Downhole Technologies was Forum Energy Technologies’s largest revenue line in fiscal 2025, bringing in $194.83M of $791.98M (25%).
| Concentration Risk Benchmark | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Drilling | — | $168.55M | $143.27M | $132.91M | ||||||||||||
| Drilling Technologies | $143.39M | — | — | — | ||||||||||||
| Valve Solutions | $61.61M | $63.88M | $62.00M | $46.02M | ||||||||||||
| Stimulation & Intervention | $156.33M | $158.30M | $144.88M | $135.41M | ||||||||||||
| Subsea | — | $68.48M | $78.12M | $97.62M | ||||||||||||
| Subsea Technologies | $76.19M | — | — | — | ||||||||||||
| Production Equipment | $69.91M | $81.99M | $76.25M | $73.94M | ||||||||||||
| Flow Equipment | — | — | — | — | ||||||||||||
| Downhole Technologies | $84.99M | $90.45M | $207.43M | $194.83M | ||||||||||||
| Coiled Tubing | $108.62M | $107.30M | $104.50M | $111.25M | ||||||||||||
| Intersegment Eliminations | — | — | — | — | ||||||||||||
| Total | $701.04M | $738.93M | $816.45M | $791.98M |
Forum Energy Technologies brought in $791.98M from its seven revenue lines in fiscal 2025, the year ended December 31, 2025. That was down 3.0% from $816.45M in fiscal 2024. Downhole Technologies was the largest at $194.83M (24.6%), ahead of Stimulation & Intervention at $135.41M (17.1%) and Drilling at $132.91M (16.8%). The other four revenue lines brought in $328.84M combined.
Compared with fiscal 2024, Subsea grew fastest, up 25.0% to $97.62M, while Valve Solutions fell the most, down 25.8% to $46.02M.
Forum Energy Technologies began breaking out Drilling in fiscal 2023 and Subsea in fiscal 2023. Forum Energy Technologies stopped reporting Drilling Technologies ($143.39M in fiscal 2022) and Subsea Technologies ($76.19M in fiscal 2022) as separate revenue lines.
United States was Forum Energy Technologies’s largest region in fiscal 2025, bringing in $402.01M of $791.47M (51%).
| Geography | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | $470.77M | $455.87M | $415.13M | $402.01M | ||||||||||||
| Europe Africa | $57.53M | $64.25M | $76.71M | $84.77M | ||||||||||||
| Europe &Amp; Africa | — | — | — | — | ||||||||||||
| Canada | $48.28M | $52.83M | $152.17M | $135.13M | ||||||||||||
| Asia-Pacific | $36.83M | $38.62M | $43.97M | $47.75M | ||||||||||||
| Middle East | $51.89M | $89.35M | $91.50M | $86.46M | ||||||||||||
| Latin America | $34.61M | $37.95M | $36.94M | $35.35M | ||||||||||||
| Total | $699.91M | $738.86M | $816.43M | $791.47M |
Forum Energy Technologies brought in $791.47M from its six regions in fiscal 2025, the year ended December 31, 2025. That was down 3.1% from $816.43M in fiscal 2024. United States was the largest at $402.01M (50.8%), ahead of Canada at $135.13M (17.1%) and Middle East at $86.46M (10.9%). The other three regions brought in $167.87M combined.
Compared with fiscal 2024, Europe Africa grew fastest, up 10.5% to $84.77M, while Canada fell the most, down 11.2% to $135.13M. From fiscal 2022 to 2025, combined revenue from these regions grew from $699.91M to $791.47M, a compound annual growth rate of 4.2%. United States' share of the total fell from 67.3% to 50.8%.
Drilling & Completions was Forum Energy Technologies’s largest segment in fiscal 2025, bringing in $476.69M of $791.47M (60%).
| Segment | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Drilling &Amp; Subsea | — | — | — | — | ||||||||||||
| Drilling Subsea | — | — | — | — | ||||||||||||
| Drilling & Completions | — | $502.62M | $470.77M | $476.69M | ||||||||||||
| Production & Infrastructure | $131.52M | — | — | — | ||||||||||||
| Production | — | — | — | — | ||||||||||||
| Production &Amp; Infrastructure | — | — | — | — | ||||||||||||
| Production Infrastructure | — | — | — | — | ||||||||||||
| Artificial Lift & Downhole | — | $236.31M | $345.68M | $314.79M | ||||||||||||
| Drilling Downhole | $304.57M | — | — | — | ||||||||||||
| Completions | $264.95M | — | — | — | ||||||||||||
| Total | $701.04M | $738.93M | $816.45M | $791.47M |
Forum Energy Technologies brought in $791.47M from its two segments in fiscal 2025, the year ended December 31, 2025. That was down 3.1% from $816.45M in fiscal 2024. Drilling & Completions was the largest at $476.69M (60.2%), ahead of Artificial Lift & Downhole at $314.79M (39.8%).
Compared with fiscal 2024, Drilling & Completions grew 1.3% to $476.69M, while Artificial Lift & Downhole fell 8.9% to $314.79M.
Forum Energy Technologies began breaking out Drilling & Completions in fiscal 2023 and Artificial Lift & Downhole in fiscal 2023. Forum Energy Technologies stopped reporting Drilling Downhole ($304.57M in fiscal 2022), Completions ($264.95M in fiscal 2022) and Production & Infrastructure ($131.52M in fiscal 2022) as separate segments.
Forum Energy Technologies (FET) reports its revenue by concentration risk benchmark, by geography and by segment. In fiscal 2025, Downhole Technologies was its largest revenue line, bringing in $194.83M (24.6% of the total), followed by Stimulation & Intervention at $135.41M (17.1%).
Downhole Technologies was Forum Energy Technologies' largest revenue line in fiscal 2025, bringing in $194.83M, or 24.6% of the $791.98M total across its seven revenue lines.
United States was Forum Energy Technologies' largest region in fiscal 2025, bringing in $402.01M, or 50.8% of the $791.47M total across its six regions.
Drilling & Completions was Forum Energy Technologies' largest segment in fiscal 2025, bringing in $476.69M, or 60.2% of the $791.47M total across its two segments.
Among Forum Energy Technologies' revenue lines that make up at least 2% of revenue, Subsea grew fastest in fiscal 2025, up 25.0% from $78.12M to $97.62M.
Every figure comes from Forum Energy Technologies' annual financial filings, as reported. Each line keeps the name Forum Energy Technologies gives it, and years follow its fiscal calendar.
Forum Energy Technologies' revenue by concentration risk benchmark goes back to fiscal 2010, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.