📊 FET Key Takeaways
Is Forum Energy Technologies, Inc.. (FET) a Good Investment?
Forum Energy Technologies exhibits deteriorating operational fundamentals with declining revenue (-3.1% YoY) and net income growth driven by cost reduction rather than operational improvement. The critically low interest coverage ratio of 1.4x combined with anemic free cash flow generation (0.7% FCF margin) and abysmal returns on equity (1.6%) and assets (0.6%) indicate a company struggling to service debt and generate shareholder value.
Forum Energy Technologies shows improving fundamental quality through positive operating income, solid free cash flow generation, and a balanced leverage profile, but the business is not yet demonstrating durable earnings power. The combination of declining revenue, thin operating margins, and continued net losses suggests a recovery story that has improved meaningfully but still needs more consistent execution before becoming clearly attractive on fundamentals alone.
Why Buy Forum Energy Technologies, Inc.. Stock? FET Key Strengths
- Current ratio of 2.23x provides adequate short-term liquidity coverage
- Debt-to-equity ratio of 0.55x demonstrates manageable leverage relative to equity base
- Gross margin of 29.2% shows products maintain reasonable operational pricing power
- Strong cash conversion with $70.40M operating cash flow and $64.39M free cash flow despite a net loss
- Healthy liquidity profile with a 2.17x current ratio and 1.01x quick ratio
- Moderate leverage with debt-to-equity of 0.47x and positive interest coverage of 3.7x
FET Stock Risks: Forum Energy Technologies, Inc.. Investment Risks
- Interest coverage of 1.4x is dangerously low with minimal safety margin; vulnerable to further earnings deterioration
- Revenue declined 3.1% YoY while net income surged 92.9%, indicating non-recurring gains masking underlying operational weakness
- Free cash flow of only $1.4M on $208.7M revenue (0.7% margin) severely constrains debt reduction capacity and financial flexibility
- Revenue declined 3.1% year over year, indicating limited top-line momentum
- Profitability remains fragile with a 3.8% operating margin and -1.2% net margin
- Returns on capital are still negative, with ROE of -3.3% and ROA of -1.3%
Key Metrics to Watch
- Revenue stabilization and return to growth - must reverse current decline trajectory
- Interest coverage ratio trajectory - must improve above 2.0x to reduce financial distress risk
- Operating cash flow and FCF margin expansion - current 1.4M FCF insufficient for $153.7M debt burden
- Operating margin and net income trend
- Revenue growth and free cash flow sustainability
Forum Energy Technologies, Inc.. (FET) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The relatively thin 0.7% FCF margin may limit capital allocation flexibility. Strong liquidity with a 2.23x current ratio provides a solid financial cushion.
FET Profit Margin, ROE & Profitability Analysis
FET vs Industrial Sector: How Forum Energy Technologies, Inc.. Compares
How Forum Energy Technologies, Inc.. compares to Industrial sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Forum Energy Technologies, Inc.. Stock Overvalued? FET Valuation Analysis 2026
Based on fundamental analysis, Forum Energy Technologies, Inc.. shows some fundamental concerns relative to the Industrial sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Forum Energy Technologies, Inc.. Balance Sheet: FET Debt, Cash & Liquidity
FET Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Forum Energy Technologies, Inc..'s revenue has grown significantly by 51% over the 5-year period, indicating strong business expansion. The most recent EPS of $-11.00 indicates the company is currently unprofitable.
FET Revenue Growth, EPS Growth & YoY Performance
FET Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $193.3M | $1.1M | $0.09 |
| Q3 2025 | $196.2M | $1.1M | $-0.97 |
| Q2 2025 | $199.8M | $1.1M | $-0.54 |
| Q1 2025 | $193.3M | $1.1M | $0.09 |
| Q3 2024 | $179.3M | -$2.1M | $-0.21 |
| Q2 2024 | $185.4M | -$3.5M | $-0.54 |
| Q1 2024 | $189.0M | -$3.5M | $-0.34 |
| Q3 2023 | $179.3M | -$2.1M | $-0.21 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Forum Energy Technologies, Inc.. Dividends, Buybacks & Capital Allocation
FET SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Forum Energy Technologies, Inc.. (CIK: 0001401257)
📋 Recent SEC Filings
❓ Frequently Asked Questions about FET
What is the AI rating for FET?
Forum Energy Technologies, Inc.. (FET) has a Combined AI Rating of SELL from Claude (STRONG SELL) and ChatGPT (HOLD) with 76% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are FET's key strengths?
Claude: Current ratio of 2.23x provides adequate short-term liquidity coverage. Debt-to-equity ratio of 0.55x demonstrates manageable leverage relative to equity base. ChatGPT: Strong cash conversion with $70.40M operating cash flow and $64.39M free cash flow despite a net loss. Healthy liquidity profile with a 2.17x current ratio and 1.01x quick ratio.
What are the risks of investing in FET?
Claude: Interest coverage of 1.4x is dangerously low with minimal safety margin; vulnerable to further earnings deterioration. Revenue declined 3.1% YoY while net income surged 92.9%, indicating non-recurring gains masking underlying operational weakness. ChatGPT: Revenue declined 3.1% year over year, indicating limited top-line momentum. Profitability remains fragile with a 3.8% operating margin and -1.2% net margin.
What is FET's revenue and growth?
Forum Energy Technologies, Inc.. reported revenue of $208.7M.
Does FET pay dividends?
Forum Energy Technologies, Inc.. does not currently pay dividends.
Where can I find FET SEC filings?
Official SEC filings for Forum Energy Technologies, Inc.. (CIK: 0001401257) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is FET's EPS?
Forum Energy Technologies, Inc.. has a diluted EPS of $0.39.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is FET a good stock to buy right now?
Based on our AI fundamental analysis in May 2026, Forum Energy Technologies, Inc.. has a SELL rating with 76% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is FET stock overvalued or undervalued?
Valuation metrics for FET: ROE of 1.6% (sector avg: 15%), net margin of 2.2% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.
Should I buy FET stock in 2026?
Our dual AI analysis gives Forum Energy Technologies, Inc.. a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is FET's free cash flow?
Forum Energy Technologies, Inc..'s operating cash flow is $1.6M, with capital expenditures of $256.0K. FCF margin is 0.7%.
How does FET compare to other Industrial stocks?
Vs Industrial sector averages: Net margin 2.2% (avg: 10%), ROE 1.6% (avg: 15%), current ratio 2.23 (avg: 1.8).