Forum Energy Technologies (FET) Tax Rate (2011 - 2026)
Forum Energy Technologies' (FET) quarterly Tax Rate came in at 22.5% in Q2 2026, down 2218.0% on a YoY basis from 1.06% in Q2 2025, and down 42.69% quarter-over-quarter from 39.26% in Q1 2026.
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Forum Energy Technologies (FET) Tax Rate (2011 - 2026) Analysis & Trends
Forum Energy Technologies (FET) has reported Tax Rate for 16 consecutive years, with 22.5% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Tax Rate fell 2218.0% year-over-year to 22.5%; the trailing twelve-month figure through Jun 2026 stood at 107.43% (up 11847.0% YoY), and the FY2025 full-year result was 158.24%, up 16361.0% from the prior year.
- Tax Rate eased to 22.5% in Q2 2026 per FET's latest filing, from 39.26% in the prior quarter.
- Across five years, Tax Rate topped out at 77.73% in Q1 2025 and bottomed at 420.3% in Q1 2023.
- Historically, Tax Rate has averaged 27.47% across 5 years, with a median of 5.88% in 2024.
- The sharpest annual moves came in 2023 and 2024: Tax Rate slumped 39443 bps in 2023, then jumped 36832 bps in 2024.
- Over 5 years, Tax Rate stood at 15.25% in 2022, then tumbled by 168 bps to 40.95% in 2023, then soared by 109 bps to 3.49% in 2024, then surged by 2034 bps to 74.43% in 2025, then tumbled by 70 bps to 22.5% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 22.5%, 39.26%, and 74.43% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | TechnipFMC | 29.94 Bn | 28.70 Bn | 1.40 Bn | 23.78% |
| 2 | Nov | 7.66 Bn | 6.49 Bn | 521.00 Mn | 26.11% |
| 3 | Cactus | 4.76 Bn | 4.40 Bn | 215.38 Mn | 27.39% |
| 4 | Enerflex | 2.74 Bn | 2.67 Bn | 139.00 Mn | 33.33% |
| 5 | Innovex International | 2.04 Bn | 1.82 Bn | 83.65 Mn | 29.30% |
| 6 | Forum Energy Technologies | 912.23 Mn | 878.52 Mn | 71.35 Mn | 22.50% |
| 7 | Flowco Holdings | 871.30 Mn | 871.30 Mn | 49.17 Mn | 13.06% |
| 8 | Oil States International | 502.04 Mn | 482.24 Mn | 38.71 Mn | 25.41% |
| 9 | OMS Energy Technologies | 186.07 Mn | 32.11 Mn | - | - |
| 10 | NCS Multistage Holdings | 140.02 Mn | 129.24 Mn | 13.95 Mn | 31.04% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 22.50% |
| Mar 31, 2026 | 39.26% |
| Dec 31, 2025 | 74.43% |
| Sep 30, 2025 | -96.37% |
| Jun 30, 2025 | 44.68% |
| Mar 31, 2025 | 77.73% |
| Dec 31, 2024 | 3.49% |
| Sep 30, 2024 | -45.19% |
| Jun 30, 2024 | -59.66% |
| Mar 31, 2024 | -51.98% |
| Dec 31, 2023 | -40.95% |
| Sep 30, 2023 | 15.88% |
| Jun 30, 2023 | -40.27% |
| Mar 31, 2023 | -420.30% |
| Dec 31, 2022 | -15.25% |
| Sep 30, 2022 | 7.84% |
| Jun 30, 2022 | 15.63% |
| Mar 31, 2022 | -25.86% |
| Dec 31, 2021 | 13.91% |
| Sep 30, 2021 | -7.91% |