Feed / FTK

Flotek Industries, Inc.

FTK

Energy · 27.38 -0.1% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:55 GMT-4

Market read

Flotek Industries, Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.

Company-0.1% todayVolume comparison unavailable
Market group0 of 1 activeChemical Solutions for Energy · unavailable
Disclosed network0 of 6 confirmingNo filing-linked name is confirming now
What would change this read
  • FTK's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if FTK's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Energy · Oil & Gas Equipment & Services

No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • FTK's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations320
Usable filing statements72
Verified relationships4
Evidence supporting the case
  • Latest annual revenue changed +26.9% year over year.
  • Operating margin changed +3.3 percentage points in the latest annual period.
  • Net margin changed +7.3 percentage points in the latest annual period.
  • Demand and volume has repeated favorable evidence across 3 filings.
  • Energy and commodity prices has repeated favorable evidence across 3 filings.
Evidence challenging the case
  • Diluted shares increased 17.1% in the latest annual period.
  • Operating cash flow was only 0.24x net income in the latest annual period.
Questions before a position
  • P/E is 89% below the available filing-peer median; determine whether growth and quality justify the difference.
  • EV/sales is 165% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 11, 2026

27.38
6m+73.2%12m+125.5%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$39.6M-25.4%$-0.42+7.4%
2022-12-31$136.1M+243.4%$-3.41
2023-12-31$188.1M+38.2%$-0.10
2024-12-31$187.0M-0.5%$0.34+8.9%
2025-12-31$237.3M+26.9%$0.84+17.1%

What management says matters

Persistent and emerging business drivers

Capital investment and capacitypositive · 3 filings
Investing Activities Net cash used in investing activities for the three months ended March 31, 2026 and 2025 was $1.0 million and $0.6 million, respectively, primarily driven by $1.0 million and $0.6 million in capital expenditures for the three months ended…
10-Q · May 7, 2026
Demand and volumepositive · 3 filings
As a result of the continued growth in the exportation of natural gas, as well as the increased utilization of natural gas to generate electricity, we expect the demand for natural gas to continue to increase over the next twelve to twenty-four months.
10-Q · May 7, 2026
Energy and commodity pricespositive · 3 filings
As a result of the continued growth in the exportation of natural gas, as well as the increased utilization of natural gas to generate electricity, we expect the demand for natural gas to continue to increase over the next twelve to twenty-four months.
10-Q · May 7, 2026
Input and raw-material costsmixed · 3 filings
Consolidated cost of sales for the three months ended March 31, 2026 increased $11.6 million, or 27%, versus the same period of 2025, primarily due to increased product sales and increased costs related to PWRtek activity partially offset by decreased freight…
10-Q · May 7, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 4.2× · EV/sales 4.3×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

27.38-0.1% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for FTK. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for FTK. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind FTK

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

ACDCProFrac Holding Corp.supplierMar 16, 2026

Under the OSP Agreement, the Company has committed to purchase and/or rent $12.5 million of equipment from ProFrac to be used for opportunities within the Data Analytics segment, with the costs of such equipment to be offset by the Equipment Credit.

ACDCProFrac Holding Corp.customerMar 16, 2026

Customers of the CT segment include energy-related companies, such as our related party ProFrac Services, LLC (“ProFrac Services”), with whom we have a long-term chemistry supply agreement, as well as industrial companies.

Depended on by

ACDCProFrac Holding Corp.supplierMar 13, 2026

2025 Developments In April 2025, Flotek acquired certain gas conditioning equipment from our Stimulation Services segment for total consideration of $107.5 million and our Stimulation Services segment leased these assets back from Flotek for a six year term.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 5 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

FTK is currently a Leader in the organic co-movement group Chemical Solutions for Energy. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for FTK; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.