FLOWCO HLDGS INC Financials

FLOC

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Financial Profile 96/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

100

FLOWCO HLDGS INC has an operating margin of 21.8%, meaning the company retains $22 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is down from 32.2% the prior year.

Growth

100

FLOWCO HLDGS INC's revenue surged 120.0% year-over-year to $535.3M, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Liquidity

100

With a current ratio of 3.26, FLOWCO HLDGS INC holds $3.26 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow

FLOWCO HLDGS INC converts 16.6% of revenue into free cash flow ($88.9M). This strong cash generation earns a score of 83/100.

Altman Z-Score Distress

0.93

FLOWCO HLDGS INC scores 0.93, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Neutral

4/9

FLOWCO HLDGS INC passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

2.24x

For every $1 of reported earnings, FLOWCO HLDGS INC generates $2.24 in operating cash flow ($179.4M OCF vs $80.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

3.6x

FLOWCO HLDGS INC earns $3.6 in operating income for every $1 of interest expense ($116.7M vs $32.3M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

This page shows FLOWCO HLDGS INC (FLOC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$535.3M

YoY+120.0%

FLOWCO HLDGS INC generated $535.3M in revenue in fiscal year 2024. This represents an increase of 120.0% from the prior year.

EBITDA

$207.6M

YoY+69.9%

FLOWCO HLDGS INC's EBITDA was $207.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 69.9% from the prior year.

Free Cash Flow

$88.9M

YoY+131.8%

FLOWCO HLDGS INC generated $88.9M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 131.8% from the prior year.

Net Income

$80.2M

YoY+38.1%

FLOWCO HLDGS INC reported $80.2M in net income in fiscal year 2024. This represents an increase of 38.1% from the prior year.

EPS (Diluted)

$10.41

YoY-8.6%

FLOWCO HLDGS INC earned $10.41 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 8.6% from the prior year.

Cash & Debt

$4.6M

FLOWCO HLDGS INC held $4.6M in cash against $635.9M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

N/A

Gross Margin

50.6%

YoY-6.3pp

FLOWCO HLDGS INC's gross margin was 50.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 6.3 percentage points from the prior year.

Operating Margin

21.8%

YoY-10.4pp

FLOWCO HLDGS INC's operating margin was 21.8% in fiscal year 2024, reflecting core business profitability. This is down 10.4 percentage points from the prior year.

Net Margin

15.0%

YoY-8.9pp

FLOWCO HLDGS INC's net profit margin was 15.0% in fiscal year 2024, showing the share of revenue converted to profit. This is down 8.9 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$90.5M

YoY+108.0%

FLOWCO HLDGS INC invested $90.5M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 108.0% from the prior year.

FLOC Income Statement

Metric	FY24	FY23	FY22
Revenue	$535.3M+120.0%	$243.3M+63.7%	$148.6M
Cost of Revenue	$264.4M+152.4%	$104.8M+88.9%	$55.5M
Gross Profit	$270.9M+95.5%	$138.5M+48.8%	$93.1M
R&D Expenses	N/A	N/A	N/A
SG&A Expenses	$62.5M+310.4%	$15.2M+7.4%	$14.2M
Operating Income	$116.7M+49.0%	$78.3M+83.4%	$42.7M
Interest Expense	$32.3M+70.6%	$19.0M+104.2%	$9.3M
Income Tax	$1.2M+209.0%	$379K+33.9%	$283K
Net Income	$80.2M+38.1%	$58.1M+77.5%	$32.7M
EPS (Diluted)	$10.41-8.6%	$11.39-100.0%	$32729.00

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$176.9M-8.4%	$193.2M+0.4%	$192.3M+3.4%	$186.0M-1.8%	$189.4M+103.2%	$93.2M+39.7%	$66.7M	N/A
Cost of Revenue	$74.2M-17.7%	$90.2M-2.4%	$92.4M+1.1%	$91.4M-9.3%	$100.8M+127.5%	$44.3M+58.8%	$27.9M	N/A
Gross Profit	$102.8M-0.3%	$103.0M+3.1%	$99.9M+5.6%	$94.6M+6.8%	$88.6M+81.1%	$48.9M+26.0%	$38.8M	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$29.0M-11.3%	$32.7M+7.0%	$30.5M+16.3%	$26.2M+4.9%	$25.0M+272.4%	$6.7M+50.0%	$4.5M	N/A
Operating Income	$34.6M-6.8%	$37.1M+5.1%	$35.3M+4.1%	$33.9M+3.1%	$32.9M+18.7%	$27.7M+24.6%	$22.2M	N/A
Interest Expense	$2.8M-57.2%	$6.4M+20.1%	$5.4M-47.3%	$10.2M-14.2%	$11.9M+115.4%	$5.5M+14.5%	$4.8M	N/A
Income Tax	-$2.2M-156.9%	$3.9M+46.5%	$2.6M+464.6%	$469K+18.4%	$396K+128.9%	$173K+30.1%	$133K	N/A
Net Income	$12.5M+128.8%	$5.5M-11.4%	$6.2M-72.4%	$22.3M+8.2%	$20.6M+2.8%	$20.1M+16.9%	$17.2M	N/A
EPS (Diluted)	$0.32+52.4%	$0.21-12.5%	$0.24	N/A	N/A	N/A	N/A	N/A

FLOC Balance Sheet

Metric	FY24	FY23	FY22
Total Assets	$1.6B+305.3%	$392.1M	N/A
Current Assets	$286.1M+264.2%	$78.6M	N/A
Cash & Equivalents	$4.6M	$0	$0
Inventory	$151.2M+382.4%	$31.3M	N/A
Accounts Receivable	$120.4M+171.1%	$44.4M	N/A
Goodwill	$249.7M+11127.2%	$2.2M0.0%	$2.2M
Total Liabilities	$1.6B+515.1%	$258.3M	N/A
Current Liabilities	$87.8M+397.9%	$17.6M	N/A
Long-Term Debt	$635.9M+170.3%	$235.3M	N/A
Total Equity	$0-100.0%	$133.8M	N/A
Retained Earnings	-$53.0M-154.5%	$97.3M	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$1.7B+5.0%	$1.6B0.0%	$1.6B+1.1%	$1.6B	N/A	N/A	N/A	$392.1M
Current Assets	$293.2M+0.3%	$292.3M-1.6%	$296.9M+3.8%	$286.1M	N/A	N/A	N/A	$78.6M
Cash & Equivalents	$7.2M-22.1%	$9.3M+1251.8%	$687K-85.1%	$4.6M-80.0%	$23.1M+357.5%	$5.1M+485.6%	$863K	$0
Inventory	$159.3M+5.6%	$150.8M-3.9%	$157.0M+3.8%	$151.2M	N/A	N/A	N/A	$31.3M
Accounts Receivable	$119.0M-3.1%	$122.8M-8.6%	$134.3M+11.6%	$120.4M	N/A	N/A	N/A	$44.4M
Goodwill	$249.7M0.0%	$249.7M0.0%	$249.7M0.0%	$249.7M-6.7%	$267.5M+11929.0%	$2.2M0.0%	$2.2M0.0%	$2.2M
Total Liabilities	$1.3B-9.7%	$1.5B-26.3%	$2.0B+24.4%	$1.6B	N/A	N/A	N/A	$258.3M
Current Liabilities	$100.9M+12.2%	$90.0M+4.5%	$86.1M-1.9%	$87.8M	N/A	N/A	N/A	$17.6M
Long-Term Debt	$222.6M+33.3%	$167.1M-7.7%	$181.0M-71.5%	$635.9M	N/A	N/A	N/A	$235.3M
Total Equity	$371.0M+146.7%	$150.3M+140.6%	-$370.1M	$0	N/A	N/A	N/A	$133.8M
Retained Earnings	$315.4M+138.5%	$132.2M+135.7%	-$370.1M-598.4%	-$53.0M	N/A	N/A	N/A	$97.3M

FLOC Cash Flow Statement

Metric	FY24	FY23	FY22
Operating Cash Flow	$179.4M+119.1%	$81.9M+23.0%	$66.6M
Capital Expenditures	$90.5M+108.0%	$43.5M-59.3%	$107.0M
Free Cash Flow	$88.9M+131.8%	$38.3M+194.9%	-$40.4M
Investing Cash Flow	-$94.4M-121.3%	-$42.7M+60.1%	-$106.9M
Financing Cash Flow	-$80.3M-105.0%	-$39.2M-197.1%	$40.4M
Dividends Paid	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	$82.5M+0.4%	$82.2M+93.1%	$42.5M-31.6%	$62.2M-7.3%	$67.0M+205.6%	$21.9M-22.3%	$28.2M	N/A
Capital Expenditures	$39.7M+10.9%	$35.8M+28.4%	$27.9M-2.0%	$28.4M-17.9%	$34.6M+172.4%	$12.7M-14.0%	$14.8M	N/A
Free Cash Flow	$42.8M-7.8%	$46.4M+215.7%	$14.7M-56.5%	$33.8M+4.1%	$32.4M+251.3%	$9.2M-31.4%	$13.5M	N/A
Investing Cash Flow	-$112.2M-213.6%	-$35.8M-29.3%	-$27.7M+22.1%	-$35.5M-2.9%	-$34.5M-259.1%	-$9.6M+34.8%	-$14.7M	N/A
Financing Cash Flow	$27.7M+173.2%	-$37.8M-100.9%	-$18.8M+58.3%	-$45.2M-213.0%	-$14.4M-77.5%	-$8.1M+35.6%	-$12.6M	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

FLOC Financial Ratios

Metric	FY24	FY23	FY22
Gross Margin	50.6%-6.3pp	56.9%-5.7pp	62.7%
Operating Margin	21.8%-10.4pp	32.2%+3.5pp	28.7%
Net Margin	15.0%-8.9pp	23.9%+1.8pp	22.0%
Return on Equity	N/A	43.4%	N/A
Return on Assets	5.1%-9.8pp	14.8%	N/A
Current Ratio	3.26-1.2	4.46	N/A
Debt-to-Equity	N/A	1.76	N/A
FCF Margin	16.6%+0.9pp	15.8%+42.9pp	-27.2%

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	58.1%+4.7pp	53.3%+1.4pp	51.9%+1.1pp	50.9%+4.1pp	46.8%-5.7pp	52.5%-5.7pp	58.2%	N/A
Operating Margin	19.6%+0.3pp	19.2%+0.8pp	18.4%+0.1pp	18.2%+0.9pp	17.4%-12.4pp	29.7%-3.6pp	33.3%	N/A
Net Margin	7.1%+4.2pp	2.8%-0.4pp	3.2%-8.8pp	12.0%+1.1pp	10.9%-10.7pp	21.6%-4.2pp	25.8%	N/A
Return on Equity	3.4%-0.3pp	3.6%	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	0.7%+0.4pp	0.3%-0.0pp	0.4%-1.0pp	1.4%	N/A	N/A	N/A	N/A
Current Ratio	2.90-0.3	3.25-0.2	3.45+0.2	3.26	N/A	N/A	N/A	4.46
Debt-to-Equity	0.60-0.5	1.11+1.6	-0.49	N/A	N/A	N/A	N/A	1.76
FCF Margin	24.2%+0.2pp	24.0%+16.4pp	7.6%-10.5pp	18.2%+1.0pp	17.1%+7.2pp	9.9%-10.3pp	20.2%	N/A

Note: Shareholder equity is negative ($0), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

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Frequently Asked Questions

What is FLOWCO HLDGS INC's annual revenue?

FLOWCO HLDGS INC (FLOC) reported $535.3M in total revenue for fiscal year 2024. This represents a 120.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is FLOWCO HLDGS INC's revenue growing?

FLOWCO HLDGS INC (FLOC) revenue grew by 120% year-over-year, from $243.3M to $535.3M in fiscal year 2024.

Is FLOWCO HLDGS INC profitable?

Yes, FLOWCO HLDGS INC (FLOC) reported a net income of $80.2M in fiscal year 2024, with a net profit margin of 15.0%.

What is FLOWCO HLDGS INC's earnings per share (EPS)?

FLOWCO HLDGS INC (FLOC) reported diluted earnings per share of $10.41 for fiscal year 2024. This represents a -8.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is FLOWCO HLDGS INC's EBITDA?

FLOWCO HLDGS INC (FLOC) had EBITDA of $207.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does FLOWCO HLDGS INC have?

As of fiscal year 2024, FLOWCO HLDGS INC (FLOC) had $4.6M in cash and equivalents against $635.9M in long-term debt.

What is FLOWCO HLDGS INC's gross margin?

FLOWCO HLDGS INC (FLOC) had a gross margin of 50.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is FLOWCO HLDGS INC's operating margin?

FLOWCO HLDGS INC (FLOC) had an operating margin of 21.8% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is FLOWCO HLDGS INC's net profit margin?

FLOWCO HLDGS INC (FLOC) had a net profit margin of 15.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is FLOWCO HLDGS INC's free cash flow?

FLOWCO HLDGS INC (FLOC) generated $88.9M in free cash flow during fiscal year 2024. This represents a 131.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is FLOWCO HLDGS INC's operating cash flow?

FLOWCO HLDGS INC (FLOC) generated $179.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are FLOWCO HLDGS INC's total assets?

FLOWCO HLDGS INC (FLOC) had $1.6B in total assets as of fiscal year 2024, including both current and long-term assets.

What are FLOWCO HLDGS INC's capital expenditures?

FLOWCO HLDGS INC (FLOC) invested $90.5M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

What is FLOWCO HLDGS INC's current ratio?

FLOWCO HLDGS INC (FLOC) had a current ratio of 3.26 as of fiscal year 2024, which is generally considered healthy.

What is FLOWCO HLDGS INC's return on assets (ROA)?

FLOWCO HLDGS INC (FLOC) had a return on assets of 5.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is FLOWCO HLDGS INC's Altman Z-Score?

FLOWCO HLDGS INC (FLOC) has an Altman Z-Score of 0.93, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is FLOWCO HLDGS INC's Piotroski F-Score?

FLOWCO HLDGS INC (FLOC) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are FLOWCO HLDGS INC's earnings high quality?

FLOWCO HLDGS INC (FLOC) has an earnings quality ratio of 2.24x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can FLOWCO HLDGS INC cover its interest payments?

FLOWCO HLDGS INC (FLOC) has an interest coverage ratio of 3.6x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is FLOWCO HLDGS INC?

FLOWCO HLDGS INC (FLOC) scores 96 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.