Forum Energy Technologies, Inc. FET

Competitive advantage analysis · energy

Corporate Default
Overall moat score
38/100
Developing

About Forum Energy Technologies, Inc.

Forum Energy Technologies, Inc. designs, manufactures, and supplies products serving the oil, natural gas, industrial, and renewable energy industries in the United States and internationally. It operates through two segments, Drilling and Completions; and Artificial Lift and Downhole. The Drilling and Completions segment designs, manufactures, and supplies products and solutions to the drilling, subsea, coiled tubing, well stimulation, and intervention … Full FET analysis →

Competitive advantage assessment

Key strengths

  • Revenue Growth Consistent Revenue growth volatility is low (stability score 0.74), suggesting sticky customer base.
  • Strong Liquidity Buffer Liquidity position is strong (score 0.66), providing operational cushion.

Key risks

  • Below-Peer Operating Efficiency Operating margin at 34.0th percentile indicates below-peer efficiency.
  • Elevated Debt Risk Debt serviceability is weak (score 0.29), raising refinancing risk.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Developing
48

Where FET ranks in Oil & Gas Equipment & Services

Forum Energy Technologies, Inc. ranks #34 of 50 scored companies in Oil & Gas Equipment & Services by moat score — the top 68%. The widest moat in the group is Cactus, Inc. Class A Common Sto (WHD) at 78/100.

Moat scores for companies ranked near FET in Oil & Gas Equipment & Services
# Company Moat score Rating
30 Tetra Technologies, Inc. TTI 46/100 Developing
31 Ranger Energy Services, Inc. RNGR 44/100 Developing
32 Select Water Solutions, Inc. WTTR 39/100 Developing
33 RPC, Inc. RES 39/100 Developing
34 Forum Energy Technologies, Inc. FET 38/100 Developing
35 Drilling Tools International Co DTI 38/100 Developing
36 ProPetro Holding Corp. PUMP 34/100 Developing
37 Smart Sand, Inc. SND 33/100 Developing
38 Liberty Energy Inc. LBRT 33/100 Developing

See every Commodities & Mining company ranked by moat score →

How FET scores on the Corporate Default defenses

Pricing Power

Score 48 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 25 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 51 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 21 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 41 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 42 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding FET's moat

What is Forum Energy Technologies, Inc.'s moat score?

Forum Energy Technologies, Inc. (FET) scores 38 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #34 of 50 scored companies in Oil & Gas Equipment & Services, the top 68%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 49 companies in Oil & Gas Equipment & Services. Its strongest defense is Customer Stickiness (51/100) and its weakest is Capital Efficiency (21/100).

How does Forum Energy Technologies, Inc. compare with other Oil & Gas Equipment & Services companies?

Forum Energy Technologies, Inc. ranks #34 of 50 scored companies in Oil & Gas Equipment & Services by moat score. The widest moat in Oil & Gas Equipment & Services is Cactus, Inc. Class A Common Sto (WHD) at 78/100. The companies ranked closest are RPC, Inc. (RES) at 39 just above it and Drilling Tools International Co (DTI) at 38 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 49 companies in Oil & Gas Equipment & Services. The defenses are then weighted to produce the overall score out of 100.

Why is Forum Energy Technologies, Inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Forum Energy Technologies, Inc.?

The Corporate Default template measures 6 defenses, and FET scores: Pricing Power (48), Cost Advantage (25), Customer Stickiness (51), Capital Efficiency (21), Resilience (41), Scale & Market Position (42). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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