FLOCFlowco Holdings Inc.
Oil & Gas Field Machinery & Equipment
- Revenue
- $342M
- 32% YoY
- Operating margin
- 43.6%
- 3.4% YoY
- EBITDA
- $294M
- 42% YoY
- Market cap
- $768M
- Employees
- 1,281
- $267K revenue each
- Net debt / EBITDA
- 1.0×
- $279M net debt
- AI in 10-K
- 0.8
- mentions per 10K words
Takeover score 3 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo711% of net incomeCash flow under 80% of net income
- Dilutive SBCNo3% of revenueOver 10% of revenue
- Payouts exceed cash flowNo5% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo16% of assetsOver 40% of assets
- Shareholder dissentNo98% lowest supportAny vote under 80% support
Buyer economics 2 of 4
- Low revenue per employeeYes$267K · 12th pctBottom quartile of its SIC industry
- Quiet on AINo0.8 per 10K words · 29th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo1.0× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedYes$768M market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$197M netNet sales over $10M in 12 months
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|
| Revenue | $28M | $75M | $259M | $342M | 32% |
| Operating income | $43M | $78M | $117M | $149M | 28% |
| Net income | — | — | — | $41M | |
| Operating cash flow | $67M | $82M | $179M | $294M | 64% |
| Capex | $107M | $44M | $90M | $127M | 41% |
| Stock-based comp | $493K | $85K | $992K | $11M | 1011% |
| Buybacks | — | $0 | $0 | $15M |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $197M · 21
- Net
- −$197M
Pay vs performance
No pay-versus-performance disclosure yet.