Mammoth Energy Services, Inc. (TUSK) AI Stock Analysis

NASDAQ: TUSKAI research summary: business, growth, valuation, analysts, bull and bear case.

TUSK AI stock analysis summary

AI Research

Mammoth Energy Services, Inc. (TUSK) provides energy infrastructure, well completion, natural sand proppant, and drilling services. Over the five years from FY2020 to FY2025, revenue contracted at a CAGR of -32.4%, though quarterly revenue grew 110.9% year-over-year as of June 30, 2026. The company maintains net cash of $72.6M and trades at an EV/EBITDA of 4.4x.

Market cap
$130.2M
Revenue (TTM)
$68.4M
P/E
—
fwd 17.5x
1Y return
21.3%
S&P 500 16.8%
Avg. target
$4.90
81.1% vs last close

Bull case

  • Mammoth holds $72.6M in net cash with a low debt-to-equity ratio of 0.02 as of June 30, 2026.
  • Quarterly revenue grew 110.9% year-over-year in the quarter ended June 30, 2026.
  • The stock trades at an EV/EBITDA of 4.4x, well below the 13.9x median for US-listed Industrials peers.

Bear case

  • Revenue declined at a 5-year CAGR of -32.4% from FY2020 through FY2025, falling to $44.3M in FY2025.
  • Trailing twelve-month operating margin is -7.7%, and return on equity is -8.2%.
  • Free cash flow was -$89.1M in FY2025 following negative operating cash flow of -$18.6M.

What Mammoth Energy Services does

Mammoth Energy Services, Inc. functions as an energy service company operating across four primary segments: Infrastructure Services, Well Completion Services, Natural Sand Proppant Services, and Drilling Services. The Infrastructure Services segment provides engineering, design, construction, maintenance, and repair of electric transmission, distribution systems, substations, and commercial electrical services, alongside storm restoration. Well Completion Services offers high-pressure hydraulic fracturing, sand hauling, and water transfer. Natural Sand Proppant Services mines, processes, and sells frac sand and manages delivery logistics. The Drilling Services segment provides contract land and directional drilling with rig moving support. Additional offerings include aviation support, coil tubing, cementing, pressure control, and equipment rental.

Growth and profitability

Annual revenue decreased from $229.0M in FY2021 to $44.3M in FY2025, reflecting a 5-year revenue CAGR of -32.4% from FY2020. Annual top-line contractions included a 39.3% drop in FY2024 and a 76.4% drop in FY2025. Operating margin was -63.5% in FY2025, though net income reached $4.6M with diluted EPS of $0.14. Over the trailing twelve months ended June 30, 2026, revenue stood at $68.4M with an operating margin of -7.7% and EPS of -$0.44. In the latest quarter ended June 30, 2026, quarterly revenue grew 110.9% year-over-year.

TUSK income statement →

Balance sheet and cash flow

As of June 30, 2026, Mammoth Energy Services held $77.0M in cash and short-term investments against total debt of $4.4M, resulting in net cash of $72.6M. Current ratio was 1.93, and debt-to-equity was 0.02 against shareholders' equity of $262.4M. In FY2025, operating cash flow was -$18.6M and free cash flow was -$89.1M, influenced by capital expenditures of $70.6M. Over five years, the company's share count increased by 3.2%.

TUSK balance sheet →

Valuation and performance

At $2.71 per share, Mammoth Energy Services has a market capitalization of $130.2M and an enterprise value of $67.5M. The stock trades at an EV/EBITDA multiple of 4.4x, below the 13.9x median of its US-listed Industrials peers. Its forward P/E of 17.5x compares to the peer median of 17.2x, while price-to-sales of 1.9x stands above the peer median of 1.5x. Over the past year, TUSK gained 21.3%, outperforming the S&P 500 (SPY) return of 16.8%, but its 5-year return of -20.0% trails the index return of 83.0%.

TUSK key metrics →

What analysts expect

Wall Street analysts have set a mean price target of $4.90 for Mammoth Energy Services, representing an 81.1% upside compared to its last close of $2.71. Over the past four quarters, the company delivered three EPS beats. The next earnings report is scheduled for October 30, 2026.

Key risks and what to watch

  • Free cash flow volatility remains high after dropping from $163.7M in FY2024 to -$89.1M in FY2025.
  • Revenue fell 76.4% in FY2025, reflecting significant annual top-line fluctuation.
  • Trailing twelve-month return on assets is negative at -3.6%.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this TUSK AI stock analysis

This page is an AI-written research summary of Mammoth Energy Services, Inc. (TUSK). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: TUSK income statement, TUSK balance sheet, TUSK key metrics, TUSK chart. See the TUSK stock overview for the latest quote and news.

TUSK AI stock analysis FAQ

What is Mammoth Energy Services' net cash position?

As of June 30, 2026, the company held $77.0M in cash and short-term investments and $4.4M in total debt, giving it a net cash balance of $72.6M.

What is the consensus analyst price target for TUSK?

The mean analyst price target is $4.90, which is 81.1% above the last close of $2.71 on October 16, 2026.

Does Mammoth Energy Services pay a dividend?

Mammoth Energy Services does not pay a dividend.

How did Mammoth Energy Services perform in its latest reported quarter?

For the quarter ended June 30, 2026, quarterly revenue grew 110.9% year-over-year.

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