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Stock research / United States / FLS · Pumps & Pumping Equipment · NYSE

Flowserve Corp. (FLS)

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Flowserve Corp. (FLS) reported revenue of $1.2 billion for Q2 FY2026, the quarter ended 30 June 2026, down 1.6% on the same quarter a year earlier. Net income was $99 million, up 21.1% on the year, and diluted earnings per share $0.77. The figures are the company's own, from the 10-Q it filed with the SEC on 29 July 2026.

Revenue$1.2 billiondown 1.6%
Net income$99 millionup 21.1%
Diluted EPS$0.77
QuarterQ2 FY2026ended 30 June 2026

Flowserve (FLS) in brief

Flowserve (FLS) reported revenue of $4.7 billion for fiscal 2025, the year ended 31 December 2025, up 3.8% on the year before.
Read moreNet income was $346 million and diluted earnings per share $2.64. Revenue was $4.6 billion in fiscal 2024, $4.3 billion in fiscal 2023, $3.6 billion in fiscal 2022 and $3.5 billion in fiscal 2021. Net income in the same years was $283 million, $187 million, $189 million and $126 million. Over the twelve months to 30 June 2026, Flowserve reported revenue of $4.6 billion and net income of $371 million. Revenue grew 4.9% a year, compounded, over the five years to fiscal 2025. Flowserve declared $0.84 a share in dividends over the last four quarters and had 127 million shares outstanding at the latest filed count. At 30 June 2026 it carried $2.1 billion of debt and $731 million of cash. At the close of 8 October 2026 the market cap of Flowserve was $8.9 billion, 24.4 times its earnings over the last twelve months.

Ratios

From the filings

ROE16.4%
ROCE9.0%
Operating margin8.5%
Net margin8.0%
FCF margin8.9%
Interest cover4.65
Debt to equity0.94
Cash conversion1.31
Share count, 1 year-2.8%
Sales CAGR, 3 years9.4%
Profit CAGR, 3 years22.4%
EPS, TTM$2.85

At the close of 8 October 2026

Price$69.65
Market cap$8.9 billion
Stock P/E24.44
Price to book3.92
EV / EBITDA21.00
Dividend yield1.2%
Market cap / sales1.91
52-week high$92.04
52-week low$49.09
Price, 1 year32.9%
Price CAGR, 3 years21.9%
Price CAGR, 5 years14.5%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Debt to equity here stands on long-term debt as Flowserve Corp. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
FLSgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on FLS

Filings24 in twelve months: 16 current reports (8-K), about 10 regulation fd disclosure; 5 officer or director change; 4 results of operations; 3 charter or bylaw amendment, or fiscal year change; 3 material agreement
Planned insider sales12 Form 144 notices in twelve months, $22.5 million; latest 18 June 2026
Options tapeput/call 0.1 by open interest at the 8 October 2026 close; the straddle prices a 5.9% move to 16 October 2026
13F holders8 of the followed funds hold it; largest Geode Capital Management; 5 Schedule 13D or 13G filings in twelve months
Insider trading8 sales and 2 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest7.9 million shares short, 4.66 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue1,0951,1651,0871,1571,1331,1801,1451,1881,1741,2221,0681,169
Cost of revenue777826749791776808775782794797688784
Gross profit318340339366357372369407380425380385
Gross margin29%29%31%32%32%32%32%34%32%35%36%33%
SG&A252235228239259252243266305248263266
Operating income70.310911312110312513214779.342.2119151
Operating margin6%9%10%10%9%11%12%12%7%3%11%13%
Interest expense17.316.915.316.916.620.519.220.318.719.620.425.7
Net income46.262.674.272.658.477.573.981.8220-29.081.799.0
Net margin4%5%7%6%5%7%6%7%19%-2%8%8%
Diluted EPS$0.35$0.47$0.56$0.55$0.44$0.59$0.56$0.62$1.67-$0.23$0.64$0.77
Operating cash flow80.819562.3-12.8178197-49.9154402-0.2-43.1129
Capital expenditure15.719.813.614.723.928.911.716.617.225.416.916.9
Free cash flow65.117548.6-27.5155168-61.7138385-25.6-60.0112
Buybacks0.00.02.513.63.90.021.131.714556.90.025.0
Dividends paid26.226.227.727.627.627.627.627.627.527.026.728.1
Shares outstanding131m131m132m131m131m132m131m131m127m127m128m127m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Revenue4,8784,5613,9913,6613,8333,9453,7283,5413,6154,3214,5584,7294,634
Cost of revenue3,1633,0802,7542,5752,6452,6492,6112,4912,6213,0443,1243,1483,064
Gross profit1,7101,4781,2371,0891,1911,2891,1171,0509941,2771,4341,5811,570
Gross margin35.1%32.4%31.0%29.7%31.1%32.7%30.0%29.6%27.5%29.6%31.5%33.4%33.9%
Research and development40.945.942.838.639.642.036.134.239.948.769.954.1n/a
Selling, general and administrative9379729659029679138787978169619781,0621,083
Operating income785515277341228387250271197334462400392
Operating margin16.1%11.3%6.9%9.3%5.9%9.8%6.7%7.6%5.5%7.7%10.1%8.5%8.5%
Interest expense60.365.360.159.758.255.056.257.646.266.969.377.784.4
Pre-tax income729412213263156322202134154224386525n/a
Income tax20914877.425946.575.561.4-2.6-43.618.684.9156160
Effective tax rate28.7%36.0%36.3%98.4%29.8%23.4%30.4%-1.9%-28.3%8.3%22.0%29.6%n/a
Net income5132581322.7105239130126189187283346371
Net margin10.5%5.7%3.3%0.1%2.7%6.1%3.5%3.6%5.2%4.3%6.2%7.3%8.0%
Diluted EPS$3.72$1.93$1.01$0.02$0.80$1.81$1.00$0.96$1.44$1.42$2.14$2.64$2.85
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment

FY2023FY2024FY2025Share
latest year
FPD3,0613,1543,23068.3%
FCD1,2601,4041,49931.7%
FPDFCD
4,321FY20234,558FY20244,729FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by product or service

FY2023FY2024FY2025Share
latest year
Aftermarket2,2342,3402,51053.1%
Original Equipment2,0872,2182,22046.9%
AftermarketOriginal Equipment
4,321FY20234,558FY20244,729FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow594441240311191324311250-40.0326425506488
Capital expenditure13318289.761.684.075.757.454.976.367.481.070.976.4
Free cash flow462259151249107248253195-116258344435411
Free cash flow margin9.5%5.7%3.8%6.8%2.8%6.3%6.8%5.5%-3.2%6.0%7.6%9.2%8.9%
Cash from investing-84.1-525-91.5177-81.5-33.4-41.7-59.5-6.1-68.6-387-125-641
Cash from financing-39137.7-144-185-173-231148-600-150-153117-327262
Depreciation and amortisation11012711711811210610199.891.083.785.695.595.5
Share-based compensation42.734.830.222.819.923.927.329.525.527.830.538.340.0
Buybacks2473040.00.00.015.032.117.50.00.020.1255227
Dividends paid85.193.797.799.299.499.6104105105105110110109
Dividend per share$0.64$0.72$0.76$0.76$0.76$0.76$0.80$0.80$0.80$0.80$0.84$0.84n/a
Diluted shares, weighted138m134m131m131m131m132m131m131m131m132m132m131m128m
Shares outstanding at period endn/an/an/an/an/an/an/an/an/an/an/an/a127m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity1,9321,6471,6161,6551,6421,7471,7321,8041,8251,9362,0082,1912,260
Non-controlling interest10.317.321.016.418.525.630.333.033.639.044.062.967.8
Debt1,1551,6311,5711,5751,4831,3771,7271,3031,2731,2341,5041,5752,122
Operating lease liabilitiesn/an/an/an/an/a152176167155139150150146
Finance lease liabilitiesn/an/an/an/an/a7.212.911.312.413.213.520.7n/a
Other liabilities1,7481,6671,5011,6641,5061,6301,6361,4321,4911,7481,7821,7091,725
Total liabilities and equity4,8454,9634,7094,9104,6494,9385,3154,7504,7915,1095,5015,7086,320
Owned
Fixed assets694758724672610564557516501506540567595
Goodwill1,0671,2241,2051,2181,1981,1931,2251,1961,1681,1821,2861,3921,745
Intangible assets146229215210191181168152135122189198345
Cash and equivalents4503663677036206711,095658435546675760731
Receivables1,0829868838577927967537398698829771,0291,057
Inventory996979898884634661667678803880837790833
Other assets4094214183666058748488098809919979721,014
Total assets4,8454,9634,7094,9104,6494,9385,3154,7504,7915,1095,5015,7086,320
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded0.4%4.9%9.4%-0.3%
Profit growth, compounded3.0%21.6%22.4%27.3%
Return on equity, average9.3%11.4%13.2%15.8%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Machinery

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Xylem Inc. XYL$23.8 billion24.289.8%14.5%4.5%0.281.6%
ITT Inc. ITT$17.8 billion38.968.8%14.4%28.1%0.620.7%
Idex Corp. IEX$17.1 billion33.3513.0%20.7%7.3%0.471.2%
Graco Inc. GGG$12.7 billion24.6421.1%28.1%4.6%0.011.4%
Regal Rexnord Corp. RRX$10.7 billion32.994.7%11.7%3.5%0.660.9%
Donaldson Co. Inc. DCI$10.1 billion22.6425.7%15.4%5.3%0.731.4%
Toro Co. TTC$9.2 billion25.8927.2%10.3%5.2%0.721.6%
Flowserve Corp. FLS$8.9 billion24.4416.4%8.5%-0.3%0.941.2%
Pentair plc PNR$8.5 billion13.1417.4%20.3%-2.1%0.431.9%
SPX Technologies, Inc. SPXC$8.4 billion30.3211.9%16.2%20.6%0.260.4%
Timken Co. TKR$7.9 billion30.998.1%10.5%5.5%0.641.2%
Agco Corp. AGCO$7.6 billion14.9613.1%5.8%1.7%0.651.1%
All 41 in Machinery
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
ASML Holding N.V. ASML *$695.7 billion64.8849.0%34.6%15.6%0.22n/a
Lam Research Corp. LRCX$401.1 billion55.6658.3%35.3%26.0%0.300.3%
Caterpillar Inc. CAT$366.0 billion34.2755.9%17.5%18.4%1.440.7%
Deere & Co. DE$176.0 billion36.2517.4%13.4%8.0%2.281.0%
Eaton Corp. plc ETN$164.9 billion43.1918.9%n/a15.5%0.911.0%
Johnson Controls International plc JCI$94.0 billion26.7826.5%n/a6.8%0.621.0%
Illinois Tool Works Inc. ITW$75.4 billion24.00110.3%26.5%4.3%3.352.3%
Cummins Inc. CMI$71.6 billion26.5921.1%11.2%2.9%0.521.5%
Baker Hughes Co. BKR$55.9 billion18.1615.6%n/a0.4%0.82n/a
Carrier Global Corp. CARR$46.4 billion38.509.1%7.8%-1.6%0.771.2%
Ingersoll Rand Inc. IR$30.3 billion32.109.4%18.1%7.8%0.40n/a
TechnipFMC plc FTI$27.4 billion24.1835.9%16.0%9.9%0.120.3%
nVent Electric plc NVT$26.6 billion44.8615.0%17.1%46.2%0.370.5%
Dover Corp. DOV$25.4 billion22.7714.7%16.9%7.6%0.421.1%
Xylem Inc. XYL$23.8 billion24.289.8%14.5%4.5%0.281.6%
Curtiss Wright Corp. CW$18.7 billion34.9119.5%18.8%10.5%0.350.2%
Nordson Corp. NDSN$18.2 billion33.0517.0%26.9%7.0%0.531.0%
Zebra Technologies Corp. ZBRA$18.1 billion34.9615.7%14.7%12.7%0.81n/a
ITT Inc. ITT$17.8 billion38.968.8%14.4%28.1%0.620.7%
Idex Corp. IEX$17.1 billion33.3513.0%20.7%7.3%0.471.2%
RBC Bearings Inc. RBC$16.4 billion49.489.3%23.6%17.3%0.230.0%
CNH Industrial N.V. CNH$15.4 billion49.844.0%n/a0.6%3.332.0%
Lincoln Electric Holdings Inc. LECO$14.1 billion25.8535.6%17.1%9.3%0.741.2%
BWX Technologies, Inc. BWXT$13.0 billion36.8426.6%12.1%22.7%1.510.7%
Graco Inc. GGG$12.7 billion24.6421.1%28.1%4.6%0.011.4%
Lennox International Inc. LII$12.6 billion16.3460.8%19.7%-2.1%0.891.4%
Moog Inc. MOG.A$11.6 billion30.6517.0%13.3%15.6%0.410.3%
Regal Rexnord Corp. RRX$10.7 billion32.994.7%11.7%3.5%0.660.9%
Donaldson Co. Inc. DCI$10.1 billion22.6425.7%15.4%5.3%0.731.4%
Toro Co. TTC$9.2 billion25.8927.2%10.3%5.2%0.721.6%
Flowserve Corp. FLS$8.9 billion24.4416.4%8.5%-0.3%0.941.2%
Pentair plc PNR$8.5 billion13.1417.4%20.3%-2.1%0.431.9%
SPX Technologies, Inc. SPXC$8.4 billion30.3211.9%16.2%20.6%0.260.4%
Timken Co. TKR$7.9 billion30.998.1%10.5%5.5%0.641.2%
Agco Corp. AGCO$7.6 billion14.9613.1%5.8%1.7%0.651.1%
Aaon, Inc. AAON$7.1 billion44.7715.8%11.0%53.5%0.430.5%
NOV Inc. NOV$6.8 billion73.041.5%5.1%-1.7%0.272.7%
Weatherford International plc WFRD$5.5 billion15.1720.5%12.7%-7.2%0.811.3%
Middleby Corp. MIDD$4.8 billionn/a-21.3%16.5%8.4%0.88n/a
Brunswick Corp. BC$4.0 billionn/a-5.1%-0.4%10.5%1.252.8%
Esab Corp. ESAB$4.0 billion23.256.8%12.1%9.7%0.940.6%
4 companies share its SEC industry code (Pumps & Pumping Equipment); the rest are the names nearest in size in its wider industry, Machinery, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202629 July 2026EDGAR
10-Q31 March 202629 April 2026EDGAR
10-K31 December 202517 February 2026EDGAR
10-Q30 September 202528 October 2025EDGAR
10-Q30 June 202530 July 2025EDGAR
10-Q31 March 202529 April 2025EDGAR
10-K31 December 202426 February 2025EDGAR
10-Q30 September 202428 October 2024EDGAR
10-Q30 June 202429 July 2024EDGAR
10-Q31 March 202429 April 2024EDGAR

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