vs
Side-by-side financial comparison of FORUM ENERGY TECHNOLOGIES, INC. (FET) and UNIVERSAL TECHNICAL INSTITUTE INC (UTI). Click either name above to swap in a different company.
UNIVERSAL TECHNICAL INSTITUTE INC is the larger business by last-quarter revenue ($220.8M vs $208.7M, roughly 1.1× FORUM ENERGY TECHNOLOGIES, INC.). UNIVERSAL TECHNICAL INSTITUTE INC runs the higher net margin — 5.8% vs 2.2%, a 3.7% gap on every dollar of revenue. On growth, UNIVERSAL TECHNICAL INSTITUTE INC posted the faster year-over-year revenue change (9.6% vs 3.2%). FORUM ENERGY TECHNOLOGIES, INC. produced more free cash flow last quarter ($1.4M vs $-19.2M). Over the past eight quarters, UNIVERSAL TECHNICAL INSTITUTE INC's revenue compounded faster (9.5% 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.
Universal Technical Institute, Inc. (UTI) is a private for-profit system of technical colleges in the United States. It was established in 1965 by Robert Sweet.
FET vs UTI — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $208.7M | $220.8M |
| Net Profit | $4.5M | $12.8M |
| Gross Margin | 29.2% | — |
| Operating Margin | 5.3% | 7.1% |
| Net Margin | 2.2% | 5.8% |
| Revenue YoY | 3.2% | 9.6% |
| Net Profit YoY | 300.4% | -42.1% |
| EPS (diluted) | $0.39 | $0.23 |
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 | $220.8M | ||
| Q3 25 | $196.2M | $222.4M | ||
| Q2 25 | $199.8M | $204.3M | ||
| Q1 25 | $193.3M | $207.4M | ||
| Q4 24 | $201.0M | $201.4M | ||
| Q3 24 | $207.8M | $196.4M | ||
| Q2 24 | $205.2M | $177.5M |
| Q1 26 | $4.5M | — | ||
| Q4 25 | $2.1M | $12.8M | ||
| Q3 25 | $-20.6M | $18.8M | ||
| Q2 25 | $7.7M | $10.7M | ||
| Q1 25 | $1.1M | $11.4M | ||
| Q4 24 | $-103.5M | $22.2M | ||
| Q3 24 | $-14.8M | $18.8M | ||
| Q2 24 | $-6.7M | $5.0M |
| 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% | 7.1% | ||
| Q3 25 | -3.1% | 11.2% | ||
| Q2 25 | 7.4% | 6.9% | ||
| Q1 25 | 4.6% | 8.1% | ||
| Q4 24 | -53.1% | 13.6% | ||
| Q3 24 | 4.3% | 13.3% | ||
| Q2 24 | 3.9% | 4.2% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.0% | 5.8% | ||
| Q3 25 | -10.5% | 8.4% | ||
| Q2 25 | 3.9% | 5.2% | ||
| Q1 25 | 0.6% | 5.5% | ||
| Q4 24 | -51.5% | 11.0% | ||
| Q3 24 | -7.1% | 9.6% | ||
| Q2 24 | -3.3% | 2.8% |
| Q1 26 | $0.39 | — | ||
| Q4 25 | $0.25 | $0.23 | ||
| Q3 25 | $-1.76 | $0.33 | ||
| Q2 25 | $0.61 | $0.19 | ||
| Q1 25 | $0.09 | $0.21 | ||
| Q4 24 | $-8.41 | $0.40 | ||
| Q3 24 | $-1.20 | $0.35 | ||
| Q2 24 | $-0.54 | $0.09 |
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 | $162.8M |
| Total DebtLower is stronger | $153.7M | $101.4M |
| Stockholders' EquityBook value | $280.7M | $335.9M |
| Total Assets | $763.1M | $834.0M |
| Debt / EquityLower = less leverage | 0.55× | 0.30× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $37.5M | — | ||
| Q4 25 | $34.7M | $162.8M | ||
| Q3 25 | $31.7M | $169.1M | ||
| Q2 25 | $39.0M | $70.7M | ||
| Q1 25 | $31.1M | $96.0M | ||
| Q4 24 | $44.7M | $172.0M | ||
| Q3 24 | $33.3M | $161.9M | ||
| Q2 24 | $31.8M | $115.5M |
| Q1 26 | $153.7M | — | ||
| Q4 25 | $135.9M | $101.4M | ||
| Q3 25 | $140.0M | $87.1M | ||
| Q2 25 | $159.3M | $73.8M | ||
| Q1 25 | $171.4M | $94.4M | ||
| Q4 24 | $188.4M | $120.1M | ||
| Q3 24 | $231.5M | $125.7M | ||
| Q2 24 | $252.9M | $137.3M |
| Q1 26 | $280.7M | — | ||
| Q4 25 | $291.1M | $335.9M | ||
| Q3 25 | $297.3M | $328.1M | ||
| Q2 25 | $334.2M | $306.8M | ||
| Q1 25 | $320.0M | $293.9M | ||
| Q4 24 | $319.9M | $280.0M | ||
| Q3 24 | $443.5M | $260.2M | ||
| Q2 24 | $442.0M | $239.4M |
| Q1 26 | $763.1M | — | ||
| Q4 25 | $752.5M | $834.0M | ||
| Q3 25 | $770.1M | $826.1M | ||
| Q2 25 | $810.1M | $740.8M | ||
| Q1 25 | $790.1M | $720.4M | ||
| Q4 24 | $816.0M | $753.8M | ||
| Q3 24 | $973.7M | $744.6M | ||
| Q2 24 | $976.8M | $706.0M |
| Q1 26 | 0.55× | — | ||
| Q4 25 | 0.47× | 0.30× | ||
| Q3 25 | 0.47× | 0.27× | ||
| Q2 25 | 0.48× | 0.24× | ||
| Q1 25 | 0.54× | 0.32× | ||
| Q4 24 | 0.59× | 0.43× | ||
| Q3 24 | 0.52× | 0.48× | ||
| Q2 24 | 0.57× | 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 | $3.1M |
| Free Cash FlowOCF − Capex | $1.4M | $-19.2M |
| FCF MarginFCF / Revenue | 0.7% | -8.7% |
| Capex IntensityCapex / Revenue | 0.1% | 10.1% |
| Cash ConversionOCF / Net Profit | 0.36× | 0.24× |
| TTM Free Cash FlowTrailing 4 quarters | $58.5M | $16.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.6M | — | ||
| Q4 25 | $22.4M | $3.1M | ||
| Q3 25 | $22.9M | $57.1M | ||
| Q2 25 | $15.8M | $18.1M | ||
| Q1 25 | $9.3M | $-789.0K | ||
| Q4 24 | $38.5M | $23.0M | ||
| Q3 24 | $25.6M | $67.5M | ||
| Q2 24 | $23.1M | $10.0M |
| Q1 26 | $1.4M | — | ||
| Q4 25 | $20.9M | $-19.2M | ||
| Q3 25 | $21.5M | $40.6M | ||
| Q2 25 | $14.8M | $6.8M | ||
| Q1 25 | $7.2M | $-11.7M | ||
| Q4 24 | $36.1M | $19.6M | ||
| Q3 24 | $24.3M | $60.0M | ||
| Q2 24 | $21.6M | $3.0M |
| Q1 26 | 0.7% | — | ||
| Q4 25 | 10.3% | -8.7% | ||
| Q3 25 | 10.9% | 18.3% | ||
| Q2 25 | 7.4% | 3.4% | ||
| Q1 25 | 3.7% | -5.7% | ||
| Q4 24 | 18.0% | 9.7% | ||
| Q3 24 | 11.7% | 30.6% | ||
| Q2 24 | 10.5% | 1.7% |
| Q1 26 | 0.1% | — | ||
| Q4 25 | 0.8% | 10.1% | ||
| Q3 25 | 0.7% | 7.4% | ||
| Q2 25 | 0.5% | 5.5% | ||
| Q1 25 | 1.1% | 5.3% | ||
| Q4 24 | 1.2% | 1.7% | ||
| Q3 24 | 0.6% | 3.8% | ||
| Q2 24 | 0.7% | 4.0% |
| Q1 26 | 0.36× | — | ||
| Q4 25 | 10.83× | 0.24× | ||
| Q3 25 | — | 3.04× | ||
| Q2 25 | 2.05× | 1.69× | ||
| Q1 25 | 8.31× | -0.07× | ||
| Q4 24 | — | 1.04× | ||
| Q3 24 | — | 3.58× | ||
| Q2 24 | — | 2.01× |
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% |
UTI
| UTI | $142.8M | 65% |
| Concorde | $78.0M | 35% |
