Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| Flotek IndustriesFTK · chemicals | |
|---|---|
| Grade |  Dfourth fifth of 331 graded peers; percentile 69.4, sampling error 2.7 points; lower is stronger |
| Rank | 217 of 331 |
| Profitability | Dpercentile 72.9 |
| Solvency | Cpercentile 57.1 |
| Growth and financing | B/Cpercentile 41.8 |
| Reliability | 0.87 AUCfailure model, filers with $120M to $591M assets; 95% interval 0.83 to 0.90; 206 events, 2020 to 2025 |
| Peer failure rate | 1.03% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | $120M to $591M assetstotal assets $220.0M[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | none activenot computable: distress |
| Inputs computable | 9 of 14 |
| Graded from | filings received through Mar 16, 2026207 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $27.212026-10-08; market equity $985.6M; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Mar 16, 2026; the document on sec.gov.
Flotek strives to be the collaborative partner of choice for solutions that reduce the environmental impact of energy on air, water, land and people. An advanced technology-driven, chemical and data analytics company, Flotek seeks to provide unique and innovative solutions to its customers in both the domestic and international energy markets. The Company is committed to delivering products and services that endeavor to maximize customer returns by leveraging chemistry as the common value creation platform.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 72.9 | |||||||
| Gross profitability | 27.2% | [1,3] | 21.3% | 27.9 | 359 | 2025-12-31 | |
| Return on invested capital | not computable | 9.5% | |||||
| prior invested-capital observation is 731 days earlier | |||||||
| Accruals ratio | 11.9% | [1,4-6] | (4.2%) | 97.2 | 400 | 2025-12-31 | |
| Gross margin stability, five years | 10.6 pts | [2-3,7-14] | 2.2 pts | 93.7 | 301 | 2025-12-31 | |
| Solvency, sleeve percentile 57.1 | |||||||
| Twelve-month failure probability | not computable | 0.05% | |||||
| latest liabilities, cash plus short-term investments, book equity, and shares are required | |||||||
| Altman Z double-prime | (0.95) | [1,15-20] | 3.41 | 76.7 | 301 | 2025-12-31 | |
| Net debt to EBITDA | 1.37x | [18,21-23] | 1.88x | 33.6 | 150 | 2025-12-31 | |
| Interest coverage | not computable | 4.16x | |||||
| latest aligned inputs end 2023-12-31; latest annual assets end 2025-12-31 | |||||||
| Current ratio | 1.80x | [15-16] | 2.20x | 61.1 | 423 | 2025-12-31 | |
| Growth and financing, sleeve percentile 41.8 | |||||||
| Revenue growth, three-year compound | 20.4% | [2,8,10,12] | 1.2% | 8.9 | 350 | 2025-12-31 | |
| Free cash flow growth, three-year compound | not computable | 12.6% | |||||
| current FCF must be positive and base FCF must exceed $100,000 | |||||||
| Reinvestment rate | not computable | 24.3% | |||||
| NOPAT must exceed $100,000 | |||||||
| Asset growth, three years | 10.1% | [1,6,24-25] | 2.9% | 24.7 | 369 | 2025-12-31 | |
| Net share issuance, one year | 21.3% | [26-27] | 0.0% | 91.9 | 321 | 2026-03-13 | |
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite 0.163; sampling error 2.7 percentile points on 331 peers.
Among 331 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 212 | Park Ohio Holdings Corp. (PKOH) Park Ohio Holdings Corp. (PKOH) Dfourth fifth; percentile 67.7 Nasdaq · Metal Forgings & Stampings market equity $702.0M; last close $49.01 No active warnings; 8 of 14 inputs | 67.7 | D | |
| 213 | Hyster-Yale, Inc. (HY) Hyster-Yale, Inc. (HY) Dfourth fifth; percentile 68.1 NYSE · Industrial Trucks, Tractors, Trailors & Stackers last close $32.47 No active warnings; 9 of 14 inputs | 68.1 | D | |
| 214 | Latham Group, Inc. (SWIM) Latham Group, Inc. (SWIM) Dfourth fifth; percentile 68.5 Nasdaq · Plastics Products, NEC market equity $712.9M; last close $6.06 No active warnings; 9 of 14 inputs | 68.5 | D | |
| 215 | Quad/Graphics, Inc. (QUAD) Quad/Graphics, Inc. (QUAD) Dfourth fifth; percentile 68.9 NYSE · Commercial Printing last close $9.48 No active warnings; 12 of 14 inputs | 68.9 | D | |
| 216 | Kimberly Clark Corp. (KMB) Kimberly Clark Corp. (KMB) Dfourth fifth; percentile 69.3 Nasdaq · Converted Paper & Paperboard Prods (No Contaners/Boxes) market equity $32.5B; last close $97.73 No active warnings; 12 of 14 inputs | 69.3 | D | |
| 217 | Flotek Industries (FTK) Flotek Industries (FTK) Dfourth fifth; percentile 69.4 NYSE · Miscellaneous Chemical Products market equity $985.9M; last close $27.21 No active warnings; 9 of 14 inputs | 69.4 | D | |
| 218 | Eaton Corp. plc (ETN) Eaton Corp. plc (ETN) Dfourth fifth; percentile 69.7 NYSE · Misc Industrial & Commercial Machinery & Equipment market equity $164.9B; last close $424.46 No active warnings; 8 of 14 inputs | 69.7 | D | |
| 219 | Titan International Inc. (TWI) Titan International Inc. (TWI) Dfourth fifth; percentile 70.1 NYSE · Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) market equity $440.2M; last close $6.83 No active warnings; 9 of 14 inputs | 70.1 | D | |
| 220 | Westinghouse AIR Brake Technologies Corp. (WAB) Westinghouse AIR Brake Technologies Corp. (WAB) Dfourth fifth; percentile 70.5 NYSE · Railroad Equipment market equity $47.4B; last close $280.93 No active warnings; 10 of 14 inputs | 70.5 | D | |
| 221 | StandardAero, Inc. (SARO) StandardAero, Inc. (SARO) Dfourth fifth; percentile 70.9 NYSE · Aircraft Engines & Engine Parts market equity $6.7B; last close $20.32 No active warnings; 7 of 14 inputs | 70.9 | D | |
| 222 | JBT Marel Corp. (JBTM) JBT Marel Corp. (JBTM) Dfourth fifth; percentile 71.3 NYSE · Special Industry Machinery (No Metalworking Machinery) market equity $5.5B; last close $105.36 No active warnings; 11 of 14 inputs | 71.3 | D |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | D | 70.0 | 2204 |
| sector peers, equal sleeves (the grade) | D | 69.4 | 331 |
| same exchange, equal sleeves | D | 70.3 | 984 |
| sector peers, equal inputs | D | 70.0 | 331 |
Each letter is one fifth of the 331 graded peers, about 66 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | 62.5% | 13.8% | 85 | hotter than 85 of 100 peers |
| Distance from 52-week high | (29.9%) | (24.2%) | 39 | closer to its high than 39 of 100 peers |
| EBIT to enterprise value | 2.3% | 3.9% | 35 | pricier than 65 of 100 peers |
| Free cash flow yield | (4.6%) | 3.2% | 16 | pricier than 84 of 100 peers |
| Book value to price | 0.13 | 0.39 | 15 | pricier than 85 of 100 peers |
| Sales to price | 0.24 | 0.57 | 20 | pricier than 80 of 100 peers |
| Composite equity issuance, five years | 109.7% | (9.9%) | 96 | more equity-funded than 96 of 100 peers |
| Relative strength against the sector, log excess return | 0.31 | (0.02) | 83 | ahead of 83 of 100 peers |
Inputs: market equity $985.9M; EBIT $23.2M; free cash flow -$45.1M; book equity $129.2M; sales $237.3M; debt $40.0M; cash $4.4M[28].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: 5 of 9, period end 2025-12-31 | ||
|---|---|---|
| Return on assets above zero | 17.9% | ✓ pass[4,6] |
| Operating cash flow above zero | $7.2M | ✓ pass[5] |
| Return on assets improved | 11.2 pts | ✓ pass[4,6,24,29] |
| Operating cash flow exceeds net income | -$23.3M | ✗ fail[4-5] |
| Long-term leverage fell | 20.5 pts | ✗ fail[1,6,21,24,30] |
| Current ratio improved | (11.6 pts) | ✗ fail[15-16,31-32] |
| No new shares issued | 21.3% | ✗ fail[26-27] |
| Gross margin improved | 4.2 pts | ✓ pass[2-3,7-8] |
| Asset turnover improved | 20.2 pts | ✓ pass[2,6,8,24] |
Downloads [top]
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Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $220.0M | 2025-12-31 | 2026-03-16 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $237.3M | 2025-12-31 | 2026-03-16 | 10-K | filing · viewer · series |
| 3 | gross profit | us-gaap:GrossProfit | $59.8M | 2025-12-31 | 2026-03-16 | 10-K | filing · viewer · series |
| 4 | net income | us-gaap:NetIncomeLoss | $30.5M | 2025-12-31 | 2026-03-16 | 10-K | filing · viewer · series |
| 5 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $7.2M | 2025-12-31 | 2026-03-16 | 10-K | filing · viewer · series |
| 6 | assets | us-gaap:Assets | $170.8M | 2024-12-31 | 2026-03-16 | 10-K | filing · viewer · series |
| 7 | gross profit | us-gaap:GrossProfit | $39.4M | 2024-12-31 | 2026-03-16 | 10-K | filing · viewer · series |
| 8 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $187.0M | 2024-12-31 | 2026-03-16 | 10-K | filing · viewer · series |
| 9 | gross profit | us-gaap:GrossProfit | $24.3M | 2023-12-31 | 2025-03-12 | 10-K | filing · viewer · series |
| 10 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $188.1M | 2023-12-31 | 2025-03-12 | 10-K | filing · viewer · series |
| 11 | gross profit | us-gaap:GrossProfit | -$6.7M | 2022-12-31 | 2024-03-15 | 10-K | filing · viewer · series |
| 12 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $136.1M | 2022-12-31 | 2024-03-15 | 10-K | filing · viewer · series |
| 13 | gross profit | us-gaap:GrossProfit | $3.3M | 2021-12-31 | 2023-03-23 | 10-K | filing · viewer · series |
| 14 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $39.6M | 2021-12-31 | 2023-03-23 | 10-K | filing · viewer · series |
| 15 | current assets | us-gaap:AssetsCurrent | $110.8M | 2025-12-31 | 2026-03-16 | 10-K | filing · viewer · series |
| 16 | current liabilities | us-gaap:LiabilitiesCurrent | $61.6M | 2025-12-31 | 2026-03-16 | 10-K | filing · viewer · series |
| 17 | retained earnings | us-gaap:RetainedEarningsAccumulatedDeficit | -$285.8M | 2025-12-31 | 2026-03-16 | 10-K | filing · viewer · series |
| 18 | operating income | us-gaap:OperatingIncomeLoss | $23.2M | 2025-12-31 | 2026-03-16 | 10-K | filing · viewer · series |
| 19 | book equity | us-gaap:StockholdersEquity | $113.1M | 2025-12-31 | 2026-03-16 | 10-K | filing · viewer · series |
| 20 | liabilities | us-gaap:Liabilities | $107.0M | 2025-12-31 | 2026-03-16 | 10-K | filing · viewer · series |
| 21 | total debt | us-gaap:LongTermDebt | $40.0M | 2025-12-31 | 2026-03-16 | 10-K | filing · viewer · series |
| 22 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $5.7M | 2025-12-31 | 2026-03-16 | 10-K | filing · viewer · series |
| 23 | depreciation amortization | us-gaap:Depreciation | $1.8M | 2025-12-31 | 2026-03-16 | 10-K | filing · viewer · series |
| 24 | assets | us-gaap:Assets | $157.5M | 2023-12-31 | 2025-03-12 | 10-K | filing · viewer · series |
| 25 | assets | us-gaap:Assets | $164.8M | 2022-12-31 | 2024-03-15 | 10-K | filing · viewer · series |
| 26 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 36,172,491 | 2026-03-13 | 2026-03-16 | 10-K | filing · viewer · series |
| 27 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 29,827,989 | 2025-03-10 | 2025-03-12 | 10-K | filing · viewer · series |
| 28 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 36,220,429 | 2026-08-03 | 2026-08-06 | 10-Q | filing · viewer · series |
| 29 | net income | us-gaap:NetIncomeLoss | $10.5M | 2024-12-31 | 2026-03-16 | 10-K | filing · viewer · series |
| 30 | long term debt | us-gaap:LongTermDebtNoncurrent | $0 | 2024-12-31 | 2025-03-12 | 10-K | filing · viewer · series |
| 31 | current assets | us-gaap:AssetsCurrent | $96.5M | 2024-12-31 | 2026-03-16 | 10-K | filing · viewer · series |
| 32 | current liabilities | us-gaap:LiabilitiesCurrent | $50.4M | 2024-12-31 | 2026-03-16 | 10-K | filing · viewer · series |
| 33 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $4.4M | 2026-06-30 | 2026-08-06 | 10-Q | filing · viewer · series |
| 34 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$6.6M | 2026-06-30 | 2026-08-06 | 10-Q | filing · viewer · series |
| 35 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $21,000 | 2026-03-31 | 2026-05-07 | 10-Q | filing · viewer · series |
| 36 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $957,000 | 2025-09-30 | 2025-11-07 | 10-Q | filing · viewer · series |
| 37 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $2.8M | 2025-06-30 | 2026-08-06 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 69.4 is 9.4 points from the nearest band edge; sampling error is 2.7 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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