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Flowserve Corp (FLS) stock

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NYSE: FLS NYSE Industrial Machinery & Supplies & Components Next results ~February 4, 2027

D Fundamentals grade

Flowserve Corp is a US-listed company in the industrial machinery & supplies & components industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$47

Cash-flow model

Base case. Range ~$32–$66 across our lower- and higher-growth cases (-3%–7% a year).

Price vs value

Overvalued

The price is above our entire value range; our base value is 42% below it.

Price used: $80.26, November 2, 2026

Flowserve Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders2 buying, 6 selling2 purchases and 8 sales by directors and officers, last 12 monthsInsider trades
  • Funds289 adding, 325 cuttingOf 81 active managers that changed their stake, 37 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Flowserve files

10-Q filed October 28: Flowserve

Model value +10.1%

Revenue for the twelve months to September 2026 was $4.70bn, up 0.2% on a year earlier, about the same pace as a quarter earlier. That puts it 57 of 64 for growth among the industrial machinery & supplies & components companies we cover. Free-cash-flow margin fell to 3.3% from 13.4% a year earlier. The diluted share count is down 2.8% on a year earlier, which lifts each remaining share. Its fundamentals grade moves from E to D. Our model value rises from $42.58 to $46.86 a share, against a share price of $79.89. The rating stays Sell.

Source: 10-Q filed October 28, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (2)

10-Q filed July 29: Flowserve

Flowserve's revenue reached $4.70bn over the twelve months to June 2026, up 0.2% on a year earlier and little changed from the pace seen a quarter earlier. That leaves the company 38th of 40 for growth among the industrial machinery & supplies & components names we cover. Free-cash-flow margin, meanwhile, fell sharply to 3.3% from 13.4% a year earlier. On a brighter note, the diluted share count is down 2.8% on a year earlier, lifting each remaining share's claim on the business. Its fundamentals grade slips from D to E. Our model value is little changed at $42.58 a share, well below the current share price of $70.84. The rating stays Sell.

10-Q on SEC EDGAR

Where Flowserve stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $4.63bn, down 0.3% on a year earlier, slower than 0.8% a quarter earlier. That puts it 836 of 931 for growth among all the companies we cover. Free-cash-flow margin held at 8.9%. Operating margin narrowed to 8.5% from 10.9%. The diluted share count is down 2.3% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 2 of our 6 financial-health checks. Our cash-flow model value is $32.59 a share, against a share price of $70.16. At that price, our model says the market is pricing in about 13.5% a year of cash-flow growth for five years, faster than the 5.5% a year revenue growth it has delivered.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 4, 2027 (estimated)

Flowserve Corp's trailing-twelve-month revenue grew 0.2% year on year, with a free-cash-flow margin of 3.3%. Where it stands out: change in share count of -2.8% ranks 7 of 73 industrial machinery & supplies & components companies we cover. Where it lags: revenue growth of 0.2% ranks 66 of 75 industrial machinery & supplies & components companies we cover.

Our discounted-cash-flow model values the business at ~$47 per share in the base case (~$32–$66 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 75.6% while net income fell 43.7%: a 32pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 2.8% in a year, so each share owns more of the business.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Priced above our value. The share price of $80.26 is 42% above our value per share of $47.
  • High earnings multiple. The shares trade at 40 times the last 12 months' earnings, so expectations are demanding.
  • Volatile shares. Over the past year the shares showed annualised volatility of 42% and a beta of 1.7 against the S&P 500.
  • Weak cash conversion. Free cash flow was 60% of net income over the last 12 months.
  • Below peers: revenue growth. Revenue growth of 0.2% ranks 66 of 75 industrial machinery & supplies & components companies we cover (median 8.3%).
  • Below peers: days sales outstanding. Days sales outstanding of 84 days ranks 55 of 65 industrial machinery & supplies & components companies we cover (median 63 days).

Latest results: FY2026 Q3

Filed October 28, 2026
Earnings per share
$0.95 against an average estimate of $0.86: beat by 10.4%
Revenue
$1.24bn, up 5.4% on a year earlier
Share reaction
+13.4% in the first session after the results on October 28, 2026, against 0.0% for the S&P 500
Guidance given
organic Sales Growth growth -2.5% to -1.5% (full-year 2026); impact From Acquisitions/Divestitures 350 (full-year 2026)
Next report
October 28, 2026; average EPS estimate $0.98

Flowserve's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.6%
  • 1 week+15.4%
  • 1 month+7.9%
  • This year+16.7%
  • 1 year+19.0%
  • 5 years+160.9%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$4.7B
Operating margin
10.0%
Net margin
5.4%
EPS (TTM, diluted)
$1.98

Growth

Revenue growth
+0.2%
Change in growth rate
+0.5 pts
Share count change
−2.8%

Cash

Free cash flow (TTM)
$154M
FCF margin
3.3%
Stock pay % of revenue
0.9%

Earnings

Last results
October 28, 2026
Next results (est.)
February 4, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Guidance
  3. Leadership
  4. Dividend
  5. Leadership
  6. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Flowserve Corp valuation models and calculator

What the price is pricing in

The share price implies about 11.7% a year of cash-flow growth for five years.That is faster than the 5.8% a year revenue growth Flowserve has delivered.

Read with care: free cash flow has swung sharply in the past year (often a one-off tax, legal or working-capital item), so the cash-flow base behind this reading may be unusually low or high.

  • Priced in11.7%
  • Last 12 months0.2%
  • 3 years a year3.8%
  • 5 years a year5.8%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($81.50, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$47
Price used
$81.50close November 3, 2026
Implied change
▼ 43%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Flowserve Corp's free cash flow after stock-based pay with after-tax interest added back ($410M, FY2026 Q3 TTM), growing 7.3% and 3.7% in the next two years (forecasts, guidance and its record), then back to 2% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$32–~$66 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Flowserve Corp's free cash flow after stock-based pay ( $410M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Flowserve Corp as an operating company, with every model that fits that kind of business. Cost of equity 10.3%: the 10-year Treasury yield (4.9%) plus a beta of 1.18 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$47 ~$32–$66 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$80 ~$72–$110 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$23 ~$18–$31 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$25 ~$22–$29 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$44 ~$23–$80 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Flowserve Corp with Industrial Machinery & Supplies & Components in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −40%
  • Revenue growth 5 points higher ▲ +52%
  • Free-cash-flow margin 1 point lower ▼ −33%
  • Last year's free-cash-flow margin change, if it persists ▼ −77%
  • Discount rate 1 point higher ▼ −23%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $35$52$74$103$140$189
8.5% $25$37$52$73$100$134
10% $18$27$39$55$76$102

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$34.20$39.68$35.24$32.35$43.24$32.93$27.96$28.82$39.58$56.16$68.77$80.26
Market value$4.6bn$5.2bn$4.6bn$4.2bn$5.7bn$4.3bn$3.7bn$3.8bn$5.2bn$7.4bn$9.0bn$10.3bn
+ Net debt (− = net cash)$1.3bn$1.2bn−$703m$863m$706m$632m$644m$839m$688m$829m$815m$1.3bn
Enterprise value$5.8bn$6.4bn$3.9bn$5.1bn$6.4bn$4.9bn$4.3bn$4.6bn$5.9bn$8.3bn$9.8bn$11.6bn
Multiples
Price / sales 1.0x1.3x1.3x1.1x1.4x1.2x1.0x1.0x1.2x1.6x1.9x2.2x
Price / earnings 17.7x39.2xn/m40.6x23.8x33.1x29.1x20.1x28.0x26.3x26.0x40.4x
Price / free cash flow 17.7x34.5x18.6x39.7x22.9x17.0x18.7x—20.2x21.6x20.7x67.0x
EV / EBITDA 9.1x16.3x8.5x15.0x13.0x14.1x11.6x16.0x14.2x15.1x19.8x20.1x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

57 /100

Moderate moat

How hard Flowserve's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 8 / 20

    Cash operating profit has been a median 6.9% of total assets over 10 years.

  • Pricing power 11 / 20

    Gross margin has been a median 30.4%, moving by 1.8 percentage points (standard deviation) across 10 years.

  • Durability 10 / 20

    Operating margin has been a median 8.7%; its worst year was 5.1%.

  • Cash conversion 12 / 20

    Free cash flow was positive in 9 of 10 years, at a median 5.4% of revenue.

  • Discipline 17 / 20

    The diluted share count fell 2.0% over five years; stock-based pay has been a median 0.7% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $4.10 +13% $4.9bn +3%
Next $4.62 +13% $5.2bn +7%

Next year's EPS estimate has moved +0.2% in 90 days, across 11 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +1.1% on 90 days ago. In the last 30 days, 2 analysts raised Flowserve Corp's forecast and 1 cut it.

Consensus EPS forecast Flowserve Corp, last 90 days
$4.00 $4.20 $4.40 $4.60 $4.80 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $4.06 Current fiscal year, 60 days ago: $4.11 Current fiscal year, 30 days ago: $4.12 Current fiscal year, 7 days ago: $4.11 Current fiscal year, Now: $4.10 $4.10 Next fiscal year, 90 days ago: $4.61 Next fiscal year, 60 days ago: $4.66 Next fiscal year, 30 days ago: $4.65 Next fiscal year, 7 days ago: $4.62 Next fiscal year, Now: $4.62 $4.62

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $4.06$4.61
60 days ago $4.11$4.66
30 days ago $4.12$4.65
7 days ago $4.11$4.62
Now $4.10$4.62

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.86 $0.95 +10.4%
Mar 2026 $0.80 $0.85 +6.2%
Dec 2025 $0.94 $1.11 +18.4%
Sept 2025 $0.80 $0.90 +13.2%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 28, 2026
  • Organic Sales Growth full-year 2026 -2.5% growth to -1.5% growth Non-GAAP
    “Organic Sales Growth Approx. (1%) (2.5%) to (1.5%)” source
  • Total Sales Growth full-year 2026 2% growth to 3% growth Lowered vs about 3
    “Total Sales Growth Approx. +3% +2% to +3%” source
  • Adjusted EPS full-year 2026 $4.10 to $4.20 Non-GAAP Raised
    “Raised the low end of full-year 2026 adjusted EPS 3 guidance to $4.10 to $4.20” source
  • Impact From Acquisitions/Divestitures full-year 2026 about 350 Raised vs about 100
    “Impact From Acquisitions/Divestitures Approx. +300 bps Approx. +350 bps” source
  • Impact From Foreign Exchange Translation full-year 2026 about 100 Maintained vs about 100
    “Impact From Foreign Exchange Translation Approx. +100 bps Approx. +100 bps” source
  • Net Interest Expense full-year 2026 about $85m Maintained vs about 85m
    “Net Interest Expense Approx. $85 million Approx. $85 million” source
Show 2 more items
  • Adjusted Tax Rate full-year 2026 21% to 22% Non-GAAP Maintained vs 21 to 22
    “Adjusted Tax Rate 21% to 22% 21% to 22%” source
  • Capital Expenditures full-year 2026 about $90m Lowered vs about 100m
    “Capital Expenditures Approx. $100 million Approx. $90 million” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Flowserve Corp's revenue by +7.3% next year and +3.7% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+8.9%, weight 46%) , management guidance (+8.6%, weight 32%) and the company's own record (+2.0%, weight 22%) . How the weights are set.

Analyst recommendations

11 analysts, Oct 2026
Buy764%
Hold436%
Sell00%

Monthly trend

  1. Oct 202616411
  2. Sep 202616411
  3. Aug 202616411
  4. Jul 202616411

Counts of recommendations published by analysts covering Flowserve Corp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
6.8%
of tradable shares
Days to cover
5.26
at average volume
Short interest, 1 month
+8%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
0.6%
of shares
Employees
16,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +19.0%

$67.45 on October 31, 2025 to $80.26

ThenNowEffect
Revenue (last 12 months) $4.6bn $4.6bn −0.3%
Net margin 6.3% 8.0% +27.7%
P/E multiple 30.6x 27.9x −8.7%
Share count 132m 129m +2.4%

Biggest factor: net margin.

Last 3 years +122.4%

$36.08 on November 3, 2023 to $80.26

ThenNowEffect
Revenue (last 12 months) $4.0bn $4.6bn +16.7%
Net margin 6.0% 8.0% +33.9%
P/E multiple 20.0x 27.9x +39.6%
Share count 132m 129m +2.0%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
FLS−15%+3%+37%+42%+23%+17%
Industry peers (median)+19%−15%+19%+2%+9%+3%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
FLS50%42%67%67%50%73%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
FLS−34%−34%−18%−14%−39%−30%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 65% from September 18, 2018 to March 23, 2020. Getting back needed a 184% gain, reached on May 9, 2024, 1508 days after the low.

Price behaviour

52-week range
$64.02 – $91.23
From 52-week high
−12.0%
vs 50-day average
+8.2%
vs 200-day average
+5.6%
Volatility (1 year)
42%
Beta vs S&P 500
1.71

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
8 up, 4 down
typical move ±6.9%
After a week
6 up, 5 down
typical move ±8.9%
After a month
6 up, 5 down
typical move ±10.8%
Results releasedNext dayS&P 500 next day5 days21 days
October 28, 2026 +13.4% 0.0% — —
July 29, 2026 +2.6% +0.1% +7.1% +11.7%
April 29, 2026 −13.4% +1.0% −13.7% −11.2%
February 5, 2026 +7.1% +0.6% +9.1% −3.3%
October 28, 2025 +30.5% +0.3% +31.6% +33.6%
July 29, 2025 +2.1% −0.4% −1.2% 0.0%
April 29, 2025 +1.3% +0.7% +4.4% +13.1%
February 18, 2025 −5.3% +0.5% −12.3% −17.6%
October 28, 2024 +2.8% +0.5% +2.1% +16.4%
July 29, 2024 −2.9% −0.4% −12.3% −3.1%
April 29, 2024 +0.9% −1.2% +3.0% +4.0%
February 20, 2024 −0.8% −0.5% −0.8% +4.9%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Flowserve Corp’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Flowserve Corp in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Flowserve Corp
$4.2B $4.4B $4.6B $4.8B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $4.3B Revenue (TTM), FY24 Q1: $4.4B Revenue (TTM), FY24 Q2: $4.5B Revenue (TTM), FY24 Q3: $4.5B Revenue (TTM), FY24 Q4: $4.6B Revenue (TTM), FY25 Q1: $4.6B Revenue (TTM), FY25 Q2: $4.6B Revenue (TTM), FY25 Q3: $4.7B Revenue (TTM), FY25 Q4: $4.7B Revenue (TTM), FY26 Q1: $4.7B Revenue (TTM), FY26 Q2: $4.6B Revenue (TTM), FY26 Q3: $4.7B $4.7B

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $4.3B
FY24 Q1 $4.4B
FY24 Q2 $4.5B
FY24 Q3 $4.5B
FY24 Q4 $4.6B
FY25 Q1 $4.6B
FY25 Q2 $4.6B
FY25 Q3 $4.7B
FY25 Q4 $4.7B
FY26 Q1 $4.7B
FY26 Q2 $4.6B
FY26 Q3 $4.7B
Revenue growth, TTM YoY Flowserve Corp
-5% 0% 5% 10% 15% 20% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 19.5% Revenue growth, TTM YoY, FY24 Q1: 17.3% Revenue growth, TTM YoY, FY24 Q2: 13.4% Revenue growth, TTM YoY, FY24 Q3: 8.3% Revenue growth, TTM YoY, FY24 Q4: 5.5% Revenue growth, TTM YoY, FY25 Q1: 4.2% Revenue growth, TTM YoY, FY25 Q2: 3.1% Revenue growth, TTM YoY, FY25 Q3: 3.2% Revenue growth, TTM YoY, FY25 Q4: 3.8% Revenue growth, TTM YoY, FY26 Q1: 0.8% Revenue growth, TTM YoY, FY26 Q2: -0.3% Revenue growth, TTM YoY, FY26 Q3: 0.2% 0.2%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 19.5%
FY24 Q1 17.3%
FY24 Q2 13.4%
FY24 Q3 8.3%
FY24 Q4 5.5%
FY25 Q1 4.2%
FY25 Q2 3.1%
FY25 Q3 3.2%
FY25 Q4 3.8%
FY26 Q1 0.8%
FY26 Q2 -0.3%
FY26 Q3 0.2%
Operating margin (TTM) Flowserve Corp
7% 8% 9% 10% 11% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 7.7% Operating margin (TTM), FY24 Q1: 8.8% Operating margin (TTM), FY24 Q2: 9.2% Operating margin (TTM), FY24 Q3: 9.8% Operating margin (TTM), FY24 Q4: 10.1% Operating margin (TTM), FY25 Q1: 10.4% Operating margin (TTM), FY25 Q2: 10.9% Operating margin (TTM), FY25 Q3: 10.3% Operating margin (TTM), FY25 Q4: 8.5% Operating margin (TTM), FY26 Q1: 8.3% Operating margin (TTM), FY26 Q2: 8.5% Operating margin (TTM), FY26 Q3: 10.0% 10.0%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 7.7%
FY24 Q1 8.8%
FY24 Q2 9.2%
FY24 Q3 9.8%
FY24 Q4 10.1%
FY25 Q1 10.4%
FY25 Q2 10.9%
FY25 Q3 10.3%
FY25 Q4 8.5%
FY26 Q1 8.3%
FY26 Q2 8.5%
FY26 Q3 10.0%
FCF margin (TTM) Flowserve Corp
0% 5% 10% 15% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 6.0% FCF margin (TTM), FY24 Q1: 6.7% FCF margin (TTM), FY24 Q2: 5.8% FCF margin (TTM), FY24 Q3: 7.7% FCF margin (TTM), FY24 Q4: 7.6% FCF margin (TTM), FY25 Q1: 5.1% FCF margin (TTM), FY25 Q2: 8.6% FCF margin (TTM), FY25 Q3: 13.4% FCF margin (TTM), FY25 Q4: 9.2% FCF margin (TTM), FY26 Q1: 9.4% FCF margin (TTM), FY26 Q2: 8.9% FCF margin (TTM), FY26 Q3: 3.3% 3.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 6.0%
FY24 Q1 6.7%
FY24 Q2 5.8%
FY24 Q3 7.7%
FY24 Q4 7.6%
FY25 Q1 5.1%
FY25 Q2 8.6%
FY25 Q3 13.4%
FY25 Q4 9.2%
FY26 Q1 9.4%
FY26 Q2 8.9%
FY26 Q3 3.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Flowserve took in during FY2025, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $4.7B
  2. Other income $102M · 2.2%
  3. Cost of revenue $3.1B · 66.6%
  4. Gross profit $1.6B · 33.4%
  5. Research and development $54.1M · 1.1%
  6. Selling, general and admin $1.1B · 22.5%
  7. Other operating costs $65.3M · 1.4%
  8. Operating income $400M · 8.5%
  9. Income tax $156M · 3.3%
  10. Net income $346M · 7.3%

Shares of revenue. Source: Flowserve's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained. Other income is income outside operations, such as investment gains.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 4,365 4,032 4,510 4,751 4,955 4,878 4,558 3,990 3,661 3,836 3,940 3,728 3,541 3,615 4,321 4,558 4,729 4,697
Gross profit 1,548 1,410 1,514 1,581 1,688 1,710 1,478 1,237 1,089 1,191 1,289 1,117 1,050 994 1,277 1,434 1,581 1,604
EBITDA 725 686 726 783 867 896 642 393 460 340 493 351 371 288 417 548 495 577
Operating income 630 581 619 676 760 785 515 277 341 228 387 250 271 197 334 462 400 468
Net income 428 388 429 448 486 513 258 132 3 105 239 130 126 189 187 283 346 255
Diluted EPS $2.53 $2.29 $2.55 $2.84 $3.41 $3.72 $1.93 $1.01 $0.02 $0.80 $1.81 $1.00 $0.96 $1.44 $1.42 $2.14 $2.64 $1.98
Growth (year on year)
Revenue −2.4% −7.6% +11.9% +5.3% +4.3% −1.5% −6.6% −12.4% −8.3% +4.8% +2.7% −5.4% −5.0% +2.1% +19.5% +5.5% +3.8% +0.2%
EBITDA +5.5% −5.4% +5.9% +7.8% +10.7% +3.3% −28.3% −38.7% +16.8% −26.0% +44.8% −28.7% +5.6% −22.2% +44.8% +31.3% −9.6% −0.1%
Operating income +2.2% −7.7% +6.4% +9.2% +12.5% +3.3% −34.5% −46.2% +23.3% −33.3% +69.8% −35.3% +8.2% −27.2% +69.1% +38.6% −13.5% −3.1%
Net income −3.3% −9.3% +10.4% +4.6% +8.3% +5.7% −49.7% −48.7% −98.0% — +128.5% −45.4% −3.4% +49.8% −1.0% +51.4% +22.5% −43.7%
Diluted EPS −67.2% −9.4% +11.2% +11.4% +20.1% +9.1% −48.1% −47.7% −98.0% — +126.3% −44.8% −4.0% +50.0% −1.4% +50.7% +23.4% −42.1%
Margins
Gross margin 35.5% 35.0% 33.6% 33.3% 34.1% 35.1% 32.4% 31.0% 29.7% 31.0% 32.7% 30.0% 29.6% 27.5% 29.6% 31.5% 33.4% 34.2%
EBITDA margin 16.6% 17.0% 16.1% 16.5% 17.5% 18.4% 14.1% 9.9% 12.6% 8.9% 12.5% 9.4% 10.5% 8.0% 9.7% 12.0% 10.5% 12.3%
Operating margin 14.4% 14.4% 13.7% 14.2% 15.3% 16.1% 11.3% 6.9% 9.3% 5.9% 9.8% 6.7% 7.6% 5.5% 7.7% 10.1% 8.5% 10.0%
Net margin 9.8% 9.6% 9.5% 9.4% 9.8% 10.5% 5.7% 3.3% 0.1% 2.7% 6.1% 3.5% 3.6% 5.2% 4.3% 6.2% 7.3% 5.4%
Free-cash-flow margin 7.4% 6.3% 2.4% 8.0% 7.0% 9.5% 5.7% 3.8% 6.8% 2.8% 6.3% 6.8% 5.5% −3.2% 6.0% 7.6% 9.2% 3.3%
Cash flow
Cash from operations 431 356 218 517 488 594 441 240 311 191 324 311 250 −40 326 425 506 230
Capital spending 108 102 108 136 139 133 182 90 62 84 76 57 55 76 67 81 71 76
Free cash flow 323 254 110 382 349 462 259 151 249 107 248 253 195 −116 258 344 435 154
Stock-based pay 41 32 32 35 36 43 35 30 23 20 24 27 29 26 28 30 38 43
Free cash flow after stock pay 282 221 78 346 313 419 224 121 227 87 224 226 166 −142 231 314 397 111
Balance sheet
Cash 654 558 337 304 364 450 366 367 703 620 671 1,095 658 435 546 675 760 742
Total debt 567 528 505 929 1,200 1,155 1,631 1,571 — 1,483 1,377 1,727 1,303 1,273 1,234 1,504 1,575 2,057
Net debt (negative = net cash) −88 −30 168 624 836 705 1,265 1,203 −703 863 706 632 644 839 688 829 815 1,315
Diluted shares 169m 169m 168m 158m 142m 138m 134m 131m 131m 131m 132m 131m 131m 131m 132m 132m 131m 128m
Returned to shareholders
Dividends 59 64 70 74 77 85 94 98 99 99 100 104 105 105 105 110 110 110
Buybacks 41 46 150 772 458 247 304 0 0 0 15 32 18 0 0 20 255 132
Total returned 100 110 220 846 535 332 397 98 99 99 115 136 122 105 105 131 364 242

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 6 checks passed · September 30, 2026
What it owns · $6.3bn
Short-term assets $3.1bnLonger-term assets $3.2bn
What it owes, and who funded it · $3.8bn
Short-term liabilities $1.5bnShareholders' equity $2.3bn
  • Short-term assets cover short-term liabilities $3.1bn of assets due within a year against $1.5bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $742m of cash against $2.1bn of debt.
  • Debt below 40% of shareholders' equity Debt is 89% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 71% to 89% over five years.
  • A year's operating cash flow covers at least 20% of debt $230m of operating cash flow against $2.1bn of debt.
  • Operating profit covers interest at least five times over Operating income of $468m against $92m of interest.

From Flowserve Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$132M
Dividends (TTM)
$110M
Returned to shareholders
157%
of free cash flow
Buybacks, last 3 fiscal years
$275M
Diluted share count
−2.8%
year over year
Total shareholder yield
2.4%
dividends 1.1% + buybacks 1.3% of market value
Dividend payout ratio
43%
of net income paid out
Sales & admin spending
22.6%
of revenue
Days sales outstanding
84 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in industrial machinery & supplies & components
Last 12 months unless stated FLS ITT LECO TKR MLI FTV Median
Revenue, last 12 months $4.7bn $4.7bn $4.6bn $4.8bn $5.0bn $4.4bn $1.4bn
Revenue growth, last 12 months 0.2% 28.1% 11.1% 5.5% 20.8% 7.0% 8.3%
Revenue growth, 3-year average 3.8% 14.5% 4.5% 0.0% 11.9% −9.9% 4.0%
Revenue growth, latest quarter 5.4% 51.5% 15.1% 7.5% 31.6% 7.8% 9.1%
Gross margin 34.2% 35.2% 35.5% 30.8% 27.7% 63.5% 35.2%
Operating margin 10.0% 14.4% 17.3% 10.5% 21.5% 19.6% 13.1%
Operating margin, 3-year average 10.0% 16.6% 16.9% 12.1% 21.7% 15.8% 13.7%
Net margin 5.4% 8.9% 12.4% 5.4% 17.3% 14.8% 8.9%
Cash from operations / revenue 4.9% 13.4% 14.4% 11.2% 15.4% 27.3% 11.9%
Free-cash-flow margin 3.3% 10.8% 11.0% 8.1% 13.8% 24.7% 8.8%
Free-cash-flow margin, 3-year average 8.1% 12.2% 12.3% 7.3% 15.8% 36.2% 9.8%
Stock pay / revenue 0.9% 0.9% 0.5% 0.6% 0.6% 2.0% 0.8%
Change in share count −2.8% 3.4% −1.8% −0.4% −1.5% −9.1% −0.0%

Median of all 76 companies we cover in industrial machinery & supplies & components. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

76 industrial machinery & supplies & components companies
Measure Company Peer median Rank
Revenue growth Growth 0.2% 8.3% 66 of 75
Change in growth rate Growth +0.5pp +1.2pp 48 of 75
Gross margin Profitability 34.2% 35.4% 40 of 70
Operating margin Profitability 10.0% 13.0% 46 of 75
Net margin Profitability 5.4% 8.9% 47 of 76
Free-cash-flow margin Cash generation 3.3% 9.1% 52 of 76
Stock pay as % of revenue Cash generation 0.9% 0.8% 42 of 70
Long-term debt as % of assets Balance sheet 32.2% 23.4% 47 of 59
Change in share count Balance sheet -2.8% -0.0% 7 of 73
Days sales outstanding Balance sheet 84 days 63 days 55 of 65

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
FPD $3.2B 68.3% ▲ 2.4%
FCD $1.5B 31.7% ▲ 6.8%
Products and services
Line of business Revenue Share YoY
Aftermarket Equipment $2.5B 53.1% ▲ 7.3%
Original Equipment $2.2B 46.9% ▲ 0.1%
Geography
Region Revenue YoY
North America $2B ▲ 8.4%
United States $2B ▲ 7.8%
EMEA $1.6B ▲ 2.1%
Middle East and Africa $836M ▲ 9.1%
Europe $834M 0.0%
Asia Pacific $745M ▼ 5.6%
Asia and Australia $723M ▲ 6.8%
Other Segment Geographic Area $424M ▼ 10.4%
Latin America $317M ▼ 2.8%

These categories overlap or exclude eliminations, so shares aren't shown.

From Flowserve Corp's 10-K filed February 17, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$10.6B
Institutions reporting
584
Shares held vs prior quarter
▲ 14.6%
Positions opened / closed
85 / 122

Top buyers and sellers, Q2 2026: 289 institutions bought and 325 sold ; the biggest buyer was Fil Ltd (+4.2M shares) and the biggest seller FMR LLC (−2.4M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $1000M 13.5M 9.4% ▲ 2.3%
Vanguard Portfolio Management LLC $462M 6.2M 4.4% ▲ 0.6%
Vanguard Capital Management LLC $428M 5.8M 4.0% ▲ 1.1%
UBS Group AG $419M 5.6M 3.9% ▲ 17.8%
D1 Capital Partners L.P. $368M 5.0M 3.5% ▼ 15.4%
State Street Corp $310M 4.2M 2.9% ▲ 1.1%
Fil Ltd $309M 4.2M 2.9% New
Nuveen, LLC $253M 3.4M 2.4% ▲ 14.1%
Earnest Partners LLC $252M 3.4M 2.4% ▲ 24.5%
Beutel, Goodman & Co Ltd. $246M 3.3M 2.3% ▲ 65.0%
Massachusetts Financial Services Co $227M 3.0M 2.1% ▼ 17.0%
Jpmorgan Chase & Co $224M 3.1M 2.1% ▲ 44.9%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Flowserve Corp's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $231,615 2 trades by 2 insiders, last 12 months Insider sales History → $20.2M 8 trades by 6 insiders · 0% under pre-set plans
Net ▼ $19.9M net selling
Insider Date Trade Shares Price Value
Mcmurray Michael C. Director May 18, 2026 Buy 2,500 $65.71 $164,275
Savoy Brian D Director May 14, 2026 Buy 1,000 $67.34 $67,340
Siegel Kenneth I Director February 17, 2026 Sell 3,229 $89.50 $288,996
Mcmurray Michael C. Director February 17, 2026 Sell 7,663 $89.96 $689,363
Rowe Robert Scott President & CEO December 2, 2025 Sell 2,517 $70.92 $178,506
Rowe Robert Scott President & CEO December 2, 2025 Sell 114,943 $70.54 $8.1M
Rowe Robert Scott President & CEO December 2, 2025 Sell 95,223 $70.39 $6.7M
Duhon Lamar L. President, FPD November 11, 2025 Sell 1,609 $69.51 $111,842
Hudson Susan Claire Chief Legal Officer November 4, 2025 Sell 10,667 $70.01 $746,797
Schwetz Amy B Chief Financial Officer November 4, 2025 Sell 47,000 $71.02 $3.3M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 4 trades and filings

No trades in Flowserve Corp disclosed in the last 12 months; 4 earlier trades on record.

  • Dean Phillips(D-MN 3):Purchase, $1,001 - $15,000, traded May 13, 2020, filed June 15, 2020
  • Dean Phillips(D-MN 3):Purchase, $1,001 - $15,000, traded April 2, 2020, filed May 7, 2020
  • Suzan K. DelBene(D-WA 1):Sale (full), $15,001 - $50,000, traded June 9, 2016, filed July 13, 2016

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around February 4, 2027 estimated from the company's past filing pattern, not announced

  • October 28, 2026
  • July 29, 2026
  • April 29, 2026
  • February 5, 2026
  • October 28, 2025
  • July 29, 2025

Recent SEC filings

Data status

When each part of this page on Flowserve Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Flowserve Corp in brief

What does Flowserve Corp do?
Flowserve Corp is a US-listed company in the industrial machinery & supplies & components industry. Its financial year ends in December.
What is Flowserve Corp's stock ticker?
Flowserve Corp trades under the ticker FLS on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Flowserve Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Flowserve Corp reported revenue of $4.7B, 0.2% higher than a year earlier, according to its SEC filings.
What is Flowserve Corp's free cash flow?
Flowserve Corp's free-cash-flow margin is 3.3% of revenue over the trailing twelve months, ranking 52 of the 76 industrial machinery & supplies & components companies we cover.
What is Flowserve Corp's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Flowserve Corp's free cash flow after stock-based pay gives ~$47 per share in the base case, and ~$32–$66 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Flowserve Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Portfolio Management LLC and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Flowserve Corp buying back stock, and does it pay a dividend?
Flowserve Corp spent $132M on share repurchases over the trailing twelve months, and its diluted share count fell 2.8% over the year.
What is Flowserve Corp's market cap?
On November 2, 2026, Flowserve Corp's market capitalisation was about $10.3B, with a price-to-earnings ratio of 40.4 and net debt of $1.3B. Market figures come from third-party market data and may be delayed.
Does Flowserve Corp pay a dividend?
Yes: Flowserve Corp paid $110M in dividends over the trailing twelve months, a dividend yield of 1.07% and a payout ratio of 43.1%.
How much debt does Flowserve Corp have?
Flowserve Corp's debt-to-equity ratio is 89.0%, from its latest balance sheet (71.3% five years earlier). The financial health section below sets out its other solvency checks.
Who are Flowserve Corp's competitors?
In our Industrial Machinery & Supplies & Components peer group, the companies closest to Flowserve Corp are ITT Inc., Lincoln Electric Holdings Inc, Timken Co, Mueller Industries Inc and Fortive. The side-by-side comparison below sets their revenue, margins and growth against Flowserve Corp's.
Are insiders buying or selling Flowserve Corp stock?
Over the last 12 months, Flowserve Corp's directors and officers reported 2 open-market purchases and 8 sales on Form 4. The insider trading page charts every trade.
When is Flowserve Corp's next earnings date?
Around February 4, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Flowserve Corp announces its own schedule.