Forum Energy Technologies Reports Q4 Revenue Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy FET?
Source: Businesswire
- Revenue and Net Income: Forum Energy Technologies reported Q4 2025 revenue of $202.2 million and net income of $2.1 million, with adjusted net income reaching $5.0 million, indicating stable performance and improved profitability in the market.
- Record Backlog: As of 2026, the company's backlog reached $312 million, a 46% increase year-over-year, with nearly 12% of this backlog coming from products developed in recent years, showcasing the company's success in innovation and market demand.
- EBITDA Growth: The company experienced nearly a 13% increase in EBITDA in the second half of 2025, reflecting improvements in capital efficiency and asset monetization, further enhancing its financial health.
- Shareholder Return Strategy: Forum Energy repurchased 11% of its outstanding shares in 2025 and reduced net debt by 28%, demonstrating an active capital allocation strategy aimed at enhancing shareholder value and financial flexibility.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy FET?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on FET
About FET
Forum Energy Technologies, Inc. is a global manufacturing company serving the oil, natural gas, industrial and renewable energy industries. Its segments include Drilling and Completions and Artificial Lift and Downhole. The Drilling and Completions segment designs, manufactures and supplies products and solutions to the drilling, subsea, coiled tubing, well stimulation and intervention markets, including applications in the oil and natural gas, renewable energy, defense and communications industries. The products and solutions include capital equipment and consumable products, wireline cable and pressure control equipment, and coiled tubing strings and pressure control equipment. The Artificial Lift and Downhole segment designs, manufactures and supplies products and solutions for the artificial lift, well construction, production and infrastructure markets. Its products include well construction casing and cementing equipment, customized downhole technology solutions, and others.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Earnings Announcement: Forum Energy is set to release its Q4 earnings on February 20 before market open, with a consensus EPS estimate of $0.36, reflecting a substantial year-over-year increase of 192.3%, indicating a significant improvement in profitability.
- Revenue Expectations: Despite the optimistic EPS forecast, the revenue estimate stands at $190.5 million, representing a 5.2% year-over-year decline, which suggests challenges in revenue growth that could impact investor confidence.
- Historical Performance Review: Over the past two years, Forum Energy has only beaten EPS estimates 13% of the time and revenue estimates 38% of the time, indicating considerable volatility in its performance, necessitating cautious evaluation from investors regarding future outcomes.
- Estimate Revision Trends: In the last three months, there has been one upward revision for both EPS and revenue estimates, with no downward adjustments, suggesting analysts maintain a positive outlook on the company's future performance, potentially attracting more investor interest.
See More
- Revenue Growth: Q4 2025 revenue reached $202 million, reflecting a 3.5% year-over-year increase, indicating the company's stable performance in the market despite global economic challenges.
- Net Income Recovery: Net income stood at $2.1 million, with adjusted net income at $5 million, showcasing significant progress in cost control and operational efficiency, thereby enhancing investor confidence.
- Strong Orders: Total orders for 2025 amounted to $891 million, with a book-to-bill ratio of 113%, demonstrating sustained market demand that supports future revenue sustainability.
- Free Cash Flow Performance: Free cash flow for 2025 reached $80 million, with a conversion rate of 93%, providing a robust financial foundation for future investments and shareholder returns.
See More
- Revenue and Net Income: Forum Energy Technologies reported Q4 2025 revenue of $202.2 million and net income of $2.1 million, with adjusted net income reaching $5.0 million, indicating stable performance and improved profitability in the market.
- Record Backlog: As of 2026, the company's backlog reached $312 million, a 46% increase year-over-year, with nearly 12% of this backlog coming from products developed in recent years, showcasing the company's success in innovation and market demand.
- EBITDA Growth: The company experienced nearly a 13% increase in EBITDA in the second half of 2025, reflecting improvements in capital efficiency and asset monetization, further enhancing its financial health.
- Shareholder Return Strategy: Forum Energy repurchased 11% of its outstanding shares in 2025 and reduced net debt by 28%, demonstrating an active capital allocation strategy aimed at enhancing shareholder value and financial flexibility.
See More
- Ethereum's AI Adaptation: Ethereum is rapidly adapting for the AI future, and if it can solidify its position as the top blockchain for new AI projects, its valuation could significantly rise, highlighting its importance in the crypto market.
- Executive Predictions: Ethereum founder Vitalik Buterin believes that the convergence of blockchain technology and AI can enhance market and government efficiency, and if successful, it could yield substantial returns for Ethereum investors.
- Emergence of AI Projects: Several AI projects are currently emerging on Ethereum, such as ChainGPT and Assemble AI, which have the potential to become the 'killer apps' driving Ethereum's future, further enhancing its market competitiveness.
- Cautious Investor Sentiment: Despite the promising outlook for Ethereum in the AI space, analysts caution that it is not currently recommended as a top investment choice, urging investors to carefully assess its long-term value and market performance.
See More
- Ethereum's Potential: Ethereum founder Vitalik Buterin believes that the convergence of blockchain technology and artificial intelligence holds immense potential, providing an economic base layer for AI that could reshape its future landscape.
- Market Reaction: Currently priced at $1980.08 with a market cap of $239 billion, Ethereum has seen a 4% decline recently, yet its applications in AI could rapidly increase its value, leveraging its successful experience in decentralized finance (DeFi).
- AI Project Development: DappRadar has compiled a list of several AI projects developing on Ethereum, such as ChainGPT and Assemble AI, which could potentially become the
See More

- Credit Limit Status: The Canadian letter of credit for Forum Energy Technologies remains at $10 million.
- Financial Implications: This credit limit indicates the company's financial standing and potential for future investments or projects.
See More







