HIGHBuilt-inProduct / Revenue mix
60%
Water Systems segment
“10-K Item 1: 'Water Systems contributed about 60 percent of the Company's total revenue in 2025'”
FELE · Concentration risk · 10-K extracted
Franklin Electric Co. (FELE) concentration risks
Updated
The most significant concentration Franklin Electric Co. discloses is Water Systems segment at 60%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Franklin Electric Co.’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH2
MEDIUM0
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHOutside partySupplier
single or limited number of suppliers
“10-K Item 1A: 'The Company is dependent on a single or limited number of suppliers for some materials or components required in the manufacture of its products'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's disclosed concentration profile combines a high-share product-segment dependency with a high-share supply-chain dependency. The Water Systems segment contributed about 60 percent of total revenue in 2025, a large share by disclosed size with a structural character — water systems equipment represents the company's core franchise and historical identity rather than a temporary portfolio tilt. This concentration means that demand dynamics for water pumping, filtration, and distribution products — driven by residential construction, agricultural irrigation needs, and municipal infrastructure — are the dominant revenue variable. The supply-chain dependency is separately significant: the company is dependent on a single or limited number of suppliers for some materials or components required in the manufacture of its products, a high-share dependency by disclosed size. The character here is dependency, meaning a disruption at a sole-source or limited-source supplier — whether from operational failure, trade policy, or natural events — could constrain production without a readily available substitute. This is the more idiosyncratic of the two exposures because it operates outside the company's direct control. The two concentrations are structurally linked: the component sourcing risk predominantly affects the Water Systems segment, so a supply disruption would fall disproportionately on the business unit that already represents the large majority of revenues. This correlation between the product concentration and the supply vulnerability makes supply-chain continuity for water-related components the most operationally sensitive variable in the disclosed profile.
For the engine’s reasoning on FELE’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Specialty Industrial Machinery
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| CMI | Cummins Inc. | 2 | 1 | 0 | 3 |
| FELE● | Franklin Electric Co., Inc. | 2 | 0 | 0 | 2 |
| AOS | A.O. Smith Corporation | 1 | 1 | 1 | 3 |
| CR | Crane Company | 0 | 1 | 0 | 1 |
| AME | AMETEK, Inc. | 0 | 0 | 1 | 1 |
| BW | Babcock & Wilcox Enterprises, I | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.