Flotek Industries (FTK) Revenue & Revenue Breakdown

OverviewOwnership Financials Chart Transcripts

Flotek Industries Revenue Highlights

Latest Revenue (Y)

$188.06M

Latest Revenue (Q)

$49.74M

Main Segment (Y)

Product

Main Geography (Y)

UNITED STATES

Flotek Industries Revenue by Period

Flotek Industries Revenue by Year

Date	Revenue	Change
2023-12-31	$188.06M	38.18%
2022-12-31	$136.09M	214.53%
2021-12-31	$43.27M	-18.58%
2020-12-31	$53.14M	-55.48%
2019-12-31	$119.35M	-32.86%
2018-12-31	$177.77M	-43.94%
2017-12-31	$317.10M	20.65%
2016-12-31	$262.83M	-21.39%
2015-12-31	$334.36M	-25.56%
2014-12-31	$449.16M	21.05%
2013-12-31	$371.06M	18.62%
2012-12-31	$312.83M	20.88%
2011-12-31	$258.79M	76.07%
2010-12-31	$146.98M	30.59%
2009-12-31	$112.55M	-50.21%
2008-12-31	$226.06M	43.07%
2007-12-31	$158.01M	57.00%
2006-12-31	$100.64M	90.36%
2005-12-31	$52.87M	141.62%
2004-12-31	$21.88M	47.40%
2003-12-31	$14.84M	11.94%
2002-12-31	$13.26M	5.56%
2001-12-31	$12.56M	704.30%
2001-02-28	$1.56M	-12.93%
1999-02-28	$1.79M	-43.62%
1998-02-28	$3.18M	-

Flotek Industries generated $188.06M in revenue during NA 2023, up 38.18% compared to the previous quarter, and up 105.79% compared to the same period a year ago.

Flotek Industries Revenue by Quarter

Date	Revenue	Change
2024-09-30	$49.74M	7.78%
2024-06-30	$46.15M	14.31%
2024-03-31	$40.37M	-4.30%
2023-12-31	$42.19M	-10.75%
2023-09-30	$47.27M	-6.57%
2023-06-30	$50.59M	5.39%
2023-03-31	$48.01M	-0.44%
2022-12-31	$48.22M	5.69%
2022-09-30	$45.62M	55.32%
2022-06-30	$29.37M	128.07%
2022-03-31	$12.88M	5.97%
2021-12-31	$12.15M	19.40%
2021-09-30	$10.18M	11.06%
2021-06-30	$9.16M	-22.13%
2021-03-31	$11.77M	-2.78%
2020-12-31	$12.11M	-4.97%
2020-09-30	$12.74M	43.46%
2020-06-30	$8.88M	-54.26%
2020-03-31	$19.42M	-0.56%
2019-12-31	$19.53M	-10.75%
2019-09-30	$21.88M	-36.93%
2019-06-30	$34.69M	-19.80%
2019-03-31	$43.26M	-0.44%
2018-12-31	$43.45M	-38.79%
2018-09-30	$70.99M	20.15%
2018-06-30	$59.09M	-2.36%
2018-03-31	$60.52M	-16.54%
2017-12-31	$72.51M	-8.75%
2017-09-30	$79.46M	-6.71%
2017-06-30	$85.18M	6.53%
2017-03-31	$79.95M	13.24%
2016-12-31	$70.60M	-4.17%
2016-09-30	$73.68M	1.88%
2016-06-30	$72.32M	0.04%
2016-03-31	$72.29M	-6.13%
2015-12-31	$77.01M	-12.43%
2015-09-30	$87.94M	1.05%
2015-06-30	$87.03M	5.65%
2015-03-31	$82.37M	-33.84%
2014-12-31	$124.50M	6.63%
2014-09-30	$116.76M	10.87%
2014-06-30	$105.32M	2.67%
2014-03-31	$102.58M	1.71%
2013-12-31	$100.85M	2.50%
2013-09-30	$98.39M	5.13%
2013-06-30	$93.59M	19.61%
2013-03-31	$78.24M	2.01%
2012-12-31	$76.70M	-2.45%
2012-09-30	$78.63M	0.42%
2012-06-30	$78.30M	-1.13%
2012-03-31	$79.19M	5.73%
2011-12-31	$74.90M	-0.21%
2011-09-30	$75.06M	34.23%
2011-06-30	$55.92M	5.70%
2011-03-31	$52.91M	11.48%
2010-12-31	$47.46M	18.69%
2010-09-30	$39.98M	28.25%
2010-06-30	$31.17M	9.88%
2010-03-31	$28.37M	15.56%
2009-12-31	$24.55M	3.15%
2009-09-30	$23.80M	1.28%
2009-06-30	$23.50M	-42.26%
2009-03-31	$40.70M	-32.16%
2008-12-31	$60.00M	-4.45%
2008-09-30	$62.79M	10.52%
2008-06-30	$56.81M	22.25%
2008-03-31	$46.47M	7.08%
2007-12-31	$43.40M	-

Flotek Industries generated $49.74M in revenue during Q3 2024, up 7.78% compared to the previous quarter, and up 98.32% compared to the same period a year ago.

Flotek Industries Revenue Breakdown

Flotek Industries Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Product	$182.69M	$132.52M	$40.27M	$50.48M	$115.47M
Service	$5.36M	$3.57M	$3.00M	$2.66M	$3.88M

Flotek Industries's latest annual revenue breakdown by segment (product or service), as of Dec 23: Product (97.15%), and Service (2.85%).

Quarterly Revenue by Product

Product/Service	Sep 24	Mar 24	Dec 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19
Product	$48.24M	$39.11M	$86.87M	$49.06M	$46.77M	$47.16M	$44.57M	$28.59M	$12.20M	$11.25M	$9.49M	$8.44M	$11.08M	$11.43M	$12.08M	$8.18M	$18.80M	$18.74M	$21.03M	$33.63M
Service	$1.50M	$1.27M	$2.59M	$1.53M	$1.24M	$1.05M	$1.05M	$785.00K	$680.00K	$906.00K	$685.00K	$721.00K	$688.00K	$681.00K	$663.00K	$704.00K	$616.00K	$788.00K	$848.00K	$1.06M

Flotek Industries's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Product (96.99%), and Service (3.01%).

Flotek Industries Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
UNITED STATES	$180.30M	$124.40M	$33.19M	$40.63M	$104.79M
Non-US	$1.21M	$2.44M	$5.57M	$5.75M	$14.57M
UNITED ARAB EMIRATES	$6.55M	$9.26M	$4.51M	$6.76M	-

Flotek Industries's latest annual revenue breakdown by geography, as of Dec 23: UNITED STATES (95.87%), UNITED ARAB EMIRATES (3.48%), and Non-US (0.64%).

Quarterly Revenue by Country

Country	Sep 24	Mar 24	Dec 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19
UNITED ARAB EMIRATES	$592.00K	$741.00K	$3.64M	$1.51M	$1.40M	$2.56M	$2.24M	$3.14M	$1.31M	$771.00K	$1.32M	$1.32M	$1.10M	$2.98M	$1.47M	-	-	-	-	-
Non-US	$652.00K	$374.00K	$371.00K	$360.00K	$478.00K	$213.00K	$711.00K	$279.00K	$1.23M	$2.82M	$766.00K	$977.00K	$1.01M	$1.13M	$1.34M	$1.94M	$3.64M	$4.39M	$2.22M	$3.58M
UNITED STATES	$48.50M	$39.26M	$85.45M	$48.73M	$46.13M	$45.44M	$42.67M	$25.95M	$10.33M	$8.56M	$8.09M	$6.87M	$9.66M	$7.99M	$9.93M	$6.94M	$15.78M	$15.13M	$19.66M	$31.11M

Flotek Industries's latest quarterly revenue breakdown by geography, as of Sep 24: UNITED STATES (97.50%), Non-US (1.31%), and UNITED ARAB EMIRATES (1.19%).

Flotek Industries Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
LBRT	Liberty Energy	$4.75B	$1.14B
MRC	MRC Global	$3.41B	$2.74B
NEX	NexTier Oilfield Solutions	$3.24B	$945.09M
EFXT	Enerflex	$3.16B	$860.40M
DNOW	NOW	$2.32B	$633.00M
PUMP	ProPetro	$1.63B	$360.87M
VTOL	Bristow Group	$1.23B	$365.12M
KLXE	KLX Energy Services	$888.40M	$188.90M
OIS	Oil States	$782.28M	-
NR	Newpark Resources	$749.60M	$-188.15M
FET	Forum Energy	$738.90M	$207.81M
RNGR	Ranger Energy Services	$636.60M	$153.00M
CCLP	CSI Compressco LP	$386.13M	$98.27M
SOI	Solaris Oilfield Infrastructure	$292.95M	$73.89M
FTK	Flotek Industries	$188.06M	$49.74M
GEOS	Geospace	$124.51M	$25.86M
NGS	Natural Gas Services Group	$121.17M	$38.49M
DRQ	Dril-Quip	$2.56M	$120.34M

FTK Revenue FAQ

What is Flotek Industries’s yearly revenue?

Flotek Industries's yearly revenue for 2023 was $188.06M, representing an increase of 38.18% compared to 2022. The company's yearly revenue for 2022 was $136.09M, representing an increase of 214.53% compared to 2021. FTK's yearly revenue for 2021 was $43.27M, representing a decrease of -18.58% compared to 2020.

What is Flotek Industries’s quarterly revenue?

Flotek Industries's quarterly revenue for Q3 2024 was $49.74M, a 7.78% increase from the previous quarter (Q2 2024), and a 5.23% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $46.15M, a 14.31% increase from the previous quarter (Q1 2024), and a -8.78% decrease year-over-year (Q2 2023). FTK's quarterly revenue for Q1 2024 was $40.37M, a -4.30% decrease from the previous quarter (Q4 2023), and a -15.90% decrease year-over-year (Q1 2023).

What is Flotek Industries’s revenue growth rate?

Flotek Industries's revenue growth rate for the last 3 years (2021-2023) was 334.64%, and for the last 5 years (2019-2023) was 57.56%.

What are Flotek Industries’s revenue streams?

Flotek Industries's revenue streams in c 23 are Product, and Service. Product generated $182.7M in revenue, accounting 97.15% of the company's total revenue, up 37.86% year-over-year. Service generated $5.36M in revenue, accounting 2.85% of the company's total revenue, up 50.18% year-over-year.

What is Flotek Industries’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Flotek Industries was Product. This segment made a revenue of $182.7M, representing 97.15% of the company's total revenue.