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← CockpitCompetitor Analysis › FELE Franklin Electric Co., Inc.Open in the cockpit ↗

Franklin Electric Co., Inc.FELECompetitor analysis, valuation and peers

United States · USD·Industrials›Industrial Machinery

Makes submersible motors and pumps for groundwater, wastewater and fueling systems sold globally.

Momentum weak 39
Mkt cap
$4.16B
US dollars, full cap
Free float
93%
of shares outstanding
$/day
$30.1M
20-day average traded
Fwd P/E
18.0×
forward earnings
ROIC−WACC
+2.7 pp
WACC 9.3%
Hurdle
-2 pp
Req g minus delivered
Next earnings
102 days
16 Feb 2027
Close · USD$94.17
1D-1.8%
1W-1.3%
1M-2.8%
3M-12.3%
6M-5.2%
YTD-1.4%
1Y-1.6%
ATR %3.4%
Beta0.74
52w lowhigh18.7% off high

What Franklin Electric does

Makes submersible motors and pumps for groundwater, wastewater and fueling systems sold globally.

Sells motors and pumps mostly through distributors and installers, with groundwater systems as the core, so replacement demand and well-drilling activity matter most. Fueling equipment for gas stations is a separate line that moves with station upgrades, and the company has added its own distribution arm that sells water-system products direct to contractors.

Products and services

  • Submersible water pumps/motors
  • Fueling systems
  • Wastewater equipment

Customers

  • Water well/irrigation distributors
  • Fuel station operators
  • Municipal utilities

Where it sits in the supply chain

  • Industrial machinery
  • Water and fuel pumping systems
  • Distributor and OEM sales

What could go right

  • Water infrastructure investment
  • Emerging market groundwater demand

What could go wrong

  • Agricultural/construction capex cyclicality
  • Metals/component cost swings

Moat: narrow (scale, distribution, brand). Global manufacturing scale and distributor relationships in a fragmented pump industry.

Headquarters: Fort Wayne, Indiana, United States · Founded: 1944 · Employees: 6,500

Named competitors

Franklin Electric at a glance

Size Franklin Electric (FELE) is a United States Industrials company (Industrial Machinery) with a market value of $4.16B, the 1323rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $94.17 on 6 Nov 2026.

Performance Over six months the shares fell 5.2%, against -11.1% for the median peer and -1.1% for the United States market (cap-weighted) — 4th highest of 20 in its peer set.

Growth Revenue grew 7.3% over the last twelve months (peer median +10.0%); the operating margin is 12.9% (peer median 10.7%).

Valuation It trades at 18.0× forward earnings against a peer median of 19.8× (8th cheapest of 17).

Price implies For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -2 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 2.7 points above its cost of capital (9.3% WACC).

Short interest Short interest is 1.5% of the free float (15 Oct 2026).

Next results Next results expected around 16 Feb 2027 (exchange calendar; dates can move).

Relative performance

9010011011 May 202611 Aug 20266 Nov 2026FELE 95Peer median 89
Six months, rebased to 100: Franklin Electric against the median of its 20 peers (local-currency closes).

Franklin Electric financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$2.26B$2.13B$2.02B$2.07B$2.04B
Revenue growth—+5%-2%+1%—
Gross profit$801M$756M$717M$697M$691M
EBITDA$363M$335M$305M$314M$313M
Net income$199M$146M$180M$193M$187M
Free cash flow$193M$194M$220M$274M$59.8M
Capital expenditure$49.9M$45.3M$41.7M$41.4M$41.9M
Total debt$634M$234M$192M$156M$265M

Quarterly statements and history in the cockpit →

Franklin Electric competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-60%-40%-20%0%-40%-20%0%GIL6113XE002131KRN036930ALHVOLTAS688630AIXA2715IP277810300953MWARSW603699600388FELE6-month return →1-month return →
Up and to the right = strong over both horizons. Franklin Electric is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%0×200×400×600×6113KRN036930600862ALHVOLTAS688630277810300953FELERevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Franklin Electric is the large dot.

Capital: growth delivered against growth the price implies

0%+10%+20%+30%+40%0%20%40%GIL6113KRN600862ALH688630AIXA2715IPMWARSW603699FELEGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Franklin Electric is the large dot.

Franklin Electric competitors and peer comparison

Head to head with its named competitors (FELE vs XYL vs PNR vs SUN.SW)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Franklin Electric FELE$4.16B-5%+7%13%18.0×9.2%
Xylem XYL$22.4B-14%+2%16%17.4×12.1%
Pentair PNR$10.9B-11%-4%22%13.2×7.1%
Sulzer SUN.SW$7.39B+23%-3%13%17.9×-1.4%

How Franklin Electric compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Franklin Electric against its 20 peers (data as of 6 Nov 2026)
MeasureFELEPeer medianRank in peer set
1-month return-2.8%-1.2%11th highest of 21
6-month return-5.2%-11.1%4th highest of 20
Distance from 52-week high-18.7%-34.4%3rd highest of 21
Revenue growth (TTM)+7.3%+10.0%10th lowest of 21
Operating margin12.9%10.7%10th highest of 21
Forward P/E18.0×19.8×8th cheapest of 17
Growth the price implies (Req g, 7 yrs)9.2%10.6%6th least demanding of 13
Growth delivered (Del g)+11.3%+11.3%7th highest of 13
Hurdle (Req g minus delivered)-2.1 pp-0.2 pp7th least demanding of 13
ROIC minus cost of capital+2.7 pp+0.1 pp7th highest of 21
EV / EBITDA12.8×12.4×5th cheapest of 9
Net debt / EBITDA1.3×-0.3×2nd most indebted of 11

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Franklin Electric FELEUnited States$4.16B-5%+7%13%18.0×9.2%+11.3%
Jiangsu Gao Kai Precision Fluid 688835.SSChina$4.15Bn/a+21%24%n/an/an/a
DMG MORI Aktiengesellschaft GIL.DEGermany$4.17B0%+3%5%n/a11.3%+2.7%
Amada 6113.TJapan$4.10B-20%+18%10%15.9×8.7%+11.8%
X-Energy XEUnited States$4.24B-65%-9%-156%n/an/an/a
Leo 002131.SZChina$4.33B-34%+10%-1%n/an/an/a
Krones KRN.DEGermany$3.94B-7%+3%7%11.2×-1.8%+11.3%
Jusung Engineering 036930.KSSouth Korea$4.39B+5%-33%0%145.3×n/an/a
Avic Aviation High-Technology 600862.SSChina$3.92B-6%-3%22%31.2×6.0%+11.4%
Alliance Laundry ALHUnited States$4.49B-11%+10%19%16.4×15.2%+7.5%
Voltas VOLTAS.NSIndia$3.84B-19%+4%4%50.1×n/an/a
Circuit Fabology Microelectronics Equipment 688630.SSChina$4.50B-12%+93%27%51.5×39.4%+35.4%
Aixtron AIXA.DEGermany$3.84B-45%-9%16%42.6×5.7%+15.6%
Estun Automation 2715.HKHong Kong$3.79B-9%+13%4%42.2×28.7%+13.5%
Interpump IP.MIItaly$4.57B+3%+1%14%16.8×12.6%+9.9%
Rainbow Robotics 277810.KSSouth Korea$4.59B-52%+92%-16%653.8×n/an/a
Ningbo Zhenyu Technology 300953.SZChina$3.77B-35%+58%6%21.2×n/an/a
Mueller Water Products MWAUnited States$3.75B-9%+6%21%15.3×2.4%+5.8%
Renishaw RSW.LUnited Kingdom$4.61B-7%+14%16%18.5×24.8%+7.5%
Neway Valve (Suzhou) 603699.SSChina$4.66B-36%+11%26%17.9×10.0%+16.5%
Zijin Longking 600388.SSChina$3.70B-6%+13%11%17.4×n/an/a

Questions

Who are Franklin Electric's main competitors?
Named competitors: Xylem (XYL), Pentair (PNR), Grundfos (private or unlisted), Sulzer (SUN.SW). The cockpit's measured peer set (industry) also includes Jiangsu Gao Kai Precision Fluid (688835.SS), DMG MORI Aktiengesellschaft (GIL.DE), Amada (6113.T), X-Energy (XE), Leo (002131.SZ), Krones (KRN.DE).
Is Franklin Electric expensive compared with its peers?
On forward p/e it trades at 18.0× against a peer median of 19.8×, 8th cheapest of 17 in its peer set. For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -2 pp: the price already allows for a slowdown.
How has Franklin Electric stock performed?
Over six months to 6 Nov 2026 the shares returned -5.2% against -11.1% for the median peer; over one year -1.6%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.