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Side-by-side financial comparison of FLOWSERVE CORP (FLS) and ON Semiconductor (ON). Click either name above to swap in a different company.
ON Semiconductor is the larger business by last-quarter revenue ($1.6B vs $1.1B, roughly 1.5× FLOWSERVE CORP). ON Semiconductor runs the higher net margin — 16.4% vs 7.6%, a 8.8% gap on every dollar of revenue. On growth, FLOWSERVE CORP posted the faster year-over-year revenue change (-6.7% vs -10.0%). Over the past eight quarters, FLOWSERVE CORP's revenue compounded faster (-3.9% CAGR vs -12.3%).
The Flowserve Corporation is an American multinational corporation and one of the largest suppliers of industrial and environmental machinery such as pumps, valves, end face mechanical seals, automation, and services to the power, oil, gas, chemical and other industries. Headquartered in Irving, Texas, which is in the Dallas–Fort Worth Metroplex, Flowserve employs close to 16,000 employees in more than 50 countries. Flowserve sells products and offers aftermarket services to engineering and c...
Fairchild Semiconductor International, Inc. was an American semiconductor company based in San Jose, California. It was founded in 1957 as a division of Fairchild Camera and Instrument by the "traitorous eight" who defected from Shockley Semiconductor Laboratory. It became a pioneer in the manufacturing of transistors and of integrated circuits. Schlumberger bought the firm in 1979 and sold it to National Semiconductor in 1987; Fairchild was spun off as an independent company again in 1997. I...
FLS vs ON — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $1.6B |
| Net Profit | $81.7M | $255.0M |
| Gross Margin | 35.6% | 37.9% |
| Operating Margin | 11.2% | 17.0% |
| Net Margin | 7.6% | 16.4% |
| Revenue YoY | -6.7% | -10.0% |
| Net Profit YoY | 10.5% | -32.9% |
| EPS (diluted) | — | $0.63 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.2B | $1.6B | ||
| Q3 25 | $1.2B | $1.5B | ||
| Q2 25 | $1.2B | $1.4B | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.2B | $1.7B | ||
| Q3 24 | $1.1B | $1.8B | ||
| Q2 24 | $1.2B | $1.7B |
| Q1 26 | $81.7M | — | ||
| Q4 25 | $-29.0M | $255.0M | ||
| Q3 25 | $219.6M | $170.3M | ||
| Q2 25 | $81.8M | $-486.1M | ||
| Q1 25 | $73.9M | — | ||
| Q4 24 | $77.5M | $379.9M | ||
| Q3 24 | $58.4M | $401.7M | ||
| Q2 24 | $72.6M | $338.2M |
| Q1 26 | 35.6% | — | ||
| Q4 25 | 34.8% | 37.9% | ||
| Q3 25 | 32.4% | 37.6% | ||
| Q2 25 | 34.2% | 20.3% | ||
| Q1 25 | 32.3% | — | ||
| Q4 24 | 31.5% | 45.2% | ||
| Q3 24 | 31.5% | 45.4% | ||
| Q2 24 | 31.6% | 45.2% |
| Q1 26 | 11.2% | — | ||
| Q4 25 | 3.5% | 17.0% | ||
| Q3 25 | 6.7% | 13.2% | ||
| Q2 25 | 12.3% | -39.7% | ||
| Q1 25 | 11.5% | — | ||
| Q4 24 | 10.6% | 23.7% | ||
| Q3 24 | 9.1% | 25.3% | ||
| Q2 24 | 10.5% | 22.4% |
| Q1 26 | 7.6% | — | ||
| Q4 25 | -2.4% | 16.4% | ||
| Q3 25 | 18.7% | 11.6% | ||
| Q2 25 | 6.9% | -33.6% | ||
| Q1 25 | 6.5% | — | ||
| Q4 24 | 6.6% | 22.1% | ||
| Q3 24 | 5.2% | 22.8% | ||
| Q2 24 | 6.3% | 19.5% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.21 | $0.63 | ||
| Q3 25 | $1.67 | $0.41 | ||
| Q2 25 | $0.62 | $-1.15 | ||
| Q1 25 | $0.56 | — | ||
| Q4 24 | $0.59 | $0.88 | ||
| Q3 24 | $0.44 | $0.93 | ||
| Q2 24 | $0.55 | $0.78 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $792.4M | $2.9B |
| Total DebtLower is stronger | — | $3.4B |
| Stockholders' EquityBook value | $2.3B | $7.9B |
| Total Assets | $5.7B | $13.0B |
| Debt / EquityLower = less leverage | — | 0.43× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $792.4M | — | ||
| Q4 25 | $760.2M | $2.9B | ||
| Q3 25 | — | $2.8B | ||
| Q2 25 | — | $3.0B | ||
| Q1 25 | — | — | ||
| Q4 24 | $675.4M | $3.0B | ||
| Q3 24 | — | $2.8B | ||
| Q2 24 | — | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $3.4B | ||
| Q3 25 | — | $3.4B | ||
| Q2 25 | — | $3.4B | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.5B | $3.4B | ||
| Q3 24 | — | $3.4B | ||
| Q2 24 | — | $3.4B |
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.2B | $7.9B | ||
| Q3 25 | $2.3B | $7.9B | ||
| Q2 25 | $2.2B | $8.0B | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $2.0B | $8.8B | ||
| Q3 24 | $2.1B | $8.6B | ||
| Q2 24 | $2.0B | $8.3B |
| Q1 26 | $5.7B | — | ||
| Q4 25 | $5.7B | $13.0B | ||
| Q3 25 | $5.8B | $13.1B | ||
| Q2 25 | $5.7B | $13.3B | ||
| Q1 25 | $5.5B | — | ||
| Q4 24 | $5.5B | $14.1B | ||
| Q3 24 | $5.3B | $13.9B | ||
| Q2 24 | $5.2B | $13.7B |
| Q1 26 | — | — | ||
| Q4 25 | 0.72× | 0.43× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.42× | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.75× | 0.38× | ||
| Q3 24 | — | 0.39× | ||
| Q2 24 | — | 0.41× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $418.7M |
| Free Cash FlowOCF − Capex | — | $372.4M |
| FCF MarginFCF / Revenue | — | 24.0% |
| Capex IntensityCapex / Revenue | — | 3.0% |
| Cash ConversionOCF / Net Profit | — | 1.64× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-174.0K | $418.7M | ||
| Q3 25 | $401.8M | $184.3M | ||
| Q2 25 | $154.1M | $602.3M | ||
| Q1 25 | $-49.9M | — | ||
| Q4 24 | $197.3M | $579.7M | ||
| Q3 24 | $178.5M | $465.8M | ||
| Q2 24 | $-12.8M | $362.2M |
| Q1 26 | — | — | ||
| Q4 25 | $-25.6M | $372.4M | ||
| Q3 25 | $384.7M | $106.1M | ||
| Q2 25 | $137.5M | $454.7M | ||
| Q1 25 | $-61.7M | — | ||
| Q4 24 | $168.5M | $434.8M | ||
| Q3 24 | $154.6M | $293.6M | ||
| Q2 24 | $-27.5M | $207.7M |
| Q1 26 | — | — | ||
| Q4 25 | -2.1% | 24.0% | ||
| Q3 25 | 32.8% | 7.2% | ||
| Q2 25 | 11.6% | 31.5% | ||
| Q1 25 | -5.4% | — | ||
| Q4 24 | 14.3% | 25.2% | ||
| Q3 24 | 13.6% | 16.7% | ||
| Q2 24 | -2.4% | 12.0% |
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | 3.0% | ||
| Q3 25 | 1.5% | 5.3% | ||
| Q2 25 | 1.4% | 10.2% | ||
| Q1 25 | 1.0% | — | ||
| Q4 24 | 2.4% | 8.4% | ||
| Q3 24 | 2.1% | 9.8% | ||
| Q2 24 | 1.3% | 8.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.64× | ||
| Q3 25 | 1.83× | 1.08× | ||
| Q2 25 | 1.89× | — | ||
| Q1 25 | -0.68× | — | ||
| Q4 24 | 2.55× | 1.53× | ||
| Q3 24 | 3.06× | 1.16× | ||
| Q2 24 | -0.18× | 1.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FLS
Segment breakdown not available.
ON
| Industrial Segment | $426.3M | 27% |
| Other End Markets Segment | $337.3M | 22% |
| Intelligent Sensing Segments | $284.0M | 18% |
| Direct Customers | $282.4M | 18% |
| Intelligent Sensing Group | $230.0M | 15% |
