FLS vs BKR vs WTS Stock Comparison

Flowserve, Baker Hughes and Watts Water Technologies Prices as of Oct 26, 2026 Peers: Industry group
FLS Flowserve Corp
$69.54 -5.8% 1M +30.2% 1Y
Market cap
$9.05B
P/E
24.4x
Revenue (TTM)
$4.63B
Div. yield
–
Pumps and Valves Industrials
1 win
BKR Baker Hughes Co
$56.01 -3.1% 1M +18.4% 1Y
Market cap
$58.59B
P/E
18.9x
Revenue (TTM)
$27.73B
Div. yield
0.02%
Oilfield Services Energy
4 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 4, Flowserve 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFLSBKRWTSLeader
Larger companyMarket capitalisation $9.05B $58.59B $12.10B BKR
Cheaper on earningsLower P/E, profitable companies only 24.4x 18.9x 31.5x BKR
Cheaper on forward earningsLower price / next fiscal year consensus EPS 16.0x 22.1x 27.8x FLS
Faster revenue growthRevenue growth, trailing twelve months -0.3% +0.4% +17.1% WTS
More profitableNet margin, trailing twelve months 8.0% 11.2% 14.3% WTS
Better return on capitalReturn on invested capital 6.6% 8.9% 16.8% WTS
Less leveragedLower net debt / EBITDA 2.9x 0.1x -0.4x WTS
Higher dividend yieldTrailing dividend yield 0.00% 0.02% 0.01% BKR
Better 1-year returnPrice return, last 12 months +30.2% +18.4% +32.0% WTS
Better 5-year returnAnnualised price return, 5 years +14.1%/yr +17.5%/yr +15.0%/yr BKR
Less volatileAnnualised volatility, 1 year 48.9% 33.2% 27.2% WTS
Higher overall scoreMean of the five percentile scores vs peers 58/100 55/100 69/100 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 50 #102 of 203 44 #27 of 47 26 #151 of 203
Growth 69 #58 of 187 67 #15 of 44 77 #43 of 187
Profitability 54 #86 of 185 75 #11 of 41 91 #18 of 185
Financial Health 34 #146 of 219 49 #24 of 46 91 #21 of 219
Shareholder Returns 85 #24 of 153 42 #19 of 32 63 #58 of 153
Overall 58 55 69
  • 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 -5.8%-3.1%+2.7% -0.8%
3 months -4.3%-7.6%+6.4% +3.5%
6 months -20.9%-18.1%+21.0% +7.0%
Year to date +0.2%+23.0%+33.2% +12.2%
1 year +30.2%+18.4%+32.0% +13.0%
3 years +94.0%+60.9%+117.1% +86.3%
3 years, per year +24.7%+17.2%+29.5% +23.1%
5 years +93.1%+124.0%+100.9% +68.6%
5 years, per year +14.1%+17.5%+15.0% +11.0%
10 years +58.9%—+499.9% +258.0%
10 years, per year +4.7%—+19.6% +13.6%

Risk

MeasureFLSBKRWTSSPY
Volatility, 1Y 48.9%33.2%27.2% 12.7%
Downside volatility, 1Y 42.0%34.2%25.1% 12.7%
Beta vs S&P 500, 1Y 1.760.680.91 1.00
Return / volatility, 1Y 0.620.551.18 1.02
Max drawdown, 5Y -39.0%-47.2%-44.4% -25.4%
From 52-week high -24.4%-19.6%-6.3% -1.8%
52-week high $92.04$69.67$392.27 $779.14
52-week low $52.66$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 23.9xmedian 26.0x 17.9xmedian 25.5x 32.1xmedian 26.0x
P/S now vs peer median 1.9xmedian 1.9x 2.0xmedian 1.2x 4.6xmedian 1.9x
EV/EBITDA now vs peer median 21.0xmedian 14.0x 11.5xmedian 8.6x 20.2xmedian 14.0x
P/FCF now vs peer median 21.5xmedian 21.4x 17.8xmedian 14.7x 35.1xmedian 21.4x
P/B now vs peer median 3.8xmedian 2.2x 2.8xmedian 1.6x 5.6xmedian 2.2x
PEG now vs peer median 1.40median 1.26 0.45median 0.41 2.50median 1.26

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 $4.63B $27.73B $2.68B
Gross profit $1.57B $6.58B $1.31B
Operating income $392.30M $3.59B $512.10M
Net income $390.08M $3.12B $383.80M
Free cash flow $411.44M $3.13B $349.40M
R&D – $569.00M –
EPS (diluted) $2.89 $3.11 $11.46
Cash & equivalents $731.01M $15.73B $347.90M
Total debt $2.14B $16.25B $108.00M
Shares (diluted) 128.36M 997.00M 33.50M
Enterprise value $5.93B $21.69B $10.51B

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 23.9x 17.9x 32.1x
P/FCF 21.5x 17.8x 35.1x
P/Operating cash flow 18.1x 12.5x 30.9x
P/S 1.9x 2.0x 4.6x
P/B 3.8x 2.8x 5.6x
P/Tangible book 4.5x 3.5x 6.4x
EV/EBITDA 21.0x 11.5x 20.2x
EV/EBIT 26.1x 15.7x 23.5x
EV/Revenue 2.2x 2.0x 4.5x
EV/FCF 24.9x 17.9x 34.4x
EV/Operating cash flow 21.0x 12.7x 30.3x
PEG (3Y EPS CAGR) 1.40 0.45 2.50

Growth

14 metrics
MetricFLSBKRWTS
Revenue growth (1Y) -0.3% 0.4% 17.1%
Revenue CAGR (3Y) 5.3% 6.0% 10.3%
Gross profit growth (1Y) 4.3% -0.9% 18.0%
Gross profit CAGR (3Y) 10.8% 5.8% 13.0%
Operating income growth (1Y) -22.5% 9.7% 26.4%
Operating income CAGR (3Y) 11.5% 23.9% 15.5%
Net income growth (1Y) 24.0% 1.3% 23.2%
Net income CAGR (3Y) 15.9% 39.1% 12.7%
EPS growth (1Y) 30.5% 1.0% 23.2%
EPS CAGR (3Y) 17.1% 39.9% 12.8%
Operating cash flow growth (1Y) 1.6% 29.7% 12.1%
Operating cash flow CAGR (3Y) 81.4% 16.4% 12.5%
Free cash flow growth (1Y) 3.1% 44.5% 10.3%
Free cash flow CAGR (3Y) 348.1% 21.8% 11.4%

Profitability

14 metrics
MetricFLSBKRWTS
Gross margin 33.9% 23.7% 48.9%
EBITDA margin 10.5% 17.6% 22.3%
Operating margin 8.5% 12.9% 19.1%
Pretax margin 11.9% 12.7% 19.0%
Net margin 8.0% 11.2% 14.3%
FCF margin 8.9% 11.3% 13.1%
Operating cash flow margin 10.5% 16.0% 14.9%
Return on equity 16.9% 15.8% 17.9%
Return on assets 6.5% 6.0% 13.0%
Return on invested capital 6.6% 8.9% 16.8%
Return on capital employed 8.6% 9.7% 21.1%
Asset turnover 0.8x 0.5x 0.9x
Cash conversion (OCF / net income) 1.3x 1.4x 1.0x
Stock comp / revenue 0.9% 0.7% 0.9%

Financial Health

11 metrics
MetricFLSBKRWTS
Debt / assets 33.8% 30.9% 3.7%
Debt / equity 0.9x 0.8x 0.0x
Net debt / EBITDA 2.9x 0.1x -0.4x
Debt / FCF 5.2x 5.2x 0.3x
Liabilities / assets 63.2% 61.8% 25.8%
Equity / assets 36.8% 38.2% 74.2%
Interest coverage 4.6x – 50.2x
Current ratio 2.2x 2.1x 2.7x
Quick ratio 1.2x 1.7x 1.5x
Cash ratio 0.5x 1.1x 0.7x
Altman Z-score 3.55 2.10 12.25

Shareholder Returns

7 metrics
MetricFLSBKRWTS
Dividend yield 1.3% 1.6% 0.6%
Net buyback yield 2.6% – 0.1%
Shareholder yield 3.8% 1.6% 0.8%
Payout ratio (earnings) – 29.1% 19.2%
Payout ratio (FCF) – 29.1% 21.1%
Dividend growth (1Y) – 4.2% 21.2%
Dividend CAGR (3Y) – 6.4% 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 16.0xFY2026 22.1xFY2026 27.8xFY2026
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% 97.2% 98.6%
Institutions holding 584 1,148 579
Change in shares held, QoQ +14.6% +5.2% +1.9%
Institutions buying 299 576 295
Institutions selling 201 429 187
Buyers to sellers 1.49 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 0.27 0.35
BKR 0.27 1.00 0.18
WTS 0.35 0.18 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) $9.05B, Baker Hughes (BKR) $58.59B, Watts Water Technologies (WTS) $12.10B.

Which stock is cheaper, FLS, BKR and WTS?

Baker Hughes (BKR) trades on the lowest price-to-earnings ratio (Flowserve (FLS) 24.4x, Baker Hughes (BKR) 18.9x, Watts Water Technologies (WTS) 31.5x). On next year's consensus earnings, Flowserve (FLS) is cheapest (Flowserve (FLS) 16.0x, Baker Hughes (BKR) 22.1x, Watts Water Technologies (WTS) 27.8x). 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) -0.3%, Baker Hughes (BKR) +0.4%, Watts Water Technologies (WTS) +17.1%.

Which company is more profitable?

Watts Water Technologies (WTS) has the highest net margin (Flowserve (FLS) 8.0%, Baker Hughes (BKR) 11.2%, Watts Water Technologies (WTS) 14.3%). On return on invested capital, Watts Water Technologies (WTS) leads (Flowserve (FLS) 6.6%, Baker Hughes (BKR) 8.9%, Watts Water Technologies (WTS) 16.8%).

Which stock has performed better?

Over the past year Watts Water Technologies (WTS) returned the most: Flowserve (FLS) +30.2%, Baker Hughes (BKR) +18.4%, Watts Water Technologies (WTS) +32.0%. Over five years, Baker Hughes (BKR) compounded fastest (Flowserve (FLS) +14.1%/yr, Baker Hughes (BKR) +17.5%/yr, Watts Water Technologies (WTS) +15.0%/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) 48.9%, Baker Hughes (BKR) 33.2%, Watts Water Technologies (WTS) 27.2%). 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.