Last 48 quarters of trend data · Energy · Oil & Gas Equipment & Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Forum Energy Technologies, Inc.'s quarterly P/E stands at 37.6x, down 33.2% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has expanded 10.7% YoY to 16.7x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -63.60 | 37.60 | 54.34 | — | 7.98 | 56.30 | — | — | — | — | — | 7.80 | — |
| — | -33.2% | — | — | — | — | — | — | — | — | — | +129.1% | — | |
| P/S Ratio | 0.74 | 0.82 | 0.55 | 0.41 | 0.31 | 0.33 | 0.24 | 0.23 | 0.25 | 0.30 | 0.31 | 0.35 | 0.35 |
| — | +150.2% | +133.0% | +79.7% | +20.8% | +8.6% | -22.4% | -34.1% | -28.1% | -12.1% | -23.9% | +13.0% | +18.0% | |
| P/B Ratio | 2.10 | 2.43 | 1.53 | 1.09 | 0.73 | 0.79 | 0.60 | 0.43 | 0.47 | 0.55 | 0.55 | 0.60 | 0.62 |
| — | +208.1% | +157.5% | +153.1% | +55.5% | +44.5% | +8.7% | -28.2% | -24.5% | -12.0% | -45.0% | -19.2% | -6.5% | |
| P/FCF | 9.06 | 69.40 | 5.35 | 3.77 | 3.77 | 8.76 | 1.32 | 1.96 | 2.41 | 28.84 | 6.41 | 2.63 | — |
| — | +692.5% | +305.4% | +91.8% | +56.1% | -69.6% | -79.4% | -25.4% | — | — | +3.8% | -19.2% | — | |
| EV / EBITDA | 14.76 | 16.66 | 8.18 | 73.55 | 4.68 | 15.05 | — | 4.94 | 5.54 | 7.96 | 7.12 | 6.93 | 7.36 |
| — | +10.7% | — | +1388.5% | -15.4% | +89.0% | — | -28.7% | -24.8% | +14.5% | -45.0% | -3.4% | -10.4% | |
| EV / EBIT | 40.81 | — | 12.85 | — | 5.97 | 11.71 | — | — | 27.24 | 68.76 | — | 7.25 | — |
| — | — | — | — | -78.1% | -83.0% | — | — | — | +148.5% | — | -53.8% | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Forum Energy Technologies, Inc.'s operating margin was 5.3% in Q1 2026, up 4.4 pp QoQ and up 0.7 pp YoY. This marks the 3rd consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 2.6% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 3.2% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 27.7% | 29.2% | 30.2% | 20.5% | 29.7% | 30.2% | 31.1% | 31.6% | 30.7% | 31.5% | 26.8% | 28.5% | 27.7% |
| — | -3.2% | -2.8% | -35.2% | -3.3% | -4.2% | +15.8% | +11.1% | +11.1% | +14.2% | +2.4% | +0.8% | -1.9% | |
| Operating Margin | 2.4% | 5.3% | 0.9% | -3.1% | 7.4% | 4.6% | -53.1% | 4.3% | 3.9% | 1.6% | 2.5% | 3.2% | 3.5% |
| — | +15.8% | +101.6% | -172.5% | +90.1% | +188.1% | -2193.7% | +35.6% | +11.9% | -56.4% | +142.0% | -25.3% | +17.2% | |
| Net Margin | -1.2% | 2.2% | 1.0% | -10.5% | 3.9% | 0.6% | -51.5% | -7.1% | -3.3% | -5.1% | -9.1% | 4.4% | -3.5% |
| — | +270.8% | +102.0% | -46.9% | +218.1% | +111.4% | -467.6% | -260.4% | +8.0% | -176.2% | -35.1% | -50.9% | -166.0% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -3.2% | 1.6% | 0.7% | -6.5% | 2.4% | 0.4% | -27.1% | -3.3% | -1.5% | -2.4% | -4.0% | 1.9% | -1.6% |
| — | +348.0% | +102.6% | -94.5% | +256.1% | +114.6% | -569.6% | -275.6% | +4.2% | -149.4% | +3.6% | -64.7% | -152.9% | |
| ROA | -1.2% | 0.6% | 0.3% | -2.6% | 1.0% | 0.1% | -11.6% | -1.5% | -0.7% | -1.1% | -2.0% | 1.0% | -0.8% |
| — | +324.3% | +102.4% | -71.2% | +243.6% | +112.5% | -468.0% | -259.4% | +13.7% | -170.6% | -29.3% | -53.8% | -167.0% | |
| ROIC | 2.8% | 2.0% | 0.3% | -0.9% | 2.1% | 1.2% | -12.8% | 0.9% | 0.8% | 0.4% | 0.6% | 0.7% | 0.8% |
| — | +64.6% | +102.1% | -194.8% | +154.5% | +234.8% | -2176.6% | +29.4% | +0.0% | -59.2% | +130.7% | -28.2% | +21.8% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Forum Energy Technologies, Inc.'s Debt/EBITDA ratio is 8.0x, down from 11.8x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 9.5% YoY to 2.23x, tightening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.80 | 0.31 | 0.80 | 0.76 | 0.72 | 0.76 | 0.85 | 0.65 | 0.70 | 0.78 | 0.49 | 0.46 | 0.48 |
| — | -58.6% | -6.6% | +16.1% | +2.1% | -2.8% | +74.6% | +41.6% | +45.7% | +49.4% | -50.8% | -49.5% | -50.4% | |
| Debt / EBITDA | 4.38 | 7.98 | 11.78 | 128.15 | 10.08 | 31.43 | — | 12.81 | 14.13 | 20.39 | 15.03 | 13.17 | 13.58 |
| — | -74.6% | — | +900.8% | -28.7% | +54.1% | — | -2.7% | +4.1% | +44.8% | -46.7% | -20.1% | -34.1% | |
| Current Ratio | 2.17 | 2.23 | 2.17 | 2.19 | 2.41 | 2.46 | 2.46 | 1.93 | 2.69 | 2.83 | 2.59 | 2.55 | 2.56 |
| — | -9.5% | -11.5% | +13.4% | -10.2% | -13.2% | -5.3% | -24.2% | +5.0% | +7.4% | +6.3% | +5.1% | -2.9% | |
| Quick Ratio | 1.01 | 1.09 | 1.01 | 1.01 | 1.13 | 1.10 | 1.14 | 0.87 | 1.19 | 1.26 | 1.13 | 1.10 | 1.12 |
| — | -1.1% | -11.0% | +15.2% | -5.1% | -12.5% | +1.3% | -20.5% | +6.1% | +3.1% | -2.6% | +4.3% | -3.7% | |
| Interest Coverage | 1.91 | 2.66 | 2.94 | -1.40 | 3.96 | 1.99 | -15.70 | -0.33 | 0.52 | 0.23 | -1.60 | 3.10 | -0.01 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying FET stock.
Forum Energy Technologies, Inc.'s current P/E is -63.6x. The average P/E over the last 3 quarters is 33.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Forum Energy Technologies, Inc.'s current operating margin is 2.4%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Forum Energy Technologies, Inc.'s business trajectory between earnings reports.