FLS
Flowserve Corporation

Flowserve CorporationFLS

Industrials · Specialty Industrial Machinery
80.37USD
+2.99%
Nov 09, 2026
FLS overview ready
Supplier of Nuclear-Qualified Pumps and Flow-Control Systems
Flowserve is a diversified industrial flow-management supplier with a credible nuclear-power franchise, but it is not a nuclear pure play: nuclear demand sits alongside broader power, energy, chemical, water, and general-industrial end markets.
Primary theme is improving
Water Infrastructure is improving (+15.7pp vs SPY over 21 sessions; 8 of 9 members ahead of SPY).
An early price trend
Longer-term context reads established trend, with a near-term setup of daily reclaim.
Demanding valuation
The price embeds expectations that run ahead of the cash the business currently produces.
Unremarkable fundamentals
Primary risk
Cyclicality in capital spending across end markets.
Market Nov 6Filing Sep 30Price action Nov 8Research Jul 29

Conviction Level

PriceAction10.0BusinessPerformance5.0BusinessQuality7.3Valuation3.0ThemeMomentum7.0Mixed — Revenue growth has accelerated across 3 consecutive quarters, rising from -6.7% to +5.4% year over year. Diluted EPS fell 52% year over year to $0.81. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
vs SPY
+15.7pp
Theme return
+10.7%
Beating SPY
8 of 9
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

An early price trend
Longer-term context reads established trend, with a near-term setup of daily reclaim.
EntryReset + recovery

The stock remains extended from its long-term weekly base, but the recent reset toward the daily SMA200 aligned with support at the weekly EMA21. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$10.2B
Avg Volume (60D)
1.7M
60 sessions
Revenue Growth YoY
+3.8%
FY2025 vs FY2024
Gross Margin
+34.2%
Trailing twelve months
Operating Margin
+10.0%
Trailing twelve months
Free Cash Flow Yield
+1.5%
Distance from 200DMA
+5.6%
P/E
40.0x
EV / EBITDA
20.0x
EV / Sales
2.4x
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026

Business Performance

Mixed

Revenue growth has accelerated across 3 consecutive quarters, rising from -6.7% to +5.4% year over year. Diluted EPS fell 52% year over year to $0.81.

Latest reported: Q3 FY2026, ended Sep 30
Revenue growthAccelerating
+5.4%
$1.24B in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. +3.5%
  2. -6.7%
  3. -1.6%
  4. +5.4%
Earnings growthDeclining
-52%
Diluted EPS $0.81 vs $1.67 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. n/a
  2. +14%
  3. +24%
  4. -52%
Operating marginExpanding
12.5%
+5.7 pp YoY · gross margin 33.5% (+1.1 pp)

Business Quality

7.3 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

Two of the three valuation perspectives say expensive; own history is the dissenting view.
Flowserve Corporation has an Expensive valuation stance because the price embeds expectations that run ahead of the cash the business currently produces.

Company Research

Thesis
Flowserve is a diversified industrial flow-management supplier with a credible nuclear-power franchise, but it is not a nuclear pure play: nuclear demand sits alongside broader power, energy, chemical, water, and general-industrial end markets. The story is still emerging, so the exposure is real but early.
Opportunity
High opportunity
New-reactor construction, advanced-reactor demonstration, plant restarts, uprates, and life-extension work require qualified safety-critical fluid-handling equipment and long-duration aftermarket service.
Key risk
Cyclicality in capital spending across end markets.

Economic classification

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Business & Markets

Industrials · Specialty Industrial Machinery
What they do

Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment globally through two segments: Flowserve Pumps Division and Flow Control Division.

How it earns

Primarily transactional revenue from sales of engineered pumps, mechanical seals, and related aftermarket services.

Products & services
Custom engineered pumps
Pre-configured industrial pumps
Pump systems
Mechanical seals
Auxiliary systems
Replacement parts
Aftermarket services
Customers & end markets
Power generation including nuclear
Energy production and process markets
Chemical industry
Water industry
General industrial markets
Market position

Diversified industrial flow-management supplier with a credible nuclear-power franchise but not a nuclear pure play.

Demand drivers
Medium cyclicality

Business is influenced by capital investment cycles in energy, chemical, and industrial sectors.