Forum Energy (FET) Revenue & Revenue Breakdown

OverviewOwnership Financials Chart Transcripts

Forum Energy Revenue Highlights

Latest Revenue (Y)

$738.90M

Latest Revenue (Q)

$207.81M

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
2024-09-30	$207.81M	1.27%
2024-06-30	$205.21M	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 $207.81M in revenue during Q3 2024, up 1.27% compared to the previous quarter, and up 112.09% 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	$2.74B
EFXT	Enerflex	$3.16B	$860.40M
OII	Oceaneering	$2.42B	$679.81M
DNOW	NOW	$2.32B	$633.00M
RES	RPC	$1.62B	$337.65M
HLX	Helix Energy Solutions Group	$1.29B	$342.42M
VTOL	Bristow Group	$1.23B	$365.12M
NOA	North American Construction Group	$957.22M	$297.03M
OIS	Oil States	$782.28M	-
NR	Newpark Resources	$749.60M	$-188.15M
FET	Forum Energy	$738.90M	$207.81M
GEOS	Geospace	$135.60M	$25.86M
NGS	Natural Gas Services Group	$121.17M	$40.69M

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 Q3 2024 was $207.81M, a 1.27% increase from the previous quarter (Q2 2024), and a 15.90% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $205.21M, a 1.39% increase from the previous quarter (Q1 2024), and a 10.68% increase year-over-year (Q2 2023). FET'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).

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.