Franklin Resources (BEN) Financials

$21.79 +0.14 (+0.65%)

Closing price 03:59 PM Eastern

Extended Trading

$21.79 +0.00 (+0.00%)

As of 06:43 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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	9/30/2024	9/30/2023	9/30/2022	9/30/2021	9/30/2020	9/30/2019	9/30/2018	9/30/2017	9/30/2016	9/30/2015
Net Income / (Loss) Attributable to Common Shareholders	465	883	1,292	1,831	799	4,073	764	-4,554	1,727	2,035
Consolidated Net Income / (Loss)	608	1,026	1,333	2,095	787	1,206	743	1,790	1,758	2,105
Net Income / (Loss) Continuing Operations	523	1,026	1,333	2,095	787	2,887	743	-4,501	1,758	2,105
Total Pre-Tax Income	823	1,338	1,729	2,444	1,018	1,648	2,215	2,549	2,500	3,028
Total Operating Income	408	1,102	1,774	1,875	1,049	1,467	2,028	2,264	2,366	3,028
Total Gross Profit	4,647	4,355	5,186	5,454	3,693	9,754	4,814	102	5,257	6,495
Total Revenue	8,478	7,849	8,275	8,426	5,567	11,339	6,205	102	6,618	7,949
Operating Revenue	8,478	7,849	8,275	8,426	5,567	11,339	6,205	102	6,618	7,949
Total Cost of Revenue	3,831	3,494	3,090	2,971	1,874	1,585	1,391	0.00	1,361	1,453
Operating Cost of Revenue	3,831	3,494	3,090	2,971	1,874	1,585	1,391	-	1,361	1,453
Total Operating Expenses	4,239	3,253	3,412	3,579	2,644	6,820	2,786	4,128	2,891	3,468
Selling, General & Admin Expense	1,323	1,070	1,065	1,023	739	259	616	542	547	573
Marketing Expense	1,863	1,613	1,846	2,106	1,703	1,820	2,040	2,131	2,210	2,762
Amortization Expense	338	341	282	232	54	15	1.80	-	-	-
Other Operating Expenses / (Income)	325	229	219	218	148	4,728	129	1,455	134	133
Impairment Charge	389	-	0.00	-	-	-	-	-	-	-
Total Other Income / (Expense), net	331	236	-59	569	-31	396	187	285	134	0.80
Interest Expense	97	-	98	-	-	22	-	52	50	40
Other Income / (Expense), net	428	236	40	569	-31	418	187	336	184	40
Income Tax Expense	215	312	396	350	231	442	1,473	759	742	924
Net Income / (Loss) Attributable to Noncontrolling Interest	143	143	41	263	-12	9.80	-22	53	31	69
Basic Earnings per Share	$0.85	$1.72	$2.53	$3.58	$1.59	$2.35	$1.39	$3.01	$2.94	$3.29
Weighted Average Basic Shares Outstanding	523.67M	494.58M	499.56M	501.80M	504.59M	498.07M	513.09M	553.91M	568.81M	601.49M
Diluted Earnings per Share	$0.85	$1.72	$2.53	$3.57	$1.59	$2.35	$1.39	$3.01	$2.94	$3.29
Weighted Average Diluted Shares Outstanding	523.67M	494.58M	499.56M	501.80M	504.59M	498.07M	513.09M	553.91M	568.81M	601.49M
Weighted Average Basic & Diluted Shares Outstanding	523.67M	494.58M	499.56M	501.80M	504.59M	498.07M	513.09M	553.91M	568.81M	601.49M
Cash Dividends to Common per Share	$1.24	$1.20	$1.16	$1.12	$1.08	$1.04	$3.92	$0.80	$0.72	$1.10

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

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	151	164	-85	174	124	251	296	228	194	166	233
Consolidated Net Income / (Loss)	12	232	-56	232	175	256	337	247	273	169	206
Net Income / (Loss) Continuing Operations	12	232	-140	232	175	256	337	247	273	169	206
Total Pre-Tax Income	43	313	-46	300	238	331	412	331	366	229	254
Total Operating Income	146	219	-151	223	129	207	338	315	255	194	349
Total Gross Profit	1,191	1,260	1,270	1,229	1,125	1,023	1,160	1,128	1,080	988	1,171
Total Revenue	2,111	2,252	2,211	2,123	2,153	1,991	1,986	1,969	1,927	1,967	1,939
Operating Revenue	2,111	2,252	2,211	2,123	2,153	1,991	1,986	1,969	1,927	1,967	1,939
Total Cost of Revenue	920	991	941	894	1,028	968	826	841	847	979	768
Operating Cost of Revenue	920	991	941	894	1,028	968	826	841	847	979	768
Total Operating Expenses	1,046	1,041	1,421	1,007	995	816	822	813	825	794	823
Selling, General & Admin Expense	342	341	374	337	350	263	266	264	273	268	272
Marketing Expense	498	512	497	481	484	401	411	407	407	389	413
Amortization Expense	113	113	84	84	85	86	87	85	86	83	82
Other Operating Expenses / (Income)	69	75	78	105	76	67	58	57	60	55	56
Impairment Charge	24	-	-	-	-	-	-	-	-	-	-
Total Other Income / (Expense), net	-103	94	20	78	109	125	74	16	111	35	-108
Other Income / (Expense), net	-103	94	117	78	109	125	74	16	111	35	-
Income Tax Expense	31	81	9.50	68	63	75	75	84	93	60	49
Net Income / (Loss) Attributable to Noncontrolling Interest	-140	69	29	58	51	5.00	40	19	79	4.70	-28
Basic Earnings per Share	$0.26	$0.29	($0.20)	$0.32	$0.23	$0.50	$0.58	$0.44	$0.38	$0.32	$0.46
Weighted Average Basic Shares Outstanding	525.52M	525.40M	523.67M	523.00M	526.09M	526.56M	494.58M	498.98M	500.86M	500.36M	499.56M
Diluted Earnings per Share	$0.26	$0.29	($0.20)	$0.32	$0.23	$0.50	$0.58	$0.44	$0.38	$0.32	$0.47
Weighted Average Diluted Shares Outstanding	525.52M	525.40M	523.67M	523.00M	526.09M	526.56M	494.58M	498.98M	500.86M	500.36M	499.56M
Weighted Average Basic & Diluted Shares Outstanding	525.52M	525.40M	523.67M	523.00M	526.09M	526.56M	494.58M	498.98M	500.86M	500.36M	499.56M
Cash Dividends to Common per Share	$0.32	$0.32	-	$0.31	$0.31	$0.31	-	$0.30	$0.30	$0.30	-

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

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	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-106	-764	673	-13	245	-523	15	109	-224	-280	304
Net Cash From Operating Activities	-50	-145	558	528	137	-252	765	654	-73	-256	866
Net Cash From Continuing Operating Activities	-50	-145	558	528	137	-252	765	654	-73	-256	866
Net Income / (Loss) Continuing Operations	12	232	-56	232	175	256	338	247	272	169	206
Consolidated Net Income / (Loss)	12	232	-56	232	175	256	338	247	272	169	206
Depreciation Expense	31	30	30	29	32	26	26	25	28	25	27
Amortization Expense	131	133	103	99	100	99	99	98	99	96	97
Non-Cash Adjustments To Reconcile Net Income	151	-1.60	367	-81	-69	-100	88	-121	-328	-178	169
Changes in Operating Assets and Liabilities, net	-375	-539	115	250	-101	-533	212	405	-144	-368	368
Net Cash From Investing Activities	-364	-657	-1,201	-812	-273	-138	-332	-1,057	-1,179	-1,043	-649
Net Cash From Continuing Investing Activities	-364	-657	-988	-812	-273	-138	-332	-1,057	-1,179	-1,043	-649
Purchase of Property, Plant & Equipment	-38	-72	-70	-46	-42	-20	-27	-79	-15	-27	-35
Purchase of Investments	203	-748	889	-1,516	-234	-267	-93	-160	-270	-234	-250
Sale and/or Maturity of Investments	312	168	257	606	226	318	84	139	168	218	154
Other Investing Activities, net	-841	-5.10	-2,065	147	-402	-168	-296	-957	-1,054	-505	-519
Net Cash From Financing Activities	292	88	909	274	391	-159	-386	506	1,028	959	96
Net Cash From Continuing Financing Activities	292	88	1,071	274	391	-159	-386	506	1,028	959	96
Repayment of Debt	-450	50	-1,213	-	-	-	-	-	-	-	-
Repurchase of Preferred Equity	2.30	39	5.30	-	-	0.00	-	-	-	175	-
Repurchase of Common Equity	-10	-5.80	-102	-102	-12	-59	-186	-52	-3.60	-14	-27
Payment of Dividends	-197	5.60	-130	-33	-136	-118	-58	-155	127	123	-141
Other Financing Activities, net	637	-0.70	2,497	-554	531	18	148	713	891	675	252
Cash Interest Paid	39	9.90	46	16	41	11	66	8.40	43	4.30	72
Cash Income Taxes Paid	189	28	78	40	292	27	7.80	21	191	13	11

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

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	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	31,990	32,390	32,465	33,255	32,908	29,866	30,121	30,235	29,086	29,335	28,061
Total Current Assets	19,247	19,470	19,479	8,627	19,286	17,324	17,777	17,736	16,450	14,530	15,731
Cash & Equivalents	3,539	3,645	4,409	4,112	4,124	3,880	4,402	4,388	4,279	4,502	4,783
Short-Term Investments	14,089	14,290	13,373	2,945	13,527	11,680	11,859	11,888	10,799	8,736	9,549
Accounts Receivable	1,619	1,535	1,697	1,571	1,635	1,764	1,515	1,460	1,372	1,292	1,399
Plant, Property, & Equipment, net	988	978	946	905	899	807	800	806	750	760	743
Plant, Property & Equipment, gross	988	978	946	-	899	807	800	806	750	760	743
Total Noncurrent Assets	11,921	12,084	12,257	12,812	12,908	12,029	11,711	11,811	11,957	14,046	11,721
Goodwill	6,198	6,194	6,211	6,199	6,199	6,013	6,004	6,012	6,007	5,943	5,779
Intangible Assets	4,544	4,677	4,802	5,268	5,331	4,823	4,902	4,995	5,070	5,155	5,082
Other Noncurrent Operating Assets	1,179	1,212	1,243	1,346	1,378	1,193	805	804	880	2,948	860
Total Liabilities & Shareholders' Equity	31,990	32,390	32,465	33,255	32,908	29,866	30,121	30,235	29,086	29,335	28,061
Total Liabilities	16,812	17,050	17,900	18,354	18,072	16,150	16,547	16,645	15,683	14,800	14,236
Total Current Liabilities	2,250	3,986	4,586	915	2,635	2,487	1,861	2,072	1,989	2,404	2,165
Accounts Payable	1,121	1,446	1,413	532	1,318	1,001	880	1,129	979	1,199	1,113
Current Deferred & Payable Income Tax Liabilities	140	461	406	383	333	620	514	449	487	666	523
Other Current Liabilities	989	946	965	-	983	865	468	495	523	539	528
Total Noncurrent Liabilities	24,105	22,131	13,354	7,084	24,618	13,688	14,711	14,600	13,721	12,397	12,246
Long-Term Debt	21,736	20,886	12,122	3,035	21,303	10,887	11,285	11,347	10,518	9,535	8,834
Noncurrent Deferred & Payable Income Tax Liabilities	211	280	285	421	438	393	450	451	340	258	348
Noncurrent Employee Benefit Liabilities	1,302	-	-	1,692	1,413	1,164	1,665	1,461	1,206	1,058	1,464
Other Noncurrent Operating Liabilities	857	965	947	1,937	1,464	1,244	1,311	1,340	1,657	1,546	1,600
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	2,017	2,106	1,322	1,266	1,254	1,079	1,026	1,050	961	1,979	1,526
Total Equity & Noncontrolling Interests	13,161	13,234	13,243	13,635	13,582	12,638	12,548	12,539	12,443	12,556	12,299
Total Preferred & Common Equity	12,346	12,462	12,508	12,870	12,861	12,002	11,917	11,948	11,832	11,666	11,475
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	12,346	12,462	12,508	12,870	12,861	12,002	11,917	11,948	11,832	11,666	11,475
Common Stock	1,115	1,067	1,000	1,037	1,075	50	50	50	50	50	50
Retained Earnings	11,730	11,919	11,928	12,321	12,265	12,402	12,377	12,361	12,260	12,113	12,046
Accumulated Other Comprehensive Income / (Loss)	-499	-524	-420	-488	-479	-450	-509	-463	-478	-496	-621
Noncontrolling Interest	815	772	735	765	721	636	631	591	611	889	824

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

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

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

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.92%	13.08%	11.33%	7.82%	11.71%	1.22%	2.43%	-3.07%	-7.39%	-11.55%	-11.10%
EBITDA Growth	-44.64%	4.41%	-81.62%	-5.64%	-24.98%	30.39%	13.83%	-13.94%	-12.62%	-56.00%	-42.62%
EBIT Growth	-82.07%	-5.43%	-108.18%	-9.25%	-34.95%	44.57%	18.28%	-18.29%	-21.49%	-67.08%	-52.78%
NOPAT Growth	-58.45%	1.56%	-138.12%	-26.75%	-49.99%	11.80%	-1.87%	-18.75%	-46.63%	-67.26%	-47.28%
Net Income Growth	-93.38%	-9.44%	-116.52%	-5.92%	-35.81%	51.84%	63.93%	10.29%	-23.95%	-69.02%	-72.31%
EPS Growth	13.04%	-42.00%	-134.48%	-27.27%	-39.47%	56.25%	23.40%	-12.00%	-44.12%	-63.64%	-63.85%
Operating Cash Flow Growth	-136.68%	42.36%	-26.99%	-19.24%	286.36%	1.72%	-11.76%	-20.19%	-170.41%	-254.03%	71.19%
Free Cash Flow Firm Growth	26.40%	-93.54%	-155.32%	-158.92%	-13.60%	532.21%	3.00%	552.52%	-123.69%	-2,558.13%	-108.05%
Invested Capital Growth	4.37%	0.58%	3.93%	17.94%	6.81%	-14.03%	5.46%	-19.63%	7.75%	5.16%	5.92%
Revenue Q/Q Growth	-6.23%	1.83%	4.16%	-1.39%	8.12%	0.25%	0.87%	2.17%	-2.03%	1.45%	-4.54%
EBITDA Q/Q Growth	-57.06%	381.98%	-76.92%	15.89%	-19.01%	-15.14%	18.47%	-7.86%	40.77%	-25.92%	-10.43%
EBIT Q/Q Growth	-86.37%	1,029.38%	-111.23%	26.04%	-28.11%	-19.65%	24.64%	-9.64%	59.76%	-34.26%	-13.89%
NOPAT Q/Q Growth	-75.63%	253.85%	-161.33%	80.69%	-40.43%	-42.26%	17.86%	23.36%	33.17%	-49.31%	-2.42%
Net Income Q/Q Growth	-95.00%	516.70%	-124.01%	32.34%	-31.60%	-23.99%	36.74%	-9.70%	61.79%	-17.94%	-8.01%
EPS Q/Q Growth	-10.34%	245.00%	-162.50%	39.13%	-54.00%	-13.79%	31.82%	15.79%	18.75%	-31.91%	-6.00%
Operating Cash Flow Q/Q Growth	65.50%	-126.01%	5.64%	286.82%	154.23%	-132.95%	16.84%	992.63%	71.40%	-129.58%	5.68%
Free Cash Flow Firm Q/Q Growth	-445.97%	124.16%	67.89%	-174.15%	-130.37%	1,055.00%	-107.41%	628.55%	-15.54%	-114.33%	65.43%
Invested Capital Q/Q Growth	5.78%	3.13%	-12.02%	8.74%	1.94%	6.57%	-0.16%	-1.52%	-17.95%	30.73%	-23.92%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	56.43%	55.97%	57.45%	57.90%	52.24%	51.37%	58.40%	57.28%	56.03%	50.22%	60.39%
EBITDA Margin	9.69%	21.15%	4.47%	20.17%	17.16%	22.91%	27.06%	23.04%	25.55%	17.78%	24.35%
Operating Margin	6.90%	9.73%	-6.82%	10.48%	6.01%	10.37%	17.03%	15.99%	13.24%	9.86%	17.97%
EBIT Margin	2.02%	13.91%	-1.52%	14.14%	11.06%	16.63%	20.75%	16.80%	18.99%	11.65%	17.97%
Profit (Net Income) Margin	0.55%	10.31%	-2.52%	10.93%	8.14%	12.87%	16.98%	12.52%	14.17%	8.58%	10.61%
Tax Burden Percent	27.17%	74.11%	120.56%	77.31%	73.62%	77.39%	81.80%	74.57%	74.62%	73.68%	80.92%
Interest Burden Percent	100.00%	100.00%	137.09%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	72.94%
Effective Tax Rate	72.83%	25.89%	0.00%	22.69%	26.38%	22.61%	18.20%	25.43%	25.38%	26.32%	19.08%
Return on Invested Capital (ROIC)	1.68%	6.74%	-4.54%	7.01%	3.90%	6.27%	12.85%	9.47%	9.07%	5.51%	14.94%
ROIC Less NNEP Spread (ROIC-NNEP)	2.21%	5.40%	-5.50%	5.74%	2.27%	3.89%	11.68%	9.17%	7.34%	4.73%	16.40%
Return on Net Nonoperating Assets (RNNOA)	-0.78%	-1.93%	2.02%	-1.90%	-0.79%	-1.12%	-4.42%	-2.59%	-2.64%	-1.12%	-6.46%
Return on Equity (ROE)	0.90%	4.82%	-2.52%	5.12%	3.10%	5.16%	8.43%	6.89%	6.43%	4.39%	8.49%
Cash Return on Invested Capital (CROIC)	-1.18%	2.68%	-0.48%	-9.00%	1.88%	23.64%	4.61%	30.35%	3.06%	5.09%	11.23%
Operating Return on Assets (OROA)	0.54%	3.91%	-0.41%	3.68%	2.89%	4.42%	5.60%	4.53%	5.44%	3.44%	5.70%
Return on Assets (ROA)	0.15%	2.89%	-0.68%	2.84%	2.13%	3.42%	4.58%	3.38%	4.06%	2.53%	3.36%
Return on Common Equity (ROCE)	0.76%	4.05%	-2.19%	4.46%	2.71%	4.32%	7.19%	5.91%	5.62%	3.68%	7.25%
Return on Equity Simple (ROE_SIMPLE)	3.40%	4.68%	0.00%	8.38%	8.50%	9.28%	0.00%	7.48%	7.36%	8.20%	0.00%
Net Operating Profit after Tax (NOPAT)	40	162	-105	172	95	160	277	235	190	143	282
NOPAT Margin	1.87%	7.21%	-4.77%	8.10%	4.42%	8.03%	13.93%	11.93%	9.88%	7.27%	14.54%
Net Nonoperating Expense Percent (NNEP)	-0.53%	1.35%	0.97%	1.27%	1.63%	2.38%	1.17%	0.31%	1.72%	0.79%	-1.46%
Return On Investment Capital (ROIC_SIMPLE)	0.11%	0.48%	-	-	-	0.68%	-	-	-	-	-
Cost of Revenue to Revenue	43.57%	44.03%	42.55%	42.10%	47.76%	48.63%	41.60%	42.72%	43.97%	49.78%	39.61%
SG&A Expenses to Revenue	16.17%	15.15%	16.89%	15.86%	16.27%	13.21%	13.40%	13.40%	14.14%	13.60%	14.05%
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	49.53%	46.24%	64.27%	47.42%	46.23%	41.00%	41.36%	41.28%	42.80%	40.36%	42.42%
Earnings before Interest and Taxes (EBIT)	43	313	-34	300	238	331	412	331	366	229	349
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	205	476	99	428	369	456	538	454	492	350	472
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.82	0.85	0.84	0.91	1.15	1.15	0.98	1.07	1.09	1.07	0.85
Price to Tangible Book Value (P/TBV)	6.31	6.68	7.05	8.38	11.12	11.83	11.53	13.55	17.07	21.88	15.85
Price to Revenue (P/Rev)	1.16	1.22	1.24	1.42	1.83	1.75	1.49	1.63	1.64	1.55	1.18
Price to Earnings (P/E)	25.02	28.18	22.67	13.92	16.47	14.23	13.20	15.55	15.17	12.39	7.53
Dividend Yield	6.55%	6.16%	6.15%	5.50%	4.34%	4.31%	5.14%	4.68%	4.59%	4.70%	5.94%
Earnings Yield	4.00%	3.55%	4.41%	7.19%	6.07%	7.03%	7.57%	6.43%	6.59%	8.07%	13.28%
Enterprise Value to Invested Capital (EV/IC)	1.72	1.76	1.79	0.95	2.15	1.16	0.95	1.08	1.11	1.07	0.79
Enterprise Value to Revenue (EV/Rev)	1.96	1.88	1.92	1.18	2.52	1.38	1.06	1.21	1.26	1.45	0.80
Enterprise Value to EBITDA (EV/EBITDA)	14.12	11.99	12.04	5.23	10.78	5.58	4.55	5.89	5.68	6.41	2.92
Enterprise Value to EBIT (EV/EBIT)	27.40	20.12	19.48	7.19	14.70	7.52	6.23	8.50	7.93	8.62	3.63
Enterprise Value to NOPAT (EV/NOPAT)	56.74	54.03	54.07	13.73	26.26	12.56	9.87	11.22	10.97	10.86	4.81
Enterprise Value to Operating Cash Flow (EV/OCF)	19.13	15.26	16.76	7.96	15.10	9.90	7.65	7.94	7.29	7.57	3.36
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	65.62	0.00	0.00	118.35	4.55	21.24	3.17	37.77	21.60	7.28
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.43	1.36	1.47	0.20	1.44	0.79	0.83	0.84	0.78	0.66	0.64
Long-Term Debt to Equity	1.43	1.36	1.47	0.20	1.44	0.79	0.83	0.84	0.78	0.66	0.64
Financial Leverage	-0.35	-0.36	-0.37	-0.33	-0.35	-0.29	-0.38	-0.28	-0.36	-0.24	-0.39
Leverage Ratio	2.16	2.14	2.22	2.23	2.20	2.10	2.12	2.11	2.05	1.96	1.97
Compound Leverage Factor	2.16	2.14	3.05	2.23	2.20	2.10	2.12	2.11	2.05	1.96	1.43
Debt to Total Capital	58.88%	57.66%	59.57%	16.92%	58.95%	44.25%	45.40%	45.50%	43.97%	39.61%	38.99%
Short-Term Debt 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%
Long-Term Debt to Total Capital	58.88%	57.66%	59.57%	16.92%	58.95%	44.25%	45.40%	45.50%	43.97%	39.61%	38.99%
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	7.67%	7.94%	5.71%	11.32%	5.46%	6.97%	6.67%	6.58%	6.57%	11.92%	10.37%
Common Equity to Total Capital	33.45%	34.40%	34.72%	71.75%	35.59%	48.78%	47.94%	47.91%	49.46%	48.47%	50.64%
Debt to EBITDA	18.00	15.22	15.87	1.62	11.25	5.61	6.16	7.06	6.05	5.27	3.92
Net Debt to EBITDA	3.40	2.15	2.72	-2.15	1.93	-2.41	-2.71	-3.07	-2.62	-2.04	-2.44
Long-Term Debt to EBITDA	18.00	15.22	15.87	1.62	11.25	5.61	6.16	7.06	6.05	5.27	3.92
Debt to NOPAT	72.32	68.58	71.31	4.27	27.39	12.63	13.35	13.46	11.67	8.92	6.46
Net Debt to NOPAT	13.67	9.69	12.23	-5.65	4.70	-5.42	-5.89	-5.85	-5.06	-3.46	-4.02
Long-Term Debt to NOPAT	72.32	68.58	71.31	4.27	27.39	12.63	13.35	13.46	11.67	8.92	6.46
Altman Z-Score	1.79	1.76	1.68	1.46	1.89	1.99	1.94	1.95	1.99	1.88	1.93
Noncontrolling Interest Sharing Ratio	16.01%	15.80%	13.20%	12.89%	12.56%	16.22%	14.63%	14.16%	12.56%	16.22%	14.57%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	8.55	4.89	4.25	9.43	7.32	6.97	9.55	8.56	8.27	6.04	7.27
Quick Ratio	8.55	4.89	4.25	9.43	7.32	6.97	9.55	8.56	8.27	6.04	7.27
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-375	108	-449	-1,398	-510	1,679	-176	2,373	-449	-389	-181
Operating Cash Flow to CapEx	-133.60%	-202.23%	799.71%	1,146.20%	327.58%	-1,291.79%	2,800.37%	831.39%	-475.97%	-935.40%	2,496.83%
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	0.27	0.28	0.27	0.26	0.26	0.27	0.27	0.27	0.29	0.30	0.32
Accounts Receivable Turnover	5.35	5.30	5.28	5.45	5.39	5.15	5.39	5.43	5.73	5.49	5.85
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	9.22	9.79	9.71	9.65	9.82	10.05	10.17	9.97	10.53	10.58	10.94
Accounts Payable Turnover	3.07	3.15	3.34	4.47	3.19	3.17	3.51	3.24	3.14	2.78	2.87
Days Sales Outstanding (DSO)	68.28	68.90	69.14	67.02	67.77	70.82	67.75	67.25	63.65	66.54	62.35
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)	118.81	115.88	109.21	81.57	114.43	115.29	104.09	112.72	116.10	131.33	127.01
Cash Conversion Cycle (CCC)	-50.53	-46.99	-40.07	-14.55	-46.66	-44.46	-36.34	-45.47	-52.45	-64.79	-64.67
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	9,908	9,366	9,082	10,323	9,493	9,312	8,739	8,753	8,888	10,832	8,286
Invested Capital Turnover	0.90	0.94	0.95	0.87	0.88	0.78	0.92	0.79	0.92	0.76	1.03
Increase / (Decrease) in Invested Capital	415	54	344	1,570	605	-1,520	453	-2,138	639	532	463
Enterprise Value (EV)	17,054	16,454	16,276	9,768	20,428	10,827	8,337	9,460	9,888	11,612	6,580
Market Capitalization	10,114	10,625	10,538	11,758	14,802	13,786	11,657	12,747	12,877	12,447	9,728
Book Value per Share	$23.50	$23.80	$23.92	$24.46	$24.42	$24.27	$23.88	$23.86	$23.65	$23.35	$23.02
Tangible Book Value per Share	$3.05	$3.04	$2.86	$2.67	$2.53	$2.36	$2.03	$1.88	$1.51	$1.14	$1.23
Total Capital	36,914	36,226	36,028	17,936	36,139	24,603	24,859	24,937	23,921	24,070	22,659
Total Debt	21,736	20,886	21,463	3,035	21,303	10,887	11,285	11,347	10,518	9,535	8,834
Total Long-Term Debt	21,736	20,886	21,463	3,035	21,303	10,887	11,285	11,347	10,518	9,535	8,834
Net Debt	4,108	2,951	3,681	-4,022	3,652	-4,674	-4,977	-4,928	-4,560	-3,703	-5,498
Capital Expenditures (CapEx)	38	72	70	46	42	20	27	79	15	27	35
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-631	-2,450	-2,889	656	-999	-723	-346	-612	-617	-1,112	-766
Debt-free Net Working Capital (DFNWC)	16,997	15,485	14,893	7,712	16,652	14,837	15,916	15,664	14,461	12,126	13,566
Net Working Capital (NWC)	16,997	15,485	14,893	7,712	16,652	14,837	15,916	15,664	14,461	12,126	13,566
Net Nonoperating Expense (NNE)	28	-70	-50	-60	-80	-96	-60	-12	-83	-26	76
Net Nonoperating Obligations (NNO)	-5,270	-5,974	-5,483	-4,579	-5,343	-4,404	-4,835	-4,837	-4,515	-3,703	-5,539
Total Depreciation and Amortization (D&A)	162	163	133	128	131	125	125	123	126	121	124
Debt-free, Cash-free Net Working Capital to Revenue	-7.26%	-28.04%	-34.08%	7.95%	-12.34%	-9.18%	-4.41%	-7.85%	-7.84%	-13.87%	-9.25%
Debt-free Net Working Capital to Revenue	195.43%	177.20%	175.67%	93.45%	205.60%	188.45%	202.76%	200.76%	183.88%	151.22%	163.93%
Net Working Capital to Revenue	195.43%	177.20%	175.67%	93.45%	205.60%	188.45%	202.76%	200.76%	183.88%	151.22%	163.93%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.26	$0.29	($0.20)	$0.32	$0.23	$0.50	$0.58	$0.44	$0.38	$0.32	$0.46
Adjusted Weighted Average Basic Shares Outstanding	525.52M	525.40M	523.67M	523.00M	526.09M	526.56M	494.58M	498.98M	500.86M	500.36M	499.56M
Adjusted Diluted Earnings per Share	$0.26	$0.29	($0.20)	$0.32	$0.23	$0.50	$0.58	$0.44	$0.38	$0.32	$0.47
Adjusted Weighted Average Diluted Shares Outstanding	525.52M	525.40M	523.67M	523.00M	526.09M	526.56M	494.58M	498.98M	500.86M	500.36M	499.56M
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	525.52M	525.40M	523.67M	523.00M	526.09M	526.56M	494.58M	498.98M	500.86M	500.36M	499.56M
Normalized Net Operating Profit after Tax (NOPAT)	119	162	-105	172	95	160	277	235	190	143	282
Normalized NOPAT Margin	5.64%	7.21%	-4.77%	8.10%	4.42%	8.03%	13.93%	11.93%	9.88%	7.27%	14.54%
Pre Tax Income Margin	2.02%	13.91%	-2.09%	14.14%	11.06%	16.63%	20.75%	16.80%	18.99%	11.65%	13.11%
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	84.31%	50.09%	68.43%	39.11%	49.77%	18.26%	-3.67%	5.10%	11.09%	26.50%	28.74%
Augmented Payout Ratio	136.62%	88.02%	113.57%	72.33%	78.03%	45.29%	21.32%	15.92%	21.91%	44.61%	42.30%

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 5/29/2025 by MarketBeat.com Staff

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Franklin Resources (BEN) Financials

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Franklin Resources (BEN) Financials

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