Why Forum Energy Technologies Stock Is Soaring Today

Poised to end the week on a positive note, shares of Forum Energy Technologies (FET +6.98%) are ripping higher today following the company, a provider of various goods to the energy industry, reporting its fourth-quarter 2025 financial results.

As of 11:17 a.m. ET, shares of Forum Energy Technology are up 9.3%.

Image source: Getty Images.

Massive backlog growth is only one factor motivating investors

Reporting Q4 2025 revenue of $202 million and adjusted earnings per share (EPS) of $0.41, Forum Energy Technologies beat analysts’ expectations that it would post sales and adjusted EPS of $191 million and $0.36, respectively.

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NYSE: FET

Forum Energy Technologies

Today’s Change

(6.98%) $3.70

Current Price

$56.73

Key Data Points

Market Cap

$603M

Day’s Range

$53.76 - $58.74

52wk Range

$12.78 - $58.74

Volume

17K

Avg Vol

168K

Gross Margin

27.90%

In addition to the headline figures, Forum Energy Technologies provided auspicious outlooks for the future. The company projects revenue of $800 million to $880 million for 2026. Should it achieve the midpoint of this guidance, it will represent year-over-year growth of 6%. Similarly, the company projects 2026 adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $90 million to $110 million. Based on the company reporting 2025 adjusted EBITDA of $86 million, achieving the midpoint of this guidance will represent a 16% year-over-year increase.

Management’s optimism for growth in 2026 is underpinned by the $312 million in backlog that the company had at the end of 2025. Representing a 46% increase over its backlog at the end of 2024, the company’s backlog is its largest in the past 11 years.

Should investors power their portfolios with Forum Energy Technologies stock?

While oil supermajors may receive the lion’s share of interest among those looking for energy stocks, companies that provide goods and services to oil and gas companies – like Forum Energy Technologies – are also worthy of consideration. And with shares of Forum Energy Technologies currently priced at only 10.4 times forward earnings, today seems like a great time to drill down deeper and see if Forum Energy Technologies is the right fit for you.