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Side-by-side financial comparison of Flowco Holdings Inc. (FLOC) and TELOS CORP (TLS). Click either name above to swap in a different company.
Flowco Holdings Inc. is the larger business by last-quarter revenue ($85.6M vs $46.8M, roughly 1.8× TELOS CORP). Flowco Holdings Inc. runs the higher net margin — 20.1% vs -34.9%, a 55.0% gap on every dollar of revenue. Flowco Holdings Inc. produced more free cash flow last quarter ($63.2M vs $8.0M).
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.
Telos Corporation is an information technology and cybersecurity company located in Ashburn, Virginia. Telos primarily serves government and enterprise clients, receiving a large number of its contracts from the United States Department of Defense. Customers are primarily military, intelligence and civilian agencies of the US government and NATO allies.
FLOC vs TLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $85.6M | $46.8M |
| Net Profit | $17.2M | $-16.3M |
| Gross Margin | -4.8% | 35.0% |
| Operating Margin | 49.0% | -39.6% |
| Net Margin | 20.1% | -34.9% |
| Revenue YoY | — | 77.4% |
| Net Profit YoY | — | -74.8% |
| EPS (diluted) | $0.47 | $-0.22 |
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.
| Q4 25 | $85.6M | $46.8M | ||
| Q3 25 | $70.0M | $51.4M | ||
| Q2 25 | $91.1M | $36.0M | ||
| Q1 25 | $95.1M | $30.6M | ||
| Q4 24 | — | $26.4M | ||
| Q3 24 | — | $23.8M | ||
| Q2 24 | — | $28.5M | ||
| Q1 24 | — | $29.6M |
| Q4 25 | $17.2M | $-16.3M | ||
| Q3 25 | $12.5M | $-2.1M | ||
| Q2 25 | $5.5M | $-9.5M | ||
| Q1 25 | $6.2M | $-8.6M | ||
| Q4 24 | — | $-9.3M | ||
| Q3 24 | — | $-28.1M | ||
| Q2 24 | — | $-7.8M | ||
| Q1 24 | — | $-7.4M |
| Q4 25 | -4.8% | 35.0% | ||
| Q3 25 | -6.0% | 39.9% | ||
| Q2 25 | 1.0% | 33.2% | ||
| Q1 25 | 2.8% | 39.8% | ||
| Q4 24 | — | 40.3% | ||
| Q3 24 | — | 13.2% | ||
| Q2 24 | — | 34.1% | ||
| Q1 24 | — | 37.0% |
| Q4 25 | 49.0% | -39.6% | ||
| Q3 25 | 49.4% | -4.8% | ||
| Q2 25 | 40.7% | -27.5% | ||
| Q1 25 | 37.2% | -29.5% | ||
| Q4 24 | — | -37.6% | ||
| Q3 24 | — | -121.4% | ||
| Q2 24 | — | -30.3% | ||
| Q1 24 | — | -28.5% |
| Q4 25 | 20.1% | -34.9% | ||
| Q3 25 | 17.9% | -4.1% | ||
| Q2 25 | 6.0% | -26.5% | ||
| Q1 25 | 6.5% | -28.1% | ||
| Q4 24 | — | -35.4% | ||
| Q3 24 | — | -118.0% | ||
| Q2 24 | — | -27.2% | ||
| Q1 24 | — | -24.9% |
| Q4 25 | $0.47 | $-0.22 | ||
| Q3 25 | $0.32 | $-0.03 | ||
| Q2 25 | $0.21 | $-0.13 | ||
| Q1 25 | $0.24 | $-0.12 | ||
| Q4 24 | — | $-0.13 | ||
| Q3 24 | — | $-0.39 | ||
| Q2 24 | — | $-0.11 | ||
| Q1 24 | — | $-0.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.5M | $53.2M |
| Total DebtLower is stronger | $167.8M | — |
| Stockholders' EquityBook value | $228.6M | $96.0M |
| Total Assets | $1.6B | $139.9M |
| Debt / EquityLower = less leverage | 0.73× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.5M | $53.2M | ||
| Q3 25 | $7.2M | $59.0M | ||
| Q2 25 | $9.3M | $57.0M | ||
| Q1 25 | $687.0K | $57.8M | ||
| Q4 24 | — | $54.6M | ||
| Q3 24 | — | $69.8M | ||
| Q2 24 | — | $80.1M | ||
| Q1 24 | — | $93.9M |
| Q4 25 | $167.8M | — | ||
| Q3 25 | $222.6M | — | ||
| Q2 25 | $167.1M | — | ||
| Q1 25 | $181.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $228.6M | $96.0M | ||
| Q3 25 | $371.0M | $119.7M | ||
| Q2 25 | $150.3M | $118.4M | ||
| Q1 25 | $-370.1M | $126.1M | ||
| Q4 24 | — | $127.1M | ||
| Q3 24 | — | $129.5M | ||
| Q2 24 | — | $149.1M | ||
| Q1 24 | — | $154.4M |
| Q4 25 | $1.6B | $139.9M | ||
| Q3 25 | $1.7B | $164.3M | ||
| Q2 25 | $1.6B | $165.0M | ||
| Q1 25 | $1.6B | $158.1M | ||
| Q4 24 | — | $158.2M | ||
| Q3 24 | — | $166.3M | ||
| Q2 24 | — | $182.4M | ||
| Q1 24 | — | $195.4M |
| Q4 25 | 0.73× | — | ||
| Q3 25 | 0.60× | — | ||
| Q2 25 | 1.11× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $87.2M | $8.0M |
| Free Cash FlowOCF − Capex | $63.2M | $8.0M |
| FCF MarginFCF / Revenue | 73.8% | 17.0% |
| Capex IntensityCapex / Revenue | 28.0% | 0.1% |
| Cash ConversionOCF / Net Profit | 5.06× | — |
| TTM Free Cash FlowTrailing 4 quarters | $167.1M | $29.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $87.2M | $8.0M | ||
| Q3 25 | $82.5M | $9.1M | ||
| Q2 25 | $82.2M | $7.0M | ||
| Q1 25 | $42.5M | $6.1M | ||
| Q4 24 | — | $-10.5M | ||
| Q3 24 | — | $-7.1M | ||
| Q2 24 | — | $-8.0M | ||
| Q1 24 | — | $-350.0K |
| Q4 25 | $63.2M | $8.0M | ||
| Q3 25 | $42.8M | $8.7M | ||
| Q2 25 | $46.4M | $6.8M | ||
| Q1 25 | $14.7M | $6.0M | ||
| Q4 24 | — | $-12.4M | ||
| Q3 24 | — | $-7.1M | ||
| Q2 24 | — | $-8.2M | ||
| Q1 24 | — | $-447.0K |
| Q4 25 | 73.8% | 17.0% | ||
| Q3 25 | 61.2% | 16.9% | ||
| Q2 25 | 50.9% | 19.0% | ||
| Q1 25 | 15.5% | 19.5% | ||
| Q4 24 | — | -47.0% | ||
| Q3 24 | — | -30.0% | ||
| Q2 24 | — | -28.9% | ||
| Q1 24 | — | -1.5% |
| Q4 25 | 28.0% | 0.1% | ||
| Q3 25 | 56.7% | 0.9% | ||
| Q2 25 | 39.3% | 0.4% | ||
| Q1 25 | 29.3% | 0.4% | ||
| Q4 24 | — | 7.1% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.8% | ||
| Q1 24 | — | 0.3% |
| Q4 25 | 5.06× | — | ||
| Q3 25 | 6.59× | — | ||
| Q2 25 | 15.02× | — | ||
| Q1 25 | 6.89× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FLOC
| Transferred Over Time | $65.1M | 76% |
| Natural Gas Production | $21.0M | 25% |
TLS
| Security Solutions Segment | $44.8M | 96% |
| Secure Networks Segment | $1.9M | 4% |
