FRANKLIN TEMPLETON INC BEN
Franklin Resources, Inc. ("Franklin") is a holding company with subsidiaries operating under our Franklin Templeton® and/or subsidiary brand names. Franklin's common stock is traded on the New York Stock Exchange (the "NYSE") under the ticker symbol "BEN" and is included in the Standard & Poor's 500 Index. In this Annual Report, Franklin and its subsidiaries are collectively referred to as the "Company," and words such as "we," "us," "our" and similar terms refer to the Company. We have one operating segment, investment management and related services.
We offer our services and products under our various distinct brand names, including, but not limited to, Alcentra®, Apera®, Benefit Street Partners®, Brandywine Global Investment Management®, Canvas®, Clarion Partners®, ClearBridge Investments®, Fiduciary Trust International™, Franklin®, Franklin Mutual Series®, K2®, Legg Mason®, Lexington Partners®, O'Shaughnessy®, Putnam®, Royce®, Templeton® and Western Asset Management Company®. Unless otherwise indicated, our "funds" means the funds offered under our various brand names, which may include co-branded funds.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.77B | $8.48B | $7.85B | $8.28B | $8.43B | $5.57B | $5.67B | $6.20B | $6.39B | $6.62B |
| SG&A | $774.5M | $703.3M | $565.0M | $564.9M | $537.2M | $450.3M | $391.4M | $371.7M | $322.2M | $340.1M |
| Total operating expenses | $8.17B | $8.07B | $6.75B | $6.50B | $6.55B | $4.52B | $4.20B | $4.18B | $4.13B | $4.25B |
| Operating income | $604.1M | $407.6M | $1.10B | $1.77B | $1.88B | $1.05B | $1.47B | $2.03B | $2.26B | $2.37B |
| Interest expense | $94.9M | $97.2M | $123.7M | $98.2M | $85.4M | $33.4M | $22.4M | $46.3M | $51.5M | $49.9M |
| Pre-tax income | $786.8M | $823.2M | $1.34B | $1.73B | $2.44B | $1.02B | $1.65B | $2.22B | $2.55B | $2.50B |
| Income tax | $237.9M | $215.3M | $312.3M | $396.2M | $349.6M | $230.8M | $442.3M | $1.47B | $759.4M | $742.1M |
| Net income | $524.9M | $464.8M | $882.8M | $1.29B | $1.83B | $798.9M | $1.20B | $764.4M | $1.70B | $1.73B |
| EPS, basic | 0.91 | 0.85 | 1.72 | 2.53 | 3.58 | 1.59 | 2.35 | 1.39 | 3.01 | 2.94 |
| EPS, diluted | 0.91 | 0.85 | 1.72 | 2.53 | 3.57 | 1.59 | 2.35 | 1.39 | 3.01 | 2.94 |
| Shares, diluted (wtd. avg.) | $517.4M | $510.3M | $490.8M | $489.3M | $490.6M | $492.4M | $504.3M | $538.0M | $559.1M | $583.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $3.57B | $4.41B | $4.40B | $4.78B | $4.65B | $3.99B | $6.21B | $6.91B | $8.75B | $8.48B |
| Property, plant and equipment | $949.1M | $946.4M | $800.1M | $743.3M | $770.0M | $813.8M | $683.7M | $535.0M | $517.2M | $523.2M |
| Goodwill | $6.21B | $6.21B | $6.00B | $5.78B | $4.46B | $4.50B | $2.13B | $1.79B | $1.69B | $1.66B |
| Other intangibles | $4.17B | $4.80B | $4.90B | $5.08B | $4.71B | $4.91B | $864.2M | $7.9M | $6.5M | $19.2M |
| Total assets | $32.37B | $32.46B | $30.12B | $28.06B | $24.17B | $21.68B | $14.53B | $14.38B | $17.53B | $16.10B |
| Long-term debt | $2.36B | $2.78B | $3.05B | $3.38B | $3.40B | $2.00B | $696.9M | $695.9M | $1.04B | $1.40B |
| Total liabilities | $18.18B | $17.90B | $16.55B | $14.24B | $11.42B | $10.27B | $3.16B | $3.13B | $2.66B | $3.51B |
| Retained earnings | $11.52B | $11.93B | $12.38B | $12.05B | $11.55B | $10.47B | $10.29B | $10.22B | $12.85B | $12.23B |
| Total equity | $12.08B | $12.51B | $12.55B | $12.30B | $11.81B | $10.87B | $10.54B | $10.21B | $12.94B | $12.53B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.07B | $971.3M | $1.09B | $1.96B | $1.25B | $1.08B | $268.5M | $2.23B | $1.14B | $1.73B |
| Depreciation and amortisation | $125.3M | $116.5M | $104.3M | $95.8M | $78.6M | $74.5M | $78.7M | $74.6M | $81.5M | $81.0M |
| Stock-based compensation | $214.8M | $246.1M | $182.6M | $208.2M | $171.9M | $122.3M | $111.5M | $117.8M | $123.4M | $131.5M |
| Capital expenditure | $154.5M | $177.1M | $148.8M | $90.3M | $79.3M | $103.7M | $233.7M | $106.5M | $74.9M | $97.6M |
| Investing cash flow | -$2.34B | -$2.42B | -$3.61B | -$3.33B | -$2.62B | -$4.06B | -$1.28B | -$290.4M | $52.0M | $192.2M |
| Financing cash flow | $452.4M | $1.42B | $2.11B | $1.58B | $2.03B | $734.4M | $339.9M | -$3.76B | -$956.0M | -$1.80B |
| Dividends paid | $683.7M | $656.4M | $607.3M | $583.1M | $559.7M | $533.2M | $518.6M | $2.12B | $441.2M | $408.7M |
| Buybacks | $240.3M | $274.4M | $256.3M | $180.8M | $208.2M | $218.2M | $754.5M | $1.42B | $765.3M | $1.31B |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000038777-25-000238.
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