Forum Energy Technologies Inc - Company Profile
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Forum Energy Technologies Inc (FET) is an energy equipment provider that carries out the design, manufacturing, and distribution of engineered capital equipment and consumable products. It also provides aftermarket services, parts supply, and related services complementing its product offering. The company's product line includes drilling manifold systems, high-pressure piping packages, downhole protection systems, casing and cementing tools, subsea vehicles, coiled tubing strings, cranes, and related products. FET serves oil and natural gas operators, oilfield service companies, land and offshore drilling contractors, pipeline, and refinery operators, and subsea construction and service companies. It operates in the Americas, Europe, the Middle East, and Asia Pacific. FET is headquartered in Houston, Texas, the US.
Headquarters
United States of America
Address
10344 Sam Houston Park Drive, Suite 300, Texas, 77064
Website
www.f-e-t.com
Telephone
1 713 3517900
No of Employees
1,700
Industry
Energy and Utilities
Ticker Symbol & Exchange
FET (NYSE)
Revenue (2025)
$791.5M
-3.1%
(2025 vs 2024)
EPS
XYZ
Net Income (2025)
XYZ
92.9%
(2025 vs 2024)
Market Cap*
$553.0M
Net Profit Margin (2025)
XYZ
92.6%
(2025 vs 2024)
* As of and is in US$
Products and Services
| Products | Services | Brands |
|---|---|---|
| Drilling: | Recertification | Syntech |
| Pipe Handling Equipment | Refurbishment | Wrangler Roughneck |
| Drilling Instrumentation | B+V Oil Tools and Wrangler | |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
Competitor Comparison
| Key Parameters | Forum Energy Technologies Inc | Caterpillar Inc | Tenaris SA | TechnipFMC Plc | NOV Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | Luxembourg | United Kingdom | United States of America |
| City | Houston | Irving | Luxembourg | London | Houston |
| State/Province | Texas | Texas | - | Northumberland | Texas |
| No. of Employees | 1,700 | 118,000 | 25,874 | 23,089 | 31,605 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Michael McShane | Chairman | Executive Board | 2010 | 70 |
| Neal Lux | Vice President; Chief Executive Officer | Senior Management | 2022 | 50 |
| D. Lyle Williams Jr. | Executive Vice President; Chief Financial Officer | Senior Management | 2020 | 56 |
| Katherine C. Keller | Chief Accounting Officer; Senior Vice President | Senior Management | 2024 | 42 |
| John C. Ivascu | General Counsel; Executive Vice President; Secretary; Chief Compliance Officer | Senior Management | 2020 | 48 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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