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Complete financial analysis of Flowserve Corporation (FLS) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Flowserve Corporation, a leading company in the Industrial – Machinery industry within the Industrials sector.
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Flowserve Corporation (FLS)
About Flowserve Corporation
Flowserve Corporation designs, develops, manufactures, distributes, and services industrial flow management equipment in the United States, Europe, the Middle East, Africa, Asia, and internationally. It operates in two segments, Flowserve Pump Division (FPD) and Flow Control Division (FCD). The FPD segment offers custom and pre-configured pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, upgrades, and related aftermarket services, including installation and commissioning services, seal systems spare parts, repairs, advanced diagnostics, re-rate and upgrade solutions, retrofit programs, and machining and asset management solutions, as well as manufactures a gas-lubricated mechanical seal for use in high-speed compressors for gas pipelines. The FCD segment provides engineered and industrial valve and automation solutions, including isolation and control valves, actuation, controls, and related equipment, as well as equipment maintenance services for flow control systems, including advanced diagnostics, repair, installation, commissioning, retrofit programs, and field machining capabilities. This segment's products are used to control, direct, and manage the flow of liquids, gases, and fluids. The company primarily serves oil and gas, chemical and pharmaceuticals, power generation, and water management markets, as well as general industries, including mining and ore processing, pulp and paper, food and beverage, and other smaller applications. The company distributes its products through direct sales, distributors, and sales representatives. Flowserve Corporation was incorporated in 1912 and is headquartered in Irving, Texas.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4.32B | 3.62B | 3.54B | 3.73B | 3.94B | 3.83B | 3.66B | 3.99B | 4.56B | 4.88B | 4.95B | 4.75B | 4.51B | 4.03B | 4.37B | 4.47B | 3.76B | 3.06B | 2.70B | 2.64B | 2.40B | 2.25B | 1.92B | 1.54B | 1.06B | 1.08B | 1.15B | 605.45M | 532.73M | 345.39M | 313.90M | 300.40M | 296.50M | 296.80M | 281.00M | 230.90M | 182.10M | 144.30M | 146.00M |
| Cost of Revenue | 3.02B | 2.62B | 2.49B | 2.61B | 2.65B | 2.64B | 2.58B | 2.76B | 3.07B | 3.16B | 3.27B | 3.17B | 3.00B | 2.62B | 2.82B | 2.89B | 2.51B | 2.05B | 1.83B | 1.86B | 1.68B | 1.57B | 1.30B | 974.34M | 658.30M | 628.50M | 664.30M | 361.35M | 317.31M | 217.25M | 184.00M | 177.10M | 174.10M | 173.40M | 168.80M | 134.30M | 110.70M | 93.30M | 91.40M |
| Gross Profit | 1.30B | 994.30M | 1.05B | 1.12B | 1.30B | 1.19B | 1.09B | 1.23B | 1.49B | 1.71B | 1.69B | 1.58B | 1.51B | 1.41B | 1.55B | 1.58B | 1.25B | 1.01B | 861.83M | 778.82M | 722.42M | 685.53M | 614.55M | 563.95M | 403.00M | 454.60M | 487.90M | 244.10M | 215.42M | 128.14M | 129.90M | 123.30M | 122.40M | 123.40M | 112.20M | 96.60M | 71.40M | 51.00M | 54.60M |
| Gross Profit Ratio | 30.04% | 27.50% | 29.64% | 29.96% | 32.84% | 30.99% | 29.65% | 30.85% | 32.61% | 35.15% | 34.07% | 33.27% | 33.56% | 34.96% | 35.46% | 35.33% | 33.16% | 32.91% | 31.98% | 29.52% | 30.05% | 30.45% | 32.05% | 36.66% | 37.97% | 41.97% | 42.35% | 40.32% | 40.44% | 37.10% | 41.38% | 41.05% | 41.28% | 41.58% | 39.93% | 41.84% | 39.21% | 35.34% | 37.40% |
| Research & Development | 48.70M | 39.90M | 34.20M | 36.10M | 42.00M | 39.60M | 38.60M | 42.80M | 45.90M | 40.90M | 37.80M | 38.90M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 24.80M | 25.60M | 26.40M | 26.90M | 15.48M | 14.97M | 9.61M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 943.71M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 961.17M | 815.55M | 797.08M | 878.25M | 899.81M | 943.71M | 903.86M | 965.32M | 971.61M | 936.90M | 966.83M | 922.13M | 914.08M | 844.99M | 934.45M | 984.40M | 856.50M | 782.50M | 671.74M | 623.04M | 539.78M | 476.92M | 410.56M | 335.51M | 275.90M | 265.60M | 285.90M | 147.22M | 137.35M | 85.35M | 88.10M | 81.40M | 78.40M | 74.10M | 67.50M | 57.50M | 48.80M | 39.00M | 37.00M |
| Other Expenses | -45.58M | -559.00K | -36.14M | -10.25M | -17.62M | -19.57M | -16.11M | 3.30M | -40.17M | 2.00M | -14.28M | -21.65M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 964.29M | 815.55M | 797.08M | 878.25M | 899.81M | 943.71M | 903.86M | 965.32M | 971.61M | 936.90M | 966.83M | 922.13M | 894.97M | 844.99M | 934.45M | 984.40M | 837.81M | 767.68M | 671.74M | 623.04M | 559.55M | 493.10M | 410.56M | 417.34M | 341.10M | 331.30M | 351.80M | 169.25M | 152.15M | 96.86M | 99.90M | 93.20M | 88.30M | 83.00M | 75.10M | 65.20M | 56.10M | 44.90M | 42.90M |
| Cost & Expenses | 3.99B | 3.44B | 3.29B | 3.49B | 3.55B | 3.59B | 3.48B | 3.73B | 4.05B | 4.10B | 4.23B | 4.09B | 3.89B | 3.47B | 3.75B | 3.88B | 3.35B | 2.82B | 2.51B | 2.48B | 2.24B | 2.06B | 1.71B | 1.39B | 999.40M | 959.80M | 1.02B | 530.60M | 469.45M | 314.10M | 283.90M | 270.30M | 262.40M | 256.40M | 243.90M | 199.50M | 166.80M | 138.20M | 134.30M |
| Interest Income | 6.99M | 3.96M | 2.76M | 4.18M | 8.41M | 6.47M | 3.43M | 2.80M | 2.07M | 1.68M | 1.43M | 954.00K | 1.58M | 1.58M | 3.25M | 8.39M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 66.92M | 46.25M | 57.62M | 57.39M | 54.98M | 58.16M | 59.73M | 60.14M | 65.27M | 60.32M | 54.41M | 43.52M | 36.18M | 34.30M | 40.01M | 51.29M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 83.75M | 90.95M | 99.82M | 100.75M | 105.90M | 112.47M | 118.45M | 116.75M | 127.09M | 110.28M | 106.39M | 107.23M | 104.82M | 101.29M | 95.45M | 81.44M | 79.46M | 72.71M | 73.48M | 78.21M | 77.59M | 70.46M | 80.59M | 57.04M | 39.60M | 39.30M | 39.00M | 20.09M | 19.09M | 14.02M | -11.80M | -11.80M | -9.90M | -8.90M | -7.60M | 7.70M | 7.30M | 5.90M | 5.90M |
| EBITDA | 374.42M | 291.58M | 385.19M | 351.06M | 501.12M | 372.46M | 325.97M | 389.80M | 631.89M | 870.15M | 838.36M | 762.31M | 728.76M | 665.87M | 720.05M | 721.13M | 409.92M | 239.62M | 272.31M | 244.28M | 248.64M | 254.52M | 209.75M | 203.64M | 101.50M | 162.60M | 175.10M | 100.72M | 82.37M | 45.30M | 41.50M | 41.90M | 44.00M | 49.30M | 45.50M | 41.60M | 23.00M | 12.70M | 17.50M |
| EBITDA Ratio | 8.67% | 8.07% | 9.47% | 9.25% | 12.71% | 9.25% | 8.19% | 10.03% | 13.47% | 18.53% | 17.23% | 16.04% | 16.08% | 16.56% | 16.32% | 15.71% | 12.85% | 10.02% | 11.12% | 9.52% | 11.19% | 12.73% | 17.99% | 16.69% | 12.21% | 18.43% | 18.06% | 16.63% | 16.41% | 13.12% | 13.22% | 16.15% | 14.84% | 17.79% | 16.19% | 18.02% | 12.63% | 8.80% | 11.99% |
| Operating Income | 333.55M | 197.22M | 270.76M | 250.28M | 406.04M | 247.54M | 335.42M | 277.46M | 525.57M | 789.83M | 760.28M | 675.78M | 618.68M | 581.35M | 629.52M | 612.87M | 409.92M | 239.62M | 190.09M | 155.78M | 159.99M | 188.08M | 142.15M | 146.61M | 61.90M | 123.30M | 136.10M | 69.07M | 58.23M | 31.28M | 53.30M | 60.30M | 53.90M | 61.70M | 53.10M | 33.90M | 15.70M | 6.80M | 11.60M |
| Operating Income Ratio | 7.72% | 5.46% | 7.65% | 6.71% | 10.29% | 6.46% | 9.16% | 6.95% | 11.52% | 16.19% | 15.34% | 14.22% | 13.72% | 14.42% | 14.42% | 13.70% | 10.89% | 7.83% | 7.05% | 5.90% | 6.65% | 8.35% | 7.41% | 9.53% | 5.83% | 11.38% | 11.81% | 11.41% | 10.93% | 9.06% | 16.98% | 20.07% | 18.18% | 20.79% | 18.90% | 14.68% | 8.62% | 4.71% | 7.95% |
| Total Other Income/Expenses | -109.80M | -42.84M | -137.17M | -47.99M | -64.19M | -51.43M | -78.13M | -63.77M | -102.30M | -56.64M | -67.26M | -64.21M | -30.92M | -51.08M | -44.73M | -22.74M | -49.85M | -52.34M | -106.82M | -84.93M | -79.72M | -107.41M | -153.23M | -123.42M | -43.60M | -50.10M | -46.30M | -4.87M | -8.11M | -4.35M | -3.60M | -9.50M | -22.80M | -7.00M | -4.80M | -6.70M | -4.30M | -2.40M | -1.70M |
| Income Before Tax | 223.75M | 154.38M | 133.59M | 186.81M | 341.85M | 176.27M | 263.01M | 223.42M | 422.20M | 733.19M | 693.02M | 611.57M | 587.76M | 530.28M | 584.79M | 590.13M | 360.07M | 187.28M | -83.27M | 59.62M | 73.84M | 92.07M | 25.63M | 23.18M | 18.30M | 73.20M | 89.80M | 64.15M | 50.12M | 26.94M | 26.40M | 20.60M | 31.10M | 33.40M | 32.30M | 24.70M | 11.00M | 3.70M | 10.00M |
| Income Before Tax Ratio | 5.18% | 4.27% | 3.77% | 5.01% | 8.67% | 4.60% | 7.18% | 5.60% | 9.26% | 15.03% | 13.99% | 12.87% | 13.03% | 13.15% | 13.40% | 13.19% | 9.57% | 6.12% | -3.09% | 2.26% | 3.07% | 4.09% | 1.34% | 1.51% | 1.72% | 6.76% | 7.79% | 10.60% | 9.41% | 7.80% | 8.41% | 6.86% | 10.49% | 11.25% | 11.49% | 10.70% | 6.04% | 2.56% | 6.85% |
| Income Tax Expense | 18.56M | -43.64M | -2.59M | 60.03M | 80.07M | 51.22M | 258.68M | 75.29M | 148.92M | 208.31M | 204.70M | 160.77M | 158.52M | 141.60M | 156.46M | 147.72M | 104.29M | 73.24M | 37.09M | 39.47M | 20.95M | 31.67M | 9.28M | 7.88M | 6.10M | 25.50M | 38.20M | 20.90M | 19.45M | 9.78M | 9.90M | 7.40M | 11.50M | 12.50M | 12.60M | 9.70M | 4.80M | 1.70M | 4.10M |
| Net Income | 186.74M | 188.69M | 125.95M | 130.42M | 253.67M | 119.67M | 2.65M | 145.06M | 267.67M | 518.82M | 485.53M | 448.34M | 428.58M | 388.29M | 427.89M | 442.41M | 255.77M | 115.03M | 11.84M | 24.20M | 98.31M | 53.03M | -1.50M | 13.24M | 12.20M | 48.90M | 51.60M | 43.25M | 30.67M | 17.16M | 16.10M | -7.90M | 19.60M | 20.90M | 19.70M | 15.00M | 6.20M | 2.00M | 5.90M |
| Net Income Ratio | 4.32% | 5.22% | 3.56% | 3.50% | 6.43% | 3.12% | 0.07% | 3.63% | 5.87% | 10.64% | 9.80% | 9.44% | 9.50% | 9.63% | 9.80% | 9.89% | 6.80% | 3.76% | 0.44% | 0.92% | 4.09% | 2.36% | -0.08% | 0.86% | 1.15% | 4.51% | 4.48% | 7.14% | 5.76% | 4.97% | 5.13% | -2.63% | 6.61% | 7.04% | 7.01% | 6.50% | 3.40% | 1.39% | 4.04% |
| EPS | 1.42 | 1.44 | 0.97 | 1.00 | 1.82 | 0.91 | 0.02 | 1.02 | 1.94 | 3.75 | 3.43 | 2.86 | 2.57 | 2.32 | 2.55 | 2.61 | 1.51 | 0.69 | 0.10 | 0.16 | 0.27 | 0.16 | -0.01 | 0.12 | 0.11 | 0.41 | 0.42 | 0.59 | 0.41 | 0.30 | 0.19 | -0.14 | 0.23 | 0.25 | 0.23 | 0.13 | 0.06 | 0.02 | 0.06 |
| EPS Diluted | 1.42 | 1.44 | 0.96 | 1.00 | 1.81 | 0.91 | 0.02 | 1.01 | 1.93 | 3.72 | 3.41 | 2.84 | 2.55 | 2.29 | 2.53 | 2.58 | 1.49 | 0.67 | 0.10 | 0.16 | 0.27 | 0.16 | -0.01 | 0.12 | 0.11 | 0.41 | 0.42 | 0.59 | 0.41 | 0.30 | 0.19 | -0.14 | 0.23 | 0.25 | 0.23 | 0.13 | 0.06 | 0.02 | 0.06 |
| Weighted Avg Shares Out | 131.51M | 130.63M | 130.31M | 130.40M | 131.03M | 130.82M | 130.57M | 130.43M | 133.07M | 136.91M | 141.60M | 156.85M | 166.63M | 167.29M | 167.52M | 169.80M | 169.39M | 167.52M | 165.23M | 165.21M | 165.41M | 152.36M | 113.74M | 113.53M | 113.57M | 119.69M | 122.69M | 73.39M | 74.21M | 57.44M | 56.83M | 56.66M | 56.46M | 55.98M | 55.87M | 53.25M | 47.24M | 46.92M | 46.91M |
| Weighted Avg Shares Out (Dil) | 131.93M | 131.32M | 130.86M | 131.05M | 131.72M | 131.27M | 131.18M | 130.98M | 133.81M | 137.84M | 142.43M | 157.97M | 168.31M | 169.25M | 169.09M | 171.54M | 172.05M | 170.84M | 170.74M | 166.95M | 165.41M | 152.36M | 115.40M | 113.53M | 113.57M | 121.46M | 122.77M | 73.39M | 74.21M | 57.44M | 56.83M | 56.66M | 56.46M | 55.98M | 55.87M | 53.25M | 47.24M | 46.92M | 46.91M |
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Flowserve: More Room To Run Despite The Stock's Recent Rally
I expect the MOGAS acquisition and the strong revenue and profitability growth to sustain Flowserve's momentum, despite cash flow concerns. Free cash flow dropped by 480% in Q2, but management projects 80%+ cash flow conversion by year-end. Net debt declined...
Flowserve Announces Dates for Third Quarter 2024 Financial Results
DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today that it plans to release its third quarter 2024 results after the close of the New York Stock Exchange (NYSE)...
Flowserve Acquires MOGAS Industries & Enhances Product Portfolio
FLS' acquisition of MOGAS is set to strengthen its product offerings and boost its position in the mining, mineral extraction and process industries.
Flowserve (FLS) Earnings Expected to Grow: Should You Buy?
Flowserve (FLS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Flowserve Completes Acquisition of MOGAS Industries
DALLAS--(BUSINESS WIRE)--Flowserve Corporation (“Flowserve”) (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced that it has completed the acquisition of MOGAS Industries (“MOGAS”). This transaction helps strengthen Flowserve's presence in mission-critical...
Flowserve Corporation (FLS) Hits Fresh High: Is There Still Room to Run?
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