Mammoth Energy SERVICES, Inc. (TUSK) intrinsic value & 10-year financials
Mammoth Energy SERVICES, Inc. (TUSK) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue shrank 16.8% a year to $44.3M, with an average return on invested capital of -6.7%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $2.70
- Market cap
- $130.6M
- Revenue (FY2025)
- $44.3M
- Revenue growth (10-yr CAGR)
- -16.8%
- ROIC (10-yr avg)
- -6.7%
- Free cash flow (FY2025)
- -$89.1M
TUSK 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $44.3M | $4.6M | $0.10 | -$89.1M | -129.7% | -16.9% |
| FY2024 | $187.9M | -$207.3M | -$4.31 | $163.7M | -68.5% | -35.2% |
| FY2023 | $309.5M | -$3.2M | -$0.07 | $12.0M | -5.4% | -1.6% |
| FY2022 | $362.1M | -$619.0K | -$0.01 | $2.5M | -4.5% | -1.5% |
| FY2021 | $229.0M | -$101.4M | -$2.18 | -$24.7M | -56.0% | -17.5% |
| FY2020 | $313.1M | -$107.6M | -$2.36 | — | -47.7% | -18.9% |
| FY2019 | $625.0M | -$79.0M | -$1.76 | — | -20.5% | -15.3% |
| FY2018 | $1.7B | $236.0M | $5.24 | — | 23.3% | 37.1% |
| FY2017 | $691.5M | $59.0M | $1.42 | — | 9.1% | 13.1% |
| FY2016 | $230.6M | -$88.4M | -$2.94 | — | -13.5% | -9.9% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
MAMMOTH ENERGY SERVICES, INC. is facing top-line stagnation, with revenue contracting over the decade.
MAMMOTH ENERGY SERVICES, INC. has historically struggled to out-earn its cost of capital, averaging just -6.7% ROIC.
MAMMOTH ENERGY SERVICES, INC. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, MAMMOTH ENERGY SERVICES, INC. is modeled at -28.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-4.14 per share.