The Tip Desk

FORUM ENERGY TECHNOLOGIES, INC.

Company Stats

Market Cap
$910.4M
as of Sep 30, 2026
Enterprise Value
$1.0B
Shares Outstanding
11.2M
Free Float
92.2%

Income Statement

Revenue
$791.5M
Operating Income
$30.1M
Net Income
-$9.7M
EBITDA
$63.9M
Revenue Growth, 3Y
4.2%
FCF Margin, 3Y Avg
6.2%
FCF Margin, Worst Year
0.0%

Cash Flow

Free Cash Flow
$64.4M
FCF Yield
7.1%
Owner FCF Yield
6.1%

Balance Sheet

Cash & Equivalents
$34.7M
Total Debt
$141.3M
Net Debt
$106.6M
Net Debt / EBITDA
1.67x
EV / EBITDA
15.92x
Net Debt / EBIT
3.54x

Returns & Capital

Share Repurchases
$34.6M
Buyback Yield, 3Y Avg
1.5%
SBC, 3Y Avg
$6.9M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$791.5M$64.4M8.1%
FY2024$816.4M$84.0M10.3%
FY2023$738.9M$239,0000.0%
FY2022$699.9M-$24.5M-3.5%
FY2021$541.1M-$18.2M-3.4%

Annual filing data through FY ended December 31, 2025; shares and float as of October 11, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage