Flowserve Corporation · FLS · FY2025 Q4 · Calendar Q1 2026

Flowserve posts strong Q4 EPS, but revenue misses consensus

Flowserve's FY2025 Q4 results show meaningful adjusted-EPS strength and continued margin progress, alongside a revenue miss and questions about organic growth and converting backlog. The supplied analysis identifies aftermarket demand, nuclear and power opportunities, and operational programs as support for the outlook, while timing and integration risks remain.

Reported After market closeNYSEIndustrials $10.02B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $1.11 Consensus $0.94
EPS surprise +18.1% Reported versus consensus
Reported revenue $1.22B Consensus $1.26B
Revenue surprise -3.2% Reported versus consensus

Market reaction

event-close to next-session close
Stock move +8.2% Event window
SPY move +1.9% Same window
Abnormal move +6.3% Stock minus SPY
Volume 2.5× Versus trailing sessions
Subsequent drift -9.8% Up to 20 sessions
FLSSPY benchmark

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Transcript intelligence

What changed

The supplied Q4 analysis reports adjusted EPS of $1.11 versus $0.94 consensus, while revenue of $1.222 billion was below $1.262 billion consensus. Management maintained its 2026 outlook, including 5–7% sales growth and mid-single-digit bookings growth. Compared with the prior-quarter analysis, the narrative adds emphasis on the Trillium valve and actuation acquisition, a Honeywell Red Raven integration MOU, and backlog conversion timing.

Guidance delta

Maintained. The supplied analysis cites 2026 sales growth of 5–7% and mid-single-digit bookings growth; no increase or reduction was reported.

Key takeaways

  • Adjusted EPS exceeded consensus, while revenue was below consensus.
  • Management maintained its 2026 outlook for 5–7% sales growth and mid-single-digit bookings growth.
  • Aftermarket growth, nuclear and traditional power opportunities, and 80/20 and commercial-excellence initiatives are identified as growth and margin supports.
  • The analysis flags a lower 2026 backlog conversion rate and project timing as uncertainties.

Management priorities

  • Execute the 80/20 simplification and commercial-excellence programs.
  • Integrate the Trillium valve and actuation business and expand nuclear content.
  • Pursue targeted M&A and grow aftermarket services.
  • Advance the Red Raven digital offering through the Honeywell Forge MOU.
  • Continue share repurchases to offset dilution and return capital.

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Earnings History

Estimate Beat Miss Match
FLS EPS earnings history estimate and actual scatter chart 10 reported fiscal quarters and 4 future estimate-only quarters. Q2 '24 estimate $0.63 Q2 '24 actual $0.73, beat Q3 '24 estimate $0.67 Q3 '24 actual $0.62, miss Q2 '25 estimate $0.78 Q2 '25 actual $0.91, beat Q3 '25 estimate $0.80 Q3 '25 actual $0.90, beat Q4 '25 estimate $0.94 Q4 '25 actual $1.11, beat Q1 '26 estimate $0.82 Q1 '26 actual $0.85, beat Q2 '26 estimate $0.86 Q2 '26 actual $0.95, beat Q3 '26 estimate $0.98 Q3 '26 actual $1.07, beat Q4 '26 estimate $1.28 Q1 '27 estimate $0.93 Q2 '27 estimate $1.10 Q3 '27 estimate $1.20
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Analyst Consensus ?

ConsensusHold31 ratings
Bullish1341.9%
Neutral1754.9%
Bearish13.2%

Analyst 52W Price Targets

$80.56Current
$33Low
$72.2Average
$94High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 2, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
RBC Capital Outperform OutperformMaintainOct 30, 2026
Citigroup Buy BuyMaintainOct 30, 2026
Mizuho Outperform OutperformMaintainOct 15, 2026
Stifel Buy BuyMaintainJul 31, 2026
TD Cowen Hold BuyDowngradeJun 24, 2026
Goldman Sachs Neutral NeutralMaintainDec 17, 2025
Jefferies Buy BuyMaintainDec 10, 2025
B of A Securities Neutral BuyDowngradeNov 14, 2025
UBS Buy BuyMaintainNov 4, 2025
Baird Outperform OutperformMaintainMay 1, 2025
Morgan Stanley Equal Weight Equal WeightMaintainAug 3, 2023
Credit Suisse Neutral NeutralMaintainNov 2, 2022
Cowen & Co. Outperform Market PerformUpgradeJul 7, 2021
Vertical Research Hold BuyDowngradeMar 26, 2020
Citi Buy BuyMaintainAug 2, 2019
Stifel Nicolaus Hold HoldMaintainJul 15, 2019
Northcoast Research Buy NeutralUpgradeSep 13, 2018
BMO Capital Market Perform Market PerformMaintainAug 10, 2018
Seaport Global Neutral BuyDowngradeNov 3, 2017
Wolfe Research Peer Perform UnderperformUpgradeJul 31, 2017
SunTrust Robinson Humphrey Neutral NeutralMaintainAug 1, 2016
Nomura Reduce NeutralDowngradeApr 4, 2016
Maxim Group Hold BuyDowngradeFeb 22, 2016
Susquehanna Neutral NeutralMaintainFeb 5, 2016
BB&T Capital Hold BuyDowngradeJul 27, 2015
Oppenheimer Perform OutperformDowngradeApr 17, 2015
Barclays Overweight OverweightMaintainApr 17, 2015
Bank of America Neutral BuyDowngradeJan 22, 2015
DA Davidson Neutral NeutralMaintainDec 15, 2014
Wedbush Outperform NeutralUpgradeOct 27, 2014
CL King Buy Strong BuyDowngradeJan 25, 2013
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Named analyst price targets

Upside is calculated against the persisted current price $80.56. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
Mizuho SecuritiesAnalyst unavailable$85$70.2 +5.5%Oct 15, 2026
RBC CapitalAnalyst unavailable$94$75.8 +16.7%Jul 31, 2026
Robert W. BairdAnalyst unavailable$93$75.32 +15.4%Jul 31, 2026
Stifel NicolausAnalyst unavailable$94$75.32 +16.7%Jul 31, 2026
Goldman SachsAnalyst unavailable$82$75.32 +1.8%Jul 30, 2026
Stifel NicolausNathan Jones$92$73.64 +14.2%May 1, 2026
Goldman SachsJoe Ritchie$83$73.64 +3.0%Apr 30, 2026
Stifel NicolausNathan Jones$102$84.48 +26.6%Apr 14, 2026
Goldman SachsJoe Ritchie$88$86.46 +9.2%Feb 9, 2026
RBC CapitalAnalyst unavailable$96$86.72 +19.2%Feb 9, 2026
Robert W. BairdAnalyst unavailable$98$85.46 +21.6%Feb 9, 2026
Mizuho SecuritiesAnalyst unavailable$91$85.46 +13.0%Feb 9, 2026
Stifel NicolausAnalyst unavailable$97$85.46 +20.4%Feb 9, 2026
Stifel NicolausNathan Jones$87$78.44 +8.0%Jan 23, 2026
RBC CapitalAnalyst unavailable$83$76.5 +3.0%Jan 15, 2026
Mizuho SecuritiesAnalyst unavailable$74$72.1 -8.1%Jan 5, 2026
Goldman SachsJoe Ritchie$80$71.82 -0.7%Dec 16, 2025
JefferiesAnalyst unavailable$85$72.46 +5.5%Dec 10, 2025
UBSAnalyst unavailable$82$71.85 +1.8%Nov 4, 2025
Goldman SachsJoe Ritchie$71$67.35 -11.9%Oct 30, 2025
RBC CapitalAnalyst unavailable$76$67.68 -5.7%Oct 30, 2025
Stifel NicolausNathan Jones$84$67.55 +4.3%Oct 30, 2025
Mizuho SecuritiesBrett Linzey$60$51.62 -25.5%May 16, 2025
Robert W. BairdMichael Halloran$66$54.14 -18.1%Oct 30, 2024
Goldman SachsJoe Ritchie$52$52.94 -35.5%Oct 29, 2024
Mizuho SecuritiesBrett Linzey$65$54.88 -19.3%Oct 17, 2024
Robert W. BairdMichael Halloran$60$49.23 -25.5%Jul 31, 2024
Goldman SachsJoe Ritchie$46$49.23 -42.9%Jul 30, 2024
Bank of America SecuritiesAndrew Obin$60$50.89 -25.5%Jul 30, 2024
Stifel NicolausNathan Jones$58$51.19 -28.0%Jul 18, 2024
Mizuho SecuritiesBrett Linzey$53$47.45 -34.2%May 1, 2024
Stifel NicolausNathan Jones$53$46.38 -34.2%Apr 17, 2024
Morgan StanleyAnalyst unavailable$33$31.54 -59.0%Jan 6, 2023
CitigroupAnalyst unavailable$36$29.75 -55.3%Dec 9, 2022
Morgan StanleyAnalyst unavailable$37$31.58 -54.1%May 4, 2022
Credit SuisseAnalyst unavailable$38$30.85 -52.8%May 4, 2022
CitigroupAnalyst unavailable$38$30.77 -52.8%May 4, 2022
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Company context

Snapshot as of publication

Flowserve Corporation is a global enterprise that specializes in the conception, creation, distribution, and upkeep of industrial equipment crucial for managing fluid movement. The company extends its reach across the United States, Europe, the Middle East, Africa, Asia, and other international markets. Its operations are structured into two principal divisions: the Flowserve Pump Division (FPD) and the Flow Control Division (FCD). The FPD segment provides a diverse range of pumping solutions, encompassing both custom-engineered and pre-configured pumps and systems, mechanical seals, auxiliary components, and essential replacement parts and upgrades. This division also delivers comprehensive post-sales support, including installation and initial setup, provision of seal system spare parts, repairs, advanced diagnostic services, performance re-rating and enhancement solutions, retrofit initiatives, precision machining, and asset management programs.…

Historical context

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
  3. Polygon adjusted daily market bars · 2026-11-02T12:40:44.658113+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-02T12:40:44.655338+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-11-02. For educational purposes only; not investment advice.