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Mammoth Energy Services, Inc. operates as an energy services company in the United States, Canada, and internationally. It operates in four segments: Well Completion Services, Infrastructure Services, and Natural Sand Proppant Services. The company offers hydraulic fracturing, sand hauling, water transfer, master services agreements. It also provides services on electric transmission and distribution, networks and substation facilities, such as engineering, design, construction, upgrade, maintenance, and repair of high voltage transmission line, substation and lower voltage overhead, and underground distribution systems; installs, maintains, and repair of commercial wiring; and storm repair and restoration services. In addition, the company mines, processes, and sells natural sand proppant; buys processed sand from suppliers on the spot market for resale; and provides logistics solutions to facilitate delivery of frac sand products. Further, it provides directional drilling services for drilling and production of oil and natural gas from unconventional resource play; leasing helicopters, and helicopter training and response services; equipment rentals consist of cranes, light plants, generators, and other oilfield related equipment; remote accommodation; coil tubing, pressure control, flowback, crude oil hauling, cementing, and acidizing services; production testing, solids control, hydrostatic testing, and torque services; contract drilling; rig moving; coil tubing; pressure control services, including nitrogen and fluid pumping services; and full service transportation. It serves government-funded, private, public investor-owned, and co-operative utilities; independent oil and natural gas producers; and land-based drilling contractors. The company was formerly known as Mammoth Energy Partners LP and changed its name to Mammoth Energy Services, Inc. in October 2016. Mammoth Energy Services, Inc. was founded in 2014 and is headquartered in Oklahoma City, Oklahoma.
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 | $44M | $-18M | $5M | $-89M | 1.8% | -2.9% | - |
| 2024 | $46M | $-173M | $-207M | $180M | -82.0% | -85.3% | - |
| 2023 | $309M | $70M | $-3M | $12M | -0.7% | -14.5% | - |
| 2022 | $362M | $89M | $-1M | $3M | -0.1% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 362.09 | 309.49 | 45.60 | 44.29 |
| Cost Of Revenue | 278.59 | 247.84 | 42.53 | 42.56 |
| Gross Profit | 83.50 | 61.65 | 3.06 | 1.73 |
| Operating Expense | 103.83 | 82.57 | 126.18 | 29.86 |
| Operating Income | -20.33 | -20.92 | -123.12 | -28.14 |
| EBITDA | 88.77 | 70.44 | -173.21 | -17.84 |
| EBIT | 24.49 | 25.33 | -184.92 | -28.14 |
| Pretax Income | 12.99 | 9.13 | -194.42 | -59.67 |
| Tax Provision | 13.61 | 12.30 | -11.31 | 4.09 |
| Net Income | -0.62 | -3.16 | -207.33 | 4.60 |
| Net Income Common Stockholders | -0.62 | -3.16 | -207.33 | 4.60 |
| Total Expenses | 382.41 | 330.41 | 168.72 | 72.43 |
| Interest Expense | 11.51 | 16.20 | 9.50 | 0 |
| Interest Income | 0 | 0 | 0 | 1.67 |
| Selling General And Administration | 36.16 | 38.05 | 114.47 | 19.57 |
| Normalized EBITDA | 84.86 | 66.21 | -175.97 | 11.46 |
| Normalized Income | -3.71 | -6.51 | -185.71 | -40.61 |
| Basic EPS | -0.01 | -0.07 | -4.31 | 0.10 |
| Diluted EPS | -0.01 | -0.07 | -4.31 | 0.10 |
| Tax Effect Of Unusual Items | 0.82 | 0.89 | 0.16 | -6.15 |
| Tax Rate For Calcs | 0.21 | 0.21 | 0.06 | 0.21 |
| Total Unusual Items | 3.91 | 4.23 | 2.76 | -29.30 |
| Total Unusual Items Excluding Goodwill | 3.91 | 4.23 | 2.76 | -29.30 |
| Net Income From Continuing Operation Net Minority Interest | -0.62 | -3.16 | -183.11 | -63.76 |
| Reconciled Depreciation | 61.32 | 41.67 | 11.71 | 10.29 |
| Reconciled Cost Of Revenue | 281.53 | 251.28 | 42.53 | 42.56 |
| Net Interest Income | -11.51 | -16.20 | -9.50 | 1.67 |
| Net Income From Continuing And Discontinued Operation | -0.62 | -3.16 | -207.33 | 4.60 |
| Total Operating Income As Reported | -16.42 | -16.68 | -120.36 | -57.43 |
| Diluted Average Shares | 47.17 | 47.78 | 48.06 | 48.27 |
| Basic Average Shares | 47.17 | 47.78 | 48.06 | 48.27 |
| Diluted NI Availto Com Stockholders | -0.62 | -3.16 | -207.33 | 4.60 |
| Net Income Including Noncontrolling Interests | -0.62 | -3.16 | -207.33 | 4.60 |
| Net Income Discontinuous Operations | 0 | 0 | -24.21 | 68.35 |
| Net Income Continuous Operations | -0.62 | -3.16 | -183.11 | -63.76 |
| Other Income Expense | 44.82 | 46.25 | -61.80 | -33.20 |
| Other Non Operating Income Expenses | 40.91 | 42.02 | -64.56 | -3.91 |
| Special Income Charges | 3.91 | 4.23 | 2.76 | -29.30 |
| Gain On Sale Of Ppe | 3.91 | 6.04 | 2.76 | 2.37 |
| Impairment Of Capital Assets | 0 | 1.81 | 0 | 31.67 |
| Net Non Operating Interest Income Expense | -11.51 | -16.20 | -9.50 | 1.67 |
| Interest Expense Non Operating | 11.51 | 16.20 | 9.50 | 0 |
| Interest Income Non Operating | 0 | 0 | 0 | 1.67 |
| Other Operating Expenses | 2.95 | 3.44 | 0 | 0 |
| Provision For Doubtful Accounts | 3.39 | -0.59 | 90.05 | 0 |
| Depreciation Amortization Depletion Income Statement | 64.27 | 45.11 | 11.71 | 10.29 |
| Depletion Income Statement | 2.95 | 3.44 | 1.42 | 1.57 |
| Depreciation And Amortization In Income Statement | 61.32 | 41.67 | 10.30 | 8.72 |
| Amortization | 0.78 | 0.78 | 0.06 | 0.06 |
| Amortization Of Intangibles Income Statement | 0.78 | 0.78 | 0.06 | 0.06 |
| Depreciation Income Statement | 60.55 | 40.89 | 10.24 | 8.67 |
| General And Administrative Expense | 36.16 | 38.05 | 34.77 | 0 |
| Other Gand A | 35.24 | 36.70 | 33.89 | 0 |
| Salaries And Wages | 0.92 | 1.34 | 0.88 | 0 |
| Operating Revenue | 362.09 | 309.49 | 45.60 | 44.29 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Mammoth Energy Services, Inc.this co. | TUSK | $138M | - | 0.54 | 1.8% | -1.24 |
| TrueBlue, Inc. | TBI | $149M | - | 0.54 | -17.5% | -31.74 |
| Resources Connection, Inc. | RGP | $140M | - | 0.75 | -92.6% | 11.99 |
| Atlantic International Corp. | ATLN | $140M | - | -3.06 | 185.2% | -5.02 |
| SKYX Platforms Corp. | SKYX | $135M |
| - |
| -9.02 |
| -8118.2% |
| -6.62 |
| The Eastern Company | EML | $134M | 22.70 | 1.08 | 5.7% | 9.14 |
| DMC Global Inc. | BOOM | $129M | - | 0.53 | -4.2% | 9.35 |
| Byrna Technologies Inc. | BYRN | $128M | 15.72 | 1.93 | 14.7% | 9.07 |
| JELD-WEN Holding, Inc. | JELD | $123M | - | 1.33 | -673.6% | 29.19 |
| Peer Median | - | 19.21 | 0.64 | -10.8% | 9.11 | |