
Flowco Holdings (FLOC) | Financial Analysis & Statements
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Mar 2025Income Metrics
Revenue
192.4M
Gross Profit
65.8M
34.22%
Operating Income
35.3M
18.34%
Net Income
27.0M
14.06%
EPS (Diluted)
$0.24
Balance Sheet Metrics
Total Assets
1.6B
Total Liabilities
300.2M
Shareholders Equity
1.3B
Debt to Equity
0.23
Cash Flow Metrics
Operating Cash Flow
48.1M
Free Cash Flow
14.7M
Revenue & Profitability Trend
Flowco Holdings Income Statement From 2022 to 2024
Metric | 2024 | 2023 | 2022 |
---|---|---|---|
Revenue | 535.3M | 243.3M | 148.6M |
Cost of Goods Sold | 355.3M | 148.6M | 91.7M |
Gross Profit | 180.0M | 94.7M | 56.9M |
Gross Margin % | 33.6% | 38.9% | 38.3% |
Operating Expenses | |||
Research & Development | - | - | - |
Selling, General & Administrative | 62.5M | 15.2M | 14.2M |
Other Operating Expenses | - | - | - |
Total Operating Expenses | 62.5M | 15.2M | 14.2M |
Operating Income | 117.5M | 79.5M | 42.8M |
Operating Margin % | 22.0% | 32.7% | 28.8% |
Non-Operating Items | |||
Interest Income | - | - | - |
Interest Expense | 32.3M | 19.0M | 9.3M |
Other Non-Operating Income | -3.8M | -2.1M | -459.0K |
Pre-tax Income | 81.4M | 58.5M | 33.0M |
Income Tax | 1.2M | 379.0K | 283.0K |
Effective Tax Rate % | 1.4% | 0.6% | 0.9% |
Net Income | 80.2M | 58.1M | 32.7M |
Net Margin % | 15.0% | 23.9% | 22.0% |
Key Metrics | |||
EBITDA | 210.0M | 122.9M | 78.8M |
EPS (Basic) | $0.91 | $2.64 | $1.49 |
EPS (Diluted) | $0.91 | $0.66 | $0.37 |
Basic Shares Outstanding | 87874662 | 21993991 | 21993991 |
Diluted Shares Outstanding | 87874662 | 21993991 | 21993991 |
Income Statement Trend
Flowco Holdings Balance Sheet From 2022 to 2024
Metric | 2024 | 2023 | 2022 |
---|---|---|---|
Assets | |||
Current Assets | |||
Cash & Equivalents | 4.6M | 0 | 0 |
Short-term Investments | - | - | - |
Accounts Receivable | 120.4M | 44.4M | 27.8M |
Inventory | 151.2M | 31.3M | 27.2M |
Other Current Assets | 10.0M | 2.8M | 1.5M |
Total Current Assets | 286.1M | 78.6M | 56.6M |
Non-Current Assets | |||
Property, Plant & Equipment | 19.5M | 4.4M | 408.0K |
Goodwill | 801.9M | 15.7M | 17.8M |
Intangible Assets | 302.5M | 11.3M | 13.4M |
Long-term Investments | - | - | - |
Other Non-Current Assets | 6.6M | - | - |
Total Non-Current Assets | 1.3B | 313.5M | 309.6M |
Total Assets | 1.6B | 392.1M | 366.2M |
Liabilities | |||
Current Liabilities | |||
Accounts Payable | 31.3M | 6.4M | 6.9M |
Short-term Debt | 14.6M | 2.4M | 1.7M |
Current Portion of Long-term Debt | - | - | - |
Other Current Liabilities | - | - | - |
Total Current Liabilities | 87.8M | 17.6M | 16.7M |
Non-Current Liabilities | |||
Long-term Debt | 662.0M | 240.7M | 221.4M |
Deferred Tax Liabilities | - | - | - |
Other Non-Current Liabilities | - | - | - |
Total Non-Current Liabilities | 662.0M | 240.7M | 221.4M |
Total Liabilities | 749.8M | 258.3M | 238.1M |
Equity | |||
Common Stock | - | - | - |
Retained Earnings | -53.0M | 97.3M | 39.2M |
Treasury Stock | - | - | - |
Other Equity | - | - | - |
Total Shareholders Equity | 839.1M | 133.8M | 128.1M |
Key Metrics | |||
Total Debt | 676.7M | 243.1M | 223.2M |
Working Capital | 198.3M | 60.9M | 39.9M |
Balance Sheet Composition
Flowco Holdings Cash Flow Statement From 2022 to 2024
Metric | 2024 | 2023 | 2022 |
---|---|---|---|
Operating Activities | |||
Net Income | 80.2M | 58.1M | 32.7M |
Depreciation & Amortization | 95.2M | 44.3M | 36.4M |
Stock-Based Compensation | 992.0K | 85.0K | 493.0K |
Working Capital Changes | 1.9M | -24.5M | -7.1M |
Operating Cash Flow | 178.1M | 78.4M | 62.9M |
Investing Activities | |||
Capital Expenditures | -90.3M | -42.7M | -106.9M |
Acquisitions | -3.9M | 0 | 0 |
Investment Purchases | - | - | - |
Investment Sales | - | - | - |
Investing Cash Flow | -94.2M | -42.7M | -106.9M |
Financing Activities | |||
Share Repurchases | - | - | - |
Dividends Paid | -230.5M | -52.5M | -37.0M |
Debt Issuance | 463.2M | 188.4M | 188.1M |
Debt Repayment | -306.3M | -175.0M | -110.8M |
Financing Cash Flow | -80.3M | -39.2M | 39.2M |
Free Cash Flow | 88.7M | 38.3M | -40.4M |
Net Change in Cash | 3.5M | -3.5M | -4.9M |
Cash Flow Trend
Flowco Holdings Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
26.67
Forward P/E
9.84
Price to Book
2.74
Price to Sales
1.90
PEG Ratio
-0.36
Profitability Ratios
Profit Margin
7.18%
Operating Margin
19.25%
Return on Equity
17.00%
Return on Assets
5.52%
Financial Health
Current Ratio
3.25
Debt to Equity
139.09
Per Share Data
EPS (TTM)
$0.60
Book Value per Share
$5.84
Revenue per Share
$42.57
Peer Financial Comparison
Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
---|---|---|---|---|---|---|
floc | 1.4B | 26.67 | 2.74 | 17.00% | 7.18% | 139.09 |
Schlumberger Limited | 49.7B | 11.40 | 2.22 | 19.22% | 11.53% | 63.58 |
Baker Hughes Company | 42.2B | 13.99 | 2.38 | 18.36% | 11.04% | 33.77 |
Atlas Energy | 1.9B | 93.42 | 1.09 | 1.20% | 1.20% | 43.46 |
Solaris Energy | 1.9B | 46.46 | 2.79 | 8.91% | 5.05% | 70.26 |
Liberty Energy | 1.8B | 8.40 | 0.87 | 10.92% | 5.29% | 25.40 |
Financial data is updated regularly. All figures are in the company's reporting currency.