FLS vs BKR vs WTS Stock Comparison

Flowserve, Baker Hughes and Watts Water Technologies Prices as of Oct 29, 2026 Peers: Industry group
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FLS Flowserve Corp
$80.17 +8.5% 1M +16.3% 1Y
Market cap
$10.04B
P/E
39.4x
Revenue (TTM)
$4.70B
Div. yield
–
Pumps and Valves Industrials
2 wins
BKR Baker Hughes Co
$54.51 -2.5% 1M +12.8% 1Y
Market cap
$54.70B
P/E
18.9x
Revenue (TTM)
$28.74B
Div. yield
0.02%
Oilfield Services Energy
3 wins

Head to Head

12 decided of 12

Watts Water Technologies leads on 7 of the 12 questions below (Watts Water Technologies 7, Baker Hughes 3, Flowserve 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFLSBKRWTSLeader
Larger companyMarket capitalisation $10.04B $54.70B $11.64B BKR
Cheaper on earningsLower P/E, profitable companies only 39.4x 18.9x 30.3x BKR
Cheaper on forward earningsLower price / next fiscal year consensus EPS 18.5x 21.5x 26.5x FLS
Faster revenue growthRevenue growth, trailing twelve months +0.2% +3.7% +17.1% WTS
More profitableNet margin, trailing twelve months 5.4% 10.1% 14.3% WTS
Better return on capitalReturn on invested capital 8.1% 8.3% 16.8% WTS
Less leveragedLower net debt / EBITDA 2.3x 2.9x -0.4x WTS
Higher dividend yieldTrailing dividend yield 0.00% 0.02% 0.01% BKR
Better 1-year returnPrice return, last 12 months +16.3% +12.8% +28.5% WTS
Better 5-year returnAnnualised price return, 5 years +19.0%/yr +16.8%/yr +13.1%/yr FLS
Less volatileAnnualised volatility, 1 year 42.1% 34.4% 27.8% WTS
Higher overall scoreMean of the five percentile scores vs peers 40/100 46/100 71/100 WTS

Percentile Scorecard

FLSBKRWTS

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisFLSBKRWTS
Valuation 26 #150 of 203 28 #34 of 47 33 #137 of 203
Growth 31 #130 of 188 67 #15 of 43 79 #41 of 188
Profitability 43 #104 of 183 74 #11 of 40 92 #15 of 183
Financial Health 34 #144 of 216 18 #37 of 45 89 #25 of 216
Shareholder Returns 68 #50 of 152 45 #17 of 30 62 #59 of 152
Overall 40 46 71
  • FLS ranked among 222 companies in Machinery
  • BKR ranked among 48 companies in Oilfield Services and Equipment
  • WTS ranked among 222 companies in Machinery

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodFLSBKRWTSSPY
1 month +8.5%-2.5%-2.0% +0.7%
3 months +6.4%-9.0%+1.9% +3.7%
6 months +8.9%-21.8%+16.9% +7.1%
Year to date +15.6%+19.7%+27.1% +12.8%
1 year +16.3%+12.8%+28.5% +11.9%
3 years +119.2%+55.9%+104.3% +85.2%
3 years, per year +29.9%+16.0%+26.9% +22.8%
5 years +138.5%+117.3%+84.7% +67.6%
5 years, per year +19.0%+16.8%+13.1% +10.9%
10 years +89.9%—+485.3% +262.0%
10 years, per year +6.6%—+19.3% +13.7%

Risk

MeasureFLSBKRWTSSPY
Volatility, 1Y 42.1%34.4%27.8% 12.7%
Downside volatility, 1Y 42.2%35.7%26.3% 12.6%
Beta vs S&P 500, 1Y 1.730.680.89 1.00
Return / volatility, 1Y 0.390.371.02 0.94
Max drawdown, 5Y -39.0%-47.2%-44.4% -25.4%
From 52-week high -12.9%-21.8%-10.5% -1.2%
52-week high $92.04$69.67$392.27 $779.14
52-week low $64.39$44.47$263.55 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleFLSBKRWTS
P/E now vs peer median 40.0xmedian 25.8x 18.7xmedian 28.5x 30.6xmedian 25.8x
P/S now vs peer median 2.2xmedian 1.9x 1.9xmedian 1.2x 4.4xmedian 1.9x
EV/EBITDA now vs peer median 19.9xmedian 14.6x 13.8xmedian 8.9x 19.2xmedian 14.6x
P/FCF now vs peer median 66.2xmedian 22.2x 16.8xmedian 15.4x 33.5xmedian 22.2x
P/B now vs peer median 4.3xmedian 2.2x 2.6xmedian 1.6x 5.4xmedian 2.2x
PEG now vs peer median 17.37median 1.45 0.91median 0.52 2.38median 1.45

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsFLSBKRWTS
Revenue $4.70B $28.74B $2.68B
Gross profit $1.60B $6.83B $1.31B
Operating income $467.63M $3.43B $512.10M
Net income $273.27M $2.93B $383.80M
Free cash flow $153.66M $3.23B $349.40M
R&D – $573.00M –
EPS (diluted) $1.99 $2.90 $11.46
Cash & equivalents $742.15M $4.07B $347.90M
Total debt $2.06B $18.26B $108.00M
Shares (diluted) 127.96M 998.00M 33.50M
Enterprise value $7.02B $16.43B $10.05B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricFLSBKRWTS
P/E 40.0x 18.7x 30.6x
P/FCF 66.2x 16.8x 33.5x
P/Operating cash flow 44.2x 12.0x 29.4x
P/S 2.2x 1.9x 4.4x
P/B 4.3x 2.6x 5.4x
P/Tangible book 5.0x 5.0x 6.1x
EV/EBITDA 19.9x 13.8x 19.2x
EV/EBIT 24.6x 19.9x 22.4x
EV/Revenue 2.4x 2.4x 4.3x
EV/FCF 74.7x 21.2x 32.8x
EV/Operating cash flow 49.9x 15.1x 28.8x
PEG (3Y EPS CAGR) 17.37 0.91 2.38

Growth

14 metrics
MetricFLSBKRWTS
Revenue growth (1Y) 0.2% 3.7% 17.1%
Revenue CAGR (3Y) 3.8% 5.4% 10.3%
Gross profit growth (1Y) 5.0% 3.2% 18.0%
Gross profit CAGR (3Y) 9.2% 5.8% 13.0%
Operating income growth (1Y) -3.1% 3.8% 26.4%
Operating income CAGR (3Y) 12.4% 13.8% 15.5%
Net income growth (1Y) -42.5% 0.0% 23.2%
Net income CAGR (3Y) 1.3% 19.9% 12.7%
EPS growth (1Y) -42.3% -0.4% 23.2%
EPS CAGR (3Y) 2.3% 20.5% 12.8%
Operating cash flow growth (1Y) -67.3% 35.2% 12.1%
Operating cash flow CAGR (3Y) 4.7% 14.2% 12.5%
Free cash flow growth (1Y) -75.6% 54.5% 10.3%
Free cash flow CAGR (3Y) 7.8% 19.5% 11.4%

Profitability

14 metrics
MetricFLSBKRWTS
Gross margin 34.2% 23.8% 48.9%
EBITDA margin 12.3% 17.2% 22.3%
Operating margin 10.0% 11.9% 19.1%
Pretax margin 7.6% 11.2% 19.0%
Net margin 5.4% 10.1% 14.3%
FCF margin 3.3% 11.2% 13.1%
Operating cash flow margin 4.9% 15.7% 14.9%
Return on equity 11.6% 14.4% 17.9%
Return on assets 4.3% 5.2% 13.0%
Return on invested capital 8.1% 8.3% 16.8%
Return on capital employed 9.7% 8.9% 21.1%
Asset turnover 0.7x 0.5x 0.9x
Cash conversion (OCF / net income) 0.8x 1.5x 1.0x
Stock comp / revenue 0.9% 0.7% 0.9%

Financial Health

11 metrics
MetricFLSBKRWTS
Debt / assets 32.4% 30.9% 3.7%
Debt / equity 0.9x 0.9x 0.0x
Net debt / EBITDA 2.3x 2.9x -0.4x
Debt / FCF 13.4x 5.7x 0.3x
Liabilities / assets 62.4% 65.2% 25.8%
Equity / assets 37.6% 34.8% 74.2%
Interest coverage 5.1x – 50.2x
Current ratio 2.1x 1.2x 2.7x
Quick ratio 1.2x 0.8x 1.5x
Cash ratio 0.5x 0.2x 0.7x
Altman Z-score 3.82 1.58 11.80

Shareholder Returns

7 metrics
MetricFLSBKRWTS
Dividend yield 1.1% 1.7% 0.7%
Net buyback yield 1.3% – 0.1%
Shareholder yield 2.4% 1.7% 0.8%
Payout ratio (earnings) – 31.1% 19.2%
Payout ratio (FCF) – 28.2% 21.1%
Dividend growth (1Y) – 2.2% 21.2%
Dividend CAGR (3Y) – 5.5% 20.1%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusFLSBKRWTS
Forward P/E 18.5xFY2026 21.5xFY2026 26.5xFY2026
EPS, next fiscal year $4.34FY2026 $2.54FY2026 $13.22FY2026
EPS growth, next FY +19.2%FY2026 -2.3%FY2026 +25.0%FY2026
EPS growth, the year after +12.0% +10.6% +13.2%
Revenue, next fiscal year $4.72BFY2026 $30.90BFY2026 $3.02BFY2026
Revenue growth, next FY -0.1%FY2026 +11.4%FY2026 +23.8%FY2026
Revenue growth, the year after +5.3% -1.5% -5.1%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFLSBKRWTS
Held by institutions 100.0% 97.3% 80.9%
Institutions holding 585 1,149 580
Change in shares held, QoQ +14.6% +5.2% +1.9%
Institutions buying 299 577 295
Institutions selling 202 429 187
Buyers to sellers 1.48 1.34 1.58

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

FLSBKRWTS
FLS 1.00 0.28 0.43
BKR 0.28 1.00 0.20
WTS 0.43 0.20 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, FLS, BKR and WTS?

Baker Hughes (BKR) is the largest by market capitalisation: Flowserve (FLS) $10.04B, Baker Hughes (BKR) $54.70B, Watts Water Technologies (WTS) $11.64B.

Which stock is cheaper, FLS, BKR and WTS?

Baker Hughes (BKR) trades on the lowest price-to-earnings ratio (Flowserve (FLS) 39.4x, Baker Hughes (BKR) 18.9x, Watts Water Technologies (WTS) 30.3x). On next year's consensus earnings, Flowserve (FLS) is cheapest (Flowserve (FLS) 18.5x, Baker Hughes (BKR) 21.5x, Watts Water Technologies (WTS) 26.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Watts Water Technologies (WTS) grew revenue fastest over the trailing twelve months: Flowserve (FLS) +0.2%, Baker Hughes (BKR) +3.7%, Watts Water Technologies (WTS) +17.1%.

Which company is more profitable?

Watts Water Technologies (WTS) has the highest net margin (Flowserve (FLS) 5.4%, Baker Hughes (BKR) 10.1%, Watts Water Technologies (WTS) 14.3%). On return on invested capital, Watts Water Technologies (WTS) leads (Flowserve (FLS) 8.1%, Baker Hughes (BKR) 8.3%, Watts Water Technologies (WTS) 16.8%).

Which stock has performed better?

Over the past year Watts Water Technologies (WTS) returned the most: Flowserve (FLS) +16.3%, Baker Hughes (BKR) +12.8%, Watts Water Technologies (WTS) +28.5%. Over five years, Flowserve (FLS) compounded fastest (Flowserve (FLS) +19.0%/yr, Baker Hughes (BKR) +16.8%/yr, Watts Water Technologies (WTS) +13.1%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Baker Hughes (BKR) has the highest dividend yield: Flowserve (FLS) 0.00%, Baker Hughes (BKR) 0.02%, Watts Water Technologies (WTS) 0.01%. Flowserve (FLS) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Watts Water Technologies (WTS) has been the steadiest (Flowserve (FLS) 42.1%, Baker Hughes (BKR) 34.4%, Watts Water Technologies (WTS) 27.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, FLS, BKR and WTS?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Watts Water Technologies (WTS) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.