FRANKLIN ELECTRIC CO INC FELE
Franklin Electric Co., Inc. ("Franklin Electric" or the "Company") is an Indiana corporation founded in 1944 and incorporated in 1946. Named after America's pioneer electrical engineer, Benjamin Franklin, Franklin Electric manufactured the first water-lubricated submersible motor for water systems and the first submersible motor for fueling systems. With 2025 revenue of approximately $2.1 billion, the Company designs, manufactures and distributes water and fuel pumping systems, composed primarily of submersible motors, pumps, electronic controls, water treatment systems, and related parts and equipment.
The Company's water pumping systems move fresh and wastewater for the residential, agricultural and other industrial end markets. The Company also sells various groundwater equipment products to well installation contractors, including water pumping systems, through its and third-party distribution branches located in the U.S. With a growing global footprint, the Company has also evolved into a top supplier of submersible fueling systems at gas stations, making pumps, pipes, electronic controls and monitoring devices.
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 | $2.13B | $2.02B | $2.07B | $2.04B | $1.66B | $1.25B | $1.31B | $1.30B | $1.12B | $949.9M |
| Cost of revenue | $1.38B | $1.30B | $1.37B | $1.35B | $1.09B | $814.2M | $886.5M | $865.8M | $747.9M | $618.5M |
| Gross profit | $755.9M | $717.3M | $697.0M | $691.4M | $576.1M | $433.1M | $428.1M | $432.4M | $377.0M | $331.4M |
| R&D | $20.0M | $21.5M | $17.7M | $16.7M | $17.3M | $21.7M | $20.8M | $22.1M | $20.8M | $21.5M |
| SG&A | $486.2M | $470.1M | $433.5M | $432.1M | $386.3M | $300.1M | $298.5M | $298.7M | $265.4M | $219.9M |
| Operating income | $269.0M | $243.6M | $262.4M | $257.2M | $189.2M | $130.5M | $127.1M | $132.0M | $107.2M | $112.1M |
| Interest expense | $10.6M | $6.3M | $11.8M | $11.5M | $5.2M | $4.6M | $8.2M | $9.8M | $10.3M | $8.7M |
| Pre-tax income | $194.7M | $231.8M | $242.2M | $235.2M | $189.7M | $123.7M | $116.8M | $120.4M | $104.6M | $104.1M |
| Income tax | $46.0M | $50.2M | $47.5M | $46.4M | $34.7M | $22.5M | $20.8M | $14.9M | $26.0M | $24.8M |
| Net income | $147.1M | $180.3M | $193.3M | $187.3M | $153.9M | $100.5M | $95.5M | $105.9M | $78.2M | $78.7M |
| EPS, basic | 3.25 | 3.92 | 4.17 | 4.02 | 3.29 | 2.16 | 2.04 | 2.25 | 1.67 | 1.67 |
| EPS, diluted | 3.22 | 3.86 | 4.11 | 3.97 | 3.25 | 2.14 | 2.03 | 2.23 | 1.65 | 1.65 |
| Shares, diluted (wtd. avg.) | $45.5M | $46.5M | $46.9M | $47.0M | $47.0M | $46.7M | $46.8M | $47.0M | $47.0M | $46.7M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $99.7M | $220.5M | $85.0M | $45.8M | $40.5M | $130.8M | $64.4M | $59.2M | $67.2M | $104.3M |
| Receivables | $247.5M | $226.8M | $222.4M | $230.4M | $196.2M | $159.8M | $173.3M | $172.9M | $171.0M | $146.0M |
| Inventory | $553.0M | $483.9M | $508.7M | $545.0M | $450.0M | $300.9M | $300.2M | $314.0M | $312.3M | $203.5M |
| Total current assets | $958.6M | $964.2M | $853.8M | $858.1M | $724.6M | $619.3M | $567.4M | $579.9M | $589.1M | $483.8M |
| Property, plant and equipment | $252.2M | $223.6M | $229.7M | $215.2M | $210.7M | $209.0M | $201.3M | $207.1M | $215.7M | $196.1M |
| Goodwill | $398.1M | $338.5M | $342.4M | $328.0M | $329.6M | $266.7M | $256.1M | $248.7M | $236.8M | $199.6M |
| Other intangibles | $251.7M | $213.0M | $230.0M | $231.3M | $249.7M | $133.8M | $131.1M | $135.1M | $131.5M | $134.7M |
| Total assets | $1.94B | $1.82B | $1.73B | $1.69B | $1.58B | $1.27B | $1.19B | $1.18B | $1.19B | $1.04B |
| Accounts payable | $175.0M | $157.0M | $152.4M | $139.3M | $164.8M | $95.9M | $82.6M | $76.7M | $79.3M | $63.9M |
| Short-term debt | $31.8M | $117.8M | $12.4M | $126.8M | $98.0M | $2.6M | $21.9M | $112.0M | $100.5M | $33.7M |
| Total current liabilities | $344.0M | $433.7M | $287.0M | $405.8M | $396.0M | $203.7M | $185.8M | $255.9M | $245.9M | $157.8M |
| Retained earnings | $1.08B | $1.15B | $1.08B | $969.3M | $859.8M | $764.6M | $712.5M | $654.7M | $604.9M | $550.1M |
| Total equity | $1.32B | $1.27B | $1.21B | $1.07B | $946.5M | $847.8M | $796.5M | $733.9M | $700.7M | $613.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $238.9M | $261.4M | $315.7M | $101.7M | $129.8M | $211.9M | $177.7M | $128.4M | $66.8M | $115.4M |
| Depreciation and amortisation | $62.9M | $56.1M | $52.3M | $50.4M | $44.6M | $36.5M | $37.0M | $38.6M | $38.5M | $35.5M |
| Stock-based compensation | $13.2M | $12.1M | $10.1M | $11.0M | $11.7M | $10.1M | $9.0M | $8.4M | $7.1M | $6.9M |
| Capital expenditure | $45.3M | $41.7M | $41.4M | $41.9M | $30.1M | $22.9M | $21.9M | $22.4M | $33.5M | $39.1M |
| Investing cash flow | -$157.1M | -$45.6M | -$74.3M | -$43.1M | -$264.8M | -$78.8M | -$41.8M | -$66.3M | -$84.7M | -$33.8M |
| Financing cash flow | -$197.3M | -$74.1M | -$192.2M | -$48.5M | $50.9M | -$66.6M | -$126.6M | -$66.8M | -$22.6M | -$51.7M |
| Dividends paid | $50.0M | $46.9M | $41.7M | $37.0M | $33.4M | $29.7M | $27.7M | $22.6M | $20.3M | $19.1M |
| Buybacks | $165.6M | $61.0M | $43.3M | $40.5M | $25.9M | $19.6M | $10.7M | $34.2M | $3.6M | $7.4M |
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 0000038725-26-000009.
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