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Forum Energy Technologies logo
Forum Energy Technologies FET
$ 72.1 1.25%
report update icon

Quarterly report 2026-Q3
added 10-30-2026

Forum Energy Technologies Balance Sheet 2025-2009 | FET

Brief balance sheet overview of Forum Energy Technologies

The review uses the five latest available annual reports between 2021 and 2025.

Assets ended near their starting level at $752.5 million versus $791.3 million. This was preservation of scale rather than expansion.

Assets and liabilities changed at similar rates, -4.9% and -0.2%. The funding mix did not shift sharply.

Equity represents 38.7% of assets versus 41.6% initially. The capital structure appears balanced.

The net-debt-to-equity ratio is 0.38x. Balance sheet leverage is low on this measure.

Cash represents 4.6% of assets versus 5.9% initially, showing how the immediate liquidity reserve changed.

The accumulated result is -$844.5 million and remains below zero. The number alone does not explain whether losses, dividends or repurchases were the main cause.

Overall assessment

Taken together, the figures indicate acceptable resilience for Forum Energy Technologies. The next assessment depends on debt and equity trends.

Annual Balance Sheet Forum Energy Technologies

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009

Net Debt

112 M 153 M 92.6 M 197 M 196 M 166 M 342 M 471 M 393 M 162 M 287 M 352 M 473 M 380 M 645 M - -

Long Term Debt

135 M 187 M 130 M 239 M 232 M 293 M 399 M 518 M 507 M 397 M 396 M 428 M 512 M 400 M 660 M - -

Long Term Debt Current

11.8 M 11.1 M 9.2 M 8.78 M 11 M 12 M 12.5 M - - - - - - - - - -

Total Non Current Liabilities

255 M 294 M 204 M 317 M 287 M 359 M 477 M 563 M 570 M 458 M 477 M 544 M 618 M 450 M 698 M - -

Total Current Liabilities

207 M 202 M 204 M 210 M 176 M 125 M 197 M 237 M 216 M 142 M 152 M 282 M 220 M 273 M - - -

Total Liabilities

461 M 496 M 408 M 528 M 462 M 484 M 674 M 800 M 786 M 599 M 629 M 826 M 838 M 731 M 952 M - -

Deferred Revenue

- - - - - 9.68 M 10.8 M 11.5 M 10.7 M 12.3 M 15.9 M 26.7 M 22.2 M 51.3 M 12.7 M - -

Retained Earnings

-844 M -835 M -699 M -681 M -684 M -602 M -503 M 63.7 M 439 M 498 M 580 M 700 M 525 M 396 M 244 M - -

Total Assets

752 M 816 M 821 M 835 M 791 M 890 M 1.16 B 1.83 B 2.2 B 1.84 B 1.89 B 2.22 B 2.17 B 1.89 B 1.61 B - -

Cash and Cash Equivalents

34.7 M 44.7 M 46.2 M 51 M 46.9 M 129 M 57.9 M 47.2 M 115 M 234 M 109 M 76.6 M 39.6 M 41.1 M 20.5 M 20.3 M 26.9 M

Book Value

291 M 320 M 413 M 307 M 329 M 406 M 486 M 1.03 B 1.41 B 1.24 B 1.26 B 1.4 B 1.33 B 1.16 B 655 M - -

Total Shareholders Equity

291 M 320 M 413 M 307 M 329 M 406 M 486 M 1.03 B 1.41 B 1.24 B 1.26 B 1.4 B 1.33 B 1.16 B 655 M 463 M 402 M

All numbers in USD currency

Quarterly Balance Sheet Forum Energy Technologies

2026-Q3 2026-Q2 2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Long Term Debt

82.1 M 83.8 M 86.5 M 84 M 85.2 M 80.2 M 70.7 M 73.1 M 57.9 M 57.5 M 59.9 M 61.4 M 62.6 M 63.3 M 64.3 M 64.6 M 28 M 30.3 M 32.8 M 34.7 M 36.4 M 39.4 M 41.6 M 44.5 M 46.3 M 44.1 M 46.4 M 49.9 M 51.7 M 53.2 M 56 M 518 M 466 M 466 M 457 M 507 M 398 M 398 M 398 M 397 M 396 M 396 M 396 M 396 M 403 M 438 M 468 M 420 M 420 M 437 M 477 M 512 M 500 M 504 M 366 M 400 M 299 M 350 M 647 M 660 M 660 M 660 M -

Total Non Current Liabilities

246 M 260 M 274 M 255 M 263 M 274 M 275 M 294 M 259 M 341 M 382 M 204 M 203 M 214 M 230 M 317 M 291 M 315 M 284 M 287 M 288 M 291 M 329 M 359 M 360 M 478 M 518 M 477 M 490 M 577 M 585 M 563 M 523 M 510 M 518 M 570 M 437 M 438 M 447 M 458 M 466 M 446 M 468 M 477 M 520 M 558 M 583 M 536 M 534 M 555 M 584 M 618 M 614 M 559 M 419 M 458 M 337 M 388 M 684 M - - - -

Total Liabilities

490 M 481 M 482 M 461 M 473 M 476 M 470 M 496 M 530 M 535 M 575 M 408 M 412 M 424 M 433 M 528 M 488 M 499 M 476 M 462 M 454 M 442 M 462 M 484 M 497 M 626 M 703 M 674 M 714 M 802 M 819 M 800 M 749 M 739 M 736 M 786 M 636 M 620 M 610 M 599 M 592 M 578 M 613 M 629 M 710 M 774 M 876 M 818 M 826 M 795 M 833 M 838 M 884 M 820 M 693 M 731 M 594 M 644 M 954 M 952 M 952 M 952 M 952 M

Deferred Revenue

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 8.61 M 8.82 M 8.51 M 8.84 M 7.44 M 8.34 M 8.75 M 9.09 M 9.12 M 7.28 M 9.34 M 8.6 M 9.2 M 10.9 M 14.8 M 12.8 M 19.4 M 15.8 M 18.8 M 28.7 M 22.3 M 33.7 M 19.1 M 17.5 M 33.7 M 12.7 M 12.7 M 12.7 M -

Retained Earnings

-816 M -828 M -840 M -844 M -847 M -826 M -834 M -835 M -731 M -716 M -710 M -699 M -683 M -691 M -684 M -681 M -668 M -684 M -694 M -684 M -665 M -653 M -631 M -602 M -569 M -547 M -542 M -503 M -491 M 42.1 M 55.8 M 63.7 M 447 M 450 M 466 M 439 M 390 M 405 M 482 M 498 M 511 M 529 M 557 M 580 M 744 M 737 M 728 M 700 M 653 M 601 M 562 M 525 M 491 M 457 M 428 M 396 M 372 M 331 M 287 M 244 M 244 M 244 M 244 M

Total Assets

808 M 771 M 763 M 752 M 770 M 810 M 790 M 816 M 974 M 977 M 1.02 B 821 M 829 M 844 M 850 M 835 M 790 M 807 M 791 M 791 M 800 M 804 M 844 M 890 M 924 M 1.07 B 1.15 B 1.16 B 1.2 B 1.82 B 1.85 B 1.83 B 2.17 B 2.16 B 2.18 B 2.2 B 1.81 B 1.8 B 1.84 B 1.84 B 1.77 B 1.77 B 1.85 B 1.89 B 2.14 B 2.21 B 2.27 B 2.21 B 2.29 B 2.24 B 2.21 B 2.17 B 2.17 B 2.04 B 1.87 B 1.89 B 1.72 B 1.71 B 1.67 B 1.61 B 1.61 B 1.61 B 1.61 B

Cash and Cash Equivalents

35.2 M 33.7 M 37.5 M 34.7 M 31.7 M 39 M 31.1 M 44.7 M 33.3 M 31.8 M 48.5 M 46.2 M 37.2 M 24.8 M 46.8 M 51 M 19.8 M 26.9 M 20.6 M 46.9 M 50 M 60.4 M 101 M 129 M 20 M 110 M 109 M 57.9 M 28.9 M 37.4 M 29.7 M 47.2 M 26.9 M 39.1 M 42.3 M 115 M 156 M 220 M 205 M 234 M 133 M 137 M 132 M 109 M 76.2 M 57.8 M 83.9 M 76.6 M 74.1 M 32.6 M 67 M 39.6 M 28.2 M 199 M 26.9 M 41.1 M 26.9 M 14.8 M 15.8 M 20.5 M 20.5 M 20.5 M 20.5 M

Book Value

318 M 290 M 281 M 291 M 297 M 334 M 320 M 320 M 444 M 442 M 446 M 413 M 417 M 419 M 417 M 307 M 303 M 308 M 315 M 329 M 346 M 362 M 382 M 406 M 427 M 441 M 442 M 486 M 485 M 1.02 B 1.03 B 1.03 B 1.42 B 1.42 B 1.45 B 1.41 B 1.18 B 1.18 B 1.23 B 1.24 B 1.18 B 1.2 B 1.24 B 1.26 B 1.43 B 1.44 B 1.39 B 1.4 B 1.47 B 1.44 B 1.38 B 1.33 B 1.28 B 1.22 B 1.18 B 1.16 B 1.13 B 1.06 B 714 M 655 M 655 M 655 M 655 M

Total Shareholders Equity

318 M 290 M 281 M 291 M 297 M 334 M 320 M 320 M 444 M 442 M 446 M 413 M 417 M 419 M 417 M 307 M 303 M 308 M 315 M 329 M 346 M 362 M 382 M 406 M 427 M 441 M 442 M 486 M 485 M 1.02 B 1.03 B 1.03 B 1.42 B 1.42 B 1.45 B 1.41 B 1.18 B 1.18 B 1.23 B 1.24 B 1.18 B 1.2 B 1.24 B 1.26 B 1.43 B 1.44 B 1.39 B 1.4 B 1.47 B 1.44 B 1.38 B 1.33 B 1.28 B 1.22 B 1.18 B 1.16 B 1.13 B 1.06 B 714 M 654 M 654 M 654 M 654 M

All numbers in USD currency

Balance Sheet is a fundamental financial report of Forum Energy Technologies, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.

For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.

Features of balance sheet analysis
  • Vertical and horizontal analysis
    Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods.
  • Asset quality
    It is important to evaluate not only the amount of assets but also their liquidity and realizability.
  • Accounting for off-balance sheet liabilities
    Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.

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