What is Flotek Industries' operating income?

Flotek Industries' total operating income in 2025 was $23.24 million, based on the following breakdown: Total Gross Profit: $59.83 million Total Operating Expenses: $36.59 million

Flotek Industries (FTK) Financials

$35.86 +0.03 (+0.09%)

Closing price 08/14/2026 03:59 PM Eastern

Extended Trading

$35.81 -0.05 (-0.14%)

As of 08/14/2026 07:34 PM Eastern

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Annual Income Statements for Flotek Industries

This table shows Flotek Industries' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-13	-94	-55	-141	-34	-136	-31	-42	25	10	31
Consolidated Net Income / (Loss)	-13	-94	-55	-141	-34	-136	-31	-42	25	10	31
Net Income / (Loss) Continuing Operations	7.16	-4.45	-18	-73	-76	-136	-31	-42	25	10	31
Total Pre-Tax Income	11	-6.65	-11	-81	-76	-143	-31	-42	25	11	20
Total Operating Income	12	-17	-10	-70	-76	-144	-31	-35	23	12	23
Total Gross Profit	98	44	54	18	-29	-29	3.26	-6.70	24	39	60
Total Revenue	270	188	243	178	119	53	43	136	188	187	237
Operating Revenue	270	188	243	178	119	53	43	136	188	187	237
Total Cost of Revenue	172	144	189	160	148	82	40	143	164	148	177
Operating Cost of Revenue	172	144	189	160	148	82	40	143	164	148	177
Total Operating Expenses	86	61	65	88	47	115	35	29	1.04	27	37
Selling, General & Admin Expense	70	44	41	31	28	23	20	27	28	25	28
Research & Development Expense	6.66	9.32	13	10	8.86	7.21	5.54	4.44	2.49	1.71	1.82
Depreciation Expense	8.74	8.17	9.77	9.22	8.47	3.41	1.01	0.73	0.73	0.89	1.84
Other Operating Expenses / (Income)	-	-	-	-	-	-	0.00	-0.66	-30	0.00	4.89
Other Special Charges / (Income)	-0.01	-0.02	0.29	-0.44	1.45	-0.09	-0.09	-2.92	-0.04	-0.12	-0.01
Total Other Income / (Expense), net	-1.64	10	-1.07	-11	-0.31	1.02	0.89	-6.91	1.64	-1.05	-3.59
Interest Expense	1.52	1.98	2.17	2.87	2.02	0.06	-0.80	7.05	-1.67	1.10	3.94
Other Income / (Expense), net	-0.12	12	1.10	-7.98	1.71	1.08	0.09	0.15	-0.03	0.05	0.35
Income Tax Expense	3.48	-2.20	6.11	-7.22	0.26	-6.18	-0.04	-0.02	0.15	0.65	-11
Basic Earnings per Share	($0.25)	($0.88)	($0.47)	($1.21)	($0.57)	($2.00)	($0.42)	($3.41)	$1.00	$0.36	$0.90
Weighted Average Basic Shares Outstanding	54.46M	56.09M	57.58M	58.00M	58.75M	68.31M	73.36M	12.40M	24.83M	29.53M	33.90M
Diluted Earnings per Share	($0.24)	($0.88)	($0.47)	($1.21)	($0.57)	($2.00)	($0.42)	($3.41)	($0.10)	$0.34	$0.84
Weighted Average Diluted Shares Outstanding	54.99M	56.09M	57.58M	58.00M	58.75M	68.31M	73.36M	12.40M	28.38M	30.89M	36.16M
Weighted Average Basic & Diluted Shares Outstanding	53.80M	55.80M	116.60M	116.30M	58.75M	68.31M	76.64M	88.17M	29.66M	29.83M	36.17M

This table shows Flotek Industries' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	2.10	1.56	1.97	2.53	4.43	5.38	1.77	20	3.03	4.66	9.95
Consolidated Net Income / (Loss)	2.10	1.56	1.97	2.53	4.43	5.38	1.77	20	3.03	4.66	9.95
Net Income / (Loss) Continuing Operations	2.10	1.56	1.97	2.53	4.43	5.38	1.77	20	3.03	4.66	9.95
Total Pre-Tax Income	2.16	1.80	1.99	2.57	4.79	5.44	1.79	7.74	4.68	6.27	14
Total Operating Income	2.42	2.11	2.22	2.72	5.14	5.57	2.59	9.10	5.99	7.59	15
Total Gross Profit	9.43	8.82	9.17	9.12	12	12	14	18	15	16	24
Total Revenue	42	40	46	50	51	55	58	56	68	70	99
Operating Revenue	42	40	46	50	51	55	58	56	68	70	99
Total Cost of Revenue	33	32	37	41	38	43	44	38	52	55	76
Operating Cost of Revenue	33	32	37	41	38	43	44	38	52	55	76
Total Operating Expenses	7.01	6.71	6.95	6.40	7.13	6.88	12	8.68	9.21	7.95	8.90
Selling, General & Admin Expense	6.50	6.09	6.28	5.71	6.65	6.28	6.80	7.38	7.58	6.93	7.74
Research & Development Expense	0.26	0.41	0.48	0.46	0.37	0.36	0.46	0.55	0.46	0.40	0.50
Depreciation Expense	0.20	0.22	0.22	0.22	0.23	0.25	0.37	0.58	0.63	0.63	0.66
Other Operating Expenses / (Income)	0.05	-	0.00	0.00	-0.02	-	4.20	0.17	-	-	0.00
Other Special Charges / (Income)	-	0.00	-0.03	0.00	-	-0.01	0.00	0.00	-	0.00	0.00
Total Other Income / (Expense), net	-0.27	-0.30	-0.23	-0.15	-0.36	-0.12	-0.80	-1.36	-1.31	-1.32	-1.35
Interest Expense	0.32	0.28	0.31	0.26	0.25	0.23	0.98	1.35	1.37	1.33	1.37
Other Income / (Expense), net	0.06	-0.03	0.08	0.10	-0.11	0.11	0.18	-0.01	0.07	0.02	0.02
Income Tax Expense	0.05	0.24	0.02	0.04	0.36	0.06	0.02	-13	1.66	1.61	3.58
Basic Earnings per Share	$0.08	$0.05	$0.07	$0.09	$0.15	$0.18	$0.05	$0.57	$0.10	$0.13	$0.28
Weighted Average Basic Shares Outstanding	24.83M	29.43M	29.45M	29.61M	29.53M	29.68M	33.95M	35.87M	33.90M	36.10M	36.15M
Diluted Earnings per Share	$0.08	$0.05	$0.06	$0.08	$0.15	$0.17	$0.05	$0.53	$0.09	$0.12	$0.26
Weighted Average Diluted Shares Outstanding	28.38M	30.32M	30.67M	30.90M	30.89M	31.75M	36.23M	38.14M	36.16M	38.34M	38.47M
Weighted Average Basic & Diluted Shares Outstanding	29.66M	29.66M	29.81M	29.80M	29.83M	29.83M	29.86M	30.06M	36.17M	36.18M	36.22M

This table details how cash moves in and out of Flotek Industries' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	0.94	2.62	-0.24	-1.45	98	-62	-26	-0.93	-6.44	-1.45	1.33
Net Cash From Operating Activities	25	1.17	12	-21	-4.55	-48	-26	-45	-11	3.36	7.20
Net Cash From Continuing Operating Activities	25	1.19	12	-21	-4.55	-48	-26	-45	-11	3.36	7.20
Net Income / (Loss) Continuing Operations	7.16	-4.45	-18	-73	-76	-136	-31	-42	25	10	31
Consolidated Net Income / (Loss)	-13	-49	-27	-70	-34	-136	-31	-42	25	10	31
Depreciation Expense	8.74	8.17	9.77	9.22	8.47	3.41	1.01	0.73	0.73	0.89	1.84
Amortization Expense	0.35	0.40	0.47	0.40	1.43	-	0.00	4.37	5.24	5.93	6.65
Non-Cash Adjustments To Reconcile Net Income	12	14	13	51	13	110	3.21	4.24	-29	1.72	4.24
Changes in Operating Assets and Liabilities, net	-2.93	-17	6.14	-8.04	49	-24	0.47	-12	-13	-16	-36
Net Cash From Investing Activities	-17	-21	15	-2.11	153	-18	0.11	5.33	-1.01	-1.82	-1.98
Net Cash From Continuing Investing Activities	-17	-21	15	-2.11	153	-18	0.11	5.33	-1.01	-1.82	-1.98
Purchase of Property, Plant & Equipment	-16	-13	-4.20	-3.56	-	-1.43	-0.04	-0.42	-1.08	-1.94	-1.98
Sale of Property, Plant & Equipment	0.01	0.12	0.69	1.39	0.24	0.11	0.15	5.75	0.07	0.12	0.01
Net Cash From Financing Activities	-7.35	23	-27	21	-50	3.73	-0.37	38	5.93	-3.12	-3.74
Net Cash From Continuing Financing Activities	-7.35	23	-27	21	-50	3.73	-0.37	38	5.93	-3.12	-3.74
Repayment of Debt	-376	-342	-404	-256	-93	-	0.00	-1.08	-62	-170	-189
Repurchase of Common Equity	-16	-2.35	-6.93	-0.17	-0.25	-	0.00	-1.17	-	0.00	-0.65
Issuance of Debt	383	338	383	278	43	4.79	0.00	21	69	167	187
Issuance of Common Equity	0.89	31	0.65	0.34	0.04	0.46	0.08	20	0.08	0.11	0.16
Other Financing Activities, net	1.31	-2.38	0.02	0.00	-0.05	-1.52	-0.45	-0.26	-0.92	-0.18	-1.08
Effect of Exchange Rate Changes	-0.18	-0.00	0.15	-	-	-0.10	0.10	0.10	-0.05	-	-0.16

This table details how cash moves in and out of Flotek Industries' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Change in Cash & Equivalents	1.40	-0.63	-0.44	0.22	-0.59	1.85	-1.22	-0.43	1.13	-0.06	-1.27
Net Cash From Operating Activities	-2.05	3.89	-3.06	5.10	-2.56	7.31	-4.49	-1.87	6.25	0.02	-6.60
Net Cash From Continuing Operating Activities	-2.05	3.89	-3.06	5.10	-2.56	7.31	-4.49	-1.87	6.25	0.02	-6.60
Net Income / (Loss) Continuing Operations	2.10	1.56	1.97	2.53	4.43	5.38	1.77	20	3.03	4.66	9.95
Consolidated Net Income / (Loss)	2.10	1.56	1.97	2.53	4.43	5.38	1.77	20	3.03	4.66	9.95
Depreciation Expense	0.20	0.22	0.22	0.22	0.23	0.25	0.37	0.58	0.63	0.63	0.66
Amortization Expense	1.45	1.35	1.57	1.67	1.34	1.55	1.52	1.39	2.19	2.33	2.52
Non-Cash Adjustments To Reconcile Net Income	1.24	1.30	1.03	0.91	0.99	0.78	1.36	-0.07	2.17	1.04	2.66
Changes in Operating Assets and Liabilities, net	-7.05	-0.54	-7.86	-0.23	-9.56	-0.65	-9.51	-24	-1.76	-8.64	-22
Net Cash From Investing Activities	-0.49	-0.15	-0.04	-0.26	-1.36	-0.59	-0.71	-0.39	-0.29	-1.00	-0.24
Net Cash From Continuing Investing Activities	-0.49	-0.15	-0.04	-0.26	-1.36	-0.59	-0.71	-0.39	-0.29	-1.00	-0.24
Purchase of Property, Plant & Equipment	-0.49	-0.15	-0.08	-0.26	-1.45	-0.60	-0.71	-0.39	-0.29	-1.00	-0.24
Net Cash From Financing Activities	4.00	-4.41	2.65	-4.56	3.21	-4.83	4.09	1.82	-4.82	0.89	5.54
Net Cash From Continuing Financing Activities	4.00	-4.41	2.65	-4.56	3.21	-4.83	4.09	1.82	-4.82	0.89	5.54
Repayment of Debt	-37	-43	-42	-44	-41	-58	-49	-39	-43	-54	-61
Issuance of Debt	41	39	45	39	44	53	54	40	40	55	67
Issuance of Common Equity	0.03	0.03	0.03	0.03	0.03	0.03	0.04	0.05	0.04	0.04	0.04
Other Financing Activities, net	-0.03	-0.02	-0.03	-0.01	-0.13	-0.02	-0.05	0.51	-1.51	-0.49	-0.22

This table presents Flotek Industries' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	403	383	330	286	231	86	50	165	158	171	220
Total Current Assets	152	189	138	195	154	66	43	80	76	96	111
Cash & Equivalents	2.21	4.82	4.58	3.04	101	39	12	12	5.85	4.40	5.73
Restricted Cash	-	-	-	0.00	0.66	0.66	1.79	0.10	0.10	0.10	0.10
Accounts Receivable	36	47	35	37	16	12	13	42	48	70	83
Inventories, net	51	58	32	27	23	12	9.45	16	13	13	11
Other Current Assets	6.95	22	8.65	5.77	13	3.13	6.52	10	9.40	8.89	11
Plant, Property, & Equipment, net	60	75	53	45	0.00	0.00	0.00	4.83	5.13	6.18	20
Total Noncurrent Assets	191	120	139	46	77	20	7.65	80	76	68	89
Noncurrent Deferred & Refundable Income Taxes	17	13	13	19	0.15	0.22	0.28	0.40	0.30	0.05	29
Other Noncurrent Operating Assets	-	-	0.53	0.13	56	11	7.37	80	76	68	60
Total Liabilities & Shareholders' Equity	403	383	330	286	231	86	50	165	158	171	220
Total Liabilities	109	96	65	84	59	39	30	162	56	57	107
Total Current Liabilities	67	88	65	84	41	29	19	151	48	50	62
Short-Term Debt	32	41	28	50	0.00	4.05	1.44	105	7.67	4.85	3.33
Accounts Payable	17	30	10	15	16	5.79	7.62	33	32	38	48
Accrued Expenses	10	12	14	10	25	18	9.00	8.98	5.89	5.91	7.26
Current Deferred & Payable Income Tax Liabilities	2.26	-	-	-	0.00	0.02	0.00	0.10	0.05	0.05	0.26
Other Current Liabilities	-	-	-	0.00	0.54	0.70	0.64	3.36	2.47	1.49	2.41
Total Noncurrent Liabilities	42	7.83	0.00	0.00	17	10	11	11	7.77	6.53	45
Noncurrent Deferred Revenue	-	-	-	-	0.00	0.12	0.09	0.04	0.04	0.01	0.00
Other Noncurrent Operating Liabilities	-	-	-	0.00	17	8.44	7.83	8.06	7.68	6.51	45
Total Equity & Noncontrolling Interests	294	288	265	202	172	47	20	2.60	102	114	113
Total Preferred & Common Equity	294	287	265	202	172	47	20	2.60	102	114	113
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	294	287	265	202	172	47	20	2.60	102	114	113
Common Stock	273	318	336	344	348	360	363	388	463	465	435
Retained Earnings	39	-9.83	-37	-108	-142	-279	-309	-352	-327	-316	-286
Treasury Stock	-18	-20	-33	-33	-33	-34	-34	-34	-35	-35	-36
Accumulated Other Comprehensive Income / (Loss)	-1.24	-0.96	-0.88	-1.12	0.18	-0.02	0.08	0.18	0.13	0.25	0.10

This table presents Flotek Industries' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026	6/30/2026
Total Assets	158	153	156	156	161	170	172	213	232	268
Total Current Assets	79	73	78	79	86	97	87	100	126	168
Cash & Equivalents	8.84	4.45	5.22	4.78	5.00	6.25	5.03	4.60	5.68	4.40
Restricted Cash	-	-	0.10	0.10	0.10	0.10	-	0.10	0.10	0.10
Accounts Receivable	40	40	49	53	59	68	60	72	83	114
Inventories, net	18	16	14	12	13	14	12	13	14	27
Other Current Assets	12	12	9.71	8.62	9.17	9.25	9.83	10	23	22
Plant, Property, & Equipment, net	4.75	4.84	5.06	4.99	4.96	6.43	21	21	22	23
Total Noncurrent Assets	74	74	73	72	69	66	64	92	84	77
Noncurrent Deferred & Refundable Income Taxes	0.40	0.36	0.09	0.08	0.07	0.04	0.04	30	28	24
Other Noncurrent Operating Assets	74	74	72	72	69	66	64	61	57	53
Total Liabilities & Shareholders' Equity	158	153	156	156	161	170	172	213	232	268
Total Liabilities	60	53	52	50	52	51	100	102	114	139
Total Current Liabilities	53	45	45	43	45	44	55	56	69	94
Short-Term Debt	0.00	3.37	3.29	5.95	1.53	0.02	5.06	6.66	4.67	10
Accounts Payable	45	33	36	32	37	39	36	35	53	75
Accrued Expenses	5.18	5.43	3.37	3.03	4.12	3.98	11	12	8.77	6.12
Current Deferred & Payable Income Tax Liabilities	0.01	0.04	0.08	0.04	0.05	0.13	0.09	0.20	0.30	0.59
Other Current Liabilities	2.94	2.78	2.10	1.87	1.64	1.32	2.03	2.37	2.43	2.48
Total Noncurrent Liabilities	6.77	7.68	7.17	7.17	6.91	6.13	46	46	45	45
Noncurrent Deferred Revenue	0.04	0.04	0.04	0.04	0.04	0.01	0.00	0.00	-	0.06
Other Noncurrent Operating Liabilities	6.59	7.54	7.12	7.14	6.87	6.12	46	46	45	45
Total Equity & Noncontrolling Interests	98	100	104	106	109	120	72	110	118	129
Total Preferred & Common Equity	98	100	104	106	109	120	72	110	118	129
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	98	100	104	106	109	120	72	110	118	129
Common Stock	463	463	463	464	464	465	416	434	436	437
Retained Earnings	-330	-329	-325	-323	-321	-311	-309	-289	-281	-271
Treasury Stock	-34	-34	-35	-35	-35	-35	-35	-35	-37	-37
Accumulated Other Comprehensive Income / (Loss)	0.15	0.19	0.17	0.19	0.13	0.21	0.10	0.11	0.13	0.15

This table displays calculated financial ratios and metrics derived from Flotek Industries' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	53,627,361.00	56,703,963.00	56,825,819.00	57,037,637.00	57,794,676.00	73,094,901.00	79,617,743.00	77,507,267.00	29,662,759.00	-	30,057,823.00
DEI Adjusted Shares Outstanding	8,937,894.00	9,450,661.00	9,470,970.00	9,506,273.00	9,632,446.00	12,182,484.00	13,269,624.00	12,917,878.00	29,662,759.00	-	30,057,823.00
DEI Earnings Per Adjusted Shares Outstanding	-1.51	-9.93	-5.79	-14.80	-3.52	-11.20	-2.30	-3.27	0.83	-	1.02
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-15.60%	-30.28%	29.15%	-26.87%	-32.86%	-55.48%	-18.58%	214.53%	38.18%	-0.55%	26.86%
EBITDA Growth	-67.97%	-81.64%	-73.95%	-6,810.14%	6.27%	-117.78%	78.18%	0.62%	196.68%	-34.66%	68.32%
EBIT Growth	-79.13%	-138.44%	-97.43%	-743.35%	5.14%	-93.20%	78.00%	-12.46%	165.76%	-47.23%	92.71%
NOPAT Growth	-79.76%	-243.72%	39.18%	-576.46%	-8.15%	-90.26%	78.10%	-12.60%	193.10%	-50.24%	214.32%
Net Income Growth	-125.11%	-596.87%	41.60%	-157.42%	75.95%	-302.33%	77.63%	-38.59%	158.42%	-57.52%	190.80%
EPS Growth	-125.00%	-266.67%	46.59%	-157.45%	52.89%	-250.88%	79.00%	-38.59%	97.07%	440.00%	147.06%
Operating Cash Flow Growth	-40.27%	-95.41%	956.93%	-268.62%	78.17%	-952.54%	45.98%	-72.72%	74.69%	129.75%	114.34%
Free Cash Flow Firm Growth	14,652.64%	-157.86%	243.93%	-107.59%	292.47%	-381.55%	53.33%	-451.92%	115.99%	-94.50%	3,956.42%
Invested Capital Growth	-33.82%	26.50%	-38.47%	-22.72%	-49.08%	-80.86%	-13.35%	739.10%	5.33%	10.13%	-3.23%
Revenue Q/Q Growth	6.90%	-8.11%	1.04%	33.82%	-16.70%	-27.50%	41.95%	36.05%	-3.11%	4.80%	7.60%
EBITDA Q/Q Growth	377.63%	-87.21%	-68.37%	-8.36%	-62.13%	10.65%	4.12%	3.93%	184.45%	14.93%	7.61%
EBIT Q/Q Growth	175.76%	-116.92%	-28.77%	-9.73%	-48.58%	11.42%	4.05%	-1.30%	474.75%	26.47%	4.51%
NOPAT Q/Q Growth	174.63%	-164.39%	48.95%	-6.12%	-55.79%	11.50%	4.13%	-1.47%	486.84%	26.37%	-0.28%
Net Income Q/Q Growth	-421.67%	-156.42%	35.11%	24.65%	-163.45%	16.64%	46.71%	-7.19%	589.92%	28.46%	-4.40%
EPS Q/Q Growth	-500.00%	-33.33%	16.07%	19.87%	-337.50%	16.67%	49.40%	-7.19%	-183.33%	21.43%	-5.62%
Operating Cash Flow Q/Q Growth	27.09%	-84.11%	286.39%	-52.63%	-200.91%	-8.28%	4.37%	18.45%	-68.26%	-13.29%	548.29%
Free Cash Flow Firm Q/Q Growth	791.09%	-487.60%	448.32%	-149.41%	-85.55%	-46.69%	10.51%	1.93%	26.40%	-58.30%	36.32%
Invested Capital Q/Q Growth	-32.10%	-14.00%	-41.33%	-43.12%	-31.97%	-32.12%	-40.03%	-9.54%	5.10%	8.35%	-1.69%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	36.28%	23.51%	22.36%	10.11%	-24.09%	-53.96%	7.53%	-4.92%	12.90%	21.06%	25.22%
EBITDA Margin	7.87%	2.07%	0.42%	-38.35%	-53.54%	-261.86%	-70.16%	-22.17%	15.51%	10.19%	13.52%
Operating Margin	4.55%	-9.01%	-4.25%	-39.27%	-63.26%	-270.31%	-72.70%	-26.03%	12.35%	6.52%	9.80%
EBIT Margin	4.50%	-2.48%	-3.79%	-43.76%	-61.83%	-268.28%	-72.50%	-25.92%	12.34%	6.55%	9.94%
Profit (Net Income) Margin	-4.99%	-49.84%	-22.54%	-79.34%	-28.42%	-256.77%	-70.55%	-31.09%	13.14%	5.61%	12.87%
Tax Burden Percent	-126.59%	1,410.51%	480.95%	174.86%	44.74%	95.67%	99.87%	99.95%	99.40%	94.18%	155.32%
Interest Burden Percent	87.49%	142.36%	123.50%	103.68%	102.74%	100.04%	97.44%	119.99%	107.18%	91.06%	83.31%
Effective Tax Rate	32.69%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.60%	5.82%	-55.32%
Return on Invested Capital (ROIC)	2.85%	-4.54%	-3.06%	-30.65%	-50.38%	-238.46%	-174.18%	-44.99%	22.83%	10.54%	32.12%
ROIC Less NNEP Spread (ROIC-NNEP)	219.92%	276.91%	114.83%	93.94%	-73.49%	-185.22%	-133.74%	-85.04%	26.17%	-82.62%	548.27%
Return on Net Nonoperating Assets (RNNOA)	-7.33%	-27.72%	-16.76%	-29.77%	32.22%	113.96%	83.54%	-326.31%	24.44%	-0.81%	-5.22%
Return on Equity (ROE)	-4.48%	-32.25%	-19.82%	-60.42%	-18.15%	-124.50%	-90.63%	-371.29%	47.27%	9.73%	26.90%
Cash Return on Invested Capital (CROIC)	43.55%	-27.93%	44.57%	-5.01%	14.66%	-102.70%	-159.87%	-202.39%	17.64%	0.90%	35.40%
Operating Return on Assets (OROA)	2.94%	-1.19%	-2.59%	-25.27%	-28.57%	-90.00%	-45.98%	-32.81%	14.39%	7.46%	12.07%
Return on Assets (ROA)	-3.26%	-23.86%	-15.37%	-45.81%	-13.13%	-86.14%	-44.74%	-39.34%	15.33%	6.40%	15.62%
Return on Common Equity (ROCE)	-4.48%	-32.21%	-19.79%	-60.37%	-18.15%	-124.50%	-90.63%	-371.29%	47.27%	9.73%	26.90%
Return on Equity Simple (ROE_SIMPLE)	-4.58%	-32.65%	-20.68%	-69.95%	-19.71%	-289.27%	-151.18%	-1,629.62%	24.24%	9.22%	0.00%
Net Operating Profit after Tax (NOPAT)	8.26	-12	-7.22	-49	-53	-101	-22	-25	23	11	36
NOPAT Margin	3.06%	-6.31%	-2.97%	-27.49%	-44.28%	-189.22%	-50.89%	-18.22%	12.27%	6.14%	15.22%
Net Nonoperating Expense Percent (NNEP)	-217.07%	-281.44%	-117.89%	-124.59%	23.11%	-53.23%	-40.43%	40.05%	-3.34%	93.16%	-516.15%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	21.04%	9.67%	31.02%
Cost of Revenue to Revenue	63.72%	76.49%	77.64%	89.89%	124.09%	153.96%	92.47%	104.92%	87.10%	78.94%	74.78%
SG&A Expenses to Revenue	26.03%	23.24%	17.07%	17.70%	23.44%	42.84%	46.61%	19.93%	14.80%	13.21%	11.82%
R&D to Revenue	2.47%	4.95%	5.40%	5.83%	7.43%	13.57%	12.80%	3.26%	1.32%	0.92%	0.77%
Operating Expenses to Revenue	31.73%	32.52%	26.61%	49.38%	39.17%	216.36%	80.23%	21.10%	0.55%	14.54%	15.42%
Earnings before Interest and Taxes (EBIT)	12	-4.67	-9.22	-78	-74	-143	-31	-35	23	12	24
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	21	3.90	1.02	-68	-64	-139	-30	-30	29	19	32
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.09	1.85	1.00	0.31	0.67	3.27	4.46	33.44	1.14	2.49	4.58
Price to Tangible Book Value (P/TBV)	3.29	2.95	1.29	0.36	0.76	3.95	4.46	33.44	1.14	2.49	4.58
Price to Revenue (P/Rev)	2.27	2.83	1.09	0.35	0.97	2.90	2.08	0.64	0.62	1.52	2.18
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	4.71	27.05	16.96
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	21.25%	3.70%	5.89%
Enterprise Value to Invested Capital (EV/IC)	2.87	1.97	1.60	0.78	0.20	8.90	6.94	1.85	1.14	2.49	4.66
Enterprise Value to Revenue (EV/Rev)	2.45	3.06	1.19	0.61	0.12	2.27	1.88	1.34	0.63	1.52	2.17
Enterprise Value to EBITDA (EV/EBITDA)	31.18	147.79	283.99	0.00	0.00	0.00	0.00	0.00	4.05	14.92	16.07
Enterprise Value to EBIT (EV/EBIT)	54.48	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5.09	23.22	21.85
Enterprise Value to NOPAT (EV/NOPAT)	80.12	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5.11	24.75	14.28
Enterprise Value to Operating Cash Flow (EV/OCF)	26.00	493.48	23.37	0.00	0.00	0.00	0.00	0.00	0.00	84.59	71.54
Enterprise Value to Free Cash Flow (EV/FCFF)	5.24	0.00	2.74	0.00	0.93	0.00	0.00	0.00	6.62	289.83	12.95
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.17	0.17	0.11	0.25	0.00	0.12	0.24	41.66	0.08	0.04	0.03
Long-Term Debt to Equity	0.06	0.03	0.00	0.00	0.00	0.03	0.17	1.05	0.00	0.00	0.00
Financial Leverage	-0.03	-0.10	-0.15	-0.32	-0.44	-0.62	-0.62	3.84	0.93	0.01	-0.01
Leverage Ratio	1.38	1.35	1.29	1.32	1.38	1.45	2.03	9.44	3.08	1.52	1.72
Compound Leverage Factor	1.20	1.92	1.59	1.37	1.42	1.45	1.97	11.32	3.30	1.38	1.43
Debt to Total Capital	14.67%	14.40%	9.53%	19.79%	0.00%	10.72%	19.17%	97.66%	7.05%	4.08%	2.86%
Short-Term Debt to Total Capital	9.37%	12.07%	9.53%	19.79%	0.00%	7.66%	5.75%	95.19%	6.99%	4.08%	2.86%
Long-Term Debt to Total Capital	5.30%	2.33%	0.00%	0.00%	0.00%	3.06%	13.42%	2.47%	0.05%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.10%	0.11%	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	85.23%	85.49%	90.35%	80.21%	100.00%	89.28%	80.83%	2.34%	92.95%	95.92%	97.14%
Debt to EBITDA	2.38	12.41	27.51	-0.73	0.00	-0.04	-0.16	-3.59	0.27	0.25	0.10
Net Debt to EBITDA	2.28	11.17	23.00	-0.68	0.00	0.24	0.28	-3.17	0.06	0.02	-0.08
Long-Term Debt to EBITDA	0.86	2.01	0.00	0.00	0.00	-0.01	-0.11	-0.09	0.00	0.00	0.00
Debt to NOPAT	6.12	-4.07	-3.87	-1.02	0.00	-0.06	-0.22	-4.36	0.33	0.42	0.09
Net Debt to NOPAT	5.85	-3.67	-3.23	-0.96	0.00	0.33	0.39	-3.86	0.08	0.03	-0.07
Long-Term Debt to NOPAT	2.21	-0.66	0.00	0.00	0.00	-0.02	-0.15	-0.11	0.00	0.00	0.00
Altman Z-Score	4.53	4.08	3.21	0.10	0.37	-6.47	-7.45	-3.06	0.25	2.06	2.79
Noncontrolling Interest Sharing Ratio	0.12%	0.12%	0.13%	0.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.26	2.15	2.13	2.31	3.72	2.30	2.27	0.53	1.60	1.92	1.80
Quick Ratio	0.56	0.59	0.61	0.48	2.81	1.75	1.32	0.36	1.13	1.47	1.45
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	126	-73	105	-7.99	15	-43	-20	-112	18	0.98	40
Operating Cash Flow to CapEx	155.53%	9.01%	351.91%	-958.38%	0.00%	-3,635.11%	0.00%	0.00%	-1,114.10%	185.08%	364.39%
Free Cash Flow to Firm to Interest Expense	83.08	-36.95	48.54	-2.79	7.62	-721.81	0.00	-15.82	0.00	0.90	10.11
Operating Cash Flow to Interest Expense	16.75	0.59	5.69	-7.26	-2.25	-797.30	0.00	-6.33	0.00	3.07	1.83
Operating Cash Flow Less CapEx to Interest Expense	5.98	-5.96	4.08	-8.02	-2.13	-819.23	0.00	-5.57	0.00	1.41	1.33
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.65	0.48	0.68	0.58	0.46	0.34	0.63	1.27	1.17	1.14	1.21
Accounts Receivable Turnover	4.73	4.55	5.93	4.94	4.53	3.88	3.45	4.94	4.18	3.17	3.10
Inventory Turnover	2.51	2.64	4.16	5.35	5.87	4.67	3.76	11.34	11.47	11.30	14.83
Fixed Asset Turnover	3.70	2.79	3.81	3.62	0.00	0.00	0.00	0.00	37.78	33.08	17.89
Accounts Payable Turnover	6.83	6.10	9.35	12.58	9.48	7.43	5.97	6.97	5.03	4.23	4.11
Days Sales Outstanding (DSO)	77.16	80.15	61.59	73.86	80.56	94.11	105.70	73.91	87.41	115.16	117.69
Days Inventory Outstanding (DIO)	145.15	138.35	87.74	68.23	62.23	78.18	97.11	32.17	31.82	32.31	24.62
Days Payable Outstanding (DPO)	53.47	59.80	39.02	29.01	38.50	49.11	61.13	52.39	72.51	86.25	88.86
Cash Conversion Cycle (CCC)	168.84	158.70	110.32	113.08	104.29	123.17	141.68	53.70	46.72	61.22	53.45
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	231	292	180	139	71	14	12	98	104	114	111
Invested Capital Turnover	0.93	0.72	1.03	1.11	1.14	1.26	3.42	2.47	1.86	1.72	2.11
Increase / (Decrease) in Invested Capital	-118	61	-112	-41	-68	-57	-1.81	87	5.25	11	-3.69
Enterprise Value (EV)	662	576	289	109	14	121	81	183	118	284	515
Market Capitalization	613	532	265	62	116	154	90	87	116	284	518
Book Value per Share	$5.48	$5.07	$4.66	$3.53	$2.98	$0.65	$0.25	$0.03	$3.44	$3.82	$3.76
Tangible Book Value per Share	$3.48	$3.18	$3.62	$3.06	$2.62	$0.53	$0.25	$0.03	$3.44	$3.82	$3.76
Total Capital	345	336	293	251	172	53	25	111	110	119	116
Total Debt	51	48	28	50	0.00	5.67	4.79	108	7.73	4.85	3.33
Total Long-Term Debt	18	7.83	0.00	0.00	0.00	1.62	3.35	2.74	0.06	0.00	0.00
Net Debt	48	44	23	47	-101	-34	-8.54	96	1.78	0.34	-2.50
Capital Expenditures (CapEx)	16	13	3.51	2.17	-0.24	1.32	-0.11	-5.33	1.01	1.82	1.98
Debt-free, Cash-free Net Working Capital (DFCFNWC)	115	137	97	157	11	2.32	12	22	30	46	47
Debt-free Net Working Capital (DFNWC)	117	142	101	160	113	42	25	34	36	51	53
Net Working Capital (NWC)	85	101	73	111	113	38	24	-71	29	46	49
Net Nonoperating Expense (NNE)	22	82	48	92	-19	36	8.51	18	-1.63	0.99	5.57
Net Nonoperating Obligations (NNO)	-63	4.66	-85	-63	-101	-34	-8.45	96	1.78	0.34	-2.50
Total Depreciation and Amortization (D&A)	9.08	8.57	10	9.62	9.89	3.41	1.01	5.11	5.97	6.82	8.49
Debt-free, Cash-free Net Working Capital to Revenue	42.53%	72.61%	39.76%	88.43%	9.51%	4.36%	27.58%	15.97%	16.16%	24.83%	19.68%
Debt-free Net Working Capital to Revenue	43.35%	75.17%	41.65%	90.15%	94.33%	78.36%	58.38%	25.07%	19.32%	27.24%	22.14%
Net Working Capital to Revenue	31.39%	53.62%	30.15%	62.17%	94.33%	70.74%	55.06%	-52.39%	15.24%	24.64%	20.74%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.50)	($5.28)	($2.88)	($7.26)	($3.30)	($12.00)	($2.52)	($3.42)	$1.00	$0.36	$0.90
Adjusted Weighted Average Basic Shares Outstanding	9.08M	9.35M	9.60M	9.67M	9.79M	12.09M	12.23M	12.40M	24.83M	29.53M	33.90M
Adjusted Diluted Earnings per Share	($1.50)	($5.28)	($2.88)	($7.26)	($3.30)	($12.00)	($2.52)	($3.42)	($0.10)	$0.34	$0.84
Adjusted Weighted Average Diluted Shares Outstanding	9.08M	9.39M	9.60M	9.67M	9.79M	12.09M	12.23M	12.40M	28.38M	30.89M	36.16M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	($12.00)	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	8.93M	9.50M	9.46M	9.56M	10.55M	11.39M	12.77M	14.70M	29.66M	29.83M	36.17M
Normalized Net Operating Profit after Tax (NOPAT)	8.26	-12	-7.02	-23	-52	-43	-16	-27	23	11	16
Normalized NOPAT Margin	3.06%	-6.32%	-2.89%	-13.02%	-43.43%	-81.75%	-37.95%	-19.72%	12.25%	6.08%	6.86%
Pre Tax Income Margin	3.94%	-3.53%	-4.69%	-45.37%	-63.52%	-268.40%	-70.64%	-31.10%	13.22%	5.96%	8.28%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	7.99	-2.36	-4.25	-27.14	-36.55	-2,376.15	0.00	-5.00	0.00	11.18	5.99
NOPAT to Interest Expense	5.43	-6.00	-3.33	-17.05	-26.18	-1,675.89	0.00	-3.52	0.00	10.49	9.17
EBIT Less CapEx to Interest Expense	-2.78	-8.91	-5.87	-27.90	-36.43	-2,398.08	0.00	-4.25	0.00	9.52	5.49
NOPAT Less CapEx to Interest Expense	-5.33	-12.55	-4.95	-17.81	-26.06	-1,697.83	0.00	-2.76	0.00	8.83	8.67
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	-0.25%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-119.17%	-2.51%	-12.65%	-0.38%	-0.73%	0.00%	0.00%	-2.77%	0.00%	0.00%	2.14%

This table displays calculated financial ratios and metrics derived from Flotek Industries' official financial filings.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
DEI Shares Outstanding	29,662,759.00	29,662,759.00	29,656,821.00	29,810,978.00	-	29,827,989.00	29,826,498.00	29,857,883.00	30,057,823.00	36,172,491.00	36,177,483.00
DEI Adjusted Shares Outstanding	29,662,759.00	29,662,759.00	29,656,821.00	29,810,978.00	-	29,827,989.00	29,826,498.00	29,857,883.00	30,057,823.00	36,172,491.00	36,177,483.00
DEI Earnings Per Adjusted Shares Outstanding	0.07	0.05	0.07	0.08	-	0.18	0.06	0.68	0.10	0.13	0.28
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-12.50%	-15.90%	-8.78%	5.23%	20.31%	37.12%	26.43%	12.64%	33.02%	26.53%	70.29%
EBITDA Growth	127.96%	-81.74%	103.99%	55.96%	59.91%	104.65%	14.10%	134.90%	34.32%	41.25%	288.01%
EBIT Growth	114.84%	-88.75%	232.42%	84.88%	103.47%	172.48%	20.51%	221.91%	20.23%	34.06%	438.48%
NOPAT Growth	119.97%	-90.14%	368.80%	76.20%	101.53%	201.42%	16.19%	791.56%	-18.76%	2.56%	327.23%
Net Income Growth	111.06%	-92.68%	9,500.00%	96.74%	110.55%	244.43%	-10.44%	703.91%	-31.72%	-13.31%	462.95%
EPS Growth	105.23%	141.67%	154.55%	100.00%	87.50%	240.00%	-16.67%	562.50%	-40.00%	-29.41%	420.00%
Operating Cash Flow Growth	-180.86%	240.96%	9.31%	172.68%	-25.13%	88.14%	-46.76%	-136.58%	343.64%	-99.71%	-46.98%
Free Cash Flow Firm Growth	97.08%	75.21%	-325.93%	-134.64%	-99.26%	47.01%	342.47%	517.26%	231.56%	132.54%	-237.53%
Invested Capital Growth	5.33%	14.76%	20.04%	6.83%	10.13%	11.27%	-33.11%	6.65%	-3.23%	3.26%	88.24%
Revenue Q/Q Growth	-10.75%	-4.30%	14.31%	7.78%	2.04%	9.07%	5.40%	-3.97%	20.50%	3.75%	41.85%
EBITDA Q/Q Growth	36.85%	-11.59%	11.82%	15.27%	40.32%	13.15%	-37.66%	137.32%	-19.77%	18.99%	71.25%
EBIT Q/Q Growth	62.04%	-15.91%	10.33%	22.99%	78.34%	12.60%	-51.21%	228.54%	-33.40%	25.56%	95.99%
NOPAT Q/Q Growth	55.11%	-22.75%	20.82%	21.70%	77.42%	15.54%	-53.42%	833.81%	-83.83%	45.88%	94.02%
Net Income Q/Q Growth	63.48%	-25.76%	26.38%	28.27%	74.96%	21.44%	-67.14%	1,051.30%	-85.14%	54.18%	113.40%
EPS Q/Q Growth	100.00%	-37.50%	20.00%	33.33%	87.50%	13.33%	-70.59%	960.00%	-83.02%	33.33%	116.67%
Operating Cash Flow Q/Q Growth	70.79%	289.70%	-178.72%	266.60%	-150.29%	385.22%	-161.41%	58.47%	434.96%	-99.66%	-31,533.33%
Free Cash Flow Firm Q/Q Growth	-124.63%	-291.40%	-39.25%	74.20%	-41.70%	-4.09%	737.14%	-55.60%	-55.32%	-74.25%	-2,792.73%
Invested Capital Q/Q Growth	5.10%	-1.79%	5.32%	-1.74%	8.35%	-0.77%	-36.69%	56.68%	-1.69%	5.88%	15.42%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	22.36%	21.85%	19.87%	18.33%	24.19%	22.49%	24.69%	31.74%	22.50%	22.19%	23.93%
EBITDA Margin	9.80%	9.05%	8.85%	9.47%	13.02%	13.51%	7.99%	19.75%	13.15%	15.08%	18.20%
Operating Margin	5.74%	5.22%	4.81%	5.47%	10.13%	10.06%	4.43%	16.24%	8.87%	10.83%	14.98%
EBIT Margin	5.87%	5.16%	4.98%	5.68%	9.93%	10.25%	4.74%	16.23%	8.97%	10.86%	15.00%
Profit (Net Income) Margin	4.99%	3.87%	4.28%	5.09%	8.73%	9.72%	3.03%	36.33%	4.48%	6.66%	10.02%
Tax Burden Percent	97.59%	86.59%	99.25%	98.56%	92.58%	98.82%	99.05%	262.88%	64.60%	74.35%	73.54%
Interest Burden Percent	87.08%	86.65%	86.59%	90.94%	94.98%	95.96%	64.49%	85.14%	77.32%	82.49%	90.80%
Effective Tax Rate	2.41%	13.41%	0.75%	1.44%	7.42%	1.18%	0.95%	-162.88%	35.40%	25.65%	26.46%
Return on Invested Capital (ROIC)	10.42%	8.56%	8.55%	9.43%	16.10%	18.65%	10.51%	86.43%	12.09%	17.61%	31.20%
ROIC Less NNEP Spread (ROIC-NNEP)	9.89%	6.78%	14.68%	16.22%	-15.16%	21.56%	-149.49%	529.68%	90.15%	43.87%	-2.98%
Return on Net Nonoperating Assets (RNNOA)	9.24%	1.25%	-0.54%	-0.35%	-0.15%	-0.81%	-0.83%	-3.89%	-0.86%	-1.37%	-0.09%
Return on Equity (ROE)	19.65%	9.80%	8.01%	9.09%	15.95%	17.85%	9.67%	82.54%	11.23%	16.24%	31.12%
Cash Return on Invested Capital (CROIC)	17.64%	-7.11%	-10.16%	2.30%	0.90%	3.42%	56.99%	26.79%	35.40%	28.71%	-18.42%
Operating Return on Assets (OROA)	6.85%	5.83%	5.58%	6.47%	11.31%	12.70%	6.19%	19.17%	10.89%	13.61%	19.96%
Return on Assets (ROA)	5.82%	4.37%	4.79%	5.80%	9.94%	12.04%	3.95%	42.91%	5.44%	8.34%	13.33%
Return on Common Equity (ROCE)	19.65%	9.80%	8.01%	9.09%	15.95%	17.85%	9.67%	82.54%	11.23%	16.24%	31.12%
Return on Equity Simple (ROE_SIMPLE)	0.00%	4.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	2.36	1.83	2.21	2.68	4.76	5.50	2.56	24	3.87	5.64	11
NOPAT Margin	5.60%	4.52%	4.78%	5.40%	9.38%	9.94%	4.39%	42.70%	5.73%	8.05%	11.02%
Net Nonoperating Expense Percent (NNEP)	0.53%	1.78%	-6.13%	-6.79%	31.25%	-2.91%	159.99%	-443.25%	-78.05%	-26.25%	34.18%
Return On Investment Capital (ROIC_SIMPLE)	2.15%	1.70%	1.97%	2.43%	4.01%	4.60%	3.33%	20.42%	3.32%	4.59%	7.84%
Cost of Revenue to Revenue	77.64%	78.15%	80.13%	81.67%	75.81%	77.51%	75.31%	68.26%	77.50%	77.81%	76.07%
SG&A Expenses to Revenue	15.40%	15.08%	13.61%	11.49%	13.11%	11.35%	11.65%	13.18%	11.23%	9.89%	7.79%
R&D to Revenue	0.60%	1.01%	1.04%	0.93%	0.72%	0.64%	0.78%	0.98%	0.69%	0.57%	0.50%
Operating Expenses to Revenue	16.62%	16.63%	15.05%	12.86%	14.05%	12.43%	20.26%	15.49%	13.63%	11.35%	8.95%
Earnings before Interest and Taxes (EBIT)	2.48	2.08	2.30	2.83	5.04	5.67	2.77	9.09	6.06	7.61	15
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	4.13	3.65	4.09	4.71	6.61	7.48	4.66	11	8.88	11	18
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.14	1.07	1.37	1.36	2.49	2.08	6.13	3.95	4.58	5.19	6.59
Price to Tangible Book Value (P/TBV)	1.14	1.07	1.37	1.36	2.49	2.08	6.13	3.95	4.58	5.19	6.59
Price to Revenue (P/Rev)	0.62	0.61	0.83	0.83	1.52	1.23	2.06	1.98	2.18	2.44	2.90
Price to Earnings (P/E)	4.71	22.49	21.02	18.17	27.05	17.36	31.20	13.65	16.96	20.59	22.39
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	21.25%	4.45%	4.76%	5.50%	3.70%	5.76%	3.21%	7.33%	5.89%	4.86%	4.47%
Enterprise Value to Invested Capital (EV/IC)	1.14	1.07	1.37	1.37	2.49	2.14	6.13	3.89	4.66	5.23	6.34
Enterprise Value to Revenue (EV/Rev)	0.63	0.60	0.83	0.81	1.52	1.20	2.06	1.99	2.17	2.43	2.92
Enterprise Value to EBITDA (EV/EBITDA)	4.05	8.50	9.85	8.74	14.92	10.58	18.77	14.69	16.07	17.42	17.63
Enterprise Value to EBIT (EV/EBIT)	5.09	16.07	17.50	14.97	23.22	15.29	27.00	19.40	21.85	24.01	22.75
Enterprise Value to NOPAT (EV/NOPAT)	5.11	17.21	18.51	15.94	24.75	15.98	28.40	12.10	14.28	16.66	19.35
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	37.38	84.59	35.68	82.20	0.00	71.54	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	6.62	0.00	0.00	61.60	289.83	65.86	8.63	15.00	12.95	18.53	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.08	0.03	0.06	0.01	0.04	0.00	0.07	0.06	0.03	0.04	0.08
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	0.93	0.18	-0.04	-0.02	0.01	-0.04	0.01	-0.01	-0.01	-0.03	0.03
Leverage Ratio	3.08	1.98	1.54	1.50	1.52	1.46	1.84	1.70	1.72	1.69	2.19
Compound Leverage Factor	2.68	1.72	1.33	1.37	1.44	1.40	1.19	1.45	1.33	1.39	1.99
Debt to Total Capital	7.05%	3.08%	5.30%	1.38%	4.08%	0.01%	6.57%	5.69%	2.86%	3.80%	7.45%
Short-Term Debt to Total Capital	6.99%	3.07%	5.30%	1.38%	4.08%	0.01%	6.57%	5.69%	2.86%	3.80%	7.45%
Long-Term Debt to Total Capital	0.05%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	92.95%	96.92%	94.70%	98.62%	95.92%	99.99%	93.43%	94.31%	97.14%	96.20%	92.55%
Debt to EBITDA	0.27	0.26	0.40	0.09	0.25	0.00	0.22	0.22	0.10	0.13	0.21
Net Debt to EBITDA	0.06	-0.16	0.07	-0.22	0.02	-0.28	0.00	0.07	-0.08	-0.03	0.12
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.33	0.52	0.75	0.17	0.42	0.00	0.33	0.18	0.09	0.13	0.23
Net Debt to NOPAT	0.08	-0.32	0.13	-0.39	0.03	-0.42	0.00	0.05	-0.07	-0.03	0.13
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	-0.18	-0.18	0.31	0.41	1.92	2.06	1.64	2.08	2.52	3.03	3.87
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.60	1.75	1.85	1.93	1.92	2.19	1.59	1.77	1.80	1.83	1.78
Quick Ratio	1.13	1.22	1.36	1.44	1.47	1.67	1.18	1.35	1.45	1.29	1.26
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-2.88	-11	-16	-4.05	-5.74	-5.98	38	17	7.56	1.95	-52
Operating Cash Flow to CapEx	-419.02%	2,557.24%	-7,116.28%	1,945.80%	-188.67%	1,237.39%	-631.65%	-480.67%	2,176.66%	2.10%	-2,785.23%
Free Cash Flow to Firm to Interest Expense	-9.01	-40.58	-51.01	-15.83	-22.70	-26.11	38.75	12.52	5.50	1.46	-38.21
Operating Cash Flow to Interest Expense	-6.40	13.98	-9.94	19.91	-10.13	31.93	-4.57	-1.38	4.55	0.02	-4.81
Operating Cash Flow Less CapEx to Interest Expense	-7.93	13.44	-10.07	18.89	-15.51	29.35	-5.29	-1.67	4.34	-0.74	-4.99
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.17	1.13	1.12	1.14	1.14	1.24	1.31	1.18	1.21	1.25	1.33
Accounts Receivable Turnover	4.18	3.96	3.77	3.58	3.17	3.44	3.79	3.37	3.10	3.34	3.37
Inventory Turnover	11.47	10.02	9.14	9.91	11.30	11.54	13.58	12.60	14.83	13.50	11.34
Fixed Asset Turnover	37.78	36.57	36.14	36.41	33.08	35.17	16.35	17.11	17.89	17.78	13.18
Accounts Payable Turnover	5.03	3.83	3.64	4.01	4.23	4.24	4.87	4.51	4.11	4.13	3.98
Days Sales Outstanding (DSO)	87.41	92.26	96.71	101.87	115.16	106.09	96.22	108.33	117.69	109.28	108.20
Days Inventory Outstanding (DIO)	31.82	36.42	39.95	36.82	32.31	31.64	26.88	28.98	24.62	27.03	32.19
Days Payable Outstanding (DPO)	72.51	95.25	100.34	91.09	86.25	85.99	74.89	80.85	88.86	88.37	91.72
Cash Conversion Cycle (CCC)	46.72	33.43	36.32	47.60	61.22	51.73	48.21	56.46	53.45	47.94	48.68
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	104	102	107	105	114	113	72	112	111	117	135
Invested Capital Turnover	1.86	1.89	1.79	1.75	1.72	1.88	2.39	2.02	2.11	2.19	2.83
Increase / (Decrease) in Invested Capital	5.25	13	18	6.74	11	11	-36	7.02	-3.69	3.70	63
Enterprise Value (EV)	118	109	147	145	284	242	440	438	515	613	857
Market Capitalization	116	111	146	148	284	248	440	436	518	614	851
Book Value per Share	$3.44	$3.50	$3.58	$3.66	$3.82	$4.01	$2.41	$3.70	$3.76	$3.27	$3.57
Tangible Book Value per Share	$3.44	$3.50	$3.58	$3.66	$3.82	$4.01	$2.41	$3.70	$3.76	$3.27	$3.57
Total Capital	110	107	112	111	119	120	77	117	116	123	140
Total Debt	7.73	3.31	5.95	1.53	4.85	0.02	5.06	6.66	3.33	4.67	10
Total Long-Term Debt	0.06	0.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	1.78	-2.01	1.07	-3.57	0.34	-6.34	0.03	1.96	-2.50	-1.11	5.89
Capital Expenditures (CapEx)	0.49	0.15	0.04	0.26	1.36	0.59	0.71	0.39	0.29	1.00	0.24
Debt-free, Cash-free Net Working Capital (DFCFNWC)	30	31	37	38	46	47	32	45	47	56	79
Debt-free Net Working Capital (DFNWC)	36	37	42	43	51	53	37	50	53	62	84
Net Working Capital (NWC)	29	33	36	42	46	53	32	44	49	57	73
Net Nonoperating Expense (NNE)	0.26	0.26	0.23	0.15	0.33	0.12	0.79	3.57	0.84	0.98	0.99
Net Nonoperating Obligations (NNO)	1.78	-2.01	1.07	-3.57	0.34	-6.34	-0.08	1.96	-2.50	-1.11	5.89
Total Depreciation and Amortization (D&A)	1.66	1.57	1.79	1.89	1.57	1.81	1.89	1.97	2.82	2.96	3.18
Debt-free, Cash-free Net Working Capital to Revenue	16.16%	17.44%	21.28%	21.29%	24.83%	23.07%	15.02%	20.63%	19.68%	22.21%	27.06%
Debt-free Net Working Capital to Revenue	19.32%	20.38%	24.05%	24.14%	27.24%	26.22%	17.37%	22.77%	22.14%	24.50%	28.60%
Net Working Capital to Revenue	15.24%	18.56%	20.67%	23.29%	24.64%	26.21%	15.01%	19.75%	20.74%	22.65%	25.05%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.08	$0.05	$0.07	$0.09	$0.15	$0.18	$0.05	$0.57	$0.10	$0.13	$0.28
Adjusted Weighted Average Basic Shares Outstanding	24.83M	29.43M	29.45M	29.61M	29.53M	29.68M	33.95M	35.87M	33.90M	36.10M	36.15M
Adjusted Diluted Earnings per Share	$0.08	$0.05	$0.06	$0.08	$0.15	$0.17	$0.05	$0.53	$0.09	$0.12	$0.26
Adjusted Weighted Average Diluted Shares Outstanding	28.38M	30.32M	30.67M	30.90M	30.89M	31.75M	36.23M	38.14M	36.16M	38.34M	38.47M
Adjusted Basic & Diluted Earnings per Share	$0.08	$0.00	$0.00	$0.00	$0.15	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	29.66M	29.66M	29.81M	29.80M	29.83M	29.83M	29.86M	30.06M	36.17M	36.18M	36.22M
Normalized Net Operating Profit after Tax (NOPAT)	2.36	1.83	2.17	2.68	4.76	5.49	2.56	6.37	3.87	5.64	11
Normalized NOPAT Margin	5.60%	4.52%	4.71%	5.40%	9.38%	9.92%	4.39%	11.37%	5.73%	8.05%	11.02%
Pre Tax Income Margin	5.11%	4.47%	4.31%	5.16%	9.43%	9.83%	3.06%	13.82%	6.94%	8.95%	13.62%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	7.74	7.49	7.46	11.04	19.91	24.77	2.82	6.73	4.41	5.71	10.87
NOPAT to Interest Expense	7.38	6.57	7.16	10.48	18.82	24.02	2.61	17.71	2.82	4.24	7.98
EBIT Less CapEx to Interest Expense	6.21	6.94	7.32	10.01	14.54	22.19	2.09	6.44	4.20	4.96	10.70
NOPAT Less CapEx to Interest Expense	5.86	6.02	7.02	9.46	13.45	21.44	1.88	17.42	2.61	3.48	7.81
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.14%	0.00%	0.52%

Financials Breakdown Chart

Key Financial Trends

Flotek Industries’ second-quarter 2026 results show strong revenue and profit growth, but cash generation and balance-sheet liquidity remain important risks. Revenue reached $99.4 million, up 41.9% from $70.1 million in the first quarter and 70.4% from $58.4 million in the second quarter of 2025. The longer-term trend is also positive, with quarterly revenue nearly doubling from $50.6 million in the second quarter of 2023.

Profitability improved substantially. Gross profit increased to $23.8 million, producing a gross margin of approximately 23.9%. Operating income rose to $14.9 million, compared with $7.6 million in Q1 2026 and $2.6 million in Q2 2025. Net income reached $10.0 million, or $0.28 per basic share and $0.26 per diluted share. This continues a broader improvement from the $21,000 loss reported in Q2 2023, although results in Q3 2025 benefited from an unusually large tax benefit and are not directly comparable.

The main weakness was cash conversion. Flotek generated negative operating cash flow of $6.6 million in Q2 2026 despite reporting nearly $10.0 million of net income. A $22.4 million use of cash from operating assets and liabilities was the primary cause. Accounts receivable increased to $114.1 million from $82.8 million in Q1, while inventory rose to $26.6 million from $14.3 million. These trends suggest that rapid growth is consuming significant working capital.

Flotek also relied heavily on financing activity. During the quarter, the company repaid $61.3 million of debt and issued $67.1 million of new debt, resulting in $5.5 million of net financing cash inflow. Cash and equivalents declined to $4.4 million from $5.7 million at the end of Q1, and net cash fell by $1.3 million during the quarter. The company’s current ratio was approximately 1.8 at quarter-end, better than Q2 2025, but the low cash balance and substantial accounts payable balance warrant close monitoring.

Revenue growth remains strong: Q2 2026 revenue of $99.4 million was up 41.9% sequentially and 70.4% year over year, extending a multiyear growth trend.
Operating margins improved: The operating margin increased to approximately 15.0% in Q2 2026 from 10.8% in Q1 2026 and 4.4% in Q2 2025.
Net income and EPS accelerated: Net income more than doubled from Q1 2026 and increased substantially from the prior-year quarter, with diluted EPS rising to $0.26 from $0.12.
Shareholders’ equity increased: Total equity rose to $129.2 million from $118.2 million at the end of Q1, supported by current-quarter earnings.
Capital spending remains moderate: Q2 capital expenditures were only $237,000, limiting the immediate cash burden from expansion investments.
Liquidity is adequate on a current-ratio basis: Current assets of $167.5 million exceeded current liabilities of $94.1 million, although much of the asset base consisted of receivables rather than cash.
Debt refinancing may support near-term operations: Debt issuance exceeded repayments in Q2, but the recurring refinancing pattern means investors should evaluate the company’s longer-term debt reduction capacity.
Operating cash flow is inconsistent: Flotek generated negative operating cash flow in Q2 2026, Q2 2025, Q2 2024 and Q2 2023, indicating that reported earnings have not consistently translated into cash.
Working capital is absorbing cash: Accounts receivable and inventory increased sharply during Q2 2026, while the company reported a $22.4 million operating working-capital cash outflow.
Cash reserves remain thin and dilution has increased: Cash declined to $4.4 million, while basic weighted-average shares increased to 36.2 million from 29.4 million in Q1 2024, reducing the benefit of earnings growth on a per-share basis.

08/17/26 01:28 AM ETAI Generated. May Contain Errors.

Flotek Industries Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Flotek Industries' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Flotek Industries' net income appears to be on a downward trend, with a most recent value of $30.53 million in 2025, falling from -$13.46 million in 2015. The previous period was $10.50 million in 2024. Find out what analysts predict for Flotek Industries in the coming months.

Flotek Industries' total operating income in 2025 was $23.24 million, based on the following breakdown:

Total Gross Profit: $59.83 million
Total Operating Expenses: $36.59 million

Over the last 10 years, Flotek Industries' total revenue changed from $269.97 million in 2015 to $237.26 million in 2025, a change of -12.1%.

Flotek Industries' total liabilities were at $106.99 million at the end of 2025, a 88.0% increase from 2024, and a 1.9% decrease since 2015.

In the past 10 years, Flotek Industries' cash and equivalents has ranged from $2.21 million in 2015 to $100.58 million in 2019, and is currently $5.73 million as of their latest financial filing in 2025.

Over the last 10 years, Flotek Industries' book value per share changed from 5.48 in 2015 to 3.76 in 2025, a change of -31.3%.

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Financial statements for NYSE:FTK last updated on 8/6/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Flotek Industries (FTK) Financials

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Flotek Industries (FTK) Financials

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