Net margin is calculated as Net Income divided by its Revenue. Flotek Industries's Net Income for the
three
months ended in Dec. 2023 was $2.1 Mil. Flotek Industries's Revenue for the
three
months ended in Dec. 2023 was $42.2 Mil. Therefore, Flotek Industries's net margin for the quarter that ended in Dec. 2023 was 4.99%.
The historical rank and industry rank for Flotek Industries's Net Margin % or its related term are showing as below:
FTK'
s Net Margin % Range Over the Past 10 Years
Min: -256.77 Med: -27.26 Max: 16.76
Current: 13.14
FTK's Net Margin % is ranked better than 68.99% of 977
companies
in the Oil & Gas industry
Industry Median: 4.18
vs FTK: 13.14
Flotek Industries Net Margin % Historical Data
The historical data trend for Flotek Industries's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Flotek Industries's Net Margin %
For the Oil & Gas Equipment & Services subindustry, Flotek Industries's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Flotek Industries's Net Margin % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Flotek Industries's Net Margin % distribution charts can be found below:
* The bar in red indicates where Flotek Industries's Net Margin % falls into.
Flotek Industries Net Margin % Calculation
Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.
Flotek Industries's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Flotek Industries (NYSE:FTK) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Flotek Industries Net Margin % Related Terms
Thank you for viewing the detailed overview of Flotek Industries's Net Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Flotek Industries (Flotek Industries) Business Description
Flotek Industries Inc delivers chemistry-based technology solutions for energy, industrial, and consumer applications. It develops and supplies chemistry and services to the oil and gas industries, and high-value compounds to companies that make food and beverages, cleaning products, cosmetics, and others. The company operates in the Chemistry Technologies segment which designs, develops, manufactures, packages, and markets chemistries that market specialty chemicals. Its Data Analytics segment enables users to maximize the value of their hydrocarbon-associated processes by providing analytics associated with the streams in seconds rather than minutes or days.
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