Forum Energy Technologies, Inc. (FET) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
Loading revenue history...
FET Revenue Growth
Revenue Breakdown (FY 2023)
FET's revenue distribution by segment and geography for fiscal year 2023
By Product/Segment
By Geography
FET Revenue Analysis (2014–2025)
As of May 8, 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.
Looking at the longer-term picture, FET's 5-year compound annual growth rate (CAGR) stands at +9.1%, indicating steady revenue expansion. The company achieved its highest annual revenue of $1.74 billion in 2014.
Revenue diversification analysis shows FET's business is primarily driven by Drilling And Downhole (44%), Completions (36%), and Production and Infrastructure (20%).
When 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 terms of 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 | +15.0% | +22.1% | 3.5% | |
 NCSM | $185M | +6.5% | +11.5% | 6.4% |
FET Historical Revenue Data (2014–2025)
| 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% |
See FET's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs FET Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare FET vs XOM
Side-by-side business, growth, and profitability comparison vs Exxon Mobil Corporation.
Start ComparisonFET — Frequently Asked Questions
Quick answers to the most common questions about buying FET stock.
Is FET's revenue growth accelerating or slowing?
FET maintains +8.0% revenue growth, in line with its 5-year CAGR of +9.1%. TTM revenue stands at $807M. Growth rate remains consistent with historical average.
What is FET's long-term revenue growth rate?
Forum Energy Technologies, Inc.'s 5-year revenue CAGR of +9.1% reflects the sustained expansion pattern. Current YoY growth of +8.0% is near this long-term average.
How is FET's revenue distributed by segment?
FET reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.