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Side-by-side financial comparison of FORUM ENERGY TECHNOLOGIES, INC. (FET) and WYNDHAM HOTELS & RESORTS, INC. (WH). Click either name above to swap in a different company.
WYNDHAM HOTELS & RESORTS, INC. is the larger business by last-quarter revenue ($334.0M vs $208.7M, roughly 1.6× FORUM ENERGY TECHNOLOGIES, INC.). FORUM ENERGY TECHNOLOGIES, INC. runs the higher net margin — 2.2% vs -18.0%, a 20.1% gap on every dollar of revenue. On growth, FORUM ENERGY TECHNOLOGIES, INC. posted the faster year-over-year revenue change (3.2% vs -76.3%). WYNDHAM HOTELS & RESORTS, INC. produced more free cash flow last quarter ($168.0M vs $1.4M). Over the past eight quarters, FORUM ENERGY TECHNOLOGIES, INC.'s revenue compounded faster (0.8% CAGR vs -4.6%).
Forum Energy Technologies is an American oilfield products company that provides products and services to the oil and gas, and renewable industries worldwide.
Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,100 locations.
FET vs WH — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $208.7M | $334.0M |
| Net Profit | $4.5M | $-60.0M |
| Gross Margin | 29.2% | — |
| Operating Margin | 5.3% | — |
| Net Margin | 2.2% | -18.0% |
| Revenue YoY | 3.2% | -76.3% |
| Net Profit YoY | 300.4% | -170.6% |
| EPS (diluted) | $0.39 | $-0.80 |
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 | $334.0M | ||
| Q4 25 | $202.2M | $334.0M | ||
| Q3 25 | $196.2M | $382.0M | ||
| Q2 25 | $199.8M | $397.0M | ||
| Q1 25 | $193.3M | $316.0M | ||
| Q4 24 | $201.0M | $336.0M | ||
| Q3 24 | $207.8M | $396.0M | ||
| Q2 24 | $205.2M | $367.0M |
| Q1 26 | $4.5M | $-60.0M | ||
| Q4 25 | $2.1M | $-60.0M | ||
| Q3 25 | $-20.6M | $105.0M | ||
| Q2 25 | $7.7M | $87.0M | ||
| Q1 25 | $1.1M | $61.0M | ||
| Q4 24 | $-103.5M | $85.0M | ||
| Q3 24 | $-14.8M | $102.0M | ||
| Q2 24 | $-6.7M | $86.0M |
| 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% | -11.4% | ||
| Q3 25 | -3.1% | 46.6% | ||
| Q2 25 | 7.4% | 37.8% | ||
| Q1 25 | 4.6% | 35.4% | ||
| Q4 24 | -53.1% | 38.4% | ||
| Q3 24 | 4.3% | 43.2% | ||
| Q2 24 | 3.9% | 39.5% |
| Q1 26 | 2.2% | -18.0% | ||
| Q4 25 | 1.0% | -18.0% | ||
| Q3 25 | -10.5% | 27.5% | ||
| Q2 25 | 3.9% | 21.9% | ||
| Q1 25 | 0.6% | 19.3% | ||
| Q4 24 | -51.5% | 25.3% | ||
| Q3 24 | -7.1% | 25.8% | ||
| Q2 24 | -3.3% | 23.4% |
| Q1 26 | $0.39 | $-0.80 | ||
| Q4 25 | $0.25 | $-0.77 | ||
| Q3 25 | $-1.76 | $1.36 | ||
| Q2 25 | $0.61 | $1.13 | ||
| Q1 25 | $0.09 | $0.78 | ||
| Q4 24 | $-8.41 | $1.06 | ||
| Q3 24 | $-1.20 | $1.29 | ||
| Q2 24 | $-0.54 | $1.07 |
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 | $64.0M |
| Total DebtLower is stronger | $153.7M | — |
| Stockholders' EquityBook value | $280.7M | $468.0M |
| Total Assets | $763.1M | $4.2B |
| Debt / EquityLower = less leverage | 0.55× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $37.5M | $64.0M | ||
| Q4 25 | $34.7M | $64.0M | ||
| Q3 25 | $31.7M | $70.0M | ||
| Q2 25 | $39.0M | $50.0M | ||
| Q1 25 | $31.1M | $48.0M | ||
| Q4 24 | $44.7M | $103.0M | ||
| Q3 24 | $33.3M | $72.0M | ||
| Q2 24 | $31.8M | $70.0M |
| Q1 26 | $153.7M | — | ||
| Q4 25 | $135.9M | $2.5B | ||
| Q3 25 | $140.0M | $2.6B | ||
| Q2 25 | $159.3M | $2.5B | ||
| Q1 25 | $171.4M | $2.5B | ||
| Q4 24 | $188.4M | $2.4B | ||
| Q3 24 | $231.5M | $2.4B | ||
| Q2 24 | $252.9M | $2.4B |
| Q1 26 | $280.7M | $468.0M | ||
| Q4 25 | $291.1M | $468.0M | ||
| Q3 25 | $297.3M | $583.0M | ||
| Q2 25 | $334.2M | $570.0M | ||
| Q1 25 | $320.0M | $579.0M | ||
| Q4 24 | $319.9M | $650.0M | ||
| Q3 24 | $443.5M | $583.0M | ||
| Q2 24 | $442.0M | $623.0M |
| Q1 26 | $763.1M | $4.2B | ||
| Q4 25 | $752.5M | $4.2B | ||
| Q3 25 | $770.1M | $4.3B | ||
| Q2 25 | $810.1M | $4.3B | ||
| Q1 25 | $790.1M | $4.2B | ||
| Q4 24 | $816.0M | $4.2B | ||
| Q3 24 | $973.7M | $4.2B | ||
| Q2 24 | $976.8M | $4.2B |
| Q1 26 | 0.55× | — | ||
| Q4 25 | 0.47× | 5.37× | ||
| Q3 25 | 0.47× | 4.43× | ||
| Q2 25 | 0.48× | 4.44× | ||
| Q1 25 | 0.54× | 4.29× | ||
| Q4 24 | 0.59× | 3.72× | ||
| Q3 24 | 0.52× | 4.19× | ||
| Q2 24 | 0.57× | 3.83× |
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 | $367.0M |
| Free Cash FlowOCF − Capex | $1.4M | $168.0M |
| FCF MarginFCF / Revenue | 0.7% | 50.3% |
| Capex IntensityCapex / Revenue | 0.1% | — |
| Cash ConversionOCF / Net Profit | 0.36× | — |
| TTM Free Cash FlowTrailing 4 quarters | $58.5M | $437.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.6M | $367.0M | ||
| Q4 25 | $22.4M | $152.0M | ||
| Q3 25 | $22.9M | $86.0M | ||
| Q2 25 | $15.8M | $70.0M | ||
| Q1 25 | $9.3M | $59.0M | ||
| Q4 24 | $38.5M | $134.0M | ||
| Q3 24 | $25.6M | $79.0M | ||
| Q2 24 | $23.1M | $1.0M |
| Q1 26 | $1.4M | $168.0M | ||
| Q4 25 | $20.9M | $136.0M | ||
| Q3 25 | $21.5M | $75.0M | ||
| Q2 25 | $14.8M | $58.0M | ||
| Q1 25 | $7.2M | $52.0M | ||
| Q4 24 | $36.1M | $109.0M | ||
| Q3 24 | $24.3M | $71.0M | ||
| Q2 24 | $21.6M | $-6.0M |
| Q1 26 | 0.7% | 50.3% | ||
| Q4 25 | 10.3% | 40.7% | ||
| Q3 25 | 10.9% | 19.6% | ||
| Q2 25 | 7.4% | 14.6% | ||
| Q1 25 | 3.7% | 16.5% | ||
| Q4 24 | 18.0% | 32.4% | ||
| Q3 24 | 11.7% | 17.9% | ||
| Q2 24 | 10.5% | -1.6% |
| Q1 26 | 0.1% | — | ||
| Q4 25 | 0.8% | 4.8% | ||
| Q3 25 | 0.7% | 2.9% | ||
| Q2 25 | 0.5% | 3.0% | ||
| Q1 25 | 1.1% | 2.2% | ||
| Q4 24 | 1.2% | 7.4% | ||
| Q3 24 | 0.6% | 2.0% | ||
| Q2 24 | 0.7% | 1.9% |
| Q1 26 | 0.36× | — | ||
| Q4 25 | 10.83× | — | ||
| Q3 25 | — | 0.82× | ||
| Q2 25 | 2.05× | 0.80× | ||
| Q1 25 | 8.31× | 0.97× | ||
| Q4 24 | — | 1.58× | ||
| Q3 24 | — | 0.77× | ||
| Q2 24 | — | 0.01× |
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% |
WH
| Fee-related and other revenues | $334.0M | 100% |
| Management and other fees | $2.0M | 1% |
