Flowserve Corporation (FLS) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 26	$0.86	$0.95	+10.5%	—	—	—
Q2 26	$0.8	$0.85	+6.2%	—	—	—
Q1 26	$0.94	$1.11	+18.1%	—	—	—
Q4 25	$0.8	$0.9	+12.5%	—	—	—
Q3 25	$0.78	$0.91	+16.7%	—	—	—
Q2 25	$0.6	$0.62	+3.3%	—	—	—
Q1 25	$0.77	$0.7	-9.1%	—	—	—
Q4 24	$0.67	$0.62	-7.5%	—	—	—
Q3 24	$0.63	$0.73	+15.9%	—	—	—
Q2 24	$0.47	$0.58	+23.4%	—	—	—
Q1 24	$0.6	$0.68	+13.3%	—	—	—
Q4 23	$0.43	$0.5	+16.3%	—	—	—
Q3 23	$0.4	$0.52	+30.0%	—	—	—
Q2 23	$0.25	$0.4	+60.0%	—	—	—
Q1 23	$0.53	$0.63	+18.9%	—	—	—
Q4 22	$0.23	$0.09	-60.9%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$2.66	—	—	$4.7B	—
FY24	—	$2.15	—	—	$4.6B	—
FY23	—	$0.48	—	—	$4.3B	—
FY22	—	$1.44	—	—	$3.6B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$4B	$3.7B	$3.8B	$3.9B	$3.7B	$3.5B	$3.6B	$4.3B	$4.6B	$4.7B
YoY change	-12.4%	-8.26%	+4.78%	+2.71%	-5.37%	-5.02%	+2.09%	+19.5%	+5.49%	+3.76%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	4B	3.7B	3.8B	3.9B	3.7B	3.5B	3.6B	4.3B	4.6B	4.7B
Cost of revenue	2.8B	2.6B	2.6B	2.7B	2.6B	2.5B	2.6B	3B	3.1B	3.1B
Gross profit	1.2B	1.1B	1.2B	1.3B	1.1B	1B	994.3M	1.3B	1.4B	1.6B
Gross margin	31%	29.7%	31%	32.7%	30%	29.6%	27.5%	29.6%	31.5%	33.4%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	965.4M	901.7M	966.6M	913.2M	878.2M	797.1M	815.5M	961.2M	978M	1.1B
Operating expenses	965.4M	901.7M	966.6M	913.2M	878.2M	797.1M	815.5M	961.2M	978M	1.1B
Operating income	271.4M	187.2M	224.3M	376.1M	238.5M	252.6M	178.8M	315.7M	456.2M	519.3M
Operating margin	6.8%	5.11%	5.85%	9.55%	6.4%	7.13%	4.94%	7.31%	10%	11%
Non-operating income, net	-1.2M	132.1M	-16.2M	-7.1M	15.8M	-64.2M	17.9M	-32M	-6.1M	76.3M
Pretax income	212.9M	263M	156.4M	322.4M	202.3M	133.6M	154.4M	223.8M	386.2M	525.4M
Income tax	77.4M	258.7M	46.5M	75.5M	61.4M	-2.6M	-43.6M	18.6M	84.9M	155.6M
Net income	135.5M	4.3M	109.9M	246.9M	140.9M	136.2M	198M	205.2M	301.2M	369.8M
Net margin	3.4%	0.12%	2.86%	6.27%	3.78%	3.85%	5.48%	4.75%	6.61%	7.82%
EBITDA	397.5M	299.9M	334.8M	483.3M	360.4M	335.4M	291.6M	374.4M	554M	838.7M
EPS	1.02	0.02	0.91	1.94	0.89	0.97	1.44	0.48	2.15	2.66
Diluted EPS	1.01	0.02	0.91	1.93	0.89	0.96	1.44	0.47	2.14	2.64

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	—	1.2B	—	—	—	—	—	—	1.2B	1.2B	1.1B	1.2B
Cost of revenue	—	825.6M	—	—	—	—	—	—	794.1M	797M	688.4M	784.4M
Gross profit	—	339.5M	—	—	—	—	—	—	380.3M	425.2M	379.8M	384.7M
Gross margin	—	29.1%	—	—	—	—	—	—	32.4%	34.8%	35.6%	32.9%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	234.7M	—	—	—	—	—	—	305.2M	247.9M	263.4M	266.3M
Operating expenses	—	234.7M	—	—	—	—	—	—	305.2M	247.9M	263.4M	266.3M
Operating income	—	104.8M	—	—	—	—	—	—	75.1M	177.4M	116.4M	118.4M
Operating margin	—	8.99%	—	—	—	—	—	—	6.4%	14.5%	10.9%	10.1%
Non-operating income, net	—	-17.9M	—	—	—	—	—	—	260.4M	-153.5M	10M	20.9M
Pretax income	—	71.4M	—	—	—	—	—	—	317.5M	6.8M	107.5M	118.7M
Income tax	—	4M	—	—	—	—	—	—	93.7M	28.5M	21.1M	17.1M
Net income	—	67.4M	—	—	—	—	—	—	223.9M	-21.7M	86.4M	101.6M
Net margin	—	5.79%	—	—	—	—	—	—	19.1%	-1.78%	8.08%	8.69%
EBITDA	—	109M	—	—	—	—	—	—	360.7M	189.2M	152M	168.6M
EPS	0.35	—	0.56	0.55	0.44	0.59	0.56	0.62	1.69	-0.23	0.64	0.78
Diluted EPS	0.35	—	0.56	0.55	0.44	0.59	0.56	0.62	1.67	-0.23	0.64	0.77

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	6.3B	5.5B	5B	6.5B	4.8B	4B	4B	5.4B	7.6B	9B	9.5B
Enterprise value	7.5B	6.4B	5.8B	7.4B	5.6B	4.8B	5B	6.3B	8.6B	10B	11B
Shares outstanding	130.4M	130.6M	130.8M	131M	130.4M	130.3M	130.6M	131.2M	131.5M	130M	130M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	46.2	1.3K	45.3	26.4	34.1	29.3	20.2	26.4	25.1	24.4	25.9
P/S	1.57	1.5	1.3	1.66	1.29	1.13	1.11	1.25	1.66	1.91	2.05
P/B	3.83	3.29	2.99	3.68	2.73	2.17	2.16	2.74	3.69	4	4.19
EV/EBITDA	18.8	21.3	17.4	15.3	15.7	14.4	17.3	16.7	15.5	11.9	15.4
EV/Sales	1.87	1.74	1.52	1.88	1.51	1.36	1.39	1.45	1.88	2.12	2.38
Earnings yield	2.16%	0.08%	2.21%	3.79%	2.93%	3.42%	4.94%	3.79%	3.98%	4.1%	3.86%
FCF yield	2.41%	4.53%	2.15%	3.81%	5.27%	4.9%	-2.9%	4.78%	4.55%	4.82%	4.52%
PEG	—	—	—	—	—	—	—	—	—	—	1

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	31%	29.7%	31%	32.7%	30%	29.6%	27.5%	29.6%	31.5%	33.4%	32.9%
Operating margin	6.8%	5.11%	5.85%	9.55%	6.4%	7.13%	4.94%	7.31%	10%	11%	13.9%
Net margin	3.4%	0.12%	2.86%	6.27%	3.78%	3.85%	5.48%	4.75%	6.61%	7.82%	8.01%
ROE	8.28%	0.26%	6.62%	13.9%	8%	7.41%	10.7%	10.4%	14.7%	16.4%	16.9%
ROA	2.88%	0.09%	2.38%	5%	2.65%	2.87%	4.13%	4.02%	5.48%	6.48%	6.47%
ROIC	6.08%	0.12%	6.24%	10.8%	6.38%	9.42%	6.2%	10.2%	11.6%	11.2%	8.82%
Return on tangible assets	7.25%	0.21%	5.97%	11.3%	5.57%	6.64%	9.06%	8.21%	11.8%	14.6%	18.2%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.95	2.06	2.2	2.24	2.54	2.11	1.97	1.88	1.98	2.03	2.15
Quick ratio	1.19	1.35	1.62	1.65	1.96	1.51	1.33	1.27	1.41	1.5	1.58
Debt / equity	0.96	0.94	0.89	0.88	1.1	0.82	0.79	0.71	0.82	0.78	1
Debt / assets	0.33	0.32	0.32	0.32	0.36	0.32	0.31	0.27	0.31	0.31	0.37
Net debt / EBITDA	3.03	2.91	2.58	1.85	2.34	2.52	3.52	2.29	1.83	1.19	1.82
Interest coverage	4.54	5.4	3.69	6.86	4.6	3.32	4.34	4.34	6.57	7.76	7.52
Effective tax rate	36.3%	98.4%	29.8%	23.4%	30.4%	0%	0%	8.3%	22%	29.6%	29.1%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	30.6	28	29.3	30.1	28.6	27.2	27.7	32.9	34.7	36.4	36.2
EPS (basic)	1.02	0.02	0.91	1.94	0.89	0.97	1.44	0.48	2.15	2.66	2.66
EPS (diluted)	1.01	0.02	0.91	1.93	0.89	0.96	1.44	0.47	2.14	2.64	2.87
Book value per share	12.6	12.8	12.7	13.5	13.5	14.1	14.2	15.1	15.6	17.3	17.8
FCF per share	1.16	1.91	0.82	1.9	1.94	1.5	-0.89	1.97	2.62	3.35	3.21
Cash per share	2.81	5.39	4.74	5.12	8.4	5.05	3.33	4.16	5.14	5.85	5.75
Capex per share	0.03	0.04	0.05	0.32	—	—	—	—	—	0.55	0.6

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.08%	0.15%	0.16%	1.07%	—	—	—	—	—	1.5%	1.65%
Capex / operating cash flow	1.04%	2.35%	3.95%	12.8%	—	—	—	—	—	14%	15.7%
Payout ratio	72.1%	2.3K%	90.5%	40.3%	73.9%	76.8%	52.8%	51.2%	36.7%	29.6%	30%
Dividend yield	1.56%	1.8%	2%	1.53%	2.17%	2.62%	2.61%	1.94%	1.46%	1.22%	1.19%

Yield

1.19%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.22

ex-dividend Sep 25, 2026

Payout ratio

30%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 25, 2026	$0.22
Jun 26, 2026	$0.22
Mar 27, 2026	$0.22

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	—	$1.2B	—	—	—	—	—	—	$1.2B	$1.2B	$1.1B	$1.2B
YoY change	—	+12.1%	—	—	—	—	—	—	—	—	—	—

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	367.2M	703.4M	619.7M	671M	1.1B	658.5M	435M	545.7M	675.4M	760.2M
Receivables	882.6M	856.7M	792.4M	783.6M	749.2M	715M	852.6M	867.8M	956.5M	1B
Inventory	897.7M	884.3M	633.9M	660.8M	667.2M	678.3M	803.2M	879.9M	837.3M	789.9M
Total current assets	2.3B	2.6B	2.4B	2.5B	2.9B	2.4B	2.5B	2.7B	2.9B	3B
Property, plant & equipment	282M	201.4M	169.1M	330.3M	319M	268.2M	250.9M	235.3M	248.4M	253.3M
Goodwill & intangibles	2.8B	2.9B	2.8B	2.7B	2.8B	2.7B	2.6B	2.6B	2.9B	3.2B
Total assets	4.7B	4.9B	4.6B	4.9B	5.3B	4.7B	4.8B	5.1B	5.5B	5.7B
Accounts payable	412.1M	443.1M	418.9M	447.6M	440.2M	410.1M	476.7M	547.8M	545.3M	554.2M
Short-term debt	85.4M	75.6M	68.2M	47.4M	44M	73.7M	81.9M	98.6M	77.6M	85.5M
Total current liabilities	1.2B	1.2B	1.1B	1.1B	1.1B	1.1B	1.2B	1.4B	1.5B	1.5B
Long-term debt	1.5B	1.5B	1.4B	1.5B	1.9B	1.4B	1.4B	1.3B	1.6B	1.7B
Total liabilities	3.1B	3.2B	3B	3.2B	3.6B	2.9B	2.9B	3.1B	3.4B	3.5B
Shareholders' equity	1.6B	1.7B	1.7B	1.8B	1.8B	1.8B	1.9B	2B	2.1B	2.3B
Total debt	1.6B	1.6B	1.5B	1.6B	1.9B	1.5B	1.5B	1.4B	1.7B	1.8B
Net debt	1.2B	871.8M	863.4M	893.9M	842.9M	843.8M	1B	858.9M	1B	1B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	480.5M	545.7M	532M	515.1M	611.7M	675.4M	540.8M	629.2M	833.8M	760.2M	792.4M	731M
Receivables	868.9M	867.8M	914.4M	1B	971.3M	956.5M	1B	1B	1B	1B	959M	1.1B
Inventory	916.1M	879.9M	883.3M	851.3M	862.5M	837.3M	841.5M	864.5M	847.7M	789.9M	809.6M	832.5M
Total current assets	2.6B	2.7B	2.8B	2.8B	2.9B	2.9B	2.9B	3B	3.2B	3B	3.1B	3.1B
Property, plant & equipment	649.1M	235.3M	662.7M	649.7M	672.8M	248.4M	704.2M	721.5M	727.8M	253.3M	724.4M	766.2M
Goodwill & intangibles	2.6B	2.6B	2.6B	2.6B	2.6B	2.9B	3B	3B	3B	3.2B	3.2B	4.2B
Total assets	5B	5.1B	5.1B	5.2B	5.3B	5.5B	5.5B	5.7B	5.8B	5.7B	5.7B	6.3B
Accounts payable	481.3M	547.8M	549.5M	557.1M	572.8M	545.3M	537.8M	573.4M	600.9M	554.2M	520.4M	543.3M
Short-term debt	92.9M	98.6M	98.1M	98.1M	100.9M	77.6M	77.9M	78.3M	81.4M	85.5M	88.4M	50.1M
Total current liabilities	1.3B	1.4B	1.5B	1.4B	1.4B	1.5B	1.4B	1.4B	1.5B	1.5B	1.4B	1.4B
Long-term debt	1.4B	1.3B	1.3B	1.4B	1.3B	1.6B	1.6B	1.6B	1.6B	1.7B	1.8B	2.3B
Total liabilities	3.1B	3.1B	3.2B	3.1B	3.2B	3.4B	3.4B	3.4B	3.5B	3.5B	3.5B	4B
Shareholders' equity	1.9B	2B	2B	2B	2.1B	2.1B	2.1B	2.3B	2.3B	2.3B	2.3B	2.3B
Total debt	1.5B	1.4B	1.4B	1.5B	1.4B	1.7B	1.7B	1.7B	1.7B	1.8B	1.9B	2.3B
Net debt	1B	858.9M	863.2M	939.7M	820.2M	1B	1.1B	1B	837.3M	1B	1.1B	1.6B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	135.5M	4.3M	109.9M	246.9M	140.9M	136.2M	198M	205.2M	301.2M	369.8M
Depreciation & amortization	116.8M	118.5M	112.5M	105.9M	100.8M	99.8M	91M	83.7M	85.6M	95.5M
Stock-based compensation	30.2M	22.8M	19.9M	23.9M	27.3M	29.5M	25.5M	27.8M	30.5M	38.3M
Change in working capital	35.6M	85.4M	-85.4M	-47.2M	-44.6M	-78.7M	-339M	-40.7M	-93.8M	107.8M
Operating cash flow	318.1M	231M	156.8M	329.5M	224.2M	186.8M	-24.5M	276.1M	323.5M	505.9M
Capital expenditure	3.3M	5.4M	6.2M	42.3M	—	—	—	—	—	-70.9M
Investing cash flow	1.5M	243.6M	8.7M	84.7M	15.7M	-4.5M	70.2M	-1.2M	-306.2M	-125.2M
Dividends paid	-97.7M	-99.2M	-99.4M	-99.6M	-104.2M	-104.6M	-104.5M	-105M	-110.4M	-109.6M
Share repurchases	0	0	0	-15M	-32.1M	-17.5M	0	0	-20.1M	-254.9M
Financing cash flow	-143.7M	-185.4M	-173.3M	-306.5M	147.6M	-599.7M	-195M	-433M	117.5M	-326.9M
Net change in cash	175.9M	289.3M	-7.7M	107.7M	387.5M	-417.4M	-149.3M	-158.2M	134.8M	53.8M
Free cash flow	150.8M	249.5M	106.8M	248.4M	253.1M	195.2M	-116.3M	258.4M	344.3M	435M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	—	—	—	—	—	—	—	—	223.9M	-21.7M	86.4M	101.6M
Depreciation & amortization	—	—	—	—	—	—	—	—	24.4M	22.8M	24.1M	24.3M
Stock-based compensation	—	—	—	—	—	—	—	—	7M	12.5M	10.7M	9.9M
Change in working capital	—	—	—	—	—	—	—	—	110.7M	50.6M	-30.7M	-32.2M
Operating cash flow	—	—	—	—	—	—	—	—	401.8M	-174K	-43.1M	129.2M
Capital expenditure	—	—	—	—	—	—	—	—	-17.2M	-25.4M	-16.9M	-16.9M
Investing cash flow	—	—	—	—	—	—	—	—	-17M	-80.7M	-7.2M	-16.8M
Dividends paid	—	—	—	—	—	—	—	—	-27.5M	-27M	-26.7M	-28.1M
Share repurchases	—	—	—	—	—	—	—	—	-145.1M	-56.9M	0	-25M
Financing cash flow	1.4M	320K	-9M	-1.3M	801K	-13.2M	-26.2M	-1.5M	-176.5M	4M	88.5M	346.2M
Net change in cash	1.4M	320K	-9M	-1.3M	801K	-13.2M	-26.2M	-1.5M	208.3M	-76.8M	38.3M	458.7M
Free cash flow	—	—	—	—	—	—	—	—	384.7M	-25.6M	-60M	112.3M

Date	Ratio
Jun 24, 2013	3:1
Mar 28, 1994	3:2
Mar 21, 1989	3:2
Mar 30, 1981	3:2

Flowserve Corporation Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history