Flotek Industries (FTK)
Market Price (8/18/2026): $28.25 | Market Cap: $1.0 BilSector: Energy | Industry: Oil & Gas Equipment & Services
Flotek Industries (FTK)
Market Price (8/18/2026): $28.25Market Cap: $1.0 BilSector: EnergyIndustry: Oil & Gas Equipment & Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 37% Megatrend and thematic driversMegatrends include US Energy Independence, Advanced Materials, and Sustainable Resource Management. Themes include US Oilfield Technologies, Show more. | Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 28x Stock price has recently run up significantly12M Rtn12 month market price return is 140% Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1.4% Key risksFTK key risks include [1] an extreme reliance on a single major customer, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 37% |
| Megatrend and thematic driversMegatrends include US Energy Independence, Advanced Materials, and Sustainable Resource Management. Themes include US Oilfield Technologies, Show more. |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 28x |
| Stock price has recently run up significantly12M Rtn12 month market price return is 140% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1.4% |
| Key risksFTK key risks include [1] an extreme reliance on a single major customer, Show more. |
Qualitative Assessment
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Flotek Industries (FTK) stock has gained about 70% since 4/30/2026 because of the following key factors:
1. Exceptional Fiscal Q2 2026 Financial Results and Upgraded Full-Year Guidance.
Flotek Industries reported robust fiscal Q2 2026 results, with revenue soaring 70% year-over-year to $99.4 million, significantly surpassing analyst expectations of $69.51 million. Diluted earnings per share (EPS) of $0.26 handily beat the consensus estimate of $0.13. This strong performance led the company to raise its full-year 2026 revenue guidance to $340–$350 million and Adjusted EBITDA guidance to $47–$51 million, implying substantial growth of approximately 45% and 49% respectively over 2025 actuals.
2. Award of a Major 10-Year Contract in the Power Services Sector.
On August 3, 2026, Flotek announced a strategic 10-year contract valued at approximately $400 million to support a 400 MW gas power utilities project for the Puerto Rico Electric Power Authority (PREPA). This significant award expanded the company's backlog by approximately $400 million and represented a strategic diversification beyond its traditional energy industry focus into utility infrastructure support, showcasing new avenues for growth.
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Flotek Industries (FTK) stock has gained about 70% since 4/30/2026 because of the following key factors:
1. Exceptional Fiscal Q2 2026 Financial Results and Upgraded Full-Year Guidance.
Flotek Industries reported robust fiscal Q2 2026 results, with revenue soaring 70% year-over-year to $99.4 million, significantly surpassing analyst expectations of $69.51 million. Diluted earnings per share (EPS) of $0.26 handily beat the consensus estimate of $0.13. This strong performance led the company to raise its full-year 2026 revenue guidance to $340–$350 million and Adjusted EBITDA guidance to $47–$51 million, implying substantial growth of approximately 45% and 49% respectively over 2025 actuals.
2. Award of a Major 10-Year Contract in the Power Services Sector.
On August 3, 2026, Flotek announced a strategic 10-year contract valued at approximately $400 million to support a 400 MW gas power utilities project for the Puerto Rico Electric Power Authority (PREPA). This significant award expanded the company's backlog by approximately $400 million and represented a strategic diversification beyond its traditional energy industry focus into utility infrastructure support, showcasing new avenues for growth.
3. Record-Breaking Growth in the Data Analytics Segment.
The company's Data Analytics segment achieved record quarterly revenue of $19.2 million in fiscal Q2 2026, marking a 223% increase year-over-year and surpassing the previous quarter's record by 85%. This segment also significantly contributed to profitability, accounting for 51% of the total company's gross profit in fiscal Q2 2026, compared to 26% in the prior-year quarter. A growing portion of this revenue, 63%, originated from external customers, indicating strong market penetration and demand for its high-margin data services.
4. Positive Revisions in Analyst Ratings and Price Targets.
Following the strong earnings report and the announcement of the Puerto Rico contract, financial analysts significantly upgraded their outlook for Flotek Industries. The average price target for the stock increased by 34% to $36.92 per share, with multiple firms reiterating "Buy" ratings in early August 2026. This improved sentiment from the analytical community contributed to increased investor confidence and buying interest in the stock.
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Stock Movement Drivers
Fundamental Drivers
The 69.6% change in FTK stock from 4/30/2026 to 8/17/2026 was primarily driven by a 36.7% change in the company's P/E Multiple.| (LTM values as of) | 4302026 | 8172026 | Change |
|---|---|---|---|
| Stock Price ($) | 16.90 | 28.66 | 69.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 237 | 293 | 23.5% |
| Net Income Margin (%) | 12.9% | 13.0% | 0.8% |
| P/E Multiple | 20.0 | 27.3 | 36.7% |
| Shares Outstanding (Mil) | 36 | 36 | -0.3% |
| Cumulative Contribution | 69.6% |
Market Drivers
4/30/2026 to 8/17/2026| Return | Correlation | |
|---|---|---|
| FTK | 69.6% | |
| Market (SPY) | 7.5% | 31.9% |
| Sector (XLE) | 4.9% | -2.2% |
Fundamental Drivers
The 65.0% change in FTK stock from 1/31/2026 to 8/17/2026 was primarily driven by a 39.8% change in the company's P/E Multiple.| (LTM values as of) | 1312026 | 8172026 | Change |
|---|---|---|---|
| Stock Price ($) | 17.37 | 28.66 | 65.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 221 | 293 | 32.9% |
| Net Income Margin (%) | 14.5% | 13.0% | -10.4% |
| P/E Multiple | 19.5 | 27.3 | 39.8% |
| Shares Outstanding (Mil) | 36 | 36 | -0.8% |
| Cumulative Contribution | 65.0% |
Market Drivers
1/31/2026 to 8/17/2026| Return | Correlation | |
|---|---|---|
| FTK | 65.0% | |
| Market (SPY) | 12.0% | 29.5% |
| Sector (XLE) | 23.4% | 3.6% |
Fundamental Drivers
The 137.8% change in FTK stock from 7/31/2025 to 8/17/2026 was primarily driven by a 83.0% change in the company's Net Income Margin (%).| (LTM values as of) | 7312025 | 8172026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.05 | 28.66 | 137.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 202 | 293 | 45.0% |
| Net Income Margin (%) | 7.1% | 13.0% | 83.0% |
| P/E Multiple | 25.0 | 27.3 | 9.1% |
| Shares Outstanding (Mil) | 30 | 36 | -17.9% |
| Cumulative Contribution | 137.8% |
Market Drivers
7/31/2025 to 8/17/2026| Return | Correlation | |
|---|---|---|
| FTK | 137.8% | |
| Market (SPY) | 23.3% | 29.9% |
| Sector (XLE) | 46.9% | 11.9% |
Fundamental Drivers
The 477.6% change in FTK stock from 7/31/2023 to 8/17/2026 was primarily driven by a 641.0% change in the company's P/S Multiple.| (LTM values as of) | 7312023 | 8172026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.96 | 28.66 | 477.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 171 | 293 | 71.1% |
| P/S Multiple | 0.5 | 3.5 | 641.0% |
| Shares Outstanding (Mil) | 16 | 36 | -54.4% |
| Cumulative Contribution | 477.6% |
Market Drivers
7/31/2023 to 8/17/2026| Return | Correlation | |
|---|---|---|
| FTK | 477.6% | |
| Market (SPY) | 74.7% | 28.8% |
| Sector (XLE) | 56.4% | 20.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| FTK Return | -46% | -1% | -42% | 143% | 81% | 108% | 183% |
| Peers Return | 15% | 27% | 7% | -1% | 6% | 18% | 94% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 14% | 107% |
Monthly Win Rates [3] | |||||||
| FTK Win Rate | 33% | 50% | 42% | 50% | 58% | 75% | |
| Peers Win Rate | 50% | 53% | 48% | 47% | 57% | 52% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| FTK Max Drawdown | -78% | -49% | -63% | -30% | -39% | -23% | |
| Peers Max Drawdown | -29% | -47% | -27% | -26% | -32% | -29% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: SLB, HAL, BKR, CLB, ECL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/17/2026 (YTD)
How Low Can It Go
| Event | FTK | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -28.7% | -18.8% |
| % Gain to Breakeven | 40.3% | 23.1% |
| Time to Breakeven | 29 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -19.9% | -7.8% |
| % Gain to Breakeven | 24.8% | 8.5% |
| Time to Breakeven | 41 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -36.6% | -9.5% |
| % Gain to Breakeven | 57.7% | 10.5% |
| Time to Breakeven | 182 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -50.0% | -6.7% |
| % Gain to Breakeven | 100.0% | 7.1% |
| Time to Breakeven | 555 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -33.0% | -24.5% |
| % Gain to Breakeven | 49.3% | 32.4% |
| Time to Breakeven | 21 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -61.5% | -33.7% |
| % Gain to Breakeven | 159.7% | 50.9% |
| Time to Breakeven | 155 days | 140 days |
In The Past
Flotek Industries's stock fell -28.7% during the 2025 US Tariff Shock. Such a loss loss requires a 40.3% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | FTK | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -28.7% | -18.8% |
| % Gain to Breakeven | 40.3% | 23.1% |
| Time to Breakeven | 29 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -36.6% | -9.5% |
| % Gain to Breakeven | 57.7% | 10.5% |
| Time to Breakeven | 182 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -50.0% | -6.7% |
| % Gain to Breakeven | 100.0% | 7.1% |
| Time to Breakeven | 555 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -33.0% | -24.5% |
| % Gain to Breakeven | 49.3% | 32.4% |
| Time to Breakeven | 21 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -61.5% | -33.7% |
| % Gain to Breakeven | 159.7% | 50.9% |
| Time to Breakeven | 155 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -58.6% | -19.2% |
| % Gain to Breakeven | 141.6% | 23.8% |
| Time to Breakeven | 18 days | 105 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -60.6% | -17.9% |
| % Gain to Breakeven | 153.6% | 21.8% |
| Time to Breakeven | 93 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -49.8% | -15.4% |
| % Gain to Breakeven | 99.1% | 18.2% |
| Time to Breakeven | 125 days | 125 days |
In The Past
Flotek Industries's stock fell -28.7% during the 2025 US Tariff Shock. Such a loss loss requires a 40.3% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Flotek Industries (FTK)
Flotek Industries, Inc. (FTK) is a technology-driven company operating in the chemistry and data analytics sectors, serving industrial, commercial, and consumer markets globally. The company focuses on developing innovative solutions through its two primary segments: Chemistry Technologies (CT) and Data Analytics (DA). Headquartered in Houston, Texas, Flotek aims to enhance profitability and provide critical insights across various industries in the United States, the United Arab Emirates, and internationally.
The Chemistry Technologies (CT) segment is dedicated to designing, developing, manufacturing, and distributing green specialty chemicals. These chemicals primarily serve the energy sector by enhancing the profitability of hydrocarbon producers, including integrated oil and gas, independent oil and gas, and national/state-owned oil companies. Additionally, this segment extends its reach to the geothermal, solar, and alternative energy sectors. Beyond energy, CT also produces cleaning solutions for commercial and personal settings, which help reduce the spread of bacteria, viruses, and germs.
Flotek's Data Analytics (DA) segment provides equipment and services that generate valuable information on the composition and properties of energy customers' hydrocarbon fluids. This segment leverages field-deployable, inline optical analyzers combined with proprietary cloud visualization and analytics platforms to deliver crucial data. By offering advanced data insights, the DA segment empowers energy customers to make informed decisions regarding their fluid properties and operational efficiency.
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1. Imagine Ecolab for its specialized chemistry in energy production and hygiene, combined with Baker Hughes for its data analytics and hardware solutions specific to hydrocarbon fluids.
2. It's like Ecolab for the energy industry, but with added data intelligence for understanding oil & gas fluids.
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- Green Specialty Chemicals for Hydrocarbon Production: These chemicals are designed to enhance the profitability of hydrocarbon producers.
- Surface Cleaning Chemicals: These chemicals are used in commercial and personal settings to help reduce the spread of bacteria, viruses, and germs.
- Hydrocarbon Fluid Analysis Equipment & Services: This segment provides equipment and services that generate valuable information on the composition and properties of energy customers' hydrocarbon fluids.
- Cloud-based Data Platforms for Energy Analytics: These platforms combine field-deployable, inline optical analyzers with proprietary cloud visualization and analytics for the energy industry.
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Dr. Ryan Ezell, Chief Executive Officer
Dr. Ezell has over 20 years of experience in the energy industry. Before joining Flotek, he spent a decade in various leadership roles at Halliburton, a Fortune 500 global energy company, where he was involved in strategy, growth, merger and acquisition strategies, and change management. He also served on Halliburton's Technology Review Board and the boards of four company joint ventures. At Flotek, he previously served as President and Chief Operating Officer, where he was instrumental in a strategic turnaround, significantly increasing revenue and backlog. He also held roles as President of Flotek's Chemistry Technologies segment and Senior Vice President of Operations. Dr. Ezell holds a Ph.D. in Polymer Science and a B.S. in Chemistry and is a published scientist with more than 26 patents.
J. Bond Clement, Chief Financial Officer
Mr. Clement was appointed Chief Financial Officer in December 2022. He brings over 25 years of financial and accounting experience in the energy sector. Prior to Flotek, Mr. Clement spent 17 years with PetroQuest Energy Inc., a publicly traded exploration and production company, where his roles included 12 years as Executive Vice President and Chief Financial Officer. He began his career in 1993 with Arthur Andersen's assurance services group, focusing on energy-related clients. Mr. Clement holds a B.S. in Accounting.
Christina Ibrahim, SVP General Counsel, Chief Compliance Officer, & Corporate Secretary
Ms. Ibrahim serves as the Senior Vice President, General Counsel, Chief Compliance Officer, and Corporate Secretary, a role she assumed effective March 2, 2026.
Leon Chad, SVP, Commercial
Mr. Chad serves as the Senior Vice President, Commercial. He previously held the position of Product Line Director at Baker Hughes, where he was responsible for leading the chemicals service delivery operations for the North America Offshore region.
Thomas Redlinger, SVP, Data Analytics
Mr. Redlinger is the Senior Vice President of Data Analytics.
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Key Risks to Flotek Industries (FTK)
- Customer Concentration Risk: Flotek Industries' sales revenues are significantly concentrated among customers in the oil and gas industry, with a notable increase in this risk due to the ProFrac Agreement. The company's three largest customers accounted for 73% of its consolidated revenue in 2023. The inability or unwillingness of one or more major customers, including ProFrac Services, LLC, to meet their obligations could adversely affect Flotek's financial results, liquidity, and cash flows.
- Volatility of the Energy Sector and Commodity Prices: Flotek Industries' business remains deeply tied to the cyclical and volatile energy sector. Its Chemistry Technologies segment, in particular, is sensitive to factors like the oversupply and weak prices of natural gas, which can lead to a decline in segment revenues and impact overall demand for its services. The company's stock also exhibits high volatility, indicated by a beta of 2.83.
- Financial Health and Profitability Concerns: Indicators such as the Altman Z-Score and Beneish M-Score suggest potential financial stress and possible manipulation concerns for Flotek Industries. The company has experienced a disparity where its free cash flow was significantly less than its statutory profit, and its profits have been bolstered by an "unusual tax situation" involving a one-time tax benefit, which may not be repeatable. These factors raise questions about the sustainability of its reported profitability and underlying financial stability.
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The global energy transition away from fossil fuels and towards renewable energy sources presents an emerging threat. Flotek Industries' Chemistry Technologies segment primarily focuses on "green specialty chemicals that enhance the profitability of hydrocarbon producers" and its Data Analytics segment provides "valuable information on the composition and properties of energy customers' hydrocarbon fluids." A significant and accelerated decline in hydrocarbon production and demand, driven by this transition, could fundamentally erode a substantial portion of Flotek's core customer base and market for its products and services.
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Flotek Industries (NYSE: FTK) operates in two primary segments: Chemistry Technologies (CT) and Data Analytics (DA), serving various industrial, commercial, and consumer markets. The company estimates its total addressable market to exceed $15 billion annually, with an expansion of over $3 billion in 2025.
Chemistry Technologies (CT) Segment
- Green Specialty Chemicals for Hydrocarbon Production: The global oilfield chemicals market, which includes specialty chemicals, was estimated at approximately USD 29.86 billion in 2025 and is projected to reach USD 38.37 billion by 2033. Another estimate places the global oilfield chemicals market size at USD 33.42 billion in 2025, expected to increase to USD 52.44 billion by 2035. North America held a significant share of this market, accounting for 33.1% of global revenue in 2025 and 55.90% in 2025. Specifically, the U.S. oilfield chemicals market is projected to reach USD 12.52 billion by 2032. The broader global green chemicals market, encompassing sustainable chemical alternatives across various manufacturing sectors, is projected to grow from USD 14.2 billion in 2025 to USD 30.6 billion by 2035.
- Cleaning and Disinfectant Chemicals for Commercial and Personal Settings: The global commercial cleaning products market was valued at USD 121.29 billion in 2023 and is anticipated to reach USD 202.32 billion by 2030. North America represented a substantial portion of this market, holding 30.21% of the global revenue in 2023. Similarly, the global professional cleaning products market is estimated at USD 58.7 billion in 2025 and is projected to reach USD 97.5 billion by 2035. For disinfectants specifically, the global market size was valued at USD 38.36 billion in 2025 and is projected to reach USD 98.04 billion by 2034. North America holds a dominant position in the global disinfectant market. The surface disinfectants market alone was valued at USD 6.93 billion in 2023 and is projected to reach USD 13.11 billion by 2032.
Data Analytics (DA) Segment
- Equipment and Services for Hydrocarbon Fluid Analysis (Optical Analyzers and Cloud Analytics): For its Digital Valuation services, which include the XSPCT™ analyzer for custody transfer, Flotek estimates an annual total addressable market of greater than $2 billion. This estimate is based on approximately 60,000 potential locations with $45,000 in recurring revenue per site per year. The global big data analytics market in the energy sector was valued at USD 11.91 billion in 2025 and is projected to grow to USD 33.49 billion by 2034. North America is identified as the largest market for big data analytics in the energy sector, holding approximately 45% of the global market share. The broader global optical gas analyzer market was valued at approximately USD 2.5 billion in 2023 and is projected to reach USD 4.8 billion by 2032. North America also dominates the optical gas analyzer market.
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Flotek Industries (FTK) is poised for future revenue growth over the next two to three years, driven by several strategic initiatives and market expansions.
Here are 3-5 expected drivers of future revenue growth for Flotek Industries:
- Continued Growth in Data Analytics (DA) Segment: The Data Analytics segment is consistently highlighted as a primary driver of revenue and gross profit expansion. In the fourth quarter of 2025, Data Analytics accounted for approximately 48% of the company's gross profit, demonstrating a significant shift towards a higher-margin, data-driven business model. The company reported a 210% increase in Data Analytics segment revenue in 2025. Flotek's strategic focus on expanding its Data Analytics segment, including upstream applications and Data-as-a-Service, is expected to continue generating significant revenue through new contracts and technology applications.
- Expansion into Power Services: The strategic entry into power services in 2025, facilitated by the PowerTech acquisition, is anticipated to be a significant source of high-margin, recurring revenue. Flotek projects PowerTech revenues to exceed $27 million in 2026, marking a 70% increase from 2025. The company has already secured a large, high-margin backlog in power services, including an estimated $146 million recurring revenue stream through 2031, and expects its first infrastructure and utilities power contract to commence in Q2 2026.
- International Expansion of Chemistry Technologies (CT): Flotek is actively diversifying its geographic footprint to reduce reliance on the North American market, with a focus on high-margin international regions. The company has reported continued growth in specialty chemical sales in areas such as the Kingdom of Saudi Arabia and the United Arab Emirates. This global traction is expected to contribute to sustained growth in reservoir-centric and international chemistry revenues.
- Growth in External Chemistry Customer Sales and New Product Launches: Despite a challenging environment, the Chemistry Technologies segment has demonstrated resilience and growth in external customer sales. The company anticipates a substantial increase in external customer chemistry sales in 2024 and beyond. Furthermore, the ongoing field testing and planned mid-2024 release of new products, such as the Cal-X spectrometer, are expected to provide additional revenue streams within the CT segment.
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Share Repurchases
No significant share repurchases have been explicitly reported within the last 3-5 years. Information on share repurchases made or authorized for future periods is not readily available in the provided search results.
Share Issuance
- On July 9, 2025, Flotek Industries' shareholders approved the issuance of common stock underlying the April 2025 Warrant held by ProFrac GDM, LLC, which was related to a prior agreement for the acquisition of certain gas distribution assets.
- The number of outstanding shares for Flotek Industries increased slightly from 29.664 million in 2023 to 29.826 million in 2024, and further to 29.99 million by September 30, 2025.
Inbound Investments
- The company's revenues in 2023 were significantly driven by a full year of activity under the ProFrac Agreement, which began in the second quarter of 2022.
Outbound Investments
- Flotek completed the acquisition and onboarding of its PowerTech assets in the second quarter of 2025, strategically entering the power services market to drive margin and profitability expansion.
- The company is targeting to double its fleet of PowerTech units by the end of 2026.
Capital Expenditures
- Capital expenditures were approximately $2 million in 2025.
- For 2026, expected capital expenditures are projected to be between $10 million and $15 million, representing a significant increase.
- The primary focus of these anticipated capital expenditures for 2026 is to expand production of custody transfer units and skids due to strong demand and to double the PowerTech fleet.
Peer Outperformance in Oil & Gas Equipment & Services
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Oil & Gas Refining & Marketing | 11 | 121.2% | 130.0% | 364.5% | PBF 948% · MPC 609% · VLO 551% |
| Integrated Oil & Gas | 7 | 45.5% | 61.9% | 253.7% | IMO 501% · CVE 377% · SU 361% |
| Oil & Gas Storage & Transportation | 18 | 35.9% | 114.5% | 242.2% | INSW 874% · LPG 799% · TRGP 627% |
| Coal & Consumable Fuels | 14 | 33.2% | 65.4% | 196.3% | EU 1033% · LEU 678% · CCJ 522% |
| Oil & Gas Equipment & Services ← | 34 | 69.0% | 44.3% | 137.8% | FTI 1168% · SEI 995% · TDW 792% |
| Oil & Gas Exploration & Production | 51 | 25.7% | 5.5% | 133.0% | KGEI 10190% · OBE 6998% · EP 2663% |
| Oil & Gas Drilling | 7 | 92.6% | -2.5% | 115.1% | VAL 251% · PDS 195% · NE 130% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Flotek Industries Earnings Notes | 12/16/2025 | |
| With Flotek Industries Stock Surging, Have You Considered The Downside? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 44.30 |
| Mkt Cap | 46.7 |
| Rev LTM | 19,608 |
| Op Inc LTM | 2,992 |
| FCF LTM | 1,800 |
| FCF 3Y Avg | 1,960 |
| CFO LTM | 2,903 |
| CFO 3Y Avg | 3,126 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 1.6% |
| Rev Chg 3Y Avg | 5.0% |
| Rev Chg Q | 4.3% |
| QoQ Delta Rev Chg LTM | 1.1% |
| Op Inc Chg LTM | -4.1% |
| Op Inc Chg 3Y Avg | 8.8% |
| Op Mgn LTM | 13.1% |
| Op Mgn 3Y Avg | 13.9% |
| QoQ Delta Op Mgn LTM | -0.2% |
| CFO/Rev LTM | 14.1% |
| CFO/Rev 3Y Avg | 14.0% |
| FCF/Rev LTM | 9.4% |
| FCF/Rev 3Y Avg | 8.8% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Chemistry Technologies | 210 | 178 | 180 | 131 | 39 |
| Data Analytics | 27 | 9 | 8 | 6 | 4 |
| Corporate and Other | 0 | 0 | 0 | 0 | |
| Total | 237 | 187 | 188 | 136 | 43 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Chemistry Technologies | 30 | 27 | 39 | -15 | -5 |
| Data Analytics | 8 | -1 | -0 | -3 | -12 |
| Corporate and Other | -15 | -13 | -16 | -18 | -14 |
| Total | 23 | 12 | 23 | -35 | -31 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Chemistry Technologies | 161 | 152 | 139 | 147 | 34 |
| Corporate and Other | 40 | 10 | 12 | 13 | 9 |
| Data Analytics | 19 | 9 | 7 | 6 | 7 |
| Total | 220 | 171 | 158 | 165 | 50 |
Price Behavior
| Market Price | $28.66 | |
| Market Cap ($ Bil) | 1.0 | |
| First Trading Date | 07/27/2005 | |
| Distance from 52W High | -26.2% | |
| 50 Days | 200 Days | |
| DMA Price | $26.00 | $19.23 |
| DMA Trend | up | up |
| Distance from DMA | 10.2% | 49.1% |
| 3M | 1YR | |
| Volatility | 101.8% | 77.8% |
| Downside Capture | 87.57 | 160.71 |
| Upside Capture | 232.96 | 227.38 |
| Correlation (SPY) | 31.5% | 29.8% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 4.24 | 2.43 | 2.23 | 1.61 | 1.76 | 1.42 |
| Up Beta | 7.17 | 0.68 | 0.46 | 0.59 | 1.01 | 1.33 |
| Down Beta | 3.07 | 2.11 | 2.76 | 1.96 | 1.79 | 1.72 |
| Up Capture | 405% | 464% | 401% | 253% | 418% | 388% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 10 | 23 | 33 | 62 | 129 | 354 |
| Down Capture | 341% | 217% | 181% | 152% | 142% | 103% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 12 | 20 | 30 | 64 | 122 | 382 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FTK | |
|---|---|---|---|---|
| FTK | 139.5% | 77.7% | 1.44 | - |
| Sector ETF (XLE) | 50.0% | 21.6% | 1.78 | 12.1% |
| Equity (SPY) | 20.9% | 12.8% | 1.21 | 29.6% |
| Gold (GLD) | 32.1% | 28.5% | 0.97 | 22.6% |
| Commodities (DBC) | 40.1% | 20.2% | 1.55 | 9.7% |
| Real Estate (VNQ) | 14.2% | 13.9% | 0.72 | 2.5% |
| Bitcoin (BTCUSD) | -46.9% | 42.7% | -1.37 | 21.4% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FTK | |
|---|---|---|---|---|
| FTK | 25.4% | 86.1% | 0.62 | - |
| Sector ETF (XLE) | 25.0% | 25.8% | 0.85 | 21.2% |
| Equity (SPY) | 13.3% | 17.2% | 0.60 | 22.8% |
| Gold (GLD) | 20.2% | 18.5% | 0.89 | 12.2% |
| Commodities (DBC) | 10.3% | 19.6% | 0.41 | 15.9% |
| Real Estate (VNQ) | 2.2% | 18.9% | 0.01 | 15.7% |
| Bitcoin (BTCUSD) | 6.3% | 52.7% | 0.31 | 9.1% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FTK | |
|---|---|---|---|---|
| FTK | -10.7% | 88.2% | 0.25 | - |
| Sector ETF (XLE) | 10.7% | 29.6% | 0.40 | 31.3% |
| Equity (SPY) | 15.3% | 17.9% | 0.73 | 29.8% |
| Gold (GLD) | 12.3% | 16.2% | 0.62 | 8.1% |
| Commodities (DBC) | 7.8% | 18.1% | 0.35 | 21.6% |
| Real Estate (VNQ) | 4.9% | 20.7% | 0.20 | 23.8% |
| Bitcoin (BTCUSD) | 60.0% | 66.1% | 1.00 | 8.1% |
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Returns Analyses
Earnings Returns History
Updated 8/13/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/4/2026 | 27.9% | 37.6% | |
| 5/5/2026 | -3.1% | 0.8% | 47.2% |
| 3/11/2026 | 6.2% | -4.7% | -8.7% |
| 11/4/2025 | 1.6% | -7.1% | -1.3% |
| 8/5/2025 | 1.0% | 19.7% | 0.7% |
| 5/6/2025 | 42.2% | 100.8% | 102.5% |
| 3/10/2025 | 1.6% | 40.1% | -14.3% |
| 11/4/2024 | 23.0% | 51.2% | 76.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 10 | 9 |
| # Negative | 15 | 15 | 15 |
| Median Positive | 7.8% | 25.0% | 32.0% |
| Median Negative | -5.3% | -10.1% | -10.1% |
| Max Positive | 42.2% | 100.8% | 102.5% |
| Max Negative | -16.4% | -28.6% | -37.6% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/4/2026 | 27.9% | 37.6% | |
| 5/5/2026 | -3.1% | 0.8% | 47.2% |
| 3/11/2026 | 6.2% | -4.7% | -8.7% |
| 11/4/2025 | 1.6% | -7.1% | -1.3% |
| 8/5/2025 | 1.0% | 19.7% | 0.7% |
| 5/6/2025 | 42.2% | 100.8% | 102.5% |
| 3/10/2025 | 1.6% | 40.1% | -14.3% |
| 11/4/2024 | 23.0% | 51.2% | 76.8% |
| 8/6/2024 | -8.3% | -2.1% | -5.2% |
| 5/7/2024 | -0.8% | -1.7% | 28.6% |
| 3/12/2024 | 29.9% | 30.2% | 32.0% |
| 11/7/2023 | -11.3% | -2.9% | -22.5% |
| 8/8/2023 | -3.6% | -10.1% | -2.4% |
| 5/9/2023 | 5.2% | 1.8% | 4.8% |
| 3/21/2023 | -14.3% | -28.6% | -30.0% |
| 11/9/2022 | -16.4% | -22.1% | -10.0% |
| 8/10/2022 | -3.2% | -7.3% | -16.9% |
| 5/17/2022 | -3.1% | -6.2% | -10.1% |
| 3/31/2022 | -5.3% | -13.5% | -0.8% |
| 11/9/2021 | -8.8% | -21.6% | -37.6% |
| 8/10/2021 | -1.2% | -13.3% | -18.8% |
| 5/11/2021 | 9.5% | 12.4% | 20.1% |
| 3/16/2021 | -9.0% | -12.2% | -30.6% |
| 11/17/2020 | -5.8% | -12.9% | -8.3% |
| 8/6/2020 | -2.0% | 0.0% | 57.9% |
| SUMMARY STATS | |||
| # Positive | 10 | 10 | 9 |
| # Negative | 15 | 15 | 15 |
| Median Positive | 7.8% | 25.0% | 32.0% |
| Median Negative | -5.3% | -10.1% | -10.1% |
| Max Positive | 42.2% | 100.8% | 102.5% |
| Max Negative | -16.4% | -28.6% | -37.6% |
Recent Forward Guidance
Updated 8/6/2026Latest: Q2 2026 Earnings Reported 8/4/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Total Revenues | 340.00 Mil | 345.00 Mil | 350.00 Mil | 23.2% | Raised | Guidance: 280.00 Mil for 2026 | |
| 2026 Adjusted EBITDA | 47.00 Mil | 49.00 Mil | 51.00 Mil | 27.3% | Raised | Guidance: 38.50 Mil for 2026 | |
Prior: Q3 2025 Earnings Reported 11/4/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2025 PWRtek Revenues | 6.80 Mil | ||||||
| 2025 Total Revenues | 220.00 Mil | 222.50 Mil | 225.00 Mil | 6.0% | Raised | Guidance: 210.00 Mil for 2025 | |
| 2025 Adjusted EBITDA | 35.00 Mil | 37.50 Mil | 40.00 Mil | 2.7% | Raised | Guidance: 36.50 Mil for 2025 | |
| 2025 PWRtek Revenues | 16.10 Mil | ||||||
Insider Activity
Updated 7/24/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Clement, James Bond | Chief Financial Officer | Direct | Sell | 5182026 | 20.08 | 12,554 | 252,084 | 2,315,706 | Form |
| 2 | Clement, James Bond | Chief Financial Officer | Direct | Sell | 2262026 | 16.02 | 6,299 | 100,910 | 1,967,849 | Form |
| 3 | Agadi, Harshavardhan V | Direct | Sell | 11142025 | 14.71 | 66,956 | 984,648 | 2,900,959 | Form | |
| 4 | Ezell, Ryan Gillis | Chief Executive Officer | Direct | Sell | 8152025 | 12.26 | 87,187 | 1,068,913 | 1,923,042 | Form |
| 5 | Clement, James Bond | Chief Financial Officer | Direct | Sell | 8142025 | 12.74 | 45,732 | 582,626 | 1,215,893 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Clement, James Bond | Chief Financial Officer | Direct | Sell | 5182026 | 20.08 | 12,554 | 252,084 | 2,315,706 | Form |
| 2 | Clement, James Bond | Chief Financial Officer | Direct | Sell | 2262026 | 16.02 | 6,299 | 100,910 | 1,967,849 | Form |
| 3 | Agadi, Harshavardhan V | Direct | Sell | 11142025 | 14.71 | 66,956 | 984,648 | 2,900,959 | Form | |
| 4 | Ezell, Ryan Gillis | Chief Executive Officer | Direct | Sell | 8152025 | 12.26 | 87,187 | 1,068,913 | 1,923,042 | Form |
| 5 | Clement, James Bond | Chief Financial Officer | Direct | Sell | 8142025 | 12.74 | 45,732 | 582,626 | 1,215,893 | Form |
Investor Activity (13F)
Updated Aug 18, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
|---|
Industry Resources
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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