Flotek AI Stock Analysis
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Flotek (FTK) AI Stock Analysis
Flotek
(NYSE:FTK)
FTK’s score is supported most by a very strong, guidance-raising earnings call and improved profitability versus prior periods. Offsetting this, financial quality is constrained by negative TTM operating and free cash flow despite positive earnings, and technical indicators show weaker near-term momentum. Valuation is moderately challenging with a ~28.8 P/E and no dividend yield provided.
Flotek Key Performance Indicators (KPIs)
Revenue by SegmentBreaks down sales by business line, showing which products or services drive growth and how concentrated the company’s revenue is. For Flotek, segment-level revenue can reveal dependence on oilfield chemistry or service lines that move with drilling activity, helping you judge where growth or vulnerability is coming from.
Flotek is mid‑pivot: high‑margin Data Analytics is growing rapidly and becoming the company’s profit engine while Chemistry Technologies remains larger but far more volatile and recently softened. Management is banking on analytics backlog, analyzer penetration and Power Services to drive steady, outsized EBITDA expansion, but near‑term earnings are exposed to weaker external chemistry sales, pass‑through Power revenues that can dilute margins, and higher tax/interest depreciation. Track backlog conversion and analyzer deployment rates—those will determine whether guidance upside materializes or chemistry volatility reasserts itself.
The FlyFlotek (FTK) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $956.17M
- Dividend Yield
- ―
- Average Volume (3M)
- 501.72K
- Price to Earnings (P/E)
- 30.6
- Beta (1Y)
- 1.48
- Revenue Growth
- 59.31%
- EPS Growth
- -9.88%
- Country
- US
- Employees
- 160
- Sector
- Energy
- Sector Strength
- 65
- Industry
- Oil & Gas Equipment & Services
Flotek Business Overview & Revenue Model
Company Description
Flotek Industries, Inc., founded in 1985 and headquartered in Houston, Texas, operates as an innovation-driven enterprise specializing in chemical and data solutions. Its global reach extends across industrial, commercial, and consumer sectors, with...
How the Company Makes Money
Flotek makes money primarily by selling specialty chemical products and related solutions to oil and gas operators and service companies. Its revenue is driven by (1) product sales—chemistries that are applied during drilling, hydraulic fracturing/co...
Flotek Earnings Call Summary
The call was strongly positive, with record revenue, triple-digit growth in both operating segments, raised 2026 guidance, accelerating Data Analytics adoption, expanding international chemistry sales, improving operating leverage, low leverage, and continued investment in growth initiatives. The main challenges were lower reported gross margin due to an unfavorable prior-year comparison, lower reported net income because of the prior year's tax benefit, the inactive Puerto Rico contract, no assumed Q4 Montana contract revenue, OEM testing still in progress, and an uncertain flat-to-down North American activity outlook.
Q3-2026 Updates
Positive Updates
Negative Updates
Company Guidance
For 2026, Flotek updated guidance to total revenue in the range of $382 million to $390 million and adjusted EBITDA in the range of $59 million to $62 million, with the midpoint implying 63% and 83% increases versus 2025 actuals on revenue and adjusted EBITDA, respectively; adjusted EBITDA guidance does not add back noncash amortization of contract assets expected to total approximately $9.3 million during 2026, fourth quarter international chemistry revenue is forecasted at similar levels to the third quarter and fairly consistent with the third quarter, bringing the annual total to approximately $70 million, and guidance assumes no fourth quarter revenue related to the power services contract in Montana. For 2027, the company expects to invest $15 to $20 million in data analytics capital expenditures, with the majority allocated to next generation distribution skids; it expects to take delivery of 4 skids by the end of the year, 3 of the 4 are already contracted, and it is building an additional 5 in 2 thousand and 2 thousand 27. The company also expects to far exceed its 150 unit digital valuation target for 2026, anticipates international chemistry strength to maintain pace in Saudi Arabia with potential upside in Latin America and UAE, and expects North American land activity to be flat to down in 2027.
Flotek Financial Statement Overview
Summary
Profitability and growth have improved with solid recent margins (TTM net margin ~8.8%, EBITDA margin ~16.5%) and a meaningfully healthier balance sheet than 2022. However, cash generation is a major weakness: TTM operating cash flow (~-$10.6M) and free cash flow (~-$13.6M) are negative despite positive earnings, raising execution and liquidity/funding risk if working capital does not normalize.
Income Statement
78PositiveBalance Sheet
70PositiveCash Flow
38Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 351.29M | 237.26M | 187.03M | 188.06M | 136.09M | 43.27M |
| Gross Profit | 81.28M | 59.83M | 39.39M | 24.26M | -6.70M | 3.26M |
| EBITDA | 58.51M | 31.74M | 13.13M | 28.45M | -30.95M | -29.48M |
| Net Income | 30.95M | 30.53M | 10.50M | 24.71M | -42.30M | -30.53M |
Balance Sheet | ||||||
| Total Assets | 311.11M | 220.05M | 170.80M | 157.51M | 164.81M | 50.24M |
| Cash, Cash Equivalents and Short-Term Investments | 21.27M | 5.73M | 4.40M | 5.85M | 12.29M | 11.53M |
| Total Debt | 84.71M | 50.15M | 12.85M | 17.88M | 119.58M | 13.26M |
| Total Liabilities | 167.59M | 106.99M | 56.90M | 55.55M | 162.21M | 30.05M |
| Stockholders Equity | 143.52M | 113.06M | 113.90M | 101.96M | 2.60M | 20.19M |
Cash Flow | ||||||
| Free Cash Flow | -13.56M | 5.22M | 1.42M | -12.38M | -45.05M | -25.88M |
| Operating Cash Flow | -10.57M | 7.20M | 3.36M | -11.30M | -44.63M | -25.84M |
| Investing Cash Flow | -2.99M | -1.98M | -1.82M | -1.01M | 5.33M | 112.00K |
| Financing Cash Flow | 30.10M | -3.74M | -3.12M | 5.93M | 38.27M | -372.00K |
Flotek Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FTK, the sentiment is Positive. The current price of 26.43 is above the 20-day moving average (MA) of 24.65, below the 50-day MA of 26.58, and above the 200-day MA of 22.30, indicating a neutral trend. The MACD of -0.56 indicates Negative momentum. The RSI at 49.99 is Neutral, neither overbought nor oversold. The STOCH value of 42.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FTK.
Flotek Risk Analysis
Flotek disclosed 40 risk factors in its most recent earnings report. Flotek reported the most risks in the "Finance & Corporate" category.
- Finance & Corporate13
- Tech & Innovation3
- Legal & Regulatory9
- Production6
- Ability to Sell4
- Macro & Political5
Latest Risks Added
3 New RisksFlotek Peers Comparison
Overall Rating
FET76Outperform
NGS66Neutral- FTK63Neutral
RNGR60Neutral
OIS54Neutral
GEOS45Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| FET | 76Outperform | $826.95M | 28.48 | 10.24% | ― | 10.59% | ― |
| NGS | 66Neutral | $370.91M | 17.86 | 7.07% | 1.82% | 24.25% | 6.99% |
| Sector * | 65Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% |
| FTK | 63Neutral | $924.09M | 30.59 | 24.56% | ― | 59.31% | -9.88% |
| RNGR | 60Neutral | $263.27M | 18.30 | 5.17% | 1.96% | 16.94% | -0.36% |
| OIS | 54Neutral | $498.20M | -4.54 | -18.55% | ― | -0.74% | -595.12% |
| GEOS | 45Neutral | $47.09M | -1.15 | -35.80% | ― | -20.50% | -191.37% |
* Energy Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| FTK | Flotek Industries, Inc. | 26.43 | 11.59 | 78.10% | |
| FET | Forum Energy | 75.77 | 46.29 | 157.02% | |
| NGS | Natural Gas Services | 28.57 | -0.60 | -2.05% | |
| OIS | Oil States International | 8.49 | 2.36 | 38.50% | |
| GEOS | Geospace Technologies | 3.56 | -20.63 | -85.30% | |
| RNGR | Ranger Energy Services | 12.26 | -1.16 | -8.62% |
Flotek Corporate Events
Flotek Reports Record Third-Quarter Revenue and Strong Growth
PositiveFlotek operates in oil-and-gas-related chemistry and data analytics, providing chemistry technologies and real-time measurement solutions. On November 3, 2026, the company reported third-quarter revenue of $114.4 million, its highest quarterly level...
Flotek Secures New $120 Million Term Loan Facility
PositiveOn September 23, 2026, Flotek Industries, Inc. entered into a senior secured term loan agreement providing $75 million of initial funding and up to $45 million in delayed-draw capacity, for total availability of $120 million, led by Elda River Capita...
Flotek Raises 2026 Guidance on Strong Chemistry Sales
PositiveOn September 9, 2026, Flotek Industries raised its full-year 2026 guidance for total revenue to a range of $360 million to $370 million and Adjusted EBITDA to $50 million to $54 million, citing continued strength in international chemistry sales. At...
Flotek Loses Major Puerto Rico Power Contract
NegativeOn August 18, 2026, the Puerto Rico Electric Power Authority terminated its Power Purchase and Operating Agreement tied to a 400 MW natural gas-fired generation project, citing a failure to provide performance security and a directive from Puerto Ric...
Flotek Faces PREPA Contract Uncertainty and Short-Seller Pressure
NegativeOn August 18, 2026, Flotek reported that its participation in Puerto Rico’s Emergency Temporary Power Generation project under a 10-year PREPA contract is in limbo after the Financial Oversight and Management Board voted to revoke approval and direct...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Nov 04, 2026