Tearsheet

Flowserve (FLS)

Market Price (12/4/2025): $71.13 | Market Cap: $9.3 Bil
Sector: Industrials | Industry: Industrial Machinery & Supplies & Components

Flowserve (FLS)

Market Price (12/4/2025): $71.13
Market Cap: $9.3 Bil
Sector: Industrials
Industry: Industrial Machinery & Supplies & Components

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.2%, FCF Yield is 9.1%	Trading close to highs Dist 52W High is -1.3%, Dist 3Y High is -1.3%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13%
2	Low stock price volatility Vol 12M is 49%
3	Megatrend and thematic drivers Megatrends include Water Infrastructure, and Sustainable Infrastructure. Themes include Water Treatment & Delivery, Wastewater Management, Show more.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.2%, FCF Yield is 9.1%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13%
2	Low stock price volatility Vol 12M is 49%
3	Megatrend and thematic drivers Megatrends include Water Infrastructure, and Sustainable Infrastructure. Themes include Water Treatment & Delivery, Wastewater Management, Show more.
4	Trading close to highs Dist 52W High is -1.3%, Dist 3Y High is -1.3%

Valuation, Metrics & Events

	12/4/25	2024	2023	2022	2021
Share Price CYE	$71.13	$56.83	$40.05	$29.17	$28.30
Market Cap CYE ($ Bil)	9.3	7.5	5.3	3.8	3.7
Total Debt ($ Bil)	1.7	1.7	1.4	1.5	1.5
Total Cash ($ Bil)	0.8	0.7	0.5	0.4	0.7
Enterprise Value ($ Bil)	10.1	9.2	6.7	5.3	5.2
Valuation Ratios
P/S TTM	1.5	1.7	1.2	1.1	1.1
P/EBIT TTM	9.9	16.6	18.6	20.0	20.9
P/E TTM	15.3	26.8	28.9	21.2	31.7
Sector Ratios
P/S TTM (Sector)	0.0	0.0	0.0	0.0	0.0
P/EBIT TTM (Sector)	0.0	0.0	0.0	0.0	0.0
P/E TTM (Sector)	0.0	0.0	0.0	0.0	0.0

	12/4/25	2024	2023
Share Price CYE	$71.13	$56.83	$40.05
Market Cap CYE ($ Bil)	9.3	7.5	5.3
Total Debt ($ Bil)	1.7	1.7	1.4
Total Cash ($ Bil)	0.8	0.7	0.5
Enterprise Value ($ Bil)	10.1	9.2	6.7
Valuation Ratios
P/S TTM	1.5	1.7	1.2
P/EBIT TTM	9.9	16.6	18.6
P/E TTM	15.3	26.8	28.9
Sector Ratios
P/S TTM (Sector)	0.0	0.0	0.0
P/EBIT TTM (Sector)	0.0	0.0	0.0
P/E TTM (Sector)	0.0	0.0	0.0

	FLS	S&P 500
REVENUE GROWTH	FAIR
Rev LTM ($ Bil)	4.7
Rev Chg Q	3.6%	7.1%
Rev Chg LTM	3.2%	6.1%
Rev Chg 3Y Avg	10.5%	5.5%
PROFITABILITY	POOR
Op Inc LTM ($ Bil)	0.5
CFO LTM ($ Bil)	0.7
Net Inc LTM ($ Bil)	0.5
Op Mgn LTM	9.9%	18.8%
CFO/Rev LTM	15.0%	20.5%
Net Inc Mgn	9.7%	13.1%
VALUATION	LOW
P/S	1.5	3.2
P/CFO	9.9	15.8
P/FCF	11.0	20.5
P/E	15.3	23.5
STABILITY	VERY GOOD
Debt/Equity	0.24	0.20
Cash/Assets	0.14	0.07

AI Generated Analysis | Feedback

Metric	Value	Date	Source
Backlog	2.9 billion	9302025	Link
Bookings	1.213 billion	9302025	Link
Aftermarket Bookings	over $650 million	9302025	Link
Book-to-bill ratio	1.06	9302024	Link

Upcoming
2/17/2026	Earnings Release	Rev: - EPS: -

FLS Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

Flowserve (FLS) experienced a significant stock movement between August 31, 2025, and December 4, 2025, driven by several key factors.

1. Strong Third Quarter 2025 Earnings and Increased Full-Year Guidance: Flowserve reported robust financial results for the third quarter ended September 30, 2025. The company exceeded analyst estimates for adjusted earnings per share (EPS), reporting $0.90 per share against an estimated $0.80, representing a 13.2% beat. Although revenue slightly missed estimates, rising 3.6% year-over-year to $1.17 billion, the adjusted operating margin expanded significantly by 370 basis points to 14.8%. Management subsequently raised its full-year 2025 adjusted EPS guidance from an initial range of $3.25-$3.40 to $3.40-$3.50, an increase of over 30% at the midpoint compared to the previous year, signaling strong confidence in future performance. This positive earnings surprise and optimistic outlook likely fueled investor confidence.

2. Strategic Divestiture of Asbestos Liabilities: Flowserve announced a transaction to divest its legacy asbestos liabilities. This strategic move is expected to relieve the company of future financial burdens related to asbestos claims, allowing it to reallocate capital towards growth-enhancing opportunities. This move was seen as a positive step towards improving financial flexibility and focusing on core business growth.

3. Robust Bookings Growth, Particularly in Power and Nuclear Sectors: The company reported strong third-quarter bookings of $1.2 billion, with a notable 6% growth in aftermarket bookings. Power bookings demonstrated a significant 23% year-over-year increase, including $140 million in nuclear awards during the third quarter. This strong demand in critical infrastructure markets, particularly nuclear which is increasingly tied to AI and data center development, highlights Flowserve's strong market position and future growth potential.

4. Share Repurchases and Strong Cash Generation: Flowserve generated $402 million in cash from operations in Q3 2025, driven by improved earnings and the merger termination payment. The company returned $173 million to shareholders through dividends and share repurchases, with over $140 million in shares repurchased during the quarter. The completion of a share buyback tranche from July to September 2025, repurchasing 713,410 shares for $37.82 million, further demonstrated the company's commitment to returning value to shareholders and its financial health.

5. Positive Analyst Sentiment and Upgraded Forecasts: Following the strong Q3 results, analysts updated their views on Flowserve, with some increasing their price targets and highlighting solid performance and potential for continued bookings growth. The consensus among Wall Street equities research analysts indicates a "Moderate Buy" rating for FLS shares. This positive analyst commentary and upward revisions in forecasts contributed to the optimistic market sentiment around the stock.

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Stock Movement Drivers

Fundamental Drivers

The 33.1% change in FLS stock from 9/3/2025 to 12/3/2025 was primarily driven by a 53.9% change in the company's Net Income Margin (%).

	9032025	12032025	Change
Stock Price ($)	53.27	70.90	33.09%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	4646.07	4687.42	0.89%
Net Income Margin (%)	6.28%	9.66%	53.91%
P/E Multiple	23.90	20.41	-14.64%
Shares Outstanding (Mil)	130.85	130.31	0.41%
Cumulative Contribution			33.09%

LTM = Last Twelve Months as of date shown

Market Drivers

9/3/2025 to 12/3/2025

	Return	Correlation
FLS	33.1%
Market (SPY)	6.2%	25.7%
Sector (XLI)	2.9%	29.9%

Fundamental Drivers

The 50.7% change in FLS stock from 6/4/2025 to 12/3/2025 was primarily driven by a 57.8% change in the company's Net Income Margin (%).

	6042025	12032025	Change
Stock Price ($)	47.03	70.90	50.74%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	4614.87	4687.42	1.57%
Net Income Margin (%)	6.12%	9.66%	57.83%
P/E Multiple	21.91	20.41	-6.86%
Shares Outstanding (Mil)	131.57	130.31	0.95%
Cumulative Contribution			50.73%

LTM = Last Twelve Months as of date shown

Market Drivers

6/4/2025 to 12/3/2025

	Return	Correlation
FLS	50.7%
Market (SPY)	15.1%	34.0%
Sector (XLI)	7.6%	36.6%

Fundamental Drivers

The 17.0% change in FLS stock from 12/3/2024 to 12/3/2025 was primarily driven by a 63.8% change in the company's Net Income Margin (%).

	12032024	12032025	Change
Stock Price ($)	60.59	70.90	17.02%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	4542.64	4687.42	3.19%
Net Income Margin (%)	5.90%	9.66%	63.83%
P/E Multiple	29.72	20.41	-31.35%
Shares Outstanding (Mil)	131.40	130.31	0.82%
Cumulative Contribution			17.01%

LTM = Last Twelve Months as of date shown

Market Drivers

12/3/2024 to 12/3/2025

	Return	Correlation
FLS	17.0%
Market (SPY)	14.3%	60.0%
Sector (XLI)	9.8%	60.8%

Fundamental Drivers

The 134.6% change in FLS stock from 12/4/2022 to 12/3/2025 was primarily driven by a 301.6% change in the company's Net Income Margin (%).

	12042022	12032025	Change
Stock Price ($)	30.23	70.90	134.55%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	3495.62	4687.42	34.09%
Net Income Margin (%)	2.41%	9.66%	301.56%
P/E Multiple	46.98	20.41	-56.57%
Shares Outstanding (Mil)	130.70	130.31	0.30%
Cumulative Contribution			134.55%

LTM = Last Twelve Months as of date shown

Market Drivers

12/4/2023 to 12/3/2025

	Return	Correlation
FLS	87.5%
Market (SPY)	53.2%	59.4%
Sector (XLI)	45.4%	63.9%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
FLS Return	-24%	-15%	3%	37%	42%	23%	60%
Peers Return	17%	29%	-35%	40%	10%	8%	63%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	112%
Monthly Win Rates [3]
FLS Win Rate	50%	50%	42%	67%	67%	50%
Peers Win Rate	46%	72%	27%	58%	56%	57%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
FLS Max Drawdown	-61%	-20%	-19%	-2%	-4%	-31%
Peers Max Drawdown	-26%	-3%	-49%	-5%	-10%	-18%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: XYL, PNR, AOS, HAYW, ADVEN. 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] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

Unique Key	Event	FLS	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-45.2%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	82.3%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	530 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-62.0%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	163.4%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	1576 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-36.0%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	56.1%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	2144 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-73.2%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	272.8%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	1477 days	1480 days

Compare to XYL, PNR, AOS, HAYW, ADVEN

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)

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 Generated Analysis | Feedback

Here are 1-3 brief analogies for Flowserve:

Flowserve is like a specialized Honeywell or Siemens, but focused entirely on industrial pumps, valves, and seals for critical processes.
It's the Caterpillar or John Deere for the unseen components that manage fluid and gas flow within factories, power plants, and refineries.
Flowserve is essentially Emerson Electric for large-scale industrial fluid and gas management.

AI Generated Analysis | Feedback

Pumps: Industrial pumps designed for critical applications across various industries, including oil and gas, power generation, and chemical processing.
Mechanical Seals: Advanced mechanical seals and sealing systems engineered to prevent leakage in rotating equipment, improving operational safety and efficiency.
Valves: A comprehensive portfolio of control valves, shut-off valves, and other valve solutions for precise fluid control and isolation in demanding environments.
Aftermarket Services: Provides essential repair, maintenance, installation, upgrades, and field support for their flow control products and other original equipment manufacturers.

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Flowserve (FLS) Major Customers

Flowserve (FLS) operates primarily in a business-to-business (B2B) model, providing critical fluid motion and control products and services (such as pumps, valves, and seals) to a diverse range of industrial customers globally. Due to the nature of its business and broad customer base, Flowserve does not publicly disclose a list of specific 'major customers' by name in its financial reports. However, based on its reported market segments and industry focus, its customers are generally large corporations operating in capital-intensive industries.

The categories of companies that constitute Flowserve's customer base, along with illustrative examples of public companies that operate within these sectors and would typically purchase Flowserve's products, include:

Oil & Gas Companies (Upstream, Midstream, and Downstream operations): These include international and national oil companies, refiners, and pipeline operators who require Flowserve's equipment for extraction, processing, and transportation of hydrocarbons.
- ExxonMobil (XOM)
- Chevron (CVX)
- Shell plc (SHEL)
- BP p.l.c. (BP)
- Marathon Petroleum Corporation (MPC)
Chemical & Petrochemical Manufacturers: Companies producing various chemicals, plastics, and other related products rely on Flowserve's pumps and valves for their demanding process applications.
- Dow Inc. (DOW)
- LyondellBasell Industries N.V. (LYB)
- DuPont de Nemours, Inc. (DD)
Power Generation Companies (Utilities & Independent Power Producers): Operators of power plants (including thermal, nuclear, and some renewable support infrastructure) use Flowserve products for critical fluid handling systems.
- Duke Energy Corporation (DUK)
- NextEra Energy, Inc. (NEE)
- Exelon Corporation (EXC)
Engineering, Procurement, and Construction (EPC) Firms: These companies are often responsible for designing, building, and delivering large-scale industrial projects for end-clients, frequently specifying and procuring Flowserve's equipment for these projects.
- Fluor Corporation (FLR)
- KBR, Inc. (KBR)
- Jacobs Solutions Inc. (J)
Water Management Companies & Industrial Water Users: Companies involved in municipal and industrial water and wastewater treatment, desalination, and distribution utilize Flowserve's pumps and other fluid handling solutions.
- American Water Works Company, Inc. (AWK)
- Evoqua Water Technologies Corp. (AQUA)

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R. Scott Rowe President and Chief Executive Officer

R. Scott Rowe has served as President and Chief Executive Officer of Flowserve since April 2017. Prior to joining Flowserve, Mr. Rowe served as President of the Cameron Group, a position he assumed in April 2016 following the merger between Schlumberger and Cameron International Corporation. During his 14-year career at Cameron, he held various progressive roles, culminating as its President and CEO. He also led the transformative pre-merger joint venture between Cameron and Schlumberger, which formed OneSubsea, a $3 billion business that he later ran as CEO. Before Cameron, Mr. Rowe was with Varco International and served in the U.S. Army.

Amy B. Schwetz Senior Vice President, Chief Financial Officer

Amy B. Schwetz has served as Senior Vice President and Chief Financial Officer of Flowserve since February 2020. Before Flowserve, Ms. Schwetz was Executive Vice President and Chief Financial Officer at Peabody Energy Corporation from 2015 to 2020, where she held various roles of increasing responsibility since August 2005. She began her career as an audit manager at Ernst & Young. Ms. Schwetz is also a member of the board of directors of Dril-Quip, Inc.

Lamar L. Duhon President, Flowserve Pumps Division

Lamar L. Duhon has served as President of the Flowserve Pumps Division since February 2023, joining the company in 2022. He previously held the role of President of Aftermarket Services & Solutions from January 2022 to February 2023. Before Flowserve, Mr. Duhon held increasing positions of responsibility at Halliburton from 2010 to 2021, including Vice President, Sperry Drilling.

Alice M. DeBiasio President, Flow Control Division

Alice M. DeBiasio joined Flowserve as President of the Flow Control Division in October 2025. Prior to Flowserve, Ms. DeBiasio served as Vice President, General Manager of Carrier Corporation's Truck Trailer Americas and Digital Solutions business segment since January 2023, and held leadership roles at Resideo (formerly Honeywell) and Northrop Grumman.

Brian Boukalik Senior Vice President, Chief Human Resources Officer

Brian Boukalik has served as Senior Vice President and Chief Human Resources Officer since May 2024. Before Flowserve, Mr. Boukalik held increasing positions of responsibility at Tenneco from 2017 to 2023, including Executive Vice President and Chief Human Resources Officer from 2022 to 2023. Prior to Tenneco, he spent 17 years at Eaton in various HR leadership positions.

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Flowserve Corporation (FLS) operates in the addressable markets for industrial pumps, valves, and seals.

Pumps

The global industrial pumps market was estimated at USD 43.90 billion in 2023 and is projected to reach USD 59.95 billion by 2030, growing at a CAGR of 4.5% from 2024 to 2030.
Another estimate for the global industrial pumps market valued it at USD 46.4 billion in 2024, with a projection to reach USD 77.1 billion in 2034 at a CAGR of 5.3%.
The global pumps market size was USD 59.68 billion in 2024 and is anticipated to reach approximately USD 92.15 billion by 2034, expanding at a CAGR of 4.44% from 2025 to 2034.
The global pumps market size was valued at USD 77.34 billion in 2024 and is estimated to reach USD 99.01 billion by 2033, exhibiting a CAGR of 2.78% during 2025-2033.
The Asia Pacific region dominated the pumps market with a revenue share of 45.2% in 2024.
The United States industrial pumps market accounted for an estimated USD 11 billion in revenue in 2024, representing about 80% of the North American market share.

Valves

The global industrial valves market size was valued at USD 76.2 billion in 2023 and is projected to reach USD 100.9 billion by 2030, growing at a CAGR of 4.4% from 2024 to 2030.
Other estimations for the global industrial valve market include USD 75.9 billion in 2024, expected to reach USD 142.6 billion in 2034 with a CAGR of 6.6% from 2025 to 2034.
Another report states the global industrial valves market size was USD 78.2 billion in 2024 and is estimated to reach USD 131.6 billion by 2033, exhibiting a CAGR of 6% during 2025-2033.
The global industrial valves market was valued at USD 65 billion in 2021 and is estimated to reach USD 110.5 billion by 2031, growing at a CAGR of 5.3% from 2022 to 2031.
The Asia Pacific region accounted for the largest revenue share of 35.8% in 2023 and is expected to witness the fastest growth over the forecast period. Asia Pacific held a significant market share of over 42% in 2024, and in 2021, it held over 40.2% of the industrial valves industry.
The U.S. industrial valves market accounted for a 15.6% share of the global market in 2023 and is expected to grow significantly, exhibiting a CAGR of 5.1% from 2022 to 2031. In 2024, the United States led the North American industrial valve market with approximately 79% market share and an estimated USD 17.9 billion in revenue.

Seals (Mechanical Seals and Gaskets and Seals)

The global mechanical seals market size was valued at USD 3.20 billion in 2018 and is projected to reach USD 6.92 billion by 2032, exhibiting a CAGR of 5.3%.
The global mechanical seals market is expected to reach USD 5.64 billion in 2024 and further increase to USD 8.76 billion by 2035, with a CAGR of 4.08% from 2025 to 2035.
Another estimate for the global mechanical seal market size was USD 3.5 billion in 2023 and is projected to reach USD 4.9 billion by 2032, registering a CAGR of 4.2% during the forecast period (2024-2032).
The mechanical seals market size is estimated at USD 7.27 billion in 2025 and is expected to reach USD 9.07 billion by 2030, at a CAGR of 4.52% during the forecast period (2025-2030).
The global mechanical seals market size was valued at USD 3.8 billion in 2023 and is poised to grow from USD 3.97 billion in 2024 to USD 5.65 billion by 2032, at a CAGR of 4.5% during the forecast period (2025-2032).
The Asia Pacific region dominated the mechanical seals market with a market share of 35.31% in 2018, is the most significant global mechanical seal shareholder, and generated 36.65% of the mechanical seals market revenue in 2024.
The mechanical seals market in the U.S. is projected to grow significantly, reaching an estimated value of USD 1.13 billion by 2032. North America holds a significant 26.2% share of the global mechanical seals market and is anticipated to exhibit a CAGR of 4.4% over the forecast period.

AI Generated Analysis | Feedback

Flowserve Corporation (FLS) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:

Expansion in New Energy Markets: Flowserve's "3D growth strategy" includes a significant focus on decarbonization and rapidly expanding new energy opportunities. This involves capturing opportunities in clean energy projects, the nuclear sector (including large reactors and small modular reactors), and water infrastructure. The company has already seen record nuclear bookings.
Growth in Aftermarket Services: The aftermarket business is a consistent and strong contributor to Flowserve's revenue and is seen as a key driver of recurring revenue. Aftermarket bookings have shown significant year-over-year growth and represent a substantial portion of total bookings.
Strategic Acquisitions: Flowserve is pursuing mergers and acquisitions to strengthen its portfolio, expand offerings, and enter new markets. Recent examples include the acquisition of Mogas Industries, which is expected to enhance Flowserve's portfolio and support long-term value creation. The company has also expressed renewed interest in M&A, particularly in the nuclear sector and complementary products, to offset organic growth headwinds.
Execution of the 3D Growth Strategy and Conversion of Strong Backlog: Beyond decarbonization, the broader 3D growth strategy encompasses diversification and digitization initiatives aimed at accelerating growth. Flowserve maintains a substantial backlog of orders, which stood at near-record levels of $2.8 billion at the end of Q3 2024. Converting this backlog efficiently into revenue is a critical driver for future sales.

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Share Repurchases

As of March 31, 2025, Flowserve had $258.8 million of remaining capacity for Board of Directors approved share repurchases.
In the second quarter of 2025, nearly $60 million was allocated to a combination of dividends and share repurchases.
During the third quarter of 2024, common share repurchases amounted to $20.070 million.

Share Issuance

Flowserve's shares outstanding increased slightly year-over-year, with 0.132 billion shares outstanding in 2024, a 0.32% increase from 2023, and 0.131 billion shares outstanding in 2022, a 0.35% increase from 2021.
As of April 21, 2025, the company had 130,728,620 shares of common stock outstanding.
Share issuance primarily relates to employee stock plans, including the 2020 Plan and the Employee Stock Purchase Plan (ESPP), which had 3,996,597 shares available for issuance.

Outbound Investments

Flowserve completed the acquisition of MOGAS Industries in 2024, which significantly enhanced its severe service valve portfolio.
The company plans to pursue acquisitions, particularly in the nuclear sector and for complementary products, to strengthen its portfolio and expand project capabilities.
Flowserve remains open to disciplined mergers and acquisitions (M&A) following the termination of its planned merger with Chart Industries.

Capital Expenditures

Flowserve projects capital expenditures (CapEx) for 2025 to be between $80 million and $90 million.
Capital expenditures for 2024 were reaffirmed at $75 million to $85 million, with actual expenditures reported as $81.019 million.
Over the past five years (2020-2024), capital expenditures averaged $67.401 million, with annual figures ranging from a low of $54.936 million in 2021 to a high of $81.019 million in 2024. These expenditures support operational improvements, increased productivity, and addressing market demand, including opportunities in energy transition.

Better Bets than Flowserve (FLS)

	FLS	Better Performance than FLS
Metric	Value	INDUSTRY: Industrial Machinery & Supplies & Components
Rev Chg LTM	3.2%	FTV (27.9%), ITT (8.0%), XYL (5.6%), GWW (4.8%), IR (4.2%)
Rev Chg 3Y Avg	10.5%	SYM (75.4%), GTLS (43.7%), CR (19.0%), XYL (18.9%), SPXC (16.2%)
Op Mgn LTM	9.9%	ITW (26.2%), PH (20.7%), OTIS (14.8%), GWW (14.1%), XYL (13.9%)
CFO/Rev LTM	15.0%	SNA (21.6%), ITW (20.6%), PH (19.0%), IR (18.5%), HUBB (17.8%)
FCF/Rev LTM	13.4%	SNA (20.1%), ITW (17.9%), PH (16.9%), IR (16.8%), HUBB (15.0%)
Total Yield	7.3%	DOV (11.1%), KMT (8.9%), SWK (8.3%), TKR (7.5%), MLI (7.5%)
P/S	1.5	HI (0.5), SWK (0.7), KMT (0.9), ATS (1.0), TKR (1.2)
P/Op Inc	15.0	SWK (10.0), MLI (12.4), FTV (12.9), SNA (13.7), DCI (14.5)

	FLS	Better Performance than FLS
Metric	Value	SECTOR: Industrials
Rev Chg LTM	3.2%	UBER (18.2%), GE (17.7%), BA (10.2%), GEV (9.4%), RTX (8.8%)
Rev Chg 3Y Avg	10.5%	UBER (19.6%), TDG (18.2%), GE (15.7%), HWM (13.5%), TT (10.8%)
Op Mgn LTM	9.9%	UNP (40.6%), GE (20.5%), ETN (19.0%), CAT (18.2%), RTX (10.3%)
CFO/Rev LTM	15.0%	UNP (39.6%), UBER (18.1%), CAT (18.0%), GE (17.2%), ETN (15.4%)
FCF/Rev LTM	13.4%	UNP (24.5%), UBER (17.5%), PH (16.9%), HON (15.2%), GE (14.7%)
Total Yield	7.3%	UPS (15.4%), FDX (10.2%), UBER (8.1%), CP (7.4%), UNP (7.3%)
P/S	1.5	UAL (0.5), DAL (0.6), FDX (0.6), UPS (0.8), FERG (1.4)
P/Op Inc	15.0	UPS (8.6), CP (12.2), CSX (13.7), UNP (14.0), NSC (14.2)

	FLS	Better Performance than FLS
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	3.2%	NVDA (71.6%), MSFT (15.6%), GOOGL (13.4%), AMZN (10.9%), AAPL (6.0%)
Rev Chg 3Y Avg	10.5%	NVDA (92.0%), AVGO (24.0%), MSFT (13.2%), AMZN (11.3%), GOOGL (11.0%)
Op Mgn LTM	9.9%	NVDA (58.1%), MSFT (46.3%), GOOGL (32.2%), AAPL (31.9%), AMZN (11.4%)
CFO/Rev LTM	15.0%	MSFT (50.0%), NVDA (46.6%), GOOGL (39.3%), AAPL (26.6%), AMZN (18.1%)
FCF/Rev LTM	13.4%	NVDA (43.6%), AVGO (41.6%), MSFT (26.6%), AAPL (23.5%), GOOGL (19.1%)
Total Yield	7.3%	XOM (10.3%), JNJ (8.4%), UNH (8.1%), BAC (7.7%), KO (7.5%)
P/S	1.5	UNH (0.7), WMT (1.1), VZ (1.4), HCA (1.4), XOM (1.4)
P/Op Inc	15.0	MRK (9.4), UNH (11.9), XOM (12.4), TMUS (13.9), QCOM (14.5)

		Best Bets In Industrials Sector
	FLS
What You Pay
P/E	15.3
P/EBIT	9.9
What You Get
Rev Chg Q	3.6%
Rev Chg LTM	3.2%
Rev Chg 3Y Avg	10.5%
FCF/Rev 3Y Avg	8.0%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 16%, alpha of 4.2%, and sharpe of 0.76

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	Time To Buy Flowserve Stock?	Buy or Fear
2	Would You Still Hold Flowserve Stock If It Fell 30%?	Return
3	Flowserve vs T-Mobile US: Which Is A Better Investment?	Counter-Intuitive Comparisons
4	Flowserve vs United Rentals: Which Is A Better Investment?	Counter-Intuitive Comparisons
5	Flowserve vs Mueller Industries: Which Is A Better Investment?	Counter-Intuitive Comparisons
6	Better Bet Than FLS Stock: Pay Less Than Flowserve To Get More From CCL, FTI
7	Better Bet Than FLS Stock: Pay Less Than Flowserve To Get More From BAH, GTLS
8	Better Bet Than FLS Stock: Pay Less Than Flowserve To Get More From GTLS
9	FLS Dip Buy Analysis
10	Flowserve Total Shareholder Return (TSR): 43.1% in 2024 and 27.9% 3-yr compounded annual returns (above peer average)
11	ARTICLES
12	Flowserve Stock To $90?		October 30th, 2025
13	What’s Next For Flowserve Stock After A 21% Fall In A Month?		September 20th, 2022
14	Is Flowserve Stock A Buy At $32?		February 22nd, 2022
15	Flowserve Stock Could See Higher Levels Led By Margin Expansion		November 16th, 2020

	Title
0	DASHBOARDS
1	Time To Buy Flowserve Stock?
2	Would You Still Hold Flowserve Stock If It Fell 30%?
3	Flowserve vs T-Mobile US: Which Is A Better Investment?
4	Flowserve vs United Rentals: Which Is A Better Investment?
5	Flowserve vs Mueller Industries: Which Is A Better Investment?
6	Better Bet Than FLS Stock: Pay Less Than Flowserve To Get More From CCL, FTI
7	Better Bet Than FLS Stock: Pay Less Than Flowserve To Get More From BAH, GTLS
8	Better Bet Than FLS Stock: Pay Less Than Flowserve To Get More From GTLS
9	FLS Dip Buy Analysis
10	Flowserve Total Shareholder Return (TSR): 43.1% in 2024 and 27.9% 3-yr compounded annual returns (above peer average)
11	ARTICLES
12	Flowserve Stock To $90?
13	What’s Next For Flowserve Stock After A 21% Fall In A Month?
14	Is Flowserve Stock A Buy At $32?
15	Flowserve Stock Could See Higher Levels Led By Margin Expansion

Trade Ideas

Select past ideas related to FLS. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
CNM_11212025_Dip_Buyer_FCFYield	11212025	CNM	Core & Main	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	7.3%	7.3%	-1.6%
VRRM_11212025_Dip_Buyer_FCFYield	11212025	VRRM	Verra Mobility	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	2.3%	2.3%	-1.2%
LII_11212025_Dip_Buyer_ValueBuy	11212025	LII	Lennox International	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	4.8%	4.8%	0.0%
ADP_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	ADP	Automatic Data Processing	Monopoly	MY \| 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	1.6%	1.6%	-1.2%
CW_11212025_Quality_Momentum_RoomToRun_10%	11212025	CW	Curtiss-Wright	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	2.2%	2.2%	0.0%
FLS_3312020_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	03312020	FLS	Flowserve	Dip Buy	DB \| 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%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
CNM_11212025_Dip_Buyer_FCFYield	11212025	CNM	Core & Main	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	7.3%	7.3%	-1.6%
VRRM_11212025_Dip_Buyer_FCFYield	11212025	VRRM	Verra Mobility	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	2.3%	2.3%	-1.2%
LII_11212025_Dip_Buyer_ValueBuy	11212025	LII	Lennox International	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	4.8%	4.8%	0.0%
ADP_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	ADP	Automatic Data Processing	Monopoly	MY \| 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	1.6%	1.6%	-1.2%
CW_11212025_Quality_Momentum_RoomToRun_10%	11212025	CW	Curtiss-Wright	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	2.2%	2.2%	0.0%
FLS_3312020_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	03312020	FLS	Flowserve	Dip Buy	DB \| 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

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	2.3	223.6%	367.4%
COGT	Cogent Biosciences	5.4	152.6%	402.1%
CDTX	Cidara Therapeutics	5.9	115.1%	722.1%
IRWD	Ironwood Pharmaceuticals	0.6	100.5%	-15.8%
TERN	Terns Pharmaceuticals	2.5	95.9%	396.2%
FRGE	Forge Global	0.6	90.3%	217.8%
SGML	Sigma Lithium	1.1	87.3%	-10.6%
INSP	Inspire Medical Systems	4.0	82.8%	-27.3%
NPCE	NeuroPace	0.6	77.2%	48.9%
ALMS	Alumis	0.6	71.9%	-0.3%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
UP	Wheels Up Experience	0.4	-52.7%	-62.4%
CCOI	Cogent Communications	0.9	-51.9%	-72.9%
SMR	NuScale Power	3.0	-50.7%	12.3%
FRMI	Fermi	10.3	-47.5%
AMSC	American Superconductor	1.4	-47.2%	30.1%
TLRY	Tilray Brands	7.5	-46.1%	-46.9%
BTDR	Bitdeer Technologies	2.4	-44.8%	-41.8%
EXOD	Exodus Movement	0.4	-43.1%	-53.3%
STUB	Stubhub	3.5	-39.8%
METC	Ramaco Resources	1.0	-39.4%	66.9%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

Peer Comparisons for Flowserve

Peers to compare with:

Financials

	FLS	XYL	PNR	AOS	HAYW	ADVEN	Median
Name	Flowserve	Xylem	Pentair	A.O. Smi.	Hayward	AdvEn
Mkt Price	70.90	140.89	106.47	67.32	16.37	-	70.90
Mkt Cap	9.2	34.3	17.4	9.4	3.5	-	9.4
Rev LTM	4,687	8,894	4,128	3,830	1,100	-	4,128
Op Inc LTM	462	1,232	864	720	230	-	720
FCF LTM	629	925	783	572	191	-	629
FCF 3Y Avg	367	753	675	536	190	-	536
CFO LTM	703	1,273	850	656	219	-	703
CFO 3Y Avg	442	1,053	748	621	217	-	621

Growth & Margins

	FLS	XYL	PNR	AOS	HAYW	ADVEN	Median
Name	Flowserve	Xylem	Pentair	A.O. Smi.	Hayward	AdvEn
Rev Chg LTM	3.2%	5.6%	0.8%	-1.6%	9.7%	-	3.2%
Rev Chg 3Y Avg	10.5%	18.9%	0.2%	0.2%	-6.0%	-	0.2%
Rev Chg Q	3.6%	7.8%	2.9%	4.4%	7.4%	-	4.4%
QoQ Delta Rev Chg LTM	0.9%	1.9%	0.7%	1.1%	1.5%	-	1.1%
Op Mgn LTM	9.9%	13.9%	20.9%	18.8%	20.9%	-	18.8%
Op Mgn 3Y Avg	9.0%	12.1%	18.8%	19.2%	19.0%	-	18.8%
QoQ Delta Op Mgn LTM	-0.6%	0.6%	0.5%	0.2%	0.3%	-	0.3%
CFO/Rev LTM	15.0%	14.3%	20.6%	17.1%	19.9%	-	17.1%
CFO/Rev 3Y Avg	9.7%	13.0%	18.2%	16.2%	21.2%	-	16.2%
FCF/Rev LTM	13.4%	10.4%	19.0%	14.9%	17.4%	-	14.9%
FCF/Rev 3Y Avg	8.0%	9.2%	16.4%	14.0%	18.5%	-	14.0%

Valuation

	FLS	XYL	PNR	AOS	HAYW	ADVEN	Median
Name	Flowserve	Xylem	Pentair	A.O. Smi.	Hayward	AdvEn
Mkt Cap	9.2	34.3	17.4	9.4	3.5	-	9.4
P/S	1.5	4.0	4.4	2.7	3.0	-	3.0
P/EBIT	9.9	29.4	22.0	14.4	14.1	-	14.4
P/E	15.3	37.9	27.7	19.4	23.8	-	23.8
P/CFO	9.8	28.2	21.3	15.7	15.0	-	15.7
Total Yield	7.3%	3.7%	4.5%	7.1%	4.2%	-	4.5%
Dividend Yield	0.8%	1.1%	0.9%	1.9%	0.0%	-	0.9%
FCF Yield 3Y Avg	5.5%	2.5%	4.5%	4.9%	5.9%	-	4.9%
D/E	0.2	0.1	0.1	0.0	0.3	-	0.1
Net D/E	0.1	0.0	0.1	0.0	0.2	-	0.1

Returns

	FLS	XYL	PNR	AOS	HAYW	ADVEN	Median
Name	Flowserve	Xylem	Pentair	A.O. Smi.	Hayward	AdvEn
1M Rtn	-1.3%	-5.2%	-0.3%	2.5%	-1.1%	-	-1.1%
3M Rtn	33.1%	1.1%	-0.1%	-4.4%	5.2%	-	1.1%
6M Rtn	50.7%	11.8%	7.1%	5.8%	15.7%	-	11.8%
12M Rtn	17.0%	11.7%	-1.2%	-7.2%	2.4%	-	2.4%
3Y Rtn	134.6%	28.6%	136.8%	17.8%	72.3%	-	72.3%
1M Excs Rtn	-1.3%	-5.2%	-0.3%	2.6%	-1.1%	-	-1.1%
3M Excs Rtn	25.1%	-5.8%	-8.4%	-12.2%	-3.1%	-	-5.8%
6M Excs Rtn	36.0%	-2.9%	-7.6%	-8.9%	1.0%	-	-2.9%
12M Excs Rtn	4.5%	-1.1%	-14.9%	-21.3%	-12.2%	-	-12.2%
3Y Excs Rtn	71.6%	-39.6%	75.3%	-53.8%	4.0%	-	4.0%

Comparison Analyses

	Title
0	Why XYL With 40% Upside May Beat FLS?
1	Flowserve vs. Pentair: With Return Forecast Of 0.3%, Pentair Is A Better Bet
2	AOS or FLS - With 20% Return Forecast, FLS Probably Deserves Your Money
3	Flowserve vs. FTI Consulting: Similar Market Cap, Similar Bets
4	Flowserve vs. Beacon Roofing Supply: Similar Market Cap, Similar Bets
5	Flowserve vs. The Chemours Company: Similar Market Cap, But Flowserve Is A Better Bet
6	Flowserve vs Evoqua Water Technologies: Industry Peers; Which Stock Is A Better Bet?
7	Flowserve vs Teradata: Similar Market Cap; Which Stock Is A Better Bet?
8	Flowserve vs Univar: Similar Market Cap; Which Stock Is A Better Bet?
9	Flowserve vs Hexcel: Similar Market Cap; Which Stock Is A Better Bet?

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	10/28/2025	2/26/2025	2/20/2024	3/7/2023	2/23/2022	2/23/2021	2/18/2020
Key Financials
Total Revenue	4,687	4,558	4,321	3,615	3,541	3,728	3,940
EBITDA	798	541	374	292	291	359	483
Operating Income	462	456	316	179	253	239	376
Net Income	453	283	187	189	126	130	239
EPS	3.46	2.15	1.42	1.44	0.97	1.00	1.82
Growth Rates
Total Revenue Growth	3.2%	5.5%	19.5%	2.1%	-5.0%	-5.4%	2.7%
EBITDA Growth	59.1%	44.5%	28.4%	0.2%	-19.0%	-25.7%	47.8%
Operating Income Growth	4.8%	44.5%	76.6%	-29.2%	5.9%	-36.6%	67.7%
Net Income Growth	69.1%	51.4%	-1.0%	49.8%	-3.4%	-45.4%	128.5%
Margins
EBITDA Margin	17.0%	11.9%	8.7%	8.1%	8.2%	9.6%	12.3%
Operating Income Margin	9.9%	10.0%	7.3%	4.9%	7.1%	6.4%	9.5%
Net Income Margin	9.7%	6.2%	4.3%	5.2%	3.6%	3.5%	6.1%
Cash & Debt
Total Cash	834	675	546	435	658	1,095	671
Total Debt	1,671	1,688	1,405	1,461	1,502	1,938	1,565
Net Debt / (Cash)	837	1,012	859	1,026	844	843	894
Cash Flows
Net Cash from Operations	703	425	326	-40	250	311	324
Free Cash from Operations	629	344	258	-116	195	253	248
Returns to Shareholders
Dividends	110	110	105	105	105	104	100
Share Repurchases	198	20	-0	-0	18	32	15

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	10/28/2025	7/30/2025	4/29/2025	2/26/2025	10/28/2024	7/29/2024	4/29/2024	2/20/2024	10/25/2023	8/1/2023	5/1/2023	3/7/2023
Key Financials Quarterly
Total Revenue	1,174	1,188	1,145	1,180	1,133	1,157	1,087	1,165	1,095	1,080	980	1,039
Ebitda	361	148	141	149	120	138	135	109	79	114	72	99
Operating Income	75	141	126	120	98	127	111	105	66	93	53	102
Net Income	220	82	74	78	58	73	74	63	46	51	27	121
EPS	1.69	0.62	0.56	0.59	0.44	0.55	0.56	0.48	0.35	0.39	0.20	0.93
Key Financials TTM
Total Revenue TTM	4,687	4,646	4,615	4,558	4,543	4,504	4,428	4,321	4,194	3,973	3,774	3,615
Ebitda TTM	798	557	547	541	502	461	437	374	365	362	340	292
Operating Income TTM	462	485	472	456	441	408	374	316	313	265	228	179
Net Income TTM	453	292	282	283	268	256	234	187	245	238	231	189
Growth Rates Quarterly
Total Revenue Growth	3.6%	2.7%	5.2%	1.3%	3.5%	7.1%	10.9%	12.1%	25.4%	22.5%	19.4%	13.0%
EBITDA Growth	201.5%	7.3%	4.3%	36.3%	51.2%	20.9%	86.8%	9.8%	3.4%	23.9%	204.3%	79.1%
Operating Income Growth	-23.4%	10.4%	14.1%	14.6%	49.4%	37.5%	110.3%	3.1%	256.0%	67.8%	1397.9%	27.1%
Net Income Growth	276.1%	12.6%	-0.4%	23.8%	26.5%	41.8%	177.3%	-48.4%	20.2%	14.4%	269.2%	625.2%
Margins Quarterly
EBITDA Margin	30.7%	12.5%	12.3%	12.6%	10.6%	11.9%	12.4%	9.4%	7.2%	10.6%	7.4%	9.6%
Operating Income Margin	6.4%	11.8%	11.0%	10.2%	8.7%	11.0%	10.2%	9.0%	6.0%	8.6%	5.4%	9.8%
Net Income Margin	18.7%	6.9%	6.5%	6.6%	5.2%	6.3%	6.8%	5.4%	4.2%	4.7%	2.7%	11.7%
Cash & Debt
Total Cash	834	629	541	675	612	515	532	546	480	423	405	435
Total Debt	1,671	1,668	1,680	1,688	1,432	1,455	1,395	1,405	1,498	1,480	1,446	1,461
Net Debt / (Cash)	837	1,039	1,139	1,012	820	940	863	859	1,018	1,057	1,041	1,026
Cash Flows Quarterly
FCF from Operations	402	154	-50	197	178	-13	62	195	81	24	27	69
Cash Flows TTM
FCF from Operations TTM	703	480	313	425	423	325	361	326	201	82	13	-40
Returns to Shareholders Quarterly
Dividends	27	28	28	28	28	28	28	26	26	26	26	26
Share Repurchases	145	32	21	-0	4	14	3	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	25.3%	46.0%	36.2%	37.5%	36.9%	41.4%	40.7%	46.1%	25.8%	25.3%	17.6%	39.6%
Return on Invested Capital (ROIC) TTM
ROIC TTM	42.0%	37.8%	32.5%	35.2%	43.6%	38.3%	38.1%	33.7%	30.7%	25.1%	21.9%	17.4%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Flowserve Pumps Division (FPD)	3,064	2,518	2,468	2,674	2,704
Flow Control Division (FCD)	1,266	1,097	1,073	1,054	1,235
Eliminations and All Other	-10	0
Total	4,321	3,615	3,541	3,728	3,940

Assets by Segment

$ Mil	2024	2023	2022	2021	2020
Flowserve Pumps Division (FPD)	3,192	3,111	2,927	3,039	2,974
Flow Control Division (FCD)	1,334	1,270	1,223	1,308	1,334
Eliminations and All Other	583	410	599	967	630
Total	5,109	4,791	4,750	5,315	4,938

Price Behavior

Price Behavior

Market Price	$70.90
Market Cap ($ Bil)	9.2
First Trading Date	03/26/1990
Distance from 52W High	-1.3%
	50 Days	200 Days
DMA Price	$60.58	$52.96
DMA Trend	up	up
Distance from DMA	17.0%	33.9%
	3M	1YR
Volatility	66.9%	48.7%
Downside Capture	166.02	163.78
Upside Capture	253.43	158.41
Correlation (SPY)	25.8%	60.0%

FLS Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	1.49	1.40	1.39	1.63	1.48	1.30
Up Beta	0.11	-2.69	-1.75	-0.03	1.19	1.15
Down Beta	0.97	1.87	1.72	1.79	1.66	1.41
Up Capture	244%	375%	300%	276%	228%	289%
Bmk +ve Days	12	25	38	73	141	426
Stock +ve Days	10	20	29	60	123	403
Down Capture	164%	143%	153%	175%	131%	106%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	9	21	33	65	125	343

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of FLS With Other Asset Classes (Last 1Y)
	FLS	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	18.6%	8.9%	15.3%	58.9%	4.6%	-5.8%	-3.1%
Annualized Volatility	48.5%	18.9%	19.7%	19.4%	15.9%	17.8%	35.7%
Sharpe Ratio	0.49	0.32	0.60	2.26	0.09	-0.48	0.04
Correlation With Other Assets		60.7%	60.0%	-1.4%	27.4%	28.5%	20.2%

ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

		Comparison of FLS With Other Asset Classes (Last 5Y)
	FLS	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	16.9%	13.1%	15.0%	17.9%	11.9%	4.9%	37.1%
Annualized Volatility	34.8%	17.2%	17.1%	15.5%	18.9%	19.0%	49.1%
Sharpe Ratio	0.52	0.61	0.71	0.93	0.52	0.17	0.64
Correlation With Other Assets		66.7%	56.7%	10.4%	29.6%	40.3%	20.9%

Based On 10-Year Data

		Comparison of FLS With Other Asset Classes (Last 10Y)
	FLS	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	6.4%	12.8%	14.5%	14.2%	5.6%	5.4%	76.3%
Annualized Volatility	37.0%	19.9%	18.0%	14.8%	17.7%	20.9%	55.9%
Sharpe Ratio	0.28	0.57	0.69	0.79	0.25	0.23	0.95
Correlation With Other Assets		71.4%	61.1%	1.5%	38.0%	45.0%	14.3%

Short Interest

Short Interest: As Of Date	11142025
Short Interest: Shares Quantity	4,492,202
Short Interest: % Change Since 10312025	-20.0%
Average Daily Volume	1,924,059
Days-to-Cover Short Interest	2.33
Basic Shares Quantity	130,315,000
Short % of Basic Shares	3.4%

Returns Analyses

	Title
0	Would You Still Hold Flowserve Stock If It Fell 30%?
1	Flowserve Stock Return Comparison
2	Flowserve Total Shareholder Return (TSR): -14.8% in 2021 and -5.0% 3-yr returns (below peer average)

SEC Filings

Expand for More

Report Date	Filing Date	Filing
9302025	10282025	10-Q 9/30/2025
6302025	7302025	10-Q 6/30/2025
3312025	4292025	10-Q 3/31/2025
12312024	2262025	10-K 12/31/2024
9302024	10282024	10-Q 9/30/2024
6302024	7292024	10-Q 6/30/2024
3312024	4292024	10-Q 3/31/2024
12312023	2202024	10-K 12/31/2023
9302023	10252023	10-Q 9/30/2023
6302023	8012023	10-Q 6/30/2023
3312023	5012023	10-Q 3/31/2023
12312022	3072023	10-K 12/31/2022
9302022	10312022	10-Q 9/30/2022
6302022	7272022	10-Q 6/30/2022
3312022	5022022	10-Q 3/31/2022
12312021	2232022	10-K 12/31/2021

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Flowserve (FLS)

Market Price (12/4/2025): $71.13 | Market Cap: $9.3 BilSector: Industrials | Industry: Industrial Machinery & Supplies & Components

Flowserve (FLS)

Market Price (12/4/2025): $71.13Market Cap: $9.3 BilSector: IndustrialsIndustry: Industrial Machinery & Supplies & Components

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Pumps

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Market Price (12/4/2025): $71.13 | Market Cap: $9.3 Bil
Sector: Industrials | Industry: Industrial Machinery & Supplies & Components

Market Price (12/4/2025): $71.13
Market Cap: $9.3 Bil
Sector: Industrials
Industry: Industrial Machinery & Supplies & Components