Franklin Resources (BEN) Financials

$20.10 +0.09 (+0.46%)

Closing price 03:59 PM Eastern

Extended Trading

$19.98 -0.12 (-0.59%)

As of 07:24 PM Eastern

Annual Income Statements for Franklin Resources

This table shows Franklin Resources' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024
Net Income / (Loss) Attributable to Common Shareholders	2,035	1,727	-4,554	764	4,073	799	1,831	1,292	883	465
Consolidated Net Income / (Loss)	2,105	1,758	1,790	743	1,206	787	2,095	1,333	1,026	608
Net Income / (Loss) Continuing Operations	2,105	1,758	-4,501	743	2,887	787	2,095	1,333	1,026	523
Total Pre-Tax Income	3,028	2,500	2,549	2,215	1,648	1,018	2,444	1,729	1,338	823
Total Operating Income	3,028	2,366	2,264	2,028	1,467	1,049	1,875	1,774	1,102	408
Total Gross Profit	6,495	5,257	102	4,814	9,754	3,693	5,454	5,186	4,355	4,647
Total Revenue	7,949	6,618	102	6,205	11,339	5,567	8,426	8,275	7,849	8,478
Operating Revenue	7,949	6,618	102	6,205	11,339	5,567	8,426	8,275	7,849	8,478
Total Cost of Revenue	1,453	1,361	0.00	1,391	1,585	1,874	2,971	3,090	3,494	3,831
Operating Cost of Revenue	1,453	1,361	-	1,391	1,585	1,874	2,971	3,090	3,494	3,831
Total Operating Expenses	3,468	2,891	4,128	2,786	6,820	2,644	3,579	3,412	3,253	4,239
Selling, General & Admin Expense	573	547	542	616	259	739	1,023	1,065	1,070	1,323
Marketing Expense	2,762	2,210	2,131	2,040	1,820	1,703	2,106	1,846	1,613	1,863
Amortization Expense	-	-	-	1.80	15	54	232	282	341	338
Other Operating Expenses / (Income)	133	134	1,455	129	4,728	148	218	219	229	325
Impairment Charge	-	-	-	-	-	-	-	0.00	-	389
Total Other Income / (Expense), net	0.80	134	285	187	396	-31	569	-59	236	331
Interest Expense	40	50	52	-	22	-	-	98	-	97
Other Income / (Expense), net	40	184	336	187	418	-31	569	40	236	428
Income Tax Expense	924	742	759	1,473	442	231	350	396	312	215
Net Income / (Loss) Attributable to Noncontrolling Interest	69	31	53	-22	9.80	-12	263	41	143	143
Basic Earnings per Share	$3.29	$2.94	$3.01	$1.39	$2.35	$1.59	$3.58	$2.53	$1.72	$0.85
Weighted Average Basic Shares Outstanding	601.49M	568.81M	553.91M	513.09M	498.07M	504.59M	501.80M	499.56M	494.58M	523.67M
Diluted Earnings per Share	$3.29	$2.94	$3.01	$1.39	$2.35	$1.59	$3.57	$2.53	$1.72	$0.85
Weighted Average Diluted Shares Outstanding	601.49M	568.81M	553.91M	513.09M	498.07M	504.59M	501.80M	499.56M	494.58M	523.67M
Weighted Average Basic & Diluted Shares Outstanding	601.49M	568.81M	553.91M	513.09M	498.07M	504.59M	501.80M	499.56M	494.58M	523.67M
Cash Dividends to Common per Share	$1.10	$0.72	$0.80	$3.92	$1.04	$1.08	$1.12	$1.16	$1.20	$1.24

This table shows Franklin Resources' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	6/30/2022	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	256	233	166	194	228	296	251	124	174	-85	164
Consolidated Net Income / (Loss)	224	206	169	273	247	337	256	175	232	-56	232
Net Income / (Loss) Continuing Operations	224	206	169	273	247	337	256	175	232	-140	232
Total Pre-Tax Income	313	254	229	366	331	412	331	238	300	-46	313
Total Operating Income	405	349	194	255	315	338	207	129	223	-151	219
Total Gross Profit	1,265	1,171	988	1,080	1,128	1,160	1,023	1,125	1,229	1,270	1,260
Total Revenue	2,031	1,939	1,967	1,927	1,969	1,986	1,991	2,153	2,123	2,211	2,252
Operating Revenue	2,031	1,939	1,967	1,927	1,969	1,986	1,991	2,153	2,123	2,211	2,252
Total Cost of Revenue	767	768	979	847	841	826	968	1,028	894	941	991
Operating Cost of Revenue	767	768	979	847	841	826	968	1,028	894	941	991
Total Operating Expenses	860	823	794	825	813	822	816	995	1,007	1,421	1,041
Selling, General & Admin Expense	284	272	268	273	264	266	263	350	337	374	341
Marketing Expense	440	413	389	407	407	411	401	484	481	497	512
Amortization Expense	82	82	83	86	85	87	86	85	84	84	113
Other Operating Expenses / (Income)	54	56	55	60	57	58	67	76	105	78	75
Total Other Income / (Expense), net	-92	-108	35	111	16	74	125	109	78	20	94
Other Income / (Expense), net	-	-	35	111	16	74	125	109	78	117	94
Income Tax Expense	90	49	60	93	84	75	75	63	68	9.50	81
Net Income / (Loss) Attributable to Noncontrolling Interest	-32	-28	4.70	79	19	40	5.00	51	58	29	69
Basic Earnings per Share	$0.50	$0.46	$0.32	$0.38	$0.44	$0.58	$0.50	$0.23	$0.32	($0.20)	$0.29
Weighted Average Basic Shares Outstanding	498.36M	499.56M	500.36M	500.86M	498.98M	494.58M	526.56M	526.09M	523.00M	523.67M	525.40M
Diluted Earnings per Share	$0.50	$0.47	$0.32	$0.38	$0.44	$0.58	$0.50	$0.23	$0.32	($0.20)	$0.29
Weighted Average Diluted Shares Outstanding	498.36M	499.56M	500.36M	500.86M	498.98M	494.58M	526.56M	526.09M	523.00M	523.67M	525.40M
Weighted Average Basic & Diluted Shares Outstanding	498.36M	499.56M	500.36M	500.86M	498.98M	494.58M	526.56M	526.09M	523.00M	523.67M	525.40M
Cash Dividends to Common per Share	$0.29	-	$0.30	$0.30	$0.30	-	$0.31	$0.31	$0.31	-	$0.32

This table details how cash moves in and out of Franklin Resources' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024
Net Change in Cash & Equivalents	772	115	266	-1,839	-704	-2,217	657	135	-380	382
Net Cash From Operating Activities	2,252	1,728	1,135	2,230	269	1,083	1,245	1,957	1,089	971
Net Cash From Continuing Operating Activities	2,252	1,728	1,135	2,230	269	1,083	1,245	1,957	1,089	971
Net Income / (Loss) Continuing Operations	2,105	1,758	1,790	743	1,206	787	2,095	1,333	1,026	608
Consolidated Net Income / (Loss)	2,105	1,758	1,790	743	1,206	787	2,095	1,333	1,026	608
Depreciation Expense	97	87	80	75	79	75	79	96	104	117
Amortization Expense	113	75	72	83	101	134	310	347	391	400
Non-Cash Adjustments To Reconcile Net Income	-38	-159	-994	596	-1,263	-383	-1,139	110	-538	117
Changes in Operating Assets and Liabilities, net	-25	-33	188	734	147	471	-99	71	106	-270
Net Cash From Investing Activities	249	192	52	-290	-1,275	-4,062	-2,616	-3,329	-3,610	-2,424
Net Cash From Continuing Investing Activities	249	192	52	-290	-1,275	-4,062	-2,616	-3,329	-3,610	-2,211
Purchase of Property, Plant & Equipment	-69	-98	-75	-107	-234	-104	-79	-90	-149	-177
Acquisitions	0.00	0.00	-14	-87	-494	-3,821	-9.00	-1,355	-501	175
Purchase of Investments	-92	-104	-487	-432	-402	-481	-770	-926	-758	-1,128
Sale and/or Maturity of Investments	406	405	713	360	343	880	594	1,026	609	1,407
Other Investing Activities, net	4.40	-12	-85	-25	-490	-535	-2,351	-1,984	-2,812	-2,488
Net Cash From Financing Activities	-1,612	-1,801	-956	-3,762	340	734	2,030	1,585	2,107	1,416
Net Cash From Continuing Financing Activities	-1,612	-1,801	-956	-3,762	340	734	2,030	1,585	2,107	1,578
Repayment of Debt	-410	-187	-354	-362	-1.50	-0.40	-762	-300	-300	-250
Repurchase of Preferred Equity	-	-	-	-	-	-	0.00	0.00	175	5.30
Repurchase of Common Equity	-1,060	-1,308	-765	-1,425	-755	-218	-208	-181	-256	-274
Payment of Dividends	-566	-421	460	-1,957	632	-124	162	-383	38	-416
Issuance of Debt	396	93	0.00	0.00	1.70	0.20	1,194	300	0.00	0.00
Issuance of Common Equity	26	24	25	25	23	21	22	25	23	21
Other Financing Activities, net	2.80	-2.40	-322	-43	439	1,056	1,622	2,124	2,427	2,492
Other Net Changes in Cash	-	-	-	-	-	-	-2.20	-	34	43
Cash Interest Paid	45	47	42	39	27	19	117	133	122	113
Cash Income Taxes Paid	925	759	712	524	521	359	498	468	233	436

This table details how cash moves in and out of Franklin Resources' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	6/30/2022	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	-536	304	-280	-224	109	15	-523	245	-13	673	-764
Net Cash From Operating Activities	820	866	-256	-73	654	765	-252	137	528	558	-145
Net Cash From Continuing Operating Activities	820	866	-256	-73	654	765	-252	137	528	558	-145
Net Income / (Loss) Continuing Operations	224	206	169	272	247	338	256	175	232	-56	232
Consolidated Net Income / (Loss)	224	206	169	272	247	338	256	175	232	-56	232
Depreciation Expense	26	27	25	28	25	26	26	32	29	30	30
Amortization Expense	96	97	96	99	98	99	99	100	99	103	133
Non-Cash Adjustments To Reconcile Net Income	257	169	-178	-328	-121	88	-100	-69	-81	367	-1.60
Changes in Operating Assets and Liabilities, net	217	368	-368	-144	405	212	-533	-101	250	115	-539
Net Cash From Investing Activities	-1,529	-649	-1,043	-1,179	-1,057	-332	-138	-273	-812	-1,201	-657
Net Cash From Continuing Investing Activities	-1,529	-649	-1,043	-1,179	-1,057	-332	-138	-273	-812	-988	-657
Purchase of Property, Plant & Equipment	-13	-35	-27	-15	-79	-27	-20	-42	-46	-70	-72
Purchase of Investments	-301	-250	-234	-270	-160	-93	-267	-234	-1,516	889	-748
Sale and/or Maturity of Investments	146	154	218	168	139	84	318	226	606	257	168
Other Investing Activities, net	-379	-519	-505	-1,054	-957	-296	-168	-402	147	-2,065	-5.10
Net Cash From Financing Activities	213	96	959	1,028	506	-386	-159	391	274	909	88
Net Cash From Continuing Financing Activities	213	96	959	1,028	506	-386	-159	391	274	1,071	88
Repayment of Debt	-	-	-	-	-	-	-	-	-	-1,213	50
Repurchase of Preferred Equity	-	-	175	-	-	-	0.00	-	-	5.30	39
Repurchase of Common Equity	-50	-27	-14	-3.60	-52	-186	-59	-12	-102	-102	-5.80
Payment of Dividends	-206	-141	123	127	-155	-58	-118	-136	-33	-130	5.60
Other Financing Activities, net	469	252	675	891	713	148	18	531	-554	2,497	-0.70
Cash Interest Paid	7.10	72	4.30	43	8.40	66	11	41	16	46	9.90
Cash Income Taxes Paid	107	11	13	191	21	7.80	27	292	40	78	28

This table presents Franklin Resources' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024
Total Assets	16,336	16,099	17,534	14,384	14,532	21,685	24,168	28,061	30,121	32,465
Total Current Assets	21,705	10,791	14,613	10,089	9,101	9,415	13,406	15,731	17,777	19,479
Cash & Equivalents	16,736	8,483	8,750	6,911	5,958	3,990	4,647	4,783	4,402	4,409
Short-Term Investments	4,109	1,513	4,861	2,109	2,304	4,074	7,330	9,549	11,859	13,373
Accounts Receivable	860	794	1,002	848	839	1,351	1,428	1,399	1,515	1,697
Plant, Property, & Equipment, net	510	523	517	535	684	814	770	743	800	946
Plant, Property & Equipment, gross	510	523	517	535	684	814	770	743	800	946
Total Noncurrent Assets	2,510	4,786	2,404	3,760	4,748	11,574	9,993	11,721	11,711	12,257
Goodwill	2,257	2,211	2,228	2,333	2,130	4,501	4,458	5,779	6,004	6,211
Intangible Assets	-	-	-	-	864	4,914	4,710	5,082	4,902	4,802
Other Noncurrent Operating Assets	253	2,575	177	1,427	1,754	2,159	825	860	805	1,243
Total Liabilities & Shareholders' Equity	16,336	16,099	17,534	14,384	14,532	21,685	24,168	28,061	30,121	32,465
Total Liabilities	3,780	3,510	2,656	3,132	3,161	10,274	11,425	14,236	16,547	17,900
Total Current Liabilities	1,154	1,063	1,189	1,687	1,521	3,694	2,249	2,165	1,861	4,586
Accounts Payable	268	299	292	227	304	1,038	1,037	1,113	880	1,413
Current Deferred & Payable Income Tax Liabilities	-	-	75	1,035	825	703	694	523	514	406
Current Employee Benefit Liabilities	433	-	-	-	-	-	-	-	-	1,801
Other Current Liabilities	-	357	397	-	0.00	1,685	518	528	468	965
Total Noncurrent Liabilities	2,669	2,521	1,476	1,454	1,641	6,591	9,189	12,246	14,711	13,354
Long-Term Debt	2,155	2,083	1,098	729	748	5,818	7,070	8,834	11,285	12,122
Noncurrent Deferred & Payable Income Tax Liabilities	241	162	171	127	120	305	312	348	450	285
Other Noncurrent Operating Liabilities	272	276	207	193	271	468	628	1,600	1,311	947
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	60	61	1,942	1,044	747	542	933	1,526	1,026	1,322
Total Equity & Noncontrolling Interests	12,496	12,528	12,936	10,208	10,624	10,869	11,811	12,299	12,548	13,243
Total Preferred & Common Equity	11,841	11,936	12,620	9,899	9,907	10,115	11,223	11,475	11,917	12,508
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	11,841	11,936	12,620	9,899	9,907	10,115	11,223	11,475	11,917	12,508
Common Stock	60	57	56	52	50	50	50	50	50	1,000
Retained Earnings	12,095	12,226	12,849	10,218	10,288	10,473	11,551	12,046	12,377	11,928
Accumulated Other Comprehensive Income / (Loss)	-314	-347	-285	-371	-432	-408	-378	-621	-509	-420
Noncontrolling Interest	655	592	316	309	718	755	587	824	631	735

This table presents Franklin Resources' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	6/30/2022	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Total Assets	27,596	28,061	29,335	29,086	30,235	30,121	29,866	32,908	33,255	32,465	32,390
Total Current Assets	13,369	15,731	14,530	16,450	17,736	17,777	17,324	19,286	8,627	19,479	19,470
Cash & Equivalents	4,479	4,783	4,502	4,279	4,388	4,402	3,880	4,124	4,112	4,409	3,645
Short-Term Investments	7,475	9,549	8,736	10,799	11,888	11,859	11,680	13,527	2,945	13,373	14,290
Accounts Receivable	1,415	1,399	1,292	1,372	1,460	1,515	1,764	1,635	1,571	1,697	1,535
Plant, Property, & Equipment, net	759	743	760	750	806	800	807	899	905	946	978
Plant, Property & Equipment, gross	759	743	760	750	806	800	807	899	-	946	978
Total Noncurrent Assets	13,468	11,721	14,046	11,957	11,811	11,711	12,029	12,908	12,812	12,257	12,084
Goodwill	5,807	5,779	5,943	6,007	6,012	6,004	6,013	6,199	6,199	6,211	6,194
Intangible Assets	5,177	5,082	5,155	5,070	4,995	4,902	4,823	5,331	5,268	4,802	4,677
Other Noncurrent Operating Assets	2,484	860	2,948	880	804	805	1,193	1,378	1,346	1,243	1,212
Total Liabilities & Shareholders' Equity	27,596	28,061	29,335	29,086	30,235	30,121	29,866	32,908	33,255	32,465	32,390
Total Liabilities	13,817	14,236	14,800	15,683	16,645	16,547	16,150	18,072	18,354	17,900	17,050
Total Current Liabilities	2,279	2,165	2,404	1,989	2,072	1,861	2,487	2,635	915	4,586	3,986
Accounts Payable	993	1,113	1,199	979	1,129	880	1,001	1,318	532	1,413	1,446
Current Deferred & Payable Income Tax Liabilities	521	523	666	487	449	514	620	333	383	406	461
Current Employee Benefit Liabilities	-	-	-	-	-	-	-	-	-	1,801	1,132
Other Current Liabilities	555	528	539	523	495	468	865	983	-	965	946
Total Noncurrent Liabilities	11,560	12,246	12,397	13,721	14,600	14,711	13,688	24,618	7,084	13,354	22,131
Long-Term Debt	8,879	8,834	9,535	10,518	11,347	11,285	10,887	21,303	3,035	12,122	20,886
Noncurrent Deferred & Payable Income Tax Liabilities	291	348	258	340	451	450	393	438	421	285	280
Other Noncurrent Operating Liabilities	1,156	1,600	1,546	1,657	1,340	1,311	1,244	1,464	1,937	947	965
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	1,494	1,526	1,979	961	1,050	1,026	1,079	1,254	1,266	1,322	2,106
Total Equity & Noncontrolling Interests	12,285	12,299	12,556	12,443	12,539	12,548	12,638	13,582	13,635	13,243	13,234
Total Preferred & Common Equity	11,544	11,475	11,666	11,832	11,948	11,917	12,002	12,861	12,870	12,508	12,462
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	11,544	11,475	11,666	11,832	11,948	11,917	12,002	12,861	12,870	12,508	12,462
Common Stock	50	50	50	50	50	50	50	1,075	1,037	1,000	1,067
Retained Earnings	11,998	12,046	12,113	12,260	12,361	12,377	12,402	12,265	12,321	11,928	11,919
Accumulated Other Comprehensive Income / (Loss)	-504	-621	-496	-478	-463	-509	-450	-479	-488	-420	-524
Noncontrolling Interest	741	824	889	611	591	631	636	721	765	735	772

This table displays calculated financial ratios and metrics derived from Franklin Resources' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-6.39%	-16.74%	-98.46%	6,000.79%	82.75%	-50.91%	51.36%	-1.78%	-5.15%	8.01%
EBITDA Growth	-10.90%	-17.27%	1.51%	-13.83%	-12.99%	-40.57%	130.94%	-20.36%	-18.74%	-26.24%
EBIT Growth	-11.25%	-16.89%	2.00%	-14.82%	-14.91%	-46.00%	140.12%	-25.80%	-26.22%	-37.54%
NOPAT Growth	-7.65%	-20.95%	-4.43%	-57.23%	57.82%	-24.42%	98.11%	-14.89%	-38.21%	-64.38%
Net Income Growth	-12.73%	-16.49%	1.82%	-58.50%	62.31%	-34.71%	166.12%	-36.35%	-23.06%	-40.73%
EPS Growth	-13.19%	-10.64%	2.38%	-53.82%	69.06%	-32.34%	124.53%	-29.13%	-32.02%	-50.58%
Operating Cash Flow Growth	5.33%	-23.28%	-34.28%	96.38%	-87.96%	303.46%	14.96%	57.11%	-44.33%	-10.82%
Free Cash Flow Firm Growth	1,277.70%	-114.30%	659.80%	-97.72%	130.71%	-2,329.10%	174.19%	-72.79%	-56.60%	-110.83%
Invested Capital Growth	-49.99%	88.00%	-44.45%	21.30%	25.83%	124.53%	-17.99%	5.92%	5.46%	3.93%
Revenue Q/Q Growth	-3.42%	-3.81%	-98.41%	5,144.72%	97.73%	0.00%	0.00%	-2.84%	0.60%	2.73%
EBITDA Q/Q Growth	-8.17%	1.10%	0.72%	-8.83%	10.06%	116.16%	340.80%	-4.43%	14.14%	-27.63%
EBIT Q/Q Growth	-8.63%	1.64%	0.83%	-9.43%	10.22%	165.56%	830.77%	-7.33%	20.27%	-38.52%
NOPAT Q/Q Growth	-5.68%	-1.97%	-1.62%	-0.44%	-12.70%	0.00%	0.00%	-17.31%	0.23%	-57.69%
Net Income Q/Q Growth	-10.59%	5.49%	0.20%	-0.03%	-12.17%	-18.85%	41.69%	-28.72%	14.71%	-43.63%
EPS Q/Q Growth	-12.96%	5.00%	-1.63%	12.10%	-11.65%	-22.44%	47.52%	-24.70%	6.83%	-47.85%
Operating Cash Flow Q/Q Growth	-11.41%	7.81%	-25.33%	32.28%	-69.85%	35.11%	11.20%	22.57%	-8.56%	-20.85%
Free Cash Flow Firm Q/Q Growth	174.94%	-124.48%	872.52%	-94.82%	115.53%	-2,468.87%	156.59%	7.60%	-86.84%	95.05%
Invested Capital Q/Q Growth	-2.46%	204.69%	-2.94%	80.50%	-3.31%	126.86%	-22.37%	-23.92%	-0.16%	-12.02%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	81.72%	79.44%	100.00%	77.59%	86.02%	66.34%	64.73%	62.66%	55.49%	54.81%
EBITDA Margin	41.24%	40.98%	2,706.88%	38.24%	18.20%	22.04%	33.62%	27.26%	23.36%	15.95%
Operating Margin	38.09%	35.75%	2,226.45%	32.69%	12.94%	18.84%	22.25%	21.44%	14.04%	4.81%
EBIT Margin	38.60%	38.53%	2,557.13%	35.70%	16.62%	18.29%	29.01%	21.91%	17.05%	9.86%
Profit (Net Income) Margin	26.48%	26.56%	1,759.78%	11.97%	10.63%	14.14%	24.86%	16.11%	13.07%	7.17%
Tax Burden Percent	69.50%	70.31%	70.21%	33.53%	73.16%	77.33%	85.70%	77.09%	76.66%	73.85%
Interest Burden Percent	98.71%	98.04%	98.02%	100.00%	87.42%	100.00%	100.00%	95.36%	100.00%	98.50%
Effective Tax Rate	30.50%	29.69%	29.79%	66.47%	26.84%	22.67%	14.30%	22.91%	23.34%	26.15%
Return on Invested Capital (ROIC)	52.64%	43.34%	40.80%	22.08%	28.15%	11.77%	18.51%	16.98%	9.93%	3.38%
ROIC Less NNEP Spread (ROIC-NNEP)	52.64%	42.26%	38.76%	21.45%	26.38%	12.30%	4.15%	17.63%	6.44%	-2.57%
Return on Net Nonoperating Assets (RNNOA)	-35.81%	-29.36%	-27.76%	-16.39%	-17.49%	-4.86%	-1.17%	-6.94%	-2.44%	0.94%
Return on Equity (ROE)	16.84%	13.98%	13.03%	5.68%	10.66%	6.91%	17.34%	10.04%	7.49%	4.32%
Cash Return on Invested Capital (CROIC)	119.29%	-17.77%	97.94%	2.83%	5.27%	-64.98%	38.28%	11.23%	4.61%	-0.48%
Operating Return on Assets (OROA)	18.77%	15.72%	15.46%	13.88%	13.04%	5.62%	10.66%	6.94%	4.60%	2.67%
Return on Assets (ROA)	12.88%	10.84%	10.64%	4.65%	8.34%	4.35%	9.14%	5.11%	3.53%	1.94%
Return on Common Equity (ROCE)	15.77%	13.22%	11.65%	4.90%	9.33%	6.07%	15.32%	8.57%	6.39%	3.75%
Return on Equity Simple (ROE_SIMPLE)	17.77%	14.73%	14.18%	7.50%	12.17%	7.78%	18.66%	11.62%	8.61%	4.86%
Net Operating Profit after Tax (NOPAT)	2,104	1,663	1,590	680	1,073	811	1,607	1,368	845	301
NOPAT Margin	26.47%	25.13%	1,563.17%	10.96%	9.46%	14.57%	19.07%	16.53%	10.77%	3.55%
Net Nonoperating Expense Percent (NNEP)	0.01%	1.08%	2.03%	0.63%	1.76%	-0.53%	14.36%	-0.66%	3.48%	5.95%
Cost of Revenue to Revenue	18.28%	20.56%	0.00%	22.41%	13.98%	33.66%	35.27%	37.34%	44.51%	45.19%
SG&A Expenses to Revenue	7.21%	8.27%	532.94%	9.92%	2.28%	13.27%	12.15%	12.87%	13.63%	15.61%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	43.63%	43.69%	4,058.90%	44.90%	60.15%	47.49%	42.48%	41.23%	41.44%	50.00%
Earnings before Interest and Taxes (EBIT)	3,068	2,550	2,601	2,215	1,885	1,018	2,444	1,814	1,338	836
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	3,278	2,712	2,753	2,372	2,064	1,227	2,833	2,256	1,833	1,352
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.31	1.19	1.39	1.28	1.20	0.86	1.19	0.85	0.98	0.84
Price to Tangible Book Value (P/TBV)	1.62	1.46	1.69	1.67	1.72	12.40	6.50	15.85	11.53	7.05
Price to Revenue (P/Rev)	1.96	2.15	172.82	2.04	1.05	1.56	1.59	1.18	1.49	1.24
Price to Earnings (P/E)	7.65	8.25	0.00	16.56	2.91	10.86	7.30	7.53	13.20	22.67
Dividend Yield	3.75%	2.91%	2.54%	3.83%	4.41%	6.17%	4.21%	5.94%	5.14%	6.15%
Earnings Yield	13.07%	12.13%	0.00%	6.04%	34.31%	9.21%	13.70%	13.28%	7.57%	4.41%
Enterprise Value to Invested Capital (EV/IC)	0.00	1.45	2.74	1.78	1.43	0.84	1.28	0.79	0.95	1.79
Enterprise Value to Revenue (EV/Rev)	0.00	1.10	75.07	0.97	0.54	1.44	1.18	0.80	1.06	1.92
Enterprise Value to EBITDA (EV/EBITDA)	0.00	2.69	2.77	2.54	2.94	6.52	3.52	2.92	4.55	12.04
Enterprise Value to EBIT (EV/EBIT)	0.00	2.86	2.94	2.72	3.22	7.85	4.08	3.63	6.23	19.48
Enterprise Value to NOPAT (EV/NOPAT)	0.00	4.38	4.80	8.85	5.66	9.85	6.21	4.81	9.87	54.07
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	4.22	6.72	2.70	22.63	7.38	8.01	3.36	7.65	16.76
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	2.00	69.06	30.23	0.00	3.00	7.28	21.24	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.20	0.19	0.09	0.09	0.09	0.53	0.55	0.64	0.83	1.47
Long-Term Debt to Equity	0.17	0.17	0.07	0.06	0.07	0.51	0.55	0.64	0.83	1.47
Financial Leverage	-0.68	-0.69	-0.72	-0.76	-0.66	-0.39	-0.28	-0.39	-0.38	-0.37
Leverage Ratio	1.31	1.29	1.22	1.22	1.28	1.59	1.90	1.97	2.12	2.22
Compound Leverage Factor	1.29	1.26	1.20	1.22	1.12	1.59	1.90	1.87	2.12	2.19
Debt to Total Capital	16.69%	15.93%	8.66%	8.36%	8.10%	34.78%	35.68%	38.99%	45.40%	59.57%
Short-Term Debt to Total Capital	2.39%	2.02%	1.92%	2.43%	2.05%	1.53%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	14.30%	13.91%	6.74%	5.93%	6.04%	33.25%	35.68%	38.99%	45.40%	59.57%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	4.74%	4.36%	13.86%	11.01%	11.84%	7.41%	7.67%	10.37%	6.67%	5.71%
Common Equity to Total Capital	78.57%	79.71%	77.48%	80.63%	80.07%	57.81%	56.64%	50.64%	47.94%	34.72%
Debt to EBITDA	0.77	0.88	0.51	0.43	0.49	4.96	2.50	3.92	6.16	15.87
Net Debt to EBITDA	-5.59	-2.81	-4.43	-3.37	-3.52	-1.61	-1.73	-2.44	-2.71	2.72
Long-Term Debt to EBITDA	0.66	0.77	0.40	0.31	0.36	4.74	2.50	3.92	6.16	15.87
Debt to NOPAT	1.20	1.43	0.89	1.51	0.93	7.50	4.40	6.46	13.35	71.31
Net Debt to NOPAT	-8.71	-4.58	-7.67	-11.76	-6.76	-2.44	-3.05	-4.02	-5.89	12.23
Long-Term Debt to NOPAT	1.02	1.25	0.69	1.07	0.70	7.17	4.40	6.46	13.35	71.31
Altman Z-Score	6.12	5.16	6.41	5.06	5.08	1.91	2.61	2.10	2.04	1.76
Noncontrolling Interest Sharing Ratio	6.31%	5.44%	10.60%	13.82%	12.45%	12.12%	11.66%	14.57%	14.63%	13.20%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	18.81	10.16	12.29	5.98	5.99	2.55	5.96	7.27	9.55	4.25
Quick Ratio	18.81	10.16	12.29	5.85	5.99	2.55	5.96	7.27	9.55	4.25
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	4,768	-682	3,817	87	201	-4,480	3,323	904	392	-43
Operating Cash Flow to CapEx	3,273.26%	1,770.18%	1,515.89%	2,093.62%	114.89%	1,044.65%	1,570.49%	2,166.89%	731.99%	548.45%
Free Cash Flow to Firm to Interest Expense	120.41	-13.66	74.11	0.00	8.97	0.00	0.00	9.21	0.00	-0.44
Operating Cash Flow to Interest Expense	56.87	34.62	22.05	0.00	11.99	0.00	0.00	19.93	0.00	9.99
Operating Cash Flow Less CapEx to Interest Expense	55.13	32.67	20.59	0.00	1.55	0.00	0.00	19.01	0.00	8.17
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.49	0.41	0.01	0.39	0.78	0.31	0.37	0.32	0.27	0.27
Accounts Receivable Turnover	8.60	8.00	0.11	6.71	13.44	5.08	6.06	5.85	5.39	5.28
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	15.27	12.81	0.20	11.79	18.61	7.43	10.64	10.94	10.17	9.71
Accounts Payable Turnover	5.20	4.80	0.00	5.37	5.97	2.79	2.86	2.87	3.51	3.34
Days Sales Outstanding (DSO)	42.45	45.61	3,223.27	54.41	27.15	71.81	60.21	62.35	67.75	69.14
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	70.26	76.00	0.00	68.03	61.19	130.75	127.47	127.01	104.09	109.21
Cash Conversion Cycle (CCC)	-27.81	-30.39	3,223.27	-13.62	-34.04	-58.93	-67.27	-64.67	-36.34	-40.07
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,665	5,010	2,783	3,376	4,249	9,539	7,823	8,286	8,739	9,082
Invested Capital Turnover	1.99	1.72	0.03	2.01	2.97	0.81	0.97	1.03	0.92	0.95
Increase / (Decrease) in Invested Capital	-2,664	2,345	-2,227	593	872	5,291	-1,717	463	453	344
Enterprise Value (EV)	-2,048	7,282	7,634	6,015	6,075	7,993	9,977	6,580	8,337	16,276
Market Capitalization	15,568	14,240	17,576	12,656	11,871	8,674	13,364	9,728	11,657	10,538
Book Value per Share	$19.29	$20.72	$22.63	$18.78	$19.67	$20.42	$22.32	$23.02	$23.88	$23.92
Tangible Book Value per Share	$15.61	$16.88	$18.63	$14.35	$13.72	$1.41	$4.09	$1.23	$2.03	$2.86
Total Capital	15,071	14,975	16,289	12,278	12,373	17,497	19,814	22,659	24,859	36,028
Total Debt	2,515	2,385	1,411	1,026	1,002	6,086	7,070	8,834	11,285	21,463
Total Long-Term Debt	2,155	2,083	1,098	729	748	5,818	7,070	8,834	11,285	21,463
Net Debt	-18,330	-7,611	-12,200	-7,994	-7,260	-1,978	-4,907	-5,498	-4,977	3,681
Capital Expenditures (CapEx)	69	98	75	107	234	104	79	90	149	177
Debt-free, Cash-free Net Working Capital (DFCFNWC)	66	34	126	-321	-428	-2,075	-821	-766	-346	-2,889
Debt-free Net Working Capital (DFNWC)	20,911	10,031	13,737	8,699	7,834	5,989	11,157	13,566	15,916	14,893
Net Working Capital (NWC)	20,551	9,729	13,423	8,401	7,580	5,721	11,157	13,566	15,916	14,893
Net Nonoperating Expense (NNE)	-0.56	-94	-200	-63	-132	24	-488	34	-181	-307
Net Nonoperating Obligations (NNO)	-9,890	-7,579	-12,094	-7,875	-7,122	-1,872	-4,921	-5,539	-4,835	-5,483
Total Depreciation and Amortization (D&A)	210	162	152	157	179	209	389	443	495	517
Debt-free, Cash-free Net Working Capital to Revenue	0.82%	0.51%	123.70%	-5.17%	-3.77%	-37.28%	-9.75%	-9.25%	-4.41%	-34.08%
Debt-free Net Working Capital to Revenue	263.07%	151.56%	13,506.88%	140.21%	69.09%	107.59%	132.41%	163.93%	202.76%	175.67%
Net Working Capital to Revenue	258.54%	147.00%	13,198.82%	135.41%	66.85%	102.77%	132.41%	163.93%	202.76%	175.67%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.29	$2.94	$3.01	$1.39	$2.35	$1.59	$3.58	$2.53	$1.72	$0.85
Adjusted Weighted Average Basic Shares Outstanding	601.49M	568.81M	553.91M	513.09M	498.07M	504.59M	501.80M	499.56M	494.58M	523.67M
Adjusted Diluted Earnings per Share	$3.29	$2.94	$3.01	$1.39	$2.35	$1.59	$3.57	$2.53	$1.72	$0.85
Adjusted Weighted Average Diluted Shares Outstanding	601.49M	568.81M	553.91M	513.09M	498.07M	504.59M	501.80M	499.56M	494.58M	523.67M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	601.49M	568.81M	553.91M	513.09M	498.07M	504.59M	501.80M	499.56M	494.58M	523.67M
Normalized Net Operating Profit after Tax (NOPAT)	2,104	1,663	1,590	1,420	1,073	811	1,607	1,368	845	588
Normalized NOPAT Margin	26.47%	25.13%	1,563.17%	22.88%	9.46%	14.57%	19.07%	16.53%	10.77%	6.94%
Pre Tax Income Margin	38.10%	37.77%	2,506.49%	35.70%	14.53%	18.29%	29.01%	20.90%	17.05%	9.71%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	77.47	51.10	50.50	0.00	84.15	0.00	0.00	18.47	0.00	8.60
NOPAT to Interest Expense	53.13	33.33	30.87	0.00	47.91	0.00	0.00	13.93	0.00	3.10
EBIT Less CapEx to Interest Expense	75.74	49.14	49.04	0.00	73.71	0.00	0.00	17.55	0.00	6.78
NOPAT Less CapEx to Interest Expense	51.40	31.38	29.41	0.00	37.48	0.00	0.00	13.01	0.00	1.27
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	26.89%	23.93%	-25.73%	263.53%	-52.39%	15.72%	-7.72%	28.74%	-3.67%	68.43%
Augmented Payout Ratio	77.25%	98.34%	17.04%	455.37%	10.19%	43.44%	2.22%	42.30%	21.32%	113.57%

This table displays calculated financial ratios and metrics derived from Franklin Resources' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	6/30/2022	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-6.52%	-11.10%	-11.55%	-7.39%	-3.07%	2.43%	1.22%	11.71%	7.82%	11.33%	13.08%
EBITDA Growth	-20.11%	-42.62%	-56.00%	-12.62%	-13.94%	13.83%	30.39%	-24.98%	-5.64%	-81.62%	4.41%
EBIT Growth	-27.13%	-52.78%	-67.08%	-21.49%	-18.29%	18.28%	44.57%	-34.95%	-9.25%	-108.18%	-5.43%
NOPAT Growth	-28.81%	-47.28%	-67.26%	-46.63%	-18.75%	-1.87%	11.80%	-49.99%	-26.75%	-138.12%	1.56%
Net Income Growth	-52.59%	-72.31%	-69.02%	-23.95%	10.29%	63.93%	51.84%	-35.81%	-5.92%	-116.52%	-9.44%
EPS Growth	-41.86%	-63.85%	-63.64%	-44.12%	-12.00%	23.40%	56.25%	-39.47%	-27.27%	-134.48%	-42.00%
Operating Cash Flow Growth	324.77%	71.19%	-254.03%	-170.41%	-20.19%	-11.76%	1.72%	286.36%	-19.24%	-26.99%	42.36%
Free Cash Flow Firm Growth	90.41%	-108.05%	-2,558.13%	-123.69%	552.52%	3.00%	532.21%	-13.60%	-158.92%	-155.32%	-93.54%
Invested Capital Growth	8.07%	5.92%	5.16%	7.75%	-19.63%	5.46%	-14.03%	6.81%	17.94%	3.93%	0.58%
Revenue Q/Q Growth	-2.39%	-4.54%	1.45%	-2.03%	2.17%	0.87%	0.25%	8.12%	-1.39%	4.16%	1.83%
EBITDA Q/Q Growth	-6.44%	-10.43%	-25.92%	40.77%	-7.86%	18.47%	-15.14%	-19.01%	15.89%	-76.92%	381.98%
EBIT Q/Q Growth	-13.19%	-13.89%	-34.26%	59.76%	-9.64%	24.64%	-19.65%	-28.11%	26.04%	-111.23%	1,029.38%
NOPAT Q/Q Growth	-18.96%	-2.42%	-49.31%	33.17%	23.36%	17.86%	-42.26%	-40.43%	80.69%	-161.33%	253.85%
Net Income Q/Q Growth	-37.73%	-8.01%	-17.94%	61.79%	-9.70%	36.74%	-23.99%	-31.60%	32.34%	-124.01%	516.70%
EPS Q/Q Growth	-26.47%	-6.00%	-31.91%	18.75%	15.79%	31.82%	-13.79%	-54.00%	39.13%	-162.50%	245.00%
Operating Cash Flow Q/Q Growth	687.51%	5.68%	-129.58%	71.40%	992.63%	16.84%	-132.95%	154.23%	286.82%	5.64%	-126.01%
Free Cash Flow Firm Q/Q Growth	-127.67%	65.43%	-114.33%	-15.54%	628.55%	-107.41%	1,055.00%	-130.37%	-174.15%	67.89%	124.16%
Invested Capital Q/Q Growth	32.04%	-23.92%	30.73%	-17.95%	-1.52%	-0.16%	6.57%	1.94%	8.74%	-12.02%	3.13%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	62.26%	60.39%	50.22%	56.03%	57.28%	58.40%	51.37%	52.24%	57.90%	57.45%	55.97%
EBITDA Margin	25.95%	24.35%	17.78%	25.55%	23.04%	27.06%	22.91%	17.16%	20.17%	4.47%	21.15%
Operating Margin	19.92%	17.97%	9.86%	13.24%	15.99%	17.03%	10.37%	6.01%	10.48%	-6.82%	9.73%
EBIT Margin	19.92%	17.97%	11.65%	18.99%	16.80%	20.75%	16.63%	11.06%	14.14%	-1.52%	13.91%
Profit (Net Income) Margin	11.01%	10.61%	8.58%	14.17%	12.52%	16.98%	12.87%	8.14%	10.93%	-2.52%	10.31%
Tax Burden Percent	71.41%	80.92%	73.68%	74.62%	74.57%	81.80%	77.39%	73.62%	77.31%	120.56%	74.11%
Interest Burden Percent	77.37%	72.94%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	137.09%	100.00%
Effective Tax Rate	28.59%	19.08%	26.32%	25.38%	25.43%	18.20%	22.61%	26.38%	22.69%	0.00%	25.89%
Return on Invested Capital (ROIC)	11.56%	14.94%	5.51%	9.07%	9.47%	12.85%	6.27%	3.90%	7.01%	-4.54%	6.74%
ROIC Less NNEP Spread (ROIC-NNEP)	14.03%	16.40%	4.73%	7.34%	9.17%	11.68%	3.89%	2.27%	5.74%	-5.50%	5.40%
Return on Net Nonoperating Assets (RNNOA)	-2.83%	-6.46%	-1.12%	-2.64%	-2.59%	-4.42%	-1.12%	-0.79%	-1.90%	2.02%	-1.93%
Return on Equity (ROE)	8.73%	8.49%	4.39%	6.43%	6.89%	8.43%	5.16%	3.10%	5.12%	-2.52%	4.82%
Cash Return on Invested Capital (CROIC)	8.02%	11.23%	5.09%	3.06%	30.35%	4.61%	23.64%	1.88%	-9.00%	-0.48%	2.68%
Operating Return on Assets (OROA)	6.69%	5.70%	3.44%	5.44%	4.53%	5.60%	4.42%	2.89%	3.68%	-0.41%	3.91%
Return on Assets (ROA)	3.70%	3.36%	2.53%	4.06%	3.38%	4.58%	3.42%	2.13%	2.84%	-0.68%	2.89%
Return on Common Equity (ROCE)	7.45%	7.25%	3.68%	5.62%	5.91%	7.19%	4.32%	2.71%	4.46%	-2.19%	4.05%
Return on Equity Simple (ROE_SIMPLE)	16.20%	0.00%	8.20%	7.36%	7.48%	0.00%	9.28%	8.50%	8.38%	0.00%	4.68%
Net Operating Profit after Tax (NOPAT)	289	282	143	190	235	277	160	95	172	-105	162
NOPAT Margin	14.23%	14.54%	7.27%	9.88%	11.93%	13.93%	8.03%	4.42%	8.10%	-4.77%	7.21%
Net Nonoperating Expense Percent (NNEP)	-2.47%	-1.46%	0.79%	1.72%	0.31%	1.17%	2.38%	1.63%	1.27%	0.97%	1.35%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	0.68%	-	-	-	0.48%
Cost of Revenue to Revenue	37.74%	39.61%	49.78%	43.97%	42.72%	41.60%	48.63%	47.76%	42.10%	42.55%	44.03%
SG&A Expenses to Revenue	13.98%	14.05%	13.60%	14.14%	13.40%	13.40%	13.21%	16.27%	15.86%	16.89%	15.15%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	42.33%	42.42%	40.36%	42.80%	41.28%	41.36%	41.00%	46.23%	47.42%	64.27%	46.24%
Earnings before Interest and Taxes (EBIT)	405	349	229	366	331	412	331	238	300	-34	313
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	527	472	350	492	454	538	456	369	428	99	476
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.93	0.85	1.07	1.09	1.07	0.98	1.15	1.15	0.91	0.84	0.85
Price to Tangible Book Value (P/TBV)	19.21	15.85	21.88	17.07	13.55	11.53	11.83	11.12	8.38	7.05	6.68
Price to Revenue (P/Rev)	1.26	1.18	1.55	1.64	1.63	1.49	1.75	1.83	1.42	1.24	1.22
Price to Earnings (P/E)	6.23	7.53	12.39	15.17	15.55	13.20	14.23	16.47	13.92	22.67	28.18
Dividend Yield	5.35%	5.94%	4.70%	4.59%	4.68%	5.14%	4.31%	4.34%	5.50%	6.15%	6.16%
Earnings Yield	16.06%	13.28%	8.07%	6.59%	6.43%	7.57%	7.03%	6.07%	7.19%	4.41%	3.55%
Enterprise Value to Invested Capital (EV/IC)	0.93	0.79	1.07	1.11	1.08	0.95	1.16	2.15	0.95	1.79	1.76
Enterprise Value to Revenue (EV/Rev)	1.19	0.80	1.45	1.26	1.21	1.06	1.38	2.52	1.18	1.92	1.88
Enterprise Value to EBITDA (EV/EBITDA)	4.28	2.92	6.41	5.68	5.89	4.55	5.58	10.78	5.23	12.04	11.99
Enterprise Value to EBIT (EV/EBIT)	5.17	3.63	8.62	7.93	8.50	6.23	7.52	14.70	7.19	19.48	20.12
Enterprise Value to NOPAT (EV/NOPAT)	6.12	4.81	10.86	10.97	11.22	9.87	12.56	26.26	13.73	54.07	54.03
Enterprise Value to Operating Cash Flow (EV/OCF)	6.33	3.36	7.57	7.29	7.94	7.65	9.90	15.10	7.96	16.76	15.26
Enterprise Value to Free Cash Flow (EV/FCFF)	12.03	7.28	21.60	37.77	3.17	21.24	4.55	118.35	0.00	0.00	65.62
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.66	0.64	0.66	0.78	0.84	0.83	0.79	1.44	0.20	1.47	1.36
Long-Term Debt to Equity	0.64	0.64	0.66	0.78	0.84	0.83	0.79	1.44	0.20	1.47	1.36
Financial Leverage	-0.20	-0.39	-0.24	-0.36	-0.28	-0.38	-0.29	-0.35	-0.33	-0.37	-0.36
Leverage Ratio	1.93	1.97	1.96	2.05	2.11	2.12	2.10	2.20	2.23	2.22	2.14
Compound Leverage Factor	1.49	1.43	1.96	2.05	2.11	2.12	2.10	2.20	2.23	3.05	2.14
Debt to Total Capital	39.74%	38.99%	39.61%	43.97%	45.50%	45.40%	44.25%	58.95%	16.92%	59.57%	57.66%
Short-Term Debt to Total Capital	0.92%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	38.83%	38.99%	39.61%	43.97%	45.50%	45.40%	44.25%	58.95%	16.92%	59.57%	57.66%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	9.77%	10.37%	11.92%	6.57%	6.58%	6.67%	6.97%	5.46%	11.32%	5.71%	7.94%
Common Equity to Total Capital	50.48%	50.64%	48.47%	49.46%	47.91%	47.94%	48.78%	35.59%	71.75%	34.72%	34.40%
Debt to EBITDA	3.85	3.92	5.27	6.05	7.06	6.16	5.61	11.25	1.62	15.87	15.22
Net Debt to EBITDA	-1.21	-2.44	-2.04	-2.62	-3.07	-2.71	-2.41	1.93	-2.15	2.72	2.15
Long-Term Debt to EBITDA	3.76	3.92	5.27	6.05	7.06	6.16	5.61	11.25	1.62	15.87	15.22
Debt to NOPAT	5.50	6.46	8.92	11.67	13.46	13.35	12.63	27.39	4.27	71.31	68.58
Net Debt to NOPAT	-1.73	-4.02	-3.46	-5.06	-5.85	-5.89	-5.42	4.70	-5.65	12.23	9.69
Long-Term Debt to NOPAT	5.37	6.46	8.92	11.67	13.46	13.35	12.63	27.39	4.27	71.31	68.58
Altman Z-Score	1.91	1.93	1.88	1.99	1.95	1.94	1.99	1.89	1.46	1.68	1.76
Noncontrolling Interest Sharing Ratio	14.63%	14.57%	16.22%	12.56%	14.16%	14.63%	16.22%	12.56%	12.89%	13.20%	15.80%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	5.87	7.27	6.04	8.27	8.56	9.55	6.97	7.32	9.43	4.25	4.89
Quick Ratio	5.87	7.27	6.04	8.27	8.56	9.55	6.97	7.32	9.43	4.25	4.89
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-524	-181	-389	-449	2,373	-176	1,679	-510	-1,398	-449	108
Operating Cash Flow to CapEx	6,258.02%	2,496.83%	-935.40%	-475.97%	831.39%	2,800.37%	-1,291.79%	327.58%	1,146.20%	799.71%	-202.23%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.34	0.32	0.30	0.29	0.27	0.27	0.27	0.26	0.26	0.27	0.28
Accounts Receivable Turnover	6.14	5.85	5.49	5.73	5.43	5.39	5.15	5.39	5.45	5.28	5.30
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	11.27	10.94	10.58	10.53	9.97	10.17	10.05	9.82	9.65	9.71	9.79
Accounts Payable Turnover	3.48	2.87	2.78	3.14	3.24	3.51	3.17	3.19	4.47	3.34	3.15
Days Sales Outstanding (DSO)	59.48	62.35	66.54	63.65	67.25	67.75	70.82	67.77	67.02	69.14	68.90
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	104.89	127.01	131.33	116.10	112.72	104.09	115.29	114.43	81.57	109.21	115.88
Cash Conversion Cycle (CCC)	-45.41	-64.67	-64.79	-52.45	-45.47	-36.34	-44.46	-46.66	-14.55	-40.07	-46.99
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	10,891	8,286	10,832	8,888	8,753	8,739	9,312	9,493	10,323	9,082	9,366
Invested Capital Turnover	0.81	1.03	0.76	0.92	0.79	0.92	0.78	0.88	0.87	0.95	0.94
Increase / (Decrease) in Invested Capital	813	463	532	639	-2,138	453	-1,520	605	1,570	344	54
Enterprise Value (EV)	10,113	6,580	11,612	9,888	9,460	8,337	10,827	20,428	9,768	16,276	16,454
Market Capitalization	10,743	9,728	12,447	12,877	12,747	11,657	13,786	14,802	11,758	10,538	10,625
Book Value per Share	$23.09	$23.02	$23.35	$23.65	$23.86	$23.88	$24.27	$24.42	$24.46	$23.92	$23.80
Tangible Book Value per Share	$1.12	$1.23	$1.14	$1.51	$1.88	$2.03	$2.36	$2.53	$2.67	$2.86	$3.04
Total Capital	22,867	22,659	24,070	23,921	24,937	24,859	24,603	36,139	17,936	36,028	36,226
Total Debt	9,089	8,834	9,535	10,518	11,347	11,285	10,887	21,303	3,035	21,463	20,886
Total Long-Term Debt	8,879	8,834	9,535	10,518	11,347	11,285	10,887	21,303	3,035	21,463	20,886
Net Debt	-2,866	-5,498	-3,703	-4,560	-4,928	-4,977	-4,674	3,652	-4,022	3,681	2,951
Capital Expenditures (CapEx)	13	35	27	15	79	27	20	42	46	70	72
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-655	-766	-1,112	-617	-612	-346	-723	-999	656	-2,889	-2,450
Debt-free Net Working Capital (DFNWC)	11,299	13,566	12,126	14,461	15,664	15,916	14,837	16,652	7,712	14,893	15,485
Net Working Capital (NWC)	11,089	13,566	12,126	14,461	15,664	15,916	14,837	16,652	7,712	14,893	15,485
Net Nonoperating Expense (NNE)	65	76	-26	-83	-12	-60	-96	-80	-60	-50	-70
Net Nonoperating Obligations (NNO)	-2,888	-5,539	-3,703	-4,515	-4,837	-4,835	-4,404	-5,343	-4,579	-5,483	-5,974
Total Depreciation and Amortization (D&A)	123	124	121	126	123	125	125	131	128	133	163
Debt-free, Cash-free Net Working Capital to Revenue	-7.69%	-9.25%	-13.87%	-7.84%	-7.85%	-4.41%	-9.18%	-12.34%	7.95%	-34.08%	-28.04%
Debt-free Net Working Capital to Revenue	132.66%	163.93%	151.22%	183.88%	200.76%	202.76%	188.45%	205.60%	93.45%	175.67%	177.20%
Net Working Capital to Revenue	130.20%	163.93%	151.22%	183.88%	200.76%	202.76%	188.45%	205.60%	93.45%	175.67%	177.20%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.50	$0.46	$0.32	$0.38	$0.44	$0.58	$0.50	$0.23	$0.32	($0.20)	$0.29
Adjusted Weighted Average Basic Shares Outstanding	498.36M	499.56M	500.36M	500.86M	498.98M	494.58M	526.56M	526.09M	523.00M	523.67M	525.40M
Adjusted Diluted Earnings per Share	$0.50	$0.47	$0.32	$0.38	$0.44	$0.58	$0.50	$0.23	$0.32	($0.20)	$0.29
Adjusted Weighted Average Diluted Shares Outstanding	498.36M	499.56M	500.36M	500.86M	498.98M	494.58M	526.56M	526.09M	523.00M	523.67M	525.40M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	498.36M	499.56M	500.36M	500.86M	498.98M	494.58M	526.56M	526.09M	523.00M	523.67M	525.40M
Normalized Net Operating Profit after Tax (NOPAT)	289	282	143	190	235	277	160	95	172	-105	162
Normalized NOPAT Margin	14.23%	14.54%	7.27%	9.88%	11.93%	13.93%	8.03%	4.42%	8.10%	-4.77%	7.21%
Pre Tax Income Margin	15.41%	13.11%	11.65%	18.99%	16.80%	20.75%	16.63%	11.06%	14.14%	-2.09%	13.91%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	5.83%	28.74%	26.50%	11.09%	5.10%	-3.67%	18.26%	49.77%	39.11%	68.43%	50.09%
Augmented Payout Ratio	17.94%	42.30%	44.61%	21.91%	15.92%	21.32%	45.29%	78.03%	72.33%	113.57%	88.02%

Frequently Asked Questions About Franklin Resources' Financials

When does Franklin Resources's financial year end?

According to the most recent income statement we have on file, Franklin Resources' fiscal year ends in September. Their fiscal year 2024 ended on September 30, 2024.

How has Franklin Resources' net income changed over the last 9 years?

Franklin Resources' net income appears to be on a downward trend, with a most recent value of $607.90 million in 2024, falling from $2.10 billion in 2015. The previous period was $1.03 billion in 2023. See where experts think Franklin Resources is headed by visiting Franklin Resources' forecast page.

What is Franklin Resources's operating income?

Franklin Resources's total operating income in 2024 was $407.60 million, based on the following breakdown:

Total Gross Profit: $4.65 billion
Total Operating Expenses: $4.24 billion

How has Franklin Resources revenue changed over the last 9 years?

Over the last 9 years, Franklin Resources' total revenue changed from $7.95 billion in 2015 to $8.48 billion in 2024, a change of 6.7%.

How much debt does Franklin Resources have?

Franklin Resources' total liabilities were at $17.90 billion at the end of 2024, a 8.2% increase from 2023, and a 373.5% increase since 2015.

How much cash does Franklin Resources have?

In the past 9 years, Franklin Resources' cash and equivalents has ranged from $3.99 billion in 2020 to $16.74 billion in 2015, and is currently $4.41 billion as of their latest financial filing in 2024.

How has Franklin Resources' book value per share changed over the last 9 years?

Over the last 9 years, Franklin Resources' book value per share changed from 19.29 in 2015 to 23.92 in 2024, a change of 24.0%.

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This page (NYSE:BEN) was last updated on 5/6/2025 by MarketBeat.com Staff

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Franklin Resources (BEN) Financials

Frequently Asked Questions About Franklin Resources' Financials

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Franklin Resources (BEN) Financials

Annual Income Statements for Franklin Resources

Quarterly Income Statements for Franklin Resources

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Quarterly Cash Flow Statements for Franklin Resources

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Quarterly Balance Sheets for Franklin Resources

Annual Metrics and Ratios for Franklin Resources

Quarterly Metrics and Ratios for Franklin Resources

Frequently Asked Questions About Franklin Resources' Financials

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