| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 24 | 27.5x | 17.8x | Bottom tier | |
Growth | 91 | 36.8% | 7.1% | Top tier | |
Quality | 62 | 29.4% | 4.5% | Around median | |
Safety | 66 | 1.0x | 2.6x | Top tier | |
Capital Return | 69 | — | 2.12% | Top tier | |
Momentum | 86 | 198.9% | 2.9% | Top tier | |
Sentiment | 64 | 3 | 3 | Around median |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Flotek Industries operates at the intersection of energy services and technology through two primary segments: specialized chemistry technologies and data analytics as a service. The Chemistry segment generates revenue from prescribed chemistry management solutions for oil and gas operations, while the Data Analytics segment provides real-time gas quality measurement, control, blending, and fuel management through the PWRtek platform and XSPCT and Smart Skid devices, targeting electric fracturing fleets, power plants, and behind-the-meter energy projects.
In Q2 of fiscal year 2026, revenue reached $99.4 million, up 70% year over year according to the earnings call, and the company recorded gross profit of $23.8 million, a gross margin of approximately 24%, net income of $10.0 million, and earnings per share of $0.26. Compared with Q1 of fiscal year 2026, revenue increased from $70.1 million, gross profit from $15.5 million, and net income from $4.7 million.
The Data Analytics segment represented 19% of Q2 fiscal year 2026 revenue, or approximately $18.9 million, but generated 51% of the company’s gross profit, highlighting its high profitability relative to its size. Meanwhile, Chemistry activities accounted for most of the revenue, with International Chemistry revenue reaching $10.6 million, up 172% year over year, while Data Analytics segment revenue rose 223% year over year and reached the highest quarterly level in the company’s history.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus is “Buy,” with an average price target of $33.17 and a target range of $27.50 to $40. The average target is approximately 16% below the 52-week high of $39.67, while the highest target is close to that high, reflecting positive but uneven growth expectations. The increase in fiscal year 2026 guidance should be weighed against the cancellation of the Puerto Rico project and the wide target range, both of which increase the valuation’s sensitivity to actual growth execution.
Figures in the text are as of 2026-09-09; the live price is shown at the top of the page.
Flotek Industries trades on the NYSE under the ticker FTK. The company combines specialized chemistry solutions with real-time data analytics for the energy and infrastructure sectors. Its products and platforms include PWRtek, XSPCT, and Smart Skid, which are used to measure, blend, and control gas quality and improve equipment efficiency. The Data Analytics segment represented 19% of Q2 fiscal year 2026 revenue and 51% of gross profit.
Q2 fiscal year 2026 revenue was approximately $99.4 million, the company’s strongest quarterly result in ten years according to management. Gross profit was $23.8 million, equivalent to a margin of approximately 24%. Net income was $10.0 million and earnings per share were $0.26, compared with net income of $4.7 million and earnings per share of $0.12 in Q1 of fiscal year 2026. Adjusted EBITDA also reached $16.8 million, up 109% year over year.
On September 9, 2026, Flotek raised its fiscal year 2026 revenue guidance to between $360 million and $370 million. It also raised its adjusted EBITDA range to between $50 million and $54 million. The update was based on growth in international sales, with International Chemistry revenue expected to exceed $40 million during the second half of fiscal year 2026. The previous update published on August 28, 2026 projected revenue of between $340 million and $350 million and adjusted EBITDA of between $47 million and $51 million.
The segment’s revenue increased 223% year over year in Q2 of fiscal year 2026, and its services revenue alone exceeded the segment’s total revenue in the comparable period. External customers accounted for 63% of the segment’s revenue, compared with 44% a year earlier, and the Montana contract contributed approximately $6 million during the quarter. The number of digital validation devices deployed or under contract increased from 57 to 89 devices between the ends of Q1 and Q2 of fiscal year 2026. The company also plans to have more than 5 gigawatts under measurement or control by Q1 of fiscal year 2027.
Flotek had announced on August 3, 2026 a ten-year agreement to support a 400-megawatt power project using the PWRtek platform and Smart Skid equipment. However, a report dated August 28, 2026 stated that the project had been canceled, so the previously announced contract value should not be relied upon when estimating future revenue. In contrast, the company raised its fiscal year 2026 guidance again on September 9, 2026 to revenue of between $360 million and $370 million and adjusted EBITDA of between $50 million and $54 million. This leaves the growth thesis more dependent on International Chemistry, Data Analytics, and other contracts that actually convert into revenue.
Domestic Chemistry revenue is volatile, with June 2026 alone recording approximately $31 million after some July work was shifted into June. The extension of the second phase of the Montana contract also had not been secured as of August 5, 2026, despite contributing approximately $6 million to Q2 fiscal year 2026 revenue. The supply chain came under pressure because of accelerating Middle East business, and continued international momentum depended on inventory shipments arriving in August and possibly September 2026. Gross margin also declined by less than 100 basis points year over year to approximately 24% despite the sharp increase in revenue.
