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Flowco Holdings vs HMH Holding: FLOC and HMH compared
Flowco Holdings is the larger company: $259M of revenue in its latest quarter (Q3 2026) against $171M for HMH Holding (Q3 2026). Flowco Holdings is growing faster (+46% against -21% a year earlier). Flowco Holdings is more profitable, with an operating margin of 18.5% against 12.8%.
Where the money goes: FLOC and HMH
Flowco Holdings (FLOC) · Q3 2026
Flowco Holdings, Q3 2026: revenue $259M (+46% year over year), operating margin 18.5%, net earnings $20.1M, operating cash flow $103M. The chart follows the revenue to costs, profit and cash.
HMH Holding (HMH) · Q3 2026
HMH Holding, Q3 2026: revenue $171M (-21% year over year), operating margin 12.8%, net earnings $5.0M, operating cash flow −$6.2M. The chart follows the revenue to costs, profit and cash.
| Flowco Holdings (FLOC) | HMH Holding (HMH) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $259M | $171M |
| Revenue growth, Y/Y | +46% | -21% |
| Operating margin | 18.5% | 12.8% |
| Net earnings | $20.1M | $5.0M |
| Net margin | 7.8% | 2.9% |
| Operating cash flow | $103M | −$6.2M |
| Free cash flow | $72.4M | — |
Where the revenue comes from
Flowco Holdings
- Downhole Components: $99.6M (39%)
- Surface Equipment: $79.0M (31%)
- Vapor Recovery: $55.1M (21%)
- Natural Gas Production: $24.9M (10%)
HMH Holding
- Service revenue: $97.1M (57%)
- Spare parts revenue: $57.2M (33%)
- Product revenue: $16.8M (10%)
Questions
Which is bigger, Flowco Holdings or HMH Holding?
Flowco Holdings is the larger company: $259M of revenue in its latest quarter (Q3 2026) against $171M for HMH Holding (Q3 2026).
Is Flowco Holdings or HMH Holding growing faster?
Flowco Holdings is growing faster (+46% against -21% a year earlier).
Which is more profitable, Flowco Holdings or HMH Holding?
Flowco Holdings is more profitable, with an operating margin of 18.5% against 12.8%.
More: Flowco Holdings earnings · how Flowco Holdings makes money · HMH Holding earnings · how HMH Holding makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.