Klx Energy Services Holdings Inc Financials
Klx Energy Services Holdings Inc (KLXE) reported $636.6M in revenue for fiscal year 2025, down 10.2% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 10 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).
KLX’s business model is being squeezed by high reinvestment needs and weaker fixed-cost absorption as activity slows.
From FY2023 to FY2025, operating cash flow fell from$115.6M to$7.5M , showing that the recovery year did not create a durable cash engine. With capital spending still at$49.1M in FY2025, the real constraint is cash conversion after reinvestment: the company can produce some operating cash, but not enough to keep its asset base refreshed without shrinking liquidity.
The main earnings deterioration looks like fixed-cost absorption, not a collapse in gross margin: revenue fell from
Cash dropped from
Financial Health Signals
Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Klx Energy Services Holdings Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Klx Energy Services Holdings Inc scores -0.92, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($33.9M) relative to total liabilities ($414.5M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Klx Energy Services Holdings Inc passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
Klx Energy Services Holdings Inc reported a net loss of $77.1M while generating $7.5M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Klx Energy Services Holdings Inc reported an operating loss of $30.3M against $45.2M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Klx Energy Services Holdings Inc generated $636.6M in revenue in fiscal year 2025. This represents a decrease of 10.2% from the prior year.
Klx Energy Services Holdings Inc's EBITDA was $64.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 17.3% from the prior year.
Klx Energy Services Holdings Inc reported -$77.1M in net income in fiscal year 2025. This represents a decrease of 45.5% from the prior year.
Klx Energy Services Holdings Inc earned -$4.12 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 26.0% from the prior year.
Cash & Balance Sheet
Klx Energy Services Holdings Inc recorded an outflow of $41.6M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 281.7% from the prior year.
Klx Energy Services Holdings Inc held $5.7M in cash against $253.9M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Klx Energy Services Holdings Inc's gross margin was 21.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.3 percentage points from the prior year.
Klx Energy Services Holdings Inc's operating margin was -4.8% in fiscal year 2025, reflecting core business profitability. This is down 2.6 percentage points from the prior year.
Klx Energy Services Holdings Inc's net profit margin was -12.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 4.6 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
Klx Energy Services Holdings Inc invested $1.7M in research and development in fiscal year 2025. This represents an increase of 21.4% from the prior year.
Klx Energy Services Holdings Inc invested $49.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 24.6% from the prior year.
Not reported for fiscal year 2025.
KLXE Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $635.6M | $636.6M-10.2% | $709.3M-20.2% | $888.4M+13.7% | $781.6M+79.2% | $436.1M+57.6% | $276.8M-49.1% | $544.0M+9.8% | $495.3M+54.5% | $320.5M+110.6% | $152.2M |
| Cost of Revenue | $502.1M | $501.5M-8.8% | $549.7M-18.3% | $672.5M+8.2% | $621.3M+59.3% | $389.9M+23.9% | $314.8M-33.0% | $470.0M+26.9% | $370.4M+37.6% | $269.1M+48.4% | $181.3M |
| Gross Profit | $133.5M | $135.1M-15.4% | $159.6M-26.1% | $215.9M+34.7% | $160.3M+247.0% | $46.2M+221.6% | -$38.0M-151.4% | $74.0M-40.8% | $124.9M+143.0% | $51.4M+276.6% | -$29.1M |
| R&D Expenses | $1.8M | $1.7M+21.4% | $1.4M0.0% | $1.4M+133.3% | $600K0.0% | $600K-14.3% | $700K-74.1% | $2.7M+12.5% | $2.4M+20.0% | $2.0M+566.7% | $300K |
| SG&A Expenses | $63.3M | $68.5M-13.9% | $79.6M-8.2% | $86.7M+23.2% | $70.4M+28.9% | $54.6M-38.5% | $88.8M-11.2% | $100.0M-0.4% | $100.4M+36.8% | $73.4M+22.1% | $60.1M |
| Operating Income | -$15.1M | -$30.3M-95.5% | -$15.5M-127.2% | $56.9M+75.1% | $32.5M+150.7% | -$64.1M+78.7% | -$301.1M-297.8% | -$75.7M-442.5% | $22.1M+192.1% | -$24.0M+73.2% | -$89.5M |
| Interest Expense | $48.1M | $45.2M+14.7% | $39.4M+7.9% | $36.5M+4.3% | $35.0M | N/A | N/A | $30.4M+294.8% | $7.7M | $0 | $0 |
| Income Tax | -$1.1M | $800K+33.3% | $600K-80.0% | $3.0M+400.0% | $600K+100.0% | $300K-25.0% | $400K+104.7% | -$8.5M-1516.7% | $600K+500.0% | $100K0.0% | $100K |
| Net Income | -$61.7M | -$77.1M-45.5% | -$53.0M-376.0% | $19.2M+719.4% | -$3.1M+96.7% | -$93.8M+71.8% | -$332.2M-244.6% | -$96.4M-769.4% | $14.4M+159.8% | -$24.1M+73.1% | -$89.6M |
| EPS (Diluted) | — | -$4.12-26.0% | -$3.27-368.0% | $1.22+551.9% | -$0.27+97.5% | -$10.83+78.7% | -$50.86 | -$21.61 | $0.71+159.2% | -$1.20+73.1% | -$4.46 |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
KLXE Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $340.3M-25.4% | $456.3M-15.5% | $539.8M+15.9% | $465.9M+20.2% | $387.7M+6.9% | $362.7M-41.8% | $623.4M-7.3% | $672.8M+145.7% | $273.8M+33.6% | $205.0M |
| Current Assets | $149.9M-35.7% | $233.0M-19.7% | $290.3M+14.0% | $254.7M+54.6% | $164.7M+9.3% | $150.7M-34.0% | $228.5M-25.9% | $308.3M+258.1% | $86.1M | N/A |
| Cash & Equivalents | $5.7M-93.8% | $91.6M-18.6% | $112.5M+96.0% | $57.4M+105.0% | $28.0M-40.6% | $47.1M-61.9% | $123.5M-24.6% | $163.8M | $0 | $0 |
| Inventory | $30.7M-1.0% | $31.0M-7.5% | $33.5M+30.4% | $25.7M+14.7% | $22.4M+7.7% | $20.8M+73.3% | $12.0M-22.1% | $15.4M+51.0% | $10.2M | N/A |
| Accounts Receivable | $102.7M+6.0% | $96.9M-23.7% | $127.0M-17.7% | $154.3M+49.5% | $103.2M+54.0% | $67.0M-15.4% | $79.2M-33.8% | $119.6M+61.8% | $73.9M | N/A |
| Goodwill | N/A | N/A | N/A | $0 | $0 | $0-100.0% | $28.3M-34.5% | $43.2M | N/A | N/A |
| Total Liabilities | $414.5M-11.2% | $466.8M-6.8% | $501.0M+4.0% | $481.7M+9.7% | $439.1M+32.8% | $330.6M+6.2% | $311.2M-6.3% | $332.1M+575.0% | $49.2M+82.2% | $27.0M |
| Current Liabilities | $126.2M-9.9% | $140.1M-14.6% | $164.1M+6.3% | $154.4M+25.8% | $122.7M+57.9% | $77.7M+19.9% | $64.8M-23.9% | $85.2M+77.5% | $48.0M | N/A |
| Long-Term Debt | $253.9M-10.9% | $285.1M+0.3% | $284.3M+0.3% | $283.4M+3.1% | $274.8M+12.7% | $243.9M+0.4% | $243.0M+0.3% | $242.2M | N/A | N/A |
| Total Equity | -$74.2M-606.7% | -$10.5M-127.1% | $38.8M+345.6% | -$15.8M+69.3% | -$51.4M-260.1% | $32.1M-89.7% | $312.2M-8.4% | $340.7M+51.7% | $224.6M+26.2% | $178.0M |
| Retained Earnings | -$639.5M-13.7% | -$562.4M-10.4% | -$509.4M+3.6% | -$528.6M-0.6% | -$525.3M-21.3% | -$433.1M-329.2% | -$100.9M-2142.2% | -$4.5M+99.4% | -$801.2M | N/A |
KLXE Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $36.8M | $7.5M-86.2% | $54.2M-53.1% | $115.6M+636.3% | $15.7M+128.2% | -$55.6M+14.3% | -$64.9M-211.7% | $58.1M-6.3% | $62.0M+759.6% | -$9.4M+74.9% | -$37.5M |
| Capital Expenditures | $38.7M | $49.1M-24.6% | $65.1M+14.0% | $57.1M+60.4% | $35.6M+223.6% | $11.0M-9.8% | $12.2M-82.8% | $70.8M-15.7% | $84.0M+70.0% | $49.4M+70.3% | $29.0M |
| Free Cash Flow | -$1.9M | -$41.6M-281.7% | -$10.9M-118.6% | $58.5M+394.0% | -$19.9M+70.1% | -$66.6M+13.6% | -$77.1M-507.1% | -$12.7M+42.3% | -$22.0M+62.6% | -$58.8M+11.6% | -$66.5M |
| Investing Cash Flow | -$36.8M | -$32.9M+35.6% | -$51.1M-28.7% | -$39.7M-112.3% | -$18.7M-515.6% | $4.5M+137.8% | -$11.9M+87.8% | -$97.7M+54.4% | -$214.1M-338.7% | -$48.8M-68.3% | -$29.0M |
| Financing Cash Flow | -$9.4M | -$60.5M-152.1% | -$24.0M-15.4% | -$20.8M-164.2% | $32.4M+1.3% | $32.0M+7900.0% | $400K+157.1% | -$700K-100.2% | $315.9M+442.8% | $58.2M-12.5% | $66.5M |
| Share Buybacks | N/A | N/A | N/A | N/A | $300K0.0% | $300K-25.0% | $400K-66.7% | $1.2M | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
KLXE Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 21.2%-1.3pp | 22.5%-1.8pp | 24.3%+3.8pp | 20.5%+9.9pp | 10.6%+24.3pp | -13.7%-27.3pp | 13.6%-11.6pp | 25.2%+9.2pp | 16.0%+35.2pp | -19.1% |
| Operating Margin | -4.8%-2.6pp | -2.2%-8.6pp | 6.4%+2.2pp | 4.2%+18.9pp | -14.7% | -108.8% | -13.9%-18.4pp | 4.5%+11.9pp | -7.5%+51.3pp | -58.8% |
| Net Margin | -12.1%-4.6pp | -7.5%-9.6pp | 2.2%+2.6pp | -0.4%+21.1pp | -21.5% | -120.0% | -17.7%-20.6pp | 2.9%+10.4pp | -7.5%+51.3pp | -58.9% |
| Return on Equity | N/A | N/A | 49.5% | N/A | N/A | -1034.9%-1004.0pp | -30.9%-35.1pp | 4.2%+15.0pp | -10.7%+39.6pp | -50.3% |
| Return on Assets | -22.7%-11.0pp | -11.6%-15.2pp | 3.6%+4.2pp | -0.7%+23.5pp | -24.2%+67.4pp | -91.6%-76.1pp | -15.5%-17.6pp | 2.1%+10.9pp | -8.8%+34.9pp | -43.7% |
| Current Ratio | 1.19-0.5x | 1.66-0.1x | 1.77+0.1x | 1.65+0.3x | 1.34-0.6x | 1.94-1.6x | 3.53-0.1x | 3.62+1.8x | 1.79 | N/A |
| Debt-to-Equity | N/A | N/A | 7.33 | N/A | N/A | 7.60+6.8x | 0.78+0.1x | 0.71+0.5x | 0.22+0.1x | 0.15 |
| FCF Margin | -6.5%-5.0pp | -1.5%-8.1pp | 6.6%+9.1pp | -2.5%+12.7pp | -15.3%+12.6pp | -27.9%-25.5pp | -2.3%+2.1pp | -4.4%+13.9pp | -18.4%+25.3pp | -43.7% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
Note: Shareholder equity is negative (-$74.2M), 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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Where Klx Energy Services Holdings Inc Ranks
Frequently Asked Questions
What is Klx Energy Services Holdings Inc's annual revenue?
Klx Energy Services Holdings Inc (KLXE) reported $636.6M in total revenue for fiscal year 2025. This represents a -10.2% 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 10.2% year-over-year, from $709.3M to $636.6M in fiscal year 2025.
Is Klx Energy Services Holdings Inc profitable?
No, Klx Energy Services Holdings Inc (KLXE) reported a net income of -$77.1M in fiscal year 2025, with a net profit margin of -12.1%.
What is Klx Energy Services Holdings Inc's EBITDA?
Klx Energy Services Holdings Inc (KLXE) had EBITDA of $64.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Klx Energy Services Holdings Inc have?
As of fiscal year 2025, Klx Energy Services Holdings Inc (KLXE) had $5.7M in cash and equivalents against $253.9M 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 21.2% in fiscal year 2025, 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 -4.8% in fiscal year 2025, 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 -12.1% in fiscal year 2025, 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) recorded an outflow of $41.6M in free cash flow during fiscal year 2025. This represents a -281.7% 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 $7.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Klx Energy Services Holdings Inc's total assets?
Klx Energy Services Holdings Inc (KLXE) had $340.3M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Klx Energy Services Holdings Inc's capital expenditures?
Klx Energy Services Holdings Inc (KLXE) invested $49.1M in capital expenditures during fiscal year 2025, 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 $1.7M in research and development during fiscal year 2025.
What is Klx Energy Services Holdings Inc's current ratio?
Klx Energy Services Holdings Inc (KLXE) had a current ratio of 1.19 as of fiscal year 2025, which is considered adequate.
What is Klx Energy Services Holdings Inc's return on assets (ROA)?
Klx Energy Services Holdings Inc (KLXE) had a return on assets of -22.7% for fiscal year 2025, 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 not reported?
Klx Energy Services Holdings Inc (KLXE) has negative shareholder equity of -$74.2M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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 Altman Z-Score?
Klx Energy Services Holdings Inc (KLXE) has an Altman Z-Score of -0.92, placing it in the Distress Zone (elevated 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 Klx Energy Services Holdings Inc's Piotroski F-Score?
Klx Energy Services Holdings Inc (KLXE) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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) reported a net loss of $77.1M while generating $7.5M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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) reported an operating loss of $30.3M against $45.2M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 18 out of 100 on our Financial Health Score, indicating weak standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.