# Forgent Power Solutions (FPS.US)

Canonical: https://gigainvestors.com/s/FPS

Analysis as of: 2026-10-16T07:28:37.521Z. 

Listing currency: USD. Reporting currency: USD.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: fail; earnings resilience is evidence only). Published buy qualification: no.

Share price: $32.37 per share; close as of 2026-10-15.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

- [Dan Davidowitz](https://gigainvestors.com/pcm): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

Down 42% since Jun 2026

Story as of 2026-10-16T10:01:27.229Z; price observation 2026-10-15.

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in electrical equipment & parts; annual sales are USD 1.4 billion.

- Source: https://www.sec.gov/Archives/edgar/data/2080126/000208012626000035/fps-20260630.htm (filed 2026-09-15); FY2026: revenue 1420059000; grossProfit 445375000; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); FPS.US: Forgent Power Solutions, Inc. engages in the design and manufacture of electrical distribution equipment used in data centers, the power grid, and energy-intensive industrial facilities. The company's products include dry type transformers, liquid filled transformers, switchgear, switchboards, panelboards, remote power panels, generator connection cabinets, tap boxes, automatic transfer switches, gear ehouses, power skids, power distribution units, and ups ehouses. It also provides maintenance, testing, repair, modernization, start-up and commissioning and aftermarket retrofit services. It serves technology, power, utility and industrial companies. The company was founded in 2023 and is based in Dayton, Minnesota.

### Why customers stay

Margins ranged from 31.4% to 37.4% during 2024–26.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-09-15); FY2024: grossProfit / revenue = 37.4%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-09-15); FY2025: grossProfit / revenue = 36.9%.

- Source: https://www.sec.gov/Archives/edgar/data/2080126/000208012626000035/fps-20260630.htm (filed 2026-09-15); FY2026: grossProfit / revenue = 31.4%.

### Where the cash goes

Reinvests 59.9% of cash earnings; paid dividends in 2 of 3 years.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-09-15); FY2024: growth capex 0; upkeep 2907000; cash acquisitions 741743000; owner earnings 576000. Growth capex plus acquisitions / owner earnings = 1287.748263888889.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-09-15); FY2025: growth capex 19251000; upkeep 64864000; cash acquisitions 0; owner earnings 15196000. Growth capex plus acquisitions / owner earnings = 1.2668465385627796.

- Source: https://www.sec.gov/Archives/edgar/data/2080126/000208012626000035/fps-20260630.htm (filed 2026-09-15); FY2026: growth capex 49006000; upkeep 66899000; cash acquisitions 0; owner earnings 81845000. Growth capex plus acquisitions / owner earnings = 0.5987659600464292.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-09-15); Dividend observations: [[2024,0],[2025,13269000],[2026,1440000]]. Zero only counted when supported by a complete cash-flow statement.

- Source: https://www.sec.gov/Archives/edgar/data/2080126/000208012626000035/fps-20260630.htm (filed 2026-09-15); FY2026: cash repurchases 1524964000 USD.

### Are managers owners

Insiders own 0.1% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); FPS.US SharesStats.PercentInsiders = 0.13699999999999998 percentage points; cache date 2026-10-16.

### What the price says

The price is 5.6 times annual sales.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-09-15); Closing price 32.37 USD; reporting-to-trading FX 1; FY2026 annual sales per share 5.824640486952527; price multiple 5.557424543628117. FY2026 cash earnings/share 0.3357027423893159. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2026-02: $34.39 per share

- 2026-03: $29.27 per share

- 2026-04: $37.62 per share

- 2026-05: $54.66 per share

- 2026-06: $55.86 per share

- 2026-07: $33.27 per share

- 2026-08: $30.54 per share

- 2026-09: $37.44 per share

- 2026-10: $32.37 per share

## Annual estimated value (USD per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

[Original 10-K filing](https://www.sec.gov/Archives/edgar/data/2080126/000208012626000035/fps-20260630.htm); period 2026-06-30, filed 2026-09-15.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.