Flowco Holdings Inc. (FLOC) intrinsic value & 10-year financials

Flowco Holdings Inc. (FLOC) has a Graham intrinsic value of $41.19 per share. At $18.81 on Oct 17, 2026, the stock trades 54% below that value. Over the last 4 fiscal years revenue grew 114.2% a year to $341.8M, with an average return on invested capital of 22.7%.

Graham intrinsic value
$41.19
Share price (Oct 17, 2026)
$18.81
Price vs Graham value
54% below
Market cap
$1.7B
Revenue (FY2025)
$341.8M
Revenue growth (4-yr CAGR)
114.2%
ROIC (10-yr avg)
22.7%
Free cash flow (FY2025)
$167.1M

FLOC 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $341.8M $41.4M $1.24 $167.1M 43.6% 27.9%
FY2024 $258.6M $80.2M — $88.9M 45.1% 17.5%
FY2023 $74.5M $58.1M — $38.3M 105.1% —
FY2022 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Flowco Holdings Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Flowco Holdings Inc. has earned high returns on invested capital, averaging 22.7% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.

Flowco Holdings Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Flowco Holdings Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $41.19 per share.

FLOC stock: frequently asked questions

What is the intrinsic value of Flowco Holdings Inc. (FLOC) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 15.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, FLOC's intrinsic value is about $41.19 per share.

Is FLOC stock undervalued?

At $18.81 (close on Oct 17, 2026), FLOC trades 54% below its Graham value of $41.19. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

Does Flowco Holdings Inc. generate free cash flow?

Flowco Holdings Inc. generated $167.1M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 3 of the last 3 reported years.

What is FLOC's return on invested capital?

Average ROIC over the last 4 fiscal years was 22.7%, and average return on equity was 36.2%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this FLOC data come from?

From Flowco Holdings Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Jul 2, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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