Flowserve reported $1.21B of remaining performance obligations at 30 Sep 2026, up 22% from a year earlier and up 10% from the previous quarter. That is 0.3 years of trailing revenue already under contract. Book-to-bill last quarter: 1.09.
Net new backlog added in the latest quarter: $106M.
Over the last twelve months it turned about 451% of its opening backlog into revenue (12-month conversion).
Customer prepayments (contract liabilities) cover 27.2% of the backlog.
Twelve-month book-to-bill: 1.05, i.e. 1.05 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: +22 points — orders are running ahead of revenue.
By backlog size it ranks 223rd among US filers the cockpit tracks.
Flowserve backlog history
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter end
Backlog (RPO)
TTM revenue
Coverage
Customer prepayments
30 Sep 2026
$1.21B
$4.70B
0.3 yrs
$329M
30 Jun 2026
$1.11B
$4.63B
0.2 yrs
$294M
31 Mar 2026
$1.02B
$4.65B
0.2 yrs
$269M
31 Dec 2025
$1.05B
$4.73B
0.2 yrs
$275M
30 Sep 2025
$994M
$4.69B
0.2 yrs
$280M
30 Jun 2025
$994M
$4.65B
0.2 yrs
$283M
31 Mar 2025
$962M
$4.61B
0.2 yrs
$285M
31 Dec 2024
$853M
$4.56B
0.2 yrs
$284M
30 Sep 2024
$924M
$4.54B
0.2 yrs
$294M
30 Jun 2024
$775M
$4.50B
0.2 yrs
$293M
31 Mar 2024
$637M
$4.43B
0.1 yrs
$279M
31 Dec 2023
$772M
$4.32B
0.2 yrs
$288M
Questions
What is Flowserve's backlog?
Flowserve reported $1.21B of remaining performance obligations at 30 Sep 2026, up 22% from a year earlier and up 10% from the previous quarter. That is 0.3 years of trailing revenue already under contract. Book-to-bill last quarter: 1.09.
How fast does Flowserve's backlog turn into revenue?
Over the last twelve months Flowserve recognised revenue equal to about 451% of the backlog it started each quarter with.
About these numbers
Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.