Flowserve Corporation

Pumps & Pumping Equipment

FLSStrong10 of 11 basics passed

$72.28

+3.78%

Market cap $9.19B

$72.28

+3.78%

Market cap $9.19B

Flowserve Corp is a manufacturer and aftermarket service provider of comprehensive flow control systems. It develops precision-engineered flow control equipment to monitor movement and protect customers' materials and processes.

It is a $9.19B industrial company. Revenue shrank 0.3% over the last year, it keeps 8¢ of every dollar of sales as profit, and its net debt equals ~2.0 years of free cash flow. It trades at 24.7× earnings — in the cheapest third of its own history.

Website: flowserve.com
Location: Irving, TX
Employees: 16 000
Sector: Industrials

Share price · 3 years

$38.64 → $72.28+87.1%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $4.63B
Profit: keeps 8¢ of every $1 sold; $371M
Free cash flow: cash left after running the business; $411M
Net debt: debt minus cash on hand; $815M
P/E: years of profit in the price; 24.7
EPS: earnings per share, TTM; $2.83
Dividend: pays out 21% of profit · 27% of FCF; 1.19%
Shares: down 10% since 2016 — buybacks; 131.0M
Volatility: beta vs the market — under 1 swings less; 1.30

Revenue, last 10 years

52-week range

Low $49.09$72.28High $92.04

Today's price is 54% of the way from the year's low to its high.

P/E vs its history5y

24.7×median 27.8×

Higher than 24% of past days — in the cheapest third of its own history.

Valuation vs own history

P/E

24.7×

76%

P/S

2.0×

14%

EV/EBITDA

25.2×

19%

P/B

3.9×

19%

FCF yield

4.5%

52%

Share of the last ~5 years that was pricier than today (pricier than usual). Based on the daily valuation record.

Standing in Industrials

Size$9.19Btop 84%
Revenue growth+9%top 26%
Net margin8%top 60%
Return on equity17%top 59%
P/E24.7×top 44%
Dividend yield1.19%top 45%

Ranked against 130 Industrials companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Strong growth, health and quality; Moat lags behind.

Valuation69

P/E vs own history24th pct · 20/25
FCF yield4.5% · 12/25
P/S2.0x · 25/25
EV/EBITDA23.1x · 12/25

Growth87

Revenue CAGR7.5% · 12/25
Net income CAGR28.8% · 25/25
EPS CAGR ~5Y24.3% · 25/25
Fwd implied growth46.5% · 25/25

Profitability57

ROIC13.6% · 12/25
ROE16.6% · 20/25
Net margin8.0% · 13/25
Operating margin8.2% · 12/25

Health80

Altman Z3.18 · 25/25
Current ratio2.15 · 25/25
Interest coverage6.6x · 18/25
Net cash / debtD/A 14% · 12/25

Quality100

Piotroski F8/9 · 25/25
Beneish M-2.64 · 25/25
FCF conversion111% · 25/25
Margin stabilityσ 2.8% · 25/25

Moat43

ROIC >12% years2/10 yrs · 0/25
Median gross margin30.4% · 13/25
FCF-positive years9/10 yrs · 18/25
Worst-year net marginworst 0.1% · 12/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

FY2025Financial
Best year on record
$346M net income
FY2016Financial
Profitable every year on record
10 consecutive profitable years in our data
FY2016Financial
Revenue already above $1B
$3.99B in first reported year
2015Acquisition
Flowserve acquired SIHI
2013Acquisition
It acquired a manufacturing plant from L&T Valves situated in Maraimalainagar, Tamil Nadu
2011Acquisition
Flowserve acquired Lawrence Pumps Inc
1997Acquisition
The Flowserve brand name originated in 1997 with a merger of BW/IP (Borg-Warner/IP International) and Durco…

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$20 366 today — price return only

$4.7B revenue in FY2025

Profitable 10 years in a row

Positive free cash flow 3 years in a row

16 000 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

Interest covered 6.6× by operating earnings
Piotroski F-Score 8/9 — fundamentally strong checklist
Altman Z-Score 3.18 — low bankruptcy-risk zone

Watch-outs

Revenue shrinking 0.3% year over year

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

10 of 11 checks passed

Revenue growing — the company sells more than a year ago-0.3% YoY
Profitable — makes more than it spends$371M TTM
Profit growing — earnings are higher than last year+22.5% YoY
Generates cash — cash left after running and investing$411M TTM
Debt under control — could handle its obligations~2.0y of cash flow to repay
Established company — not a micro-cap — lower blow-up risk$9.19B market cap
Not printing shares — share count not ballooning — you keep your slice+0.2% shares over ~5y
Proven track record — years of profitability behind it10/10 profitable years
Financially stable — balance sheet not near distressAltman Z 3.2 — safe
Pays a dividend — returns cash to shareholdersyield 1.19%
Valuation not extreme — price not wildly above earningsP/E 24.7

Peer comparisonFlowserve Corporation vs 6 largest industrials peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
FLS this company	$9.2B	24.7	-0.3%	8.0%	Strong
LRCX Lam Research Corp	$399.2B	54.9	+26.0%	31.3%	Strong
CAT Caterpillar Inc.	$368.0B	33.9	+18.4%	14.5%	Solid
RTX RTX Corporation	$251.3B	32.4	+11.8%	8.3%	Strained
DE Deere & Company	$167.7B	34.4	+8.3%	10.2%	Solid
ETN Eaton Corporation, plc	$167.2B	43.6	+15.5%	12.8%	Mixed
UNP Union Pacific Corp.	$166.8B	22.6	+4.2%	28.8%	Strained

Head-to-head: FLS vs LRCX · FLS vs CAT · FLS vs RTX

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 6Buy 5Hold 6

Appendix · Financial records

The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $4.63B · net income $371M (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

How FY2025 revenue flows to profit

RevenueNet income

Revenue (TTM)

$4.63B

YoY -0.3%

Net income (TTM)

$371M

Margin 8.0%

Gross margin

35.8%

Operating margin

8.2%

P/E ratio

24.7

Dividend yield

1.19%

Income statement — full detail

Figures in USD billions · EPS in USD

	2020	2021	2022	2023	2024	2025
Revenue	3.7	3.5	3.6	4.3	4.6	4.7
Gross profit	1.1	1.0	1.0	1.3	1.4	1.6
Operating income (EBIT)	0.3	0.3	0.2	0.3	0.5	0.4
Net income	0.1	0.1	0.2	0.2	0.3	0.3
EPS (diluted)	0.89	0.96	1.45	1.42	2.14	2.64

Cash flowFree cash flow $411M · operating cash flow $488M (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

$411M

Margin 8.9%

Operating cash flow (TTM)

$488M

FCF margin

8.9%

Cash flow statement — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Operating cash flow	0.3	0.3	-0.0	0.3	0.4	0.5
Capital expenditure	-0.1	-0.1	-0.1	-0.1	-0.1	-0.1
Free cash flow	0.3	0.2	-0.1	0.3	0.3	0.4
FCF margin	6.8%	5.5%	-3.2%	6.0%	7.6%	9.2%

Balance sheetAssets $5.71B · net debt $815M (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $5.71B of assets is financed

62%

38%

Liabilities $3.52B — borrowed moneyEquity $2.19B — owners' stake

Cash vs debt

Total debt $1.58B − cash $760M = net debt $815M

Cash on hand covers 48% of debt.

Altman Z-Score

3.18

Safe zone

Debt repayment

3.9 yrs

Years of free cash flow to clear net debt

Interest coverage

6.6x

EBIT ÷ interest expense

ROE

16.6%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Cash & equivalents	1.1	0.7	0.4	0.5	0.7	0.8
Total assets	5.3	4.7	4.8	5.1	5.5	5.7
Total liabilities	3.6	2.9	2.9	3.2	3.5	3.5
Total debt	1.7	1.3	1.5	1.2	1.5	1.6
Equity	1.7	1.8	1.9	1.9	2.0	2.2
Net debt	0.6	0.6	1.0	0.7	0.8	0.8

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of FLS on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $72.28 · market cap $9.19B.