Flotek Industries (FTK) Revenue & Revenue Breakdown
Flotek Industries Revenue Highlights
Latest Revenue (Y)
$188.06M
Latest Revenue (Q)
$40.37M
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 |
|---|---|---|
| 2024-03-31 | $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 $40.37M in revenue during Q1 2024, up -4.30% compared to the previous quarter, and up 83.73% 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 | 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 | Mar 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Product | $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 | $42.07M |
| Service | $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 | $1.18M |
Flotek Industries's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Product (96.86%), and Service (3.14%).
Flotek Industries Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| UNITED ARAB EMIRATES | $6.55M | $9.26M | $4.51M | $6.76M | - |
| UNITED STATES | $180.30M | $124.40M | $33.19M | $40.63M | $104.79M |
| Non-US | $1.21M | $2.44M | $5.57M | $5.75M | $14.57M |
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 | 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 | Mar 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| UNITED ARAB EMIRATES | $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 | - | - | - | - | - | - |
| UNITED STATES | $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 | $38.88M |
| Non-US | $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 | $4.38M |
Flotek Industries's latest quarterly revenue breakdown by geography, as of Mar 24: UNITED STATES (97.24%), UNITED ARAB EMIRATES (1.84%), and Non-US (0.93%).
Flotek Industries Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| LBRT | Liberty Energy | $4.75B | $1.16B |
| MRC | MRC Global | $3.41B | $806.00M |
| NEX | NexTier Oilfield Solutions | $3.24B | $945.09M |
| EFXT | Enerflex | $3.16B | $860.40M |
| DNOW | NOW | $2.32B | $563.00M |
| PUMP | ProPetro | $1.63B | $357.02M |
| VTOL | Bristow Group | $1.23B | $338.09M |
| KLXE | KLX Energy Services | $888.40M | $180.20M |
| OIS | Oil States | $782.28M | - |
| NR | Newpark Resources | $749.60M | $179.01M |
| FET | Forum Energy | $738.90M | $205.20M |
| RNGR | Ranger Energy Services | $636.60M | $138.10M |
| CCLP | CSI Compressco LP | $386.13M | $98.27M |
| SOI | Solaris Oilfield Infrastructure | $292.95M | $73.89M |
| FTK | Flotek Industries | $188.06M | $40.37M |
| GEOS | Geospace | $124.51M | $25.86M |
| NGS | Natural Gas Services Group | $121.17M | $38.49M |
| DRQ | Dril-Quip | $2.56M | $110.30M |
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 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). The company's quarterly revenue for Q4 2023 was $42.19M, a -10.75% decrease from the previous quarter (Q3 2023), and a -12.51% decrease year-over-year (Q4 2022). FTK's quarterly revenue for Q3 2023 was $47.27M, a -6.57% decrease from the previous quarter (Q2 2023), and a 3.61% increase year-over-year (Q3 2022).
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.