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Franklin Electric (FELE) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 28, 2026 · Franklin Electric (FELE) Q3 2026 earnings results →

Q3 2026 Revenue up 9% year over year to $634M · 10¢ of every $1 of revenue kept as net profit · operating margin 13.7%

Franklin Electric made $634M in Q3 2026 (+9% Y/Y): Water Systems $316M, Distribution $226M, Energy Systems $91.7M. Operating margin 13.7%, net earnings $61.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 28, 2026.

Revenue$634M
Year over year+9%
Operating margin13.7%
Net earnings$61.0M
Operating cash flow$80.5M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $633.6M in Q3 2026, up 9% year over year and up 2% from the previous quarter. Water Systems was the largest line at 50% of revenue. Distribution added $28.8M year over year (up 15%), 55% of the total change.

Gross margin was 35.4%, down 0.5 points from Q3 2025. Operating profit was $86.5M, a 13.7% margin (down 1.0 points year over year). Of the extra revenue versus Q3 2025, 3% reached operating profit, below the 15% margin then. Operating expenses grew 11% against revenue growth of 9%. Net earnings were $60.6M, up 262% year over year. The effective tax rate was 24.4%.

Operating cash flow was $80.5M (down 22% year over year), 132% of net earnings. Non-cash charges added back $19.2M of depreciation and amortization and $3.3M of share-based compensation. Capital expenditures of $14.0M left free cash flow of $66.5M.

Quarterly history

Franklin Electric revenue by quarterFranklin Electric revenue by quarter$455MQ1 2025$587MQ2 2025$582MQ3 2025$507MQ4 2025$500MQ1 2026$623MQ2 2026$634MQ3 2026
Franklin Electric net earnings by quarterFranklin Electric net earnings by quarter$31.0MQ1 2025$60.6MQ2 2025$17.2MQ3 2025$39.2MQ4 2025$34.7MQ1 2026$66.1MQ2 2026$61.0MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QOct 28, 2026$634M+9%13.7%$61.0M$80.5M
Q2 202610-QJul 29, 2026$623M+6%15.0%$66.1M$99.6M
Q1 202610-QApr 29, 2026$500M+10%9.6%$34.7M−$40.9M
Q4 202510-KFeb 20, 2026$507M+4%10.2%$39.2M$104M
Q3 202510-QOct 30, 2025$582M+10%14.6%$17.2M$103M
Q2 202510-QJul 31, 2025$587M+8%15.0%$60.6M$51.5M
Q1 202510-QMay 1, 2025$455M-1%9.7%$31.0M−$19.5M

Charts

Franklin Electric: revenue growth, year over year and quarter over quarterFranklin Electric: revenue growth, year over year and quarter over quarterY/YQ/Q-1%Q1 2025+8%+29%Q2 2025+10%-1%Q3 2025+4%-13%Q4 2025+10%-1%Q1 2026+6%+24%Q2 2026+9%+2%Q3 2026
Latest (Q3 2026): Y/Y +9%, Q/Q +2%.
Franklin Electric: where the cash came from (+) and went (−), TTM to Q3 2026Franklin Electric: where the cash came from (+) and went (−), TTM to Q3 2026Acquisitions−$390MNet borrowing (+) / repaid (−)$357MOperating cash flow$243MBuybacks−$61.1MCash drawn (+) / kept (−)−$56.2MDividends−$50.1MCapital spending−$49.9MShares issued$7.5MOther financing−$2.3MAsset & business sales$1.8MExchange rates−$332KOther investing−$14K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Franklin Electric: profit against cash, quarter by quarterFranklin Electric: profit against cash, quarter by quarterNet incomeOperating cash flow$34.3M$110MQ4 2024$31.4M−$19.5MQ1 2025$60.6M$51.5MQ2 2025$17.2M$103MQ3 2025$39.6M$104MQ4 2025$34.7M−$40.9MQ1 2026$66.1M$99.6MQ2 2026$61.0M$80.5MQ3 2026
Latest (Q3 2026): Net income $61.0M, Operating cash flow $80.5M.
Franklin Electric: diluted shares by fiscal yearFranklin Electric: diluted shares by fiscal year47MFY202047MFY202147MFY202247MFY202346MFY202446MFY2025
-2.6% since FY2020: buybacks shrank the count.
Franklin Electric in its industry: growth against margin (5 companies, SIC 3621)Franklin Electric in its industry: growth against margin (5 companies, SIC 3621)revenue growth, year over year →↑ operating marginmedian +43%median 12%GNRCINIOAMSCSCWOFELE (+9%, 14%)
Motors & Generators; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Franklin Electric

Franklin Electric Co., Inc. (“Franklin Electric” or the “Company”) is an Indiana corporation founded in 1944 and incorporated in 1946. Named after America’s pioneer electrical engineer, Benjamin Franklin, Franklin Electric manufactured the first water-lubricated submersible motor for water systems and the first submersible motor for fueling systems. With 2025 revenue of approximately $2.1 billion, the Company designs, manufactures and distributes water and fuel pumping systems, composed primarily of submersible motors, pumps, electronic controls, water treatment systems, and related parts and equipment.

In its own words, from its 10-K, filed Feb 20, 2026.

Franklin Electric against its Motors & Generators peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +9% against the peers' median +43%. Operating margin: 13.7% against the peers' median 12.4%.

CompanyQuarterRevenueY/YOp. margin
FELE Franklin ElectricQ3 2026$634M+9%13.7%
GNRC Generac HoldingsQ3 2026$1.3B+16%12.4%
INIO Innio N.V.Q3 2026$1.2B+57%16.6%
AMSC American SuperconductorQ2 FY27$94.0M+43%5.7%
SCWO 374WaterQ2 2026$2.3M+280%-71.7%

Source: Franklin Electric 10-Q on SEC EDGAR · CIK 38725 · Motors & Generators

Guidance and outlook

Franklin Electric Revenue: guidance against what was reportedFranklin Electric Revenue: guidance against what was reportedguided rangereported (above / within / below)FY2024$2.0BFY2025$2.1BFY2026
Met or beat 2 of 2 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.
Franklin Electric: what its forward-looking statements are about (10-Q filed 2026-07-29)Franklin Electric: what its forward-looking statements are about (10-Q filed 2026-07-29)Other3Costs1Financing1Buybacks & dividends1
6 statements; tone -0.17 (−1 all cautious, +1 all confident); 1 hedged.
Franklin Electric: outlook statements against the filing beforeFranklin Electric: outlook statements against the filing beforeCautious1

13F: who owns FELE and who is buying

Largest holders of FELE (13F)Largest holders of FELE (13F)BlackRock$698MVanguard Group$414MVanguard Portfolio Management LLC$256MState Street$210MMorgan Stanley$191MVanguard Capital Management LLC$182MEarnest Partners LLC$144MAllspring Global Investments Hold…$135MImpax Asset Management Group$126MDimensional Fund Advisors LP$118M
Funds' net buying of FELE by quarter (13F)Funds' net buying of FELE by quarter (13F)−$41.7M2024-09−$41.4M2024-12$71.3M2025-03$8.8M2025-06−$13.9M2025-09−$54.2M2025-12$166M2026-03−$4.8M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on FELE

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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