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Makes production-optimization equipment (gas lift, plunger lift) and methane-emissions-control technology for oil & gas wells.
Makes production-optimization equipment (gas lift, plunger lift) and methane-emissions-control technology for oil & gas wells.
Rents lift and gas-handling equipment to well operators and services it, so it earns recurring monthly charges rather than one-time sales, and adds equipment sales. As wells age and lose natural pressure they need more artificial lift, which keeps older wells a source of work.
Moat: narrow (installed base, customer qualification). Large installed base of production equipment across wells creates recurring service/replacement revenue.
Headquarters: Houston, Texas, United States · Founded: 2019 · Employees: 1,281
Size Flowco (FLOC) is a United States Energy company (Oilfield Services/Equipment) with a market value of $1.81B, the 1866th largest of 3,117 United States companies the cockpit tracks. Shares closed at $20.06 on 6 Nov 2026.
Performance Over six months the shares fell 19.2%, against -14.9% for the median peer and -1.1% for the United States market (cap-weighted) — 8th lowest of 20 in its peer set.
Growth Revenue grew 20.4% over the last twelve months (peer median +7.6%); the operating margin is 18.7% (peer median 8.2%).
Valuation It trades at 13.1× forward earnings against a peer median of 16.8× (5th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about 8% a year for seven years (Req g). Recent delivered growth is +72%, so the hurdle is -64 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.2 points below its cost of capital (8.7% WACC).
Short interest Short interest is 8.5% of the free float (15 Oct 2026).
Next results Next results expected around 23 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $901M | $760M | $535M | $243M | $149M |
| Revenue growth | — | +42% | +120% | +64% | — |
| Gross profit | $296M | $259M | $176M | $94.2M | $56.7M |
| EBITDA | $358M | $304M | $213M | $124M | $79.2M |
| Net income | $57.3M | $41.4M | $80.2M | $58.1M | $32.7M |
| Free cash flow | $237M | $167M | $88.9M | $38.3M | -$40.4M |
| Capital expenditure | $127M | $128M | $90.7M | $43.5M | $107M |
| Total debt | $415M | $209M | $677M | $243M | $223M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Flowco FLOC | $1.81B | -19% | +20% | 19% | 13.1× | 8.0% |
| Schlumberger SLB | $73.7B | -6% | +5% | 14% | 17.2× | 7.3% |
| NOV NOV | $6.26B | -9% | -1% | 6% | 14.8× | 6.8% |
| Weatherford International WFRD | $6.12B | -17% | -6% | 14% | 13.4× | -4.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | FLOC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +4.8% | -17.0% | 2nd highest of 21 |
| 6-month return | -19.2% | -14.9% | 8th lowest of 20 |
| Distance from 52-week high | -29.0% | -34.3% | 6th highest of 21 |
| Revenue growth (TTM) | +20.4% | +7.6% | 7th highest of 21 |
| Operating margin | 18.7% | 8.2% | 5th highest of 21 |
| Forward P/E | 13.1× | 16.8× | 5th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | 8.0% | 3.6% | 6th most demanding of 15 |
| Growth delivered (Del g) | +72.3% | +9.7% | highest of 15 |
| Hurdle (Req g minus delivered) | -64.3 pp | -7.7 pp | least demanding of 15 |
| ROIC minus cost of capital | -1.2 pp | -3.6 pp | 9th highest of 21 |
| EV / EBITDA | 8.2× | 6.9× | 8th most expensive of 18 |
| Net debt / EBITDA | 0.8× | 1.1× | 8th least indebted of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Flowco FLOC | United States | $1.81B | -19% | +20% | 19% | 13.1× | 8.0% | +72.3% |
| Innovex International INVX | United States | $1.76B | -6% | +7% | 12% | 14.7× | 5.7% | +21.8% |
| Liberty Energy LBRT | United States | $1.95B | -64% | +14% | 2% | n/a | n/a | n/a |
| National Energy Services Reunited NESR | United States | $2.01B | -14% | +24% | 9% | 9.9× | 1.2% | +9.7% |
| Expro XPRO | United States | $1.47B | -14% | -5% | 4% | 18.0× | 13.9% | +18.9% |
| BW Energy BWE.OL | Norway | $1.30B | -15% | -25% | 26% | 13.1× | n/a | n/a |
| Hornbeck Offshore Services HOS | United States | $1.18B | n/a | +2% | 8% | 8.6× | -1.1% | +12.0% |
| RPC RES | United States | $1.18B | -22% | +18% | 3% | 17.9× | 12.2% | +22.1% |
| Jiangsu Hongtian Technology 603800.SS | China | $1.11B | -32% | -27% | -15% | 62.3× | 32.4% | +5.1% |
| Waterbridge Infrastructure LLC WBI | United States | $3.06B | -9% | +103% | 17% | 40.2× | n/a | n/a |
| USA Compression Partners LP USAC | United States | $3.62B | -11% | +29% | 29% | 15.6× | -0.4% | +8.4% |
| Flotek Industries FTK | United States | $886M | +45% | +59% | 13% | 21.9× | n/a | n/a |
| Total Energy Services TOT.TO | Canada | $851M | +41% | +22% | 9% | 9.7× | 3.7% | +23.8% |
| Bomesc Offshore Engineering 603727.SS | China | $823M | +6% | -12% | -7% | 249.4× | -9.1% | -6.1% |
| Forum Energy Technologies FET | United States | $800M | +30% | +11% | 7% | 12.9× | 3.5% | +9.1% |
| ProPetro PUMP | United States | $785M | -59% | -6% | 0% | 35.1× | n/a | n/a |
| Kodiak Gas Services KGS | United States | $4.21B | -40% | +8% | 33% | 17.0× | 9.3% | +19.7% |
| Viridien VIRI.PA | France | $763M | -16% | -14% | 11% | 22.9× | -2.9% | +4.1% |
| Hunting HTG.L | United Kingdom | $714M | -25% | -12% | 7% | 14.3× | 17.8% | +9.6% |
| Toyo Engineering 6330.T | Japan | $711M | -16% | -31% | -10% | 14.2× | -2.1% | -0.1% |
| Solaris Energy Infrastructure SEI | United States | $4.63B | -21% | +71% | 24% | 16.8× | n/a | n/a |