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Flowserve Corporation

FLS Industrials Specialty Industrial Machinery

Flowserve Corporation’s revenue for fiscal 2025 (year ended December 2025) was $4.7 billion, up 3.76% from fiscal 2024.

Revenue
+5.39%
EPS
−52.1%
Free cash flow
−67.1%
Total debt
+38.8%

Quarter to September 2026, against a year earlier

78.29 2.89 −3.56%
Market cap
$9.9B
P/E
39.1×
Fwd P/E
22.9×
Dividend yield
1.11%
F-score
8/9
Altman Z
4.01
Beneish M
−2.59
Dividend safety
78/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2025

  • FPD
  • FCD

Every year since 2009 →

Insider Decisions last twelve months

Bought, $m 0.23
Sold, $m 15.97
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — 2 — — — — — —
Sell 1 — 2 — — — — — — — — —
Insider Ownership 0.91%

Capital & Financial Ratios $m

Size
Market Cap 9,900.00
Revenue ttm 4,697.41
Net income ttm 273.27
Free cash flow ttm 173.93
Net debt Q 1,314.55
Valuation
P/E 39.15 (above 35: high)
Forward P/E 22.90
Price / sales 2.12
Forward P/S Powerpack
Price / FCF 57.24
Price / book 4.18
Financial health
Current ratio Q 2.10 (at or above 1.5: strong)
Debt / equity Q 0.86
Interest coverage Q 6.03
Growth
Revenue growth Q +5.39% (above 0%: growing)
Operating income growth Q +95.03% (above 0%: growing)
EPS, this year +13.91%
EPS, next year A +12.10%
Revenue, next year A +2.41%
EPS, past 5 yrs +21.43% (at or above 15%: strong)
EPS, next 5 yrs A +12.62%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.4×, against a ten-year median of 1.7×; over the ten years it ranged from 1.0× in 2020 to 2.6× in 2026.
P/E against its own 10 years 76.79%
10-year low 10-year high
P/S against its own 10 years 96.77%
10-year low 10-year high
P/B against its own 10 years 94.46%
10-year low 10-year high
EV/Sales against its own 10 years 97.51%
10-year low 10-year high
EV/FCF against its own 10 years 94.76%
10-year low 10-year high

Dividends

Yield
1.11%
Annual rate
0.87
Payout ratio
43.7%
Growth, 2017–25
+4.97%/yr
  1. 0.57 ’17
  2. 0.76 ’18 +33
  3. 0.95 ’19 +25
  4. 0.80 ’20 −16
  5. 0.80 ’21 +0
  6. 0.80 ’22 +0
  7. 0.80 ’23 +0
  8. 0.84 ’24 +5
  9. 0.84 ’25 +0
  10. 0.87 ’26e +3
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 546 675 760 742
Receivables 882 977 1,029 1,084
Inventory 880 837 790 844
Other — — — —
2,704 2,904 3,043 3,129
2023 2024 2025 Q'26
Payables 548 545 554 557
ST’ Debt 66 44 50 10
Other 288 284 275 329
1,439 1,468 1,502 1,491

Compound Annual Growth %

10y 5y 3y
Sales 0.37% 4.87% 9.37%
Cash Flow 1.39% 10.25% 0.00%
Earnings 2.97% 21.56% 22.43%
Book Value 3.08% 5.06% 6.65%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.98 Actual 1.07

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.94 1.11 Beat by 0.17
Q1 FY26 0.82 0.85 Beat by 0.03
Q2 FY26 0.86 0.95 Beat by 0.09
Q3 FY26 0.98 1.07 Beat by 0.09
Q4 FY26 1.31 — Reports 4 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.64 0.77 0.81 — —
’25 0.56 0.62 1.67 (0.23) 2.64
’24 0.56 0.55 0.44 0.59 2.14
’23 0.20 0.39 0.35 0.47 1.42
’22 (0.12) 0.34 0.29 0.92 1.44
’21 0.11 0.35 0.38 0.13 0.96
’20 0.11 0.07 0.39 0.43 1.00
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,068 1,169 1,238 — —
’25 1,145 1,188 1,174 1,222 4,729
’24 1,087 1,157 1,133 1,180 4,558
’23 980 1,080 1,095 1,165 4,321
’22 821 882 873 1,039 3,615
’21 857 898 866 919 3,541
’20 894 925 924 985 3,728
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (43) 129 144 — —
’25 (50) 154 402 0 506
’24 62 (13) 178 197 425
’23 27 24 81 195 326
’22 (27) (45) (38) 69 (40)
’21 36 25 90 99 250
’20 48 (27) 94 196 311
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (50) 112 127 — —
’25 (61) 138 385 (15) 447
’24 49 (27) 155 170 347
’23 10 8 65 177 260
’22 (39) (63) (53) 43 (112)
’21 27 12 78 81 198
’20 42 (40) 80 187 269
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 25.4% a year for ten years. It grew 8.1% a year over the last ten.

Implied
25.4%
10 years, reported
8.1%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

1.8
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 3,990 3,661 3,836 3,940 3,728 3,541 3,615 4,321 4,558 4,729 4,697 +1.9% 4,843 5,177 5,424 +4.7%
Gross margin, % 30.99 29.75 31.05 32.73 29.96 29.64 27.50 29.55 31.47 33.44 34.15 +2.4 pt
EBT 213 263 156 322 202 134 154 224 386 525 355 +10.6%
EBT margin, % 5.34 7.18 4.08 8.18 5.43 3.77 4.27 5.18 8.47 11.11 7.56 +5.8 pt
Net income 136 4 110 247 141 136 198 205 301 370 273 +11.8%
Per share, $
Per share, $ Revenue 30.59 28.01 29.32 30.07 28.59 27.18 27.67 32.95 34.66 36.38 36.94 +1.9%
Earnings 1.11 0.02 0.80 1.94 1.00 0.97 1.44 1.42 2.15 2.66 2.00 +10.2%
Cash flow 1.84 2.38 1.46 2.47 2.38 1.92 (0.31) 2.48 3.23 3.89 1.81 +8.7%
Capex (0.66) (0.43) (0.59) (0.25) (0.32) (0.40) (0.55) (0.50) (0.60) (0.46) (0.44) (4.0%)
Free cash flow 1.18 1.95 0.86 2.22 2.06 1.52 (0.86) 1.99 2.64 3.43 1.37 +12.6%
Book value 12.55 12.78 12.69 13.53 13.51 14.10 14.23 15.06 15.60 17.34 18.74 +3.7%
Shares, m 130 131 131 131 130 130 131 131 131 130 128 0.0%
Valuation, ×
Valuation, × P/E 42.45 0.00 46.59 25.79 36.53 31.55 21.63 28.53 26.88 26.28 39.15 28.6
P/S 1.60 1.52 1.30 1.66 1.29 1.13 1.13 1.23 1.66 1.91 2.12 1.4
P/B 3.90 3.32 2.99 3.68 2.73 2.17 2.19 2.69 3.69 4.00 4.18 3.1
EV/Sales 1.90 1.76 1.52 1.83 1.46 1.31 1.36 1.39 1.84 2.08 2.40 1.6
EV/FCF 49.30 25.21 51.64 24.86 20.22 23.41 (43.86) 23.03 24.22 22.03 64.80 22.0
Cash, $m
Cash, $m Operating cash flow 240 311 191 324 311 250 (40) 326 425 506 230 +8.6%
Capex (86) (56) (78) (33) (42) (52) (72) (65) (79) (59) (56) (4.1%)
Free cash flow 154 255 113 291 269 198 (112) 260 347 447 174 +12.5%
Balance, $m
Balance, $m Working capital 1,119 1,316 1,302 1,389 1,763 1,257 1,208 1,265 1,436 1,541 1,638 +3.6%
Net debt 1,203 872 863 706 632 644 839 688 829 815 1,315 (4.2%)
Shareholders’ equity 1,637 1,671 1,661 1,772 1,761 1,837 1,859 1,975 2,052 2,254 2,383 +3.6%
Returns, %
Returns, % ROA 2.74 0.06 2.19 5.00 2.54 2.50 3.96 3.77 5.33 6.18 4.18 +3.4 pt
ROIC 6.09 8.38 5.64 9.75 6.54 6.82 4.57 7.83 10.03 8.14 7.90 +2.1 pt
ROE 8.02 0.16 6.27 13.91 7.38 7.00 10.21 9.74 14.04 16.08 10.82 +8.1 pt
People
People Employees 18,000 17,000 17,000 17,000 16,000 16,000 16,000 16,000 16,000 16,000 — (1.3%)
Revenue/emp, $m 0.22 0.22 0.23 0.23 0.23 0.22 0.23 0.27 0.28 0.30 — +3.2%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Business profile

Updated

Flowserve Corporation makes and services equipment that moves, controls and contains liquids and gases in industrial processes. Founded in 1997, the company is headquartered in Irving. Robert Scott Rowe is its president and chief executive officer.

Its products include pumps, which move materials through a system; valves, which control or direct their flow; and mechanical seals, which help prevent leakage from rotating equipment. Flowserve also sells automation equipment and monitoring technology that help customers operate and assess the condition of their equipment.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
FPD 3,230 68.30%
FCD 1,499 31.70%
Gross margin 33.44%
Operating margin 8.46%
Pre-tax margin 11.11%

Revenue by segment since 2009

Flowserve Corporation vs peers in Specialty Industrial Machinery (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
WTS Watts Water Technologies, Inc. $11.6B 26.0× 28.0× +19.01% (above 0%: growing) +77.14% (above 0%: growing) +18.94% (above 0%: growing) 55.08% 26.21% Compare
PNR Pentair plc $11.1B 18.4× 17.5× −4.46% (below 0%: shrinking) −19.55% (below 0%: shrinking) −14.65% (below 0%: shrinking) 40.48% 20.06% Compare
GGG Graco Inc. $10.9B 21.5× 21.7× +7.92% (above 0%: growing) −9.64% (below 0%: shrinking) −16.87% (below 0%: shrinking) 50.52% 25.26% Compare
RRX Regal Rexnord Corporation $10.7B 46.2× 27.7× +6.08% (above 0%: growing) n/m +11.74% (above 0%: growing) 37.17% 5.13% Compare
GNRC Generac Holdings Inc. $10.2B 33.7× 25.5× +16.19% (above 0%: growing) +63.16% (above 0%: growing) +36.49% (above 0%: growing) 39.86% 12.40% Compare
INIO INNIO N.V. $10.0B 0.0× 51.4× +57.25% (above 0%: growing) +176.28% (above 0%: growing) +8.09% (above 0%: growing) 31.48% 16.58% Compare
FLS Flowserve Corporation $9.9B 39.1× 22.9× +5.39% (above 0%: growing) −52.07% (below 0%: shrinking) −67.06% (below 0%: shrinking) 33.48% 12.97%
DCI Donaldson Company, Inc. $9.6B 21.3× 19.3× +7.96% (above 0%: growing) +13.27% (above 0%: growing) +23.80% (above 0%: growing) 36.26% 16.68% Compare
AOS A. O. Smith Corporation $8.9B 18.5× 17.8× −0.21% (below 0%: shrinking) −0.74% (below 0%: shrinking) −32.29% (below 0%: shrinking) 38.78% 18.63% Compare
Median of peers $10.4B 21.4× 23.6× +7.94% +13.27% +9.92% 39.32% 17.65%

All 79 Specialty Industrial Machinery stocks →

From the latest earnings call

Updated

  • CEO Scott Rowe said Middle East conditions had worsened, affecting deliveries and service work, while some projects had shifted into 2027.
  • CFO Brian Ezzell said aftermarket mix, portfolio actions and operational execution helped lift adjusted operating margin, partly offset by higher selling and administrative costs.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 112.60%
Held by the ten largest 46.41%
Holder Shares Stake Change
BlackRock 13.48m 10.60% +306.45k
Vanguard 13.02m 10.24% +126.09k
UBS 6.02m 4.73% +847.90k
D1 Capital Partners L.P. 4.97m 3.91% −905.73k
State Street 4.17m 3.28% +47.33k
Fidelity International (FIL) 4.16m 3.28% +4.16m
Nuveen (TIAA) 3.41m 2.68% +421.04k
EARNEST PARTNERS LLC 3.39m 2.67% +667.27k
Beutel, Goodman & Co Ltd. 3.31m 2.61% +1.30m
JPMorgan Chase 3.06m 2.41% +947.64k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 2 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 10.91m 19.31m 208.76
2024 10.60m 25.78m 170.49
2023 10.58m 15.44m 120.16
2022 8.70m 6.34m 87.51
2021 12.48m 8.47m 84.90

Ownership

Directors and executive officers, together less than 1%
BlackRock, Inc. 8.60%
D1 Capital Partners L.P. 5.70%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Flowserve Corporation (FLS) Latest News

31 Oct

Impact 3 · · StockStory

30 Oct

Impact 3 · · Simply Wall St.
Impact 3 · · MarketBeat transcript
Impact 3 · · TIKR
Impact 3 · · StockStory

29 Oct

Impact 4 · · The Motley Fool transcript
Impact 4 · · Moby transcript

28 Oct

Impact 3 · · Zacks
Impact 3 · · StockStory
Impact 3 · · Zacks
Impact 3 · · Associated Press
Impact 3 · · Zacks

27 Oct

Impact 3 · · StockStory

23 Oct

Impact 4 · · Simply Wall St.

22 Oct

Impact 3 · · StockStory
Impact 3 · · Zacks

13 Oct

Impact 4 · · Zacks

9 Oct

Impact 3 · · StockStory

25 Sep

Impact 3 · · GuruFocus.com

31 Aug

Impact 4 ·

17 Aug

Impact 3 ·

14 Aug

Impact 4 ·

7 Aug

Impact 3 ·

31 Jul

Impact 3 · · MarketBeat

30 Jul

Impact 4 ·
Impact 3 ·

29 Jul

Impact 3 ·
Impact 3 ·
Impact 3 ·

30 Jun

Impact 3 ·

FLS metrics, ten years each

stockrow.com/FLS · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com