What does free cash flow mean?

Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.

Flotek Industries FTK Free cash flow

Discontinued — last reported Q2 '20

Free cash flow at other companies

HalliburtonHAL

$81M+8.0%

Schlumberger SLB

$144M-45.0%

Baker HughesBKR

$164M-59.9%

TETRA TechnologiesTTI

-$30.88M-120%

RPCRES

-$932K-112%

Calumet, Inc.CLMT

-$99.4M-112%

Other financials

Income statement

See full

Revenue$70.1M+26.5%

Gross profit$15.5M+24.8%

Operating income$7.6M+36.3%

Net income$4.7M-13.3%

EPS (diluted)$0.12-29.4%

Balance sheet

See full

Cash & equivalents$5.8M-9.0%

Total debt$46.9M+530%

Total equity$118.2M-1.3%

Total assets$231.8M+36.2%

Cash flow

See full

Operating cash flow$21.0K-99.7%

Valuation

See full

Market cap$786.5M+87.4%

Enterprise value$827.65M+96.7%

P/E26.4×-2.9×

P/S3.1×+1.0×

Profitability

See full

Gross margin25%+3.7pp

Operating margin10%+2.3pp

Net margin11.8%+4.7pp

FCF margin-8.2%—

Returns & leverage

See full

Return on equity25.1%+12.3pp

Debt / equity0.4×+0.3×

Current ratio1.8×-0.4×

Where this comes from

Calculated from Flotek Industries’s reported figures.

−$5.4Mnet cash from operating−-capital expenditures=-$5.44M

The official record: Flotek Industries’s 10-Q, filed August 9, 2021, on SEC EDGAR. View the filing →

Questions, answered.

What does free cash flow mean?: Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.