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Mammoth Energy Services
(NASDAQ:TUSK)
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Rating:66Neutral
Price Target:
$3.50
▲(28.21% Upside)
Action:Reiterated
Date:08/09/26
The score reflects strong technical momentum and a notably upbeat earnings outlook (raised 2026 guidance and improving adjusted EBITDA), balanced against weaker core financials—ongoing net losses and materially negative, volatile operating/free cash flow. Low leverage supports flexibility, but execution and cash-generation consistency remain the main constraints on a higher score.
Positive Factors
Low Leverage & Liquidity
A near-zero leverage profile and roughly $77M in cash/marketable securities provide durable financial flexibility. This liquidity supports continued fleet build-out, small acquisitions, and working capital through commodity cycles, reducing refinancing risk while management executes growth plans.
Negative Factors
Negative Cash Generation
Persistent negative operating and free cash flow undermines long-term financial resilience even with current liquidity. Continued cash burn or lumpy capex demands will pressure the balance between growth spending and sustaining operations, limiting options for returns, deleveraging, or cushioning downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage & Liquidity
A near-zero leverage profile and roughly $77M in cash/marketable securities provide durable financial flexibility. This liquidity supports continued fleet build-out, small acquisitions, and working capital through commodity cycles, reducing refinancing risk while management executes growth plans.
Read all positive factors
Mammoth Energy Services Key Performance Indicators (KPIs)
Any
Adjusted EBITDA by Segment
Shows each segment’s operating profit after removing one-time items and accounting differences, highlighting which businesses generate the most cash profit and where margins are strongest or weakest. Helps evaluate operational efficiency, capital-allocation priorities and how vulnerable Mammoth is to downturns in drilling and production activity.
Shows each segment’s operating profit after removing one-time items and accounting differences, highlighting which businesses generate the most cash profit and where margins are strongest or weakest. Helps evaluate operational efficiency, capital-allocation priorities and how vulnerable Mammoth is to downturns in drilling and production activity.
Data provided by:
The Fly
The FlyMammoth Energy Services (TUSK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$157.86M
Dividend YieldN/A
Average Volume (3M)288.94K
Price to Earnings (P/E)―
Beta (1Y)0.47
Revenue Growth-57.96%
EPS Growth75.86%
CountryUS
Employees115
SectorIndustrials
Sector Strength72
IndustryConglomerates
Share Statistics
EPS (TTM)-0.45
Shares Outstanding48,127,586
10 Day Avg. Volume502,892
30 Day Avg. Volume288,935
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.35
Price to Sales (P/S)2.02
P/FCF Ratio-1.00
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.05
Revenue Forecast (FY)$210.12M
Mammoth Energy Services Business Overview & Revenue Model
Company Description
Mammoth Energy Services, Inc. operates as a company providing a variety of services to the energy sector. Its operations are divided into four main business units: Infrastructure Services, Well Completion Services, Natural Sand Proppant Services, ...
How the Company Makes Money
Mammoth Energy Services makes money by selling project-based and service-based work across its operating lines, generating revenue primarily from (1) oilfield services and (2) infrastructure construction. In oilfield services, revenue is earned by...
Mammoth Energy Services Earnings Call Summary
Earnings Call Date:Aug 07, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 30, 2026
Earnings Call Sentiment Positive
The call highlights meaningful operational recovery and growth: strong revenue acceleration (+110% YoY), consecutive quarters of positive adjusted EBITDA, fleet scale-up in aviation, notable sand and drilling improvements, strategic small acquisitions, and a debt-free balance sheet with ~$77M liquidity. Key challenges include a sequential net loss due to below-the-line items, revenue volatility from non-linear aviation asset sales, a still-reset infrastructure segment, and continued negative adjusted EBITDA in sand despite progress. Management raised guidance materially and emphasized recurring-operating-revenue–based outlook, which suggests confidence. Overall, the positive operational momentum and upgraded guidance outweigh the remaining execution and timing risks.Positive Updates
Strong Top-Line Growth
Total revenue of $26.1M in Q2, up 19% sequentially and up 110% year-over-year, driven by sand, drilling, infrastructure and expanding recurring rental revenue.
Negative Updates
Sequential Net Loss
Net loss from continuing operations of $1.2M ($0.02 per diluted share) in Q2 versus net income of $4.7M in Q1; sequential deterioration driven largely by below-the-line items despite operational EBITDA progress.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Top-Line Growth
Total revenue of $26.1M in Q2, up 19% sequentially and up 110% year-over-year, driven by sand, drilling, infrastructure and expanding recurring rental revenue.
Read all positive updates
Company Guidance
Mammoth raised its 2026 guidance substantially, now calling for full‑year revenue growth of greater than 90% (up from initial guidance of >50% in March and >60% in May) and adjusted EBITDA margins in excess of 10%, with full‑year adjusted EBITDA expected to be positive; management noted this double‑digit margin outcome is roughly a year ahead of prior plans (with mid‑teens margins targeted for 2027), reminded investors that the first half included roughly $8.5 million of aviation asset sale revenue and that the second‑half outlook is based solely on recurring operating revenue (so any future asset sales would be upside), and reiterated progress toward an SG&A exit run rate of $11–12 million while continuing disciplined capital deployment.Mammoth Energy Services Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
72
Positive
Cash Flow
33
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 72.34M | 44.29M | 187.93M | 309.49M | 362.09M | 228.96M |
| Gross Profit | 3.25M | -8.56M | -7.90M | 16.54M | 19.23M | -47.84M |
| EBITDA | -5.96M | -17.84M | -168.25M | 70.44M | 88.77M | -39.41M |
| Net Income | 713.00K | 4.60M | -207.33M | -3.16M | -619.00K | -101.43M |
Balance Sheet | ||||||
| Total Assets | 345.96M | 334.89M | 384.03M | 698.48M | 724.68M | 720.89M |
| Cash, Cash Equivalents and Short-Term Investments | 77.02M | 121.62M | 60.97M | 16.56M | 17.28M | 11.66M |
| Total Debt | 4.41M | 3.45M | 18.03M | 63.26M | 120.20M | 115.44M |
| Total Liabilities | 83.57M | 76.61M | 131.21M | 238.38M | 262.06M | 257.67M |
| Stockholders Equity | 262.39M | 258.29M | 252.82M | 460.10M | 462.62M | 463.22M |
Cash Flow | ||||||
| Free Cash Flow | -117.88M | -89.12M | 163.65M | 11.99M | 2.53M | -24.71M |
| Operating Cash Flow | -18.98M | -18.57M | 180.72M | 31.39M | 15.27M | -18.86M |
| Investing Cash Flow | -74.80M | 54.55M | -10.43M | -8.79M | -2.12M | 5.51M |
| Financing Cash Flow | -856.00K | -4.29M | -112.11M | -15.59M | -5.60M | 8.43M |
Mammoth Energy Services Technical Analysis
Positive
2.73
Price Trends
3.01
Positive
2.89
Positive
2.50
Positive
Market Momentum
0.09
Negative
60.04
Neutral
71.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TUSK, the sentiment is Positive. The current price of 2.73 is below the 20-day moving average (MA) of 2.88, below the 50-day MA of 3.01, and above the 200-day MA of 2.50, indicating a bullish trend. The MACD of 0.09 indicates Negative momentum. The RSI at 60.04 is Neutral, neither overbought nor oversold. The STOCH value of 71.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TUSK.
Mammoth Energy Services Risk Analysis
Mammoth Energy Services disclosed 70 risk factors in its most recent earnings report. Mammoth Energy Services reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Mammoth Energy Services Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $157.86M | -7.20 | 0.28% | ― | -57.96% | 75.86% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | $302.25M | -3.72 | -27.83% | ― | 5.09% | 14.61% | |
55 Neutral | $908.10M | -5.93 | -21.01% | 2.49% | 7.52% | -1.67% | |
53 Neutral | $441.26M | 72.45 | 0.36% | ― | 25.45% | ― | |
50 Neutral | $202.14M | 12.63 | 37.76% | ― | 9.30% | 22.99% | |
49 Neutral | $533.00M | -0.90 | -51.47% | 2.84% | 73.46% | -259.87% |
* Industrials Sector Average
TUSK
Mammoth Energy Services
3.21
0.92
40.17%
CODI
Compass Diversified Holdings
12.28
4.83
64.83%
NNBR
NN
3.61
1.19
49.17%
RCMT
Rcm Technologies
28.92
4.21
17.04%
TRC
Tejon Ranch Company
16.41
-1.05
-6.01%
FIP
FTAI Infrastructure Incorporation
4.66
0.05
1.02%
Mammoth Energy Services Corporate Events
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Mammoth Energy Raises 2026 Outlook After Strong Q2
Positive
Aug 7, 2026
Mammoth Energy Services reported on August 7, 2026 that second quarter 2026 revenue from continuing operations more than doubled year on year to $26.1 million, while Adjusted EBITDA rose to $2.6 million and net loss narrowed sharply to $1.2 millio...
Executive/Board ChangesShareholder Meetings
Mammoth Energy Stockholders Reelect Board at Annual Meeting
Positive
Jun 26, 2026
On June 25, 2026, Mammoth Energy Services, Inc. held its Annual Meeting of Stockholders in Oklahoma City, where shareholders voted on four corporate governance proposals. Stockholders re-elected Arthur Amron, Corey Booker, Paul Jacobi, Phil Lancas...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.