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Forum Energy Technologies Inc.  (FET)
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Forum Energy Technologies Inc's

Competitiveness


 

FET Sales vs. its Competitors Q2 2022



Comparing the results to its competitors, Forum Energy Technologies Inc reported Total Revenue increase in the 2 quarter 2022 by 25.34 % year on year.
The sales growth was above Forum Energy Technologies Inc's competitors average revenue growth of 10.18 %, recorded in the same quarter.

List of FET Competitors

With net margin of 5.38 % company achieved higher profitability than its competitors.

More on FET Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


Forum Energy Technologies Inc. achieved net profit of $9.26 millions compare to net loss of $-21.81 millions recorded in same quarter a year ago.

<<  More on FET Income Comparisons


Forum Energy Technologies Inc's Comment on Competitors and Industry Peers


The markets in which we operate are highly competitive. We compete with a number of companies, some of which have greater financial and other resources than we do. The principal competitive factors in our markets are product quality and performance, price, breadth of product offering, availability of products and services, distribution capabilities, responsiveness to customer needs and reputation for service. We believe our products and services in each segment are at least comparable in price, quality, performance and dependability with our competitors' offerings. We seek to differentiate ourselves from our competitors by providing a rapid response to the needs of our customers, a high level of customer service, and innovative product development initiatives. Some of our competitors expend greater amounts of money on formal research and engineering efforts than we do. We believe, however, that our product development efforts are enhanced by the investment of management time we make to improve our customer service and to work with our customers on their specific product needs and challenges.
Although we have no single competitor across all of our product lines, the companies we compete with across the greatest number of our product lines include Cameron International Corporation (a subsidiary of Schlumberger), Exterran Corp., National Oilwell Varco, Inc., TechnipFMC plc, Weatherford International, Ltd., and Weir SPM, a subsidiary of The Weir Group.



  

Overall company Market Share Q2 2022

Due to strong revenue growth of 25.34 % in Overall company Forum Energy Technologies Inc. improved its market share, to approximate 0.34 %.


<<  More on FET Market Share.
 
*Market share is calculated based on total revenue.


FET's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)


COMPANY NAME MARKET CAP
(in millions of $)
REVENUES
(in millions of $)
INCOME
(in millions of $)
EMPLOYEES
Forum Energy Technologies Inc. FET 222.30 606.00 -33.00 2,050
Basic Energy Services Inc BASX 1 377.22 -160.57 0
Baker Hughes Holdings Llc BHI 0 20,460.00 -386.00 0
Core Laboratories N.v. CLB 688 479.32 9.11 4,600
Diamond Offshore Drilling Inc. DO 741 792.61 -804.69 0
Dover Corp DOV 18,004 8,218.12 2,541.60 23,000
Forbes Energy Services Ltd FES 0 160.50 -116.58 843
Fluor Corporation FLR 4,092 12,680.95 -152.53 37,508
Technipfmc Plc FTI 4,157 6,375.70 -238.50 20,300
General Electric Company GE 74,218 74,485.00 -4,443.00 174,000
Halliburton Company HAL 25,579 17,495.00 1,448.00 42,500
Jacobs Engineering Group Inc. J 14,463 14,628.26 543.72 55,000
Nabors Industries Ltd. NBR 1,095 2,267.19 -469.59 0
Nuverra Environmental Solutions Inc NES 35 97.31 -25.83 0
Nextier Oilfield Solutions Inc. NEX 2,059 2,380.85 44.11 0
Nov Inc. NOV 6,907 6,133.00 -87.00 29,593
Rpc inc. RES 1,585 1,153.69 79.62 3,500
Schlumberger Limited SLB 56,219 24,807.00 2,663.00 86,000
Superior Energy Services Inc SPNX 3 543.68 -291.04 0
Expro Group Holdings N.v. XPRO 1,516 1,217.21 -110.87 0
SUBTOTAL 211,584.93 195,358.43 9.65 478,894
       
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