Growth & profitability
- Revenue has declined 32.4% per year over the past 5 years.
- Operating margin has contracted, at -129.7% in the latest year.
TUSK Financials MAMMOTH ENERGY SERVICES, INC.
13 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $44M | $5M | 0.0% | -129.7% | -$89M | — | $102M |
| 2024 | $46M | -$207M | 0.0% | -263.9% | $180M | $0 | $61M |
| 2023 | $309M | -$3M | 19.9% | -5.4% | $12M | $43M | $17M |
| 2022 | $362M | -$619000 | 23.1% | -4.5% | $3M | $84M | $17M |
| 2021 | — | -$101M | — | — | -$25M | $87M | $10M |
| 2020 | $313M | -$108M | 25.9% | -47.5% | — | $83M | $15M |
| 2019 | $625M | -$79M | 13.0% | -20.5% | — | $80M | $6M |
| 2018 | $1.7B | $236M | 35.3% | 23.3% | — | $0 | $68M |
| 2017 | $691M | $59M | 30.2% | 9.1% | — | $100M | $6M |
| 2016 | $231M | -$92M | 25.0% | -15.0% | — | $0 | $29M |
| 2015 | — | -$22M | — | — | — | $95M | $4M |
| 2014 | — | $4M | — | — | — | — | $17M |
| 2014 | — | $9M | — | — | — | — | — |
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $22M | $5M | 0.0% | -3.9% | -$15M | — | $93M |
| Dec '25 | -$3M | $9M | 0.0% | 458.4% | -$35M | — | $102M |
| Sep '25 | $15M | -$13M | 0.0% | -60.9% | -$17M | — | $98M |
| Jun '25 | $16M | $9M | 0.0% | -221.8% | -$33M | — | $127M |
| Mar '25 | $12M | -$537000 | 0.0% | -10.0% | $2M | — | $57M |
| Dec '24 | -$3M | -$15M | 0.0% | 333.5% | $141M | $0 | $61M |
| Sep '24 | $17M | -$24M | -122.7% | -35.9% | -$1M | $49M | $4M |
| Jun '24 | $16M | -$156M | -173.7% | -599.2% | -$4M | $47M | $10M |
| Mar '24 | $43M | -$12M | 6.0% | -27.9% | $43M | $46M | $22M |
| Dec '23 | $53M | -$6M | 13.3% | -12.9% | $2M | $43M | $17M |
| Sep '23 | $65M | -$1M | 18.7% | -13.6% | -$12M | $69M | $11M |
| Jun '23 | $75M | -$4M | 20.1% | -9.8% | $25M | — | $9M |
| Mar '23 | — | $8M | — | — | -$3M | — | $12M |
| Dec '22 | — | $5M | — | — | $18M | $84M | $17M |
| Sep '22 | — | $8M | — | — | -$11M | $93M | $11M |
| Jun '22 | $90M | $2M | 23.3% | -2.1% | -$1M | $85M | $13M |
| Mar '22 | — | -$15M | — | — | -$4M | $89M | $8M |
| Dec '21 | — | -$13M | — | — | — | $87M | $10M |
| Sep '21 | $57M | -$41M | 6.8% | -94.3% | — | $81M | $8M |
| Jun '21 | $47M | -$35M | -6.2% | -69.7% | — | $64M | $11M |
Valuation over time
How the market has priced TUSK against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has risen from 19.3× (Dec '25) to 28.4× (Jun '26).
- The price-to-sales ratio has risen from 0.6× (Mar '23) to 3.0× (Jun '26).
P/E
P/S
Frequently asked questions
Is TUSK growing its revenue and profit?
Over the past 5 years, MAMMOTH ENERGY SERVICES, INC.'s revenue has declined 32.4% per year. These are computed facts, not advice.
How much debt does TUSK have?
As of FY2025, MAMMOTH ENERGY SERVICES, INC. reported — of total debt against $102M of cash.
What is TUSK's profit margin?
In FY2025, gross margin was —, operating margin -129.7%, and net margin 10.4%.
What is TUSK's P/E ratio?
As of Jun '26, MAMMOTH ENERGY SERVICES, INC. traded at a price-to-earnings ratio of about 28.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.