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Side-by-side financial comparison of FORUM ENERGY TECHNOLOGIES, INC. (FET) and OPKO HEALTH, INC. (OPK). 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 $148.5M, roughly 1.4× OPKO HEALTH, INC.). FORUM ENERGY TECHNOLOGIES, INC. runs the higher net margin — 2.2% vs -21.1%, a 23.2% gap on every dollar of revenue. On growth, FORUM ENERGY TECHNOLOGIES, INC. posted the faster year-over-year revenue change (3.2% vs -19.2%). FORUM ENERGY TECHNOLOGIES, INC. produced more free cash flow last quarter ($1.4M vs $-28.6M). Over the past eight quarters, FORUM ENERGY TECHNOLOGIES, INC.'s revenue compounded faster (0.8% CAGR vs -7.5%).
Forum Energy Technologies is an American oilfield products company that provides products and services to the oil and gas, and renewable industries worldwide.
OPKO Health, Inc. is a medical test and medication company focused on diagnostics and pharmaceuticals. The company is a publicly traded company on NASDAQ and TASE under the symbol "OPK".
FET vs OPK — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $208.7M | $148.5M |
| Net Profit | $4.5M | $-31.3M |
| Gross Margin | 29.2% | 43.1% |
| Operating Margin | 5.3% | -25.8% |
| Net Margin | 2.2% | -21.1% |
| Revenue YoY | 3.2% | -19.2% |
| Net Profit YoY | 300.4% | -322.8% |
| EPS (diluted) | $0.39 | $-0.04 |
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 | $148.5M | ||
| Q3 25 | $196.2M | $151.7M | ||
| Q2 25 | $199.8M | $156.8M | ||
| Q1 25 | $193.3M | $150.0M | ||
| Q4 24 | $201.0M | $183.6M | ||
| Q3 24 | $207.8M | $173.6M | ||
| Q2 24 | $205.2M | $182.2M |
| Q1 26 | $4.5M | — | ||
| Q4 25 | $2.1M | $-31.3M | ||
| Q3 25 | $-20.6M | $21.6M | ||
| Q2 25 | $7.7M | $-148.4M | ||
| Q1 25 | $1.1M | $-67.6M | ||
| Q4 24 | $-103.5M | $14.0M | ||
| Q3 24 | $-14.8M | $24.9M | ||
| Q2 24 | $-6.7M | $-10.3M |
| Q1 26 | 29.2% | — | ||
| Q4 25 | 30.2% | 43.1% | ||
| Q3 25 | 20.5% | 32.9% | ||
| Q2 25 | 29.7% | 31.5% | ||
| Q1 25 | 30.2% | 28.4% | ||
| Q4 24 | 31.1% | 46.1% | ||
| Q3 24 | 31.6% | 23.1% | ||
| Q2 24 | 30.7% | 28.4% |
| Q1 26 | 5.3% | — | ||
| Q4 25 | 6.3% | -25.8% | ||
| Q3 25 | -3.1% | 31.7% | ||
| Q2 25 | 7.4% | -38.3% | ||
| Q1 25 | 4.6% | -44.8% | ||
| Q4 24 | -53.1% | -18.0% | ||
| Q3 24 | 4.3% | 8.2% | ||
| Q2 24 | 3.9% | -33.9% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.0% | -21.1% | ||
| Q3 25 | -10.5% | 14.3% | ||
| Q2 25 | 3.9% | -94.7% | ||
| Q1 25 | 0.6% | -45.1% | ||
| Q4 24 | -51.5% | 7.6% | ||
| Q3 24 | -7.1% | 14.3% | ||
| Q2 24 | -3.3% | -5.7% |
| Q1 26 | $0.39 | — | ||
| Q4 25 | $0.25 | $-0.04 | ||
| Q3 25 | $-1.76 | $0.03 | ||
| Q2 25 | $0.61 | $-0.19 | ||
| Q1 25 | $0.09 | $-0.10 | ||
| Q4 24 | $-8.41 | $0.02 | ||
| Q3 24 | $-1.20 | $0.03 | ||
| 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 | $364.4M |
| Total DebtLower is stronger | $153.7M | $344.0M |
| Stockholders' EquityBook value | $280.7M | $1.3B |
| Total Assets | $763.1M | $1.9B |
| Debt / EquityLower = less leverage | 0.55× | 0.27× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $37.5M | — | ||
| Q4 25 | $34.7M | $364.4M | ||
| Q3 25 | $31.7M | $412.0M | ||
| Q2 25 | $39.0M | $267.3M | ||
| Q1 25 | $31.1M | $428.8M | ||
| Q4 24 | $44.7M | $426.6M | ||
| Q3 24 | $33.3M | $400.1M | ||
| Q2 24 | $31.8M | $40.6M |
| Q1 26 | $153.7M | — | ||
| Q4 25 | $135.9M | $344.0M | ||
| Q3 25 | $140.0M | $344.2M | ||
| Q2 25 | $159.3M | $343.3M | ||
| Q1 25 | $171.4M | $439.2M | ||
| Q4 24 | $188.4M | $437.2M | ||
| Q3 24 | $231.5M | $441.0M | ||
| Q2 24 | $252.9M | $201.9M |
| Q1 26 | $280.7M | — | ||
| Q4 25 | $291.1M | $1.3B | ||
| Q3 25 | $297.3M | $1.3B | ||
| Q2 25 | $334.2M | $1.3B | ||
| Q1 25 | $320.0M | $1.3B | ||
| Q4 24 | $319.9M | $1.4B | ||
| Q3 24 | $443.5M | $1.4B | ||
| Q2 24 | $442.0M | $1.4B |
| Q1 26 | $763.1M | — | ||
| Q4 25 | $752.5M | $1.9B | ||
| Q3 25 | $770.1M | $2.0B | ||
| Q2 25 | $810.1M | $2.0B | ||
| Q1 25 | $790.1M | $2.1B | ||
| Q4 24 | $816.0M | $2.2B | ||
| Q3 24 | $973.7M | $2.3B | ||
| Q2 24 | $976.8M | $2.0B |
| Q1 26 | 0.55× | — | ||
| Q4 25 | 0.47× | 0.27× | ||
| Q3 25 | 0.47× | 0.26× | ||
| Q2 25 | 0.48× | 0.26× | ||
| Q1 25 | 0.54× | 0.33× | ||
| Q4 24 | 0.59× | 0.32× | ||
| Q3 24 | 0.52× | 0.31× | ||
| Q2 24 | 0.57× | 0.14× |
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 | $-25.9M |
| Free Cash FlowOCF − Capex | $1.4M | $-28.6M |
| FCF MarginFCF / Revenue | 0.7% | -19.3% |
| Capex IntensityCapex / Revenue | 0.1% | 1.8% |
| Cash ConversionOCF / Net Profit | 0.36× | — |
| TTM Free Cash FlowTrailing 4 quarters | $58.5M | $-190.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.6M | — | ||
| Q4 25 | $22.4M | $-25.9M | ||
| Q3 25 | $22.9M | $-34.6M | ||
| Q2 25 | $15.8M | $-83.4M | ||
| Q1 25 | $9.3M | $-34.6M | ||
| Q4 24 | $38.5M | $-44.4M | ||
| Q3 24 | $25.6M | $-77.1M | ||
| Q2 24 | $23.1M | $-26.4M |
| Q1 26 | $1.4M | — | ||
| Q4 25 | $20.9M | $-28.6M | ||
| Q3 25 | $21.5M | $-37.8M | ||
| Q2 25 | $14.8M | $-86.7M | ||
| Q1 25 | $7.2M | $-37.7M | ||
| Q4 24 | $36.1M | $-49.8M | ||
| Q3 24 | $24.3M | $-85.0M | ||
| Q2 24 | $21.6M | $-33.7M |
| Q1 26 | 0.7% | — | ||
| Q4 25 | 10.3% | -19.3% | ||
| Q3 25 | 10.9% | -24.9% | ||
| Q2 25 | 7.4% | -55.3% | ||
| Q1 25 | 3.7% | -25.2% | ||
| Q4 24 | 18.0% | -27.1% | ||
| Q3 24 | 11.7% | -49.0% | ||
| Q2 24 | 10.5% | -18.5% |
| Q1 26 | 0.1% | — | ||
| Q4 25 | 0.8% | 1.8% | ||
| Q3 25 | 0.7% | 2.1% | ||
| Q2 25 | 0.5% | 2.1% | ||
| Q1 25 | 1.1% | 2.1% | ||
| Q4 24 | 1.2% | 2.9% | ||
| Q3 24 | 0.6% | 4.6% | ||
| Q2 24 | 0.7% | 4.0% |
| Q1 26 | 0.36× | — | ||
| Q4 25 | 10.83× | — | ||
| Q3 25 | — | -1.60× | ||
| Q2 25 | 2.05× | — | ||
| Q1 25 | 8.31× | — | ||
| Q4 24 | — | -3.17× | ||
| Q3 24 | — | -3.10× | ||
| Q2 24 | — | — |
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% |
OPK
| Services | $71.1M | 48% |
| Transfer Of Intellectual Property And Other | $33.7M | 23% |
| IE | $22.1M | 15% |
| Rayaldee | $8.8M | 6% |
| Barda Agreement | $6.8M | 5% |
| MX | $6.3M | 4% |
