Flotek Industries, Inc. (FTK) 10-Year Financial Performance & Capital Metrics

FTK • • Industrial / General

EnergyOilfield ServicesOilfield Chemicals & FluidsSpecialty Chemicals

AboutFlotek Industries, Inc. operates as a technology-driven chemistry and data company that serves customers across industrial, commercial, and consumer markets in the United States, the United Arab Emirates, and internationally. It operates in two segments, Chemistry Technologies (CT) and Data Analytics (DA). The CT segment designs, develops, manufactures, packages, distributes, delivers, and markets green specialty chemicals that enhance the profitability of hydrocarbon producers and cleans surfaces in commercial and personal settings to help reduce the spread of bacteria, viruses, and germs. This segment primarily serves integrated oil and gas, oilfield services, independent oil and gas, national and state-owned oil, geothermal energy, solar energy, and alternative energy companies. The DA segment designs, develops, produces, sells, and supports equipment and services that create and provide valuable information on the composition and properties of energy customers' hydrocarbon fluids. This segment's data platforms combine the energy industry's field-deployable, inline optical analyzer with proprietary cloud visualization and analytics. It sells its products directly through a mix of in-house sales professionals, as well as contractual agency agreements. The company was incorporated in 1985 and is headquartered in Houston, Texas.Show more

Revenue $187M -0.5%
EBITDA $13M -45.4%
Net Income $10M -57.5%
EPS (Diluted) 0.34 +440.0%
Gross Margin 21.06% +63.2%
EBITDA Margin 7% -45.1%
Operating Margin 6.52% -47.2%
Net Margin 5.61% -57.3%
ROE 9.73% -79.4%
ROIC 7.74% -50.3%
Debt/Equity 0.11 -35.7%
Interest Coverage 11.14 +37.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 89 (top 11%)
✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

✗Low quality earnings: Net income not backed by cash flow

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-8.39%

5Y9.4%

3Y62.9%

TTM23.56%

Profit (Net Income) CAGR

10Y-15.04%

5Y-

3Y-

TTM290.76%

EPS CAGR

10Y-22.34%

5Y-

3Y-

TTM242.31%

ROCE

10Y Avg-37.42%

5Y Avg-59.35%

3Y Avg-36.48%

Latest10.6%

Peer Comparison

Specialty Chemicals

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FTKFlotek Industries, Inc.	483.03M	16.07	47.26	-0.55%	14.48%	28.9%	0.29%	0.11
TTITETRA Technologies, Inc.	1.55B	11.62	14.17	-4.34%	19.75%	41.37%		0.87
NPKINPK International Inc.	1.16B	13.78	-7.87	4.74%	12.74%	9.89%		0.06

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	334.36M	262.83M	317.1M	177.77M	119.35M	53.14M	43.27M	136.09M	188.06M	187.03M
Revenue Growth %	-0.26%	-0.21%	0.21%	-0.44%	-0.33%	-0.55%	-0.19%	2.15%	0.38%	-0.01%
Cost of Goods Sold+	219.25M	172.15M	227.29M	9.22M	8.46M	81.81M	40.01M	142.79M	163.79M	147.64M
COGS % of Revenue	0.66%	0.65%	0.72%	0.05%	0.07%	1.54%	0.92%	1.05%	0.87%	0.79%
Gross Profit+	115.11M	90.68M	89.81M	168.56M	110.89M	-28.67M	3.26M	-6.7M	24.26M	39.39M
Gross Margin %	0.34%	0.35%	0.28%	0.95%	0.93%	-0.54%	0.08%	-0.05%	0.13%	0.21%
Gross Profit Growth %	-0.37%	-0.21%	-0.01%	0.88%	-0.34%	-1.26%	1.11%	-3.06%	4.62%	0.62%
Operating Expenses+	113.94M	98M	92.37M	201.63M	186.39M	114.97M	34.71M	28.72M	1.04M	27.19M
OpEx % of Revenue	0.34%	0.37%	0.29%	1.13%	1.56%	2.16%	0.8%	0.21%	0.01%	0.15%
Selling, General & Admin	95.48M	80.15M	41.49M	31.47M	27.98M	22.76M	20.17M	27.12M	27.83M	24.71M
SG&A % of Revenue	0.29%	0.3%	0.13%	0.18%	0.23%	0.43%	0.47%	0.2%	0.15%	0.13%
Research & Development	7.46M	9.32M	13.64M	10.36M	8.86M	7.21M	5.54M	4.44M	2.49M	1.71M
R&D % of Revenue	0.02%	0.04%	0.04%	0.06%	0.07%	0.14%	0.13%	0.03%	0.01%	0.01%
Other Operating Expenses	-181K	-303K	812K	-5.04M	149.55M	85M	9.01M	-2.84M	-29.27M	767K
Operating Income+	-19.17M	-7.3M	-2.85M	-69.81M	-75.5M	-143.65M	-31.46M	-35.42M	23.22M	12.2M
Operating Margin %	-0.06%	-0.03%	-0.01%	-0.39%	-0.63%	-2.7%	-0.73%	-0.26%	0.12%	0.07%
Operating Income Growth %	-1.24%	0.62%	0.61%	-23.45%	-0.08%	-0.9%	0.78%	-0.13%	1.66%	-0.47%
EBITDA+	-1.15M	3.13M	6.91M	-60.59M	-67.03M	-140.24M	-30.45M	-34.69M	23.96M	13.09M
EBITDA Margin %	-0%	0.01%	0.02%	-0.34%	-0.56%	-2.64%	-0.7%	-0.25%	0.13%	0.07%
EBITDA Growth %	-1.01%	3.72%	1.21%	-9.77%	-0.11%	-1.09%	0.78%	-0.14%	1.69%	-0.45%
D&A (Non-Cash Add-back)	18.02M	10.43M	9.77M	9.22M	8.46M	3.41M	1.01M	734K	734K	891K
EBIT	12.27M	-4.67M	-9.22M	-77.79M	-73.79M	-142.57M	-30.49M	-35.28M	27.72M	12.24M
Net Interest Income+	-1.52M	-1.98M	-2.17M	-2.87M	-2.02M	-60K	-78K	-7.05M	-2.86M	-1.09M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	1.52M	1.98M	2.17M	2.87M	2.02M	60K	78K	7.05M	2.86M	1.09M
Other Income/Expense	-1.64M	10.45M	-1.07M	-10.85M	-311K	1.02M	890K	-6.91M	1.64M	-1.05M
Pretax Income+	-21.12M	3.14M	-4.21M	-80.66M	-75.81M	-142.63M	-30.57M	-42.33M	24.86M	11.15M
Pretax Margin %	-0.06%	0.01%	-0.01%	-0.45%	-0.64%	-2.68%	-0.71%	-0.31%	0.13%	0.06%
Income Tax+	-7.65M	1.24M	8.84M	-7.21M	262K	-6.18M	-40K	-22K	149K	649K
Effective Tax Rate %	0.64%	-15.63%	6.51%	0.87%	0.45%	0.96%	1%	1%	0.99%	0.94%
Net Income+	-13.46M	-49.13M	-27.39M	-70.34M	-33.91M	-136.45M	-30.53M	-42.3M	24.71M	10.5M
Net Margin %	-0.04%	-0.19%	-0.09%	-0.4%	-0.28%	-2.57%	-0.71%	-0.31%	0.13%	0.06%
Net Income Growth %	-1.25%	-2.65%	0.44%	-1.57%	0.52%	-3.02%	0.78%	-0.39%	1.58%	-0.58%
Net Income (Continuing)	7.16M	1.91M	-17.5M	-73.44M	-76.07M	-136.45M	-30.53M	-42.3M	24.71M	10.5M
Discontinued Operations	0	-44.68M	-7.81M	2.74M	42.16M	0	0	0	0	0
Minority Interest	358K	358K	358K	0	0	0	0	0	0	0
EPS (Diluted)+	-1.47	-5.26	-2.85	-7.28	-3.42	-12.00	-2.52	-3.41	-0.10	0.34
EPS Growth %	-1.35%	-2.58%	0.46%	-1.55%	0.53%	-2.51%	0.79%	-0.35%	0.97%	4.4%
EPS (Basic)	-1.47	-5.30	-2.85	-7.28	-3.42	-12.00	-2.52	-3.41	1.00	0.36
Diluted Shares Outstanding	9.18M	9.35M	9.6M	9.67M	9.79M	11.39M	12.23M	12.4M	28.38M	30.89M
Basic Shares Outstanding	9.17M	9.26M	9.6M	9.67M	9.79M	11.39M	12.23M	12.4M	24.83M	29.53M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	151.74M	188.67M	138.45M	194.78M	153.91M	66.45M	42.6M	80.07M	76.45M	96.46M
Cash & Short-Term Investments	2.21M	4.82M	4.58M	3.04M	100.58M	38.66M	11.53M	12.29M	5.85M	4.4M
Cash Only	2.21M	4.82M	4.58M	3.04M	100.58M	38.66M	11.53M	12.29M	5.85M	4.4M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	40.21M	59.9M	37.72M	40.21M	16.27M	12.17M	13.3M	48.93M	54.09M	75.69M
Days Sales Outstanding	43.9	83.19	43.42	82.55	49.75	83.57	112.17	131.24	104.99	147.73
Inventory	85.49M	58.28M	75.76M	27.29M	23.21M	11.84M	9.45M	15.72M	12.84M	13.3M
Days Inventory Outstanding	142.32	123.57	121.66	1.08K	1K	52.81	86.24	40.18	28.61	32.89
Other Current Assets	63.15M	65.61M	65.98M	124.24M	13.85M	3.79M	8.31M	3.13M	3.67M	3.05M
Total Non-Current Assets+	251.35M	197.92M	191.44M	91.1M	76.69M	19.75M	7.64M	84.74M	81.07M	74.34M
Property, Plant & Equipment	91.91M	74.69M	73.83M	45.48M	56.22M	11.41M	7.34M	10.73M	10.16M	9.5M
Fixed Asset Turnover	3.64x	3.52x	4.29x	3.91x	2.12x	4.66x	5.90x	12.69x	18.51x	19.68x
Goodwill	72.82M	56.66M	56.66M	0	0	8.09M	0	0	0	0
Intangible Assets	69.39M	50.35M	48.23M	26.83M	20.32M	0	0	0	0	0
Long-Term Investments	-14.58M	-16.16M	-68.93M	0	0	0	0	0	0	0
Other Non-Current Assets	14.58M	16.16M	68.93M	126K	0	33K	29K	73.61M	70.61M	64.78M
Total Assets+	403.09M	386.59M	329.89M	285.88M	230.6M	86.21M	50.24M	164.81M	157.51M	170.8M
Asset Turnover	0.83x	0.68x	0.96x	0.62x	0.52x	0.62x	0.86x	0.83x	1.19x	1.10x
Asset Growth %	-0.05%	-0.04%	-0.15%	-0.13%	-0.19%	-0.63%	-0.42%	2.28%	-0.04%	0.08%
Total Current Liabilities+	67M	91.05M	64.63M	84.26M	41.32M	28.86M	18.78M	151.37M	47.78M	50.37M
Accounts Payable	17.22M	29.96M	10.39M	15.01M	16.23M	5.79M	7.62M	33.38M	31.7M	38.07M
Days Payables Outstanding	28.67	63.52	16.69	594.51	699.86	25.82	69.48	85.31	70.65	94.13
Short-Term Debt	32.29M	40.57M	27.95M	49.73M	0	4.05M	1.44M	105.42M	7.67M	4.85M
Deferred Revenue (Current)	0	1000K	0	1000K	0	0	528K	655K	550K	808K
Other Current Liabilities	4.64M	4.96M	12.45M	9.17M	0	0	3.19M	3.2M	704K	507K
Current Ratio	2.26x	2.07x	2.14x	2.31x	3.72x	2.30x	2.27x	0.53x	1.60x	1.92x
Quick Ratio	0.99x	1.43x	0.97x	1.99x	3.16x	1.89x	1.77x	0.43x	1.33x	1.65x
Cash Conversion Cycle	157.55	143.24	148.39	568.82	350.68	110.56	128.94	86.11	62.94	86.49
Total Non-Current Liabilities+	42.08M	7.83M	50M	64.74M	17.25M	10.18M	11.28M	10.84M	7.77M	6.53M
Long-Term Debt	18.25M	7.83M	0	0	0	1.62M	3.35M	2.74M	60K	0
Capital Lease Obligations	0	0	0	0	17.13M	8.44M	7.83M	8.06M	7.68M	6.51M
Deferred Tax Liabilities	23.82M	3.37M	17.34M	16.27M	116K	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	-16.27M	0	0	0	0	0	0
Total Liabilities	109.08M	98.89M	64.63M	84.26M	58.57M	39.04M	30.05M	162.21M	55.55M	56.9M
Total Debt+	50.55M	48.4M	27.95M	49.73M	17.67M	14.8M	13.26M	119.58M	17.88M	12.85M
Net Debt	48.34M	43.58M	23.37M	46.69M	-82.9M	-23.86M	1.73M	107.29M	12.03M	8.45M
Debt / Equity	0.17x	0.17x	0.11x	0.25x	0.10x	0.31x	0.66x	46.06x	0.18x	0.11x
Debt / EBITDA	-	15.49x	4.04x	-	-	-	-	-	0.75x	0.98x
Net Debt / EBITDA	-	13.94x	3.38x	-	-	-	-	-	0.50x	0.65x
Interest Coverage	-12.61x	-3.69x	-1.32x	-24.36x	-37.39x	-2394.13x	-403.28x	-5.02x	8.13x	11.14x
Total Equity+	294.01M	287.7M	265.26M	201.62M	172.03M	47.17M	20.19M	2.6M	101.96M	113.9M
Equity Growth %	-0.04%	-0.02%	-0.08%	-0.24%	-0.15%	-0.73%	-0.57%	-0.87%	38.28%	0.12%
Book Value per Share	32.04	30.78	27.64	20.86	17.57	4.14	1.65	0.21	3.59	3.69
Total Shareholders' Equity	293.65M	287.34M	264.9M	201.62M	172.03M	47.17M	20.19M	2.6M	101.96M	113.9M
Common Stock	6K	6K	6K	6K	6K	8K	8K	1K	3K	3K
Retained Earnings	39.3M	-9.83M	-37.23M	-107.56M	-142.24M	-278.69M	-309.21M	-351.52M	-326.81M	-316.31M
Treasury Stock	-17.87M	-20.27M	-33.06M	-33.24M	-33.48M	-33.85M	-34.1M	-34.25M	-34.5M	-34.67M
Accumulated OCI	-1.24M	-956K	-884K	-1.12M	181K	-19K	81K	181K	127K	251K
Minority Interest	358K	358K	358K	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	26.67M	2.07M	16.45M	-19.52M	-19.09M	-47.84M	-25.84M	-44.63M	-11.3M	3.36M
Operating CF Margin %	0.08%	0.01%	0.05%	-0.11%	-0.16%	-0.9%	-0.6%	-0.33%	-0.06%	0.02%
Operating CF Growth %	-0.45%	-0.92%	6.96%	-2.19%	0.02%	-1.51%	0.46%	-0.73%	0.75%	1.3%
Net Income	-13.46M	1.91M	-13.05M	-73.08M	-76.73M	-136.45M	-30.53M	-42.3M	24.71M	10.5M
Depreciation & Amortization	18.02M	10.43M	12.16M	9.22M	8.46M	3.77M	1.01M	4.33M	8.78M	6.5M
Stock-Based Compensation	14.68M	12.05M	11.17M	7.05M	4.24M	0	3.76M	0	0	0
Deferred Taxes	-7.93M	-19.68M	181K	-5.95M	18.31M	-187K	-56K	-125K	104K	249K
Other Non-Cash Items	16.72M	3.49M	2.19M	45.34M	9.49M	99.79M	-549K	8.62M	-31.73M	4.55M
Working Capital Changes	-1.36M	-6.13M	3.79M	-2.09M	17.15M	-14.76M	523K	-15.15M	-13.17M	-18.44M
Change in Receivables	27.93M	-11.54M	1.45M	-2.61M	20.99M	3.74M	-1.02M	-32.31M	-6.58M	-21.67M
Change in Inventory	-17.63M	-6.53M	-17.29M	2.6M	-65K	3.96M	1.76M	-7.92M	1.94M	-1.11M
Change in Payables	-13.54M	12.65M	-8.72M	4.63M	1.13M	-12.32M	1.83M	25.76M	-1.67M	6.37M
Cash from Investing+	-18.2M	-22.3M	10.45M	-3.41M	167.27M	-17.7M	112K	5.33M	-1.01M	-1.82M
Capital Expenditures	-21.13M	-14.53M	-9.44M	-5.16M	-3.02M	-1.43M	-39K	-421K	-1.08M	-1.94M
CapEx % of Revenue	0.06%	0.06%	0.03%	0.03%	0.03%	0.03%	0%	0%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	4.17M	97K	1.4M	84K	577K	0	151K	0	0	0
Cash from Financing+	-7.35M	22.85M	-27.29M	21.48M	-49.99M	3.73M	-372K	38.27M	5.93M	-3.12M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	2.19M	-3.58M	675K	-469K	0	-1.2M	-390K	-224K	-268K	-326K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	5.54M	-12.47M	7.01M	-24.68M	-22.12M	-49.26M	-25.88M	-45.05M	-12.38M	1.42M
FCF Margin %	0.02%	-0.05%	0.02%	-0.14%	-0.19%	-0.93%	-0.6%	-0.33%	-0.07%	0.01%
FCF Growth %	-0.8%	-3.25%	1.56%	-4.52%	0.1%	-1.23%	0.47%	-0.74%	0.73%	1.11%
FCF per Share	0.60	-1.33	0.73	-2.55	-2.26	-4.33	-2.12	-3.63	-0.44	0.05
FCF Conversion (FCF/Net Income)	-1.98x	-0.04x	-0.60x	0.28x	0.56x	0.35x	0.85x	1.06x	-0.46x	0.32x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-4.48%	-16.89%	-9.91%	-30.13%	-18.15%	-124.5%	-90.63%	-371.29%	47.27%	9.73%
Return on Invested Capital (ROIC)	-4.16%	-1.63%	-0.69%	-19.5%	-33.56%	-191.63%	-104.3%	-40.31%	15.56%	7.74%
Gross Margin	34.43%	34.5%	28.32%	94.82%	92.91%	-53.96%	7.53%	-4.92%	12.9%	21.06%
Net Margin	-4.03%	-18.69%	-8.64%	-39.57%	-28.42%	-256.77%	-70.55%	-31.09%	13.14%	5.61%
Debt / Equity	0.17x	0.17x	0.11x	0.25x	0.10x	0.31x	0.66x	46.06x	0.18x	0.11x
Interest Coverage	-12.61x	-3.69x	-1.32x	-24.36x	-37.39x	-2394.13x	-403.28x	-5.02x	8.13x	11.14x
FCF Conversion	-1.98x	-0.04x	-0.60x	0.28x	0.56x	0.35x	0.85x	1.06x	-0.46x	0.32x
Revenue Growth	-25.56%	-21.39%	20.65%	-43.94%	-32.86%	-55.48%	-18.58%	214.53%	38.18%	-0.55%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Product	-	-	-	172.41M	115.47M	50.48M	40.27M	132.52M	182.69M	180.47M
Product Growth	-	-	-	-	-33.03%	-56.29%	-20.23%	229.12%	37.86%	-1.22%
Service	-	-	-	5.36M	3.88M	2.66M	3M	3.57M	5.36M	6.55M
Service Growth	-	-	-	-	-27.59%	-31.40%	12.77%	18.91%	50.18%	22.23%
Drilling	52.11M	27.63M	11.53M	-	-	-	-	-	-	-
Drilling Growth	-	-46.99%	-58.25%	-	-	-	-	-	-	-
Production Technologies	12.28M	8.29M	4M	-	-	-	-	-	-	-
Production Technologies Growth	-	-32.48%	-51.74%	-	-	-	-	-	-	-
Chemicals	213.59M	-	-	-	-	-	-	-	-	-
Chemicals Growth	-	-	-	-	-	-	-	-	-	-
Consumer and Industrial Chemical Technologies	56.37M	-	-	-	-	-	-	-	-	-
Consumer and Industrial Chemical Technologies Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	273.62M	210.89M	259.61M	146.42M	104.79M	40.63M	33.19M	124.4M	180.3M	177.82M
UNITED STATES Growth	-	-22.93%	23.10%	-43.60%	-28.44%	-61.22%	-18.32%	274.84%	44.94%	-1.37%
UNITED ARAB EMIRATES	-	-	-	-	-	6.76M	4.51M	9.26M	6.55M	7.39M
UNITED ARAB EMIRATES Growth	-	-	-	-	-	-	-33.28%	105.16%	-29.25%	12.87%
Non-US	60.73M	51.94M	57.49M	31.35M	14.57M	5.75M	5.57M	2.44M	1.21M	1.81M
Non-US Growth	-	-14.48%	10.68%	-45.46%	-53.54%	-60.55%	-3.08%	-56.26%	-50.37%	49.55%

Frequently Asked Questions

Valuation & Price

Flotek Industries, Inc. (FTK) has a price-to-earnings (P/E) ratio of 47.3x. This suggests investors expect higher future growth.

Growth & Financials

Flotek Industries, Inc. (FTK) reported $220.5M in revenue for fiscal year 2024. This represents a 15% decrease from $258.8M in 2011.

Flotek Industries, Inc. (FTK) saw revenue decline by 0.5% over the past year.

Yes, Flotek Industries, Inc. (FTK) is profitable, generating $31.9M in net income for fiscal year 2024 (5.6% net margin).

Dividend & Returns

Flotek Industries, Inc. (FTK) has a return on equity (ROE) of 9.7%. This is below average, suggesting room for improvement.

Flotek Industries, Inc. (FTK) had negative free cash flow of $5.2M in fiscal year 2024, likely due to heavy capital investments.

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