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Flotek Industries Inc  (FTK)
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Flotek Industries Inc's Gross Profit Margin by quarter

Trends, Rankings, Statistics



FTK Gross Profit Margin (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Revenue Change -13.69 % 3.12 % 72.25 % 272.75 % 296.72 %
Seq. Revenue Change -11.55 % -7.01 % 5.39 % -0.44 % 5.69 %
Revenue In Millions $41.62 $47.05 $50.59 $48.01 $48.22
Gross Profit Margin 22.66 % 19.23 % 7.72 % 3.92 % -4.3 %
Gross Profit Margin Total Ranking # 2482 # 3737 # 4226 # 4358 # 1
Gross Profit In Millions $9.43 $9.05 $3.90 $1.88 $-2.07
Y / Y Gross Profit Change - - - - -
Seq. Gross Profit Change 4.26 % 131.74 % 107.66 % - -


Commenting fourth Quarter 2023 Gross Profit Margin
Despite the sequential Revenue deterioration in IV. Quarter of -11.55 % Flotek Industries Inc managed to reduce Cost of Sales and increase Gross Profit by 4.26 % to $9 millions. Gross Profit Margin grew to 22.66 %, below company average Gross Profit Margin.

Observing fourth quarter 2023 results within Chemical Manufacturing industry 37 other companies have achieved higher Gross Profit Margin. While Gross Profit Margin total ranking has impoved so far to 2482, from total ranking in previous quarter at 3737.
Learn about Gross Margin
FTK's Gross Profit Margin fourth quarter 2023 Company Ranking
Within: No.
Chemical Manufacturing Industry # 38
Basic Materials Sector # 128
Overall # 2480

Gross Profit Margin Statistics
High Average Low
100 % 40.36 % 3.92 %
(Jun 30 2020)   (Mar 31 2023)




Other Gross Profit Margin Profitability Ratios
FTK's Cumulative Gross Profit Margin
Chemical Manufacturing Industry Gross Profit Margin Trends and Statistics
Basic Materials Sector Gross Profit Margin Statistics
Gross Profit Margin Profitability Trends for overall market
FTK's Gross Profit Margin Profitability versus Chemical Manufacturing Industry, Basic Materials Sector and total Market
Highest Ranking Gross Profit Margin
Lowest Ranking Gross Profit Margin
Gross Profit Margin Profit Margin for FTK's Competitors
Gross Profit Margin Profit Margin for Flotek Industries Inc's Suppliers
Gross Profit Margin Profit Margin for FTK's Customers

You may also want to know
FTK's Annual Growth Rates FTK's Profitability Ratios FTK's Asset Turnover Ratio FTK's Dividend Growth
FTK's Roe FTK's Valuation Ratios FTK's Financial Strength Ratios FTK's Gross Profit Growth
FTK's Roa FTK's Inventory Turnover Ratio FTK's Growth Rates FTK's Dividend Comparisons


Companies with similar Gross Profit Margin in the quarter ending Dec 31 2023, within Chemical Manufacturing Industry Gross Profit MarginDec 31 2023 MRQ Gross ProfitDec 31 2023 MRQ Revenue
Lanzatech Global Inc   56.91 %$ 11.645 $ 20.463 
Wd 40 Company  54.14 %$ 75.553 $ 139.553 
Procter and Gamble Co  52.69 %$ 11,297.000 $ 21,441.000 
Linde Plc  46.63 %$ 3,871.000 $ 8,302.000 
The Clorox Company  43.52 %$ 866.000 $ 1,990.000 
Csw Industrials Inc   42.52 %$ 73.981 $ 173.981 
Ecolab Inc   42.00 %$ 1,654.000 $ 3,938.400 
Ppg Industries Inc   41.82 %$ 1,819.000 $ 4,350.000 
Rpm International Inc   41.75 %$ 748.228 $ 1,792.228 
Xpel Inc   38.96 %$ 40.931 $ 105.049 
Element Solutions Inc  38.44 %$ 220.300 $ 573.100 
Fmc Corporation  38.02 %$ 435.700 $ 1,146.000 
Northern Technologies International Corporation  36.34 %$ 7.334 $ 20.182 
Corteva Inc   36.17 %$ 1,341.000 $ 3,707.000 
Valvoline Inc   36.16 %$ 134.800 $ 372.800 
Perimeter Solutions Sa  34.77 %$ 20.711 $ 59.559 
Westlake Chemical Partners Lp  33.87 %$ 100.683 $ 297.273 
Balchem Corp  32.79 %$ 74.993 $ 228.720 
Axalta Coating Systems Ltd   32.64 %$ 423.500 $ 1,297.300 
International Flavors and Fragrances Inc  31.82 %$ 860.000 $ 2,703.000 
Liquidmetal Technologies Inc  31.12 %$ 0.089 $ 0.286 
Nl Industries inc   31.08 %$ 13.623 $ 43.833 
Fuller H B Co  30.30 %$ 273.841 $ 903.841 
Sealed Air Corp  29.39 %$ 404.900 $ 1,377.500 
Sensient Technologies Corp  28.58 %$ 99.830 $ 349.302 
Newmarket Corporation  27.55 %$ 177.126 $ 642.889 
Futurefuel Corp   26.42 %$ 24.078 $ 91.142 
Celanese Corporation  23.86 %$ 613.000 $ 2,569.000 
Minerals Technologies Inc   23.85 %$ 125.300 $ 525.300 
Azz Inc   23.13 %$ 88.149 $ 381.149 




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