Flowserve Corp. (FLS) intrinsic value & 10-year financials
Flowserve Corp. (FLS) has a Graham intrinsic value of $55.80 per share. At $70.52 on Oct 17, 2026, the stock trades 26% above that value. Over the last 10 fiscal years revenue grew 1.9% a year to $4.7B, with an average return on invested capital of 9.2%.
- Graham intrinsic value
- $55.80
- Share price (Oct 17, 2026)
- $70.52
- Price vs Graham value
- 26% above
- Market cap
- $9.2B
- Revenue (FY2025)
- $4.7B
- Revenue growth (10-yr CAGR)
- 1.9%
- ROIC (10-yr avg)
- 9.2%
- Free cash flow (FY2025)
- $435.0M
FLS 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $4.7B | $346.2M | $2.64 | $435.0M | 8.5% | 9.4% |
| FY2024 | $4.6B | $282.8M | $2.14 | $344.3M | 10.1% | 13.0% |
| FY2023 | $4.3B | $186.7M | $1.42 | $258.4M | 7.7% | 11.5% |
| FY2022 | $3.6B | $188.7M | $1.44 | -$116.3M | 5.5% | 7.7% |
| FY2021 | $3.5B | $125.9M | $0.96 | $195.2M | 7.6% | 11.3% |
| FY2020 | $3.7B | $116.3M | $0.89 | $253.1M | 6.7% | 6.8% |
| FY2019 | $3.9B | $253.7M | $1.93 | $246.6M | 10.3% | 12.3% |
| FY2018 | $3.8B | $119.7M | $0.91 | $106.8M | 6.5% | 6.9% |
| FY2017 | $3.7B | $2.7M | $0.02 | $249.5M | 9.2% | 6.2% |
| FY2016 | $4.0B | $145.1M | $1.11 | $137.9M | 7.0% | 6.4% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
FLOWSERVE CORP has demonstrated mature, steady growth, with revenue compounding at 1.9% annually over the past decade.
FLOWSERVE CORP returns on capital have been average, hovering around 9.2% ROIC over the decade.
FLOWSERVE CORP has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, FLOWSERVE CORP is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $55.80 per share.