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Side-by-side financial comparison of FORUM ENERGY TECHNOLOGIES, INC. (FET) and BRC Group Holdings, Inc. (RILY). Click either name above to swap in a different company.
FORUM ENERGY TECHNOLOGIES, INC. is the larger business by last-quarter revenue ($202.2M vs $188.3M, roughly 1.1× BRC Group Holdings, Inc.). BRC Group Holdings, Inc. runs the higher net margin — 47.9% vs 1.0%, a 46.9% gap on every dollar of revenue. On growth, FORUM ENERGY TECHNOLOGIES, INC. posted the faster year-over-year revenue change (0.6% vs -21.9%). Over the past eight quarters, FORUM ENERGY TECHNOLOGIES, INC.'s revenue compounded faster (-0.0% CAGR vs -15.4%).
Forum Energy Technologies is an American oilfield products company that provides products and services to the oil and gas, and renewable industries worldwide.
FET vs RILY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $202.2M | $188.3M |
| Net Profit | $2.1M | $90.3M |
| Gross Margin | 30.2% | 79.5% |
| Operating Margin | 6.3% | 32.3% |
| Net Margin | 1.0% | 47.9% |
| Revenue YoY | 0.6% | -21.9% |
| Net Profit YoY | 102.0% | 1710.8% |
| EPS (diluted) | $0.25 | $2.78 |
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.
| Q4 25 | $202.2M | $188.3M | ||
| Q3 25 | $196.2M | $215.3M | ||
| Q2 25 | $199.8M | $188.2M | ||
| Q1 25 | $193.3M | $197.2M | ||
| Q4 24 | $201.0M | $241.0M | ||
| Q3 24 | $207.8M | $225.5M | ||
| Q2 24 | $205.2M | $256.0M | ||
| Q1 24 | $202.4M | $263.4M |
| Q4 25 | $2.1M | $90.3M | ||
| Q3 25 | $-20.6M | $91.1M | ||
| Q2 25 | $7.7M | $139.5M | ||
| Q1 25 | $1.1M | $-10.0M | ||
| Q4 24 | $-103.5M | $-5.6M | ||
| Q3 24 | $-14.8M | $-284.4M | ||
| Q2 24 | $-6.7M | $-433.6M | ||
| Q1 24 | $-10.3M | $-49.2M |
| Q4 25 | 30.2% | 79.5% | ||
| Q3 25 | 20.5% | 83.7% | ||
| Q2 25 | 29.7% | 81.3% | ||
| Q1 25 | 30.2% | 81.4% | ||
| Q4 24 | 31.1% | 79.8% | ||
| Q3 24 | 31.6% | 82.1% | ||
| Q2 24 | 30.7% | 84.5% | ||
| Q1 24 | 31.5% | 85.3% |
| Q4 25 | 6.3% | 32.3% | ||
| Q3 25 | -3.1% | 30.4% | ||
| Q2 25 | 7.4% | 5.7% | ||
| Q1 25 | 4.6% | -31.2% | ||
| Q4 24 | -53.1% | -69.2% | ||
| Q3 24 | 4.3% | -36.4% | ||
| Q2 24 | 3.9% | -90.8% | ||
| Q1 24 | 1.6% | -6.1% |
| Q4 25 | 1.0% | 47.9% | ||
| Q3 25 | -10.5% | 42.3% | ||
| Q2 25 | 3.9% | 74.1% | ||
| Q1 25 | 0.6% | -5.1% | ||
| Q4 24 | -51.5% | -2.3% | ||
| Q3 24 | -7.1% | -126.1% | ||
| Q2 24 | -3.3% | -169.4% | ||
| Q1 24 | -5.1% | -18.7% |
| Q4 25 | $0.25 | $2.78 | ||
| Q3 25 | $-1.76 | $2.91 | ||
| Q2 25 | $0.61 | $4.50 | ||
| Q1 25 | $0.09 | $-0.39 | ||
| Q4 24 | $-8.41 | $-0.01 | ||
| Q3 24 | $-1.20 | $-9.39 | ||
| Q2 24 | $-0.54 | $-14.35 | ||
| Q1 24 | $-0.85 | $-1.71 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $34.7M | $226.6M |
| Total DebtLower is stronger | $135.9M | $1.4B |
| Stockholders' EquityBook value | $291.1M | $-171.5M |
| Total Assets | $752.5M | $1.7B |
| Debt / EquityLower = less leverage | 0.47× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $34.7M | $226.6M | ||
| Q3 25 | $31.7M | $184.2M | ||
| Q2 25 | $39.0M | $267.4M | ||
| Q1 25 | $31.1M | $138.3M | ||
| Q4 24 | $44.7M | $146.9M | ||
| Q3 24 | $33.3M | $159.2M | ||
| Q2 24 | $31.8M | $236.9M | ||
| Q1 24 | $48.5M | $190.7M |
| Q4 25 | $135.9M | $1.4B | ||
| Q3 25 | $140.0M | $1.3B | ||
| Q2 25 | $159.3M | $1.3B | ||
| Q1 25 | $171.4M | $1.4B | ||
| Q4 24 | $188.4M | $1.5B | ||
| Q3 24 | $231.5M | — | ||
| Q2 24 | $252.9M | — | ||
| Q1 24 | $287.5M | — |
| Q4 25 | $291.1M | $-171.5M | ||
| Q3 25 | $297.3M | $-260.5M | ||
| Q2 25 | $334.2M | $-351.7M | ||
| Q1 25 | $320.0M | $-496.8M | ||
| Q4 24 | $319.9M | $-488.2M | ||
| Q3 24 | $443.5M | $-497.6M | ||
| Q2 24 | $442.0M | $-218.3M | ||
| Q1 24 | $446.2M | $228.4M |
| Q4 25 | $752.5M | $1.7B | ||
| Q3 25 | $770.1M | $1.7B | ||
| Q2 25 | $810.1M | $1.5B | ||
| Q1 25 | $790.1M | $1.5B | ||
| Q4 24 | $816.0M | $1.8B | ||
| Q3 24 | $973.7M | $2.2B | ||
| Q2 24 | $976.8M | $3.2B | ||
| Q1 24 | $1.0B | $5.0B |
| 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× | — | ||
| Q1 24 | 0.64× | — |
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 | $22.4M | $26.2M |
| Free Cash FlowOCF − Capex | $20.9M | — |
| FCF MarginFCF / Revenue | 10.3% | — |
| Capex IntensityCapex / Revenue | 0.8% | — |
| Cash ConversionOCF / Net Profit | 10.83× | 0.29× |
| TTM Free Cash FlowTrailing 4 quarters | $64.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.4M | $26.2M | ||
| Q3 25 | $22.9M | $-60.6M | ||
| Q2 25 | $15.8M | $-25.6M | ||
| Q1 25 | $9.3M | $184.0K | ||
| Q4 24 | $38.5M | $-2.7M | ||
| Q3 24 | $25.6M | $19.5M | ||
| Q2 24 | $23.1M | $111.5M | ||
| Q1 24 | $5.0M | $135.4M |
| Q4 25 | $20.9M | — | ||
| Q3 25 | $21.5M | — | ||
| Q2 25 | $14.8M | — | ||
| Q1 25 | $7.2M | — | ||
| Q4 24 | $36.1M | — | ||
| Q3 24 | $24.3M | — | ||
| Q2 24 | $21.6M | — | ||
| Q1 24 | $2.1M | — |
| Q4 25 | 10.3% | — | ||
| Q3 25 | 10.9% | — | ||
| Q2 25 | 7.4% | — | ||
| Q1 25 | 3.7% | — | ||
| Q4 24 | 18.0% | — | ||
| Q3 24 | 11.7% | — | ||
| Q2 24 | 10.5% | — | ||
| Q1 24 | 1.0% | — |
| Q4 25 | 0.8% | — | ||
| Q3 25 | 0.7% | — | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | 1.2% | — | ||
| Q3 24 | 0.6% | — | ||
| Q2 24 | 0.7% | — | ||
| Q1 24 | 1.4% | — |
| Q4 25 | 10.83× | 0.29× | ||
| Q3 25 | — | -0.66× | ||
| Q2 25 | 2.05× | -0.18× | ||
| Q1 25 | 8.31× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FET
| Drilling And Completions Segment | $127.2M | 63% |
| Artificial Lift And Downhole Segment | $75.5M | 37% |
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
