FLOC
Flowco Holdings Inc.
Oil & Gas Equipment & Services
Market Cap$804M
5Y Perf.-12.3%
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Stock Comparison
FLOC vs NCSM
Revenue, margins, valuation, and 5-year total return — side by side.
NCSM
NCS Multistage Holdings, Inc.
Oil & Gas Equipment & Services
Market Cap$105M
5Y Perf.+38.3%
FLOC vs NCSM — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | FLOC | NCSM |
|---|---|---|
| Industry | Oil & Gas Equipment & Services | Oil & Gas Equipment & Services |
| Market Cap | $804M | $105M |
| Revenue (TTM) | $777M | $180M |
| Net Income (TTM) | $71M | $19M |
| Gross Margin | 24.8% | 36.7% |
| Operating Margin | 19.4% | 5.2% |
| Forward P/E | 16.2x | 8.7x |
| Total Debt | $219M | $13M |
| Cash & Equiv. | $5M | $37M |
FLOC vs NCSM — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
FLOC
NCSM
| Stock | Jan 25 | May 26 | Return |
|---|---|---|---|
| Flowco Holdings Inc. (FLOC) | 100 | 87.7 | -12.3% |
| NCS Multistage Hold… (NCSM) | 100 | 138.3 | +38.3% |
Price return only. Dividends and distributions are not included.
Quick Verdict: FLOC vs NCSM
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: NCSM leads in 5 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Flowco Holdings Inc. is the stronger pick specifically for growth and revenue expansion and dividend income and shareholder returns. As sector peers, any of these can serve as alternatives in the same allocation.
FLOC
Flowco Holdings Inc.
The Growth Play
FLOC is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 41.9%, EPS growth -95.6%, 3Y rev CAGR 72.3%
- -16.2% 10Y total return vs NCSM's -90.0%
- 41.9% revenue growth vs NCSM's 13.6%
Best for: growth exposure and long-term compounding
NCSM
NCS Multistage Holdings, Inc.
The Income Pick
NCSM carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- beta 0.28
- Lower volatility, beta 0.28, Low D/E 9.0%, current ratio 4.27x
- Beta 0.28, current ratio 4.27x
Best for: income & stability and sleep-well-at-night
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | FLOC | 41.9% revenue growth vs NCSM's 13.6% |
| Value | NCSM | Lower P/E (8.7x vs 16.2x) |
| Quality / Margins | NCSM | 10.8% margin vs FLOC's 9.1% |
| Stability / Safety | NCSM | Beta 0.28 vs FLOC's 1.18, lower leverage |
| Dividends | FLOC | 1.6% yield; the other pay no meaningful dividend |
| Momentum (1Y) | NCSM | +28.1% vs FLOC's +19.4% |
| Efficiency (ROA) | NCSM | 11.4% ROA vs FLOC's 4.1%, ROIC 7.9% vs 7.2% |
FLOC vs NCSM — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2025
FLOC vs NCSM — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLNCSMLAGGINGFLOC
FLOCFlowco Holdings Inc.
1leads
NCSMNCS Multistage Holdin…
3leads
6 Total Categories
CATEGORYLEADERvs FLOCMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
FLOC4/6
Valuation MetricsMultiples, price ratios, and targets
NCSM4/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
NCSM7/9
Total Returns1Y, 3Y, 5Y total returns with dividends
NCSM4/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
—
—
Income & Cash Flow (Last 12 Months)
FLOC leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
FLOC is the larger business by revenue, generating $777M annually — 4.3x NCSM's $180M. Profitability is closely matched — net margins range from 10.8% (NCSM) to 9.1% (FLOC). On growth, FLOC holds the edge at +8.9% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | FLOCFlowco Holdings I… | NCSMNCS Multistage Ho… |
|---|---|---|
| RevenueTrailing 12 months | $777M | $180M |
| EBITDAEarnings before interest/tax | $301M | $15M |
| Net IncomeAfter-tax profit | $71M | $19M |
| Free Cash FlowCash after capex | $205M | $24M |
| Gross MarginGross profit ÷ Revenue | +24.8% | +36.7% |
| Operating MarginEBIT ÷ Revenue | +19.4% | +5.2% |
| Net MarginNet income ÷ Revenue | +9.1% | +10.8% |
| FCF MarginFCF ÷ Revenue | +26.3% | +13.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | +8.9% | -8.7% |
| EPS Growth (YoY)Latest quarter vs prior year | -4.2% | -109.3% |
FLOC leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
NCSM leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 4.6x trailing earnings, NCSM trades at a 91% valuation discount to FLOC's 53.4x P/E. On an enterprise value basis, FLOC's 3.5x EV/EBITDA is more attractive than NCSM's 4.6x.
| Metric | FLOCFlowco Holdings I… | NCSMNCS Multistage Ho… |
|---|---|---|
| Market CapShares × price | $804M | $105M |
| Enterprise ValueMkt cap + debt − cash | $1.0B | $81M |
| Trailing P/EPrice ÷ TTM EPS | 53.39x | 4.60x |
| Forward P/EPrice ÷ next-FY EPS est. | 16.17x | 8.70x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 3.47x | 4.57x |
| Price / SalesMarket cap ÷ Revenue | 1.06x | 0.57x |
| Price / BookPrice ÷ Book value/share | 1.64x | 0.76x |
| Price / FCFMarket cap ÷ FCF | 4.81x | 4.98x |
NCSM leads this category, winning 4 of 6 comparable metrics.
Profitability & Efficiency
NCSM leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
NCSM delivers a 14.4% return on equity — every $100 of shareholder capital generates $14 in annual profit, vs $5 for FLOC. NCSM carries lower financial leverage with a 0.09x debt-to-equity ratio, signaling a more conservative balance sheet compared to FLOC's 0.16x. On the Piotroski fundamental quality scale (0–9), FLOC scores 7/9 vs NCSM's 6/9, reflecting strong financial health.
| Metric | FLOCFlowco Holdings I… | NCSMNCS Multistage Ho… |
|---|---|---|
| ROE (TTM)Return on equity | +5.3% | +14.4% |
| ROA (TTM)Return on assets | +4.1% | +11.4% |
| ROICReturn on invested capital | +7.2% | +7.9% |
| ROCEReturn on capital employed | +9.7% | +8.4% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 6 |
| Debt / EquityFinancial leverage | 0.16x | 0.09x |
| Net DebtTotal debt minus cash | $215M | -$24M |
| Cash & Equiv.Liquid assets | $5M | $37M |
| Total DebtShort + long-term debt | $219M | $13M |
| Interest CoverageEBIT ÷ Interest expense | 12.43x | 28.21x |
NCSM leads this category, winning 7 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
NCSM leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in NCSM five years ago would be worth $15,144 today (with dividends reinvested), compared to $8,377 for FLOC. Over the past 12 months, NCSM leads with a +28.1% total return vs FLOC's +19.4%. The 3-year compound annual growth rate (CAGR) favors NCSM at 27.0% vs FLOC's -5.7% — a key indicator of consistent wealth creation.
| Metric | FLOCFlowco Holdings I… | NCSMNCS Multistage Ho… |
|---|---|---|
| YTD ReturnYear-to-date | +29.5% | +0.5% |
| 1-Year ReturnPast 12 months | +19.4% | +28.1% |
| 3-Year ReturnCumulative with dividends | -16.2% | +104.9% |
| 5-Year ReturnCumulative with dividends | -16.2% | +51.4% |
| 10-Year ReturnCumulative with dividends | -16.2% | -90.0% |
| CAGR (3Y)Annualised 3-year return | -5.7% | +27.0% |
NCSM leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
Evenly matched — FLOC and NCSM each lead in 1 of 2 comparable metrics.
Risk & Volatility
NCSM is the less volatile stock with a 0.28 beta — it tends to amplify market swings less than FLOC's 1.18 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. FLOC currently trades 95.3% from its 52-week high vs NCSM's 45.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | FLOCFlowco Holdings I… | NCSMNCS Multistage Ho… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.18x | 0.28x |
| 52-Week HighHighest price in past year | $25.76 | $87.36 |
| 52-Week LowLowest price in past year | $14.03 | $28.64 |
| % of 52W HighCurrent price vs 52-week peak | +95.3% | +45.6% |
| RSI (14)Momentum oscillator 0–100 | 55.3 | 27.8 |
| Avg Volume (50D)Average daily shares traded | 721K | 38K |
Evenly matched — FLOC and NCSM each lead in 1 of 2 comparable metrics.
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
FLOC is the only dividend payer here at 1.58% yield — a key consideration for income-focused portfolios.
| Metric | FLOCFlowco Holdings I… | NCSMNCS Multistage Ho… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | — |
| Price TargetConsensus 12-month target | $27.25 | — |
| # AnalystsCovering analysts | 4 | — |
| Dividend YieldAnnual dividend ÷ price | +1.6% | — |
| Dividend StreakConsecutive years of raises | 0 | — |
| Dividend / ShareAnnual DPS | $0.39 | — |
| Buyback YieldShare repurchases ÷ mkt cap | +1.9% | +0.3% |
Insufficient data to determine a leader in this category.
Key Takeaway
NCSM leads in 3 of 6 categories (Valuation Metrics, Profitability & Efficiency). FLOC leads in 1 (Income & Cash Flow). 1 tied.
Best OverallNCS Multistage Holdings, In… (NCSM)Leads 3 of 6 categories
Loading custom metrics...
FLOC vs NCSM: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is FLOC or NCSM a better buy right now?
For growth investors, Flowco Holdings Inc.
(FLOC) is the stronger pick with 41. 9% revenue growth year-over-year, versus 13. 6% for NCS Multistage Holdings, Inc. (NCSM). NCS Multistage Holdings, Inc. (NCSM) offers the better valuation at 4. 6x trailing P/E (8. 7x forward), making it the more compelling value choice. Analysts rate Flowco Holdings Inc. (FLOC) a "Buy" — based on 4 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — FLOC or NCSM?
On trailing P/E, NCS Multistage Holdings, Inc.
(NCSM) is the cheapest at 4. 6x versus Flowco Holdings Inc. at 53. 4x. On forward P/E, NCS Multistage Holdings, Inc. is actually cheaper at 8. 7x.
03Which is the better long-term investment — FLOC or NCSM?
Over the past 5 years, NCS Multistage Holdings, Inc.
(NCSM) delivered a total return of +51. 4%, compared to -16. 2% for Flowco Holdings Inc. (FLOC). Over 10 years, the gap is even starker: FLOC returned -16. 2% versus NCSM's -90. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — FLOC or NCSM?
By beta (market sensitivity over 5 years), NCS Multistage Holdings, Inc.
(NCSM) is the lower-risk stock at 0. 28β versus Flowco Holdings Inc. 's 1. 18β — meaning FLOC is approximately 325% more volatile than NCSM relative to the S&P 500. On balance sheet safety, NCS Multistage Holdings, Inc. (NCSM) carries a lower debt/equity ratio of 9% versus 16% for Flowco Holdings Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — FLOC or NCSM?
By revenue growth (latest reported year), Flowco Holdings Inc.
(FLOC) is pulling ahead at 41. 9% versus 13. 6% for NCS Multistage Holdings, Inc. (NCSM). On earnings-per-share growth, the picture is similar: NCS Multistage Holdings, Inc. grew EPS 239. 2% year-over-year, compared to -95. 6% for Flowco Holdings Inc.. Over a 3-year CAGR, FLOC leads at 72. 3% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — FLOC or NCSM?
NCS Multistage Holdings, Inc.
(NCSM) is the more profitable company, earning 12. 9% net margin versus 5. 4% for Flowco Holdings Inc. — meaning it keeps 12. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: FLOC leads at 19. 6% versus 6. 4% for NCSM. At the gross margin level — before operating expenses — NCSM leads at 38. 2%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is FLOC or NCSM more undervalued right now?
On forward earnings alone, NCS Multistage Holdings, Inc.
(NCSM) trades at 8. 7x forward P/E versus 16. 2x for Flowco Holdings Inc. — 7. 5x cheaper on a one-year earnings basis.
08Which pays a better dividend — FLOC or NCSM?
In this comparison, FLOC (1.
6% yield) pays a dividend. NCSM does not pay a meaningful dividend and should not be held primarily for income.
09Is FLOC or NCSM better for a retirement portfolio?
For long-horizon retirement investors, NCS Multistage Holdings, Inc.
(NCSM) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 28)). Both have compounded well over 10 years (NCSM: -90. 0%, FLOC: -16. 2%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between FLOC and NCSM?
Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: FLOC is a small-cap high-growth stock; NCSM is a small-cap deep-value stock. FLOC pays a dividend while NCSM does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(FLOC: 8.9% · NCSM: -8.7%)Net Margin>
%
(FLOC: 9.1% · NCSM: 10.8%)P/E Ratio<
x
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