NYSE : FTK
Flotek Industries, Inc. — Financial statements
Energy · Oil & Gas Equipment & Services · United States
Last price 25.68 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 928.95M
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Financial statements
Flotek Industries, Inc. (FTK) reported revenue of 292.97M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 292.97M | 237.26M | 187.03M | 188.06M | 136.09M | 43.27M |
| Cost of Revenue | 220.67M | 177.43M | 147.64M | 163.79M | 142.79M | 47.61M |
| Gross Profit | 72.30M | 59.83M | 39.39M | 24.26M | -6.70M | -4.34M |
| Selling, General & Admin | 29.63M | 28.05M | 24.71M | 27.83M | 27.12M | 20.17M |
| Research & Development | 1.91M | 1.82M | 1.71M | 2.49M | 4.44M | 5.54M |
| Operating Expenses | 34.04M | 31.70M | 27.31M | 31.05M | 32.30M | 26.71M |
| Operating Income | 38.26M | 28.13M | 12.07M | -6.78M | -39.00M | -31.06M |
| Interest Expense | -5.43M | -3.94M | -1.09M | -2.86M | -7.05M | -78.00K |
| Other Non Operating Income (Expenses) | -71.00K | -4.01M | 46.00K | -26.00K | 145.00K | 87.00K |
| EBT Excluding Unusual Items | 32.76M | 20.18M | 11.02M | -9.67M | -45.90M | -31.05M |
| Impairment of Goodwill | -8.09M | |||||
| Gain (Loss) on Sale of Assets | 7.00K | 124.00K | 38.00K | 2.92M | 94.00K | |
| Legal Settlements | 7.60M | |||||
| Other Unusual Items | -530.00K | -530.00K | 34.49M | 659.00K | 881.00K | |
| Pretax Income | 32.23M | 19.66M | 11.15M | 24.86M | -42.33M | -30.57M |
| Income Tax Expense | -5.76M | -10.87M | 649.00K | 149.00K | -22.00K | -40.00K |
| Earnings From Continuing Operations | 38.00M | 30.53M | 10.50M | 24.71M | -42.30M | -30.53M |
| Net Income to Company | 38.00M | 30.53M | 10.50M | 24.71M | -42.30M | -30.53M |
| Net Income | 38.00M | 30.53M | 10.50M | 24.71M | -42.30M | -30.53M |
| Net Income to Common | 38.00M | 30.53M | 10.50M | 24.71M | -42.30M | -30.53M |
| Shares Outstanding (Basic) | 36.05M | 33.90M | 29.53M | 24.83M | 12.40M | 12.23M |
| Shares Outstanding (Diluted) | 38.35M | 36.16M | 30.89M | 28.38M | 12.40M | 12.23M |
| EPS (Basic) | 1.05 | 0.90 | 0.36 | 1.00 | -3.41 | -2.50 |
| EPS (Diluted) | 0.99 | 0.84 | 0.34 | -0.10 | -3.41 | -2.52 |
| Free Cash Flow | -4.11M | 5.22M | 1.42M | -12.38M | -45.05M | -25.88M |
| Free Cash Flow Per Share | -0.11 | 0.14 | 0.05 | -0.44 | -3.63 | -2.12 |
| Gross Margin | 24.68% | 25.22% | 21.06% | 12.90% | -4.92% | -10.04% |
| Operating Margin | 13.06% | 11.86% | 6.46% | -3.61% | -28.65% | -71.78% |
| Profit Margin | 12.97% | 12.87% | 5.61% | 13.14% | -31.09% | -70.55% |
| Free Cash Flow Margin | -1.40% | 2.20% | 0.76% | -6.58% | -33.11% | -59.81% |
| EBITDA | 40.77M | 29.96M | 12.96M | -6.05M | -38.26M | -30.05M |
| EBITDA Margin | 13.91% | 12.63% | 6.93% | -3.22% | -28.12% | -69.44% |
| D&A For EBITDA | 2.50M | 1.84M | 891.00K | 734.00K | 734.00K | 1.01M |
| EBIT | 38.26M | 28.13M | 12.07M | -6.78M | -39.00M | -31.06M |
| EBIT Margin | 13.06% | 11.86% | 6.46% | -3.61% | -28.65% | -71.78% |
| Effective Tax Rate | 5.82% | 0.60% | ||||
| Revenue as Reported | 292.97M | 237.26M | 187.03M | 188.06M | 136.09M | 43.27M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 4.40M | 5.73M | 4.40M | 5.85M | 12.29M | 11.53M |
| Cash & Short-Term Investments | 4.40M | 5.73M | 4.40M | 5.85M | 12.29M | 11.53M |
| Accounts Receivable | 123.61M | 90.87M | 75.69M | 54.09M | 48.93M | 13.30M |
| Other Receivables | 9.52M | |||||
| Receivables | 133.13M | 90.87M | 75.69M | 54.09M | 48.93M | 13.30M |
| Inventory | 26.63M | 10.63M | 13.30M | 12.84M | 15.72M | 9.45M |
| Restricted Cash | 104.00K | 104.00K | 102.00K | 102.00K | 100.00K | 1.79M |
| Other Current Assets | 3.27M | 3.44M | 2.95M | 3.56M | 3.03M | 6.52M |
| Total Current Assets | 167.54M | 110.78M | 96.46M | 76.45M | 80.07M | 42.60M |
| Property, Plant & Equipment | 25.95M | 23.43M | 9.50M | 10.16M | 10.73M | 7.34M |
| Long-Term Accounts Receivable | 48.59M | 55.12M | 63.10M | 68.82M | 72.58M | |
| Long-Term Deferred Tax Assets | 24.41M | 29.15M | 51.00K | 300.00K | 404.00K | 279.00K |
| Other Long-Term Assets | 1.55M | 1.58M | 1.68M | 1.79M | 1.03M | 29.00K |
| Total Assets | 268.04M | 220.05M | 170.80M | 157.51M | 164.81M | 50.24M |
| Accounts Payable | 74.55M | 48.32M | 38.07M | 31.70M | 33.38M | 7.62M |
| Accrued Expenses | 5.06M | 6.12M | 3.90M | 3.71M | 7.88M | 6.19M |
| Short-Term Debt | 11.08M | 4.76M | 5.86M | 9.06M | 103.37M | |
| Current Portion of Long-Term Debt | 60.00K | 179.00K | 2.05M | 1.44M | ||
| Current Portion of Leases | 1.48M | 1.40M | 1.49M | 2.47M | 3.36M | 643.00K |
| Current Income Taxes Payable | 593.00K | 258.00K | 48.00K | 45.00K | 97.00K | 4.00K |
| Current Unearned Revenue | 1.38M | 716.00K | 808.00K | 550.00K | 655.00K | 528.00K |
| Other Current Liabilities | 127.00K | 56.00K | 583.00K | 2.36M | ||
| Total Current Liabilities | 94.14M | 61.58M | 50.37M | 47.78M | 151.37M | 18.78M |
| Long-Term Debt | 39.63M | 39.58M | 60.00K | 2.74M | 3.35M | |
| Long-Term Leases | 4.99M | 5.83M | 6.51M | 7.68M | 8.06M | 7.83M |
| Long-Term Unearned Revenue | 55.00K | 14.00K | 35.00K | 44.00K | 91.00K | |
| Total Liabilities | 138.82M | 106.99M | 56.90M | 55.55M | 162.21M | 30.05M |
| Common Stock | 4.00K | 3.00K | 3.00K | 3.00K | 1.00K | 8.00K |
| Additional Paid-In Capital | 437.09M | 434.96M | 464.62M | 463.14M | 388.18M | 363.42M |
| Retained Earnings | -271.16M | -285.78M | -316.31M | -326.81M | -351.52M | -309.21M |
| Treasury Stock | -36.87M | -36.23M | -34.67M | -34.50M | -34.25M | -34.10M |
| Comprehensive Income & Other | 153.00K | 96.00K | 251.00K | 127.00K | 181.00K | 81.00K |
| Total Common Equity | 129.21M | 113.06M | 113.90M | 101.96M | 2.60M | 20.19M |
| Shareholders' Equity | 129.21M | 113.06M | 113.90M | 101.96M | 2.60M | 20.19M |
| Total Liabilities & Equity | 268.04M | 220.05M | 170.80M | 157.51M | 164.81M | 50.24M |
| Total Debt | 57.19M | 51.58M | 13.92M | 19.45M | 119.58M | 13.26M |
| Net Cash (Debt) | -52.79M | -45.85M | -9.52M | -13.60M | -107.29M | -1.73M |
| Net Cash Per Share | -1.38 | -1.27 | -0.31 | -0.48 | -8.65 | -0.14 |
| Filing Date Shares Outstanding | 36.17M | 36.13M | 29.68M | 29.41M | 14.31M | 12.48M |
| Total Common Shares Outstanding | 36.17M | 30.08M | 29.68M | 29.42M | 12.58M | 11.95M |
| Working Capital | 73.39M | 49.20M | 46.09M | 28.66M | -71.30M | 23.82M |
| Book Value Per Share | 3.57 | 3.76 | 3.84 | 3.47 | 0.21 | 1.69 |
| Tangible Book Value | 129.21M | 113.06M | 113.90M | 101.96M | 2.60M | 20.19M |
| Tangible Book Value Per Share | 3.57 | 3.76 | 3.84 | 3.47 | 0.21 | 1.69 |
| Land | 886.00K | 886.00K | 886.00K | 886.00K | 886.00K | 886.00K |
| Buildings | 6.66M | 6.59M | 5.72M | 5.48M | 5.36M | 5.47M |
| Machinery | 30.55M | 26.43M | 11.37M | 10.15M | 9.50M | 9.52M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 38.00M | 30.53M | 10.50M | 24.71M | -42.30M | -30.53M |
| Depreciation & Amortization | 2.50M | 1.84M | 891.00K | 734.00K | 734.00K | 1.01M |
| Other Amortization | 377.00K | 345.00K | 314.00K | 204.00K | 1.00M | |
| Loss (Gain) From Sale of Assets | -7.00K | -124.00K | -38.00K | -2.92M | -94.00K | |
| Asset Writedown & Restructuring Costs | 8.09M | |||||
| Stock-Based Compensation | 3.20M | 2.30M | 1.37M | -254.00K | 3.33M | 3.76M |
| Provision & Write-off of Bad Debts | 8.59M | 6.91M | 5.79M | 5.17M | 3.57M | -127.00K |
| Other Operating Activities | -4.40M | -9.85M | 3.06M | -28.66M | 7.11M | -8.48M |
| Change in Accounts Receivable | -75.32M | -38.89M | -21.68M | -6.58M | -32.33M | -1.41M |
| Change in Inventory | -14.97M | 3.07M | -1.11M | 1.94M | -7.92M | 1.76M |
| Change in Accounts Payable | 38.20M | 10.24M | 6.37M | -1.67M | 25.76M | 1.83M |
| Change in Income Taxes | 528.00K | 178.00K | 11.00K | -53.00K | 107.00K | 364.00K |
| Change in Other Net Operating Assets | 1.10M | 542.00K | -2.02M | -6.81M | -778.00K | -2.02M |
| Operating Cash Flow | -2.20M | 7.20M | 3.36M | -11.30M | -44.63M | -25.84M |
| Capital Expenditures | -1.91M | -1.98M | -1.94M | -1.08M | -421.00K | -39.00K |
| Sale of Property, Plant & Equipment | 7.00K | 124.00K | 67.00K | 5.75M | 151.00K | |
| Investing Cash Flow | -1.91M | -1.98M | -1.82M | -1.01M | 5.33M | 112.00K |
| Short-Term Debt Issued | 186.95M | 166.95M | 68.72M | 21.15M | ||
| Total Debt Issued | 202.15M | 186.95M | 166.95M | 68.72M | 21.15M | |
| Short-Term Debt Repaid | -188.41M | -169.65M | -61.22M | |||
| Long-Term Debt Repaid | -156.00K | -201.00K | -182.00K | -38.00K | -62.00K | |
| Total Debt Repaid | -196.95M | -188.56M | -169.85M | -61.41M | -38.00K | -62.00K |
| Net Debt Issued (Repaid) | 5.20M | -1.61M | -2.90M | 7.31M | 21.11M | -62.00K |
| Issuance of Common Stock | 747.00K | 731.00K | 114.00K | 77.00K | 133.00K | 80.00K |
| Repurchase of Common Stock | -2.14M | -1.56M | -162.00K | -268.00K | -224.00K | -390.00K |
| Other Financing Activities | -374.00K | -1.30M | -164.00K | -1.19M | 17.25M | |
| Financing Cash Flow | 3.43M | -3.74M | -3.12M | 5.93M | 38.27M | -372.00K |
| Foreign Exchange Rate Adjustments | 57.00K | -155.00K | 124.00K | -54.00K | 100.00K | 100.00K |
| Net Cash Flow | -625.00K | 1.33M | -1.45M | -6.44M | -934.00K | -26.00M |
| Free Cash Flow | -4.11M | 5.22M | 1.42M | -12.38M | -45.05M | -25.88M |
| Free Cash Flow Margin | -1.40% | 2.20% | 0.76% | -6.58% | -33.11% | -59.81% |
| Free Cash Flow Per Share | -0.11 | 0.14 | 0.05 | -0.44 | -3.63 | -2.12 |
| Levered Free Cash Flow | -22.85M | 17.07M | -7.07M | -15.75M | -34.97M | -25.42M |
| Unlevered Free Cash Flow | -19.84M | 19.19M | -6.70M | -14.17M | -31.57M | -25.37M |
| Cash Interest Paid | 5.11M | 3.62M | 846.00K | 434.00K | 45.00K | 26.00K |
| Cash Income Tax Paid | 189.00K | 135.00K | 398.00K | -351.00K | ||
| Change in Working Capital | -50.46M | -24.86M | -18.44M | -13.17M | -15.15M | 523.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 912.49M | 515.33M | 281.58M | 114.78M | 84.83M | 86.81M |
| Enterprise Value | 965.28M | 564.68M | 287.38M | 124.29M | 180.49M | 79.66M |
| Last Close Price | 25.35 | 17.23 | 9.53 | 3.92 | 6.72 | 6.78 |
| PE Ratio | 25.58 | 16.88 | 26.82 | 4.64 | ||
| Forward PE | 27.00 | 21.18 | 29.32 | 34.19 | 34.19 | 34.19 |
| PS Ratio | 3.07 | 2.17 | 1.51 | 0.61 | 0.62 | 2.01 |
| PB Ratio | 7.10 | 4.56 | 2.47 | 1.13 | 32.68 | 4.30 |
| P/TBV Ratio | 6.96 | 4.56 | 2.47 | 1.13 | 32.68 | 4.30 |
| P/FCF Ratio | 98.72 | 198.16 | ||||
| P/OCF Ratio | 71.53 | 83.78 | ||||
| PEG Ratio | 4.90 | 4.90 | 4.90 | 4.90 | 4.90 | |
| EV/Sales Ratio | 3.25 | 2.38 | 1.54 | 0.66 | 1.33 | 1.84 |
| EV/EBITDA Ratio | 23.36 | 18.84 | 22.17 | |||
| EV/EBIT Ratio | 24.89 | 20.07 | 23.80 | |||
| EV/FCF Ratio | 108.18 | 202.24 | ||||
| Debt / Equity Ratio | 0.44 | 0.46 | 0.12 | 0.19 | 46.06 | 0.66 |
| Debt / EBITDA Ratio | 1.31 | 1.57 | 0.85 | |||
| Debt / FCF Ratio | 9.88 | 9.80 | ||||
| Net Debt / Equity Ratio | 0.41 | 0.41 | 0.08 | 0.13 | 41.33 | 0.09 |
| Net Debt / EBITDA Ratio | 1.29 | 1.53 | 0.73 | -2.25 | -2.80 | -0.06 |
| Net Debt / FCF Ratio | -12.84 | 8.78 | 6.70 | -1.10 | -2.38 | -0.07 |
| Asset Turnover | 1.33 | 1.21 | 1.14 | 1.17 | 1.27 | 0.63 |
| Inventory Turnover | 11.34 | 14.83 | 11.30 | 11.47 | 11.34 | 4.47 |
| Quick Ratio | 1.46 | 1.57 | 1.59 | 1.25 | 0.40 | 1.32 |
| Current Ratio | 1.78 | 1.80 | 1.92 | 1.60 | 0.53 | 2.27 |
| Return on Equity (ROE) | 37.80% | 26.90% | 9.73% | 47.27% | -371.29% | -90.63% |
| Return on Assets (ROA) | 10.86% | 9.00% | 4.60% | -2.63% | -22.67% | -28.45% |
| Return on Invested Capital (ROIC) | 22.09% | 19.93% | 9.52% | -5.98% | -59.17% | -137.31% |
| Return on Capital Employed (ROCE) | 22.00% | 17.70% | 10.00% | -6.20% | -290.20% | -98.70% |
| Earnings Yield | 3.91% | 5.92% | 3.73% | 21.53% | -49.87% | -35.16% |
| FCF Yield | -0.46% | 1.01% | 0.51% | -10.79% | -53.11% | -29.81% |
| Buyback Yield / Dilution | -17.46% | -17.05% | -8.85% | -128.77% | -1.45% | -7.39% |