A one-stage direction and flow control valve was studied theoretically and experimentally. A direction and flow control valve maintains a constant flow rate by changing the spool-orifice area under the variation of valve pressure drop, since the spool-orifice area is varied by the action of flowforces on the spool. A direction and flow control valve has the advantage of simple and low-cost structure compared to a conventional flow control valve utilizing a pressure regulating spool which regulates the pressure drop caused by flow through the metering orifice. The static and dynamic characteristics of a one-stage direction and flow control valve was analyzed. Experimental results on the flow control characteristics of the manufactured valve show satisfactory agreement with simulation results.