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Flotek (FTK)
NYSE:FTK
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Flotek
(NYSE:FTK)
71Outperform
Flotek (FTK) vs. S&P 500 (SPY)
Market Cap
$250.26M
Dividend YieldN/A
Average Volume (3M)235.24K
Price to Earnings (P/E)24.8
Beta (1Y)1.49
Revenue Growth-0.55%
EPS Growth-74.83%
CountryUS
Employees142
SectorEnergy
Sector Strength85
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)0.34
Shares Outstanding29,827,990
10 Day Avg. Volume238,025
30 Day Avg. Volume235,238
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)1.38
Price to Cash Flow (P/CF)-25.50
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$10.00Price Target Upside20.05% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
Flotek Business Overview & Revenue Model
Company DescriptionFlotek Industries, Inc. (FTK) is a technology-driven company primarily operating in the energy and industrial sectors. It specializes in providing innovative chemistry solutions, including complex chemical blends and services, designed to enhance the performance and profitability of its clients' operations. Flotek's core offerings include advanced oilfield chemistry technologies and data analytics that support efficient and environmentally responsible energy production.
How the Company Makes MoneyFlotek generates revenue through the sale of its proprietary chemical products and services, which are primarily targeted at the oil and gas industry. The company's key revenue streams include the direct sale of specialty chemicals used in drilling, cementing, and production processes, as well as through its data analytics services that optimize well performance and chemical usage. Flotek partners with energy companies to integrate its chemistry solutions into their operations, thereby enhancing extraction efficiency and reducing environmental impact. The company's earnings are significantly influenced by the demand within the energy sector, commodity prices, and its ability to innovate and provide differentiated solutions that meet the evolving needs of its customers.
Flotek Financial Statement Overview
Summary
Flotek has shown a significant turnaround with a positive net income in the TTM of $10.5 million compared to a net income loss in previous years. Gross profit margin improved to 20.8%, indicating better cost management. However, revenue slightly decreased by 0.5% from the previous year, which could be a concern. The EBIT and EBITDA margins also show improvement, reflecting operational efficiency.Income Statement
Flotek has shown a significant turnaround with a positive net income in the TTM (Trailing-Twelve-Months) of $10.5 million compared to a net income loss in previous years. Gross profit margin improved to 20.8% in TTM, indicating better cost management. However, revenue slightly decreased by 0.5% from the previous year, which could be a concern. The EBIT and EBITDA margins also show improvement, reflecting operational efficiency.68
Positive
Balance Sheet
The balance sheet demonstrates financial stability with a strong equity position; the equity ratio stands at 66.7% in TTM. The debt-to-equity ratio is favorable at 0.07, indicating low leverage risk. Return on equity improved to 9.2% in TTM, suggesting effective use of shareholder funds.74
Positive
Cash Flow
Flotek's cash flow has improved, with a positive free cash flow of $5.4 million in TTM. Operating cash flow to net income ratio is 0.56, indicating moderate cash generation efficiency. However, the historical volatility in operating cash flow raises concerns about sustainability.62
Positive
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 187.03M | 188.06M | 136.09M | 43.27M | 53.14M | Gross Profit |
| 39.39M | 24.26M | -6.70M | 3.26M | 49.73M | EBIT |
| 12.20M | 23.22M | -35.42M | -23.46M | -62.06M | EBITDA |
| 13.13M | 36.50M | -34.54M | -29.63M | -138.80M | Net Income Common Stockholders |
| 10.50M | 24.71M | -42.30M | -30.53M | -136.45M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 4.40M | 5.85M | 12.29M | 11.53M | 38.66M | Total Assets |
| 170.80M | 157.51M | 164.81M | 50.24M | 86.21M | Total Debt |
| 8.06M | 17.88M | 119.58M | 13.26M | 14.80M | Net Debt |
| 3.66M | 12.03M | 107.29M | 1.73M | -23.86M | Total Liabilities |
| 56.90M | 55.55M | 162.21M | 30.05M | 39.04M | Stockholders Equity |
| 113.90M | 101.96M | 2.60M | 20.19M | 47.17M |
| Cash Flow | Free Cash Flow | |||
| 1.42M | -12.38M | -45.05M | -25.88M | -49.27M | Operating Cash Flow |
| 3.36M | -11.30M | -44.63M | -25.84M | -47.84M | Investing Cash Flow |
| -1.82M | -1.01M | 5.33M | 112.00K | -17.70M | Financing Cash Flow |
| -3.12M | 5.93M | 38.27M | -372.00K | 3.73M |
Flotek Technical Analysis
Neutral
8.33
Price Trends
8.57
Negative
8.36
Negative
6.49
Positive
Market Momentum
0.06
Positive
46.85
Neutral
14.46
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FTK, the sentiment is Neutral. The current price of 8.33 is below the 20-day moving average (MA) of 8.49, below the 50-day MA of 8.57, and above the 200-day MA of 6.49, indicating a neutral trend. The MACD of 0.06 indicates Positive momentum. The RSI at 46.85 is Neutral, neither overbought nor oversold. The STOCH value of 14.46 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FTK.
Flotek Peers Comparison
Overall Rating
UnderperformOutperform
Sector (58)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $42.65B | 14.48 | 18.47% | 2.00% | 9.10% | 55.56% | |
77 Outperform | $56.95B | 13.48 | 21.59% | 2.65% | 9.58% | 6.53% | |
75 Outperform | $21.76B | 8.85 | 25.14% | 2.71% | -0.32% | -3.41% | |
71 Outperform | $250.26M | 24.77 | 9.73% | ― | -0.55% | -74.83% | |
70 Outperform | $1.18B | 12.84 | 8.55% | 2.93% | -12.52% | -52.79% | |
63 Neutral | $2.56B | 8.47 | 16.54% | 1.83% | -9.11% | -40.79% | |
58 Neutral | $9.08B | 5.25 | -7.99% | 7.51% | 0.47% | -64.07% |
* Energy Sector Average
Performance Comparison
FTK
Flotek
8.33
4.55
120.37%
BKR
Baker Hughes Company
43.95
11.27
34.49%
HAL
Halliburton
25.37
-13.65
-34.98%
RES
RPC
5.50
-2.11
-27.73%
SLB
Schlumberger
41.80
-12.00
-22.30%
LBRT
Liberty Oilfield Services
15.83
-4.80
-23.27%
Flotek Earnings Call Summary
Earnings Call Date: Mar 10, 2025 | % Change Since: 14.27% | Next Earnings Date: May 13, 2025
Earnings Call Sentiment Positive
Flotek Industries reported a strong quarter and year, with significant revenue and profitability growth despite industry challenges. Expansion in international markets and the data analytics segment contributed to these results. The company also faced regulatory uncertainties that could impact future revenues.Highlights
Record Quarterly Revenue and Growth
Q4 2024 total revenues rose 20% versus Q4 2023, driven by a 21% increase in external customer revenue.
Data Analytics Segment Expansion
Data analytics service revenue grew 124% versus Q4 2023 and 44% versus the full year 2023. The company developed three new products, expanding their total addressable market by more than $500 million.
Significant Profitability and Stock Performance
Q4 2024 net income was $4.4 million and adjusted EBITDA was $7 million, up 111% and 78% respectively versus Q4 2023. Full year 2024 adjusted EBITDA reached $20.3 million, exceeding guidance by 10%. Stock price improved by 140%.
International Revenue Growth
International chemistry business made its largest quarterly contribution with revenues up 300% sequentially in Q4 2024.
Zero Lost Time Incidents
The company achieved all these results with zero lost time incidents in field operations.
Lowlights
Industry-Wide Challenges
Q4 2024 faced industry-wide challenges, including a 25% decline in active frac fleet counts since the start of 2024.
Potential Regulatory Impact
Flare monitoring revenues were impacted by a delayed EPA update, causing uncertainty in regulatory-driven projects.
Company Guidance
During the Flotek Industries, Inc. fourth quarter and full year 2024 earnings call, the company provided several key metrics reflecting their performance and outlook. Total revenues for Q4 2024 increased by 20% compared to Q4 2023, driven by a 21% rise in external customer revenue, despite a 25% decline in active frac fleet counts. The company's data analytics service revenue surged by 124% year-over-year and 44% compared to the full year of 2023. Flotek achieved a net income of $4.4 million and adjusted EBITDA of $7 million for Q4 2024, marking increases of 111% and 78%, respectively, from the same period in 2023. The full year adjusted EBITDA reached $20.3 million, surpassing guidance by 10%. The company's stock price improved by 140%, ranking in the top three among oilfield service stocks. Additionally, Flotek highlighted the development of new products within their data analytics segment, with a potential total addressable market of over $500 million. Looking ahead to 2025, Flotek expressed cautious optimism about sustaining profitability momentum, driven by the expansion of their service offerings and the anticipated growth in demand for their innovative chemistry and data solutions.Flotek Corporate Events
Business Operations and StrategyFinancial Disclosures
Flotek Reports Record Fourth-Quarter Financial Results
Positive
Mar 10, 2025
Flotek Industries announced its financial results for the fourth quarter and full year ending December 31, 2024, reporting strong performance with the highest quarterly results in terms of revenue, gross profit, net income, and adjusted EBITDA. The company achieved a 20% increase in fourth-quarter revenue compared to the previous year, driven by significant growth in data analytics service revenue and chemistry technologies. The year 2024 marked a strategic shift towards integrating data and chemistry solutions, resulting in improved operational efficiency and profitability metrics, and positioning Flotek as a leader in differentiated technologies within the energy and infrastructure sectors.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.