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Franklin Electric Co., Inc. (FELE) 10-Year Financial Performance & Capital Metrics

FELE • • Industrial / General
IndustrialsIndustrial MachineryFluid Handling & Pumping SystemsWater & Fuel Pumping
AboutFranklin Electric Co., Inc., together with its subsidiaries, designs, manufactures, and distributes water and fuel pumping systems worldwide. It operates through three segments: Water Systems, Fueling Systems, and Distribution. The Water Systems segment offers submersible motors, pumps, drives, electronic controls, water treatment systems, monitoring devices, and related parts and equipment. Its motors and pumps are used principally for pumping clean water and wastewater in various residential, agricultural, municipal, and industrial applications; and manufactures electronic drives and controls that are used in motors for controlling functionality, as well as provides protection from various hazards, such as electrical surges, over-heating, and dry wells or tanks. The Fueling Systems segment provides pumps, pipes, sumps, fittings, vapor recovery components, electronic controls, monitoring devices, and related parts and equipment primarily for use in fueling system applications. This segment serves other energy markets, such as power reliability systems, as well as includes electronic devices for online monitoring of the power utility, hydroelectric, and telecommunication and data center infrastructure. The Distribution segment sells to and provides presale support and specifications to the installing contractors. It sells products produced by the Water Systems segment. The company sells its products to wholesale and retail distributors, specialty distributors, original equipment manufacturers, industrial and petroleum equipment distributors, and oil and utility companies through its employee sales force and independent manufacturing representatives. Franklin Electric Co., Inc. was founded in 1944 and is headquartered in Fort Wayne, Indiana.Show more
  • Revenue $2.02B -2.1%
  • EBITDA $300M -4.8%
  • Net Income $180M -6.7%
  • EPS (Diluted) 3.86 -6.1%
  • Gross Margin 35.49% +5.1%
  • EBITDA Margin 14.83% -2.7%
  • Operating Margin 12.05% -5.2%
  • Net Margin 8.92% -4.7%
  • ROE 14.54% -14.2%
  • ROIC 14.49% -5.4%
  • Debt/Equity 0.15 +16.9%
  • Interest Coverage 38.56 +73.2%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Dividend Aristocrat: 31 years of consecutive increases
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Good 3Y average ROE of 16.7%
  • ✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y6.79%
5Y8.99%
3Y6.75%
TTM5.06%

Profit (Net Income) CAGR

10Y9.95%
5Y13.56%
3Y5.43%
TTM-23.6%

EPS CAGR

10Y10.6%
5Y13.72%
3Y5.9%
TTM-22.28%

ROCE

10Y Avg14.92%
5Y Avg17.34%
3Y Avg19.1%
Latest17.23%

Peer Comparison

Water & Fuel Pumping
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Size & Scale
Valuation
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
XYLXylem Inc.35.26B144.8139.6716.27%10.66%8.28%2.67%0.20
MWAMueller Water Products, Inc.4.12B26.3635.623.06%13.41%19.53%4.64%0.59
WTSWatts Water Technologies, Inc.8.13B296.8034.159.53%13.79%16.59%4.01%0.12
PNRPentair plc17.5B106.9728.60-0.53%15.84%17.29%3.95%0.50
FELEFranklin Electric Co., Inc.4.47B100.4526.02-2.12%6.71%10.69%4.91%0.15
AOSA. O. Smith Corporation8.16B71.9919.83-0.9%13.85%28.76%5.81%0.12

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+924.92M949.86M1.12B1.3B1.31B1.25B1.66B2.04B2.07B2.02B
Revenue Growth %-0.12%0.03%0.18%0.15%0.01%-0.05%0.33%0.23%0.01%-0.02%
Cost of Goods Sold+627.32M618.45M747.93M865.76M886.48M814.19M1.09B1.35B1.37B1.3B
COGS % of Revenue0.68%0.65%0.66%0.67%0.67%0.65%0.65%0.66%0.66%0.65%
Gross Profit+297.61M331.41M376.98M432.37M428.1M433.14M576.09M691.43M697.01M717.28M
Gross Margin %0.32%0.35%0.34%0.33%0.33%0.35%0.35%0.34%0.34%0.35%
Gross Profit Growth %-0.14%0.11%0.14%0.15%-0.01%0.01%0.33%0.2%0.01%0.03%
Operating Expenses+207.25M219.34M269.75M300.37M300.97M302.63M386.9M434.25M434.57M473.63M
OpEx % of Revenue0.22%0.23%0.24%0.23%0.23%0.24%0.23%0.21%0.21%0.23%
Selling, General & Admin204.05M221.13M266.25M299.31M301.65M303.32M386.48M422.88M433.88M466.54M
SG&A % of Revenue0.22%0.23%0.24%0.23%0.23%0.24%0.23%0.21%0.21%0.23%
Research & Development18.4M21.5M20.8M22.1M20.8M21.7M17.3M16.7M17.7M21.5M
R&D % of Revenue0.02%0.02%0.02%0.02%0.02%0.02%0.01%0.01%0.01%0.01%
Other Operating Expenses-15.2M-23.3M-17.29M-21.03M-21.48M-22.39M-16.88M-5.33M-17.01M-14.4M
Operating Income+90.36M112.07M107.23M131.99M127.13M130.51M189.19M257.19M262.44M243.65M
Operating Margin %0.1%0.12%0.1%0.1%0.1%0.1%0.11%0.13%0.13%0.12%
Operating Income Growth %-0.1%0.24%-0.04%0.23%-0.04%0.03%0.45%0.36%0.02%-0.07%
EBITDA+125.84M147.6M145.73M170.6M164.11M167M233.76M307.56M314.7M299.72M
EBITDA Margin %0.14%0.16%0.13%0.13%0.12%0.13%0.14%0.15%0.15%0.15%
EBITDA Growth %-0.08%0.17%-0.01%0.17%-0.04%0.02%0.4%0.32%0.02%-0.05%
D&A (Non-Cash Add-back)35.48M35.53M38.51M38.6M36.98M36.49M44.57M50.37M52.26M56.07M
EBIT96.36M112.84M114.91M130.25M125.08M128.32M194.9M246.75M254.01M238.17M
Net Interest Income+-10.04M-8.73M-10.32M-9.84M-8.24M-4.63M-5.2M-11.53M-11.79M-6.32M
Interest Income0000000000
Interest Expense10.04M8.73M10.32M9.84M8.24M4.63M5.2M11.53M11.79M6.32M
Other Income/Expense-4.04M-7.96M-2.64M-11.59M-10.3M-6.81M513K-21.96M-20.22M-11.8M
Pretax Income+86.32M104.11M104.59M120.41M116.83M123.7M189.71M235.23M242.22M231.85M
Pretax Margin %0.09%0.11%0.09%0.09%0.09%0.1%0.11%0.12%0.12%0.11%
Income Tax+12.63M24.8M25.99M14.89M20.84M22.54M34.73M46.42M47.49M50.24M
Effective Tax Rate %0.85%0.76%0.75%0.88%0.82%0.81%0.81%0.8%0.8%0.78%
Net Income+72.94M78.75M78.18M105.88M95.48M100.46M153.86M187.33M193.27M180.31M
Net Margin %0.08%0.08%0.07%0.08%0.07%0.08%0.09%0.09%0.09%0.09%
Net Income Growth %0.04%0.08%-0.01%0.35%-0.1%0.05%0.53%0.22%0.03%-0.07%
Net Income (Continuing)73.69M79.31M78.59M105.52M96M101.16M154.97M188.81M194.73M181.61M
Discontinued Operations0000000000
Minority Interest1.76M1.64M1.96M1.96M2.12M2.12M2.14M2.9M3.57M3.73M
EPS (Diluted)+1.501.651.652.252.032.143.253.974.113.86
EPS Growth %0.06%0.1%0%0.36%-0.1%0.05%0.52%0.22%0.04%-0.06%
EPS (Basic)1.521.671.672.272.042.163.304.034.173.92
Diluted Shares Outstanding47.99M47.15M47M47.06M46.8M46.7M47M47M46.9M46.5M
Basic Shares Outstanding47.1M46.2M46.81M46.6M46.4M46.2M46.4M46.3M46.2M45.9M
Dividend Payout Ratio0.26%0.24%0.26%0.21%0.29%0.3%0.22%0.2%0.22%0.26%

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+438.13M483.82M589.13M579.88M567.44M619.25M724.65M858.09M853.79M964.19M
Cash & Short-Term Investments81.56M104.33M67.23M59.17M64.41M130.79M40.54M45.79M84.96M220.54M
Cash Only81.56M104.33M67.23M59.17M64.41M130.79M40.54M45.79M84.96M220.54M
Short-Term Investments0000000000
Accounts Receivable127.25M146M171.01M172.9M173.33M159.83M196.17M230.4M222.42M226.83M
Days Sales Outstanding50.2256.155.4948.6148.1346.7743.0941.1539.3140.96
Inventory194.59M203.47M312.32M314.05M300.25M300.93M449.98M544.98M508.7M483.88M
Days Inventory Outstanding113.22120.09152.42132.4123.62134.91151.27147.1135.71135.43
Other Current Assets34.72M30.02M38.57M33.76M29.47M27.71M37.96M36.92M37.72M32.95M
Total Non-Current Assets+558.27M556.09M596.22M602.49M627.3M653.07M850.53M836.14M874.33M856.44M
Property, Plant & Equipment190.04M196.14M215.69M207.06M228.95M240.97M259.03M264.1M286.75M286.2M
Fixed Asset Turnover4.87x4.84x5.22x6.27x5.74x5.18x6.42x7.74x7.20x7.06x
Goodwill199.85M199.61M236.81M248.75M256.06M266.74M329.63M328.05M342.4M338.5M
Intangible Assets141.4M134.7M131.5M135.1M131.1M133.8M249.7M231.3M230.03M213M
Long-Term Investments0000000000
Other Non-Current Assets23.57M21.05M3.32M2.93M-9.17M2.73M4.49M5.91M6.38M10.53M
Total Assets+996.41M1.04B1.19B1.18B1.19B1.27B1.58B1.69B1.73B1.82B
Asset Turnover0.93x0.91x0.95x1.10x1.10x0.98x1.06x1.21x1.20x1.11x
Asset Growth %-0.07%0.04%0.14%-0%0.01%0.06%0.24%0.08%0.02%0.05%
Total Current Liabilities+144.67M157.76M245.9M255.86M185.76M203.7M396.01M405.77M287.04M433.73M
Accounts Payable57.82M63.93M79.35M76.65M82.59M95.9M164.76M139.27M152.42M157.05M
Days Payables Outstanding33.6437.7338.7232.3234.0142.9955.3937.5940.6643.96
Short-Term Debt32.95M33.72M100.45M111.97M31.72M13.64M113.3M142.72M29.67M136.69M
Deferred Revenue (Current)0000000000
Other Current Liabilities20.61M20.55M25.19M24.61M29.94M42.85M41.21M49.16M40.55M50.87M
Current Ratio3.03x3.07x2.40x2.27x3.05x3.04x1.83x2.11x2.97x2.22x
Quick Ratio1.68x1.78x1.13x1.04x1.44x1.56x0.69x0.77x1.20x1.11x
Cash Conversion Cycle129.8138.46169.18148.7137.74138.68138.97150.66134.36132.44
Total Non-Current Liabilities+292.27M267.06M236.83M190.68M210.31M218.65M230.53M217.63M230.79M117.05M
Long-Term Debt188.1M156.54M125.6M94.38M93.14M91.97M90.53M89.27M88.06M11.62M
Capital Lease Obligations000017.79M20.87M32.94M32.86M38.55M43.3M
Deferred Tax Liabilities33.4M40.46M30.91M28.95M27.6M25.67M28.16M29.74M29.46M10.19M
Other Non-Current Liabilities70.77M70.05M80.32M67.35M71.79M80.15M78.89M65.76M74.72M51.93M
Total Liabilities436.94M424.82M482.73M446.54M396.07M422.36M626.54M623.4M517.83M550.77M
Total Debt+221.05M190.26M226.05M206.35M142.64M126.47M236.77M264.84M156.28M191.62M
Net Debt139.49M85.93M158.82M147.18M78.24M-4.31M196.24M219.05M71.31M-28.92M
Debt / Equity0.40x0.31x0.32x0.28x0.18x0.15x0.25x0.25x0.13x0.15x
Debt / EBITDA1.76x1.29x1.55x1.21x0.87x0.76x1.01x0.86x0.50x0.64x
Net Debt / EBITDA1.11x0.58x1.09x0.86x0.48x-0.03x0.84x0.71x0.23x-0.10x
Interest Coverage9.00x12.83x10.39x13.42x15.42x28.21x36.41x22.32x22.26x38.56x
Total Equity+0000798.67M849.95M948.62M1.07B1.21B1.27B
Equity Growth %-----0.06%0.12%0.13%0.13%0.05%
Book Value per Share11.6613.0414.9515.6417.0718.2020.1822.7825.8127.31
Total Shareholders' Equity559.47M615.09M702.62M735.83M798.67M847.83M946.48M1.07B1.21B1.27B
Common Stock4.62M4.64M4.66M4.63M4.64M4.62M4.65M4.62M4.61M4.57M
Retained Earnings498.21M550.1M604.9M654.72M712.46M764.56M859.82M969.26M1.08B1.15B
Treasury Stock0000000000
Accumulated OCI-161.61M-169.85M-149.05M-183.02M-190.21M-204.77M-228.6M-231.4M-221.11M-254M
Minority Interest1.76M1.64M1.96M1.96M2.12M2.12M2.14M2.9M3.57M3.73M

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+98.26M115.37M66.75M128.44M177.68M211.85M129.76M101.67M315.71M261.35M
Operating CF Margin %0.11%0.12%0.06%0.1%0.14%0.17%0.08%0.05%0.15%0.13%
Operating CF Growth %1.08%0.17%-0.42%0.92%0.38%0.19%-0.39%-0.22%2.11%-0.17%
Net Income73.69M79.31M78.59M105.52M96M101.16M154.97M188.81M194.73M179.61M
Depreciation & Amortization35.48M35.53M38.51M38.6M36.98M36.49M44.57M50.37M52.26M56.07M
Stock-Based Compensation5.63M6.89M7.11M8.45M8.96M10.07M11.73M10.97M10.13M12.06M
Deferred Taxes-6.8M2.98M10.2M-5.16M-2.57M-4.27M126K-1.23M-1.61M-19.65M
Other Non-Cash Items-2.58M-306K-10.93M1.02M14.23M14.33M9.33M25.93M30.72M29.76M
Working Capital Changes-7.14M-9.04M-56.72M-19.99M24.08M54.08M-90.97M-173.18M29.47M3.5M
Change in Receivables3.44M-21.33M9.95M-8.19M1.08M22.05M-31.93M-44.8M19.15M-17.05M
Change in Inventory9.35M-7.64M-46.37M-4.78M17.23M13.14M-123.08M-101.08M48.18M10.89M
Change in Payables-19.74M11.78M-11.07M1.68M6.77M20.52M89.04M-12.28M-23.09M15.29M
Cash from Investing+-28.24M-33.77M-84.7M-66.29M-41.81M-78.81M-264.81M-43.07M-74.29M-45.63M
Capital Expenditures-26.17M-39.14M-33.48M-22.43M-21.86M-22.86M-30.12M-41.9M-41.41M-41.68M
CapEx % of Revenue0.03%0.04%0.03%0.02%0.02%0.02%0.02%0.02%0.02%0.02%
Acquisitions----------
Investments----------
Other Investing1.82M6.37M566K1.11M876K-40K1.01M15K463K-3.95M
Cash from Financing+-41.15M-51.7M-22.58M-66.79M-126.65M-66.58M50.89M-48.47M-192.19M-74.07M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-18.93M-19.14M-20.29M-22.61M-27.67M-29.68M-33.4M-36.99M-41.72M-46.88M
Share Repurchases----------
Other Financing-19.27M5.24M-5.05M9M-487K00-3.79M-802K-2.59M
Net Change in Cash----------
Free Cash Flow+72.09M76.24M33.27M106M155.82M189M99.65M59.77M274.3M219.67M
FCF Margin %0.08%0.08%0.03%0.08%0.12%0.15%0.06%0.03%0.13%0.11%
FCF Growth %5.1%0.06%-0.56%2.19%0.47%0.21%-0.47%-0.4%3.59%-0.2%
FCF per Share1.501.620.712.253.334.052.121.275.854.72
FCF Conversion (FCF/Net Income)1.35x1.47x0.85x1.21x1.86x2.11x0.84x0.54x1.63x1.45x
Interest Paid10.21M8.96M9.37M10.79M8.39M4.7M5.19M11.21M12.12M6.42M
Taxes Paid14.26M22.3M25.81M27.02M16.95M23.87M37.39M48.34M55.12M58.02M

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)12.59%13.41%11.87%14.72%12.44%12.19%17.11%18.55%16.95%14.54%
Return on Invested Capital (ROIC)9.57%12.01%10.29%11.35%10.84%11.37%14.26%15.85%15.31%14.49%
Gross Margin32.18%34.89%33.51%33.31%32.57%34.73%34.67%33.83%33.75%35.49%
Net Margin7.89%8.29%6.95%8.16%7.26%8.05%9.26%9.17%9.36%8.92%
Debt / Equity0.40x0.31x0.32x0.28x0.18x0.15x0.25x0.25x0.13x0.15x
Interest Coverage9.00x12.83x10.39x13.42x15.42x28.21x36.41x22.32x22.26x38.56x
FCF Conversion1.35x1.47x0.85x1.21x1.86x2.11x0.84x0.54x1.63x1.45x
Revenue Growth-11.73%2.7%18.43%15.4%1.27%-5.12%33.23%22.98%1.05%-2.12%

Revenue by Segment

2015201620172018201920202021202220232024
Water Systems707.6M723.2M703.3M796.5M781.5M734.7M963.6M1.16B1.2B1.18B
Water Systems Growth-2.20%-2.75%13.25%-1.88%-5.99%31.16%20.12%3.99%-1.64%
Distribution--176.7M269.6M291.8M328.4M497.6M668.1M673.3M685.5M
Distribution Growth---52.57%8.23%12.54%51.52%34.26%0.78%1.81%
Energy Systems---------273.7M
Energy Systems Growth----------
Fueling Systems217.3M226.7M244.9M288.2M293.6M245.1M289.1M334.1M296.5M-
Fueling Systems Growth-4.33%8.03%17.68%1.87%-16.52%17.95%15.57%-11.25%-

Revenue by Geography

2015201620172018201920202021202220232024
UNITED STATES418.5M446.9M596.6M738.2M776.6M760.6M1.08B1.41B1.44B1.4B
UNITED STATES Growth-6.79%33.50%23.73%5.20%-2.06%41.43%31.46%1.94%-2.86%
Non-US-503M528.3M559.9M538M486.7M586.2M629.6M623.5M620.9M
Non-US Growth--5.03%5.98%-3.91%-9.54%20.44%7.40%-0.97%-0.42%
Geographical Locations Other Than United States506.4M---------
Geographical Locations Other Than United States Growth----------

Frequently Asked Questions

Valuation & Price

Franklin Electric Co., Inc. (FELE) has a price-to-earnings (P/E) ratio of 26.0x. This suggests investors expect higher future growth.

Growth & Financials

Franklin Electric Co., Inc. (FELE) reported $2.11B in revenue for fiscal year 2024. This represents a 157% increase from $821.1M in 2011.

Franklin Electric Co., Inc. (FELE) saw revenue decline by 2.1% over the past year.

Yes, Franklin Electric Co., Inc. (FELE) is profitable, generating $141.5M in net income for fiscal year 2024 (8.9% net margin).

Dividend & Returns

Yes, Franklin Electric Co., Inc. (FELE) pays a dividend with a yield of 1.00%. This makes it attractive for income-focused investors.

Franklin Electric Co., Inc. (FELE) has a return on equity (ROE) of 14.5%. This is reasonable for most industries.

Franklin Electric Co., Inc. (FELE) generated $202.3M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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