Flowco Holdings Inc. (FLOC) stock analysis
Close on Nov 11, 2026Market cap $1.89BP/E –Yield 0.38%
StockData Score
Prices as of Nov 11, 2026How the score works
Mixed9 of 30 checks passed
Flowco passes 9 of the 30 checks behind our score; 14 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 0/6
- Growth
- 2/6
- Past performance
- 3/6
- Financial health
- 3/6
- Dividend
- 1/6
What stands out
Return on capital over 10%
Return on invested capital was 23.7%, above the 10% that usually covers the cost of capital.
Interest well covered
Operating income covers interest expense 8.7 times.
Debt covered by cash flow
Operating cash flow over the last twelve months equals 100% of total debt.
Growing faster than the industry
Revenue grew 20.4% over the last twelve months; the Construction, Mining, and Materials Handling median is 10.4%.
What to watch
Margin of safety under 20%
The price is 102% above fair value, so there is no margin of safety.
Trading above fair value
The share price of $20.89 is above our fair value estimate of $10.34.
High debt
Debt is 66.6% of shareholders' equity, above the 40% we consider low.
Bankruptcy risk in the grey zone
The Altman Z-score is 2.70; above 3 is the safe zone and below 1.8 the distress zone.
Valuation0/6
P/E against its history
Not enough price and earnings history to compare.
P/E against the industry
Needs positive earnings and enough profitable companies in the industry.
EV/EBITDA against its history
Needs positive EBITDA and price history.
P/B above the industry
Flowco's price-to-book of 3.46 is above the Construction, Mining, and Materials Handling median of 1.38.
Trading above fair value
The share price of $20.89 is above our fair value estimate of $10.34.
Margin of safety under 20%
The price is 102% above fair value, so there is no margin of safety.
Growth2/6
Revenue growth over 3 years
Needs three years of positive revenue.
EPS growth over 3 years
Needs positive EPS three years ago and today.
Earnings acceleration
Needs positive net income now, a year ago and five years ago.
Growing faster than the industry
Revenue grew 20.4% over the last twelve months; the Construction, Mining, and Materials Handling median is 10.4%.
Company guidance
No outlook found in earnings releases from the last twelve months.
Gross margin improving
Gross margin was 53.9% over the last twelve months, against 53.5% a year earlier.
Past performance3/6
Return on equity
Needs positive equity and five years of results.
Return on capital over 10%
Return on invested capital was 23.7%, above the 10% that usually covers the cost of capital.
Return on equity above the industry
Flowco's return on equity of 12.5% is above the Construction, Mining, and Materials Handling median of 4.5%.
Earnings over 5 years
Needs positive net income five years ago and in the latest year.
Net margin against its history
Needs five years of revenue and net income.
Net margin above the industry
Flowco's net margin of 6.4% is above the Construction, Mining, and Materials Handling median of 2.6%.
Financial health3/6
High debt
Debt is 66.6% of shareholders' equity, above the 40% we consider low.
Debt trend
Needs a balance sheet from five years ago with positive equity.
Debt covered by cash flow
Operating cash flow over the last twelve months equals 100% of total debt.
Interest well covered
Operating income covers interest expense 8.7 times.
Short-term assets cover short-term debts
Current assets are 3.19 times current liabilities.
Bankruptcy risk in the grey zone
The Altman Z-score is 2.70; above 3 is the safe zone and below 1.8 the distress zone.
Dividend1/6
Pays a dividend
Flowco paid dividends worth 1.6% of the share price over the last twelve months.
Yield below Treasuries
The 1.6% yield is below the 4.4% on a 1-year Treasury.
Yield below the top quarter
The top quarter of US dividend payers yield 3.8% or more; Flowco yields 1.6%.
Dividend stability
Fewer than five years of dividend history.
Earnings cover
Needs dividends paid and net income.
Cash-flow cover
Needs dividends paid and free cash flow.
Fair value
How we estimate itOur estimate per share
$10.34
The share price is 102% above this estimate.
| Method | Multiple used | Own 5Y median | Industry median | Value per share | Weight |
|---|---|---|---|---|---|
| EV/EBITDAleft out, too far from the others | 11.1× | – | 11.1× | $40.07 | – |
| P/B | 1.4× | – | 1.4× | $8.36 | 40% |
| Earnings power | 9.3% cost of equity | – | – | $11.66 | 60% |
| Fair value | $10.34 | 100% | |||
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Medium risk
- Average value traded per day
- $11.89M
- Value traded per 1% price move
- $5.47M
Downside
Medium risk
- Typical loss in a bad month
- 18.0%
- Volatility (annualized)
- 43%
- Sharpe ratio, 1 year
- 0.42
- Beta to the S&P 500 (5Y)
- 0.89
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2022 to 2025
Gross margin
Operating margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +41.9% | – | – | – | |
| Gross profit | +52.5% | – | – | – | |
| Operating income | +27.6% | – | – | – | |
| Free cash flow | +88.0% | – | – | – |
Returns and balance sheet
4 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2022 | FY2022 | FY2025 | Trend |
|---|---|---|---|---|
| Current ratio | – | – | 3.34 | |
| Net debt to EBITDA | – | – | 0.56× | |
| Interest coverage | – | – | 7.9× | |
| Capex to revenue | – | – | 16.8% |
Cash use needs five years of cash flow figures
Flowco does not report operating cash flow and capital expenditure for each of the last five fiscal years.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 5.4% | 0.47× | 14.15× | 36.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero$41.40M
- Cash generatingOperating cash flow above zero$294.37M
- Return on assets improvedROA up on the prior year– → 2.6%
- Earnings backed by cashOperating cash flow above net income$294.37M vs $41.40M
- Less leverageLong-term debt to assets fell40.0% → 10.2%
- Better liquidityCurrent ratio rose3.26 → 3.34
- No dilutionShare count did not rise– → 91M
- Gross margin improvedGross margin up on the prior year50.60% → 54.38%
- More efficientAsset turnover rose– → 0.48
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