FTK · Flotek Industries Inc/Cn/ - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $237.26M | $187.03M | $188.06M | $136.09M | $53.14M | $53.14M |
| Cost of Revenue | $177.43M | $147.64M | $163.79M | $142.79M | $81.81M | - |
| Gross Profit | $59.83M | $39.39M | $24.26M | ($6.70M) | ($28.67M) | - |
| R&D | $1.82M | $1.71M | $2.49M | $4.44M | $5.54M | $7.21M |
| SG&A | $28.05M | $24.71M | $27.87M | $27.12M | $20.17M | $16.31M |
| Total Operating Expenses | $36.59M | $27.19M | $1.04M | $28.72M | $34.71M | $196.79M |
| D&A | $1.84M | $891.0K | $734.0K | $734.0K | $1.01M | $3.41M |
| Operating Income | $23.24M | $12.20M | $23.22M | ($35.42M) | ($31.46M) | ($143.65M) |
| Interest Expense | $3.94M | $1.09M | $2.86M | $7.05M | $78.0K | $60.0K |
| Income Tax | ($10.87M) | $649.0K | $149.0K | ($22.0K) | ($40.0K) | ($6.18M) |
| Net Income | $30.53M | $10.50M | $24.71M | ($42.30M) | ($30.53M) | ($136.45M) |
| EPS - Basic | $0.90 | $0.36 | $1.00 | ($3.42) | ($12.00) | - |
| EPS - Diluted | $0.84 | $0.34 | ($0.10) | ($3.42) | ($12.00) | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $5.73M | $4.40M | $5.85M | $12.29M | $11.53M | $38.66M |
| Accounts Receivable | - | - | - | $19.14M | $13.30M | $11.76M |
| Inventory | $10.63M | $13.30M | $12.84M | $15.72M | $9.45M | $11.84M |
| Accounts Payable | $48.32M | $38.07M | $31.70M | $33.38M | $7.62M | $5.79M |
| Current Assets | $110.78M | $96.46M | $76.45M | $81.09M | $42.60M | $66.45M |
| Total Assets | $220.05M | $170.80M | $157.51M | $164.81M | $50.24M | $86.21M |
| Current Liabilities | $61.58M | $50.37M | $47.78M | $151.37M | $18.78M | $28.86M |
| Long-term Debt | $40.00M | $0 | $60.0K | $2.74M | $3.35M | $1.62M |
| Total Liabilities | $106.99M | $56.90M | $55.55M | $162.21M | $30.05M | $39.04M |
| Stockholders' Equity | $113.06M | $113.90M | $101.96M | $2.60M | $20.19M | $47.17M |
| Retained Earnings | ($285.78M) | ($316.31M) | ($326.81M) | ($351.52M) | ($309.21M) | ($278.69M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $7.20M | $3.36M | ($11.30M) | ($44.63M) | ($47.84M) | ($47.84M) |
| Investing Cash Flow | ($1.98M) | ($1.82M) | ($1.01M) | $5.33M | ($17.70M) | ($17.70M) |
| Financing Cash Flow | ($3.74M) | ($3.12M) | $5.93M | $38.27M | ($372.0K) | $3.73M |
| CapEx | - | - | - | $421.0K | $39.0K | $1.43M |
| Free Cash Flow | - | - | - | ($45.05M) | ($47.88M) | ($49.26M) |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 25.2% | 21.1% | 12.9% | -4.9% | -54.0% | - |
| Operating margin | 9.8% | 6.5% | 12.3% | -26.0% | -59.2% | -270.3% |
| EBITDA margin | 10.6% | 7.0% | 12.7% | -25.5% | -57.3% | -263.9% |
| Net margin | 12.9% | 5.6% | 13.1% | -31.1% | -57.4% | -256.8% |
| Free cash flow margin | - | - | - | -33.1% | -90.1% | -92.7% |
| FCF / Net income | - | - | - | 1.06 | 1.57 | 0.36 |
| R&D / Revenue | 0.8% | 0.9% | 1.3% | 3.3% | 10.4% | 13.6% |
| SG&A / Revenue | 11.8% | 13.2% | 14.8% | 19.9% | 37.9% | 30.7% |
| Effective tax rate | -55.3% | 5.8% | 0.6% | - | - | - |
| Return on assets | 13.9% | 6.1% | 15.7% | -25.7% | -60.8% | -158.3% |
| Return on equity | 27.0% | 9.2% | 24.2% | -1629.6% | -151.2% | -289.3% |
| Return on invested capital | 15.2% | 10.1% | 22.6% | -524.8% | -105.5% | -232.6% |
| Liquidity | ||||||
| Current ratio | 1.80 | 1.92 | 1.60 | 0.54 | 2.27 | 2.30 |
| Quick ratio | 1.63 | 1.65 | 1.33 | 0.43 | 1.77 | 1.89 |
| Cash ratio | 0.09 | 0.09 | 0.12 | 0.08 | 0.61 | 1.34 |
| Leverage | ||||||
| Debt / Equity | 0.35 | 0.00 | 0.00 | 1.05 | 0.17 | 0.03 |
| Debt / Assets | 0.18 | 0.00 | 0.00 | 0.02 | 0.07 | 0.02 |
| Debt / EBITDA | 1.59 | 0.00 | 0.00 | - | - | - |
| Interest coverage | 5.9x | 11.1x | 8.1x | -5.0x | -403.3x | -2394.1x |
| Equity multiplier | 1.95 | 1.50 | 1.54 | 63.49 | 2.49 | 1.83 |
| Liabilities / Assets | 0.49 | 0.33 | 0.35 | 0.98 | 0.60 | 0.45 |
| Efficiency | ||||||
| Asset turnover | 1.08 | 1.10 | 1.19 | 0.83 | 1.06 | 0.62 |
| Inventory turnover | 16.69 | 11.10 | 12.76 | 9.08 | 8.65 | - |
| Days sales outstanding | - | - | - | 51d | 91d | 81d |
| Days inventory outstanding | 22d | 33d | 29d | 40d | 42d | - |
| Days payable outstanding | 99d | 94d | 71d | 85d | 34d | - |
| Cash conversion cycle | - | - | - | 6d | 100d | - |
| Valuation | ||||||
| P / E | 20.5x | 28.0x | - | - | - | - |
| P / B | 5.5x | 2.6x | 1.1x | 192.7x | 22.9x | - |
| P / S | 2.6x | 1.6x | 0.6x | 3.7x | 8.7x | - |
| EV / EBITDA | 26.2x | 22.2x | 4.4x | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 26.9% | -0.5% | 38.2% | 156.1% | 0.0% | -55.5% |
| Revenue CAGR (3y) | 20.4% | 52.1% | 52.4% | 4.5% | -34.4% | -44.9% |
| Revenue CAGR (5y) | 34.9% | 9.4% | -0.0% | -15.6% | -27.4% | -30.8% |
| Gross profit growth (YoY) | 51.9% | 62.3% | - | 76.6% | - | - |
| Operating income growth (YoY) | 90.6% | -47.5% | - | -12.6% | 78.1% | -87.5% |
| Net income growth (YoY) | 190.8% | -57.5% | - | -38.6% | 77.6% | -322.7% |
| EPS growth (YoY) | 147.1% | - | 97.1% | 71.5% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | 5.9% | 2.8% | -132.6% |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -0.7% | 11.7% | 3827.6% | -87.1% | -57.2% | -72.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$90.44M totalChemistry Technologies Segment$79.56M · 88.0%
Data Analytics Segment$10.87M · 12.0%
Product / service
$237.26M totalProduct$213.49M · 90.0%
Rental$16.14M · 6.8%
Service$7.64M · 3.2%
Geographic
$237.26M totalUS$225.95M · 95.2%
AE$9.95M · 4.2%
Non Us$1.36M · 0.6%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
0.91
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✗Cash flow > net income
- ✗Long-term debt decreased
- ✗Current ratio improved
- ✗No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Miscellaneous Chemical Products
Comparing FLOTEK INDUSTRIES INC/CN/ against the 5 most active filers in the same SIC group.