Forum Energy Technologies, Inc. income statement
In fiscal 2025, Forum Energy Technologies, Inc. reported revenue of $791m, down 3.1% on the year before, operating income of $30.1m (a 3.8% margin) and net income of −$9.7m, or −$0.81 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 747 | 1,128 | 1,415 | 1,525 | 1,740 | 1,074 | 588 | 819 | 1,064 | 957 | 512 | 541 | 700 | 739 | 816 | 791 | 874 |
| Cost of revenue | — | — | — | — | — | — | 488 | 630 | 808 | 712 | 523 | 418 | 511 | 535 | 561 | 572 | 606 |
| Gross profit | 214 | 362 | 463 | 475 | 559 | 263 | 100 | 189 | 256 | 245 | −11 | 123 | 189 | 204 | 255 | 219 | 268 |
| Selling, general and administrative | 141 | 187 | 225 | 270 | 313 | 265 | 227 | 254 | 287 | 252 | 198 | 169 | 179 | 180 | 219 | 200 | 202 |
| Operating income | 73 | 161 | 241 | 210 | 268 | −114 | −129 | −142 | −397 | −536 | −232 | −44 | 17 | 21 | −87 | 30 | 64 |
| Interest expense | 18 | 20 | 16 | 18 | 30 | 30 | 27 | 27 | — | — | — | — | — | — | — | — | — |
| Non-interest expense | — | — | — | — | — | — | — | — | — | — | — | — | — | 0 | 0 | — | — |
| Income before tax | 44 | 141 | 223 | 186 | 243 | −134 | −138 | −55 | −390 | −569 | −110 | −82 | 10 | −8 | −128 | 17 | 47 |
| Income tax | 20 | 47 | 71 | 56 | 68 | −15 | −56 | 4 | −16 | −2 | −13 | 1 | 7 | 11 | 7 | 26 | 17 |
| Net income | 24 | 93 | 151 | 130 | 174 | −119 | −82 | −59 | −374 | −567 | −97 | −83 | 4 | −19 | −135 | −10 | 30 |
| Diluted EPS | $8.80 | $27.60 | $34.80 | $27.40 | $36.60 | −$26.60 | −$18.00 | −$12.00 | −$3.44 | −$103.01 | −$17.37 | −$14.65 | $0.62 | −$1.85 | −$11.00 | −$0.81 | $2.61 |
| Diluted shares (average) | 3m | 3m | 4m | 5m | 5m | 4m | 5m | 5m | 5m | 6m | 6m | 6m | 6m | 10m | 12m | 12m | 12m |
| EBITDA | 106 | 201 | 293 | 246 | 305 | −75 | −67 | −76 | −322 | −473 | −181 | −2 | 54 | 55 | −33 | 64 | 96 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 201 | 193 | 200 | 196 | 202 | 209 | 226 | 237 |
| Cost of revenue | 139 | 135 | 140 | 156 | 141 | 148 | 155 | 162 |
| Gross profit | 62 | 58 | 59 | 40 | 61 | 61 | 71 | 74 |
| Selling, general and administrative | 55 | 49 | 51 | 50 | 49 | 50 | 50 | 53 |
| Operating income | −107 | 9 | 15 | −6 | 13 | 11 | 21 | 20 |
| Income before tax | −107 | 5 | 14 | −10 | 8 | 7 | 16 | 15 |
| Income tax | −4 | 4 | 6 | 10 | 6 | 3 | 4 | 4 |
| Net income | −104 | 1 | 8 | −21 | 2 | 4 | 12 | 11 |
| Diluted EPS | −$8.41 | $0.09 | $0.61 | −$1.76 | $0.16 | $0.39 | $1.05 | $0.93 |
| EBITDA | −66 | 12 | 18 | −3 | 36 | 14 | 23 | 23 |
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