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Flowserve

FLS NYSE Industrial Machinery & Supplies & Components Financials FY2016–FY2025

Flowserve's revenue rose 3.8% to $4.7 billion in fiscal 2025. Its operating margin was 8.5%, down from 10.1% a year earlier. Free cash flow was $435 million, up 26.3%. It paid out $364 million in dividends and buybacks, 84% of free cash flow. The diluted share count fell 1.0%.

Last close · Oct 23, 2026

$68.20

0.6%
Value it Compare
Revenue Total sales reported in the income statement.
$4.7B
3.8% vs prior year
Operating margin Operating income as a share of revenue.
8.5%
1.7 pts
Net income Profit after all expenses, interest and tax.
$346M
22.4%
Free cash flow Cash from operations minus capital spending.
$435M
26.3%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
9.4%
3.5 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$8.8B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
23.8x
On $2.87 EPS (TTM)

About these figures. Flowserve tags a zero under its plain revenue label, so revenue comes from its total revenue from contracts with customers.

What Flowserve does

No business description yet.

Legal name
FLOWSERVE CORP
Fiscal year ends
December 31, 2025
Latest annual report
—
Accession · CIK
0000030625-26-000003
0000030625

Revenue and margins

Flowserve had $4.7B of revenue in fiscal 2025, up 3.8% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2016 to 2025, diluted EPS grew 11.3% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $435M in fiscal 2025, 9.2% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Flowserve returned $365M to shareholders in fiscal 2025, 84% of free cash flow. The diluted share count fell 1.0%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Flowserve yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$845M and divides by 131.0M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 23.8x · peers 22.1x · sector 26.0x.

Balance sheet

Cash, debt and the ratios that show how comfortably Flowserve can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $659M$435M$546M$675M$760M
Debt incl. finance leases $1.3B$1.3B$1.3B$1.5B$1.6B
Net debt / EBITDA 1.8x3.0x1.7x1.6x1.7x
Debt / equity 0.7x0.7x0.7x0.8x0.7x
Interest coverage 4.7x4.3x5.0x6.7x5.1x
Current ratio 2.1x2.0x1.9x2.0x2.0x
Quick ratio 1.5x1.3x1.3x1.4x1.5x
Total assets $4.7B$4.8B$5.1B$5.5B$5.7B
Total liabilities $2.9B$2.9B$3.1B$3.4B$3.5B
Shareholders' equity $1.8B$1.8B$1.9B$2.0B$2.2B
Net debt (− = net cash) $661M$856M$707M$849M$845M

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.2M

2 insiders

Sold, 12 months

$20.2M

6 insiders

Of sales under plans

0%

$0.0M

DateInsiderTradeSharesPriceValueFiling
May 18, 2026 Michael C. McMurrayDirector Bought 2,500 $65.71 $0.2M Form 4
May 14, 2026 Brian D SavoyDirector Bought 1,000 $67.34 $0.1M Form 4
Feb 17, 2026 Kenneth I SiegelDirector Sold 3,229 $89.50 $0.3M Form 4
Feb 17, 2026 Michael C. McMurrayDirector Sold 7,663 $89.96 $0.7M Form 4
Dec 2, 2025 Robert Scott RowePresident & CEO, Director Sold 212,683 $70.48 $15.0M Form 4
Nov 11, 2025 Lamar L. DuhonPresident, Fpd Sold 1,609 $69.51 $0.1M Form 4
Nov 4, 2025 Amy B SchwetzChief Financial Officer Sold 47,000 $71.02 $3.3M Form 4
Nov 4, 2025 Susan Claire HudsonChief Legal Officer Sold 10,667 $70.01 $0.7M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✕ ✓ ✓
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✓ ✕ ✓
Current ratio rose ✕ ✓ ✓
Share count didn't rise ✕ ✕ ✓
Gross margin rose ✓ ✓ ✓
Revenue rose relative to assets ✓ ✕ ✕
F-score 6 / 96 / 98 / 9
Accruals ratio −2.8%−2.7%−2.9%
Altman Z'' 5.185.295.36

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Flowserve FLS $8.8B 3.8% 8.5% 9.2% 9.4% 23.8x 8
Timken TKR $7.7B 0.2% 11.8% 8.9% 8.6% 29.6x 6 Compare →
Snap-on SNA $18.7B 0.9% 25.8% 19.5% 19.2% 18.6x 6 Compare →
Lincoln Electric LECO $14.1B 5.6% 17.0% 12.6% 24.5% 25.5x 7 Compare →
Mueller Industries MLI $11.9B 10.9% 22.9% 16.4% 40.3% 15.8x 6 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $4.0B $3.7B $3.8B $3.9B $3.7B $3.5B $3.6B $4.3B $4.6B $4.7B
Gross profit $1.2B $1.1B $1.2B $1.3B $1.1B $1.0B $994M $1.3B $1.4B $1.6B
Research and development $42.8M $38.6M $39.6M $42.0M $36.1M $34.2M $39.9M $48.7M $69.9M $54.1M
Operating income $277M $341M $228M $387M $250M $271M $197M $334M $462M $400M
Interest expense $60.1M $59.7M $58.2M $55.0M $56.2M $57.6M $46.2M $66.9M $69.3M $77.7M
Pretax income $213M $263M $156M $322M $202M $134M $154M $224M $386M $525M
Income tax $77.4M $259M $46.5M $75.5M $61.4M −$2.6M −$43.6M $18.6M $84.9M $156M
Net income $133M $2.7M $105M $239M $130M $126M $189M $187M $283M $346M
Diluted EPS $1.01 $0.02 $0.80 $1.81 $1.00 $0.96 $1.44 $1.42 $2.14 $2.64
Diluted shares 0.13B 0.13B 0.13B 0.13B 0.13B 0.13B 0.13B 0.13B 0.13B 0.13B
Cash flow
Cash from operations $241M $311M $191M $324M $311M $250M −$40.0M $326M $425M $506M
Capital expenditure $89.7M $61.6M $84.0M $75.7M $57.4M $54.9M $76.3M $67.4M $81.0M $70.9M
Free cash flow $151M $249M $107M $248M $253M $195M −$116M $258M $344M $435M
Depreciation and amortization $117M $119M $113M $106M $101M $99.8M $91.0M $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
Acquisitions $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $306M $65.9M
Share buybacks $0.0M $0.0M $0.0M $15.0M $32.1M $17.5M $0.0M $0.0M $20.1M $255M
Dividends paid $97.7M $99.2M $99.4M $99.6M $104M $105M $105M $105M $110M $110M
Dividends and buybacks $97.8M $99.2M $99.4M $115M $136M $122M $105M $105M $131M $365M
Balance sheet
Cash and short-term investments $367M $703M $620M $671M $1.1B $659M $435M $546M $675M $760M
Total debt $1.6B $1.6B $1.5B $1.4B $1.7B $1.3B $1.3B $1.2B $1.5B $1.6B
Finance lease liabilities $0.0M $0.0M $0.0M $11.8M $18.3M $16.5M $17.9M $19.4M $20.0M $29.8M
Current assets $2.3B $2.6B $2.4B $2.5B $2.9B $2.4B $2.5B $2.7B $2.9B $3.0B
Current liabilities $1.2B $1.2B $1.1B $1.1B $1.1B $1.1B $1.2B $1.4B $1.5B $1.5B
Inventory $898M $884M $634M $661M $667M $678M $803M $880M $837M $790M
Property and equipment, net $725M $672M $610M $564M $557M $516M $501M $506M $540M $567M
Total assets $4.7B $4.9B $4.6B $4.9B $5.3B $4.7B $4.8B $5.1B $5.5B $5.7B
Total liabilities $3.1B $3.3B $3.0B $3.2B $3.6B $2.9B $2.9B $3.1B $3.4B $3.5B
Shareholders' equity $1.6B $1.7B $1.6B $1.7B $1.7B $1.8B $1.8B $1.9B $2.0B $2.2B
Margins
Gross margin 31.0% 29.8% 31.1% 32.7% 30.0% 29.6% 27.5% 29.6% 31.5% 33.4%
Operating margin 6.9% 9.3% 5.9% 9.8% 6.7% 7.7% 5.5% 7.7% 10.1% 8.5%
EBITDA margin 9.9% 12.6% 8.9% 12.5% 9.4% 10.5% 8.0% 9.7% 12.0% 10.5%
Net margin 3.3% 0.1% 2.7% 6.1% 3.5% 3.6% 5.2% 4.3% 6.2% 7.3%
FCF margin 3.8% 6.8% 2.8% 6.3% 6.8% 5.5% −3.2% 6.0% 7.6% 9.2%
Returns
Return on capital 6.1% 6.4% 6.4% 11.9% 7.1% 11.0% 7.6% 11.3% 12.9% 9.4%
Return on capital employed 7.8% 9.5% 6.3% 10.5% 6.3% 7.0% 5.5% 9.2% 12.0% 9.7%
Return on equity 8.1% 0.2% 6.3% 14.1% 7.5% 7.1% 10.4% 9.9% 14.3% 16.5%
Return on assets 2.7% 0.1% 2.2% 5.0% 2.5% 2.5% 4.0% 3.8% 5.3% 6.2%
Growth
Revenue growth — −8.3% 4.8% 2.7% −5.4% −5.0% 2.1% 19.5% 5.5% 3.8%
Net income growth −48.7% −98.0% 3,840.7% 128.5% −45.4% −3.4% 49.8% −1.0% 51.4% 22.5%
EPS growth −47.7% −98.0% 3,900.0% 126.3% −44.8% −4.0% 50.0% −1.4% 50.7% 23.4%
FCF growth −41.8% 65.5% −57.2% 132.5% 1.9% −22.9% −159.6% — 33.2% 26.3%
Share count change −2.1% 0.3% −0.1% 0.3% −0.5% −0.2% 0.4% 0.5% 0.3% −1.0%
Financial health
Net debt / EBITDA 3.1x 1.9x 2.5x 1.5x 1.9x 1.8x 3.0x 1.7x 1.6x 1.7x
Debt / equity 1.0x 1.0x 0.9x 0.8x 1.0x 0.7x 0.7x 0.7x 0.8x 0.7x
Interest coverage 4.6x 5.7x 3.9x 7.0x 4.5x 4.7x 4.3x 5.0x 6.7x 5.1x
Current ratio 2.0x 2.1x 2.2x 2.2x 2.5x 2.1x 2.0x 1.9x 2.0x 2.0x
Quick ratio 1.2x 1.4x 1.6x 1.7x 2.0x 1.5x 1.3x 1.3x 1.4x 1.5x
Capital allocation
Capex / revenue 2.3% 1.7% 2.2% 1.9% 1.5% 1.6% 2.1% 1.6% 1.8% 1.5%
Stock comp / revenue 0.8% 0.6% 0.5% 0.6% 0.7% 0.8% 0.7% 0.6% 0.7% 0.8%
Payouts / FCF 64.8% 39.8% 93.1% 46.1% 53.8% 62.6% — 40.6% 37.9% 83.8%
Quality scores
Piotroski F-score 7.0 4.0 9.0 8.0 5.0 5.0 3.0 6.0 6.0 8.0
Altman Z'' 5.0 5.1 5.2 5.4 5.3 5.3 5.2 5.2 5.3 5.4
Accruals ratio −2.2% −6.4% −1.8% −1.8% −3.5% −2.5% 4.8% −2.8% −2.7% −2.9%

Source: SEC EDGAR XBRL filings (CIK 0000030625). Data updated October 16, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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