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Forum Energy Technologies vs Oil States International: FET and OIS compared
Forum Energy Technologies is the larger company: $237M of revenue in its latest quarter (Q3 2026) against $170M for Oil States International (Q3 2026). Forum Energy Technologies is growing faster (+21% against +3% a year earlier). Forum Energy Technologies is more profitable, with an operating margin of 8.4% against 3.7%.
Where the money goes: FET and OIS
Forum Energy Technologies (FET) · Q3 2026
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 follows the revenue to costs, profit and cash.
Oil States International (OIS) · Q3 2026
Oil States International, Q3 2026: revenue $170M (+3% year over year), operating margin 3.7%, net earnings $3.1M, operating cash flow $5.3M. The chart follows the revenue to costs, profit and cash.
| Forum Energy Technologies (FET) | Oil States International (OIS) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $237M | $170M |
| Revenue growth, Y/Y | +21% | +3% |
| Gross margin | 31.4% | — |
| Operating margin | 8.4% | 3.7% |
| Net earnings | $11.2M | $3.1M |
| Net margin | 4.7% | 1.8% |
| Operating cash flow | $32.0M | $5.3M |
| Free cash flow | $30.3M | $2.1M |
Where the revenue comes from
Oil States International
- Offshore Manufactured Products: $104M (61%)
- Downhole Technologies: $42.2M (25%)
- Completion and Production Services: $23.2M (14%)
Questions
Which is bigger, Forum Energy Technologies or Oil States International?
Forum Energy Technologies is the larger company: $237M of revenue in its latest quarter (Q3 2026) against $170M for Oil States International (Q3 2026).
Is Forum Energy Technologies or Oil States International growing faster?
Forum Energy Technologies is growing faster (+21% against +3% a year earlier).
Which is more profitable, Forum Energy Technologies or Oil States International?
Forum Energy Technologies is more profitable, with an operating margin of 8.4% against 3.7%.
More: Forum Energy Technologies earnings · how Forum Energy Technologies makes money · Oil States International earnings · how Oil States International makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 30, 2026; 10-Q filed Oct 30, 2026). Fiscal quarters can end on different dates. Not investment advice.