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Financial statements

Forgent Power Solutions, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 2 fiscal years, taken from the XBRL data Forgent Power Solutions, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2026FY2026
Revenue7531,420
Cost of revenue475922
Gross profit278498
Selling, general and administrative146263
Operating expenses206315
Operating income72.2182
Interest expense54.857.1
Interest income5.562.79
Other non-operating income-49.5-55.1
Pre-tax income22.8127
Income tax5.3421.4
Net income to minority interests2.2524.2
Net income15.281.8
EBITDA137249

Balance sheet

FY2026FY2026
Cash and equivalents11197.5
Receivables160330
Inventory118250
Other current assets6.4610.3
Total current assets445818
Property, plant and equipment108205
Lease right-of-use assets118108
Goodwill517517
Intangible assets337289
Other non-current assets11.712.2
Total assets1,5372,231
Accounts payable61.9130
Accrued liabilities79.5122
Deferred revenue111264
Short-term debt5.176
Total current liabilities282531
Long-term debt497576
Lease liabilities121113
Total liabilities9631,559
Total debt502582
Paid-in capital485
Retained earnings79.3
Shareholders' equity564
Minority interests107
Total equity671
Total liabilities and equity1,5372,231

Cash flow statement

FY2026FY2026
Net income17.4106
Depreciation and amortization64.966.9
Stock-based compensation1.7810
Deferred income tax-15.714.6
Change in receivables-78.5-173
Change in inventory-34.5-143
Change in payables35.268.5
Cash from operations45109
Capital expenditures-84.1-116
Acquisitions00
Cash from investing-84.1-116
Debt issued0594
Debt repaid-5.17-513
Cash from financing-3617.2
Net change in cash-75.110.4
Free cash flow-39.1-6.82
Interest paid54.648.2
Income taxes paid7.3913.7

Key metrics

Worked out from the statements above. Latest values use fiscal 2026. Valuation uses the share price of $38.97 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin35.0%Gross profit / revenue.
Operating margin12.9%Operating income / revenue.
EBITDA margin17.6%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin9.0%Pre-tax income / revenue.
Net margin5.8%Net income / revenue.
FCF margin-0.5%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin7.7%Cash from operations / revenue.
Effective tax rate16.8%Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)14.5%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)4.3%Net income / average total assets.
Return on invested capital (ROIC)14.5%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue18.5%Selling, general and administrative expense / revenue.
Stock-based pay / revenue0.7%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue8.2%Capital expenditures / revenue.
D&A / revenue4.7%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y88.5%Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y79.0%Gross profit vs the same period a year earlier. Only from a positive base.
Operating income growth, 1y152.6%Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y81.9%EBITDA vs the same period a year earlier. Only from a positive base.
Net income growth, 1y438.6%Net income vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y142.3%Operating cash flow vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y45.2%Total assets vs the same period a year earlier. Only from a positive base.

Balance sheet health

MetricValueHow it is calculated
Current ratio1.54xCurrent assets / current liabilities.
Quick ratio0.80x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.18x(Cash + short-term investments) / current liabilities.
Debt / equity1.03xTotal debt / shareholders' equity. Not shown when equity is negative.
Debt / assets26.1%Total debt / total assets.
Liabilities / assets69.9%Total liabilities / total assets.
Net debt$484.7MTotal debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA1.94xNet debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage3.19xOperating income / interest expense.
Working capital$286.8MCurrent assets - current liabilities.
Goodwill and intangibles / assets36.1%(Goodwill + intangible assets) / total assets.
Tangible book value-$241.8MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.75xRevenue / average total assets.
Fixed asset turnover9.07xRevenue / average property, plant and equipment.
Inventory turnover5.02xCost of revenue / average inventory.
Days inventory73 days365 x average inventory / cost of revenue.
Receivables turnover5.80xRevenue / average receivables.
Days sales outstanding63 days365 x average receivables / revenue.
Days payables38 days365 x average accounts payable / cost of revenue.
Cash conversion cycle98 daysDays inventory + days sales outstanding - days payables.
FCF conversion-8.3%Free cash flow / net income, when net income is positive.
Capex / operating cash flow106.3%Capital expenditures / cash from operations, when that is positive.

Valuation

MetricValueHow it is calculated
Market cap$11.86BShare price x shares outstanding.
Enterprise value$12.35BMarket cap + total debt - cash - short-term investments.
P/E145xMarket cap / net income. Only when net income is positive.
P/S8.35xMarket cap / revenue.
P/B21.0xMarket cap / shareholders' equity. Only when equity is positive.
P/OCF109xMarket cap / cash from operations, when positive.
EV/Sales8.70xEnterprise value / revenue.
EV/EBIT67.7xEnterprise value / operating income, when both are positive.
EV/EBITDA49.5xEnterprise value / EBITDA, when both are positive.
FCF yield-0.1%Free cash flow / market cap.
Earnings yield0.7%Net income / market cap (the inverse of P/E).
What was Forgent Power Solutions, Inc.'s revenue in fiscal 2026?

Forgent Power Solutions, Inc. reported revenue of $1.42B for fiscal 2026, 88.5% higher than the year before.

Was Forgent Power Solutions, Inc. profitable in fiscal 2026?

Yes. Net income was $81.8M, a net margin of 5.8%.

How much free cash flow did Forgent Power Solutions, Inc. generate in fiscal 2026?

Cash from operations of $109.1M minus capital expenditures of $115.9M left free cash flow of -$6.8M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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