Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data Flowco Holdings Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2023
FY2025
FY2025
Revenue
243
535
760
Cost of revenue
105
264
347
Gross profit
139
271
413
Selling, general and administrative
15.2
62.5
119
Operating income
78.3
117
149
Interest expense
19
32.3
18.9
Other non-operating income
-0.91
-2.76
0.74
Pre-tax income
58.5
81.4
131
Income tax
0.38
1.17
-0.84
Net income
58.1
80.2
41.4
EBITDA
122
208
294
EPS, basic
1.53
EPS, diluted
1.24
Shares, basic (weighted)
27
Shares, diluted (weighted)
90.7
Dividend per share
0.08
Balance sheet
FY2023
FY2025
FY2025
Cash and equivalents
0
4.62
4.52
Receivables
120
100
Inventory
151
150
Other current assets
9.98
5.62
Total current assets
286
260
Property, plant and equipment
703
798
Lease right-of-use assets
19.5
17.6
Goodwill
2.22
250
250
Intangible assets
303
273
Total assets
1,589
1,646
Accounts payable
31.3
22.8
Accrued liabilities
33.8
26.9
Deferred revenue
1.52
8
0.48
Short-term debt
0
0
Total current liabilities
87.8
78
Long-term debt
636
168
Lease liabilities
12.7
9.78
Total liabilities
750
288
Total debt
636
168
Paid-in capital
0
40.7
Retained earnings
0
188
Shareholders' equity
0
229
Total equity
0
229
Total liabilities and equity
1,589
1,646
Cash flow statement
FY2023
FY2025
FY2025
Net income
58.1
80.2
132
Depreciation and amortization
43.8
90.9
145
Stock-based compensation
0.09
0.99
11
Deferred income tax
0
0
-5.94
Change in receivables
-16.9
-15.5
18.9
Change in inventory
-6.63
21.9
-0.08
Change in payables
0
0.74
-8.49
Cash from operations
81.9
179
294
Capital expenditures
-43.5
-90.5
-127
Cash from investing
-42.7
-94.4
-200
Debt issued
188
460
647
Debt repaid
-174
-296
-1,115
Share buybacks
0
0
-15
Dividends paid
0
0
-6.72
Cash from financing
-39.2
-80.3
-94.7
Net change in cash
0
4.62
-0.09
Free cash flow
38.3
88.9
167
Interest paid
18.9
28.8
15.8
Income taxes paid
0
0
5.1
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to September 30, 2026; growth uses fiscal years. Valuation uses the share price of $20.61 on November 10, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
53.9%
Gross profit / revenue.
Operating margin
18.6%
Operating income / revenue.
EBITDA margin
38.4%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
16.4%
Pre-tax income / revenue.
Net margin
6.4%
Net income / revenue.
FCF margin
26.4%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
40.4%
Cash from operations / revenue.
Effective tax rate
3.8%
Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)
10.5%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
2.8%
Net income / average total assets.
Return on invested capital (ROIC)
20.9%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue
15.4%
Selling, general and administrative expense / revenue.
Stock-based pay / revenue
1.3%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
14.0%
Capital expenditures / revenue.
D&A / revenue
19.8%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
41.9%
Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y
52.5%
Gross profit vs the same period a year earlier. Only from a positive base.
Operating income growth, 1y
27.6%
Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y
41.5%
EBITDA vs the same period a year earlier. Only from a positive base.
Net income growth, 1y
-48.4%
Net income vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y
64.1%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y
88.0%
Free cash flow vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
3.6%
Total assets vs the same period a year earlier. Only from a positive base.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
3.19x
Current assets / current liabilities.
Quick ratio
1.80x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.87x
(Cash + short-term investments) / current liabilities.
Debt / equity
0.67x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
17.6%
Total debt / total assets.
Liabilities / assets
33.1%
Total liabilities / total assets.
Net debt
$225.6M
Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA
0.65x
Net debt / EBITDA (twelve months), when EBITDA is positive.
Days inventory + days sales outstanding - days payables.
FCF conversion
414.6%
Free cash flow / net income, when net income is positive.
Capex / operating cash flow
34.8%
Capital expenditures / cash from operations, when that is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
$0.63
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$9.86
Revenue / diluted weighted shares.
FCF per share
$2.60
Free cash flow / diluted weighted shares.
Operating cash flow per share
$3.98
Cash from operations / diluted weighted shares.
Book value per share
$5.97
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Dividends paid / net income, when net income is positive.
Dividends / FCF
7.8%
Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF
6.9%
Share buybacks / free cash flow, when free cash flow is positive.
Valuation
Metric
Value
How it is calculated
Market cap
$1.86B
Share price x shares outstanding.
Enterprise value
$2.09B
Market cap + total debt - cash - short-term investments.
P/E
32.5x
Market cap / net income. Only when net income is positive.
P/S
2.07x
Market cap / revenue.
P/B
3.41x
Market cap / shareholders' equity. Only when equity is positive.
P/FCF
7.84x
Market cap / free cash flow. Only when free cash flow is positive.
P/OCF
5.11x
Market cap / cash from operations, when positive.
EV/Sales
2.32x
Enterprise value / revenue.
EV/EBIT
12.5x
Enterprise value / operating income, when both are positive.
EV/EBITDA
6.04x
Enterprise value / EBITDA, when both are positive.
EV/FCF
8.79x
Enterprise value / free cash flow, when both are positive.
FCF yield
12.8%
Free cash flow / market cap.
Earnings yield
3.1%
Net income / market cap (the inverse of P/E).
Dividend yield
1.0%
Dividends paid over the period / market cap.
Shareholder yield
1.9%
(Dividends paid + share buybacks) / market cap.
What was Flowco Holdings Inc.'s revenue in fiscal 2025?
Flowco Holdings Inc. reported revenue of $759.7M for fiscal 2025, 41.9% higher than the year before.
Was Flowco Holdings Inc. profitable in fiscal 2025?
Yes. Net income was $41.4M, a net margin of 5.4%.
How much free cash flow did Flowco Holdings Inc. generate in fiscal 2025?
Cash from operations of $294.4M minus capital expenditures of $127.3M left free cash flow of $167.1M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.