Forum Energy Technologies (FET)
Market Price (2/16/2026): $50.11 | Market Cap: $585.4 MilSector: Energy | Industry: Oil & Gas Equipment & Services
Forum Energy Technologies (FET)
Market Price (2/16/2026): $50.11Market Cap: $585.4 MilSector: EnergyIndustry: Oil & Gas Equipment & Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 10% | Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% | Stock price has recently run up significantly6M Rtn6 month market price return is 114%, 12M Rtn12 month market price return is 159% |
| Attractive yieldFCF Yield is 14% | Weak multi-year price returns3Y Excs Rtn is -10.0% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.3%, Rev Chg QQuarterly Revenue Change % is -5.6% |
| Megatrend and thematic driversMegatrends include US Energy Independence, and Global Energy Infrastructure. Themes include US Oilfield Technologies, and Subsea Production Technologies. | Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 80% | |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -24% | ||
| Key risksFET key risks include [1] potential bankruptcy concerns driven by aggressively increased debt following the Variperm acquisition and [2] limited negotiation power against a competitive and consolidating customer base. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 10% |
| Attractive yieldFCF Yield is 14% |
| Megatrend and thematic driversMegatrends include US Energy Independence, and Global Energy Infrastructure. Themes include US Oilfield Technologies, and Subsea Production Technologies. |
| Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% |
| Weak multi-year price returns3Y Excs Rtn is -10.0% |
| Stock price has recently run up significantly6M Rtn6 month market price return is 114%, 12M Rtn12 month market price return is 159% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.3%, Rev Chg QQuarterly Revenue Change % is -5.6% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 80% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -24% |
| Key risksFET key risks include [1] potential bankruptcy concerns driven by aggressively increased debt following the Variperm acquisition and [2] limited negotiation power against a competitive and consolidating customer base. |
Qualitative Assessment
AI Analysis | Feedback
1. Positive Future Outlook and Strong Demand in Energy Sector: Forum Energy Technologies projects significant growth, anticipating a 9% annual increase in market demand over the next five years, with revenues expected to double to $1.6 billion and free cash flow to nearly triple by 2030. This optimistic outlook is fueled by robust global GDP growth, ongoing urbanization, and escalating energy demands from sectors like AI data centers. The company also expects a near doubling of U.S. LNG exports by 2028 and a substantial need for new oil and gas output globally by 2030, which directly drives demand for FET's energy equipment and services.
2. Improved Financial Performance and Projections: The company has demonstrated strong financial performance, beating Q3 2025 earnings estimates with $0.27 EPS against a $0.19 consensus. For Q4 2025, FET is projected to post quarterly earnings of $0.36 per share, marking a significant year-over-year increase of 175%. Analysts further anticipate a switch from a loss per share in 2025 to estimated earnings of $1.23 in 2026 and $3.25 in 2027, underpinning investor confidence in sustained earnings and cash flow growth, supported by a solid backlog and effective cost controls.
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Stock Movement Drivers
Fundamental Drivers
The 87.5% change in FET stock from 10/31/2025 to 2/15/2026 was primarily driven by a 87.5% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 2152026 | Change |
|---|---|---|---|
| Stock Price ($) | 26.78 | 50.20 | 87.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 790 | 790 | 0.0% |
| P/S Multiple | 0.4 | 0.7 | 87.5% |
| Shares Outstanding (Mil) | 12 | 12 | 0.0% |
| Cumulative Contribution | 87.5% |
Market Drivers
10/31/2025 to 2/15/2026| Return | Correlation | |
|---|---|---|
| FET | 87.5% | |
| Market (SPY) | -0.0% | 26.4% |
| Sector (XLE) | 23.3% | 65.7% |
Fundamental Drivers
The 154.7% change in FET stock from 7/31/2025 to 2/15/2026 was primarily driven by a 147.0% change in the company's P/S Multiple.| (LTM values as of) | 7312025 | 2152026 | Change |
|---|---|---|---|
| Stock Price ($) | 19.71 | 50.20 | 154.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 807 | 790 | -2.1% |
| P/S Multiple | 0.3 | 0.7 | 147.0% |
| Shares Outstanding (Mil) | 12 | 12 | 5.3% |
| Cumulative Contribution | 154.7% |
Market Drivers
7/31/2025 to 2/15/2026| Return | Correlation | |
|---|---|---|
| FET | 154.7% | |
| Market (SPY) | 8.2% | 27.9% |
| Sector (XLE) | 25.7% | 50.0% |
Fundamental Drivers
The 177.0% change in FET stock from 1/31/2025 to 2/15/2026 was primarily driven by a 165.9% change in the company's P/S Multiple.| (LTM values as of) | 1312025 | 2152026 | Change |
|---|---|---|---|
| Stock Price ($) | 18.12 | 50.20 | 177.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 801 | 790 | -1.3% |
| P/S Multiple | 0.3 | 0.7 | 165.9% |
| Shares Outstanding (Mil) | 12 | 12 | 5.5% |
| Cumulative Contribution | 177.0% |
Market Drivers
1/31/2025 to 2/15/2026| Return | Correlation | |
|---|---|---|
| FET | 177.0% | |
| Market (SPY) | 14.3% | 48.2% |
| Sector (XLE) | 27.1% | 65.2% |
Fundamental Drivers
The 52.1% change in FET stock from 1/31/2023 to 2/15/2026 was primarily driven by a 155.8% change in the company's P/S Multiple.| (LTM values as of) | 1312023 | 2152026 | Change |
|---|---|---|---|
| Stock Price ($) | 33.00 | 50.20 | 52.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 657 | 790 | 20.2% |
| P/S Multiple | 0.3 | 0.7 | 155.8% |
| Shares Outstanding (Mil) | 6 | 12 | -50.5% |
| Cumulative Contribution | 52.1% |
Market Drivers
1/31/2023 to 2/15/2026| Return | Correlation | |
|---|---|---|
| FET | 52.1% | |
| Market (SPY) | 74.0% | 35.3% |
| Sector (XLE) | 32.7% | 61.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| FET Return | 35% | 84% | -25% | -30% | 139% | 31% | 308% |
| Peers Return | -10% | 70% | 16% | 35% | 24% | 27% | 280% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -0% | 82% |
Monthly Win Rates [3] | |||||||
| FET Win Rate | 33% | 67% | 42% | 33% | 92% | 100% | |
| Peers Win Rate | 47% | 63% | 53% | 48% | 60% | 90% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| FET Max Drawdown | 0% | 0% | -33% | -37% | -12% | 0% | |
| Peers Max Drawdown | -30% | -15% | -20% | -19% | -25% | -1% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: FTI, HLX, FTK, SLB, BKR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/13/2026 (YTD)
How Low Can It Go
| Event | FET | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -45.1% | -25.4% |
| % Gain to Breakeven | 82.0% | 34.1% |
| Time to Breakeven | 247 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -91.7% | -33.9% |
| % Gain to Breakeven | 1101.3% | 51.3% |
| Time to Breakeven | 2,102 days | 148 days |
| 2018 Correction | ||
| % Loss | -96.1% | -19.8% |
| % Gain to Breakeven | 2476.6% | 24.7% |
| Time to Breakeven | Not Fully Recovered days | 120 days |
Compare to FTI, HLX, FTK, SLB, BKR
In The Past
Forum Energy Technologies's stock fell -45.1% during the 2022 Inflation Shock from a high on 6/2/2021. A -45.1% loss requires a 82.0% gain to breakeven.
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About Forum Energy Technologies (FET)
AI Analysis | Feedback
Here are 1-3 brief analogies for Forum Energy Technologies (FET):
- Caterpillar for the oil and gas industry: Like Caterpillar provides heavy equipment for construction and mining, FET supplies essential specialized equipment and technologies for oil and gas drilling, production, and subsea operations.
- Honeywell for oil and gas industrial technology: Similar to how Honeywell offers diverse industrial technologies and solutions across sectors, FET provides specialized equipment, control systems, and technologies specifically designed for the complexities of the oil and gas industry.
AI Analysis | Feedback
- Subsea Technologies: Provides Remotely Operated Vehicles (ROVs), trenchers, and tooling for subsea construction, intervention, and inspection services.
- Valves and Flow Control Equipment: Manufactures a diverse range of industrial valves, manifolds, and fluid-handling equipment for various oil and gas applications.
- Drilling and Downhole Tools: Offers drilling equipment like pipe handling systems, cementing units, and downhole tools such as coiled tubing and wireline tools for well construction.
- Production and Process Equipment: Supplies pressure vessels, separators, treaters, heaters, and specialized pumping systems used in surface oil and gas processing facilities.
- Well Stimulation and Pumping Technologies: Delivers high-pressure pumps, fluid ends, and related equipment essential for well stimulation services like hydraulic fracturing and cementing.
AI Analysis | Feedback
Major Customers of Forum Energy Technologies (FET)
Forum Energy Technologies (symbol: FET) primarily sells its manufactured technologies and applied products to other companies within the global energy industry (Business-to-Business, B2B).
Based on the company's public filings, including its most recent 10-K report, Forum Energy Technologies does not have any single customer that accounts for 10% or more of its consolidated revenues. Consequently, specific "major customers" by name are not disclosed in their public reports.
However, their customer base primarily consists of various types of companies operating in the upstream and midstream sectors of the oil and gas industry globally. These include:
- Oil and Gas Exploration & Production (E&P) Companies: Firms involved in the discovery, extraction, and production of crude oil and natural gas.
- Oilfield Service Companies: Companies that provide specialized services and equipment (such as drilling, completion, well intervention, and production optimization) to E&P companies. FET's products are integral to the operations of these service providers.
- Drilling Contractors: Companies that own and operate drilling rigs and associated equipment used to drill wells for oil and gas.
AI Analysis | Feedback
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Neal Lux, President and Chief Executive Officer
Neal Lux was appointed President and Chief Executive Officer of Forum Energy Technologies in February 2022. Prior to this, he served as the company's Executive Vice President and Chief Operating Officer from December 2020 to February 2022. Mr. Lux held various operations roles of increasing responsibility with Forum and its subsidiaries from January 2009 to December 2020, including Executive Vice President – Operations, Senior Vice President - Completions, Managing Director – Global Tubing, and President – Global Tubing. He co-founded Global Tubing LLC in April 2007, serving as its President. Mr. Lux holds a B.S. in Industrial Engineering from Purdue University.
D. Lyle Williams Jr., Executive Vice President and Chief Financial Officer
D. Lyle Williams Jr. has served as Executive Vice President and Chief Financial Officer since June 2020. Since January 2007, Mr. Williams held various financial and operations roles at Forum Energy Technologies, including Senior Vice President - Operations; Vice President - Corporate Development and Treasurer; Vice President - Operations Finance; Vice President - Finance and Accounting, Drilling and Subsea Segment; Senior Vice President - Downhole Technologies; Vice President - Subsea Products; and Vice President - Capital Equipment. Before joining Forum, he held several operations positions with Cooper Cameron Corporation, including Director of Operations - Engineering Products. Mr. Williams holds a B.A. in Economics and English from Rice University and an M.B.A. from Harvard University Graduate School of Business Administration.
John C. Ivascu, Executive Vice President, General Counsel, Chief Compliance Officer and Corporate Secretary
John C. Ivascu has served as Executive Vice President, General Counsel, Chief Compliance Officer and Corporate Secretary since June 2020. His previous roles at Forum Energy Technologies since June 2011 include Deputy General Counsel and Secretary and Vice President (February 2018 to February 2019), Associate General Counsel, Assistant Secretary and Vice President (August 2015 to February 2018), and Assistant General Counsel (June 2011 to August 2015).
Michael D. Danford, Senior Vice President and Chief Human Resources Officer
Michael D. Danford has been the Senior Vice President and Chief Human Resources Officer of Forum Energy Technologies since June 2020. Prior to this, he held various human resources leadership positions, including Vice President Human Resources and Director of Human Resources at several companies. Mr. Danford began his career as a recruiter and an employee relations representative in the human resources department.
Mark Brookes, Senior Vice President – Operations
Mark Brookes has served as the Senior Vice President – Operations for Forum Energy Technologies since February 2022. From November 2017 to January 2022, he was the Company's Vice President – Subsea Products and Services. Before joining Forum, Mr. Brookes was with Oceaneering International from February 2012 to November 2017, where he held roles such as General Manager – Specialty Connection Systems and General Manager – Subsea Field Development. From June 2007 to January 2012, he served as a Project and Operations Director for Cameron International. Mr. Brookes holds a Master of Industrial Engineering and Management from Oklahoma State University and a B.S. in Engineering and Management from Brunel University, London.
AI Analysis | Feedback
Key Risks to Forum Energy Technologies (FET)
- Volatility of Oil and Natural Gas Prices and Oilfield Development Activity Levels: As a company operating in the energy sector, Forum Energy Technologies (FET) is highly susceptible to fluctuations in crude oil and natural gas prices, as well as the overall levels of oilfield development activity. Specifically, a decline in natural gas prices has been identified as a challenge to FET's growth. This volatility directly impacts demand for the company's products and services.
- Increased Debt Levels and Financial Health Concerns: FET's financial health presents a significant risk. The company's net debt aggressively increased following the Variperm acquisition, contributing to valuation concerns. One analysis places FET in the "distress zone" based on its Altman Z-Score, indicating a potential risk of bankruptcy within the next two years.
- Competition and Limited Negotiation Power: Forum Energy Technologies faces significant competition within the oil and natural gas industry. Its customer base includes major exploration and production companies and large oilfield service providers, which can result in stiff competition and limited negotiation power for FET. Furthermore, consolidation within the upstream industry means that larger players seek economies of scale and pricing concessions, further intensifying competitive pressures.
AI Analysis | Feedback
The accelerating global energy transition, leading to a structural decline in long-term capital expenditure by oil and gas companies on traditional exploration, development, and production activities. This directly reduces the addressable market and demand for Forum Energy Technologies' core oilfield products and services.
AI Analysis | Feedback
Forum Energy Technologies (FET) operates in several key sectors within the oil and natural gas industry, including drilling, subsea, completions, production, and infrastructure. They provide highly engineered capital equipment and products used in drilling, well construction, production, and transportation of oil and natural gas. Their operations are broadly categorized into two reporting segments: Drilling & Completions, and Artificial Lift & Downhole, with the Production segment also encompassing Valve Product lines.
The addressable markets for FET's main products and services are as follows:
- Well Intervention Market: This market, which includes coiled tubing and well stimulation services, was valued globally at approximately USD 8.3 billion in 2024 and is projected to reach around USD 11.4 billion by 2033, growing at a Compound Annual Growth Rate (CAGR) of 3.6%. North America holds the largest share of the well intervention market, accounting for 39.5% of the revenue in 2023.
- Subsea Technologies Market: The global subsea technology market was estimated at USD 26.4 billion in 2024 and is forecasted to reach USD 49.8 billion by 2033, with a robust CAGR of 7.2%. The broader global subsea systems market was valued at USD 21.36 billion in 2025 and is expected to grow to USD 35.36 billion by 2033, at a CAGR of 6.50%. North America is a dominant player in the subsea systems market, holding over 37% of the global revenue, with a market size of approximately USD 7.9 billion in 2025.
- Downhole Tools Market: Globally, the downhole tools market reached USD 4.7 billion in 2024 and is anticipated to grow to USD 6.4 billion by 2033, exhibiting a CAGR of 3.7%. North America held the largest market revenue share of 34.8% in 2023 and continues to dominate this market.
- Completion Equipment Market: The global completion equipment market was valued at USD 21.43 billion in 2024 and is projected to reach USD 35.78 billion by 2035, with a CAGR of 4.77%. North America is the dominant region, with its market valued at USD 8.75 billion in 2023 and projected to reach USD 13.4 billion by 2032.
- Valves in Oil and Gas Market: The global market for valves in oil and gas is projected to grow from USD 58.40 billion in 2024 to USD 112.39 billion by 2035, at a CAGR of 6.13%. The oil and gas sector represents approximately 22% of the overall industrial valves market in 2024. In the U.S., the valves market is estimated at USD 20.4 billion in 2024 and is expected to reach USD 28.4 billion by 2030, with the oil and gas category dominating applications.
- Pipeline Services Market: The global pipeline and process services market was valued at USD 3.78 billion in 2024 and is projected to grow to USD 5.53 billion by 2032, with a CAGR of 4.91%. North America dominated this market with a 47.28% share in 2024. More broadly, the global pipeline maintenance services market was valued at USD 25.7 billion in 2024 and is expected to reach USD 38.0 billion by 2033.
- Drilling Equipment Market: The global drilling equipment market size is projected to be USD 8.96 billion in 2025 and is expected to reach USD 14.28 billion by 2033, with a CAGR of 6.00%. North America holds a significant share, with a market size of USD 3.32 billion in 2025.
AI Analysis | Feedback
Forum Energy Technologies (FET) is expected to drive future revenue growth over the next 2-3 years through several strategic initiatives and market expansions. Here are 4-5 key drivers of future revenue growth: * "Beat the Market" Strategy and Market Share Expansion: FET is actively pursuing its "Beat the Market" strategy, which involves competing in targeted niche markets, leveraging its competitive advantages, developing differentiated technologies, and utilizing its global manufacturing footprint to increase profitable market share. The company has seen an increase in its annualized revenue per rig and aims to double its market share in growth markets over the next 3 to 5 years. * Expansion in International and Offshore Markets: The company has demonstrated strong bookings and significant backlog growth in international and offshore markets. This includes notable expansion in unconventional markets such as the Middle East and Argentina, and strong demand for subsea projects, with international revenue surpassing U.S. sales in some quarters. * Product Innovation and Development of New Technologies: FET is focused on product innovation, introducing new tools and systems designed to enhance operations and expand into new sectors. Examples include MagnaGuard for safer ESP operations and Unity, an operating system for remotely controlling ROVs. Additionally, FET is developing products for emerging sectors like power generation for AI data centers. * Strategic Acquisitions: Acquisitions, such as that of Variperm, are a key part of FET's strategy to enhance product offerings, expand market reach, and contribute positively to profitability. The company aims for further strategic acquisitions to boost shareholder value and market presence.AI Analysis | Feedback
Share Repurchases
- Through July 2025, Forum Energy Technologies bought back 579,000 shares for $11 million.
- Year-to-date through September 2025, the company repurchased 635,000 shares for $15 million, representing 8% of outstanding shares.
- Forum Energy Technologies has $64 million remaining under its current share repurchase program.
Share Issuance
- In July 2020, Forum Energy Technologies offered to exchange its existing 6.250% senior notes due 2021 for new 9.00% convertible senior secured notes due 2025. These new notes are convertible into common stock.
Outbound Investments
- In November 2023, Forum Energy Technologies agreed to acquire Variperm for approximately $195 million.
- The acquisition of Variperm, a manufacturer of sand and flow control products, is anticipated to increase FET's scale and profitability.
- This acquisition was expected to increase revenue by 17% and raise EBITDA to $121 million, improving EBITDA margins to 14% from 9.5%.
Capital Expenditures
- For the full year 2025, Forum Energy Technologies expects net capital expenditures to be around $0.
- In Q2 2025, a sale-leaseback transaction contributed to free cash flow and facilitated the redeployment of capital to higher-value applications.
- In December 2023, the company sold two manufacturing facilities located in Texas for $20 million.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Forum Energy Technologies Earnings Notes | 12/16/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 50.30 |
| Mkt Cap | 13.2 |
| Rev LTM | 5,548 |
| Op Inc LTM | 688 |
| FCF LTM | 810 |
| FCF 3Y Avg | 511 |
| CFO LTM | 996 |
| CFO 3Y Avg | 657 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -0.8% |
| Rev Chg 3Y Avg | 12.1% |
| Rev Chg Q | 7.5% |
| QoQ Delta Rev Chg LTM | 2.0% |
| Op Mgn LTM | 12.5% |
| Op Mgn 3Y Avg | 8.6% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 12.3% |
| CFO/Rev 3Y Avg | 11.5% |
| FCF/Rev LTM | 9.6% |
| FCF/Rev 3Y Avg | 8.1% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 13.2 |
| P/S | 2.1 |
| P/EBIT | 17.5 |
| P/E | 22.9 |
| P/CFO | 12.0 |
| Total Yield | 4.6% |
| Dividend Yield | 0.2% |
| FCF Yield 3Y Avg | 6.9% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 17.9% |
| 3M Rtn | 32.8% |
| 6M Rtn | 53.2% |
| 12M Rtn | 62.9% |
| 3Y Rtn | 79.7% |
| 1M Excs Rtn | 18.5% |
| 3M Excs Rtn | 35.7% |
| 6M Excs Rtn | 46.7% |
| 12M Excs Rtn | 47.6% |
| 3Y Excs Rtn | 12.2% |
Price Behavior
| Market Price | $50.20 | |
| Market Cap ($ Bil) | 0.6 | |
| First Trading Date | 04/12/2012 | |
| Distance from 52W High | 0.0% | |
| 50 Days | 200 Days | |
| DMA Price | $40.39 | $27.30 |
| DMA Trend | up | up |
| Distance from DMA | 24.3% | 83.9% |
| 3M | 1YR | |
| Volatility | 42.5% | 59.6% |
| Downside Capture | -67.40 | 68.30 |
| Upside Capture | 229.12 | 158.47 |
| Correlation (SPY) | 24.4% | 48.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.53 | 0.72 | 0.78 | 1.20 | 1.47 | 1.15 |
| Up Beta | 2.64 | 0.79 | 0.81 | 2.79 | 1.40 | 1.20 |
| Down Beta | 2.02 | 0.34 | 0.71 | 0.69 | 2.05 | 1.69 |
| Up Capture | 302% | 297% | 282% | 261% | 209% | 54% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 12 | 24 | 36 | 74 | 142 | 372 |
| Down Capture | -156% | -96% | -74% | -45% | 79% | 95% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 8 | 17 | 25 | 51 | 108 | 374 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FET | |
|---|---|---|---|---|
| FET | 185.5% | 59.6% | 2.00 | - |
| Sector ETF (XLE) | 25.2% | 25.2% | 0.85 | 65.5% |
| Equity (SPY) | 14.0% | 19.4% | 0.55 | 48.2% |
| Gold (GLD) | 74.3% | 25.3% | 2.17 | 7.2% |
| Commodities (DBC) | 7.0% | 16.7% | 0.24 | 46.2% |
| Real Estate (VNQ) | 7.9% | 16.6% | 0.28 | 36.0% |
| Bitcoin (BTCUSD) | -29.8% | 44.9% | -0.65 | 19.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FET | |
|---|---|---|---|---|
| FET | 21.9% | 50.7% | 0.58 | - |
| Sector ETF (XLE) | 24.1% | 26.4% | 0.82 | 53.7% |
| Equity (SPY) | 13.3% | 17.0% | 0.62 | 28.6% |
| Gold (GLD) | 22.1% | 17.0% | 1.06 | 11.7% |
| Commodities (DBC) | 10.5% | 18.9% | 0.44 | 40.8% |
| Real Estate (VNQ) | 5.2% | 18.8% | 0.18 | 23.5% |
| Bitcoin (BTCUSD) | 8.3% | 57.2% | 0.37 | 9.0% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FET | |
|---|---|---|---|---|
| FET | -13.5% | 82.6% | 0.18 | - |
| Sector ETF (XLE) | 11.2% | 29.6% | 0.42 | 54.9% |
| Equity (SPY) | 15.6% | 17.9% | 0.75 | 39.5% |
| Gold (GLD) | 15.3% | 15.6% | 0.82 | 0.3% |
| Commodities (DBC) | 8.1% | 17.6% | 0.38 | 36.3% |
| Real Estate (VNQ) | 6.4% | 20.7% | 0.27 | 33.3% |
| Bitcoin (BTCUSD) | 67.9% | 66.7% | 1.07 | 8.9% |
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Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/31/2025 | -16.9% | -10.8% | -1.1% |
| 8/8/2025 | -1.3% | 5.9% | 18.6% |
| 5/2/2025 | -8.2% | -2.7% | 1.6% |
| 2/20/2025 | -3.7% | -1.8% | 8.1% |
| 10/15/2024 | -0.3% | -5.7% | 1.5% |
| 7/17/2024 | 2.0% | 0.1% | -6.6% |
| 5/3/2024 | 1.6% | 3.1% | -11.0% |
| 2/20/2024 | 4.1% | 4.7% | 1.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 15 | 11 | 15 |
| # Negative | 9 | 13 | 9 |
| Median Positive | 4.1% | 4.7% | 12.9% |
| Median Negative | -3.7% | -5.7% | -7.3% |
| Max Positive | 19.9% | 13.7% | 148.7% |
| Max Negative | -16.9% | -12.7% | -59.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 10/31/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/02/2025 | 10-Q |
| 12/31/2024 | 03/03/2025 | 10-K |
| 09/30/2024 | 11/01/2024 | 10-Q |
| 06/30/2024 | 08/02/2024 | 10-Q |
| 03/31/2024 | 05/03/2024 | 10-Q |
| 12/31/2023 | 03/05/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 02/28/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
| 03/31/2022 | 05/06/2022 | 10-Q |
| 12/31/2021 | 03/04/2022 | 10-K |
Industry Resources
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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