Forgent Power Solutions, Inc. (FPS)
Forgent Power Solutions, Inc. specializes in the engineering and manufacturing of electrical power distribution systems. These critical solutions are vital for cutting-edge data centers, extensive power grids, and various energy-demanding industrial environments. The company's comprehensive product line encompasses a wide range of electrical infrastructure, such as different forms of switchgear (including low voltage, medium voltage, and paralleling), a variety of transformers (like low voltage, medium voltage VPI, padmount, PDU, and substation types), power distribution units (PDUs), and specialized enclosures like gear eHouses and UPS eHouses. Their portfolio also includes automatic transfer switches (ATS), generator connection cabinets, panelboards, power skids, remote power panels, switchboards, and tap boxes. Beyond manufacturing, Forgent Power Solutions delivers essential services, including maintenance, testing, repairs, system modernization, start-up and commissioning, and aftermarket retrofit services. Their client base spans key sectors, serving technology companies, power generators, utility providers, and diverse industrial operations. Established in 2023, the firm is based in Dayton, Minnesota.
Sector: Electrical Industrial Apparatus
Industry: Electrical Equipment & Parts
Forgent Power Solutions, Inc.
No splits on record
Nothing in FPS's public trading history: no forward or reverse split has affected the share count.
| Period | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Currency | USD | USD | USD |
| Period Ending | 2026-06-30 | 2025-06-30 | 2024-06-30 |
| Revenue | $1.42B | $753.19M | $181.31M |
| YoY Growth | 88.5% | 315.4% | - |
| Cost of Revenue | $974.68M | $475.12M | $113.57M |
| Gross Profit | $445.38M | $278.07M | $67.74M |
| Gross Margin | 31.4% | 36.9% | 37.4% |
| Research and Development | $0 | $0 | $0 |
| Selling, General, and Administrative | $217.47M | $146.27M | $52.08M |
| Other | $0 | $59.56M | $20.42M |
| Total Operating Expenses | $217.47M | $205.83M | $72.5M |
| Operating Income (EBIT) | $227.9M | $72.24M | -$4.75M |
| Operating Margin | 16.0% | 9.6% | -2.6% |
| Interest Expense | $57.13M | $54.78M | $21.86M |
| Interest Income | $0 | $5.56M | $1.83M |
| Other Income (Expense) | -$100.5M | -$49.45M | -$20.4M |
| Income Before Tax (EBT) | $127.4M | $22.79M | -$25.16M |
| Income Tax Expense | $21.36M | $5.34M | -$5.96M |
| Net Income | $81.84M | $15.2M | -$17.82M |
| Net Income Margin | 5.8% | 2.0% | -9.8% |
| Supplementary Data | |||
| EPS | 0.27 | 0.07 | -0.08 |
| Diluted EPS | 0.27 | 0.07 | -0.08 |
| Weighted Average OS | 304.43M | 230.85M | 230.85M |
| EBITDA | $227.9M | $142.43M | $18M |
| EBITDA Margin | 16.0% | 18.9% | 9.9% |
| Period | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Currency | USD | USD | USD |
| Period Ending | 2026-06-30 | 2025-06-30 | 2024-06-30 |
| Assets | |||
| Current Assets | |||
| Cash and Cash Equivalents | $121.71M | $111.32M | $186.4M |
| Short-Term Investments | $0 | $0 | $0 |
| Cash and Short-Term Investments | $121.71M | $111.32M | $186.4M |
| Accounts Receivable | $349.67M | $159.97M | $81.25M |
| Inventory | $249.82M | $117.58M | $83.12M |
| Other Current Assets | $96.89M | $10.51M | $14.95M |
| Total Current Assets | $818.09M | $445.15M | $387.3M |
| Long-Term Assets | |||
| Property, Plant & Equipment Net | $313.39M | $225.94M | $48.59M |
| Goodwill | $516.63M | $516.63M | $516.63M |
| Intangible Assets | $289.49M | $337.27M | $395.95M |
| Long-Term Investments | $0 | $0 | $0 |
| Deferred Tax Assets | $298.32M | $0 | $0 |
| Other Long-Term Assets | $12.2M | $11.7M | $3.55M |
| Total Long-Term Assets | $1.43B | $1.09B | $964.71M |
| Other Assets | $0 | $0 | $0 |
| Total Assets | $2.25B | $1.54B | $1.35B |
| Liabilities | |||
| Current Liabilities | |||
| Accounts Payable | $130.45M | $61.94M | $26.76M |
| Short-Term Debt | $6M | $5.17M | $5.17M |
| Current Income Tax Payable | $0 | $11.56M | $5.13M |
| Current Unearned Revenue | $0 | $110.89M | $90.15M |
| Other Current Liabilities | $386.21M | $20.36M | $8.26M |
| Total Current Liabilities | $531.29M | $281.66M | $189.45M |
| Long-Term Liabilities | |||
| Long-Term Debt | $576.17M | $496.93M | $499.98M |
| Long-Term Unearned Revenue | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $17.34M | $63.32M | $53.42M |
| Other Long-Term Liabilities | $338.93M | $0 | $0 |
| Total Long-Term Liabilities | $1.05B | $681.74M | $569.61M |
| Other Liabilities | $0 | $0 | $0 |
| Total Liabilities | $1.58B | $963.4M | $759.06M |
| Stockholders' Equity | |||
| Preferred Stock | $0 | $0 | $0 |
| Common Stock | $3K | $0 | $0 |
| Retained Earnings | $79.32M | $0 | $0 |
| Comprehensive Income & Other | $0 | $0 | $0 |
| Other Stockholders' Equity | $484.99M | $374.53M | $517.95M |
| Total Equity | $564.32M | $374.53M | $517.95M |
| Minority Interest | $107.08M | $198.75M | $75M |
| Total Liabilities and Equity | $2.14B | $1.34B | $1.28B |
| Supplementary Data | |||
| Total Debt | $703.77M | $630.48M | $523.37M |
| Net Debt | $582.06M | $519.15M | $336.98M |
| Period | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Currency | USD | USD | USD |
| Period Ending | 2026-06-30 | 2025-06-30 | 2024-06-30 |
| Operating Activities | |||
| Net Income | $81.84M | $17.45M | -$19.2M |
| Depreciation & Amortization | $0 | $64.86M | $21.3M |
| Deferred Income Tax | $0 | -$15.73M | -$9.84M |
| Stock-Based Compensation | $0 | $1.78M | $653K |
| Changes in Working Capital: | |||
| Accounts Receivable | -$172.66M | -$78.51M | -$4.42M |
| Inventory | -$142.91M | -$34.47M | -$3.26M |
| Accounts Payable | $68.51M | $35.18M | $7.83M |
| Other Working Capital | $122.54M | $43.79M | -$2.98M |
| Total Working Capital Change | -$124.52M | -$34M | -$2.82M |
| Other Non-Cash Items | $128.3M | $10.66M | $5.27M |
| Net Cash from Operating | $85.63M | $45.02M | -$4.63M |
| Investing Activities | |||
| Capital Expenditures | -$115.91M | -$84.11M | -$2.91M |
| Acquisitions | $0 | $0 | -$741.74M |
| Purchases of Investments | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 |
| Net Cash from Investing | -$115.91M | -$84.11M | -$744.65M |
| Financing Activities | |||
| Debt Repaid | -$67.92M | $5.17M | -$516.28M |
| Common Stock Issuance | $0 | $0 | $436.45M |
| Common Stock Repurchases | $0 | $0 | $0 |
| Dividends Paid | -$1.44M | -$13.27M | $0 |
| Other Financing Activities | -$25.81M | -$17.54M | -$17.06M |
| Net Cash from Financing | $40.67M | -$35.98M | $935.68M |
| Forex Effect | $0 | $0 | $0 |
| Net Change in Cash | $10.39M | -$75.07M | $186.4M |
| Supplementary Data | |||
| Operating Cash Flow | $85.63M | $45.02M | -$4.63M |
| Capital Expenditure | -$115.91M | -$84.11M | -$2.91M |
| Free Cash Flow | -$30.28M | -$39.09M | -$7.54M |
| Cash at Beginning | $111.32M | $186.4M | $0 |
| Cash at End | $121.71M | $111.32M | $186.4M |