Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| Mammoth Energy Services, Inc.TUSK · energy | |
|---|---|
| Grade |  Eweakest fifth of 148 graded peers; percentile 96.6, sampling error 3.6 points; lower is stronger |
| Rank | 143 of 148 |
| Profitability | Epercentile 96.7 |
| Solvency | A/Bpercentile 22.8 |
| Growth and financing | D/Epercentile 81.6 |
| 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 $334.9M[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | none active · fortress balance sheet |
| Inputs computable | 7 of 14 |
| Graded from | filings received through Mar 6, 2026217 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $2.772026-10-08; market equity $133.1M; 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 6, 2026; the document on sec.gov.
We are an integrated, growth-oriented services company focused on providing products and services to our customers primarily in the oil and natural gas, aviation and utility infrastructure industries. Our primary business objective is to drive returns through improved execution by prioritizing asset utilization, margin expansion, and capital efficiency across the portfolio. Our suite of services includes rental services, infrastructure services, natural sand proppant services, accommodation services and drilling services. Our rental services segment provides a wide range of equipment used in oilfield, construction and aviation activities.
Warnings [top]
7 checks ran; none of them enters the letter. The checks are listed on the warnings screen.
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 96.7 | |||||||
| Gross profitability | not computable | 17.5% | |||||
| latest aligned inputs end 2023-12-31; latest annual assets end 2025-12-31 | |||||||
| Return on invested capital | not computable | 6.0% | |||||
| latest aligned inputs end 2024-12-31; latest annual assets end 2025-12-31 | |||||||
| Accruals ratio | 6.4% | [1,5-7] | (5.0%) | 96.7 | 271 | 2025-12-31 | |
| Gross margin stability, five years | not computable | 4.6 pts | |||||
| latest aligned inputs end 2023-12-31; latest annual assets end 2025-12-31 | |||||||
| Solvency, sleeve percentile 22.8 | |||||||
| Twelve-month failure probability | 0.03% | 0.06% | 27.3 | 12 | 2026-06-30 | ||
| Altman Z double-prime | 1.77 | [1,8-13] | 1.48 | 32.5 | 152 | 2025-12-31 | |
| Net debt to EBITDA | not computable | 3.63x | |||||
| EBITDA must exceed $100,000 | |||||||
| Interest coverage | not computable | 2.37x | |||||
| latest aligned inputs end 2024-12-31; latest annual assets end 2025-12-31 | |||||||
| Current ratio | 2.53x | [8-9] | 0.97x | 8.5 | 282 | 2025-12-31 | |
| Growth and financing, sleeve percentile 81.6 | |||||||
| Revenue growth, three-year compound | (50.4%) | [2,14-16] | 0.7% | 100.0 | 222 | 2025-12-31 | |
| Free cash flow growth, three-year compound | not computable | (11.8%) | |||||
| four consecutive annual FCF observations are required; found 3 | |||||||
| Reinvestment rate | not computable | 59.0% | |||||
| pretax income must exceed the validity floor and imply a 0%-100% tax rate | |||||||
| Asset growth, three years | (22.7%) | [1,7,17-18] | 6.4% | 98.0 | 246 | 2025-12-31 | |
| Net share issuance, one year | 0.5% | [19-20] | 0.4% | 46.8 | 157 | 2026-03-03 | |
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 0.403; sampling error 3.6 percentile points on 148 peers.
Among 148 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 |
|---|---|---|---|---|
| 138 | NGL Energy Partners L.P. (NGL-PC) NGL Energy Partners L.P. (NGL-PC) Eweakest fifth; percentile 92.5 NYSE · Natural Gas Transmission No active warnings; 10 of 14 inputs | 92.5 | E | |
| 139 | BIG SKY Industrial Inc. (BSIN) BIG SKY Industrial Inc. (BSIN) Eweakest fifth; percentile 93.9 Nasdaq · Crude Petroleum & Natural Gas market equity $76.1M; last close $1.44 Warnings: dilution; 7 of 14 inputs | 93.9 | E | dilution |
| 140 | Xplr Infrastructure, L.P. (XIFR) Xplr Infrastructure, L.P. (XIFR) Eweakest fifth; percentile 94.6 NYSE · Electric Services market equity $974.8M; last close $10.34 No active warnings; 7 of 14 inputs | 94.6 | E | |
| 141 | Spire Inc. (SR) Spire Inc. (SR) Eweakest fifth; percentile 95.6 NYSE · Natural Gas Distribution last close $77.93 No active warnings; 7 of 14 inputs | 95.6 | E | |
| 142 | Spire Inc. (SRJN) Spire Inc. (SRJN) Eweakest fifth; percentile 95.6 NYSE · Natural Gas Distribution last close $21.09 No active warnings; 7 of 14 inputs | 95.6 | E | |
| 143 | Mammoth Energy Services, Inc. (TUSK) Mammoth Energy Services, Inc. (TUSK) Eweakest fifth; percentile 96.6 Nasdaq · Oil & Gas Field Services, NEC market equity $132.8M; last close $2.77 Warnings: fortress balance sheet; 7 of 14 inputs | 96.6 | E | fortress balance sheet |
| 144 | Cheniere Energy Partners, L.P. (CQP) Cheniere Energy Partners, L.P. (CQP) Eweakest fifth; percentile 97.3 NYSE · Natural Gas Distribution market equity $30.9B; last close $63.64 No active warnings; 7 of 14 inputs | 97.3 | E | |
| 145 | PBF Energy Inc. (PBF) PBF Energy Inc. (PBF) Eweakest fifth; percentile 98.0 NYSE · Petroleum Refining last close $89.35 No active warnings; 8 of 14 inputs | 98.0 | E | |
| 146 | Ocean Power Technologies, Inc. (OPTT) Ocean Power Technologies, Inc. (OPTT) Eweakest fifth; percentile 98.6 NYSE · Electric Services market equity $270,169; last close $0.91 Warnings: short runway, late filer, distress; 10 of 14 inputs | 98.6 | E | short runway, late filer, distress |
| 147 | Clean Energy Technologies, Inc. (CETY) Clean Energy Technologies, Inc. (CETY) Eweakest fifth; percentile 99.3 Nasdaq · Natural Gas Distribution market equity $12.4M; last close $0.99 Warnings: dilution, late filer; 8 of 14 inputs | 99.3 | E | dilution, late filer |
| 148 | Arcadia Biosciences, Inc. (RKDA) Arcadia Biosciences, Inc. (RKDA) Eweakest fifth; percentile 100.0 Nasdaq · Crude Petroleum & Natural Gas market equity $659,160; last close $0.27 Warnings: distress, fortress balance sheet; 8 of 14 inputs | 100.0 | E | distress, fortress balance sheet |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | E | 93.9 | 2204 |
| sector peers, equal sleeves (the grade) | E | 96.6 | 148 |
| same exchange, equal sleeves | E | 91.0 | 1219 |
| sector peers, equal inputs | D | 76.2 | 148 |
Each letter is one fifth of the 148 graded peers, about 29 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 | 36.7% | 15.5% | 72 | hotter than 72 of 100 peers |
| Distance from 52-week high | (28.1%) | (15.4%) | 19 | closer to its high than 19 of 100 peers |
| EBIT to enterprise value | (70.1%) | 4.6% | 1 | pricier than 99 of 100 peers |
| Free cash flow yield | (67.1%) | 1.3% | 3 | pricier than 97 of 100 peers |
| Book value to price | 1.98 | 0.53 | 96 | pricier than 4 of 100 peers |
| Sales to price | 0.33 | 0.45 | 35 | pricier than 65 of 100 peers |
| Composite equity issuance, five years | 5.0% | (7.2%) | 67 | more equity-funded than 67 of 100 peers |
| Relative strength against the sector, log excess return | (0.06) | 0.04 | 35 | ahead of 35 of 100 peers |
Inputs: market equity $132.8M; EBIT -$57.4M; free cash flow -$89.1M; book equity $262.4M; sales $44.3M; debt $0; cash $50.9M[21].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: None of 9, period end 2025-12-31 | ||
|---|---|---|
| Return on assets above zero | 1.2% | ✓ pass[5,7] |
| Operating cash flow above zero | -$18.6M | ✗ fail[6] |
| Return on assets improved | 30.9 pts | ✓ pass[5,7,17,22] |
| Operating cash flow exceeds net income | -$23.2M | ✗ fail[5-6] |
| Long-term leverage fell | n/a[1,7,17,23] | |
| Current ratio improved | 88.3 pts | ✓ pass[8-9,24-25] |
| No new shares issued | 0.5% | ✗ fail[19-20] |
| Gross margin improved | n/a | |
| Asset turnover improved | 5.0 pts | ✓ pass[2,7,14,17] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | $50.9M[26] |
| Operating cash flow, four quarters | -$18.8M[6,26-30] |
| Months of runway | 32.5 |
| Late filings, two years | 0 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 63 |
| 10-Q received Aug 7, 2026 | |
| Median daily dollar volume | $357,100 |
| 63 sessions | |
| Days since newest grade input | 217 |
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 | $334.9M | 2025-12-31 | 2026-03-06 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $44.3M | 2025-12-31 | 2026-03-06 | 10-K | filing · viewer · series |
| 3 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $60.8M | 2024-12-31 | 2026-03-06 | 10-K | filing · viewer · series |
| 4 | total debt | us-gaap:LongTermDebt | $0 | 2024-12-31 | 2025-03-07 | 10-K | filing · viewer · series |
| 5 | net income | us-gaap:NetIncomeLoss | $4.6M | 2025-12-31 | 2026-03-06 | 10-K | filing · viewer · series |
| 6 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$18.6M | 2025-12-31 | 2026-03-06 | 10-K | filing · viewer · series |
| 7 | assets | us-gaap:Assets | $384.0M | 2024-12-31 | 2026-03-06 | 10-K | filing · viewer · series |
| 8 | current assets | us-gaap:AssetsCurrent | $177.1M | 2025-12-31 | 2026-03-06 | 10-K | filing · viewer · series |
| 9 | current liabilities | us-gaap:LiabilitiesCurrent | $70.0M | 2025-12-31 | 2026-03-06 | 10-K | filing · viewer · series |
| 10 | retained earnings | us-gaap:RetainedEarningsAccumulatedDeficit | -$279.0M | 2025-12-31 | 2026-03-06 | 10-K | filing · viewer · series |
| 11 | operating income | us-gaap:OperatingIncomeLoss | -$57.4M | 2025-12-31 | 2026-03-06 | 10-K | filing · viewer · series |
| 12 | book equity | us-gaap:StockholdersEquity | $258.3M | 2025-12-31 | 2026-03-06 | 10-K | filing · viewer · series |
| 13 | liabilities | us-gaap:Liabilities | $76.6M | 2025-12-31 | 2026-03-06 | 10-K | filing · viewer · series |
| 14 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $45.6M | 2024-12-31 | 2026-03-06 | 10-K | filing · viewer · series |
| 15 | revenue | us-gaap:Revenues | $309.5M | 2023-12-31 | 2025-03-07 | 10-K | filing · viewer · series |
| 16 | revenue | us-gaap:Revenues | $362.1M | 2022-12-31 | 2025-03-07 | 10-K | filing · viewer · series |
| 17 | assets | us-gaap:Assets | $698.5M | 2023-12-31 | 2025-03-07 | 10-K | filing · viewer · series |
| 18 | assets | us-gaap:Assets | $724.7M | 2022-12-31 | 2025-03-07 | 10-K | filing · viewer · series |
| 19 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 48,358,315 | 2026-03-03 | 2026-03-06 | 10-K | filing · viewer · series |
| 20 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 48,127,369 | 2025-03-05 | 2025-03-07 | 10-K | filing · viewer · series |
| 21 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 48,127,585 | 2026-08-04 | 2026-08-07 | 10-Q | filing · viewer · series |
| 22 | net income | us-gaap:NetIncomeLoss | -$207.3M | 2024-12-31 | 2026-03-06 | 10-K | filing · viewer · series |
| 23 | long term debt | us-gaap:LongTermDebtNoncurrent | $0 | 2024-12-31 | 2025-03-07 | 10-K | filing · viewer · series |
| 24 | current assets | us-gaap:AssetsCurrent | $188.6M | 2024-12-31 | 2026-03-06 | 10-K | filing · viewer · series |
| 25 | current liabilities | us-gaap:LiabilitiesCurrent | $114.5M | 2024-12-31 | 2026-03-06 | 10-K | filing · viewer · series |
| 26 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $50.9M | 2026-06-30 | 2026-08-07 | 10-Q | filing · viewer · series |
| 27 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$10.0M | 2026-06-30 | 2026-08-07 | 10-Q | filing · viewer · series |
| 28 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$3.0M | 2026-03-31 | 2026-05-11 | 10-Q | filing · viewer · series |
| 29 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$9.1M | 2025-09-30 | 2025-11-03 | 10-Q | filing · viewer · series |
| 30 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$9.8M | 2025-06-30 | 2026-08-07 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 96.6 is 16.6 points from the nearest band edge; sampling error is 3.6 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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