KLX Energy Services Holdings, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 9 fiscal years, taken from the XBRL data KLX Energy Services Holdings, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2018	FY2018	FY2018	FY2019	FY2020	FY2022	FY2023	FY2024	FY2025
Revenue	152	321	495	544	277	782	888	709	637
Cost of revenue	181	269	370	470	315	621	673	550	502
Gross profit	-29.1	51.4	125	74	-38	160	216	160	135
Research and development	0.3	2	2.4	2.7	0.7	0.6	1.4	1.4	1.7
Selling, general and administrative	60.1	73.4	100	100	88.8	70.4	86.7	79.6	68.5
Operating income	-89.5	-24	22.1	-75.7	-301	32.5	56.9	-15.5	-30.3
Interest expense	0	0	7.7	30.4		35	36.5	39.4	45.2
Interest income						0	1.8	2.5	0.4
Pre-tax income	-89.5	-24	15	-105	-332	-2.5	22.2	-52.4	-76.3
Income tax	0.1	0.1	0.6	-8.5	0.4	0.6	3	0.6	0.8
Net income	-89.6	-24.1	14.4	-96.4	-332	-3.1	19.2	-53	-77.1
EBITDA	-53.3	9.5	63.6	-11.6	-239	89.3	130	78.5	64.9
EPS, basic	-22,310,303.00	-6,002,772.00	3,601,663.00	-21,610,000.00	-50.86	-0.27	1.23	-3.27	-4.12
EPS, diluted	-22,310,324.00	-6,002,778.00	3,551,644.00	-21,610,000.00	-50.86	-0.27	1.22	-3.27	-4.12
Shares, basic (weighted)	0	0	0	4.5	6.5	11.3	15.6	16.2	18.7
Shares, diluted (weighted)	0	0	0	4.5	6.5	11.3	15.7	16.2	18.7

Balance sheet

	FY2018	FY2018	FY2018	FY2019	FY2020	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	0	0	164	124	47.1	57.4	113	91.6	5.7
Receivables		73.9	120	79.2	67	154	127	96.9	103
Inventory		10.2	15.4	12	20.8	25.7	33.5	31	30.7
Other current assets		2	9.5	13.8	15.8	17.3	17.3	13.5	10.8
Total current assets		86.1	308	229	151	255	290	233	150
Property, plant and equipment		180	272	307	204	168	221	197	161
Lease right-of-use assets						37.4	22.3	19.6	22.3
Goodwill			43.2	28.3	0	0
Intangible assets		2.8	30.3	45.8	2.5	2.1	1.8	1.5	1.1
Other non-current assets		5.4	19.1	14	5.8	3.6	4.8	5.1	5.9
Total assets	205	274	673	623	363	466	540	456	340
Accounts payable		31.8	47.3	31.4	39.4	84.2	87.9	74.4	68.7
Accrued liabilities		16.2	30.7	26.2	29.2	41	42.7	41.3	26
Short-term debt				0	1.9		0	0	4.4
Total current liabilities		48	85.2	64.8	77.7	154	164	140	126
Long-term debt			242	243	244	283	284	285	254
Lease liabilities						22.8	16	13.5	15.9
Other non-current liabilities		1.2	4.7	3.4	4.6	0.8	0.4	1.7	1.1
Total liabilities		49.2	332	311	331	482	501	467	415
Total debt			250	243	244	283	284	285	258
Paid-in capital			345	417	469	517	553	558	571
Retained earnings		-801	-4.5	-101	-433	-529	-509	-562	-640
Treasury stock				-3.6	-4	-4.6	-5.3	-5.8	-6.2
Shareholders' equity	178	225	341	312	32.1	-15.8	38.8	-10.5	-74.2
Total equity	178	225	341	312	32.1	-15.8	38.8	-10.5	-74.2
Total liabilities and equity		274	673	623	363	466	540	456	340

Cash flow statement

	FY2018	FY2018	FY2018	FY2019	FY2020	FY2022	FY2023	FY2024	FY2025
Net income	-89.6	-24.1	14.4	-96.4	-332	-3.1	19.2	-53	-77.1
Depreciation and amortization	36.2	33.5	41.5	64.1	61.7	56.8	72.8	94	95.2
Stock-based compensation	9	12.5	23.5	18.5	17.8	3	3	3.9	2.6
Deferred income tax				-8.9	-0.1	0	-0.6	0	0.3
Change in receivables	8.9	-43	-23.2	39.9	31.4	-51	44	30.6	-6
Change in inventory	1.1	-2.1	-6.8	3.6	-0.1	-6.2	-9	1.4	-1.8
Cash from operations	-37.5	-9.4	62	58.1	-64.9	15.7	116	54.2	7.5
Capital expenditures	-29	-49.4	-84	-70.8	-12.2	-35.6	-57.1	-65.1	-49.1
Acquisitions			-140	-27.6	-4
Cash from investing	-29	-48.8	-214	-97.7	-11.9	-18.7	-39.7	-51.1	-32.9
Debt issued			250				0	5.4
Stock issued				1.5	0	24.8	-0.4	-0.4
Share buybacks				-1.2	-0.4	-0.3
Cash from financing	66.5	58.2	316	-0.7	0.4	32.4	-20.8	-24	-60.5
Net change in cash			164	-40.3	-76.4	29.4	55.1	-20.9	-85.9
Free cash flow	-66.5	-58.8	-22	-12.7	-77.1	-19.9	58.5	-10.9	-41.6
Interest paid			0.1	29.4	29.4	33.7	35	37.1	27.8
Income taxes paid				1	-0.5	0.6	0.6	3.3	1

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $1.61 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	21.0%	Gross profit / revenue.
Operating margin	-2.4%	Operating income / revenue.
EBITDA margin	11.7%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	-9.9%	Pre-tax income / revenue.
Net margin	-9.7%	Net income / revenue.
FCF margin	-0.3%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	5.8%	Cash from operations / revenue.
Return on assets (ROA)	-16.6%	Net income / average total assets.
Return on invested capital (ROIC)	-6.7%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue	0.3%	Research and development expense / revenue.
SG&A / revenue	10.0%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	0.3%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	6.1%	Capital expenditures / revenue.
D&A / revenue	14.1%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-10.2%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-6.6%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y	-15.4%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-5.5%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA growth, 1y	-17.3%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-10.1%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-86.2%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-21.8%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y	-25.4%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-9.9%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y	15.4%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	18.3%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.18x	Current assets / current liabilities.
Quick ratio	0.86x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.05x	(Cash + short-term investments) / current liabilities.
Debt / assets	77.7%	Total debt / total assets.
Liabilities / assets	127.5%	Total liabilities / total assets.
Net debt	$281.0M	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	3.78x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	-0.31x	Operating income / interest expense.
Working capital	$27.3M	Current assets - current liabilities.
Goodwill and intangibles / assets	0.2%	(Goodwill + intangible assets) / total assets.
Tangible book value	-$103.3M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	1.71x	Revenue / average total assets.
Fixed asset turnover	3.86x	Revenue / average property, plant and equipment.
Inventory turnover	15.7x	Cost of revenue / average inventory.
Days inventory	23 days	365 x average inventory / cost of revenue.
Receivables turnover	5.21x	Revenue / average receivables.
Days sales outstanding	70 days	365 x average receivables / revenue.
Days payables	56 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	37 days	Days inventory + days sales outstanding - days payables.
Capex / operating cash flow	105.2%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	-$3.01	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$31.00	Revenue / diluted weighted shares.
FCF per share	-$0.09	Free cash flow / diluted weighted shares.
Operating cash flow per share	$1.80	Cash from operations / diluted weighted shares.
Book value per share	-$5.00	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	-$5.04	Tangible book value / shares outstanding.
Cash per share	$0.39	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$34.2M	Share price x shares outstanding.
Enterprise value	$315.2M	Market cap + total debt - cash - short-term investments.
P/S	0.05x	Market cap / revenue.
P/OCF	0.93x	Market cap / cash from operations, when positive.
EV/Sales	0.50x	Enterprise value / revenue.
EV/EBITDA	4.24x	Enterprise value / EBITDA, when both are positive.
FCF yield	-5.5%	Free cash flow / market cap.
Earnings yield	-180.1%	Net income / market cap (the inverse of P/E).

What was KLX Energy Services Holdings, Inc.'s revenue in fiscal 2025?

KLX Energy Services Holdings, Inc. reported revenue of $636.6M for fiscal 2025, 10.2% lower than the year before.

Was KLX Energy Services Holdings, Inc. profitable in fiscal 2025?

No. It reported a net loss of $77.1M.

How much free cash flow did KLX Energy Services Holdings, Inc. generate in fiscal 2025?

Cash from operations of $7.5M minus capital expenditures of $49.1M left free cash flow of -$41.6M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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