Loading…
Flotek Industries, Inc. operates as a chemical and data analytics company 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 offers chemistry solutions, such as proprietary chemistries, specialty chemistries, logistics, and technology services for desired chemical applications program to integrated oil and gas companies, oilfield services companies, independent oil and gas companies, national and state-owned oil companies, geothermal energy companies, solar energy companies, and advanced alternative energy companies. This segment also designs, develops, manufactures, packages, distributes, and markets chemistry solutions designed for existing sustainability practices to reduce the environmental impact of energy on the air, water, land, and people. The DA segment is also involved in the provision of analytical measurement and digital solutions, including measure-and-control services for near real-time insights for process control in the oil and gas value chain, and emerging applications in power and digital valuation; and solutions to optimize performance, improve decision-making, and reduce emissions and carbon intensity; and short and long-term equipment rental. It sells its products directly through in-house sales professionals and contractual agency agreements. Flotek Industries, Inc. was incorporated in 1985 and is headquartered in Houston, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $237M | $25M | $31M | $5M | 27.0% | 26.9% | 190.8% |
| 2024 | $187M | $13M | $10M | $1M | 9.2% | -0.5% | -57.5% |
| 2023 | $188M | $28M | $25M | $-12M | 24.2% | 38.2% | -158.4% |
| 2022 | $136M | $-35M | $-42M | $-45M | -1629.6% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 136.09 | 188.06 | 187.02 | 237.26 |
| Operating Revenue | - | 136.09 | 188.06 | 187.02 | 237.26 |
| Cost Of Revenue | - | 142.79 | 163.79 | 147.64 | 177.43 |
| Gross Profit | - | -6.70 | 24.26 | 39.39 | 59.83 |
| Operating Expense | - | 32.30 | 31.05 | 27.31 | 31.70 |
| Research And Development | - | 4.44 | 2.49 | 1.71 | 1.82 |
| Selling General And Administration | - | 27.12 | 27.83 | 24.71 | 28.05 |
| Total Expenses | - | 175.09 | 194.84 | 174.95 | 209.13 |
| Operating Income | - | -39 | -6.78 | 12.07 | 28.13 |
| Total Operating Income As Reported | - | -35.42 | 23.22 | 12.20 | 23.24 |
| EBITDA | - | -34.54 | 28.45 | 13.13 | 25.43 |
| Normalized EBITDA | - | -38.04 | 23.89 | 13.01 | 25.95 |
| EBIT | - | -35.28 | 27.72 | 12.24 | 23.59 |
| Interest Expense | - | 7.05 | 2.86 | 1.10 | 3.94 |
| Net Interest Income | - | -7.05 | -2.86 | -1.10 | -3.94 |
| Other Non Operating Income Expenses | - | 0.22 | 29.94 | 0.05 | -4.01 |
| Other Income Expense | - | 3.72 | 34.50 | 0.17 | -4.54 |
| Interest Expense Non Operating | - | 7.05 | 2.86 | 1.10 | 3.94 |
| Net Non Operating Interest Income Expense | - | -7.05 | -2.86 | -1.10 | -3.94 |
| Pretax Income | - | -42.33 | 24.86 | 11.15 | 19.66 |
| Tax Provision | - | -0.02 | 0.15 | 0.65 | -10.87 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0.03 | 0.01 | -0.11 |
| Net Income Continuous Operations | - | -42.30 | 24.71 | 10.50 | 30.53 |
| Net Income From Continuing And Discontinued Operation | - | -42.30 | 24.71 | 10.50 | 30.53 |
| Net Income From Continuing Operation Net Minority Interest | - | -42.30 | 24.71 | 10.50 | 30.53 |
| Net Income | - | -42.30 | 24.71 | 10.50 | 30.53 |
| Net Income Common Stockholders | - | -42.30 | 24.71 | 10.50 | 30.53 |
| Net Income Including Noncontrolling Interests | - | -42.30 | 24.71 | 10.50 | 30.53 |
| Normalized Income | - | -45.80 | 20.18 | 10.38 | 30.94 |
| Diluted NI Availto Com Stockholders | - | -42.30 | -2.97 | 10.50 | 30.53 |
| Basic Average Shares | - | 12.40 | 24.83 | 29.53 | 33.90 |
| Diluted Average Shares | - | 12.40 | 28.38 | 30.89 | 36.16 |
| Reconciled Depreciation | - | 0.73 | 0.73 | 0.89 | 1.84 |
| Reconciled Cost Of Revenue | - | 142.79 | 163.79 | 147.64 | 177.43 |
| Total Unusual Items | - | 3.50 | 4.56 | 0.12 | -0.52 |
| Total Unusual Items Excluding Goodwill | - | 3.50 | 4.56 | 0.12 | -0.52 |
| Special Income Charges | - | 3.50 | 4.56 | 0.12 | -0.52 |
| Other Special Charges | -0.88 | -0.58 | -4.52 | - | - |
| Impairment Of Capital Assets | 8.09 | 0 | - | - | - |
| Restructuring And Mergern Acquisition | - | 0 | -0.05 | 0 | 0.53 |
| Depreciation Amortization Depletion Income Statement | - | 0.73 | 0.73 | 0.89 | 1.84 |
| Depreciation And Amortization In Income Statement | - | 0.73 | 0.73 | 0.89 | 1.84 |
| Gain On Sale Of Ppe | - | 2.92 | 0.04 | 0.12 | 0.01 |
| Average Dilution Earnings | - | 0 | -27.68 | 0 | - |
| Depreciation Income Statement | - | 0.73 | 0.73 | 0.89 | 1.84 |
Energy sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Flotek Industries, Inc.this co. | FTK | $898M | 29.41↑ premium | 7.94 | 27.0% | 37.06 |
| Nordic American Tankers Limited | NAT | $1.1B | 90.77 | 2.50 | 2.8% | 14.20 |
| HighPeak Energy, Inc. | HPK | $1.0B | 55.31 | 0.66 | 1.2% | 3.53 |
| Diversified Energy Company | DEC | $1.0B | 2.99 | 1.04 | 34.7% | 4.35 |
| Teekay Corporation Ltd. | TK | $992M |
| - |
| - |
| - |
| - |
| - |
| 10.11 |
| 1.37 |
| 13.5% |
| 0.22 |
| Hallador Energy Company | HNRG | $893M | 21.33 | 5.59 | 26.2% | 9.23 |
| Riley Exploration Permian, Inc. | REPX | $787M | 4.89 | 1.24 | 25.4% | 3.10 |
| Vitesse Energy, Inc. | VTS | $743M | 29.39 | 1.18 | 4.0% | 5.00 |
| Granite Ridge Resources, Inc. | GRNT | $658M | 27.03 | 1.09 | 4.0% | 3.76 |
| Peer Median | - | 24.18 | 1.21 | 8.8% | 4.06 | |