Forum Energy Technologies, Inc. financial data

Symbol
FET on NYSE
Industry
Oil & Gas Field Machinery & Equipment
Location
10344 Sam Houston Park Drive, Suite 300, Houston, Texas
State of incorporation
Delaware
Fiscal year end
December 31
Former names
FORUM OILFIELD TECHNOLOGIES INC (to 2/11/2008)
Latest financial report
Q1 2024 - May 3, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 263 % +3.86%
Quick Ratio 148 % +7.07%
Debt-to-equity 107 % -26.4%
Return On Equity -0.97 % +96.2%
Return On Assets -2.93 % -354%
Operating Margin 2.27 % -44.2%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 12.3M shares +21%
Entity Public Float 246M USD +170%
Common Stock, Value, Issued 130K USD +19.3%
Weighted Average Number of Shares Outstanding, Basic 12.2M shares +19.9%
Weighted Average Number of Shares Outstanding, Diluted 12.2M shares +19.9%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 752M USD +2.54%
Operating Income (Loss) 17.1M USD -42.9%
Nonoperating Income (Expense) -31M USD -141%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -13.9M USD -182%
Income Tax Expense (Benefit) 11.8M USD +54.9%
Net Income (Loss) Attributable to Parent -25.7M USD -373%
Earnings Per Share, Basic -2.36 USD/shares -222%
Earnings Per Share, Diluted -2.36 USD/shares -224%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 48.5M USD +3.69%
Accounts Receivable, after Allowance for Credit Loss, Current 162M USD -1.25%
Inventory, Net 303M USD +5.35%
Assets, Current 547M USD +1.86%
Deferred Income Tax Assets, Net 130K USD +31.3%
Property, Plant and Equipment, Net 86.2M USD -10.4%
Operating Lease, Right-of-Use Asset 54.8M USD -3.89%
Intangible Assets, Net (Excluding Goodwill) 261M USD +40.8%
Goodwill 63.2M USD
Other Assets, Noncurrent 4.8M USD -28.2%
Assets 1.02B USD +20.2%
Accounts Payable, Current 108M USD -16.7%
Accrued Liabilities, Current 64.9M USD +10.4%
Liabilities, Current 193M USD -5.16%
Deferred Income Tax Liabilities, Net 28.2M USD +2582%
Operating Lease, Liability, Noncurrent 59.9M USD -6.85%
Other Liabilities, Noncurrent 11.7M USD -3.74%
Liabilities 575M USD +32.8%
Accumulated Other Comprehensive Income (Loss), Net of Tax -116M USD +5.89%
Retained Earnings (Accumulated Deficit) -710M USD -3.76%
Stockholders' Equity Attributable to Parent 446M USD +7.04%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 303M USD -12.5%
Liabilities and Equity 1.02B USD +20.2%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 5.02M USD
Net Cash Provided by (Used in) Financing Activities 152M USD +684%
Net Cash Provided by (Used in) Investing Activities -153M USD -18559%
Common Stock, Shares Authorized 14.8M shares 0%
Common Stock, Shares, Issued 13M shares +19.7%
Common Stock, Par or Stated Value Per Share 0.01 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 2.32M USD
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 48.5M USD +3.69%
Interest Paid, Excluding Capitalized Interest, Operating Activities 17.1M USD -32.5%
Deferred Tax Assets, Valuation Allowance 232M USD +11.4%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 246M USD +10.7%
Operating Lease, Liability 70.7M USD -3.75%
Depreciation 4.07M USD +58.4%
Payments to Acquire Property, Plant, and Equipment 2.91M USD +169%
Lessee, Operating Lease, Liability, to be Paid 91M USD -6.78%
Operating Lease, Liability, Current 9.2M USD +4.83%
Lessee, Operating Lease, Liability, to be Paid, Year Two 12.7M USD +9.3%
Lessee, Operating Lease, Liability, to be Paid, Year One 13.3M USD +2.23%
Operating Lease, Weighted Average Discount Rate, Percent 0.07 pure 0%
Deferred Income Tax Expense (Benefit) -204K USD -56.9%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 20.4M USD -15.9%
Lessee, Operating Lease, Liability, to be Paid, Year Three 11.7M USD +6.16%
Current Income Tax Expense (Benefit) 11.3M USD +66.5%
Unrecognized Tax Benefits 10.9M USD +3.72%
Lessee, Operating Lease, Liability, to be Paid, Year Four 11.1M USD +8.88%
Operating Lease, Payments 14M USD +21.8%
Additional Paid in Capital 1.41B USD +3.5%
Amortization of Intangible Assets 9.77M USD +62.3%
Depreciation, Depletion and Amortization 34.7M USD -6.09%
Share-based Payment Arrangement, Expense 4.6M USD +9.52%