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Side-by-side financial comparison of Flowco Holdings Inc. (FLOC) and Primis Financial Corp. (FRST). Click either name above to swap in a different company.

Flowco Holdings Inc. is the larger business by last-quarter revenue ($85.6M vs $45.6M, roughly 1.9× Primis Financial Corp.). Flowco Holdings Inc. runs the higher net margin — 20.1% vs 16.0%, a 4.1% gap on every dollar of revenue.

Flowco Holdings Inc. designs, manufactures and distributes specialized flow control products including industrial valves, actuation systems and custom flow management components. It serves core segments of oil and gas production, industrial manufacturing, water treatment and public infrastructure, with primary markets across North America and select European regions.

Primis Financial Corp is a U.S.-based financial holding company operating full-service banking subsidiaries. It provides a comprehensive range of financial solutions including personal and commercial deposit products, diverse loan facilities, mortgage services, and wealth management support, primarily serving retail and corporate customers across the U.S. mid-Atlantic region.

FLOC vs FRST — Head-to-Head

Bigger by revenue
FLOC
FLOC
1.9× larger
FLOC
$85.6M
$45.6M
FRST
Higher net margin
FLOC
FLOC
4.1% more per $
FLOC
20.1%
16.0%
FRST

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FLOC
FLOC
FRST
FRST
Revenue
$85.6M
$45.6M
Net Profit
$17.2M
$7.3M
Gross Margin
-4.8%
Operating Margin
49.0%
Net Margin
20.1%
16.0%
Revenue YoY
Net Profit YoY
200.0%
EPS (diluted)
$0.47
$0.30

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FLOC
FLOC
FRST
FRST
Q1 26
$45.6M
Q4 25
$85.6M
$80.9M
Q3 25
$70.0M
$41.0M
Q2 25
$91.1M
$43.2M
Q1 25
$95.1M
$58.7M
Q4 24
$38.8M
Q3 24
$37.3M
Q2 24
$35.7M
Net Profit
FLOC
FLOC
FRST
FRST
Q1 26
$7.3M
Q4 25
$17.2M
$29.5M
Q3 25
$12.5M
$6.8M
Q2 25
$5.5M
$2.4M
Q1 25
$6.2M
$22.6M
Q4 24
$-26.2M
Q3 24
$1.2M
Q2 24
$3.4M
Gross Margin
FLOC
FLOC
FRST
FRST
Q1 26
Q4 25
-4.8%
Q3 25
-6.0%
Q2 25
1.0%
Q1 25
2.8%
Q4 24
Q3 24
Q2 24
Operating Margin
FLOC
FLOC
FRST
FRST
Q1 26
Q4 25
49.0%
44.8%
Q3 25
49.4%
21.3%
Q2 25
40.7%
6.9%
Q1 25
37.2%
41.9%
Q4 24
-123.0%
Q3 24
-3.1%
Q2 24
7.8%
Net Margin
FLOC
FLOC
FRST
FRST
Q1 26
16.0%
Q4 25
20.1%
36.5%
Q3 25
17.9%
16.7%
Q2 25
6.0%
5.6%
Q1 25
6.5%
38.6%
Q4 24
-100.3%
Q3 24
3.3%
Q2 24
9.6%
EPS (diluted)
FLOC
FLOC
FRST
FRST
Q1 26
$0.30
Q4 25
$0.47
$1.19
Q3 25
$0.32
$0.28
Q2 25
$0.21
$0.10
Q1 25
$0.24
$0.92
Q4 24
$-0.95
Q3 24
$0.05
Q2 24
$0.14

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FLOC
FLOC
FRST
FRST
Cash + ST InvestmentsLiquidity on hand
$4.5M
$159.9M
Total DebtLower is stronger
$167.8M
Stockholders' EquityBook value
$228.6M
$427.2M
Total Assets
$1.6B
$4.3B
Debt / EquityLower = less leverage
0.73×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLOC
FLOC
FRST
FRST
Q1 26
$159.9M
Q4 25
$4.5M
$143.6M
Q3 25
$7.2M
$63.9M
Q2 25
$9.3M
$94.1M
Q1 25
$687.0K
$57.0M
Q4 24
$64.5M
Q3 24
$77.3M
Q2 24
$66.6M
Total Debt
FLOC
FLOC
FRST
FRST
Q1 26
Q4 25
$167.8M
Q3 25
$222.6M
Q2 25
$167.1M
Q1 25
$181.0M
Q4 24
Q3 24
Q2 24
Stockholders' Equity
FLOC
FLOC
FRST
FRST
Q1 26
$427.2M
Q4 25
$228.6M
$422.9M
Q3 25
$371.0M
$382.2M
Q2 25
$150.3M
$376.4M
Q1 25
$-370.1M
$375.6M
Q4 24
$351.8M
Q3 24
$381.0M
Q2 24
$376.0M
Total Assets
FLOC
FLOC
FRST
FRST
Q1 26
$4.3B
Q4 25
$1.6B
$4.0B
Q3 25
$1.7B
$4.0B
Q2 25
$1.6B
$3.9B
Q1 25
$1.6B
$3.7B
Q4 24
$3.7B
Q3 24
$4.0B
Q2 24
$4.0B
Debt / Equity
FLOC
FLOC
FRST
FRST
Q1 26
Q4 25
0.73×
Q3 25
0.60×
Q2 25
1.11×
Q1 25
Q4 24
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FLOC
FLOC
FRST
FRST
Operating Cash FlowLast quarter
$87.2M
Free Cash FlowOCF − Capex
$63.2M
FCF MarginFCF / Revenue
73.8%
Capex IntensityCapex / Revenue
28.0%
Cash ConversionOCF / Net Profit
5.06×
TTM Free Cash FlowTrailing 4 quarters
$167.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLOC
FLOC
FRST
FRST
Q1 26
Q4 25
$87.2M
$10.8M
Q3 25
$82.5M
$-11.4M
Q2 25
$82.2M
$-41.0M
Q1 25
$42.5M
$34.4M
Q4 24
$19.5M
Q3 24
$6.1M
Q2 24
$52.3M
Free Cash Flow
FLOC
FLOC
FRST
FRST
Q1 26
Q4 25
$63.2M
$9.0M
Q3 25
$42.8M
Q2 25
$46.4M
Q1 25
$14.7M
Q4 24
$18.3M
Q3 24
Q2 24
FCF Margin
FLOC
FLOC
FRST
FRST
Q1 26
Q4 25
73.8%
11.2%
Q3 25
61.2%
Q2 25
50.9%
Q1 25
15.5%
Q4 24
47.3%
Q3 24
Q2 24
Capex Intensity
FLOC
FLOC
FRST
FRST
Q1 26
Q4 25
28.0%
2.1%
Q3 25
56.7%
Q2 25
39.3%
Q1 25
29.3%
Q4 24
3.1%
Q3 24
0.0%
Q2 24
0.0%
Cash Conversion
FLOC
FLOC
FRST
FRST
Q1 26
Q4 25
5.06×
0.36×
Q3 25
6.59×
-1.67×
Q2 25
15.02×
-16.82×
Q1 25
6.89×
1.52×
Q4 24
Q3 24
4.93×
Q2 24
15.21×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FLOC
FLOC

Transferred Over Time$65.1M76%
Natural Gas Production$21.0M25%

FRST
FRST

Net Interest Income$32.1M70%
Noninterest Income$13.6M30%

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