How did FLOC's revenue and expenses trend in Q4 2024?
5/9/2025 09:35am
Flowco Holdings (FLOC) exhibited robust growth in its revenue streams and effective cost management during Q4 2024, as evidenced by the following key points:
1. **Revenue by Business Segments**: FLOC's revenue was distributed across three business segments: Rentals, Sales, and Others. The Rentals segment contributed significantly, with $276.69 million in revenue, followed by the Sales segment with $258.59 million. The Other segment reported $184.98 million in revenue, and the final segment, also classified as Other, generated $164.3 million.
|code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code|
|---|---|---|---|---|---|---|
|FLOC|FLOC.N|Flowco Holdings|20240101-2024|Sales|2.58591E8|169|
|FLOC|FLOC.N|Flowco Holdings|20240101-2024|Sales|1.64303E8|169|
|code|Ticker|Name|Date|Gross Profit Margin|Gross Profit Margin YoY|market_code|
|---|---|---|---|---|---|---|
|FLOC|FLOC.N|Flowco Holdings|2024 Q3|50.4619|-15.36944391801577|169|
|FLOC|FLOC.N|Flowco Holdings|2024 Q4|50.6006|-11.131444869658067|169|
2. **Net Income and Gross Margin**: The company's net income stood at $22.34 million, reflecting a strong profitability period. The gross margin for all segments was 50.6%, indicating efficient cost management and a healthy profit margin. This consistent gross margin across segments highlights FLOC's effective operational efficiency and its ability to maintain profitability levels despite the diversity of its business activities.
3. **Operating Expenses**: The data does not provide a detailed breakdown of operating expenses, but it is clear that FLOC managed its costs effectively to maintain such a high gross margin. This suggests that any expenses incurred were well-contained, contributing to the company's overall financial health.
In conclusion, FLOC demonstrated robust revenue growth, effective cost management, and strong profitability in Q4 2024, as reflected by its revenue distribution, net income, and gross margin.