Flowserve Corp (FLS) financial statements: income statement, balance sheet and cash flow
Flowserve Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Flowserve Corp reported revenue of $4.7B (+3.8% year on year) and net income of $346.2M (+22.5% year on year).
Income statement
Flowserve Corp income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Sales
$4.7B
$4.6B
$4.3B
$3.6B
Cost of sales
($3.1B)
($3.1B)
($3.0B)
($2.6B)
Gross profit
$1.6B
$1.4B
$1.3B
$994.3M
Selling, general and administrative expense
($1.1B)
($978.0M)
($961.2M)
($815.5M)
Loss on sale of business
($140.1M)
($13.0M)
$0
$0
Net earnings from affiliates
$20.7M
$19.1M
$17.9M
$18.5M
Operating income
$399.9M
$462.3M
$333.6M
$197.2M
Interest expense
($77.7M)
($69.3M)
($66.9M)
($46.2M)
Interest income
$7.6M
$5.4M
$7.0M
$4.0M
Other income (expense), net
$195.7M
($12.2M)
($49.9M)
($559.0K)
Earnings before income taxes
$525.4M
$386.2M
$223.8M
$154.4M
Provision for income taxes
($155.6M)
($84.9M)
($18.6M)
$43.6M
Net earnings, including noncontrolling interests
$369.8M
$301.2M
$205.2M
$198.0M
Less: net earnings attributable to noncontrolling interests
($23.6M)
($18.5M)
($18.4M)
($9.3M)
Net earnings attributable to Flowserve Corporation
$346.2M
$282.8M
$186.7M
$188.7M
Basic (in dollars per share)
$2.66
$2.15
$1.42
$1.44
Diluted (in dollars per share)
$2.64
$2.14
$1.42
$1.44
Weighted average shares - basic (in shares)
130.0M
131.5M
131.1M
130.6M
Weighted average shares - diluted (in shares)
131.0M
132.4M
131.9M
131.3M
Flowserve Corp income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Sales
$1.2B
$1.1B
$1.2B
$1.2B
Cost of sales
($784.4M)
($688.4M)
($794.1M)
($781.5M)
Gross profit
$384.7M
$379.8M
$380.3M
$406.6M
Selling, general and administrative expense
($266.3M)
($263.4M)
($305.2M)
($265.9M)
Net earnings from affiliates
$33.0M
$3.0M
$4.1M
$5.9M
Operating income
$151.4M
$119.4M
$79.3M
$146.6M
Interest expense
($25.7M)
($20.4M)
($18.7M)
($20.3M)
Interest income
$5.0M
$1.5M
$792.0K
$2.5M
Other expense, net
($12.1M)
$7.0M
$256.2M
($25.0M)
Earnings before income taxes
$118.7M
$107.5M
$317.5M
$103.9M
Provision for income taxes
($17.1M)
($21.1M)
($93.7M)
($15.6M)
Net earnings, including noncontrolling interests
$101.6M
$86.4M
$223.9M
$88.2M
Less: net earnings attributable to noncontrolling interests
($2.6M)
($4.7M)
($4.3M)
($6.5M)
Net earnings attributable to Flowserve Corporation
$99.0M
$81.7M
$219.6M
$81.8M
Basic (in dollars per share)
$0.78
$0.64
$1.69
$0.62
Diluted (in dollars per share)
$0.77
$0.64
$1.67
$0.62
Weighted average shares - basic (in shares)
127.6M
127.5M
130.3M
130.8M
Weighted average shares - diluted (in shares)
128.4M
128.6M
131.2M
131.6M
Allowance for doubtful accounts
$89.4M
$84.4M
$89.6M
$91.9M
Contract asset, allowance for doubtful accounts
$5.9M
$6.3M
$4.9M
$4.6M
Accumulated depreciation on property, plant and equipment
$1.2B
$1.2B
$1.2M
$1.2M
Other assets, allowance for credit loss
$66.2M
$66.1M
$66.2M
$65.8M
Treasury shares (in shares)
49.5K
49.2K
48.8K
46.2K
Common shares, par value (in dollars per share)
$1.25
$1.25
$1.25
$1.25
Common shares, shares authorized (in shares)
305.0K
305.0K
305.0K
305.0K
Common shares, shares issued (in shares)
176.8K
176.8K
176.8K
176.8K
Balance sheet
Flowserve Corp balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$760.2M
$675.4M
$545.7M
$435.0M
Accounts receivable, net of allowance for expected credit losses of $83,094 and $79,059, respectively
$1.0B
$976.7M
$881.9M
$868.6M
Contract assets, net
$322.5M
$298.9M
$280.2M
$233.5M
Inventories
$789.9M
$837.3M
$879.9M
$803.2M
Prepaid expenses and other
$141.2M
$116.2M
$116.1M
$110.7M
Total current assets
$3.0B
$2.9B
$2.7B
$2.5B
Property, plant and equipment, net
$566.8M
$539.7M
$506.2M
$500.9M
Operating lease right-of-use asset, net
$166.0M
$159.4M
$156.4M
$175.0M
Goodwill
$1.4B
$1.3B
$1.2B
$1.2B
Deferred taxes
$156.3M
$221.7M
$218.4M
$149.3M
Other intangible assets, net
$198.5M
$188.6M
$122.2M
$134.5M
Other assets, net
$185.8M
$200.6M
$219.5M
$211.8M
Total assets
$5.7B
$5.5B
$5.1B
$4.8B
Accounts payable
$554.2M
$545.3M
$547.8M
$476.7M
Accrued liabilities
$587.5M
$561.5M
$504.4M
$427.6M
Contract liabilities
$274.7M
$283.7M
$287.7M
$257.0M
Debt due within one year
$49.9M
$44.1M
$66.2M
$49.3M
Operating lease liabilities
$35.6M
$33.6M
$32.4M
$32.5M
Total current liabilities
$1.5B
$1.5B
$1.4B
$1.2B
Long-term debt due after one year
$1.5B
$1.5B
$1.2B
$1.2B
Operating lease liabilities
$149.6M
$149.8M
$138.7M
$155.2M
Retirement obligations and other liabilities
$277.2M
$371.1M
$389.1M
$309.5M
Preferred shares, $1.00 par value
0
—
—
—
Common shares, $1.25 par value
221.0M
221.0M
221.0M
221.0M
Shares authorized — 305,000
508.9M
502.0M
506.5M
507.5M
Retained earnings
$4.3B
$4.0B
$3.9B
$3.8B
Treasury shares, at cost — 49,763 and 45,688 shares, respectively
-2.2B
-2.0B
-2.0B
-2.0B
Deferred compensation obligation
$6.6M
$8.2M
$7.9M
$7.0M
Accumulated other comprehensive loss
($575.4M)
($741.4M)
($639.6M)
($647.8M)
Total Flowserve Corporation shareholders' equity
$2.2B
$2.0B
$1.9B
$1.8B
Noncontrolling interests
$62.9M
$44.0M
$39.0M
$33.6M
Total equity
$2.3B
$2.1B
$2.0B
$1.9B
Total liabilities and equity
$5.7B
$5.5B
$5.1B
$4.8B
Flowserve Corp balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$731.0M
$792.4M
$833.8M
$629.2M
Accounts receivable, net of allowance for expected credit losses of $89,364 and $83,094, respectively
$1.1B
$959.0M
$1.0B
$1.0B
Contract assets, net of allowance for expected credit losses of $5,871 and $6,028, respectively
$340.2M
$357.5M
$344.4M
$339.4M
Inventories
$832.5M
$809.6M
$847.7M
$864.5M
Prepaid expenses and other
$158.6M
$136.2M
$89.0M
$121.1M
Total current assets
$3.1B
$3.1B
$3.2B
$3.0B
Property, plant, and equipment, net of accumulated depreciation of $1,233,503 and $1,224,912, respectively
$595.4M
$559.2M
$557.7M
$558.3M
Operating lease right-of-use asset, net
$170.7M
$165.2M
$170.1M
$163.2M
Goodwill
$1.7B
$1.4B
$1.3B
$1.3B
Deferred taxes
$160.4M
$156.4M
$185.1M
$224.0M
Other intangible assets, net
$345.2M
$194.4M
$177.5M
$182.5M
Other assets, net of allowance for expected credit losses of $66,209 and $66,047, respectively
$184.5M
$221.8M
$231.7M
$212.7M
Total assets
$6.3B
$5.7B
$5.8B
$5.7B
Accounts payable
$543.3M
$520.4M
$600.9M
$573.4M
Accrued liabilities
$561.7M
$499.6M
$542.7M
$495.4M
Contract liabilities
$293.9M
$269.2M
$279.8M
$283.2M
Debt due within one year
$12.7M
$53.0M
$46.4M
$44.9M
Operating lease liabilities
$37.3M
$35.5M
$35.1M
$33.5M
Total current liabilities
$1.4B
$1.4B
$1.5B
$1.4B
Long-term debt due after one year
$2.1B
$1.7B
$1.4B
$1.4B
Operating lease liabilities
$145.9M
$139.9M
$154.1M
$148.8M
Retirement obligations and other liabilities
$275.6M
$273.4M
$411.3M
$383.7M
Preferred shares, $1.00 par value
0
0
0
0
Common shares, $1.25 par value, Shares authorized - 305,000, Shares issued - 176,793
221.0M
221.0M
221.0M
221.0M
Capital in excess of par value
$494.9M
$486.5M
$496.4M
$489.5M
Retained earnings
$4.4B
$4.3B
$4.3B
$4.1B
Treasury shares, at cost — 49,532 and 49,763 shares, respectively
-2.2B
-2.2B
-2.2B
-2.0B
Deferred compensation obligation
$7.0M
$6.7M
$6.5M
$6.4M
Accumulated other comprehensive loss
($607.3M)
($598.4M)
($597.0M)
($583.2M)
Total Flowserve Corporation shareholders' equity
$2.3B
$2.2B
$2.3B
$2.2B
Noncontrolling interests
$67.8M
$67.9M
$60.2M
$56.0M
Total equity
$2.3B
$2.3B
$2.3B
$2.3B
Total liabilities and equity
$6.3B
$5.7B
$5.8B
$5.7B
Cash flow statement
Flowserve Corp cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net earnings, including noncontrolling interests
$369.8M
$301.2M
$205.2M
$198.0M
Depreciation
$79.2M
$75.8M
$73.5M
$77.6M
Amortization of intangible and other assets
$16.2M
$9.7M
$10.3M
$13.3M
Loss on sale of business
$140.1M
$13.0M
—
—
Contribution to divest asbestos-related assets and liabilities
($199.0M)
—
—
—
Stock-based compensation
$38.3M
$30.5M
$27.8M
$25.5M
Foreign currency, asset write downs and other non-cash adjustments
($15.2M)
$24.2M
($17.3M)
($27.8M)
Accounts receivable, net
$691.0K
($82.2M)
$4.7M
($152.0M)
Inventories
$86.7M
$38.9M
($59.8M)
($147.5M)
Contract assets, net
($13.3M)
($18.5M)
($41.1M)
($41.8M)
Prepaid expenses and other assets, net
($56.5M)
$15.1M
$7.8M
$17.5M
Accounts payable
($28.9M)
($12.3M)
$53.1M
$79.0M
Contract liabilities
($23.5M)
($6.1M)
$26.8M
$61.7M
Accrued liabilities
$25.2M
$49.6M
$59.2M
($5.2M)
Retirement obligations and other liabilities
$38.1M
$1.5M
$38.5M
($1.4M)
Net deferred taxes
$48.0M
($15.1M)
($62.8M)
($136.9M)
Net cash flows provided by operating activities
$505.9M
$425.3M
$325.8M
($40.0M)
Capital expenditures
($70.9M)
($81.0M)
($67.4M)
($76.3M)
Payments for acquisitions, net of cash acquired
($65.9M)
($305.9M)
—
—
Proceeds from disposal of assets
$11.6M
$2.2M
$2.1M
$4.4M
Payments for disposition of business
$0
($2.6M)
—
—
Affiliate investment activity
$96.0K
$40.0K
($3.3M)
($225.0K)
Net cash flows used by investing activities
($125.2M)
($387.2M)
($68.6M)
($6.1M)
Payments on term loan
($37.5M)
($95.4M)
($40.0M)
($32.5M)
Proceeds from term loan
$0
$366.0M
$0
$0
Proceeds under revolving credit facility
$200.0M
$100.0M
$280.0M
$45.0M
Payments under revolving credit facility
($100.0M)
($100.0M)
($280.0M)
($45.0M)
Proceeds under other financing arrangements
$15.3M
$1.4M
$1.1M
$1.7M
Payments under other financing arrangements
($5.9M)
($1.5M)
($2.6M)
($1.8M)
Payments related to tax withholding for stock-based compensation
($11.8M)
($9.6M)
($6.2M)
($4.7M)
Repurchases of common shares
-254.9M
-20.1M
0
0
Payments of dividends
($109.6M)
($110.4M)
($105.0M)
($104.5M)
Contingent consideration payment related to acquired business
($15.0M)
—
—
—
Other
($7.6M)
($13.0M)
($324.0K)
($8.2M)
Net cash flows (used) provided by financing activities
($326.9M)
$117.5M
($153.0M)
($150.0M)
Effect of exchange rate changes on cash and cash equivalents
$30.9M
($25.8M)
$6.5M
($27.4M)
Net change in cash and cash equivalents
$84.7M
$129.8M
$110.7M
($223.5M)
Cash and cash equivalents at beginning of year
$675.4M
$545.7M
$435.0M
$658.5M
Cash and cash equivalents at end of year
$760.2M
$675.4M
$545.7M
$435.0M
Income taxes paid (net of refunds)
$92.3M
$81.2M
$119.3M
$60.1M
Interest paid
$75.5M
$66.8M
$64.9M
$41.6M
Contingent liabilities incurred related to acquired business, but not paid
$674.0K
$15.0M
—
—
Flowserve Corp cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net earnings, including noncontrolling interests
$188.0M
$86.4M
$391.5M
$167.7M
Depreciation
$40.4M
$20.3M
$58.7M
$38.7M
Amortization of intangible and other assets
$7.9M
$3.7M
$14.0M
$9.6M
(Gain) on remeasurement of previously held equity interest
($27.7M)
—
—
—
Stock-based compensation
$20.6M
$10.7M
$25.8M
$18.8M
Foreign currency, asset write downs and other non-cash adjustments
($17.3M)
($14.5M)
($3.3M)
($6.2M)
Accounts receivable, net
$6.9M
$63.5M
($26.1M)
($22.6M)
Inventories
($4.3M)
($24.6M)
$26.7M
$14.2M
Contract assets, net
($11.2M)
($38.5M)
($35.2M)
($28.9M)
Prepaid expenses and other assets, net
$18.0M
($8.9M)
($7.4M)
$13.6M
Accounts payable
($52.3M)
($32.4M)
$31.2M
($10.4M)
Contract liabilities
($10.4M)
($3.7M)
($17.9M)
($15.3M)
Accrued liabilities
($80.8M)
($110.1M)
($30.5M)
($84.5M)
Retirement obligations and other liabilities
$9.8M
$5.0M
$31.9M
$2.2M
Net deferred taxes
($1.3M)
($65.0K)
$46.5M
$7.3M
Net cash flows provided by operating activities
$86.2M
($43.1M)
$506.1M
$104.2M
Capital expenditures
($33.8M)
($16.9M)
($45.5M)
($28.3M)
Payments for acquisitions, net of cash acquired
$517.7M
—
—
—
Proceeds from disposal of assets
$9.9M
$9.7M
$1.1M
$867.0K
Affiliate investment activity
($2.0M)
—
—
$0
Net cash flows (used) by investing activities
($543.7M)
($7.2M)
($44.5M)
($27.5M)
Payments on term loan
$499.3M
—
—
—
Payments on term loan
($77.9M)
($9.4M)
($28.1M)
($18.8M)
Proceeds from long-term debt
$74.8M
—
—
—
Payment of deferred loan costs
($4.9M)
—
—
—
Proceeds under revolving credit facility
$150.0M
$150.0M
$50.0M
$50.0M
Payments under revolving credit facility
($100.0M)
—
($50.0M)
($50.0M)
Payments under other financing arrangements
$998.0K
$391.0K
$10.6M
$3.1M
Payments related to tax withholding for stock-based compensation
($5.3M)
($2.6M)
($3.3M)
($1.2M)
Repurchases of common shares
-25.0M
0
-197.9M
-52.8M
Payments of dividends
($23.0M)
($22.6M)
($11.6M)
($11.3M)
Other
($54.8M)
($26.7M)
($82.7M)
($55.2M)
Contingent consideration payment related to acquired business
$0
$0
($15.0M)
($15.0M)
Other
$529.0K
($529.0K)
($2.9M)
($3.2M)
Net cash flows (used) provided by financing activities
$434.7M
$88.5M
($330.9M)
($154.4M)
Effect of exchange rate changes on cash and cash equivalents