FLOCFlowco Holdings Inc.
Is the business good?
The checks split: earnings fully cash-backed (2.3×), but returns that lean on debt.
Operating profit is fully backed by cash. Conversion is improving vs a year ago.
Leverage-amplified, a high assets-to-equity ratio does much of the work. ROE 14% = margin × turnover × leverage.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is FLOC?
Flowco Holdings Inc. earns 19% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
Return on invested capital · cost of capital 9.0% · 9.9 points above what the capital costs: growth creates value
- Operating margin
- 19%
Operating margin · Oil & Gas Equipment & Services median 10% · 12 months to Q2 2026
- Cash conversion
- 2.25×
Cash conversion · 1.96× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- +68%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2022 | 29% |
| FY2023 | 32% |
| FY2024 | 22% |
| FY2025 | 20% |
Details›
- Gross margin12 months to Q2 2026
- 55%
- Operating margin12 months to Q2 2026
- 19%
- Net margin12 months to Q2 2026
- 6.1%
- Free cash flow margin
- 25%
- Revenue, trailing twelve months
- $820M
- Free cash flow, trailing twelve months
- $208M
- Net income, trailing twelve months
- $50M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 19%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.