Flowserve Corporation (FLS) Income Statement
FLS 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsFLS revenue and net income
Where FLS's revenue goes
2025Each bar shows an amount and its share of revenue. FLS kept 7.3% of revenue as net income.
FLS profit margins
FLS growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +3.8% | +9.4% | +4.9% | +0.4% |
| Gross profit | +11.6% | +18.0% | +7.0% | +0.5% |
| Operating income | +19.1% | +47.0% | +11.3% | −0.1% |
| Net income | +22.5% | +22.4% | +21.6% | +2.6% |
| EPS (diluted) | +31.1% | +48.1% | +14.9% | +1.4% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
FLS quarterly EPS vs estimates
Flowserve beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 28, 2026 (estimate $0.99).
FLS income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.73B | $4.56B | $4.32B | $3.62B | $3.54B | $3.73B | $3.94B | $3.83B | $3.66B | $3.99B |
| Cost of revenue | $3.09B | $3.09B | $3.02B | $2.62B | $2.47B | $2.56B | $2.63B | $2.59B | $2.53B | $2.69B |
| Gross profit | $1.64B | $1.47B | $1.30B | $994.7M | $1.07B | $1.16B | $1.31B | $1.24B | $1.13B | $1.30B |
| Research & development | $54.1M | $69.9M | $48.7M | $39.9M | $34.2M | $36.1M | $42.0M | $39.6M | $38.6M | $42.8M |
| Sales, general & admin | $972.0M | $978.0M | $961.2M | $802.5M | $797.1M | $878.2M | $899.8M | $943.7M | $903.9M | $965.3M |
| Total operating expenses | $1.02B | $950.4M | $894.0M | $801.3M | $781.4M | $805.0M | $872.7M | $928.4M | $880.2M | $872.7M |
| Operating income | $613.9M | $515.4M | $403.8M | $193.4M | $285.1M | $359.1M | $433.9M | $309.8M | $252.7M | $425.0M |
| Interest income | $70.2M | $5.4M | $7.0M | $42.3M | $82.3M | $4.2M | $8.4M | $6.5M | $3.4M | $2.8M |
| Interest expense | $77.6M | $69.3M | $66.9M | $46.2M | $57.6M | $56.2M | $55.0M | $58.2M | $59.7M | $60.1M |
| Income before taxes | $525.4M | $386.2M | $223.8M | $154.4M | $133.6M | $202.3M | $322.4M | $176.3M | $263.0M | $212.9M |
| Income taxes | $155.6M | $84.9M | $18.6M | −$43.6M | −$2.6M | $61.4M | $80.1M | $51.2M | $258.7M | $75.3M |
| Net income | $346.2M | $282.8M | $186.7M | $188.7M | $125.9M | $130.4M | $253.7M | $119.7M | $2.7M | $145.1M |
| EBITDA | $698.5M | $541.1M | $374.4M | $291.6M | $291.0M | $359.2M | $483.3M | $346.9M | $441.2M | $389.8M |
| EPS (diluted) | $3.54 | $2.70 | $2.10 | $1.09 | $1.39 | $1.77 | $2.20 | $1.75 | $1.34 | $2.20 |
| Gross margin | 34.6% | 32.2% | 30.0% | 27.5% | 30.1% | 31.2% | 33.1% | 32.3% | 30.9% | 32.5% |
| Operating margin | 13.0% | 11.3% | 9.3% | 5.3% | 8.1% | 9.6% | 11.0% | 8.1% | 6.9% | 10.6% |
| Net margin | 7.3% | 6.2% | 4.3% | 5.2% | 3.6% | 3.5% | 6.4% | 3.1% | 0.1% | 3.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.17B | $1.07B | $1.22B | $1.17B | $1.19B | $1.14B | $1.18B | $1.13B | $1.16B | $1.09B | $1.17B | $1.09B |
| Cost of revenue | $784.4M | $671.9M | $782.9M | $768.7M | $776.4M | $765.2M | $796.7M | $769.2M | $783.3M | $742.8M | $816.2M | $769.8M |
| Gross profit | $384.7M | $396.3M | $439.3M | $405.8M | $411.7M | $379.3M | $383.7M | $363.9M | $373.6M | $344.6M | $349.0M | $324.9M |
| Research & development | — | — | — | — | — | — | $69.9M | — | — | — | $48.7M | — |
| Sales, general & admin | $266.3M | $263.4M | $240.3M | $305.2M | $265.9M | $243.2M | $252.0M | $259.0M | $238.6M | $228.4M | $234.7M | $252.1M |
| Total operating expenses | $233.3M | $250.9M | $245.7M | $300.6M | $267.7M | $244.5M | $243.6M | $255.2M | $238.9M | $226.9M | $219.3M | $237.1M |
| Operating income | $151.4M | $145.4M | $193.5M | $105.2M | $144.0M | $134.9M | $140.1M | $108.7M | $134.7M | $117.7M | $129.7M | $87.8M |
| Interest income | $5.0M | $1.5M | $17.1M | $792,000 | $17.7M | $1.7M | $1.6M | $1.4M | $1.2M | $1.2M | $1.5M | $2.1M |
| Interest expense | $25.7M | $20.4M | $19.6M | $18.7M | $20.2M | $19.2M | $20.5M | $16.6M | $16.9M | $15.3M | $16.9M | $17.3M |
| Income before taxes | $118.7M | $107.5M | $6.8M | $317.5M | $103.9M | $97.2M | $105.7M | $82.1M | $100.3M | $98.1M | $71.4M | $41.4M |
| Income taxes | $17.1M | $21.1M | $28.5M | $93.7M | $15.6M | $17.7M | $22.2M | $18.7M | $23.8M | $20.1M | $4.0M | −$11.2M |
| Net income | $99.0M | $81.7M | −$29.0M | $219.6M | $81.8M | $73.9M | $77.5M | $58.4M | $72.6M | $74.2M | $62.6M | $46.2M |
| EBITDA | $168.6M | $152.0M | $49.1M | $360.7M | $148.0M | $140.8M | $148.5M | $119.6M | $137.9M | $135.0M | $109.0M | $79.1M |
| EPS (diluted) | $0.95 | $0.85 | $1.11 | $0.90 | $0.91 | $0.62 | $0.70 | $0.69 | $0.73 | $0.58 | $0.68 | $0.50 |
| Gross margin | 32.9% | 37.1% | 35.9% | 34.6% | 34.7% | 33.1% | 32.5% | 32.1% | 32.3% | 31.7% | 30.0% | 29.7% |
| Operating margin | 13.0% | 13.6% | 15.8% | 9.0% | 12.1% | 11.8% | 11.9% | 9.6% | 11.6% | 10.8% | 11.1% | 8.0% |
| Net margin | 8.5% | 7.6% | −2.4% | 18.7% | 6.9% | 6.5% | 6.6% | 5.2% | 6.3% | 6.8% | 5.4% | 4.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in FLS's financial statements (latest annual report filed February 17, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
FLS financial results
In fiscal year 2025 (ended December 31, 2025), Flowserve reported revenue of $4.7 billion, up 3.8% from the year before. It had net income of $346.2 million (up 22.5%), a net profit margin of 7.3%. Diluted earnings per share came to $3.54. Over five years revenue grew at an average rate of 4.9% a year.
See the FLS stock overview for the latest quote and news, or the FLS chart for price history and technical indicators.
FLS income statement FAQ
What is Flowserve's annual revenue?
Flowserve reported total revenue of $4.7 billion for fiscal year 2025, which ended on December 31, 2025. That was up 3.8% from $4.6 billion the previous year.
Is Flowserve profitable?
Yes. Flowserve reported net income of $346.2 million in fiscal 2025, a net profit margin of 7.3%; its operating margin was 13.0%.
What is Flowserve's gross margin?
Flowserve's gross margin was 34.6% in fiscal 2025: for every $100 of revenue, Flowserve kept $35 after the direct cost of its products and services.
How much does Flowserve spend on research and development?
Flowserve spent $54.1 million on research and development in fiscal 2025, 1.1% of revenue.
How fast is Flowserve growing?
Revenue grew 4.9% a year on average over the last five fiscal years, from $3.7 billion to $4.7 billion.
What are Flowserve's earnings per share?
Flowserve earned $3.54 per diluted share in fiscal 2025, compared with $2.70 a year earlier.
When will Flowserve report its next earnings?
Flowserve is expected to report results for the quarter ending September 30, 2026 on October 28, 2026 after the market closes.
When does Flowserve's fiscal year end?
Flowserve's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 17, 2026.