Forum Energy Technologies, Inc. (FET)

Forum Energy Technologies Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	801.87	816.43	738.86	699.91	541.07	512.48
Revenue Growth (YoY)	3.86%	10.50%	5.56%	29.36%	5.58%	-46.42%
Cost of Revenue	555.95	561.39	534.71	511.39	417.73	512.7
Gross Profit	245.92	255.03	204.15	188.53	123.34	-0.22
Selling, General & Admin	211.54	219.33	180.39	179.47	168.89	193.18
Operating Expenses	211.54	219.33	180.39	179.47	168.89	193.18
Operating Income	34.38	35.71	23.76	9.06	-45.55	-193.4
Interest Expense	-23.76	-31.49	-18.3	-31.53	-32.01	-32.53
Currency Exchange Gain (Loss)	1.93	-7.32	-10.23	24.55	-0.22	-6.47
EBT Excluding Unusual Items	12.55	-3.1	-4.77	2.08	-77.77	-232.4
Merger & Restructuring Charges	-0.81	-7.73	-2.89	-	-	-
Gain (Loss) on Sale of Assets	11.14	4.38	-0.16	8.27	1.05	85.84
Asset Writedown	-119.12	-119.12	-	-	-	-35.69
Other Unusual Items	-2.39	-2.85	-	-	-5.29	72.48
Pretax Income	-98.64	-128.43	-7.81	10.35	-82.01	-109.77
Income Tax Expense	10.86	6.9	11.06	6.64	0.64	-12.88
Earnings From Continuing Operations	-109.49	-135.33	-18.88	3.71	-82.65	-96.89
Net Income	-109.49	-135.33	-18.88	3.71	-82.65	-96.89
Net Income to Common	-109.49	-135.33	-18.88	3.71	-82.65	-96.89
Shares Outstanding (Basic)	12	12	10	6	6	6
Shares Outstanding (Diluted)	12	12	10	6	6	6
Shares Change (YoY)	9.62%	20.44%	71.60%	5.46%	1.18%	1.31%
EPS (Basic)	-8.88	-11.00	-1.85	0.65	-14.65	-17.37
EPS (Diluted)	-8.88	-11.00	-1.85	0.62	-14.65	-17.37
Free Cash Flow	82.42	84.05	0.24	-24.55	-18.17	1.64
Free Cash Flow Per Share	6.68	6.83	0.02	-4.13	-3.22	0.29
Gross Margin	30.67%	31.24%	27.63%	26.94%	22.80%	-0.04%
Operating Margin	4.29%	4.37%	3.22%	1.29%	-8.42%	-37.74%
Profit Margin	-13.66%	-16.57%	-2.56%	0.53%	-15.28%	-18.91%
Free Cash Flow Margin	10.28%	10.29%	0.03%	-3.51%	-3.36%	0.32%
EBITDA	78.28	89.43	58.49	46.03	-3.37	-142.4
EBITDA Margin	9.76%	10.95%	7.92%	6.58%	-0.62%	-27.79%
D&A For EBITDA	43.9	53.72	34.73	36.98	42.18	51
EBIT	34.38	35.71	23.76	9.06	-45.55	-193.4
EBIT Margin	4.29%	4.37%	3.22%	1.29%	-8.42%	-37.74%
Effective Tax Rate	-	-	-	64.13%	-	-

Updated May 2, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q