Forgent Power Solutions, Inc. (FPS) Stock

Forgent Power Solutions, Inc. (FPS) is a Industrials stock trading at $35.87 (as of 2026-07-24), with a market capitalization of $8.39B and a trailing P/E of 266.3. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Forgent Power Solutions, Inc. designs and manufactures electrical distribution equipment for data centers, the power grid, and energy-intensive industrial facilities, including items such as automatic transfer switches, switchgear and transformers, and related distribution and power systems. It also provides maintenance, testing, repair, modernization, start-up and commissioning, and aftermarket retrofit services for technology, power, utility, and industrial customers.

Understand Forgent Power Solutions, Inc.: how it makes money

Forgent Power Solutions designs and manufactures electrical distribution equipment for data centers, the power grid, and energy-intensive industrial facilities, and makes money by selling these customized and related power distribution products and services.

Profit largely depends on product mix, with Custom Products making up about 79% of the mix (largest driver), so demand and pricing for custom electrical distribution equipment have outsized impact on results.

Revenue by segment (latest quarter)
Custom$0.3B
Powertrain$0.1B
Trained$0.1B

Business quality (Weak): The provided data shows a clear operating focus on custom electrical distribution products (79% mix) and order momentum via Book-to-Bill Ratio (2.3), but the dataset does not include segment margins, backlog visibility, or recurring revenue details, which limits how precisely you can judge forward profitability.

Valuation: At 705× earnings, FPS trades 1894% above the Electrical Equipment average (35×). Note: one-time items can distort reported P/E.

Bull case

  • Order momentum: Book-to-Bill Ratio is 2.3, indicating new orders are exceeding what is being recognized as revenue in the measured period.
  • Product mix tilt to custom work: Custom Products are the majority of mix at 79%, which can concentrate upside if customer demand stays strong for custom engineered electrical distribution solutions.

Bear case

  • Concentration in custom products: With Custom Products at 79% of the mix, any slowdown in demand for custom electrical distribution equipment could disproportionately affect revenue composition.
  • Limited services contribution (as provided): Services Mix is 2%, so results may be less supported by services compared with companies that have higher recurring or services-led revenue.
Valuation — source: SEC EDGAR (first-party)
Price$35.87
Market Cap$8.39B
P/E Ratio266.3
EV / EBITDA62.9
Price / Book14.40
Price / Sales8.09
FCF Yield-1.1%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$753.19M
Net Margin2.3%
Revenue Growth (YoY)103.4%
FCF Growth (YoY)-640.6%
Valuation vs Sector & Industry
Stock P/E266.3
Sector P/E (Industrials)28.3
Industry P/E (Electrical Equipment)41.3
vs Sector842.1%
vs Industry544.4%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderFMR LLC ($250.17M)
Institutional Holders Tracked10
Company
SectorIndustrials
IndustryElectrical Equipment
CEOGary John Niederpruem
CountryUS
IPO Date2026-02-05

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FPS earnings history · FPS institutional & insider holders · FPS KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.