Forum Energy Technologies, Inc. (FET)
NYSEEnergyOil & Gas Equipment & ServicesSnapshot 2026-09-04
$80.29-1.93%
Close 2026-09-04 · 1-day change
NYSEEnergyOil & Gas Equipment & ServicesSnapshot 2026-09-04
QuarterlyIQ Insights · FET
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Grow full year 2026 revenue to between $870 million and $910 million, reflecting market share gains and backlog conversion.
Stated as a priority in 2 of last 2 quarters. Revenue grew from $393 million in first half 2025 to $435 million in first half 2026. Management raised full year 2026 revenue guidance from $800-$880 million in Q1 to $870-$910 million in Q2, reflecting delivering growth and market share gains.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Energy names rated strong grew net income 53% of the time over the next year (vs 58% for the rest of the cohort, n=1735).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“Raising all guidance metrics for full year 2026, including revenue of $870 to $910 million.”
“2026 revenue guidance range $800 to $880 million, up 6%.”
Raise full year 2026 adjusted EBITDA guidance to a range of $90 million to $110 million, targeting margin expansion and operational efficiency.
Stated as a priority in 2 of last 2 quarters. Adjusted EBITDA guidance was raised from $90-$110 million in Q1 to $115-$125 million in Q2 2026. This follows growth from 2025 results, showing management is delivering margin expansion and operational improvements.
“Raising all guidance metrics for full year 2026, including adjusted EBITDA of $115 to $125 million.”
“Raising mid-point of full year 2026 adjusted EBITDA guidance to $103 million.”
Target full year 2026 free cash flow between $55 million and $75 million to support capital allocation and leverage reduction.
Stated as a priority in 3 of last 3 quarters. Free cash flow guidance was raised from $55-$75 million in Q1 to $57-$77 million in Q2 2026. Actual free cash flow for first half 2026 was $14.1 million, indicating progress but still early in the year to fully deliver the annual target.
“Raising full year 2026 free cash flow guidance to $57 to $77 million.”
“Full year 2026 free cash flow guidance $55 to $75 million.”
“2025 free cash flow guidance raised to $60 to $80 million.”
Continue growing revenue to achieve the full-year 2026 guidance range of $800 to $880 million.
Over the trailing year it converted -1.27x of net income into operating cash flow.
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, long-term interest rates, real (inflation-adjusted) rates, Fed net liquidity (low R² over the window).
12 material management or governance events in the past 24 months, led by executive changes. Historically, Energy names rated neutral grew net income 58% of the time over the next year (vs 56% for the rest of the cohort, n=807).
Not investment advice. As of 2026-09-04.