USWS · U.S. Well Services, Inc. - 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 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Revenue | $250.46M | $244.01M | $514.76M | $648.85M | $0 |
| Cost of Revenue | - | - | - | - | - |
| Gross Profit | - | - | - | - | - |
| R&D | - | - | - | - | - |
| SG&A | $32.58M | $43.63M | $31.86M | $34.50M | $875.3K |
| Total Operating Expenses | - | - | - | - | - |
| D&A | $35.44M | $80.35M | $154.15M | $108.44M | - |
| Operating Income | ($52.03M) | ($222.44M) | ($75.27M) | ($37.97M) | ($875.3K) |
| Interest Expense | - | - | - | - | - |
| Income Tax | ($27.0K) | ($824.0K) | ($77.0K) | $352.0K | $757.0K |
| Net Income | ($70.61M) | ($235.66M) | ($93.91M) | ($65.90M) | $757.6K |
| EPS - Basic | - | - | - | - | $0.08 |
| EPS - Diluted | - | - | - | - | $0.02 |
Balance Sheet
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Cash & Equivalents | $6.38M | $3.69M | $33.79M | $29.53M | $570.3K |
| Accounts Receivable | $25.74M | $44.39M | $79.54M | $74.44M | - |
| Inventory | $6.35M | $7.96M | $9.05M | $12.44M | - |
| Accounts Payable | $29.18M | $36.36M | $70.17M | $86.58M | - |
| Current Assets | $62.01M | $68.33M | $143.33M | $113.91M | $677.6K |
| Total Assets | $243.56M | $323.22M | $612.78M | $480.23M | $327.13M |
| Current Liabilities | $57.85M | $65.71M | $141.01M | $140.47M | $174.3K |
| Long-term Debt | $167.51M | $274.56M | $274.39M | $91.11M | - |
| Total Liabilities | $348.79M | $353.15M | $426.11M | $239.88M | $10.42M |
| Stockholders' Equity | ($129.10M) | ($105.39M) | $137.11M | $187.55M | $0 |
| Retained Earnings | ($393.04M) | ($346.87M) | ($111.20M) | ($17.38M) | $752.6K |
Cash Flow
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Operating Cash Flow | ($19.28M) | $8.62M | $74.84M | $83.47M | ($1.57M) |
| Investing Cash Flow | $56.16M | ($35.00M) | ($208.29M) | ($139.57M) | ($324.06M) |
| Financing Cash Flow | ($33.02M) | ($9.76M) | $144.82M | $79.71M | $326.13M |
| CapEx | $57.72M | $55.94M | $209.10M | $147.61M | - |
| Free Cash Flow | ($77.00M) | ($47.33M) | ($134.26M) | ($64.14M) | - |
Ratios
| Metric | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | - | - | - | - | - |
| Operating margin | -20.8% | -91.2% | -14.6% | -5.9% | - |
| EBITDA margin | -6.6% | -58.2% | 15.3% | 10.9% | - |
| Net margin | -28.2% | -96.6% | -18.2% | -10.2% | - |
| Free cash flow margin | -30.7% | -19.4% | -26.1% | -9.9% | - |
| FCF / Net income | 1.09 | 0.20 | 1.43 | 0.97 | - |
| R&D / Revenue | - | - | - | - | - |
| SG&A / Revenue | 13.0% | 17.9% | 6.2% | 5.3% | - |
| Effective tax rate | - | - | - | - | 50.0% |
| Return on assets | -29.0% | -72.9% | -15.3% | -13.7% | 0.2% |
| Return on equity | 54.7% | 223.6% | -68.5% | -35.1% | - |
| Return on invested capital | -107.0% | -103.9% | -14.5% | -10.8% | - |
| Liquidity | |||||
| Current ratio | 1.07 | 1.04 | 1.02 | 0.81 | 3.89 |
| Quick ratio | 0.96 | 0.92 | 0.95 | 0.72 | 3.89 |
| Cash ratio | 0.11 | 0.06 | 0.24 | 0.21 | 3.27 |
| Leverage | |||||
| Debt / Equity | -1.30 | -2.61 | 2.00 | 0.49 | - |
| Debt / Assets | 0.69 | 0.85 | 0.45 | 0.19 | - |
| Debt / EBITDA | - | - | 3.48 | 1.29 | - |
| Interest coverage | - | - | - | - | - |
| Equity multiplier | -1.89 | -3.07 | 4.47 | 2.56 | - |
| Liabilities / Assets | 1.43 | 1.09 | 0.70 | 0.50 | 0.03 |
| Efficiency | |||||
| Asset turnover | 1.03 | 0.75 | 0.84 | 1.35 | 0.00 |
| Inventory turnover | - | - | - | - | - |
| Days sales outstanding | 38d | 66d | 56d | 42d | - |
| Days inventory outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - |
| Valuation | |||||
| P / E | - | - | - | - | - |
| P / B | - | - | - | - | - |
| P / S | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - |
| Growth | |||||
| Revenue growth (YoY) | 2.6% | -52.6% | -20.7% | - | - |
| Revenue CAGR (3y) | -27.2% | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - |
| Operating income growth (YoY) | 76.6% | -195.5% | -98.2% | -4237.7% | - |
| Net income growth (YoY) | 70.0% | -150.9% | -42.5% | - | - |
| EPS growth (YoY) | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - |
| FCF growth (YoY) | -62.7% | 64.7% | -109.3% | - | - |
| FCF CAGR (5y) | - | - | - | - | - |
| Book value growth (YoY) | -22.5% | - | -26.9% | - | - |
Stability scores
Altman Z′
FY 2021 · bankruptcy risk
-1.15
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 2021 · 9-point quality
5/9
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: Oil & Gas Field Services, NEC
Comparing U.S. WELL SERVICES against the 5 most active filers in the same SIC group.