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Franklin Electric FELE Water Systems — Net Sales

Other segment segments

Consolidated
$622.9M+6.0%
Distribution
$221.1M+10.5%
Energy Systems
$80.2M+3.5%

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Other financials

Income statement

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Revenue$622.9M+6.0%
Gross profit$230.6M+8.9%
Operating income$93.6M+6.2%
Net income$65.7M+9.3%
EPS (diluted)$1.46+11.5%

Balance sheet

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Cash & equivalents$97.3M-7.0%
Total debt$416.8M-32.4%
Total equity$1.4B+11.5%
Total assets$2.2B+6.6%

Cash flow

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Operating cash flow$99.6M+93.5%
CapEx$10.9M-5.8%
Free cash flow$88.7M+122%

Valuation

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Market cap$4.83B+15.5%
Enterprise value$5.15B+9.7%
P/E31×+7.6×
P/S2.2×+0.2×

Profitability

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Gross margin35.5%+0.1pp
Operating margin12.6%+0.5pp
Net margin7.1%-1.7pp
FCF margin9.9%-0.7pp

Returns & leverage

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Return on equity11.7%-2.7pp
Debt / equity0.3×-0.2×
Current ratio2.4×+0.7×

Where this comes from

Reported directly by Franklin Electric in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Franklin Electric’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 10:51 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000038725-26-000055
Second Quarter Ended June 30, 2026Water SystemsDistributionEnergy SystemsTotal
(In millions)
External sales$321.6$221.1$80.2$622.9
Intersegment sales36.936.9
$358.5$221.1$80.2$659.8
Elimination of intersegment sales$(36.9)
Total consolidated sales$622.9
Cost of sales$230.7$161.5$36.9
Selling, general and administrative expenses62.239.910.9

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Franklin Electric's water systems — net sales?
Franklin Electric (FELE) reported water systems — net sales of $358.5M in Q2 2026.
How has Franklin Electric's water systems — net sales changed year-over-year?
Franklin Electric's water systems — net sales increased by 5.2% year-over-year, from $340.8M to $358.5M.
What is the long-term trend for Franklin Electric's water systems — net sales?
Over 4 years (2021 to 2025), Franklin Electric's water systems — net sales has grown at a 6.9% compound annual growth rate (CAGR), from $963.6M to $1.26B.
What does water systems — net sales mean?
The total revenue generated by the Water Systems segment from the sale of motors, pumps, drives, and related water management equipment, net of returns, allowances, and discounts. It serves as the primary indicator of market demand and top-line performance for this business unit.

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