Flotek Industries (FTK) Financials

$20.54 +1.82 (+9.71%)

Closing price 05/14/2026 03:59 PM Eastern

Extended Trading

$20.83 +0.29 (+1.43%)

As of 07:54 AM Eastern

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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	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
Net Income / (Loss) Attributable to Common Shareholders	1.29	2.10	1.56	1.97	2.53	4.43	5.38	1.77	20	3.03	4.66
Consolidated Net Income / (Loss)	1.29	2.10	1.56	1.97	2.53	4.43	5.38	1.77	20	3.03	4.66
Net Income / (Loss) Continuing Operations	1.29	2.10	1.56	1.97	2.53	4.43	5.38	1.77	20	3.03	4.66
Total Pre-Tax Income	1.37	2.16	1.80	1.99	2.57	4.79	5.44	1.79	7.74	4.68	6.27
Total Operating Income	1.62	2.42	2.11	2.22	2.72	5.14	5.57	2.59	9.10	5.99	7.59
Total Gross Profit	9.05	9.43	8.82	9.17	9.12	12	12	14	18	15	16
Total Revenue	47	42	40	46	50	51	55	58	56	68	70
Operating Revenue	47	42	40	46	50	51	55	58	56	68	70
Total Cost of Revenue	38	33	32	37	41	38	43	44	38	52	55
Operating Cost of Revenue	38	33	32	37	41	38	43	44	38	52	55
Total Operating Expenses	7.43	7.01	6.71	6.95	6.40	7.13	6.88	12	8.68	9.21	7.95
Selling, General & Admin Expense	6.53	6.50	6.09	6.28	5.71	6.65	6.28	6.80	7.38	7.58	6.93
Research & Development Expense	0.76	0.26	0.41	0.48	0.46	0.37	0.36	0.46	0.55	0.46	0.40
Depreciation Expense	0.18	0.20	0.22	0.22	0.22	0.23	0.25	0.37	0.58	0.63	0.63
Other Special Charges / (Income)	-0.04	-	0.00	-0.03	0.00	-	-0.01	0.00	0.00	-	0.00
Total Other Income / (Expense), net	-0.25	-0.27	-0.30	-0.23	-0.15	-0.36	-0.12	-0.80	-1.36	-1.31	-1.32
Interest Expense	0.16	0.32	0.28	0.31	0.26	0.25	0.23	0.98	1.35	1.37	1.33
Other Income / (Expense), net	-0.09	0.06	-0.03	0.08	0.10	-0.11	0.11	0.18	-0.01	0.07	0.02
Income Tax Expense	0.08	0.05	0.24	0.02	0.04	0.36	0.06	0.02	-13	1.66	1.61
Basic Earnings per Share	$0.04	$0.08	$0.05	$0.07	$0.09	$0.15	$0.18	$0.05	$0.57	$0.10	$0.13
Weighted Average Basic Shares Outstanding	29.36M	24.83M	29.43M	29.45M	29.61M	29.53M	29.68M	33.95M	35.87M	33.90M	36.10M
Diluted Earnings per Share	$0.04	$0.08	$0.05	$0.06	$0.08	$0.15	$0.17	$0.05	$0.53	$0.09	$0.12
Weighted Average Diluted Shares Outstanding	30.69M	28.38M	30.32M	30.67M	30.90M	30.89M	31.75M	36.23M	38.14M	36.16M	38.34M
Weighted Average Basic & Diluted Shares Outstanding	29.66M	29.66M	29.66M	29.81M	29.80M	29.83M	29.83M	29.86M	30.06M	36.17M	36.18M

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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	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
Net Change in Cash & Equivalents	-4.39	1.40	-0.63	-0.44	0.22	-0.59	1.85	-1.22	-0.43	1.13	-0.06
Net Cash From Operating Activities	-7.01	-2.05	3.89	-3.06	5.10	-2.56	7.31	-4.49	-1.87	6.25	0.02
Net Cash From Continuing Operating Activities	-7.01	-2.05	3.89	-3.06	5.10	-2.56	7.31	-4.49	-1.87	6.25	0.02
Net Income / (Loss) Continuing Operations	1.29	2.10	1.56	1.97	2.53	4.43	5.38	1.77	20	3.03	4.66
Consolidated Net Income / (Loss)	1.29	2.10	1.56	1.97	2.53	4.43	5.38	1.77	20	3.03	4.66
Depreciation Expense	0.18	0.20	0.22	0.22	0.22	0.23	0.25	0.37	0.58	0.63	0.63
Amortization Expense	1.31	1.45	1.35	1.57	1.67	1.34	1.55	1.52	1.39	2.19	2.33
Non-Cash Adjustments To Reconcile Net Income	1.03	1.24	1.30	1.03	0.91	0.99	0.78	1.36	-0.07	2.17	1.04
Changes in Operating Assets and Liabilities, net	-11	-7.05	-0.54	-7.86	-0.23	-9.56	-0.65	-9.51	-24	-1.76	-8.64
Net Cash From Investing Activities	-0.23	-0.49	-0.15	-0.04	-0.26	-1.36	-0.59	-0.71	-0.39	-0.29	-1.00
Net Cash From Continuing Investing Activities	-0.23	-0.49	-0.15	-0.04	-0.26	-1.36	-0.59	-0.71	-0.39	-0.29	-1.00
Purchase of Property, Plant & Equipment	-0.30	-0.49	-0.15	-0.08	-0.26	-1.45	-0.60	-0.71	-0.39	-0.29	-1.00
Sale of Property, Plant & Equipment	0.07	-0.00	0.00	0.03	-	0.09	0.01	-	-	-	0.00
Net Cash From Financing Activities	2.81	4.00	-4.41	2.65	-4.56	3.21	-4.83	4.09	1.82	-4.82	0.89
Net Cash From Continuing Financing Activities	2.81	4.00	-4.41	2.65	-4.56	3.21	-4.83	4.09	1.82	-4.82	0.89
Repayment of Debt	-25	-37	-43	-42	-44	-41	-58	-49	-39	-43	-54
Issuance of Debt	28	41	39	45	39	44	53	54	40	40	55
Issuance of Common Equity	0.02	0.03	0.03	0.03	0.03	0.03	0.03	0.04	0.05	0.04	0.04
Other Financing Activities, net	-0.03	-0.03	-0.02	-0.03	-0.01	-0.13	-0.02	-0.05	0.51	-1.51	-0.49
Other Net Changes in Cash	-	-	-	-	-	-	-	-	-	-	0.03

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

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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	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
DEI Shares Outstanding	152,401,483.00	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
DEI Adjusted Shares Outstanding	25,400,247.00	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
DEI Earnings Per Adjusted Shares Outstanding	0.05	0.07	0.05	0.07	0.08	-	0.18	0.06	0.68	0.10	0.13
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.61%	-12.50%	-15.90%	-8.78%	5.23%	20.31%	37.12%	26.43%	12.64%	33.02%	26.53%
EBITDA Growth	120.42%	127.96%	-81.74%	103.99%	55.96%	59.91%	104.65%	14.10%	134.90%	34.32%	41.25%
EBIT Growth	109.28%	114.84%	-88.75%	232.42%	84.88%	103.47%	172.48%	20.51%	221.91%	20.23%	34.06%
NOPAT Growth	113.37%	119.97%	-90.14%	368.80%	76.20%	101.53%	201.42%	16.19%	791.56%	-18.76%	2.56%
Net Income Growth	106.85%	111.06%	-92.68%	9,500.00%	96.74%	110.55%	244.43%	-10.44%	703.91%	-31.72%	-13.31%
EPS Growth	102.67%	105.23%	141.67%	154.55%	100.00%	87.50%	240.00%	-16.67%	562.50%	-40.00%	-29.41%
Operating Cash Flow Growth	69.83%	-180.86%	240.96%	9.31%	172.68%	-25.13%	88.14%	-46.76%	-136.58%	343.64%	-99.71%
Free Cash Flow Firm Growth	111.62%	97.08%	75.21%	-325.93%	-134.64%	-99.26%	47.01%	342.47%	517.26%	231.56%	132.54%
Invested Capital Growth	-9.35%	5.33%	14.76%	20.04%	6.83%	10.13%	11.27%	-33.11%	6.65%	-3.23%	3.26%
Revenue Q/Q Growth	-6.57%	-10.75%	-4.30%	14.31%	7.78%	2.04%	9.07%	5.40%	-3.97%	20.50%	3.75%
EBITDA Q/Q Growth	50.77%	36.85%	-11.59%	11.82%	15.27%	40.32%	13.15%	-37.66%	137.32%	-19.77%	18.99%
EBIT Q/Q Growth	121.13%	62.04%	-15.91%	10.33%	22.99%	78.34%	12.60%	-51.21%	228.54%	-33.40%	25.56%
NOPAT Q/Q Growth	223.80%	55.11%	-22.75%	20.82%	21.70%	77.42%	15.54%	-53.42%	833.81%	-83.83%	45.88%
Net Income Q/Q Growth	6,228.57%	63.48%	-25.76%	26.38%	28.27%	74.96%	21.44%	-67.14%	1,051.30%	-85.14%	54.18%
EPS Q/Q Growth	136.36%	100.00%	-37.50%	20.00%	33.33%	87.50%	13.33%	-70.59%	960.00%	-83.02%	33.33%
Operating Cash Flow Q/Q Growth	-107.88%	70.79%	289.70%	-178.72%	266.60%	-150.29%	385.22%	-161.41%	58.47%	434.96%	-99.66%
Free Cash Flow Firm Q/Q Growth	68.29%	-124.63%	-291.40%	-39.25%	74.20%	-41.70%	-4.09%	737.14%	-55.60%	-55.32%	-74.25%
Invested Capital Q/Q Growth	10.42%	5.10%	-1.79%	5.32%	-1.74%	8.35%	-0.77%	-36.69%	56.68%	-1.69%	5.88%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	19.14%	22.36%	21.85%	19.87%	18.33%	24.19%	22.49%	24.69%	31.74%	22.50%	22.19%
EBITDA Margin	6.39%	9.80%	9.05%	8.85%	9.47%	13.02%	13.51%	7.99%	19.75%	13.15%	15.08%
Operating Margin	3.43%	5.74%	5.22%	4.81%	5.47%	10.13%	10.06%	4.43%	16.24%	8.87%	10.83%
EBIT Margin	3.23%	5.87%	5.16%	4.98%	5.68%	9.93%	10.25%	4.74%	16.23%	8.97%	10.86%
Profit (Net Income) Margin	2.72%	4.99%	3.87%	4.28%	5.09%	8.73%	9.72%	3.03%	36.33%	4.48%	6.66%
Tax Burden Percent	94.08%	97.59%	86.59%	99.25%	98.56%	92.58%	98.82%	99.05%	262.88%	64.60%	74.35%
Interest Burden Percent	89.53%	87.08%	86.65%	86.59%	90.94%	94.98%	95.96%	64.49%	85.14%	77.32%	82.49%
Effective Tax Rate	5.92%	2.41%	13.41%	0.75%	1.44%	7.42%	1.18%	0.95%	-162.88%	35.40%	25.65%
Return on Invested Capital (ROIC)	6.03%	10.42%	8.56%	8.55%	9.43%	16.10%	18.65%	10.51%	86.43%	12.09%	17.61%
ROIC Less NNEP Spread (ROIC-NNEP)	5.49%	9.89%	6.78%	14.68%	16.22%	-15.16%	21.56%	-149.49%	529.68%	90.15%	43.87%
Return on Net Nonoperating Assets (RNNOA)	4.00%	9.24%	1.25%	-0.54%	-0.35%	-0.15%	-0.81%	-0.83%	-3.89%	-0.86%	-1.37%
Return on Equity (ROE)	10.02%	19.65%	9.80%	8.01%	9.09%	15.95%	17.85%	9.67%	82.54%	11.23%	16.24%
Cash Return on Invested Capital (CROIC)	13.60%	17.64%	-7.11%	-10.16%	2.30%	0.90%	3.42%	56.99%	26.79%	35.40%	28.71%
Operating Return on Assets (OROA)	3.96%	6.85%	5.83%	5.58%	6.47%	11.31%	12.70%	6.19%	19.17%	10.89%	13.61%
Return on Assets (ROA)	3.34%	5.82%	4.37%	4.79%	5.80%	9.94%	12.04%	3.95%	42.91%	5.44%	8.34%
Return on Common Equity (ROCE)	10.02%	19.65%	9.80%	8.01%	9.09%	15.95%	17.85%	9.67%	82.54%	11.23%	16.24%
Return on Equity Simple (ROE_SIMPLE)	3.60%	0.00%	4.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	1.52	2.36	1.83	2.21	2.68	4.76	5.50	2.56	24	3.87	5.64
NOPAT Margin	3.22%	5.60%	4.52%	4.78%	5.40%	9.38%	9.94%	4.39%	42.70%	5.73%	8.05%
Net Nonoperating Expense Percent (NNEP)	0.54%	0.53%	1.78%	-6.13%	-6.79%	31.25%	-2.91%	159.99%	-443.25%	-78.05%	-26.25%
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%
Cost of Revenue to Revenue	80.86%	77.64%	78.15%	80.13%	81.67%	75.81%	77.51%	75.31%	68.26%	77.50%	77.81%
SG&A Expenses to Revenue	13.81%	15.40%	15.08%	13.61%	11.49%	13.11%	11.35%	11.65%	13.18%	11.23%	9.89%
R&D to Revenue	1.60%	0.60%	1.01%	1.04%	0.93%	0.72%	0.64%	0.78%	0.98%	0.69%	0.57%
Operating Expenses to Revenue	15.71%	16.62%	16.63%	15.05%	12.86%	14.05%	12.43%	20.26%	15.49%	13.63%	11.35%
Earnings before Interest and Taxes (EBIT)	1.53	2.48	2.08	2.30	2.83	5.04	5.67	2.77	9.09	6.06	7.61
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	3.02	4.13	3.65	4.09	4.71	6.61	7.48	4.66	11	8.88	11
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.13	1.14	1.07	1.37	1.36	2.49	2.08	6.13	3.95	4.58	5.19
Price to Tangible Book Value (P/TBV)	1.13	1.14	1.07	1.37	1.36	2.49	2.08	6.13	3.95	4.58	5.19
Price to Revenue (P/Rev)	0.58	0.62	0.61	0.83	0.83	1.52	1.23	2.06	1.98	2.18	2.44
Price to Earnings (P/E)	31.41	4.71	22.49	21.02	18.17	27.05	17.36	31.20	13.65	16.96	20.59
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	3.18%	21.25%	4.45%	4.76%	5.50%	3.70%	5.76%	3.21%	7.33%	5.89%	4.86%
Enterprise Value to Invested Capital (EV/IC)	1.13	1.14	1.07	1.37	1.37	2.49	2.14	6.13	3.89	4.66	5.23
Enterprise Value to Revenue (EV/Rev)	0.57	0.63	0.60	0.83	0.81	1.52	1.20	2.06	1.99	2.17	2.43
Enterprise Value to EBITDA (EV/EBITDA)	10.88	4.05	8.50	9.85	8.74	14.92	10.58	18.77	14.69	16.07	17.42
Enterprise Value to EBIT (EV/EBIT)	27.64	5.09	16.07	17.50	14.97	23.22	15.29	27.00	19.40	21.85	24.01
Enterprise Value to NOPAT (EV/NOPAT)	28.36	5.11	17.21	18.51	15.94	24.75	15.98	28.40	12.10	14.28	16.66
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	37.38	84.59	35.68	82.20	0.00	71.54	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	7.90	6.62	0.00	0.00	61.60	289.83	65.86	8.63	15.00	12.95	18.53
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.03	0.08	0.03	0.06	0.01	0.04	0.00	0.07	0.06	0.03	0.04
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	0.73	0.93	0.18	-0.04	-0.02	0.01	-0.04	0.01	-0.01	-0.01	-0.03
Leverage Ratio	2.64	3.08	1.98	1.54	1.50	1.52	1.46	1.84	1.70	1.72	1.69
Compound Leverage Factor	2.36	2.68	1.72	1.33	1.37	1.44	1.40	1.19	1.45	1.33	1.39
Debt to Total Capital	3.37%	7.05%	3.08%	5.30%	1.38%	4.08%	0.01%	6.57%	5.69%	2.86%	3.80%
Short-Term Debt to Total Capital	3.27%	6.99%	3.07%	5.30%	1.38%	4.08%	0.01%	6.57%	5.69%	2.86%	3.80%
Long-Term Debt to Total Capital	0.10%	0.05%	0.01%	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	96.63%	92.95%	96.92%	94.70%	98.62%	95.92%	99.99%	93.43%	94.31%	97.14%	96.20%
Debt to EBITDA	0.34	0.27	0.26	0.40	0.09	0.25	0.00	0.22	0.22	0.10	0.13
Net Debt to EBITDA	-0.10	0.06	-0.16	0.07	-0.22	0.02	-0.28	0.00	0.07	-0.08	-0.03
Long-Term Debt to EBITDA	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.88	0.33	0.52	0.75	0.17	0.42	0.00	0.33	0.18	0.09	0.13
Net Debt to NOPAT	-0.25	0.08	-0.32	0.13	-0.39	0.03	-0.42	0.00	0.05	-0.07	-0.03
Long-Term Debt to NOPAT	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	-0.22	-0.18	-0.18	0.31	0.41	1.92	2.06	1.64	2.08	2.52	3.03
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	1.62	1.60	1.75	1.85	1.93	1.92	2.19	1.59	1.77	1.80	1.83
Quick Ratio	0.99	1.13	1.22	1.36	1.44	1.47	1.67	1.18	1.35	1.45	1.29
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	12	-2.88	-11	-16	-4.05	-5.74	-5.98	38	17	7.56	1.95
Operating Cash Flow to CapEx	-3,010.30%	-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%
Free Cash Flow to Firm to Interest Expense	73.14	-9.01	-40.58	-51.01	-15.83	-22.70	-26.11	38.75	12.52	5.50	1.46
Operating Cash Flow to Interest Expense	-43.84	-6.40	13.98	-9.94	19.91	-10.13	31.93	-4.57	-1.38	4.55	0.02
Operating Cash Flow Less CapEx to Interest Expense	-45.29	-7.93	13.44	-10.07	18.89	-15.51	29.35	-5.29	-1.67	4.34	-0.74
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.23	1.17	1.13	1.12	1.14	1.14	1.24	1.31	1.18	1.21	1.25
Accounts Receivable Turnover	4.63	4.18	3.96	3.77	3.58	3.17	3.44	3.79	3.37	3.10	3.34
Inventory Turnover	10.34	11.47	10.02	9.14	9.91	11.30	11.54	13.58	12.60	14.83	13.50
Fixed Asset Turnover	0.00	37.78	36.57	36.14	36.41	33.08	35.17	16.35	17.11	17.89	17.78
Accounts Payable Turnover	5.75	5.03	3.83	3.64	4.01	4.23	4.24	4.87	4.51	4.11	4.13
Days Sales Outstanding (DSO)	78.84	87.41	92.26	96.71	101.87	115.16	106.09	96.22	108.33	117.69	109.28
Days Inventory Outstanding (DIO)	35.30	31.82	36.42	39.95	36.82	32.31	31.64	26.88	28.98	24.62	27.03
Days Payable Outstanding (DPO)	63.50	72.51	95.25	100.34	91.09	86.25	85.99	74.89	80.85	88.86	88.37
Cash Conversion Cycle (CCC)	50.64	46.72	33.43	36.32	47.60	61.22	51.73	48.21	56.46	53.45	47.94
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	99	104	102	107	105	114	113	72	112	111	117
Invested Capital Turnover	1.87	1.86	1.89	1.79	1.75	1.72	1.88	2.39	2.02	2.11	2.19
Increase / (Decrease) in Invested Capital	-10	5.25	13	18	6.74	11	11	-36	7.02	-3.69	3.70
Enterprise Value (EV)	112	118	109	147	145	284	242	440	438	515	613
Market Capitalization	113	116	111	146	148	284	248	440	436	518	614
Book Value per Share	$0.65	$3.44	$3.50	$3.58	$3.66	$3.82	$4.01	$2.41	$3.70	$3.76	$3.27
Tangible Book Value per Share	$0.65	$3.44	$3.50	$3.58	$3.66	$3.82	$4.01	$2.41	$3.70	$3.76	$3.27
Total Capital	103	110	107	112	111	119	120	77	117	116	123
Total Debt	3.47	7.73	3.31	5.95	1.53	4.85	0.02	5.06	6.66	3.33	4.67
Total Long-Term Debt	0.10	0.06	0.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-0.98	1.78	-2.01	1.07	-3.57	0.34	-6.34	0.03	1.96	-2.50	-1.11
Capital Expenditures (CapEx)	0.23	0.49	0.15	0.04	0.26	1.36	0.59	0.71	0.39	0.29	1.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	27	30	31	37	38	46	47	32	45	47	56
Debt-free Net Working Capital (DFNWC)	31	36	37	42	43	51	53	37	50	53	62
Net Working Capital (NWC)	28	29	33	36	42	46	53	32	44	49	57
Net Nonoperating Expense (NNE)	0.24	0.26	0.26	0.23	0.15	0.33	0.12	0.79	3.57	0.84	0.98
Net Nonoperating Obligations (NNO)	-0.90	1.78	-2.01	1.07	-3.57	0.34	-6.34	-0.08	1.96	-2.50	-1.11
Total Depreciation and Amortization (D&A)	1.49	1.66	1.57	1.79	1.89	1.57	1.81	1.89	1.97	2.82	2.96
Debt-free, Cash-free Net Working Capital to Revenue	13.85%	16.16%	17.44%	21.28%	21.29%	24.83%	23.07%	15.02%	20.63%	19.68%	22.21%
Debt-free Net Working Capital to Revenue	16.15%	19.32%	20.38%	24.05%	24.14%	27.24%	26.22%	17.37%	22.77%	22.14%	24.50%
Net Working Capital to Revenue	14.41%	15.24%	18.56%	20.67%	23.29%	24.64%	26.21%	15.01%	19.75%	20.74%	22.65%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.04	$0.08	$0.05	$0.07	$0.09	$0.15	$0.18	$0.05	$0.57	$0.10	$0.13
Adjusted Weighted Average Basic Shares Outstanding	29.36M	24.83M	29.43M	29.45M	29.61M	29.53M	29.68M	33.95M	35.87M	33.90M	36.10M
Adjusted Diluted Earnings per Share	$0.04	$0.08	$0.05	$0.06	$0.08	$0.15	$0.17	$0.05	$0.53	$0.09	$0.12
Adjusted Weighted Average Diluted Shares Outstanding	30.69M	28.38M	30.32M	30.67M	30.90M	30.89M	31.75M	36.23M	38.14M	36.16M	38.34M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.08	$0.00	$0.00	$0.00	$0.15	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	29.66M	29.66M	29.66M	29.81M	29.80M	29.83M	29.83M	29.86M	30.06M	36.17M	36.18M
Normalized Net Operating Profit after Tax (NOPAT)	1.49	2.36	1.83	2.17	2.68	4.76	5.49	2.56	6.37	3.87	5.64
Normalized NOPAT Margin	3.15%	5.60%	4.52%	4.71%	5.40%	9.38%	9.92%	4.39%	11.37%	5.73%	8.05%
Pre Tax Income Margin	2.89%	5.11%	4.47%	4.31%	5.16%	9.43%	9.83%	3.06%	13.82%	6.94%	8.95%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	9.55	7.74	7.49	7.46	11.04	19.91	24.77	2.82	6.73	4.41	5.71
NOPAT to Interest Expense	9.52	7.38	6.57	7.16	10.48	18.82	24.02	2.61	17.71	2.82	4.24
EBIT Less CapEx to Interest Expense	8.09	6.21	6.94	7.32	10.01	14.54	22.19	2.09	6.44	4.20	4.96
NOPAT Less CapEx to Interest Expense	8.06	5.86	6.02	7.02	9.46	13.45	21.44	1.88	17.42	2.61	3.48
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%	0.00%	2.14%	0.00%

Financials Breakdown Chart

Key Financial Trends

Flotek Industries (NYSE: FTK) has shown a dramatic turnaround in profitability and revenue growth over the last year, but its cash flow remains volatile and heavily dependent on working capital and financing activity. The latest quarter suggests strong operating momentum, yet the balance sheet still carries meaningful leverage and short-term obligations.

Revenue growth has accelerated. Q1 2026 revenue rose to $70.1 million, up from $67.5 million in Q4 2025 and $55.4 million in Q1 2025, showing a clear improvement in top-line momentum.
Profitability improved sharply year over year. Q1 2026 net income was $4.7 million versus $3.0 million in Q4 2025 and a much lower $1.6 million in Q1 2024.
Operating income expanded nicely. Q1 2026 operating income reached $7.6 million, compared with $6.0 million in Q4 2025 and $5.6 million in Q1 2025.
Gross profit held up well. Gross profit was $15.5 million in Q1 2026, supporting a gross margin of roughly 22%, which is solid for the recent revenue mix.
Debt repayment has been substantial over time. The company has consistently used cash flow and financing transactions to manage debt levels, and short-term debt was only $4.7 million at the end of Q1 2026, down from $6.7 million in Q3 2025 and $5.1 million in Q2 2025.

Cash generation was weak in Q1 2026. Despite solid earnings, operating cash flow was only $21,000 because of a large negative working-capital swing of $8.6 million.
Working capital remains a major swing factor. Accounts receivable climbed to $82.8 million in Q1 2026 from $71.6 million in Q3 2025 and $68.1 million in Q1 2025, which can pressure cash flow if collections slow.
Capital spending stayed modest. The company spent about $1.0 million on property and equipment in Q1 2026, indicating limited near-term investment pressure.
Shares outstanding have drifted higher over time. Diluted shares were 38.3 million in Q1 2026 versus 30.3 million in Q1 2024, which can temper per-share earnings growth.

Cash flow is still inconsistent quarter to quarter. Operating cash flow swung from $7.3 million in Q1 2025 to negative $4.5 million in Q2 2025, then back to $21,000 in Q1 2026.
Leverage remains meaningful. Total liabilities were $113.7 million in Q1 2026, versus equity of $118.2 million, so the balance sheet is not debt-free and still requires careful monitoring.
Interest expense is a real drag. Q1 2026 interest expense was $1.3 million, which consumed a sizable portion of pre-tax income.
Balance sheet growth has been driven partly by receivables and liabilities. Total assets rose to $231.8 million, but much of that increase appears tied to current assets and operating liabilities rather than a large buildup of cash.

Bottom line: Flotek’s recent results point to a business that is growing and earning more than it did a year ago, with improving operating income and net income. The biggest caution for investors is that cash flow remains uneven and working capital needs are large, so the company’s earnings quality and balance-sheet discipline will be important to watch going forward.

05/15/26 06:31 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' fiscal year ends in December. Their fiscal 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. Check out Flotek Industries' forecast to explore projected trends and price targets.

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 5/14/2026 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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Flotek Industries Financials - Frequently Asked Questions

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