Filing Flows › Industrials › Forgent Power Solutions (FPS)
Forgent Power Solutions (FPS) earnings and revenue breakdown
Latest: Q4 FY26 · 10-K filed Sep 15, 2026 · Forgent Power Solutions (FPS) Q4 FY26 earnings results →
Q4 FY26 Revenue up 94% year over year to $462M · 12¢ of every $1 of revenue kept as net profit · operating margin 19.9%
Forgent Power Solutions made $462M in Q4 FY26 (+94% Y/Y): Custom products $292M, Powertrain solutions $147M, Services $12.3M. Operating margin 19.9%, net earnings $53.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-K filed Sep 15, 2026.
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What changed this quarter
Revenue was $461.7M in Q4 FY26, up 94% year over year and up 22% from the previous quarter. Custom products was the largest line at 63% of revenue.
Gross margin was 36.1%, up 2.6 points from a year earlier. Operating profit was $91.9M, a 19.9% margin (up 16.4 points year over year). Of the extra revenue versus a year earlier, 37% reached operating profit, above the 3% margin then. Operating expenses grew 5% against revenue growth of 94%. Net earnings were $53.3M. The effective tax rate was 17.9%.
Operating cash flow was $73.9M, 112% of net income including minority interests. Non-cash charges added back $16.5M of depreciation and amortization and $4.5M of share-based compensation. Working capital and other items used $13.2M. Capital expenditures of $31.3M left free cash flow of $42.6M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q4 FY26 | 10-K | Sep 15, 2026 | $462M | +94% | 19.9% | $53.3M | $73.9M |
| Q3 FY26 | 10-Q | May 14, 2026 | $379M | +103% | 10.4% | $18.3M | $29.2M |
| Q2 FY26 | 10-Q | Mar 16, 2026 | $296M | +69% | 6.8% | −$91K | — |
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About Forgent Power Solutions
Forgent Power Solutions, Inc. is a Delaware corporation, and its shares of Class A common stock trade on the New York Stock Exchange under the symbol “FPS”. Unless the context otherwise requires, references to “we,” “us,” “our,” “Forgent,” the “Company,” and other similar references refer to Forgent Power Solutions, Inc. and, unless otherwise stated, all of its subsidiaries. References to “Existing Opco LLC Owners” refer collectively to Forgent Parent II LP and Forgent Parent III LP. For more information on the Company's initial public offering (“IPO”), reorganization transactions, and follow-on offerings, please see Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Part II of this Form 10-K.
In its own words, from its 10-K, filed Sep 15, 2026.
Forgent Power Solutions against its Electrical Industrial Apparatus peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +94% against the peers' median +21%. Operating margin: 19.9% against the peers' median 12.4%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| FPS Forgent Power Solutions | Q4 FY26 | $462M | +94% | 19.9% |
| BE Bloom Energy | Q3 2026 | $1.2B | +138% | 18.2% |
| WWD Woodward | Q3 FY26 | $1.1B | +21% | 17.4% |
| PLUG Plug Power | Q2 2026 | $178M | +2% | -36.0% |
| EAF Graftech International | Q3 2026 | $140M | -3% | -16.2% |
| EROC ERock | Q2 2026 | $39.9M | -42% | -49.8% |
| FCEL Fuelcell Energy | Q3 FY26 | $33.0M | -29% | -141.4% |
| SCIA SCI Engineered Materials | Q3 2026 | $8.1M | +52% | 12.4% |
Source: Forgent Power Solutions 10-K on SEC EDGAR · CIK 2080126 · Electrical Industrial Apparatus
13F: who owns FPS and who is buying
More on FPS
- How Forgent Power Solutions makes money: revenue by segment
- Forgent Power Solutions next earnings date and what analysts expect
- Forgent Power Solutions stock forecast, price target and fair value
- Who owns Forgent Power Solutions stock: holders, funds and Congress trades
- Is Forgent Power Solutions a takeover target? LBO and rumors
History
Every quarter: Q4 FY26 results · Q3 FY26 results · Q2 FY26 results