Flotek Inds Inc Del Financials

FTK

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Financial Profile 51/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Flotek Inds Inc Del has an operating margin of 6.5%, meaning the company retains $7 of operating profit per $100 of revenue. This results in a moderate score of 33/100, indicating healthy but not exceptional operating efficiency. This is down from 12.3% the prior year.

Growth

Flotek Inds Inc Del's revenue declined 0.5% year-over-year, from $188.1M to $187.0M. This contraction results in a growth score of 27/100.

Leverage

100

Flotek Inds Inc Del carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Flotek Inds Inc Del's current ratio of 1.92 indicates adequate short-term liquidity, earning a score of 57/100. The company can meet its near-term obligations, though with limited headroom.

Returns

Flotek Inds Inc Del's ROE of 9.2% shows moderate profitability relative to equity, earning a score of 37/100. This is down from 24.2% the prior year.

Altman Z-Score Safe

4.54

Flotek Inds Inc Del scores 4.54, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($519.7M) relative to total liabilities ($56.9M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral

5/9

Flotek Inds Inc Del passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

0.32x

For every $1 of reported earnings, Flotek Inds Inc Del generates $0.32 in operating cash flow ($3.4M OCF vs $10.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage Safe

11.1x

Flotek Inds Inc Del earns $11.1 in operating income for every $1 of interest expense ($12.2M vs $1.1M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

This page shows Flotek Inds Inc Del (FTK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$187.0M

YoY-0.5%

5Y CAGR+9.4%

10Y CAGR-8.4%

Flotek Inds Inc Del generated $187.0M in revenue in fiscal year 2024. This represents a decrease of 0.5% from the prior year.

EBITDA

$13.1M

YoY-45.3%

10Y CAGR-15.0%

Flotek Inds Inc Del's EBITDA was $13.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 45.3% from the prior year.

Free Cash Flow

N/A

Net Income

$10.5M

YoY-57.5%

10Y CAGR-15.0%

Flotek Inds Inc Del reported $10.5M in net income in fiscal year 2024. This represents a decrease of 57.5% from the prior year.

EPS (Diluted)

$0.34

YoY+440.0%

10Y CAGR-9.9%

Flotek Inds Inc Del earned $0.34 per diluted share (EPS) in fiscal year 2024. This represents an increase of 440.0% from the prior year.

Cash & Debt

$4.4M

YoY-24.7%

5Y CAGR-46.5%

10Y CAGR+13.3%

Flotek Inds Inc Del held $4.4M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

30M

YoY+0.5%

5Y CAGR-12.9%

10Y CAGR-5.7%

Flotek Inds Inc Del had 30M shares outstanding in fiscal year 2024. This represents an increase of 0.5% from the prior year.

Gross Margin

21.1%

YoY+8.2pp

5Y CAGR+45.1pp

10Y CAGR-8.1pp

Flotek Inds Inc Del's gross margin was 21.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 8.2 percentage points from the prior year.

Operating Margin

6.5%

YoY-5.8pp

5Y CAGR+69.8pp

10Y CAGR-6.5pp

Flotek Inds Inc Del's operating margin was 6.5% in fiscal year 2024, reflecting core business profitability. This is down 5.8 percentage points from the prior year.

Net Margin

5.6%

YoY-7.5pp

5Y CAGR+34.0pp

10Y CAGR-6.3pp

Flotek Inds Inc Del's net profit margin was 5.6% in fiscal year 2024, showing the share of revenue converted to profit. This is down 7.5 percentage points from the prior year.

Return on Equity

9.2%

YoY-15.0pp

10Y CAGR-8.3pp

Flotek Inds Inc Del's ROE was 9.2% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 15.0 percentage points from the prior year.

R&D Spending

$1.7M

YoY-31.1%

5Y CAGR-28.0%

10Y CAGR-9.8%

Flotek Inds Inc Del invested $1.7M in research and development in fiscal year 2024. This represents a decrease of 31.1% from the prior year.

Share Buybacks

N/A

Capital Expenditures

N/A

FTK Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$187.0M-0.5%	$188.1M+38.2%	$136.1M+214.5%	$43.3M-18.6%	$53.1M-55.5%	$119.4M
Cost of Revenue	$147.6M-9.9%	$163.8M+14.7%	$142.8M+256.9%	$40.0M-51.1%	$81.8M-44.8%	$148.1M
Gross Profit	$39.4M+62.3%	$24.3M+462.1%	-$6.7M-305.8%	$3.3M+111.4%	-$28.7M+0.3%	-$28.7M
R&D Expenses	$1.7M-31.1%	$2.5M-44.0%	$4.4M-19.8%	$5.5M-23.2%	$7.2M-18.6%	$8.9M
SG&A Expenses	$24.7M-11.2%	$27.8M+2.6%	$27.1M+34.5%	$20.2M-11.4%	$22.8M-18.6%	$28.0M
Operating Income	$12.2M-47.5%	$23.2M+165.6%	-$35.4M-12.6%	-$31.5M+78.1%	-$143.6M-90.3%	-$75.5M
Interest Expense	$1.1M-61.7%	$2.9M-59.5%	$7.1M+8939.7%	$78K+30.0%	$60K-97.0%	$2.0M
Income Tax	$649K+335.6%	$149K+777.3%	-$22K+45.0%	-$40K+99.4%	-$6.2M-2458.4%	$262K
Net Income	$10.5M-57.5%	$24.7M+158.4%	-$42.3M-38.6%	-$30.5M+77.6%	-$136.4M-302.3%	-$33.9M
EPS (Diluted)	$0.34+440.0%	$-0.10+97.1%	$-3.41-711.9%	$-0.42+79.0%	$-2.00-263.6%	$-0.55

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$56.0M-4.0%	$58.4M+5.4%	$55.4M+9.1%	$50.8M+10.0%	$46.2M+14.3%	$40.4M-4.3%	$42.2M-10.7%	$47.3M
Cost of Revenue	$38.2M-13.0%	$43.9M+2.4%	$42.9M+11.5%	$38.5M+4.1%	$37.0M+17.2%	$31.6M-3.7%	$32.8M-14.3%	$38.2M
Gross Profit	$17.8M+23.4%	$14.4M+15.7%	$12.4M+1.4%	$12.3M+33.9%	$9.2M+4.0%	$8.8M-6.5%	$9.4M+4.3%	$9.0M
R&D Expenses	$549K+20.7%	$455K+28.2%	$355K-2.7%	$365K-24.1%	$481K+18.5%	$406K+59.2%	$255K-66.3%	$757K
SG&A Expenses	$7.4M+8.7%	$6.8M+8.2%	$6.3M-5.2%	$6.6M+5.6%	$6.3M+3.2%	$6.1M-6.3%	$6.5M-0.4%	$6.5M
Operating Income	$9.1M+251.8%	$2.6M-53.5%	$5.6M+8.2%	$5.1M+131.5%	$2.2M+5.4%	$2.1M-12.9%	$2.4M+49.5%	$1.6M
Interest Expense	$1.4M+37.4%	$983K+329.3%	$229K-9.5%	$253K-17.9%	$308K+10.8%	$278K-13.1%	$320K+100.0%	$160K
Income Tax	-$12.6M-74288.2%	$17K-73.4%	$64K-82.0%	$355K+2266.7%	$15K-93.8%	$242K+365.4%	$52K-35.8%	$81K
Net Income	$20.4M+1051.3%	$1.8M-67.1%	$5.4M+21.4%	$4.4M+124.4%	$2.0M+26.4%	$1.6M-25.8%	$2.1M+63.5%	$1.3M
EPS (Diluted)	$0.53+960.0%	$0.05-70.6%	$0.17+13.3%	$0.15+150.0%	$0.06+20.0%	$0.05-44.4%	$0.09+125.0%	$0.04

FTK Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$170.8M+8.4%	$157.5M-4.4%	$164.8M+228.0%	$50.2M-41.7%	$86.2M-62.6%	$230.6M
Current Assets	$96.5M+26.2%	$76.4M-4.5%	$80.1M+88.0%	$42.6M-35.9%	$66.5M-56.8%	$153.9M
Cash & Equivalents	$4.4M-24.7%	$5.9M-52.4%	$12.3M+6.6%	$11.5M-70.2%	$38.7M-61.6%	$100.6M
Inventory	$13.3M+3.6%	$12.8M-18.3%	$15.7M+66.3%	$9.5M-20.1%	$11.8M-49.0%	$23.2M
Accounts Receivable	N/A	N/A	$19.1M+59.5%	$12.0M+2.0%	$11.8M-24.8%	$15.6M
Goodwill	N/A	N/A	N/A	$0-100.0%	$8.1M	$0
Total Liabilities	$56.9M+2.4%	$55.6M-65.8%	$162.2M+439.8%	$30.1M-23.0%	$39.0M-33.3%	$58.6M
Current Liabilities	$50.4M+5.4%	$47.8M-68.4%	$151.4M+706.2%	$18.8M-34.9%	$28.9M-30.2%	$41.3M
Long-Term Debt	$0-100.0%	$60K-97.8%	$2.7M-18.4%	$3.4M+107.3%	$1.6M	$0
Total Equity	$113.9M+11.7%	$102.0M+3827.6%	$2.6M-87.1%	$20.2M-57.2%	$47.2M-72.6%	$172.0M
Retained Earnings	-$316.3M+3.2%	-$326.8M+7.0%	-$351.5M-13.7%	-$309.2M-11.0%	-$278.7M-95.9%	-$142.2M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$212.7M+23.5%	$172.2M+1.2%	$170.2M-0.3%	$170.8M+9.5%	$156.0M+0.1%	$155.8M-1.1%	$157.5M+3.3%	$152.5M
Current Assets	$100.0M+15.2%	$86.8M-10.8%	$97.3M+0.9%	$96.5M+22.1%	$79.0M+0.9%	$78.3M+2.4%	$76.4M+4.4%	$73.2M
Cash & Equivalents	$4.6M-8.5%	$5.0M-19.6%	$6.3M+42.0%	$4.4M-7.8%	$4.8M-8.5%	$5.2M-10.8%	$5.9M+31.4%	$4.5M
Inventory	$13.2M+7.6%	$12.3M-10.1%	$13.7M+2.9%	$13.3M+9.6%	$12.1M-12.5%	$13.9M+8.0%	$12.8M-19.2%	$15.9M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$102.2M+1.8%	$100.4M+98.7%	$50.5M-11.2%	$56.9M+14.2%	$49.8M-4.1%	$52.0M-6.5%	$55.6M+5.0%	$52.9M
Current Liabilities	$56.5M+3.3%	$54.7M+23.1%	$44.4M-11.8%	$50.4M+18.1%	$42.6M-4.8%	$44.8M-6.3%	$47.8M+5.6%	$45.2M
Long-Term Debt	$40.0M0.0%	$40.0M	N/A	$0	$0-100.0%	$15K-75.0%	$60K-42.3%	$104K
Total Equity	$110.5M+53.8%	$71.8M-40.0%	$119.7M+5.1%	$113.9M+7.2%	$106.2M+2.2%	$103.9M+1.9%	$102.0M+2.4%	$99.6M
Retained Earnings	-$288.8M+6.6%	-$309.2M+0.6%	-$310.9M+1.7%	-$316.3M+2.2%	-$323.3M+0.6%	-$325.2M+0.5%	-$326.8M+0.6%	-$328.9M

FTK Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$3.4M+129.8%	-$11.3M+74.7%	-$44.6M-72.7%	-$25.8M+46.0%	-$47.8M-952.5%	-$4.5M
Capital Expenditures	N/A	N/A	$421K+979.5%	$39K-97.3%	$1.4M-40.9%	$2.4M
Free Cash Flow	N/A	N/A	-$45.1M-74.1%	-$25.9M+47.5%	-$49.3M-608.2%	-$7.0M
Investing Cash Flow	-$1.8M-79.1%	-$1.0M-119.0%	$5.3M+4659.8%	$112K+100.6%	-$17.7M-111.6%	$152.7M
Financing Cash Flow	-$3.1M-152.6%	$5.9M-84.5%	$38.3M+10386.8%	-$372K-110.0%	$3.7M+107.5%	-$50.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	$0

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	-$1.9M+58.5%	-$4.5M-161.4%	$7.3M+385.2%	-$2.6M+16.2%	-$3.1M-178.7%	$3.9M+289.7%	-$2.0M+70.8%	-$7.0M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$388K+45.4%	-$711K-20.3%	-$591K+56.5%	-$1.4M-3060.5%	-$43K+71.7%	-$152K+68.9%	-$489K-109.9%	-$233K
Financing Cash Flow	$1.8M-55.6%	$4.1M+184.7%	-$4.8M-250.3%	$3.2M+21.4%	$2.6M+160.0%	-$4.4M-210.2%	$4.0M+42.3%	$2.8M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

FTK Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	21.1%+8.2pp	12.9%+17.8pp	-4.9%-12.4pp	7.5%+61.5pp	-54.0%-29.9pp	-24.1%
Operating Margin	6.5%-5.8pp	12.3%+38.4pp	-26.0%+46.7pp	-72.7%+197.6pp	-270.3%-207.1pp	-63.3%
Net Margin	5.6%-7.5pp	13.1%+44.2pp	-31.1%+39.5pp	-70.5%+186.2pp	-256.8%-228.4pp	-28.4%
Return on Equity	9.2%-15.0pp	24.2%	N/A	N/A	N/A	N/A
Return on Assets	6.2%-9.5pp	15.7%+41.4pp	-25.7%+35.1pp	-60.8%+97.5pp	-158.3%-143.6pp	-14.7%
Current Ratio	1.92+0.3	1.60+1.1	0.53-1.7	2.27-0.0	2.30-1.4	3.72
Debt-to-Equity	0.000.0	0.00-1.1	1.05+0.9	0.17+0.1	0.03+0.0	0.00
FCF Margin	N/A	N/A	-33.1%+26.7pp	-59.8%+32.9pp	-92.7%-86.9pp	-5.8%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	31.7%+7.1pp	24.7%+2.2pp	22.5%-1.7pp	24.2%+4.3pp	19.9%-2.0pp	21.9%-0.5pp	22.4%+3.2pp	19.1%
Operating Margin	16.2%+11.8pp	4.4%-5.6pp	10.1%-0.1pp	10.1%+5.3pp	4.8%-0.4pp	5.2%-0.5pp	5.7%+2.3pp	3.4%
Net Margin	36.3%+33.3pp	3.0%-6.7pp	9.7%+1.0pp	8.7%+4.5pp	4.3%+0.4pp	3.9%-1.1pp	5.0%+2.3pp	2.7%
Return on Equity	18.4%+16.0pp	2.5%-2.0pp	4.5%+0.6pp	3.9%+2.0pp	1.9%+0.4pp	1.5%-0.6pp	2.1%+0.8pp	1.3%
Return on Assets	9.6%+8.5pp	1.0%-2.1pp	3.2%+0.6pp	2.6%+1.3pp	1.3%+0.3pp	1.0%-0.3pp	1.3%+0.5pp	0.8%
Current Ratio	1.77+0.2	1.59-0.6	2.19+0.3	1.92+0.1	1.85+0.1	1.75+0.1	1.60-0.0	1.62
Debt-to-Equity	0.36-0.2	0.56+0.1	0.42+0.4	0.000.0	0.000.0	0.000.0	0.000.0	0.00
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Flotek Inds Inc Del's annual revenue?

Flotek Inds Inc Del (FTK) reported $187.0M in total revenue for fiscal year 2024. This represents a -0.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Flotek Inds Inc Del's revenue growing?

Flotek Inds Inc Del (FTK) revenue declined by 0.5% year-over-year, from $188.1M to $187.0M in fiscal year 2024.

Is Flotek Inds Inc Del profitable?

Yes, Flotek Inds Inc Del (FTK) reported a net income of $10.5M in fiscal year 2024, with a net profit margin of 5.6%.

What is Flotek Inds Inc Del's earnings per share (EPS)?

Flotek Inds Inc Del (FTK) reported diluted earnings per share of $0.34 for fiscal year 2024. This represents a 440.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Flotek Inds Inc Del's EBITDA?

Flotek Inds Inc Del (FTK) had EBITDA of $13.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Flotek Inds Inc Del have?

As of fiscal year 2024, Flotek Inds Inc Del (FTK) had $4.4M in cash and equivalents against $0 in long-term debt.

What is Flotek Inds Inc Del's gross margin?

Flotek Inds Inc Del (FTK) had a gross margin of 21.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Flotek Inds Inc Del's operating margin?

Flotek Inds Inc Del (FTK) had an operating margin of 6.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Flotek Inds Inc Del's net profit margin?

Flotek Inds Inc Del (FTK) had a net profit margin of 5.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Flotek Inds Inc Del's return on equity (ROE)?

Flotek Inds Inc Del (FTK) has a return on equity of 9.2% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Flotek Inds Inc Del's operating cash flow?

Flotek Inds Inc Del (FTK) generated $3.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Flotek Inds Inc Del's total assets?

Flotek Inds Inc Del (FTK) had $170.8M in total assets as of fiscal year 2024, including both current and long-term assets.

How much does Flotek Inds Inc Del spend on research and development?

Flotek Inds Inc Del (FTK) invested $1.7M in research and development during fiscal year 2024.

How many shares does Flotek Inds Inc Del have outstanding?

Flotek Inds Inc Del (FTK) had 30M shares outstanding as of fiscal year 2024.

What is Flotek Inds Inc Del's current ratio?

Flotek Inds Inc Del (FTK) had a current ratio of 1.92 as of fiscal year 2024, which is generally considered healthy.

What is Flotek Inds Inc Del's debt-to-equity ratio?

Flotek Inds Inc Del (FTK) had a debt-to-equity ratio of 0.00 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Flotek Inds Inc Del's return on assets (ROA)?

Flotek Inds Inc Del (FTK) had a return on assets of 6.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Flotek Inds Inc Del's Altman Z-Score?

Flotek Inds Inc Del (FTK) has an Altman Z-Score of 4.54, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Flotek Inds Inc Del's Piotroski F-Score?

Flotek Inds Inc Del (FTK) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Flotek Inds Inc Del's earnings high quality?

Flotek Inds Inc Del (FTK) has an earnings quality ratio of 0.32x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Flotek Inds Inc Del cover its interest payments?

Flotek Inds Inc Del (FTK) has an interest coverage ratio of 11.1x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Flotek Inds Inc Del?

Flotek Inds Inc Del (FTK) scores 51 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.