FETForum Energy Technologies, Inc.
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (A) and big price swings.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -99% · now 3% below its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can FET take a bad year?
Forum Energy Technologies, Inc. carries $116M of net debt at 2.55× EBITDA: a load its earnings can carry.
Net debt · as at Q1 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 2.55×
Net debt / EBITDA
- Debt / equity
- 0.55×
Debt / equity
- Annualised volatility
- 55%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtQ1 2026
- $154M
- Cash and short-term investments
- $37M
- Net debt
- $116M
- EBITDA, trailing twelve months
- $46M
- Operating profit, trailing twelve months
- $32M
- Debt / equity
- 0.55×
- Total debt / EBITDA
- 3.37×
- Annualised volatilitytwo years of daily moves
- 55%
- Worst drawdown on file
- −99%
- Below its 52-week high
- 3.5%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Oil & Gas Equipment & Services
Ranks #25 of 29 by RyuScore