Franklin Electric

Franklin Electric

Manufactures water, fuel, electricity distribution systems

Overview

Franklin Electric designs and distributes systems that move and manage water, fuel, and electricity, offering motors, pumps, drives, controls, and related equipment through a global network of facilities and distributors. Its products are built to provide reliable pumping, power transmission, and fluid handling for water supply, fuel delivery, and electrical applications. The company combines integrated hardware and subsystems with customer-ready support so facilities can install efficient water, fuel, and electrical systems. Its goal is to be a global leader in moving and managing water, fuel, and electricity by delivering dependable products and worldwide service.

About Franklin Electric

Simplify's Rating
Why Franklin Electric is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Industrial & Manufacturing

Energy

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Fort Wayne, Indiana

Founded

1944

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Simplify's Take

What believers are saying

  • Essential-resource end markets support replacement and infrastructure demand.
  • Margin expansion can lift earnings faster than modest revenue growth.
  • Acquisitions, pricing, and volume gains already supported revenue growth.

What critics are saying

  • 2024 sales and operating income declined, signaling weakening earnings momentum.
  • Low-margin Distribution business remains vulnerable to pricing pressure and volume slowdowns.
  • High Energy Systems margins invite competitive undercutting and customer renegotiation.

What makes Franklin Electric unique

  • Global systems provider for moving and protecting water, fuel, and electricity.
  • Diversified exposure across residential, commercial, agricultural, industrial, municipal, and energy markets.
  • Distribution margin improved 300 basis points; Energy Systems margin reached 37.5%.

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Funding

Total Funding

$650M

Above

Industry Average

Funded Over

2 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

401(k) Company Match

Hybrid Work Options

Paid Vacation

Paid Holidays

Parental Leave

Fertility Treatment Support

Adoption Assistance

Tuition Reimbursement

Professional Development Budget

Wellness Program

Stock Price

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