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Side-by-side financial comparison of FORUM ENERGY TECHNOLOGIES, INC. (FET) and Hilltop Holdings Inc. (HTH). Click either name above to swap in a different company.
Hilltop Holdings Inc. is the larger business by last-quarter revenue ($300.5M vs $208.7M, roughly 1.4× FORUM ENERGY TECHNOLOGIES, INC.). Hilltop Holdings Inc. runs the higher net margin — 13.0% vs 2.2%, a 10.8% gap on every dollar of revenue. Over the past eight quarters, FORUM ENERGY TECHNOLOGIES, INC.'s revenue compounded faster (0.8% CAGR vs 0.6%).
Forum Energy Technologies is an American oilfield products company that provides products and services to the oil and gas, and renewable industries worldwide.
Hilltop Holdings Inc. is a financial holding company based in Dallas, Texas. It offers financial products and banking services through three primary subsidiaries: PlainsCapital Bank, PrimeLending, and HilltopSecurities.
FET vs HTH — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $208.7M | $300.5M |
| Net Profit | $4.5M | $39.0M |
| Gross Margin | 29.2% | — |
| Operating Margin | 5.3% | — |
| Net Margin | 2.2% | 13.0% |
| Revenue YoY | 3.2% | — |
| Net Profit YoY | 300.4% | -12.4% |
| EPS (diluted) | $0.39 | $0.64 |
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 | $300.5M | ||
| Q4 25 | $202.2M | $329.9M | ||
| Q3 25 | $196.2M | $330.2M | ||
| Q2 25 | $199.8M | $303.3M | ||
| Q1 25 | $193.3M | $318.5M | ||
| Q4 24 | $201.0M | $301.1M | ||
| Q3 24 | $207.8M | $305.5M | ||
| Q2 24 | $205.2M | $297.0M |
| Q1 26 | $4.5M | $39.0M | ||
| Q4 25 | $2.1M | $41.6M | ||
| Q3 25 | $-20.6M | $45.8M | ||
| Q2 25 | $7.7M | $36.1M | ||
| Q1 25 | $1.1M | $42.1M | ||
| Q4 24 | $-103.5M | $35.5M | ||
| Q3 24 | $-14.8M | $29.7M | ||
| Q2 24 | $-6.7M | $20.3M |
| 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% | 16.1% | ||
| Q3 25 | -3.1% | 18.4% | ||
| Q2 25 | 7.4% | 16.3% | ||
| Q1 25 | 4.6% | 18.1% | ||
| Q4 24 | -53.1% | 14.7% | ||
| Q3 24 | 4.3% | 13.9% | ||
| Q2 24 | 3.9% | 10.0% |
| Q1 26 | 2.2% | 13.0% | ||
| Q4 25 | 1.0% | 12.6% | ||
| Q3 25 | -10.5% | 13.9% | ||
| Q2 25 | 3.9% | 11.9% | ||
| Q1 25 | 0.6% | 13.2% | ||
| Q4 24 | -51.5% | 11.8% | ||
| Q3 24 | -7.1% | 9.7% | ||
| Q2 24 | -3.3% | 6.8% |
| Q1 26 | $0.39 | $0.64 | ||
| Q4 25 | $0.25 | $0.68 | ||
| Q3 25 | $-1.76 | $0.74 | ||
| Q2 25 | $0.61 | $0.57 | ||
| Q1 25 | $0.09 | $0.65 | ||
| Q4 24 | $-8.41 | $0.55 | ||
| Q3 24 | $-1.20 | $0.46 | ||
| Q2 24 | $-0.54 | $0.31 |
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 | — |
| Total DebtLower is stronger | $153.7M | $990.8M |
| Stockholders' EquityBook value | $280.7M | $2.2B |
| Total Assets | $763.1M | $15.7B |
| Debt / EquityLower = less leverage | 0.55× | 0.46× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $37.5M | — | ||
| Q4 25 | $34.7M | — | ||
| Q3 25 | $31.7M | — | ||
| Q2 25 | $39.0M | — | ||
| Q1 25 | $31.1M | — | ||
| Q4 24 | $44.7M | — | ||
| Q3 24 | $33.3M | — | ||
| Q2 24 | $31.8M | — |
| Q1 26 | $153.7M | $990.8M | ||
| 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 | $2.2B | ||
| Q4 25 | $291.1M | $2.2B | ||
| Q3 25 | $297.3M | $2.2B | ||
| Q2 25 | $334.2M | $2.2B | ||
| Q1 25 | $320.0M | $2.2B | ||
| Q4 24 | $319.9M | $2.2B | ||
| Q3 24 | $443.5M | $2.2B | ||
| Q2 24 | $442.0M | $2.1B |
| Q1 26 | $763.1M | $15.7B | ||
| Q4 25 | $752.5M | $15.8B | ||
| Q3 25 | $770.1M | $15.6B | ||
| Q2 25 | $810.1M | $15.4B | ||
| Q1 25 | $790.1M | $15.8B | ||
| Q4 24 | $816.0M | $16.3B | ||
| Q3 24 | $973.7M | $15.9B | ||
| Q2 24 | $976.8M | $15.6B |
| Q1 26 | 0.55× | 0.46× | ||
| 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 | — |
| 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 | $-38.7M | ||
| Q3 25 | $22.9M | $273.0M | ||
| Q2 25 | $15.8M | $-234.6M | ||
| Q1 25 | $9.3M | $5.8M | ||
| Q4 24 | $38.5M | $273.9M | ||
| Q3 24 | $25.6M | $515.6M | ||
| Q2 24 | $23.1M | $-435.3M |
| Q1 26 | $1.4M | — | ||
| Q4 25 | $20.9M | $-55.5M | ||
| Q3 25 | $21.5M | $271.0M | ||
| Q2 25 | $14.8M | $-234.6M | ||
| Q1 25 | $7.2M | $5.0M | ||
| Q4 24 | $36.1M | $266.8M | ||
| Q3 24 | $24.3M | $513.8M | ||
| Q2 24 | $21.6M | $-437.3M |
| Q1 26 | 0.7% | — | ||
| Q4 25 | 10.3% | -16.8% | ||
| Q3 25 | 10.9% | 82.1% | ||
| Q2 25 | 7.4% | -77.4% | ||
| Q1 25 | 3.7% | 1.6% | ||
| Q4 24 | 18.0% | 88.6% | ||
| Q3 24 | 11.7% | 168.2% | ||
| Q2 24 | 10.5% | -147.2% |
| Q1 26 | 0.1% | — | ||
| Q4 25 | 0.8% | 5.1% | ||
| Q3 25 | 0.7% | 0.6% | ||
| Q2 25 | 0.5% | 0.0% | ||
| Q1 25 | 1.1% | 0.3% | ||
| Q4 24 | 1.2% | 2.4% | ||
| Q3 24 | 0.6% | 0.6% | ||
| Q2 24 | 0.7% | 0.7% |
| Q1 26 | 0.36× | — | ||
| Q4 25 | 10.83× | -0.93× | ||
| Q3 25 | — | 5.96× | ||
| Q2 25 | 2.05× | -6.50× | ||
| Q1 25 | 8.31× | 0.14× | ||
| Q4 24 | — | 7.71× | ||
| Q3 24 | — | 17.36× | ||
| Q2 24 | — | -21.41× |
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% |
HTH
| Noninterest Income | $188.4M | 63% |
| Net Interest Income | $112.1M | 37% |
