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Side-by-side financial comparison of FORUM ENERGY TECHNOLOGIES, INC. (FET) and Forestar Group Inc. (FOR). Click either name above to swap in a different company.
Forestar Group Inc. is the larger business by last-quarter revenue ($273.0M vs $202.2M, roughly 1.4× FORUM ENERGY TECHNOLOGIES, INC.). Forestar Group Inc. runs the higher net margin — 5.6% vs 1.0%, a 4.6% gap on every dollar of revenue. On growth, Forestar Group Inc. posted the faster year-over-year revenue change (9.0% vs 0.6%). FORUM ENERGY TECHNOLOGIES, INC. produced more free cash flow last quarter ($20.9M vs $-157.1M). Over the past eight quarters, FORUM ENERGY TECHNOLOGIES, INC.'s revenue compounded faster (-0.0% CAGR vs -9.6%).
Forum Energy Technologies is an American oilfield products company that provides products and services to the oil and gas, and renewable industries worldwide.
Forestar Group Inc. is a residential lot development company based in Arlington, Texas. The company has operations in 51 markets in 21 states and delivered 11,518 residential lots during the twelve-month period ended December 31, 2020. The company is publicly traded on the New York Stock Exchange and in October 2017 became a majority-owned subsidiary of D.R. Horton, Inc., the largest homebuilder by volume in the United States since 2002. The company primarily acquires entitled real estate and...
FET vs FOR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $202.2M | $273.0M |
| Net Profit | $2.1M | $15.4M |
| Gross Margin | 30.2% | 20.1% |
| Operating Margin | 6.3% | 7.6% |
| Net Margin | 1.0% | 5.6% |
| Revenue YoY | 0.6% | 9.0% |
| Net Profit YoY | 102.0% | -6.7% |
| EPS (diluted) | $0.25 | $0.30 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $202.2M | $273.0M | ||
| Q3 25 | $196.2M | $670.5M | ||
| Q2 25 | $199.8M | $390.5M | ||
| Q1 25 | $193.3M | $351.0M | ||
| Q4 24 | $201.0M | $250.4M | ||
| Q3 24 | $207.8M | $551.3M | ||
| Q2 24 | $205.2M | $318.4M | ||
| Q1 24 | $202.4M | $333.8M |
| Q4 25 | $2.1M | $15.4M | ||
| Q3 25 | $-20.6M | $86.9M | ||
| Q2 25 | $7.7M | $32.9M | ||
| Q1 25 | $1.1M | $31.6M | ||
| Q4 24 | $-103.5M | $16.5M | ||
| Q3 24 | $-14.8M | $81.5M | ||
| Q2 24 | $-6.7M | $38.7M | ||
| Q1 24 | $-10.3M | $45.0M |
| Q4 25 | 30.2% | 20.1% | ||
| Q3 25 | 20.5% | 22.3% | ||
| Q2 25 | 29.7% | 20.4% | ||
| Q1 25 | 30.2% | 22.6% | ||
| Q4 24 | 31.1% | 22.0% | ||
| Q3 24 | 31.6% | 23.9% | ||
| Q2 24 | 30.7% | 22.5% | ||
| Q1 24 | 31.5% | 24.9% |
| Q4 25 | 6.3% | 7.6% | ||
| Q3 25 | -3.1% | 16.9% | ||
| Q2 25 | 7.4% | 11.2% | ||
| Q1 25 | 4.6% | 11.6% | ||
| Q4 24 | -53.1% | 8.7% | ||
| Q3 24 | 4.3% | 19.7% | ||
| Q2 24 | 3.9% | 16.2% | ||
| Q1 24 | 1.6% | 17.6% |
| Q4 25 | 1.0% | 5.6% | ||
| Q3 25 | -10.5% | 13.0% | ||
| Q2 25 | 3.9% | 8.4% | ||
| Q1 25 | 0.6% | 9.0% | ||
| Q4 24 | -51.5% | 6.6% | ||
| Q3 24 | -7.1% | 14.8% | ||
| Q2 24 | -3.3% | 12.2% | ||
| Q1 24 | -5.1% | 13.5% |
| Q4 25 | $0.25 | $0.30 | ||
| Q3 25 | $-1.76 | $1.70 | ||
| Q2 25 | $0.61 | $0.65 | ||
| Q1 25 | $0.09 | $0.62 | ||
| Q4 24 | $-8.41 | $0.32 | ||
| Q3 24 | $-1.20 | $1.59 | ||
| Q2 24 | $-0.54 | $0.76 | ||
| Q1 24 | $-0.85 | $0.89 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $34.7M | $211.7M |
| Total DebtLower is stronger | $135.9M | $793.2M |
| Stockholders' EquityBook value | $291.1M | $1.8B |
| Total Assets | $752.5M | $3.2B |
| Debt / EquityLower = less leverage | 0.47× | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $34.7M | $211.7M | ||
| Q3 25 | $31.7M | $379.2M | ||
| Q2 25 | $39.0M | $189.2M | ||
| Q1 25 | $31.1M | $174.3M | ||
| Q4 24 | $44.7M | $132.0M | ||
| Q3 24 | $33.3M | $481.2M | ||
| Q2 24 | $31.8M | $359.2M | ||
| Q1 24 | $48.5M | $416.2M |
| Q4 25 | $135.9M | $793.2M | ||
| Q3 25 | $140.0M | $802.7M | ||
| Q2 25 | $159.3M | $872.8M | ||
| Q1 25 | $171.4M | $872.5M | ||
| Q4 24 | $188.4M | $806.8M | ||
| Q3 24 | $231.5M | $706.4M | ||
| Q2 24 | $252.9M | $706.1M | ||
| Q1 24 | $287.5M | $705.7M |
| Q4 25 | $291.1M | $1.8B | ||
| Q3 25 | $297.3M | $1.8B | ||
| Q2 25 | $334.2M | $1.7B | ||
| Q1 25 | $320.0M | $1.6B | ||
| Q4 24 | $319.9M | $1.6B | ||
| Q3 24 | $443.5M | $1.6B | ||
| Q2 24 | $442.0M | $1.5B | ||
| Q1 24 | $446.2M | $1.5B |
| Q4 25 | $752.5M | $3.2B | ||
| Q3 25 | $770.1M | $3.1B | ||
| Q2 25 | $810.1M | $3.1B | ||
| Q1 25 | $790.1M | $3.0B | ||
| Q4 24 | $816.0M | $3.0B | ||
| Q3 24 | $973.7M | $2.8B | ||
| Q2 24 | $976.8M | $2.7B | ||
| Q1 24 | $1.0B | $2.6B |
| Q4 25 | 0.47× | 0.44× | ||
| Q3 25 | 0.47× | 0.45× | ||
| Q2 25 | 0.48× | 0.52× | ||
| Q1 25 | 0.54× | 0.53× | ||
| Q4 24 | 0.59× | 0.50× | ||
| Q3 24 | 0.52× | 0.44× | ||
| Q2 24 | 0.57× | 0.47× | ||
| Q1 24 | 0.64× | 0.48× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $22.4M | $-157.0M |
| Free Cash FlowOCF − Capex | $20.9M | $-157.1M |
| FCF MarginFCF / Revenue | 10.3% | -57.5% |
| Capex IntensityCapex / Revenue | 0.8% | 0.0% |
| Cash ConversionOCF / Net Profit | 10.83× | -10.19× |
| TTM Free Cash FlowTrailing 4 quarters | $64.4M | $93.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.4M | $-157.0M | ||
| Q3 25 | $22.9M | $256.3M | ||
| Q2 25 | $15.8M | $15.8M | ||
| Q1 25 | $9.3M | $-19.8M | ||
| Q4 24 | $38.5M | $-450.0M | ||
| Q3 24 | $25.6M | $119.2M | ||
| Q2 24 | $23.1M | $-61.7M | ||
| Q1 24 | $5.0M | $-59.2M |
| Q4 25 | $20.9M | $-157.1M | ||
| Q3 25 | $21.5M | $255.6M | ||
| Q2 25 | $14.8M | $15.0M | ||
| Q1 25 | $7.2M | $-20.5M | ||
| Q4 24 | $36.1M | — | ||
| Q3 24 | $24.3M | $118.4M | ||
| Q2 24 | $21.6M | $-62.3M | ||
| Q1 24 | $2.1M | $-59.8M |
| Q4 25 | 10.3% | -57.5% | ||
| Q3 25 | 10.9% | 38.1% | ||
| Q2 25 | 7.4% | 3.8% | ||
| Q1 25 | 3.7% | -5.8% | ||
| Q4 24 | 18.0% | — | ||
| Q3 24 | 11.7% | 21.5% | ||
| Q2 24 | 10.5% | -19.6% | ||
| Q1 24 | 1.0% | -17.9% |
| Q4 25 | 0.8% | 0.0% | ||
| Q3 25 | 0.7% | 0.1% | ||
| Q2 25 | 0.5% | 0.2% | ||
| Q1 25 | 1.1% | 0.2% | ||
| Q4 24 | 1.2% | 0.0% | ||
| Q3 24 | 0.6% | 0.1% | ||
| Q2 24 | 0.7% | 0.2% | ||
| Q1 24 | 1.4% | 0.2% |
| Q4 25 | 10.83× | -10.19× | ||
| Q3 25 | — | 2.95× | ||
| Q2 25 | 2.05× | 0.48× | ||
| Q1 25 | 8.31× | -0.63× | ||
| Q4 24 | — | -27.27× | ||
| Q3 24 | — | 1.46× | ||
| Q2 24 | — | -1.59× | ||
| Q1 24 | — | -1.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FET
| Drilling And Completions Segment | $127.2M | 63% |
| Artificial Lift And Downhole Segment | $75.5M | 37% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
