Flotek (FTK) AI Stock Analysis

• Market Cap: $476.74M
• Dividend Yield: N/A
• Average Volume (3M): 539.46K
• Price to Earnings (P/E): 35.0
• Beta (1Y): 1.64
• Revenue Growth: 11.97%
• EPS Growth: 188.31%
• Country: US
• Employees: 142
• Sector: Energy
• Sector Strength: 67
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): 0.17
• Shares Outstanding: 29,852,074
• 10 Day Avg. Volume: 535,746
• 30 Day Avg. Volume: 539,460
• PEG Ratio: -0.05
• Price to Book (P/B): 32.11
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.85
• Enterprise Value/Market Cap: 0.40
• Enterprise Value/Revenue: 0.26
• Enterprise Value/Gross Profit: 4.46
• Enterprise Value/Ebitda: 3.04
• 1Y Price Target: $19.00
• Price Target Upside: 18.97% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 72 Outperform
• Price Target: $18.50 ▲(15.84%Upside)

Flotek Industries receives a strong overall score due to impressive financial performance and positive earnings call highlights. Despite its high valuation, the stock's technical analysis supports a bullish outlook, while strategic corporate actions enhance growth prospects. Macroeconomic uncertainties and high P/E ratio are noted risks.

Flotek Business Overview & Revenue Model

Company Description

Flotek Industries, Inc. (FTK) is a technology-driven company that provides innovative solutions to the energy industry. The company primarily operates within the oil and gas sector, offering a range of products and services designed to improve well performance and enhance oil recovery. Its core offerings include complex chemical and logistics solutions, which are utilized to optimize production processes and maximize efficiency in drilling operations.

How the Company Makes Money

Flotek generates revenue through the sale of its proprietary chemical technologies and services to oil and gas companies. The company earns money by providing customized solutions that enhance the extraction and production processes in the industry. Key revenue streams include the sale of chemical additives used in hydraulic fracturing and drilling fluids, as well as offering data-driven insights and analytics through its digital platforms. Partnerships with major oil and gas companies and strategic collaborations also play a significant role in driving Flotek's earnings, as these relationships help the company expand its market reach and customer base.

Flotek Financial Statement Overview

Summary

Flotek Industries has demonstrated strong revenue growth and improved profitability margins. The balance sheet shows effective debt management, and cash flows are on a positive upward trajectory, though some volatility remains.

Income Statement

Flotek's revenue has shown strong growth, increasing from $136M in 2022 to $202M in TTM (Trailing-Twelve-Months), indicating a positive growth trajectory. The gross profit margin improved significantly from negative figures in 2022 to 21.2% in TTM, reflecting enhanced operational efficiency. However, the net profit margin remains modest at 7.1%, suggesting room for improvement in cost management.

Balance Sheet

The company's debt-to-equity ratio has improved, with total debt decreasing from $119.6M in 2022 to $7.4M in TTM, highlighting effective debt management. The equity ratio stands at 70.3%, indicating a strong equity base relative to total assets. However, the return on equity is still moderate at 11.9%, suggesting potential for better utilization of shareholder funds.

Cash Flow

Flotek's free cash flow has turned positive in TTM at $4.4M compared to negative figures in previous years, indicating improved cash management. The operating cash flow to net income ratio is 0.47, suggesting moderate conversion of profits into cash. However, the free cash flow growth rate compared to previous periods shows volatility, which could be a concern.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
202.01M	187.03M	188.06M	136.09M	43.27M	53.14M
	Gross Profit
42.79M	39.39M	24.26M	-6.70M	3.26M	49.73M
	EBIT
15.64M	12.20M	23.22M	-35.42M	-23.46M	-62.06M
	EBITDA
17.79M	13.13M	36.50M	-34.54M	-29.63M	-138.80M
	Net Income Common Stockholders
14.31M	10.50M	24.71M	-42.30M	-30.53M	-136.45M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
6.25M	4.40M	5.85M	12.29M	11.53M	38.66M
	Total Assets
170.24M	170.80M	157.51M	164.81M	50.24M	86.21M
	Total Debt
7.45M	12.85M	17.88M	119.58M	13.26M	14.80M
	Net Debt
1.19M	8.45M	12.03M	107.29M	1.73M	-23.86M
	Total Liabilities
50.53M	56.90M	55.55M	162.21M	30.05M	39.04M
	Stockholders Equity
119.70M	113.90M	101.96M	2.60M	20.19M	47.17M
Cash Flow		Free Cash Flow
4.40M	1.42M	-12.38M	-45.05M	-25.88M	-49.27M
	Operating Cash Flow
6.79M	3.36M	-11.30M	-44.63M	-25.84M	-47.84M
	Investing Cash Flow
-4.07M	-1.82M	-1.01M	5.33M	112.00K	-17.70M
	Financing Cash Flow
-3.53M	-3.12M	5.93M	38.27M	-372.00K	3.73M

Flotek Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 15.97
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FTK, the sentiment is Positive. The current price of 15.97 is above the 20-day moving average (MA) of 15.13, above the 50-day MA of 11.01, and above the 200-day MA of 8.16, indicating a bullish trend. The MACD of 1.25 indicates Positive momentum. The RSI at 67.99 is Neutral, neither overbought nor oversold. The STOCH value of 83.43 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FTK.

Flotek Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NGS	76 Outperform	$320.89M	18.92	6.77%	―	22.64%	78.46%
FTK	72 Outperform	$476.74M	34.98	12.80%	―	11.97%	188.31%
OIS	63 Neutral	$318.01M	61.01	0.75%	―	-9.04%	―
FET	58 Neutral	$235.02M	―	-32.34%	―	7.31%	-326.94%
Sector *	58 Neutral	$7.57B	3.50	-4.45%	10.15%	0.79%	-49.51%
SND	56 Neutral	$93.46M	28.65	-9.09%	―	-0.94%	-353.00%
GEOS	53 Neutral	$84.91M	―	-11.88%	―	-14.52%	-204.65%

Flotek Corporate Events

Flotek Holds Annual Shareholders’ Meeting with Key Decisions

On May 16, 2025, Flotek Industries, Inc. held its annual shareholders’ meeting where key decisions were made, including the election of six directors, approval of executive compensation, ratification of KPMG as the auditor for 2025, and amendments to incentive and stock purchase plans. These approvals reflect shareholder support for the company’s strategic direction and governance, potentially strengthening its position in the market and enhancing shareholder value.

The most recent analyst rating on (FTK) stock is a Buy with a $6.50 price target. To see the full list of analyst forecasts on Flotek stock, see the FTK Stock Forecast page.

Flotek Reports Strongest Quarterly Results in Five Years

On May 6, 2025, Flotek Industries announced its strongest quarterly financial results in five years for the first quarter of 2025, with significant increases in revenue, gross profit, and net income compared to the same period in 2024. The company reported a 37% rise in total revenue, driven by substantial growth in external chemistry and data analytics revenues. Flotek also completed a strategic acquisition of real-time gas monitoring and dual fuel optimization assets, positioning itself for further growth in 2025 with projected revenue and EBITDA increases.

Flotek Acquires Mobile Power Assets for $105 Million

On April 28, 2025, Flotek Industries, Inc., through its subsidiary PWRTEK, LLC, acquired mobile power generation assets from ProFrac GDM, LLC for $105 million. This acquisition, which includes a six-year lease agreement, marks Flotek’s entry into the mobile power generation sector, enhancing its Data Analytics segment and providing a significant revenue backlog. The transaction is expected to increase Flotek’s revenue by 60% in 2025 and offers a scalable platform for future growth, strengthening the company’s financial flexibility and industry positioning.