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FLS

Flowserve Corporation

FLS

Flowserve Corporation • NYSE
$71.35 ▲ 1.12% (+0.79)
Market Cap $9.35 B
52w High $72.09
52w Low $37.34
Dividend Yield 0.84%
P/E 20.74
Volume 447.75K
Outstanding Shares 131.03M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.174B ▼ $300.581M ▲ $219.582M ▲ 18.697% ▲ $1.69 ▲ $360.694M ▲
Q2-2025 $1.188B ▲ $267.695M ▲ $81.754M ▲ 6.881% ▲ $0.62 ▲ $147.971M ▲
Q1-2025 $1.145B ▼ $244.48M ▲ $73.905M ▼ 6.457% ▼ $0.56 ▼ $140.753M ▼
Q4-2024 $1.18B ▲ $243.556M ▼ $77.541M ▲ 6.569% ▲ $0.59 ▲ $148.544M ▲
Q3-2024 $1.133B $255.183M $58.382M 5.152% $0.44 $119.625M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $833.847M ▲ $5.83B ▲ $3.506B ▲ $2.264B ▲
Q2-2025 $629.203M ▲ $5.683B ▲ $3.404B ▲ $2.223B ▲
Q1-2025 $540.804M ▼ $5.483B ▼ $3.354B ▼ $2.08B ▲
Q4-2024 $675.441M ▲ $5.501B ▲ $3.449B ▲ $2.008B ▼
Q3-2024 $611.745M $5.275B $3.169B $2.054B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $223.858M ▲ $401.846M ▲ $-16.994M ▼ $-176.503M ▼ $204.644M ▲ $384.652M ▲
Q2-2025 $88.224M ▲ $154.146M ▲ $-16.197M ▼ $-70.212M ▲ $88.399M ▲ $137.544M ▲
Q1-2025 $79.457M ▼ $-49.934M ▼ $-11.276M ▲ $-84.232M ▼ $-134.637M ▼ $-61.672M ▼
Q4-2024 $83.51M ▲ $197.348M ▲ $-333.102M ▼ $224.875M ▲ $63.696M ▼ $168.498M ▲
Q3-2024 $63.349M $178.485M $-24.022M $-70.697M $96.662M $154.605M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Aftermarket Equipment
Aftermarket Equipment
 $610.00M ▲$590.00M ▼$630.00M ▲$620.00M ▼
Original Equipment
Original Equipment
 $570.00M ▲$560.00M ▼$560.00M ▲$550.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Flowserve’s income statement shows a clear turnaround story. Sales have moved from a slow, flat pattern into healthier growth over the last couple of years. Profitability has improved as well: gross profit, operating profit, and earnings per share are all trending up, suggesting better pricing discipline, mix, execution, or cost control. The dip in profitability a few years ago looks more like a rough patch than a new normal. That said, margins are solid but not spectacular for heavy industrial equipment, so the company still depends on maintaining volume, aftermarket activity, and disciplined project bidding to keep this improvement going.

Balance Sheet

Balance Sheet The balance sheet looks generally sound and slowly strengthening. Total assets have inched higher, and shareholder equity has been building over time, which points to value being retained in the business. Debt has come down from earlier peaks, even though it ticked up recently, and cash levels are decent, giving the company some flexibility without appearing overextended. It is not a debt‑free, fortress balance sheet, but leverage appears manageable and trending in a better direction than a few years ago. The main watch point is keeping debt under control as the company pursues acquisitions and growth initiatives.

Cash Flow

Cash Flow Cash generation has improved meaningfully, although it has not been perfectly smooth. Operating cash flow and free cash flow were weak, even negative, a couple of years back, likely due to working‑capital swings or project timing, but have since recovered to healthier, positive levels. Capital spending is modest relative to the size of the business, which supports steady free cash flow in normal years. The trend suggests the business can increasingly convert accounting profits into actual cash, but investors should remember that large project cycles and customer payment patterns can still cause lumpiness from year to year.

Competitive Edge

Competitive Edge Flowserve holds a strong competitive position in demanding, mission‑critical applications. Its specialization in pumps, valves, and seals for harsh conditions creates high switching costs for customers who value reliability and safety over lowest upfront price. A huge installed base and a global network of service centers give Flowserve a durable aftermarket stream that often cushions downturns in new equipment orders. Deep engineering expertise and long‑standing relationships in energy, chemicals, power, and other process industries further reinforce its moat. The main structural risks are exposure to cyclical capital spending, pressure from capable global rivals, and the need to stay relevant as energy systems evolve.

Innovation and R&D

Innovation and R&D Innovation is clearly organized around the company’s “Diversify, Decarbonize, Digitize” framework. On digitization, the RedRaven IoT platform is a key step toward more recurring, data‑driven service revenues and deeper integration into customers’ operations. On decarbonization, Flowserve is positioning its technologies for hydrogen, carbon capture, and renewable projects, trying to align its traditional strengths with the energy transition. Diversification into less cyclical areas such as water, pharmaceuticals, and specialty chemicals should help smooth earnings over time. Execution risk is real: success depends on scaling digital offerings, proving the economics of low‑carbon solutions, and integrating acquisitions like MOGAS without diluting returns.

Summary

Overall, Flowserve looks like a mature industrial company that has been quietly strengthening its fundamentals. Revenue and profits are on an upswing, cash generation has improved after a weak patch, and the balance sheet is reasonably healthy. Its competitive edge rests on specialized engineering, a large installed base, and a profitable aftermarket service network, all of which are hard for new entrants to replicate quickly. The big strategic opportunity is to turn its 3D strategy—diversify, decarbonize, digitize—into durable, higher‑quality revenue streams. The main uncertainties lie in industrial cycle exposure, large‑project volatility, and the challenge of executing on digital and energy‑transition initiatives while keeping margins and returns on track.

NEWS

October 28, 2025 · 4:06 PM UTC

Flowserve Divests Legacy Asbestos Liabilities

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October 28, 2025 · 4:05 PM UTC

Flowserve Corporation Reports Third Quarter 2025 Results

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October 8, 2025 · 8:00 AM UTC

CIRCOR International Acquires Herringbone Gear Pump Product Line from Flowserve

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October 7, 2025 · 4:15 PM UTC

Flowserve Schedules Third Quarter 2025 Earnings Release and Conference Call

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September 17, 2025 · 7:30 AM UTC

Flowserve Announces the Appointment of Alice DeBiasio as President of Flow Control Division

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