Quality Investor

Flowco Holdings Inc.

Rank #331Hypergrowth

FLOC · NYSE · Energy

Flowco Holdings Inc. (FLOC) — Rank #331 by gross profitability (GP/assets 0.21) · ROE 11.3% · Piotroski F-Score N/A.

As-of 2026-09-15 · CIK 0002035149 · all metrics point-in-time as of the filing date.

About

Flowco Holdings Inc., through its subsidiaries, provides production optimization, artificial lift, and emissions management and monetization solutions for the oil and natural gas industry in the United States.

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The company operates in two segments, Production Solutions and Natural Gas Technologies. The company involves in the renting, servicing, and sale of high-pressure gas lifts, conventional gas lifts, and plunger lifts; and manufacture and installation of methane abatement technologies that allow producers to reduce methane emissions associated with their wellsite operations, as well as offers digital solutions. It also manufactures, rents, services, and sells vapor recovery unit systems; and manufactures natural gas systems. Flowco Holdings Inc.

was incorporated in 2024 and is headquartered in Houston, Texas.

Industry
Oil & Gas Equipment & Services
Sector
Energy
Filer Category
Emerging growth company
Fiscal Year End
December 31

Price History

FLOC-28.1% · -18.1% CAGRSPY+31.4% · +18.0% CAGR

Company Snapshot

P/S is the primary valuation lens — earnings are reinvested, not available for P/E.

Market Cap

$2.24B

P/E (annual)

16.6

P/S (annual)

2.9

P/B

6.1

P/OCF (annual)

7.6

Shareholder Yield

Employees

1,281

Industry

Oil & Gas Equipment & Services

Exchange

NYSE

Signal Flags

1 green1 red
Sequential beat (rev + EPS)Both revenue and EPS exceeded prior quarter — 1-quarter streak
Operating margin decliningOperating margin lower than prior year

Quality Profile

Profitability

1/1 pass
GP / assets
0.21
Return on equity
11.3%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
1.54
Current ratio
2.67×
Net cash
-$279.22M

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
1.5%

Growth

1/1 pass
Revenue growth
41.9%
Piotroski F-Score
N/A
Share dilution

Terry Smith quality gate

Passes 2/5 Terry Smith thresholds

1 of 5 threshold not computable from filed data.

What Growth Is Priced In

Implied revenue growth (10Y)

-0.3%

incredible deal

The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).

vs. own 6-year median revenue growth: 41.9%

within its own history

Cost-of-equity sensitivity (implied growth at different discount rates)

r = 8%

-4.1%

r = 10% (base)

-0.3%

r = 12%

3.0%

Net debt / market cap: 15.0%

Base FCF: $167.1M3Y mean FCF: $167.1M

Revenue growth and the path to profitability (margin trend) are the primary reads at this stage.

Profitability

Gross profitability (GP / assets)

0.21

Primary signal (Novy-Marx).

23rd pctl of 36 SIC 35 peers

Return on equity

11.3%

Gross margin

54.4%

83rd pctl of 36 SIC 35 peers

Revenue growth (YoY)

41.9%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

202320242025
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Anti-fragile safety

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

1.54

17th pctl of 36 SIC 35 peers (best = lowest)

Current ratio

2.67×

83rd pctl of 36 SIC 35 peers

Quick ratio

1.19×

Net cash

-$279.22M

Cash & equivalents minus total debt.

Cash-flow health

Free cash flow

$167.08M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF / net income

3.04

Cash-backing of earnings.

FCF/NI divergence

Unfavorable divergence (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

1.5%

Stock-based comp intensity.

Piotroski F-Score

F-Score

N/A

Only 8/9 components determinable.

Lifecycle Phase History

20232025
Hypergrowth