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Forgent Power Solutions

FPS on NYSE. Forgent Power Solutions sells electrical distribution equipment to data centers, power grids and factories. Market value $12.3bn.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to June 2026.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

What to watch out for

See Technology stocks that passed both tests

This is not advice. Check the numbers below.

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Cash yield
past 12 months to June 2026
-0.1%low

For every $100 of what the whole company costs, it produced $-0.05 of spare cash in the past 12 months. A savings account pays about $4.

Price to profit
past 12 months to June 2026
74.9×full

You pay 74.9 years of operating profit for the business. The average large US company costs around 18.

Return on capital
five annual reports to June 2026
n/a

The filings do not give us enough to work this out.

Quality score: not known. Price score: 3 of 100. Our list needs 70 on quality and 60 on price.

$41.35 a share, 59% above its 1-year low

Over the past year the price has ranged from $25.95 to $66.00.

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

-0.0
2026
Revenue
$1.4bn
Operating margin
12.9%
Debt to equity
1.03
Shares outstanding
n/a

Health checks

  • Free cash flow positive0 of 1 years
  • Accounting looks honest (Beneish)Not enough data
  • Financial strength (Piotroski)Not enough data
  • Profit backed by cash (accruals)Not enough data
  • Debt1.03× equity
  • Revenue growth, five yearsUnknown

Dates

Next results (estimated)
n/a
Last annual report (10-K)
15 September 2026
Next quarterly (estimated, 10-Q)
13 August 2026

Who owns it

3 long-term investors we follow own it, up from 2 last quarter. 368 funds in all.

Jun '26

Sold out this quarter

Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

2 investors own more than 5%.

  • Neos Partners, LP
    Passive investor
    at least 51.5%−16.0 pts
    (filed with 16 related holders)
    Since 30 June 2026
  • at least 7.5%
    (filed with 1 related holder)
    Since 30 June 2026

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

No insider bought shares on the open market in the last 12 months. 1 sold $650m.

  • Neos Partners, LP
    Director
    Sold
    Date
    6 July 2026
    Shares
    43,650,000
    Price
    n/a
    Value
    n/a
  • Neos Partners, LP
    Director
    Sold
    Date
    6 July 2026
    Shares
    43,650,000
    Price
    n/a
    Value
    n/a
  • Neos Partners, LP
    Director
    Sold
    Date
    6 July 2026
    Shares
    43,650,000
    Price
    n/a
    Value
    n/a
  • Neos Partners, LP
    Director
    Sold
    Date
    1 June 2026
    Shares
    48,622,000
    Price
    n/a
    Value
    n/a
  • Neos Partners I LP
    Director
    Sold
    Date
    1 June 2026
    Shares
    48,622,000
    Price
    n/a
    Value
    n/a
  • Neos Partners, LP
    Director
    Sold
    Date
    1 June 2026
    Shares
    48,622,000
    Price
    n/a
    Value
    n/a
  • Gofer Sergey
    Director
    Sold
    Date
    30 March 2026
    Shares
    34,500,000
    Price
    n/a
    Value
    n/a
  • Neos Partners I Expansion LP
    Director
    Sold
    Date
    30 March 2026
    Shares
    34,500,000
    Price
    n/a
    Value
    n/a
  • Forgent Parent II GP LLC
    Director
    Sold
    Date
    30 March 2026
    Shares
    34,500,000
    Price
    n/a
    Value
    n/a
  • Cannova Frank R.
    Director
    Sold
    Date
    9 February 2026
    Shares
    8,400,000
    Price
    $25.79
    Value
    $217m

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

None of the warning signs we check for were found.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 15 Sep 2026, and no later 8-Ks.

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

  • It isn't cheap on profits: 74.9× operating profit.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.