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Forum Energy Technologies (FET)
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Forum Energy Technologies Income Statement 2025-2009 | FET
Brief overview of revenue and earnings at Forum Energy Technologies
The conclusions below are based on five years of reported results. According to figures from Forum Energy Technologies, revenue changed from 512 million dollars to 791 million dollars over five years. The five-year change reached +54.4%, while CAGR stood at 9.1%. Revenue advanced gradually over the five-year period.
Gross profit changed from −$11 million to $219 million (+2087.4%). Direct costs grew more slowly than revenue and improved the economics of sales. At the margin level, the figure shifted from −2.2% to 27.7%. The margin shift points to a more favorable sales-and-cost structure.
Over the period, EBITDA shifted from −158 million dollars to 63.9 million dollars, a change of +140.5%. The operating result outpaced sales and points to improving efficiency. EBITDA margin moved from −30.8% to 8.1%. A wider margin confirms stronger operating efficiency.
Net income moved from −96.9 million dollars at the start to −9.7 million dollars at the end. Losses became smaller, but the business remains unprofitable.
The five-year change in capitalization reached +737.1%: from $82.7 million to $692 million. Investor expectations increased faster than reported performance.
Conclusion
The results point to consistent and sustainable progress. Key strengths include a stronger gross margin, an improving EBITDA margin and sales growth. Investors should continue to monitor margins, costs, and earnings quality.
Annual Income Statement Forum Energy Technologies
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
692 M | 218 M | 181 M | 170 M | 90.6 M | 82.7 M | 120 M | 540 M | 1.67 B | 1.96 B | 1.01 B | 1.43 B | 2.28 B | 2.03 B | - | - | - |
Shares |
11.9 M | 12.3 M | 10.2 M | 5.75 M | 5.64 M | 5.58 M | 5.5 M | 5.44 M | 4.94 M | 4.56 M | 4.5 M | 4.63 M | 4.54 M | 4 M | - | 53.8 M | - |
Historical Prices |
58.3 | 17.7 | 17.7 | 29.6 | 16.1 | 11.9 | 33.6 | 82.6 | 311 | 440 | 249 | 415 | 565 | 495 | - | - | - |
Net Income |
-9.66 M | -135 M | -18.9 M | 3.71 M | -82.7 M | -96.9 M | -567 M | -374 M | -59.4 M | -82 M | -119 M | 174 M | 130 M | 151 M | 93.3 M | 23.9 M | - |
Revenue |
791 M | 816 M | 739 M | 700 M | 541 M | 512 M | 957 M | 1.06 B | 819 M | 588 M | 1.07 B | 1.74 B | 1.52 B | 1.41 B | 1.13 B | - | - |
Cost of Revenue |
572 M | 561 M | 535 M | 511 M | 418 M | 523 M | 712 M | 808 M | 630 M | 488 M | - | - | - | - | - | - | - |
Gross Profit |
219 M | 255 M | 204 M | 189 M | 123 M | -11 M | 245 M | 256 M | 189 M | 99.7 M | 263 M | 559 M | 475 M | 463 M | 362 M | 214 M | - |
Operating Income |
30.1 M | -86.8 M | 20.7 M | 17.3 M | -44.5 M | -232 M | -536 M | -397 M | -142 M | -129 M | -114 M | 268 M | 210 M | 241 M | 161 M | 73.3 M | - |
Interest Expense |
- | - | - | - | - | - | - | - | 26.8 M | 27.4 M | 29.9 M | 29.8 M | 18.4 M | 16.4 M | 19.5 M | 18.2 M | - |
EBITDA |
63.9 M | -33 M | 55.4 M | 54.3 M | -2.32 M | -158 M | 56.4 M | 43.9 M | 204 K | -65.5 M | 63.5 M | 312 M | 266 M | 290 M | 201 M | 106 M | - |
Operating Expenses |
189 M | 342 M | 183 M | 171 M | 168 M | 198 M | 252 M | 287 M | 254 M | 227 M | 265 M | 313 M | 270 M | 225 M | 202 M | 141 M | - |
General and Administrative Expenses |
200 M | 219 M | 180 M | 179 M | 169 M | 198 M | 252 M | 287 M | 254 M | 227 M | 265 M | 313 M | 270 M | 225 M | - | 141 M | - |
Annual performance
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All numbers in USD currency
Quarterly Income Statement 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
11.5 M | 11.3 M | 11.2 M | -227 K | 11.7 M | 12.4 M | 12.3 M | 12 K | 12.3 M | 12.3 M | 12.2 M | 4 K | 10.2 M | 10.2 M | 10.2 M | 11 K | 5.78 M | 5.75 M | 5.68 M | 6 K | 5.66 M | 5.64 M | 5.61 M | 5.59 M | 5.58 M | 5.58 M | 5.56 M | 5.52 M | 5.52 M | 5.5 M | 5.48 M | 109 M | 109 M | 109 M | 108 M | 106 M | 96.3 M | 96.2 M | 95.9 M | 91.9 M | 90.9 M | 90.7 M | 90.5 M | 90.2 M | 90.1 M | 89.8 M | 89.5 M | 92.4 M | 93.3 M | 92.6 M | 92.1 M | 91.7 M | 91.4 M | 91 M | 88.5 M | 86.1 M | 85 M | 82.5 M | 68 M | 67.8 M | 67.7 M | 59.5 M | 58.3 M |
Net Income |
11.2 M | 12.4 M | 4.49 M | 2.07 M | -20.6 M | 7.7 M | 1.12 M | -104 M | -14.8 M | -6.7 M | -10.3 M | -16.8 M | 7.97 M | -6.58 M | -3.49 M | -12.8 M | 16.5 M | 9.26 M | -9.2 M | -19.6 M | -11.6 M | -21.8 M | -29.7 M | -32.7 M | -21.6 M | -5.49 M | -37.1 M | -12.4 M | -533 M | -13.7 M | -7.89 M | -384 M | -3.05 M | -15.3 M | 28.1 M | 49.1 M | -14.8 M | -77.9 M | -15.8 M | -12.5 M | -18 M | -28.5 M | -22.9 M | -164 M | 6.72 M | 8.86 M | 28.7 M | 46.1 M | 52.2 M | 39.5 M | 36.5 M | 34.5 M | 33.2 M | 29.9 M | 31.9 M | 23.9 M | 40.9 M | 44.1 M | 42.5 M | 31.7 M | 35.5 M | 13.7 M | 12.4 M |
Revenue |
237 M | 226 M | 209 M | 202 M | 196 M | 200 M | 193 M | 201 M | 208 M | 205 M | 202 M | 185 M | 179 M | 185 M | 189 M | 191 M | 182 M | 172 M | 155 M | 148 M | 141 M | 137 M | 115 M | 113 M | 104 M | 113 M | 183 M | 200 M | 239 M | 246 M | 272 M | 273 M | 267 M | 274 M | 250 M | 248 M | 199 M | 201 M | 171 M | 147 M | 138 M | 143 M | 159 M | 196 M | 245 M | 284 M | 348 M | 439 M | 469 M | 428 M | 404 M | 394 M | 390 M | 368 M | 373 M | 330 M | 348 M | 374 M | 363 M | 337 M | 331 M | 257 M | 203 M |
Cost of Revenue |
162 M | 155 M | 148 M | 141 M | 156 M | 140 M | 135 M | 139 M | 142 M | 142 M | 139 M | 135 M | 128 M | 134 M | 137 M | 141 M | 130 M | 124 M | 117 M | 118 M | 106 M | 105 M | 88.3 M | 172 M | 90.5 M | 100 M | 161 M | 151 M | 177 M | 182 M | 202 M | 231 M | 192 M | 201 M | 183 M | 195 M | 151 M | 152 M | 132 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
74.4 M | 71.4 M | 61 M | 61.1 M | 40.2 M | 59.4 M | 58.4 M | 62.5 M | 65.7 M | 63.1 M | 63.8 M | 49.7 M | 51 M | 51.3 M | 52.1 M | 50 M | 51.4 M | 48.6 M | 38.6 M | 30.1 M | 34.9 M | 32.2 M | 26.2 M | -59.1 M | 13.1 M | 12.9 M | 22.1 M | 48.9 M | 62.6 M | 63.2 M | 70.1 M | 41.9 M | 74.5 M | 72.7 M | 67.3 M | 53 M | 47.6 M | 49.3 M | 39 M | 30.6 M | 29.3 M | 5.28 M | 34.6 M | 2.91 M | 65.8 M | 84.9 M | 109 M | 141 M | 152 M | 138 M | 128 M | 121 M | 125 M | 114 M | 115 M | 97.3 M | 116 M | 123 M | 126 M | 114 M | 113 M | 77.2 M | 58.8 M |
Operating Income |
20 M | 20.5 M | 11 M | 12.8 M | -6.11 M | 14.7 M | 8.8 M | -107 M | 8.92 M | 7.93 M | 3.2 M | 1.79 M | 5.67 M | 6.41 M | 6.85 M | 9.35 M | 7.7 M | 5.98 M | -5.71 M | -13.1 M | -7.38 M | -9.62 M | -14.4 M | -104 M | -37 M | -35 M | -55.4 M | -7.82 M | -533 M | 736 K | 4.3 M | -381 M | 2.44 M | -11.7 M | -6.71 M | -27.1 M | -13.9 M | -80 M | -20.6 M | -24.8 M | -26.2 M | -52.9 M | -25 M | -189 M | 12.2 M | 22.4 M | 40.2 M | 64.8 M | 76 M | 65.8 M | 61.4 M | 57.3 M | 55.9 M | 47.1 M | 49.2 M | 37.9 M | 62.9 M | 69.8 M | 70.2 M | 50.6 M | 60.9 M | 26.5 M | 22.6 M |
Interest Expense |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 8.09 M | 7.48 M | 6.37 M | 6.38 M | 6.58 M | 6.75 M | 6.75 M | 6.78 M | 7.13 M | 7.26 M | 7.45 M | 7.61 M | 7.63 M | 6.67 M | 7.7 M | 7.72 M | 7.75 M | -13.8 M | 4.37 M | 3.11 M | 3.36 M | -583 K | -764 K | -335 K | -31 K | - | 6.03 M | 4.45 M | 3.24 M |
EBITDA |
20 M | 25.1 M | 15.6 M | 17.3 M | -1.49 M | 20.1 M | 14.1 M | -98.9 M | 18.2 M | 17.8 M | 13 M | 7.64 M | 11.7 M | 12.4 M | 12.9 M | 15.4 M | 13.8 M | 12.2 M | 510 K | -6.9 M | -1.14 M | -3.32 M | -8.02 M | -97.6 M | -30.5 M | -28.5 M | -48.6 M | -829 K | -525 M | 9.5 M | 13.1 M | -371 M | 12.4 M | -1.27 M | 3.79 M | -16.4 M | -6.99 M | -73.4 M | -14.1 M | -18.4 M | -19.7 M | -46.3 M | -18.4 M | -182 M | 19.1 M | 29.3 M | 47 M | 71.9 M | 83 M | 72.7 M | 68.2 M | 64.2 M | 62.4 M | 52.7 M | 54.7 M | 43.3 M | 67.8 M | 74.9 M | 75.2 M | 50.6 M | 79.7 M | 38 M | 28.3 M |
Operating Expenses |
54.5 M | 50.8 M | 50 M | 48.3 M | 46.3 M | 44.7 M | 49.6 M | 169 M | 56.8 M | 55.1 M | 60.6 M | 47.9 M | 45.4 M | 44.9 M | 45.3 M | 40.6 M | 43.7 M | 42.6 M | 44.3 M | 43.2 M | 42.2 M | 41.8 M | 40.6 M | 45 M | 50.2 M | 47.9 M | 77.5 M | 56.8 M | 596 M | 63 M | 65 M | 423 M | 72.8 M | 84.7 M | 73 M | 73.7 M | 64.8 M | 132 M | 61.1 M | 56.1 M | 55.9 M | 58.4 M | 60.1 M | 194 M | 57.4 M | 66.3 M | 73.5 M | 83.8 M | 82.7 M | 78.1 M | 71.9 M | 67.9 M | 72.2 M | 67.3 M | 65.6 M | 59.4 M | 53.6 M | 53 M | 56.2 M | 63.3 M | 51.7 M | 50.7 M | 36.2 M |
General and Administrative Expenses |
53.3 M | 50.3 M | 50 M | 48.9 M | 50.4 M | 51.2 M | 49.4 M | 54.6 M | 56.3 M | 53.7 M | 54.7 M | 45 M | 45.5 M | 44.4 M | 45.5 M | 48 M | 43.7 M | 43.5 M | 44.3 M | 42.9 M | 42.3 M | 42.2 M | 41.5 M | 43.2 M | 46 M | 48.4 M | 60.2 M | 56.4 M | 63.5 M | 62.9 M | 69 M | 71.6 M | 71.8 M | 71.5 M | 72.1 M | 68 M | 63.2 M | 61.9 M | 60.7 M | 55.4 M | 53.4 M | 58.3 M | 60 M | 67.9 M | 57.2 M | 66.2 M | 73.6 M | 82.7 M | 81.3 M | 77.7 M | 71 M | 67 M | 71.6 M | 65.7 M | 65.4 M | 58.4 M | 55.8 M | 56.2 M | 54.9 M | - | 50.7 M | 42.7 M | 36.2 M |
Quarterly performance
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All numbers in USD currency
The income statement is one of the three key financial reports of a company Forum Energy Technologies (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.