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FLOC

Flowco Holdings Inc.

FLOC

Flowco Holdings Inc. • NYSE
$16.97 ▲ 1.31% (+0.22)
Market Cap $5.40 B
52w High $30.50
52w Low $14.03
Dividend Yield 0.32%
P/E 9.22
Volume 114.44K
Outstanding Shares 93.09M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $176.941M ▼ $26.364M ▼ $12.517M ▲ 7.074% ▲ $-0.13 ▼ $80.807M ▲
Q2-2025 $193.215M ▲ $32.751M ▲ $5.471M ▼ 2.832% ▼ $0.06 ▼ $72.801M ▲
Q1-2025 $192.35M ▲ $30.489M ▲ $6.172M ▼ 3.209% ▲ $0.068 ▼ $71.229M ▲
Q4-2024 $-11.989M ▼ $-8.988M ▼ $62.981M ▲ -525.323% ▼ $0.25 ▲ $40.174M ▼
Q3-2024 $189.365M $55.665M $20.646M 10.903% $0.23 $63.544M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $7.235M ▼ $1.686B ▲ $364.941M ▲ $370.958M ▲
Q2-2025 $9.287M ▲ $1.606B ▲ $291.107M ▼ $150.349M ▲
Q1-2025 $687K ▼ $1.606B ▲ $300.228M ▼ $-370.094M ▼
Q4-2024 $4.615M ▼ $1.589B ▼ $749.842M ▲ $839.107M ▲
Q3-2024 $23.124M $1.623B $426.957M $299.462M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $12.517M ▼ $82.467M ▲ $-112.199M ▼ $27.68M ▲ $-2.052M ▼ $42.804M ▼
Q2-2025 $27.352M ▲ $82.178M ▲ $-35.782M ▼ $-37.796M ▼ $8.6M ▲ $46.408M ▲
Q1-2025 $27.045M ▲ $42.549M ▼ $-27.663M ▲ $-18.814M ▲ $-3.928M ▲ $14.699M ▼
Q4-2024 $22.336M ▲ $62.175M ▼ $-35.53M ▼ $-45.154M ▼ $-18.509M ▼ $33.639M ▲
Q3-2024 $20.646M $67.037M $-34.54M $-14.427M $18.07M $32.43M

Five-Year Company Overview

Income Statement

Income Statement Flowco’s income statement shows a young but already profitable business that has been scaling up quickly. Revenue has grown steadily over the past three years, and profits have risen alongside it, not just at the operating level but all the way down to net income. That suggests the company is not simply “buying” growth with heavy discounting or bloated overheads. Margins appear healthy for an equipment-and-services business, which hints at pricing power and good cost control. The main caveat is size: they are still relatively small in absolute terms, which can make results more sensitive to swings in customer activity and industry cycles.

Balance Sheet

Balance Sheet The balance sheet has expanded meaningfully, reflecting growth and likely the impact of acquisitions and investment in equipment. Debt has increased, but so has equity, suggesting the company is using a mix of borrowing and owner capital to fund its expansion. On the surface, leverage looks manageable rather than extreme, but it is clearly an important part of the story now and worth monitoring as rates and industry conditions move. The reported absence of cash in the summary data is unusual and may reflect how the data was compiled rather than the true liquidity position, so a more detailed look at liquidity and available credit would be important. Overall, this is a growth-oriented balance sheet with more financial risk than a fully de-levered one, but not obviously stretched based on the limited information here.

Cash Flow

Cash Flow Cash flow trends are encouraging. The business is generating positive cash from operations and has improved this over time, which backs up the accounting profits on the income statement. Free cash flow has shifted from negative to positive as the company has grown, indicating that, at least recently, Flowco has been able to fund its investment needs and still have cash left over. Capital spending remains meaningful, which fits a model built on owning and renting equipment; that means ongoing reinvestment is likely a structural feature, not a temporary blip. The main risk is that in a downturn, a capital-heavy rental model can see cash flows tighten quickly, so sustainability across a full industry cycle is a key uncertainty.

Competitive Edge

Competitive Edge Flowco appears to have a strong competitive position in its niche. It claims leadership in high-pressure gas lift and related production optimization solutions, supported by a large installed base and deep relationships with major oil and gas producers. The vertically integrated model—designing, manufacturing, and renting much of its own equipment—can lower costs, improve reliability, and make it harder for smaller rivals to match their offering. The rental-heavy model creates recurring revenue and raises switching costs for customers, reinforcing customer stickiness. On the risk side, Flowco remains tied to a cyclical industry and faces competition from both specialized peers and larger diversified service companies. Its strength today rests heavily on maintaining its technology edge and service quality as the market evolves.

Innovation and R&D

Innovation and R&D Innovation is clearly at the core of Flowco’s strategy. The company has developed advanced gas-lift systems, digital monitoring and control tools, and methane abatement technologies that directly address both customer economics and environmental pressures. Patented solutions like its methane capture systems and proprietary controllers help differentiate it from more commodity-style service providers. The emphasis on electrification, automation, and digital optimization suggests a forward-looking approach that aligns with operators’ need to cut emissions and operating costs. Future growth seems tied to continuing this innovation push and integrating acquisitions effectively. The uncertainties are typical for technology-led models: competitors can respond, regulations can shift, and the company must keep investing in R&D and product development to stay ahead.

Summary

Flowco looks like a fast-growing, specialized energy services company that has moved beyond the start-up phase into consistent profitability, supported by differentiated technology and a rental-based, recurring-revenue model. Financially, it shows a combination of rising sales, solid margins, and improving cash generation, funded by a balance sheet that has taken on more debt to support expansion. Strategically, its focus on production optimization, emissions reduction, and digital control systems positions it well within a sector under pressure to be both more efficient and more environmentally responsible. Key uncertainties revolve around its exposure to oil and gas industry cycles, the need for ongoing capital and R&D spending, integration of acquisitions, and the demands of being newly public via a SPAC structure. Overall, the picture is of a niche leader with attractive strengths but also the usual risks of a capital-intensive, cyclical, and innovation-dependent business.

NEWS

November 5, 2025 · 6:00 AM UTC

Flowco Holdings Inc. Reports Third Quarter 2025 Results

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October 31, 2025 · 6:00 AM UTC

Flowco Holdings Inc. Declares Quarterly Cash Dividend

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October 15, 2025 · 4:30 PM UTC

Flowco Holdings Inc. to Announce Third Quarter 2025 Results on November 5, 2025

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