Foreign exchangemixed · 5 filings
“Sales increased 5 percent in the second quarter and 6 percent in the first six months of 2026 due to the favorable impact from foreign exchange rates, as compared to prior-year periods.”10-Q · Jul 29, 2026 ↗
Franklin Electric Co., Inc.
FELE
Market read
Franklin Electric Co., Inc.'s current read is isolated; its market group is not confirming.
The latest filing evidence is available. 0 of 32 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.
What changed
- Revenue increased 9.9% versus the comparable filing period.
- Gross margin fell 1.0 percentage points.
Company-0.5% todayVolume comparison unavailable
Market group0 of 32 activeIndustrial Equipment · unavailable
Disclosed network0 of 6 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- FELE's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if FELE's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing evidence is available. 0 of 32 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.
Evidence that supports
- Revenue increased 9.9% versus the comparable filing period.
Evidence that challenges
- Gross margin fell 1.0 percentage points.
- Operating cash flow covered only -1.19x net income.
What would clarify the read
- FELE's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations327
Usable filing statements105
Verified relationships7
Evidence supporting the case
- Latest annual revenue changed +5.4% year over year.
- Operating cash flow covered net income at 1.62x in the latest annual period.
- Foreign exchange has repeated favorable evidence across 5 filings.
- Credit and interest rates has repeated favorable evidence across 4 filings.
- Demand and volume has repeated favorable evidence across 4 filings.
- Tariffs and trade policy has repeated favorable evidence across 4 filings.
Evidence challenging the case
- Net margin changed -2.0 percentage points in the latest annual period.
Questions before a position
- P/E is 33% below the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 57% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 10, 2026
97.086m+3.7%12m+2.5%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$1.7B+33.2%$3.25+0.6%
2022-12-31$2.0B+23.0%$3.97+0.0%
2023-12-31$2.1B+1.0%$4.11-0.2%
2024-12-31$2.0B-2.1%$3.86-0.9%
2025-12-31$2.1B+5.4%$3.22-2.2%
What management says matters
Persistent and emerging business drivers
Credit and interest ratespositive · 4 filings
“The change in financing cash flow was primarily due to increased net borrowings under the Company's credit facility in 2026 compared to 2025, partially offset by increased repurchases of Company stock.”10-Q · Apr 29, 2026 ↗
Demand and volumepositive · 4 filings
“The Distribution segment sales increase was primarily due to higher volumes and price realization.”10-Q · Apr 29, 2026 ↗
Tariffs and trade policymixed · 4 filings
“The increase in operating income in the second quarter was primarily due to higher sales and tariff refunds.”10-Q · Jul 29, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 2.1× · EV/sales 2.0×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
97.85-0.5% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 12:40 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for FELE. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
The latest filing shows material pressure
10-Q filed 2026-04-29 against the comparable filing from 2025-05-01.
OperationsmixedEvidence score +1
liquiditycautiousEvidence score -1
valuationmixed
What improved
- Revenue increased 9.9% versus the comparable filing period.
What weakened
- Gross margin fell 1.0 percentage points.
- Operating cash flow covered only -1.19x net income.
Filing receipts
“Operating income margin increased primarily due to leverage on SG&A cost from higher sales.”
“Operating income margin decreased primarily due to restructuring charges and higher tariff costs.”
“The change in financing cash flow was primarily due to increased net borrowings under the Company's credit facility in 2026 compared to 2025, partially offset by increased repurchases of Company stock.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
The relationships behind FELE
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
DOVDover CorporationcompetitorFeb 20, 2026 ▾
“The Company’s principal competitors in the petroleum equipment industry are Vontier Corporation and Dover Corporation.”
PNRPentair plccompetitorFeb 20, 2026 ▾
“The Company’s principal competitors in the specialty water products industry are Grundfos Management A/S, Pentair, Inc.”
Depended on by
AOSA. O. Smith CorporationcompetitorFeb 10, 2026 ▾
“Our principal water treatment competitors in the U.S.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 5 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
FELE is currently a Early Follower in the organic co-movement group Industrial Equipment. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.