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Side-by-side financial comparison of FRANKLIN ELECTRIC CO INC (FELE) and VSE CORP (VSEC). Click either name above to swap in a different company.

FRANKLIN ELECTRIC CO INC is the larger business by last-quarter revenue ($500.4M vs $301.2M, roughly 1.7× VSE CORP). FRANKLIN ELECTRIC CO INC runs the higher net margin — 6.9% vs 4.5%, a 2.4% gap on every dollar of revenue. On growth, FRANKLIN ELECTRIC CO INC posted the faster year-over-year revenue change (9.9% vs 0.7%). Over the past eight quarters, VSE CORP's revenue compounded faster (11.7% CAGR vs -4.0%).

Franklin Electric Co., Inc. is a manufacturer and distributor of products and systems focused on the movement and management of water and energy. The company offers pumps, motors, drives, and controls for use in a variety of residential, commercial, agricultural, industrial, and municipal applications. Headquartered in Fort Wayne, Indiana, the company also operates manufacturing facilities in the United States, Germany, Czech Republic, Italy, Turkey, Mexico, Brazil, Australia, South Africa, C...

VSE Corporation is a leading provider of aftermarket distribution and repair services. Operating through its two key segments, VSE significantly enhances the productivity and longevity of its customers' high-value, business-critical assets. The aviation segment is a leading provider of aftermarket parts distribution and maintenance, repair, and overhaul (MRO) services for components and engine accessories to commercial, business, and general aviation operators. The fleet segment specializes i...

FELE vs VSEC — Head-to-Head

Bigger by revenue
FELE
FELE
1.7× larger
FELE
$500.4M
$301.2M
VSEC
Growing faster (revenue YoY)
FELE
FELE
+9.2% gap
FELE
9.9%
0.7%
VSEC
Higher net margin
FELE
FELE
2.4% more per $
FELE
6.9%
4.5%
VSEC
Faster 2-yr revenue CAGR
VSEC
VSEC
Annualised
VSEC
11.7%
-4.0%
FELE

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FELE
FELE
VSEC
VSEC
Revenue
$500.4M
$301.2M
Net Profit
$34.7M
$13.6M
Gross Margin
35.0%
Operating Margin
9.6%
10.8%
Net Margin
6.9%
4.5%
Revenue YoY
9.9%
0.7%
Net Profit YoY
10.6%
3.9%
EPS (diluted)
$0.77
$0.64

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FELE
FELE
VSEC
VSEC
Q1 26
$500.4M
Q4 25
$506.9M
$301.2M
Q3 25
$581.7M
$282.9M
Q2 25
$587.4M
$272.1M
Q1 25
$455.2M
$256.0M
Q4 24
$485.7M
$299.0M
Q3 24
$531.4M
$273.6M
Q2 24
$543.3M
$266.0M
Net Profit
FELE
FELE
VSEC
VSEC
Q1 26
$34.7M
Q4 25
$39.3M
$13.6M
Q3 25
$16.7M
$3.9M
Q2 25
$60.1M
$3.2M
Q1 25
$31.0M
$-9.0M
Q4 24
$33.7M
$13.1M
Q3 24
$54.6M
$11.7M
Q2 24
$59.1M
$-2.8M
Gross Margin
FELE
FELE
VSEC
VSEC
Q1 26
35.0%
Q4 25
33.8%
Q3 25
35.9%
Q2 25
36.1%
Q1 25
36.0%
Q4 24
33.8%
Q3 24
35.7%
Q2 24
36.8%
Operating Margin
FELE
FELE
VSEC
VSEC
Q1 26
9.6%
Q4 25
10.2%
10.8%
Q3 25
14.6%
3.6%
Q2 25
15.0%
8.3%
Q1 25
9.7%
9.6%
Q4 24
8.9%
9.2%
Q3 24
13.8%
8.7%
Q2 24
14.6%
2.3%
Net Margin
FELE
FELE
VSEC
VSEC
Q1 26
6.9%
Q4 25
7.7%
4.5%
Q3 25
2.9%
1.4%
Q2 25
10.2%
1.2%
Q1 25
6.8%
-3.5%
Q4 24
6.9%
4.4%
Q3 24
10.3%
4.3%
Q2 24
10.9%
-1.0%
EPS (diluted)
FELE
FELE
VSEC
VSEC
Q1 26
$0.77
Q4 25
$0.87
$0.64
Q3 25
$0.37
$0.19
Q2 25
$1.31
$0.16
Q1 25
$0.67
$-0.44
Q4 24
$0.73
$0.79
Q3 24
$1.17
$0.63
Q2 24
$1.26
$-0.16

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FELE
FELE
VSEC
VSEC
Cash + ST InvestmentsLiquidity on hand
$80.4M
$69.4M
Total DebtLower is stronger
$134.4M
$292.8M
Stockholders' EquityBook value
$1.3B
$1.4B
Total Assets
$2.0B
$2.0B
Debt / EquityLower = less leverage
0.10×
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FELE
FELE
VSEC
VSEC
Q1 26
$80.4M
Q4 25
$99.7M
$69.4M
Q3 25
$102.9M
$8.8M
Q2 25
$104.6M
$16.9M
Q1 25
$84.0M
$5.7M
Q4 24
$220.5M
$29.0M
Q3 24
$106.3M
$7.9M
Q2 24
$58.1M
$19.0M
Total Debt
FELE
FELE
VSEC
VSEC
Q1 26
$134.4M
Q4 25
$135.2M
$292.8M
Q3 25
$135.2M
$356.1M
Q2 25
$14.5M
$379.2M
Q1 25
$14.9M
$465.0M
Q4 24
$11.6M
$430.2M
Q3 24
$11.6M
$450.3M
Q2 24
$87.2M
$463.5M
Stockholders' Equity
FELE
FELE
VSEC
VSEC
Q1 26
$1.3B
Q4 25
$1.3B
$1.4B
Q3 25
$1.3B
$983.3M
Q2 25
$1.3B
$979.5M
Q1 25
$1.3B
$975.7M
Q4 24
$1.3B
$988.2M
Q3 24
$1.3B
$787.8M
Q2 24
$1.2B
$781.3M
Total Assets
FELE
FELE
VSEC
VSEC
Q1 26
$2.0B
Q4 25
$1.9B
$2.0B
Q3 25
$2.0B
$1.6B
Q2 25
$2.0B
$1.6B
Q1 25
$1.9B
$1.7B
Q4 24
$1.8B
$1.7B
Q3 24
$1.8B
$1.5B
Q2 24
$1.8B
$1.5B
Debt / Equity
FELE
FELE
VSEC
VSEC
Q1 26
0.10×
Q4 25
0.10×
0.20×
Q3 25
0.10×
0.36×
Q2 25
0.01×
0.39×
Q1 25
0.01×
0.48×
Q4 24
0.01×
0.44×
Q3 24
0.01×
0.57×
Q2 24
0.07×
0.59×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FELE
FELE
VSEC
VSEC
Operating Cash FlowLast quarter
$37.6M
Free Cash FlowOCF − Capex
$30.9M
FCF MarginFCF / Revenue
10.3%
Capex IntensityCapex / Revenue
2.2%
Cash ConversionOCF / Net Profit
2.77×
TTM Free Cash FlowTrailing 4 quarters
$5.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FELE
FELE
VSEC
VSEC
Q1 26
Q4 25
$104.2M
$37.6M
Q3 25
$102.7M
$24.1M
Q2 25
$51.5M
$11.9M
Q1 25
$-19.5M
$-46.6M
Q4 24
$110.3M
$55.4M
Q3 24
$116.1M
$10.2M
Q2 24
$36.4M
$-17.5M
Free Cash Flow
FELE
FELE
VSEC
VSEC
Q1 26
Q4 25
$88.7M
$30.9M
Q3 25
$91.3M
$18.0M
Q2 25
$39.9M
$6.3M
Q1 25
$-26.3M
$-49.5M
Q4 24
$97.5M
$52.1M
Q3 24
$106.6M
$4.4M
Q2 24
$26.1M
$-21.5M
FCF Margin
FELE
FELE
VSEC
VSEC
Q1 26
Q4 25
17.5%
10.3%
Q3 25
15.7%
6.4%
Q2 25
6.8%
2.3%
Q1 25
-5.8%
-19.3%
Q4 24
20.1%
17.4%
Q3 24
20.1%
1.6%
Q2 24
4.8%
-8.1%
Capex Intensity
FELE
FELE
VSEC
VSEC
Q1 26
Q4 25
3.1%
2.2%
Q3 25
2.0%
2.1%
Q2 25
2.0%
2.1%
Q1 25
1.5%
1.1%
Q4 24
2.6%
1.1%
Q3 24
1.8%
2.1%
Q2 24
1.9%
1.5%
Cash Conversion
FELE
FELE
VSEC
VSEC
Q1 26
Q4 25
2.65×
2.77×
Q3 25
6.14×
6.16×
Q2 25
0.86×
3.72×
Q1 25
-0.63×
Q4 24
3.28×
4.24×
Q3 24
2.13×
0.87×
Q2 24
0.62×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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