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Side-by-side financial comparison of FORUM ENERGY TECHNOLOGIES, INC. (FET) and OLAPLEX HOLDINGS, INC. (OLPX). 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 $105.1M, roughly 2.0× OLAPLEX HOLDINGS, INC.). FORUM ENERGY TECHNOLOGIES, INC. runs the higher net margin — 2.2% vs -12.5%, a 14.6% gap on every dollar of revenue. On growth, OLAPLEX HOLDINGS, INC. posted the faster year-over-year revenue change (4.3% vs 3.2%). OLAPLEX HOLDINGS, INC. produced more free cash flow last quarter ($32.6M vs $1.4M). Over the past eight quarters, OLAPLEX HOLDINGS, INC.'s revenue compounded faster (3.1% 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.
Olaplex Holdings, Inc. is a specialty beauty company developing and selling patented bond-repair hair care products. It runs three core segments: professional salon distribution, direct-to-consumer sales, and third-party retail, serving customers across North America, Europe, and Asia-Pacific with products that repair and protect damaged hair.
FET vs OLPX — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $208.7M | $105.1M |
| Net Profit | $4.5M | $-13.1M |
| Gross Margin | 29.2% | 68.0% |
| Operating Margin | 5.3% | -4.3% |
| Net Margin | 2.2% | -12.5% |
| Revenue YoY | 3.2% | 4.3% |
| Net Profit YoY | 300.4% | -48.9% |
| EPS (diluted) | $0.39 | $-0.02 |
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 | $105.1M | ||
| Q3 25 | $196.2M | $114.6M | ||
| Q2 25 | $199.8M | $106.3M | ||
| Q1 25 | $193.3M | $97.0M | ||
| Q4 24 | $201.0M | $100.7M | ||
| Q3 24 | $207.8M | $119.1M | ||
| Q2 24 | $205.2M | $103.9M |
| Q1 26 | $4.5M | — | ||
| Q4 25 | $2.1M | $-13.1M | ||
| Q3 25 | $-20.6M | $11.1M | ||
| Q2 25 | $7.7M | $-7.7M | ||
| Q1 25 | $1.1M | $465.0K | ||
| Q4 24 | $-103.5M | $-8.8M | ||
| Q3 24 | $-14.8M | $14.8M | ||
| Q2 24 | $-6.7M | $5.8M |
| Q1 26 | 29.2% | — | ||
| Q4 25 | 30.2% | 68.0% | ||
| Q3 25 | 20.5% | 69.1% | ||
| Q2 25 | 29.7% | 71.2% | ||
| Q1 25 | 30.2% | 69.5% | ||
| Q4 24 | 31.1% | 66.3% | ||
| Q3 24 | 31.6% | 68.6% | ||
| Q2 24 | 30.7% | 69.7% |
| Q1 26 | 5.3% | — | ||
| Q4 25 | 6.3% | -4.3% | ||
| Q3 25 | -3.1% | 3.7% | ||
| Q2 25 | 7.4% | -1.1% | ||
| Q1 25 | 4.6% | 8.7% | ||
| Q4 24 | -53.1% | 3.0% | ||
| Q3 24 | 4.3% | 23.5% | ||
| Q2 24 | 3.9% | 15.7% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.0% | -12.5% | ||
| Q3 25 | -10.5% | 9.7% | ||
| Q2 25 | 3.9% | -7.3% | ||
| Q1 25 | 0.6% | 0.5% | ||
| Q4 24 | -51.5% | -8.7% | ||
| Q3 24 | -7.1% | 12.4% | ||
| Q2 24 | -3.3% | 5.6% |
| Q1 26 | $0.39 | — | ||
| Q4 25 | $0.25 | $-0.02 | ||
| Q3 25 | $-1.76 | $0.02 | ||
| Q2 25 | $0.61 | $-0.01 | ||
| Q1 25 | $0.09 | $0.00 | ||
| Q4 24 | $-8.41 | $-0.01 | ||
| Q3 24 | $-1.20 | $0.02 | ||
| Q2 24 | $-0.54 | $0.01 |
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 | $318.7M |
| Total DebtLower is stronger | $153.7M | $352.3M |
| Stockholders' EquityBook value | $280.7M | $879.4M |
| Total Assets | $763.1M | $1.5B |
| Debt / EquityLower = less leverage | 0.55× | 0.40× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $37.5M | — | ||
| Q4 25 | $34.7M | $318.7M | ||
| Q3 25 | $31.7M | $286.4M | ||
| Q2 25 | $39.0M | $289.3M | ||
| Q1 25 | $31.1M | $580.9M | ||
| Q4 24 | $44.7M | $586.0M | ||
| Q3 24 | $33.3M | $538.8M | ||
| Q2 24 | $31.8M | $507.9M |
| Q1 26 | $153.7M | — | ||
| Q4 25 | $135.9M | $352.3M | ||
| Q3 25 | $140.0M | $352.1M | ||
| Q2 25 | $159.3M | $351.9M | ||
| Q1 25 | $171.4M | $649.1M | ||
| Q4 24 | $188.4M | $650.5M | ||
| Q3 24 | $231.5M | $651.8M | ||
| Q2 24 | $252.9M | $653.1M |
| Q1 26 | $280.7M | — | ||
| Q4 25 | $291.1M | $879.4M | ||
| Q3 25 | $297.3M | $888.7M | ||
| Q2 25 | $334.2M | $874.2M | ||
| Q1 25 | $320.0M | $878.3M | ||
| Q4 24 | $319.9M | $874.4M | ||
| Q3 24 | $443.5M | $879.7M | ||
| Q2 24 | $442.0M | $863.3M |
| Q1 26 | $763.1M | — | ||
| Q4 25 | $752.5M | $1.5B | ||
| Q3 25 | $770.1M | $1.5B | ||
| Q2 25 | $810.1M | $1.5B | ||
| Q1 25 | $790.1M | $1.8B | ||
| Q4 24 | $816.0M | $1.8B | ||
| Q3 24 | $973.7M | $1.8B | ||
| Q2 24 | $976.8M | $1.8B |
| Q1 26 | 0.55× | — | ||
| Q4 25 | 0.47× | 0.40× | ||
| Q3 25 | 0.47× | 0.40× | ||
| Q2 25 | 0.48× | 0.40× | ||
| Q1 25 | 0.54× | 0.74× | ||
| Q4 24 | 0.59× | 0.74× | ||
| Q3 24 | 0.52× | 0.74× | ||
| Q2 24 | 0.57× | 0.76× |
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 | $32.7M |
| Free Cash FlowOCF − Capex | $1.4M | $32.6M |
| FCF MarginFCF / Revenue | 0.7% | 31.0% |
| Capex IntensityCapex / Revenue | 0.1% | 0.1% |
| Cash ConversionOCF / Net Profit | 0.36× | — |
| TTM Free Cash FlowTrailing 4 quarters | $58.5M | $58.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.6M | — | ||
| Q4 25 | $22.4M | $32.7M | ||
| Q3 25 | $22.9M | $8.0M | ||
| Q2 25 | $15.8M | $20.9M | ||
| Q1 25 | $9.3M | $-2.9M | ||
| Q4 24 | $38.5M | $49.7M | ||
| Q3 24 | $25.6M | $33.5M | ||
| Q2 24 | $23.1M | $16.2M |
| Q1 26 | $1.4M | — | ||
| Q4 25 | $20.9M | $32.6M | ||
| Q3 25 | $21.5M | $7.9M | ||
| Q2 25 | $14.8M | $20.8M | ||
| Q1 25 | $7.2M | $-3.0M | ||
| Q4 24 | $36.1M | $49.2M | ||
| Q3 24 | $24.3M | $33.3M | ||
| Q2 24 | $21.6M | $16.1M |
| Q1 26 | 0.7% | — | ||
| Q4 25 | 10.3% | 31.0% | ||
| Q3 25 | 10.9% | 6.9% | ||
| Q2 25 | 7.4% | 19.6% | ||
| Q1 25 | 3.7% | -3.1% | ||
| Q4 24 | 18.0% | 48.9% | ||
| Q3 24 | 11.7% | 28.0% | ||
| Q2 24 | 10.5% | 15.5% |
| Q1 26 | 0.1% | — | ||
| Q4 25 | 0.8% | 0.1% | ||
| Q3 25 | 0.7% | 0.1% | ||
| Q2 25 | 0.5% | 0.1% | ||
| Q1 25 | 1.1% | 0.0% | ||
| Q4 24 | 1.2% | 0.4% | ||
| Q3 24 | 0.6% | 0.1% | ||
| Q2 24 | 0.7% | 0.1% |
| Q1 26 | 0.36× | — | ||
| Q4 25 | 10.83× | — | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | 2.05× | — | ||
| Q1 25 | 8.31× | -6.27× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.26× | ||
| Q2 24 | — | 2.81× |
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% |
OLPX
| Sales Channel Directly To Consumer | $43.6M | 42% |
| Sales Channel Through Intermediary Professional | $36.8M | 35% |
| Sales Channel Through Intermediary Specialty Retail | $24.7M | 23% |
