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Side-by-side financial comparison of FLOWSERVE CORP (FLS) and SM Energy Co (SM). Click either name above to swap in a different company.

FLOWSERVE CORP is the larger business by last-quarter revenue ($1.1B vs $704.9M, roughly 1.5× SM Energy Co). On growth, FLOWSERVE CORP posted the faster year-over-year revenue change (-6.7% vs -17.3%). Over the past eight quarters, SM Energy Co's revenue compounded faster (12.2% CAGR vs -3.9%).

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...

SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.

FLS vs SM — Head-to-Head

Bigger by revenue
FLS
FLS
1.5× larger
FLS
$1.1B
$704.9M
SM
Growing faster (revenue YoY)
FLS
FLS
+10.6% gap
FLS
-6.7%
-17.3%
SM
Faster 2-yr revenue CAGR
SM
SM
Annualised
SM
12.2%
-3.9%
FLS

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FLS
FLS
SM
SM
Revenue
$1.1B
$704.9M
Net Profit
$81.7M
Gross Margin
35.6%
Operating Margin
11.2%
25.9%
Net Margin
7.6%
Revenue YoY
-6.7%
-17.3%
Net Profit YoY
10.5%
EPS (diluted)
$0.94

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.

Revenue
FLS
FLS
SM
SM
Q1 26
$1.1B
Q4 25
$1.2B
$704.9M
Q3 25
$1.2B
$811.6M
Q2 25
$1.2B
$792.9M
Q1 25
$1.1B
$844.5M
Q4 24
$1.2B
$852.0M
Q3 24
$1.1B
$643.6M
Q2 24
$1.2B
$634.6M
Net Profit
FLS
FLS
SM
SM
Q1 26
$81.7M
Q4 25
$-29.0M
Q3 25
$219.6M
$155.1M
Q2 25
$81.8M
$201.7M
Q1 25
$73.9M
$182.3M
Q4 24
$77.5M
Q3 24
$58.4M
$240.5M
Q2 24
$72.6M
$210.3M
Gross Margin
FLS
FLS
SM
SM
Q1 26
35.6%
Q4 25
34.8%
Q3 25
32.4%
Q2 25
34.2%
Q1 25
32.3%
Q4 24
31.5%
Q3 24
31.5%
Q2 24
31.6%
Operating Margin
FLS
FLS
SM
SM
Q1 26
11.2%
Q4 25
3.5%
25.9%
Q3 25
6.7%
30.4%
Q2 25
12.3%
37.2%
Q1 25
11.5%
32.7%
Q4 24
10.6%
33.7%
Q3 24
9.1%
51.4%
Q2 24
10.5%
44.0%
Net Margin
FLS
FLS
SM
SM
Q1 26
7.6%
Q4 25
-2.4%
Q3 25
18.7%
19.1%
Q2 25
6.9%
25.4%
Q1 25
6.5%
21.6%
Q4 24
6.6%
Q3 24
5.2%
37.4%
Q2 24
6.3%
33.1%
EPS (diluted)
FLS
FLS
SM
SM
Q1 26
Q4 25
$-0.21
$0.94
Q3 25
$1.67
$1.35
Q2 25
$0.62
$1.76
Q1 25
$0.56
$1.59
Q4 24
$0.59
$1.63
Q3 24
$0.44
$2.09
Q2 24
$0.55
$1.82

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FLS
FLS
SM
SM
Cash + ST InvestmentsLiquidity on hand
$792.4M
$368.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.3B
$4.8B
Total Assets
$5.7B
$9.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLS
FLS
SM
SM
Q1 26
$792.4M
Q4 25
$760.2M
$368.0M
Q3 25
$162.3M
Q2 25
$101.9M
Q1 25
$54.0K
Q4 24
$675.4M
Q3 24
$1.7B
Q2 24
$487.9M
Total Debt
FLS
FLS
SM
SM
Q1 26
Q4 25
$1.6B
Q3 25
Q2 25
Q1 25
Q4 24
$1.5B
Q3 24
Q2 24
Stockholders' Equity
FLS
FLS
SM
SM
Q1 26
$2.3B
Q4 25
$2.2B
$4.8B
Q3 25
$2.3B
$4.7B
Q2 25
$2.2B
$4.6B
Q1 25
$2.1B
$4.4B
Q4 24
$2.0B
$4.2B
Q3 24
$2.1B
$4.1B
Q2 24
$2.0B
$3.8B
Total Assets
FLS
FLS
SM
SM
Q1 26
$5.7B
Q4 25
$5.7B
$9.3B
Q3 25
$5.8B
$9.1B
Q2 25
$5.7B
$9.0B
Q1 25
$5.5B
$8.8B
Q4 24
$5.5B
$8.6B
Q3 24
$5.3B
$8.0B
Q2 24
$5.2B
$6.7B
Debt / Equity
FLS
FLS
SM
SM
Q1 26
Q4 25
0.72×
Q3 25
Q2 25
Q1 25
Q4 24
0.75×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FLS
FLS
SM
SM
Operating Cash FlowLast quarter
$451.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLS
FLS
SM
SM
Q1 26
Q4 25
$-174.0K
$451.9M
Q3 25
$401.8M
$505.0M
Q2 25
$154.1M
$571.1M
Q1 25
$-49.9M
$483.0M
Q4 24
$197.3M
$578.4M
Q3 24
$178.5M
$452.3M
Q2 24
$-12.8M
$476.4M
Free Cash Flow
FLS
FLS
SM
SM
Q1 26
Q4 25
$-25.6M
Q3 25
$384.7M
Q2 25
$137.5M
Q1 25
$-61.7M
Q4 24
$168.5M
Q3 24
$154.6M
Q2 24
$-27.5M
FCF Margin
FLS
FLS
SM
SM
Q1 26
Q4 25
-2.1%
Q3 25
32.8%
Q2 25
11.6%
Q1 25
-5.4%
Q4 24
14.3%
Q3 24
13.6%
Q2 24
-2.4%
Capex Intensity
FLS
FLS
SM
SM
Q1 26
Q4 25
2.1%
Q3 25
1.5%
Q2 25
1.4%
Q1 25
1.0%
Q4 24
2.4%
Q3 24
2.1%
Q2 24
1.3%
Cash Conversion
FLS
FLS
SM
SM
Q1 26
Q4 25
Q3 25
1.83×
3.26×
Q2 25
1.89×
2.83×
Q1 25
-0.68×
2.65×
Q4 24
2.55×
Q3 24
3.06×
1.88×
Q2 24
-0.18×
2.27×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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