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
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 recently climbed back into the top half of its industry — confirming the recovery.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 7.3% |
| Our one-year growth estimate | diamond | 10.5% |
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 2026-09-04.
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 3.2 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-09-04 · Compared with 32 industry peers
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: Strong free cash flow helps with spending and paying shareholders.
Supportive ifFree cash flow reported at $15 million or higher for Q3.
Worry ifFree cash flow reported below $15 million for Q3.
Why it matters: Achieving this target shows FET's ability to grow in a challenging market. It indicates strong demand for their products.
Supportive ifRevenue reported at or above $800 million for 2026.
Worry ifRevenue reported below $800 million for 2026.
Why it matters: Earnings results show how well the company is doing. They reflect its financial and operational health.
Watch forEarnings report shows better margins or profit numbers.
Also watch forEarnings report shows ongoing losses or lower margins.
Why it matters: Hitting or beating this guidance shows strong demand. It also shows good growth plans.
Supportive ifQ3 revenue reported at $225 million or higher.
Worry ifQ3 revenue reported below $225 million.
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 | ±$151 on $10,000 · ±1.5% | How much price usually moves either way. |
| Bad day | $490 loss on $10,000 · 4.9% | 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: This target is key for FET's financial health. It shows if the company can manage costs and generate cash.
Supportive ifFree cash flow reported at or above $55 million for 2026.
Worry ifFree cash flow reported below $55 million for 2026.
Why it matters: A growing backlog indicates strong future demand for FET's products. It reflects the effectiveness of their strategy.
Supportive ifBacklog reported to grow more than 44% year over year.
Worry ifBacklog reported to grow less than 44% year over year.
Why it matters: Reaching this number shows good performance. It also means better profit margins.
Supportive ifAdjusted EBITDA was $31 million or more for Q3.
Worry ifAdjusted EBITDA was less than $31 million for Q3.
Why it matters: Growing market share shows the company is strong and products are in demand.
Supportive ifMarket share growth reported above 13% in the Drilling and Completions segment.
Worry ifMarket share growth reported below 13% in the Drilling and Completions segment.
Why it matters: Growing market share shows the company is strong. It means there is demand for its products.
Supportive ifMarket share growth exceeds 13% in Q3.
Worry ifMarket share growth falls below 10% in Q3.