FLS vs. TT: Flowserve vs. Trane Technologies Stock Comparison

November 11, 2026

How do Flowserve (FLS) and Trane Technologies (TT) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Flowserve (FLS) and Trane Technologies (TT) both fall under the Capital Goods industry group, but FLS is classified in Machinery while TT is classified in Building Products.

Company profile comparison for Flowserve (FLS) and Trane Technologies (TT)
Profile Item	FLS	TT
Name	Flowserve Corporation	Trane Technologies plc
Country/Region	United States	Ireland
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Machinery	Building Products
GICS Sub-Industry	Industrial Machinery & Supplies & Components	Building Products
Market Capitalization	10.19 billion USD	87.94 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 17, 1980	March 17, 1980
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

FLS

GSPC

Flowserve (FLS) vs. Trane Technologies (TT), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Flowserve (FLS) and Trane Technologies (TT). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Flowserve (FLS) and Trane Technologies (TT). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Flowserve (FLS) and Trane Technologies (TT)
Metric	FLS	TT
Total Return (1Y)	24.11%	-2.56%
Total Return (3Y, Annualized)	33.68%	25.06%
Total Return (5Y, Annualized)	22.48%	18.70%

Risk Profile

Drawdown History

FLS

GSPC

Flowserve (FLS) vs. Trane Technologies (TT), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Flowserve (FLS) and Trane Technologies (TT). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Flowserve (FLS) and Trane Technologies (TT)
Metric	FLS	TT
Volatility (1Y, Annualized)	42.18%	30.26%
Beta (5Y)	1.24	1.18
Max Drawdown (5Y)	-38.76%	-39.76%
Avg. Volume (3M)	1.61M	1.24M

Risk-Adjusted Performance

Risk-Return Positioning

FLS and TT are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Flowserve (FLS) and Trane Technologies (TT)
Metric	FLS	TT
Sharpe Ratio (1Y)	0.47	-0.23
Sortino Ratio (1Y)	0.70	-0.31

Profitability

ROE (TTM)

Trane Technologies (TT) at 36.94% sits in the top ROE quartile, while Flowserve (FLS) at 11.61% is closer to the peer norm — stronger capital efficiency for TT.

FLS

Capital Goods industry group

11.61%

Max: 40.55%
Q3: 19.29%
Median: 12.12%
FLS: 11.61%
Q1: 4.08%
Min: -17.12%

TT

Capital Goods industry group

36.94%

Max: 40.55%
TT: 36.94%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

Flowserve (FLS) vs. Trane Technologies (TT): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

Trane Technologies (TT) at 13.56% retains a top-quartile share of revenue as profit, ahead of Flowserve (FLS) at 5.42%, which keeps about the industry-typical share.

FLS

Capital Goods industry group

5.42%

Max: 27.47%
Q3: 12.10%
Median: 6.30%
FLS: 5.42%
Q1: 1.40%
Min: -12.89%

TT

Capital Goods industry group

13.56%

Max: 27.47%
TT: 13.56%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

Flowserve (FLS) vs. Trane Technologies (TT): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Trane Technologies (TT) at 19.85% operates in the top operating margin quartile, ahead of Flowserve (FLS) at 13.45%, which runs around its industry’s norm.

FLS

Capital Goods industry group

13.45%

Max: 36.60%
Q3: 18.33%
FLS: 13.45%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

TT

Capital Goods industry group

19.85%

Max: 36.60%
TT: 19.85%
Q3: 18.33%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

Flowserve (FLS) vs. Trane Technologies (TT): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Flowserve (FLS) and Trane Technologies (TT)
Metric	FLS	TT
ROE (TTM)	11.61%	36.94%
ROA (TTM)	6.36%	11.42%
Net Margin (TTM)	5.42%	13.56%
Operating Margin (TTM)	13.45%	19.85%
Gross Margin (TTM)	35.30%	34.99%

Growth

Revenue Growth

Both Flowserve (FLS) at 3.76% and Trane Technologies (TT) at 7.48% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Flowserve (FLS) vs. Trane Technologies (TT): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Flowserve (FLS) at 23.36% and Trane Technologies (TT) at 15.48% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Flowserve (FLS) vs. Trane Technologies (TT): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Flowserve (FLS) and Trane Technologies (TT)
Metric	FLS	TT
Revenue Growth (YoY)	3.76%	7.48%
Revenue Growth (3Y CAGR)	9.37%	10.06%
EPS Growth (YoY)	23.36%	15.48%
EPS Growth (3Y CAGR)	22.39%	20.17%

Financial Strength

Current Ratio (MRQ)

Flowserve (FLS) at 2.10 keeps current ratio within its industry’s typical mid-range, while Trane Technologies (TT) at 1.12 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for TT.

FLS

Capital Goods industry group

2.10

Max: 5.22
Q3: 2.95
FLS: 2.10
Median: 2.08
Q1: 1.43
Min: 0.36

TT

Capital Goods industry group

1.12

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
TT: 1.12
Min: 0.36

Flowserve (FLS) vs. Trane Technologies (TT): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Both Flowserve (FLS) at 0.95 and Trane Technologies (TT) at 0.46 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

FLS

Capital Goods industry group

0.95

Max: 2.33
Q3: 1.12
FLS: 0.95
Median: 0.60
Q1: 0.29
Min: 0.00

TT

Capital Goods industry group

0.46

Max: 2.33
Q3: 1.12
Median: 0.60
TT: 0.46
Q1: 0.29
Min: 0.00

Flowserve (FLS) vs. Trane Technologies (TT): A comparison of their debt-to-equity ratio against the Capital Goods industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Flowserve (FLS) and Trane Technologies (TT)
Metric	FLS	TT
Current Ratio (MRQ)	2.10	1.12
Debt / Equity (MRQ)	0.95	0.46
Net Debt / EBITDA	2.08	0.66

Dividends

Dividend Yield (TTM)

Both Flowserve (FLS) at 1.11% and Trane Technologies (TT) at 1.04% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

FLS

Capital Goods industry group

1.11%

Max: 2.66%
Q3: 1.14%
FLS: 1.11%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

TT

Capital Goods industry group

1.04%

Max: 2.66%
Q3: 1.14%
TT: 1.04%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

Flowserve (FLS) vs. Trane Technologies (TT): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

Both Flowserve (FLS) at 43.50% and Trane Technologies (TT) at 28.42% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

FLS

Capital Goods industry group

43.50%

Max: 67.39%
FLS: 43.50%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

TT

Capital Goods industry group

28.42%

Max: 67.39%
TT: 28.42%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

Flowserve (FLS) vs. Trane Technologies (TT): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for Flowserve (FLS) and Trane Technologies (TT)
Metric	FLS	TT
Dividend Yield (TTM)	1.11%	1.04%
Dividend Payout Ratio (TTM)	43.50%	28.42%

Valuation

P/E Ratio (TTM)

Trane Technologies (TT) at 27.92 is near its industry’s usual P/E ratio, while Flowserve (FLS) at 40.19 sits in the richer quartile — FLS needs stronger growth or earnings quality to justify the premium.

FLS

Capital Goods industry group

40.19

Max: 59.38
FLS: 40.19
Q3: 35.92
Median: 25.41
Q1: 19.47
Min: 3.03

TT

Capital Goods industry group

27.92

Max: 59.38
Q3: 35.92
TT: 27.92
Median: 25.41
Q1: 19.47
Min: 3.03

Flowserve (FLS) vs. Trane Technologies (TT): A comparison of their P/E ratio against the Capital Goods industry group benchmark.

P/S Ratio (TTM)

Flowserve (FLS) at 2.17 is priced about in line with its industry on P/S ratio, while Trane Technologies (TT) at 3.79 sits in the pricier quartile — TT costs more per dollar of sales.

FLS

Capital Goods industry group

2.17

Max: 7.54
Q3: 3.76
FLS: 2.17
Median: 2.15
Q1: 1.03
Min: 0.03

TT

Capital Goods industry group

3.79

Max: 7.54
TT: 3.79
Q3: 3.76
Median: 2.15
Q1: 1.03
Min: 0.03

Flowserve (FLS) vs. Trane Technologies (TT): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

Flowserve (FLS) at 4.40 is valued about in line with its industry on P/B ratio, while Trane Technologies (TT) at 9.66 carries an above-peer premium to book — TT is pricier on assets.

FLS

Capital Goods industry group

4.40

Max: 9.66
Q3: 5.00
FLS: 4.40
Median: 3.12
Q1: 1.81
Min: -1.08

TT

Capital Goods industry group

9.66

TT: 9.66
Max: 9.66
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

Flowserve (FLS) vs. Trane Technologies (TT): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Flowserve (FLS) and Trane Technologies (TT)
Metric	FLS	TT
P/E Ratio (TTM)	40.19	27.92
P/S Ratio (TTM)	2.17	3.79
P/B Ratio (MRQ)	4.40	9.66
Free Cash Flow Yield (TTM)	3.62%	3.94%