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How Forum Energy Technologies (FET) makes money
Forum Energy Technologies (FET) made $237M of revenue in the third quarter 2026 (Q3 2026), +21% from a year earlier. Of every dollar of revenue, 31¢ was left as gross profit, 8¢ was left as operating profit, 5¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $237M | 100.0% |
| Cost of revenue | $162M | 68.6% |
| Gross profit | $74.4M | 31.4% |
| Operating expenses | $54.5M | 23.0% |
| Operating profit | $20.0M | 8.4% |
| Income tax | $4.0M | 1.7% |
| Net earnings | $11.2M | 4.7% |
| Operating cash flow | $32.0M | 13.5% |
| Free cash flow | $30.3M | 12.8% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $237M | +21% |
| Q2 2026 | $226M | +13% |
| Q1 2026 | $209M | +8% |
| Q4 2025 | $202M | +0.6% |
| Q3 2025 | $196M | -6% |
| Q2 2025 | $200M | -3% |
| Q1 2025 | $193M | -4% |
From Forum Energy Technologies' 10-Q filed Oct 30, 2026 (on EDGAR).
Questions
How does Forum Energy Technologies make money?
Forum Energy Technologies (FET) made $237M of revenue in the third quarter 2026 (Q3 2026), +21% from a year earlier. Of every dollar of revenue, 31¢ was left as gross profit, 8¢ was left as operating profit, 5¢ was left as net earnings.
What is Forum Energy Technologies' profit margin?
Net earnings were $11.2M, 4.7% of revenue, in the third quarter 2026; the operating margin was 8.4%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.