Estados financieros detallados de Flotek Industries, Inc. (FTK): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Flotek Industries, Inc. registró ingresos de $237.3M en el último ejercicio fiscal, con un CAGR de 5 años del 34.9%.
Márgenes de los últimos 12 meses: margen bruto 24.5%, margen operativo 13.1%, margen neto 13.0%.
Al precio actual de $28.13, FTK cotiza a un P/E de 26.95 y un ROE del 32.27%. La capitalización bursátil es de $1.0B.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $262.8M | $317.1M | $177.8M | $119.4M | $53.1M | $43.3M | $136.1M | $188.1M | $187.0M | $237.3M |
| Coste de Ventas | $172.2M | $227.3M | $9.2M | $8.5M | $81.8M | $40.0M | $142.8M | $163.8M | $147.6M | $177.4M |
| Beneficio Bruto | $90.7M | $89.8M | $168.6M | $110.9M | -$28.7M | $3.3M | -$6.7M | $24.3M | $39.4M | $59.8M |
| I+D | $9.3M | $13.6M | $10.4M | $8.9M | $7.2M | $5.5M | $4.4M | $2.5M | $1.7M | $1.8M |
| Generales y Administrativos | $80.2M | $41.5M | $31.5M | $28.0M | $22.8M | $20.2M | $27.1M | $27.8M | $24.7M | $28.0M |
| Gastos Operativos | $98.0M | $92.4M | $201.6M | $186.4M | $115.0M | $34.7M | $28.7M | $1.0M | $27.2M | $31.7M |
| Beneficio Operativo | -$7.3M | -$2.9M | -$69.8M | -$75.5M | -$143.6M | -$31.5M | -$35.4M | $23.2M | $12.2M | $28.1M |
| EBITDA | $15.6M | $544000 | -$68.6M | -$65.3M | -$139.2M | -$29.5M | -$34.5M | $28.5M | $13.1M | $25.4M |
| Gastos por Intereses | $2.0M | $2.2M | $2.9M | $2.0M | $60000 | $78000 | $7.1M | $2.9M | $1.1M | $3.9M |
| Beneficio Antes de Impuestos | $3.1M | -$4.2M | -$80.7M | -$75.8M | -$142.6M | -$30.6M | -$42.3M | $24.9M | $11.1M | $19.7M |
| Impuestos | $1.2M | $8.8M | -$7.2M | $262000 | -$6.2M | -$40000 | -$22000 | $149000 | $649000 | -$10.9M |
| Beneficio Neto | -$49.1M | -$27.4M | -$70.3M | -$33.9M | -$136.4M | -$30.5M | -$42.3M | $24.7M | $10.5M | $30.5M |
| BPA | $-5.30 | $-2.85 | $-7.28 | $-3.42 | $-12.00 | $-2.52 | $-3.41 | $1.00 | $0.36 | $0.90 |
| BPA Diluido | $-5.26 | $-2.85 | $-7.28 | $-3.42 | $-12.00 | $-2.52 | $-3.41 | $-0.10 | $0.34 | $0.84 |
| Acciones en Circulación (Diluidas) | $9.3M | $9.6M | $9.7M | $9.8M | $11.4M | $12.2M | $12.4M | $28.4M | $30.9M | $36.2M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $56.0M | $67.5M | $70.1M | $99.4M |
| Beneficio Bruto | $17.8M | $15.2M | $14.9M | $23.8M |
| Beneficio Operativo | $9.3M | $6.5M | $7.6M | $14.9M |
| EBITDA | $9.7M | $6.7M | $10.5M | $15.5M |
| Beneficio Neto | $20.4M | $3.0M | $4.7M | $10.0M |
| BPA | $0.57 | $0.08 | $0.13 | $0.28 |
| BPA Diluido | $0.53 | $0.08 | $0.12 | $0.26 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $4.8M | $4.6M | $3.0M | $100.6M | $38.7M | $11.5M | $12.3M | $5.9M | $4.4M | $5.7M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $59.9M | $37.7M | $40.2M | $16.3M | $12.2M | $13.3M | $48.9M | $54.1M | $75.7M | $90.9M |
| Inventario | $58.3M | $75.8M | $27.3M | $23.2M | $11.8M | $9.5M | $15.7M | $12.8M | $13.3M | $10.6M |
| Activos Corrientes | $188.7M | $138.5M | $194.8M | $153.9M | $66.5M | $42.6M | $80.1M | $76.4M | $96.5M | $110.8M |
| Inmovilizado Material | $74.7M | $73.8M | $45.5M | $56.2M | $11.4M | $7.3M | $10.7M | $10.2M | $9.5M | $23.4M |
| Fondo de Comercio | $56.7M | $56.7M | 0 | 0 | $8.1M | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | $50.4M | $48.2M | $26.8M | $20.3M | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Totales | $386.6M | $329.9M | $285.9M | $230.6M | $86.2M | $50.2M | $164.8M | $157.5M | $170.8M | $220.0M |
| Cuentas por Pagar | $30.0M | $10.4M | $15.0M | $16.2M | $5.8M | $7.6M | $33.4M | $31.7M | $38.1M | $48.3M |
| Deuda a Corto | $40.6M | $27.9M | $49.7M | 0 | $4.0M | $1.4M | $105.4M | $7.7M | $4.8M | $3.3M |
| Pasivos Corrientes | $91.1M | $64.6M | $84.3M | $41.3M | $28.9M | $18.8M | $151.4M | $47.8M | $50.4M | $61.6M |
| Deuda a Largo | $7.8M | 0 | 0 | 0 | $1.6M | $3.4M | $2.7M | $60000 | 0 | $39.6M |
| Pasivos Totales | $98.9M | $64.6M | $84.3M | $58.6M | $39.0M | $30.1M | $162.2M | $55.6M | $56.9M | $107.0M |
| Reservas | -$9.8M | -$37.2M | -$107.6M | -$142.2M | -$278.7M | -$309.2M | -$351.5M | -$326.8M | -$316.3M | -$285.8M |
| Patrimonio Neto | $287.3M | $264.9M | $201.6M | $172.0M | $47.2M | $20.2M | $2.6M | $102.0M | $113.9M | $113.1M |
| Deuda Total | $48.4M | $27.9M | $49.7M | $17.7M | $14.8M | $13.3M | $119.6M | $17.9M | $12.8M | $50.2M |
| Deuda Neta | $43.6M | $23.4M | $46.7M | -$82.9M | -$23.9M | $1.7M | $107.3M | $12.0M | $8.4M | $44.4M |
| Capital Circulante | $97.6M | $73.8M | $110.5M | $112.6M | $37.6M | $23.8M | -$71.3M | $28.7M | $46.1M | $49.2M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $4.6M | $5.7M | $5.8M | $4.4M |
| Activos Totales | $212.7M | $220.0M | $231.8M | $268.0M |
| Pasivos Totales | $102.2M | $107.0M | $113.7M | $138.8M |
| Patrimonio Neto | $110.5M | $113.1M | $118.2M | $129.2M |
| Deuda Total | $53.7M | $50.2M | $51.0M | $56.2M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $1.9M | -$13.1M | -$73.1M | -$76.7M | -$136.4M | -$30.5M | -$42.3M | $24.7M | $10.5M | $30.5M |
| Amortizaciones | $10.4M | $12.2M | $9.2M | $8.5M | $3.8M | $1.0M | $4.3M | $8.8M | $6.5M | $8.1M |
| Compensación en Acciones | $12.1M | $11.2M | $7.0M | $4.2M | 0 | $3.8M | 0 | 0 | 0 | $2.3M |
| Cambio en Capital Circulante | -$6.1M | $3.8M | -$2.1M | $17.1M | -$14.8M | $523000 | -$15.2M | -$13.2M | -$18.4M | -$24.9M |
| Flujo de Caja Operativo | $2.1M | $16.4M | -$19.5M | -$19.1M | -$47.8M | -$25.8M | -$44.6M | -$11.3M | $3.4M | $7.2M |
| Inversiones (CapEx) | -$14.5M | -$9.4M | -$5.2M | -$3.0M | -$1.4M | -$39000 | -$421000 | -$1.1M | -$1.9M | -$2.0M |
| Adquisiciones | -$7.9M | $18.5M | $1.7M | $169.7M | -$16.3M | 0 | $5.8M | $67000 | $124000 | $7000 |
| Recompra de Acciones | -$2.4M | -$6.9M | -$173000 | -$247000 | -$253000 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$12.5M | $7.0M | -$24.7M | -$22.1M | -$49.3M | -$25.9M | -$45.1M | -$12.4M | $1.4M | $5.2M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$1.9M | $6.2M | $21000 | -$6.6M |
| Inversiones (CapEx) | -$388000 | -$287000 | -$1.0M | -$1.2M |
| Flujo de Caja Libre | -$2.3M | $6.0M | -$981000 | -$7.8M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $569000 | $594000 | $824000 | $62.5M |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +20.6% | -43.9% | -32.9% | -55.5% | -18.6% | +214.5% | +38.2% | -0.5% | +26.9% |
| Crecimiento Beneficio Neto (anual) | | +44.2% | -156.8% | +51.8% | -302.3% | +77.6% | -38.6% | +158.4% | -57.5% | +190.8% |
| Crecimiento BPA (anual) | | +46.2% | -155.4% | +53.0% | -250.9% | +79.0% | -35.3% | +129.3% | -64.0% | +150.0% |
| Cambio en Acciones (anual) | | +2.7% | +0.7% | +1.3% | +16.3% | +7.4% | +1.4% | +128.8% | +8.9% | +17.1% |
| Crecimiento FCF (anual) | | +156.2% | -452.2% | +10.4% | -122.7% | +47.5% | -74.1% | +72.5% | +111.5% | +267.3% |
| Margen Bruto | 34.5% | 28.3% | 94.8% | 92.9% | -54.0% | 7.5% | -4.9% | 12.9% | 21.1% | 25.2% |
| Margen Operativo | -2.8% | -0.9% | -39.3% | -63.3% | -270.3% | -72.7% | -26.0% | 12.3% | 6.5% | 11.9% |
| Margen EBITDA | 5.9% | 0.2% | -38.6% | -54.7% | -261.9% | -68.1% | -25.4% | 15.1% | 7.0% | 10.7% |
| Margen Neto | -18.7% | -8.6% | -39.6% | -28.4% | -256.8% | -70.6% | -31.1% | 13.1% | 5.6% | 12.9% |
| Margen FCF | -4.7% | 2.2% | -13.9% | -18.5% | -92.7% | -59.8% | -33.1% | -6.6% | 0.8% | 2.2% |
| Tasa Impositiva Efectiva | 39.3% | -210.0% | 8.9% | -0.3% | 4.3% | 0.1% | 0.1% | 0.6% | 5.8% | -55.3% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-1.33 | $0.73 | $-2.55 | $-2.26 | $-4.33 | $-2.12 | $-3.63 | $-0.44 | $0.05 | $0.14 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $9.3M | $9.6M | $9.7M | $9.8M | $11.4M | $12.2M | $12.4M | $24.8M | $29.5M | $33.9M |
Qué mirar en empresas de Energy
- FCF yield (>8%) — Caja generada / capitalización. En energía el FCF importa más que el EPS.
- ROIC medio 5a (≥10%) — Incluir años buenos y malos para filtrar las realmente disciplinadas.
- FCF positivo en 8 de los últimos 10 años (≥8/10) — Nombres disciplinados (XOM, CVX, EOG) sobreviven los crashes de 2014-16 y 2020.
- Cobertura del dividendo (FCF / div) (≥1,2x) — Dividendo cubierto por FCF, no por deuda. <1x = recorte probable.
- Deuda Neta / EBITDA (<2x en pico) — Mirarlo con EBITDA en valle, no en pico.
- Capex / Ingresos (10-20% saludable) — Energía necesita reinversión agresiva para mantener reservas.
Rentabilidad
| Rentabilidad sobre capital | 32.27% |
| Rentabilidad sobre capital invertido | 20.61% |
| Rentabilidad sobre activos | 14.18% |
| Margen bruto | 24.46% |
| Margen operativo | 13.06% |
| Margen neto | 12.97% |
Salud financiera
| Deuda / Patrimonio | 0.43 |
| Ratio corriente | 1.78 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -10.63 | -9.81 | -0.90 | -3.51 | -1.05 | -2.69 | -1.97 | 3.92 | 26.47 | 19.14 |
| P/VC | 1.82 | 1.01 | 0.31 | 0.68 | 3.06 | 4.11 | 32.11 | 0.95 | 2.47 | 5.17 |
| P/V | 1.99 | 0.85 | 0.36 | 0.98 | 2.71 | 1.92 | 0.61 | 0.52 | 1.50 | 2.46 |
| Margen Bruto | 34.5% | 28.3% | 94.8% | 92.9% | -54.0% | 7.5% | -4.9% | 12.9% | 21.1% | 25.2% |
| Margen Operativo | -2.8% | -0.9% | -39.3% | -63.3% | -270.3% | -72.7% | -26.0% | 12.3% | 6.5% | 11.9% |
| Margen Neto | -18.7% | -8.6% | -39.6% | -28.4% | -256.8% | -70.6% | -31.1% | 13.1% | 5.6% | 12.9% |