MAMMOTH ENERGY SERVICES, INC. TUSK

Energy SIC 1389 - Oil & Gas Field Services, NEC NAICS Mining, Quarrying, and Oil and Gas Extraction › Support Activities for Mining › Support Activities for Oil and Gas Operations derived Nasdaq

We are an integrated, growth-oriented services company focused on providing products and services to our customers primarily in the oil and natural gas, aviation and utility infrastructure industries. Our primary business objective is to drive returns through improved execution by prioritizing asset utilization, margin expansion, and capital efficiency across the portfolio. Our suite of services includes rental services, infrastructure services, natural sand proppant services, accommodation services and drilling services. Our rental services segment provides a wide range of equipment used in oilfield, construction and aviation activities. Our infrastructure services division provides engineering, design, construction, upgrade, maintenance and repair services to the fiber industry. Our natural sand proppant services division mines, processes and sells natural sand proppant used for hydraulic fracturing. Our drilling services segment provides directional drilling to oilfield operators. We believe that the services we offer play a critical role in increasing the ultimate recovery and present value of production streams from unconventional resources as well as in constructing and improving fiber network. Our complementary suite of services provides us with the opportunity to cross-sell our services and expand our customer base and geographic positioning.

Last close 2.67 2026-10-23
Market cap $128.5M 2026-06-30 share count
52-week range 1.72 - 3.92

Valuation FY2025 figures against the last close

P/S2.9x
P/E26.7x
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS0.10

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Canada
  • Other
Revenue by geography, 3 categories over 2 years. The same figures are in the table below. FY2025 United States, FY2025: 27.5M (62.1%) 62% United States Canada, FY2025: 16.7M (37.7%) 38% Canada Other, FY2025: 76K (0.2%) FY2024 United States, FY2024: 23.6M (51.6%) 52% Canada, FY2024: 22M (48.3%) 48% Other, FY2024: 16K (0.0%)
Region FY2025FY2024
United States $27.5M $23.6M
Canada $16.7M $22.0M
Other $76.0K $16.0K

As the company reported it, from the “Reporting Segments and Geographic Areas - Schedule of Revenue by Country (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $44.3M$45.6M$309.5M$362.1M$229.0M$313.1M$625.0M$1.69B$691.5M$230.6M
Cost of revenue ——$247.8M$278.6M$198.3M$232.0M$543.8M$1.09B$482.6M$173.0M
Gross profit ——$61.7M$83.5M$30.6M$81.1M$81.2M$596.3M$208.9M$57.6M
SG&A $19.6M$114.5M$37.5M$39.6M$77.9M$66.4M$49.7M$71.2M$48.4M$17.3M
Total operating expenses $101.7M$166.0M$326.2M$378.5M—$462.4M$753.4M$1.30B$628.7M$265.3M
Operating income -$57.4M-$120.4M-$16.7M-$16.4M-$123.0M-$148.7M-$128.4M$394.5M$62.8M-$34.6M
Interest expense ———$11.5M$6.4M$5.4M$5.0M$3.2M$4.3M$4.1M
Pre-tax income -$59.7M-$194.4M$9.1M$13.0M-$124.3M-$119.8M-$91.1M$389.2M$61.8M-$38.6M
Income tax $4.1M$11.3M$12.3M$13.6M$22.9M$12.2M$12.1M$153.3M$2.8M$53.9M
Net income $4.6M-$207.3M-$3.2M-$619.0K-$101.4M-$107.6M-$79.0M$236.0M$59.0M-$92.5M
EPS, basic 0.10-4.31-0.07-0.01-2.18-2.36-1.765.271.42-2.94
EPS, diluted 0.10-4.31-0.07-0.01-2.18-2.36-1.765.241.42-2.94
Shares, diluted (wtd. avg.) 48.3M48.1M47.8M47.2M46.4M45.6M45.0M45.0M41.6M31.5M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $102.0M$60.8M$16.6M$17.3M$9.9M$14.8M$5.9M$67.6M$5.6M$29.2M
Short-term investments $19.6M$0—$0$1.8M$1.8M$0———
Receivables $28.9M$40.7M$447.2M$456.5M$407.6M$393.1M$363.1M$337.5M$243.7M$21.2M
Inventory $4.1M$6.8M$12.7M$8.9M$8.4M$12.0M$17.5M$21.3M$17.8M$6.1M
Total current assets $177.1M$188.6M$496.9M$496.7M$440.8M$464.7M$407.0M$449.6M$314.4M$88.9M
Property, plant and equipment —————$251.3M$352.8M$436.7M$351.0M$242.1M
Goodwill —$9.2M$9.2M$11.7M$11.7M$12.6M$67.6M$101.2M$10.2M$88.7M
Other intangibles —$209.0K$913.0K$1.8M$2.6M$4.8M$5.8M$7.8M$16.1M$21.6M
Total assets $334.9M$384.0M$698.5M$724.7M$720.9M$824.6M$952.4M$1.07B$867.2M$502.4M
Accounts payable ————$37.6M$40.3M$39.2M$68.8M$141.3M$20.5M
Short-term debt —$0$0$83.5M$1.5M$1.2M$0———
Total current liabilities $70.0M$114.5M$182.6M$237.2M$150.2M$128.6M$130.4M$233.8M$220.0M$29.2M
Long-term debt —$0$42.8M$0$85.2M$81.3M$80.0M$0$99.9M$0
Total liabilities $76.6M$131.2M$238.4M$262.1M$257.7M$261.2M$283.6M$319.0M$359.4M$79.6M
Retained earnings -$279.0M-$283.6M-$76.3M-$73.2M-$72.5M$28.9M$136.5M$226.8M$2.0M-$56.3M
Total equity $258.3M$252.8M$460.1M$462.6M$463.2M$563.3M$668.7M$754.1M$507.8M$422.8M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow -$18.6M$180.7M$31.4M$15.3M-$18.9M$7.0M-$95.3M$386.7M$57.6M$29.7M
Depreciation and amortisation $8.7M$10.2M$40.9M$60.5M$76.1M$93.3M$112.4M$107.6M$81.2M$62.2M
Stock-based compensation $412.0K$875.0K$1.3M$923.0K$1.2M$2.0M$4.2M$5.4M$3.7M$501.0K
Capital expenditure $70.6M$1.2M$19.4M$12.7M$5.8M—————
Investing cash flow $54.5M-$10.4M-$8.8M-$2.1M$5.5M-$2.3M-$33.2M-$212.0M-$172.3M-$7.7M
Financing cash flow -$4.3M-$112.1M-$15.6M-$5.6M$8.4M$4.3M$66.7M-$112.6M$91.0M$3.1M
Dividends paid ————$0$0$11.2M$11.2M$0$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-015693.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -500M 0 500M 1B 1.5B 2B Revenue, FY2016: 230.6M Gross profit, FY2016: 57.6M Net income, FY2016: -92.5M Revenue, FY2017: 691.5M Gross profit, FY2017: 208.9M Net income, FY2017: 59M Revenue, FY2018: 1.7B Gross profit, FY2018: 596.3M Net income, FY2018: 236M Revenue, FY2019: 625M Gross profit, FY2019: 81.2M Net income, FY2019: -79M Revenue, FY2020: 313.1M Gross profit, FY2020: 81.1M Net income, FY2020: -107.6M Revenue, FY2021: 229M Gross profit, FY2021: 30.6M Net income, FY2021: -101.4M Revenue, FY2022: 362.1M Gross profit, FY2022: 83.5M Net income, FY2022: -619K Revenue, FY2023: 309.5M Gross profit, FY2023: 61.7M Net income, FY2023: -3.2M Revenue, FY2024: 45.6M Net income, FY2024: -207.3M Revenue, FY2025: 44.3M Net income, FY2025: 4.6M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $230.6M $691.5M $1.69B $625.0M $313.1M $229.0M $362.1M $309.5M $45.6M $44.3M
Gross profit $57.6M $208.9M $596.3M $81.2M $81.1M $30.6M $83.5M $61.7M — —
Net income -$92.5M $59.0M $236.0M -$79.0M -$107.6M -$101.4M -$619.0K -$3.2M -$207.3M $4.6M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Auditor changed The company changed auditors. Sometimes routine; historically one of the more reliable warnings that something is wrong. Item 4.01
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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LBRT Liberty Energy Inc. $2.54B 17.5x -7.2%
NESR National Energy Services Reunited Corp. $2.06B 39.3x 1.7%
HLX HORNBECK OFFSHORE SERVICES, INC. $1.56B 50.5x -4.9%
WBI WaterBridge Infrastructure LLC $1.45B — 66.2%
RES RPC INC $1.39B 41.7x 15.0%