Forum Energy Technologies Inc. (FET) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

Per the Roarable RQD rating, FET scores 59 out of 100, a letter grade of C-, with the verdict "Roarable Hold — Cautious Neutral." The fundamental cash engine pillar scores 8 of 20, reflecting ROIC of 6.1% and an FCF yield of 6.32%, which is the weakest contributor and signals limited current capital efficiency. The whale 13F flow pillar scores 16 of 20, indicating institutional accumulation and options positioning as a relative strength. The insider conviction pillar scores 12 of 20, based on SEC Form 4 and Congressional PTR cluster flow. The macro regime fit pillar scores 13 of 20, reflecting a beta of 1.0 and sector sensitivity. The forensic balance sheet pillar scores 10 of 20, citing an Altman Z of 1.32, a Piotroski F of 7/9, and Debt/Equity of 0.46. For a prospective investor, the rating points to a mixed setup: institutional interest and a Piotroski reading that is comparatively solid are offset by low returns on capital, a thin cash-flow yield relative to the share price, and a Z-score in a range the source data does not interpret further. Per the market data, the stock's valuation on EV/EBITDA of 31.7 is elevated against the operating margin of 3.8%, which is a tradeoff a prospective investor should weigh against the upside drivers reflected in the news wire.

Per the SEC financials, revenue moved from $738.9M in FY 2023 to $816.4M in FY 2024 and then to $791.5M in FY 2025, while operating income turned from $20.7M to $-86.8M and back to $30.1M. Net income was negative in all three reported periods. Per the market data, ROIC is 6.1% and the net margin is -1.2%. Per the Roarable RQD rating, the Altman Z-Score is 1.32 and the Piotroski F-Score is 7/9; the Debt/Equity ratio is 0.46. Reported debt declined from $186.5M in FY 2024 to $134.5M in FY 2025.

Per the news wire, the most recent item is a Yahoo Finance report titled "Forum Energy Technologies (FET) Stock Falls After Strong Q3 Earnings Report," flagged RED with a RISK WATCH impact label. A GuruFocus item reports the stock up 8.1%, flagged YELLOW as MARKET WIRE. A Investing.com item reports the stock hitting a 52-week high at 91.48 USD, flagged YELLOW as MARKET WIRE. A Moomoo item carries the headline "Could Be Less Than A Year Away From Profitability," flagged YELLOW. A TradingView item covers the Q3 earnings call highlights, flagged YELLOW. The most positive item is a Yahoo Finance report titled "Raises Guidance, Is The Profit Recovery Fully Priced In?", flagged GREEN as CATALYST. The news wire therefore carries both a RISK WATCH flag on post-earnings price weakness and a CATALYST flag on raised guidance, with the open question of whether profit recovery is already reflected in the price. Per the Butterfly Supply-Chain Graph, the supply chain is recorded as NONE, with no butterfly links and no proprietary signals.

• What specific products and customers generate the company's revenue, given that the business description is limited to sector and industry classification?
• What are the forward earnings expectations, since the P/E (TTM), forward P/E, and EPS (TTM) are all unavailable in the source data?
• Which elements of the raised guidance and profit-recovery narrative are supported by reported figures, given the FY 2025 net loss of $-9.7M?
• What analyst consensus, price targets, and ownership detail exist, since the analyst and holder sections are empty?
• What drove the swing in operating income from $-86.8M in FY 2024 to $30.1M in FY 2025, and is that trend sustainable?