FLOWSERVE CORP FLS

Industrials SIC 3561 - Pumps & Pumping Equipment NAICS Manufacturing › Machinery Manufacturing › Other General Purpose Machinery Manufacturing › Pump and Compressor Manufacturing › Measuring, Dispensing, and Other Pumping Equipment Manufacturing derived NYSE

Flowserve's goal is to create extraordinary flow control solutions to make the world better for everyone. We are a world-leading manufacturer and aftermarket service provider of comprehensive flow control systems. We develop and manufacture precision-engineered flow control equipment integral to the movement, control and protection of the flow of materials in our customers' critical processes. Our product portfolio of pumps, valves, seals, automation and aftermarket services supports global infrastructure industries, including energy, chemical, power generation and general, which includes water management and pharmaceuticals, where our products and services enable customers to achieve their goals. Through our manufacturing platform and global network of Quick Response Centers ("QRCs"), we offer a broad array of aftermarket equipment services, such as installation, advanced diagnostics and turnkey maintenance programs.

Last close 68.20 2026-10-23
Market cap $8.67B 2026-06-30 share count
52-week range 52.37 - 92.41

Valuation FY2025 figures against the last close

P/S1.8x
P/E25.8x
P/FCF19.9x
EV/EBITDA19.1x
Dividend yield1.3%
Diluted EPS2.64

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • FPD
  • FCD
Revenue by segment, 2 categories over 3 years. The same figures are in the table below. FY2025 FPD, FY2025: 3.2B (68.3%) 68% FPD FCD, FY2025: 1.5B (31.7%) 32% FCD FY2024 FPD, FY2024: 3.2B (69.2%) 69% FCD, FY2024: 1.4B (30.8%) 31% FY2023 FPD, FY2023: 3.1B (70.8%) 71% FCD, FY2023: 1.3B (29.2%) 29%
Segment FY2025FY2024FY2023
FPD $3.23B $3.15B $3.06B
FCD $1.50B $1.40B $1.26B

As the company reported it, from the “Revenue Recognition (Disaggregation of Revenue) (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $4.73B$4.56B$4.32B$3.62B$3.54B$3.73B$3.94B$3.84B$3.66B$3.99B
Cost of revenue $3.15B$3.12B$3.04B$2.62B$2.49B$2.61B$2.65B$2.64B$2.57B$2.75B
Gross profit $1.58B$1.43B$1.28B$994.3M$1.05B$1.12B$1.29B$1.19B$1.09B$1.24B
R&D $54.1M$69.9M$48.7M$39.9M$34.2M$36.1M$42.0M$39.6M$38.6M$42.8M
SG&A $1.06B$978.0M$961.2M$815.5M$797.1M$878.2M$913.2M$966.6M$901.7M$965.4M
Operating income $399.9M$462.3M$333.6M$197.2M$270.8M$250.3M$386.6M$227.7M$341.1M$276.7M
Interest expense $77.7M$69.3M$66.9M$46.2M$57.6M$56.2M$55.0M$58.2M$59.7M$60.1M
Pre-tax income $525.4M$386.2M$223.8M$154.4M$133.6M$202.3M$322.4M$156.4M$263.0M$212.9M
Income tax $155.6M$84.9M$18.6M$43.6M$2.6M$61.4M$75.5M$46.5M$258.7M$77.4M
Net income $346.2M$282.8M$186.7M$188.7M$125.9M$130.4M$238.8M$104.5M$2.7M$132.5M
EPS, basic 2.662.151.421.440.971.001.820.800.021.02
EPS, diluted 2.642.141.421.440.961.001.810.800.021.01
Shares, diluted (wtd. avg.) 131.0M132.4M131.9M131.3M130.9M131.1M131.7M131.3M131.4M131.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $760.2M$675.4M$545.7M$435.0M$658.5M$1.10B$671.0M$619.7M$703.4M$367.2M
Receivables $1.03B$976.7M$881.9M$868.6M$739.2M$753.5M$795.5M$792.4M$856.7M$882.6M
Inventory $789.9M$837.3M$879.9M$803.2M$678.3M$667.2M$660.8M$633.9M$884.3M$897.7M
Total current assets $3.04B$2.90B$2.70B$2.45B$2.39B$2.90B$2.51B$2.38B$2.56B$2.30B
Property, plant and equipment —————$556.9M$563.6M$610.1M$671.8M$724.8M
Goodwill $1.39B$1.29B$1.18B$1.17B$1.20B$1.22B$1.19B$1.20B$1.22B$1.21B
Other intangibles $198.5M$188.6M$122.2M$134.5M$152.5M$168.5M$180.8M$190.6M$210.0M$214.5M
Total assets $5.71B$5.50B$5.11B$4.79B$4.75B$5.31B$4.94B$4.65B$4.91B$4.71B
Accounts payable $554.2M$545.3M$547.8M$476.7M$410.1M$440.2M$447.6M$418.9M$443.1M$412.1M
Short-term debt $49.9M$44.1M$66.2M$49.3M$41.1M$9.0M$11.3M$68.2M$75.6M$85.4M
Total current liabilities $1.50B$1.47B$1.44B$1.24B$1.13B$1.14B$1.12B$1.08B$1.24B$1.18B
Long-term debt $1.53B$1.46B$1.17B$1.22B$1.26B$1.72B$1.37B$1.41B$1.50B$1.49B
Retained earnings $4.26B$4.03B$3.85B$3.77B$3.69B$3.67B$3.65B$3.54B$3.50B$3.60B
Total equity $2.19B$2.01B$1.98B$1.86B$1.84B$1.76B$1.77B$1.63B$1.66B$1.64B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $505.9M$425.3M$325.8M-$40.0M$250.1M$310.5M$324.1M$190.8M$311.1M$240.5M
Depreciation and amortisation $95.5M$85.6M$83.7M$91.0M$99.8M$100.8M$105.9M$112.5M$118.5M$116.8M
Stock-based compensation $38.3M$30.5M$27.8M$25.5M$29.5M$27.3M$23.9M$19.9M$22.8M$30.2M
Capital expenditure $70.9M$81.0M$67.4M$76.3M$54.9M$57.4M$75.7M$84.0M$61.6M$89.7M
Investing cash flow -$125.2M-$387.2M-$68.6M-$6.1M-$59.5M-$41.7M-$33.4M-$81.5M$176.6M-$91.5M
Financing cash flow -$326.9M$117.5M-$153.0M-$150.0M-$599.7M$147.6M-$231.5M-$173.3M-$185.4M-$143.7M
Dividends paid $109.6M$110.4M$105.0M$104.5M$104.6M$104.2M$99.6M$99.4M$99.2M$97.7M
Buybacks $254.9M$20.1M$0$0$17.5M$32.1M$15.0M$0$0$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000030625-26-000003.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2B 4B 6B Revenue, FY2016: 4B Gross profit, FY2016: 1.2B Net income, FY2016: 132.5M Revenue, FY2017: 3.7B Gross profit, FY2017: 1.1B Net income, FY2017: 2.7M Revenue, FY2018: 3.8B Gross profit, FY2018: 1.2B Net income, FY2018: 104.5M Revenue, FY2019: 3.9B Gross profit, FY2019: 1.3B Net income, FY2019: 238.8M Revenue, FY2020: 3.7B Gross profit, FY2020: 1.1B Net income, FY2020: 130.4M Revenue, FY2021: 3.5B Gross profit, FY2021: 1B Net income, FY2021: 125.9M Revenue, FY2022: 3.6B Gross profit, FY2022: 994.3M Net income, FY2022: 188.7M Revenue, FY2023: 4.3B Gross profit, FY2023: 1.3B Net income, FY2023: 186.7M Revenue, FY2024: 4.6B Gross profit, FY2024: 1.4B Net income, FY2024: 282.8M Revenue, FY2025: 4.7B Gross profit, FY2025: 1.6B Net income, FY2025: 346.2M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $3.99B $3.66B $3.84B $3.94B $3.73B $3.54B $3.62B $4.32B $4.56B $4.73B
Gross profit $1.24B $1.09B $1.19B $1.29B $1.12B $1.05B $994.3M $1.28B $1.43B $1.58B
Net income $132.5M $2.7M $104.5M $238.8M $130.4M $125.9M $188.7M $186.7M $282.8M $346.2M

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • Charter or fiscal year changed Item 5.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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