Financials · FLS

Flowserve Corporation (FLS) financials

For the twelve months ended Sep 30, 2026, Flowserve Corporation reported $4.70B of revenue and $254.72M of net income.

Revenue, TTM
$4.70B
Revenue growth, YoY
+0.2%
Net income, TTM
$254.72M
Net income growth, YoY
-43.7%
Net margin
5.4%
Free cash flow, TTM
$153.66M
EPS, diluted, TTM
$2.01
EPS growth, YoY
-41.6%
Cash
$742.15M
Total debt
$2.06B
P/E
40.01
P/S
2.17
Market cap
$10.19B
Annual revenue$4.73B
FY2016FY2025
Annual net income$346.25M
FY2016FY2025
Annual free cash flow$434.96M
FY2016FY2025

FLS revenue and earnings growth

FLS revenueQ3 2026$1.24B

Quarter YoY
+5.4%
QoQ
+5.9%
FY YoY
+3.8%
5Y CAGR
+4.9%
10Y CAGR
+0.4%

FLS revenue was $1.24B in fiscal Q3 2026 (ended Sep 30, 2026), up 5.4% from a year earlier and up 5.9% from the prior quarter. For the full fiscal 2025 it was $4.73B, up 3.8% from fiscal 2024. Compound annual growth was +4.9% over 5 years and +0.4% over 10 years. It rose in 6 of the last 10 fiscal years.

FLS net incomeQ3 2026$103.04M

Quarter YoY
-53.1%
QoQ
+4.1%
FY YoY
+22.5%
5Y CAGR
+21.6%
10Y CAGR
+3.0%

FLS net income was $103.04M in fiscal Q3 2026 (ended Sep 30, 2026), down 53.1% from a year earlier and up 4.1% from the prior quarter. For the full fiscal 2025 it was $346.25M, up 22.5% from fiscal 2024. Compound annual growth was +21.6% over 5 years and +3.0% over 10 years. It rose in 5 of the last 10 fiscal years.

FLS EPSQ3 2026$0.81

Quarter YoY
-51.5%
QoQ
+5.2%
FY YoY
+23.4%
5Y CAGR
+21.4%
10Y CAGR
+3.2%

FLS diluted EPS was $0.81 in fiscal Q3 2026 (ended Sep 30, 2026), down 51.5% from a year earlier and up 5.2% from the prior quarter. For the full fiscal 2025 it was $2.64, up 23.4% from fiscal 2024. Compound annual growth was +21.4% over 5 years and +3.2% over 10 years.

FLS free cash flowQ3 2026$126.87M

Quarter YoY
-67.0%
QoQ
+12.9%
FY YoY
+26.3%
5Y CAGR
+11.4%
10Y CAGR
+5.3%

FLS free cash flow was $126.87M in fiscal Q3 2026 (ended Sep 30, 2026), down 67.0% from a year earlier and up 12.9% from the prior quarter. For the full fiscal 2025 it was $434.96M, up 26.3% from fiscal 2024. Compound annual growth was +11.4% over 5 years and +5.3% over 10 years.

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Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
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$994.29M$1.05B$1.12B$1.29B$1.19B$1.09B$1.24B
Research and development$54.10M$69.90M$48.70M$39.90M$34.20M$36.10M$42.00M$39.60M$38.60M$42.80M
Selling, general and admin$1.06B$978.04M$961.17M$815.54M$797.08M$878.25M$913.20M$966.58M$901.73M$965.38M
Operating income$399.92M$462.28M$333.55M$197.22M$270.76M$250.28M$386.62M$227.70M$341.13M$276.68M
Interest expense$77.74M$69.30M$66.92M$46.25M$57.62M$56.19M$54.98M$58.16M$59.73M$60.14M
Pre-tax income$525.40M$386.15M$223.75M$154.38M$133.59M$202.29M$322.43M$156.44M$263.01M$212.91M
Income tax$155.60M$84.93M$18.56M-$43.64M-$2.59M$61.42M$75.49M$46.55M$258.68M$77.38M
Net income$346.25M$282.76M$186.74M$188.69M$125.95M$130.42M$238.83M$104.51M$2.65M$132.46M
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
Diluted shares131.0M132.4M131.9M131.3M130.9M131.1M131.7M131.3M131.4M131.0M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$760.18M$675.44M$545.68M$434.97M$658.45M$1.10B$670.98M$619.68M$703.45M$367.16M
Receivables$1.03B$976.74M$881.87M$868.63M$739.21M$753.46M$795.54M$792.43M$856.71M$882.64M
Inventory$789.90M$837.25M$879.94M$803.20M$678.29M$667.23M$660.84M$633.87M$884.27M$897.69M
Current assets$3.04B$2.90B$2.70B$2.45B$2.39B$2.90B$2.51B$2.38B$2.56B$2.30B
Goodwill$1.39B$1.29B$1.18B$1.17B$1.20B$1.22B$1.19B$1.20B$1.22B$1.21B
Total assets$5.71B$5.50B$5.11B$4.79B$4.75B$5.31B$4.94B$4.65B$4.91B$4.71B
Current liabilities$1.50B$1.47B$1.44B$1.24B$1.13B$1.14B$1.12B$1.08B$1.24B$1.18B
Short-term debt$49.87M$44.06M$66.24M$49.34M$41.06M$8.99M$11.27M$68.22M$75.60M$85.36M
Long-term debt$1.53B$1.46B$1.17B$1.22B$1.26B$1.72B$1.37B$1.41B$1.50B$1.49B
Total debt$1.58B$1.50B$1.23B$1.27B$1.30B$1.73B$1.38B$1.48B$1.58B$1.57B
Total liabilities$3.45B$3.45B$3.13B$2.93B$2.91B$3.55B$3.17B$2.98B$3.25B$3.07B
Shareholders' equity$2.19B$2.05B$1.98B$1.86B$1.84B$1.76B$1.77B$1.63B$1.66B$1.64B

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow$505.88M$425.31M$325.77M-$40.01M$250.12M$310.54M$324.10M$190.83M$311.07M$240.48M
Capital expenditures$70.93M$81.02M$67.36M$76.29M$54.94M$57.41M$75.72M$83.99M$61.60M$89.70M
Free cash flow$434.96M$344.29M$258.41M-$116.30M$195.18M$253.13M$248.38M$106.84M$249.46M$150.78M
Investing cash flow-$125.16M-$387.21M-$68.58M-$6.09M-$59.48M-$41.70M-$33.38M-$81.47M$176.60M-$91.47M
Financing cash flow-$326.93M$117.50M-$153.01M-$150.01M-$599.71M$147.59M-$231.46M-$173.28M-$185.35M-$143.72M
Dividends paid$109.64M$110.44M$104.95M$104.55M$104.60M$104.16M$99.56M$99.42M$99.23M$97.75M
Share repurchases$254.86M$20.07M$0$0$17.53M$32.11M$15.00M$0$0$0
Stock-based compensation$38.26M$30.47M$27.81M$25.53M$29.48M$27.25M$23.88M$19.91M$22.82M$30.21M
Depreciation and amortization$95.45M$85.60M$83.75M$90.95M$99.82M$100.75M$105.90M$112.47M$118.45M$116.75M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY3.8%5.5%19.5%2.1%-5.0%-5.4%2.7%4.8%-8.3%-12.4%
Net income growth, YoY22.5%51.4%-1.0%49.8%-3.4%-45.4%128.5%3840.7%-98.0%-48.7%
EPS growth, YoY23.4%50.7%-1.4%50.0%-4.0%-44.8%126.2%3900.0%-98.0%-47.7%
Gross margin33.4%31.5%29.6%27.5%29.6%30.0%32.7%31.0%29.7%31.0%
Operating margin8.5%10.1%7.7%5.5%7.6%6.7%9.8%5.9%9.3%6.9%
Net margin7.3%6.2%4.3%5.2%3.6%3.5%6.1%2.7%0.1%3.3%
Free cash flow margin9.2%7.6%6.0%-3.2%5.5%6.8%6.3%2.8%6.8%3.8%
Return on equity15.8%13.8%9.5%10.2%6.9%7.4%13.5%6.4%0.2%8.1%
Return on assets6.1%5.1%3.7%3.9%2.7%2.5%4.8%2.2%0.1%2.8%
Current ratio2.031.981.881.972.112.542.242.202.061.95
Debt to equity0.720.730.620.690.710.980.780.910.950.96

Source: XBRL data Flowserve Corporation files with the SEC, latest filing dated Oct 28, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 3-for-1, first reported Jul 24, 2013.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

FLS peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
FLS$4.70B+0.2%$254.72M5.4%$10.19B
XYL$9.06B+1.9%$1.08B11.9%$22.44B
ITT$5.18B+35.8%$418.20M8.1%$18.38B
IEX$3.66B+6.9%$535.80M14.6%$16.67B
GGG$2.31B+5.4%$517.48M22.4%$10.88B
GRC$722.48M+6.5%$73.73M10.2%$1.79B
AP$428.04M+3.3%-$59.25M-13.8%$121.7M

FLS FAQ

9 questions
  • What is FLS revenue?
    Flowserve Corporation (FLS) reported $4.70B of revenue for the twelve months ended Sep 30, 2026. That is up 0.2% from the year before. Revenue for fiscal 2025 was $4.73B.
  • Is FLS profitable?
    Yes. Flowserve Corporation earned $254.72M in net income for the twelve months ended Sep 30, 2026, a net margin of 5.4%.
  • How much cash and debt does FLS have?
    Flowserve Corporation reported $742.15M in cash and cash equivalents and $2.06B of debt on its most recent balance sheet in SEC filings.
  • How fast is FLS revenue growing?
    Flowserve Corporation's revenue changed +3.8% in fiscal 2025, to $4.73B. Its compound annual growth rate was +4.9% over 5 years and +0.4% over 10 years.
  • What is FLS gross margin?
    Flowserve Corporation's gross profit was $1.60B on $4.70B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 34.2%.
  • What is FLS free cash flow?
    Flowserve Corporation generated $153.66M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $230.11M less capital expenditures.
  • What is FLS earnings per share?
    Diluted earnings per share were $2.01 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did FLS last report financial results?
    The latest statements here come from Flowserve Corporation's 10-Q filed on Oct 28, 2026, covering the period ended Sep 30, 2026.
  • Where does this FLS financial data come from?
    Quantisnow builds these statements from the structured XBRL data Flowserve Corporation files with the SEC. It is provided for information only and is not investment advice.