Forum Energy Technologies, Inc.

Forum Energy Technologies, Inc.verified

FET

Price:

$16.2

Market Cap:

$199.00M

Forum Energy Technologies, Inc. designs, manufactures, and distributes products serving the oil, natural gas, industrial, and renewable energy industries in the United States and internationally. It operates through three segments: Drilling & Downhole, Completions, and Production. The Drilling & Downhole segment designs, manufactures, and supplies products, and provides related services to the drilling, well construction, artificial lift, and subsea energy construction markets, including applications in oil and natural gas, renewable energy, defense, and communications. This segment offers drilling technologies consisting of capital equipment and a line of products consumed in the drilling p...[Read more]

Industry

Oil & Gas Equipment & Services

IPO Date

2012-04-12

Stock Exchange

NYSE

Ticker

FET

The Current Ratio as of July 2024 (TTM) for Forum Energy Technologies, Inc. (FET) is 2.83

According to Forum Energy Technologies, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 2.83. This represents a change of 7.56% compared to the average of 2.63 of the last 4 quarters.

Forum Energy Technologies, Inc. (FET) Historical Current Ratio (quarterly & annually)

How has FET Current Ratio performed in the past?

The mean historical Current Ratio of Forum Energy Technologies, Inc. over the last ten years is 3.50. The current 2.83 Current Ratio has changed 7.98% with respect to the historical average. Over the past ten years (40 quarters), FET's Current Ratio was at its highest in in the December 2016 quarter at 5.29. The Current Ratio was at its lowest in in the March 2022 quarter at 2.38.

Quarterly (TTM)
Annual

Average

3.50

Median

3.31

Minimum

2.44

Maximum

5.29

Forum Energy Technologies, Inc. (FET) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Forum Energy Technologies, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 51.22%

Maximum Annual Current Ratio = 5.29

Minimum Annual Increase = -35.22%

Minimum Annual Current Ratio = 2.44

Quarterly (TTM)
Annual
YearCurrent RatioChange
20232.596.37%
20222.44-4.16%
20212.54-35.22%
20203.9216.05%
20193.384.60%
20183.23-12.26%
20173.68-30.39%
20165.2910.82%
20154.7851.22%
20143.16-12.83%

Forum Energy Technologies, Inc. (FET) Average Current Ratio

How has FET Current Ratio performed in the past?

The current Current Ratio of Forum Energy Technologies, Inc. (FET) is greater than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

2.52

5-year avg

2.98

10-year avg

3.50

Forum Energy Technologies, Inc. (FET) Current Ratio vs. Peers

How is FET’s Current Ratio compared to its peers?

Forum Energy Technologies, Inc.’s Current Ratio is less than Natural Gas Services Group, Inc. (3.23), greater than Enerflex Ltd. (1.16), less than Dril-Quip, Inc. (5.35), greater than CSI Compressco LP (1.71), greater than NOW Inc. (2.26), greater than Newpark Resources, Inc. (2.79), greater than Bristow Group Inc. (1.71), greater than Helix Energy Solutions Group, Inc. (1.68), greater than Oceaneering International, Inc. (1.76), less than RPC, Inc. (4.75), less than Geospace Technologies Corporation (6.11), less than Oil States International, Inc. (3.31), greater than MRC Global Inc. (1.48), greater than North American Construction Group Ltd. (1.04),

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