Mammoth Energy Services, Inc. (TUSK) Stock Price & Analysis
Mammoth Energy Services, Inc. (TUSK) is trading at USD 2.72, down 0.16% today, as of October 23, 2026 at 16:00 UTC (US market open; quotes may be delayed), according to Nexqual market data.
TUSK last closed at USD 2.72; today's session has ranged USD 2.66–2.73 on volume of 44,460 shares. Market capitalization is $130.70M, with a 52-week range of USD 1.72–3.92 (NMS). Source: Nexqual, retrieved October 23, 2026 at 16:03 UTC.
Also available as compact Markdown for AI agents: nexqual.com/TUSK.md
Key facts (TUSK)
- Last four reported quarters (through Jun 30, 2026): revenue $60.4M, net income $713K (1.2% margin), free cash flow -$118M (SEC filings).
- Valuation: P/E 183.3x (avg 19.4x at the last 1 fiscal year-ends).
- Insider open-market purchases, last ~7 months: 4 Form 4 filings, $10.5M; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: None.
- Total return with dividends: 1Y +25.1% vs S&P 500 +14.8%; 5Y -20.8% vs S&P 500 +77.6%.
- Next earnings: 2026-10-30, EPS estimate USD —, revenue estimate $0K.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (TUSK)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $229M | $362M | $309M | $45.6M | $44.3M | $60.4M |
| Gross profit | $30.6M | $83.5M | $61.7M | — | — | — |
| Operating income | -$123M | -$16.4M | -$16.7M | -$120M | -$57.4M | -$18.8M |
| Net income | -$101M | -$619K | -$3.2M | -$207M | $4.6M | $713K |
| EPS (diluted) | -$2.18 | -$0.01 | -$0.07 | -$4.31 | $0.10 | — |
| Free cash flow | -$24.7M | $2.5M | $12.0M | $180M | -$89.1M | -$118M |
| Gross margin | 13.4% | 23.1% | 19.9% | — | — | — |
| Operating margin | -53.7% | -4.5% | -5.4% | -263.9% | -129.7% | -31.1% |
| Net margin | -44.3% | -0.2% | -1.0% | -454.7% | 10.4% | 1.2% |
| Revenue growth | -26.9% | +58.1% | -14.5% | -85.3% | -2.9% | — |
| Cash + short-term investments | $11.7M | $17.3M | — | $60.8M | $122M | — |
| Total debt | $86.7M | $83.5M | $42.8M | $0K | — | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (TUSK)
P/E 183.3x · P/S 2.2x · P/B 0.5x · FCF yield -90.03% · Earnings yield 0.55%
P/E at fiscal year-ends: Dec 2025 19.4x.
Insider purchases (SEC Form 4, open-market, last ~7 months) (TUSK)
4 purchases, $10.5M. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-09-16 | Plaumann Mark Lawrence | Director | 5,000 | $15K | 3 | Too little history (no open-market trades in 2023–2025) |
| 2026-06-17 | Wexford Capital Lp | Chief Business Officer | 4,019,574 | $10.5M | 2.6 | Too little history (no open-market trades in 2023–2025) |
| 2026-06-11…2026-06-12 | Amron Arthur H | Director | 4,500 | $15K | 3.25 | Too little history (no open-market trades in 2023) |
| 2026-05-26…2026-05-28 | Amron Arthur H | Director | 5,500 | $18K | 3.25 | Too little history (no open-market trades in 2023) |
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (TUSK)
Consensus None.
Total return (dividends reinvested) (TUSK)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | +25.1% | -20.8% |
| S&P 500 (SPY) | +14.8% | +77.6% |
| Per year | +25.2% | -4.6% |
| Volatility (annualized) | 70.2% | 69.4% |
| Max drawdown | -34.0% (Jun 2026→Jul 2026) | -79.5% (Dec 2022→Dec 2025) |
TUSK revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Rentals | $10.1M | 38.8% | +228.6% |
| Sand | $8.0M | 30.6% | +48.3% |
| Drilling | $3.8M | 14.7% | +414.4% |
| Accommodations | $3.2M | 12.3% | +81.2% |
| Infrastructure | $940,000 | 3.6% | -32.3% |
| Total revenue | $26.1M | 100% | — |
TUSK revenue by region (fiscal year ended Dec 31, 2025)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $27.5M | 62.1% | +16.8% |
| Canada | $16.7M | 37.7% | -24.2% |
| Other Geographic | $76,000 | 0.2% | +375.0% |
| Total revenue | $44.3M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
TUSK suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Oklahoma | “We serve these markets through our facilities and service centers that are strategically located to serve our customers in Ohio, Texas, Oklahoma, Wisconsin and Alberta, Canada.” |
| Partner | Source Energy Services | “For the years ended December 31, 2025 and 2024, we had approximately 142 and 151 customers, respectively, including Source Energy Services Proppants, Hangingstone Demo Limited Partnership, Ascent Resources, Vero Fiber Networks and 24/7 Sands LLC.” |
| Partner | Hangingstone Demo | “For the years ended December 31, 2025 and 2024, we had approximately 142 and 151 customers, respectively, including Source Energy Services Proppants, Hangingstone Demo Limited Partnership, Ascent Resources, Vero Fiber Networks and 24/7 Sands LLC.” |
| Partner | Sands | “For the years ended December 31, 2025 and 2024, we had approximately 142 and 151 customers, respectively, including Source Energy Services Proppants, Hangingstone Demo Limited Partnership, Ascent Resources, Vero Fiber Networks and 24/7 Sands LLC.” |
| Partner | Cobra Acquisitions | “Our primary sources of liquidity have been cash on hand, borrowings under our revolving credit facility and cash flows from operations, as well as the net proceeds received by Cobra under the assignment agreement with SPCP Group relating to the PREPA receivable.” |
| Partner | SPCP Group | “Our primary sources of liquidity have been cash on hand, borrowings under our revolving credit facility and cash flows from operations, as well as the net proceeds received by Cobra under the assignment agreement with SPCP Group relating to the PREPA receivable.” |
Quoted from the company's 10-K filed Mar 6, 2026.
TUSK customer concentration
In the period ended Jun 30, 2026, 7 direct customers each accounted for at least 10% (18%, 11%, 8%, 6%, 3%, 0%, 0%) of revenue, per the company's 10-Q filed Aug 7, 2026. The company does not name them.
TUSK company outlook (results filed Aug 7, 2026)
- “Outlook: • Revenue growth expected to exceed 90% • Adjusted EBITDA margin expected to exceed 10% Financial Overview for the Second Quarter 2026: Total revenue from continuing operations was $26.1 million for the second quarter of 2026 compared to $12.4 million for the second quarter of 2025 and $22.0 million for the first quarter of 2026.”
Quoted word-for-word from the SEC 8-K results press release.
TUSK analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter | — | — | — | $0 | — |
| Next quarter | — | — | — | $0 | — |
| Current fiscal year | — | — | — | $0 | — |
| Next fiscal year | — | — | — | $0 | — |
Key Statistics (as of October 23, 2026 at 16:03 UTC)
| Price | USD 2.72 |
|---|---|
| Change | ▼ 0.16% (down) |
| Previous Close | USD 2.72 |
| Open | USD 2.73 |
| Day Range | USD 2.66 – 2.73 |
| 52-Week Range | USD 1.72 – 3.92 |
| Volume | 44,460 shares |
| Market Cap | $130.70M |
| Exchange | NMS |
Technical Analysis (TUSK)
Nexqual's technical model rates TUSK "STRONG SELL" based on 0 bullish and 5 bearish signals across 128 daily candles, as of October 23, 2026 at 16:03 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 35.58 (neutral) |
| vs SMA50 | Below (USD 2.98) |
| MACD | -0.08 (negative) |
Analyst Ratings (TUSK)
Wall Street analysts rate TUSK "None", per Nexqual as of October 23, 2026 at 16:03 UTC.
| Consensus Rating | None |
|---|
Earnings (TUSK)
| Next Earnings Date | 2026-10-30 |
|---|
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2023-03-31 | USD 0.17 vs est -0.06 ▲ beat |
Source: Nexqual, October 23, 2026 at 16:03 UTC.
Financials & Fundamentals (TUSK)
| Total Revenue | $68.39M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +110.90% |
| Gross Margin | +16.51% |
| Operating Margin | -7.73% |
| Profit Margin | +1.04% |
| ROE | -8.20% |
| Debt / Equity | 0.02 |
| Current Ratio | 1.93 |
| Total Cash | $77.02M |
| Total Debt | $5.01M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | -$117.67M (-194.9% of revenue) |
Source: Nexqual, October 23, 2026 at 16:03 UTC.
Financial Health Score (TUSK)
Nexqual rates Mammoth Energy Services, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 16:03 UTC.
| Growth | Strong — Revenue +16% YoY (annual) |
|---|---|
| Profitability | Weak — Gross margin 17%, operating -8% (last 12 months) |
| Balance Sheet | Strong — $77M cash vs $5M debt, net cash position |
| Cash Flow | Weak — FCF negative: -$118M (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Critical — ROE -8%, ROA -3.6% |
Ownership (TUSK)
| Insider Ownership | +15.78% |
|---|---|
| Institutional Ownership | +53.88% |
| Shares Outstanding | 48.13M |
| Float | 36.01M |
| Short % of Float | +0.44% |
Source: Nexqual, October 23, 2026 at 16:03 UTC.
Leadership (TUSK)
Mammoth Energy Services, Inc. is led by Bernard Lancaster, COO & Principal Executive Officer, per Nexqual as of October 23, 2026 at 16:03 UTC.
| COO & Principal Executive Officer | Bernard Lancaster |
|---|---|
| CFO & Company Secretary | Mark Layton |
| Chief Business Officer & Director | Paul Michael Jacobi |
Major Backers & Investors (TUSK)
Notable institutional backers of Mammoth Energy Services, Inc. include Wexford Capital LP, Adage Capital Partners GP L.L.C., Peapod Lane Capital LLC , according to Nexqual as of October 23, 2026 at 16:03 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Wexford Capital LP | 25.08% |
| Adage Capital Partners GP L.L.C. | 9.51% |
| Peapod Lane Capital LLC | 1.58% |
| Jane Street Group, LLC | 1.05% |
| Citadel | 0.94% |
| Marshall Wace LLP | 0.82% |
| Johns Hopkins University | 0.8% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 2.2% |
| Dimensional Fund Advisors | 1.44% |
| BlackRock | 0.85% |
Source: Nexqual, October 23, 2026 at 16:03 UTC.
From Mammoth Energy Services, Inc.'s Latest SEC 10-K Filing (filed 2026-03-06)
Key Strengths & Strategy (as disclosed to the SEC)
- As a result of the Settlement Agreement, the Company recorded a non-cash, pre-tax charge of approximately $170.7 million in the second quarter of 2024 to reduce its accounts receivable balance from PREPA of $359.1 million, representing the amount owed to Cobra by PREPA in relation to these agreements as of June 30, 2024, including the accrued but unpaid interest, prior to the Settlement Agreement, to the amount expected to be received from the Settlement Agreement.
- For the years ended December 31, 2025 and 2024, we had approximately 142 and 151 customers, respectively, including Source Energy Services Proppants, Hangingstone Demo Limited Partnership, Ascent Resources, Vero Fiber Networks and 24/7 Sands LLC.
- On April 11, 2025, we sold a portion of our infrastructure services entities, including our distribution, transmission and substation operations, for aggregate proceeds of approximately $108.7 million, subject to customary post-closing adjustments.
- Our infrastructure services division provides engineering, design, construction, upgrade, maintenance and repair services to the fiber industry.
Partnerships
- On October 1, 2024, Cobra received the first installment payment of $150.0 million from the Commonwealth of Puerto Rico in connection with the Settlement Agreement with PREPA.
- On July 22, 2024, Cobra entered into a release and settlement agreement with PREPA and the Financial Oversight and Management Board for Puerto Rico ("FOMB"), in its capacity as Title III representative for PREPA, to settle all outstanding matters between Cobra and PREPA (the "Settlement Agreement").
Legal & Regulatory Risks (Item 1A, quoted)
- Our failure to receive payment for contract change orders or adequately recover on claims brought by us against customers related to payment terms and costs could materially and adversely affect our financial position, results of operations and cash flows.
- The nature of our infrastructure services business exposes us to potential liability for warranty claims and faulty engineering, which may reduce our profitability.
- We are subject to extensive environmental, health and safety laws and regulations that may subject us to substantial liability or require us to take actions that will adversely affect our results of operations.
- Increasing trucking regulations may increase our costs and negatively impact our results of operations.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
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|---|---|---|---|
| VMI | Valmont Industries, Inc. | USD 436.07 | ▲ 0.05% |
| HON | Honeywell International Inc. | USD 219.23 | ▲ 0.42% |
| MMM | 3M Company | USD 173.66 | ▼ 1.08% |
| NSC | Norfolk Southern Corporation | USD 331.75 | ▼ 1.92% |
| HWM | Howmet Aerospace Inc. | USD 186.09 | ▼ 3.73% |
| NOC | Northrop Grumman Corporation | USD 546.27 | ▼ 1.1% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 16:03 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt