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Flotek Industries Inc  (FTK)
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Flotek Industries Inc's

Competitiveness


 

FTK Sales vs. its Competitors Q3 2023



Comparing the current results to its competitors, Flotek Industries Inc reported Revenue increase in the 3 quarter 2023 by 3.12 % year on year, while most of its competitors have experienced contraction in revenues by -29.86 %, achieved in the same quarter.

List of FTK Competitors

With a net margin of 2.74 % Flotek Industries Inc achieved higher profitability than its competitors.

More on FTK Profitability Comparisons



Revenue Growth Comparisons




Net Income Comparison


Flotek Industries Inc achieved net profit of $1.29 millions compared to a net loss of $-18.79 millions recorded in the same quarter a year ago.

<<  FTK Stock Performance Comparisons


Flotek Industries Inc's Comment on Competitors and Industry Peers


The ability to compete in the oilfield services industry and the consumer and industrial markets is dependent upon the Company’s ability to differentiate its products and services, provide superior quality and service, and maintain a competitive cost structure with sufficient raw material supplies. Activity levels in the oil field services industry are impacted by current and expected oil and natural gas prices, oil and natural gas drilling activity, production levels, and customer drilling and production designated capital spending. Domestic and international regions in which Flotek operates are highly competitive. The unpredictability of the energy industry and commodity price fluctuations create both increased risk and opportunity for the products and services of both the Company and its competitors.
Certain oil and natural gas service companies competing with the Company are larger and have access to more resources. Such competitors could be better situated to withstand industry downturns, compete on the basis of price, and acquire and develop new equipment and technologies, all of which could affect the Company’s revenue and profitability. Oil and natural gas service companies also compete for customers and strategic business opportunities. Thus, competition could have a detrimental impact upon the Company’s business.
The citrus-based terpene (d-limonene) is a major feedstock for many of the Company’s CnF® chemistries. In addition, the Company utilizes naturally derived terpenes from other sources and bio-based solvents from other natural sources when it determines the efficacy of such formulas is appropriate. The Company has the ability to purify these alternative solvents to ensure they meet Flotek’s rigorous environmental standards.
The Company’s Consumer and Industrial Chemistry Technologies segment faces competition from other citrus processors, flavor companies, and other solvent sources. Other terpenes and esters can provide an effective substitute to the Company’s citrus-based terpenes, although, without refinement and enhanced formulations efforts, are generally of lower quality. Such terpenes and esters can be cheaper than citrus terpenes, but, as noted above, can contain unfavorable characteristics and compounds that have varying degrees of toxicity and performance limitations. The Company’s chemistries are intended to replace these undesirable qualities. In addition, the segment’s flavor ingredients compete with synthetic and bio-engineered substitutes that are cheaper than natural flavors derived from citrus oils. These substitutes lack complexity and impact of the Company’s natural flavors and fragrances.



  

Overall company Market Share Q3 2023

Overall company revenue, increased by 3.12 % faster than Flotek Industries Inc's competitors within this division and its market share improved to approx. 0.12 %.
<<  More on FTK Market Share.
 
*Market share is calculated based on total revenue.





Who are Flotek Industries Inc's Competitors?




Ascent Industries Co
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+1.00%
Over The Past 5 Days



Ascent Industries Co
Profile

Ascent Industries Co operates as a vertically integrated cannabis company. They cultivate, process, and distribute a wide range of cannabis products, including flower, oils, and extracts. Additionally, they focus on research and development to create innovative and high-quality cannabis products for both medical and recreational markets.

More about Ascent Industries Co 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 102.364 mill. $ 280.253 mill. $ -37.642 mill.


Albemarle Corporation
Share Performance



+8.44%
Over The Past 5 Days



Albemarle Corporation
Profile

Albemarle Corporation operates as a specialty chemical company, primarily focusing on the production and sale of lithium, bromine, and catalysts. The company's business model revolves around harnessing its expertise and technological capabilities to develop and supply essential chemicals to various industries globally.

More about Albemarle Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 15,141.173 mill. $ 9,617.203 mill. $ 1,670.543 mill.


Ashland Inc
Share Performance



+1.19%
Over The Past 5 Days



Ashland Inc
Profile

Ashland Inc operates as a global specialty chemicals company, providing innovative solutions to various industries. Their business model involves developing and distributing specialty chemicals, performance products, and materials. With a focus on customer-centricity and collaboration, Ashland strives to meet the unique needs of their clients and enhance their products and processes.

More about Ashland Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 5,015.997 mill. $ 2,191.000 mill. $ 178.000 mill.


Advansix Inc
Share Performance



-8.96%
This Year



Advansix Inc
Profile

Advansix Inc operates as a fully-integrated manufacturer of nylon 6 resin, chemical intermediates, and ammonium sulfate fertilizers, serving a diverse range of markets globally. The company focuses on leveraging its operational expertise, efficient cost structure, and technology capabilities to deliver high-quality products and value to its customers.

More about Advansix Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 759.680 mill. $ 1,533.599 mill. $ 54.623 mill.


Avient Corporation
Share Performance



+13.10%
This Quarter



Avient Corporation
Profile

Avient Corporation is a multinational specialty chemical company that operates in the polymer processing industry, offering a diverse portfolio of products and solutions to various end markets. Their business model focuses on developing, manufacturing, and distributing advanced polymer materials and additives while providing customized services and technical support to their customers.

More about Avient Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 3,629.952 mill. $ 3,142.500 mill. $ 76.200 mill.


Cabot Corporation
Share Performance



+12.48%
30 Days



Cabot Corporation
Profile

Cabot Corporation's business model revolves around the development, production, and sale of specialty chemicals and performance materials.

More about Cabot Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 4,773.532 mill. $ 3,931.000 mill. $ 484.000 mill.


The Chemours Company
Share Performance



+1.40%
Over The Past 5 Days



The Chemours Company
Profile

The Chemours Company operates as a global provider of performance chemicals with a focus on titanium technologies, fluoroproducts, and chemical solutions. They leverage their technical expertise and manufacturing capabilities to develop and produce innovative products that cater to various industries including automotive, construction, electronics, and more. Chemours aims to create value for its customers by offering sustainable solutions that promote efficiency, safety, and environmental stewardship.

More about The Chemours Company's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 4,441.538 mill. $ 6,004.000 mill. $ -308.000 mill.


Chase Corporation
Share Performance



+1.18%
This Quarter



Chase Corporation
Profile

Chase Corporation operates as a specialty chemicals and materials manufacturer that serves various industries, including construction, electronics, transportation, and industrial markets. They focus on developing and providing innovative solutions, products, and services to meet client needs and deliver long-term value.

More about Chase Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 1,215.624 mill. $ 404.015 mill. $ 33.182 mill.


Celanese Corporation
Share Performance



+0.51%
Over The Past 5 Days



Celanese Corporation
Profile

Celanese Corporation operates as a global specialty materials and chemicals company, delivering a wide range of products and solutions to various industries. The company's business model is focused on innovation and collaboration, developing advanced materials and technologies that enhance the performance and sustainability of its customers' products. Celanese utilizes its global presence and customer-centric approach to provide value-added solutions, enabling it to maintain a competitive advantage within the market.

More about Celanese Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 16,420.469 mill. $ 10,940.000 mill. $ 1,964.000 mill.


Dupont De Nemours Inc
Share Performance



-2.03%
This Quarter



Dupont De Nemours Inc
Profile

Dupont De Nemours Inc operates as a diversified chemical company. It focuses on developing and producing a wide range of materials and solutions that cater to various industries, including agriculture, electronics, transportation, and healthcare.

More about Dupont De Nemours Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 31,459.500 mill. $ 12,068.000 mill. $ 462.000 mill.


Dow Inc
Share Performance



+1.34%
This Year



Dow Inc
Profile

Dow Inc's business model focuses on the production and sale of a wide range of chemicals, materials, and plastics for various industries.

More about Dow Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 40,274.671 mill. $ 44,622.000 mill. $ 660.000 mill.


Eastman Chemical Co
Share Performance



-3.60%
This Year



Eastman Chemical Co
Profile

Eastman Chemical Co's business model involves the production and sale of advanced materials, specialty chemicals, and additives. By leveraging their technical expertise and innovation, they aim to provide solutions that enhance the efficiency and sustainability of various industries.

More about Eastman Chemical Co's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 10,284.581 mill. $ 9,210.000 mill. $ 896.000 mill.


Fmc Corporation
Share Performance



+3.27%
Over The Past 5 Days



Fmc Corporation
Profile

FMC Corporation's business model revolves around the development, production, and distribution of innovative solutions in the agricultural, healthcare, and manufacturing sectors, with a focus on specialty chemicals and advanced materials.

More about Fmc Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 6,157.667 mill. $ 4,962.000 mill. $ 505.000 mill.


Fuller H B Co
Share Performance



+3.16%
This Quarter



Fuller H B Co
Profile

Fuller H B Co operates with a business model that focuses on manufacturing and distributing high-quality industrial adhesives and coatings. The company aims to meet the needs of a wide range of industries by providing innovative and reliable solutions, while maintaining strong customer relationships. Their business model also includes investing in research and development to stay at the forefront of technological advancements in the adhesives and coatings industry.

More about Fuller H B Co's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 4,370.678 mill. $ 3,510.897 mill. $ 144.988 mill.


Gevo inc
Share Performance



-52.90%
One Year



Gevo inc
Profile

Gevo Inc's business model involves the production, commercialization, and development of sustainable, low-carbon renewable chemicals and advanced biofuels.

More about Gevo inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 208.733 mill. $ 13.371 mill. $ -73.125 mill.


W R Grace and co
Share Performance



+72.09%
One Year



W R Grace and co
Profile

W.R. Grace and Co's business model focuses on providing specialty chemicals and materials for various industries including catalysts, silica-based products, and specialty construction chemicals. They aim to deliver innovative solutions that enhance the performance and sustainability of their customers' products and processes.

More about W R Grace and co 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 4,647.336 mill. $ 1,859.200 mill. $ 79.900 mill.


Honeywell International Inc
Share Performance



-1.79%
30 Days



Honeywell International Inc
Profile

Honeywell International Inc operates as a diversified technology and manufacturing company. Through its various business segments, it designs, produces, and sells a wide range of products and solutions across industries such as aerospace, building technologies, performance materials, and safety and productivity solutions. The company focuses on delivering innovative solutions to its customers, providing long-term value, and driving sustainable growth.

More about Honeywell International Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 132,385.176 mill. $ 36,662.000 mill. $ 5,672.000 mill.


Huntsman Corporation
Share Performance



-12.91%
One Year



Huntsman Corporation
Profile

Huntsman Corporation operates as a global manufacturer and marketer of differentiated chemicals. The company focuses on producing and selling a wide range of chemical products across various industries, including chemicals for plastics, coatings, textiles, detergents, and automotive markets. Huntsman's business model aims to meet customer needs through innovation, efficiency, and global distribution channels.

More about Huntsman Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 4,555.632 mill. $ 6,111.000 mill. $ 153.000 mill.


Innospec Inc
Share Performance



+1.43%
Over The Past 5 Days



Innospec Inc
Profile

Innospec Inc's business model revolves around providing innovative specialty chemicals and performance chemicals to various industries globally.

More about Innospec Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 3,129.001 mill. $ 1,963.900 mill. $ 126.800 mill.


Kraton corp
Share Performance



+0.15%
30 Days



Kraton corp
Profile

Kraton Corp operates as a specialty chemicals company, focusing on the production and distribution of engineered polymers and renewable chemicals. The company's business model centers around leveraging its expertise in polymer technology to develop and commercialize innovative solutions for a wide range of industries, including adhesives, coatings, packaging, and personal care.

More about Kraton corp's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 1,522.036 mill. $ 1,970.129 mill. $ 175.590 mill.


Quaker Chemical Corporation
Share Performance



+2.17%
One Year



Quaker Chemical Corporation
Profile

Quaker Chemical Corporation operates through a business model that involves providing specialty chemicals and related services to various industries.

More about Quaker Chemical Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 3,588.466 mill. $ 1,969.758 mill. $ 16.702 mill.


Lyondellbasell Industries N v
Share Performance



+1.70%
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Lyondellbasell Industries N v
Profile

LyondellBasell Industries N.V. operates as a multinational chemical company, specializing in the production of polymers, chemicals, refining, and compounds. Its business model involves leveraging its global scale, market expertise, and industry-leading technology to deliver advanced materials, solutions, and sustainable practices that cater to the needs of various industries worldwide.

More about Lyondellbasell Industries N v 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 32,517.622 mill. $ 39,063.000 mill. $ 1,902.000 mill.


Newmarket Corporation
Share Performance



+84.19%
One Year



Newmarket Corporation
Profile

Newmarket Corporation's business model revolves around the manufacturing, marketing, and sale of specialty chemicals and additives primarily in the petroleum and agricultural industries. They aim to provide customers with innovative solutions and high-quality products to meet their specific needs and improve their operational efficiency.

More about Newmarket Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 6,072.202 mill. $ 2,697.513 mill. $ 388.864 mill.


Ingevity Corporation
Share Performance



+8.04%
30 Days



Ingevity Corporation
Profile

Ingevity Corporation operates as a specialty chemicals and materials company, focusing on the development, production, and supply of various products in the automotive, industrial, and oilfield sectors. The company primarily generates revenue through the sale of its specialty chemicals and materials to customers globally, catering to diverse applications and industries.

More about Ingevity Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 1,731.960 mill. $ 1,691.900 mill. $ -5.400 mill.


Nl Industries inc
Share Performance



+0.39%
This Quarter



Nl Industries inc
Profile

NL Industries Inc's business model revolves around the manufacturing and distribution of industrial products and chemicals.

More about Nl Industries inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 250.025 mill. $ 157.359 mill. $ -13.316 mill.


Quanex Building Products Corporation
Share Performance



+7.61%
30 Days



Quanex Building Products Corporation
Profile

Quanex Building Products Corporation operates as a manufacturer of components and systems primarily for the building products industry. Their business model revolves around producing and selling engineered materials, including window and door components, which are used in residential and commercial construction.

More about Quanex Building Products Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 1,115.744 mill. $ 1,130.583 mill. $ 82.501 mill.


Photronics Inc
Share Performance



-8.10%
This Year



Photronics Inc
Profile

Photronics Inc is a company that operates in the semiconductor industry, specializing in the manufacturing of photomasks. Their business model revolves around producing these high-precision, custom-designed photomasks used in the fabrication of integrated circuits and other electronic components.

More about Photronics Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 1,753.081 mill. $ 891.162 mill. $ 199.634 mill.


374water Inc
Share Performance



-56.62%
One Year



374water Inc
Profile

374water Inc is a water technology company that supplies innovative and sustainable solutions for water treatment, particularly in the areas of desalination and wastewater management. Their business model involves developing and commercializing cutting-edge products and technologies to address global water challenges and improve water quality and availability.

More about 374water Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 186.325 mill. $ 1.653 mill. $ -6.712 mill.


Unifi Inc
Share Performance



-44.12%
One Year



Unifi Inc
Profile

Unifi Inc operates under a business model focused on the manufacturing and distribution of innovative synthetic and recycled performance fibers. The company aims to cater to various industries such as apparel, automotive, industrial, and home furnishings. By leveraging their expertise in sustainable technologies, Unifi Inc strives to develop and deliver next-generation products that meet customer demands for performance, environmental consciousness, and cost efficiency.

More about Unifi Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 105.433 mill. $ 583.103 mill. $ -51.780 mill.


United guardian Inc
Share Performance



-25.33%
One Year



United guardian Inc
Profile

United Guardian Inc's business model revolves around the development and manufacturing of specialty pharmaceutical and personal care products.

More about United guardian Inc's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 38.868 mill. $ 11.041 mill. $ 2.523 mill.



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