Filing Flows › Franklin Electric (FELE) › How it makes money
How Franklin Electric (FELE) makes money
Franklin Electric (FELE) made $634M of revenue in the third quarter 2026 (Q3 2026), +9% from a year earlier. Water Systems brought in $316M (50%); Distribution brought in $226M (36%); Energy Systems brought in $91.7M (14%). Of every dollar of revenue, 35¢ was left as gross profit, 14¢ was left as operating profit, 10¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Water Systems | $316M | 49.8% | — | +4% |
| Distribution | $226M | 35.7% | — | +15% |
| Energy Systems | $91.7M | 14.5% | — | +15% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $634M | 100.0% |
| Cost of revenue | $410M | 64.6% |
| Gross profit | $224M | 35.4% |
| Operating expenses | $138M | 21.7% |
| Operating profit | $86.5M | 13.7% |
| Income tax | $19.7M | 3.1% |
| Net earnings | $61.0M | 9.6% |
| Operating cash flow | $80.5M | 12.7% |
| Free cash flow | $66.5M | 10.5% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $634M | +9% |
| Q2 2026 | $623M | +6% |
| Q1 2026 | $500M | +10% |
| Q4 2025 | $507M | +4% |
| Q3 2025 | $582M | +10% |
| Q2 2025 | $587M | +8% |
| Q1 2025 | $455M | -1% |
From Franklin Electric's 10-Q filed Oct 28, 2026 (on EDGAR).
Questions
How does Franklin Electric make money?
Franklin Electric (FELE) made $634M of revenue in the third quarter 2026 (Q3 2026), +9% from a year earlier. Water Systems brought in $316M (50%); Distribution brought in $226M (36%); Energy Systems brought in $91.7M (14%). Of every dollar of revenue, 35¢ was left as gross profit, 14¢ was left as operating profit, 10¢ was left as net earnings.
What is Franklin Electric's biggest business?
Water Systems: $316M in the third quarter 2026, 50% of revenue, +4% from a year earlier.
What is Franklin Electric's profit margin?
Net earnings were $61.0M, 9.6% of revenue, in the third quarter 2026; the operating margin was 13.7%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.