FTK
Flotek Industries, Inc.
FTK's fundamentals are strong: revenue grew 59% and its operating margin rose 3 points to 13%. At 32x earnings, it's trading above its usual 25x. Analysts expect that strong growth to continue, though they disagree widely on how much.
FTK Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Under pressure | |
| Strong |
FTK's revenue, profitability and balance sheet are currently healthy, but its cash flow is under pressure.
FTK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 18x | $14.41 | -44% |
| Forward | 22x | $25.83 | — |
| Fair | 25x | $20.50 | -21% |
| Current | 32x | $25.83 | — |
| Expensive | 33x | $26.33 | +1.9% |
Historical ranges are pointers, not guarantees.
FTK's PE is in its expensive range at 32x. If earnings grow as analysts expect, today's price would be 22x next year's earnings, in its fair range.
FTK Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect strong earnings and revenue growth for FTK, with profitability improving. However, they disagree widely on these estimates.
FTK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.16 | +43% |
| Q3 2026 | $0.81 | -10% |
| Q2 2026 | $1.00 | +122% |
| Q1 2026 | $0.79 | +72% |
| Q4 2025 | $0.84 | +147% |
| Q3 2025 | $0.90 | +210% |
| Q2 2025 | $0.45 | +80% |
| Q1 2025 | $0.46 | +557% |
| Q4 2024 | $0.34 | +$0.44 |
FTK earned $0.81 per share over the past year, down 10% from the year before.
FTK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $114.4M | +104% |
| Q2 2026 | $99.4M | +70% |
| Q1 2026 | $70.1M | +27% |
| Q4 2025 | $67.5M | +33% |
| Q3 2025 | $56M | +13% |
| Q2 2025 | $58.4M | +26% |
| Q1 2025 | $55.4M | +37% |
| Q4 2024 | $50.8M | +20% |
FTK's revenue has grown year over year for nine quarters in a row: $114M last quarter, up 104% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 16% | -0.5 points |
| Q2 2026 | 15% | +11 points |
| Q1 2026 | 11% | +0.8 points |
| Q4 2025 | 8.9% | -1.3 points |
| Q3 2025 | 16% | +11 points |
| Q2 2025 | 4.4% | -0.4 points |
| Q1 2025 | 10% | +4.8 points |
| Q4 2024 | 10% | +4.4 points |
FTK's operating margin was 16% last quarter, down 0.5 points from the same quarter a year ago.
FTK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$10.3M | -$8.4M |
| Q2 2026 | -$6.6M | -$2.1M |
| Q1 2026 | $21K | -100% |
| Q4 2025 | $6.2M | +$8.8M |
| Q3 2025 | -$1.9M | -137% |
| Q2 2025 | -$4.5M | -$1.4M |
| Q1 2025 | $7.3M | +88% |
| Q4 2024 | -$2.6M | -$515K |
FTK has burned cash in most quarters: −$11M over the past year, against −$2M the year before.
FTK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.6% | +212K shares |
| 1 year | +1.4% | +547K shares |
| 3 years | +26% | +8M shares |
| 5 years | +231% | +27M shares |
| Available history | +295% | +28.9M shares |
FTK has 39M diluted shares, up 1.4% from a year ago.
FTK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.3x | Net Cash |
| Q2 2026 | 0.9x | Very low |
| Q1 2026 | 1.3x | Healthy |
| Q4 2025 | 1.4x | Healthy |
| Q3 2025 | 1.5x | Healthy |
| Q2 2025 | 2.1x | Moderate |
| Q1 2025 | -0.4x | Net Cash |
| Q4 2024 | -0.3x | Net Cash |
FTK has more cash than debt.
FTK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.9 | Neutral |
| Stochastic | 19.2 | Oversold |
FTK's weekly RSI is 52 (neutral) and its Stochastic is 19 (oversold).
FTK PE vs Energy Sector
| Metric | FTK | Sector median | Relative |
|---|---|---|---|
| PE | 32x | 13x | 143% above |
| PE % | 78 | 61 | 17 pts above |
FTK is trading at 32x earnings, a 143% premium to the Energy sector's median of 13x.
FTK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $26.4 | 2% below |
| 20 week MA | $26.8 | 3.7% below |
| 50 week MA | $21.5 | 20% above |
| 100 week MA | $16.6 | 56% above |
| 200 week MA | $10.6 | 144% above |
FTK has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 144% above its 200-week average.
FTK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $12.2 | $13.1 | +7.9% |
| 2021 | $13.1 | $3.66 | -72% |
| 2022 | $3.66 | $6.78 | +85% |
| 2023 | $6.78 | $3.92 | -42% |
| 2024 | $3.92 | $9.62 | +145% |
| 2025 | $9.62 | $17.6 | +83% |
| 2026 YTD | $17.6 | $25.8 | +47% |
FTK's yearly returns have swung widely, from +145% in 2024 to −72% in 2021. It's up 47% so far in 2026.