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Side-by-side financial comparison of FORUM ENERGY TECHNOLOGIES, INC. (FET) and Purple Innovation, Inc. (PRPL). 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 $140.7M, roughly 1.5× Purple Innovation, Inc.). FORUM ENERGY TECHNOLOGIES, INC. runs the higher net margin — 2.2% vs -2.3%, a 4.4% gap on every dollar of revenue. On growth, Purple Innovation, Inc. posted the faster year-over-year revenue change (9.1% vs 3.2%). FORUM ENERGY TECHNOLOGIES, INC. produced more free cash flow last quarter ($1.4M vs $-7.8M). Over the past eight quarters, Purple Innovation, Inc.'s revenue compounded faster (8.3% 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.
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
FET vs PRPL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $208.7M | $140.7M |
| Net Profit | $4.5M | $-3.2M |
| Gross Margin | 29.2% | 41.9% |
| Operating Margin | 5.3% | -1.6% |
| Net Margin | 2.2% | -2.3% |
| Revenue YoY | 3.2% | 9.1% |
| Net Profit YoY | 300.4% | 62.1% |
| EPS (diluted) | $0.39 | $0.03 |
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 | $140.7M | ||
| Q3 25 | $196.2M | $118.8M | ||
| Q2 25 | $199.8M | $105.1M | ||
| Q1 25 | $193.3M | $104.2M | ||
| Q4 24 | $201.0M | $129.0M | ||
| Q3 24 | $207.8M | $118.6M | ||
| Q2 24 | $205.2M | $120.3M |
| Q1 26 | $4.5M | — | ||
| Q4 25 | $2.1M | $-3.2M | ||
| Q3 25 | $-20.6M | $-11.7M | ||
| Q2 25 | $7.7M | $-17.3M | ||
| Q1 25 | $1.1M | $-19.1M | ||
| Q4 24 | $-103.5M | $-8.5M | ||
| Q3 24 | $-14.8M | $-39.2M | ||
| Q2 24 | $-6.7M | $27.0K |
| Q1 26 | 29.2% | — | ||
| Q4 25 | 30.2% | 41.9% | ||
| Q3 25 | 20.5% | 42.8% | ||
| Q2 25 | 29.7% | 35.9% | ||
| Q1 25 | 30.2% | 39.4% | ||
| Q4 24 | 31.1% | 42.9% | ||
| Q3 24 | 31.6% | 29.7% | ||
| Q2 24 | 30.7% | 40.7% |
| Q1 26 | 5.3% | — | ||
| Q4 25 | 6.3% | -1.6% | ||
| Q3 25 | -3.1% | -10.2% | ||
| Q2 25 | 7.4% | -13.5% | ||
| Q1 25 | 4.6% | -13.9% | ||
| Q4 24 | -53.1% | -6.0% | ||
| Q3 24 | 4.3% | -39.5% | ||
| Q2 24 | 3.9% | -12.1% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.0% | -2.3% | ||
| Q3 25 | -10.5% | -9.9% | ||
| Q2 25 | 3.9% | -16.5% | ||
| Q1 25 | 0.6% | -18.4% | ||
| Q4 24 | -51.5% | -6.6% | ||
| Q3 24 | -7.1% | -33.1% | ||
| Q2 24 | -3.3% | 0.0% |
| Q1 26 | $0.39 | — | ||
| Q4 25 | $0.25 | $0.03 | ||
| Q3 25 | $-1.76 | $0.11 | ||
| Q2 25 | $0.61 | $0.16 | ||
| Q1 25 | $0.09 | $0.18 | ||
| Q4 24 | $-8.41 | $0.08 | ||
| Q3 24 | $-1.20 | $0.36 | ||
| Q2 24 | $-0.54 | $0.00 |
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 | $24.3M |
| Total DebtLower is stronger | $153.7M | $126.7M |
| Stockholders' EquityBook value | $280.7M | $-29.7M |
| Total Assets | $763.1M | $296.3M |
| Debt / EquityLower = less leverage | 0.55× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $37.5M | — | ||
| Q4 25 | $34.7M | $24.3M | ||
| Q3 25 | $31.7M | $32.4M | ||
| Q2 25 | $39.0M | $34.2M | ||
| Q1 25 | $31.1M | $21.6M | ||
| Q4 24 | $44.7M | $29.0M | ||
| Q3 24 | $33.3M | $23.4M | ||
| Q2 24 | $31.8M | $23.4M |
| Q1 26 | $153.7M | — | ||
| Q4 25 | $135.9M | $126.7M | ||
| Q3 25 | $140.0M | — | ||
| Q2 25 | $159.3M | — | ||
| Q1 25 | $171.4M | — | ||
| Q4 24 | $188.4M | $70.7M | ||
| Q3 24 | $231.5M | $50.8M | ||
| Q2 24 | $252.9M | — |
| Q1 26 | $280.7M | — | ||
| Q4 25 | $291.1M | $-29.7M | ||
| Q3 25 | $297.3M | $-26.9M | ||
| Q2 25 | $334.2M | $-15.6M | ||
| Q1 25 | $320.0M | $1.3M | ||
| Q4 24 | $319.9M | $20.2M | ||
| Q3 24 | $443.5M | $28.0M | ||
| Q2 24 | $442.0M | $66.4M |
| Q1 26 | $763.1M | — | ||
| Q4 25 | $752.5M | $296.3M | ||
| Q3 25 | $770.1M | $302.1M | ||
| Q2 25 | $810.1M | $303.8M | ||
| Q1 25 | $790.1M | $293.8M | ||
| Q4 24 | $816.0M | $307.8M | ||
| Q3 24 | $973.7M | $309.3M | ||
| Q2 24 | $976.8M | $362.1M |
| Q1 26 | 0.55× | — | ||
| Q4 25 | 0.47× | — | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | 0.54× | — | ||
| Q4 24 | 0.59× | 3.50× | ||
| Q3 24 | 0.52× | 1.82× | ||
| 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 | $-5.8M |
| Free Cash FlowOCF − Capex | $1.4M | $-7.8M |
| FCF MarginFCF / Revenue | 0.7% | -5.5% |
| Capex IntensityCapex / Revenue | 0.1% | 1.4% |
| Cash ConversionOCF / Net Profit | 0.36× | — |
| TTM Free Cash FlowTrailing 4 quarters | $58.5M | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.6M | — | ||
| Q4 25 | $22.4M | $-5.8M | ||
| Q3 25 | $22.9M | $-968.0K | ||
| Q2 25 | $15.8M | $-4.0M | ||
| Q1 25 | $9.3M | $-23.1M | ||
| Q4 24 | $38.5M | $6.8M | ||
| Q3 24 | $25.6M | $1.1M | ||
| Q2 24 | $23.1M | $-8.9M |
| Q1 26 | $1.4M | — | ||
| Q4 25 | $20.9M | $-7.8M | ||
| Q3 25 | $21.5M | $-1.8M | ||
| Q2 25 | $14.8M | $-7.0M | ||
| Q1 25 | $7.2M | $-25.3M | ||
| Q4 24 | $36.1M | $5.7M | ||
| Q3 24 | $24.3M | $101.0K | ||
| Q2 24 | $21.6M | $-11.0M |
| Q1 26 | 0.7% | — | ||
| Q4 25 | 10.3% | -5.5% | ||
| Q3 25 | 10.9% | -1.5% | ||
| Q2 25 | 7.4% | -6.6% | ||
| Q1 25 | 3.7% | -24.3% | ||
| Q4 24 | 18.0% | 4.4% | ||
| Q3 24 | 11.7% | 0.1% | ||
| Q2 24 | 10.5% | -9.2% |
| Q1 26 | 0.1% | — | ||
| Q4 25 | 0.8% | 1.4% | ||
| Q3 25 | 0.7% | 0.7% | ||
| Q2 25 | 0.5% | 2.8% | ||
| Q1 25 | 1.1% | 2.2% | ||
| Q4 24 | 1.2% | 0.8% | ||
| Q3 24 | 0.6% | 0.9% | ||
| Q2 24 | 0.7% | 1.7% |
| Q1 26 | 0.36× | — | ||
| Q4 25 | 10.83× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.05× | — | ||
| Q1 25 | 8.31× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -330.22× |
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% |
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
