Flowserve's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Flowserve (FLS) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Flowserve vs Its Competitors
- TTM: Trailing 12-month revenue of 4,634M vs 718,185M combined for tracked competitors (0.6% combined share).
- Trending: Latest-quarter revenue run-rate is holding steady (+0.9% annualized vs trailing 12 months), vs accelerating (+5.7%) for its tracked peer group.
- Growth: Flowserve generated -1.6% revenue growth year over year in Q2 2026, vs 9.4% for its tracked competitors combined.
- Profitability: Its 8.7% net margin compares with 21.1% for the peer group.
- Scale: Flowserve ranks #14 of 38 companies by market capitalization in the Miscellaneous Manufacturing industry, holding 1.8% of industry market cap.
- Peer revenue share: Flowserve accounted for 0.6% of combined revenue among its tracked peer group, down from 0.7% a year earlier.
- Peer differentiation: Revenue per employee of $0.29M compares with $0.49M for the peer group (0.6x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
FLS Sales vs. its Competitors, Q2 2026
Flowserve reported revenue contraction of 1.55 % year on year in Q2 2026, below its competitors' combined revenue growth of 9.38 %.
With a net margin of 8.69 %, Flowserve reported lower profitability than its competitors (21.14 %).
Flowserve generated 0.61 % of the combined sales of its peer group, down from 0.68 % a year earlier.
Flowserve vs. its Competitors, Q2 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Flowserve and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Flowserve Corp | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (5) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (9) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (7) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Flowserve's competitor groups requires a Commercial License.
For context: the Miscellaneous Manufacturing industry grew revenue 9.7% year over year, combined, vs -1.6% for Flowserve. Flowserve's share of combined industry revenue moved from 1.68% to 1.51%, a loss of 0.17 percentage points.
Flowserve's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Flowserve Corp | Yes | No | No | No |
| Competitors combined (43) | ||||
| High-Confidence Competitors (9) | ||||
| Similar-Size Competitors (10) | ||||
| Similar Growth & Profitability (8) | 100.00 % (8 of 8) | 37.50 % (3 of 8) | 12.50 % (1 of 8) | 37.50 % (3 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
FLS Stock Performance relative to its Competitors
FLS Stock Performance relative to High-Confidence Competitors
FLS Stock Performance relative to Similar-Size Competitors
FLS Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Babcock and Wilcox Enterprises Inc | 282.9% | Outperformed |
| 2 | The Gorman rupp Company | 282.9% | Outperformed |
| 3 | Sterling Infrastructure Inc | 282.9% | Outperformed |
| 4 | Slb Limited | 282.9% | Outperformed |
| 5 | Idex Corp | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Flowserve's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Flowserve's Comment on Competition and Industry Peers
The industrial pump industry is highly fragmented, with many competitors. We
compete, however, primarily with a limited number of large companies operating
on a global scale. Competition among our closest competitors is generally driven
by delivery times, expertise, price, breadth of product offerings, contractual
terms, previous installation history and reputation for quality. Some of our
largest industry competitors include ITT Industries, KSB Inc. and Sulzer Pumps.
We believe that our strongest sources of competitive advantage rest with our
extensive range of pumps for the chemical industry, our large installed base,
our strong customer relationships, our more than 200 years of legacy experience
in manufacturing and servicing pumping equipment and our reputation for providing
quality engineering solutions.
While in recent years the valve market has undergone a significant amount of
consolidation, the market remains highly fragmented. Some of the largest valve
industry competitors include Pentair Ltd., Cameron International Corp., Emerson
Electric Co., General Electric Co. and Crane Co.
Our market research and assessments indicate that the top 10 global valve manufacturers
collectively comprise less than 25% of the total valve market. Based on independent
industry sources, we believe that we are the fourth largest industrial valve
supplier in the world. We believe that our strongest sources of competitive
advantage rest with our comprehensive portfolio of valve products and services,
our focus on execution and our expertise in severe corrosion and erosion applications.
The pump and mechanical seal industry is highly fragmented, with hundreds of
competitors. We compete, however, primarily with a limited number of large companies
operating on a global scale. Competition among our closest competitors is generally
driven by delivery times, expertise, price, breadth of product offerings, contractual
terms, previous installation history and reputation for quality. Some of our
largest industry competitors include: Sulzer Pumps; Ebara Corp.; SPX Corp.;
Eagle Burgmann, which is a joint venture of two traditional global seal manufacturers,
A. W. Chesterton Co. and AES Corp.; John Crane Inc., a unit of Smiths Group
Plc; and Weir Group Plc.
The pump and mechanical seal industry continues to undergo considerable consolidation,
which is primarily driven by (i) the need to lower costs through reduction of
excess capacity and (ii) customers’ preference to align with global full
service suppliers to simplify their supplier base. Despite the consolidation
activity, the market remains highly competitive.
We believe that our strongest sources of competitive advantage rest with our
extensive range of pumps for the oil and gas, chemical and power generation
industries, our large installed base of products, our strong customer relationships,
our more than 200 years of legacy experience in manufacturing and servicing
pumping equipment, our reputation for providing quality engineering solutions
and our ability to deliver engineered new seal product orders within 72 hours
from the customer’s request.
Publicly Traded Peers of Flowserve Corp
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Flowserve Corp | 9,510.04 | 4,633.54 |
| Eaton Corporation Plc | 168,034.20 | 30,025.00 |
| Danaher Corporation | 160,858.71 | 25,107.00 |
| Parker hannifin Corporation | 124,199.36 | 21,499.00 |
| Johnson Controls International Plc | 91,418.46 | 24,433.00 |
| Emerson Electric Co | 89,433.73 | 18,637.00 |
| SUBTOTAL | 1,291,895.33 | 803,679.93 |
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Sources: Flowserve Corp's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Flowserve Corp versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Flowserve's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Ingersoll Rand Inc | Named by the company | 85% |
| Baker Hughes Company | Named by the company | 85% |
| Energy Recovery Inc | Named by the company | 85% |
| Cameron International Corp | Named by the company | 85% |
| Emerson Electric Co | Named by the company | 85% |
| Itt Inc | Named by the company | 85% |
| Crane Co | Named by the company | 85% |
| John Crane Inc | Named by the company | 85% |
| Kmg Chemicals Inc | Named by the company | 85% |
| KSB SE | Named by the company | 85% |
| Smiths Group | Named by the company | 85% |
| Rotork plc | Named by the company | 85% |
| Ebara Corp | Named by the company | 85% |
| Circor International Inc | Named by the company | 85% |
| ITT Industries | Named by the company | 85% |
| Weir Group | Named by the company | 85% |
| Slb Limited | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Flowserve's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Flowserve's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Flowserve Corp | Flow Control Division 30.46 % |
| Eaton Corporation Plc | Electrical Americas 46.31 % |
| Danaher Corporation | Diagnostics 39.36 % |
| Parker hannifin Corporation | Diversified Industrial 66.93 % |
| Johnson Controls International Plc | Americas 66.79 % |
| Emerson Electric Co | Safety and Productivity 11.33 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Flowserve's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Flowserve Corp | 9,510 | 289,596 | 24,380 |
| Eaton Corporation Plc | 168,034 | 308,572 | 39,403 |
| Danaher Corporation | 160,859 | 418,450 | 66,733 |
| Parker hannifin Corporation | 124,199 | 359,215 | 60,969 |
| Johnson Controls International Plc | 91,418 | 108,591 | 16,342 |
| Emerson Electric Co | 89,434 | 255,301 | 35,329 |
| PEERS TOTAL | 1,282,385 | 487,567 | 86,160 |
Flowserve's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Flowserve Corp | North America 44.53 % |
| Danaher Corporation | North America 39.49 % |
| Parker hannifin Corporation | North America 67.21 % |
| Slb Limited | Middle East 28.67 % |
| Ingersoll Rand Inc | United States 39.51 % |
| Dover Corp | United States 55.59 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Flowserve's Position in Industry Market Structure
Market-capitalization share and concentration across all 35 companies in Flowserve's industry classification, broader than the peer set above. Market cap in millions of $.Flowserve ranks #14 of 35 companies by market capitalization in its industry, holding 1.82 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 1,747, indicating a moderately concentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Abb Ltd | 181,678 | 34.64 % |
| 2 | Trane Technologies Plc | 101,133 | 19.28 % |
| 3 | Ferguson Enterprises Inc | 43,359 | 8.27 % |
| 4 | Xylem Inc | 24,109 | 4.60 % |
| 5 | Amcor Plc | 1,234 | 5.2% |
| 6 | Snap on Inc | 1,234 | 5.2% |
| 7 | Itt Inc | 1,234 | 5.2% |
| 8 | Idex Corp | 1,234 | 5.2% |
| 9 | Stanley Black and Decker Inc | 1,234 | 5.2% |
| 10 | Graco Inc | 1,234 | 5.2% |
| 14 | Flowserve Corp | 9,545 | 1.82 % |
Market cap and industry share for the rest of Flowserve's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-28.
Flowserve's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 9 | Stanley Black and Decker Inc | 13,619 | 17.91 % |
| 10 | Graco Inc | 12,971 | -6.87 % |
| 11 | Watsco Inc | 12,035 | -19.97 % |
| 12 | Littelfuse Inc | 10,955 | 67.20 % |
| 13 | Advanced Drainage Systems Inc | 1,234 | 12.3% |
| 14 | Flowserve Corp | 9,545 | 38.59 % |
| 15 | Simpson Manufacturing Co inc | 1,234 | 12.3% |
| 16 | Powell Industries Inc | 1,234 | 12.3% |
| 17 | Brady Corp | 1,234 | 12.3% |
| 18 | Thor Industries Inc | 1,234 | 12.3% |
| 19 | The Gorman rupp Company | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Flowserve's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-28. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Flowserve's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Miscellaneous Manufacturing industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (50 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 33.89 % | 31.31 % (avg) | +2.6 pp |
| Operating Margin | 8.47 % | industry median | -1.3 pp |
| EBITDA Margin | 12.82 % | 5.28 % (avg) | +7.5 pp |
| Capital Intensity (Capex / Revenue) | 1.65 % | 4.37 % (avg) | -2.7 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Flowserve's Valuation vs Competitive Position
Valuation multiples vs the Miscellaneous Manufacturing industry average (50 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 25.3x | 23.7x | +1.6x |
| EV / EBITDA | 18.8x | 15.2x | +3.6x |
| P/B | 4.1x | 3.1x | +1.0x |
| Return on Equity | 16.98 % | industry aggregate | 1.12 % |
| Return on Invested Capital | 5.69 % | 2.26 % (avg) | 3.43 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Flowserve's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 4.69 % | - | - | -5.02 % | 2.09 % | 19.49 % | 5.50 % | 3.76 % |
| Operating Margin | 6.46 % | - | 6.71 % | 7.65 % | 5.46 % | 7.72 % | 10.14 % | 8.46 % |
| Return on Invested Capital | 4.69 % | - | 4.44 % | 4.91 % | 3.89 % | 6.53 % | 8.59 % | 6.65 % |
| P/E | 49.5x | - | - | 33.0x | 22.0x | 27.8x | 28.1x | 27.3x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Flowserve's Strategic Group Map
Every company in Flowserve's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Flowserve is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Flowserve's BCG Growth-Share Matrix
Relative market share (vs Flowserve's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Flowserve falls in the Dog quadrant: relative market share of 0.05x vs its largest competitor, in an industry growing revenue 4.2% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Flowserve's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Moderate | Industry HHI of 1,747 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 1.65 % vs industry average 4.37 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Flowserve's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Flowserve's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Flowserve's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Flowserve falls in the Low attractiveness / Medium strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Flowserve's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Low relative market share vs the industry leader (0.05x).
Opportunities
No rule matched.
Threats
No rule matched.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Flowserve's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Flowserve Corp | 0.26 | 2.12 | 0.98 |
| Eaton Corporation Plc | 0.05 | 1.25 | 0.79 |
| Danaher Corporation | - | 1.73 | 0.40 |
| Parker hannifin Corporation | 0.08 | 1.16 | 0.65 |
| Johnson Controls International Plc | 0.05 | 0.96 | 0.70 |
| Emerson Electric Co | 0.05 | 0.88 | 0.65 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Flowserve's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Flowserve Corp | Q2 2026 | -1.5 % | +15.1 % |
| Eaton Corporation Plc | Q2 2026 | +21.4 % | -16.2 % |
| Danaher Corporation | Q2 2026 | +5.5 % | +56.8 % |
| Parker hannifin Corporation | Q2 2026 | +9.8 % | +18.2 % |
| Johnson Controls International Plc | Q1 2026 | +8.2 % | +17.1 % |
| Emerson Electric Co | Q2 2026 | +7.0 % | +22.5 % |
| PEERS TOTAL | +11.2 % | +99.4 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Flowserve's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Flowserve Corp | Q2 2026 | +0.4 % | +1.8 % |
| Eaton Corporation Plc | Q2 2026 | +28.1 % | +25.2 % |
| Danaher Corporation | Q2 2026 | +10.0 % | +8.5 % |
| Parker hannifin Corporation | Q2 2026 | +6.8 % | +32.2 % |
| Johnson Controls International Plc | Q1 2026 | +7.6 % | - |
| Emerson Electric Co | Q2 2026 | +2.7 % | +9.7 % |
Flowserve's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Flowserve Corp | 6.61% | 8.49% | 16.98% |
| Eaton Corporation Plc | 7.94% | 10.71% | 19.56% |
| Danaher Corporation | 4.72% | 5.44% | 7.66% |
| Parker hannifin Corporation | 11.99% | 15.10% | 25.38% |
| Johnson Controls International Plc | 9.33% | 15.77% | 26.03% |
| Emerson Electric Co | 6.13% | 8.71% | 12.69% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Flowserve's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Flowserve Corp | 25.91 | 2.05 |
| Eaton Corporation Plc | 43.98 | 5.60 |
| Danaher Corporation | 40.45 | 6.41 |
| Parker hannifin Corporation | 34.06 | 5.78 |
| Johnson Controls International Plc | 27.02 | 3.74 |
| Emerson Electric Co | 34.88 | 4.80 |
| PEERS AVERAGE | 9.12 | 1.61 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.