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Side-by-side financial comparison of FORUM ENERGY TECHNOLOGIES, INC. (FET) and Palomar Holdings, Inc. (PLMR). Click either name above to swap in a different company.
Palomar Holdings, Inc. is the larger business by last-quarter revenue ($253.4M vs $208.7M, roughly 1.2× FORUM ENERGY TECHNOLOGIES, INC.). On growth, Palomar Holdings, Inc. posted the faster year-over-year revenue change (62.7% vs 3.2%). Palomar Holdings, Inc. produced more free cash flow last quarter ($409.0M vs $1.4M). Over the past eight quarters, Palomar Holdings, Inc.'s revenue compounded faster (46.2% 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.
Palomar Holdings, Inc. is a specialty insurance holding company that primarily provides property insurance products for catastrophe-exposed residential and commercial assets. It mainly operates across the United States, focusing on core segments including earthquake, flood, and windstorm coverage to meet high-risk property protection demands of customers.
FET vs PLMR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $208.7M | $253.4M |
| Net Profit | $4.5M | — |
| Gross Margin | 29.2% | — |
| Operating Margin | 5.3% | 28.7% |
| Net Margin | 2.2% | — |
| Revenue YoY | 3.2% | 62.7% |
| Net Profit YoY | 300.4% | — |
| EPS (diluted) | $0.39 | $2.05 |
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 | $253.4M | ||
| Q3 25 | $196.2M | $244.7M | ||
| Q2 25 | $199.8M | $203.3M | ||
| Q1 25 | $193.3M | $174.6M | ||
| Q4 24 | $201.0M | $155.8M | ||
| Q3 24 | $207.8M | $148.5M | ||
| Q2 24 | $205.2M | $131.1M |
| Q1 26 | $4.5M | — | ||
| Q4 25 | $2.1M | — | ||
| Q3 25 | $-20.6M | $51.5M | ||
| Q2 25 | $7.7M | $46.5M | ||
| Q1 25 | $1.1M | $42.9M | ||
| Q4 24 | $-103.5M | — | ||
| Q3 24 | $-14.8M | $30.5M | ||
| Q2 24 | $-6.7M | $25.7M |
| 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% | 28.7% | ||
| Q3 25 | -3.1% | 27.4% | ||
| Q2 25 | 7.4% | 29.5% | ||
| Q1 25 | 4.6% | 30.8% | ||
| Q4 24 | -53.1% | 28.9% | ||
| Q3 24 | 4.3% | 25.9% | ||
| Q2 24 | 3.9% | 25.5% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.0% | — | ||
| Q3 25 | -10.5% | 21.0% | ||
| Q2 25 | 3.9% | 22.9% | ||
| Q1 25 | 0.6% | 24.6% | ||
| Q4 24 | -51.5% | — | ||
| Q3 24 | -7.1% | 20.5% | ||
| Q2 24 | -3.3% | 19.6% |
| Q1 26 | $0.39 | — | ||
| Q4 25 | $0.25 | $2.05 | ||
| Q3 25 | $-1.76 | $1.87 | ||
| Q2 25 | $0.61 | $1.68 | ||
| Q1 25 | $0.09 | $1.57 | ||
| Q4 24 | $-8.41 | $1.29 | ||
| Q3 24 | $-1.20 | $1.15 | ||
| Q2 24 | $-0.54 | $1.00 |
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 | $106.9M |
| Total DebtLower is stronger | $153.7M | — |
| Stockholders' EquityBook value | $280.7M | $942.7M |
| Total Assets | $763.1M | $3.1B |
| Debt / EquityLower = less leverage | 0.55× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $37.5M | — | ||
| Q4 25 | $34.7M | $106.9M | ||
| Q3 25 | $31.7M | $111.7M | ||
| Q2 25 | $39.0M | $81.3M | ||
| Q1 25 | $31.1M | $119.3M | ||
| Q4 24 | $44.7M | $80.4M | ||
| Q3 24 | $33.3M | $86.5M | ||
| Q2 24 | $31.8M | $47.8M |
| 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 | $942.7M | ||
| Q3 25 | $297.3M | $878.1M | ||
| Q2 25 | $334.2M | $847.2M | ||
| Q1 25 | $320.0M | $790.4M | ||
| Q4 24 | $319.9M | $729.0M | ||
| Q3 24 | $443.5M | $703.3M | ||
| Q2 24 | $442.0M | $532.6M |
| Q1 26 | $763.1M | — | ||
| Q4 25 | $752.5M | $3.1B | ||
| Q3 25 | $770.1M | $2.9B | ||
| Q2 25 | $810.1M | $2.8B | ||
| Q1 25 | $790.1M | $2.4B | ||
| Q4 24 | $816.0M | $2.3B | ||
| Q3 24 | $973.7M | $2.3B | ||
| Q2 24 | $976.8M | $2.0B |
| 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 | $409.1M |
| Free Cash FlowOCF − Capex | $1.4M | $409.0M |
| FCF MarginFCF / Revenue | 0.7% | 161.4% |
| Capex IntensityCapex / Revenue | 0.1% | 0.1% |
| Cash ConversionOCF / Net Profit | 0.36× | — |
| TTM Free Cash FlowTrailing 4 quarters | $58.5M | $700.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.6M | — | ||
| Q4 25 | $22.4M | $409.1M | ||
| Q3 25 | $22.9M | $83.6M | ||
| Q2 25 | $15.8M | $120.9M | ||
| Q1 25 | $9.3M | $87.2M | ||
| Q4 24 | $38.5M | $261.2M | ||
| Q3 24 | $25.6M | $100.3M | ||
| Q2 24 | $23.1M | $55.1M |
| Q1 26 | $1.4M | — | ||
| Q4 25 | $20.9M | $409.0M | ||
| Q3 25 | $21.5M | $83.6M | ||
| Q2 25 | $14.8M | $120.8M | ||
| Q1 25 | $7.2M | $87.1M | ||
| Q4 24 | $36.1M | $260.9M | ||
| Q3 24 | $24.3M | $100.1M | ||
| Q2 24 | $21.6M | — |
| Q1 26 | 0.7% | — | ||
| Q4 25 | 10.3% | 161.4% | ||
| Q3 25 | 10.9% | 34.2% | ||
| Q2 25 | 7.4% | 59.4% | ||
| Q1 25 | 3.7% | 49.9% | ||
| Q4 24 | 18.0% | 167.5% | ||
| Q3 24 | 11.7% | 67.4% | ||
| Q2 24 | 10.5% | — |
| Q1 26 | 0.1% | — | ||
| Q4 25 | 0.8% | 0.1% | ||
| Q3 25 | 0.7% | 0.0% | ||
| Q2 25 | 0.5% | 0.0% | ||
| Q1 25 | 1.1% | 0.0% | ||
| Q4 24 | 1.2% | 0.2% | ||
| Q3 24 | 0.6% | 0.1% | ||
| Q2 24 | 0.7% | 0.0% |
| Q1 26 | 0.36× | — | ||
| Q4 25 | 10.83× | — | ||
| Q3 25 | — | 1.63× | ||
| Q2 25 | 2.05× | 2.60× | ||
| Q1 25 | 8.31× | 2.03× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.29× | ||
| Q2 24 | — | 2.14× |
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% |
PLMR
Segment breakdown not available.
