Risk Sleuth
FLS · 10-K filed 17 Feb 2026 · year to 31 Dec 2025

Flowserve

29 named things its latest annual report says its results depend on, each in the company's own words. 24 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Other companies

Chemical industry

earns from · 19%named as a risk
For example, our chemical customers generally tend to reduce their spending on capital investments and operate their facilities at lower levels in a soft economic environment, which reduces demand for our products and services.Risk factors (Item 1A)

Also named by CLH

Energy industry (oil and gas)

earns from · 33%named as a risk
Additionally, fluctuating energy demand forecasts and lingering uncertainty concerning commodity pricing, specifically the price of oil, have caused, and may in the future cause, our customers to be more conservative in their capital planning, reducing demand for our products and services.Risk factors (Item 1A)

Power generation industry

earns from · 14%
Energy transition as well as the more recent build-out of data centers to power artificial intelligence have also resulted in increased demand for our products and services as customers and geographies look to secure more independent sources of energy.Business (Item 1)

Nuclear power generation industry

earns from
Concerning the products we supply to customers in the nuclear power generation industry, suppliers of raw materials for nuclear power generation markets must be qualified to meet the requirements of nuclear industry standards and governmental regulations.Business (Item 1)

Competitors

Emerson Electric Co.

competes with
Some of the largest valve industry competitors include Emerson Electric Co., Cameron International Corp. (a Schlumberger company), Baker Hughes, Rotork plc, Valmet, IMI Plc and Crane Co.Business (Item 1)

Also named by ROK, WHR

Sulzer Pumps

competes with
Some of our largest industry competitors include: Sulzer Pumps; Ebara Corp.; Eagle Burgmann, which is a joint venture of two traditional global seal manufacturers; John Crane Inc., a unit of Smiths Group Plc; Weir Group Plc.; ITT Industries; and KSB SE & Co. KGaA.Business (Item 1)

Places

Europe

operates in · approximately 5,500 of our associates
Our products are currently manufactured in 18 principal manufacturing facilities, seven of which are located in Europe, five located in the United States, five located in Asia Pacific and one located in Latin America.Business (Item 1)

Also named by ADSK, AME, AMRC, ATR, BCSF, BKNG, BMI, BMY and 60 more

China

depends onnamed as a risk
Additionally, increasing tensions between the United States and China may result in further restrictions or actions by the U.S. government with respect to doing business in China or by the Chinese government with respect to business conducted by foreign entities in China, which could impact certain of our manufacturing operations, as well as supply for our raw materials and components.Risk factors (Item 1A)

Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more

India

depends onnamed as a risk
Moreover, we primarily source certain of our manufacturing and engineering functions, raw materials and components from China, Eastern Europe, India and Latin America.Risk factors (Item 1A)

Also named by A, AAPL, ACN, AJG, AKAM, AMZN, AOS, AVGO and 54 more

Russia

named as a risk
As a result of this conflict, including the aforementioned sanctions and overall instability in the region, in March 2022 we permanently ceased all Company operations in Russia.Risk factors (Item 1A)

Also named by ALSN, ATR, AVY, AXP, BKR, BSX, C, CDNA and 50 more

Middle East (Israel-Hamas war)

operates innamed as a risk
We have experienced logistics disruptions as a result of the Israel-Hamas war that have increased expenses and delayed import of our products in the region.Risk factors (Item 1A)

Also named by BKR, CAG, CINF, CPB, CTAS, GAIN, J, JPM and 10 more

Venezuela

named as a risk
Similarly, military conflicts in Russia/Ukraine, the Middle East, Asia and North Africa, as well as the current and developing geopolitical tensions between the United States and Venezuela, could soften the level of capital investment and demand for our products and services.Risk factors (Item 1A)

Also named by BKR, CL, COP, CRC, CVX, EME, JNJ, PBF and 3 more

Latin America

depends onnamed as a risk
Moreover, we primarily source certain of our manufacturing and engineering functions, raw materials and components from China, Eastern Europe, India and Latin America.Risk factors (Item 1A)

Also named by AMT, DCI, DOW, EZPW, MCO, SNEX, SOFI, UBER and 2 more

Eastern Europe

depends onnamed as a risk
Moreover, we primarily source certain of our manufacturing and engineering functions, raw materials and components from China, Eastern Europe, India and Latin America.Risk factors (Item 1A)

Saudi Arabia

operates in
We have five unconsolidated joint ventures that are located in Chile, India, Saudi Arabia, South Korea and the United Arab Emirates, where a portion of our products are manufactured, assembled or serviced in these territories.Business (Item 1)

Also named by APD, IEX, SNOW

Commodities and inputs

Euro

exposed to its price · $146.6 millionnamed as a risk
The net income in 2025 was primarily due to foreign currency translation adjustments resulting primarily from exchange rate movements of the Euro, British pound and Mexican peso versus the U.S. dollar at December 31, 2025 as compared with 2024.Market risk (Item 7A)

Also named by ABBV, ABNB, ABT, ADBE, ADI, AME, AMG, AMGN and 186 more

Crude oil

exposed to its pricenamed as a risk
An economic slowdown or recession in the United States or in any other country that significantly affects the supply of or demand for oil or natural gas could negatively impact our operations and therefore adversely affect our results.Risk factors (Item 1A)

Also named by AESI, ALK, APA, ARLP, BDX, CFR, CL, CLMT and 48 more

Copper

exposed to its pricenamed as a risk
While we cannot be certain that reported backlog will be indicative of future results, our ability to accurately value our backlog can be adversely affected by numerous factors, including the health of our customers' businesses and their access to capital, volatility in commodity prices (e.g., copper, nickel, stainless steel) and economic uncertainty.Risk factors (Item 1A)

Also named by AAON, AGX, AMKR, APG, APH, APLD, BMI, BWA and 58 more

Nickel

exposed to its pricenamed as a risk
For example, in recent years, the prices for energy, metal alloys, nickel, and certain other of our raw materials have been volatile.Risk factors (Item 1A)

Also named by ALSN, ATI, BWA, CRS, HON, HWM, LNG, MOD and 4 more

Argentine peso

exposed to its pricenamed as a risk
Certain of the foreign currencies to which we have exposure, such as the Argentine peso, have undergone significant devaluation in the past, which reduce the value of our local monetary assets, reduce the U.S. dollar value of our local cash flow, generate local currency losses that may impact our ability to pay future dividends from our subsidiary to the parent company and potentially reduce the U.S. dollar value of future local net income.Risk factors (Item 1A)

Also named by AES, CTVA, DOW, MELI, NFLX, SHW

Stainless steel

exposed to its pricenamed as a risk
While we cannot be certain that reported backlog will be indicative of future results, our ability to accurately value our backlog can be adversely affected by numerous factors, including the health of our customers' businesses and their access to capital, volatility in commodity prices (e.g., copper, nickel, stainless steel) and economic uncertainty.Risk factors (Item 1A)

Also named by RS, STE, WTS

Regulators

U.S. export controls (Bureau of Industry and Security)

subject tonamed as a risk
Licenses are required from U.S. and other government agencies to export certain products.Business (Item 1)

Also named by ADI, DD, FTNT, HPE, MDB, NVT, PANW, Q and 1 more

Laws and programs

Superfund (CERCLA)

subject to · five Superfund sitesnamed as a risk
In addition, we have been identified as one of many PRPs at five Superfund sites.Risk factors (Item 1A)

Also named by ABBV, ABT, AMD, CRS, ED, IR, KVUE, MO and 4 more

U.S. Section 232 steel and aluminum tariffs

subject to · 50% tariffsnamed as a risk
For example, in 2025, the United States expanded and increased existing tariffs on steel and aluminum, imposing 50% tariffs on steel, aluminum, and products containing steel and aluminum from a range of U.S. trading partners.Risk factors (Item 1A)

Also named by ESAB, IR, LRCX, RS, SON, VMI, WES

U.S. tariffs

subject tonamed as a risk
During 2025, our operating costs were impacted by U.S. tariffs and other relative inflationary pressures.Business (Item 1)

Also named by A, AAPL, ACHR, ADI, AEHR, AEP, AIOT, AKAM and 170 more

U.S. Foreign Corrupt Practices Act (FCPA)

subject tonamed as a risk
Violation of the FCPA or other similar anti-bribery laws or regulations, whether due to our or others' actions or inadvertence, could subject us to civil and criminal penalties or other sanctions that could have a material adverse impact on our business, financial condition, results of operations and cash flows.Risk factors (Item 1A)

Also named by A, ADBE, ADP, AIR, AJG, ALB, AME, AMZN and 112 more

General Data Protection Regulation (GDPR)

subject tonamed as a risk
Compliance with GDPR, new state laws, and other current and future applicable U.S. and international privacy, data protection, cybersecurity, artificial intelligence and other data-related laws can be costly and time-consuming; any failure to comply with these regulatory standards could subject us to legal and reputational risks, including proceedings against the Company by governmental entities or others, fines and penalties, damage to our reputation and credibility and could have a negative impact on our business and results of operations.Risk factors (Item 1A)

Also named by A, AB, ABNB, ADBE, ADP, AGX, AIOT, AJG and 100 more

United States-Mexico-Canada Agreement (USMCA)

subject tonamed as a risk
In addition, there have been changes and uncertainty with respect to trade agreements, including the United States-Mexico-Canada Agreement, and more changes may be forthcoming under the current U.S. administration.Risk factors (Item 1A)

Also named by AYI, BMI, BWA, CLF, CMI, CP, CW, DCH and 29 more

Corporate Sustainability Reporting Directive (CSRD)

subject tonamed as a risk
The new reporting obligations under the CSRD require in-scope companies to provide expansive disclosures on various sustainability topics including climate change, biodiversity, workforce, supply chain, and business ethics, all of which will significantly increase our reporting obligations and costs of compliance.Risk factors (Item 1A)

Also named by ARCC, FLR, GTX, HSIC, JLL, NVT, SNA, SYY