Flowco Holdings Inc. (FLOC) 10-Year Financial Performance & Capital Metrics

FLOC • • Industrial / General

EnergyOilfield ServicesCompletion & Production EquipmentProduction Equipment & Services

AboutFlowco Holdings Inc. operates as a holding company. The Company, through its subsidiaries, specializes in production optimization, artificial lift, and methane abatement solutions for the oil and natural gas industry.Show more

Revenue $535M +120.0%
EBITDA $212M +72.8%
Net Income $80M +38.1%
EPS (Diluted) 0.89 +34.8%
Gross Margin 33.63% -13.6%
EBITDA Margin 39.59% -21.5%
Operating Margin 21.81% -32.3%
Net Margin 14.99% -37.2%
ROE 16.5% -62.8%
ROIC 9.28% -42.5%
Debt/Equity 0.81 -55.6%
Interest Coverage 3.61 -12.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 28.8%
✓FCF machine: 16.6% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Healthy 5Y average net margin of 20.3%

✗Weaknesses

✗Dividend payout exceeds 100% of earnings
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y-

TTM-34.98%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM162.27%

EPS CAGR

10Y-

5Y-

3Y-

TTM-74.03%

ROCE

10Y Avg15.44%

5Y Avg15.44%

3Y Avg15.44%

Latest12.45%

Peer Comparison

Production Equipment & Services

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FLOCFlowco Holdings Inc.	561.6M	19.87	22.33	119.99%	15.83%	6.6%	15.79%	0.81
RNGRRanger Energy Services, Inc.	347.57M	14.72	18.17	-10.29%	2.72%	5.52%	14.5%	0.12
STAKSTAK Inc. Ordinary Shares	3.9M	0.39	1.77	-10.53%	12.91%	26.11%		0.42
RCONRecon Technology, Ltd.	15.09M	1.42	-0.30	-3.73%	-64.25%	-9.38%		0.08

Profit & Loss

	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	148.61M	243.32M	535.28M
Revenue Growth %	-	0.64%	1.2%
Cost of Goods Sold+	91.68M	148.6M	355.29M
COGS % of Revenue	0.62%	0.61%	0.66%
Gross Profit+	56.93M	94.72M	179.99M
Gross Margin %	0.38%	0.39%	0.34%
Gross Profit Growth %	-	0.66%	0.9%
Operating Expenses+	14.22M	16.39M	63.25M
OpEx % of Revenue	0.1%	0.07%	0.12%
Selling, General & Admin	14.17M	15.22M	62.45M
SG&A % of Revenue	0.1%	0.06%	0.12%
Research & Development	0	0	0
R&D % of Revenue	-	-	-
Other Operating Expenses	51K	1.17M	797K
Operating Income+	42.7M	78.33M	116.74M
Operating Margin %	0.29%	0.32%	0.22%
Operating Income Growth %	-	0.83%	0.49%
EBITDA+	79.13M	122.66M	211.93M
EBITDA Margin %	0.53%	0.5%	0.4%
EBITDA Growth %	-	0.55%	0.73%
D&A (Non-Cash Add-back)	36.42M	44.33M	95.19M
EBIT	42.3M	77.42M	113.77M
Net Interest Income+	-9.28M	-18.96M	-32.34M
Interest Income	0	0	0
Interest Expense	9.28M	18.96M	32.34M
Other Income/Expense	-9.69M	-19.87M	-35.32M
Pretax Income+	33.01M	58.47M	81.42M
Pretax Margin %	0.22%	0.24%	0.15%
Income Tax+	283K	379K	1.17M
Effective Tax Rate %	0.99%	0.99%	0.99%
Net Income+	32.73M	58.09M	80.25M
Net Margin %	0.22%	0.24%	0.15%
Net Income Growth %	-	0.77%	0.38%
Net Income (Continuing)	32.73M	58.09M	80.25M
Discontinued Operations	0	0	0
Minority Interest	0	0	0
EPS (Diluted)+	6.06	0.66	0.89
EPS Growth %	-	-0.89%	0.35%
EPS (Basic)	6.06	0.66	0.89
Diluted Shares Outstanding	5.4M	87.87M	90.54M
Basic Shares Outstanding	5.4M	87.87M	90.54M
Dividend Payout Ratio	1.13%	0.9%	2.87%

Balance Sheet

	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	56.58M	78.57M	286.13M
Cash & Short-Term Investments	0	0	4.62M
Cash Only	0	0	4.62M
Short-Term Investments	0	0	0
Accounts Receivable	27.82M	44.4M	120.35M
Days Sales Outstanding	68.34	66.6	82.07
Inventory	27.21M	31.34M	151.18M
Days Inventory Outstanding	108.34	76.97	155.31
Other Current Assets	0	2.84M	0
Total Non-Current Assets+	309.63M	313.52M	1.3B
Property, Plant & Equipment	294.06M	300.04M	743.97M
Fixed Asset Turnover	0.51x	0.81x	0.72x
Goodwill	2.22M	2.22M	249.69M
Intangible Assets	13.35M	11.25M	302.52M
Long-Term Investments	0	0	0
Other Non-Current Assets	0	0	6.64M
Total Assets+	366.21M	392.09M	1.59B
Asset Turnover	0.41x	0.62x	0.34x
Asset Growth %	-	0.07%	3.05%
Total Current Liabilities+	16.71M	17.63M	87.8M
Accounts Payable	6.87M	6.35M	31.32M
Days Payables Outstanding	27.33	15.6	32.18
Short-Term Debt	0	2.38M	0
Deferred Revenue (Current)	0	0	0
Other Current Liabilities	-1	2.83M	8.53M
Current Ratio	3.39x	4.46x	3.26x
Quick Ratio	1.76x	2.68x	1.54x
Cash Conversion Cycle	149.34	127.97	205.2
Total Non-Current Liabilities+	221.42M	240.7M	662.04M
Long-Term Debt	220.03M	235.26M	635.92M
Capital Lease Obligations	1.39M	5.44M	26.13M
Deferred Tax Liabilities	0	0	0
Other Non-Current Liabilities	1	0	0
Total Liabilities	238.13M	258.34M	749.84M
Total Debt+	223.17M	243.08M	676.69M
Net Debt	223.17M	243.08M	672.08M
Debt / Equity	1.74x	1.82x	0.81x
Debt / EBITDA	2.82x	1.98x	3.19x
Net Debt / EBITDA	2.82x	1.98x	3.17x
Interest Coverage	4.60x	4.13x	3.61x
Total Equity+	128.08M	133.75M	839.11M
Equity Growth %	-	0.04%	5.27%
Book Value per Share	23.73	1.52	9.27
Total Shareholders' Equity	128.08M	133.75M	839.11M
Common Stock	0	0	0
Retained Earnings	39.18M	97.27M	-52.99M
Treasury Stock	0	0	0
Accumulated OCI	0	0	0
Minority Interest	0	0	0

Cash Flow

	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	66.56M	81.86M	179.38M
Operating CF Margin %	0.45%	0.34%	0.34%
Operating CF Growth %	-	0.23%	1.19%
Net Income	32.73M	58.09M	80.25M
Depreciation & Amortization	36.42M	44.33M	95.19M
Stock-Based Compensation	493K	85K	992K
Deferred Taxes	0	0	0
Other Non-Cash Items	1.29M	4.39M	3.22M
Working Capital Changes	-4.38M	-25.03M	-265K
Change in Receivables	-13.78M	-16.89M	-15.49M
Change in Inventory	9.27M	-6.63M	21.92M
Change in Payables	-2.41M	-515K	-4.29M
Cash from Investing+	-106.93M	-42.67M	-94.43M
Capital Expenditures	-106.96M	-43.51M	-90.49M
CapEx % of Revenue	0.72%	0.18%	0.17%
Acquisitions	-	-	-
Investments	-	-	-
Other Investing	31K	841K	-27K
Cash from Financing+	40.37M	-39.19M	-80.33M
Debt Issued (Net)	-	-	-
Equity Issued (Net)	-	-	-
Dividends Paid	-37M	-52.5M	-230.51M
Share Repurchases	-	-	-
Other Financing	0	0	-6.71M
Net Change in Cash	-	-	-
Free Cash Flow+	-40.4M	38.35M	88.7M
FCF Margin %	-0.27%	0.16%	0.17%
FCF Growth %	-	1.95%	1.31%
FCF per Share	-7.48	0.44	0.98
FCF Conversion (FCF/Net Income)	2.03x	1.41x	2.24x
Interest Paid	8.67M	18.9M	28.77M
Taxes Paid	0	0	0

Key Ratios

Metric	2022	2023	2024
Return on Equity (ROE)	25.55%	44.37%	16.5%
Return on Invested Capital (ROIC)	9.12%	16.14%	9.28%
Gross Margin	38.31%	38.93%	33.63%
Net Margin	22.02%	23.87%	14.99%
Debt / Equity	1.74x	1.82x	0.81x
Interest Coverage	4.60x	4.13x	3.61x
FCF Conversion	2.03x	1.41x	2.24x
Revenue Growth	-	63.73%	119.99%

Frequently Asked Questions

Valuation & Price

Flowco Holdings Inc. (FLOC) has a price-to-earnings (P/E) ratio of 22.3x. This is roughly in line with market averages.

Growth & Financials

Flowco Holdings Inc. (FLOC) reported $550.5M in revenue for fiscal year 2024. This represents a 270% increase from $148.6M in 2022.

Flowco Holdings Inc. (FLOC) grew revenue by 120.0% over the past year. This is strong growth.

Yes, Flowco Holdings Inc. (FLOC) is profitable, generating $87.1M in net income for fiscal year 2024 (15.0% net margin).

Dividend & Returns

Yes, Flowco Holdings Inc. (FLOC) pays a dividend with a yield of 12.81%. This makes it attractive for income-focused investors.

Flowco Holdings Inc. (FLOC) has a return on equity (ROE) of 16.5%. This is reasonable for most industries.

Flowco Holdings Inc. (FLOC) generated $137.6M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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