Flotek Industries INC/CN/ (FTK) intrinsic value & 10-year financials
Flotek Industries INC/CN/ (FTK) has a Graham intrinsic value of $9.94 per share. At $24.06 on Oct 17, 2026, the stock trades 142% above that value. Over the last 10 fiscal years revenue grew 2.6% a year to $237.3M, with an average return on invested capital of -70.7%.
- Graham intrinsic value
- $9.94
- Share price (Oct 17, 2026)
- $24.06
- Price vs Graham value
- 142% above
- Market cap
- $869.9M
- Revenue (FY2025)
- $237.3M
- Revenue growth (10-yr CAGR)
- 2.6%
- ROIC (10-yr avg)
- -70.7%
- Free cash flow (FY2025)
- —
FTK 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $237.3M | $30.5M | $0.84 | — | 9.8% | 17.3% |
| FY2024 | $187.0M | $10.5M | $0.34 | — | 6.5% | 10.4% |
| FY2023 | $188.1M | $24.7M | -$0.10 | — | 12.3% | 44.0% |
| FY2022 | $54.3M | -$42.3M | -$0.57 | -$45.1M | -65.2% | -316.3% |
| FY2021 | $39.6M | -$30.5M | -$0.42 | -$25.9M | -79.4% | -143.1% |
| FY2020 | $53.1M | -$136.4M | -$2.00 | -$49.3M | -270.3% | -247.2% |
| FY2019 | $119.4M | -$32.3M | -$0.55 | -$21.2M | -64.2% | -45.2% |
| FY2018 | $177.8M | -$70.3M | -$1.21 | -$24.4M | -39.3% | -23.6% |
| FY2017 | $243.1M | -$27.4M | -$0.48 | $8.2M | -1.2% | -0.9% |
| FY2016 | $188.2M | -$49.1M | -$0.88 | -$11.9M | -3.9% | -2.2% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
FLOTEK INDUSTRIES INC/CN/ has demonstrated mature, steady growth, with revenue compounding at 2.6% annually over the past decade.
FLOTEK INDUSTRIES INC/CN/ has historically struggled to out-earn its cost of capital, averaging just -14.9% ROIC.
Over the decade, FLOTEK INDUSTRIES INC/CN/ shows that management has aggressively returned capital to shareholders by retiring 35.8% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, FLOTEK INDUSTRIES INC/CN/ is modeled at 2.6% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $9.94 per share.