Aftermarket was Flowserve’s largest segment in fiscal 2025, bringing in $2.12B of $3.23B (66%).
| Segment | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Aftermarket | $1.64B | $1.91B | $2.00B | $2.12B | ||||||
| Original Equipment | $881.06M | $1.15B | $1.15B | $1.11B | ||||||
| Total | $2.52B | $3.06B | $3.15B | $3.23B |
Flowserve brought in $3.23B from its two segments in fiscal 2025, the year ended December 31, 2025. That was up 2.4% from $3.15B in fiscal 2024. Aftermarket was the largest at $2.12B (65.6%), ahead of Original Equipment at $1.11B (34.4%).
Compared with fiscal 2024, Aftermarket grew 5.9% to $2.12B, while Original Equipment fell 3.6% to $1.11B. From fiscal 2022 to 2025, combined revenue from these segments grew from $2.52B to $3.23B, a compound annual growth rate of 8.7%. Aftermarket's share of the total rose from 65.0% to 65.6%.
As Reported was Flowserve’s largest revenue line in fiscal 2018, bringing in $3.83B of $3.84B (100%).
| Revision of Prior Period | FY 2018 |
|---|---|
| As Reported | $3.83B |
| Adjustments | $3.03M |
| Total | $3.84B |
Flowserve brought in $3.84B from its two revenue lines in fiscal 2018, the year ended December 31, 2018. As Reported was the largest at $3.83B (99.9%), ahead of Adjustments at $3.03M (0.1%).
Non-Guarantor Subsidiaries was Flowserve’s largest revenue line in fiscal 2012, bringing in $3.27B of $4.75B (69%).
| Guarantor Obligations, Nature | FY 2010 | FY 2011 | FY 2012 |
|---|---|---|---|
| Non-Guarantor Subsidiaries | — | — | $3.27B |
| Nonguarantor Subsidiaries | $2.81B | $3.12B | — |
| Guarantor Subsidiaries | $1.52B | $1.74B | $1.83B |
| Eliminations | -$292.71M | -$346.41M | -$354.79M |
| Total | $4.03B | $4.51B | $4.75B |
Flowserve brought in $4.75B from its three revenue lines in fiscal 2012, the year ended December 31, 2012. Flowserve regrouped these revenue lines after fiscal 2011, so the total does not compare directly with that year's $4.51B. Non-Guarantor Subsidiaries was the largest at $3.27B (68.9%), ahead of Guarantor Subsidiaries at $1.83B (38.6%).
Flowserve began breaking out Non-Guarantor Subsidiaries in fiscal 2012, when it brought in $3.27B. Flowserve stopped reporting Nonguarantor Subsidiaries as a separate revenue line after fiscal 2011, when it brought in $3.12B. The total is net of Eliminations, which took $354.79M off revenue in fiscal 2012.
Flowserve (FLS) reports its revenue by segment, by revision of prior period and by guarantor obligations, nature. In fiscal 2025, Aftermarket was its largest segment, bringing in $2.12B (65.6% of the total), followed by Original Equipment at $1.11B (34.4%).
Aftermarket was Flowserve's largest segment in fiscal 2025, bringing in $2.12B, or 65.6% of the $3.23B total across its two segments.
As Reported was Flowserve's largest revenue line in fiscal 2018, bringing in $3.83B, or 99.9% of the $3.84B total across its two revenue lines.
Aftermarket grew faster than Original Equipment in fiscal 2025, up 5.9% from $2.00B to $2.12B. Original Equipment fell 3.6% to $1.11B.
Every figure comes from Flowserve's annual financial filings, as reported. Each line keeps the name Flowserve gives it, and years follow its fiscal calendar.
Flowserve's revenue by segment goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.