Go Pro
→ My top 3 AI picks for the next decade (From The Oxford Club) (Ad)tc pixel Free FLS Stock Alerts

Flowserve (FLS) Financials

Flowserve logo
$79.22 -1.11 (-1.38%)
Closing price 08/31/2026 03:58 PM Eastern
Extended Trading
$78.50 -0.72 (-0.90%)
As of 08:40 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
Compare
Annual Income Statements for Flowserve

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

Quarterly Income Statements for Flowserve

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

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 63 74 73 58 78 74 82 220 -29 82 99
Consolidated Net Income / (Loss)		 67 78 76 63 84 79 88 224 -22 86 102
Net Income / (Loss) Continuing Operations		 67 78 76 63 84 79 88 224 -22 86 102
Total Pre-Tax Income 		71 98 100 82 106 97 104 318 6.79 108 119
Total Operating Income		 109 113 121 103 125 132 147 79 42 119 151
Total Gross Profit		 340 339 366 357 372 369 407 380 425 380 385
Total Revenue		 1,165 1,087 1,157 1,133 1,180 1,145 1,188 1,174 1,222 1,068 1,169
Operating Revenue		 1,165 1,087 1,157 1,133 1,180 1,145 1,188 1,174 1,222 1,068 1,169
Total Cost of Revenue		 826 749 791 776 808 775 782 794 797 688 784
Operating Cost of Revenue		 826 749 791 776 808 775 782 794 797 688 784
Total Operating Expenses		 230 226 245 254 247 237 260 301 383 260 233
Selling, General & Admin Expense		 235 228 239 259 252 243 266 305 248 263 266
Marketing Expense		 -4.67 -2.53 -6.82 -5.15 -4.56 -5.73 -5.92 -4.14 -4.89 -2.99 -33
Other Operating Expenses / (Income)		 - - 13 0.00 - 0.00 0.00 0.00 - 0.00 0.00
Total Other Income / (Expense), net		 -38 -15 -21 -21 -19 -35 -43 238 -35 -12 -33
Interest Expense		 17 15 17 17 20 19 20 19 20 20 26
Interest & Investment Income		 1.46 1.17 1.17 1.40 1.63 1.75 2.53 0.79 2.49 1.50 5.02
Other Income / (Expense), net		 -23 -0.87 -5.26 -5.92 -0.14 -17 -25 256 -18 7.00 -12
Income Tax Expense		 3.99 20 24 19 22 18 16 94 29 21 17
Net Income / (Loss) Attributable to Noncontrolling Interest		 4.83 3.70 3.84 4.97 5.97 5.55 6.47 4.28 7.26 4.69 2.59
Basic Earnings per Share		 $0.48 $0.56 $0.55 $0.44 $0.60 $0.56 $0.62 $1.69 ($0.21) $0.64 $0.78
Weighted Average Basic Shares Outstanding		 131.12M 131.51M 131.66M 131.40M 131.49M 131.57M 130.85M 130.32M 130.01M 127.49M 127.64M
Diluted Earnings per Share		 $0.48 $0.56 $0.55 $0.44 $0.59 $0.56 $0.62 $1.67 ($0.21) $0.64 $0.77
Weighted Average Diluted Shares Outstanding		 131.93M 132.37M 132.42M 132.25M 132.36M 132.67M 131.60M 131.24M 130.98M 128.62M 128.36M
Weighted Average Basic & Diluted Shares Outstanding		 131.23M 131.65M 131.37M 131.38M 131.75M 130.73M 130.78M 127.12M 127.26M 127.81M 127.11M

Annual Cash Flow Statements for Flowserve

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

Quarterly Cash Flow Statements for Flowserve

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
Net Change in Cash & Equivalents		 65 -14 -17 97 64 -135 88 205 -74 32 -61
Net Cash From Operating Activities		 195 62 -13 178 197 -50 154 402 -0.17 -43 129
Net Cash From Continuing Operating Activities		 195 62 -13 178 197 -50 154 402 -0.17 -43 129
Net Income / (Loss) Continuing Operations		 67 78 76 63 84 79 88 224 -22 86 102
Consolidated Net Income / (Loss)		 67 78 76 63 84 79 88 224 -22 86 102
Depreciation Expense		 18 19 19 19 19 19 20 20 21 20 20
Amortization Expense		 2.50 2.25 2.14 2.09 3.27 5.57 4.02 4.42 2.21 3.73 4.17
Non-Cash Adjustments To Reconcile Net Income		 -31 1.80 26 -2.17 23 -8.14 -8.18 3.62 -36 -42 6.68
Changes in Operating Assets and Liabilities, net		 137 -39 -136 96 68 -146 50 150 35 -111 -3.28
Net Cash From Investing Activities		 -20 -14 -17 -24 -333 -11 -16 -17 -81 -7.18 -536
Net Cash From Continuing Investing Activities		 -20 -14 -17 -24 -333 -11 -16 -17 -81 -7.18 -536
Purchase of Property, Plant & Equipment		 -20 -14 -15 -24 -29 -12 -17 -17 -25 -17 -17
Sale of Property, Plant & Equipment		 - - - - - 0.46 - 0.20 10 9.72 0.15
Net Cash From Financing Activities		 -121 -54 18 -71 225 -84 -70 -177 4.02 89 346
Net Cash From Continuing Financing Activities		 -121 -54 18 -71 225 -84 -70 -177 4.02 89 346
Repayment of Debt		 -148 -15 -40 -40 -115 -9.51 -62 -9.08 -70 -9.90 -172
Repurchase of Common Equity		 - -2.55 -14 -3.91 - -21 -32 -145 -57 0.00 -25
Payment of Dividends		 -26 -28 -28 -28 -28 -28 -28 -27 -27 -27 -28
Issuance of Debt		 51 0.07 100 0.44 366 0.15 53 7.49 155 150 575
Other Financing Activities, net		 2.06 -8.88 -1.67 0.36 0.61 -26 -1.40 -2.33 3.14 -25 -3.03
Effect of Exchange Rate Changes		 12 -8.15 -5.14 13 -25 - 21 - - -6.09 -0.29

Annual Balance Sheets for Flowserve

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 Revenue		 - - - - - - 203 257 288 284 275
Other Current Liabilities		 - - 0.00 202 257 229 33 33 32 34 36
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

Quarterly Balance Sheets for Flowserve

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 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
Total Assets		 4,876 4,920 4,965 5,150 5,164 5,275 5,483 5,683 5,830 5,733 6,320
Total Current Assets		 2,542 2,579 2,639 2,767 2,816 2,870 2,865 3,004 3,165 3,055 3,119
Cash & Equivalents		 405 423 480 532 515 612 541 629 834 792 731
Accounts Receivable		 904 888 869 914 1,032 971 1,044 1,050 1,050 959 1,057
Inventories, net		 882 914 916 883 851 862 842 865 848 810 833
Prepaid Expenses		 119 127 128 150 130 125 127 121 89 136 159
Other Current Assets		 232 228 245 287 288 299 312 339 344 357 340
Plant, Property, & Equipment, net		 496 500 492 499 492 502 542 558 558 559 595
Total Noncurrent Assets		 1,837 1,841 1,834 1,884 1,857 1,902 2,076 2,120 2,108 2,119 2,606
Goodwill		 1,174 1,177 1,164 1,173 1,171 1,189 1,303 1,338 1,343 1,381 1,745
Intangible Assets		 128 125 123 119 117 118 185 182 178 194 345
Noncurrent Deferred & Refundable Income Taxes		 152 159 171 215 215 216 220 224 185 156 160
Other Noncurrent Operating Assets		 383 379 376 376 354 379 368 376 402 387 355
Total Liabilities & Shareholders' Equity		 4,876 4,920 4,965 5,150 5,164 5,275 5,483 5,683 5,830 5,733 6,320
Total Liabilities		 2,996 2,998 3,052 3,154 3,148 3,169 3,354 3,404 3,506 3,453 3,993
Total Current Liabilities		 1,322 1,292 1,307 1,474 1,406 1,440 1,382 1,430 1,505 1,378 1,449
Short-Term Debt		 53 56 61 66 66 67 44 45 46 53 13
Accounts Payable		 489 493 481 550 557 573 538 573 601 520 543
Accrued Expenses		 455 442 462 547 458 472 482 495 543 500 562
Current Deferred Revenue		 292 270 271 279 293 294 285 283 280 - 294
Other Current Liabilities		 33 32 32 32 32 34 34 33 35 305 37
Total Noncurrent Liabilities		 1,674 1,706 1,745 1,680 1,742 1,729 1,972 1,973 2,001 2,075 2,544
Long-Term Debt		 1,209 1,245 1,266 1,152 1,212 1,173 1,451 1,441 1,436 1,662 2,122
Asset Retirement Reserve & Litigation Obligation		 315 314 340 382 385 398 370 384 411 273 276
Other Noncurrent Operating Liabilities		 151 146 139 145 145 158 151 149 154 140 146
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		 1,880 1,922 1,913 1,996 2,016 2,106 2,129 2,279 2,324 2,280 2,327
Total Preferred & Common Equity		 1,846 1,884 1,874 1,954 1,970 2,054 2,080 2,223 2,264 2,212 2,260
Preferred Stock		 - - - - - - 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 1,846 1,884 1,874 1,954 1,970 2,054 2,080 2,223 2,264 2,212 2,260
Common Stock		 713 716 722 705 711 718 704 711 717 708 716
Retained Earnings		 3,774 3,799 3,818 3,901 3,946 3,976 4,072 4,126 4,318 4,315 4,386
Treasury Stock		 -2,017 -2,015 -2,015 -1,992 -2,004 -2,008 -2,010 -2,036 -2,181 -2,219 -2,242
Accumulated Other Comprehensive Income / (Loss)		 -632 -624 -660 -666 -690 -639 -694 -583 -597 -598 -607
Other Equity Adjustments		 6.85 7.82 7.88 6.77 7.98 8.08 8.11 6.41 6.53 6.68 7.02
Noncontrolling Interest		 33 38 39 42 46 51 49 56 60 68 68

Annual Metrics And Ratios for Flowserve

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%

Quarterly Metrics And Ratios for Flowserve

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

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - 127,260,329.00 127,807,021.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 127,260,329.00 127,807,021.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 0.64 0.77
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 12.15% 10.93% 7.08% 3.50% 1.30% 5.25% 2.70% 3.65% 3.55% -6.66% -1.59%
EBITDA Growth		 9.41% 89.08% 21.95% 53.55% 36.62% 3.92% 6.39% 204.37% -68.26% 8.24% 12.46%
EBIT Growth		 13.41% 128.22% 27.37% 72.02% 43.40% 2.16% 4.78% 244.90% -80.83% 10.29% 14.60%
NOPAT Growth		 -49.18% 80.45% 32.62% -10.76% -4.68% 19.99% 34.67% -29.83% -237.01% -11.00% 4.10%
Net Income Growth		 -46.03% 159.75% 38.62% 20.45% 23.82% 1.98% 15.40% 253.37% -126.03% 8.70% 15.14%
EPS Growth		 -48.39% 180.00% 41.03% 25.71% 22.92% 0.00% 12.73% 279.55% -135.59% 14.29% 24.19%
Operating Cash Flow Growth		 180.15% 134.15% -153.71% 121.02% 1.40% -180.21% 1,305.96% 125.14% -100.09% 13.73% -16.15%
Free Cash Flow Firm Growth		 -32.36% 181.91% 177.13% 308.54% -186.53% -302.98% -304.21% -271.75% -171.98% 92.14% -101.54%
Invested Capital Growth		 -1.27% -1.99% -0.75% -0.98% 8.17% 14.94% 12.81% 8.74% 6.55% 3.86% 19.02%
Revenue Q/Q Growth		 6.44% -6.67% 6.38% -2.06% 4.17% -3.03% 3.80% -1.15% 4.07% -12.59% 9.45%
EBITDA Q/Q Growth		 39.64% 24.41% 2.21% -13.52% 24.25% -5.37% 4.63% 147.41% -87.04% 222.68% 8.71%
EBIT Q/Q Growth		 53.62% 29.17% 3.42% -16.17% 28.06% -7.98% 6.07% 175.93% -92.88% 429.49% 10.21%
NOPAT Q/Q Growth		 15.81% -13.06% 2.91% -13.87% 23.71% 9.44% 15.50% -55.12% -341.52% 171.09% 35.09%
Net Income Q/Q Growth		 28.24% 15.52% -1.88% -17.14% 31.83% -4.85% 11.03% 153.74% -109.71% 497.34% 17.62%
EPS Q/Q Growth		 37.14% 16.67% -1.79% -20.00% 34.09% -5.08% 10.71% 169.35% -112.57% 404.76% 20.31%
Operating Cash Flow Q/Q Growth		 141.01% -68.01% -120.53% 1,496.38% 10.57% -125.30% 408.70% 160.69% -100.04% -24,658.62% 400.01%
Free Cash Flow Firm Q/Q Growth		 368.99% 4.97% -21.47% -5.95% -211.62% -146.22% 21.00% 20.89% -76.75% 92.88% -1,925.13%
Invested Capital Q/Q Growth		 -3.53% 0.75% 3.59% -1.65% 5.38% 7.06% 1.67% -5.19% 3.25% 4.35% 16.51%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 29.14% 31.17% 31.64% 31.51% 31.53% 32.27% 34.22% 32.38% 34.79% 35.56% 32.91%
EBITDA Margin		 9.23% 12.30% 11.82% 10.44% 12.45% 12.15% 12.24% 30.64% 3.82% 14.09% 13.99%
Operating Margin		 9.39% 10.40% 10.49% 9.11% 10.57% 11.52% 12.34% 6.75% 3.45% 11.18% 12.95%
EBIT Margin		 7.46% 10.32% 10.03% 8.58% 10.55% 10.02% 10.23% 28.57% 1.95% 11.84% 11.92%
Profit (Net Income) Margin		 5.79% 7.16% 6.61% 5.59% 7.08% 6.94% 7.43% 19.06% -1.78% 8.08% 8.69%
Tax Burden Percent		 94.41% 79.46% 76.22% 77.17% 79.00% 81.75% 84.95% 70.50% -320.04% 80.34% 85.61%
Interest Burden Percent		 82.24% 87.39% 86.43% 84.39% 84.86% 84.79% 85.42% 94.65% 28.44% 85.03% 85.16%
Effective Tax Rate		 5.59% 20.54% 23.78% 22.83% 21.00% 18.25% 15.05% 29.50% 420.04% 19.66% 14.39%
Return on Invested Capital (ROIC)		 14.30% 13.50% 12.90% 11.62% 13.72% 15.08% 16.47% 7.82% -17.56% 13.30% 14.96%
ROIC Less NNEP Spread (ROIC-NNEP)		 9.59% 11.95% 10.95% 9.41% 11.75% 11.62% 11.98% 34.15% -3.78% 12.27% 12.48%
Return on Net Nonoperating Assets (RNNOA)		 3.82% 4.76% 4.56% 3.46% 4.42% 4.62% 4.52% 9.84% -1.44% 5.23% 6.13%
Return on Equity (ROE)		 18.12% 18.26% 17.47% 15.08% 18.15% 19.70% 20.98% 17.65% -19.00% 18.52% 21.09%
Cash Return on Invested Capital (CROIC)		 12.69% 14.67% 13.84% 14.17% 5.16% -0.79% 1.81% 4.49% 3.12% 4.88% -9.27%
Operating Return on Assets (OROA)		 6.51% 9.11% 8.96% 7.62% 9.07% 8.69% 8.77% 24.12% 1.65% 9.82% 9.20%
Return on Assets (ROA)		 5.05% 6.33% 5.90% 4.96% 6.08% 6.03% 6.36% 16.09% -1.50% 6.71% 6.71%
Return on Common Equity (ROCE)		 17.78% 17.91% 17.10% 14.74% 17.77% 19.26% 20.48% 17.21% -18.53% 18.03% 20.52%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 12.95% 13.93% 13.88% 0.00% 14.56% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 103 90 92 80 99 108 125 56 -135 96 130
NOPAT Margin		 8.87% 8.26% 7.99% 7.03% 8.35% 9.42% 10.48% 4.76% -11.04% 8.98% 11.09%
Net Nonoperating Expense Percent (NNEP)		 4.70% 1.55% 1.95% 2.21% 1.98% 3.46% 4.48% -26.33% -13.78% 1.02% 2.48%
Return On Investment Capital (ROIC_SIMPLE)		 3.22% - - - 2.77% 2.97% 3.31% 1.47% -3.52% 2.40% 2.90%
Cost of Revenue to Revenue		 70.86% 68.83% 68.36% 68.49% 68.47% 67.73% 65.78% 67.62% 65.21% 64.44% 67.09%
SG&A Expenses to Revenue		 20.15% 21.00% 20.63% 22.86% 21.35% 21.25% 22.38% 25.98% 20.28% 24.66% 22.78%
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		 19.75% 20.77% 21.16% 22.41% 20.96% 20.75% 21.88% 25.63% 31.34% 24.38% 19.95%
Earnings before Interest and Taxes (EBIT)		 87 112 116 97 125 115 122 335 24 126 139
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 108 134 137 118 147 139 145 360 47 150 164
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.75 3.05 3.21 3.31 3.76 3.09 3.08 3.07 4.02 4.23 4.19
Price to Tangible Book Value (P/TBV)		 8.42 9.02 9.28 9.08 14.18 10.87 9.74 9.35 14.68 14.70 55.92
Price to Revenue (P/Rev)		 1.23 1.35 1.41 1.49 1.66 1.39 1.47 1.48 1.86 2.01 2.05
Price to Earnings (P/E)		 28.48 25.48 24.77 25.35 26.73 22.78 23.47 15.35 25.47 26.42 25.53
Dividend Yield		 1.97% 1.78% 1.70% 1.61% 1.46% 1.72% 1.60% 1.58% 1.21% 1.16% 1.16%
Earnings Yield		 3.51% 3.92% 4.04% 3.94% 3.74% 4.39% 4.26% 6.52% 3.93% 3.78% 3.92%
Enterprise Value to Invested Capital (EV/IC)		 2.27 2.50 2.57 2.73 2.93 2.41 2.47 2.58 3.16 3.23 2.93
Enterprise Value to Revenue (EV/Rev)		 1.40 1.51 1.59 1.64 1.85 1.61 1.67 1.63 2.05 2.22 2.36
Enterprise Value to EBITDA (EV/EBITDA)		 16.46 15.56 15.69 15.05 15.74 13.75 14.11 9.68 14.03 14.73 15.20
Enterprise Value to EBIT (EV/EBIT)		 21.31 19.31 19.22 18.11 18.73 16.44 16.93 11.00 16.28 17.03 17.52
Enterprise Value to NOPAT (EV/NOPAT)		 19.77 19.52 19.56 20.62 23.38 19.68 18.94 20.86 34.45 37.97 39.39
Enterprise Value to Operating Cash Flow (EV/OCF)		 18.56 18.53 21.98 17.68 19.82 23.76 16.16 10.89 19.17 20.18 22.45
Enterprise Value to Free Cash Flow (EV/FCFF)		 17.78 16.84 18.50 19.19 58.92 0.00 144.86 59.80 104.57 67.41 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.62 0.61 0.63 0.59 0.73 0.70 0.65 0.64 0.70 0.75 0.92
Long-Term Debt to Equity		 0.59 0.58 0.60 0.56 0.71 0.68 0.63 0.62 0.68 0.73 0.91
Financial Leverage		 0.40 0.40 0.42 0.37 0.38 0.40 0.38 0.29 0.38 0.43 0.49
Leverage Ratio		 2.58 2.59 2.56 2.55 2.63 2.58 2.53 2.51 2.60 2.54 2.61
Compound Leverage Factor		 2.12 2.26 2.21 2.15 2.24 2.19 2.16 2.37 0.74 2.16 2.22
Debt to Total Capital		 38.45% 37.91% 38.79% 37.06% 42.30% 41.26% 39.46% 38.93% 41.13% 42.93% 47.85%
Short-Term Debt to Total Capital		 2.06% 2.07% 2.02% 2.00% 1.24% 1.22% 1.19% 1.22% 1.30% 1.33% 0.29%
Long-Term Debt to Total Capital		 36.38% 35.84% 36.78% 35.06% 41.06% 40.04% 38.27% 37.72% 39.83% 41.60% 47.56%
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% 1.31% 1.40% 1.53% 1.24% 1.37% 1.49% 1.58% 1.64% 1.70% 1.52%
Common Equity to Total Capital		 60.34% 60.78% 59.80% 61.41% 56.46% 57.38% 59.05% 59.48% 57.23% 55.37% 50.63%
Debt to EBITDA		 3.36 2.83 2.81 2.50 2.81 2.76 2.70 1.87 2.28 2.44 2.96
Net Debt to EBITDA		 1.87 1.60 1.68 1.27 1.55 1.76 1.56 0.82 1.18 1.31 1.95
Long-Term Debt to EBITDA		 3.18 2.68 2.66 2.36 2.73 2.68 2.62 1.81 2.21 2.37 2.95
Debt to NOPAT		 4.03 3.55 3.50 3.42 4.17 3.96 3.63 4.04 5.60 6.29 7.68
Net Debt to NOPAT		 2.25 2.00 2.09 1.73 2.30 2.53 2.09 1.77 2.90 3.39 5.05
Long-Term Debt to NOPAT		 3.82 3.36 3.32 3.24 4.05 3.84 3.52 3.91 5.42 6.10 7.64
Altman Z-Score		 3.27 3.43 3.55 3.59 3.56 3.43 3.44 3.56 3.74 3.91 3.52
Noncontrolling Interest Sharing Ratio		 1.89% 1.95% 2.13% 2.25% 2.06% 2.22% 2.38% 2.52% 2.48% 2.66% 2.69%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.88 1.88 2.00 1.99 1.98 2.07 2.10 2.10 2.03 2.22 2.15
Quick Ratio		 0.99 0.98 1.10 1.10 1.13 1.15 1.17 1.25 1.19 1.27 1.23
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 138 144 113 107 -119 -293 -232 -183 -324 -23 -467
Operating Cash Flow to CapEx		 982.25% 457.44% -87.08% 747.42% 684.05% -425.40% 928.48% 2,364.63% -1.17% -600.00% 771.07%
Free Cash Flow to Firm to Interest Expense		 8.15 9.43 6.70 6.43 -5.81 -15.28 -11.43 -9.77 -16.54 -1.13 -18.16
Operating Cash Flow to Interest Expense		 11.53 4.06 -0.76 10.76 9.64 -2.60 7.61 21.45 -0.01 -2.11 5.03
Operating Cash Flow Less CapEx to Interest Expense		 10.35 3.18 -1.62 9.32 8.23 -3.22 6.79 20.54 -0.77 -2.46 4.38
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.87 0.88 0.89 0.89 0.86 0.87 0.86 0.84 0.84 0.83 0.77
Accounts Receivable Turnover		 4.94 4.87 4.69 4.94 4.90 4.71 4.46 4.64 4.72 4.65 4.40
Inventory Turnover		 3.62 3.52 3.56 3.53 3.64 3.65 3.66 3.69 3.87 3.71 3.61
Fixed Asset Turnover		 8.58 8.89 9.08 9.13 8.72 8.86 8.85 8.84 8.55 8.45 8.03
Accounts Payable Turnover		 5.94 5.99 5.99 5.96 5.71 5.79 5.56 5.38 5.73 5.79 5.49
Days Sales Outstanding (DSO)		 73.94 74.96 77.77 73.93 74.42 77.43 81.76 78.69 77.40 78.55 82.96
Days Inventory Outstanding (DIO)		 100.92 103.65 102.55 103.34 100.33 99.93 99.70 98.80 94.34 98.44 101.08
Days Payable Outstanding (DPO)		 61.43 60.95 60.98 61.25 63.87 62.99 65.69 67.80 63.75 63.09 66.52
Cash Conversion Cycle (CCC)		 113.43 117.65 119.35 116.02 110.88 114.37 115.77 109.68 107.99 113.90 117.52
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 2,663 2,683 2,779 2,733 2,880 3,084 3,135 2,973 3,069 3,203 3,732
Invested Capital Turnover		 1.61 1.63 1.61 1.65 1.64 1.60 1.57 1.64 1.59 1.48 1.35
Increase / (Decrease) in Invested Capital		 -34 -55 -21 -27 218 401 356 239 189 119 596
Enterprise Value (EV)		 6,046 6,696 7,142 7,470 8,430 7,439 7,756 7,658 9,697 10,345 10,950
Market Capitalization		 5,319 5,967 6,333 6,791 7,557 6,434 6,844 6,950 8,819 9,355 9,478
Book Value per Share		 $14.76 $14.86 $14.96 $15.64 $15.28 $15.79 $17.01 $17.31 $17.24 $17.38 $17.68
Tangible Book Value per Share		 $4.81 $5.03 $5.18 $5.69 $4.06 $4.49 $5.38 $5.68 $4.73 $5.00 $1.33
Total Capital		 3,209 3,215 3,294 3,345 3,556 3,625 3,765 3,806 3,829 3,995 4,463
Total Debt		 1,234 1,219 1,278 1,240 1,504 1,495 1,486 1,482 1,575 1,715 2,135
Total Long-Term Debt		 1,167 1,152 1,212 1,173 1,460 1,451 1,441 1,436 1,525 1,662 2,122
Net Debt		 688 687 763 628 829 955 856 648 815 923 1,404
Capital Expenditures (CapEx)		 20 14 15 24 29 12 17 17 15 7.18 17
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 786 827 961 885 805 986 989 873 831 938 952
Debt-free Net Working Capital (DFNWC)		 1,331 1,359 1,476 1,496 1,480 1,527 1,619 1,706 1,591 1,730 1,683
Net Working Capital (NWC)		 1,265 1,292 1,409 1,429 1,436 1,483 1,574 1,660 1,541 1,677 1,670
Net Nonoperating Expense (NNE)		 36 12 16 16 15 28 36 -168 -113 9.59 28
Net Nonoperating Obligations (NNO)		 688 687 763 628 829 955 856 648 815 923 1,404
Total Depreciation and Amortization (D&A)		 21 22 21 21 22 24 24 24 23 24 24
Debt-free, Cash-free Net Working Capital to Revenue		 18.19% 18.67% 21.33% 19.47% 17.66% 21.37% 21.29% 18.61% 17.56% 20.15% 20.54%
Debt-free Net Working Capital to Revenue		 30.82% 30.69% 32.77% 32.94% 32.48% 33.08% 34.84% 36.40% 33.64% 37.18% 36.32%
Net Working Capital to Revenue		 29.28% 29.19% 31.29% 31.47% 31.52% 32.13% 33.87% 35.41% 32.58% 36.04% 36.04%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.48 $0.56 $0.55 $0.44 $0.60 $0.56 $0.62 $1.69 ($0.21) $0.64 $0.78
Adjusted Weighted Average Basic Shares Outstanding		 131.12M 131.51M 131.66M 131.40M 131.49M 131.57M 130.85M 130.32M 130.01M 127.49M 127.64M
Adjusted Diluted Earnings per Share		 $0.48 $0.56 $0.55 $0.44 $0.59 $0.56 $0.62 $1.67 ($0.21) $0.64 $0.77
Adjusted Weighted Average Diluted Shares Outstanding		 131.93M 132.37M 132.42M 132.25M 132.36M 132.67M 131.60M 131.24M 130.98M 128.62M 128.36M
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		 131.23M 131.65M 131.37M 131.38M 131.75M 130.73M 130.78M 127.12M 127.26M 127.81M 127.11M
Normalized Net Operating Profit after Tax (NOPAT)		 103 90 92 80 99 108 125 56 30 96 130
Normalized NOPAT Margin		 8.87% 8.26% 7.99% 7.03% 8.35% 9.42% 10.48% 4.76% 2.42% 8.98% 11.09%
Pre Tax Income Margin		 6.13% 9.02% 8.67% 7.24% 8.96% 8.49% 8.74% 27.04% 0.56% 10.06% 10.15%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 5.14 7.33 6.86 5.86 6.08 5.98 6.00 17.90 1.22 6.19 5.42
NOPAT to Interest Expense		 6.12 5.87 5.47 4.80 4.81 5.62 6.15 2.98 -6.90 4.70 5.04
EBIT Less CapEx to Interest Expense		 3.97 6.44 5.99 4.42 4.67 5.37 5.18 17.00 0.46 5.84 4.77
NOPAT Less CapEx to Interest Expense		 4.95 4.98 4.60 3.36 3.40 5.01 5.33 2.08 -7.66 4.35 4.39
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 51.15% 42.03% 39.26% 38.26% 36.66% 36.46% 35.10% 23.21% 29.65% 28.87% 28.01%
Augmented Payout Ratio		 51.15% 43.04% 45.15% 45.29% 43.33% 49.22% 53.12% 64.87% 98.57% 90.92% 86.22%

Financials Breakdown Chart

Key Financial Trends

Flowserve (NYSE:FLS) showed stronger operating performance in Q2 2026, although the quarter also highlighted increased leverage and acquisition-related cash demands. Revenue rose to $1.17 billion from $1.19 billion in Q2 2025? Actually revenue decreased from $1.188 billion to $1.169 billion, or about 1.6%. Despite the lower sales base, operating income increased to $151.4 million from $146.6 million, and the operating margin improved to approximately 12.9% from 12.3%.

Profitability improved meaningfully. Net income attributable to common shareholders increased to $99.0 million, compared with $81.8 million in Q2 2025, while diluted earnings per share rose to $0.77 from $0.62. Gross margin also expanded to approximately 32.9% from 34.2%? Based on the supplied figures, gross margin was 32.9% in Q2 2026 versus 34.2% in Q2 2025, indicating that the improvement in operating income was driven more by operating expense management and other operating factors than by gross-margin expansion.

Cash generation was mixed. Operating cash flow was a healthy $129.2 million in Q2 2026, but this was below the $154.1 million generated in Q2 2025 because working-capital changes consumed cash. Flowserve also reported $536.5 million of investing cash outflow, far above its typical quarterly capital spending, while debt issuance of $574.7 million helped finance the quarter’s activity. Investors should monitor whether the higher debt load produces sufficient earnings and cash flow to support future deleveraging.

  • Improved earnings: Q2 2026 net income attributable to common shareholders rose approximately 21% year over year to $99.0 million, and diluted EPS increased to $0.77 from $0.62.
  • Operating income remained resilient: Operating income increased to $151.4 million despite revenue declining approximately 1.6% year over year.
  • Longer-term revenue growth: Quarterly revenue has generally advanced from $872.9 million in Q3 2022 to $1.17 billion in Q2 2026, although recent growth has moderated.
  • Higher cash balance than a year ago: Cash and equivalents stood at $731.0 million at Q2 2026, up from $629.2 million at Q2 2025, providing a meaningful liquidity cushion.
  • Positive operating cash flow in Q2: Flowserve generated $129.2 million from operations, reversing the negative operating cash flow reported in Q1 2026.
  • Working-capital volatility: Changes in operating assets and liabilities consumed $3.3 million in Q2 2026, compared with a $50.2 million source of cash in Q2 2025. Accounts receivable also increased to $1.06 billion from $958.9 million at the end of Q1 2026.
  • Capital allocation continues: Flowserve paid $28.1 million in dividends and repurchased $25.0 million of stock in Q2 2026. The dividend per share has remained near $0.20-$0.22 across the reported periods.
  • Debt increased substantially: Short-term and long-term debt totaled approximately $2.14 billion at Q2 2026, up from roughly $1.49 billion at Q2 2025.
  • Large investing cash outflow: Investing activities used $536.5 million in Q2 2026, compared with only $16.2 million in Q2 2025. The unusually large outflow warrants scrutiny regarding the acquired or invested assets and their expected returns.
  • Cash declined during the quarter: Cash fell from $792.4 million at Q1 2026 to $731.0 million at Q2 2026, despite $574.7 million of new debt issuance. This suggests that financing was needed to support substantial investment and other cash uses.
09/01/26 08:54 AM 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. Check out Flowserve's forecast to explore projected trends and price targets.

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%.


Related Companies

Financial statements for NYSE:FLS last updated on 7/29/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
From Our Partners
ALERT: Drop these 5 stocks before the market opens tomorrow!
The Wall Street Journal is already raising the alarm about a potential market crash, and Weiss Ratings researc...
Weiss Ratings | Sponsoredtc pixel
Louis Navellier: My #1 AI stock for 2026 (name & ticker inside)
Louis Navellier's Stock Grader system helped him flag Nvidia before its 82,000% run and has identified the top...
InvestorPlace | Sponsoredtc pixel
Ready to give options a try? Your first trade (Ticker included) -INSIDE
Tired of trying tactic after tactic when it comes to options trades... only to be met with market noise and st...
Base Camp Trading | Sponsoredtc pixel
Trump Takes Emergency Action - Plus Elon Musk's New Venture
Elon Musk has quietly launched a new venture - one that has nothing to do with rockets, EVs, or Neuralink. Tru...
Altimetry | Sponsoredtc pixel
Buy this stock today
Marc Chaikin, founder of Chaikin Analytics, is sharing a strategy he calls 'Sell This, Buy That' - a way to mo...
Chaikin Analytics | Sponsoredtc pixel
Iran War Shock: What I Was Told In That Private Meeting
You’re Being LIED To About The Iran War Forget EVERYTHING you’ve heard about the Iran war. Especially th...
Banyan Hill Publishing | Sponsoredtc pixel
My top 3 AI picks for the next decade
Alexander Green bought Apple in 1996, recommended Nvidia at a split-adjusted 66 cents in 2004, and picked up A...
The Oxford Club | Sponsoredtc pixel
The $15 Gold Fund That Pays Up to $1,152/Month
Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying...
Investors Alley | Sponsoredtc pixel