Flowserve (FLS) Financials

$65.95 +0.88 (+1.35%)

Closing price 03:59 PM Eastern

Extended Trading

$67.02 +1.07 (+1.61%)

As of 07:11 PM Eastern

Annual Income Statements for Flowserve

This table shows Flowserve's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	258	132	2.65	105	239	130	126	189	187	283	346
Consolidated Net Income / (Loss)	264	136	4.33	110	247	141	136	198	205	301	370
Net Income / (Loss) Continuing Operations	264	136	4.33	110	247	141	136	198	205	301	370
Total Pre-Tax Income	412	213	263	156	322	202	134	154	224	386	525
Total Operating Income	515	277	187	224	387	250	271	197	334	462	400
Total Gross Profit	1,478	1,237	1,089	1,191	1,289	1,117	1,050	994	1,277	1,434	1,581
Total Revenue	4,558	3,990	3,661	3,836	3,940	3,728	3,541	3,615	4,321	4,558	4,729
Operating Revenue	4,558	3,990	3,661	3,836	3,940	3,728	3,541	3,615	4,321	4,558	4,729
Total Cost of Revenue	3,080	2,754	2,572	2,645	2,650	2,611	2,491	2,621	3,044	3,124	3,148
Operating Cost of Revenue	3,080	2,754	2,572	2,645	2,650	2,611	2,491	2,621	3,044	3,124	3,148
Total Operating Expenses	963	960	902	967	903	866	779	797	943	972	1,182
Selling, General & Admin Expense	973	965	902	967	913	878	797	816	961	978	1,062
Marketing Expense	-9.86	-13	-	-	-10	-12	-16	-18	-18	-19	-21
Other Operating Expenses / (Income)	0.00	7.66	-	-	0.00	0.00	-1.81	0.00	0.00	13	140
Total Other Income / (Expense), net	-102	-64	76	-68	-64	-48	-137	-43	-110	-76	125
Interest Expense	65	60	60	58	55	57	104	46	67	69	78
Interest & Investment Income	2.07	2.80	16	18	8.41	4.18	2.76	3.96	6.99	5.37	7.55
Other Income / (Expense), net	-39	-6.44	119	-27	-18	5.23	-36	-0.56	-50	-12	196
Income Tax Expense	148	77	259	47	75	61	-2.59	-44	19	85	156
Net Income / (Loss) Attributable to Noncontrolling Interest	5.61	3.08	1.68	5.38	8.11	10	10	9.33	18	18	24
Basic Earnings per Share	$1.94	$1.02	$0.02	$0.80	$1.82	$1.00	$0.97	$1.44	$1.42	$2.15	$2.66
Weighted Average Basic Shares Outstanding	133.07M	130.43M	130.80M	130.98M	131.03M	130.40M	130.31M	130.63M	131.12M	131.49M	130.01M
Diluted Earnings per Share	$1.93	$1.01	$0.02	$0.80	$1.81	$1.00	$0.96	$1.44	$1.42	$2.14	$2.64
Weighted Average Diluted Shares Outstanding	133.07M	130.43M	130.80M	130.98M	131.72M	131.05M	130.86M	131.32M	131.93M	132.36M	130.98M
Weighted Average Basic & Diluted Shares Outstanding	133.07M	130.43M	130.80M	130.98M	130.90M	130.28M	131.12M	-	131.23M	131.75M	127.26M
Cash Dividends to Common per Share	$0.72	$0.76	$0.76	$0.76	$0.76	$0.80	$0.80	$0.80	$0.80	$0.84	$0.84

This table shows Flowserve's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	46	63	74	73	58	78	74	82	220	-29	82
Consolidated Net Income / (Loss)	53	67	78	76	63	84	79	88	224	-22	86
Net Income / (Loss) Continuing Operations	53	67	78	76	63	84	79	88	224	-22	86
Total Pre-Tax Income	41	71	98	100	82	106	97	104	318	6.79	108
Total Operating Income	70	109	113	121	103	125	132	147	79	42	119
Total Gross Profit	318	340	339	366	357	372	369	407	380	425	380
Total Revenue	1,095	1,165	1,087	1,157	1,133	1,180	1,145	1,188	1,174	1,222	1,068
Operating Revenue	1,095	1,165	1,087	1,157	1,133	1,180	1,145	1,188	1,174	1,222	1,068
Total Cost of Revenue	777	826	749	791	776	808	775	782	794	797	688
Operating Cost of Revenue	777	826	749	791	776	808	775	782	794	797	688
Total Operating Expenses	247	230	226	245	254	247	237	260	301	383	260
Selling, General & Admin Expense	252	235	228	239	259	252	243	266	305	248	263
Marketing Expense	-4.63	-4.67	-2.53	-6.82	-5.15	-4.56	-5.73	-5.92	-4.14	-4.89	-2.99
Other Operating Expenses / (Income)	0.00	-	-	13	0.00	-	0.00	0.00	0.00	-	0.00
Total Other Income / (Expense), net	-29	-38	-15	-21	-21	-19	-35	-43	238	-35	-12
Interest Expense	17	17	15	17	17	20	19	20	19	20	20
Interest & Investment Income	2.13	1.46	1.17	1.17	1.40	1.63	1.75	2.53	0.79	2.49	1.50
Other Income / (Expense), net	-14	-23	-0.87	-5.26	-5.92	-0.14	-17	-25	256	-18	7.00
Income Tax Expense	-11	3.99	20	24	19	22	18	16	94	29	21
Net Income / (Loss) Attributable to Noncontrolling Interest	6.44	4.83	3.70	3.84	4.97	5.97	5.55	6.47	4.28	7.26	4.69
Basic Earnings per Share	$0.35	$0.48	$0.56	$0.55	$0.44	$0.60	$0.56	$0.62	$1.69	($0.21)	$0.64
Weighted Average Basic Shares Outstanding	131.18M	131.12M	131.51M	131.66M	131.40M	131.49M	131.57M	130.85M	130.32M	130.01M	127.49M
Diluted Earnings per Share	$0.35	$0.48	$0.56	$0.55	$0.44	$0.59	$0.56	$0.62	$1.67	($0.21)	$0.64
Weighted Average Diluted Shares Outstanding	132.03M	131.93M	132.37M	132.42M	132.25M	132.36M	132.67M	131.60M	131.24M	130.98M	128.62M
Weighted Average Basic & Diluted Shares Outstanding	131.21M	131.23M	131.65M	131.37M	131.38M	131.75M	130.73M	130.78M	127.12M	127.26M	127.81M
Cash Dividends to Common per Share	$0.20	-	$0.21	$0.21	$0.21	-	$0.21	$0.21	$0.21	-	$0.22

This table details how cash moves in and out of Flowserve's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-84	0.72	302	-84	51	424	-437	-223	111	130	85
Net Cash From Operating Activities	441	240	311	191	324	311	250	-40	326	425	506
Net Cash From Continuing Operating Activities	441	240	311	191	324	311	250	-40	326	425	506
Net Income / (Loss) Continuing Operations	264	136	4.33	110	247	141	136	198	205	301	370
Consolidated Net Income / (Loss)	264	136	4.33	110	247	141	136	198	205	301	370
Depreciation Expense	100	100	101	96	92	86	85	78	73	76	79
Amortization Expense	28	17	17	17	14	15	15	13	10	9.75	16
Non-Cash Adjustments To Reconcile Net Income	109	103	30	34	-33	37	180	-44	-31	49	-49
Changes in Operating Assets and Liabilities, net	-60	-115	158	-65	4.32	32	-166	-285	68	-11	90
Net Cash From Investing Activities	-525	-91	177	-81	-33	-42	-59	-6.09	-69	-387	-125
Net Cash From Continuing Investing Activities	-525	-91	177	-81	-33	-42	-59	-6.09	-69	-387	-125
Purchase of Property, Plant & Equipment	-182	-90	-62	-84	-76	-57	-55	-76	-67	-81	-71
Acquisitions	-354	-	-	-3.66	-	-	-	0.00	0.00	-306	-66
Sale of Property, Plant & Equipment	10	3.29	5.44	6.19	42	16	2.66	4.42	2.06	2.24	12
Other Investing Activities, net	0.00	-5.06	-	-	-	0.00	0.00	66	-3.28	-2.52	0.10
Net Cash From Financing Activities	38	-144	-185	-173	-231	148	-600	-150	-153	117	-327
Net Cash From Continuing Financing Activities	38	-144	-185	-173	-231	148	-600	-150	-153	117	-327
Repayment of Debt	-85	-71	-87	-74	-191	-212	-1,271	-88	-323	-210	-151
Repurchase of Common Equity	-304	-	0.00	0.00	-15	-32	-18	0.00	0.00	-20	-255
Payment of Dividends	-94	-98	-99	-99	-100	-104	-105	-105	-105	-110	-110
Issuance of Debt	536	36	7.36	3.38	78	501	800	47	281	467	215
Other Financing Activities, net	-16	-10	-6.24	-3.06	-3.90	-4.61	-5.98	-4.68	-6.25	-9.58	-27
Effect of Exchange Rate Changes	-37	-4.57	-	-20	-	7.87	-28	-27	6.53	-26	31
Cash Interest Paid	57	57	57	55	54	57	72	42	65	67	75
Cash Income Taxes Paid	153	151	59	87	66	75	66	60	119	81	92

This table details how cash moves in and out of Flowserve's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	58	65	-14	-17	97	64	-135	88	205	-74	32
Net Cash From Operating Activities	81	195	62	-13	178	197	-50	154	402	-0.17	-43
Net Cash From Continuing Operating Activities	81	195	62	-13	178	197	-50	154	402	-0.17	-43
Net Income / (Loss) Continuing Operations	53	67	78	76	63	84	79	88	224	-22	86
Consolidated Net Income / (Loss)	53	67	78	76	63	84	79	88	224	-22	86
Depreciation Expense	18	18	19	19	19	19	19	20	20	21	20
Amortization Expense	2.62	2.50	2.25	2.14	2.09	3.27	5.57	4.02	4.42	2.21	3.73
Non-Cash Adjustments To Reconcile Net Income	-17	-31	1.80	26	-2.17	23	-8.14	-8.18	3.62	-36	-42
Changes in Operating Assets and Liabilities, net	25	137	-39	-136	96	68	-146	50	150	35	-111
Net Cash From Investing Activities	-16	-20	-14	-17	-24	-333	-11	-16	-17	-81	-7.18
Net Cash From Continuing Investing Activities	-16	-20	-14	-17	-24	-333	-11	-16	-17	-81	-7.18
Purchase of Property, Plant & Equipment	-16	-20	-14	-15	-24	-29	-12	-17	-17	-25	-17
Sale of Property, Plant & Equipment	-	-	-	-	-	-	0.46	-	0.20	10	9.72
Other Investing Activities, net	0.11	0.83	0.02	-1.83	-0.14	-0.61	0.00	-0.46	-	0.10	0.00
Net Cash From Financing Activities	0.20	-121	-54	18	-71	225	-84	-70	-177	4.02	89
Net Cash From Continuing Financing Activities	0.20	-121	-54	18	-71	225	-84	-70	-177	4.02	89
Repayment of Debt	-55	-148	-15	-40	-40	-115	-9.51	-62	-9.08	-70	-9.90
Repurchase of Common Equity	-	-	-2.55	-14	-3.91	-	-21	-32	-145	-57	0.00
Payment of Dividends	-26	-26	-28	-28	-28	-28	-28	-28	-27	-27	-27
Issuance of Debt	80	51	0.07	100	0.44	366	0.15	53	7.49	155	150
Other Financing Activities, net	1.39	2.06	-8.88	-1.67	0.36	0.61	-26	-1.40	-2.33	3.14	-25
Effect of Exchange Rate Changes	-7.79	12	-8.15	-5.14	13	-25	-	21	-	-	-6.09

This table presents Flowserve's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	4,963	4,709	4,910	4,616	4,938	5,315	4,750	4,791	5,109	5,501	5,708
Total Current Assets	2,457	2,298	2,559	2,383	2,507	2,904	2,389	2,451	2,704	2,904	3,043
Cash & Equivalents	366	367	703	620	671	1,095	658	435	546	675	760
Accounts Receivable	986	883	857	792	796	753	739	869	882	977	1,029
Inventories, net	979	898	884	634	661	667	678	803	880	837	790
Prepaid Expenses	126	150	114	109	106	111	117	111	116	116	141
Other Current Assets	-	-	0.00	229	273	278	196	233	280	299	322
Plant, Property, & Equipment, net	758	725	672	610	564	0.00	516	501	506	540	567
Total Noncurrent Assets	1,747	1,686	1,680	1,623	1,868	2,410	1,845	1,839	1,899	2,057	2,099
Goodwill	1,224	1,205	1,218	1,198	1,193	1,225	1,196	1,168	1,182	1,286	1,392
Intangible Assets	229	215	210	191	181	168	152	135	122	189	198
Noncurrent Deferred & Refundable Income Taxes	70	84	52	45	55	31	44	149	218	222	156
Other Noncurrent Operating Assets	224	183	200	190	439	986	452	387	376	360	352
Total Liabilities & Shareholders' Equity	4,963	4,709	4,910	4,616	4,938	5,315	4,750	4,791	5,109	5,501	5,708
Total Liabilities	3,299	3,072	3,240	2,955	3,166	3,553	2,912	2,932	3,134	3,449	3,454
Total Current Liabilities	1,350	1,178	1,243	1,081	1,117	1,142	1,132	1,243	1,439	1,468	1,502
Short-Term Debt	60	85	76	68	11	9.00	41	49	66	44	50
Accounts Payable	491	412	443	419	448	440	410	477	548	545	554
Accrued Expenses	799	681	724	391	401	463	445	428	504	561	587
Current Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	-	-	-	-	0.00
Other Current Liabilities	-	-	0.00	202	257	229	33	33	32	34	310
Total Noncurrent Liabilities	1,948	1,893	1,997	1,875	2,048	2,412	1,781	1,689	1,695	1,981	1,952
Long-Term Debt	1,561	1,485	1,500	1,415	1,366	1,718	1,262	1,224	1,167	1,460	1,525
Asset Retirement Reserve & Litigation Obligation	388	408	497	460	531	518	352	310	389	371	277
Other Noncurrent Operating Liabilities	-	-	-	-	152	176	167	155	139	150	150
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Total Equity & Noncontrolling Interests	1,664	1,637	1,671	1,661	1,772	1,761	1,837	1,859	1,975	2,052	2,254
Total Preferred & Common Equity	1,647	1,616	1,655	1,642	1,747	1,731	1,804	1,825	1,936	2,008	2,191
Preferred Stock	-	-	-	-	-	-	-	-	-	0.00	0.00
Total Common Equity	1,647	1,616	1,655	1,642	1,747	1,731	1,804	1,825	1,936	2,008	2,191
Common Stock	716	713	709	716	722	723	727	728	728	723	730
Retained Earnings	3,566	3,598	3,504	3,543	3,652	3,671	3,691	3,774	3,855	4,026	4,262
Treasury Stock	-2,107	-2,079	-2,060	-2,049	-2,052	-2,059	-2,058	-2,037	-2,014	-2,008	-2,232
Accumulated Other Comprehensive Income / (Loss)	-538	-625	-505	-574	-584	-610	-564	-648	-640	-741	-575
Other Equity Adjustments	10	8.51	6.35	7.12	8.33	6.16	7.21	6.98	7.94	8.17	6.63
Noncontrolling Interest	17	21	16	18	26	30	33	34	39	44	63

This table presents Flowserve's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	4,506	4,876	4,920	4,965	5,150	5,164	5,275	5,483	5,683	5,830	5,733
Total Current Assets	2,224	2,542	2,579	2,639	2,767	2,816	2,870	2,865	3,004	3,165	3,055
Cash & Equivalents	352	405	423	480	532	515	612	541	629	834	792
Accounts Receivable	770	904	888	869	914	1,032	971	1,044	1,050	1,050	959
Inventories, net	779	882	914	916	883	851	862	842	865	848	810
Prepaid Expenses	117	119	127	128	150	130	125	127	121	89	136
Other Current Assets	205	232	228	245	287	288	299	312	339	344	357
Plant, Property, & Equipment, net	473	496	500	492	499	492	502	542	558	558	559
Total Noncurrent Assets	1,809	1,837	1,841	1,834	1,884	1,857	1,902	2,076	2,120	2,108	2,119
Goodwill	1,136	1,174	1,177	1,164	1,173	1,171	1,189	1,303	1,338	1,343	1,381
Intangible Assets	134	128	125	123	119	117	118	185	182	178	194
Noncurrent Deferred & Refundable Income Taxes	45	152	159	171	215	215	216	220	224	185	156
Other Noncurrent Operating Assets	495	383	379	376	376	354	379	368	376	402	387
Total Liabilities & Shareholders' Equity	4,506	4,876	4,920	4,965	5,150	5,164	5,275	5,483	5,683	5,830	5,733
Total Liabilities	2,814	2,996	2,998	3,052	3,154	3,148	3,169	3,354	3,404	3,506	3,453
Total Current Liabilities	1,092	1,322	1,292	1,307	1,474	1,406	1,440	1,382	1,430	1,505	1,378
Short-Term Debt	48	53	56	61	66	66	67	44	45	46	53
Accounts Payable	414	489	493	481	550	557	573	538	573	601	520
Accrued Expenses	383	455	442	462	547	458	472	482	495	543	500
Current Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	-	-	-	-	0.00
Other Current Liabilities	247	33	32	32	32	32	34	34	33	35	305
Total Noncurrent Liabilities	1,723	1,674	1,706	1,745	1,680	1,742	1,729	1,972	1,973	2,001	2,075
Long-Term Debt	1,232	1,209	1,245	1,266	1,152	1,212	1,173	1,451	1,441	1,436	1,662
Asset Retirement Reserve & Litigation Obligation	335	315	314	340	382	385	398	370	384	411	273
Other Noncurrent Operating Liabilities	155	151	146	139	145	145	158	151	149	154	140
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,692	1,880	1,922	1,913	1,996	2,016	2,106	2,129	2,279	2,324	2,280
Total Preferred & Common Equity	1,657	1,846	1,884	1,874	1,954	1,970	2,054	2,080	2,223	2,264	2,212
Preferred Stock	-	-	-	-	-	-	-	0.00	0.00	0.00	0.00
Total Common Equity	1,657	1,846	1,884	1,874	1,954	1,970	2,054	2,080	2,223	2,264	2,212
Common Stock	728	713	716	722	705	711	718	704	711	717	708
Retained Earnings	3,679	3,774	3,799	3,818	3,901	3,946	3,976	4,072	4,126	4,318	4,315
Treasury Stock	-2,038	-2,017	-2,015	-2,015	-1,992	-2,004	-2,008	-2,010	-2,036	-2,181	-2,219
Accumulated Other Comprehensive Income / (Loss)	-719	-632	-624	-660	-666	-690	-639	-694	-583	-597	-598
Other Equity Adjustments	6.95	6.85	7.82	7.88	6.77	7.98	8.08	8.11	6.41	6.53	6.68
Noncontrolling Interest	35	33	38	39	42	46	51	49	56	60	68

This table displays calculated financial ratios and metrics derived from Flowserve's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-6.56%	-12.45%	-8.26%	4.78%	2.71%	-5.37%	-5.02%	2.09%	19.51%	5.49%	3.76%
EBITDA Growth	-32.86%	-35.79%	9.86%	-27.21%	53.46%	-24.98%	-6.12%	-14.00%	27.75%	45.79%	29.00%
EBIT Growth	-39.60%	-43.17%	13.50%	-35.77%	87.32%	-30.76%	-8.17%	-16.18%	44.25%	58.66%	32.33%
NOPAT Growth	-41.14%	-46.55%	-98.25%	5,013.53%	87.95%	-41.14%	58.36%	-8.35%	20.92%	17.89%	-21.94%
Net Income Growth	-49.17%	-48.67%	-96.81%	2,438.98%	124.72%	-42.95%	-3.33%	45.40%	3.62%	46.80%	22.77%
EPS Growth	-48.12%	-47.67%	-98.02%	3,900.00%	126.25%	-44.75%	-4.00%	50.00%	-1.39%	50.70%	23.36%
Operating Cash Flow Growth	-25.86%	-45.44%	29.35%	-38.65%	69.83%	-4.18%	-19.46%	-116.00%	914.23%	30.55%	18.95%
Free Cash Flow Firm Growth	-90.91%	346.04%	18.47%	-41.50%	93.93%	-23.91%	-110.83%	998.57%	34.44%	-57.93%	-35.19%
Invested Capital Growth	10.30%	-2.68%	-10.49%	-0.73%	-1.80%	-3.46%	12.71%	0.00%	-1.27%	8.17%	6.55%
Revenue Q/Q Growth	2.39%	-9.46%	-1.00%	-1.14%	1.91%	-2.06%	-1.83%	3.42%	3.01%	0.33%	0.89%
EBITDA Q/Q Growth	-13.78%	-8.13%	-7.60%	-1.22%	5.78%	-2.81%	-5.13%	2.03%	2.58%	7.93%	-12.67%
EBIT Q/Q Growth	-16.92%	-11.81%	-10.51%	-0.29%	7.82%	-4.46%	-5.21%	3.63%	3.76%	9.14%	-14.46%
NOPAT Q/Q Growth	-16.06%	-10.39%	-98.60%	745.76%	7.65%	6.99%	-5.54%	70.61%	-23.29%	-0.46%	-23.32%
Net Income Q/Q Growth	-24.76%	-4.44%	-97.49%	343.10%	6.84%	-3.69%	-22.77%	114.03%	-21.89%	5.63%	-22.16%
EPS Q/Q Growth	-27.44%	-0.98%	-98.44%	310.53%	6.47%	-4.76%	-24.41%	128.57%	-24.06%	5.42%	-23.26%
Operating Cash Flow Q/Q Growth	-26.01%	-36.83%	28.59%	-28.00%	5.32%	5.22%	-28.00%	-282.03%	62.39%	0.64%	-28.08%
Free Cash Flow Firm Q/Q Growth	-67.34%	-8.77%	-30.08%	-20.99%	127.02%	-35.00%	-108.24%	972.45%	31.63%	-63.25%	-27.59%
Invested Capital Q/Q Growth	-7.21%	-7.27%	-10.85%	-3.10%	-9.19%	-3.99%	10.41%	2.94%	-3.53%	5.38%	3.25%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	32.42%	30.99%	29.75%	31.05%	32.73%	29.96%	29.64%	27.50%	29.55%	31.47%	33.44%
EBITDA Margin	13.22%	9.70%	11.61%	8.07%	12.05%	9.56%	9.44%	7.96%	8.50%	11.75%	14.61%
Operating Margin	11.29%	6.93%	5.11%	5.85%	9.81%	6.71%	7.65%	5.46%	7.72%	10.14%	8.46%
EBIT Margin	10.43%	6.77%	8.38%	5.14%	9.37%	6.85%	6.63%	5.44%	6.57%	9.88%	12.59%
Profit (Net Income) Margin	5.79%	3.40%	0.12%	2.86%	6.27%	3.78%	3.85%	5.48%	4.75%	6.61%	7.82%
Tax Burden Percent	64.02%	63.66%	1.65%	70.24%	76.59%	69.64%	101.94%	128.27%	91.70%	78.01%	70.39%
Interest Burden Percent	86.71%	78.78%	85.75%	79.41%	87.38%	79.17%	56.94%	78.50%	78.87%	85.80%	88.22%
Effective Tax Rate	35.98%	36.34%	98.35%	29.76%	23.41%	30.36%	-1.94%	-28.27%	8.30%	21.99%	29.61%
Return on Invested Capital (ROIC)	11.84%	6.12%	0.11%	6.22%	11.84%	7.16%	10.85%	9.38%	11.41%	13.01%	9.46%
ROIC Less NNEP Spread (ROIC-NNEP)	5.16%	2.81%	0.23%	0.73%	5.57%	2.16%	-8.18%	2.83%	-1.78%	5.18%	20.21%
Return on Net Nonoperating Assets (RNNOA)	2.80%	2.09%	0.15%	0.38%	2.55%	0.82%	-3.32%	1.28%	-0.71%	1.95%	7.71%
Return on Equity (ROE)	14.64%	8.21%	0.26%	6.60%	14.39%	7.97%	7.52%	10.66%	10.70%	14.96%	17.18%
Cash Return on Invested Capital (CROIC)	2.05%	8.83%	11.19%	6.95%	13.66%	10.67%	-1.11%	9.38%	12.69%	5.16%	3.12%
Operating Return on Assets (OROA)	9.58%	5.59%	6.38%	4.14%	7.72%	4.98%	4.64%	4.12%	5.73%	8.48%	10.63%
Return on Assets (ROA)	5.32%	2.80%	0.09%	2.31%	5.17%	2.75%	2.70%	4.15%	4.15%	5.68%	6.60%
Return on Common Equity (ROCE)	14.53%	8.11%	0.26%	6.53%	14.20%	7.85%	7.39%	10.47%	10.50%	14.65%	16.75%
Return on Equity Simple (ROE_SIMPLE)	16.03%	8.38%	0.26%	6.69%	14.14%	8.14%	7.46%	10.85%	10.60%	15.00%	0.00%
Net Operating Profit after Tax (NOPAT)	330	176	3.08	158	296	174	276	253	306	361	281
NOPAT Margin	7.23%	4.41%	0.08%	4.11%	7.52%	4.68%	7.79%	7.00%	7.08%	7.91%	5.95%
Net Nonoperating Expense Percent (NNEP)	6.69%	3.30%	-0.12%	5.49%	6.26%	5.00%	19.02%	6.55%	13.19%	7.83%	-10.75%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	8.08%	9.53%	10.14%	7.35%
Cost of Revenue to Revenue	67.58%	69.01%	70.25%	68.95%	67.27%	70.04%	70.36%	72.50%	70.45%	68.53%	66.56%
SG&A Expenses to Revenue	21.34%	24.19%	24.63%	25.20%	23.18%	23.56%	22.51%	22.56%	22.25%	21.46%	22.46%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	21.13%	24.06%	24.63%	25.20%	22.91%	23.24%	22.00%	22.05%	21.83%	21.33%	24.98%
Earnings before Interest and Taxes (EBIT)	476	270	307	197	369	256	235	197	284	450	596
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	603	387	425	309	475	356	334	288	367	536	691
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.79	3.31	2.87	2.66	3.34	2.56	2.06	2.11	2.75	3.76	4.02
Price to Tangible Book Value (P/TBV)	23.68	27.14	20.99	17.19	15.66	13.11	7.20	7.39	8.42	14.18	14.68
Price to Revenue (P/Rev)	1.01	1.34	1.30	1.14	1.48	1.19	1.06	1.07	1.23	1.66	1.86
Price to Earnings (P/E)	17.81	40.33	1,791.51	41.80	24.45	33.94	29.85	20.45	28.48	26.73	25.47
Dividend Yield	2.05%	2.32%	2.61%	2.28%	2.13%	2.35%	2.77%	2.71%	1.97%	1.46%	1.21%
Earnings Yield	5.62%	2.48%	0.06%	2.39%	4.09%	2.95%	3.35%	4.89%	3.51%	3.74%	3.93%
Enterprise Value to Invested Capital (EV/IC)	2.01	2.31	2.22	2.08	2.65	2.13	1.72	1.75	2.27	2.93	3.16
Enterprise Value to Revenue (EV/Rev)	1.29	1.65	1.54	1.37	1.67	1.37	1.31	1.31	1.40	1.85	2.05
Enterprise Value to EBITDA (EV/EBITDA)	9.75	16.97	13.26	16.97	13.84	14.28	13.85	16.45	16.46	15.74	14.03
Enterprise Value to EBIT (EV/EBIT)	12.35	24.30	18.39	26.65	17.81	19.92	19.74	24.06	21.31	18.73	16.28
Enterprise Value to NOPAT (EV/NOPAT)	17.82	37.28	1,830.36	33.33	22.19	29.20	16.78	18.70	19.77	23.38	34.45
Enterprise Value to Operating Cash Flow (EV/OCF)	13.33	27.31	18.13	27.51	20.28	16.39	18.52	0.00	18.56	19.82	19.17
Enterprise Value to Free Cash Flow (EV/FCFF)	103.06	25.83	18.72	29.80	19.24	19.58	0.00	18.70	17.78	58.92	104.57
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.97	0.96	0.94	0.89	0.78	0.98	0.69	0.69	0.62	0.73	0.70
Long-Term Debt to Equity	0.94	0.91	0.90	0.85	0.77	0.98	0.66	0.66	0.59	0.71	0.68
Financial Leverage	0.54	0.74	0.63	0.52	0.46	0.38	0.41	0.45	0.40	0.38	0.38
Leverage Ratio	2.75	2.93	2.91	2.86	2.78	2.90	2.79	2.58	2.58	2.63	2.60
Compound Leverage Factor	2.39	2.31	2.49	2.27	2.43	2.30	1.59	2.03	2.04	2.26	2.30
Debt to Total Capital	49.34%	48.96%	48.53%	47.17%	43.73%	49.51%	40.66%	40.66%	38.45%	42.30%	41.13%
Short-Term Debt to Total Capital	1.84%	2.66%	2.33%	2.17%	0.36%	0.26%	1.58%	1.58%	2.06%	1.24%	1.30%
Long-Term Debt to Total Capital	47.50%	46.30%	46.20%	45.00%	43.37%	49.25%	39.08%	39.08%	36.38%	41.06%	39.83%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.53%	0.65%	0.50%	0.59%	0.81%	0.87%	1.07%	1.07%	1.21%	1.24%	1.64%
Common Equity to Total Capital	50.14%	50.39%	50.97%	52.24%	55.46%	49.62%	58.27%	58.27%	60.34%	56.46%	57.23%
Debt to EBITDA	2.69	4.06	3.71	4.79	2.90	4.85	3.81	4.43	3.36	2.81	2.28
Net Debt to EBITDA	2.08	3.11	2.05	2.79	1.49	1.77	2.51	2.92	1.87	1.55	1.18
Long-Term Debt to EBITDA	2.59	3.84	3.53	4.57	2.88	4.82	3.66	4.26	3.18	2.73	2.21
Debt to NOPAT	4.92	8.92	511.29	9.41	4.65	9.91	4.61	5.03	4.03	4.17	5.60
Net Debt to NOPAT	3.81	6.83	282.97	5.48	2.39	3.62	3.04	3.31	2.25	2.30	2.90
Long-Term Debt to NOPAT	4.74	8.43	486.75	8.98	4.61	9.86	4.44	4.84	3.82	4.05	5.42
Altman Z-Score	3.35	3.44	3.15	3.27	3.52	2.97	3.08	3.09	3.40	3.75	4.07
Noncontrolling Interest Sharing Ratio	0.76%	1.16%	1.13%	1.05%	1.28%	1.58%	1.77%	1.80%	1.89%	2.06%	2.48%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.82	1.95	2.06	2.20	2.24	2.54	1.97	1.97	1.88	1.98	2.03
Quick Ratio	1.00	1.06	1.26	1.31	1.31	1.62	1.05	1.05	0.99	1.13	1.19
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	57	254	301	176	342	260	-28	253	340	143	93
Operating Cash Flow to CapEx	256.79%	278.31%	553.82%	245.27%	970.84%	744.69%	478.49%	-55.67%	498.87%	539.90%	852.00%
Free Cash Flow to Firm to Interest Expense	0.87	4.23	5.04	3.03	6.21	4.53	-0.27	5.47	5.08	2.06	1.19
Operating Cash Flow to Interest Expense	6.75	4.00	5.21	3.28	5.89	5.41	2.41	-0.87	4.87	6.14	6.51
Operating Cash Flow Less CapEx to Interest Expense	4.12	2.56	4.27	1.94	5.29	4.68	1.91	-2.42	3.89	5.00	5.74
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.92	0.83	0.76	0.81	0.82	0.73	0.70	0.76	0.87	0.86	0.84
Accounts Receivable Turnover	4.41	4.27	4.21	4.65	4.96	4.81	4.37	4.50	4.94	4.90	4.72
Inventory Turnover	3.12	2.94	2.89	3.48	4.09	3.93	3.39	3.54	3.62	3.64	3.87
Fixed Asset Turnover	6.28	5.38	5.24	5.98	6.71	0.00	0.00	0.00	8.58	8.72	8.55
Accounts Payable Turnover	5.58	6.10	6.01	6.14	6.12	5.88	5.43	5.91	5.94	5.71	5.73
Days Sales Outstanding (DSO)	82.81	85.45	86.71	78.47	73.56	75.83	83.60	81.17	73.94	74.42	77.40
Days Inventory Outstanding (DIO)	116.97	124.35	126.45	104.76	89.15	92.81	107.71	103.16	100.92	100.33	94.34
Days Payable Outstanding (DPO)	65.36	59.88	60.68	59.48	59.66	62.04	67.17	61.75	61.43	63.87	63.75
Cash Conversion Cycle (CCC)	134.43	149.93	152.47	123.74	103.05	106.60	124.14	122.58	113.43	110.88	107.99
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,919	2,841	2,543	2,524	2,479	2,393	2,697	2,697	2,663	2,880	3,069
Invested Capital Turnover	1.64	1.39	1.36	1.51	1.58	1.53	1.39	1.34	1.61	1.64	1.59
Increase / (Decrease) in Invested Capital	273	-78	-298	-19	-46	-86	304	0.00	-34	218	189
Enterprise Value (EV)	5,873	6,567	5,639	5,251	6,572	5,089	4,632	4,731	6,046	8,430	9,697
Market Capitalization	4,602	5,342	4,751	4,369	5,840	4,427	3,760	3,859	5,319	7,557	8,819
Book Value per Share	$12.59	$12.39	$12.67	$12.55	$13.35	$13.29	$14.01	$13.96	$14.76	$15.28	$17.24
Tangible Book Value per Share	$1.49	$1.51	$1.73	$1.94	$2.85	$2.59	$4.01	$4.00	$4.81	$4.06	$4.73
Total Capital	3,285	3,208	3,246	3,144	3,150	3,488	3,132	3,132	3,209	3,556	3,829
Total Debt	1,621	1,571	1,575	1,483	1,377	1,727	1,273	1,273	1,234	1,504	1,575
Total Long-Term Debt	1,561	1,485	1,500	1,415	1,366	1,718	1,224	1,224	1,167	1,460	1,525
Net Debt	1,255	1,203	872	863	706	632	839	839	688	829	815
Capital Expenditures (CapEx)	172	86	56	78	33	42	52	72	65	79	59
Debt-free, Cash-free Net Working Capital (DFCFNWC)	801	837	688	751	730	676	822	822	786	805	831
Debt-free Net Working Capital (DFNWC)	1,167	1,205	1,391	1,370	1,401	1,772	1,257	1,257	1,331	1,480	1,591
Net Working Capital (NWC)	1,107	1,119	1,316	1,302	1,389	1,763	1,208	1,208	1,265	1,436	1,541
Net Nonoperating Expense (NNE)	65	41	-1.25	48	49	33	140	55	101	59	-88
Net Nonoperating Obligations (NNO)	1,255	1,203	872	863	706	632	839	839	688	829	815
Total Depreciation and Amortization (D&A)	127	117	118	112	106	101	100	91	84	86	95
Debt-free, Cash-free Net Working Capital to Revenue	17.57%	20.99%	18.79%	19.57%	18.52%	18.14%	23.22%	22.74%	18.19%	17.66%	17.56%
Debt-free Net Working Capital to Revenue	25.61%	30.19%	38.01%	35.73%	35.55%	47.52%	35.50%	34.77%	30.82%	32.48%	33.64%
Net Working Capital to Revenue	24.29%	28.05%	35.94%	33.95%	35.26%	47.28%	34.11%	33.41%	29.28%	31.52%	32.58%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.01	$0.00	$0.02	$0.91	$1.94	$0.89	$0.00	$0.00	$1.42	$2.15	$2.66
Adjusted Weighted Average Basic Shares Outstanding	130.07M	0.00	130.80M	130.98M	130.90M	130.28M	0.00	0.00	131.12M	131.49M	130.01M
Adjusted Diluted Earnings per Share	$2.00	$0.00	$0.02	$0.91	$1.93	$0.89	$0.00	$0.00	$1.42	$2.14	$2.64
Adjusted Weighted Average Diluted Shares Outstanding	130.07M	0.00	130.80M	130.98M	130.90M	130.28M	0.00	0.00	131.93M	132.36M	130.98M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	130.07M	0.00	130.80M	130.98M	130.90M	130.28M	0.00	0.00	131.23M	131.75M	127.26M
Normalized Net Operating Profit after Tax (NOPAT)	330	176	131	158	296	174	190	138	306	361	281
Normalized NOPAT Margin	7.23%	4.41%	3.58%	4.11%	7.52%	4.68%	5.35%	3.82%	7.08%	7.91%	5.95%
Pre Tax Income Margin	9.05%	5.34%	7.18%	4.08%	8.18%	5.43%	3.77%	4.27%	5.18%	8.47%	11.11%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	7.29	4.49	5.14	3.39	6.71	4.45	2.26	4.25	4.24	6.49	7.66
NOPAT to Interest Expense	5.05	2.93	0.05	2.71	5.39	3.04	2.66	5.47	4.57	5.20	3.62
EBIT Less CapEx to Interest Expense	4.66	3.06	4.19	2.05	6.10	3.73	1.76	2.70	3.26	5.36	6.90
NOPAT Less CapEx to Interest Expense	2.42	1.49	-0.89	1.37	4.78	2.31	2.16	3.92	3.59	4.07	2.86
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	35.47%	72.12%	2,292.81%	90.47%	40.32%	73.94%	76.81%	52.80%	51.15%	36.66%	29.65%
Augmented Payout Ratio	150.48%	72.12%	2,292.81%	90.47%	46.39%	96.73%	89.69%	52.80%	51.15%	43.33%	98.57%

This table displays calculated financial ratios and metrics derived from Flowserve's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	127,260,329.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	127,260,329.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.64
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	25.41%	12.15%	10.93%	7.08%	3.50%	1.30%	5.25%	2.70%	3.65%	3.55%	-6.66%
EBITDA Growth	2.18%	9.41%	89.08%	21.95%	53.55%	36.62%	3.92%	6.39%	204.37%	-68.26%	8.24%
EBIT Growth	6.91%	13.41%	128.22%	27.37%	72.02%	43.40%	2.16%	4.78%	244.90%	-80.83%	10.29%
NOPAT Growth	284.96%	-49.18%	80.45%	32.62%	-10.76%	-4.68%	19.99%	34.67%	-29.83%	-237.01%	-11.00%
Net Income Growth	29.43%	-46.03%	159.75%	38.62%	20.45%	23.82%	1.98%	15.40%	253.37%	-126.03%	8.70%
EPS Growth	20.69%	-48.39%	180.00%	41.03%	25.71%	22.92%	0.00%	12.73%	279.55%	-135.59%	14.29%
Operating Cash Flow Growth	311.86%	180.15%	134.15%	-153.71%	121.02%	1.40%	-180.21%	1,305.96%	125.14%	-100.09%	13.73%
Free Cash Flow Firm Growth	66.82%	-32.36%	181.91%	177.13%	308.54%	-186.53%	-302.98%	-304.21%	-271.75%	-171.98%	92.14%
Invested Capital Growth	5.36%	-1.27%	-1.99%	-0.75%	-0.98%	8.17%	14.94%	12.81%	8.74%	6.55%	3.86%
Revenue Q/Q Growth	1.33%	6.44%	-6.67%	6.38%	-2.06%	4.17%	-3.03%	3.80%	-1.15%	4.07%	-12.59%
EBITDA Q/Q Growth	-31.32%	39.64%	24.41%	2.21%	-13.52%	24.25%	-5.37%	4.63%	147.41%	-87.04%	222.68%
EBIT Q/Q Growth	-37.93%	53.62%	29.17%	3.42%	-16.17%	28.06%	-7.98%	6.07%	175.93%	-92.88%	429.49%
NOPAT Q/Q Growth	27.99%	15.81%	-13.06%	2.91%	-13.87%	23.71%	9.44%	15.50%	-55.12%	-341.52%	171.09%
Net Income Q/Q Growth	-4.64%	28.24%	15.52%	-1.88%	-17.14%	31.83%	-4.85%	11.03%	153.74%	-109.71%	497.34%
EPS Q/Q Growth	-10.26%	37.14%	16.67%	-1.79%	-20.00%	34.09%	-5.08%	10.71%	169.35%	-112.57%	404.76%
Operating Cash Flow Q/Q Growth	239.37%	141.01%	-68.01%	-120.53%	1,496.38%	10.57%	-125.30%	408.70%	160.69%	-100.04%	-24,658.62%
Free Cash Flow Firm Q/Q Growth	65.21%	368.99%	4.97%	-21.47%	-5.95%	-211.62%	-146.22%	21.00%	20.89%	-76.75%	92.88%
Invested Capital Q/Q Growth	-1.42%	-3.53%	0.75%	3.59%	-1.65%	5.38%	7.06%	1.67%	-5.19%	3.25%	4.35%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	29.02%	29.14%	31.17%	31.64%	31.51%	31.53%	32.27%	34.22%	32.38%	34.79%	35.56%
EBITDA Margin	7.03%	9.23%	12.30%	11.82%	10.44%	12.45%	12.15%	12.24%	30.64%	3.82%	14.09%
Operating Margin	6.42%	9.39%	10.40%	10.49%	9.11%	10.57%	11.52%	12.34%	6.75%	3.45%	11.18%
EBIT Margin	5.17%	7.46%	10.32%	10.03%	8.58%	10.55%	10.02%	10.23%	28.57%	1.95%	11.84%
Profit (Net Income) Margin	4.80%	5.79%	7.16%	6.61%	5.59%	7.08%	6.94%	7.43%	19.06%	-1.78%	8.08%
Tax Burden Percent	127.01%	94.41%	79.46%	76.22%	77.17%	79.00%	81.75%	84.95%	70.50%	-320.04%	80.34%
Interest Burden Percent	73.23%	82.24%	87.39%	86.43%	84.39%	84.86%	84.79%	85.42%	94.65%	28.44%	85.03%
Effective Tax Rate	-27.01%	5.59%	20.54%	23.78%	22.83%	21.00%	18.25%	15.05%	29.50%	420.04%	19.66%
Return on Invested Capital (ROIC)	12.71%	14.30%	13.50%	12.90%	11.62%	13.72%	15.08%	16.47%	7.82%	-17.56%	13.30%
ROIC Less NNEP Spread (ROIC-NNEP)	8.58%	9.59%	11.95%	10.95%	9.41%	11.75%	11.62%	11.98%	34.15%	-3.78%	12.27%
Return on Net Nonoperating Assets (RNNOA)	4.23%	3.82%	4.76%	4.56%	3.46%	4.42%	4.62%	4.52%	9.84%	-1.44%	5.23%
Return on Equity (ROE)	16.94%	18.12%	18.26%	17.47%	15.08%	18.15%	19.70%	20.98%	17.65%	-19.00%	18.52%
Cash Return on Invested Capital (CROIC)	9.60%	12.69%	14.67%	13.84%	14.17%	5.16%	-0.79%	1.81%	4.49%	3.12%	4.88%
Operating Return on Assets (OROA)	4.58%	6.51%	9.11%	8.96%	7.62%	9.07%	8.69%	8.77%	24.12%	1.65%	9.82%
Return on Assets (ROA)	4.26%	5.05%	6.33%	5.90%	4.96%	6.08%	6.03%	6.36%	16.09%	-1.50%	6.71%
Return on Common Equity (ROCE)	16.59%	17.78%	17.91%	17.10%	14.74%	17.77%	19.26%	20.48%	17.21%	-18.53%	18.03%
Return on Equity Simple (ROE_SIMPLE)	14.02%	0.00%	12.95%	13.93%	13.88%	0.00%	14.56%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	89	103	90	92	80	99	108	125	56	-135	96
NOPAT Margin	8.15%	8.87%	8.26%	7.99%	7.03%	8.35%	9.42%	10.48%	4.76%	-11.04%	8.98%
Net Nonoperating Expense Percent (NNEP)	4.13%	4.70%	1.55%	1.95%	2.21%	1.98%	3.46%	4.48%	-26.33%	-13.78%	1.02%
Return On Investment Capital (ROIC_SIMPLE)	-	3.22%	-	-	-	2.77%	2.97%	3.31%	1.47%	-3.52%	2.40%
Cost of Revenue to Revenue	70.98%	70.86%	68.83%	68.36%	68.49%	68.47%	67.73%	65.78%	67.62%	65.21%	64.44%
SG&A Expenses to Revenue	23.03%	20.15%	21.00%	20.63%	22.86%	21.35%	21.25%	22.38%	25.98%	20.28%	24.66%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	22.60%	19.75%	20.77%	21.16%	22.41%	20.96%	20.75%	21.88%	25.63%	31.34%	24.38%
Earnings before Interest and Taxes (EBIT)	57	87	112	116	97	125	115	122	335	24	126
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	77	108	134	137	118	147	139	145	360	47	150
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.74	2.75	3.05	3.21	3.31	3.76	3.09	3.08	3.07	4.02	4.23
Price to Tangible Book Value (P/TBV)	8.73	8.42	9.02	9.28	9.08	14.18	10.87	9.74	9.35	14.68	14.70
Price to Revenue (P/Rev)	1.22	1.23	1.35	1.41	1.49	1.66	1.39	1.47	1.48	1.86	2.01
Price to Earnings (P/E)	20.88	28.48	25.48	24.77	25.35	26.73	22.78	23.47	15.35	25.47	26.42
Dividend Yield	2.56%	1.97%	1.78%	1.70%	1.61%	1.46%	1.72%	1.60%	1.58%	1.21%	1.16%
Earnings Yield	4.79%	3.51%	3.92%	4.04%	3.94%	3.74%	4.39%	4.26%	6.52%	3.93%	3.78%
Enterprise Value to Invested Capital (EV/IC)	2.18	2.27	2.50	2.57	2.73	2.93	2.41	2.47	2.58	3.16	3.23
Enterprise Value to Revenue (EV/Rev)	1.43	1.40	1.51	1.59	1.64	1.85	1.61	1.67	1.63	2.05	2.22
Enterprise Value to EBITDA (EV/EBITDA)	16.79	16.46	15.56	15.69	15.05	15.74	13.75	14.11	9.68	14.03	14.73
Enterprise Value to EBIT (EV/EBIT)	21.99	21.31	19.31	19.22	18.11	18.73	16.44	16.93	11.00	16.28	17.03
Enterprise Value to NOPAT (EV/NOPAT)	15.08	19.77	19.52	19.56	20.62	23.38	19.68	18.94	20.86	34.45	37.97
Enterprise Value to Operating Cash Flow (EV/OCF)	29.97	18.56	18.53	21.98	17.68	19.82	23.76	16.16	10.89	19.17	20.18
Enterprise Value to Free Cash Flow (EV/FCFF)	23.27	17.78	16.84	18.50	19.19	58.92	0.00	144.86	59.80	104.57	67.41
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.69	0.62	0.61	0.63	0.59	0.73	0.70	0.65	0.64	0.70	0.75
Long-Term Debt to Equity	0.66	0.59	0.58	0.60	0.56	0.71	0.68	0.63	0.62	0.68	0.73
Financial Leverage	0.49	0.40	0.40	0.42	0.37	0.38	0.40	0.38	0.29	0.38	0.43
Leverage Ratio	2.63	2.58	2.59	2.56	2.55	2.63	2.58	2.53	2.51	2.60	2.54
Compound Leverage Factor	1.92	2.12	2.26	2.21	2.15	2.24	2.19	2.16	2.37	0.74	2.16
Debt to Total Capital	40.96%	38.45%	37.91%	38.79%	37.06%	42.30%	41.26%	39.46%	38.93%	41.13%	42.93%
Short-Term Debt to Total Capital	1.89%	2.06%	2.07%	2.02%	2.00%	1.24%	1.22%	1.19%	1.22%	1.30%	1.33%
Long-Term Debt to Total Capital	39.08%	36.38%	35.84%	36.78%	35.06%	41.06%	40.04%	38.27%	37.72%	39.83%	41.60%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.21%	1.21%	1.31%	1.40%	1.53%	1.24%	1.37%	1.49%	1.58%	1.64%	1.70%
Common Equity to Total Capital	57.83%	60.34%	60.78%	59.80%	61.41%	56.46%	57.38%	59.05%	59.48%	57.23%	55.37%
Debt to EBITDA	3.71	3.36	2.83	2.81	2.50	2.81	2.76	2.70	1.87	2.28	2.44
Net Debt to EBITDA	2.37	1.87	1.60	1.68	1.27	1.55	1.76	1.56	0.82	1.18	1.31
Long-Term Debt to EBITDA	3.54	3.18	2.68	2.66	2.36	2.73	2.68	2.62	1.81	2.21	2.37
Debt to NOPAT	3.33	4.03	3.55	3.50	3.42	4.17	3.96	3.63	4.04	5.60	6.29
Net Debt to NOPAT	2.12	2.25	2.00	2.09	1.73	2.30	2.53	2.09	1.77	2.90	3.39
Long-Term Debt to NOPAT	3.18	3.82	3.36	3.32	3.24	4.05	3.84	3.52	3.91	5.42	6.10
Altman Z-Score	3.29	3.27	3.43	3.55	3.59	3.56	3.43	3.44	3.56	3.74	3.91
Noncontrolling Interest Sharing Ratio	2.05%	1.89%	1.95%	2.13%	2.25%	2.06%	2.22%	2.38%	2.52%	2.48%	2.66%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.02	1.88	1.88	2.00	1.99	1.98	2.07	2.10	2.10	2.03	2.22
Quick Ratio	1.03	0.99	0.98	1.10	1.10	1.13	1.15	1.17	1.25	1.19	1.27
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-51	138	144	113	107	-119	-293	-232	-183	-324	-23
Operating Cash Flow to CapEx	515.98%	982.25%	457.44%	-87.08%	747.42%	684.05%	-425.40%	928.48%	2,364.63%	-1.17%	-600.00%
Free Cash Flow to Firm to Interest Expense	-2.96	8.15	9.43	6.70	6.43	-5.81	-15.28	-11.43	-9.77	-16.54	-1.13
Operating Cash Flow to Interest Expense	4.68	11.53	4.06	-0.76	10.76	9.64	-2.60	7.61	21.45	-0.01	-2.11
Operating Cash Flow Less CapEx to Interest Expense	3.77	10.35	3.18	-1.62	9.32	8.23	-3.22	6.79	20.54	-0.77	-2.46
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.89	0.87	0.88	0.89	0.89	0.86	0.87	0.86	0.84	0.84	0.83
Accounts Receivable Turnover	5.12	4.94	4.87	4.69	4.94	4.90	4.71	4.46	4.64	4.72	4.65
Inventory Turnover	3.49	3.62	3.52	3.56	3.53	3.64	3.65	3.66	3.69	3.87	3.71
Fixed Asset Turnover	8.69	8.58	8.89	9.08	9.13	8.72	8.86	8.85	8.84	8.55	8.45
Accounts Payable Turnover	6.61	5.94	5.99	5.99	5.96	5.71	5.79	5.56	5.38	5.73	5.79
Days Sales Outstanding (DSO)	71.31	73.94	74.96	77.77	73.93	74.42	77.43	81.76	78.69	77.40	78.55
Days Inventory Outstanding (DIO)	104.48	100.92	103.65	102.55	103.34	100.33	99.93	99.70	98.80	94.34	98.44
Days Payable Outstanding (DPO)	55.19	61.43	60.95	60.98	61.25	63.87	62.99	65.69	67.80	63.75	63.09
Cash Conversion Cycle (CCC)	120.60	113.43	117.65	119.35	116.02	110.88	114.37	115.77	109.68	107.99	113.90
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,760	2,663	2,683	2,779	2,733	2,880	3,084	3,135	2,973	3,069	3,203
Invested Capital Turnover	1.56	1.61	1.63	1.61	1.65	1.64	1.60	1.57	1.64	1.59	1.48
Increase / (Decrease) in Invested Capital	140	-34	-55	-21	-27	218	401	356	239	189	119
Enterprise Value (EV)	6,012	6,046	6,696	7,142	7,470	8,430	7,439	7,756	7,658	9,697	10,345
Market Capitalization	5,126	5,319	5,967	6,333	6,791	7,557	6,434	6,844	6,950	8,819	9,355
Book Value per Share	$14.28	$14.76	$14.86	$14.96	$15.64	$15.28	$15.79	$17.01	$17.31	$17.24	$17.38
Tangible Book Value per Share	$4.48	$4.81	$5.03	$5.18	$5.69	$4.06	$4.49	$5.38	$5.68	$4.73	$5.00
Total Capital	3,241	3,209	3,215	3,294	3,345	3,556	3,625	3,765	3,806	3,829	3,995
Total Debt	1,328	1,234	1,219	1,278	1,240	1,504	1,495	1,486	1,482	1,575	1,715
Total Long-Term Debt	1,266	1,167	1,152	1,212	1,173	1,460	1,451	1,441	1,436	1,525	1,662
Net Debt	847	688	687	763	628	829	955	856	648	815	923
Capital Expenditures (CapEx)	16	20	14	15	24	29	12	17	17	15	7.18
Debt-free, Cash-free Net Working Capital (DFCFNWC)	912	786	827	961	885	805	986	989	873	831	938
Debt-free Net Working Capital (DFNWC)	1,393	1,331	1,359	1,476	1,496	1,480	1,527	1,619	1,706	1,591	1,730
Net Working Capital (NWC)	1,332	1,265	1,292	1,409	1,429	1,436	1,483	1,574	1,660	1,541	1,677
Net Nonoperating Expense (NNE)	37	36	12	16	16	15	28	36	-168	-113	9.59
Net Nonoperating Obligations (NNO)	847	688	687	763	628	829	955	856	648	815	923
Total Depreciation and Amortization (D&A)	20	21	22	21	21	22	24	24	24	23	24
Debt-free, Cash-free Net Working Capital to Revenue	21.75%	18.19%	18.67%	21.33%	19.47%	17.66%	21.37%	21.29%	18.61%	17.56%	20.15%
Debt-free Net Working Capital to Revenue	33.21%	30.82%	30.69%	32.77%	32.94%	32.48%	33.08%	34.84%	36.40%	33.64%	37.18%
Net Working Capital to Revenue	31.75%	29.28%	29.19%	31.29%	31.47%	31.52%	32.13%	33.87%	35.41%	32.58%	36.04%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.35	$0.48	$0.56	$0.55	$0.44	$0.60	$0.56	$0.62	$1.69	($0.21)	$0.64
Adjusted Weighted Average Basic Shares Outstanding	131.18M	131.12M	131.51M	131.66M	131.40M	131.49M	131.57M	130.85M	130.32M	130.01M	127.49M
Adjusted Diluted Earnings per Share	$0.35	$0.48	$0.56	$0.55	$0.44	$0.59	$0.56	$0.62	$1.67	($0.21)	$0.64
Adjusted Weighted Average Diluted Shares Outstanding	132.03M	131.93M	132.37M	132.42M	132.25M	132.36M	132.67M	131.60M	131.24M	130.98M	128.62M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	131.21M	131.23M	131.65M	131.37M	131.38M	131.75M	130.73M	130.78M	127.12M	127.26M	127.81M
Normalized Net Operating Profit after Tax (NOPAT)	49	103	90	92	80	99	108	125	56	30	96
Normalized NOPAT Margin	4.49%	8.87%	8.26%	7.99%	7.03%	8.35%	9.42%	10.48%	4.76%	2.42%	8.98%
Pre Tax Income Margin	3.78%	6.13%	9.02%	8.67%	7.24%	8.96%	8.49%	8.74%	27.04%	0.56%	10.06%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.27	5.14	7.33	6.86	5.86	6.08	5.98	6.00	17.90	1.22	6.19
NOPAT to Interest Expense	5.17	6.12	5.87	5.47	4.80	4.81	5.62	6.15	2.98	-6.90	4.70
EBIT Less CapEx to Interest Expense	2.37	3.97	6.44	5.99	4.42	4.67	5.37	5.18	17.00	0.46	5.84
NOPAT Less CapEx to Interest Expense	4.26	4.95	4.98	4.60	3.36	3.40	5.01	5.33	2.08	-7.66	4.35
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	39.91%	51.15%	42.03%	39.26%	38.26%	36.66%	36.46%	35.10%	23.21%	29.65%	28.87%
Augmented Payout Ratio	39.91%	51.15%	43.04%	45.15%	45.29%	43.33%	49.22%	53.12%	64.87%	98.57%	90.92%

Financials Breakdown Chart

Key Financial Trends

Flowserve Corp (NYSE: FLS) — four-year trend snapshot (2022 through 2025, quarterly data)

The data show Flowserve delivering revenue growth and expanding gross margins over time, generally solid cash generation in most quarters, and a sizable long-term debt load. However, 2025 has also featured notable quarterly earnings volatility, and a few quarters show weaker cash flow from operations. Below are the most relevant points for retail investors to consider, organized from positive to neutral to negative.

Revenue growth and margin trend: Operating revenue rose from about $1.039B in 2022 Q4 to about $1.222B in 2025 Q4, while gross margin expanded from roughly 28–31% in 2022–2023 to about 34.8% in 2025 Q4 (gross profit of $425.2M on $1.222B revenue).
Improving gross margin across the period: Gross margin has shown a steady upward drift, supporting stronger product and service pricing power relative to cost of revenue.
Solid quarterly operating cash flow in recent periods: Net cash from continuing operating activities was robust in 2025 Q3 (about $401.8M) and 2024 Q4 (about $197.3M), indicating a cash-generative core in typical quarters.
Liquidity appears solid: Cash and cash equivalents hovered around $0.63B–$0.84B in 2025, and Flowserve maintained a healthy current ratio (example: 2025 Q3 current assets about $3.16B vs. current liabilities about $1.50B, implying a strong short-term liquidity position).
Debt framework remains manageable with active but selective financing: Long-term debt generally around $1.1B–$1.44B across recent periods, with occasional debt issuances and repayments. The company maintains a modest short-term debt load and uses debt alongside cash generation to fund operations and capex.
Capital discipline with moderate capex: Purchases of property, plant & equipment run in the low tens of millions each quarter (for example, roughly $11–26M per quarter), indicating ongoing but manageable investment in fixed assets without overwhelming cash generation.
Dividend policy maintained: Flowserve continues to pay a cash dividend (cash dividends per share around $0.21), signaling a shareholder-friendly capital allocation stance alongside growth investments.
Earnings and non-operating items show volatility: Quarterly results are affected by non-operating items and fluctuations in other income/expense. For example, quarterly net income can swing from strong positives (Q3 2025) to losses (Q4 2025), largely due to non-core items and taxes rather than core operations alone.
Accompanying financing activity swings: Net cash from financing activities has swung between quarters (issuance and repayment of debt, share repurchases, and dividends). While some quarters show positive financing cash flow, others are negative, reflecting opportunistic debt management and capital return activity rather than a steady pattern.
Q4 2025 net income and cash flow softness: Net income attributable to common shareholders in 2025 Q4 was negative (about $29.0M) and earnings per share were around -$0.21, despite prior quarters being profitable. CFO for the quarter was also weak, contributing to a negative quarterly earnings footprint.

Notes for context (key numbers drawn from the last four years):

Revenue progression: 2022 Q4 ≈ $1.039B; 2023 Q4 ≈ $1.165B; 2024 Q4 ≈ $1.180B; 2025 Q4 ≈ $1.222B.
Gross margin: 2022 Q4 ≈ 28–29%; 2023 Q4 ≈ ~29–30%; 2024 Q4 ≈ ~31–32%; 2025 Q4 ≈ ~34.8% (425.2M gross profit on 1.222B revenue).
Net income and EPS: Varied by quarter; 2025 Q3 net income ≈ $223.9M with EPS ≈ $1.69; 2025 Q4 net income ≈ -$21.7M with EPS ≈ -$0.21.
Operating cash flow: 2025 Q3 CFO ≈ $401.8M; 2024 Q4 CFO ≈ $197.3M; 2022–2024 generally positive CFO; 2025 Q4 CFO negative (approx. -$0.17M, essentially flat to negative for the quarter).
Balance sheet snapshot (highlights): Cash around $0.64B–$0.84B in 2025 periods; Total liabilities around $3.0B–$3.5B with long-term debt typically around $1.1B–$1.44B; Total assets around $5.2B–$5.8B in 2025.

Overall takeaway for retail investors: Flowserve demonstrates a positive long-run trajectory in revenue and gross margin, with meaningful cash generation in most quarters and a solid liquidity cushion. The primary near-term watch points are quarterly earnings volatility tied to non-operating items, and the impact of debt management on cash flows. If the company can maintain positive operating cash flow in most quarters and stabilize earnings, the re-acceleration in gross margins could support continued earnings and dividend reliability.

05/18/26 06:31 PM ETAI Generated. May Contain Errors.

Flowserve Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Flowserve's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Flowserve's net income appears to be on an upward trend, with a most recent value of $369.80 million in 2025, rising from $264.02 million in 2015. The previous period was $301.23 million in 2024. See where experts think Flowserve is headed by visiting Flowserve's forecast page.

Flowserve's total operating income in 2025 was $399.92 million, based on the following breakdown:

Total Gross Profit: $1.58 billion
Total Operating Expenses: $1.18 billion

Over the last 10 years, Flowserve's total revenue changed from $4.56 billion in 2015 to $4.73 billion in 2025, a change of 3.8%.

Flowserve's total liabilities were at $3.45 billion at the end of 2025, a 0.1% increase from 2024, and a 4.7% increase since 2015.

In the past 10 years, Flowserve's cash and equivalents has ranged from $366.44 million in 2015 to $1.10 billion in 2020, and is currently $760.18 million as of their latest financial filing in 2025.

Over the last 10 years, Flowserve's book value per share changed from 12.59 in 2015 to 17.24 in 2025, a change of 37.0%.

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Financial statements for NYSE:FLS last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Flowserve (FLS) Financials

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