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Klx Energy Services Holdings Inc Financials

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

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 12 / 100
Financial Profile 12/100

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

Profitability
0

Klx Energy Services Holdings Inc has an operating margin of -2.2%, meaning the company retains $-2 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from 6.4% the prior year.

Growth
0

Klx Energy Services Holdings Inc's revenue declined 20.2% year-over-year, from $888.4M to $709.3M. This contraction results in a growth score of 0/100.

Liquidity
47

Klx Energy Services Holdings Inc's current ratio of 1.66 indicates adequate short-term liquidity, earning a score of 47/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
0

While Klx Energy Services Holdings Inc generated $54.2M in operating cash flow, capex of $65.1M consumed most of it, leaving -$10.9M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Weak
2/9

Klx Energy Services Holdings Inc passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Mixed
-1.02x

For every $1 of reported earnings, Klx Energy Services Holdings Inc generates $-1.02 in operating cash flow ($54.2M OCF vs -$53.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk
-0.4x

Klx Energy Services Holdings Inc earns $-0.4 in operating income for every $1 of interest expense (-$15.5M vs $39.4M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

This page shows Klx Energy Services Holdings Inc (KLXE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 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
$709.3M
YoY-20.2%
5Y CAGR+7.4%

Klx Energy Services Holdings Inc generated $709.3M in revenue in fiscal year 2024. This represents a decrease of 20.2% from the prior year.

EBITDA
$78.5M
YoY-39.5%
5Y CAGR+4.3%

Klx Energy Services Holdings Inc's EBITDA was $78.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 39.5% from the prior year.

Free Cash Flow
-$10.9M
YoY-118.6%

Klx Energy Services Holdings Inc generated -$10.9M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 118.6% from the prior year.

Net Income
-$53.0M
YoY-376.0%

Klx Energy Services Holdings Inc reported -$53.0M in net income in fiscal year 2024. This represents a decrease of 376.0% from the prior year.

EPS (Diluted)
$-3.27
YoY-368.0%

Klx Energy Services Holdings Inc earned $-3.27 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 368.0% from the prior year.

Cash & Debt
$91.6M
YoY-18.6%
5Y CAGR-3.7%

Klx Energy Services Holdings Inc held $91.6M in cash against $285.1M in long-term debt as of fiscal year 2024.

Dividends Per Share
N/A
Shares Outstanding
N/A
Gross Margin
22.5%
YoY-1.8pp
5Y CAGR-2.7pp

Klx Energy Services Holdings Inc's gross margin was 22.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 1.8 percentage points from the prior year.

Operating Margin
-2.2%
YoY-8.6pp
5Y CAGR-6.7pp

Klx Energy Services Holdings Inc's operating margin was -2.2% in fiscal year 2024, reflecting core business profitability. This is down 8.6 percentage points from the prior year.

Net Margin
-7.5%
YoY-9.6pp
5Y CAGR-10.4pp

Klx Energy Services Holdings Inc's net profit margin was -7.5% in fiscal year 2024, showing the share of revenue converted to profit. This is down 9.6 percentage points from the prior year.

Return on Equity
N/A
R&D Spending
$1.4M
YoY+0.0%
5Y CAGR-10.2%

Klx Energy Services Holdings Inc invested $1.4M in research and development in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Share Buybacks
N/A
Capital Expenditures
$65.1M
YoY+14.0%
5Y CAGR-5.0%

Klx Energy Services Holdings Inc invested $65.1M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 14.0% from the prior year.

KLXE Income Statement

Metric Q3'25 Q2'25 Q1'25 Q3'24 Q2'24 Q1'24 Q4'23 Q3'23
Revenue $166.7M+4.8% $159.0M+3.2% $154.0M-6.9% $165.5M-8.2% $180.2M+3.1% $174.7M-10.0% $194.2M-12.0% $220.6M
Cost of Revenue $130.5M+3.9% $125.6M+1.5% $123.8M-2.8% $127.4M-6.3% $136.0M-5.6% $144.0M-5.3% $152.1M-8.5% $166.2M
Gross Profit $36.2M+8.4% $33.4M+10.6% $30.2M-20.7% $38.1M-13.8% $44.2M+44.0% $30.7M-27.1% $42.1M-22.6% $54.4M
R&D Expenses $400K0.0% $400K0.0% $400K0.0% $400K+33.3% $300K0.0% $300K-25.0% $400K0.0% $400K
SG&A Expenses $15.6M-13.3% $18.0M-16.7% $21.6M+23.4% $17.5M-9.3% $19.3M-10.6% $21.6M+8.5% $19.9M+7.0% $18.6M
Operating Income -$3.0M+65.5% -$8.7M+50.8% -$17.7M-261.2% -$4.9M-450.0% $1.4M+110.7% -$13.1M-755.0% $2.0M-87.8% $16.4M
Interest Expense $11.1M+0.9% $11.0M+6.8% $10.3M+1.0% $10.2M+4.1% $9.8M+2.1% $9.6M+3.2% $9.3M+1.1% $9.2M
Income Tax $200K0.0% $200K0.0% $200K $0-100.0% $200K0.0% $200K-92.9% $2.8M+833.3% $300K
Net Income -$14.3M+28.1% -$19.9M+28.7% -$27.9M-91.1% -$14.6M-82.5% -$8.0M+64.0% -$22.2M-141.3% -$9.2M-221.1% $7.6M
EPS (Diluted) $-0.74+28.8% $-1.04+35.8% $-1.62-82.0% $-0.89-81.6% $-0.49+64.5% $-1.38-126.2% $-0.61-229.8% $0.47

KLXE Balance Sheet

Metric Q3'25 Q2'25 Q1'25 Q3'24 Q2'24 Q1'24 Q4'23 Q3'23
Total Assets $358.2M-3.1% $369.5M-2.5% $379.1M-16.9% $456.3M-7.1% $491.2M-1.3% $497.5M-7.8% $539.8M+3.0% $524.3M
Current Assets $164.2M-4.9% $172.7M+2.9% $167.9M-27.9% $233.0M-7.3% $251.3M-0.9% $253.6M-12.6% $290.3M+1.0% $287.4M
Cash & Equivalents $8.3M-50.3% $16.7M+14.4% $14.6M-84.1% $91.6M+5.4% $86.9M+2.4% $84.9M-24.5% $112.5M+24.4% $90.4M
Inventory $32.7M+2.2% $32.0M+0.6% $31.8M+2.6% $31.0M-4.0% $32.3M-3.0% $33.3M-0.6% $33.5M+0.3% $33.4M
Accounts Receivable $110.6M+4.3% $106.0M+3.2% $102.7M+6.0% $96.9M-18.0% $118.1M-2.0% $120.5M-5.1% $127.0M-18.4% $155.7M
Goodwill N/A N/A N/A N/A N/A N/A N/A N/A
Total Liabilities $419.4M+0.6% $416.7M+2.7% $405.7M-13.1% $466.8M-3.0% $481.4M+0.2% $480.6M-4.1% $501.0M+5.1% $476.5M
Current Liabilities $137.2M-1.4% $139.1M+25.0% $111.3M-20.6% $140.1M-7.6% $151.7M+3.0% $147.3M-10.2% $164.1M+7.3% $152.9M
Long-Term Debt $254.7M+0.2% $254.2M-1.0% $256.7M-10.0% $285.1M+0.1% $284.9M+0.1% $284.6M+0.1% $284.3M+0.1% $284.1M
Total Equity -$61.2M-29.7% -$47.2M-77.4% -$26.6M-153.3% -$10.5M-207.1% $9.8M-42.0% $16.9M-56.4% $38.8M-18.8% $47.8M
Retained Earnings -$624.5M-2.3% -$610.2M-3.4% -$590.3M-5.0% -$562.4M-4.2% -$539.6M-1.5% -$531.6M-4.4% -$509.4M-1.8% -$500.2M

KLXE Cash Flow Statement

Metric Q3'25 Q2'25 Q1'25 Q3'24 Q2'24 Q1'24 Q4'23 Q3'23
Operating Cash Flow $13.5M-29.3% $19.1M+150.8% -$37.6M-244.6% $26.0M+17.1% $22.2M+305.6% -$10.8M-128.0% $38.6M+50.8% $25.6M
Capital Expenditures $12.0M-5.5% $12.7M-15.3% $15.0M-2.0% $15.3M0.0% $15.3M+13.3% $13.5M+5.5% $12.8M-28.1% $17.8M
Free Cash Flow $1.5M-76.6% $6.4M+112.2% -$52.6M-591.6% $10.7M+55.1% $6.9M+128.4% -$24.3M-194.2% $25.8M+230.8% $7.8M
Investing Cash Flow -$7.8M+29.7% -$11.1M-8.8% -$10.2M+2.9% -$10.5M+12.5% -$12.0M-17.6% -$10.2M-4.1% -$9.8M+24.6% -$13.0M
Financing Cash Flow -$14.6M-9.0% -$13.4M+36.5% -$21.1M-219.7% -$6.6M+19.5% -$8.2M-24.2% -$6.6M+1.5% -$6.7M-55.8% -$4.3M
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 -$100K $0-100.0% $500K N/A $0

KLXE Financial Ratios

Metric Q3'25 Q2'25 Q1'25 Q3'24 Q2'24 Q1'24 Q4'23 Q3'23
Gross Margin 21.7%+0.7pp 21.0%+1.4pp 19.6%-3.4pp 23.0%-1.5pp 24.5%+7.0pp 17.6%-4.1pp 21.7%-3.0pp 24.7%
Operating Margin -1.8%+3.7pp -5.5%+6.0pp -11.5%-8.5pp -3.0%-3.7pp 0.8%+8.3pp -7.5%-8.5pp 1.0%-6.4pp 7.4%
Net Margin -8.6%+3.9pp -12.5%+5.6pp -18.1%-9.3pp -8.8%-4.4pp -4.4%+8.3pp -12.7%-8.0pp -4.7%-8.2pp 3.5%
Return on Equity N/A N/A N/A N/A N/A N/A N/A 15.9%
Return on Assets -4.0%+1.4pp -5.4%+2.0pp -7.4%-4.2pp -3.2%-1.6pp -1.6%+2.8pp -4.5%-2.8pp -1.7%-3.1pp 1.5%
Current Ratio 1.20-0.0 1.24-0.3 1.51-0.2 1.660.0 1.66-0.1 1.72-0.0 1.77-0.1 1.88
Debt-to-Equity -4.16+1.2 -5.39+4.3 -9.65+17.5 -27.15-56.2 29.07+12.2 16.84+9.5 7.33+1.4 5.94
FCF Margin 0.9%-3.1pp 4.0%+38.2pp -34.2%-40.6pp 6.5%+2.6pp 3.8%+17.7pp -13.9%-27.2pp 13.3%+9.7pp 3.5%

Note: Shareholder equity is negative (-$10.5M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

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Frequently Asked Questions

What is Klx Energy Services Holdings Inc's annual revenue?

Klx Energy Services Holdings Inc (KLXE) reported $709.3M in total revenue for fiscal year 2024. This represents a -20.2% 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 Klx Energy Services Holdings Inc's revenue growing?

Klx Energy Services Holdings Inc (KLXE) revenue declined by 20.2% year-over-year, from $888.4M to $709.3M in fiscal year 2024.

Is Klx Energy Services Holdings Inc profitable?

No, Klx Energy Services Holdings Inc (KLXE) reported a net income of -$53.0M in fiscal year 2024, with a net profit margin of -7.5%.

What is Klx Energy Services Holdings Inc's earnings per share (EPS)?

Klx Energy Services Holdings Inc (KLXE) reported diluted earnings per share of $-3.27 for fiscal year 2024. This represents a -368.0% 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 Klx Energy Services Holdings Inc's EBITDA?

Klx Energy Services Holdings Inc (KLXE) had EBITDA of $78.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Klx Energy Services Holdings Inc have?

As of fiscal year 2024, Klx Energy Services Holdings Inc (KLXE) had $91.6M in cash and equivalents against $285.1M in long-term debt.

What is Klx Energy Services Holdings Inc's gross margin?

Klx Energy Services Holdings Inc (KLXE) had a gross margin of 22.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Klx Energy Services Holdings Inc's operating margin?

Klx Energy Services Holdings Inc (KLXE) had an operating margin of -2.2% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Klx Energy Services Holdings Inc's net profit margin?

Klx Energy Services Holdings Inc (KLXE) had a net profit margin of -7.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Klx Energy Services Holdings Inc's free cash flow?

Klx Energy Services Holdings Inc (KLXE) generated -$10.9M in free cash flow during fiscal year 2024. This represents a -118.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Klx Energy Services Holdings Inc's operating cash flow?

Klx Energy Services Holdings Inc (KLXE) generated $54.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Klx Energy Services Holdings Inc's total assets?

Klx Energy Services Holdings Inc (KLXE) had $456.3M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Klx Energy Services Holdings Inc's capital expenditures?

Klx Energy Services Holdings Inc (KLXE) invested $65.1M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Klx Energy Services Holdings Inc spend on research and development?

Klx Energy Services Holdings Inc (KLXE) invested $1.4M in research and development during fiscal year 2024.

What is Klx Energy Services Holdings Inc's current ratio?

Klx Energy Services Holdings Inc (KLXE) had a current ratio of 1.66 as of fiscal year 2024, which is generally considered healthy.

What is Klx Energy Services Holdings Inc's debt-to-equity ratio?

Klx Energy Services Holdings Inc (KLXE) had a debt-to-equity ratio of -27.15 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Klx Energy Services Holdings Inc's return on assets (ROA)?

Klx Energy Services Holdings Inc (KLXE) had a return on assets of -11.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

Why is Klx Energy Services Holdings Inc's debt-to-equity ratio negative or unusual?

Klx Energy Services Holdings Inc (KLXE) has negative shareholder equity of -$10.5M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Klx Energy Services Holdings Inc's Piotroski F-Score?

Klx Energy Services Holdings Inc (KLXE) has a Piotroski F-Score of 2 out of 9, indicating weak 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 Klx Energy Services Holdings Inc's earnings high quality?

Klx Energy Services Holdings Inc (KLXE) has an earnings quality ratio of -1.02x, considered mixed quality. 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 Klx Energy Services Holdings Inc cover its interest payments?

Klx Energy Services Holdings Inc (KLXE) has an interest coverage ratio of -0.4x, meaning it can struggle to 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 Klx Energy Services Holdings Inc?

Klx Energy Services Holdings Inc (KLXE) scores 12 out of 100 on our Financial Profile, indicating weak 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.