Lumida
/FET
⌘K
Forum Energy Technologies Inc

Forum Energy Technologies Inc

FET
$83.02USD+2.54%+2.06 today

MARKET CAP

952.5M

P/E (TTM)

FWD P/E

DAY RANGE

$81 – $84

52W RANGE

$25
$87

AI Summary

Stalk
Buy NowMedium

FET is in a Stage 3 corrective phase within its long-term uptrend, pulling back into the confluence of the rising 9-EMA, 20-EMA, and 50-DMA. No active bearish patterns are present, and oversold conditions on RSI and options support a tactical mean-reversion entry. A Buy Now posture on this pullback into the EMA/50-DMA support zone aligns with a resumption of the broader uptrend.

  • Q1 2026 revenue $209M (+8% YoY); net income $6M (+300% YoY).
  • Backlog grew 44% YoY to highest level since 2015, underpinning future revenue.
  • Margins under pressure; weak profitability may hinder sustainable earnings.
Full analysis →
STATEMENT·Income statement
USD · GAAP
METRICFY 2021FY 2022FY 2023FY 2024FY 2025TREND
Sales, Adj.$541.1M$699.9M$738.9M$816.4M$791.5M
YoY %+5.6%+29.4%+5.6%+10.5%-3.1%
P / Sales0.2x0.2x0.3x0.2x0.6x
EV / Sales0.9x0.9x0.8x0.8x1.1x
Gross Profit, Adj.$123.3M$188.5M$204.2M$255.0M$219.0M
YoY %+1219.1%+52.8%+8.3%+24.9%-14.1%
Margin %22.8%26.9%27.6%31.2%27.7%
EV / Gross Profit4.1x3.4x2.9x2.5x4.0x
EBITDA, Adj.$-3.4M$46.0M$55.6M$81.7M$52.3M
YoY %+97.9%+1466.4%+20.8%+46.9%-35.9%
Margin %-0.6%6.6%7.5%10.0%6.6%
EV / EBITDA-150.2x14.0x10.7x7.9x16.5x
EBIT$-45.5M$9.1M$20.9M$-91.1M$18.6M
YoY %+80.3%+119.9%+130.5%-536.7%+120.4%
Margin %-8.4%1.3%2.8%-11.2%2.3%
EV / EBIT-11.1x71.0x28.4x-7.0x46.6x
Net Income$-82.7M$3.7M$-18.9M$-135.3M$-9.7M
YoY %+14.7%+104.5%-608.5%-616.9%+92.9%
Net Margin-15.3%0.5%-2.6%-16.6%-1.2%
EPS (GAAP)-$14.65$0.62-$1.85-$11.00-$0.81
YoY %+15.7%+104.2%-398.4%-494.6%+92.6%