Forum Energy Technologies, Inc. FET

What this company does

Forum Energy Technologies, Inc. manufactures capital equipment and consumable products for customers that include oil and natural gas operators, oilfield service companies, pipeline and refinery operators, defense contractors and renewable energy companies. In 2025, approximately 80% of its revenue was derived from consumable products and activity-based equipment, with the balance derived primarily from capital products and a small amount from rental and other services. Its backlog was approximately $311.6 million at December 31, 2025, compared with $213.5 million a year earlier. As of December 31, 2025, it had approximately 1,700 employees, with approximately 1,000 in the United States, 200 in the United Kingdom, 100 in Germany, 300 in Canada and 100 in other locations. Its Drilling and Completions segment designs, manufactures and supplies products and solutions to the drilling, subsea, coiled tubing, well stimulation and intervention markets, including applications in the oil and natural gas, renewable energy, defense and communications industries. Its Artificial Lift and Downhole segment designs, manufactures and supplies products and solutions for the artificial lift, well construction, production and infrastructure markets.

Written from the business description in FORUM ENERGY TECHNOLOGIES, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 27 February 2026. Every sentence was checked against that document before publication.