Flowco Holdings Inc Class A (FLOC) AI Stock Analysis

• Market Cap: $1.87B
• Dividend Yield: 1.32%
• Average Volume (3M): 191.76K
• Price to Earnings (P/E): 39.9
• Beta (1Y): 0.91
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 1,283
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): 0.35
• Shares Outstanding: 28,263,706
• 10 Day Avg. Volume: 200,134
• 30 Day Avg. Volume: 191,760
• PEG Ratio: 0.96
• Price to Book (P/B): 3.20
• Price to Sales (P/S): 5.02
• P/FCF Ratio: 30.32
• Enterprise Value/Market Cap: 3.68
• Enterprise Value/Revenue: 12.54
• Enterprise Value/Gross Profit: 36.00
• Enterprise Value/Ebitda: 26.05
• 1Y Price Target: $27.00
• Price Target Upside: 29.19% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 70 Outperform
• Price Target: $22.50 ▲(7.66% Upside)

The score is driven primarily by strong cash generation and generally solid profitability, supported by constructive technical momentum and a favorable earnings-call outlook (EBITDA strength and continued momentum in rentals). These positives are tempered by a high P/E valuation, modest dividend yield, and some fundamental softness/uncertainty (TTM revenue decline, margin compression, and a negative ROE datapoint).

Positive Factors

Cash generation

Consistent, sizable operating cash flow and positive free cash flow provide durable internal funding for capex, rental fleet growth, dividend distributions and debt servicing. Strong cash conversion improves resilience through cycles and supports strategic reinvestment without heavy external financing.

High-margin rental portfolio

Growth in rental revenue reflects a shift toward recurring, higher-margin business that smooths cyclicality from product sales. A larger rental fleet yields predictable cash flows, better utilization leverage, and stronger customer stickiness, supporting margin durability and long-term revenue visibility.

EBITDA margin expansion

Meaningful quarter-over-quarter margin expansion indicates improving operational efficiency and pricing/premium product mix. Sustained EBITDA margin gains enhance free cash flow potential and provide buffer against top-line softness, enabling continued investment in rental assets and shareholder returns.

Negative Factors

Topline softness

A declining revenue trend reduces operating leverage and raises the bar for maintaining margin and cash generation. If product sales weakness persists, it could constrain long-term growth, limit fleet expansion, and force tougher trade-offs in capital allocation despite strong cash generation.

Negative return on equity

A negative ROE signals that equity holders' returns are being eroded, potentially from volatile earnings, one-time items, or equity-related accounting effects. This undermines confidence in sustainable profitability versus shareholders' capital and complicates long-term capital-allocation decisions.

Segment revenue volatility

Large, segment-level swings—especially a sharp decline in Natural Gas Technologies—highlight exposure to cyclical product demand and revenue concentration risk. Persistent segment volatility can undermine predictability of margins and cash flow, stressing planning and capital deployment over multiple quarters.

Flowco Holdings Inc Class A Business Overview & Revenue Model

Company Description

Flowco Holdings Inc. operates as a holding company. The Company, through its subsidiaries, specializes in production optimization, artificial lift, and methane abatement solutions for the oil and natural gas industry.

How the Company Makes Money

Flowco Holdings Inc makes money primarily through the acquisition and management of its subsidiary companies, which operate in various industries such as energy, technology, and infrastructure. The company generates revenue by leveraging the operational efficiencies and synergies of its diverse portfolio. Key revenue streams include dividends from subsidiary profits, capital gains from strategic sales, and earnings from operational improvements. Significant partnerships with industry leaders and financial institutions also contribute to Flowco's earnings by enhancing its investment capabilities and expanding its market reach.

Flowco Holdings Inc Class A Financial Statement Overview

Summary

Cash generation is a key strength (TTM operating cash flow ~$269M and positive free cash flow ~$138M with strong cash conversion), supporting overall quality. Offsets include modest TTM revenue decline (~-2.2%), signs of margin compression versus prior years, and an unusual negative ROE reading that adds uncertainty despite manageable leverage (debt-to-equity ~0.11).

Income Statement

Profitability remains solid, with TTM (Trailing-Twelve-Months) showing healthy operating profitability (EBITDA margin ~34% and EBIT margin ~10%) and positive net income (~$87M). However, the topline trajectory has softened with revenue down in TTM (Trailing-Twelve-Months) (~-2.2% growth), and margins in TTM appear lower than the prior annual periods, indicating some deceleration and/or cost pressure versus 2023–2024.

Balance Sheet

Leverage appears manageable in TTM (Trailing-Twelve-Months) with debt meaningfully below equity (debt-to-equity ~0.11) and a sizeable asset base (~$1.69B). The main concern is profitability to equity in TTM: return on equity is negative, which conflicts with positive net income and suggests potential volatility or non-operating/equity-related impacts in the dataset; this reduces confidence in balance-sheet-driven returns despite improved leverage versus 2024.

Cash Flow

Cash generation is a clear strength: TTM (Trailing-Twelve-Months) operating cash flow is strong (~$269M) with positive free cash flow (~$138M) and improving free-cash-flow growth. Cash conversion is healthy overall, with operating cash flow running well above net income (coverage ~2.67), though free cash flow is only about half of net income in TTM, implying meaningful reinvestment/capex or working-capital needs.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022
Income Statement
Total Revenue	550.52M	535.28M	243.32M	148.61M
Gross Profit	191.81M	179.99M	94.72M	56.93M
EBITDA	265.01M	208.95M	121.75M	78.72M
Net Income	87.14M	80.25M	58.09M	32.73M
Balance Sheet
Total Assets	1.69B	1.59B	392.09M	366.21M
Cash, Cash Equivalents and Short-Term Investments	7.24M	4.62M	0.00	0.00
Total Debt	264.69M	676.69M	243.08M	223.17M
Total Liabilities	364.94M	749.84M	258.34M	238.13M
Stockholders Equity	370.96M	839.11M	133.75M	128.08M
Cash Flow
Free Cash Flow	137.55M	88.70M	38.35M	-40.40M
Operating Cash Flow	269.37M	179.38M	81.86M	66.56M
Investing Cash Flow	-211.17M	-94.43M	-42.67M	-106.93M
Financing Cash Flow	-74.08M	-80.33M	-39.19M	40.37M

Flowco Holdings Inc Class A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DNOW	72 Outperform	$2.82B	17.36	8.10%	―	3.18%	-53.71%
FLOC	70 Outperform	$1.87B	39.93	―	1.32%	―	―
LBRT	66 Neutral	$3.99B	28.47	9.21%	1.78%	-12.05%	-46.45%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
AESI	50 Neutral	$1.45B	-120.31	-1.20%	10.12%	20.68%	-112.42%
ACDC	47 Neutral	$942.34M	-2.54	-31.46%	―	-11.92%	-53.72%

Flowco Holdings Inc Class A Corporate Events

Flowco Holdings Declares Quarterly Dividend for Class A Shareholders

On January 30, 2026, Flowco Holdings Inc. announced that its board had declared a quarterly cash dividend of $0.08 per share for its Class A common stock, payable on February 25, 2026 to shareholders of record as of February 13, 2026, with its operating subsidiary, Flowco MergeCo LLC, making a matching $0.08 per unit distribution to holders of its common units. The move underscores Flowco’s effort to return capital to investors while signaling confidence in its cash generation, though the company emphasized that any future dividends will remain subject to board discretion and dependent on operating results, cash flows, financial position, capital needs, credit agreement constraints and legal requirements.

The most recent analyst rating on (FLOC) stock is a Buy with a $23.00 price target. To see the full list of analyst forecasts on Flowco Holdings Inc Class A stock, see the FLOC Stock Forecast page.

Flowco Holdings Announces Quarterly Dividend for Class A

On October 31, 2025, Flowco Holdings Inc. announced a quarterly cash dividend of $0.08 per share for its Class A common stock, payable on November 26, 2025, to shareholders of record as of November 14, 2025. The company’s operating subsidiary, Flowco MergeCo LLC, will also distribute $0.08 per unit to its common unit holders. This announcement reflects Flowco’s ongoing commitment to providing regular dividends, although future dividends will depend on various factors, including financial performance and capital requirements.

The most recent analyst rating on (FLOC) stock is a Buy with a $28.00 price target. To see the full list of analyst forecasts on Flowco Holdings Inc Class A stock, see the FLOC Stock Forecast page.