Mammoth Energy Services (TUSK) AI Stock Analysis

• Market Cap: $89.16M
• Dividend Yield: N/A
• Average Volume (3M): 284.79K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.52
• Revenue Growth: -21.67%
• EPS Growth: 60.44%
• Country: US
• Employees: 639
• Sector: Industrials
• Sector Strength: 72
• Industry: Conglomerates
• EPS (TTM): -0.25
• Shares Outstanding: 48,194,035
• 10 Day Avg. Volume: 502,901
• 30 Day Avg. Volume: 284,788
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.57
• Price to Sales (P/S): 0.77
• P/FCF Ratio: 0.88
• Enterprise Value/Market Cap: 0.19
• Enterprise Value/Revenue: 0.12
• Enterprise Value/Gross Profit: -44.92
• Enterprise Value/Ebitda: -0.45
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): -0.29
• Revenue Forecast (FY): $163.90M

• Rating: 55 Neutral
• Price Target: $2.00 ▲(11.11% Upside)

Mammoth Energy Services faces significant challenges in profitability and revenue growth, which heavily impact its financial performance score. While technical indicators show some short-term bullish momentum, valuation metrics are weak due to negative earnings. The earnings call provided mixed signals with strong segment performance but overall revenue decline. The recent corporate event is a positive strategic move, but the overall outlook remains cautious.

Positive Factors

Balance Sheet Strength

A strong balance sheet with substantial liquidity provides financial stability and flexibility to invest in growth opportunities.

Portfolio Optimization

The sale aligns with strategic portfolio optimization, enhancing focus on core operations and improving capital allocation.

SG&A Expense Reduction

Significant reduction in SG&A expenses indicates improved operational efficiency, potentially boosting profitability over time.

Negative Factors

Revenue Decline

Declining revenue trend suggests challenges in maintaining market share and competitiveness, impacting long-term growth prospects.

Net Loss

Ongoing net losses highlight profitability challenges, which can strain financial resources and hinder investment in growth initiatives.

Sand Segment Challenges

Significant decline in the Sand segment revenue indicates operational challenges, affecting overall business performance and diversification.

Mammoth Energy Services Business Overview & Revenue Model

Company Description

Mammoth Energy Services (TUSK) is a diversified energy services company that operates primarily in the oil and gas sector. The company provides a wide range of services including pressure pumping, logistics, and other ancillary services that support drilling and completion operations. Mammoth also engages in renewable energy projects, particularly in the area of infrastructure development, thereby expanding its footprint in the evolving energy landscape.

How the Company Makes Money

Mammoth Energy Services generates revenue through several key streams, primarily by offering specialized services to oil and gas producers. Its revenue model is driven by contract-based agreements for pressure pumping services, which involve hydraulic fracturing and cementing operations. Additionally, the company earns income from its logistics services, which facilitate the transportation and management of equipment and materials necessary for energy production. Significant partnerships with major energy companies enhance its service offerings and provide stable revenue opportunities. Furthermore, Mammoth's involvement in renewable energy projects contributes to its growth, tapping into the increasing demand for sustainable energy solutions, thereby diversifying its income sources.

Mammoth Energy Services Financial Statement Overview

Summary

Mammoth Energy Services faces challenges in profitability and revenue growth, with declining revenues and negative profit margins. The balance sheet is stable with low leverage, but profitability remains an issue. Cash flow generation is relatively strong, but declining free cash flow growth is a concern.

Income Statement

Mammoth Energy Services has faced declining revenues with a negative revenue growth rate of -14.65% TTM. The company is struggling with profitability, as evidenced by negative net profit and EBIT margins. However, the gross profit margin of 21.80% TTM indicates some ability to cover direct costs. Overall, the income statement reflects challenges in achieving profitability and growth.

Balance Sheet

The balance sheet shows a low debt-to-equity ratio of 0.0189 TTM, indicating low leverage and potential financial stability. However, the return on equity is negative, reflecting ongoing losses. The equity ratio is not provided, but the low debt levels suggest a conservative capital structure. The balance sheet is stable but lacks profitability.

Cash Flow

Operating cash flow is strong relative to net income, with a coverage ratio of 1.63 TTM, indicating good cash generation from operations. However, free cash flow has declined by 16.11% TTM, which is a concern. The company maintains a positive free cash flow to net income ratio, suggesting some efficiency in converting earnings to cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	146.87M	187.93M	309.49M	362.09M	228.96M	313.08M
Gross Profit	-385.00K	-7.90M	16.54M	19.23M	-47.84M	-14.26M
EBITDA	-38.05M	-168.25M	70.44M	88.77M	-39.41M	-19.06M
Net Income	-78.55M	-207.33M	-3.16M	-619.00K	-101.43M	-107.61M
Balance Sheet
Total Assets	336.75M	384.03M	698.48M	724.68M	720.89M	824.56M
Cash, Cash Equivalents and Short-Term Investments	110.90M	60.97M	16.56M	17.28M	11.66M	16.57M
Total Debt	4.72M	18.03M	63.26M	120.20M	115.44M	113.25M
Total Liabilities	87.51M	131.21M	238.38M	262.06M	257.67M	261.24M
Stockholders Equity	249.24M	252.82M	460.10M	462.62M	463.22M	563.33M
Cash Flow
Free Cash Flow	81.61M	163.65M	11.99M	2.53M	-24.71M	130.00K
Operating Cash Flow	132.33M	180.72M	31.39M	15.27M	-18.86M	6.97M
Investing Cash Flow	54.08M	-10.43M	-8.79M	-2.12M	5.51M	-2.29M
Financing Cash Flow	-64.85M	-112.11M	-15.59M	-5.60M	8.43M	4.27M

Mammoth Energy Services Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.80
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TUSK, the sentiment is Negative. The current price of 1.8 is below the 20-day moving average (MA) of 1.90, below the 50-day MA of 2.00, and below the 200-day MA of 2.34, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 45.68 is Neutral, neither overbought nor oversold. The STOCH value of 40.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TUSK.

Mammoth Energy Services Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RCMT	70 Outperform	$153.77M	12.13	36.68%	―	13.70%	-13.35%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
TUSK	55 Neutral	$89.16M	-1.14	-24.62%	―	-21.67%	60.44%
TRC	53 Neutral	$424.39M	142.29	0.63%	―	15.71%	―
CODI	50 Neutral	$360.38M	-1.27	―	20.88%	-15.85%	-59.42%
FIP	48 Neutral	$546.58M	-1.94	-13.99%	1.91%	32.39%	-19.35%
NNBR	45 Neutral	$59.73M	-0.97	-24.06%	―	-9.85%	-11.65%

Mammoth Energy Services Corporate Events

Mammoth Energy Completes Sale of Aquawolf LLC

On December 2, 2025, Mammoth Energy Partners LLC, a subsidiary of Mammoth Energy Services, Inc., completed the sale of its wholly-owned subsidiary Aquawolf LLC to Qualus, LLC for $30.0 million. This transaction, which is part of Mammoth’s ongoing transformation and portfolio optimization initiatives, resulted in $23.5 million in cash proceeds to Mammoth and $2.5 million placed in escrow for post-closing adjustments. The sale underscores Mammoth’s strategy of building and monetizing businesses to create long-term value for shareholders, as noted by CFO Mark Layton, highlighting the strategic value unlocked by the company.