Friday 6 November 2026
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Forgent Power Solutions, Inc.
FPS Industrials Electrical Equipment & Parts
Forgent Power Solutions, Inc.’s revenue for fiscal 2026 (year ended June 2026) was $1.4 billion, up 88.5% from fiscal 2025.
- Revenue
- +94.3%
- Free cash flow
- +188.3%
- Total debt
- +15.9%
Quarter to June 2026, against a year earlier
18.27
4.17
−18.58%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to June
| Ten-year view | Analyst estimates Powerpack | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Trend | 10 yrs | 2027e | 2028e | 2029e | Next 3/yr |
| Income, $m | |||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | 181 | 753 | 1,420 | +179.9% | 2,543 | 3,407 | 4,507 | +47.0% | |
| Gross margin, % | — | — | — | — | — | — | — | 37.36 | 36.92 | 35.04 | (2.3) pt | ||||||
| EBT | — | — | — | — | — | — | — | (25) | 23 | 127 | n/m | ||||||
| EBT margin, % | — | — | — | — | — | — | — | (13.88) | 3.03 | 8.97 | +22.9 pt | ||||||
| Net income | — | — | — | — | — | — | — | (19) | 17 | 106 | n/m | ||||||
| Per share, $ | |||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | n/m | |||||
| Earnings | — | — | — | — | — | — | — | — | — | 0.27 | — | ||||||
| Cash flow | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | n/m | ||||||
| Capex | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | n/m | ||||||
| Free cash flow | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | n/m | ||||||
| Book value | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | n/m | ||||||
| Shares, m | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Valuation, × | |||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | — | — | — | — | |||||
| P/S | — | — | — | — | — | — | — | 0.00 | 0.00 | 9.19 | 3.1 | ||||||
| P/B | — | — | — | — | — | — | — | 0.00 | 0.00 | 19.45 | 6.5 | ||||||
| EV/Sales | — | — | — | — | — | — | — | 0.48 | 0.48 | 9.54 | 3.5 | ||||||
| EV/FCF | — | — | — | — | — | — | — | (3.83) | (3.83) | (1,984.34) | (664.0) | ||||||
| Cash, $m | |||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | — | — | (5) | 45 | 109 | n/m | |||||
| Capex | — | — | — | — | — | — | — | (3) | (84) | (116) | +531.4% | ||||||
| Free cash flow | — | — | — | — | — | — | — | (8) | (39) | (7) | (4.8%) | ||||||
| Balance, $m | |||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | — | — | 198 | 163 | 287 | +20.4% | |||||
| Net debt | — | — | — | — | — | — | — | 319 | 391 | 485 | +23.3% | ||||||
| Shareholders’ equity | — | — | — | — | — | — | — | 593 | 573 | 671 | +6.4% | ||||||
| Returns, % | |||||||||||||||||
| Returns, % | ROA | — | — | — | — | — | — | — | 0.00 | 1.05 | 4.34 | +4.3 pt | |||||
| ROIC | — | — | — | — | — | — | — | (0.33) | 4.68 | 9.87 | +10.2 pt | ||||||
| ROE | — | — | — | — | — | — | — | 0.00 | 2.61 | 13.15 | +13.2 pt | ||||||
| People | |||||||||||||||||
| People | Employees | — | — | — | — | — | — | — | — | 2,000 | 3,450 | +72.5% | |||||
| Revenue/emp, $m | — | — | — | — | — | — | — | 0.00 | 0.38 | 0.41 | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Jun 2026 · latest quarter Jun 2026 · fundamentals updated 2 Oct 2026
Business profile
Where the money comes from and where it goes Fiscal 2026
| Reportable Segment | 1,420 | 100.00% |
|---|---|---|
| Gross margin | 35.04% | |
| Operating margin | 12.85% | |
| Pre-tax margin | 8.97% |
Forgent Power Solutions, Inc. vs peers in Electrical Equipment & Parts (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| HUBB Hubbell Inc | $22.1B | 24.5× | 24.4× | +24.63% (above 0%: growing) | +4.21% (above 0%: growing) | +10.48% (above 0%: growing) | 36.75% | 21.83% | Compare |
| NVT nVent Electric PLC | $15.9B | 23.5× | 28.0× | +43.73% (above 0%: growing) | +66.67% (above 0%: growing) | +33.08% (above 0%: growing) | 35.84% | 18.63% | Compare |
| AYI Acuity, Inc. | $9.6B | 18.4× | 18.4× | +2.92% (above 0%: growing) | +55.53% (above 0%: growing) | +61.06% (above 0%: growing) | 53.85% | 18.24% | Compare |
| AEIS Advanced Energy Industries, Inc. | $7.5B | 25.4× | 26.9× | +50.31% (above 0%: growing) | +134.96% (above 0%: growing) | −33.07% (below 0%: shrinking) | 41.51% | 20.56% | Compare |
| FPS Forgent Power Solutions, Inc. | $5.5B | — | — | +94.30% (above 0%: growing) | — | +188.32% (above 0%: growing) | 36.11% | 19.91% | |
| ENS Enersys | $5.1B | 14.9× | 14.3× | +4.77% (above 0%: growing) | +115.54% (above 0%: growing) | +881.05% (above 0%: growing) | 33.49% | 16.18% | Compare |
| POWL Powell Industries, Inc. | $4.6B | 24.1× | 29.1× | +8.90% (above 0%: growing) | +7.25% (above 0%: growing) | +121.73% (above 0%: growing) | 30.57% | 20.55% | Compare |
| HAYW Hayward Holdings, Inc. | $3.4B | 20.5× | 22.2× | +6.47% (above 0%: growing) | +38.91% (above 0%: growing) | −51.02% (below 0%: shrinking) | 47.92% | 19.30% | Compare |
| PLUG Plug Power, Inc. | $1.9B | — (loss-making) | — (loss-making) | +2.49% (above 0%: growing) | n/m | +56.89% (above 0%: growing) | (0.94%) | (35.96%) | Compare |
| Median of peers | $6.3B | 23.5× | 24.4× | +7.69% | +55.53% | +44.98% | 36.30% | 18.96% |
From the latest earnings call
- CEO Gary Niederpruem said fiscal year-end backlog reached $3 billion, with Powertrain Solutions accounting for approximately 40% of it.
- Niederpruem said Forgent plans a new Powertrain Solutions facility in Tijuana, expected to come online in the fourth quarter of fiscal 2027.
Largest institutional holders 13F, quarter to 30 June 2026
Held by institutions
55.88%
Held by the ten largest
27.78%
| Holder | Shares | Stake | Change |
|---|---|---|---|
| COATUE MANAGEMENT LLC | 20.50m | 6.73% | +20.50m |
| Vanguard | 11.59m | 3.81% | +4.20m |
| Fidelity (FMR) | 10.51m | 3.45% | +1.96m |
| Jupiter Topco | 8.46m | 2.78% | +8.46m |
| Invesco | 7.14m | 2.35% | +982.06k |
| BlackRock | 6.67m | 2.19% | +1.56m |
| UBS | 6.06m | 1.99% | +3.73m |
| Franklin Templeton | 5.16m | 1.69% | +1.68m |
| Jericho Capital Asset Management L.P. | 4.43m | 1.45% | +4.43m |
| BAMCO INC /NY/ | 4.07m | 1.34% | −602.01k |
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.
Forgent Power Solutions, Inc. (FPS) Latest News
23 Oct
22 Oct
17 Sep
16 Sep
15 Sep
FPS metrics, ten years each
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Book value per share
Forgent Power Solutions designs and manufactures electrical distribution equipment: the systems and components that move electricity from its source to equipment inside a facility. Its products are used in data centers, utility grids and energy-intensive industrial facilities. Gary Niederpruem is its chief executive officer.
Its equipment includes transformers, which change voltage; switchgear and switchboards, which control and protect electrical circuits; automatic transfer switches; and power distribution units. Forgent also makes prefabricated electrical houses and power skids, which bring equipment together before delivery to a site.