Forum Energy Technologies, Inc. (FET) Revenue History
Annual and quarterly revenue from 2009 to present
FET Revenue Over Time (2009–2025)
FET Revenue Growth History
11 of 16 years with positive growth- FY2009 revenue growth
- N/A
- FY2010 revenue growth
- +10.3%
- FY2011 revenue growth
- +51.0%
- FY2012 revenue growth
- +25.4%
- FY2013 revenue growth
- +7.8%
- FY2014 revenue growth
- +14.1%
- FY2015 revenue growth
- -38.3%
- FY2016 revenue growth
- -45.3%
- FY2017 revenue growth
- +39.3%
- FY2018 revenue growth
- +30.0%
- FY2019 revenue growth
- -10.1%
- FY2020 revenue growth
- -46.4%
- FY2021 revenue growth
- +5.6%
- FY2022 revenue growth
- +29.3%
- FY2023 revenue growth
- +5.6%
- FY2024 revenue growth
- +10.5%
- FY2025 revenue growth
- -3.1%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $208.7M | +8.0% |
| Q4 2025 | $202.2M | +0.6% |
| Q3 2025 | $196.2M | -5.6% |
| Q2 2025 | $199.8M | -2.7% |
| Q1 2025 | $193.3M | -4.5% |
| Q4 2024 | $201.0M | +8.5% |
| Q3 2024 | $207.8M | +15.9% |
| Q2 2024 | $205.2M | +10.7% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2023)
FET's revenue distribution by segment and geography for fiscal year 2023
By Product/Segment
By Geography
FET Revenue Analysis (2009–2025)
Current Revenue & Growth
As of June 22, 2026, Forum Energy Technologies, Inc. (FET) generated trailing twelve-month (TTM) revenue of $806.9 million, reflecting solid growth of +8.0% year-over-year. The most recent quarter (Q1 2026) recorded $208.7 million in revenue, up 3.2% sequentially.
Historical Growth Trajectory
FET's 5-year compound annual growth rate (CAGR) stands at +9.1%, indicating steady revenue expansion. The 3-year CAGR of +4.2% is below the 5-year average, signalling a growth deceleration in recent years. Forum Energy Technologies, Inc.'s highest annual revenue of $1.74 billion was recorded in 2014.
Revenue by Segment
FET's revenue is primarily driven by Drilling And Downhole (44%), Completions (36%), and Production and Infrastructure (20%). The diversified mix across segments reduces dependence on any single product line, which can support more resilient revenue in downturns.
Peer Comparison
Compared to Energy sector peers — including DNOW (+41.3% YoY), WTTR (-4.2% YoY), and NOV (-1.4% YoY) — FET has underperformed the peer group in revenue growth. Compare FET vs DNOW →
FET Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| FETCurrent | $807M | +8.0% | +9.1% | 2.4% | |
 DNOW | $2.8B | +41.3% | +11.7% | -2.9% | |
 WTTR | $1.4B | -4.2% | +18.4% | 2.5% | |
 NOV | $8.7B | -1.4% | +7.5% | 6.5% | |
 RES | $1.6B | +27.6% | +22.1% | 3.5% | |
 NCSM | $185M | +6.5% | +11.5% | 6.4% |
FET Historical Revenue Data (2009–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $791.5M | -3.1% | $219.0M | 27.7% | $19.1M | 2.4% |
| 2024 | $816.4M | +10.5% | $255.0M | 31.2% | $-86,767,000 | -10.6% |
| 2023 | $738.9M | +5.6% | $204.2M | 27.6% | $20.7M | 2.8% |
| 2022 | $699.9M | +29.3% | $188.5M | 26.9% | $17.3M | 2.5% |
| 2021 | $541.1M | +5.6% | $123.3M | 22.8% | $-45,600,000 | -8.4% |
| 2020 | $512.5M | -46.4% | $-11,000,000 | -2.1% | $-231,600,000 | -45.2% |
| 2019 | $956.5M | -10.1% | $244.9M | 25.6% | $-536,146,000 | -56.1% |
| 2018 | $1.06B | +30.0% | $256.4M | 24.1% | $-396,998,000 | -37.3% |
| 2017 | $818.6M | +39.3% | $188.8M | 23.1% | $-141,600,000 | -17.3% |
| 2016 | $587.6M | -45.3% | $99.7M | 17.0% | $-129,000,000 | -22.0% |
| 2015 | $1.07B | -38.3% | $262.7M | 24.5% | $-113,700,000 | -10.6% |
| 2014 | $1.74B | +14.1% | $559.4M | 32.2% | $268.0M | 15.4% |
| 2013 | $1.52B | +7.8% | $475.2M | 31.2% | $209.6M | 13.7% |
| 2012 | $1.41B | +25.4% | $463.0M | 32.7% | $240.9M | 17.0% |
| 2011 | $1.13B | +51.0% | $362.5M | 32.1% | $160.6M | 14.2% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
17+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
FET — Frequently Asked Questions
Quick answers to the most common questions about buying FET stock.
Is FET's revenue growth accelerating or slowing?
FET revenue growth is holding steady at +8.0% year-over-year. TTM revenue is $807M. The current growth rate closely tracks the 5-year CAGR of +9.1%, signalling consistent execution.
What is FET's revenue history from 2009 to 2026?
Forum Energy Technologies, Inc. (FET) revenue history spans 2009 to 2026. TTM revenue as of 2026 is $807M, growing at +8.0% YoY. The 5-year CAGR is +9.1%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is FET's long-term revenue growth rate (CAGR)?
Forum Energy Technologies, Inc.'s 5-year revenue CAGR of +9.1% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +8.0% is in line with this long-term average. CAGR is the most reliable measure of sustained revenue momentum for FET.
Why does FET's quarterly revenue fluctuate?
FET quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Forum Energy Technologies, Inc.'s revenue data from 2009 to 2026 shows full historical quarterly detail on this page.
How is FET's revenue distributed by segment?
FET reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does FET's revenue compare to industry peers?
Forum Energy Technologies, Inc. (FET) with TTM revenue of $807M and +8.0% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.