FORUM ENERGY TECHNOLOGIES, INC.(FET)Stock Analysis
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Rank #1,790 of 2,879 stocks
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
FET Stock Analysis & AI Quality Score
AI stock analysis and institutional research for FORUM ENERGY TECHNOLOGIES, INC. (FET), a Energy sector company. 13F Pro's AI-powered ranking engine scores FET at 44.0/100 on a 32-signal composite quality model, placing it at rank #1,790 of 2,879 stocks — the bottom half of the AI-ranked universe. Areas of concern include earnings quality (30.0) and balance sheet strength (32.1), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q1 2026), FORUM ENERGY TECHNOLOGIES, INC. reports quarterly revenue of $208.7M, net income of $4.5M, an operating margin of 5.3%. Top institutional holders of FET by reported 13-F value include BlackRock,, DIMENSIONAL FUND ADVISORS, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. FET trades on the NYSE exchange and files with the SEC under CIK 1401257. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate FET daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for FORUM ENERGY TECHNOLOGIES, INC. directly from SEC EDGAR. FORUM ENERGY TECHNOLOGIES, INC.'s 13F Pro composite quality score has ranged between 8 and 53 since 2021, currently 44.0 — an improving long-term trajectory across 56 quarterly and live scoring snapshots.
Revenue
Q1 2026
$208.7M
Net Income
Q1 2026
$4.5M
Free Cash Flow
Q1 2026
$1.4M
Operating Margin
Q1 2026
5.3%
ROIC
Q1 2026
2.5%
D/E Ratio
Q1 2026
0.55
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
-3.1% YoYNet Income
+92.9% YoYOperating Income
+134.7% YoYEPS (Diluted)
+92.6% YoYTotal Assets
-7.8% YoYTotal Debt
-27.8% YoYOp. Cash Flow
-23.6% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Revenue | $791.5M -3.1% | $816.4M +10.5% | $738.9M +5.6% | $699.9M +36.6% | $512.5M -46.4% | $956.5M |
| Net Income | $-9.7M +92.9% | $-135.3M -616.9% | $-18.9M -608.5% | $3.7M +103.8% | $-96.9M +82.9% | $-567.1M |
| Operating Income | $30.1M +134.7% | $-86.8M -518.8% | $20.7M +19.6% | $17.3M +107.5% | $-231.6M +56.8% | $-536.1M |
| EPS (Diluted) | $-0.81 +92.6% | $-11.00 -494.6% | $-1.85 -398.4% | $0.62 +103.6% | $-17.37 +83.1% | $-103.01 |
| Total Assets | $752.5M -7.8% | $816.0M -0.6% | $821.1M -1.6% | $834.8M -6.2% | $889.9M -23.3% | $1.16B |
| Total Debt | $137.3M -27.8% | $190.3M +44.2% | $131.9M -45.2% | $240.7M -18.7% | $296.0M -25.9% | $399.6M |
| Operating Cash Flow | $70.4M -23.6% | $92.2M +1026.6% | $8.2M +148.0% | $-17.1M -539.2% | $3.9M -96.3% | $104.1M |
AI Insight: FET Financial Trends
Debt cut by 40% over six quarters is the standout positive, but operating cash flow collapsed to $2M in Q1 2026 — the weakest print in the dataset.
• Total debt fell from $301M in Q3 2024 to $137M in Q4 2025, a 54% reduction, before ticking back up to $155M in Q1 2026.
• Operating income recovered from -$107M in Q4 2024 to $13M in Q4 2025, but slipped to $11M in Q1 2026.
• Revenue has been range-bound between $193M and $209M across all eight quarters, showing no meaningful growth trajectory.
• Net income turned modestly positive in Q1 2025 ($1M), Q2 2025 ($8M), and Q4 2025 ($2M), but remains volatile and small in absolute terms.
⚠ Operating cash flow cratered to $2M in Q1 2026 from $22M in Q4 2025 — the sharpest single-quarter deterioration in the dataset.
⚠ Equity has eroded from $444M in Q3 2024 to $281M in Q1 2026, a 37% decline, reflecting cumulative net losses.
⚠ Debt rose $18M sequentially to $155M in Q1 2026, interrupting the deleveraging trend — monitor whether this reversal persists.
AI Insight: FET Ratio Trends
FET's profitability has stabilized post-Q4 2024 impairment shock, but volatile quarter-to-quarter swings signal fragile earnings quality.
• Operating margin recovered sharply from -53.1% in Q4 2024 to 5.3% in Q1 2026, excluding that one-off charge.
• ROIC expanded from 4.5% in Q2 2024 to 10.1% in Q1 2026, with D/E declining from 0.59 to 0.55 over the same span.
• Q3 2025 saw operating margin collapse to -3.1% and ROIC to -5.6%, underscoring persistent quarter-to-quarter earnings volatility.
⚠ Recurring deep quarterly swings — Q4 2024 and Q3 2025 both turned sharply negative — raise concerns about earnings predictability.
⚠ D/E ticked back up to 0.55 in Q1 2026 after reaching 0.47 in Q4 2025; monitor whether deleveraging trend resumes.
⚠ Net profit margin of 2.1% in Q1 2026 remains thin; any revenue softness could quickly push NPM back into negative territory.
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Available Research
13F Pro tracks comprehensive data for FORUM ENERGY TECHNOLOGIES, INC. including:
Top Institutional Holders of FET
BlackRock, Inc.
$51.9M884,455 shDIMENSIONAL FUND ADVISORS LP
$36.8M626,938 shVANGUARD CAPITAL MANAGEMENT LLC
$29.1M495,713 shAMERICAN CENTURY COMPANIES INC
$24.1M411,221 shSTATE STREET CORP
$19.3M328,477 shTWO SIGMA INVESTMENTS, LP
$19.1M326,132 shJACOBS LEVY EQUITY MANAGEMENT, INC
$15.6M265,216 shGEODE CAPITAL MANAGEMENT, LLC
$15.0M255,802 shAllspring Global Investments Holdings, LLC
$14.0M240,292 shIES Holdings, Inc.
$13.2M225,000 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $51.9M | 884,455 |
| DIMENSIONAL FUND ADVISORS LP | $36.8M | 626,938 |
| VANGUARD CAPITAL MANAGEMENT LLC | $29.1M | 495,713 |
| AMERICAN CENTURY COMPANIES INC | $24.1M | 411,221 |
| STATE STREET CORP | $19.3M | 328,477 |
| TWO SIGMA INVESTMENTS, LP | $19.1M | 326,132 |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $15.6M | 265,216 |
| GEODE CAPITAL MANAGEMENT, LLC | $15.0M | 255,802 |
| Allspring Global Investments Holdings, LLC | $14.0M | 240,292 |
| IES Holdings, Inc. | $13.2M | 225,000 |
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Popular Research
Is FET a good stock to buy?
13F Pro's AI-powered analysis of FORUM ENERGY TECHNOLOGIES, INC. (FET) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Energy sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for FET are available on the FET stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own FET?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling FET. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of FORUM ENERGY TECHNOLOGIES, INC.'s investment landscape.