# Flotek Industries, Inc. (FTK)

> Source: Nexqual · https://nexqual.com/FTK · data as of 2026-10-15 20:00 UTC · cite as "Nexqual, Flotek Industries, Inc. (FTK), nexqual.com/FTK" · informational, not investment advice.

**Price:** USD 24.73 (-0.40% on the day) · last close of Oct 15, 2026; US market closed, not a live price. Prev close 24.83 · day 23.56–24.78 · 52w 13.19–39.67 · market cap $896M · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $293M, net income $38.0M (13.0% margin) (SEC filings).
- Valuation: P/E 23.6x (avg 17.6x at the last 3 fiscal year-ends), EV/EBITDA 23.2x, net debt $35.6M.
- 2 of 80 tracked superinvestors hold FTK (13F, Q2 2026): 1 new, 1 added, 0 reduced, 0 unchanged.
- Analysts: Buy (mean 2.00 on a 1–5 scale) (6 analysts), mean target USD 38.92 (range 32–44).
- Total return with dividends: 1Y +63.2% vs S&P 500 +18.1%; 5Y +281.6% vs S&P 500 +85.1%.
- Next earnings: 2026-11-03, EPS estimate USD 0.21, revenue estimate $95.8M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $43.3M | $136M | $188M | $187M | $237M | $293M |
| Gross profit | $3.3M | -$6.7M | $24.3M | $39.4M | $59.8M | — |
| Operating income | -$31.5M | -$35.4M | $23.2M | $12.2M | $23.2M | $37.6M |
| Net income | -$30.5M | -$42.3M | $24.7M | $10.5M | $30.5M | $38.0M |
| EPS (diluted) | -$2.52 | -$3.41 | -$0.10 | $0.34 | $0.84 | — |
| Free cash flow | -$25.9M | -$45.1M | — | — | — | — |
| Gross margin | 7.5% | -4.9% | 12.9% | 21.1% | 25.2% | — |
| Operating margin | -72.7% | -26.0% | 12.3% | 6.5% | 9.8% | 12.8% |
| Net margin | -70.6% | -31.1% | 13.1% | 5.6% | 12.9% | 13.0% |
| Revenue growth | -18.6% | +214.5% | +38.2% | -0.5% | +26.9% | — |
| Cash + short-term investments | $11.5M | $12.3M | $5.9M | $4.4M | $5.7M | — |
| Total debt | $4.8M | $2.7M | $60K | $0K | $40.0M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 23.6x · P/S 3.1x · EV/EBITDA 23.2x · EV/Sales 3.2x · P/B 6.9x · Earnings yield 4.24% · Net debt $35.6M · EV $931M
P/E at fiscal year-ends: Dec 2025 20.4x, Dec 2024 28.0x, Dec 2023 4.5x.

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold FTK. Change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Polen Capital | Polen Capital Management | 0.04% | $4.6M | Added +607.3% |
| First Eagle Investment | First Eagle Investment Management | 0.01% | $6.9M | New position |

## Analysts
Consensus Buy (mean 2.00 on a 1–5 scale), 6 analysts; mean target USD 38.92 (low 32, high 44).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-15 | Lake Street | Target raised | Buy | $40 → $44 |
| 2026-07-09 | Jones Trading | Initiated | Buy | $40 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-16) | 5Y (from 2021-10-11) |
|---|---|---|
| Total return | +63.2% | +281.6% |
| S&P 500 (SPY) | +18.1% | +85.1% |
| Per year | +63.5% | +30.6% |
| Volatility (annualized) | 76.9% | 86.1% |
| Max drawdown | -41.3% (Aug 2026→Sep 2026) | -71.3% (Feb 2022→Mar 2024) |

## Peers (Oil & Gas Equipment & Services)
FET (Forum Energy Technologies, Inc.) USD 77.11 -9.33% · PUMP (ProPetro Holding Corp.) USD 7.94 -9.88% · VTOL (Bristow Group, Inc.) USD 37.88 -8.26% · AESI (Atlas Energy Solutions Inc.) USD 10.31 -13.00% · RES (RPC, Inc.) USD 5.92 -2.47% · NEXT (NextDecade Corporation) USD 6.01 -11.62%

## More
Full page: https://nexqual.com/FTK · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt