Franklin Electric Co (FELE) financial statements
Franklin Electric Co reported revenue of $2.1B in fiscal 2025, up 9.4% a year over 9 years.
Net income was $147M and the operating margin 12.6%, against 11.8% in 2016.
Free cash flow was $194M, and the company returned $50M in dividends and $166M in net buybacks.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Franklin Electric Co's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $950M | $1.1B | $1.3B | $1.3B | $1.2B | $1.7B | $2.0B | $2.1B | $2.0B | $2.1B |
| Cost of revenue | $618M | $748M | $866M | $886M | $814M | $1.1B | $1.4B | $1.4B | $1.3B | $1.4B |
| Gross profit | $331M | $377M | $432M | $428M | $433M | $576M | $691M | $697M | $717M | $756M |
| Research and development | $22M | $21M | $22M | $21M | $22M | $17M | $17M | $18M | $22M | $20M |
| Selling, general and admin | $220M | $265M | $299M | $298M | $300M | $386M | $432M | $433M | $470M | $486M |
| Operating income | $112M | $107M | $132M | $127M | $131M | $189M | $257M | $262M | $244M | $269M |
| Interest expense | $9M | $10M | $10M | $8M | $5M | $5M | $12M | $12M | $6M | $11M |
| Pre-tax income | $104M | $105M | $120M | $117M | $124M | $190M | $235M | $242M | $232M | $195M |
| Income tax | $25M | $26M | $15M | $21M | $23M | $35M | $46M | $47M | $50M | $46M |
| Net income | $79M | $78M | $106M | $95M | $100M | $154M | $187M | $193M | $180M | $147M |
| EPS (diluted) | $1.65 | $1.65 | $2.23 | $2.03 | $2.14 | $3.25 | $3.97 | $4.11 | $3.86 | $3.22 |
| Diluted shares | 47M | 47M | 47M | 47M | 47M | 47M | 47M | 47M | 46M | 46M |
| Gross margin | 34.9% | 33.5% | 33.3% | 32.6% | 34.7% | 34.7% | 33.8% | 33.8% | 35.5% | 35.5% |
| Operating margin | 11.8% | 9.5% | 10.2% | 9.7% | 10.5% | 11.4% | 12.6% | 12.7% | 12.1% | 12.6% |
| Net margin | 8.3% | 6.9% | 8.2% | 7.3% | 8.1% | 9.3% | 9.2% | 9.4% | 8.9% | 6.9% |
Balance sheet
Fiscal years, from Franklin Electric Co's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $104M | $67M | $59M | $64M | $131M | $41M | $46M | $85M | $221M | $100M |
| Receivables | $146M | $171M | $173M | $173M | $160M | $196M | $230M | $222M | $227M | $248M |
| Inventory | $203M | $312M | $314M | $300M | $301M | $450M | $545M | $509M | $484M | $553M |
| Total current assets | $484M | $589M | $580M | $567M | $619M | $725M | $858M | $854M | $964M | $959M |
| Property, plant and equipment | $196M | $216M | $207M | $201M | $209M | $211M | $215M | $230M | $224M | $252M |
| Goodwill | $200M | $237M | $249M | $256M | $267M | $330M | $328M | $342M | $339M | $398M |
| Total assets | $1.0B | $1.2B | $1.2B | $1.2B | $1.3B | $1.6B | $1.7B | $1.7B | $1.8B | $1.9B |
| Total current liabilities | $158M | $246M | $256M | $186M | $204M | $396M | $406M | $287M | $434M | $344M |
| Long-term debt | $157M | $126M | $94M | $93M | $92M | $91M | $89M | $88M | $12M | $135M |
| Total liabilities | $425M | $483M | $447M | $396M | $422M | $627M | $624M | $519M | $552M | $619M |
| Shareholders' equity | $613M | $701M | $734M | $797M | $848M | $947M | $1.1B | $1.2B | $1.3B | $1.3B |
| Net debt | $86M | $159M | $147M | $51M | -$36M | $148M | $170M | $15M | -$91M | $67M |
Cash flow
Fiscal years, from Franklin Electric Co's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $115M | $67M | $128M | $178M | $212M | $130M | $102M | $316M | $261M | $239M |
| Capital spending | $39M | $33M | $22M | $22M | $23M | $30M | $42M | $41M | $42M | $45M |
| Free cash flow | $76M | $33M | $106M | $156M | $189M | $100M | $60M | $274M | $220M | $194M |
| Stock-based compensation | $7M | $7M | $8M | $9M | $10M | $12M | $11M | $10M | $12M | $13M |
| Dividends paid | $19M | $20M | $23M | $28M | $30M | $33M | $37M | $42M | $47M | $50M |
| Share buybacks (net) | -$7M | -$4M | -$34M | -$11M | -$20M | -$26M | -$40M | -$43M | -$61M | -$166M |
| Net borrowing | $65M | $193M | $233M | $264M | $118M | $321M | $478M | $443M | $310M | $600M |
| Free cash flow margin | 8.0% | 3.0% | 8.2% | 11.9% | 15.2% | 6.0% | 2.9% | 13.3% | 10.9% | 9.1% |
| Dividends per share | $0.41 | $0.43 | $0.48 | $0.59 | $0.64 | $0.71 | $0.79 | $0.89 | $1.01 | $1.10 |
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What was Franklin Electric Co's revenue in 2025?
$2.1B in fiscal 2025, from its 10-K filing.
How much free cash flow does Franklin Electric Co generate?
$194M in fiscal 2025 (operating cash flow minus capital spending).
From Franklin Electric Co's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.