Flowserve Corporation
- Open
- 78.34
- Day high
- 78.97
- Day low
- 77.74
- Prev close
- 77.74
- Volume
- 35K
- Mkt cap
- $10.0B
- P/E (TTM)
- 27.3
- EPS (TTM)
- $2.88
- P/B
- 4.4
- P/S
- 2.2
- Yield
- 1.09%
- Per share
- $0.86
Flowserve Corporation (FLS) is a Industrials company listed on NYSE. The stock is up 45% over the past year. Drillr has 1 published research article covering FLS.
Flowserve Corporation (FLS) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 4 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
FLS earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 30, 2026 | $0.86 | $0.95 | +10.5% | $1.2B | +0.9% |
| Apr 30, 2026 | $0.82 | $0.85 | +3.7% | $1.1B | -8.5% |
| Feb 5, 2026 | $0.94 | $1.11 | +18.1% | $1.2B | +2.5% |
| Jul 29, 2025 | $0.78 | $0.91 | +16.7% | $1.2B | -2.6% |
| Feb 18, 2025 | $0.77 | $0.70 | -9.1% | $1.2B | -2.3% |
| Feb 20, 2024 | $0.63 | $0.68 | +8.6% | $1.2B | +1.8% |
| Oct 25, 2023 | $0.41 | $0.50 | +22.0% | $1.1B | +6.4% |
| Aug 1, 2023 | $0.40 | $0.52 | +30.0% | $1.1B | +10.3% |
| May 1, 2023 | $0.26 | $0.40 | +53.8% | $980M | +2.0% |
| Feb 21, 2023 | $0.61 | $0.63 | +3.3% | $1.0B | +2.4% |
| Oct 31, 2022 | $0.24 | $0.09 | -62.5% | $873M | +0.5% |
| Jul 27, 2022 | $0.26 | $0.30 | +15.4% | $882M | -0.6% |
FLS insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Sep 1, 2026 | Hudson Susan Claireofficer: Chief Legal Officer | Grant | 31 | $79.09 |
| Aug 12, 2026 | CHANDY RUBY Rdirector | Grant | 82 | — |
| Aug 12, 2026 | GARRISON JOHN L JRdirector | Grant | 944 | — |
| Aug 12, 2026 | Johnson Cheryl Hdirector | Grant | 445 | — |
| Aug 3, 2026 | Hudson Susan Claireofficer: Chief Legal Officer | Grant | 48 | $75.99 |
| Jul 1, 2026 | Hudson Susan Claireofficer: Chief Legal Officer | Grant | 33 | $74.16 |
| Jul 1, 2026 | Rowe Robert Scottdirector, officer: President & CEO | Grant | 60 | $74.16 |
| Jun 17, 2026 | Boukalik Brianofficer: Chief Human Resources Officer | Tax | 171 | $78.07 |
| Jun 17, 2026 | Boukalik Brianofficer: Chief Human Resources Officer | Option | 701 | — |
| Jun 17, 2026 | Boukalik Brianofficer: Chief Human Resources Officer | Option | 681 | — |
| Jun 1, 2026 | Rowe Robert Scottdirector, officer: President & CEO | Grant | 58 | $75.51 |
| Jun 1, 2026 | Hudson Susan Claireofficer: Chief Legal Officer | Grant | 32 | $75.51 |
| May 18, 2026 | McMurray Michael C.director | Buy | 2,500 | $65.71 |
| May 15, 2026 | GARRISON JOHN L JRdirector | Grant | 1,071 | — |
| May 15, 2026 | Savoy Brian Ddirector | Grant | 2,573 | $67.99 |
Source: FLS SEC Form 4 filings, latest Sep 1, 2026. For informational purposes only — not investment advice.
See the full FLS insider & 13F page →Flowserve Corporation company profile
Overview
Flowserve Corporation (NYSE:FLS) is a leading global manufacturer of industrial flow management equipment founded in 1912 and headquartered in Irving, Texas. The company has evolved through decades of acquisitions and organic growth to become one of the world's largest providers of pumps, valves, seals, and related services for critical industrial applications. Flowserve serves essential industries including oil and gas, chemicals, power generation, and water management across more than 55 countries, with a particular focus on mission-critical applications where equipment failure can result in significant operational disruption or safety hazards.
Business
Flowserve operates in the industrial flow management equipment sector, which encompasses the design, manufacture, and servicing of equipment that controls the movement of liquids, gases, and other fluids in industrial processes. The company's products are essential components in facilities such as oil refineries, chemical plants, power stations, and water treatment facilities, where they must operate reliably under extreme conditions including high pressures, temperatures, and corrosive environments. The company operates through two primary business segments. The Flowserve Pump Division (FPD) represents approximately 60% of total revenue and specializes in engineered pumps, pump systems, and mechanical seals. These products move fluids through industrial processes and include everything from small circulation pumps to massive pumps that can move thousands of gallons per minute in oil refineries. The division also provides mechanical seals that prevent leakage around rotating shafts, which are critical for safety and environmental compliance. The Flow Control Division (FCD) accounts for roughly 40% of revenue and focuses on valves and automation systems that control fluid flow. These products include isolation valves that can completely stop flow, control valves that regulate pressure and flow rates, and sophisticated automation systems that allow remote operation. A significant portion of both divisions' revenue comes from aftermarket services, including maintenance, repairs, upgrades, and replacement parts for equipment that can operate for decades in the field.
Revenue model
Flowserve generates revenue through multiple complementary streams that create recurring customer relationships. The primary revenue model combines original equipment sales with long-term aftermarket services. When customers build new facilities or expand existing ones, they purchase Flowserve's engineered pumps, valves, and seals as original equipment. However, the more profitable and stable revenue stream comes from aftermarket services, which typically account for 55-60% of total revenue. The aftermarket business model is particularly attractive because industrial equipment operates for 20-30 years or longer, creating decades of service revenue from each original sale. Customers require regular maintenance, emergency repairs, performance upgrades, and eventual replacement parts. Flowserve's installed base of equipment creates a recurring revenue stream that is less cyclical than new equipment sales. The company has been focusing on improving its "capture rate" - the percentage of aftermarket spending by customers that goes to Flowserve rather than third-party service providers. Several factors influence Flowserve's margins and profitability. Commodity price cycles significantly impact demand, as higher oil and gas prices typically drive increased capital expenditure by energy companies. Supply chain disruptions and raw material cost inflation can pressure margins, though the company has demonstrated ability to implement price increases to offset these pressures. The mix between original equipment and aftermarket services affects overall margins, with aftermarket typically generating higher margins. Additionally, the company's operational excellence initiatives, including its "80-20" complexity reduction program that eliminates low-volume, low-margin product variants, are expected to improve margins by 100-200 basis points over the next few years.
Competitive moat
Flowserve's competitive moat stems from several interconnected factors, though it operates in a moderately competitive industry. The company's strongest moat element is its large installed base of critical equipment, which creates switching costs and recurring revenue opportunities. Once customers install Flowserve equipment in their facilities, they typically prefer to use Flowserve for maintenance and parts to ensure compatibility and reliability, especially given the mission-critical nature of many applications where equipment failure can shut down entire facilities. The company also benefits from its global scale and manufacturing footprint, which allows it to serve customers worldwide and provides cost advantages in procurement and production. Flowserve's engineering expertise in designing equipment for extreme operating conditions creates some differentiation, particularly in specialized applications like nuclear power plants or deep-water oil platforms. The company's long-standing customer relationships, often spanning decades, provide stability and make it difficult for competitors to displace. However, Flowserve's moat is not insurmountable. The company faces competition from other large industrial equipment manufacturers like Sulzer, KSB, and Weir Group, as well as regional players in specific markets. Technological disruption, while not currently threatening core pump and valve technologies, could emerge from digitalization trends or new materials. The cyclical nature of many end markets also limits the defensive characteristics of the business. Additionally, customers increasingly seek to diversify their supplier base, which can pressure Flowserve's market share over time.
Risks & safety
Flowserve demonstrates a reasonable margin of safety from a financial stability perspective, though valuation metrics suggest limited upside at current levels. • **Liquidity and Solvency**: Strong financial position with $541 million in cash and short-term investments as of Q1 2025, current ratio of 2.07, and manageable debt-to-equity ratio of 0.11. The company generates positive operating cash flow in most periods, though working capital needs can create quarterly volatility. • **Valuation Metrics**: Trading at 21.7x trailing P/E ratio and 11.6x EV/EBITDA, which appears fairly valued for a cyclical industrial company. Price-to-book ratio of 3.09 suggests limited asset-based downside protection. • **Other Considerations**: Backlog of $2.8 billion provides revenue visibility, though project-based business creates some execution risk. The company's focus on margin improvement through operational excellence provides potential upside, but tariff impacts and supply chain pressures present near-term headwinds.
Recent development
Over the past few years, Flowserve has undergone significant strategic transformation focused on what management calls the "3D Strategy" - Diversification, Decarbonization, and Digitization. The diversification effort aims to reduce dependence on traditional oil and gas markets by expanding into specialty chemicals, mining, and water management sectors. The decarbonization initiative positions the company to benefit from energy transition trends, with notable success in nuclear power where bookings have grown substantially, reaching over $155 million in Q3 2024 as utilities extend plant lives and consider new capacity. The company's digitization strategy centers on the Red Raven IoT platform, which now monitors over 2,250 pieces of equipment and provides predictive analytics to help customers avoid unplanned downtime. This digital transformation is intended to shift the business model toward higher-value solutions rather than just equipment sales. Operationally, Flowserve has implemented a comprehensive "80-20" complexity reduction program that systematically eliminates low-volume, low-margin product variants. The company expects this initiative to reduce SKUs by 10-20% while improving gross margins by 100-200 basis points by 2027. Additionally, the 2024 acquisition of MOGAS Industries for approximately $200 million annual revenue strengthens the company's position in severe service applications, particularly in the growing LNG market.
FLS company profile · for informational purposes only — not investment advice.
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