Flowserve (FLS)
Market Price (3/15/2026): $74.27 | Market Cap: $9.5 BilSector: Industrials | Industry: Industrial Machinery & Supplies & Components
Flowserve (FLS)
Market Price (3/15/2026): $74.27Market Cap: $9.5 BilSector: IndustrialsIndustry: Industrial Machinery & Supplies & Components
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11% | |
| Low stock price volatilityVol 12M is 48% | |
| Megatrend and thematic driversMegatrends include Water Infrastructure, and Sustainable Infrastructure. Themes include Water Treatment & Delivery, Wastewater Management, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11% |
| Low stock price volatilityVol 12M is 48% |
| Megatrend and thematic driversMegatrends include Water Infrastructure, and Sustainable Infrastructure. Themes include Water Treatment & Delivery, Wastewater Management, Show more. |
Qualitative Assessment
AI Analysis | Feedback
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 $400 million attributed to nuclear awards. Management highlighted strong aftermarket sales, which typically carry higher margins, in energy, power, and industrial markets. The Flowserve Pumps Division alone saw an 8% increase in bookings, driven by a 12% rise in aftermarket growth.
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Stock Movement Drivers
Fundamental Drivers
The 4.4% change in FLS stock from 11/30/2025 to 3/14/2026 was primarily driven by a 33.4% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 3142026 | Change |
|---|---|---|---|
| Stock Price ($) | 71.14 | 74.29 | 4.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,687 | 4,729 | 0.9% |
| Net Income Margin (%) | 9.7% | 7.3% | -24.2% |
| P/E Multiple | 20.5 | 27.3 | 33.4% |
| Shares Outstanding (Mil) | 130 | 127 | 2.4% |
| Cumulative Contribution | 4.4% |
Market Drivers
11/30/2025 to 3/14/2026| Return | Correlation | |
|---|---|---|
| FLS | 4.4% | |
| 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) | 8312025 | 3142026 | Change |
|---|---|---|---|
| Stock Price ($) | 53.29 | 74.29 | 39.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,646 | 4,729 | 1.8% |
| Net Income Margin (%) | 6.3% | 7.3% | 16.7% |
| P/E Multiple | 23.9 | 27.3 | 14.2% |
| Shares Outstanding (Mil) | 131 | 127 | 2.8% |
| Cumulative Contribution | 39.4% |
Market Drivers
8/31/2025 to 3/14/2026| Return | Correlation | |
|---|---|---|
| FLS | 39.4% | |
| 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) | 2282025 | 3142026 | Change |
|---|---|---|---|
| Stock Price ($) | 54.22 | 74.29 | 37.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,558 | 4,729 | 3.8% |
| Net Income Margin (%) | 6.2% | 7.3% | 18.0% |
| P/E Multiple | 25.2 | 27.3 | 8.4% |
| Shares Outstanding (Mil) | 131 | 127 | 3.2% |
| Cumulative Contribution | 37.0% |
Market Drivers
2/28/2025 to 3/14/2026| Return | Correlation | |
|---|---|---|
| FLS | 37.0% | |
| 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) | 2282023 | 3142026 | Change |
|---|---|---|---|
| Stock Price ($) | 32.88 | 74.29 | 125.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,496 | 4,729 | 35.3% |
| Net Income Margin (%) | 2.4% | 7.3% | 204.4% |
| P/E Multiple | 51.1 | 27.3 | -46.6% |
| Shares Outstanding (Mil) | 131 | 127 | 2.7% |
| Cumulative Contribution | 125.9% |
Market Drivers
2/28/2023 to 3/14/2026| Return | Correlation | |
|---|---|---|
| FLS | 125.9% | |
| Market (SPY) | 73.4% | 57.5% |
| Sector (XLI) | 70.2% | 65.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| FLS Return | -15% | 3% | 37% | 42% | 22% | 14% | 137% |
| Peers Return | 28% | -7% | 35% | 27% | 16% | 6% | 154% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -1% | 80% |
Monthly Win Rates [3] | |||||||
| FLS Win Rate | 50% | 42% | 67% | 67% | 50% | 67% | |
| Peers Win Rate | 63% | 30% | 53% | 55% | 58% | 60% | |
| S&P 500 Win Rate | 75% | 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
| Event | FLS | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -45.2% | -25.4% |
| % Gain to Breakeven | 82.3% | 34.1% |
| Time to Breakeven | 530 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -62.0% | -33.9% |
| % Gain to Breakeven | 163.4% | 51.3% |
| Time to Breakeven | 1,576 days | 148 days |
| 2018 Correction | ||
| % Loss | -36.0% | -19.8% |
| % Gain to Breakeven | 56.1% | 24.7% |
| Time to Breakeven | 2,144 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -73.2% | -56.8% |
| % Gain to Breakeven | 272.8% | 131.3% |
| Time to Breakeven | 1,477 days | 1,480 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.
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About Flowserve (FLS)
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
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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.
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Trade Ideas
Select ideas related to FLS.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 02272026 | EFX | Equifax | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.0% | 0.0% | 0.0% |
| 02202026 | LZ | LegalZoom.com | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 7.2% | 7.2% | -5.0% |
| 02132026 | ADP | Automatic Data Processing | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 1.1% | 1.1% | -3.0% |
| 02132026 | TREX | Trex | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -3.2% | -3.2% | -5.9% |
| 02132026 | PCTY | Paylocity | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | -0.6% | -0.6% | -4.8% |
| 03312020 | FLS | Flowserve | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 14.3% | 66.5% | -7.1% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 151.73 |
| Mkt Cap | 23.6 |
| Rev LTM | 6,190 |
| Op Inc LTM | 1,097 |
| FCF LTM | 884 |
| FCF 3Y Avg | 859 |
| CFO LTM | 1,012 |
| CFO 3Y Avg | 983 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 4.8% |
| Rev Chg 3Y Avg | 9.1% |
| Rev Chg Q | 7.9% |
| QoQ Delta Rev Chg LTM | 1.9% |
| Op Mgn LTM | 19.1% |
| Op Mgn 3Y Avg | 17.6% |
| QoQ Delta Op Mgn LTM | 0.3% |
| CFO/Rev LTM | 17.0% |
| CFO/Rev 3Y Avg | 15.1% |
| FCF/Rev LTM | 14.5% |
| FCF/Rev 3Y Avg | 12.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 23.6 |
| P/S | 4.2 |
| P/EBIT | 21.8 |
| P/E | 31.1 |
| P/CFO | 24.2 |
| Total Yield | 4.0% |
| Dividend Yield | 0.6% |
| FCF Yield 3Y Avg | 3.9% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -11.1% |
| 3M Rtn | 0.6% |
| 6M Rtn | 5.2% |
| 12M Rtn | 30.2% |
| 3Y Rtn | 107.6% |
| 1M Excs Rtn | -11.9% |
| 3M Excs Rtn | 2.5% |
| 6M Excs Rtn | 0.7% |
| 12M Excs Rtn | 11.2% |
| 3Y Excs Rtn | 20.1% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Flowserve Pumps Division (FPD) | 3,159 | 3,064 | 2,518 | 2,468 | 2,674 |
| Flow Control Division (FCD) | 1,409 | 1,266 | 1,097 | 1,073 | 1,054 |
| Eliminations and All Other | -10 | -10 | 0 | ||
| Total | 4,558 | 4,321 | 3,615 | 3,541 | 3,728 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Flowserve Pumps Division (FPD) | 480 | 208 | 243 | 271 | |
| Flow Control Division (FCD) | 158 | 113 | 120 | 126 | |
| Eliminations and all other cost of sales | 3 | ||||
| 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 | ||
| Total | 462 | 197 | 271 | 250 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Flowserve Pumps Division (FPD) | 3,043 | 3,192 | 3,111 | 2,927 | 3,039 |
| Flow Control Division (FCD) | 1,739 | 1,334 | 1,270 | 1,223 | 1,308 |
| Eliminations and All Other | 719 | 583 | 410 | 599 | 967 |
| Total | 5,501 | 5,109 | 4,791 | 4,750 | 5,315 |
Price Behavior
| Market Price | $74.29 | |
| Market Cap ($ Bil) | 9.5 | |
| First Trading Date | 03/26/1990 | |
| Distance from 52W High | -19.3% | |
| 50 Days | 200 Days | |
| DMA Price | $80.36 | $63.04 |
| DMA Trend | up | up |
| Distance from DMA | -7.5% | 17.8% |
| 3M | 1YR | |
| Volatility | 32.6% | 48.4% |
| Downside Capture | 143.10 | 163.97 |
| Upside Capture | 197.07 | 180.45 |
| Correlation (SPY) | 67.4% | 59.6% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.78 | 1.57 | 1.60 | 1.46 | 1.50 | 1.33 |
| Up Beta | 3.89 | 3.32 | 3.19 | 0.23 | 1.22 | 1.21 |
| Down Beta | 0.38 | 0.60 | 0.86 | 1.41 | 1.65 | 1.41 |
| Up Capture | 289% | 277% | 242% | 313% | 293% | 309% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 12 | 23 | 34 | 64 | 128 | 409 |
| Down Capture | 30% | 48% | 82% | 118% | 129% | 107% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 8 | 17 | 26 | 59 | 122 | 338 |
[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 | |
|---|---|---|---|---|
| FLS | 55.5% | 48.3% | 1.05 | - |
| Sector ETF (XLI) | 28.0% | 19.2% | 1.16 | 61.3% |
| Equity (SPY) | 19.6% | 18.9% | 0.81 | 59.7% |
| Gold (GLD) | 71.9% | 26.3% | 2.05 | -0.0% |
| Commodities (DBC) | 19.3% | 17.3% | 0.89 | 23.7% |
| Real Estate (VNQ) | 6.2% | 16.3% | 0.19 | 30.3% |
| Bitcoin (BTCUSD) | -15.3% | 44.2% | -0.25 | 23.1% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FLS | |
|---|---|---|---|---|
| FLS | 14.8% | 34.6% | 0.47 | - |
| Sector ETF (XLI) | 13.4% | 17.1% | 0.62 | 66.4% |
| Equity (SPY) | 13.1% | 17.0% | 0.61 | 57.4% |
| Gold (GLD) | 24.1% | 17.3% | 1.14 | 10.9% |
| Commodities (DBC) | 11.2% | 19.0% | 0.47 | 28.7% |
| Real Estate (VNQ) | 4.8% | 18.8% | 0.16 | 40.3% |
| Bitcoin (BTCUSD) | 6.3% | 56.7% | 0.33 | 20.2% |
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 | |
|---|---|---|---|---|
| FLS | 7.5% | 37.0% | 0.31 | - |
| Sector ETF (XLI) | 13.8% | 19.8% | 0.61 | 71.4% |
| Equity (SPY) | 14.5% | 17.9% | 0.70 | 61.1% |
| Gold (GLD) | 14.4% | 15.6% | 0.77 | 2.4% |
| Commodities (DBC) | 8.6% | 17.6% | 0.40 | 36.6% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.23 | 45.0% |
| Bitcoin (BTCUSD) | 67.4% | 66.8% | 1.07 | 14.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/5/2026 | 8.2% | 10.2% | -2.4% |
| 10/28/2025 | 30.9% | 32.0% | 34.0% |
| 7/29/2025 | 2.4% | -2.0% | -1.0% |
| 4/29/2025 | 0.8% | 3.9% | 12.6% |
| 2/18/2025 | -6.5% | -13.5% | -18.7% |
| 10/28/2024 | 2.3% | 1.5% | 15.8% |
| 7/29/2024 | -3.3% | -12.6% | -3.5% |
| 2/20/2024 | 0.8% | 0.9% | 6.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 12 | 12 |
| # Negative | 10 | 9 | 9 |
| Median Positive | 3.6% | 4.9% | 9.0% |
| Median Negative | -6.1% | -5.6% | -4.4% |
| Max Positive | 30.9% | 32.0% | 34.0% |
| Max Negative | -9.4% | -16.2% | -18.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/17/2026 | 10-K |
| 09/30/2025 | 10/28/2025 | 10-Q |
| 06/30/2025 | 07/30/2025 | 10-Q |
| 03/31/2025 | 04/29/2025 | 10-Q |
| 12/31/2024 | 02/26/2025 | 10-K |
| 09/30/2024 | 10/28/2024 | 10-Q |
| 06/30/2024 | 07/29/2024 | 10-Q |
| 03/31/2024 | 04/29/2024 | 10-Q |
| 12/31/2023 | 02/20/2024 | 10-K |
| 09/30/2023 | 10/25/2023 | 10-Q |
| 06/30/2023 | 08/01/2023 | 10-Q |
| 03/31/2023 | 05/01/2023 | 10-Q |
| 12/31/2022 | 03/07/2023 | 10-K |
| 09/30/2022 | 10/31/2022 | 10-Q |
| 06/30/2022 | 07/27/2022 | 10-Q |
| 03/31/2022 | 05/02/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Rowe, Robert Scott | President & CEO | Direct | Sell | 12032025 | 70.48 | 212,683 | 14,989,332 | 24,429,560 | Form |
| 2 | Duhon, Lamar L | President, FPD | Direct | Sell | 11122025 | 69.51 | 1,609 | 111,842 | 1,050,713 | Form |
| 3 | Schwetz, Amy B | Chief Financial Officer | Direct | Sell | 11052025 | 71.02 | 47,000 | 3,337,940 | 3,737,641 | Form |
| 4 | Hudson, Susan Claire | Chief Legal Officer | Direct | Sell | 11052025 | 70.01 | 10,667 | 746,797 | 461,296 | Form |
| 5 | Wilson, Kirk | President, FCD | Direct | Sell | 8122025 | 53.22 | 10,000 | 532,200 | 1,979,571 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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