FET · Forum Energy Technologies, Inc.
Price & Indicators
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Metrics snapshot
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AI Brief
Q2 FY26 earnings call · Jul 31, 2026TL;DR. Forum Energy Technologies (FET) reported Q2 2026 revenue of $226 million, up 8% sequentially, with adjusted EBITDA of $32 million (up 39% sequentially), and raised all full-year 2026 guidance metrics, including revenue to $870-$910 million, citing market share gains and a stronger 2030 strategic outlook.
- + Book-to-bill of 104% with strong Subsea and Downhole order momentum.
- + Revenue per rig rose to $129 from $112 a year ago, indicating market share gains, with management crediting roughly half of Q1 high-teens growth to share gains.
- + Net leverage dropped to 1.1x with $8 million of share repurchases in the first half of 2026.
- − International Middle East opportunity is gated by ongoing regional conflict, delaying expected contribution to growth.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.
Versus peers
Oil & Gas Equipment & Services — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
FET
this stock
Forum Energy Technologies, Inc.
|
$936.33M | +125.0% | -3.1% | — | 5.8% |
|
SLB
Slb Limited/Nv
|
$76.49B | +27.0% | +9.5% | 25.1 | 4.1% |
|
BKR
Baker Hughes Co
|
$55.51B | +23.0% | -0.3% | — | 2.5% |
|
TS
Tenaris SA
|
$28.00B | +45.6% | — | — | 0.8% |
|
FTI
TechnipFMC plc
|
$27.84B | +54.4% | +9.4% | 24.7 | 3.2% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| FET | +0.4% | +1.6% | +35.2% | +2.7% | +125.0% |
| SPY | -0.2% | -0.5% | +12.2% | +0.9% | +12.9% |
| vs SPY | +0.6% | +2.0% | +23.1% | +1.8% | +112.2% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.