# Flowserve Corporation (FLS) — Stock CV

Flowserve Corporation 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.

> 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.

## Identity

- **Ticker**: FLS
- **Sector**: Industrials
- **Industry**: Pumps & Pumping Equipment
- **Headquarters**: IRVING, TX
- **Employees**: 16 000
- **Website**: https://www.flowserve.com
- **Market cap**: $9.19B
- **Last price**: $72.28
- **Financial profile**: Strong

## Vitals (TTM)

- **Revenue**: $4.63B
- **Net income**: $371M
- **Free cash flow**: $411M
- **Net debt**: $815M
- **P/E**: 24.7
- **Revenue growth (YoY)**: -0.3%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 69 |
| Growth | 87 |
| Profitability | 57 |
| Health | 80 |
| Quality | 100 |
| Moat | 43 |

## Qualifications (beginner checklist) — 10 of 11 passed

- [ ] Revenue growing — -0.3% YoY
- [x] Profitable — $371M TTM
- [x] Profit growing — +22.5% YoY
- [x] Generates cash — $411M TTM
- [x] Debt under control — ~2.0y of cash flow to repay
- [x] Established company — $9.19B market cap
- [x] Not printing shares — +0.2% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [x] Financially stable — Altman Z 3.2 — safe
- [x] Pays a dividend — yield 1.19%
- [x] Valuation not extreme — P/E 24.7

## Experience (career milestones)

- **FY2025** — Best year on record: $346M net income
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $1B: $3.99B in first reported year
- **2015** — Flowserve acquired SIHI
- **2013** — It acquired a manufacturing plant from L&T Valves situated in Maraimalainagar, Tamil Nadu
- **2011** — Flowserve acquired Lawrence Pumps Inc
- **1997** — The Flowserve brand name originated in 1997 with a merger of BW/IP (Borg-Warner/IP International) and Durco…

## 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

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $3.54B | $126M | $195M |
| FY2022 | $3.62B | $189M | -$116M |
| FY2023 | $4.32B | $187M | $258M |
| FY2024 | $4.56B | $283M | $344M |
| FY2025 | $4.73B | $346M | $435M |

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Source: https://stockcv.com/FLS — derived from company filings; may be delayed or incomplete. Information, not investment advice.