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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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Home›FET›Financials
Annual statements · SEC XBRL · FY2016 – FY2025

FORUM ENERGY TECHNOLOGIES, INC. (FET) financials

Income statement

FORUM ENERGY TECHNOLOGIES, INC. (FET) income statement, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$588M$819M$1.06B$957M$512M$541M$700M$739M$816M$791M
Revenue growth—39.3%30.0%-10.1%-46.4%5.6%29.4%5.6%10.5%-3.1%
Gross profit$99.7M$189M$256M$245M-$11.0M$123M$189M$204M$255M$219M
Gross margin17.0%23.1%24.1%25.6%-2.2%22.8%26.9%27.6%31.2%27.7%
Operating income-$129M-$142M-$397M-$536M-$232M-$44.5M$17.3M$20.7M-$86.8M$30.1M
Operating margin-21.9%-17.3%-37.3%-56.1%-45.2%-8.2%2.5%2.8%-10.6%3.8%
Net income-$82.0M-$59.4M-$374M-$567M-$96.9M-$82.7M$3.71M-$18.9M-$135M-$9.66M
Net margin-14.0%-7.3%-35.2%-59.3%-18.9%-15.3%0.5%-2.6%-16.6%-1.2%
EPS (diluted)-$0.90-$0.60-$3.44-$103.01-$17.37-$14.65$0.62-$1.85-$11.00-$0.81

Cash flow

FORUM ENERGY TECHNOLOGIES, INC. (FET) cash flow, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$64.7M-$40.0M$2.41M$104M$3.88M-$15.8M-$17.1M$8.18M$92.2M$70.4M
Capital expenditures$16.8M$26.7M$24.0M$15.1M$2.25M$2.40M$7.49M$7.94M$8.14M$6.01M
Free cash flow$47.9M-$66.7M-$21.6M$89.0M$1.64M-$18.2M-$24.5M$239K$84.0M$64.4M
Share buybacks$623K$4.74M$2.78M$1.09M$195K$1.41M$3.83M$6.00M$0.00$34.6M

Balance sheet

FORUM ENERGY TECHNOLOGIES, INC. (FET) balance sheet, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$234M$115M$47.2M$57.9M$129M$46.9M$51.0M$46.2M$44.7M$34.7M
Total assets$1.84B$2.20B$1.83B$1.16B$890M$791M$835M$821M$816M$752M
Total liabilities$599M$786M$800M$674M$484M$462M$528M$408M$496M$461M
Long-term debt———$399M$293M$232M$239M$130M$187M$135M
Shareholders' equity$1.24B$1.41B$1.03B$486M$406M$329M$307M$413M$320M$291M
Retained earnings$498M$439M$63.7M-$503M-$602M-$684M-$681M-$699M-$835M-$844M
Shares (wtd avg diluted)91.2M98.7M109M5.50M5.58M5.64M5.95M10.2M12.3M11.9M

Every figure is extracted from FORUM ENERGY TECHNOLOGIES, INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is FORUM ENERGY TECHNOLOGIES, INC.'s annual revenue?
FORUM ENERGY TECHNOLOGIES, INC. (FET) reported $791M of revenue for fiscal year 2025 — down 3.1% from $816M in FY2024, per its annual report filed with the SEC.
Is FORUM ENERGY TECHNOLOGIES, INC. profitable?
Not in FY2025 — FET reported a net loss of $9.66M, per SEC filings.
What is FORUM ENERGY TECHNOLOGIES, INC.'s free cash flow?
$64.4M in FY2025 (operating cash flow $70.4M minus $6.01M of capital expenditures), from the SEC cash-flow statement.
Does FET pay a dividend?
FORUM ENERGY TECHNOLOGIES, INC. reported no cash dividends paid in FY2025, per its SEC cash-flow statement.
Full FET analysis — verdict, score & filings →Is FET a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.