Forum Energy (FET) Revenue & Revenue Breakdown
Forum Energy Revenue Highlights
Latest Revenue (Y)
$738.90M
Latest Revenue (Q)
$205.20M
Main Segment (Y)
Drilling And Downhole
Forum Energy Revenue by Period
Forum Energy Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $738.90M | 5.57% |
| 2022-12-31 | $699.90M | 29.35% |
| 2021-12-31 | $541.10M | 5.58% |
| 2020-12-31 | $512.50M | -46.42% |
| 2019-12-31 | $956.50M | -10.12% |
| 2018-12-31 | $1.06B | 30.00% |
| 2017-12-31 | $818.60M | 39.31% |
| 2016-12-31 | $587.60M | -45.27% |
| 2015-12-31 | $1.07B | -38.28% |
| 2014-12-31 | $1.74B | 14.09% |
| 2013-12-31 | $1.52B | 7.77% |
| 2012-12-31 | $1.41B | 25.42% |
| 2011-12-31 | $1.13B | 50.95% |
| 2010-12-31 | $747.34M | 10.33% |
| 2009-12-31 | $677.38M | - |
Forum Energy generated $738.90M in revenue during NA 2023, up 5.57% compared to the previous quarter, and up 69.43% compared to the same period a year ago.
Forum Energy Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $205.20M | 1.39% |
| 2024-03-31 | $202.39M | 9.28% |
| 2023-12-31 | $185.20M | 3.29% |
| 2023-09-30 | $179.30M | -3.29% |
| 2023-06-30 | $185.40M | -1.90% |
| 2023-03-31 | $189.00M | -0.89% |
| 2022-12-31 | $190.70M | 4.88% |
| 2022-09-30 | $181.84M | 5.57% |
| 2022-06-30 | $172.25M | 11.00% |
| 2022-03-31 | $155.17M | 4.72% |
| 2021-12-31 | $148.18M | 5.10% |
| 2021-09-30 | $140.98M | 2.61% |
| 2021-06-30 | $137.40M | 19.98% |
| 2021-03-31 | $114.52M | 1.34% |
| 2020-12-31 | $113.00M | 9.07% |
| 2020-09-30 | $103.60M | -8.54% |
| 2020-06-30 | $113.28M | -37.97% |
| 2020-03-31 | $182.60M | -8.61% |
| 2019-12-31 | $199.80M | -16.51% |
| 2019-09-30 | $239.30M | -2.57% |
| 2019-06-30 | $245.60M | -9.64% |
| 2019-03-31 | $271.80M | -0.42% |
| 2018-12-31 | $272.95M | 2.21% |
| 2018-09-30 | $267.04M | -2.54% |
| 2018-06-30 | $274.00M | 9.51% |
| 2018-03-31 | $250.20M | 1.01% |
| 2017-12-31 | $247.70M | 24.66% |
| 2017-09-30 | $198.70M | -1.19% |
| 2017-06-30 | $201.10M | 17.53% |
| 2017-03-31 | $171.10M | 16.32% |
| 2016-12-31 | $147.10M | 6.36% |
| 2016-09-30 | $138.30M | -3.15% |
| 2016-06-30 | $142.80M | -10.41% |
| 2016-03-31 | $159.40M | -18.73% |
| 2015-12-31 | $196.15M | -19.94% |
| 2015-09-30 | $244.99M | -13.86% |
| 2015-06-30 | $284.42M | -18.29% |
| 2015-03-31 | $348.10M | -20.65% |
| 2014-12-31 | $438.68M | -6.43% |
| 2014-09-30 | $468.82M | 9.47% |
| 2014-06-30 | $428.28M | 6.03% |
| 2014-03-31 | $403.94M | 2.59% |
| 2013-12-31 | $393.73M | 0.91% |
| 2013-09-30 | $390.19M | 6.06% |
| 2013-06-30 | $367.89M | -1.37% |
| 2013-03-31 | $373.00M | 12.97% |
| 2012-12-31 | $330.17M | -5.06% |
| 2012-09-30 | $347.77M | -6.89% |
| 2012-06-30 | $373.51M | 2.76% |
| 2012-03-31 | $363.49M | 7.95% |
| 2011-12-31 | $336.72M | 1.76% |
| 2011-09-30 | $330.91M | 28.53% |
| 2011-06-30 | $257.45M | 26.79% |
| 2011-03-31 | $203.05M | 0.73% |
| 2010-12-31 | $201.58M | 2.61% |
| 2010-09-30 | $196.46M | - |
Forum Energy generated $205.20M in revenue during Q2 2024, up 1.39% compared to the previous quarter, and up 108.57% compared to the same period a year ago.
Forum Energy Revenue Breakdown
Forum Energy Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Drilling And Downhole | $329.58M | $304.56M | $239.90M | $216.84M | - |
| Production and Infrastructure | $145.86M | $131.52M | $116.71M | $177.51M | $321.00M |
| Completions | $265.63M | $264.95M | $185.02M | $118.69M | $305.09M |
| Drilling and Subsea | - | - | - | - | $334.83M |
Forum Energy's latest annual revenue breakdown by segment (product or service), as of Dec 23: Drilling And Downhole (44.47%), Completions (35.84%), and Production and Infrastructure (19.68%).
Quarterly Revenue by Product
| Product/Service | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Drilling And Downhole | $90.92M | $81.18M | $80.68M | $76.79M | $81.09M | $66.49M | $49.85M | $85.94M | - | - | - | - | - | - | - | - | - | - | - | - |
| Completions | $57.39M | $62.47M | $72.10M | $73.67M | $74.08M | $50.97M | $30.65M | $58.27M | $94.66M | - | - | - | - | - | - | - | - | - | - | - |
| Production | - | $36.88M | $33.05M | $38.99M | $92.00M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Production Equipment | - | - | - | - | - | $18.46M | $16.43M | $15.17M | $14.31M | $17.40M | $14.39M | $15.50M | $19.43M | $18.75M | $29.14M | $33.01M | - | - | - | - |
| Downhole Technologies | - | - | - | - | - | $21.92M | $21.42M | $19.56M | $17.62M | $16.61M | $15.09M | $13.38M | $12.67M | $24.95M | $29.03M | $28.79M | - | - | - | - |
| Drilling Technologies | - | - | - | - | - | $38.16M | $33.54M | $29.23M | $23.21M | $27.62M | $18.52M | $17.47M | $19.97M | $36.64M | $43.19M | $37.31M | - | - | - | - |
| Coiled Tubing | - | - | - | - | - | $28.60M | $28.74M | $22.38M | $24.13M | $22.16M | $19.14M | $10.26M | $9.06M | $26.35M | $34.24M | $34.62M | - | - | - | - |
| Stimulation and Intervention | - | - | - | - | - | $43.65M | $37.34M | $30.16M | $25.56M | $24.35M | $18.70M | $9.38M | $8.52M | $24.48M | $36.40M | $46.90M | - | - | - | - |
| Subsea Technologies | - | - | - | - | - | $15.65M | $21.53M | $22.46M | $22.35M | $17.33M | $15.04M | $12.32M | $14.54M | $15.05M | $16.07M | $16.26M | - | - | - | - |
| Valve Solutions | - | - | - | - | - | $15.78M | $13.45M | $16.34M | $14.14M | $11.94M | $13.64M | $25.34M | $29.17M | $36.86M | $51.88M | $50.25M | - | - | - | - |
Forum Energy's latest quarterly revenue breakdown by segment (product or service), as of Dec 23: Drilling And Downhole (61.31%), and Completions (38.69%).
Forum Energy Revenue Breakdown by Country
Quarterly Revenue by Country
| Country | Sep 22 | Jun 22 | Mar 22 | Sep 21 | Jun 21 | Mar 21 | Sep 20 | Jun 20 | Mar 20 | Sep 19 | Jun 19 | Mar 19 | Sep 18 | Jun 18 | Mar 18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| UNITED STATES | $124.90M | $114.63M | $97.23M | $88.53M | $77.40M | $68.31M | $62.31M | $70.30M | $123.89M | $159.41M | $183.70M | $196.97M | $208.59M | $203.97M | $190.06M |
| Middle East | $12.75M | $14.80M | $11.15M | $10.92M | $11.94M | $10.34M | $11.16M | $10.01M | $13.14M | $16.56M | $12.46M | $19.29M | $12.36M | $16.39M | $10.57M |
| Europe and Africa | $14.29M | $15.52M | $15.38M | $17.42M | $15.56M | $12.66M | $6.15M | $8.46M | $11.15M | $13.84M | $17.82M | $17.60M | $12.02M | $17.24M | $13.89M |
| CANADA | $14.17M | $10.20M | $11.39M | $10.95M | $10.12M | $8.96M | $5.57M | $11.60M | $7.95M | $19.26M | $13.75M | $16.46M | $18.14M | $16.51M | $19.19M |
| Asia Pacific | $9.54M | $8.37M | $9.06M | $7.30M | $14.91M | $8.88M | $11.34M | $4.03M | $18.79M | $21.66M | $11.46M | $14.76M | $9.39M | $14.09M | $8.85M |
| Latin America | $6.19M | $8.74M | $10.96M | $5.87M | $7.48M | $5.36M | $7.08M | $8.88M | $7.71M | $8.54M | $6.46M | $6.77M | $6.53M | $5.81M | $7.66M |
Forum Energy's latest quarterly revenue breakdown by geography, as of Sep 22: UNITED STATES (68.69%), Europe and Africa (7.86%), CANADA (7.79%), Middle East (7.01%), Asia Pacific (5.24%), and Latin America (3.40%).
Forum Energy Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| MRC | MRC Global | $3.41B | $806.00M |
| EFXT | Enerflex | $3.16B | $860.40M |
| OII | Oceaneering | $2.42B | $668.81M |
| DNOW | NOW | $2.32B | $563.00M |
| RES | RPC | $1.62B | $364.15M |
| HLX | Helix Energy Solutions Group | $1.29B | $364.80M |
| VTOL | Bristow Group | $1.23B | $338.09M |
| NOA | North American Construction Group | $957.22M | $297.03M |
| OIS | Oil States | $782.28M | - |
| NR | Newpark Resources | $749.60M | $179.01M |
| FET | Forum Energy | $738.90M | $205.20M |
| CCLP | CSI Compressco LP | $386.13M | $98.27M |
| GEOS | Geospace | $124.51M | $25.86M |
| NGS | Natural Gas Services Group | $121.17M | $38.49M |
| DRQ | Dril-Quip | $2.56M | $110.30M |
FET Revenue FAQ
What is Forum Energy’s yearly revenue?
Forum Energy's yearly revenue for 2023 was $738.9M, representing an increase of 5.57% compared to 2022. The company's yearly revenue for 2022 was $699.9M, representing an increase of 29.35% compared to 2021. FET's yearly revenue for 2021 was $541.1M, representing an increase of 5.58% compared to 2020.
What is Forum Energy’s quarterly revenue?
Forum Energy's quarterly revenue for Q2 2024 was $205.2M, a 1.39% increase from the previous quarter (Q1 2024), and a 10.68% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $202.39M, a 9.28% increase from the previous quarter (Q4 2023), and a 7.09% increase year-over-year (Q1 2023). FET's quarterly revenue for Q4 2023 was $185.2M, a 3.29% increase from the previous quarter (Q3 2023), and a -2.88% decrease year-over-year (Q4 2022).
What is Forum Energy’s revenue growth rate?
Forum Energy's revenue growth rate for the last 3 years (2021-2023) was 36.56%, and for the last 5 years (2019-2023) was -22.75%.
What are Forum Energy’s revenue streams?
Forum Energy's revenue streams in c 23 are Drilling And Downhole, Production and Infrastructure, and Completions. Drilling And Downhole generated $329.58M in revenue, accounting 44.47% of the company's total revenue, up 8.21% year-over-year. Production and Infrastructure generated $145.86M in revenue, accounting 19.68% of the company's total revenue, up 10.91% year-over-year. Completions generated $265.63M in revenue, accounting 35.84% of the company's total revenue, up 0.26% year-over-year.
What is Forum Energy’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Forum Energy was Drilling And Downhole. This segment made a revenue of $329.58M, representing 44.47% of the company's total revenue.