Fluence Energy vs Forgent Power Solutions
Fluence Energy is the larger business, with $2.26bn of revenue in fiscal 2025 against $1.42bn for Forgent Power Solutions (1.6 times as much). Forgent Power Solutions grew faster (88.5% against -16.1%). Forgent Power Solutions kept more of each dollar of sales as profit: a net margin of 5.8% against -2.1%.
| Latest fiscal year | Fluence EnergyFLNC, 2025 | Forgent Power SolutionsFPS, 2026 |
|---|---|---|
| Revenue | $2.26bn | $1.42bn |
| Revenue growth | -16.1% | 88.5% |
| Net income | −$48.3m | $81.8m |
| Operating margin | — | 12.9% |
| Net margin | -2.1% | 5.8% |
| Return on equity | -10.7% | 14.5% |
| Free cash flow | −$160m | −$6.8m |
| Cash | $691m | $97.5m |
| Total debt | $391m | $599m |
| Debt to equity | — | 106.1% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 1,670 | — |
| Market value | $756m | $7.37bn |
| Price vs our value range | — | — |
| Moat score | 15 (Weak) | — |
| Insider trades, 12 months | 2 buys, 8 sales | 0 buys, 12 sales |