Flowserve Corporation (FLS) Stock

Flowserve Corporation (FLS) is a Industrials stock trading at $78.10 (as of 2026-08-20), with a market capitalization of $9.93B and a trailing P/E of 26.7. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Flowserve Corporation designs, develops, manufactures, distributes, and services industrial flow management equipment, including pumps, mechanical seals, valves, automation-related equipment, and aftermarket services such as installation, commissioning, repair, and diagnostics. It operates through the Pump Division and Flow Control Division, serving customers in the Americas, Europe, the Middle East, Africa, and Asia.

Understand Flowserve Corporation: how it makes money

Flowserve designs, manufactures, sells, and services industrial flow management equipment, including pumps and pump systems, mechanical seals, and related aftermarket services such as repairs, upgrades, installation, and commissioning, with revenue coming from both new equipment orders and aftermarket activity.

Profit depends on converting a large pipeline of commitments into future work, supported by recurring aftermarket services, as indicated by the sizable Remaining Performance Obligations (USD_B 2.95) alongside activities tied to aftermarket awards and service offerings.

Revenue by segment (latest quarter)
FPD$0.7B
FCD$0.3B

Business quality (Mixed): Flowserve’s operating picture shows meaningful backlog, and FPD order demand is slightly above 1 based on FPD Book-to-Bill, but the company is also showing OEM-related revenue decline and weakness in Europe.

Valuation: At 30× earnings, FLS trades 11% below the Machinery average (34×). Note: one-time items can distort reported P/E.

Bull case

  • Backlog provides visibility into future revenue: Remaining Performance Obligations are USD_B 2.95 (USD), indicating work committed to be delivered in future periods.
  • Demand signals in FPD are slightly positive: FPD Book-to-Bill Ratio is 1.02 (ratio), suggesting new bookings are slightly ahead of billings for the Pump Division.
  • Aftermarket and digital footprint support ongoing service activity: Aftermarket Awards are USD_B 0.53 (USD), and Flowserve’s Red Raven Technology footprint includes 5,000 Red Raven Connected Assets and 40 Red Raven Customers (counts).

Bear case

  • Original equipment revenue pressure: Original Equipment Revenue Decline is 2.0 percent, which can weigh on growth if replacement and new-build demand softens.
  • Geographic weakness in Europe: Revenue Decline in Europe is 7.0 percent, indicating headwinds in that region.
  • Some end-market signals look small in the near term: LNG Awards are USD_B 0.03 (USD), which implies limited LNG contribution based on the provided metric.
Valuation — source: SEC EDGAR (first-party)
Price$78.10
Market Cap$9.93B
P/E Ratio26.7
EV / EBITDA23.2
Price / Book4.27
FCF Yield4.1%
DCF Value (model)$16.74
DCF Upside vs Price-78.6%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$0.00
Revenue Growth (YoY)-100.0%
EPS Growth (YoY)284.1%
FCF Growth (YoY)148.8%
Financial Health — source: SEC EDGAR
Altman Z-Score3.33 (safe)
Valuation vs Sector & Industry
Stock P/E26.7
Sector P/E (Industrials)25.9
Industry P/E (Machinery)32.3
vs Sector3.3%
vs Industry-17.2%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($968.34M)
Institutional Holders Tracked10
Company
SectorIndustrials
IndustryMachinery
CEORobert Scott Rowe
Employees16,000
CountryUS
IPO Date1980-03-17

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FLS earnings history · FLS institutional & insider holders · FLS KPIs & operating metrics · FLS financials · FLS investor presentations & press releases · FLS SEC filings · FLS peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.