Tearsheet

Flowserve (FLS)


Market Price (3/15/2026): $74.27 | Market Cap: $9.5 Bil
Sector: Industrials | Industry: Industrial Machinery & Supplies & Components

Flowserve (FLS)


Market Price (3/15/2026): $74.27
Market Cap: $9.5 Bil
Sector: Industrials
Industry: Industrial Machinery & Supplies & Components

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11%
 
1 Low stock price volatility
Vol 12M is 48%
 
2 Megatrend and thematic drivers
Megatrends include Water Infrastructure, and Sustainable Infrastructure. Themes include Water Treatment & Delivery, Wastewater Management, Show more.
 
0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11%
1 Low stock price volatility
Vol 12M is 48%
2 Megatrend and thematic drivers
Megatrends include Water Infrastructure, and Sustainable Infrastructure. Themes include Water Treatment & Delivery, Wastewater Management, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Flowserve (FLS) stock has gained about 5% since 11/30/2025 because of the following key factors:

1. Flowserve reported stronger-than-expected Q4 2025 adjusted earnings per share (EPS) and provided an optimistic outlook for 2026. The company's adjusted EPS of $1.11 significantly surpassed the consensus forecast of $0.94, representing an 18.09% beat. Following this announcement on February 5, 2026, the stock surged by 8.08%. Furthermore, Flowserve initiated a full-year 2026 guidance projecting total sales growth of 5% to 7% and adjusted EPS of $4.00 to $4.20, with the midpoint indicating a 13% increase over full-year 2025 adjusted EPS.

2. The company demonstrated robust bookings, particularly in aftermarket services and strategic sectors like nuclear power. Flowserve's fourth-quarter 2025 bookings reached $1.2 billion, which included a 10% growth in aftermarket services to over $680 million. For the full year 2025, bookings totaled $4.7 billion, with approximately $400 million attributed to nuclear awards. Management highlighted strong aftermarket sales, which typically carry higher margins, in energy, power, and industrial markets. The Flowserve Pumps Division alone saw an 8% increase in bookings, driven by a 12% rise in aftermarket growth.

Show more

Stock Movement Drivers

Fundamental Drivers

The 4.4% change in FLS stock from 11/30/2025 to 3/14/2026 was primarily driven by a 33.4% change in the company's P/E Multiple.
(LTM values as of)113020253142026Change
Stock Price ($)71.1474.294.4%
Change Contribution By: 
Total Revenues ($ Mil)4,6874,7290.9%
Net Income Margin (%)9.7%7.3%-24.2%
P/E Multiple20.527.333.4%
Shares Outstanding (Mil)1301272.4%
Cumulative Contribution4.4%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 3/14/2026
ReturnCorrelation
FLS4.4% 
Market (SPY)-3.1%67.2%
Sector (XLI)7.1%68.1%

Fundamental Drivers

The 39.4% change in FLS stock from 8/31/2025 to 3/14/2026 was primarily driven by a 16.7% change in the company's Net Income Margin (%).
(LTM values as of)83120253142026Change
Stock Price ($)53.2974.2939.4%
Change Contribution By: 
Total Revenues ($ Mil)4,6464,7291.8%
Net Income Margin (%)6.3%7.3%16.7%
P/E Multiple23.927.314.2%
Shares Outstanding (Mil)1311272.8%
Cumulative Contribution39.4%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 3/14/2026
ReturnCorrelation
FLS39.4% 
Market (SPY)3.0%37.2%
Sector (XLI)8.8%40.1%

Fundamental Drivers

The 37.0% change in FLS stock from 2/28/2025 to 3/14/2026 was primarily driven by a 18.0% change in the company's Net Income Margin (%).
(LTM values as of)22820253142026Change
Stock Price ($)54.2274.2937.0%
Change Contribution By: 
Total Revenues ($ Mil)4,5584,7293.8%
Net Income Margin (%)6.2%7.3%18.0%
P/E Multiple25.227.38.4%
Shares Outstanding (Mil)1311273.2%
Cumulative Contribution37.0%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2025 to 3/14/2026
ReturnCorrelation
FLS37.0% 
Market (SPY)12.4%60.6%
Sector (XLI)22.0%61.4%

Fundamental Drivers

The 125.9% change in FLS stock from 2/28/2023 to 3/14/2026 was primarily driven by a 204.4% change in the company's Net Income Margin (%).
(LTM values as of)22820233142026Change
Stock Price ($)32.8874.29125.9%
Change Contribution By: 
Total Revenues ($ Mil)3,4964,72935.3%
Net Income Margin (%)2.4%7.3%204.4%
P/E Multiple51.127.3-46.6%
Shares Outstanding (Mil)1311272.7%
Cumulative Contribution125.9%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2023 to 3/14/2026
ReturnCorrelation
FLS125.9% 
Market (SPY)73.4%57.5%
Sector (XLI)70.2%65.4%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
FLS Return-15%3%37%42%22%14%137%
Peers Return28%-7%35%27%16%6%154%
S&P 500 Return27%-19%24%23%16%-1%80%

Monthly Win Rates [3]
FLS Win Rate50%42%67%67%50%67% 
Peers Win Rate63%30%53%55%58%60% 
S&P 500 Win Rate75%42%67%75%67%33% 

Max Drawdowns [4]
FLS Max Drawdown-20%-19%-2%-4%-31%0% 
Peers Max Drawdown-5%-23%-12%-4%-20%-1% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-2% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: ITT, CR, PH, EMR, IR. See FLS Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/13/2026 (YTD)

How Low Can It Go

Unique KeyEventFLSS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-45.2%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven82.3%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven530 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-62.0%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven163.4%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven1,576 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-36.0%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven56.1%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven2,144 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-73.2%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven272.8%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven1,477 days1,480 days

Compare to ITT, CR, PH, EMR, IR

In The Past

Flowserve's stock fell -45.2% during the 2022 Inflation Shock from a high on 6/8/2021. A -45.2% loss requires a 82.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Flowserve (FLS)

Flowserve Corporation designs, develops, manufactures, distributes, and services industrial flow management equipment in the United States, Europe, the Middle East, Africa, Asia, and internationally. It operates in two segments, Flowserve Pump Division (FPD) and Flow Control Division (FCD). The FPD segment offers custom and pre-configured pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, upgrades, and related aftermarket services, including installation and commissioning services, seal systems spare parts, repairs, advanced diagnostics, re-rate and upgrade solutions, retrofit programs, and machining and asset management solutions, as well as manufactures a gas-lubricated mechanical seal for use in high-speed compressors for gas pipelines. The FCD segment provides engineered and industrial valve and automation solutions, including isolation and control valves, actuation, controls, and related equipment, as well as equipment maintenance services for flow control systems, including advanced diagnostics, repair, installation, commissioning, retrofit programs, and field machining capabilities. This segment's products are used to control, direct, and manage the flow of liquids, gases, and fluids. The company primarily serves oil and gas, chemical and pharmaceuticals, power generation, and water management markets, as well as general industries, including mining and ore processing, pulp and paper, food and beverage, and other smaller applications. The company distributes its products through direct sales, distributors, and sales representatives. Flowserve Corporation was incorporated in 1912 and is headquartered in Irving, Texas.

AI Analysis | Feedback

Emerson Electric for industrial fluid control. Flowserve is a major provider of industrial equipment, specializing in the pumps, valves, and seals essential for managing the flow of liquids, gases, and fluids in heavy industries.

Rolls-Royce for industrial process components. Like Rolls-Royce creating high-precision jet engines, Flowserve engineers and manufactures the critical pumps, valves, and seals that are the 'hearts and arteries' of industrial operations like power plants and refineries.

Caterpillar for fluid-handling machinery. Just as Caterpillar provides heavy machinery for earthmoving, Flowserve supplies the heavy-duty, specialized pumps and valves that manage the movement of liquids and gases in large-scale industrial settings.

AI Analysis | Feedback

```html
  • Pumps and Pump Systems: Custom and pre-configured industrial equipment designed for moving liquids, gases, and fluids.
  • Mechanical Seals: Components that prevent leakage in industrial pumps and high-speed compressors.
  • Valves and Automation Solutions: Engineered and industrial solutions, including isolation and control valves, actuation, and controls, to manage fluid flow.
  • Installation and Commissioning Services: Professional services for setting up and starting new industrial flow management equipment.
  • Repair and Maintenance Services: Comprehensive services for existing pumps, seals, and valves, including advanced diagnostics, field machining, and replacement parts.
  • Upgrades and Retrofit Programs: Solutions provided to enhance, modernize, or re-rate existing industrial flow management equipment.
  • Asset Management Solutions: Services designed to optimize the performance, reliability, and lifecycle of industrial flow management assets.
```

AI Analysis | Feedback

Flowserve (FLS) sells its industrial flow management equipment and services primarily to other companies (B2B).

Based on the provided company description, specific names of major customer companies are not listed. Instead, Flowserve serves a wide range of companies operating within the following major industries:

  • Oil and Gas companies
  • Chemical and Pharmaceutical companies
  • Power Generation companies
  • Water Management companies
  • General industrial companies, including those in mining and ore processing, pulp and paper, and food and beverage sectors.

AI Analysis | Feedback

null

AI Analysis | Feedback

null

AI Analysis | Feedback

null

AI Analysis | Feedback

The global energy transition and decarbonization efforts pose a clear emerging threat to Flowserve. As a primary supplier to the oil and gas sector and traditional power generation markets, a significant long-term shift away from fossil fuels could lead to a structural decline in demand for Flowserve's equipment and services specifically tailored to these industries. While Flowserve may pivot to support new energy infrastructure, the pace and scale of this transition represent a risk to its established revenue streams in its core markets.

AI Analysis | Feedback

null

AI Analysis | Feedback

null

AI Analysis | Feedback

null

Better Bets vs. Flowserve (FLS)

Latest Trefis Analyses

Trade Ideas

Select ideas related to FLS.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
EFX_2272026_Monopoly_xInd_xCD_Getting_Cheaper02272026EFXEquifaxMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
0.0%0.0%0.0%
LZ_2202026_Dip_Buyer_High_CFO_Margins_ExInd_DE02202026LZLegalZoom.comDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
7.2%7.2%-5.0%
ADP_2132026_Dip_Buyer_ValueBuy02132026ADPAutomatic Data ProcessingDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
1.1%1.1%-3.0%
TREX_2132026_Dip_Buyer_ValueBuy02132026TREXTrexDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-3.2%-3.2%-5.9%
PCTY_2132026_Dip_Buyer_High_CFO_Margins_ExInd_DE02132026PCTYPaylocityDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
-0.6%-0.6%-4.8%
FLS_3312020_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG03312020FLSFlowserveDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
14.3%66.5%-7.1%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

FLSITTCRPHEMRIRMedian
NameFlowserveITT Crane Parker H.Emerson .Ingersol. 
Mkt Price74.29187.76171.22889.86132.2482.13151.73
Mkt Cap9.514.99.8112.374.332.323.6
Rev LTM4,7293,9382,30520,46118,1867,6516,190
Op Inc LTM5196844244,2933,6131,5101,097
FCF LTM4355473413,3392,5751,220884
FCF 3Y Avg3464722293,1652,0321,247859
CFO LTM5066683953,7413,0201,3561,012
CFO 3Y Avg4195892723,5692,4491,377983

Growth & Margins

FLSITTCRPHEMRIRMedian
NameFlowserveITT Crane Parker H.Emerson .Ingersol. 
Rev Chg LTM3.8%8.5%8.2%2.8%3.6%5.7%4.8%
Rev Chg 3Y Avg9.6%9.7%3.6%6.2%9.1%9.1%9.1%
Rev Chg Q3.5%13.5%6.8%9.1%4.1%10.1%7.9%
QoQ Delta Rev Chg LTM0.9%3.3%1.6%2.2%0.9%2.6%1.9%
Op Mgn LTM11.0%17.4%18.4%21.0%19.9%19.7%19.1%
Op Mgn 3Y Avg9.4%17.1%16.2%19.7%18.0%19.3%17.6%
QoQ Delta Op Mgn LTM1.1%-0.1%0.4%0.3%0.3%-0.1%0.3%
CFO/Rev LTM10.7%17.0%17.1%18.3%16.6%17.7%17.0%
CFO/Rev 3Y Avg9.2%16.3%12.6%17.8%13.9%19.0%15.1%
FCF/Rev LTM9.2%13.9%14.8%16.3%14.2%15.9%14.5%
FCF/Rev 3Y Avg7.6%13.0%10.6%15.8%11.5%17.2%12.2%

Valuation

FLSITTCRPHEMRIRMedian
NameFlowserveITT Crane Parker H.Emerson .Ingersol. 
Mkt Cap9.514.99.8112.374.332.323.6
P/S2.03.84.35.54.14.24.2
P/EBIT15.721.322.224.621.427.121.8
P/E27.330.526.931.732.155.531.1
P/CFO18.722.324.930.024.623.824.2
Total Yield4.2%4.0%4.3%3.9%3.5%1.9%4.0%
Dividend Yield0.6%0.7%0.5%0.8%0.4%0.1%0.6%
FCF Yield 3Y Avg4.8%4.0%2.5%4.0%2.8%3.8%3.9%
D/E0.20.10.10.10.20.20.1
Net D/E0.1-0.10.10.10.20.10.1

Returns

FLSITTCRPHEMRIRMedian
NameFlowserveITT Crane Parker H.Emerson .Ingersol. 
1M Rtn-14.6%-5.5%-14.3%-9.4%-8.8%-12.8%-11.1%
3M Rtn4.2%8.2%-10.6%0.8%-2.8%0.5%0.6%
6M Rtn33.0%6.2%-6.2%17.7%-1.3%4.3%5.2%
12M Rtn53.9%40.3%10.8%47.7%20.1%0.4%30.2%
3Y Rtn150.0%141.4%68.8%193.7%73.9%55.6%107.6%
1M Excs Rtn-11.8%-4.4%-12.2%-8.3%-12.1%-12.7%-11.9%
3M Excs Rtn3.1%11.1%-8.3%1.9%-1.5%3.1%2.5%
6M Excs Rtn29.2%2.8%-10.8%13.2%-5.9%-1.4%0.7%
12M Excs Rtn34.2%22.0%-9.5%25.5%0.3%-20.1%11.2%
3Y Excs Rtn60.8%41.1%-0.9%84.2%-6.2%-31.2%20.1%

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Flowserve Pumps Division (FPD)3,1593,0642,5182,4682,674
Flow Control Division (FCD)1,4091,2661,0971,0731,054
Eliminations and All Other-10-100  
Total4,5584,3213,6153,5413,728


Operating Income by Segment
$ Mil20252024202320222021
Flowserve Pumps Division (FPD)480 208243271
Flow Control Division (FCD)158 113120126
Eliminations and all other cost of sales3    
Loss on divestiture of asbestos-related assets and liabilities (a)0    
Net earnings (loss) from affiliates-0    
Intersegment sales-10    
Eliminations and all other SG&A-169    
Eliminations and All Other  -124-92-146
Total462 197271250


Assets by Segment
$ Mil20252024202320222021
Flowserve Pumps Division (FPD)3,0433,1923,1112,9273,039
Flow Control Division (FCD)1,7391,3341,2701,2231,308
Eliminations and All Other719583410599967
Total5,5015,1094,7914,7505,315


Price Behavior

Price Behavior
Market Price$74.29 
Market Cap ($ Bil)9.5 
First Trading Date03/26/1990 
Distance from 52W High-19.3% 
   50 Days200 Days
DMA Price$80.36$63.04
DMA Trendupup
Distance from DMA-7.5%17.8%
 3M1YR
Volatility32.6%48.4%
Downside Capture143.10163.97
Upside Capture197.07180.45
Correlation (SPY)67.4%59.6%
FLS Betas & Captures as of 2/28/2026

 1M2M3M6M1Y3Y
Beta1.781.571.601.461.501.33
Up Beta3.893.323.190.231.221.21
Down Beta0.380.600.861.411.651.41
Up Capture289%277%242%313%293%309%
Bmk +ve Days9203170142431
Stock +ve Days12233464128409
Down Capture30%48%82%118%129%107%
Bmk -ve Days12213054109320
Stock -ve Days8172659122338

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with FLS
FLS55.5%48.3%1.05-
Sector ETF (XLI)28.0%19.2%1.1661.3%
Equity (SPY)19.6%18.9%0.8159.7%
Gold (GLD)71.9%26.3%2.05-0.0%
Commodities (DBC)19.3%17.3%0.8923.7%
Real Estate (VNQ)6.2%16.3%0.1930.3%
Bitcoin (BTCUSD)-15.3%44.2%-0.2523.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with FLS
FLS14.8%34.6%0.47-
Sector ETF (XLI)13.4%17.1%0.6266.4%
Equity (SPY)13.1%17.0%0.6157.4%
Gold (GLD)24.1%17.3%1.1410.9%
Commodities (DBC)11.2%19.0%0.4728.7%
Real Estate (VNQ)4.8%18.8%0.1640.3%
Bitcoin (BTCUSD)6.3%56.7%0.3320.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with FLS
FLS7.5%37.0%0.31-
Sector ETF (XLI)13.8%19.8%0.6171.4%
Equity (SPY)14.5%17.9%0.7061.1%
Gold (GLD)14.4%15.6%0.772.4%
Commodities (DBC)8.6%17.6%0.4036.6%
Real Estate (VNQ)5.6%20.7%0.2345.0%
Bitcoin (BTCUSD)67.4%66.8%1.0714.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date2272026
Short Interest: Shares Quantity3.2 Mil
Short Interest: % Change Since 2152026-11.6%
Average Daily Volume1.4 Mil
Days-to-Cover Short Interest2.2 days
Basic Shares Quantity127.3 Mil
Short % of Basic Shares2.5%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
2/5/20268.2%10.2%-2.4%
10/28/202530.9%32.0%34.0%
7/29/20252.4%-2.0%-1.0%
4/29/20250.8%3.9%12.6%
2/18/2025-6.5%-13.5%-18.7%
10/28/20242.3%1.5%15.8%
7/29/2024-3.3%-12.6%-3.5%
2/20/20240.8%0.9%6.7%
...
SUMMARY STATS   
# Positive111212
# Negative1099
Median Positive3.6%4.9%9.0%
Median Negative-6.1%-5.6%-4.4%
Max Positive30.9%32.0%34.0%
Max Negative-9.4%-16.2%-18.7%

SEC Filings

Expand for More
Report DateFiling DateFiling
12/31/202502/17/202610-K
09/30/202510/28/202510-Q
06/30/202507/30/202510-Q
03/31/202504/29/202510-Q
12/31/202402/26/202510-K
09/30/202410/28/202410-Q
06/30/202407/29/202410-Q
03/31/202404/29/202410-Q
12/31/202302/20/202410-K
09/30/202310/25/202310-Q
06/30/202308/01/202310-Q
03/31/202305/01/202310-Q
12/31/202203/07/202310-K
09/30/202210/31/202210-Q
06/30/202207/27/202210-Q
03/31/202205/02/202210-Q

Insider Activity

Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Rowe, Robert ScottPresident & CEODirectSell1203202570.48212,68314,989,33224,429,560Form
2Duhon, Lamar LPresident, FPDDirectSell1112202569.511,609111,8421,050,713Form
3Schwetz, Amy BChief Financial OfficerDirectSell1105202571.0247,0003,337,9403,737,641Form
4Hudson, Susan ClaireChief Legal OfficerDirectSell1105202570.0110,667746,797461,296Form
5Wilson, KirkPresident, FCDDirectSell812202553.2210,000532,2001,979,571Form