FLS vs. WAB: Flowserve vs. Wabtec Stock Comparison

November 11, 2026

How do Flowserve (FLS) and Wabtec (WAB) 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 Wabtec (WAB) both belong to the Machinery industry, though FLS is classified under Industrial Machinery & Supplies & Components while WAB falls under Construction Machinery & Heavy Transportation Equipment.

Company profile comparison for Flowserve (FLS) and Wabtec (WAB)
Profile Item	FLS	WAB
Name	Flowserve Corporation	Wabtec Corporation
Country/Region	United States	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Machinery	Machinery
GICS Sub-Industry	Industrial Machinery & Supplies & Components	Construction Machinery & Heavy Transportation Equipment
Market Capitalization	10.19 billion USD	47.59 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 17, 1980	June 16, 1995
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

FLS

WAB

GSPC

Flowserve (FLS) vs. Wabtec (WAB), 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 Wabtec (WAB). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Flowserve (FLS) and Wabtec (WAB)
Metric	FLS	WAB
Total Return (1Y)	24.11%	44.64%
Total Return (3Y, Annualized)	33.68%	39.37%
Total Return (5Y, Annualized)	22.48%	25.90%

Risk Profile

Drawdown History

FLS

WAB

GSPC

Flowserve (FLS) vs. Wabtec (WAB), 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 Wabtec (WAB). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Flowserve (FLS) and Wabtec (WAB)
Metric	FLS	WAB
Volatility (1Y, Annualized)	42.18%	27.53%
Beta (5Y)	1.24	0.91
Max Drawdown (5Y)	-38.76%	-23.55%
Avg. Volume (3M)	1.61M	890.96K

Risk-Adjusted Performance

Risk-Return Positioning

FLS and WAB 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 Wabtec (WAB)
Metric	FLS	WAB
Sharpe Ratio (1Y)	0.47	1.47
Sortino Ratio (1Y)	0.70	2.34

Profitability

ROE (TTM)

Both Flowserve (FLS) at 11.61% and Wabtec (WAB) at 12.24% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

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%

WAB

Capital Goods industry group

12.24%

Max: 40.55%
Q3: 19.29%
WAB: 12.24%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

Flowserve (FLS) vs. Wabtec (WAB): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

Both Flowserve (FLS) at 5.42% and Wabtec (WAB) at 11.20% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

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%

WAB

Capital Goods industry group

11.20%

Max: 27.47%
Q3: 12.10%
WAB: 11.20%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

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

Operating Margin (TTM)

Wabtec (WAB) at 20.22% 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%

WAB

Capital Goods industry group

20.22%

Max: 36.60%
WAB: 20.22%
Q3: 18.33%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

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

Profitability Metrics

Profitability metrics for Flowserve (FLS) and Wabtec (WAB)
Metric	FLS	WAB
ROE (TTM)	11.61%	12.24%
ROA (TTM)	6.36%	6.28%
Net Margin (TTM)	5.42%	11.20%
Operating Margin (TTM)	13.45%	20.22%
Gross Margin (TTM)	35.30%	36.17%

Growth

Revenue Growth

Both Flowserve (FLS) at 3.76% and Wabtec (WAB) at 7.51% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Flowserve (FLS) vs. Wabtec (WAB): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Flowserve (FLS) at 23.36% and Wabtec (WAB) at 13.08% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Flowserve (FLS) vs. Wabtec (WAB): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Flowserve (FLS) and Wabtec (WAB)
Metric	FLS	WAB
Revenue Growth (YoY)	3.76%	7.51%
Revenue Growth (3Y CAGR)	9.37%	10.12%
EPS Growth (YoY)	23.36%	13.08%
EPS Growth (3Y CAGR)	22.39%	25.44%

Financial Strength

Current Ratio (MRQ)

Flowserve (FLS) at 2.10 keeps current ratio within its industry’s typical mid-range, while Wabtec (WAB) at 1.10 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for WAB.

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

WAB

Capital Goods industry group

1.10

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
WAB: 1.10
Min: 0.36

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

Debt / Equity (MRQ)

Both Flowserve (FLS) at 0.95 and Wabtec (WAB) at 0.60 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

WAB

Capital Goods industry group

0.60

Max: 2.33
Q3: 1.12
WAB: 0.60
Median: 0.60
Q1: 0.29
Min: 0.00

Flowserve (FLS) vs. Wabtec (WAB): 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 Wabtec (WAB)
Metric	FLS	WAB
Current Ratio (MRQ)	2.10	1.10
Debt / Equity (MRQ)	0.95	0.60
Net Debt / EBITDA	2.08	2.28

Dividends

Dividend Yield (TTM)

Both Flowserve (FLS) at 1.11% and Wabtec (WAB) at 0.42% 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%

WAB

Capital Goods industry group

0.42%

Max: 2.66%
Q3: 1.14%
WAB: 0.42%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Wabtec (WAB) at 14.66% pays out a band-typical share of earnings, while Flowserve (FLS) at 43.50% distributes more than its industry norm — less retained, thinner cover.

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%

WAB

Capital Goods industry group

14.66%

Max: 67.39%
Q3: 28.02%
WAB: 14.66%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Flowserve (FLS) and Wabtec (WAB)
Metric	FLS	WAB
Dividend Yield (TTM)	1.11%	0.42%
Dividend Payout Ratio (TTM)	43.50%	14.66%

Valuation

P/E Ratio (TTM)

Wabtec (WAB) at 35.23 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

WAB

Capital Goods industry group

35.23

Max: 59.38
Q3: 35.92
WAB: 35.23
Median: 25.41
Q1: 19.47
Min: 3.03

Flowserve (FLS) vs. Wabtec (WAB): 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 Wabtec (WAB) at 3.90 sits in the pricier quartile — WAB 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

WAB

Capital Goods industry group

3.90

Max: 7.54
WAB: 3.90
Q3: 3.76
Median: 2.15
Q1: 1.03
Min: 0.03

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

P/B Ratio (MRQ)

On P/B ratio, both Flowserve (FLS) at 4.40 and Wabtec (WAB) at 4.20 are valued close to their industries’ norm against book — neither stands out from peers.

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

WAB

Capital Goods industry group

4.20

Max: 9.66
Q3: 5.00
WAB: 4.20
Median: 3.12
Q1: 1.81
Min: -1.08

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

Valuation Metrics

Valuation metrics for Flowserve (FLS) and Wabtec (WAB)
Metric	FLS	WAB
P/E Ratio (TTM)	40.19	35.23
P/S Ratio (TTM)	2.17	3.90
P/B Ratio (MRQ)	4.40	4.20
Free Cash Flow Yield (TTM)	3.62%	2.60%