FLS
Flowserve Corporation
FLS's fundamentals are weak and it looks expensive: trading at 42x earnings, above its usual 26x. Analysts expect strong earnings growth.
FLS Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Stable | |
| Under pressure | |
| Stable |
FLS's profitability and balance sheet are currently stable, but its revenue and cash flow are under pressure.
FLS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 19x | $83.66 | — |
| Cheap | 21x | $42.69 | -49% |
| Fair | 26x | $53.03 | -37% |
| Expensive | 39x | $78.13 | -6.6% |
| Current | 42x | $83.66 | — |
Historical ranges are pointers, not guarantees.
FLS's PE is in its expensive range at 42x. If earnings grow as analysts expect, today's price would be 19x next year's earnings, in its cheap range.
FLS Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for FLS, with profitability improving.
FLS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.51 | +124% |
| Q3 2026 | $2.01 | -42% |
| Q2 2026 | $2.87 | +30% |
| Q1 2026 | $2.72 | +27% |
| Q4 2025 | $2.64 | +23% |
| Q3 2025 | $3.44 | +69% |
| Q2 2025 | $2.21 | +14% |
| Q1 2025 | $2.14 | +20% |
| Q4 2024 | $2.14 | +51% |
FLS's earnings per share have fallen from their peak: $2.01 over the past year, against $3.44 in late 2025.
FLS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.2B | +5.4% |
| Q2 2026 | $1.2B | -1.6% |
| Q1 2026 | $1.1B | -6.7% |
| Q3 2025 | $1.2B | +3.6% |
| Q2 2025 | $1.2B | +2.7% |
| Q1 2025 | $1.1B | +5.2% |
| Q4 2024 | $1.2B | +1.3% |
| Q3 2024 | $1.1B | +3.5% |
FLS's revenue is down over the past year, though its latest quarter was up: $1.2B last quarter, up 5.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 12% | +5.7 points |
| Q2 2026 | 13% | +0.6 points |
| Q1 2026 | 11% | -0.3 points |
| Q3 2025 | 6.8% | -2.4 points |
| Q2 2025 | 12% | +1.8 points |
| Q1 2025 | 12% | +1.1 points |
| Q4 2024 | 11% | +1.2 points |
| Q3 2024 | 9.1% | +2.7 points |
FLS's operating margin was 12% last quarter, about level with the same quarter a year ago, near the top of its range since 2019.
FLS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $126.9M | -67% |
| Q2 2026 | $112.3M | -18% |
| Q1 2026 | -$60M | +$1.7M |
| Q4 2025 | -$25.6M | -115% |
| Q3 2025 | $384.7M | +149% |
| Q2 2025 | $137.5M | +$165M |
| Q1 2025 | -$61.7M | -227% |
| Q4 2024 | $168.5M | -3.6% |
FLS still generates free cash flow, though less than at its 2025 peak: $154M over the past year.
FLS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.3% | -396K shares |
| 1 year | -2.5% | -3.3M shares |
| 3 years | -3.1% | -4.1M shares |
| 5 years | -2.2% | -2.8M shares |
| Available history | -2.9% | -3.8M shares |
FLS has 128M diluted shares, down 2.5% from a year ago, with $132M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $50M |
| Q2 2026 | $25M |
| Q1 2026 | — |
| Q4 2025 | $56.9M |
| Q3 2025 | $145.1M |
| Q2 2025 | $31.7M |
| Q1 2025 | $21.1M |
| Q4 2024 | — |
FLS spent $132M buying back its own shares over the past year, down 33% from the year before.
FLS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.3x | Moderate |
| Q2 2026 | 2.9x | Moderate |
| Q1 2026 | 1.9x | Healthy |
| Q4 2025 | 1.6x | Healthy |
| Q3 2025 | 1.1x | Healthy |
| Q2 2025 | 1.4x | Healthy |
| Q1 2025 | 1.7x | Healthy |
| Q4 2024 | 1.5x | Healthy |
FLS's net debt is about 2.3 years of its operating earnings (EBITDA), up from 1.1 years a year ago.
FLS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 60.7 | Neutral |
| Stochastic | 80.9 | Overbought |
FLS's weekly RSI is 61 (neutral) and its Stochastic is 81 (overbought).
FLS PE vs Industrials Sector
| Metric | FLS | Sector median | Relative |
|---|---|---|---|
| PE | 42x | 24x | 73% above |
| PE % | 88 | 58 | 30 pts above |
FLS is trading at 42x earnings, a 73% premium to the Industrials sector's median of 24x.
FLS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $75.3 | 11% above |
| 20 week MA | $75.4 | 11% above |
| 50 week MA | $76.1 | 10% above |
| 100 week MA | $65.2 | 28% above |
| 200 week MA | $53.9 | 55% above |
FLS is in an uptrend: it's above all five of its weekly moving averages, and 55% above its 200-week average.
FLS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $49.7 | $36.7 | -26% |
| 2021 | $36.7 | $30.2 | -18% |
| 2022 | $30.2 | $30.1 | -0.5% |
| 2023 | $30.1 | $41.2 | +37% |
| 2024 | $41.2 | $57.8 | +40% |
| 2025 | $57.8 | $71.0 | +23% |
| 2026 YTD | $71.0 | $83.7 | +18% |
FLS has finished lower in three of the last six years. It's up 18% so far in 2026.