MeritValue

Forgent Power Solutions, Inc.

FPSdata completeness 88%2 fiscal years on file

Data notes: no data for concept 'dilutedShares'; no data for concept 'sharesOutstanding'; no data for concept 'investmentsAtFairValue'; no data for concept 'netInvestmentIncome'; no data for concept 'gainsOnRealEstateSales'; no data for concept 'realEstateImpairment'; no data for concept 'dividendsPaid'; no data for concept 'epsDiluted'

The thesis, from the filings

Forgent Power Solutions, Inc. earns about 9% on invested capital. The cash-flow models don't apply cleanly here — the ledger says why below.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.

i. The business — what you’d actually own
FigureFY 2025FY 2026
Revenue$753.2M1$1.42B1
Net income$15.2M2$81.8M2
Operating cash flow$45M3$109.1M3
Capital expenditure$84.1M4$115.9M4
Free cash flow (derived)−$39.1M3−$6.82M3
Total debt$1B5$1.16B5
Cash & equivalents$111.3M6$97.5M6
Diluted shares——

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

iii. Is this a good business?
Moat signal · return on invested capital
9% avg · 2y
FY25 —FY26 9%

It earned an average 9% on invested capital over 2 years. Compare that to what it costs to fund the business.

seeing a moat in the numbers →
Management signal · capital allocation
— shares · 2y

Total debt has risen 16% over the same window.

reading capital allocation →

Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.

iv. What it’s worth — engine v0.5.0
DCF · Growth Exit 10Y
not applicable
only 2 years of FCF (need ≥3) — model not applicable
DCF · Growth Exit 5Y
not applicable
only 2 years of FCF (need ≥3) — model not applicable
Earnings Power Value
not applicable
only 2 years of net income (need ≥3)
Graham Number
not applicable
diluted EPS missing or non-positive — Graham Number undefined

Different models answer different questions — which to trust when →

Sources — the receipts
  1. 10-K · period ending 2025-06-30 · accession 0002080126-26-000035 (RevenueFromContractWithCustomerExcludingAssessedTax)
  2. 10-K · period ending 2025-06-30 · accession 0002080126-26-000035 (NetIncomeLoss)
  3. 10-K · period ending 2025-06-30 · accession 0002080126-26-000035 (NetCashProvidedByUsedInOperatingActivities)
  4. 10-K · period ending 2025-06-30 · accession 0002080126-26-000035 (PaymentsToAcquirePropertyPlantAndEquipment)
  5. 10-K · period ending 2025-06-30 · accession 0002080126-26-000035 (LongTermDebtNoncurrent)
  6. 10-K · period ending 2025-06-30 · accession 0002080126-26-000035 (CashAndCashEquivalentsAtCarryingValue)