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Side-by-side financial comparison of FORUM ENERGY TECHNOLOGIES, INC. (FET) and HA Sustainable Infrastructure Capital, Inc. (HASI). Click either name above to swap in a different company.
FORUM ENERGY TECHNOLOGIES, INC. is the larger business by last-quarter revenue ($208.7M vs $114.8M, roughly 1.8× HA Sustainable Infrastructure Capital, Inc.). FORUM ENERGY TECHNOLOGIES, INC. runs the higher net margin — 2.2% vs -46.8%, a 49.0% gap on every dollar of revenue. On growth, HA Sustainable Infrastructure Capital, Inc. posted the faster year-over-year revenue change (13.3% vs 3.2%). Over the past eight quarters, HA Sustainable Infrastructure Capital, Inc.'s revenue compounded faster (4.2% CAGR vs 0.8%).
Forum Energy Technologies is an American oilfield products company that provides products and services to the oil and gas, and renewable industries worldwide.
HA Sustainable Infrastructure Capital, Inc. (HASI) is a specialized investment firm focused on sustainable infrastructure assets covering renewable energy, energy efficiency, sustainable real estate and low-carbon utility segments. It primarily operates in North American markets, providing long-term capital to eligible sustainable projects and delivering stable risk-adjusted returns to investors through recurring cash flows from operational underlying assets.
FET vs HASI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $208.7M | $114.8M |
| Net Profit | $4.5M | $-53.8M |
| Gross Margin | 29.2% | — |
| Operating Margin | 5.3% | -57.4% |
| Net Margin | 2.2% | -46.8% |
| Revenue YoY | 3.2% | 13.3% |
| Net Profit YoY | 300.4% | -176.7% |
| EPS (diluted) | $0.39 | $-0.38 |
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.
| Q1 26 | $208.7M | — | ||
| Q4 25 | $202.2M | $114.8M | ||
| Q3 25 | $196.2M | $103.1M | ||
| Q2 25 | $199.8M | $85.7M | ||
| Q1 25 | $193.3M | $96.9M | ||
| Q4 24 | $201.0M | $101.3M | ||
| Q3 24 | $207.8M | $82.0M | ||
| Q2 24 | $205.2M | $94.5M |
| Q1 26 | $4.5M | — | ||
| Q4 25 | $2.1M | $-53.8M | ||
| Q3 25 | $-20.6M | $83.3M | ||
| Q2 25 | $7.7M | $98.4M | ||
| Q1 25 | $1.1M | $56.6M | ||
| Q4 24 | $-103.5M | $70.1M | ||
| Q3 24 | $-14.8M | $-19.6M | ||
| Q2 24 | $-6.7M | $26.5M |
| Q1 26 | 29.2% | — | ||
| Q4 25 | 30.2% | — | ||
| Q3 25 | 20.5% | — | ||
| Q2 25 | 29.7% | — | ||
| Q1 25 | 30.2% | — | ||
| Q4 24 | 31.1% | — | ||
| Q3 24 | 31.6% | — | ||
| Q2 24 | 30.7% | — |
| Q1 26 | 5.3% | — | ||
| Q4 25 | 6.3% | -57.4% | ||
| Q3 25 | -3.1% | — | ||
| Q2 25 | 7.4% | — | ||
| Q1 25 | 4.6% | 84.7% | ||
| Q4 24 | -53.1% | 90.9% | ||
| Q3 24 | 4.3% | -32.1% | ||
| Q2 24 | 3.9% | 39.5% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.0% | -46.8% | ||
| Q3 25 | -10.5% | 80.8% | ||
| Q2 25 | 3.9% | 114.9% | ||
| Q1 25 | 0.6% | 58.4% | ||
| Q4 24 | -51.5% | 69.2% | ||
| Q3 24 | -7.1% | -23.9% | ||
| Q2 24 | -3.3% | 28.1% |
| Q1 26 | $0.39 | — | ||
| Q4 25 | $0.25 | $-0.38 | ||
| Q3 25 | $-1.76 | $0.61 | ||
| Q2 25 | $0.61 | $0.74 | ||
| Q1 25 | $0.09 | $0.44 | ||
| Q4 24 | $-8.41 | $0.58 | ||
| Q3 24 | $-1.20 | $-0.17 | ||
| Q2 24 | $-0.54 | $0.23 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $37.5M | $110.2M |
| Total DebtLower is stronger | $153.7M | — |
| Stockholders' EquityBook value | $280.7M | $2.7B |
| Total Assets | $763.1M | $8.2B |
| Debt / EquityLower = less leverage | 0.55× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $37.5M | — | ||
| Q4 25 | $34.7M | $110.2M | ||
| Q3 25 | $31.7M | $301.8M | ||
| Q2 25 | $39.0M | $86.5M | ||
| Q1 25 | $31.1M | $67.4M | ||
| Q4 24 | $44.7M | $129.8M | ||
| Q3 24 | $33.3M | $44.1M | ||
| Q2 24 | $31.8M | $145.7M |
| Q1 26 | $153.7M | — | ||
| 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 26 | $280.7M | — | ||
| Q4 25 | $291.1M | $2.7B | ||
| Q3 25 | $297.3M | $2.7B | ||
| Q2 25 | $334.2M | $2.6B | ||
| Q1 25 | $320.0M | $2.5B | ||
| Q4 24 | $319.9M | $2.4B | ||
| Q3 24 | $443.5M | $2.3B | ||
| Q2 24 | $442.0M | $2.3B |
| Q1 26 | $763.1M | — | ||
| Q4 25 | $752.5M | $8.2B | ||
| Q3 25 | $770.1M | $8.2B | ||
| Q2 25 | $810.1M | $7.6B | ||
| Q1 25 | $790.1M | $7.5B | ||
| Q4 24 | $816.0M | $7.1B | ||
| Q3 24 | $973.7M | $6.7B | ||
| Q2 24 | $976.8M | $6.7B |
| Q1 26 | 0.55× | — | ||
| 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× | — |
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 | $1.6M | $167.3M |
| Free Cash FlowOCF − Capex | $1.4M | — |
| FCF MarginFCF / Revenue | 0.7% | — |
| Capex IntensityCapex / Revenue | 0.1% | — |
| Cash ConversionOCF / Net Profit | 0.36× | — |
| TTM Free Cash FlowTrailing 4 quarters | $58.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.6M | — | ||
| Q4 25 | $22.4M | $167.3M | ||
| Q3 25 | $22.9M | $-121.8M | ||
| Q2 25 | $15.8M | $79.6M | ||
| Q1 25 | $9.3M | $-37.1M | ||
| Q4 24 | $38.5M | $5.9M | ||
| Q3 24 | $25.6M | $21.9M | ||
| Q2 24 | $23.1M | $-24.8M |
| Q1 26 | $1.4M | — | ||
| Q4 25 | $20.9M | — | ||
| Q3 25 | $21.5M | — | ||
| Q2 25 | $14.8M | — | ||
| Q1 25 | $7.2M | — | ||
| Q4 24 | $36.1M | — | ||
| Q3 24 | $24.3M | — | ||
| Q2 24 | $21.6M | — |
| Q1 26 | 0.7% | — | ||
| Q4 25 | 10.3% | — | ||
| Q3 25 | 10.9% | — | ||
| Q2 25 | 7.4% | — | ||
| Q1 25 | 3.7% | — | ||
| Q4 24 | 18.0% | — | ||
| Q3 24 | 11.7% | — | ||
| Q2 24 | 10.5% | — |
| Q1 26 | 0.1% | — | ||
| Q4 25 | 0.8% | — | ||
| Q3 25 | 0.7% | — | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | 1.2% | — | ||
| Q3 24 | 0.6% | — | ||
| Q2 24 | 0.7% | — |
| Q1 26 | 0.36× | — | ||
| Q4 25 | 10.83× | — | ||
| Q3 25 | — | -1.46× | ||
| Q2 25 | 2.05× | 0.81× | ||
| Q1 25 | 8.31× | -0.66× | ||
| Q4 24 | — | 0.08× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -0.94× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FET
| Drilling and Completions | $126.7M | 61% |
| Downhole | $50.6M | 24% |
| Production Equipment | $18.8M | 9% |
| Valve Solutions | $12.8M | 6% |
HASI
Segment breakdown not available.
