Forgent Power Solutions, Inc. (FPS)

Forgent Power Solutions, Inc. engages in the design and manufacture of electrical distribution equipment used in data centers, the power grid, and energy-intensive industrial facilities. The company's products include dry type transformers, liquid filled transformers, switchgear, switchboards, panelboards, remote power panels, generator connection cabinets, tap boxes, automatic transfer switches, gear ehouses, power skids, power distribution units, and ups ehouses. It also provides maintenance, testing, repair, modernization, start-up and commissioning and aftermarket retrofit services. It serves technology, power, utility and industrial companies. The company was founded in 2023 and is based in Dayton, Minnesota.

Ticker: FPS
Exchange: NYSE
Sector: Industrials
Industry: Electrical Equipment & Parts
Market cap: $5.93B
52-week range: $17.67 - $66.00

Valuation

Share price: $19.48 (close of Nov 6, 2026)
P/E (TTM): 58.17x
Price to book: 8.83x
Price to free cash flow: -869.03x
Enterprise value: $6.54B
Book value per share: $2.21

Price performance

Period	Change
1 day	+6.97%
5 days	-24.53%
1 month	-52.89%
3 months	-48.36%
6 months	-54.36%
All time	-32.83%

Short interest

As of: Oct 15, 2026
Short % of float: 6.68%
Shares short: 12.78M
Days to cover: 1.67
Change since prior report: -10.04%
Source: FINRA consolidated short interest

Profitability and growth

Return on equity: 12.19%
Return on invested capital: 11.72%
Return on assets: 3.67%
Return on capital employed: 10.74%
Gross margin: 35.04%
Net margin: 5.76%
EBITDA margin: 17.56%
Revenue growth: 88.54%

Cash flow and balance sheet

Free cash flow yield (TTM): -0.12%
Current ratio: 1.54x
Net debt to EBITDA: 2.45x

Latest reported year

Period end: Jun 30, 2026
Fiscal year: 2026
Revenue: $1.42B
Cost of revenue: $922.46M
Gross profit: $497.60M
EBITDA: $249.39M
Net income: $81.84M
Earnings per share: $0.34
Interest expense: $57.13M
Shares outstanding: 243.53M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2026-06-30	$1.42B	$497.60M	$81.84M	$0.34
2025-06-30	$753.19M	$278.07M	$15.20M	$0.07

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2026-06-30	35.04%	5.76%	12.19%	11.72%
2025-06-30	36.92%	2.02%	2.65%	5.56%

Cash and debt by year

Period end	Cash	Debt
2026-06-30	$97.48M	$576.17M
2025-06-30	$111.32M	$496.93M

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2026-06-30	-$6.82M	$10.04M
2025-06-30	-$39.09M	$1.78M

Investor relations

Next earnings report

Next confirmed report: Nov 12, 2026
Consensus EPS estimate: $0.18

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-09-15	Jun 2026	$0.22
2026-03-16	Dec 2025	$0.12

Filings and sources

Company website: forgentpower.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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Price-to-earnings ratio · Short interest · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

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