Forgent Power Solutions
Builds custom electrical-distribution equipment and factory-integrated power systems.
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Profile
Designs and builds custom electrical-distribution equipment and factory-integrated power systems for data centers, grid infrastructure and industrial facilities. Revenue comes mainly from engineered-to-order products and powertrain solutions, while the listed corporation consolidates its operating company through an Up-C structure.
Designs, engineers, manufactures and services electrical-distribution equipment that links power sources to loads in data centers, grid infrastructure and energy-intensive industrial facilities. Product lines include transformers, switchgear, transfer switches, panelboards, generator-connection cabinets, power skids and electrical houses, plus installation, maintenance and commissioning.
Builds much of the work to order, combining application engineering, in-house production of bottleneck equipment and factory-integrated powertrain systems. Customers include technology, power, utility and industrial companies, OEMs, integrators, contractors and distributors; substantially all revenue comes from North America.
Operates as one reporting segment after combining MGM Transformers, PwrQ, States Manufacturing and VanTran. Demand, capacity ramp-up, materials and specialized-supplier availability shape execution. The listed corporation controls and consolidates its operating company through an indirect managing-member interest in an Up-C structure.
Company facts
Key statistics
Year to date +4.9% · Average volume (30d) 6.7M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| Jul 15, 2026 | Robert W. Baird | Target | $55 | |
| Jul 9, 2026 | Wolfe Research | Reiterate | Outperform | $60 |
| May 29, 2026 | Jefferies | Target | $56 | |
| May 17, 2026 | Morgan Stanley | Target | $51 | |
| May 15, 2026 | TD Securities | Target | $63 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| May 14, 2026Q3 FY25 | $0.16 | $0.18 | +13.6% | $329.6M | $378.7M | +14.9% | −10.30% |
| Mar 16, 2026Q2 FY25 | $0.12 | $0.15 | +25.0% | $286.6M | $296.4M | +3.4% | +4.17% |
| Jan 9, 2026Q2 FY25 | — | $0.13 | — | — | $283.3M | — | — |
Financial highlights
| 5 quarters | — | Q1 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | |
|---|---|---|---|---|---|---|---|
| Revenue | — | $154.0M | $237.6M | $283.3M | $296.4M | $378.7M | |
| Gross profit | — | $66.4M | $79.7M | $84.7M | $88.2M | $117.9M | |
| Operating income | — | $22.6M | −$27.4M | $31.2M | $20.1M | $61.8M | |
| Net income | — | $6.3M | −$23.9M | $10.0M | $246.0K | $18.3M | |
| Diluted EPS | — | $0.03 | −$0.10 | $0.04 | $0.00 | $0.06 | |
| Gross margin | — | 43.1% | 33.5% | 29.9% | 29.8% | 31.1% | |
| Operating margin | — | 14.7% | -11.5% | 11.0% | 6.8% | 16.3% |
Balance sheet, Mar 31, 2026Cash & short-term investments $93.8M · Total debt $707.6M · Total assets $1.85B · Shareholders' equity $446.5M
Dividends
No dividends on record.
Ownership
Shares outstanding 259.97M · Float 72.95M · 28.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Coatue Management LLC | 20.50M | 7.89% | 13F | Aug 14, 2026 |
| FMR LLC | 10.51M | 4.04% | 13F | Aug 13, 2026 |
| Jupiter Topco LLC | 8.46M | 3.25% | 13F | Aug 14, 2026 |
| Invesco Ltd. | 7.14M | 2.75% | 13F | Aug 14, 2026 |
| BlackRock, Inc. | 6.67M | 2.56% | 13F | Aug 7, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Vertiv
Head-to-head in data-center critical power and integrated infrastructure.
- Eaton
Head-to-head in transformers, medium-voltage switchgear and data-center power.
- GE Vernova
Head-to-head in North American custom transformers and grid projects.
- Hubbell
Head-to-head in data-center power distribution and turnkey grid systems.
- nVent Electric
Head-to-head in custom data-center switchgear, PDUs and power skids.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Forgent Power Solutions | $30.73 | +1.02% | $7.90B | 7,069.8 | 29.3 | 6.6 | — |
| Vertiv | $259.11 | +0.86% | $98.97B | 58.2 | 32.8 | 8.6 | +24.1% |
| Eaton | $403.75 | +0.23% | $156.40B | 41.0 | 26.9 | 5.2 | +21.4% |
| GE Vernova | $914.10 | +0.30% | $242.88B | 26.2 | 43.5 | 5.9 | +21.9% |
| Hubbell | $464.00 | +0.93% | $24.29B | 27.2 | 21.3 | 3.9 | +15.3% |
| nVent Electric | $148.53 | +0.01% | $24.01B | 40.7 | 25.6 | 5.0 | +52.8% |
| Median | 40.7 | 26.9 | 5.2 | +21.9% |