Forum Energy Technologies Quarterly Income Statement
NYSE: FETConsumer DiscretionaryOil and Gas Field MachineryUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Forum Energy Technologies revenue and earnings
In the quarter ended Mar 31, 2026, Forum Energy Technologies generated $208.7 million in revenue, up 8.0% from the same quarter a year earlier. Net income was $4.5 million (+300.4% year over year), for a net margin of 2.2% versus a median of 0.6% in the prior 5 quarters. Gross margin was 29.2% (down from 30.2%) and operating margin 5.3%.
Diluted earnings per share came in at $0.39, up from $0.09.
Summary generated from market data by MetaCap's automated system. Methodology
Forum Energy Technologies income statement (quarterly)
| Quarter (USD) | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 | Q2 20232023-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 208.70M | 202.20M | 196.23M | 199.76M | 193.28M | 201.02M | 207.81M | 205.21M | 202.39M | 185.21M | 179.25M | 185.45M |
| Revenue growth (YoY) | +7.98% | +0.59% | -5.57% | -2.65% | -4.50% | +8.54% | +15.93% | +10.66% | +7.11% | -2.86% | -1.42% | +7.67% |
| Cost of Revenue | 147.71M | 141.12M | 155.99M | 140.41M | 134.92M | 138.55M | 142.07M | 142.14M | 138.63M | 135.48M | 128.23M | 134.14M |
| Gross Profit | 60.99M | 61.08M | 40.24M | 59.36M | 58.36M | 62.47M | 65.74M | 63.07M | 63.76M | 49.72M | 51.02M | 51.31M |
| Operating Expenses | 49.99M | 48.32M | 46.34M | 44.67M | 49.56M | 169.28M | 56.82M | 55.14M | 60.56M | 47.94M | 45.35M | 44.90M |
| Selling, General & Admin | 50.01M | 48.89M | 50.45M | 51.19M | 49.38M | 54.64M | 56.33M | 53.69M | 54.67M | 45.02M | 45.50M | 44.36M |
| Operating Income | 11.01M | 12.76M | -6.11M | 14.68M | 8.80M | -106.82M | 8.92M | 7.93M | 3.20M | 1.79M | 5.67M | 6.41M |
| Other Income (Expense) | -3.62M | -4.50M | -4.37M | -764.00K | -3.92M | -424.00K | -19.12M | -12.13M | -9.99M | -13.66M | 3.77M | -11.13M |
| Pretax Income | 7.39M | 8.26M | -10.48M | 13.92M | 4.89M | -107.24M | -10.20M | -4.19M | -6.79M | -11.87M | 9.45M | -4.72M |
| Income Tax | 2.90M | 6.19M | 10.07M | 6.22M | 3.77M | -3.74M | 4.61M | 2.50M | 3.53M | 4.91M | 1.48M | 1.86M |
| Net Income | 4.49M | 2.07M | -20.55M | 7.70M | 1.12M | -103.50M | -14.81M | -6.70M | -10.31M | -16.78M | 7.97M | -6.58M |
| Net Income growth (YoY) | +300.36% | — | — | — | — | — | -285.91% | — | — | — | -51.64% | -171.02% |
| EPS (Basic) | 0.40 | 0.24 | -1.76 | 0.62 | 0.09 | -8.41 | -1.20 | -0.54 | -0.85 | -1.65 | 0.78 | -0.64 |
| EPS (Diluted) | 0.39 | 0.25 | -1.76 | 0.61 | 0.09 | -8.41 | -1.20 | -0.54 | -0.85 | -1.64 | 0.77 | -0.64 |
| Shares Outstanding (Basic) | 11.21M | — | 11.68M | 12.35M | 12.30M | — | 12.33M | 12.33M | 12.20M | — | 10.23M | 10.21M |
| Shares Outstanding (Diluted) | 11.64M | — | 11.68M | 12.55M | 12.57M | — | 12.33M | 12.33M | 12.20M | — | 10.39M | 10.21M |
| EBITDA | 14.19M | 16.03M | -2.86M | 18.30M | 12.49M | -102.58M | 13.35M | 12.09M | 7.27M | 4.67M | 8.56M | 8.86M |
| Gross Margin | 29.22% | 30.21% | 20.50% | 29.71% | 30.20% | 31.07% | 31.63% | 30.74% | 31.50% | 26.85% | 28.46% | 27.67% |
| Operating Margin | 5.27% | 6.31% | -3.11% | 7.35% | 4.56% | -53.14% | 4.29% | 3.87% | 1.58% | 96.00% | 3.16% | 3.45% |
| Net Margin | 2.15% | 102.00% | -10.47% | 3.85% | 58.00% | -51.49% | -7.13% | -3.26% | -5.10% | -9.06% | 4.45% | -3.55% |
This table shows 12 quarterly periods of Forum Energy Technologies's income statement, from Q1 2026 back to Q2 2023, across 19 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow FET's reporting calendar. What is a income statement?