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FTK (Flotek Industries) Financial Strength : 9 (As of Mar. 2025)


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What is Flotek Industries Financial Strength?

Flotek Industries has the Financial Strength Rank of 9. It shows strong financial strength and is unlikely to fall into distressed situations.

Good Sign:

Flotek Industries Inc shows strong financial strength.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is rated on a scale of 1 to 10 and is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.
4. Other debt related ratios.

A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

Flotek Industries's Interest Coverage for the quarter that ended in Mar. 2025 was 24.28. Flotek Industries's debt to revenue ratio for the quarter that ended in Mar. 2025 was 0.03. As of today, Flotek Industries's Altman Z-Score is 4.35.


Competitive Comparison of Flotek Industries's Financial Strength

For the Oil & Gas Equipment & Services subindustry, Flotek Industries's Financial Strength, along with its competitors' market caps and Financial Strength data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Flotek Industries's Financial Strength Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Flotek Industries's Financial Strength distribution charts can be found below:

* The bar in red indicates where Flotek Industries's Financial Strength falls into.


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Flotek Industries Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Flotek Industries's Interest Expense for the months ended in Mar. 2025 was $-0.2 Mil. Its Operating Income for the months ended in Mar. 2025 was $5.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2025 was $6.1 Mil.

Flotek Industries's Interest Coverage for the quarter that ended in Mar. 2025 is

Interest Coverage=-1*Operating Income (Q: Mar. 2025 )/Interest Expense (Q: Mar. 2025 )
=-1*5.56/-0.229
=24.28

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Flotek Industries's Debt to Revenue Ratio for the quarter that ended in Mar. 2025 is

Debt to Revenue Ratio=Total Debt (Q: Mar. 2025 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(1.331 + 6.116) / 221.448
=0.03

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Flotek Industries has a Z-score of 4.35, indicating it is in Safe Zones. This implies the Z-Score is strong.

Good Sign:

Altman Z-score of 4.35 is strong.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Flotek Industries  (NYSE:FTK) Financial Strength Explanation

The rank is rated on a scale of 1 to 10. A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

Flotek Industries has the Financial Strength Rank of 9. It shows strong financial strength and is unlikely to fall into distressed situations.


Flotek Industries Financial Strength Related Terms

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Flotek Industries Business Description

Traded in Other Exchanges
Address
5775 North Sam Houston Parkway West, Suite 400, Houston, TX, USA, 77086
Flotek Industries Inc is a technology-driven specialty chemistry and data company. It has two reportable segments: Its Chemistry Technologies segment includes specialty chemistries, logistics and technology services. It also include integrated oil and gas companies, oilfield services companies, independent oil and gas companies, national and state-owned oil companies, and international supply chain management companies. The Data Analytics segment provides analytical measurement solutions and deliver real-time information and insights to customers to enable optimization of operations and reduction of emissions and their carbon intensity. Key revenue comes from its Chemistry Technologies segment.
Executives
Matthew Wilks director 17010 IH-20, CISCO TX 76437
David Nierenberg director 19605 NE 8TH STREET, CAMAS WA 98607
Ryan Gillis Ezell officer: SVP, Operations 10603 N. SAM HOUSTON PARKWAY W., SUITE 300, HOUSTON TX 77064
James Bond Clement officer: Chief Financial Officer 400 E. KALISTE SALOOM ROAD, SUITE 6000, LAFAYETTE LA 70508
Harshavardhan V Agadi director 5755 NORTH POINT PKWAY #266, ALPHARETTA GA 30022
Gibson John W Jr director, officer: CEO and President 10603 W. SAM HOUSTON PKWY N., SUITE 300, HOUSTON TX 77064
Profrac Holding Corp. 10 percent owner 333 SHOPS BOULEVARD, SUITE 301, WILLOW PARK TX 76087
Evan R Farber director 7903 KENTUCKY AVE., BETHESDA MD 20814
Seham Saleh Carson officer: Interim CFO 3318 RAVENS ROOST, MISSOURI CITY TX 77459
Profrac Holdings Ii, Llc 10 percent owner 333 SHOPS BLVD., SUITE 301, WILLOW PARK TX 76087
Profrac Holdings, Llc 10 percent owner 333 SHOPS BLVD., SUITE 301, WILLOW PARK TX 76087
Thrc Management, Llc 10 percent owner 17018 INTERSTATE 20, CISCO TX 76437
Thrc Holdings, Lp 10 percent owner 17018 INTERSTATE 20, CISCO TX 76437
Staci Wilks 10 percent owner 17018 INTERSTATE 20, CISCO TX 76437
Farris Wilks 10 percent owner 17018 INTERSTATE 20, CISCO TX 76437