Loading…
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% | -102.2% |
| 2024 | $46M | $-173M | $-207M | $180M | -82.0% | -85.3% | 6454.7% |
| 2023 | $309M | $70M | $-3M | $12M | -0.7% | -14.5% | 411.0% |
| 2022 | $362M | $89M | $-1M | $3M | -0.1% | - | - |
| 2021 |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 362.09 | 309.49 | 45.60 | 44.29 |
| Operating Revenue | - | 362.09 | 309.49 | 45.60 | 44.29 |
| Cost Of Revenue | - | 278.59 | 247.84 | 42.54 | 42.56 |
| Gross Profit | - | 83.50 | 61.65 | 3.06 | 1.73 |
| Operating Expense | - | 103.82 | 82.57 | 126.18 | 29.86 |
| Selling General And Administration | - | 36.16 | 38.05 | 114.47 | 19.57 |
| Total Expenses | - | 382.41 | 330.41 | 168.72 | 72.43 |
| Operating Income | - | -20.33 | -20.92 | -123.12 | -28.14 |
| Total Operating Income As Reported | - | -16.42 | -16.68 | -120.36 | -57.43 |
| EBITDA | - | 88.76 | 70.44 | -173.21 | -17.84 |
| Normalized EBITDA | - | 84.86 | 66.21 | -175.97 | 11.46 |
| EBIT | - | 24.49 | 25.33 | -184.92 | -28.14 |
| Interest Income | - | - | - | - | 1.67 |
| Interest Expense | 6.41 | 11.51 | 16.20 | 9.50 | - |
| Net Interest Income | - | -11.51 | -16.20 | -9.50 | 1.67 |
| Other Non Operating Income Expenses | - | 40.91 | 42.02 | -64.56 | -3.91 |
| Other Income Expense | - | 44.82 | 46.25 | -61.80 | -33.20 |
| Interest Income Non Operating | - | - | - | - | 1.67 |
| Interest Expense Non Operating | 6.41 | 11.51 | 16.20 | 9.50 | - |
| Net Non Operating Interest Income Expense | - | -11.51 | -16.20 | -9.50 | 1.67 |
| Pretax Income | - | 12.99 | 9.13 | -194.42 | -59.67 |
| Tax Provision | - | 13.61 | 12.30 | -11.31 | 4.09 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0.82 | 0.89 | 0.16 | -6.15 |
| Net Income Continuous Operations | - | -0.62 | -3.16 | -183.11 | -63.76 |
| Net Income From Continuing And Discontinued Operation | - | -0.62 | -3.16 | -207.33 | 4.60 |
| Net Income From Continuing Operation Net Minority Interest | - | -0.62 | -3.16 | -183.11 | -63.76 |
| Net Income | - | -0.62 | -3.16 | -207.33 | 4.60 |
| Net Income Common Stockholders | - | -0.62 | -3.16 | -207.33 | 4.60 |
| Net Income Including Noncontrolling Interests | - | -0.62 | -3.16 | -207.33 | 4.60 |
| Normalized Income | - | -3.71 | -6.51 | -185.71 | -40.61 |
| Diluted NI Availto Com Stockholders | - | -0.62 | -3.16 | -207.33 | 4.60 |
| Basic Average Shares | - | 47.18 | 47.78 | 48.06 | 48.27 |
| Diluted Average Shares | - | 47.18 | 47.78 | 48.06 | 48.27 |
| Reconciled Depreciation | - | 61.32 | 41.67 | 11.72 | 10.29 |
| Reconciled Cost Of Revenue | - | 281.53 | 251.28 | 42.54 | 42.56 |
| 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 Discontinuous Operations | - | - | - | -24.21 | 68.35 |
| Special Income Charges | - | 3.91 | 4.23 | 2.76 | -29.30 |
| Impairment Of Capital Assets | - | 0 | 1.81 | 0 | 31.67 |
| Depreciation Amortization Depletion Income Statement | - | 64.27 | 45.11 | 11.72 | 10.29 |
| Depreciation And Amortization In Income Statement | - | 61.32 | 41.67 | 10.30 | 8.72 |
| General And Administrative Expense | 36.58 | 36.16 | 38.05 | 34.77 | - |
| Other Gand A | 35.52 | 35.24 | 36.70 | 33.89 | - |
| Salaries And Wages | 1.07 | 0.92 | 1.34 | 0.88 | - |
| Gain On Sale Of Ppe | - | 3.91 | 6.04 | 2.76 | 2.37 |
| Other Operating Expenses | 1.38 | 2.95 | 3.44 | - | - |
| Provision For Doubtful Accounts | 41.66 | 3.39 | -0.59 | 90.05 | - |
| 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 | - | 60.54 | 40.89 | 10.24 | 8.67 |
| Depletion Income Statement | - | 2.95 | 3.44 | 1.42 | 1.57 |
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 | $185M | 40.24 | 0.72 | 1.8% | -4.84 |
| TrueBlue, Inc. | TBI | $209M | - | 0.76 | -17.5% | 394.69 |
| SEACOR Marine Holdings Inc. | SMHI | $203M | -7.30 | 0.77 | -10.5% | 7.34 |
| Proficient Auto Logistics, Inc. | PAL | $180M | -5.00 | 0.58 | -11.6% | 95.31 |
| JELD-WEN Holding, Inc. | JELD |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| $174M |
| -0.28 |
| 1.89 |
| -673.6% |
| -4.76 |
| HireQuest, Inc. | HQI | $171M | 26.97 | 2.50 | 9.3% | 17.34 |
| RCM Technologies, Inc. | RCMT | $169M | 10.36 | 3.68 | 35.5% | 7.40 |
| NET Power Inc. | NPWR | $164M | - | 0.21 | -283.8% | - |
| Resources Connection, Inc. | RGP | $153M | -0.80 | 0.74 | -92.6% | 8.82 |
| Peer Median | - | -0.54 | 0.76 | -14.5% | 8.82 | |