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FORUM ENERGY TECHNOLOGIES, INC. FET

NYSE · stock · Oil & Gas Field Machinery & Equipment · website · IPO 2012-04-12 · LEI

FORUM ENERGY TECHNOLOGIES, INC. statistics & valuation

Market cap$572.2M
P / S0.7×
P / B2.0×
P / FCF8.9×
Net margin-1.2%
Return on equity-3.3%
FCF margin8.1%
Net debt$101.3M
Net debt / EBITDA1.6×
Enterprise value USD$673.5M
EV / EBITDA10.5×
Earnings yield EBIT/EV4.5%
Return on capital5.5%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
-14.00% -7.30% -35.20% -59.30% -18.90% -15.30% 0.50% -2.60% -16.60% -1.20% 2016201720182019202020212022202320242025
Gross margin (%)
17.00% 23.10% 24.10% 25.60% -2.20% 22.80% 26.90% 27.60% 31.20% 27.70% 2016201720182019202020212022202320242025
Operating margin (%)
-21.90% -17.30% -37.30% -56.10% -45.20% -8.20% 2.50% 2.80% -10.60% 3.80% 2016201720182019202020212022202320242025
Return on equity (%)
-6.60% -4.20% -36.30% -116.70% -23.90% -25.10% 1.20% -4.60% -42.30% -3.30% 2016201720182019202020212022202320242025
Shares outstanding
91.2M 98.7M 108.8M 5.5M 5.6M 5.6M 6.0M 10.2M 12.3M 11.9M 2016201720182019202020212022202320242025
Net debt ($)
$341.0M $164.8M $186.4M $188.9M $84.6M $143.7M $101.3M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-4.50% -2.70% -20.40% -48.90% -10.90% -10.40% 0.40% -2.30% -16.60% -1.30% 2016201720182019202020212022202320242025
Free cash flow margin (%)
8.20% -8.20% -2.00% 9.30% 0.30% -3.40% -3.50% 0.00% 10.30% 8.10% 2016201720182019202020212022202320242025
Debt / equity (×)
0.82× 0.72× 0.71× 0.78× 0.32× 0.59× 0.47× 2016201720182019202020212022202320242025
EPS ($)
-$0.90 -$0.60 -$3.44 -$103.01 -$17.37 -$14.65 $0.62 -$1.85 -$11.00 -$0.81 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

FORUM ENERGY TECHNOLOGIES, INC. trades at about 133.6× earnings — below its 10-year norm (10-year range 53.2×–366.7×, median 293.2×).

53.2× 366.7×

Shaded band = 10-year range (53.2×–366.7×); dot = today's 133.6×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin27.7%31.2%27.6%26.9%22.8%-2.2%25.6%24.1%23.1%17.0%
Operating margin3.8%-10.6%2.8%2.5%-8.2%-45.2%-56.1%-37.3%-17.3%-21.9%
Net margin-1.2%-16.6%-2.6%0.5%-15.3%-18.9%-59.3%-35.2%-7.3%-14.0%
FCF margin8.1%10.3%0.0%-3.5%-3.4%0.3%9.3%-2.0%-8.2%8.2%
Return on assets-1.3%-16.6%-2.3%0.4%-10.4%-10.9%-48.9%-20.4%-2.7%-4.5%
Return on equity-3.3%-42.3%-4.6%1.2%-25.1%-23.9%-116.7%-36.3%-4.2%-6.6%
Debt / equity0.47×0.59×0.32×0.78×0.71×0.72×0.82×———
Current ratio2.172.462.592.442.543.923.383.233.655.29

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.