# Flowco Holdings Inc. (FLOC)

> Source: Nexqual · https://nexqual.com/FLOC · data as of 2026-10-29 13:31 UTC · cite as "Nexqual, Flowco Holdings Inc. (FLOC), nexqual.com/FLOC" · informational, not investment advice.

**Price:** USD 20.34 (-0.12% today) · US market open, as of October 29, 2026 at 13:31 UTC; quotes may be delayed. Prev close 20.36 · day 20.34–20.34 · 52w 15.71–28.26 · market cap $2.21B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $820M, net income $49.7M (6.1% margin), free cash flow $208M (SEC filings).
- Valuation: P/E 44.5x (avg 41.0x at the last 1 fiscal year-ends), EV/EBITDA 7.7x, net debt $279M.
- 1 of 80 tracked superinvestors hold FLOC (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Analysts: Buy (mean 1.78 on a 1–5 scale) (9 analysts), mean target USD 30.33 (range 27–34).
- Total return with dividends: 1Y +30.1% vs S&P 500 +13.6%; 5Y -30.1% vs S&P 500 +79.8%.
- Next earnings: 2026-11-04, EPS estimate USD 0.36, revenue estimate $250M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|
| Revenue | $243M | $535M | $760M | $820M |
| Gross profit | $139M | $271M | $413M | — |
| Operating income | $78.3M | $117M | $149M | $154M |
| Net income | $58.1M | $80.2M | $41.4M | $49.7M |
| EPS (diluted) | — | — | $1.24 | — |
| Free cash flow | $38.3M | $88.9M | $167M | $208M |
| Gross margin | 56.9% | 50.6% | 54.4% | — |
| Operating margin | 32.2% | 21.8% | 19.6% | 18.8% |
| Net margin | 23.9% | 15.0% | 5.4% | 6.1% |
| Revenue growth | — | +120.0% | +41.9% | — |
| Cash + short-term investments | $0K | $4.6M | $4.5M | — |
| Total debt | — | $636M | $168M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 44.5x · P/S 2.7x · EV/EBITDA 7.7x · EV/Sales 3.0x · P/FCF 10.6x · P/B 6.1x · FCF yield 9.40% · Earnings yield 2.25% · Buyback yield (TTM) 1.42% · Net debt $279M · EV $2.49B
P/E at fiscal year-ends: Dec 2025 41.0x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold FLOC. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| First Eagle Investment | First Eagle Investment Management | 0.03% | $16.6M | Added +36.9% |

## Analysts
Consensus Buy (mean 1.78 on a 1–5 scale), 9 analysts; mean target USD 30.33 (low 27, high 34).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-03 | Citigroup | Target lowered | Neutral | $30.81 → $27 |
| 2026-07-14 | Piper Sandler | Target lowered | Overweight | $32 → $31 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-29) | 5Y (from 2025-01-13) |
|---|---|---|
| Total return | +30.1% | -30.1% |
| S&P 500 (SPY) | +13.6% | +79.8% |
| Per year | +30.1% | -18.1% |
| Volatility (annualized) | 45.6% | 45.2% |
| Max drawdown | -35.1% (May 2026→Sep 2026) | -52.1% (Jan 2025→Oct 2025) |

## Peers (Oil & Gas Equipment & Services)
NESR (National Energy Services Reunit) USD 21.66 -0.39% · INVX (Innovex International, Inc.) USD 30.28 -0.29% · XPRO (Expro Ltd) USD 17.57 -0.23% · NEXT (NextDecade Corporation) USD 6.8 +4.45% · WTTR (Select Water Solutions, Inc.) USD 19.84 +0.05% · LBRT (Liberty Energy Inc.) USD 17.72 +0.62%

## More
Full page: https://nexqual.com/FLOC · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in FLOC's own 10-K filed 2026-02-26 (https://www.sec.gov/Archives/edgar/data/2035149/000119312526077219/floc-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | If Flowco | "If Flowco LLC were to become a publicly traded partnership taxable as a corporation for U.S. federal income tax purposes, we and Flowco LLC might be subject to potentially significant tax inefficiencies." |
| Partner | Archrock, Inc. (AROC) | "On July 1, 2025, the Company entered into an asset purchase agreement with Archrock, Inc. ("Archrock"), pursuant to which the Company acquired certain HPGL and VRU systems, related intangible assets, and a small amount o…" |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.36 | $0.39 | -8.0% | $250.0M | 1 |
| Next quarter (ends 2026-12-31) | $0.36 | $0.38 | -5.3% | $265.5M | 3 |
| Current fiscal year (ends 2026-12-31) | $1.46 | $1.52 | -4.1% | $960.7M | 3 |
| Next fiscal year (ends 2027-12-31) | $1.64 | $1.77 | -7.3% | $1.13B | 3 |

## Earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Jun 30, 2026 | $0.78 | $0.37 | Beat +110.8% | — |
| — | Quarter ended Mar 31, 2026 | $1.09 | $0.33 | Beat +230.3% | — |
| — | Quarter ended Dec 31, 2025 | $0.51 | $0.32 | Beat +59.4% | — |
| — | Quarter ended Sep 30, 2025 | $0.41 | $0.30 | Beat +36.7% | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

## Recent SEC filings (last 120 days)
| Filed | Form | What it says | Filing |
|---|---|---|---|
| 2026-10-02 | 8-K | Entered a material agreement; Regulation FD disclosure — “On October 2, 2026, Lifting Solutions Holdings Canada Corp., a corporation existing under the laws of Alberta ("Buyer") and a wholly owned subsidiary of Flowco Holdings Inc. (the "Company"), entered into a Share Purchase Agreement (the "Purchase Agreement") by and among Buyer, Lifting Solutions Energy Services Inc., a corporation existing under the laws of Alberta (the "Acquired Company"), the shareholders and warrantholders of the Acquired Company (collectively, the "Sellers"), and ARC Equity Management (Fund 7)…” | https://www.sec.gov/Archives/edgar/data/2035149/000119312526411196/0001193125-26-411196-index.htm |
| 2026-08-25 | 8-K | Regulation FD disclosure | https://www.sec.gov/Archives/edgar/data/2035149/000119312526364216/0001193125-26-364216-index.htm |
| 2026-08-14 | Schedule 13G | T. Rowe Price Associates, Inc.: 7.3% of shares, passive 5%+ holder | https://www.sec.gov/Archives/edgar/data/2035149/000008025526000586/0000080255-26-000586-index.htm |
| 2026-08-11 | 10-Q | Quarterly report · period ended Jun 30, 2026 | https://www.sec.gov/Archives/edgar/data/2035149/000119312526344790/0001193125-26-344790-index.htm |
| 2026-08-11 | 8-K | Quarterly results | https://www.sec.gov/Archives/edgar/data/2035149/000119312526343188/0001193125-26-343188-index.htm |
| 2026-08-10 | 8-K | Regulation FD disclosure | https://www.sec.gov/Archives/edgar/data/2035149/000119312526342622/0001193125-26-342622-index.htm |
| 2026-08-06 | Schedule 13G/A | FMR LLC, Abigail P. Johnson: 14.3% of shares, passive 5%+ holder (amended) | https://www.sec.gov/Archives/edgar/data/2035149/000031506626002027/0000315066-26-002027-index.htm |
| 2026-07-30 | 8-K | Regulation FD disclosure | https://www.sec.gov/Archives/edgar/data/2035149/000119312526326350/0001193125-26-326350-index.htm |
| 2026-07-30 | 8-K | Director or executive officer change, or pay arrangement — “Appointment of a New Director On July 29, 2026, the Board of Directors (the "Board") of Flowco Holdings Inc. (the "Company") appointed John R. Rutherford, effective July 29, 2026, to fill a vacancy on the Board. Mr. Rutherford will serve as a Class I director with a term expiring at the Company's 2029 annual meeting of stockholders. Mr. Rutherford was also appointed on July 29, 2026, to serve on the Board's Nominating and Governance Committee and Compensation Committee. Based upon information requested from and…” | https://www.sec.gov/Archives/edgar/data/2035149/000119312526324856/0001193125-26-324856-index.htm |
| 2026-07-29 | 8-K | Director or executive officer change, or pay arrangement — “Departure of Executive Officer On July 27, 2026, Chad Roberts, the Executive Vice President, Production Solutions of Flowco Holdings, Inc. (the "Company"), gave notice of his intent to resign as an officer of the Company effective as of the close of business on August 3, 2026. Mr. Roberts will continue to serve in his current role until such time.” | https://www.sec.gov/Archives/edgar/data/2035149/000119312526324218/0001193125-26-324218-index.htm |
| 2026-07-28 | Schedule 13G | BlackRock, Inc.: 6.4% of shares, passive 5%+ holder | https://www.sec.gov/Archives/edgar/data/2035149/000201238326002570/0002012383-26-002570-index.htm |
| 2026-07-02 | 10-K/A | Annual report · period ended Dec 31, 2025 | https://www.sec.gov/Archives/edgar/data/2035149/000119312526294704/0001193125-26-294704-index.htm |
| 2026-07-02 | 10-Q/A | Quarterly report · period ended Mar 31, 2026 | https://www.sec.gov/Archives/edgar/data/2035149/000119312526294682/0001193125-26-294682-index.htm |
Source: SEC EDGAR. Quotes are the opening words of each item as filed.