Forum Energy Technologies, Inc. (FET) company profile
Close on Nov 13, 2026Market cap $881.91MP/E 30.1Yield –
About Forum Energy Technologies
Oil & Gas Field Machinery & Equipment, SIC 3533
Forum Energy Technologies, Inc. is a global manufacturing company that designs and supplies capital equipment and consumable products to the oil, natural gas, defense, and renewable energy sectors. It operates through two primary segments: Drilling and Completions, and Artificial Lift and Downhole. Products include tubular handling equipment, subsea remotely operated vehicles and trenchers, pressure pumping systems, coiled tubing, downhole protection accessories, casing and cementing tools, engineered production processing systems, and industrial valves. The company serves oil and gas operators, oilfield service providers, pipeline and refinery operators, original equipment manufacturers, and defense contractors.
Headquartered in Houston, Texas, the company operates across multiple international regions, maintaining regional warehouses and consignment inventories around the world. Its workforce consists of approximately 1,700 employees, with principal staffing concentrated in the United States, Canada, the United Kingdom, and Germany, alongside operations in several other locations.
Summary of the business section of Forum Energy Technologies's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Forum Energy Technologies, Inc.
- Founded
- 2010
- Headquarters
- Houston, TX
- Address
- 10344 Sam Houston Park Drive, Suite 300 77064
- Phone
- (281) 949-2500
- Website
- f-e-t.com
- Employees
- 1,700, Dec 31, 2025
- Industry
- Oil & Gas Field Machinery & Equipment
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- Deloitte & Touche LLP, Houston, Texas
Stock & identifiers
- Ticker
- FET
- Exchange
- NYSE
- IPO date
- Apr 12, 2012
- Shares outstanding
- 11M, Oct 23, 2026
- Public float
- $225.50M, Jun 30, 2025
- Filer category
- Accelerated filer<br>Smaller reporting company
- Stock splits
- 1-for-20 reverse, Nov 10, 2020
- SEC CIK
- 1401257
- CUSIP
- 34984V209
- ISIN
- US34984V2097
- FIGI
- BBG000PDVKL1
- Share class FIGI
- BBG001SR1425
- LEI
- 549300SF93HLCR1REE27
- EIN
- 61-1488595
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| John C. Ivascu | EVP, General Counsel & CCO | 75,512 |
| David Lyle Williams Jr. | EVP, CFO | 123,581 |
| Michael Dewayne Danford | SVP & CHO | 51,439 |
| Steven Pounds | SVP Operations | 22,430 |
| Neal Lux | President & CEO | 347,483 |
| Mark Brookes | SVP | 26,734 |
| Katherine Campbell Keller | VP & Chief Accounting Officer | 5,708 |
| Aron Marquez | Director | 6,411 |
| Louis Raspino | Director | 27,234 |
| John A. Carrig | Director | 75,875 |
| Paul E. Rowsey Iii | Director | 25,627 |
| Evelyn M. Angelle | Director | 46,871 |
| Michael McShane | Director | 30,024 |
| Mark W. Smith | Director | 6,411 |
| Leslie Ann Beyer | Director | 4,015 |
| Forum Energy Technologies, Inc. | Director | 23,071 |
| C. Christopher Gaut | Director | 280,363 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 | $6.16M | $18.67M | $2.43M | $125 | – |
| FY2024 Mr. Lux | $5.06M | $2.80M | $2.17M | $53 | – |
| FY2024 Mr.Lux | $5.05M | $2.79M | $2.17M | $53 | – |
| FY2023 | $4.46M | $2.36M | $1.96M | $75 | – |
| FY2022 | $7.17M | $9.30M | $2.36M | $184 | – |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Stock awards | Incentive pay | Other | Total | vs. prior year |
|---|---|---|---|---|---|---|
| Neal A. Lux President and Chief Executive Officer | $717.77K | $4.23M | $1.20M | $17.00K | $6.16M | +22% |
| D. Lyle Williams EVP and Chief Financial Officer | $502.39K | $1.76M | $619.41K | $17.50K | $2.90M | +14% |
| John C. Ivascu EVP, General Counsel, Chief Compliance Officer and Corporate Secretary | $398.49K | $1.08M | $473.30K | $17.00K | $1.97M | +9% |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we had approximately 1,700 employees.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Aug 18, 2025 | Listing | Registration of securities on an exchange (Form 8-A) |
| Jan 8, 2024 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Jul 6, 2020 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| Apr 30, 2020 | Listing | Registration of securities on an exchange (Form 8-A) |
| Mar 12, 2020 | Listing notice | Notice of delisting or failure to satisfy a listing rule (8-K Item 3.01) |
| Mar 26, 2019 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Aug 1, 2014 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| Apr 11, 2012 | Listing | Registration of securities on an exchange (Form 8-A) |
| Feb 11, 2008 | Name change | Name changed from FORUM OILFIELD TECHNOLOGIES INC to Forum Energy Technologies, Inc. |
See a number that looks wrong?