Franklin Electric Co., Inc., together with its subsidiaries, designs, manufactures, and distributes water and fuel pumping systems in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It operates through Water Systems, Energy Systems, and Distribution segments. The Water Systems segment offers motors, pumps, water treatment systems, monitoring devices, and related parts and equipment for use in groundwater, water transfer, and wastewater in a range of residential, agricultural, municipal, and industrial applications; and electronic drives and controls for the motors, which control functionality and provide protection from various hazards, such as electrical surges, over-heating, and dry wells or dry tanks. Its Energy Systems segment produces and markets pumps, motors, pipes, sumps, fittings, vapor recovery components, electronic controls, monitoring devices, and related parts and equipment for use in energy system applications; and components between the tanks and the dispensers, including submersible pumps, station hardware, piping, and corrosion control systems. This segment serves other energy markets, such as power reliability systems, including intelligent electronic devices that are designed for online monitoring for the power utility, hydroelectric, rail, and telecommunication and data center infrastructure. The Distribution segment sells to and provides presale support and specifications to the installing contractors. It sells its products to wholesale and retail distributors, specialty distributors, and industrial and petroleum equipment distributors, as well as to oil and utility companies, and original equipment manufacturers. The company was founded in 1944 and is headquartered in Fort Wayne, Indiana.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $2.1B | $268M | $147M | $194M | 11.1% | 5.4% | -18.4% |
| 2024 | $2.0B | $294M | $180M | $220M | 14.2% | -2.1% | -6.7% |
| 2023 | $2.1B | $306M | $193M | $274M | 16.0% | 1.0% | 3.2% |
| 2022 | $2.0B | $297M | $187M | $60M | 17.5% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 2,043.71 | 2,065.13 | 2,021.34 | 2,131.25 |
| Operating Revenue | - | 2,043.71 | 2,065.13 | 2,021.34 | 2,131.25 |
| Cost Of Revenue | - | 1,352.28 | 1,368.12 | 1,304.06 | 1,375.32 |
| Gross Profit | - | 691.44 | 697.01 | 717.28 | 755.92 |
| Operating Expense | - | 432.08 | 433.48 | 470.14 | 486.23 |
| Selling General And Administration | - | 432.08 | 433.48 | 470.14 | 486.23 |
| Total Expenses | - | 1,784.35 | 1,801.60 | 1,774.20 | 1,861.56 |
| Operating Income | - | 259.36 | 263.53 | 247.14 | 269.69 |
| Total Operating Income As Reported | - | 257.19 | 262.44 | 243.64 | 268.98 |
| EBITDA | - | 297.13 | 306.27 | 294.24 | 268.17 |
| Normalized EBITDA | - | 306.53 | 319.49 | 304.56 | 278.22 |
| EBIT | - | 246.75 | 254.01 | 238.17 | 205.29 |
| Interest Expense | - | 11.52 | 11.79 | 6.32 | 10.64 |
| Net Interest Income | - | -11.52 | -11.79 | -6.32 | -10.64 |
| Other Non Operating Income Expenses | - | -3.20 | 3.70 | 1.34 | -54.35 |
| Other Income Expense | - | -12.61 | -9.52 | -8.98 | -64.40 |
| Interest Expense Non Operating | - | 11.52 | 11.79 | 6.32 | 10.64 |
| Net Non Operating Interest Income Expense | - | -11.52 | -11.79 | -6.32 | -10.64 |
| Pretax Income | - | 235.23 | 242.22 | 231.85 | 194.65 |
| Tax Provision | - | 46.42 | 47.49 | 50.24 | 45.96 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -1.85 | -2.59 | -2.24 | -2.37 |
| Net Income Continuous Operations | - | 188.81 | 194.73 | 181.61 | 148.69 |
| Net Income From Continuing And Discontinued Operation | - | 187.33 | 193.27 | 180.31 | 147.09 |
| Net Income From Continuing Operation Net Minority Interest | - | 187.33 | 193.27 | 180.31 | 147.09 |
| Net Income | - | 187.33 | 193.27 | 180.31 | 147.09 |
| Net Income Common Stockholders | - | 186.60 | 192.60 | 179.60 | 146.50 |
| Net Income Including Noncontrolling Interests | - | 188.81 | 194.73 | 181.61 | 148.69 |
| Normalized Income | - | 194.89 | 203.90 | 188.39 | 154.77 |
| Diluted NI Availto Com Stockholders | - | 186.60 | 192.60 | 179.60 | 146.50 |
| Basic Average Shares | - | 46.60 | 46.35 | 46 | 45.26 |
| Diluted Average Shares | - | 47 | 47.02 | 46.71 | 45.68 |
| Reconciled Depreciation | - | 50.37 | 52.26 | 56.07 | 62.88 |
| Reconciled Cost Of Revenue | - | 1,352.28 | 1,368.12 | 1,304.06 | 1,375.32 |
| Total Unusual Items | - | -9.41 | -13.22 | -10.32 | -10.06 |
| Total Unusual Items Excluding Goodwill | - | -9.41 | -13.22 | -10.32 | -10.06 |
| Minority Interests | - | -1.48 | -1.46 | -1.30 | -1.60 |
| Special Income Charges | - | -2.17 | -1.09 | -3.50 | -0.72 |
| Restructuring And Mergern Acquisition | - | 2.17 | 1.09 | 3.50 | 0.72 |
| Gain On Sale Of Security | - | -7.24 | -12.12 | -6.82 | -9.34 |
| Otherunder Preferred Stock Dividend | - | 0.70 | 0.70 | 0.70 | 0.60 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Franklin Electric Co., Inc.this co. | FELE | $4.3B | 29.58β discount | 3.28 | 11.1% | 16.66 |
| AAR Corp. | AIR | $4.6B | 367.52 | 3.79 | 1.0% | 32.71 |
| Resideo Technologies, Inc. | REZI | $4.6B | - | 1.57 | -19.3% | - |
| RXO, Inc. | RXO | $4.6B | -45.57 | 2.96 | -6.5% | 144.72 |
| Mirion Technologies, Inc. | MIR | $4.5B |
| - |
| - |
| - |
| - |
| - |
| - |
| 154.78 |
| 2.39 |
| 1.5% |
| 24.76 |
| CSW Industrials, Inc. | CSW | $4.4B | 39.29 | 4.19 | 10.7% | 22.62 |
| Brady Corporation | BRC | $4.2B | 22.18 | 3.52 | 15.9% | 14.80 |
| AZZ Inc. | AZZ | $4.2B | 13.10 | 3.11 | 23.7% | 8.29 |
| Griffon Corporation | GFF | $3.9B | 77.09 | 53.26 | 69.1% | 18.97 |
| Peer Median | - | 39.29 | 3.31 | 6.1% | 22.62 | |