Franklin Electric Co Inc income statement
In fiscal 2025, Franklin Electric Co Inc reported revenue of $2.13bn, up 5.4% on the year before, operating income of $269m (a 12.6% margin) and net income of $147m, or $3.22 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Jan 2010 | 2010Jan 2011 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Jan 2015 | 2015Jan 2016 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 626 | 714 | 821 | 891 | 965 | 1,048 | 925 | 950 | 1,125 | 1,298 | 1,315 | 1,247 | 1,662 | 2,044 | 2,065 | 2,021 | 2,131 | 2,264 |
| Cost of revenue | 442 | 484 | 549 | 590 | 634 | 703 | 627 | 618 | 748 | 866 | 886 | 814 | 1,086 | 1,352 | 1,368 | 1,304 | 1,375 | 1,463 |
| Gross profit | 184 | 230 | 272 | 302 | 332 | 344 | 298 | 331 | 377 | 432 | 428 | 433 | 576 | 691 | 697 | 717 | 756 | 801 |
| Research and development | 7 | 8 | 8 | 10 | 17 | 19 | 18 | 22 | 21 | 22 | 21 | 22 | 17 | 17 | 18 | 22 | 20 | — |
| Selling, general and administrative | 134 | 161 | 177 | 188 | 204 | 228 | 204 | 220 | 265 | 299 | 298 | 300 | 386 | 432 | 433 | 470 | 486 | 512 |
| Operating income | 44 | 64 | 93 | 113 | 124 | 100 | 90 | 112 | 107 | 132 | 127 | 131 | 189 | 257 | 262 | 244 | 269 | 280 |
| Interest expense | 10 | 10 | 11 | 10 | 11 | 11 | 10 | 9 | 10 | 10 | 8 | 5 | 5 | 12 | 12 | 6 | 11 | 13 |
| Income before tax | 35 | 55 | 87 | 116 | 112 | 90 | 86 | 104 | 105 | 120 | 117 | 124 | 190 | 235 | 242 | 232 | 195 | 264 |
| Income tax | 11 | 15 | 23 | 32 | 29 | 19 | 13 | 25 | 26 | 15 | 21 | 23 | 35 | 46 | 47 | 50 | 46 | 63 |
| Net income | 23 | 39 | 63 | 83 | 82 | 70 | 73 | 79 | 78 | 106 | 95 | 100 | 154 | 187 | 193 | 180 | 147 | 200 |
| Diluted EPS | $0.50 | $0.82 | $1.33 | $1.73 | $1.68 | $1.41 | $1.50 | $1.65 | $1.65 | $2.23 | $2.03 | $2.14 | $3.25 | $3.97 | $4.11 | $3.86 | $3.22 | $4.47 |
| Diluted shares (average) | 47m | 47m | 47m | 48m | 48m | 48m | 48m | 47m | 47m | 47m | 47m | 47m | 47m | 47m | 47m | 47m | 46m | 45m |
| EBITDA | 69 | 88 | 119 | 141 | 155 | 137 | 126 | 148 | 146 | 171 | 164 | 167 | 234 | 308 | 315 | 300 | 332 | 350 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 486 | 455 | 587 | 582 | 507 | 500 | 623 | 634 |
| Cost of revenue | 322 | 291 | 376 | 373 | 335 | 325 | 392 | 410 |
| Gross profit | 164 | 164 | 212 | 209 | 171 | 175 | 231 | 224 |
| Selling, general and administrative | 118 | 120 | 124 | 123 | 120 | 123 | 132 | 137 |
| Operating income | 43 | 44 | 88 | 85 | 52 | 48 | 94 | 87 |
| Interest expense | 1 | 2 | 3 | 3 | 3 | 2 | 4 | 5 |
| Income before tax | 41 | 42 | 81 | 24 | 49 | 46 | 89 | 81 |
| Income tax | 6 | 10 | 20 | 6 | 9 | 11 | 23 | 20 |
| Net income | 34 | 31 | 60 | 17 | 39 | 34 | 66 | 61 |
| Diluted EPS | $0.72 | $0.67 | $1.31 | $0.37 | $0.87 | $0.77 | $1.46 | $1.35 |
| EBITDA | 57 | 59 | 104 | 101 | 68 | 65 | 111 | 106 |
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