Forum Energy Technologies, Inc. (FET)
NYSEEnergyOil & Gas Equipment & ServicesSnapshot 2026-11-04
$73.68-4.22%
Close 2026-11-04 · 1-day change
NYSEEnergyOil & Gas Equipment & ServicesSnapshot 2026-11-04
QuarterlyIQ Insights · FET
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 1.8% |
| Our one-year growth estimate | diamond | 9.9% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-11-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 8.1 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-04 · Compared with 19 industry peers · Company calendar date is not available
FET — debt issuance
Dated 2026-08-28
Other Events. The opinion of Gibson, Dunn & Crutcher LLP, which is filed as Exhibit 5.1 to this Current Report on Form 8-K, was issued in connection with the filing by Forum Energy Technologies, Inc. of the prospectus supplement filed with the U.S. Securities and Exchange Commission on August 28, 2026, forming part of the registration statement on Form S-3 (File No. 333-298624).
Why it matters: FET raised its full-year revenue range to $900 million to $920 million. Q4 revenue above its guided range would support that growth pace.
Supportive ifQ4 2026 revenue tops the $250 million high end of guidance.
Worry ifQ4 revenue falls below $230 million, the low end of guidance.
Why it matters: The sector signal says energy revenue is shrinking, though recent data hints that trend may change. Positive growth would ease that sector headwind for FET.
Watch forThe sector's three-year revenue growth turns above 0%.
Also watch forThe sector's three-year revenue growth stays below 0%.
Why it matters: FET raised its full-year profit guidance after higher margins and cost control. A shortfall could weaken that progress.
Worry ifQ4 adjusted EBITDA is below $33 million, the low end of guidance.
Less concerning ifQ4 adjusted EBITDA reaches or exceeds $39 million, the high end of guidance.
Why it matters: FET reported more than $30 million in Q3 free cash flow and lower net debt. A weak Q4 would test whether that cash gain lasts.
Worry ifQ4 free cash flow is below $25 million, the low end of guidance.
Less concerning ifQ4 free cash flow reaches or exceeds $30 million, the high end of guidance.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$163 on $10,000 · ±1.6% | How much price usually moves either way. |
| Bad day | $499 loss on $10,000 · 5.0% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $2,787 loss on $10,000 · 27.9% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: Net leverage fell to 0.9 times in Q3. Higher debt in the next reported balance sheet would reverse that improvement.
Worry ifReported net debt rises above the September 30, 2026 level, when long-term debt was $126.551 million and cash was $35.169 million.
Less concerning ifReported net debt falls below that level, or net leverage stays at or below 0.9 times.