Demand and volumemixed · 4 filings
“The decrease in customer bookings was driven by customer original equipment bookings.”10-Q · Apr 29, 2026 ↗
Flowserve Corporation
FLS
Market read
Flowserve Corporation's current read is isolated; its market group is not confirming.
The latest filing evidence is available. 0 of 12 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.
What changed
- Revenue decreased 6.7% versus the comparable filing period.
Company-0.9% todayVolume comparison unavailable
Market group0 of 12 activeSpecialty Industrial Machinery · unavailable
Disclosed network0 of 1 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- Customer bookings changed by region: +$110.0M North America, +$27.8M Latin America, +$16.6M Middle East, +$11.5M Asia Pacific; partially offset by -$21.1M Europe, -$11.1M Africa.
Invalidation: The isolated read changes if FLS's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing evidence is available. 0 of 12 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
- Revenue decreased 6.7% versus the comparable filing period.
- Operating cash flow covered only -0.53x net income.
What would clarify the read
- Customer bookings changed by region: +$110.0M North America, +$27.8M Latin America, +$16.6M Middle East, +$11.5M Asia Pacific; partially offset by -$21.1M Europe, -$11.1M Africa.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations327
Usable filing statements141
Verified relationships1
Evidence supporting the case
- Net margin changed +1.1 percentage points in the latest annual period.
- Credit and interest rates has repeated favorable evidence across 3 filings.
- Foreign exchange has repeated favorable evidence across 3 filings.
Evidence challenging the case
- Operating margin changed -1.7 percentage points in the latest annual period.
- Demand and volume has repeated adverse evidence across 4 filings.
Questions before a position
- P/E is 42% above the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 25% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 10, 2026
72.856m-7.5%12m+31.9%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$3.5B-5.0%$0.96-0.1%
2022-12-31$3.6B+2.1%$1.44+0.4%
2023-12-31$4.3B+19.5%$1.42+0.5%
2024-12-31$4.6B+5.5%$2.14+0.3%
2025-12-31$4.7B+3.8%$2.64-1.0%
What management says matters
Persistent and emerging business drivers
Credit and interest ratespositive · 3 filings
“Cash inflows in the three months ended March 31, 2026 resulted primarily from the $150.0 million of proceeds from our Revolving Credit Facility, partially offset by cash outflows of $26.7 million for dividend payments, $22.6 million in payments related to tax…”10-Q · Apr 29, 2026 ↗
Foreign exchangepositive · 3 filings
“The net change was primarily due to the foreign currency exchange rate movements in the Euro, British pound and Indian Rupee during the three months ended March 31, 2026, as compared to the same period in 2025.”10-Q · Apr 29, 2026 ↗
Legal and regulatory exposurepositive · 2 filings
“The transaction is expected to close mid-year 2026 subject to the satisfaction of customary closing conditions and regulatory approvals.”10-Q · Apr 29, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 2.0× · EV/sales 2.2×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
74.46-0.9% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 10:00 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for FLS. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
The latest filing shows material pressure
10-Q filed 2026-04-29 against the comparable filing from 2025-04-29.
OperationscautiousEvidence score -2
liquiditycautiousEvidence score -1
valuationmixed
What improved
No thresholded improvement was identified.
What weakened
- Revenue decreased 6.7% versus the comparable filing period.
- Operating cash flow covered only -0.53x net income.
Filing receipts
“Interest Expense and Interest Income Three Months Ended March 31, (Amounts in millions) 2026 2025 Interest expense $ (20.4) $ (19.2) Interest income 1.5 1.7 Interest expense for the three months ended March 31, 2026 increased by $1.3 million, as compared to the same period in 2025, primarily due to higher outstanding debt during the period.”
“The decrease in SG&A was primarily due to decreased charges of $4.9 million related to our realignment activities inclusive of a $5.3 million gain from the sale and leaseback of a certain facility, decreased bad debt expense of $2.2 million and lower broad-based annual incentive compensation as compared to the same period in 2025, partially offset by an increase of $6.5 million of acquisition and integration charges related to the Trillium Valves acquisition compared to MOGAS related charges incurred in the 2025 comparative period.”
“Other Income (Expense), Net Three Months Ended March 31, (Amounts in millions) 2026 2025 Other income (expense), net $ 7.0 $ (17.3) Other income (expense), net for the three months ended March 31, 2026 increased $24.3 million as compared with the same period in 2025, primarily due to a $5.6 million gain arising from transactions on foreign exchange forward contracts and a $14.8 million gain from transactions in currencies other than our sites' functional currencies during the first quarter of 2026.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
The relationships behind FLS
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depended on by
BKRBaker Hughes CompanysupplierFeb 5, 2026 ▾
“Under the terms of the agreement, we paid $258 million for the termination fee and the reimbursement of certain expenses on behalf of Chart to Flowserve Corporation ("Flowserve"), as a result of the termination of the merger agreement by and among Chart, Flow…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
FLS is currently a Follower in the organic co-movement group Specialty Industrial Machinery. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.