Mammoth Energy Svcs Inc Financials

TUSK

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

This page shows Mammoth Energy Svcs Inc (TUSK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 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).

Financial Health Signals

Financial Profile 49/100

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

Profitability

Mammoth Energy Svcs Inc has an operating margin of -68.5%, meaning the company retains $-68 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 -5.4% the prior year.

Growth

Mammoth Energy Svcs Inc's revenue declined 39.3% year-over-year, from $309.5M to $187.9M. This contraction results in a growth score of 0/100.

Leverage

100

Mammoth Energy Svcs Inc 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

Mammoth Energy Svcs Inc's current ratio of 1.65 indicates adequate short-term liquidity, earning a score of 46/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

100

Mammoth Energy Svcs Inc converts 87.1% of revenue into free cash flow ($163.7M). This strong cash generation earns a score of 100/100.

Piotroski F-Score Neutral

4/9

Mammoth Energy Svcs Inc passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

-0.87x

For every $1 of reported earnings, Mammoth Energy Svcs Inc generates $-0.87 in operating cash flow ($180.7M OCF vs -$207.3M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-5.1x

Mammoth Energy Svcs Inc earns $-5.1 in operating income for every $1 of interest expense (-$128.7M vs $25.2M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Revenue

$187.9M

YoY-39.3%

5Y CAGR-21.4%

10Y CAGR-3.8%

Mammoth Energy Svcs Inc generated $187.9M in revenue in fiscal year 2024. This represents a decrease of 39.3% from the prior year.

EBITDA

-$103.3M

YoY-481.9%

Mammoth Energy Svcs Inc's EBITDA was -$103.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 481.9% from the prior year.

Free Cash Flow

$163.7M

YoY+1264.8%

Mammoth Energy Svcs Inc generated $163.7M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 1264.8% from the prior year.

Net Income

-$207.3M

YoY-6454.7%

Mammoth Energy Svcs Inc reported -$207.3M in net income in fiscal year 2024. This represents a decrease of 6454.7% from the prior year.

EPS (Diluted)

$-4.31

YoY-6057.1%

Mammoth Energy Svcs Inc earned $-4.31 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 6057.1% from the prior year.

Cash & Debt

$60.8M

YoY+267.5%

5Y CAGR+59.6%

10Y CAGR+13.5%

Mammoth Energy Svcs Inc held $60.8M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

48M

YoY+0.4%

5Y CAGR+1.3%

Mammoth Energy Svcs Inc had 48M shares outstanding in fiscal year 2024. This represents an increase of 0.4% from the prior year.

Gross Margin

N/A

Operating Margin

-68.5%

YoY-63.1pp

5Y CAGR-47.9pp

10Y CAGR-76.6pp

Mammoth Energy Svcs Inc's operating margin was -68.5% in fiscal year 2024, reflecting core business profitability. This is down 63.1 percentage points from the prior year.

Net Margin

-110.3%

YoY-109.3pp

5Y CAGR-97.7pp

10Y CAGR-111.9pp

Mammoth Energy Svcs Inc's net profit margin was -110.3% in fiscal year 2024, showing the share of revenue converted to profit. This is down 109.3 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$17.1M

YoY-12.0%

Mammoth Energy Svcs Inc invested $17.1M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 12.0% from the prior year.

TUSK Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$187.9M-39.3%	$309.5M-14.5%	$362.1M+58.1%	$229.0M-26.9%	$313.1M-49.9%	$625.0M
Cost of Revenue	N/A	$247.8M-11.0%	$278.6M+40.5%	$198.3M-14.5%	$232.0M-57.3%	$543.8M
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$124.8M+233.2%	$37.5M-5.3%	$39.6M-49.2%	$77.9M+17.2%	$66.4M+33.6%	$49.7M
Operating Income	-$128.7M-671.4%	-$16.7M-1.6%	-$16.4M+86.7%	-$123.0M+17.2%	-$148.7M-15.8%	-$128.4M
Interest Expense	$25.2M+55.6%	$16.2M+40.8%	$11.5M+79.6%	$6.4M+18.7%	$5.4M+8.9%	$5.0M
Income Tax	-$11.2M-191.1%	$12.3M-9.6%	$13.6M+159.5%	-$22.9M-87.9%	-$12.2M-0.7%	-$12.1M
Net Income	-$207.3M-6454.7%	-$3.2M-411.0%	-$619K+99.4%	-$101.4M+5.7%	-$107.6M-36.1%	-$79.0M
EPS (Diluted)	$-4.31-6057.1%	$-0.07-600.0%	$-0.01+99.5%	$-2.18+7.6%	$-2.36-34.1%	$-1.76

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$14.8M-9.8%	$16.4M-73.7%	$62.5M-44.1%	$111.7M+597.1%	$16.0M-62.9%	$43.2M-18.2%	$52.8M-18.7%	$65.0M
Cost of Revenue	N/A	N/A	N/A	$38.0M-13.4%	$43.8M+8.0%	$40.6M-11.3%	$45.8M-13.3%	$52.8M
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$5.2M-3.4%	$5.3M-18.4%	$6.5M-53.2%	$14.0M-85.3%	$95.3M+985.0%	$8.8M+5.7%	$8.3M-20.2%	$10.4M
Operating Income	-$9.0M+75.2%	-$36.4M-7251.1%	$509K+103.5%	-$14.6M+84.8%	-$96.0M-697.8%	-$12.0M-76.5%	-$6.8M+23.1%	-$8.9M
Interest Expense	N/A	N/A	N/A	$4.8M+89.5%	$2.5M-68.9%	$8.1M+19.5%	$6.8M+136.8%	$2.9M
Income Tax	$2.1M+329.1%	-$934K-208.6%	$860K-42.6%	$1.5M+110.0%	-$15.1M-943.4%	$1.8M-45.8%	$3.3M-4.2%	$3.4M
Net Income	-$12.6M-242.6%	$8.8M+1747.7%	-$537K+96.5%	-$15.5M+90.1%	-$156.0M-1220.7%	-$11.8M-98.3%	-$6.0M-447.4%	-$1.1M
EPS (Diluted)	$-0.26-244.4%	$0.18+1900.0%	$-0.01+96.8%	$-0.31+90.5%	$-3.25-1200.0%	$-0.25-92.3%	$-0.13-550.0%	$-0.02

TUSK Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$384.0M-45.0%	$698.5M-3.6%	$724.7M+0.5%	$720.9M-12.6%	$824.6M-13.4%	$952.4M
Current Assets	$188.6M-62.0%	$496.9M0.0%	$496.7M+12.7%	$440.8M-5.2%	$464.7M+14.2%	$407.0M
Cash & Equivalents	$60.8M+267.5%	$16.6M-4.2%	$17.3M+74.6%	$9.9M-33.2%	$14.8M+152.4%	$5.9M
Inventory	$6.8M-45.9%	$12.7M+42.4%	$8.9M+6.2%	$8.4M-30.4%	$12.0M-31.2%	$17.5M
Accounts Receivable	$43.8M-90.2%	$447.2M-2.0%	$456.5M+12.0%	$407.6M+3.7%	$393.1M+8.3%	$363.1M
Goodwill	$9.2M0.0%	$9.2M-21.4%	$11.7M0.0%	$11.7M-7.1%	$12.6M-81.3%	$67.6M
Total Liabilities	$131.2M-45.0%	$238.4M-9.0%	$262.1M+1.7%	$257.7M-1.4%	$261.2M-7.9%	$283.6M
Current Liabilities	$114.5M-37.3%	$182.6M-23.0%	$237.2M+57.9%	$150.2M+16.8%	$128.6M-1.4%	$130.4M
Long-Term Debt	$0-100.0%	$42.8M	$0-100.0%	$85.2M+4.8%	$81.3M+1.7%	$80.0M
Total Equity	$252.8M-45.1%	$460.1M-0.5%	$462.6M-0.1%	$463.2M-17.8%	$563.3M-15.8%	$668.7M
Retained Earnings	-$283.6M-271.7%	-$76.3M-4.3%	-$73.2M-0.9%	-$72.5M-351.0%	$28.9M-78.8%	$136.5M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$336.8M-7.5%	$364.2M-2.7%	$374.4M-2.5%	$384.0M-15.7%	$455.5M-27.5%	$628.1M-10.1%	$698.5M+1.8%	$686.0M
Current Assets	$199.0M-17.1%	$240.1M+28.7%	$186.6M-1.1%	$188.6M-29.0%	$265.5M-38.8%	$433.9M-12.7%	$496.9M+3.0%	$482.3M
Cash & Equivalents	$98.2M-22.9%	$127.3M+124.6%	$56.6M-6.9%	$60.8M+492.7%	$10.3M-53.4%	$22.0M+33.0%	$16.6M+57.3%	$10.5M
Inventory	$4.3M+23.2%	$3.5M-79.0%	$16.5M+141.2%	$6.8M-44.7%	$12.4M-3.4%	$12.8M+1.3%	$12.7M+7.4%	$11.8M
Accounts Receivable	$41.9M-6.5%	$44.8M-41.3%	$76.3M+74.4%	$43.8M-81.4%	$235.8M-39.5%	$389.5M-12.9%	$447.2M	N/A
Goodwill	N/A	N/A	$9.2M0.0%	$9.2M0.0%	$9.2M0.0%	$9.2M0.0%	$9.2M0.0%	$9.2M
Total Liabilities	$87.5M-14.3%	$102.2M-16.2%	$121.8M-7.1%	$131.2M-19.6%	$163.1M-9.3%	$179.8M-24.6%	$238.4M+8.2%	$220.4M
Current Liabilities	$80.2M-16.6%	$96.1M-8.5%	$105.0M-8.3%	$114.5M+10.9%	$103.3M-16.3%	$123.3M-32.4%	$182.6M+37.9%	$132.4M
Long-Term Debt	N/A	N/A	N/A	$0-100.0%	$47.3M+3.6%	$45.6M+6.6%	$42.8M-38.0%	$69.0M
Total Equity	$249.2M-4.9%	$262.0M+3.8%	$252.5M-0.1%	$252.8M-13.5%	$292.4M-34.8%	$448.3M-2.6%	$460.1M-1.2%	$465.6M
Retained Earnings	-$287.9M-4.6%	-$275.3M+3.1%	-$284.2M-0.2%	-$283.6M-16.2%	-$244.1M-177.0%	-$88.1M-15.5%	-$76.3M-8.5%	-$70.4M

TUSK Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$180.7M+475.8%	$31.4M+105.6%	$15.3M+180.9%	-$18.9M-370.8%	$7.0M+107.3%	-$95.3M
Capital Expenditures	$17.1M-12.0%	$19.4M+52.3%	$12.7M+118.0%	$5.8M	N/A	N/A
Free Cash Flow	$163.7M+1264.8%	$12.0M+374.1%	$2.5M+110.2%	-$24.7M	N/A	N/A
Investing Cash Flow	-$10.4M-18.7%	-$8.8M-313.7%	-$2.1M-138.6%	$5.5M+340.0%	-$2.3M+93.1%	-$33.2M
Financing Cash Flow	-$112.1M-619.3%	-$15.6M-178.3%	-$5.6M-166.5%	$8.4M+97.6%	$4.3M-93.6%	$66.7M
Dividends Paid	N/A	N/A	N/A	$0	$0-100.0%	$11.2M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$730K+105.8%	-$12.5M-562.0%	$2.7M-98.1%	$141.4M+2173.2%	-$6.8M-114.4%	$47.3M+635.8%	$6.4M+184.0%	-$7.7M
Capital Expenditures	$17.3M-13.9%	$20.1M+177.9%	$7.2M-33.7%	$10.9M+435.9%	-$3.2M-178.2%	$4.2M+0.5%	$4.1M-12.6%	$4.7M
Free Cash Flow	-$16.6M+49.2%	-$32.6M-621.6%	-$4.5M-103.5%	$130.5M+1396.6%	-$10.1M-123.3%	$43.2M+1774.1%	$2.3M+118.6%	-$12.4M
Investing Cash Flow	-$30.3M-133.0%	$91.9M+3169.1%	-$3.0M+33.7%	-$4.5M-31.9%	-$3.4M-210.3%	-$1.1M-0.1%	-$1.1M-153.8%	$2.0M
Financing Cash Flow	-$121K+60.1%	-$303K+92.0%	-$3.8M+93.7%	-$60.6M-3944.7%	-$1.5M+96.9%	-$48.5M-676.8%	$8.4M+14.7%	$7.3M
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	N/A	N/A	N/A	N/A	N/A

TUSK Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-68.5%-63.1pp	-5.4%-0.9pp	-4.5%+49.2pp	-53.7%-6.3pp	-47.5%-26.9pp	-20.5%
Net Margin	-110.3%-109.3pp	-1.0%-0.9pp	-0.2%+44.1pp	-44.3%-9.9pp	-34.4%-21.7pp	-12.7%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-54.0%-53.5pp	-0.4%-0.4pp	-0.1%+14.0pp	-14.1%-1.0pp	-13.1%-4.8pp	-8.3%
Current Ratio	1.65-1.1	2.72+0.6	2.09-0.8	2.93-0.7	3.61+0.5	3.12
Debt-to-Equity	0.00-0.1	0.09+0.1	0.00-0.2	0.18+0.0	0.14+0.0	0.12
FCF Margin	87.1%+83.2pp	3.9%+3.2pp	0.7%+11.5pp	-10.8%	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-60.9%+160.9pp	-221.8%-222.6pp	0.8%+13.8pp	-13.0%+586.1pp	-599.2%-571.3pp	-27.9%-14.9pp	-12.9%+0.7pp	-13.6%
Net Margin	-85.2%-139.2pp	53.9%+54.8pp	-0.9%+13.0pp	-13.9%+959.9pp	-973.7%-946.4pp	-27.4%-16.1pp	-11.3%-9.6pp	-1.7%
Return on Equity	N/A	3.4%	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-3.8%-6.2pp	2.4%+2.6pp	-0.1%+3.9pp	-4.0%+30.2pp	-34.3%-32.4pp	-1.9%-1.0pp	-0.9%-0.7pp	-0.2%
Current Ratio	2.48-0.0	2.50+0.7	1.78+0.1	1.65-0.9	2.57-0.9	3.52+0.8	2.72-0.9	3.64
Debt-to-Equity	0.35-0.0	0.39-0.1	0.48+0.5	0.00-0.2	0.16+0.1	0.100.0	0.09-0.1	0.15
FCF Margin	-111.9%+86.8pp	-198.8%-191.5pp	-7.2%-124.1pp	116.9%+179.7pp	-62.8%-162.8pp	100.0%+95.7pp	4.4%+23.4pp	-19.1%

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Frequently Asked Questions

What is Mammoth Energy Svcs Inc's annual revenue?

Mammoth Energy Svcs Inc (TUSK) reported $187.9M in total revenue for fiscal year 2024. This represents a -39.3% 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 Mammoth Energy Svcs Inc's revenue growing?

Mammoth Energy Svcs Inc (TUSK) revenue declined by 39.3% year-over-year, from $309.5M to $187.9M in fiscal year 2024.

Is Mammoth Energy Svcs Inc profitable?

No, Mammoth Energy Svcs Inc (TUSK) reported a net income of -$207.3M in fiscal year 2024, with a net profit margin of -110.3%.

What is Mammoth Energy Svcs Inc's earnings per share (EPS)?

Mammoth Energy Svcs Inc (TUSK) reported diluted earnings per share of $-4.31 for fiscal year 2024. This represents a -6057.1% 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 Mammoth Energy Svcs Inc's EBITDA?

Mammoth Energy Svcs Inc (TUSK) had EBITDA of -$103.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Mammoth Energy Svcs Inc have?

As of fiscal year 2024, Mammoth Energy Svcs Inc (TUSK) had $60.8M in cash and equivalents against $0 in long-term debt.

What is Mammoth Energy Svcs Inc's operating margin?

Mammoth Energy Svcs Inc (TUSK) had an operating margin of -68.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Mammoth Energy Svcs Inc's net profit margin?

Mammoth Energy Svcs Inc (TUSK) had a net profit margin of -110.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Mammoth Energy Svcs Inc's free cash flow?

Mammoth Energy Svcs Inc (TUSK) generated $163.7M in free cash flow during fiscal year 2024. This represents a 1264.8% 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 Mammoth Energy Svcs Inc's operating cash flow?

Mammoth Energy Svcs Inc (TUSK) generated $180.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Mammoth Energy Svcs Inc's total assets?

Mammoth Energy Svcs Inc (TUSK) had $384.0M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Mammoth Energy Svcs Inc's capital expenditures?

Mammoth Energy Svcs Inc (TUSK) invested $17.1M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Mammoth Energy Svcs Inc have outstanding?

Mammoth Energy Svcs Inc (TUSK) had 48M shares outstanding as of fiscal year 2024.

What is Mammoth Energy Svcs Inc's current ratio?

Mammoth Energy Svcs Inc (TUSK) had a current ratio of 1.65 as of fiscal year 2024, which is generally considered healthy.

What is Mammoth Energy Svcs Inc's debt-to-equity ratio?

Mammoth Energy Svcs Inc (TUSK) 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 Mammoth Energy Svcs Inc's return on assets (ROA)?

Mammoth Energy Svcs Inc (TUSK) had a return on assets of -54.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Mammoth Energy Svcs Inc's Piotroski F-Score?

Mammoth Energy Svcs Inc (TUSK) has a Piotroski F-Score of 4 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 Mammoth Energy Svcs Inc's earnings high quality?

Mammoth Energy Svcs Inc (TUSK) has an earnings quality ratio of -0.87x, 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 Mammoth Energy Svcs Inc cover its interest payments?

Mammoth Energy Svcs Inc (TUSK) has an interest coverage ratio of -5.1x, 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 Mammoth Energy Svcs Inc?

Mammoth Energy Svcs Inc (TUSK) scores 49 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.