Is FORUM ENERGY TECHNOLOGIES, INC. (FET) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 38.4% / 30% | 6.6% / 30% | 24.4% / 30% | 16.25% / 5% | ✗ NOT HALAL |
| DJIM | 38.4% / 33% | 6.6% / 33% | 24.4% / 33% | 16.25% / 5% | ✗ NOT HALAL |
| MSCI | 32.1% / 33% | 5.5% / 33% | 20.4% / 33% | 16.25% / 5% | ✗ NOT HALAL |
| S&P | 38.4% / 33% | 6.6% / 33% | 24.4% / 33% | 16.25% / 5% | ✗ NOT HALAL |
| FTSE | 32.1% / 33% | 5.5% / 33% | 20.4% / 50% | 16.25% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 27.7% | |
| Operating Margin | 6.0% | |
| Net Margin | -1.2% | |
| Return on Equity (ROE) | -3.2% | |
| Return on Assets (ROA) | 1.5% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $70M |
| Free Cash Flow | $64M |
| Total Debt | $220M |
| Debt-to-Equity | 79.6 |
| Current Ratio | 2.2 |
| Total Assets | $752M |
Price & Trading
| Last Close | $60.28 |
| 50-Day MA | $52.49 |
| 200-Day MA | $33.49 |
| Avg Volume | 233K |
| Beta | 0.6 |
|
52-Week Range
$12.78
| |
About FORUM ENERGY TECHNOLOGIES, INC. (FET)
Forum Energy Technologies, Inc. designs, manufactures, and supplies products serving the oil, natural gas, defense, 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 markets, including applications in oil and natural gas, renewable energy, defense, and communications industries. This segment also offers drilling capital equipment and consumable products; subsea remotely operated vehicles and trenchers, submarine rescue vehicles, specialty components and tooling, and technical services; hydraulic fracturing pumps, cooling systems, and high-pressure flexible hoses and flow iron; wireline cable and pressure control equipment; and coiled tubing strings and pressure control equipment, as well as coiled line pipe and related services. The Artificial Lift and Downhole Segment designs, manufactures, and supplies products and solutions for the artificial lift, well construction, production, and infrastructure markets. This segment also offers products designed to safeguard artificial lift equipment and downhole cables; well construction casing and cementing equipment; customized downhole technology solutions, which provides sand and flow control products for heavy oil applications; engineered process systems, production equipment, and separation equipment; and a range of industrial valves. It sells its products through distributors to drilling rig contractors, offshore service companies, governmental organizations, and oil and gas operators and producers. The company was formerly known as Forum Oilfield Technologies, Inc. and changed its name to Forum Energy Technologies, Inc. in August 2010. Forum Energy Technologies, Inc. was incorporated in 2005 and is headquartered in Houston, Texas.
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Frequently Asked Questions
Is FORUM ENERGY TECHNOLOGIES, INC. (FET) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), FORUM ENERGY TECHNOLOGIES, INC. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is FORUM ENERGY TECHNOLOGIES, INC.'s debt ratio?
FORUM ENERGY TECHNOLOGIES, INC.'s debt ratio is 38.4% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 32.1%.
What are FORUM ENERGY TECHNOLOGIES, INC.'s key financial metrics?
FORUM ENERGY TECHNOLOGIES, INC. has a market capitalization of $705M, and revenue of $791M. The company maintains a gross margin of 27.7% and a net margin of -1.2%. Return on equity stands at -3.2%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.