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Side-by-side financial comparison of FORUM ENERGY TECHNOLOGIES, INC. (FET) and STAG Industrial, Inc. (STAG). Click either name above to swap in a different company.
STAG Industrial, Inc. is the larger business by last-quarter revenue ($224.2M vs $208.7M, roughly 1.1× FORUM ENERGY TECHNOLOGIES, INC.). STAG Industrial, Inc. runs the higher net margin — 27.6% vs 2.2%, a 25.5% gap on every dollar of revenue. On growth, STAG Industrial, Inc. posted the faster year-over-year revenue change (9.1% vs 3.2%). Over the past eight quarters, STAG Industrial, Inc.'s revenue compounded faster (8.7% 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.
Stag Arms is a firearms manufacturer founded in May 2003 and located in Cheyenne, Wyoming. Stag Arms is a manufacturer of the AR-15 type rifle, marketed as Stag-15 rifles. Stag advertises that all their weapons and accessories are made in the United States. They are best known for their left-handed AR-15 rifles, which use a mirror imaged upper receiver and have the ejection port reversed for left-handed shooters and the safety selector control on the right side of the lower receiver.
FET vs STAG — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $208.7M | $224.2M |
| Net Profit | $4.5M | $62.0M |
| Gross Margin | 29.2% | — |
| Operating Margin | 5.3% | — |
| Net Margin | 2.2% | 27.6% |
| Revenue YoY | 3.2% | 9.1% |
| Net Profit YoY | 300.4% | — |
| EPS (diluted) | $0.39 | $0.32 |
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 | $224.2M | ||
| Q4 25 | $202.2M | $220.9M | ||
| Q3 25 | $196.2M | $211.1M | ||
| Q2 25 | $199.8M | $207.6M | ||
| Q1 25 | $193.3M | $205.6M | ||
| Q4 24 | $201.0M | $199.3M | ||
| Q3 24 | $207.8M | $190.7M | ||
| Q2 24 | $205.2M | $189.8M |
| Q1 26 | $4.5M | $62.0M | ||
| Q4 25 | $2.1M | $83.5M | ||
| Q3 25 | $-20.6M | $48.6M | ||
| Q2 25 | $7.7M | $50.0M | ||
| Q1 25 | $1.1M | $91.4M | ||
| Q4 24 | $-103.5M | $51.0M | ||
| Q3 24 | $-14.8M | $41.9M | ||
| Q2 24 | $-6.7M | $59.8M |
| 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% | — | ||
| Q3 25 | -3.1% | — | ||
| Q2 25 | 7.4% | — | ||
| Q1 25 | 4.6% | — | ||
| Q4 24 | -53.1% | — | ||
| Q3 24 | 4.3% | — | ||
| Q2 24 | 3.9% | — |
| Q1 26 | 2.2% | 27.6% | ||
| Q4 25 | 1.0% | 37.8% | ||
| Q3 25 | -10.5% | 23.0% | ||
| Q2 25 | 3.9% | 24.1% | ||
| Q1 25 | 0.6% | 44.5% | ||
| Q4 24 | -51.5% | 25.6% | ||
| Q3 24 | -7.1% | 21.9% | ||
| Q2 24 | -3.3% | 31.5% |
| Q1 26 | $0.39 | $0.32 | ||
| Q4 25 | $0.25 | — | ||
| Q3 25 | $-1.76 | — | ||
| Q2 25 | $0.61 | — | ||
| Q1 25 | $0.09 | — | ||
| Q4 24 | $-8.41 | — | ||
| Q3 24 | $-1.20 | — | ||
| Q2 24 | $-0.54 | — |
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 | $8.9M |
| Total DebtLower is stronger | $153.7M | — |
| Stockholders' EquityBook value | $280.7M | $3.6B |
| Total Assets | $763.1M | $7.2B |
| Debt / EquityLower = less leverage | 0.55× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $37.5M | $8.9M | ||
| Q4 25 | $34.7M | $14.9M | ||
| Q3 25 | $31.7M | $17.3M | ||
| Q2 25 | $39.0M | $15.4M | ||
| Q1 25 | $31.1M | $9.3M | ||
| Q4 24 | $44.7M | $36.3M | ||
| Q3 24 | $33.3M | $70.0M | ||
| Q2 24 | $31.8M | $33.3M |
| Q1 26 | $153.7M | — | ||
| Q4 25 | $135.9M | $3.3B | ||
| Q3 25 | $140.0M | $3.1B | ||
| Q2 25 | $159.3M | $3.0B | ||
| Q1 25 | $171.4M | $3.0B | ||
| Q4 24 | $188.4M | $3.0B | ||
| Q3 24 | $231.5M | $2.9B | ||
| Q2 24 | $252.9M | $2.8B |
| Q1 26 | $280.7M | $3.6B | ||
| Q4 25 | $291.1M | $3.6B | ||
| Q3 25 | $297.3M | $3.4B | ||
| Q2 25 | $334.2M | $3.4B | ||
| Q1 25 | $320.0M | $3.5B | ||
| Q4 24 | $319.9M | $3.5B | ||
| Q3 24 | $443.5M | $3.3B | ||
| Q2 24 | $442.0M | $3.3B |
| Q1 26 | $763.1M | $7.2B | ||
| Q4 25 | $752.5M | $7.2B | ||
| Q3 25 | $770.1M | $6.9B | ||
| Q2 25 | $810.1M | $6.8B | ||
| Q1 25 | $790.1M | $6.8B | ||
| Q4 24 | $816.0M | $6.8B | ||
| Q3 24 | $973.7M | $6.6B | ||
| Q2 24 | $976.8M | $6.4B |
| Q1 26 | 0.55× | — | ||
| Q4 25 | 0.47× | 0.91× | ||
| Q3 25 | 0.47× | 0.91× | ||
| Q2 25 | 0.48× | 0.88× | ||
| Q1 25 | 0.54× | 0.87× | ||
| Q4 24 | 0.59× | 0.88× | ||
| Q3 24 | 0.52× | 0.89× | ||
| Q2 24 | 0.57× | 0.84× |
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 | — |
| Free Cash FlowOCF − Capex | $1.4M | — |
| FCF MarginFCF / Revenue | 0.7% | — |
| Capex IntensityCapex / Revenue | 0.1% | 3.9% |
| Cash ConversionOCF / Net Profit | 0.36× | — |
| TTM Free Cash FlowTrailing 4 quarters | $58.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.6M | — | ||
| Q4 25 | $22.4M | $104.5M | ||
| Q3 25 | $22.9M | $143.5M | ||
| Q2 25 | $15.8M | $111.9M | ||
| Q1 25 | $9.3M | $103.5M | ||
| Q4 24 | $38.5M | $104.9M | ||
| Q3 24 | $25.6M | $128.0M | ||
| Q2 24 | $23.1M | $122.2M |
| Q1 26 | $1.4M | — | ||
| Q4 25 | $20.9M | $43.8M | ||
| Q3 25 | $21.5M | $95.5M | ||
| Q2 25 | $14.8M | $62.3M | ||
| Q1 25 | $7.2M | $57.2M | ||
| Q4 24 | $36.1M | $37.6M | ||
| Q3 24 | $24.3M | $86.7M | ||
| Q2 24 | $21.6M | $105.0M |
| Q1 26 | 0.7% | — | ||
| Q4 25 | 10.3% | 19.8% | ||
| Q3 25 | 10.9% | 45.2% | ||
| Q2 25 | 7.4% | 30.0% | ||
| Q1 25 | 3.7% | 27.8% | ||
| Q4 24 | 18.0% | 18.8% | ||
| Q3 24 | 11.7% | 45.5% | ||
| Q2 24 | 10.5% | 55.3% |
| Q1 26 | 0.1% | 3.9% | ||
| Q4 25 | 0.8% | 27.4% | ||
| Q3 25 | 0.7% | 22.7% | ||
| Q2 25 | 0.5% | 23.9% | ||
| Q1 25 | 1.1% | 22.5% | ||
| Q4 24 | 1.2% | 33.8% | ||
| Q3 24 | 0.6% | 21.6% | ||
| Q2 24 | 0.7% | 9.1% |
| Q1 26 | 0.36× | — | ||
| Q4 25 | 10.83× | 1.25× | ||
| Q3 25 | — | 2.95× | ||
| Q2 25 | 2.05× | 2.24× | ||
| Q1 25 | 8.31× | 1.13× | ||
| Q4 24 | — | 2.06× | ||
| Q3 24 | — | 3.06× | ||
| Q2 24 | — | 2.04× |
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% |
STAG
Segment breakdown not available.
