Recent News
On March 3, 2026 Flotek announced its first utilities infrastructure contract to coordinate installation of up to 50 megawatts of power-generation equipment for federal disaster recovery, and disclosed that its Compensation Committee approved equity awards for senior executives.
Technical Analysis
Directional indicators show a bearish ordering: ADX at 14.97 indicates no trend, while DI+ (15.33) is decreasing and DI- (23.01) shows a dip-and-reversal, implying the negative directional index is strengthening and near-term directional bias favors sellers against valuation-driven fundamentals.
MACD reads -0.28 with a signal at -0.11 and the MACD trend decreasing; MACD sits below its signal line, indicating bearish momentum that aligns with short-term downward pressure on price relative to recent averages.
MRO stands at 15.39 with a dip-and-reversal; the positive MRO indicates the market price sits above the model target, creating potential downside toward the model level absent renewed buying interest.
RSI at 48.34 is below 50 and decreasing, signaling weakening short-term momentum and leaving room for additional downside before oversold conditions force a technical rebound.
Price vs moving averages and overlays: the $15.75 close trades below the 12-day EMA ($16.26), 20-day average ($16.54) and 50-day average ($16.91), but above the 200-day average ($15.19). Ichimoku components (TenkanSen $16.30, KijunSen $17.52, cloud spanning $16.93–$17.55) place price below near-term trend lines and beneath the cloud, reinforcing short-term resistance while the 200-day average suggests longer-run support.
Bollinger placement shows price near the lower 1x band ($15.64), volume (218,586) sits below 10-/50-/200-day averages, and 42-day beta at 0.97 versus a 52-week beta of 1.63 implies recent volatility compressed versus elevated year-long variability—all consistent with low-volume consolidation with downside risk unless momentum indicators reverse.
Fundamental Analysis
Top-line and cash flow: total revenue $67,519,000 with revenue growth at 20.50% and year-over-year revenue growth reported at 9.04%. Operating cash flow $6,247,000 and free cash flow $5,960,000 produce a free cash flow yield of 1.19%, below the industry peer mean of 2.23%.
Profitability: EBIT $6,057,000 and EBITDA $6,686,000 produce an EBIT margin of 8.97%, down 44.73% quarter-over-quarter and down 9.63% year-over-year; that margin sits below the industry peer mean (25.26%) and median (22.39%). Gross margin holds at 22.50% but moved lower QoQ and YoY, consistent with reported margin compression.
Earnings and estimates: reported EPS $0.09 versus an estimate of $0.17 produced an EPS surprise of -47.06%. Forward EPS equals $0.2325 with a forward P/E of 66.86, while the trailing P/E stands at 185.44; the trailing P/E exceeds the industry peer mean (83.92), while forward P/E sits marginally below the industry peer mean (69.86).
Balance sheet and leverage: cash $5,731,000 and current ratio 1.80 with quick ratio 1.63 provide near-term liquidity support. Total debt $50,152,000 and net debt $37,185,000 produce a debt-to-EBITDA of 7.50x and debt-to-equity of 0.44, indicating meaningful leverage relative to current profitability though interest coverage at 4.41x remains positive.
Returns: return on equity 2.68% and return on assets 1.40% remain low versus typical industry expectations; earnings growth metrics show contraction over recent periods. Asset turnover 0.312 supports modest capital efficiency compared with the industry peer mean of 0.156, placing Flotek above the peer mean on turnover while profitability metrics lag peer means and medians.
Valuation summary: WMDST values the stock as over-valued. Market-cap $502.85M and enterprise value $547.27M accompany elevated multiples—P/B 4.45 above the industry peer mean (3.92) and enterprise multiple 81.85 above the industry peer mean (50.97)—reflecting a market premium for growth and data-analytics momentum despite compressed margins and a negative EPS surprise.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-12-31 |
| REPORT DATE: | 2026-03-11 |
| NEXT REPORT DATE: | 2026-06-10 |
| CASH FLOW | Begin Period Cash Flow | $ 4.6 M |
| Operating Cash Flow | $ 6.2 M | |
| Capital Expenditures | $ -287.00 K | |
| Change In Working Capital | $ -2.15 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ 1.2 M | |
| End Period Cash Flow | $ 5.8 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 67.5 M | |
| Forward Revenue | $ 39.1 M | |
| COSTS | ||
| Cost Of Revenue | $ 52.3 M | |
| Depreciation | $ 629.0 K | |
| Depreciation and Amortization | $ 629.0 K | |
| Research and Development | $ 463.0 K | |
| Total Operating Expenses | $ 61.0 M | |
| PROFITABILITY | ||
| Gross Profit | $ 15.2 M | |
| EBITDA | $ 6.7 M | |
| EBIT | $ 6.1 M | |
| Operating Income | $ 6.5 M | |
| Interest Income | — | |
| Interest Expense | $ 1.4 M | |
| Net Interest Income | $ -1.37 M | |
| Income Before Tax | $ 4.7 M | |
| Tax Provision | $ 1.7 M | |
| Tax Rate | 35.405 % | |
| Net Income | $ 3.0 M | |
| Net Income From Continuing Operations | $ 3.0 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.17 | |
| EPS Actual | $ 0.09 | |
| EPS Difference | $ -0.08 | |
| EPS Surprise | -47.059 % | |
| Forward EPS | $ 0.23 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 220.0 M | |
| Intangible Assets | — | |
| Net Tangible Assets | $ 113.1 M | |
| Total Current Assets | $ 110.8 M | |
| Cash and Short-Term Investments | $ 5.7 M | |
| Cash | $ 5.7 M | |
| Net Receivables | $ 83.2 M | |
| Inventory | $ 10.6 M | |
| Long-Term Investments | $ 1.6 M | |
| LIABILITIES | ||
| Accounts Payable | $ 48.3 M | |
| Short-Term Debt | $ 3.3 M | |
| Total Current Liabilities | $ 61.6 M | |
| Net Debt | $ 37.2 M | |
| Total Debt | $ 50.2 M | |
| Total Liabilities | $ 107.0 M | |
| EQUITY | ||
| Total Equity | $ 113.1 M | |
| Retained Earnings | $ -285.78 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 3.75 | |
| Shares Outstanding | 30.130 M | |
| Revenue Per-Share | $ 2.24 | |
| VALUATION | Market Capitalization | $ 502.9 M |
| Enterprise Value | $ 547.3 M | |
| Enterprise Multiple | 81.854 | |
| Enterprise Multiple QoQ | 62.869 % | |
| Enterprise Multiple YoY | 78.037 % | |
| Enterprise Multiple IPRWA | high: 144.859 FTK: 81.854 mean: 50.97 median: 47.726 low: -65.226 |
|
| EV/R | 8.105 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.946 | |
| Asset To Liability | 2.057 | |
| Debt To Capital | 0.307 | |
| Debt To Assets | 0.228 | |
| Debt To Assets QoQ | -9.796 % | |
| Debt To Assets YoY | 702.783 % | |
| Debt To Assets IPRWA | high: 1.127 mean: 0.319 median: 0.243 FTK: 0.228 low: 0.001 |
|
| Debt To Equity | 0.444 | |
| Debt To Equity QoQ | -8.786 % | |
| Debt To Equity YoY | 942.048 % | |
| Debt To Equity IPRWA | high: 3.344 mean: 0.918 FTK: 0.444 median: 0.323 low: -3.329 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 4.448 | |
| Price To Book QoQ | 12.436 % | |
| Price To Book YoY | 109.55 % | |
| Price To Book IPRWA | high: 8.357 FTK: 4.448 mean: 3.92 median: 2.908 low: -0.575 |
|
| Price To Earnings (P/E) | 185.435 | |
| Price To Earnings QoQ | 625.191 % | |
| Price To Earnings YoY | 220.293 % | |
| Price To Earnings IPRWA | high: 406.342 FTK: 185.435 mean: 83.92 median: 65.213 low: -287.212 |
|
| PE/G Ratio | -2.202 | |
| Price To Sales (P/S) | 7.448 | |
| Price To Sales QoQ | -4.532 % | |
| Price To Sales YoY | 56.367 % | |
| Price To Sales IPRWA | high: 30.237 mean: 9.78 median: 8.204 FTK: 7.448 low: 0.068 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 66.861 | |
| Forward PE/G | -0.794 | |
| Forward P/S | 12.864 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -1.629 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.312 | |
| Asset Turnover Ratio QoQ | 7.193 % | |
| Asset Turnover Ratio YoY | 1.887 % | |
| Asset Turnover Ratio IPRWA | high: 0.449 FTK: 0.312 mean: 0.156 median: 0.148 low: -0.007 |
|
| Receivables Turnover | 0.872 | |
| Receivables Turnover Ratio QoQ | 2.078 % | |
| Receivables Turnover Ratio YoY | 10.853 % | |
| Receivables Turnover Ratio IPRWA | high: 5.354 mean: 2.577 median: 1.985 FTK: 0.872 low: -0.071 |
|
| Inventory Turnover | 4.386 | |
| Inventory Turnover Ratio QoQ | 46.397 % | |
| Inventory Turnover Ratio YoY | 48.437 % | |
| Inventory Turnover Ratio IPRWA | high: 36.873 FTK: 4.386 mean: 3.436 median: 1.557 low: 0.0 |
|
| Days Sales Outstanding (DSO) | 104.634 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 33.624 | |
| Cash Conversion Cycle Days QoQ | -43.168 % | |
| Cash Conversion Cycle Days YoY | -44.409 % | |
| Cash Conversion Cycle Days IPRWA | high: 241.381 median: 78.422 mean: 73.151 FTK: 33.624 low: -101.07 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 1.372 | |
| CapEx To Revenue | -0.004 | |
| CapEx To Depreciation | -0.456 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 152.6 M | |
| Net Invested Capital | $ 156.0 M | |
| Invested Capital | $ 156.0 M | |
| Net Tangible Assets | $ 113.1 M | |
| Net Working Capital | $ 49.2 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.093 | |
| Current Ratio | 1.799 | |
| Current Ratio QoQ | 1.587 % | |
| Current Ratio YoY | -6.056 % | |
| Current Ratio IPRWA | high: 9.333 mean: 1.955 FTK: 1.799 median: 1.357 low: 0.336 |
|
| Quick Ratio | 1.626 | |
| Quick Ratio QoQ | 5.842 % | |
| Quick Ratio YoY | -1.482 % | |
| Quick Ratio IPRWA | high: 4.561 FTK: 1.626 mean: 1.313 median: 1.0 low: 0.284 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 7.501 | |
| Cost Of Debt | 2.017 % | |
| Interest Coverage Ratio | 4.408 | |
| Interest Coverage Ratio QoQ | -34.511 % | |
| Interest Coverage Ratio YoY | -77.867 % | |
| Interest Coverage Ratio IPRWA | high: 39.087 mean: 12.598 median: 9.656 FTK: 4.408 low: -33.464 |
|
| Operating Cash Flow Ratio | 0.128 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 99.474 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 3.461 % | |
| Revenue Growth | 20.503 % | |
| Revenue Growth QoQ | -615.929 % | |
| Revenue Growth YoY | 903.573 % | |
| Revenue Growth IPRWA | high: 34.86 % FTK: 20.503 % mean: 3.998 % median: 1.018 % low: -35.909 % |
|
| Earnings Growth | -84.211 % | |
| Earnings Growth QoQ | -108.097 % | |
| Earnings Growth YoY | -212.281 % | |
| Earnings Growth IPRWA | high: 100.0 % median: 1.19 % mean: -5.571 % FTK: -84.211 % low: -180.0 % |
|
| MARGINS | ||
| Gross Margin | 22.503 % | |
| Gross Margin QoQ | -29.098 % | |
| Gross Margin YoY | -6.97 % | |
| Gross Margin IPRWA | high: 86.554 % mean: 35.825 % median: 33.471 % FTK: 22.503 % low: -55.164 % |
|
| EBIT Margin | 8.971 % | |
| EBIT Margin QoQ | -44.726 % | |
| EBIT Margin YoY | -9.63 % | |
| EBIT Margin IPRWA | high: 89.962 % mean: 25.26 % median: 22.394 % FTK: 8.971 % low: -37.704 % |
|
| Return On Sales (ROS) | 9.654 % | |
| Return On Sales QoQ | -41.643 % | |
| Return On Sales YoY | -2.75 % | |
| Return On Sales IPRWA | high: 89.962 % mean: 25.076 % median: 18.836 % FTK: 9.654 % low: -39.283 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 6.0 M | |
| Free Cash Flow Yield | 1.185 % | |
| Free Cash Flow Yield QoQ | -330.097 % | |
| Free Cash Flow Yield YoY | -171.386 % | |
| Free Cash Flow Yield IPRWA | high: 16.533 % mean: 2.232 % median: 2.067 % FTK: 1.185 % low: -11.389 % |
|
| Free Cash Growth | -364.536 % | |
| Free Cash Growth QoQ | 543.034 % | |
| Free Cash Growth YoY | 99.22 % | |
| Free Cash Growth IPRWA | high: 667.847 % mean: 122.152 % median: 94.872 % FTK: -364.536 % low: -381.04 % |
|
| Free Cash To Net Income | 1.97 | |
| Cash Flow Margin | 11.629 % | |
| Cash Flow To Earnings | 2.596 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 1.398 % | |
| Return On Assets QoQ | -86.781 % | |
| Return On Assets YoY | -47.699 % | |
| Return On Assets IPRWA | high: 9.738 % median: 2.207 % mean: 2.157 % FTK: 1.398 % low: -7.028 % |
|
| Return On Capital Employed (ROCE) | 3.822 % | |
| Return On Equity (ROE) | 0.027 | |
| Return On Equity QoQ | -85.473 % | |
| Return On Equity YoY | -31.191 % | |
| Return On Equity IPRWA | high: 0.291 mean: 0.079 median: 0.047 FTK: 0.027 low: -0.247 |
|
| DuPont ROE | 2.706 % | |
| Return On Invested Capital (ROIC) | 2.508 % | |
| Return On Invested Capital QoQ | -45.288 % | |
| Return On Invested Capital YoY | -99.761 % | |
| Return On Invested Capital IPRWA | high: 10.203 % mean: 3.603 % median: 3.077 % FTK: 2.508 % low: -9.387 % |
|