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Side-by-side financial comparison of Flowco Holdings Inc. (FLOC) and i3 Verticals, Inc. (IIIV). Click either name above to swap in a different company.

Flowco Holdings Inc. is the larger business by last-quarter revenue ($85.6M vs $52.7M, roughly 1.6× i3 Verticals, Inc.). Flowco Holdings Inc. runs the higher net margin — 20.1% vs 0.9%, a 19.2% gap on every dollar of revenue. Flowco Holdings Inc. produced more free cash flow last quarter ($63.2M vs $13.8M).

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.

The Prusa i3 is a family of fused filament fabrication 3D printers, manufactured by Czech company Prusa Research under the trademarked name Original Prusa i3. Part of the RepRap project, Prusa i3 printers were called the most used 3D printer in the world in 2016. The first Prusa i3 was designed by Josef Průša in 2012, and was released as a commercial kit product in 2015. The latest model is available in both kit and factory assembled versions. The Prusa i3's comparable low cost and ease of co...

FLOC vs IIIV — Head-to-Head

Bigger by revenue
FLOC
FLOC
1.6× larger
FLOC
$85.6M
$52.7M
IIIV
Higher net margin
FLOC
FLOC
19.2% more per $
FLOC
20.1%
0.9%
IIIV
More free cash flow
FLOC
FLOC
$49.4M more FCF
FLOC
$63.2M
$13.8M
IIIV

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FLOC
FLOC
IIIV
IIIV
Revenue
$85.6M
$52.7M
Net Profit
$17.2M
$484.0K
Gross Margin
-4.8%
Operating Margin
49.0%
3.1%
Net Margin
20.1%
0.9%
Revenue YoY
-14.6%
Net Profit YoY
-76.5%
EPS (diluted)
$0.47
$0.02

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
IIIV
IIIV
Q4 25
$85.6M
$52.7M
Q3 25
$70.0M
$46.0M
Q2 25
$91.1M
$51.9M
Q1 25
$95.1M
$63.1M
Q4 24
$52.2M
Q3 24
$32.0M
Q2 24
$46.2M
Q1 24
$58.0M
Net Profit
FLOC
FLOC
IIIV
IIIV
Q4 25
$17.2M
$484.0K
Q3 25
$12.5M
$3.1M
Q2 25
$5.5M
$12.9M
Q1 25
$6.2M
$-154.0K
Q4 24
$2.1M
Q3 24
$117.9M
Q2 24
$-7.5M
Q1 24
$1.9M
Gross Margin
FLOC
FLOC
IIIV
IIIV
Q4 25
-4.8%
Q3 25
-6.0%
Q2 25
1.0%
Q1 25
2.8%
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
FLOC
FLOC
IIIV
IIIV
Q4 25
49.0%
3.1%
Q3 25
49.4%
3.2%
Q2 25
40.7%
-9.3%
Q1 25
37.2%
8.0%
Q4 24
3.9%
Q3 24
10.6%
Q2 24
-2.8%
Q1 24
3.4%
Net Margin
FLOC
FLOC
IIIV
IIIV
Q4 25
20.1%
0.9%
Q3 25
17.9%
6.7%
Q2 25
6.0%
24.8%
Q1 25
6.5%
-0.2%
Q4 24
3.9%
Q3 24
368.2%
Q2 24
-16.3%
Q1 24
3.2%
EPS (diluted)
FLOC
FLOC
IIIV
IIIV
Q4 25
$0.47
$0.02
Q3 25
$0.32
$0.14
Q2 25
$0.21
$0.50
Q1 25
$0.24
$0.00
Q4 24
$0.08
Q3 24
$4.93
Q2 24
$-0.32
Q1 24
$0.08

Balance Sheet & Financial Strength

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

Metric
FLOC
FLOC
IIIV
IIIV
Cash + ST InvestmentsLiquidity on hand
$4.5M
$37.5M
Total DebtLower is stronger
$167.8M
Stockholders' EquityBook value
$228.6M
$358.5M
Total Assets
$1.6B
$595.9M
Debt / EquityLower = less leverage
0.73×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLOC
FLOC
IIIV
IIIV
Q4 25
$4.5M
$37.5M
Q3 25
$7.2M
$66.7M
Q2 25
$9.3M
$55.5M
Q1 25
$687.0K
$7.7M
Q4 24
$85.6M
Q3 24
$86.5M
Q2 24
$9.7M
Q1 24
$3.1M
Total Debt
FLOC
FLOC
IIIV
IIIV
Q4 25
$167.8M
Q3 25
$222.6M
$0
Q2 25
$167.1M
$0
Q1 25
$181.0M
$12.0M
Q4 24
$26.2M
Q3 24
$26.2M
Q2 24
$374.1M
Q1 24
$369.6M
Stockholders' Equity
FLOC
FLOC
IIIV
IIIV
Q4 25
$228.6M
$358.5M
Q3 25
$371.0M
$389.6M
Q2 25
$150.3M
$383.3M
Q1 25
$-370.1M
$385.2M
Q4 24
$375.0M
Q3 24
$379.7M
Q2 24
$249.7M
Q1 24
$249.3M
Total Assets
FLOC
FLOC
IIIV
IIIV
Q4 25
$1.6B
$595.9M
Q3 25
$1.7B
$638.4M
Q2 25
$1.6B
$623.3M
Q1 25
$1.6B
$646.4M
Q4 24
$726.2M
Q3 24
$730.7M
Q2 24
$861.7M
Q1 24
$625.8M
Debt / Equity
FLOC
FLOC
IIIV
IIIV
Q4 25
0.73×
Q3 25
0.60×
0.00×
Q2 25
1.11×
0.00×
Q1 25
0.03×
Q4 24
0.07×
Q3 24
0.07×
Q2 24
1.50×
Q1 24
1.48×

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
IIIV
IIIV
Operating Cash FlowLast quarter
$87.2M
$14.1M
Free Cash FlowOCF − Capex
$63.2M
$13.8M
FCF MarginFCF / Revenue
73.8%
26.2%
Capex IntensityCapex / Revenue
28.0%
0.6%
Cash ConversionOCF / Net Profit
5.06×
29.18×
TTM Free Cash FlowTrailing 4 quarters
$167.1M
$6.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLOC
FLOC
IIIV
IIIV
Q4 25
$87.2M
$14.1M
Q3 25
$82.5M
$14.0M
Q2 25
$82.2M
$7.4M
Q1 25
$42.5M
$-27.1M
Q4 24
$11.5M
Q3 24
$15.1M
Q2 24
$8.1M
Q1 24
$10.7M
Free Cash Flow
FLOC
FLOC
IIIV
IIIV
Q4 25
$63.2M
$13.8M
Q3 25
$42.8M
$13.5M
Q2 25
$46.4M
$6.8M
Q1 25
$14.7M
$-27.6M
Q4 24
$11.0M
Q3 24
$14.6M
Q2 24
$7.2M
Q1 24
$9.9M
FCF Margin
FLOC
FLOC
IIIV
IIIV
Q4 25
73.8%
26.2%
Q3 25
61.2%
29.5%
Q2 25
50.9%
13.1%
Q1 25
15.5%
-43.8%
Q4 24
21.1%
Q3 24
45.6%
Q2 24
15.6%
Q1 24
17.1%
Capex Intensity
FLOC
FLOC
IIIV
IIIV
Q4 25
28.0%
0.6%
Q3 25
56.7%
0.9%
Q2 25
39.3%
1.0%
Q1 25
29.3%
0.8%
Q4 24
0.9%
Q3 24
1.7%
Q2 24
1.9%
Q1 24
1.4%
Cash Conversion
FLOC
FLOC
IIIV
IIIV
Q4 25
5.06×
29.18×
Q3 25
6.59×
4.52×
Q2 25
15.02×
0.57×
Q1 25
6.89×
Q4 24
5.59×
Q3 24
0.13×
Q2 24
Q1 24
5.72×

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%

IIIV
IIIV

License And Service$35.7M68%
Proprietary Payments Revenue$14.5M27%
Other Revenue$2.5M5%

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