FLOWSERVE CORP FLS
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.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2.66 | 2.15 | 1.42 | 1.44 | 0.97 | 1.00 | 1.82 | 0.80 | 0.02 | 1.02 |
| EPS, diluted | 2.64 | 2.14 | 1.42 | 1.44 | 0.96 | 1.00 | 1.81 | 0.80 | 0.02 | 1.01 |
| Shares, diluted (wtd. avg.) | $131.0M | $132.4M | $131.9M | $131.3M | $130.9M | $131.1M | $131.7M | $131.3M | $131.4M | $131.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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.
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