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what it is
Flowco sells equipment and software that help oil and gas wells keep producing longer.
how it gets paid
Last year Flowco made $342M in revenue. Production Solutions was the main engine at $190M, or 56% of sales.
why it's growing
Revenue grew 32.2% last year (FY). Do not stack 266% vs. prior year on the same page unless it is a defined quarter vs a tiny base—the clean FY print here is ~32%, not triple-digit.
what just happened
Latest quarter revenue ~$86M with EPS $0.82 in this feed—not $256M as a single quarter on $342M FY.
At a glance
n/a balance sheet
71.3x trailing p/e — you're paying up for this one
1.4% dividend yield — cash in your pocket every quarter
6.5% return on capital — nothing to write home about
$0.50 fy2025 eps est
What they do
Flowco sells equipment and software that help oil and gas wells keep producing longer.
You buy Flowco after the well is drilled. That matters because its gear and remote monitoring (watching wells from afar) help you squeeze more oil and gas out of the same hole for longer. The company had 1,283 employees and a 38.9% operating margin, meaning it kept 39 cents of every sales dollar before interest and taxes.
How they make money
$342M
annual revenue · their business grew +32.2% last year
Production Solutions
$190M
Natural Gas Technologies
$88M
Remote Monitoring & Digital Control
$34M
Methane Abatement / VRU
$30M
The products that matter
well equipment rental and service
Production Solutions
$190M · 56% of FY revenue
matches the segment table above—this is the largest FY line; quarterly revenue on the page is on the order of ~$86M total, not mis-scaled single-line “quarter” figures that sum to full-year sales.
core engine
gas processing and related equipment
Natural Gas Technologies
$88M · 26% of FY revenue
second-largest segment in the FY bridge—meaningful mix, but still behind production solutions in the disclosed annual split.
cyclical exposure
monitoring, digital, and emissions
Remote & methane
$34M + $30M · ~19% of FY combined
remote monitoring & digital control $34M plus methane abatement / VRU $30M—material together, but not the top line vs $190M production solutions in the table.
smaller FY lines
Key numbers
71.3x
Earnings multiple
You are paying 71.3 times trailing profit. The market usually does that when it expects a lot and forgives very little.
38.9%
Operating margin
For every $1 of sales, Flowco keeps $0.39 before interest and taxes. That kind of spread gives the business breathing room.
$244M
Long-term debt
Debt is 11% of capital. That is not a fire alarm, but it does mean the balance sheet is part of the story.
$342M
Annual revenue
That is the whole pie. A 10% slowdown would shave about $34M off the top line.
Financial health
n/a
strength
- balance sheet grade n/a
- long-term debt $244M (11% of capital)
n/a — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for FLOC right now.
source: institutional data · return history unavailable
What just happened
beat estimates
Quarterly revenue ~$86M and EPS $0.82—aligned to the KPI row, not a $256M “quarter” on $342M FY.
Treat 266% vs. prior year as suspect unless the prior-year quarter is defined—FY growth here is 32.2%.
$86M
revenue
$0.82
eps
32.2%
FY rev growth
the clean quarter read
$0.82 EPS on ~$86M quarter revenue is the clean print here—use it instead of mis-scaled $256M quarter claims.
source: company earnings report, 2026
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What could go wrong
the top risk for flowco is tariff and supply-chain exposure tied to chinese-made electric submersible pumps.
high
supply chain & tariff exposure
flowco relies on chinese-made electric submersible pumps. if tariffs rise or supply gets pinched, a meaningful slice of equipment availability and pricing gets hit at the same time.
threatens $34M–$51M in annual revenue
med
margin compression
42.4% adjusted ebitda margin is the bull case in one number. if competition tightens, utilization softens, or acquisition costs bleed in, that peak-like margin can come down faster than investors expect.
a 10-point drop would erase about $38M in annual profit
med
valiant integration risk
the valiant deal needs to fold into operations cleanly. if integration drags, the company can lose focus on retention, pricing, or service quality right when the market is demanding premium execution.
could delay ebitda growth and pressure near-term confidence
low
valuation leaves no hiding place
at 71.3x trailing earnings and about 38.5x this year's $0.50 eps estimate, you do not need an operational disaster to get hurt. a normal disappointment can do the job.
multiple compression is possible even if the business stays profitable
tariff exposure threatens up to $51M in revenue, and a 10-point margin giveback could erase about $38M in annual profit. for a stock priced on premium execution, those are not small dents.
source: institutional data · regulatory filings · risk analysis
Pay attention to
metric
adjusted ebitda margin next quarter
42.4% is the headline number holding this story together. if the next print slips meaningfully, the premium valuation gets harder to defend.
risk
tariff commentary around chinese-made esps
management does not need a full disruption for this to matter. even cautious sourcing language would put the $34M–$51M revenue exposure back in focus.
calendar
annual general meeting — may 07, 2026
watch for updated guidance, acquisition integration commentary, and any attempt to frame margin durability as structural rather than just recent.
trend
growth versus the ~10% expectation
the market can live with slower growth if margins stay elite. it cannot live with slower growth and shrinking margins at the same time. that's the combination to watch.
Analyst rankings
source: institutional data
Institutional activity
institutional ownership data for FLOC is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$19
current price
n/a
target midpoint · n/a from current
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