Recent News
Feb. 6, 2026: Flotek announced the schedule to release fourth-quarter and full-year 2025 results and a conference call for mid‑March. Mar. 3, 2026: The company reported a first utilities infrastructure contract to coordinate installation of up to 50 MW of generation capacity for federal disaster recovery. Mar. 11–12, 2026: Flotek issued fourth-quarter and full‑year 2025 results and held an earnings call noting the Data Analytics segment’s expanding contribution to gross profit. Mar. 13, 2026: A third‑party investment in Flotek was reported by market outlets.
Technical Analysis
ADX reads 16.04, indicating no established trend; directional movement signals diverge. DI+ recently experienced a dip-and-reverse while DI- shows a peak-and-reversal; both moves imply recent directional flips that favor bullish directional momentum despite the weak ADX.
MACD sits at -0.26 with a dip-and-reversal trend, signaling a shift toward bullish momentum; however MACD remains negative and slightly below the signal line (-0.25), so momentum improvement remains incomplete.
MRO at 15.97 registers positive, indicating the current price stands above the model target and therefore implies potential downward pressure from mean reversion.
RSI near 48.8 occupies neutral territory; its dip-and-reverse pattern suggests short-term buying interest but not yet overbought conditions.
Price relationships show mixed bias: last close $16.29 sits above the 200‑day average ($15.23) and the 20‑day average ($16.06) but below the 50‑day average ($16.69). The 12‑day EMA and short EMA signals show dip‑and‑reversal behavior. Ichimoku components place price below the Kijun Sen (17.52) and under the cloud boundary (Senkou A 16.62 / Senkou B 17.50), indicating lingering resistance overhead. Bollinger bands place price closer to the upper 1σ band, suggesting limited immediate upside runway without volatility expansion.
Volume profile shows current session volume (~191,106) below shorter-term averages (10‑day avg 203,001; 50‑day avg 263,176), so momentum changes lack confirming volume support so far.
Fundamental Analysis
Total revenue reached $67,519,000 with gross profit $15,194,000 and net income $3,025,000. WMDST-calculated EBIT equals $6,057,000 and EBITDA $6,686,000. Gross margin measured 22.50% and operating margin 9.65%; EBIT margin equals 8.97%, below the industry peer mean of 25.275% and the industry peer median of 22.394% within an industry peer range from -37.704% to 89.962%.
Margins weakened QoQ: EBIT margin declined about 44.73% QoQ and about 9.63% YoY, indicating compression versus recent quarters. Revenue growth shows improvement year-over-year; reported revenue growth equals 20.50% while the most recent QoQ revenue change shows contraction.
Earnings per share came in at $0.09 versus an estimate of $0.17, producing an EPS surprise of -47.06%. Forward EPS equals $0.2325 with a forward P/E around 66.86; the reported trailing P/E sits near 185.44, reflecting current earnings compression versus market price.
Balance sheet and cash flow: cash and short-term investments total $5,731,000 with free cash flow $5,960,000 and a free cash flow yield of ~1.19%. Total debt $50,152,000 gives net debt $37,185,000 and debt-to-EBITDA roughly 7.5x, while interest coverage stands near 4.41x. Current ratio reads 1.80 and quick ratio 1.63, supporting near-term liquidity but showing modest working‑capital intensity (cash conversion cycle ~33.6 days).
Book value per share approximates $3.75 while the price-to-book ratio equals 4.45, above the industry peer mean of 3.91891 and median of 2.90790 but inside the industry peer range low to high. Enterprise multiple sits near 81.85, and WMDST’s valuation flag denotes the stock as over-valued. Retained earnings remain deeply negative (-$285,780,000), reflecting prior cumulative deficits.
Overall, fundamentals show revenue expansion and positive free cash flow, offset by compressed margins, a material EPS miss this quarter, elevated leverage relative to cash flows, and valuation multiples that sit above peer averages; WMDST therefore values the stock as over-valued.
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: 50.955 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: 3.919 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: 9.777 median: 8.204 FTK: 7.448 low: 0.004 |
|
| 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: 24.964 FTK: 4.386 mean: 3.4 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: -110.041 |
|
| 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: 0.134 |
|
| 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: 0.132 |
|
| 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: 12.594 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: 3.997 % 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: 112.815 % mean: 35.831 % 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: 25.275 % 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: 25.084 % 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: 2.237 % 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: 122.083 % 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 % |
|