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Side-by-side financial comparison of FLOTEK INDUSTRIES INC (FTK) and Hut 8 Corp. (HUT). Click either name above to swap in a different company.

Hut 8 Corp. is the larger business by last-quarter revenue ($88.5M vs $67.5M, roughly 1.3× FLOTEK INDUSTRIES INC). FLOTEK INDUSTRIES INC runs the higher net margin — 4.5% vs -316.0%, a 320.5% gap on every dollar of revenue. On growth, Hut 8 Corp. posted the faster year-over-year revenue change (179.2% vs 33.0%). Over the past eight quarters, Hut 8 Corp.'s revenue compounded faster (30.8% CAGR vs 29.3%).

Flotek Industries Inc. is a technology-driven diversified company that develops and supplies specialty chemicals, performance materials and related equipment solutions for global energy, mining and industrial manufacturing sectors, delivering innovative sustainable products to boost client operational efficiency.

Tropical Hut is a Filipino chain of fast food restaurants owned by Mercury Group of Companies, Inc. It is the 7th oldest food chain in the Philippines and older than Jollibee (1978) and McDonald's Philippines (1981).

FTK vs HUT — Head-to-Head

Bigger by revenue
HUT
HUT
1.3× larger
HUT
$88.5M
$67.5M
FTK
Growing faster (revenue YoY)
HUT
HUT
+146.2% gap
HUT
179.2%
33.0%
FTK
Higher net margin
FTK
FTK
320.5% more per $
FTK
4.5%
-316.0%
HUT
Faster 2-yr revenue CAGR
HUT
HUT
Annualised
HUT
30.8%
29.3%
FTK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FTK
FTK
HUT
HUT
Revenue
$67.5M
$88.5M
Net Profit
$3.0M
$-279.7M
Gross Margin
22.5%
60.4%
Operating Margin
8.9%
-491.4%
Net Margin
4.5%
-316.0%
Revenue YoY
33.0%
179.2%
Net Profit YoY
-31.7%
-283.7%
EPS (diluted)
$0.09
$-2.45

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FTK
FTK
HUT
HUT
Q4 25
$67.5M
$88.5M
Q3 25
$56.0M
$83.5M
Q2 25
$58.4M
$41.3M
Q1 25
$55.4M
$21.8M
Q4 24
$50.8M
$31.7M
Q3 24
$49.7M
$43.7M
Q2 24
$46.2M
$35.2M
Q1 24
$40.4M
$51.7M
Net Profit
FTK
FTK
HUT
HUT
Q4 25
$3.0M
$-279.7M
Q3 25
$20.4M
$50.1M
Q2 25
$1.8M
$137.3M
Q1 25
$5.4M
$-133.9M
Q4 24
$4.4M
$152.2M
Q3 24
$2.5M
$647.0K
Q2 24
$2.0M
$-71.9M
Q1 24
$1.6M
$250.9M
Gross Margin
FTK
FTK
HUT
HUT
Q4 25
22.5%
60.4%
Q3 25
31.7%
61.3%
Q2 25
24.7%
47.3%
Q1 25
22.5%
14.5%
Q4 24
24.2%
35.9%
Q3 24
18.3%
59.9%
Q2 24
19.9%
41.4%
Q1 24
21.8%
45.6%
Operating Margin
FTK
FTK
HUT
HUT
Q4 25
8.9%
-491.4%
Q3 25
16.2%
87.0%
Q2 25
4.4%
Q1 25
10.1%
-676.8%
Q4 24
10.1%
Q3 24
5.5%
-3.6%
Q2 24
4.8%
-246.2%
Q1 24
5.2%
Net Margin
FTK
FTK
HUT
HUT
Q4 25
4.5%
-316.0%
Q3 25
36.3%
60.0%
Q2 25
3.0%
332.5%
Q1 25
9.7%
-613.7%
Q4 24
8.7%
480.3%
Q3 24
5.1%
1.5%
Q2 24
4.3%
-204.1%
Q1 24
3.9%
484.9%
EPS (diluted)
FTK
FTK
HUT
HUT
Q4 25
$0.09
$-2.45
Q3 25
$0.53
$0.43
Q2 25
$0.05
$1.18
Q1 25
$0.17
$-1.30
Q4 24
$0.15
$1.41
Q3 24
$0.08
$0.01
Q2 24
$0.06
$-0.78
Q1 24
$0.05
$2.76

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FTK
FTK
HUT
HUT
Cash + ST InvestmentsLiquidity on hand
$5.7M
$44.9M
Total DebtLower is stronger
$40.0M
Stockholders' EquityBook value
$113.1M
$1.4B
Total Assets
$220.0M
$2.8B
Debt / EquityLower = less leverage
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FTK
FTK
HUT
HUT
Q4 25
$5.7M
$44.9M
Q3 25
$4.6M
$33.5M
Q2 25
$5.0M
$216.3M
Q1 25
$6.3M
$108.4M
Q4 24
$4.4M
$85.0M
Q3 24
$5.0M
Q2 24
$4.8M
Q1 24
$5.2M
$11.5M
Total Debt
FTK
FTK
HUT
HUT
Q4 25
$40.0M
Q3 25
$40.0M
Q2 25
$40.0M
Q1 25
Q4 24
$300.6M
Q3 24
$297.3M
Q2 24
$328.8M
Q1 24
$194.0K
$177.6M
Stockholders' Equity
FTK
FTK
HUT
HUT
Q4 25
$113.1M
$1.4B
Q3 25
$110.5M
$1.4B
Q2 25
$71.8M
$1.3B
Q1 25
$119.7M
$960.0M
Q4 24
$113.9M
$976.7M
Q3 24
$109.0M
$703.9M
Q2 24
$106.2M
$660.1M
Q1 24
$103.9M
$732.0M
Total Assets
FTK
FTK
HUT
HUT
Q4 25
$220.0M
$2.8B
Q3 25
$212.7M
$2.7B
Q2 25
$172.2M
$2.0B
Q1 25
$170.2M
$1.6B
Q4 24
$170.8M
$1.5B
Q3 24
$160.6M
$1.1B
Q2 24
$156.0M
$1.1B
Q1 24
$155.8M
$999.0M
Debt / Equity
FTK
FTK
HUT
HUT
Q4 25
0.35×
Q3 25
0.36×
Q2 25
0.56×
Q1 25
Q4 24
0.31×
Q3 24
0.42×
Q2 24
0.50×
Q1 24
0.00×
0.24×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FTK
FTK
HUT
HUT
Operating Cash FlowLast quarter
$6.2M
$-139.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.07×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FTK
FTK
HUT
HUT
Q4 25
$6.2M
$-139.2M
Q3 25
$-1.9M
$770.0K
Q2 25
$-4.5M
$-48.8M
Q1 25
$7.3M
$-33.8M
Q4 24
$-2.6M
$-68.5M
Q3 24
$5.1M
$-4.2M
Q2 24
$-3.1M
$-16.4M
Q1 24
$3.9M
$-26.3M
Cash Conversion
FTK
FTK
HUT
HUT
Q4 25
2.07×
Q3 25
-0.09×
0.02×
Q2 25
-2.54×
-0.36×
Q1 25
1.36×
Q4 24
-0.58×
-0.45×
Q3 24
2.01×
-6.49×
Q2 24
-1.55×
Q1 24
2.49×
-0.11×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FTK
FTK

Related Party$49.6M74%
Nonrelated Party$17.9M26%

HUT
HUT

High Performance Computing Colocation And Cloud$81.9M93%
Power$5.0M6%
Digital Infrastructure$1.6M2%

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