FORUM ENERGY TECHNOLOGIES IN (FET) Stock Fundamental Analysis

NYSE:FET • US34984V2097

48.58 USD
-0.59 (-1.2%)
At close: Feb 12, 2026
48.01 USD
-0.57 (-1.17%)
After Hours: 2/12/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to FET. FET was compared to 60 industry peers in the Energy Equipment & Services industry. While FET seems to be doing ok healthwise, there are quite some concerns on its profitability. FET has a valuation in line with the averages, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

2

1. Profitability

1.1 Basic Checks

  • In the past year FET has reported negative net income.
  • In the past year FET had a positive cash flow from operations.
  • In the past 5 years FET reported 4 times negative net income.
  • The reported operating cash flow has been mixed in the past 5 years: FET reported negative operating cash flow in multiple years.
FET Yearly Net Income VS EBIT VS OCF VS FCFFET Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -200M -400M

1.2 Ratios

  • Looking at the Return On Assets, with a value of -14.96%, FET is doing worse than 88.33% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of -38.76%, FET is doing worse than 88.33% of the companies in the same industry.
  • FET's Return On Invested Capital of 2.08% is on the low side compared to the rest of the industry. FET is outperformed by 66.67% of its industry peers.
  • FET had an Average Return On Invested Capital over the past 3 years of 3.27%. This is significantly below the industry average of 12.98%.
Industry RankSector Rank
ROA -14.96%
ROE -38.76%
ROIC 2.08%
ROA(3y)-6.15%
ROA(5y)-7.96%
ROE(3y)-15.22%
ROE(5y)-18.93%
ROIC(3y)3.27%
ROIC(5y)N/A
FET Yearly ROA, ROE, ROICFET Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -20 -40 -60 -80 -100

1.3 Margins

  • FET has a worse Operating Margin (1.87%) than 75.00% of its industry peers.
  • FET has a better Gross Margin (27.89%) than 63.33% of its industry peers.
  • In the last couple of years the Gross Margin of FET has grown nicely.
Industry RankSector Rank
OM 1.87%
PM (TTM) N/A
GM 27.89%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y9.14%
GM growth 5Y4.28%
FET Yearly Profit, Operating, Gross MarginsFET Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 -40

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FET is destroying value.
  • Compared to 1 year ago, FET has more shares outstanding
  • The number of shares outstanding for FET has been increased compared to 5 years ago.
  • FET has a worse debt/assets ratio than last year.
FET Yearly Shares OutstandingFET Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M 10M
FET Yearly Total Debt VS Total AssetsFET Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

2.2 Solvency

  • Based on the Altman-Z score of 0.65, we must say that FET is in the distress zone and has some risk of bankruptcy.
  • With a Altman-Z score value of 0.65, FET is not doing good in the industry: 73.33% of the companies in the same industry are doing better.
  • The Debt to FCF ratio of FET is 1.76, which is an excellent value as it means it would take FET, only 1.76 years of fcf income to pay off all of its debts.
  • FET has a Debt to FCF ratio of 1.76. This is in the better half of the industry: FET outperforms 76.67% of its industry peers.
  • FET has a Debt/Equity ratio of 0.47. This is a healthy value indicating a solid balance between debt and equity.
  • Looking at the Debt to Equity ratio, with a value of 0.47, FET is in line with its industry, outperforming 46.67% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.47
Debt/FCF 1.76
Altman-Z 0.65
ROIC/WACC0.2
WACC10.24%
FET Yearly LT Debt VS Equity VS FCFFET Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B

2.3 Liquidity

  • FET has a Current Ratio of 2.19. This indicates that FET is financially healthy and has no problem in meeting its short term obligations.
  • With a decent Current ratio value of 2.19, FET is doing good in the industry, outperforming 65.00% of the companies in the same industry.
  • FET has a Quick Ratio of 1.01. This is a normal value and indicates that FET is financially healthy and should not expect problems in meeting its short term obligations.
  • FET has a Quick ratio of 1.01. This is in the lower half of the industry: FET underperforms 73.33% of its industry peers.
Industry RankSector Rank
Current Ratio 2.19
Quick Ratio 1.01
FET Yearly Current Assets VS Current LiabilitesFET Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. Growth

3.1 Past

  • The earnings per share for FET have decreased strongly by -123.29% in the last year.
  • Looking at the last year, FET shows a decrease in Revenue. The Revenue has decreased by -1.29% in the last year.
  • Measured over the past years, FET shows a decrease in Revenue. The Revenue has been decreasing by -3.12% on average per year.
EPS 1Y (TTM)-123.29%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%242.11%
Revenue 1Y (TTM)-1.29%
Revenue growth 3Y14.7%
Revenue growth 5Y-3.12%
Sales Q2Q%-5.57%

3.2 Future

  • FET is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 91.32% yearly.
  • The Revenue is expected to grow by 1.77% on average over the next years.
EPS Next Y164.59%
EPS Next 2Y97.99%
EPS Next 3Y91.32%
EPS Next 5YN/A
Revenue Next Year-4.57%
Revenue Next 2Y-0.98%
Revenue Next 3Y1.36%
Revenue Next 5Y1.77%

3.3 Evolution

  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
FET Yearly Revenue VS EstimatesFET Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 200M 400M 600M 800M 1B
FET Yearly EPS VS EstimatesFET Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2024 2025 2026 2027 0 -10 -20

More info and screens

Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings Ratio is negative for FET. In the last year negative earnings were reported.
  • Based on the Price/Forward Earnings ratio of 29.42, the valuation of FET can be described as expensive.
  • FET's Price/Forward Earnings is on the same level as the industry average.
  • When comparing the Price/Forward Earnings ratio of FET to the average of the S&P500 Index (27.69), we can say FET is valued inline with the index average.
Industry RankSector Rank
PE N/A
Fwd PE 29.42
FET Price Earnings VS Forward Price EarningsFET Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 50 -50 -100 -150

4.2 Price Multiples

  • 71.67% of the companies in the same industry are cheaper than FET, based on the Enterprise Value to EBITDA ratio.
  • FET's Price/Free Cash Flow ratio is rather cheap when compared to the industry. FET is cheaper than 95.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 6.94
EV/EBITDA 12.64
FET Per share dataFET EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60

4.3 Compensation for Growth

  • FET's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • FET's earnings are expected to grow with 91.32% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y97.99%
EPS Next 3Y91.32%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • FET does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

FORUM ENERGY TECHNOLOGIES IN

NYSE:FET (2/12/2026, 8:04:00 PM)

After market: 48.01 -0.57 (-1.17%)

48.58

-0.59 (-1.2%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)10-30
Earnings (Next)02-19
Inst Owners71.12%
Inst Owner Change-1.45%
Ins Owners4.35%
Ins Owner Change0.09%
Market Cap552.84M
Revenue(TTM)790.29M
Net Income(TTM)-115.23M
Analysts45
Price Target36.72 (-24.41%)
Short Float %1.72%
Short Ratio1.25
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-70.9%
Min EPS beat(2)-182.51%
Max EPS beat(2)40.7%
EPS beat(4)1
Avg EPS beat(4)-297.74%
Min EPS beat(4)-964.09%
Max EPS beat(4)40.7%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)1.95%
Min Revenue beat(2)-0.03%
Max Revenue beat(2)3.93%
Revenue beat(4)1
Avg Revenue beat(4)-0.02%
Min Revenue beat(4)-2.58%
Max Revenue beat(4)3.93%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)16.13%
EPS NQ rev (1m)0%
EPS NQ rev (3m)24.14%
EPS NY rev (1m)0%
EPS NY rev (3m)8.91%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.9%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.72%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 29.42
P/S 0.7
P/FCF 6.94
P/OCF 6.39
P/B 1.86
P/tB 4.06
EV/EBITDA 12.64
EPS(TTM)-0.27
EYN/A
EPS(NY)1.65
Fwd EY3.4%
FCF(TTM)7
FCFY14.4%
OCF(TTM)7.6
OCFY15.64%
SpS69.45
BVpS26.13
TBVpS11.98
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -14.96%
ROE -38.76%
ROCE 2.63%
ROIC 2.08%
ROICexc 2.21%
ROICexgc 3.17%
OM 1.87%
PM (TTM) N/A
GM 27.89%
FCFM 10.07%
ROA(3y)-6.15%
ROA(5y)-7.96%
ROE(3y)-15.22%
ROE(5y)-18.93%
ROIC(3y)3.27%
ROIC(5y)N/A
ROICexc(3y)3.54%
ROICexc(5y)N/A
ROICexgc(3y)5.08%
ROICexgc(5y)N/A
ROCE(3y)4.15%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y9.14%
GM growth 5Y4.28%
F-Score5
Asset Turnover1.03
Health
Industry RankSector Rank
Debt/Equity 0.47
Debt/FCF 1.76
Debt/EBITDA 2.62
Cap/Depr 18.02%
Cap/Sales 0.87%
Interest Coverage 250
Cash Conversion 163.68%
Profit Quality N/A
Current Ratio 2.19
Quick Ratio 1.01
Altman-Z 0.65
F-Score5
WACC10.24%
ROIC/WACC0.2
Cap/Depr(3y)19.45%
Cap/Depr(5y)13.67%
Cap/Sales(3y)1.05%
Cap/Sales(5y)0.8%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-123.29%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%242.11%
EPS Next Y164.59%
EPS Next 2Y97.99%
EPS Next 3Y91.32%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.29%
Revenue growth 3Y14.7%
Revenue growth 5Y-3.12%
Sales Q2Q%-5.57%
Revenue Next Year-4.57%
Revenue Next 2Y-0.98%
Revenue Next 3Y1.36%
Revenue Next 5Y1.77%
EBIT growth 1Y-54.7%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year188.15%
EBIT Next 3Y49.28%
EBIT Next 5YN/A
FCF growth 1Y2051.84%
FCF growth 3YN/A
FCF growth 5Y-1.14%
OCF growth 1Y626.73%
OCF growth 3YN/A
OCF growth 5Y-2.4%

FORUM ENERGY TECHNOLOGIES IN / FET FAQ

What is the ChartMill fundamental rating of FORUM ENERGY TECHNOLOGIES IN (FET) stock?

ChartMill assigns a fundamental rating of 3 / 10 to FET.


What is the valuation status of FORUM ENERGY TECHNOLOGIES IN (FET) stock?

ChartMill assigns a valuation rating of 4 / 10 to FORUM ENERGY TECHNOLOGIES IN (FET). This can be considered as Fairly Valued.


How profitable is FORUM ENERGY TECHNOLOGIES IN (FET) stock?

FORUM ENERGY TECHNOLOGIES IN (FET) has a profitability rating of 2 / 10.


Can you provide the financial health for FET stock?

The financial health rating of FORUM ENERGY TECHNOLOGIES IN (FET) is 4 / 10.