Flotek Industries, Inc.
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Range $27.5 – $40
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About the company
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 a presence in the United States, the United Arab Emirates, and other international markets.
- CEO
- Ryan Gillis Ezell
- IPO
- 2005
- Employees
- 159
- HQ
- Houston, TX, US
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- Market Cap
- $904.26M
- P/E
- 23.49
- Fwd P/E
- 32.89
- PEG
- 0.19
- P/S
- 3.09
- P/B
- 6.99
- EV/EBITDA
- 22.57
- Div Yield
- 0.00%
- Gross Margin
- 24.46%
- Op Margin
- 13.06%
- Net Margin
- 12.97%
- ROE
- 32.27%
- ROIC
- 20.61%
Latest fiscal year · YoY change
- Revenue
- $237.26M+26.9%
- Gross Profit
- $59.83M+51.9%
- Op Income
- $28.13M
- Net Income
- $30.53M+190.8%
- EPS
- $0.90+150.0%
- OCF Growth
- +114.3%
- FCF Growth
- +267.3%
- 52W High
- $39.67
- 52W Low
- $10.95
- 50D MA
- $26.40
- 200D MA
- $19.40
- Beta
- 1.48
- RSI (14)
- 41
- Avg Volume
- 458.60K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Flotek posted a breakout second quarter with revenue approaching $100 million, record data analytics momentum, and sharply improved profitability, while raising full-year guidance and highlighting a growing power-services pipeline.· August 5, 2026
- Total revenue approached $100 million, up 70% year over year; adjusted EBITDA rose 109% to $16.8 million.
- Data analytics had its highest quarterly revenue ever, with segment revenue up 223% year over year and now 51% of company gross profit.
- Chemistry revenue increased 53% year over year, led by a very strong June and international chemistry revenue of $10.6 million, up from $4 million a year ago.
- The company raised 2026 guidance to $340 million-$350 million of revenue and $47 million-$51 million of adjusted EBITDA.
- Flotek announced a 10-year, $400 million PREPA contract and said its contracted backlog has grown to over $500 million.
Second-quarter revenue approached $100 million, up 70% from Q2 2025 and $41 million higher year over year. Company gross profit increased 65% year over year, with gross margin at 24% of revenue, down less than 100 basis points from the prior-year quarter. Adjusted EBITDA was $16.8 million, up 109% year over year. Net income was $10 million, or $0.26 per share, versus $1.8 million, or $0.00 per share a year ago. For 2026, Flotek raised guidance to $340 million-$350 million of revenue and $47 million-$51 million of adjusted EBITDA; management noted this excludes about $9 million of non-cash amortization of contract assets. Management said the ABL balance was reduced to 0 as of the morning of the call, and leverage at the midpoint of guidance is less than 1x net debt.
Ryan Gillis Ezell framed the quarter as evidence that Flotek’s transformation into a Data-as-a-Service company is gaining momentum, with higher-margin recurring revenue and proprietary technologies expanding the addressable market. He emphasized record data analytics growth, resilient chemistry performance, and the strategic importance of the new PREPA award and broader power-services pipeline. His tone was highly optimistic and confident, repeatedly describing the company as entering a new phase of scaled growth.
J. Bond Clement said the quarter exceeded expectations by a wide margin, with June chemistry revenue nearly $31 million and external customer chemistry revenue of $15.2 million in June alone. He highlighted operating leverage, noting G&A fell to less than 8% of revenue versus nearly 12% a year ago, and said adjusted EBITDA guidance excludes about $9 million of non-cash amortization of contract assets. He also pointed out that the company’s ABL borrowings were reduced to 0 as of the morning of the call and that leverage is below 1x at the guidance midpoint. On guidance, he said the back half assumes a more normalized domestic chemistry pace, no fourth-quarter revenue from the Montana extension yet, and no 2026 financial impact from Puerto Rico yet.
Analysts focused on the power infrastructure pipeline, the timing and economics of the Puerto Rico contract, and how the 5-gigawatt measurement/control figure translates into revenue. Management said the power-services pipeline in utilities, infrastructure, and data centers is the largest in company history, with well over $1 billion of pipeline potential, but declined to quantify revenue from the 5-gigawatt figure or the PREPA project’s margin profile. They said Puerto Rico deployment starts in Q4 2026, with more meaningful revenue likely in Q1 2027, and that the initial model is rental-based, which carries lower margins than owned equipment. Analysts also asked about scaling and M&A; management said it is investing more CapEx, adding sales/pursuit staff, and sees opportunities to acquire or upgrade mechanical conditioning operators.
The call showed broad-based momentum: record data analytics revenue, strong chemistry performance, and improving margins and leverage. Management also described a large and growing backlog, a major new utilities contract, and expanding customer pull in power, data centers, and international chemistry. Their comments suggested the company is still early in monetizing its measurement-and-control platform and could see additional upside as projects convert from measurement to control and distribution.
The back half of 2026 may be lumpier because management expects domestic chemistry to normalize after a very strong June and is not yet forecasting revenue from the Montana extension or Puerto Rico contract in 2026. The PREPA project’s early phase is expected to be rental-based, which management said will carry lower margins than owned equipment, and several revenue/margin details were intentionally withheld. Management also acknowledged execution complexity around large, customized power projects and said the company will need to keep investing in CapEx and field teams to capture the opportunity.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 46.6%
- Shares Outstanding
- 36.18M
- Float Shares
- 16.85M
of shares held by institutions
107 13F filers
Buy/sell ratio 1.67. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Driehaus Capital Management LLC | 1.14M | ▲ 167.67K |
| Royce & Associates LP | 1.11M | ▲ 267.01K |
| Masters Capital Management LLC | 1.00M | ▼ 89.44K |
| Blackrock, Inc. | 856.77K | ▲ 47.20K |
| Vanguard Group Inc | 792.03K | ▲ 42.64K |
| Dimensional Fund Advisors LP | 704.37K | ▲ 12.78K |
| Vanguard Capital Management LLC | 639.79K | ▲ 49.33K |
| Nuveen, LLC | 612.93K | ▲ 79.74K |
| Geode Capital Management, LLC | 359.73K | ▲ 32.97K |
| S Squared Technology, LLC | 309.81K | ▲ 6.08K |
| State Street Corp | 294.31K | ▼ 1.24K |
| First Eagle Investment Management, LLC | 293.24K | ▲ 293.24K |
Held by 107 ETFs
Biggest fund positions in FTK by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| May 15, 26 | Hill Kathryn Anne | other | 5,099 |
| May 15, 26 | Hill Kathryn Anne | other | 0 |
| May 15, 26 | McDonald Kevin M | other | 5,099 |
| May 15, 26 | McDonald Kevin M | other | 0 |
| May 15, 26 | Farber Evan R | other | 5,099 |
| May 15, 26 | Fucci Michael | other | 5,099 |
| May 15, 26 | Agadi Harshavardhan V | other | 5,099 |
| May 15, 26 | CLEMENT JAMES BOND | other | 8,097 |
| May 15, 26 | CLEMENT JAMES BOND | other | 3,187 |
| May 18, 26 | CLEMENT JAMES BOND | sell | 12,554 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our FTK coverage
Recent articles, reports, and earnings notes.
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Generate FTK report →Securities Fraud Investigation Into Flotek Industries, Inc. (FTK) Announced – Shareholders Who Lost Money Urged To Contact Glancy Prongay Wolke & Rotter LLP, a Leading Securities Fraud Law Firm
businesswire.com · Aug 20
Securities Fraud Investigation Into Flotek Industries, Inc. (FTK) Announced -- Shareholders Who Lost Money Urged To Contact Glancy Prongay Wolke & Rotter LLP, a Leading Securities Fraud Law Firm
gurufocus.com · Aug 20
Flotek Industries, Inc. (FTK) Shareholders Who Lost Money -- Contact Law Offices of Howard G. Smith About Securities Fraud Investigation
gurufocus.com · Aug 20
Securities Fraud Investigation Into Flotek Industries, Inc. (FTK) Announced – Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz
businesswire.com · Aug 19
How Much Upside is Left in Flotek Industries (FTK)? Wall Street Analysts Think 30.25%
zacks.com · Aug 18
Flotek Industries Provides Update on Puerto Rico Power Project and Reaffirms its Full-Year 2026 Guidance
prnewswire.com · Aug 18
FTK Awarded $70MM Virginia LIHTC Rehab
businesswire.com · Aug 17
Flotek Industries, Inc. Shareholders Are Encouraged to Contact Johnson Fistel Regarding Potential Recovery of Investment Losses
globenewswire.com · Aug 17
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