Forum Energy Technologies (FET)
Manufactures drilling, completion, artificial-lift, and downhole equipment for energy operators.
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Manufactures oilfield and adjacent energy equipment across Drilling and Completions and Artificial Lift and Downhole. Revenue is roughly split between U.S. and international markets, and demand follows oil-and-gas customer capital spending and equipment-replenishment cycles.
Builds products and solutions for oilfield and adjacent energy customers, organized into Drilling and Completions and Artificial Lift and Downhole. The portfolio covers drilling, subsea, coiled tubing, stimulation, intervention, artificial-lift, production-equipment, downhole, and valve applications.
Serves oil and natural-gas operators, drilling contractors, oilfield-service companies, pipeline and refinery operators, and renewable or new-energy customers. Revenue is roughly half U.S. and half international, with Canada, the Middle East, Europe and Africa, Asia-Pacific, and Latin America also contributing.
Execution centers on manufacturing specialized equipment, consumable products, pressure-control tools, coiled-tubing strings, and sand- and flow-control downhole technology. Demand depends on customer capital spending, commodity-price expectations, and oilfield-service companies replenishing parts or investing in equipment.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $33.7M · Total debt $227.5M · Total assets $770.7M · Shareholders' equity $289.8M
- Revenue
- $226.2M
- Operating income
- $20.5M
- Net income
- $12.4M
No dividends on record.
| Institutions | ≈ 86.81% | 9.76M shares | |
|---|---|---|---|
| 164 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 9.51% | 1.07M shares | |
| 16 holders · as of Aug 21, 2026 | |||
| Strategic holders | 0.21% | 23.1K shares | |
| 1 holder · as of Mar 7, 2025 | |||
| Other | ≈ 3.47% | 391.3K shares | |
| remainder | |||
11.25M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 8.46% | 950,933 | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 5.82% | 653,990 | as of Jun 30, 2026 |
State Street CorpInstitution | 5.34% | 601,047 | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.14% | 465,470 | as of Jun 30, 2026 |
Acadian Asset Management LLCInstitution | 4.04% | 454,129 | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 20, 2026 | David Lyle Jr. Williams | officer: EVP, CFO | −20,068 | $78.13 |
| Aug 14, 2026 | Michael Dewayne Danford | officer: SVP & CHO | −1,200 | $85.82 |
| Aug 11, 2026 | John C. Ivascu | officer: EVP, General Counsel & CCO | −5,000 | $81.22 |
| Aug 10, 2026 | Michael Dewayne Danford | officer: SVP & CHO | −1,500 | $78.91 |
| Aug 3, 2026 | John C. Ivascu | officer: EVP, General Counsel & CCO | −5,000 | $70.63 |
- NOV
Broad oilfield equipment overlap across drilling, completions, and production
- Weatherford International
Overlaps in well construction, completions, intervention, and lift
- Halliburton
Major completions, stimulation, artificial-lift, and drilling rival
- Baker Hughes
Competes across OFSE, artificial lift, subsea, and pressure systems
- SLB
Global rival in well construction, intervention, lift, and subsea
- TechnipFMC
Subsea and surface systems overlap with offshore product lines
- Oceaneering International
ROV, subsea tooling, and manufactured-products specialist
- Oil States International
Offshore products, completion services, and downhole tools peer
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Forum Energy Technologies | $82.17 | +1.62% | $914.1M | — | 17.2 | 1.1 | +13.2% |
| NOV | $20.41 | +1.27% | $7.18B | 77.5 | 19.1 | 0.8 | −2.5% |
| Weatherford International | $84.89 | +3.28% | $5.89B | 16.2 | 14.0 | 1.2 | −8.2% |
| Halliburton | $33.06 | −1.00% | $27.89B | 17.5 | 13.0 | 1.2 | +3.7% |
| Baker Hughes | $57.10 | −1.27% | $57.41B | 18.6 | 21.3 | 2.1 | −2.4% |
| SLB | $52.49 | +1.41% | $76.82B | 25.2 | 18.5 | 2.1 | +5.0% |
| TechnipFMC | $71.54 | +0.32% | $27.97B | 24.8 | 20.9 | 2.7 | +9.0% |
| Oceaneering International | $46.15 | +0.47% | $4.57B | 13.2 | 21.3 | 1.6 | +10.0% |
| Oil States International | $8.32 | +0.06% | $500.2M | — | 14.9 | 0.8 | −5.3% |
| Median | 18.6 | 18.8 | 1.4 | +0.6% |