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Arphra AIPlain-English read on Flowserve Corporation’s valuationIncome statement
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Revenue & profit | |||||||||
| Revenue | $3.54B | $3.62B | $4.32B | $4.56B | $4.73B | $4.88B | $5.23B | $5.45B | $5.78B |
| Cost of revenue | $2.47B | $2.62B | $3.02B | $3.09B | $3.09B | $3.3B | $3.54B | $3.74B | $3.86B |
| Gross profit | $1.07B | $994.65M | $1.3B | $1.47B | $1.64B | $1.58B | $1.65B | $1.74B | $1.9B |
| Gross margin | +30.12% | +27.51% | +30.04% | +32.16% | +34.60% | +32.35% | +31.44% | +31.90% | +32.93% |
| Operating | |||||||||
| Research & development | $34.2M | $39.9M | $48.7M | $69.9M | $54.1M | $61.27M | $66.85M | $70.66M | $72.83M |
| Selling, general & administrative | $747.23M | $761.37M | $845.34M | $880.5M | $968.11M | $944.66M | $1.04B | $1.05B | $1.17B |
| Total operating expenses | $781.43M | $801.27M | $894.04M | $950.4M | $1.02B | $1.04B | $1.07B | $1.13B | $1.21B |
| Operating income | $285.14M | $193.39M | $403.8M | $515.42M | $613.89M | $531.17M | $569.7M | $627.66M | $664.33M |
| Operating margin | +8.05% | +5.35% | +9.35% | +11.31% | +12.98% | +10.89% | +10.89% | +11.51% | +11.49% |
| EBITDA | $291.03M | $291.58M | $374.42M | $541.05M | $709.35M | $567.7M | $622.27M | $644.83M | $687.12M |
| EBIT | $191.21M | $200.62M | $290.67M | $455.46M | $613.89M | $471.91M | $505.74M | $534.67M | $574.34M |
| Below the line | |||||||||
| Interest expense | $57.62M | $46.25M | $66.92M | $69.3M | $77.64M | $75.48M | $83.86M | $87.7M | $91.05M |
| Interest income | $2.76M | $3.96M | $6.99M | $5.37M | $7.55M | $7.03M | $7.72M | $8.12M | $8.63M |
| Other income / expense | -$151.55M | -$39.01M | -$180.05M | -$129.27M | -$88.49M | — | — | — | — |
| Pre-tax income | $133.59M | $154.38M | $223.75M | $386.16M | $525.4M | $412.21M | $428.35M | $443.62M | $480.14M |
| Income tax expense | -$2.59M | -$43.64M | $18.56M | $84.93M | $155.6M | $79.09M | $86.4M | $91.01M | $93.81M |
| Earnings | |||||||||
| Net income | $125.95M | $188.69M | $186.74M | $282.76M | $346.25M | $292.67M | $316.78M | $331.07M | $351.38M |
| Net income · continuing ops | $136.18M | $198.02M | $205.19M | $301.23M | $369.8M | $304.65M | $325.1M | $347.94M | $360.32M |
| Net margin | +3.56% | +5.22% | +4.32% | +6.20% | +7.32% | +6.00% | +6.05% | +6.07% | +6.08% |
| EPS · basic | $0.97 | $1.44 | $1.42 | $2.15 | $2.66 | $4.03 | $4.60 | $5.06 | $5.65 |
| EPS · diluted | $0.96 | $1.44 | $1.42 | $2.14 | $2.64 | $4.06 | $4.61 | $5.11 | $5.68 |
| EPS · low estimate | — | — | — | — | — | $4.01 | $4.54 | $5.07 | $5.64 |
| EPS · high estimate | — | — | — | — | — | $4.09 | $4.69 | $5.16 | $5.74 |
| Shares · basic | 130.31M | 130.63M | 131.51M | 131.49M | 130.01M | 130.54M | 131.25M | 130.28M | 128.99M |
| Shares · diluted | 130.86M | 131.32M | 131.93M | 132.36M | 130.98M | 130.64M | 130.78M | 130.09M | 130.83M |
| Coverage | |||||||||
| Analysts (revenue) | — | — | — | — | — | 8 | 8 | 5 | 2 |
| Analysts (EPS) | — | — | — | — | — | 7 | 7 | 1 | 1 |
Coverage notes. Historical figures come’s as-reported income statements / balance sheets / cash flows in our data warehouse. Forecast columns (italicised, faint accent tint) carry vendor-supplied numbers where available (revenue + EPS consensus) and ratio-derived values for every other line. Margins / ratios are the trailing-3y average from history applied to the forecast revenue; values are clamped to enforce P&L identity (gross ≥ operating, EBITDA ≥ operating, net ≤ operating) and balance-sheet identity (assets = liabilities + equity by construction). Cash-flow FCF reconciles to OCF + CapEx. USD conversion uses the period-end close of the issuer's reported/USD pair from forex_prices_daily; share counts stay unconverted.
Financials
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