A self-compensating fiber optic flow sensor system based on the principle of broadband white-light interferometers and cantilever beam bending is described. The fiber optic sensor system uses two fiber ferrule sensors that are bonded on either side of a cantilever beam to measure the flow rate by monitoring the air-gap changes caused by the bending of the cantilever beam. Cross sensitivity of the temperature and pressure dependence of the sensor can be compensated for automatically. The prototype sensor system was constructed, laboratory characterized, and field tested. The results from the field testing have demonstrated high resolution, repeatability, and stability for on-line detection of the flow rates of fluids.