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How Forgent Power Solutions (FPS) makes money

Forgent Power Solutions (FPS) made $462M of revenue in the fourth quarter fiscal 2026 (Q4 FY26). Custom products brought in $292M (63%); Powertrain solutions brought in $147M (32%); Services brought in $12.3M (3%). Of every dollar of revenue, 36¢ was left as gross profit, 20¢ was left as operating profit, 12¢ was left as net earnings.

Drawing the Sankey…

Forgent Power Solutions revenue by segment, Q4 FY26Forgent Power Solutions revenue by segment, Q4 FY26Custom products$292MPowertrain solutions$147MServices$12.3MStandard products$11.2M
Forgent Power Solutions: revenue by line, Q2 FY26 to Q4 FY26Forgent Power Solutions: revenue by line, Q2 FY26 to Q4 FY26Custom productsPowertrain solutionsStandard productsServicesCustom products: $292M latest$292MPowertrain solutions: $147M latest$147MStandard products: $11.2M latestServices: $12.3M latestQ2 FY26Q3 FY26Q4 FY26
Powertrain solutions went from 16% of revenue in Q2 FY26 to 32% in Q4 FY26, the largest shift in the mix.
Forgent Power Solutions revenue by quarterForgent Power Solutions revenue by quarter$296MQ2 FY26$379MQ3 FY26$462MQ4 FY26
Forgent Power Solutions: where each dollar of revenue goesForgent Power Solutions: where each dollar of revenue goesCost of revenue64¢Gross profit36¢Operating expenses16¢Operating profit20¢Income tax3¢Net earnings12¢Operating cash flow16¢Free cash flow9¢

Revenue by segment, Q4 FY26

SegmentRevenueShareQ/QY/Y
Custom products$292M63.1%+12%—
Powertrain solutions$147M31.8%+48%—
Services$12.3M2.7%+69%—
Standard products$11.2M2.4%-15%—

Where each dollar of revenue goes

LineQ4 FY26% of revenue
Revenue$462M100.0%
Cost of revenue$295M63.9%
Gross profit$167M36.1%
Operating expenses$74.8M16.2%
Operating profit$91.9M19.9%
Income tax$14.4M3.1%
Net earnings$53.3M11.5%
Operating cash flow$73.9M16.0%
Free cash flow$42.6M9.2%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q4 FY26$462M+94%
Q3 FY26$379M+103%
Q2 FY26$296M+69%

From Forgent Power Solutions' 10-K filed Sep 15, 2026 (on EDGAR).

Questions

How does Forgent Power Solutions make money?

Forgent Power Solutions (FPS) made $462M of revenue in the fourth quarter fiscal 2026 (Q4 FY26). Custom products brought in $292M (63%); Powertrain solutions brought in $147M (32%); Services brought in $12.3M (3%). Of every dollar of revenue, 36¢ was left as gross profit, 20¢ was left as operating profit, 12¢ was left as net earnings.

What is Forgent Power Solutions' biggest business?

Custom products: $292M in the fourth quarter fiscal 2026, 63% of revenue.

What is Forgent Power Solutions' profit margin?

Net earnings were $53.3M, 11.5% of revenue, in the fourth quarter fiscal 2026; the operating margin was 19.9%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.