Flowco (FLOC) financial statements
Flowco reported revenue of $342M in fiscal 2025, up 114.2% a year over 2 years.
Net income was $41M and the operating margin 43.6%, against 105.1% in 2023.
Free cash flow was $167M, and the company returned $15M in net buybacks.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Flowco's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | $75M | $259M | $342M |
| Cost of revenue | $105M | $264M | $347M |
| Selling, general and admin | $15M | $62M | $119M |
| Operating income | $78M | $117M | $149M |
| Interest expense | $19M | $32M | $19M |
| Pre-tax income | $58M | $81M | $131M |
| Income tax | $379,000 | $1M | -$842,000 |
| Net income | $58M | $80M | $41M |
| EPS (diluted) | — | — | $1.24 |
| Diluted shares | — | — | 91M |
| Operating margin | 105.1% | 45.1% | 43.6% |
| Net margin | 77.9% | 31.0% | 12.1% |
Balance sheet
Fiscal years, from Flowco's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Cash and short-term investments | $0 | $5M | $5M |
| Receivables | — | $120M | $100M |
| Inventory | — | $151M | $150M |
| Total current assets | — | $286M | $260M |
| Property, plant and equipment | — | $703M | $798M |
| Goodwill | $2M | $250M | $250M |
| Total assets | — | $1.6B | $1.6B |
| Total current liabilities | — | $88M | $78M |
| Long-term debt | — | $636M | $168M |
| Total liabilities | — | $750M | $288M |
| Shareholders' equity | — | $0 | $229M |
| Net debt | $0 | $631M | $163M |
Cash flow
Fiscal years, from Flowco's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating cash flow | $82M | $179M | $294M |
| Capital spending | $44M | $90M | $127M |
| Free cash flow | $38M | $89M | $167M |
| Stock-based compensation | $85,000 | $992,000 | $11M |
| Share buybacks (net) | $0 | $0 | -$15M |
| Net borrowing | $15M | $164M | -$468M |
| Free cash flow margin | 51.5% | 34.4% | 48.9% |
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Open FLOC in InvestinglyQuestions
What was Flowco's revenue in 2025?
$342M in fiscal 2025, from its 10-K filing.
How much free cash flow does Flowco generate?
$167M in fiscal 2025 (operating cash flow minus capital spending).
From Flowco's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.