FLS vs SPXC vs GHM Stock Comparison

Flowserve, SPX Technologies and Graham 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
$10.16B
P/E
39.9x
Revenue (TTM)
$4.70B
Div. yield
–
Pumps and Valves Industrials
4 wins
GHM Graham Corp
$71.68 -17.0% 1M +18.4% 1Y
Market cap
$798.34M
P/E
67.6x
Revenue (TTM)
$261.15M
Div. yield
–
Pumps and Valves Industrials
3 wins

Head to Head

10 decided of 12

Flowserve leads on 4 of the 12 questions below (Flowserve 4, SPX Technologies 3, Graham 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFLSSPXCGHMLeader
Larger companyMarket capitalisation $10.16B $8.21B $798.34M FLS
Cheaper on earningsLower P/E, profitable companies only 39.9x 31.0x 67.6x SPXC
Cheaper on forward earningsLower price / next fiscal year consensus EPS 18.5x 19.5x 44.0x FLS
Faster revenue growthRevenue growth, trailing twelve months +0.2% +20.2% +21.2% GHM
More profitableNet margin, trailing twelve months 5.4% — 4.5% FLS
Better return on capitalReturn on invested capital 8.1% — 7.0% FLS
Less leveragedLower net debt / EBITDA 2.3x — — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +16.3% -16.2% +18.4% GHM
Better 5-year returnAnnualised price return, 5 years +19.0%/yr +23.6%/yr +41.4%/yr GHM
Less volatileAnnualised volatility, 1 year 42.1% 41.5% 54.5% SPXC
Higher overall scoreMean of the five percentile scores vs peers 40/100 53/100 31/100 SPXC

Percentile Scorecard

FLSSPXCGHM

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

AxisFLSSPXCGHM
Valuation 26 #150 of 203 17 #46 of 55 17 #168 of 203
Growth 31 #130 of 188 100 #1 of 51 62 #72 of 188
Profitability 43 #104 of 183 42 #29 of 49 32 #125 of 183
Financial Health 34 #144 of 216 – 36 #138 of 216
Shareholder Returns 68 #50 of 152 – 9 #138 of 152
Overall 40 53 31
  • FLS ranked among 222 companies in Machinery
  • SPXC ranked among 59 companies in Construction Products
  • GHM ranked among 222 companies in Machinery

Price Performance

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

Returns

PeriodFLSSPXCGHMSPY
1 month +8.5%-1.8%-17.0% +0.7%
3 months +6.4%-15.9%-24.0% +3.7%
6 months +8.9%-23.5%-24.7% +7.1%
Year to date +15.6%-16.3%+11.6% +12.8%
1 year +16.3%-16.2%+18.4% +11.9%
3 years +119.2%+110.9%+356.0% +85.2%
3 years, per year +29.9%+28.3%+65.9% +22.8%
5 years +138.5%+188.4%+464.0% +67.6%
5 years, per year +19.0%+23.6%+41.4% +10.9%
10 years +89.9%+785.0%+298.7% +262.0%
10 years, per year +6.6%+24.4%+14.8% +13.7%

Risk

MeasureFLSSPXCGHMSPY
Volatility, 1Y 42.1%41.5%54.5% 12.7%
Downside volatility, 1Y 42.2%41.8%56.9% 12.6%
Beta vs S&P 500, 1Y 1.731.742.13 1.00
Return / volatility, 1Y 0.39-0.390.34 0.94
Max drawdown, 5Y -39.0%-38.3%-51.9% -25.4%
From 52-week high -12.9%-32.0%-42.1% -1.2%
52-week high $92.04$246.41$123.79 $779.14
52-week low $64.39$160.01$53.56 $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.

MultipleFLSSPXCGHM
P/E now vs peer median 40.0xmedian 25.8x 31.0xmedian 20.3x 70.3xmedian 25.8x
P/S now vs peer median 2.2xmedian 1.9x 3.2xmedian 1.6x 3.2xmedian 1.9x
EV/EBITDA now vs peer median 19.9xmedian 14.6x —median 12.6x 35.0xmedian 14.6x
P/FCF now vs peer median 66.2xmedian 22.2x 28.4xmedian 16.9x -137.4xmedian 22.2x
P/B now vs peer median 4.3xmedian 2.2x 3.4xmedian 3.0x 4.4xmedian 2.2x
PEG now vs peer median 17.37median 1.45 —median 1.13 1.05median 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 monthsFLSSPXCGHM
Revenue $4.70B $2.60B $261.15M
Gross profit $1.60B – $60.83M
Operating income $467.63M $418.10M $14.21M
Net income $273.27M $298.10M $11.82M
Free cash flow $153.66M – -$6.12M
EPS (diluted) $1.99 – $1.01
Cash & equivalents $742.15M $119.20M $26.95M
Total debt $2.06B – $13.00M
Shares (diluted) 127.96M 50.68M 11.71M
Enterprise value $7.14B $8.21B $721.97M

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
MetricFLSSPXCGHM
P/E 40.0x 31.0x 70.3x
P/FCF 66.2x 28.4x -137.4x
P/Operating cash flow 44.2x 22.3x 151.7x
P/S 2.2x 3.2x 3.2x
P/B 4.3x 3.4x 4.4x
P/Tangible book 5.0x 8.9x 5.4x
EV/EBITDA 19.9x – 35.0x
EV/EBIT 24.6x – 57.3x
EV/Revenue 2.4x 3.2x 3.1x
EV/FCF 74.7x – -133.0x
EV/Operating cash flow 49.9x 22.3x 146.8x
PEG (3Y EPS CAGR) 17.37 – 1.05

Growth

14 metrics
MetricFLSSPXCGHM
Revenue growth (1Y) 0.2% 20.2% 21.2%
Revenue CAGR (3Y) 3.8% 15.2% 15.7%
Gross profit growth (1Y) 5.0% – 10.2%
Gross profit CAGR (3Y) 9.2% – 27.1%
Operating income growth (1Y) -3.1% 22.8% -16.1%
Operating income CAGR (3Y) 12.4% 46.2% 53.2%
Net income growth (1Y) -42.5% 33.6% -14.7%
Net income CAGR (3Y) 1.3% 112.4% 71.8%
EPS growth (1Y) -42.3% – -19.7%
EPS CAGR (3Y) 2.3% – 66.8%
Operating cash flow growth (1Y) -67.3% 22.7% -58.5%
Operating cash flow CAGR (3Y) 4.7% 58.9% -38.0%
Free cash flow growth (1Y) -75.6% – 36.6%
Free cash flow CAGR (3Y) 7.8% – -32.7%

Profitability

14 metrics
MetricFLSSPXCGHM
Gross margin 34.2% – 23.3%
EBITDA margin 12.3% – 8.9%
Operating margin 10.0% – 5.4%
Pretax margin 7.6% – 5.3%
Net margin 5.4% – 4.5%
FCF margin 3.3% – -2.3%
Operating cash flow margin 4.9% 14.5% 2.1%
Return on equity 11.6% 12.4% 7.1%
Return on assets 4.3% 6.8% 3.4%
Return on invested capital 8.1% – 7.0%
Return on capital employed 9.7% – 7.8%
Asset turnover 0.7x 0.6x 0.8x
Cash conversion (OCF / net income) 0.8x 1.3x 0.5x
Stock comp / revenue 0.9% 0.7% 0.9%

Financial Health

11 metrics
MetricFLSSPXCGHM
Debt / assets 32.4% – –
Debt / equity 0.9x – –
Net debt / EBITDA 2.3x – –
Debt / FCF 13.4x – –
Liabilities / assets 62.4% – 47.2%
Equity / assets 37.6% 50.4% 52.8%
Interest coverage 5.1x – –
Current ratio 2.1x 1.8x 1.2x
Quick ratio 1.2x – 0.9x
Cash ratio 0.5x – 0.2x
Altman Z-score 3.82 – 4.33

Shareholder Returns

7 metrics
MetricFLSSPXCGHM
Dividend yield 1.1% – –
Net buyback yield 1.3% – -6.0%
Shareholder yield 2.4% 0.0% -6.0%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

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.

ConsensusFLSSPXCGHM
Forward P/E 18.5xFY2026 19.5xFY2026 44.0xFY2026
EPS, next fiscal year $4.34FY2026 $8.57FY2026 $1.63FY2026
EPS growth, next FY +19.2%FY2026 +26.8%FY2026 +45.5%FY2026
EPS growth, the year after +12.0% +20.1% +41.7%
Revenue, next fiscal year $4.72BFY2026 $2.64BFY2026 $271.48MFY2026
Revenue growth, next FY -0.1%FY2026 +16.4%FY2026 +10.7%FY2026
Revenue growth, the year after +5.3% +14.6% +22.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFLSSPXCGHM
Held by institutions 100.0% 93.8% 89.3%
Institutions holding 585 511 222
Change in shares held, QoQ +14.6% +10.8% +16.8%
Institutions buying 299 276 145
Institutions selling 202 162 56
Buyers to sellers 1.48 1.70 2.59

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.

FLSSPXCGHM
FLS 1.00 0.49 0.42
SPXC 0.49 1.00 0.54
GHM 0.42 0.54 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, FLS, SPXC and GHM?

Flowserve (FLS) is the largest by market capitalisation: Flowserve (FLS) $10.16B, SPX Technologies (SPXC) $8.21B, Graham (GHM) $798.34M.

Which stock is cheaper, FLS, SPXC and GHM?

SPX Technologies (SPXC) trades on the lowest price-to-earnings ratio (Flowserve (FLS) 39.9x, SPX Technologies (SPXC) 31.0x, Graham (GHM) 67.6x). On next year's consensus earnings, Flowserve (FLS) is cheapest (Flowserve (FLS) 18.5x, SPX Technologies (SPXC) 19.5x, Graham (GHM) 44.0x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Graham (GHM) grew revenue fastest over the trailing twelve months: Flowserve (FLS) +0.2%, SPX Technologies (SPXC) +20.2%, Graham (GHM) +21.2%.

Which company is more profitable?

Flowserve (FLS) has the highest net margin (Flowserve (FLS) 5.4%, Graham (GHM) 4.5%). On return on invested capital, Flowserve (FLS) leads (Flowserve (FLS) 8.1%, Graham (GHM) 7.0%).

Which stock has performed better?

Over the past year Graham (GHM) returned the most: Flowserve (FLS) +16.3%, SPX Technologies (SPXC) -16.2%, Graham (GHM) +18.4%. Over five years, Graham (GHM) compounded fastest (Flowserve (FLS) +19.0%/yr, SPX Technologies (SPXC) +23.6%/yr, Graham (GHM) +41.4%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, SPX Technologies (SPXC) has been the steadiest (Flowserve (FLS) 42.1%, SPX Technologies (SPXC) 41.5%, Graham (GHM) 54.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, FLS, SPXC and GHM?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Flowserve (FLS) leads on 4. 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.