Short answer
FRANKLIN ELECTRIC CO INC (FELE) filed its fiscal 2025 10-K annual report with the SEC on Feb 20, 2026. It reported revenue of $2.1B (+5.4% year over year) and net income of $147M.
- Top risk flagged: EU Pillar Two Directive tax law effective 2024-25, with January 2026 OECD safe harbor mitigating some impact but local minimum taxes remain possible
FY2025 key financial metrics · XBRL
- Revenue
- $2.1B
- +5.4% YoY
- Net income
- $147M
- −18.4% YoY
- Operating margin
- 12.6%
- +0.6 pp YoY
- Gross margin
- 35.5%
- −0.0 pp YoY
- EPS (diluted)
- $3.22
- −16.6% YoY
- ROE
- 11.1%
- −3.1 pp YoY
- Operating cash flow
- $239M
- −8.6% YoY
Source: XBRL data from the FRANKLIN ELECTRIC CO INC (FELE) FY2025 10-K on SEC EDGAR. USD.
FRANKLIN ELECTRIC CO INC FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: designs, manufactures, and distributes water and fuel pumping systems with submersible motors, pumps, electronic controls, and water treatment
- New segment name change from Fueling Systems to Energy Systems, reflecting a diversified portfolio and growth strategy
- 2025 acquisitions of PumpEng Pty Ltd. (Australia, mining pumps) and Barnes de Colombia S.A. (industrial/commercial pumps in Colombia) expanding geographic and product scope
- Research and development spend $20.0 million in 2025 with focus on IoT-enabled electronic controls and enhanced pump systems for water and energy segments
- Employee count approximately 6,500 as of December 31, 2025 with continued emphasis on safety, wellness, and sustainability initiatives
Management Discussion & Analysis
- Acquisitions (Barnes and PumpEng) added $48.9 million incremental net sales in 2025
- Pension settlement charge of $54.9 million pre-tax related to actuarial losses in 2025
- No explicit revenue total, YoY change, margin, segment performance, cash flow, or guidance stated in provided text
Risk Factors
- EU Pillar Two Directive tax law effective 2024-25, with January 2026 OECD safe harbor mitigating some impact but local minimum taxes remain possible
- Exposure to geopolitical risk in highly inflationary Turkey and Argentina, with cumulative inflation exceeding 100% causing earnings volatility
- Dependence on limited key suppliers creates risk of supply shortages impacting ability to meet customer demand and disrupting operations
- Competition from larger, well-funded global groundwater and fuel pumping system manufacturers could pressure sales volumes and pricing
- Substantial goodwill subject to annual impairment testing, with potential for material non-cash charges from declines in operating segment performance
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