Flotek (FTK) AI Stock Analysis

• Market Cap: $483.03M
• Dividend Yield: N/A
• Average Volume (3M): 338.12K
• Price to Earnings (P/E): 18.7
• Beta (1Y): 1.81
• Revenue Growth: 23.56%
• EPS Growth: 242.78%
• Country: US
• Employees: 142
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): 0.30
• Shares Outstanding: 30,057,823
• 10 Day Avg. Volume: 452,490
• 30 Day Avg. Volume: 338,119
• PEG Ratio: -0.07
• Price to Book (P/B): 2.47
• Price to Sales (P/S): 1.50
• P/FCF Ratio: 198.07
• Enterprise Value/Market Cap: 1.25
• Enterprise Value/Revenue: 2.75
• Enterprise Value/Gross Profit: 10.75
• Enterprise Value/Ebitda: 23.94
• 1Y Price Target: $19.50
• Price Target Upside: 16.70% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 0.92
• Revenue Forecast (FY): $249.26M

• Rating: 63 Neutral
• Price Target: $17.50 ▲(4.73% Upside)

The score is driven primarily by improved profitability and low leverage, supported by a strong earnings-call backdrop with raised guidance and rapid, high-margin Data Analytics growth. Offsetting these positives are weak TTM cash generation (negative operating and free cash flow) and mixed near-term technical momentum, while valuation appears mid-range without dividend support.

Positive Factors

High‑margin Data Analytics Growth

Rapid, high-margin growth in Data Analytics signals a structural shift toward recurring, service-based revenue. A 71% segment gross margin and compliance wins (GPA 2172) support durable profitability and differentiation, reducing cyclicality versus chemicals.

Sustained Profitability Improvement

Material margin expansion and restored net income demonstrate improved unit economics and operating leverage. Strong EBITDA growth and upward guidance imply management is converting revenue into lasting profit, supporting reinvestment in growth initiatives.

Conservative Leverage and Improved ROE

Very low leverage gives financial flexibility to fund Data Analytics expansion, absorb operational volatility, and pursue strategic investments without heavy interest burden, while a rising ROE indicates more efficient equity capital deployment.

Negative Factors

Negative Operating and Free Cash Flow

Persistent negative operating and free cash flow despite accounting profits is a structural concern; it constrains organic investment, increases financing needs, and can force dilution or higher leverage if cash conversion doesn't improve within upcoming quarters.

Chemistry Segment Underperformance and Customer Concentration

Flat chemistry revenues and a major customer falling short of commitments indicate revenue concentration and execution risk. Continued underperformance could limit cash generation and slow overall top-line resilience if data analytics growth doesn't offset chemistry volatility.

Historical Volatility and Past High Leverage

A history of leverage spikes and uneven revenue growth signals structural earnings and balance sheet volatility. Combined with current cash flow deficits, this raises the risk that episodic stress could recur, limiting ability to fund sustained expansion without external financing.

Flotek Business Overview & Revenue Model

Company Description

Flotek Industries, Inc. operates as a technology-driven chemistry and data company that serves customers across industrial, commercial, and consumer markets in the United States, the United Arab Emirates, and internationally. It operates in two segments, Chemistry Technologies (CT) and Data Analytics (DA). The CT segment designs, develops, manufactures, packages, distributes, delivers, and markets green specialty chemicals that enhance the profitability of hydrocarbon producers and cleans surfaces in commercial and personal settings to help reduce the spread of bacteria, viruses, and germs. This segment primarily serves integrated oil and gas, oilfield services, independent oil and gas, national and state-owned oil, geothermal energy, solar energy, and alternative energy companies. The DA segment designs, develops, produces, sells, and supports equipment and services that create and provide valuable information on the composition and properties of energy customers' hydrocarbon fluids. This segment's data platforms combine the energy industry's field-deployable, inline optical analyzer with proprietary cloud visualization and analytics. It sells its products directly through a mix of in-house sales professionals, as well as contractual agency agreements. The company was incorporated in 1985 and is headquartered in Houston, Texas.

How the Company Makes Money

Flotek generates revenue primarily through the sale of its specialty chemicals and related services to oil and gas companies. The company has a diversified revenue model that includes direct sales of its chemical products, which are used in various applications such as drilling fluids, completion fluids, and enhanced oil recovery. Additionally, Flotek earns income through service contracts that involve the application of its products in the field, thereby providing technical support and expertise. Strategic partnerships with major oil and gas operators further enhance their market reach and revenue potential, allowing for collaborative projects that can lead to increased sales of their chemical solutions. The company may also benefit from pricing strategies that reflect the demand for more environmentally friendly and efficient products, positioning themselves competitively within the energy sector.

Flotek Financial Statement Overview

Summary

Flotek shows strong profitability recovery and improved margins, with low leverage. However, significant cash flow challenges persist, which could impact future operations.

Income Statement

Flotek's income statement shows a positive trajectory with a notable improvement in gross profit margin from 21.06% in 2024 to 25.81% in TTM (Trailing-Twelve-Months). The net profit margin also increased significantly to 14.48% in TTM, indicating enhanced profitability. Revenue growth is modest at 2.94% in TTM, but the company has turned around from previous losses, showing strong EBIT and EBITDA margins of 10.24% and 12.13% respectively. However, the company experienced volatility in revenue growth in prior years, which could pose a risk.

Balance Sheet

The balance sheet reflects a stable financial position with a low debt-to-equity ratio of 0.068 in TTM, indicating low leverage. Return on equity improved to 13.62% in TTM, showcasing efficient use of equity to generate profits. However, the equity ratio is not explicitly provided, and past high leverage in 2022 remains a concern.

Cash Flow

Cash flow analysis reveals challenges, with negative operating cash flow and free cash flow in TTM. The free cash flow growth rate is significantly negative, and the operating cash flow to net income ratio is also negative, indicating cash flow issues despite profitability. The free cash flow to net income ratio is high at 2.96, suggesting reliance on non-operating cash flows.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	220.50M	187.03M	188.06M	136.09M	43.27M	53.14M
Gross Profit	56.34M	39.39M	24.26M	-6.70M	3.26M	-28.67M
EBITDA	25.30M	13.13M	28.45M	-34.54M	-29.48M	-139.16M
Net Income	31.93M	10.50M	24.71M	-42.30M	-30.53M	-136.45M
Balance Sheet
Total Assets	212.69M	170.80M	157.51M	164.81M	50.24M	86.21M
Cash, Cash Equivalents and Short-Term Investments	4.60M	4.40M	5.85M	12.29M	11.53M	38.66M
Total Debt	14.18M	12.85M	17.88M	119.58M	13.26M	14.80M
Total Liabilities	102.19M	56.90M	55.55M	162.21M	30.05M	39.04M
Stockholders Equity	110.50M	113.90M	101.96M	2.60M	20.19M	47.17M
Cash Flow
Free Cash Flow	-5.23M	1.42M	-12.38M	-45.05M	-25.88M	-49.26M
Operating Cash Flow	-2.09M	3.36M	-11.30M	-44.63M	-25.84M	-47.84M
Investing Cash Flow	-3.05M	-1.82M	-1.01M	5.33M	112.00K	-17.70M
Financing Cash Flow	4.77M	-3.12M	5.93M	38.27M	-372.00K	3.73M

Flotek Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 16.71
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: 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 16.71 is below the 20-day moving average (MA) of 17.52, above the 50-day MA of 16.11, and above the 200-day MA of 13.63, indicating a neutral trend. The MACD of 0.18 indicates Positive momentum. The RSI at 48.03 is Neutral, neither overbought nor oversold. The STOCH value of 12.93 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FTK.

Flotek Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NGS	74 Outperform	$429.86M	23.12	7.15%	0.63%	9.53%	15.48%
RNGR	70 Neutral	$318.15M	22.46	5.54%	1.71%	-5.47%	2.24%
OIS	67 Neutral	$489.32M	21.82	3.31%	―	-11.02%	―
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
FTK	63 Neutral	$483.03M	18.71	29.09%	―	23.56%	242.78%
FET	62 Neutral	$464.22M	-4.42	-31.11%	―	-1.29%	-123.25%
GEOS	61 Neutral	$294.36M	-30.79	-7.48%	―	-18.29%	-43.05%

Flotek Corporate Events

Flotek Approves Equity Awards for Executives

On November 19, 2025, Flotek Industries’ Board of Directors approved equity awards for CEO Dr. Ryan Ezell and CFO J. Bond Clement, consisting of restricted stock units (RSUs) and performance-based restricted stock units (PRSUs). These awards are part of the company’s long-term incentive plan, with vesting conditions tied to financial performance and shareholder returns relative to the Russell 2000 Index. This move aims to align executive compensation with company performance and shareholder interests, potentially impacting the company’s strategic focus and market positioning.

The most recent analyst rating on (FTK) stock is a Hold with a $14.50 price target. To see the full list of analyst forecasts on Flotek stock, see the FTK Stock Forecast page.

Flotek’s Senior VP Amy Blakeway Departs Role

On November 13, 2025, Amy Blakeway departed from her role as Senior Vice President, General Counsel, and Corporate Secretary of Flotek Industries, Inc. Her departure is classified as a termination for convenience, and the company plans to provide severance benefits as outlined in her employment agreement, pending the execution of a release agreement.

The most recent analyst rating on (FTK) stock is a Buy with a $19.00 price target. To see the full list of analyst forecasts on Flotek stock, see the FTK Stock Forecast page.

Flotek Reports Strong Q3 2025 Financial Performance

On November 4, 2025, Flotek Industries announced a significant financial performance for the third quarter of 2025, with a 95% increase in gross profit and a 704% rise in net income compared to the same period in 2024. The company’s Data Analytics segment played a crucial role in this growth, contributing 16% to total revenues and achieving a gross profit margin of 71%. Flotek’s strong performance led to an upward revision of its 2025 financial guidance, reflecting confidence in continued growth and value creation for stakeholders.

The most recent analyst rating on (FTK) stock is a Buy with a $18.00 price target. To see the full list of analyst forecasts on Flotek stock, see the FTK Stock Forecast page.