Filing Flows › Forum Energy Technologies (FET) › Q3 2026 › vs Q3 2025
Forum Energy Technologies (FET) Q3 2026 vs Q3 2025 (year over year)
Forum Energy Technologies's revenue rose $40.6M (+21%) from $196M in Q3 2025 to $237M in Q3 2026. Gross margin 31.4% against 20.5% (+10.9 pts).
Forum Energy Technologies, Q3 2026: revenue $237M (+21% year over year), operating margin 8.4%, net earnings $11.2M, operating cash flow $32.0M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 31.4% | 20.5% | +10.9 pts |
| Operating margin | 8.4% | -3.1% | +11.5 pts |
| Net margin | 4.7% | -10.5% | +15.2 pts |
| Free cash flow margin | 12.8% | 10.9% | +1.9 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $237M | $196M | $40.6M | +21% |
| Gross profit | $74.4M | $40.2M | $34.2M | +85% |
| Cost of revenue | $162M | $156M | $6.4M | +4% |
| Operating profit | $20.0M | −$6.1M | $26.1M | — |
| Operating expenses | $54.5M | $46.3M | $8.1M | +17% |
| Pre-tax earnings | $15.2M | −$10.5M | $25.7M | — |
| Other expense, net | $4.8M | $4.4M | $403K | +9% |
| Net earnings | $11.2M | −$20.6M | $31.8M | — |
| Income tax | $4.0M | $10.1M | −$6.1M | -61% |
| Depreciation & amortization | $7.2M | $7.9M | −$622K | -8% |
| Share-based compensation | $2.6M | $2.8M | −$210K | -8% |
| Working capital & other | $11.0M | $32.8M | −$21.8M | -66% |
| Operating cash flow | $32.0M | $22.9M | $9.2M | +40% |
| Free cash flow (OCF − capex) | $30.3M | $21.5M | $8.8M | +41% |
| Capital expenditures | $1.7M | $1.4M | $330K | +24% |
Questions
How much did Forum Energy Technologies's revenue grow year over year in Q3 2026?
Forum Energy Technologies's revenue rose $40.6M (+21%) from $196M in Q3 2025 to $237M in Q3 2026. Gross margin 31.4% against 20.5% (+10.9 pts).