Forum Energy Technologies (FET) Operating Expenses (2011 - 2026)
Forum Energy Technologies' (FET) quarterly Operating Expenses came in at $50.8 million in Q2 2026, up 13.82% on a YoY basis from $44.7 million in Q2 2025, and up 1.72% quarter-over-quarter from $50.0 million in Q1 2026.
Analysis
Forum Energy Technologies (FET) Operating Expenses (2011 - 2026) Analysis & Trends
Forum Energy Technologies (FET) has reported Operating Expenses for 16 consecutive years, with $50.8 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 13.82% year-over-year to $50.8 million; the trailing twelve-month figure through Jun 2026 stood at $195.5 million (down 38.97% YoY), and the FY2025 full-year result was $188.9 million, down 44.74% from the prior year.
- Operating Expenses climbed to $50.8 million in Q2 2026 per FET's latest filing, from $50.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at $169.3 million in Q4 2024 and bottomed at $40.6 million in Q4 2022.
- Historically, Operating Expenses has averaged $54.8 million across 5 years, with a median of $47.1 million in 2023.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses surged 253.14% in 2024, then plunged 71.46% in 2025.
- Over 5 years, Operating Expenses stood at $40.6 million in 2022, then gained by 18.0% to $47.9 million in 2023, then soared by 253.14% to $169.3 million in 2024, then slumped by 71.46% to $48.3 million in 2025, then climbed by 5.23% to $50.8 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $50.8 million, $50.0 million, and $48.3 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | TechnipFMC | 30.87 Bn | 29.63 Bn | 1.40 Bn | 2.28 Bn |
| 2 | Nov | 7.72 Bn | 6.56 Bn | 521.00 Mn | 1.04 Bn |
| 3 | Cactus | 4.82 Bn | 4.46 Bn | 215.38 Mn | 365.95 Mn |
| 4 | Enerflex | 2.77 Bn | 2.69 Bn | 139.00 Mn | 81.00 Mn |
| 5 | Innovex International | 2.06 Bn | 1.83 Bn | 83.65 Mn | 50.20 Mn |
| 6 | Forum Energy Technologies | 911.33 Mn | 877.61 Mn | 71.35 Mn | 50.85 Mn |
| 7 | Flowco Holdings | 898.72 Mn | 898.72 Mn | 49.17 Mn | 79.71 Mn |
| 8 | Oil States International | 509.94 Mn | 490.13 Mn | 38.71 Mn | 144.95 Mn |
| 9 | OMS Energy Technologies | 197.41 Mn | 43.45 Mn | - | - |
| 10 | NCS Multistage Holdings | 140.02 Mn | 129.24 Mn | 13.95 Mn | 19.86 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 50.85 Mn |
| Mar 31, 2026 | 49.99 Mn |
| Dec 31, 2025 | 48.32 Mn |
| Sep 30, 2025 | 46.34 Mn |
| Jun 30, 2025 | 44.67 Mn |
| Mar 31, 2025 | 49.56 Mn |
| Dec 31, 2024 | 169.28 Mn |
| Sep 30, 2024 | 56.82 Mn |
| Jun 30, 2024 | 55.14 Mn |
| Mar 31, 2024 | 60.56 Mn |
| Dec 31, 2023 | 47.94 Mn |
| Sep 30, 2023 | 45.35 Mn |
| Jun 30, 2023 | 44.90 Mn |
| Mar 31, 2023 | 45.25 Mn |
| Dec 31, 2022 | 40.62 Mn |
| Sep 30, 2022 | 43.66 Mn |
| Jun 30, 2022 | 42.59 Mn |
| Mar 31, 2022 | 44.33 Mn |
| Dec 31, 2021 | 43.20 Mn |
| Sep 30, 2021 | 42.24 Mn |