Downhole Technologies was Forum Energy Technologies’s largest product and service line in fiscal 2025, bringing in $194.83M of $791.47M (25%).
| Product and Service | 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 | — | — | — | ||||||||||||
| Stimulation & Intervention | $156.33M | $158.30M | $144.88M | $135.41M | ||||||||||||
| Valve Solutions | $61.61M | $63.88M | $62.00M | $46.02M | ||||||||||||
| Subsea | — | $68.48M | $78.12M | $97.62M | ||||||||||||
| Subsea Technologies | $76.19M | — | — | — | ||||||||||||
| Flow Equipment | — | — | — | — | ||||||||||||
| Production Equipment | $69.91M | $81.99M | $76.25M | $73.94M | ||||||||||||
| Downhole Technologies | $84.99M | $90.45M | $207.43M | $194.83M | ||||||||||||
| Coiled Tubing | $108.62M | $107.30M | $104.50M | $111.25M | ||||||||||||
| Eliminations | -$1.12M | -$70.00K | -$22.00K | -$502.00K | ||||||||||||
| Intersegment Eliminations | — | — | — | — | ||||||||||||
| Total | $699.91M | $738.86M | $816.43M | $791.47M |
Forum Energy Technologies brought in $791.47M from its eight product and service lines in fiscal 2025, the year ended December 31, 2025. That was down 3.1% from $816.43M 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 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 lines. The total is net of Eliminations, which took $502.00K off revenue in fiscal 2025.
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 | ||||||||||||
| 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 $477.19M of $791.98M (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 & Subsea | — | — | — | — | ||||||||||||
| Drilling & Completions | — | $502.62M | $470.75M | $477.19M | ||||||||||||
| Production & Infrastructure | $131.52M | — | — | — | ||||||||||||
| Production | — | — | — | — | ||||||||||||
| Artificial Lift & Downhole | — | $236.31M | $345.68M | $314.79M | ||||||||||||
| Drilling & Downhole | $304.57M | — | — | — | ||||||||||||
| Completions | $264.95M | — | — | — | ||||||||||||
| Eliminations | -$1.12M | -$70.00K | -$22.00K | — | ||||||||||||
| Intersegment Eliminations | — | — | — | — | ||||||||||||
| Total | $699.91M | $738.86M | $816.40M | $791.98M |
Forum Energy Technologies brought in $791.98M from its two segments in fiscal 2025, the year ended December 31, 2025. Forum Energy Technologies regrouped these segments after fiscal 2024, so the total does not compare directly with that year's $816.40M. Drilling & Completions was the largest at $477.19M (60.3%), ahead of Artificial Lift & Downhole at $314.79M (39.7%).
Compared with fiscal 2024, Drilling & Completions grew 1.4% to $477.19M, 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 product and service, by geography and by segment. In fiscal 2025, Downhole Technologies was its largest product and service 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 product and service line in fiscal 2025, bringing in $194.83M, or 24.6% of the $791.47M total across its eight product and service 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 $477.19M, or 60.3% of the $791.98M total across its two segments.
Among Forum Energy Technologies' product and service 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 product and service 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.