vs
Side-by-side financial comparison of FORUM ENERGY TECHNOLOGIES, INC. (FET) and JFrog Ltd (FROG). Click either name above to swap in a different company.
FORUM ENERGY TECHNOLOGIES, INC. is the larger business by last-quarter revenue ($202.2M vs $145.3M, roughly 1.4× JFrog Ltd). FORUM ENERGY TECHNOLOGIES, INC. runs the higher net margin — 1.0% vs -10.5%, a 11.5% gap on every dollar of revenue. On growth, JFrog Ltd posted the faster year-over-year revenue change (25.2% vs 0.6%). JFrog Ltd produced more free cash flow last quarter ($49.9M vs $20.9M). Over the past eight quarters, JFrog Ltd's revenue compounded faster (20.4% CAGR vs -0.0%).
Forum Energy Technologies is an American oilfield products company that provides products and services to the oil and gas, and renewable industries worldwide.
JFrog Ltd is a global DevOps technology provider that delivers end-to-end software release, artifact management, and security solutions. It serves clients across tech, finance, retail, and manufacturing sectors, helping teams streamline development and delivery workflows for cloud, on-premises, and hybrid infrastructure.
FET vs FROG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $202.2M | $145.3M |
| Net Profit | $2.1M | $-15.2M |
| Gross Margin | 30.2% | 77.9% |
| Operating Margin | 6.3% | -14.7% |
| Net Margin | 1.0% | -10.5% |
| Revenue YoY | 0.6% | 25.2% |
| Net Profit YoY | 102.0% | 34.4% |
| EPS (diluted) | $0.25 | $-0.13 |
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 | $145.3M | ||
| Q3 25 | $196.2M | $136.9M | ||
| Q2 25 | $199.8M | $127.2M | ||
| Q1 25 | $193.3M | $122.4M | ||
| Q4 24 | $201.0M | $116.1M | ||
| Q3 24 | $207.8M | $109.1M | ||
| Q2 24 | $205.2M | $103.0M | ||
| Q1 24 | $202.4M | $100.3M |
| Q4 25 | $2.1M | $-15.2M | ||
| Q3 25 | $-20.6M | $-16.4M | ||
| Q2 25 | $7.7M | $-21.7M | ||
| Q1 25 | $1.1M | $-18.5M | ||
| Q4 24 | $-103.5M | $-23.2M | ||
| Q3 24 | $-14.8M | $-22.9M | ||
| Q2 24 | $-6.7M | $-14.3M | ||
| Q1 24 | $-10.3M | $-8.8M |
| Q4 25 | 30.2% | 77.9% | ||
| Q3 25 | 20.5% | 77.4% | ||
| Q2 25 | 29.7% | 76.3% | ||
| Q1 25 | 30.2% | 75.3% | ||
| Q4 24 | 31.1% | 75.4% | ||
| Q3 24 | 31.6% | 75.0% | ||
| Q2 24 | 30.7% | 78.8% | ||
| Q1 24 | 31.5% | 79.5% |
| Q4 25 | 6.3% | -14.7% | ||
| Q3 25 | -3.1% | -15.8% | ||
| Q2 25 | 7.4% | -20.4% | ||
| Q1 25 | 4.6% | -18.8% | ||
| Q4 24 | -53.1% | -21.9% | ||
| Q3 24 | 4.3% | -27.4% | ||
| Q2 24 | 3.9% | -18.6% | ||
| Q1 24 | 1.6% | -16.6% |
| Q4 25 | 1.0% | -10.5% | ||
| Q3 25 | -10.5% | -12.0% | ||
| Q2 25 | 3.9% | -17.0% | ||
| Q1 25 | 0.6% | -15.1% | ||
| Q4 24 | -51.5% | -20.0% | ||
| Q3 24 | -7.1% | -21.0% | ||
| Q2 24 | -3.3% | -13.9% | ||
| Q1 24 | -5.1% | -8.8% |
| Q4 25 | $0.25 | $-0.13 | ||
| Q3 25 | $-1.76 | $-0.14 | ||
| Q2 25 | $0.61 | $-0.19 | ||
| Q1 25 | $0.09 | $-0.16 | ||
| Q4 24 | $-8.41 | $-0.21 | ||
| Q3 24 | $-1.20 | $-0.21 | ||
| Q2 24 | $-0.54 | $-0.13 | ||
| Q1 24 | $-0.85 | $-0.08 |
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 | $704.4M |
| Total DebtLower is stronger | $135.9M | — |
| Stockholders' EquityBook value | $291.1M | $887.4M |
| Total Assets | $752.5M | $1.3B |
| Debt / EquityLower = less leverage | 0.47× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $34.7M | $704.4M | ||
| Q3 25 | $31.7M | $651.1M | ||
| Q2 25 | $39.0M | $611.7M | ||
| Q1 25 | $31.1M | $563.5M | ||
| Q4 24 | $44.7M | $522.0M | ||
| Q3 24 | $33.3M | $467.8M | ||
| Q2 24 | $31.8M | $591.3M | ||
| Q1 24 | $48.5M | $579.6M |
| Q4 25 | $135.9M | — | ||
| Q3 25 | $140.0M | — | ||
| Q2 25 | $159.3M | — | ||
| Q1 25 | $171.4M | — | ||
| Q4 24 | $188.4M | — | ||
| Q3 24 | $231.5M | — | ||
| Q2 24 | $252.9M | — | ||
| Q1 24 | $287.5M | — |
| Q4 25 | $291.1M | $887.4M | ||
| Q3 25 | $297.3M | $859.4M | ||
| Q2 25 | $334.2M | $826.5M | ||
| Q1 25 | $320.0M | $800.0M | ||
| Q4 24 | $319.9M | $773.5M | ||
| Q3 24 | $443.5M | $756.2M | ||
| Q2 24 | $442.0M | $721.4M | ||
| Q1 24 | $446.2M | $707.8M |
| Q4 25 | $752.5M | $1.3B | ||
| Q3 25 | $770.1M | $1.3B | ||
| Q2 25 | $810.1M | $1.2B | ||
| Q1 25 | $790.1M | $1.2B | ||
| Q4 24 | $816.0M | $1.1B | ||
| Q3 24 | $973.7M | $1.1B | ||
| Q2 24 | $976.8M | $1.0B | ||
| Q1 24 | $1.0B | $997.1M |
| Q4 25 | 0.47× | — | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | 0.54× | — | ||
| Q4 24 | 0.59× | — | ||
| Q3 24 | 0.52× | — | ||
| Q2 24 | 0.57× | — | ||
| Q1 24 | 0.64× | — |
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 | $50.7M |
| Free Cash FlowOCF − Capex | $20.9M | $49.9M |
| FCF MarginFCF / Revenue | 10.3% | 34.3% |
| Capex IntensityCapex / Revenue | 0.8% | 0.6% |
| Cash ConversionOCF / Net Profit | 10.83× | — |
| TTM Free Cash FlowTrailing 4 quarters | $64.4M | $142.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.4M | $50.7M | ||
| Q3 25 | $22.9M | $30.2M | ||
| Q2 25 | $15.8M | $36.1M | ||
| Q1 25 | $9.3M | $28.8M | ||
| Q4 24 | $38.5M | $49.1M | ||
| Q3 24 | $25.6M | $27.6M | ||
| Q2 24 | $23.1M | $16.7M | ||
| Q1 24 | $5.0M | $17.5M |
| Q4 25 | $20.9M | $49.9M | ||
| Q3 25 | $21.5M | $28.8M | ||
| Q2 25 | $14.8M | $35.5M | ||
| Q1 25 | $7.2M | $28.1M | ||
| Q4 24 | $36.1M | $48.5M | ||
| Q3 24 | $24.3M | $26.7M | ||
| Q2 24 | $21.6M | $16.0M | ||
| Q1 24 | $2.1M | $16.6M |
| Q4 25 | 10.3% | 34.3% | ||
| Q3 25 | 10.9% | 21.0% | ||
| Q2 25 | 7.4% | 27.9% | ||
| Q1 25 | 3.7% | 23.0% | ||
| Q4 24 | 18.0% | 41.8% | ||
| Q3 24 | 11.7% | 24.5% | ||
| Q2 24 | 10.5% | 15.5% | ||
| Q1 24 | 1.0% | 16.6% |
| Q4 25 | 0.8% | 0.6% | ||
| Q3 25 | 0.7% | 1.0% | ||
| Q2 25 | 0.5% | 0.5% | ||
| Q1 25 | 1.1% | 0.5% | ||
| Q4 24 | 1.2% | 0.5% | ||
| Q3 24 | 0.6% | 0.9% | ||
| Q2 24 | 0.7% | 0.7% | ||
| Q1 24 | 1.4% | 0.8% |
| Q4 25 | 10.83× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.05× | — | ||
| Q1 25 | 8.31× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
FROG
Segment breakdown not available.
