NYSE : FLOC
Flowco Holdings Inc. — Financial statements
Energy · Oil & Gas Equipment & Services · United States
Last price 20.05 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.81B
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Financial statements
Flowco Holdings Inc. (FLOC) reported revenue of 819.54M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | 819.54M | 759.72M | 535.28M | 243.32M | 148.61M |
| Cost of Revenue | 368.34M | 346.55M | 264.42M | 104.78M | 55.48M |
| Gross Profit | 451.20M | 413.17M | 270.85M | 138.54M | 93.13M |
| Selling, General & Admin | 122.29M | 113.38M | 62.45M | 15.22M | 14.17M |
| Operating Expenses | 290.71M | 258.21M | 153.31M | 59.04M | 50.38M |
| Operating Income | 160.49M | 154.95M | 117.54M | 79.50M | 42.76M |
| Interest Expense | -17.07M | -18.94M | -32.34M | -18.96M | -9.28M |
| Other Non Operating Income (Expenses) | -986.00K | -204.00K | -56.00K | -910.00K | -408.00K |
| EBT Excluding Unusual Items | 142.43M | 135.81M | 85.14M | 59.64M | 33.06M |
| Merger & Restructuring Charges | -2.70M | ||||
| Gain (Loss) on Sale of Assets | -1.21M | -742.00K | -797.00K | -1.17M | -51.00K |
| Legal Settlements | -1.30M | -1.30M | |||
| Other Unusual Items | -2.96M | -2.96M | -221.00K | ||
| Pretax Income | 136.96M | 130.81M | 81.42M | 58.47M | 33.01M |
| Income Tax Expense | 1.31M | -842.00K | 1.17M | 379.00K | 283.00K |
| Earnings From Continuing Operations | 135.66M | 131.66M | 80.25M | 58.09M | 32.73M |
| Minority Interest in Earnings | -85.94M | -90.26M | |||
| Net Income | 49.71M | 41.40M | 80.25M | 58.09M | 32.73M |
| Net Income to Common | 49.71M | 41.40M | 80.25M | 58.09M | 32.73M |
| Shares Outstanding (Basic) | 32.76M | 26.98M | 7.71M | 5.10M | |
| Shares Outstanding (Diluted) | 96.78M | 90.67M | 7.71M | 5.10M | |
| EPS (Basic) | 1.52 | 1.53 | 10.41 | 11.39 | |
| EPS (Diluted) | 1.25 | 1.24 | 10.41 | 11.39 | |
| Free Cash Flow | 136.24M | 95.27M | 88.89M | 38.35M | -40.40M |
| Free Cash Flow Per Share | 1.41 | 1.05 | 11.53 | 7.52 | |
| Dividend Per Share | 0.33 | 0.24 | |||
| Gross Margin | 55.06% | 54.38% | 50.60% | 56.94% | 62.67% |
| Operating Margin | 19.58% | 20.40% | 21.96% | 32.67% | 28.77% |
| Profit Margin | 6.07% | 5.45% | 14.99% | 23.87% | 22.02% |
| Free Cash Flow Margin | 16.62% | 12.54% | 16.61% | 15.76% | -27.18% |
| EBITDA | 328.91M | 299.79M | 208.40M | 123.33M | 78.96M |
| EBITDA Margin | 40.13% | 39.46% | 38.93% | 50.68% | 53.13% |
| D&A For EBITDA | 168.42M | 144.84M | 90.86M | 43.82M | 36.21M |
| EBIT | 160.49M | 154.95M | 117.54M | 79.50M | 42.76M |
| EBIT Margin | 19.58% | 20.40% | 21.96% | 32.67% | 28.77% |
| Effective Tax Rate | 0.95% | 1.44% | 0.65% | 0.86% | |
| Revenue as Reported | 819.54M | 759.72M | 535.28M | 243.32M | 148.61M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Cash & Equivalents | 19.19M | 4.52M | 4.62M | ||
| Cash & Short-Term Investments | 19.19M | 4.52M | 4.62M | ||
| Receivables | 145.47M | 100.47M | 120.35M | 44.40M | 27.82M |
| Inventory | 186.33M | 149.59M | 151.18M | 31.34M | 27.21M |
| Prepaid Expenses | 19.68M | 5.62M | 9.98M | 2.84M | 1.54M |
| Total Current Assets | 370.67M | 260.19M | 286.13M | 78.57M | 56.58M |
| Property, Plant & Equipment | 908.87M | 840.95M | 743.97M | 300.04M | 294.06M |
| Goodwill | 305.15M | 249.69M | 249.69M | 2.22M | 2.22M |
| Other Intangible Assets | 306.47M | 273.44M | 302.52M | 11.25M | 13.35M |
| Long-Term Deferred Tax Assets | 27.09M | 16.69M | |||
| Other Long-Term Assets | 4.76M | 5.39M | 6.64M | ||
| Total Assets | 1.92B | 1.65B | 1.59B | 392.09M | 366.21M |
| Accounts Payable | 45.28M | 22.83M | 31.32M | 6.35M | 6.87M |
| Accrued Expenses | 27.37M | 26.43M | 33.30M | 7.39M | 8.10M |
| Current Portion of Leases | 21.63M | 20.90M | 14.65M | 2.38M | 1.74M |
| Current Unearned Revenue | 18.91M | 7.38M | 8.00M | 1.51M | |
| Other Current Liabilities | 18.64M | 480.00K | 530.00K | ||
| Total Current Liabilities | 138.76M | 78.01M | 87.80M | 17.63M | 16.71M |
| Long-Term Debt | 298.41M | 167.82M | 635.92M | 235.26M | 220.03M |
| Long-Term Leases | 22.11M | 20.64M | 26.13M | 5.44M | 1.39M |
| Other Long-Term Liabilities | 104.65M | 21.95M | |||
| Total Liabilities | 563.93M | 288.43M | 749.84M | 258.34M | 238.13M |
| Common Stock | 9.00K | 9.00K | 839.11M | ||
| Additional Paid-In Capital | 340.20M | 69.28M | 36.48M | 88.89M | |
| Retained Earnings | 24.94M | 159.34M | 97.27M | 39.18M | |
| Total Common Equity | 365.15M | 228.63M | 839.11M | 133.75M | 128.08M |
| Minority Interest | 993.93M | 1.13B | |||
| Shareholders' Equity | 1.36B | 1.36B | 839.11M | 133.75M | 128.08M |
| Total Liabilities & Equity | 1.92B | 1.65B | 1.59B | 392.09M | 366.21M |
| Total Debt | 342.14M | 209.36M | 676.69M | 243.08M | 223.17M |
| Net Cash (Debt) | -322.95M | -204.84M | -672.08M | -243.08M | -223.17M |
| Net Cash Per Share | -3.34 | -2.26 | -87.16 | -47.66 | |
| Filing Date Shares Outstanding | 43.97M | 29.65M | 25.72M | ||
| Total Common Shares Outstanding | 43.96M | 29.09M | 10.00M | ||
| Working Capital | 231.91M | 182.18M | 198.33M | 60.94M | 39.87M |
| Book Value Per Share | 8.31 | 7.86 | 83.91 | ||
| Tangible Book Value | -246.48M | -294.50M | 286.89M | 120.27M | 112.50M |
| Tangible Book Value Per Share | -5.61 | -10.12 | 28.69 | ||
| Land | 1.82M | 1.82M | 1.82M | 150.00K | 150.00K |
| Buildings | 3.29M | 3.26M | 3.30M | 1.94M | 1.94M |
| Machinery | 1.19B | 1.06B | 869.05M | 413.60M | 373.42M |
| Construction In Progress | 4.28M | 3.17M | 7.15M | 275.00K | 109.00K |
| Leasehold Improvements | 10.96M | 10.51M | 8.27M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Net Income | 49.71M | 41.40M | 80.25M | 58.09M | 32.73M |
| Depreciation & Amortization | 179.54M | 154.66M | 95.19M | 44.33M | 36.42M |
| Other Amortization | 1.35M | 1.35M | 714.00K | 400.00K | 400.00K |
| Loss (Gain) From Sale of Assets | 1.21M | 742.00K | 797.00K | 1.17M | 51.00K |
| Stock-Based Compensation | 9.20M | 11.03M | 992.00K | 85.00K | 493.00K |
| Provision & Write-off of Bad Debts | 657.00K | 1.01M | 636.00K | 310.00K | 509.00K |
| Other Operating Activities | 87.35M | 85.21M | 1.07M | 2.51M | 335.00K |
| Change in Accounts Receivable | 7.23M | 18.87M | -15.49M | -16.89M | -13.78M |
| Change in Inventory | -1.55M | -76.00K | 21.92M | -6.63M | 9.27M |
| Change in Accounts Payable | 5.50M | -8.49M | 739.00K | -2.41M | |
| Change in Unearned Revenue | 8.83M | -626.00K | -4.29M | -515.00K | |
| Change in Other Net Operating Assets | -5.45M | -10.71M | -3.15M | -998.00K | 2.54M |
| Operating Cash Flow | 343.58M | 294.37M | 179.38M | 81.86M | 66.56M |
| Capital Expenditures | -207.34M | -199.10M | -90.49M | -43.51M | -106.96M |
| Sale of Property, Plant & Equipment | 302.00K | 467.00K | 166.00K | 841.00K | 31.00K |
| Cash Acquisitions | -162.39M | -548.00K | -3.91M | ||
| Sale (Purchase) of Intangibles | -790.00K | -571.00K | -193.00K | ||
| Investing Cash Flow | -370.22M | -199.75M | -94.43M | -42.67M | -106.93M |
| Long-Term Debt Issued | 647.04M | 460.40M | 188.36M | 188.12M | |
| Long-Term Debt Repaid | -1.13B | -303.51M | -175.05M | -110.75M | |
| Net Debt Issued (Repaid) | 114.03M | -482.59M | 156.89M | 13.31M | 77.37M |
| Issuance of Common Stock | 461.80M | ||||
| Repurchase of Common Stock | -31.81M | -15.30M | |||
| Common Dividends Paid | -45.59M | -35.27M | -230.51M | -52.50M | -37.00M |
| Other Financing Activities | -81.00K | -23.36M | -6.71M | ||
| Financing Cash Flow | 36.54M | -94.71M | -80.33M | -39.19M | 40.37M |
| Net Cash Flow | 9.90M | -93.00K | 4.62M | ||
| Free Cash Flow | 136.24M | 95.27M | 88.89M | 38.35M | -40.40M |
| Free Cash Flow Margin | 16.62% | 12.54% | 16.61% | 15.76% | -27.18% |
| Free Cash Flow Per Share | 1.41 | 1.05 | 11.53 | 7.52 | |
| Levered Free Cash Flow | 50.73M | 62.18M | -85.59M | 17.44M | |
| Unlevered Free Cash Flow | 60.05M | 72.67M | -66.09M | 28.89M | |
| Cash Interest Paid | 16.28M | 15.77M | 28.77M | 18.90M | 8.67M |
| Cash Income Tax Paid | 5.10M | ||||
| Change in Working Capital | 14.57M | -1.03M | -265.00K | -25.03M | -4.38M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Market Capitalization | 1.74B | 529.66M | |||
| Enterprise Value | 2.06B | 1.74B | |||
| Last Close Price | 20.01 | 18.42 | |||
| PE Ratio | 15.44 | 12.79 | |||
| Forward PE | 12.83 | 14.21 | |||
| PS Ratio | 2.20 | 0.70 | |||
| PB Ratio | 2.41 | 0.39 | |||
| P/FCF Ratio | 13.24 | 5.56 | |||
| P/OCF Ratio | 5.25 | 1.80 | |||
| EV/Sales Ratio | 2.60 | 2.29 | |||
| EV/EBITDA Ratio | 6.47 | 5.80 | |||
| EV/EBIT Ratio | 13.25 | 11.21 | |||
| EV/FCF Ratio | 15.61 | 18.24 | |||
| Debt / Equity Ratio | 0.25 | 0.15 | 0.81 | 1.82 | 1.74 |
| Debt / EBITDA Ratio | 1.03 | 0.69 | 3.24 | 1.97 | 2.83 |
| Debt / FCF Ratio | 2.51 | 2.20 | 7.61 | 6.34 | |
| Net Debt / Equity Ratio | 0.24 | 0.15 | 0.80 | 1.82 | 1.74 |
| Net Debt / EBITDA Ratio | 0.98 | 0.68 | 3.23 | 1.97 | 2.83 |
| Net Debt / FCF Ratio | 2.37 | 2.15 | 7.56 | 6.34 | -5.52 |
| Asset Turnover | 0.46 | 0.47 | 0.54 | 0.64 | |
| Inventory Turnover | 2.19 | 2.30 | 2.90 | 3.58 | |
| Quick Ratio | 1.19 | 1.35 | 1.42 | 2.52 | 1.67 |
| Current Ratio | 2.67 | 3.33 | 3.26 | 4.46 | 3.39 |
| Return on Equity (ROE) | 10.15% | 11.98% | 16.50% | 44.37% | |
| Return on Assets (ROA) | 5.68% | 5.99% | 7.42% | 13.11% | |
| Return on Invested Capital (ROIC) | 9.42% | 10.08% | 12.27% | 21.70% | 12.07% |
| Return on Capital Employed (ROCE) | 9.00% | 9.90% | 7.80% | 21.20% | 12.20% |
| Earnings Yield | 6.48% | 7.82% | |||
| FCF Yield | 7.55% | 17.99% | |||
| Dividend Yield | 1.88% | 1.32% | |||
| Payout Ratio | 27.31% | 85.19% | 287.25% | 90.38% | 113.05% |
| Buyback Yield / Dilution | -434.43% | -1,075.94% | -51.19% | ||
| Total Shareholder Return | -432.63% | -1,074.63% | -51.19% |