vs
Side-by-side financial comparison of FORUM ENERGY TECHNOLOGIES, INC. (FET) and CPI Card Group Inc. (PMTS). 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 $153.1M, roughly 1.4× CPI Card Group Inc.). CPI Card Group Inc. runs the higher net margin — 4.8% vs 2.2%, a 2.6% gap on every dollar of revenue. On growth, CPI Card Group Inc. posted the faster year-over-year revenue change (22.3% vs 3.2%). CPI Card Group Inc. produced more free cash flow last quarter ($35.2M vs $1.4M). Over the past eight quarters, CPI Card Group Inc.'s revenue compounded faster (16.9% 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.
CPI Card Group Inc. is a leading provider of payment card production and associated solutions, including contactless and contact credit/debit cards, prepaid cards, and card personalization services. It primarily serves financial institutions, fintech firms, and retail brands across its core North American market.
FET vs PMTS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $208.7M | $153.1M |
| Net Profit | $4.5M | $7.3M |
| Gross Margin | 29.2% | 31.5% |
| Operating Margin | 5.3% | 12.0% |
| Net Margin | 2.2% | 4.8% |
| Revenue YoY | 3.2% | 22.3% |
| Net Profit YoY | 300.4% | 8.5% |
| EPS (diluted) | $0.39 | $0.62 |
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 | $153.1M | ||
| Q3 25 | $196.2M | $138.0M | ||
| Q2 25 | $199.8M | $129.8M | ||
| Q1 25 | $193.3M | $122.8M | ||
| Q4 24 | $201.0M | $125.1M | ||
| Q3 24 | $207.8M | $124.8M | ||
| Q2 24 | $205.2M | $118.8M |
| Q1 26 | $4.5M | — | ||
| Q4 25 | $2.1M | $7.3M | ||
| Q3 25 | $-20.6M | $2.3M | ||
| Q2 25 | $7.7M | $518.0K | ||
| Q1 25 | $1.1M | $4.8M | ||
| Q4 24 | $-103.5M | $6.8M | ||
| Q3 24 | $-14.8M | $1.3M | ||
| Q2 24 | $-6.7M | $6.0M |
| Q1 26 | 29.2% | — | ||
| Q4 25 | 30.2% | 31.5% | ||
| Q3 25 | 20.5% | 29.7% | ||
| Q2 25 | 29.7% | 30.9% | ||
| Q1 25 | 30.2% | 33.2% | ||
| Q4 24 | 31.1% | 34.1% | ||
| Q3 24 | 31.6% | 35.8% | ||
| Q2 24 | 30.7% | 35.7% |
| Q1 26 | 5.3% | — | ||
| Q4 25 | 6.3% | 12.0% | ||
| Q3 25 | -3.1% | 9.4% | ||
| Q2 25 | 7.4% | 7.3% | ||
| Q1 25 | 4.6% | 11.5% | ||
| Q4 24 | -53.1% | 12.7% | ||
| Q3 24 | 4.3% | 14.3% | ||
| Q2 24 | 3.9% | 12.5% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.0% | 4.8% | ||
| Q3 25 | -10.5% | 1.7% | ||
| Q2 25 | 3.9% | 0.4% | ||
| Q1 25 | 0.6% | 3.9% | ||
| Q4 24 | -51.5% | 5.4% | ||
| Q3 24 | -7.1% | 1.0% | ||
| Q2 24 | -3.3% | 5.1% |
| Q1 26 | $0.39 | — | ||
| Q4 25 | $0.25 | $0.62 | ||
| Q3 25 | $-1.76 | $0.19 | ||
| Q2 25 | $0.61 | $0.04 | ||
| Q1 25 | $0.09 | $0.40 | ||
| Q4 24 | $-8.41 | $0.56 | ||
| Q3 24 | $-1.20 | $0.11 | ||
| Q2 24 | $-0.54 | $0.51 |
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 | $21.7M |
| Total DebtLower is stronger | $153.7M | $286.7M |
| Stockholders' EquityBook value | $280.7M | $-17.3M |
| Total Assets | $763.1M | $403.2M |
| Debt / EquityLower = less leverage | 0.55× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $37.5M | — | ||
| Q4 25 | $34.7M | $21.7M | ||
| Q3 25 | $31.7M | $16.0M | ||
| Q2 25 | $39.0M | $17.1M | ||
| Q1 25 | $31.1M | $31.5M | ||
| Q4 24 | $44.7M | $33.5M | ||
| Q3 24 | $33.3M | $14.7M | ||
| Q2 24 | $31.8M | $7.5M |
| Q1 26 | $153.7M | — | ||
| Q4 25 | $135.9M | $286.7M | ||
| Q3 25 | $140.0M | $308.4M | ||
| Q2 25 | $159.3M | $310.9M | ||
| Q1 25 | $171.4M | $280.7M | ||
| Q4 24 | $188.4M | $280.4M | ||
| Q3 24 | $231.5M | $280.2M | ||
| Q2 24 | $252.9M | $269.7M |
| Q1 26 | $280.7M | — | ||
| Q4 25 | $291.1M | $-17.3M | ||
| Q3 25 | $297.3M | $-25.7M | ||
| Q2 25 | $334.2M | $-29.0M | ||
| Q1 25 | $320.0M | $-29.7M | ||
| Q4 24 | $319.9M | $-35.6M | ||
| Q3 24 | $443.5M | $-42.8M | ||
| Q2 24 | $442.0M | $-44.6M |
| Q1 26 | $763.1M | — | ||
| Q4 25 | $752.5M | $403.2M | ||
| Q3 25 | $770.1M | $407.1M | ||
| Q2 25 | $810.1M | $399.8M | ||
| Q1 25 | $790.1M | $351.9M | ||
| Q4 24 | $816.0M | $349.7M | ||
| Q3 24 | $973.7M | $342.3M | ||
| Q2 24 | $976.8M | $321.4M |
| 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 | $39.6M |
| Free Cash FlowOCF − Capex | $1.4M | $35.2M |
| FCF MarginFCF / Revenue | 0.7% | 23.0% |
| Capex IntensityCapex / Revenue | 0.1% | 2.9% |
| Cash ConversionOCF / Net Profit | 0.36× | 5.39× |
| TTM Free Cash FlowTrailing 4 quarters | $58.5M | $41.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.6M | — | ||
| Q4 25 | $22.4M | $39.6M | ||
| Q3 25 | $22.9M | $10.0M | ||
| Q2 25 | $15.8M | $4.3M | ||
| Q1 25 | $9.3M | $5.6M | ||
| Q4 24 | $38.5M | $26.7M | ||
| Q3 24 | $25.6M | $12.5M | ||
| Q2 24 | $23.1M | $-4.8M |
| Q1 26 | $1.4M | — | ||
| Q4 25 | $20.9M | $35.2M | ||
| Q3 25 | $21.5M | $5.3M | ||
| Q2 25 | $14.8M | $533.0K | ||
| Q1 25 | $7.2M | $292.0K | ||
| Q4 24 | $36.1M | $21.6M | ||
| Q3 24 | $24.3M | $11.1M | ||
| Q2 24 | $21.6M | $-6.0M |
| Q1 26 | 0.7% | — | ||
| Q4 25 | 10.3% | 23.0% | ||
| Q3 25 | 10.9% | 3.8% | ||
| Q2 25 | 7.4% | 0.4% | ||
| Q1 25 | 3.7% | 0.2% | ||
| Q4 24 | 18.0% | 17.3% | ||
| Q3 24 | 11.7% | 8.9% | ||
| Q2 24 | 10.5% | -5.0% |
| Q1 26 | 0.1% | — | ||
| Q4 25 | 0.8% | 2.9% | ||
| Q3 25 | 0.7% | 3.4% | ||
| Q2 25 | 0.5% | 2.9% | ||
| Q1 25 | 1.1% | 4.3% | ||
| Q4 24 | 1.2% | 4.0% | ||
| Q3 24 | 0.6% | 1.2% | ||
| Q2 24 | 0.7% | 1.0% |
| Q1 26 | 0.36× | — | ||
| Q4 25 | 10.83× | 5.39× | ||
| Q3 25 | — | 4.32× | ||
| Q2 25 | 2.05× | 8.39× | ||
| Q1 25 | 8.31× | 1.17× | ||
| Q4 24 | — | 3.94× | ||
| Q3 24 | — | 9.70× | ||
| Q2 24 | — | -0.79× |
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% |
PMTS
| US Debit And Credit | $128.9M | 84% |
| US Prepaid Debit | $24.4M | 16% |
