Flory–Stockmayer theory is a theory governing the cross-linking and gelation of step-growth polymers. The Flory–Stockmayer theory represents an advancement from the Carothers equation, allowing for the identification of the gel point for polymer synthesis not at stoichiometric balance. The theory was initially conceptualized by Paul Flory in 1941 and then was further developed by Walter Stockmayer in 1944 to include cross-linking with an arbitrary initial size distribution. The Flory–Stockmayer theory was the first theory investigating percolation processes. Flory–Stockmayer theory is a special case of random graph theory of gelation.