Filing Flows › Forum Energy Technologies (FET) › Q4 2025
Forum Energy Technologies (FET) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 27, 2026
Forum Energy Technologies (FET) reported revenue of $202M for the fourth quarter 2025 (Q4 2025), +0.6% from a year earlier and +3% from the quarter before. Operating margin was 6.3%, net earnings $2.1M (1.0% of revenue).
Forum Energy Technologies, Q4 2025: revenue $202M (+0.6% year over year), operating margin 6.3%, net earnings $2.1M, operating cash flow $22.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $202M | +3% | +0.6% |
| Gross profit | $61.1M | +52% | -2% |
| Operating profit | $12.8M | — | — |
| Net earnings | $2.1M | — | — |
| Operating cash flow | $22.4M | -2% | -42% |
| Free cash flow | $20.9M | -3% | -42% |
What changed
Revenue was $202.2M in Q4 2025, up 1% year over year and up 3% from the previous quarter.
Gross margin was 30.2%, down 0.9 points from a year earlier. Operating profit was $12.8M, a 6.3% margin (up 59.5 points year over year). Operating expenses fell 71% while revenue rose 1%. Net earnings were $2.1M. The effective tax rate was 74.9%.
Operating cash flow was $22.4M (down 42% year over year), 1083% of net earnings. Non-cash charges added back $7.8M of depreciation and amortization and $2.7M of share-based compensation. Working capital and other items added $9.9M. Capital expenditures of $1.6M left free cash flow of $20.9M.
Questions
What was Forum Energy Technologies' revenue in the fourth quarter 2025?
Forum Energy Technologies (FET) reported revenue of $202M for the fourth quarter 2025 (Q4 2025), +0.6% from a year earlier and +3% from the quarter before.
Was Forum Energy Technologies profitable in the fourth quarter 2025?
Operating profit was $12.8M (6.3% of revenue) and net earnings $2.1M.