Forgent Power Solutions, Inc.

Electrical Industrial Apparatus

FPSStrained5 of 9 basics passed

$39.93

+0.33%

Market cap $11.0B

$39.93

+0.33%

Market cap $11.0B

Forgent Power Solutions Inc is a designer and manufacturer of electrical distribution equipment used in data centers, the power grid and energy-intensive industrial facilities.

It is a $11.0B technology company. Revenue grew 88.5% over the last year, it keeps 6¢ of every dollar of sales as profit, and it carries $606M of net debt. It trades at 148.9× earnings.

Website: forgentpower.com
Location: Commerce, CA
Employees: 3 450
Sector: Technology

Share price · 8 months

$29.00 → $39.93+37.7%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $1.42B
Profit: keeps 6¢ of every $1 sold; $81.8M
Free cash flow: cash left after running the business; -$6.82M
Net debt: debt minus cash on hand; $606M
P/E: years of profit in the price; 148.9
EPS: earnings per share, TTM; $0.31
Shares: shares outstanding; 260.0M
Volatility: beta vs the market — under 1 swings less; 1.68

Revenue, last 3 years

52-week range

Low $27.97$39.93High $64.59

Today's price is 33% of the way from the year's low to its high.

Valuation vs own history

P/E

422.9×

36%

P/S

9.2×

36%

EV/EBITDA

117.3×

36%

P/B

16.4×

55%

Share of the last ~5 years that was pricier than today (in line with its own history). Based on the daily valuation record.

Earnings

Sep 15, 2026EPS $0.25 vs est $0.24beat +3%

Standing in Technology

Size$11.0Btop 83%
Net margin6%top 72%
Return on equity18%top 45%
P/E148.9×top 90%

Ranked against 220 Technology companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Valuation, Health and Moat lag behind.

Valuation27

P/E vs own history64th pct · 5/25
FCF yield-0.1% · 0/25
P/S8.6x · 12/25
EV/EBITDAn/a · 10/25

Growth50

Revenue CAGR140.4% · 25/25
Net income CAGRn/a · 0/25
EPS CAGR ~5Yn/a · 0/25
Fwd implied growth402.6% · 25/25

Profitability50

ROIC6.4% · 5/25
ROE18.4% · 20/25
Net margin5.8% · 13/25
Operating margin12.8% · 12/25

Health40

Altman Zn/a · 0/25
Current ratio1.54 · 18/25
Interest coverage3.3x · 10/25
Net cash / debtD/A 27% · 12/25

Quality72

Piotroski F7/9 · 22/25
Beneish M-6.59 · 25/25
FCF conversion-376% · 0/25
Margin stabilityσ 3.2% · 25/25

Moat18

ROIC >12% years0/3 yrs · 0/25
Median gross margin36.9% · 13/25
FCF-positive years0/3 yrs · 0/25
Worst-year net marginworst -3.8% · 5/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

FY2026Financial
Revenue crossed $1B
$1.42B for the year
FY2026Financial
Best year on record
$81.8M net income
FY2025Financial
Turned profitable
$15.2M net income after a loss year

Achievements

Verifiable track record, straight from the reported numbers.

$1.4B revenue in FY2026

Revenue up 88.5% year over year

3 450 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

Revenue growing 88.5% year over year
Piotroski F-Score 7/9 — fundamentally strong checklist

Watch-outs

Negative free cash flow (-$6.8M)
Loss-making in 1 of the recent years
Short reporting history — trends are less reliable

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

5 of 9 checks passed

Revenue growing — the company sells more than a year ago+88.5% YoY
Profitable — makes more than it spends$81.8M TTM
Profit growing — earnings are higher than last year+438.6% YoY
Generates cash — cash left after running and investing-$6.82M TTM
Debt under control — could handle its obligationscurrent ratio 1.54
Established company — not a micro-cap — lower blow-up risk$11.0B market cap
Proven track record — years of profitability behind it2/3 profitable years
Financially stable — balance sheet not near distresshealth score 28/100
Pays a dividend — returns cash to shareholdersno data
Valuation not extreme — price not wildly above earningsP/E 148.9

Peer comparisonForgent Power Solutions, Inc. vs 6 largest technology peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
FPS this company	$11.0B	148.9	+88.5%	5.8%	Strained
NVDA Nvidia Corp	$5.5T	28.6	+83.4%	63.7%	Mixed
AAPL Apple Inc.	$4.9T	38.1	+14.2%	27.6%	Strong
GOOGL Alphabet Inc.	$4.3T	17.6	+20.1%	54.8%	Mixed
MSFT Microsoft Corp	$4.0T	29.7	+17.8%	40.3%	Strong
SPCX Space Exploration Technologies Corp.	$2.1T	—	+33.2%	-34.0%	Strained
META Meta Platforms, Inc.	$1.8T	26.9	+27.7%	29.8%	Mixed

Head-to-head: FPS vs NVDA · FPS vs AAPL · FPS vs GOOGL

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 6Buy 6Hold 2

Appendix · Financial records

The full statements behind this CV, FY2024–FY2026. For readers who want to check the numbers.

Profit & lossRevenue $1.42B · net income $81.8M (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

How FY2026 revenue flows to profit

RevenueNet income

Revenue (TTM)

$1.42B

YoY 88.5%

Net income (TTM)

$81.8M

Margin 5.8%

Gross margin

35.0%

Operating margin

12.8%

P/E ratio

148.9

Income statement — full detail

Figures in USD billions · EPS in USD

	2024	2025	2026
Revenue	0.2	0.8	1.4
Gross profit	0.1	0.3	0.5
Operating income (EBIT)	0.0	0.1	0.2
Net income	-0.0	0.0	0.1
EPS (diluted)	—	—	0.31

Cash flowFree cash flow -$6.82M · operating cash flow $109M (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

-$6.82M

Margin -0.5%

Operating cash flow (TTM)

$109M

FCF margin

-8.2%

Cash flow statement — full detail

Figures in USD billions

	2024	2025	2026
Operating cash flow	0.0	0.0	0.1
Capital expenditure	-0.0	-0.1	-0.1
Free cash flow	-0.0	-0.0	-0.0
FCF margin	-1.9%	-5.2%	-0.5%

Balance sheetAssets $2.23B · net debt $606M (FY2026)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $2.23B of assets is financed

70%

30%

Liabilities $1.56B — borrowed moneyEquity $671M — owners' stake

Cash vs debt

Total debt $704M − cash $97.5M = net debt $606M

Cash on hand covers 14% of debt.

Debt repayment

0.0 yrs

Years of free cash flow to clear net debt

Interest coverage

3.3x

EBIT ÷ interest expense

ROE

18.4%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2024	2025	2026
Cash & equivalents	0.2	0.1	0.1
Total assets	1.4	1.5	2.2
Total liabilities	0.8	1.0	1.6
Total debt	0.5	0.6	0.7
Equity	0.6	0.6	0.7
Net debt	0.3	0.5	0.6

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of FPS on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $39.93 · market cap $11.0B.