Forgent Power Solutions, Inc.(FPS US)

$24.22-0.702.81%Ext:$24.26+0.040.16%(Market Closed · 23:55:09 UTC)

Summary

Forgent Power Solutions, Inc. specializes in the engineering and manufacturing of electrical power distribution systems. These critical solutions are vital for cutting-edge data centers, extensive power grids, and various energy-demanding industrial environments. The company's comprehensive product line encompasses a wide range of electrical infrastructure, such as different forms of switchgear (including low voltage, medium voltage, and paralleling), a variety of transformers (like low voltage, medium voltage VPI, padmount, PDU, and substation types), power distribution units (PDUs), and specialized enclosures like gear eHouses and UPS eHouses. Their portfolio also includes automatic transfer switches (ATS), generator connection cabinets, panelboards, power skids, remote power panels, switchboards, and tap boxes. Beyond manufacturing, Forgent Power Solutions delivers essential services, including maintenance, testing, repairs, system modernization, start-up and commissioning, and aftermarket retrofit services. Their client base spans key sectors, serving technology companies, power generators, utility providers, and diverse industrial operations. Established in 2023, the firm is based in Dayton, Minnesota.

Website

www.forgentpower.com

Location

Dayton, MN, US

Phone763 588 0536

Employees3,000

CEOGary John Niederpruem

Sector

Industrials

IndustryElectrical Equipment & Parts

IPO DateFeb 5, 2026

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Company overview

Business model, segments, and competition.

Peer comparison

Metrics vs closest competitors.

Guidance & outlook

Forward guidance and assumptions.

Bull vs bear case

Upside drivers and key risks.

Valuation snapshot

Multiples vs history and peers.

Competitive moat

Defensibility and market position.

Management track record

Leadership and capital allocation history.

Latest Documents

Mentions in Filings

… ly traded companies. For purposes of the comparisons discussed in this prospectus, we consider Vertiv to be the company whose business most closely resembles our own, together with a broader group consisting of Forgent Power Solutions Inc. (“Forgent”), nVent Electric plc (“nVent”), Eaton and GE Vernova Inc. (“GE Vernova” and, collectively with Vertiv, Forgent, nVent and Eaton, the “Comparable Companies”). We selected the Comparable Companies …
Accelevation Holdings Corp.Forgent Power Solutions, Inc.·424B4 - Prospectus filing (Rule 424(b)(4))·Q4 26·1 Oct
… ly traded companies. For purposes of the comparisons discussed in this prospectus, we consider Vertiv to be the company whose business most closely resembles our own, together with a broader group consisting of Forgent Power Solutions Inc. (“Forgent”), nVent Electric plc (“nVent”), Eaton and GE Vernova Inc. (“GE Vernova” and, collectively with Vertiv, Forgent, nVent and Eaton, the “Comparable Companies”). We selected the Comparable Companies …
Accelevation Holdings Corp.Forgent Power Solutions, Inc.·S-1/A - Registration statement (general form, amendment)·Q3 26·22 Sep
… ly traded companies. For purposes of the comparisons discussed in this prospectus, we consider Vertiv to be the company whose business most closely resembles our own, together with a broader group consisting of Forgent Power Solutions Inc. (“Forgent”), nVent Electric plc (“nVent”), Eaton and GE Vernova Inc. (“GE Vernova” and, collectively with Vertiv, Forgent, nVent and Eaton, the “Comparable Companies”). We selected the Comparable Companies …
Accelevation Holdings Corp.Forgent Power Solutions, Inc.·S-1 - Registration statement (general form)·Q3 26·2 Sep
… icly traded companies. For purposes of the comparisons discussed in this prospectus, we consider Vertiv to be the company whose business most closely resembles our own, together with a broader group consisting of Forgent Power Solutions Inc. (“Forgent”), nVent Electric plc (“nVent”), Eaton and GE Vernova Inc. (“GE Vernova” and, collectively with Vertiv, Forgent, nVent and Eaton, the “Comparable Companies”). We selected the Comparable Companies ba …
Accelevation Holdings Corp.Forgent Power Solutions, Inc.·DRS/A - Draft registration statement (amendment)·Q3 26·3 Aug
… Undisclosed) Firmus Technologies (Australia): Blackstone-led debt facility ($10bn) and Coatue Management-led equity raise ($505m) Honda Motor: Euro-denominated senior notes (€2.5bn) Madison Air (US): IPO ($2.5bn) Forgent Power Solutions (US): FO ($2.3bn) Net revenues at all-time high for 1Q, exceeding Y50bn for first time since FY2016/17, earliest period for which data is available, even though 1Q tends to be a sparse quarter for corporate action …
NOMURA HOLDINGS INCForgent Power Solutions, Inc.·6-K - Current report (foreign private issuer)·Q2 27·3 Aug
The same goes for power infrastructure suppliers. Forgent Power Solutions Inc., a maker of electrical equipment and systems for data centers, has more than doubled since its February IPO, while Madison Air Solutions Corp., which sells liquid, hybrid and air cooling products for data centers, raised $2.23 billion in April in the biggest US listing of an industrial firm in close to three decades. The excitement has allowed newly public companies t …
Spring Valley Acquisition Corp. IIIForgent Power Solutions, Inc.·425 - Business combination communication·Q3 26·30 Jun

Key Stats

Trading

Px/Chg 1D$39.28 / -2.65%

Avg Volume4.94M

BetaN/A

Mkt Cap10.21B

FD Mkt Cap7.80B

Float

Shrs Out/Float259.97M / 72.95M

Short Float0.19%

Days to Cover2.21

Stock Repurchased$0.00

Current Valuation

EV10.32B

EV/EBITDA43.44

EV/Sales7.27

P/B18.10

P/S7.19

FCF Yield-0.30%

ROE14.50%

ROA3.64%

Current Ratio1.54

Estimates

P/E124.77

Est P/EN/A

Est EPSN/A

Est PEGN/A

Valuation

Metric	5Yr Avg	Oct '26
PRICE-BASED RATIOS
Price / Earnings	124.77	124.77
Price / Sales	7.19	7.19
Price / Book Value	18.10	18.10
Price / Free Cash Flow	-337.26	-337.26
ENTERPRISE VALUE METRICS
Enterprise Value	10,324.6	10,324.6
Enterprise Value / Sales	7.27	7.27
Enterprise Value / EBITDA	45.30	45.30
Enterprise Value / EBIT	45.30	45.30

Financials

Full Financials

Millions USD	5Yr CAGR (%)	Jun '24	Jun '25	Jun '26
INCOME STATEMENT
Revenue	179.9%	181.3	753.2	1,420.1
Gross Income	156.4%	67.7	278.1	445.4
EBITDA	255.8%	18.0	142.4	227.9
EBIT	—	-3.3	77.6	227.9
Net Income	—	-17.8	15.2	81.8
EPS (Diluted)	—	-0.08	0.07	0.27
BALANCE SHEET
Cash & ST Inv	-19.2%	186.4	111.3	121.7
Total Assets	28.9%	1,352.0	1,536.7	2,248.1
Total Liabilities	44.1%	759.1	963.4	1,576.7
Total Shareholder Equity	4.4%	518.0	374.5	564.3
CASH FLOW
Net Operating Cash Flow	—	-4.6	45.0	85.6
Cap Ex	531.4%	-2.9	-84.1	-115.9
Free Cash Flow	100.4%	-7.5	-39.1	-30.3

Enterprise Value Bridge

Millions USD		23 Oct '26
Price (As of 23 Oct '26)		24.22
Basic Shares		259.97
Market Cap		6,296.5
Diluted Shares		304.43
Fully Diluted Shares Outstanding		304.43
Fully Diluted Market Cap		7,373.3
+Consolidated Debt		127.6
−In-the-Money Convertible Debt		—
+Capital Leases		113.0
+Operating Leases		—
−Cash & Equivalents		-121.7
−Short-term Investments		-
+Total Preferred		-
−In-the-Money Convertible Preferred		—
−Investments in Unconsolidated Subs		—
+Non-Controlling Interest		107.1
+Pension Liabilities		—
Enterprise Value		6,409.5

Forgent Power Solutions, Inc.(FPS US)