Upside case
Bull case
$114+40.0%
FLS would need investors to value it at roughly 28x earnings — about 8x more generous than today's 20x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewHoldUpdated Jun 18, 2026
Flowserve Corporation (FLS) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Hold
Covering
31
analysts
14 bullish · 1 bearish · 31 covering FLS
Strong Buy
0
Buy
14
Hold
16
Sell
1
Strong Sell
0
Consensus Target
$92
+12.6% vs today
Scenario Range
$55 – $114
Model bear to bull value window
Coverage
31
Published analyst ratings
Valuation Context
20.1x
Forward P/E · Market cap $10.4B
FLS price targets
Three scenarios for where FLS stock could go
Current
~$82
Confidence
45 / 100
Updated
Jun 18, 2026
Where we are now
Current · $82
Bear
$55
Base
$87
Bull
$114
Market caseClosest to today
Base case
$87+6.3%
This is close to how the market is already pricing FLS — at roughly 21x forward earnings. No dramatic re-rating needed, just steady execution on the core business.
Stress case
Bear case
$55-33.0%
If investor confidence fades or macro conditions deteriorate, a 7x multiple contraction could push FLS down roughly 33% from where it trades now.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
Flowserve Corporation
FLS · NYSEIndustrialsIndustrial - MachineryDecember year-end
Flowserve is a global manufacturer of industrial flow management equipment — primarily pumps, valves, and seals — that control the movement of liquids and gases in critical infrastructure. It generates revenue through original equipment sales (~60%) and higher-margin aftermarket services (~40%) including maintenance, repairs, and upgrades. The company's competitive moat lies in its installed base of mission-critical equipment in harsh environments — like oil refineries and power plants — where reliability is paramount and switching costs are high.
Market Cap
$10.4B
Revenue TTM
$4.7B
Net Income TTM
$354M
Net Margin
7.6%
FLS Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
83%Exceptional
12 quarters tracked
Revenue Beat Rate
42%Exceptional
vs consensus estimates
Avg EPS Surprise
+13.3%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Last 4 Quarters
EPS beats: 4 of 4Q3 2025
EPS
$0.91/$0.78
Revenue
$1.2B/$1.2B
Q4 2025
EPS
$0.90/$0.80
Revenue
$1.2B/$1.3B
Q1 2026
EPS
$1.11/$0.94
Revenue
$1.2B/$1.3B
Q2 2026
EPS
$0.85/$0.82
Revenue
$1.1B/$1.2B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q3 2025 | $0.91/$0.78 | +16.7% | $1.2B/$1.2B | -2.6% |
| Q4 2025 | $0.90/$0.80 | +12.5% | $1.2B/$1.3B | -7.0% |
| Q1 2026 | $1.11/$0.94 | +18.1% | $1.2B/$1.3B | -3.2% |
| Q2 2026 | $0.85/$0.82 | +3.7% | $1.1B/$1.2B | -8.5% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$4.9B
+6.3% YoY
FY2
$5.2B
+6.0% YoY
EPS Outlook
FY1
$2.87
+4.2% YoY
FY2
$2.94
+2.3% YoY
Trailing FCF (TTM)$437M
FCF Margin: 9.4%
Next Earnings
August 4, 2026
Expected EPS
$0.90
Expected Revenue
$1.2B
FLS beat EPS estimates in 4 of 4 tracked quarters. A perfect track record raises the bar for the upcoming report.
FLS Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2025
Total disclosed revenue $4.7B
Product Mix
Latest annual revenue by segment or product family
Aftermarket Equipment
53.1%
+7.3% YoY
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
North America
42.2%
+8.4% YoY
Tap, hover, or focus a slice to inspect segment detail.
Aftermarket Equipment is the largest disclosed segment at 53.1% of FY 2025 revenue, up 7.3% YoY.
North America is the largest reported region at 42.2%, up 8.4% YoY.
FLS Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Slightly cheap versus peers
Fair value est. $88 — implies +7.4% from today's price.
Upside to Fair Value
7.4%
potential upside
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
FLS
30.9x
vs
S&P 500
24.4x
+27% premium
vs Industrials Trailing P/E
FLS
30.9x
vs
Industrials
25.6x
+21% premium
vs FLS 5Y Avg P/E
Today
30.9x
vs
5Y Average
27.1x
+14% premium
Forward PE
20.1x
S&P 500
18.8x
+7%
Industrials
21.2x
-5%
5Y Avg
—
—
Trailing PE
30.9x
S&P 500
24.4x
+27%
Industrials
25.6x
+21%
5Y Avg
27.1x
+14%
PEG Ratio
1.44x
S&P 500
1.66x
-13%
Industrials
1.65x
-12%
5Y Avg
—
—
EV/EBITDA
16.3x
S&P 500
15.2x
+7%
Industrials
13.9x
+18%
5Y Avg
14.4x
+13%
Price/FCF
24.0x
S&P 500
20.7x
+16%
Industrials
20.0x
+20%
5Y Avg
21.1x
+14%
Price/Sales
2.2x
S&P 500
3.1x
-29%
Industrials
1.6x
+41%
5Y Avg
1.4x
+56%
Dividend Yield
1.02%
S&P 500
1.91%
-46%
Industrials
1.21%
-16%
5Y Avg
1.96%
-48%
| Metric | FLS | S&P 500 | Industrials | 5Y Avg FLS |
|---|---|---|---|---|
| Forward PE | 20.1x | 18.8x | 21.2x | — |
| Trailing PE | 30.9x | 24.4x+27% | 25.6x+21% | 27.1x+14% |
| PEG Ratio | 1.44x | 1.66x-13% | 1.65x-12% | — |
| EV/EBITDA | 16.3x | 15.2x | 13.9x+18% | 14.4x+13% |
| Price/FCF | 24.0x | 20.7x+16% | 20.0x+20% | 21.1x+14% |
| Price/Sales | 2.2x | 3.1x-29% | 1.6x+41% | 1.4x+56% |
| Dividend Yield | 1.02% | 1.91% | 1.21% | 1.96% |
FLS trades above S&P 500 benchmarks on 2 of 6 measured multiples — is elevated on some multiples, but competitive on others — a mixed valuation picture.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolFLS Financial Health
Verdict
Strong
FLS generates $437M in free cash flow at a 9.4% margin — 14.2% ROIC signals a durable competitive advantage · returns 3.5% of market cap to shareholders annually.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$4.7B
Revenue Growth
TTM vs prior year
+0.8%
Gross Margin
Gross profit as a share of revenue
35.5%
Operating Margin
Operating income divided by revenue
12.6%
Net Margin
Net income divided by revenue
7.6%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$2.75
Free Cash Flow (TTM)
Cash generation after capex
$437M
FCF Margin
FCF as share of revenue — the primary cash quality signal
9.4%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
14.2%
ROA
Return on assets, trailing twelve months
6.2%
Cash & Equivalents
Liquid assets on the balance sheet
$760M
Net Debt
Total debt minus cash
$1.1B
Debt Serviceability
Net debt as a multiple of annual free cash flow
2.6× FCF
~2.6 years to full repayment at current FCF run-rate
ROE
Return on equity, trailing twelve months
15.5%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
3.5%
Dividend
1.0%
Buyback
2.4%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$255M
Dividend / Share
Annualized trailing dividend per share
$0.84
Payout Ratio
Share of earnings distributed as dividends
31.7%
Shares Outstanding
Declining as buybacks retire shares
128M
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt).
Open full ratios pageFLS Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated June 18, 2026
Medium
Revenue growth uncertainty
Revenue growth projections are modest at 5.5%, indicating potential challenges in expanding market share or demand.
High Risk
Valuation de-rating risk
The stock trades below consensus price targets, suggesting market skepticism or overestimation of upside potential.
Lower
Market cyclicality exposure
Flowserve's reliance on engineering and construction firms exposes it to cyclical demand fluctuations.
Medium
Margin pressure
EPS and margin forecasts indicate potential cost inflation or competitive pricing pressures.
High Risk
Macroeconomic sensitivity
Global operations in energy and water sectors make the company vulnerable to geopolitical and economic downturns.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why FLS Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated June 18, 2026
Comprehensive flow control solutions
Flowserve offers the world’s most comprehensive portfolio of flow control solutions, including pumps, valves, seals, and instrumentation systems, catering to diverse industrial needs.
Strong aftermarket services
Flowserve provides robust aftermarket services, supporting global applications in energy, water, and other industries, enhancing customer loyalty and recurring revenue streams.
Earnings growth potential
Despite a sales decline, Flowserve reported rising net income and EPS, indicating operational efficiency and potential for future earnings growth.
Energy transition projects
Flowserve is well-positioned to benefit from energy transition projects, which could drive long-term growth as industries shift towards sustainable solutions.
Global market leadership
As one of the world’s largest manufacturers of pumps, valves, and seals, Flowserve maintains a strong competitive position across 50 countries with over 16,000 employees.
Analyst bullish sentiment
Analysts have highlighted Flowserve’s potential, with bullish forecasts and price targets suggesting confidence in the company’s future performance.
Product reliability and innovation
Flowserve’s products are engineered for abrasive duty, process stability, and short maintenance windows, ensuring high reliability and customer satisfaction.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
FLS Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$81.70
52W Range Position
77%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$45.11
+81.1% from the low
52-Week High
$92.41
-11.6% from the high
1 Month
+23.92%
3 Month
+9.92%
YTD
+15.5%
1 Year
+76.0%
3Y CAGR
+31.2%
5Y CAGR
+15.3%
10Y CAGR
+4.9%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
FLS vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
20.1x
vs 22.7x median
-11% below peer median
Revenue Growth
+6.3%
vs +5.1% median
+23% above peer median
Net Margin
7.6%
vs 14.4% median
-47% below peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
FLS FLS Flowserve Corporation | $10.4B | 20.1x | +6.3% | 7.6% | Hold | +12.6% |
IR IR Ingersoll Rand Inc. | $30.5B | 22.2x | +7.1% | 7.5% | Buy | +20.2% |
IEX IEX IDEX Corporation | $16.7B | 26.5x | +5.1% | 14.4% | Hold | +8.8% |
PNR PNR Pentair plc | $12.0B | 13.9x | +2.6% | 16.0% | Hold | +44.6% |
GGG GGG Graco Inc. | $12.6B | 24.3x | +5.1% | 23.0% | Hold | +25.8% |
FEL FELE Franklin Electric Co., Inc. | $4.6B | 22.7x | +5.5% | 6.9% | Hold | -4.0% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
FLS Dividend and Capital Return
FLS returns capital mainly through $255M/year in buybacks (2.4% buyback yield), with a modest 1.02% dividend — combining for 3.5% total shareholder yield.
Dividend SustainableFCF Well Covered
Total Shareholder Yield
3.5%
Dividend + buyback return per year
Buyback Yield
2.4%
Dividend Yield
1.02%
Payout Ratio
31.7%
How FLS Splits Its Return
Div 1.02%
Buyback 2.4%
Dividend 1.02%Buybacks 2.4%
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$0.84
Growth Streak
Consecutive years of dividend increases
0Y
3Y Div CAGR
1.6%
5Y Div CAGR
1.0%
Ex-Dividend Date
—
Payment Cadence
Semi-Annual
5 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$255M
Estimated Shares Retired
3M
Approx. Share Reduction
2.4%
Shares Outstanding
Current diluted share count from the screening snapshot
128M
At 2.4%/year, buybacks mechanically lift EPS even with flat earnings — each remaining share represents a slightly larger piece of the company.
| Year | Div / Share | YoY Grw | BB Yield | Total Yield |
|---|---|---|---|---|
| 2026 | $0.44 | — | — | — |
| 2025 | $0.84 | 0.0% | 2.8% | 4.0% |
| 2024 | $0.84 | +5.0% | 0.3% | 1.7% |
| 2023 | $0.80 | 0.0% | 0.0% | 1.9% |
| 2022 | $0.80 | 0.0% | 0.0% | 2.6% |
FAQ
7 questionsFLS Investor Questions
Common questions answered from live analyst data and company financials.
01Is Flowserve Corporation (FLS) stock a buy or sell in 2026?
Flowserve Corporation (FLS) is rated Hold by Wall Street analysts as of 2026. Of 31 analysts covering the stock, 14 rate it Buy or Strong Buy, 16 rate it Hold, and 1 rate it Sell or Strong Sell. The consensus 12-month price target is $92, implying +12.6% from the current price of $82. The bear case scenario is $55 and the bull case is $114.
02What is the FLS stock price target for 2026?
The Wall Street consensus price target for FLS is $92 based on 31 analyst estimates. The high-end target is $98 (+20.0% from today), and the low-end target is $83 (+1.6%). The base case model target is $87.
03Is Flowserve Corporation (FLS) stock overvalued in 2026?
FLS trades at 20.1x times forward earnings. The stock trades at a notable premium to the broad market, which is typical for businesses with strong free cash flow and above-average growth expectations. Based on current multiples versus the peer group, the relative model signals slightly cheap versus peers. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for Flowserve Corporation (FLS) stock in 2026?
The primary risks for FLS in 2026 are: (1) Valuation de-rating risk — The stock trades below consensus price targets, suggesting market skepticism or overestimation of upside potential. (2) Macroeconomic sensitivity — Global operations in energy and water sectors make the company vulnerable to geopolitical and economic downturns. (3) Revenue growth uncertainty — Revenue growth projections are modest at 5. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is Flowserve Corporation's revenue and earnings forecast?
Analyst consensus estimates FLS will report consensus revenue of $4.9B (+6.3% year-over-year) and EPS of $2.87 (+4.2% year-over-year) for the upcoming fiscal year. The following year, analysts project $5.2B in revenue.
06When does Flowserve Corporation (FLS) report its next earnings?
Flowserve Corporation is expected to report its next earnings on approximately 2026-08-04. Consensus expects EPS of $0.90 and revenue of $1.2B. Over recent quarters, FLS has beaten EPS estimates 83% of the time.
07How much free cash flow does Flowserve Corporation generate?
Flowserve Corporation (FLS) generated $437M in free cash flow over the trailing twelve months — a free cash flow margin of 9.4%. FLS returns capital to shareholders through dividends (1.0% yield) and share repurchases ($255M TTM).