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Flowserve

FLS on NYSE. Flowserve makes and sells pumps, valves and seals to industrial companies. Market value $9.4bn.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

What to watch out for

See Industrials stocks that passed both tests

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
past 12 months to June 2026
4.4%fair

For every $100 of what the whole company costs, it produced $4.36 of spare cash in the past 12 months. A savings account pays about $4.

Price to profit
past 12 months to June 2026
27.7×full

You pay 27.7 years of operating profit for the business. The average large US company costs around 18.

Return on capital
five annual reports to December 2025
10.0%five-year median

Each dollar kept in the business earns 10 cents a year. Above 10 is good.

Quality score: 69 of 100. Price score: 50 of 100. Our list needs 70 on quality and 60 on price.

$74.30 a share, 53% above its 1-year low

Over the past year the price has ranged from $48.71 to $92.41.

Dividend: 1.2% a year

Paid every year for at least 5 years

Prices from Monday’s close (5 October).

Five years of cash, in billions

0.2
-0.1
0.3
0.3
0.4
0.4
2021202220232024202512 monthsto Jun '26
Revenue
$0$0$0$0$0
Operating margin
n/an/an/an/an/a
Debt to equity
0.720.700.640.750.72
Shares outstanding
0.13bn0.13bn0.13bn0.13bn0.13bn

Health checks

  • Free cash flow positive4 of 5 years
  • Accounting looks honest (Beneish)Not enough data
  • Financial strength (Piotroski)5 of 7 checks we could run
  • Profit backed by cash (accruals)Yes
  • Debt0.72× equity
  • Revenue growth, five yearsUnknown
  • Buying back its own sharesYes, 3% fewer since 2021

The quarter to June 2026

How the business did, compared with the same quarter a year earlier.

  • Profit: $99 million, up 21% on a year ago.
  • Spare cash over the past 12 months: $411 million, up from $399 million.
  • 2% fewer shares than a year ago. Each share owns a bit more of the company.
  • Debt is $1.4 billion more than cash, up from $856 million a year ago.
  • Sales did not grow on a year ago in any of the last 4 quarters.
Profit by quarter
Profit by quarter
Quarter toAmount
September 2024$58m
December 2024$78m
March 2025$74m
June 2025$82m
September 2025$220m
December 2025-$29m
March 2026$82m
June 2026$99m

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
n/a
Last annual report (10-K)
17 February 2026
Next quarterly (estimated, 10-Q)
28 October 2026

Who owns it

6 long-term investors we follow own it, up from 5 last quarter. 589 funds in all.

Jun '25
Dec '25
Jun '26
Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

3 investors own more than 5%.

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

In the last 12 months, 2 insiders bought $231,615 of shares on the open market. 6 sold $20m.

  • McMurray Michael C.
    Director
    Bought
    Date
    18 May 2026
    Shares
    2,500
    Price
    $65.71
    Value
    $164,275
  • Savoy Brian D
    Director
    Bought
    Date
    14 May 2026
    Shares
    1,000
    Price
    $67.34
    Value
    $67,340
  • McMurray Michael C.
    Director
    Sold
    Date
    17 February 2026
    Shares
    7,663
    Price
    $89.96
    Value
    $689,363
  • SIEGEL KENNETH I
    Director
    Sold
    Date
    17 February 2026
    Shares
    3,229
    Price
    $89.50
    Value
    $288,996
  • Rowe Robert Scott
    President & CEO, Director
    Sold
    Date
    2 December 2025
    Shares
    212,683
    Price
    $70.48
    Value
    $15m
  • Duhon Lamar L.
    President, FPD
    Sold
    Date
    11 November 2025
    Shares
    1,609
    Price
    $69.51
    Value
    $111,842
  • Schwetz Amy B
    Chief Financial Officer
    Sold
    Date
    4 November 2025
    Shares
    47,000
    Price
    $71.02
    Value
    $3m
  • Hudson Susan Claire
    Chief Legal Officer
    Sold
    Date
    4 November 2025
    Shares
    10,667
    Price
    $70.01
    Value
    $746,797

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

None of the warning signs we check for were found.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 17 Feb 2026, plus the 10-Q filed 29 Jul 2026 and 12 later 8-Ks.

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

  • It isn't cheap on profits: 27.7× operating profit.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.