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US maker of electrical distribution equipment (transformers, switchgear, switchboards) for data centers, grids and industry.
US maker of electrical distribution equipment (transformers, switchgear, switchboards) for data centers, grids and industry.
Moat: narrow (customer qualification, installed base). Electrical-equipment certification and long lead-time backlogs create switching friction, but the field has several capable rivals.
Headquarters: Dayton, Minnesota, US · Employees: 3,000
Size Forgent Power Solutions (FPS) is a United States Industrials company (Electrical Products) with a market value of $5.93B, the 1071st largest of 3,117 United States companies the cockpit tracks. Shares closed at $19.48 on 6 Nov 2026.
Performance Over six months the shares fell 51.8%, against -31.3% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 88.5% over the last twelve months (peer median +18.8%); the operating margin is 14.5% (peer median 9.0%).
Valuation It trades at 14.4× forward earnings against a peer median of 22.0× (5th cheapest of 21).
Capital Return on invested capital runs 6.4 points below its cost of capital (18.3% WACC).
Short interest Short interest is 4.7% of the free float (15 Oct 2026).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | |
|---|---|---|---|---|
| Revenue | $1.42B | $1.42B | $753M | $246M |
| Revenue growth | — | +89% | +206% | — |
| Gross profit | $445M | $445M | $219M | $71.0M |
| EBITDA | $275M | $304M | $132M | $28.4M |
| Net income | $81.8M | $81.8M | $15.2M | -$9.36M |
| Free cash flow | -$30.3M | -$30.3M | -$43.6M | -$4.56M |
| Capital expenditure | $116M | $116M | $84.1M | $4.67M |
| Total debt | $704M | $704M | $630M | $523M |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Forgent Power Solutions FPS | $5.93B | -52% | +89% | 14% | 14.4× | n/a |
| Eaton ETN | $133B | -15% | +20% | 19% | 21.4× | 19.1% |
| Hubbell HUBB | $22.7B | -13% | +16% | 21% | 19.1× | 10.5% |
| Powell Industries POWL | $4.85B | -57% | +7% | 20% | 21.2× | 11.2% |
| NVT NVT | $17.2B | -38% | +48% | 18% | 16.4× | 16.2% |
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.
| Measure | FPS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -51.1% | -9.2% | lowest of 21 |
| 6-month return | -51.8% | -31.3% | 2nd lowest of 21 |
| Distance from 52-week high | -70.5% | -45.7% | lowest of 21 |
| Revenue growth (TTM) | +88.5% | +18.8% | 2nd highest of 21 |
| Operating margin | 14.5% | 9.0% | 7th highest of 21 |
| Forward P/E | 14.4× | 22.0× | 5th cheapest of 21 |
| ROIC minus cost of capital | -6.4 pp | +0.7 pp | 3rd lowest of 21 |
| EV / EBITDA | 24.1× | 12.0× | most expensive of 7 |
| Net debt / EBITDA | 2.1× | 0.8× | most indebted of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Forgent Power Solutions FPS | United States | $5.93B | -52% | +89% | 14% | 14.4× | n/a | n/a |
| Gates Industrial GTES | United States | $6.05B | -8% | +4% | 16% | 12.8× | 9.7% | +4.3% |
| Nexans NEX.PA | France | $6.06B | -26% | -13% | 6% | 17.2× | 5.6% | +5.5% |
| Jiangsu Yoke Technology 002409.SZ | China | $6.12B | +1% | +7% | 15% | 32.1× | 26.4% | +30.6% |
| Yaskawa Electric 6506.T | Japan | $5.71B | -38% | +6% | 8% | 19.7× | 24.8% | +6.8% |
| Shandong Sinocera Functional Material 300285.SZ | China | $5.67B | +8% | +23% | 14% | 48.6× | 40.1% | +12.6% |
| Suzlon Energy SUZLON.NS | India | $5.65B | -30% | +34% | 15% | 21.2× | 34.0% | +37.9% |
| Hebei Sinopack Electronic Technology 003031.SZ | China | $5.62B | -33% | +43% | 19% | 36.1× | 34.9% | +28.6% |
| Gotion High-tech 002074.SZ | China | $6.45B | -32% | +54% | 3% | 25.6× | n/a | n/a |
| Hunan Yuneng New Energy Battery Material 301358.SZ | China | $6.46B | -50% | +130% | 9% | 7.8× | n/a | n/a |
| Ecopro BM 247540.KS | South Korea | $6.53B | -60% | -4% | 6% | 965.8× | n/a | n/a |
| Wolong Electric 600580.SS | China | $5.39B | -39% | -11% | 4% | 39.6× | 25.2% | +4.2% |
| Shenzhen Megmeet Electrical 002851.SZ | China | $6.55B | -38% | +29% | 1% | 60.9× | n/a | n/a |
| Sunwoda Electronic 300207.SZ | China | $5.37B | -33% | +36% | -1% | 16.0× | n/a | n/a |
| EnerSys ENS | United States | $5.30B | -36% | +4% | 15% | 11.3× | 0.5% | +4.7% |
| Nkt A/s NKT.CO | Denmark | $6.73B | -15% | +2% | 7% | 26.4× | n/a | n/a |
| HANGZHOU FIRST APPLIED MATERIAL 603806.SS | China | $5.14B | -30% | -9% | 9% | 22.0× | 7.5% | +13.1% |
| Shanghai Putailai New Energy Technology 603659.SS | China | $6.87B | -41% | +44% | 14% | 14.2× | n/a | n/a |
| Anji Microelectronics Technology (Shanghai) 688019.SS | China | $7.05B | +7% | +35% | 32% | 31.6× | 28.1% | +42.8% |
| Qingdao TGOOD Electric 300001.SZ | China | $4.97B | +6% | +14% | 9% | 21.9× | 12.0% | +16.2% |
| Ningbo Orient Wires & Cables 603606.SS | China | $4.96B | -23% | +36% | 12% | 21.1× | 3.6% | +16.5% |