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Side-by-side financial comparison of FORUM ENERGY TECHNOLOGIES, INC. (FET) and ROGERS CORP (ROG). 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 $200.5M, roughly 1.0× ROGERS CORP). ROGERS CORP runs the higher net margin — 2.2% vs 1.0%, a 1.2% gap on every dollar of revenue. On growth, ROGERS CORP posted the faster year-over-year revenue change (5.2% vs 0.6%). FORUM ENERGY TECHNOLOGIES, INC. produced more free cash flow last quarter ($20.9M vs $1.1M). Over the past eight quarters, FORUM ENERGY TECHNOLOGIES, INC.'s revenue compounded faster (-0.0% CAGR vs -3.3%).
Forum Energy Technologies is an American oilfield products company that provides products and services to the oil and gas, and renewable industries worldwide.
Rogers Corporation is a specialty engineered materials company headquartered in Chandler, Arizona.
FET vs ROG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $202.2M | $200.5M |
| Net Profit | $2.1M | $4.5M |
| Gross Margin | 30.2% | 32.2% |
| Operating Margin | 6.3% | — |
| Net Margin | 1.0% | 2.2% |
| Revenue YoY | 0.6% | 5.2% |
| Net Profit YoY | 102.0% | 421.4% |
| EPS (diluted) | $0.25 | $0.25 |
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 | — | $200.5M | ||
| Q4 25 | $202.2M | $201.5M | ||
| Q3 25 | $196.2M | $216.0M | ||
| Q2 25 | $199.8M | $202.8M | ||
| Q1 25 | $193.3M | $190.5M | ||
| Q4 24 | $201.0M | $192.2M | ||
| Q3 24 | $207.8M | $210.3M | ||
| Q2 24 | $205.2M | $214.2M |
| Q1 26 | — | $4.5M | ||
| Q4 25 | $2.1M | $4.6M | ||
| Q3 25 | $-20.6M | $8.6M | ||
| Q2 25 | $7.7M | $-73.6M | ||
| Q1 25 | $1.1M | $-1.4M | ||
| Q4 24 | $-103.5M | $-500.0K | ||
| Q3 24 | $-14.8M | $10.7M | ||
| Q2 24 | $-6.7M | $8.1M |
| Q1 26 | — | 32.2% | ||
| Q4 25 | 30.2% | 31.5% | ||
| Q3 25 | 20.5% | 33.5% | ||
| Q2 25 | 29.7% | 31.6% | ||
| Q1 25 | 30.2% | 29.9% | ||
| Q4 24 | 31.1% | 32.1% | ||
| Q3 24 | 31.6% | 35.2% | ||
| Q2 24 | 30.7% | 34.1% |
| Q1 26 | — | — | ||
| Q4 25 | 6.3% | 3.5% | ||
| Q3 25 | -3.1% | 7.3% | ||
| Q2 25 | 7.4% | -33.3% | ||
| Q1 25 | 4.6% | -0.2% | ||
| Q4 24 | -53.1% | -6.6% | ||
| Q3 24 | 4.3% | 6.9% | ||
| Q2 24 | 3.9% | 5.3% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | 1.0% | 2.3% | ||
| Q3 25 | -10.5% | 4.0% | ||
| Q2 25 | 3.9% | -36.3% | ||
| Q1 25 | 0.6% | -0.7% | ||
| Q4 24 | -51.5% | -0.3% | ||
| Q3 24 | -7.1% | 5.1% | ||
| Q2 24 | -3.3% | 3.8% |
| Q1 26 | — | $0.25 | ||
| Q4 25 | $0.25 | $0.20 | ||
| Q3 25 | $-1.76 | $0.48 | ||
| Q2 25 | $0.61 | $-4.00 | ||
| Q1 25 | $0.09 | $-0.08 | ||
| Q4 24 | $-8.41 | $-0.04 | ||
| Q3 24 | $-1.20 | $0.58 | ||
| Q2 24 | $-0.54 | $0.44 |
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 | $195.8M |
| Total DebtLower is stronger | $135.9M | — |
| Stockholders' EquityBook value | $291.1M | $1.2B |
| Total Assets | $752.5M | $1.4B |
| Debt / EquityLower = less leverage | 0.47× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $195.8M | ||
| Q4 25 | $34.7M | $197.0M | ||
| Q3 25 | $31.7M | $167.8M | ||
| Q2 25 | $39.0M | $157.2M | ||
| Q1 25 | $31.1M | $175.6M | ||
| Q4 24 | $44.7M | $159.8M | ||
| Q3 24 | $33.3M | $146.4M | ||
| Q2 24 | $31.8M | $119.9M |
| Q1 26 | — | — | ||
| 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 | — | $1.2B | ||
| Q4 25 | $291.1M | $1.2B | ||
| Q3 25 | $297.3M | $1.2B | ||
| Q2 25 | $334.2M | $1.2B | ||
| Q1 25 | $320.0M | $1.3B | ||
| Q4 24 | $319.9M | $1.3B | ||
| Q3 24 | $443.5M | $1.3B | ||
| Q2 24 | $442.0M | $1.3B |
| Q1 26 | — | $1.4B | ||
| Q4 25 | $752.5M | $1.4B | ||
| Q3 25 | $770.1M | $1.4B | ||
| Q2 25 | $810.1M | $1.5B | ||
| Q1 25 | $790.1M | $1.5B | ||
| Q4 24 | $816.0M | $1.5B | ||
| Q3 24 | $973.7M | $1.5B | ||
| Q2 24 | $976.8M | $1.5B |
| Q1 26 | — | — | ||
| 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 | $22.4M | $5.8M |
| Free Cash FlowOCF − Capex | $20.9M | $1.1M |
| FCF MarginFCF / Revenue | 10.3% | 0.5% |
| Capex IntensityCapex / Revenue | 0.8% | 2.3% |
| Cash ConversionOCF / Net Profit | 10.83× | 1.29× |
| TTM Free Cash FlowTrailing 4 quarters | $64.4M | $70.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $5.8M | ||
| Q4 25 | $22.4M | $46.9M | ||
| Q3 25 | $22.9M | $28.9M | ||
| Q2 25 | $15.8M | $13.7M | ||
| Q1 25 | $9.3M | $11.7M | ||
| Q4 24 | $38.5M | $33.7M | ||
| Q3 24 | $25.6M | $42.4M | ||
| Q2 24 | $23.1M | $22.9M |
| Q1 26 | — | $1.1M | ||
| Q4 25 | $20.9M | $42.2M | ||
| Q3 25 | $21.5M | $21.2M | ||
| Q2 25 | $14.8M | $5.6M | ||
| Q1 25 | $7.2M | $2.1M | ||
| Q4 24 | $36.1M | $18.3M | ||
| Q3 24 | $24.3M | $25.2M | ||
| Q2 24 | $21.6M | $8.8M |
| Q1 26 | — | 0.5% | ||
| Q4 25 | 10.3% | 20.9% | ||
| Q3 25 | 10.9% | 9.8% | ||
| Q2 25 | 7.4% | 2.8% | ||
| Q1 25 | 3.7% | 1.1% | ||
| Q4 24 | 18.0% | 9.5% | ||
| Q3 24 | 11.7% | 12.0% | ||
| Q2 24 | 10.5% | 4.1% |
| Q1 26 | — | 2.3% | ||
| Q4 25 | 0.8% | 2.3% | ||
| Q3 25 | 0.7% | 3.6% | ||
| Q2 25 | 0.5% | 4.0% | ||
| Q1 25 | 1.1% | 5.0% | ||
| Q4 24 | 1.2% | 8.0% | ||
| Q3 24 | 0.6% | 8.2% | ||
| Q2 24 | 0.7% | 6.6% |
| Q1 26 | — | 1.29× | ||
| Q4 25 | 10.83× | 10.20× | ||
| Q3 25 | — | 3.36× | ||
| Q2 25 | 2.05× | — | ||
| Q1 25 | 8.31× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.96× | ||
| Q2 24 | — | 2.83× |
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% |
ROG
Segment breakdown not available.
