Forgent Power Solutions, Inc. is a Delaware corporation, and its shares of Class A common stock trade on the New York Stock Exchange under the symbol “FPS”. Unless the context otherwise requires, references to “we,” “us,” “our,” “Forgent,” the “Company,” and other similar references refer to Forgent Power Solutions, Inc. and, unless otherwise stated, all of its subsidiaries. References to “Existing Opco LLC Owners” refer collectively to Forgent Parent II LP and Forgent Parent III LP. For more information on the Company's initial public offering (“IPO”), reorganization transactions, and follow-on offerings, please see Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Part II of this Form 10-K. Overview Forgent is a leading designer and manufacturer of electrical distribution equipment used in data centers, the power grid and energy-intensive industrial facilities. Electrical distribution equipment is essential for delivering electricity safely and efficiently from power plants.
Three drivers
Additionally, because electrical distribution equipment has a high consequence of failure, including lost revenue, equipment damage and even serious injury or.
We manufacture every major category of electrical distribution equipment, and we believe we have one of the most comprehensive product portfolios available.
Major product categories of electrical distribution equipment that we manufacture and sell include automatic transfer switches (“ATS”), dry type transformers.
Model · 6 fiscal quarters available
Fiscal quarter
2026Q2 2024-12-31
2026Q3 2025-03-31
2026Q4 2025-06-30
2026Q2 2025-12-31
2026Q3 2026-03-31
2026Q4 2026-06-30
Revenue ($M)
175.31
186.22
237.6†3
296.41
378.72
461.7†3
Gross profit ($M)
63.84
68.25
79.7†6
101.84
131.25
166.7†6
Operating income ($M)
18.97
22.48
8.3†9
20.17
39.38
91.9†9
Net income ($M)
4.610
6.911
-2.6†12
0.210
18.311
53.3†12
EPS, diluted ($)
—
—
—
—
—
—
Diluted shares (M)
—
—
—
—
—
—
Cash ($M)
—
—
111.313
106.214
93.815
97.513
Long-term debt ($M)
—
—
496.916
579.017
578.118
576.216
Cash from operations ($M)
—
-7.5†19
-7.2†20
—
29.2†19
73.9†20
Capex ($M)
—
18.7†21
41.0†22
—
28.2†21
31.3†22
Free cash flow ($M)
—
-26.2†23
-48.2†24
—
0.9†23
42.6†24
† derived (Q4 = fiscal year minus the first three quarters; year-to-date cash flows differenced; FCF = CFO − capex). Superscripts are the provenance notes below.
Estimates · base scenario
No forward estimates yet: not yet estimated. Estimates are the desk's own; consensus is not stored.
What the memory says
No comparison for FPS: No built market state is available for FPS.
Next report date: not dated. Undated in the latest note (https://chartlibrary.io/research/views/fps-backlog-conversion-sponsor-supply-20260915): First: today's completed session, September 15, the first observation after the release; we will record the close, volume and the open-to-close move separately from the overnight