Forum Energy Technologies Inc

Chart & Performance

D1W1MN

P/E

—

P/S

0.25

EPS

—

Div Yield, %

0.00%

Shrs. gr., 5y

13.43%

Rev. gr., 5y

-7.04%

Revenues

739m

+5.57%

Net income

-19m

CFO

Earnings

Feb 26, 2025

Profile

Forum Energy Technologies, Inc. designs, manufactures, and distributes products serving the oil, natural gas, industrial, and renewable energy industries in the United States and internationally. It operates through three segments: Drilling & Downhole, Completions, and Production. The Drilling & Downhole segment designs, manufactures, and supplies products, and provides related services to the drilling, well construction, artificial lift, and subsea energy construction markets, including applications in oil and natural gas, renewable energy, defense, and communications. This segment offers drilling technologies consisting of capital equipment and a line of products consumed in the drilling process; well construction casing and cementing equipment, and protection products for artificial lift equipment and cables; and subsea remotely operated vehicles and trenchers, submarine rescue vehicles, specialty components and tools, and complementary subsea technical services. The Completions segment offers hydraulic fracturing pumps, cooling systems, high-pressure flexible hoses, and flow iron for pressure pumping, hydraulic fracturing and flowback services markets; wireline cable and pressure control equipment for well completion and intervention service markets; and coiled tubing strings and coiled line pipe. The Production segment designs, manufactures, and supplies products, and provides related equipment and services for production and infrastructure markets. This segment offers engineered process systems, production equipment, specialty separation equipment, and various industrial valves for oil and natural gas customers, power generation, renewable energy, and other general industrial applications. The company was formerly known as Forum Oilfield Technologies, Inc. and changed its name to Forum Energy Technologies, Inc. in August 2010. Forum Energy Technologies, Inc. was incorporated in 2005 and is headquartered in Houston, Texas.

URL

http://www.f-e-t.com/

IPO date

Apr 12, 2012

Employees

1,500

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	738,864 5.57%	699,900 29.35%	541,100 5.58%
Cost of revenue	534,711	511,400	417,800
Unusual Expense (Income)
NOPBT	204,153	188,500	123,300
NOPBT Margin	27.63%	26.93%	22.79%
Operating Taxes	11,062	6,600	700
Tax Rate	5.42%	3.50%	0.57%
NOPAT	193,091	181,900	122,600
Net income	(18,876) -608.51%	3,712 -104.49%	(82,700) -14.65%
Dividends
Dividend yield
Proceeds from repurchase of equity	(5,996)	(3,800)	(1,400)
BB yield	2.65%	2.16%	1.55%
Debt
Debt current	1,186	800	900
Long-term debt	254,145	303,726	267,145
Deferred revenue			(834)
Other long-term liabilities	12,132	73,698	54,100
Net debt	209,166	253,526	221,348
Cash flow
Cash from operating activities	8,183	(17,100)	(15,800)
CAPEX	(7,944)	(7,500)	(2,400)
Cash from investing activities	(6,573)	27,100	10,700
Cash from financing activities	(7,582)	(5,000)	(76,200)
FCF	165,005	157,300	161,400
Balance
Cash	46,165	51,000	46,900
Long term investments			(203)
Excess cash	9,222	16,005	19,642
Stockholders' equity	(814,598)	(808,018)	(785,274)
Invested Capital	1,431,566	1,428,716	1,400,940
ROIC	13.50%	12.86%	8.55%
ROCE	33.04%	30.32%	20.00%
EV
Common stock shares outstanding	10,212	5,951	5,643
Price	22.17 -24.85%	29.50 83.80%	16.05 34.87%
Market cap	226,400 28.96%	175,554 93.83%	90,570 36.47%
EV	435,566	429,080	311,918
EBITDA	238,881	225,600	165,500
EV/EBITDA	1.82	1.90	1.88
Interest	18,297	31,500	32,000
Interest/NOPBT	8.96%	16.71%	25.95%