NASDAQ : POWI
Power Integrations, Inc. — Financial statements
Technology · Semiconductors · United States
Last price 49.03 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 2.74B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Power Integrations, Inc. (POWI) reported revenue of 449.37M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 449.37M | 443.50M | 418.97M | 444.54M | 651.14M | 703.28M |
| Cost of Revenue | 207.97M | 201.85M | 194.22M | 215.58M | 284.23M | 342.64M |
| Gross Profit | 241.40M | 241.65M | 224.75M | 228.96M | 366.91M | 360.64M |
| Selling, General & Admin | 105.57M | 110.65M | 106.03M | 97.83M | 91.47M | 100.65M |
| Research & Development | 104.45M | 101.12M | 100.79M | 96.07M | 93.89M | 84.93M |
| Other Operating Expenses | -9.20M | -48.00K | 1.13M | |||
| Operating Expenses | 208.36M | 220.16M | 206.82M | 193.90M | 186.50M | 185.58M |
| Operating Income | 33.04M | 21.49M | 17.93M | 35.06M | 180.41M | 175.06M |
| Interest & Investment Income | 11.09M | 11.09M | 13.12M | 11.25M | 3.01M | 1.68M |
| Currency Exchange Gain (Loss) | -300.00K | -300.00K | -300.00K | -400.00K | -600.00K | |
| Other Non Operating Income (Expenses) | -1.06M | |||||
| EBT Excluding Unusual Items | 42.77M | 32.28M | 30.75M | 45.91M | 183.43M | 176.13M |
| Legal Settlements | -11.30M | -11.30M | ||||
| Pretax Income | 24.90M | 20.98M | 30.75M | 45.91M | 183.43M | 176.13M |
| Income Tax Expense | -165.00K | -1.11M | -1.48M | -9.83M | 12.57M | 11.72M |
| Net Income | 25.07M | 22.09M | 32.23M | 55.73M | 170.85M | 164.41M |
| Net Income to Common | 25.07M | 22.09M | 32.23M | 55.73M | 170.85M | 164.41M |
| Shares Outstanding (Basic) | 55.59M | 56.06M | 56.82M | 57.20M | 57.80M | 60.33M |
| Shares Outstanding (Diluted) | 56.10M | 56.32M | 57.13M | 57.62M | 58.37M | 61.47M |
| EPS (Basic) | 0.45 | 0.39 | 0.57 | 0.97 | 2.96 | 2.73 |
| EPS (Diluted) | 0.44 | 0.39 | 0.56 | 0.97 | 2.93 | 2.67 |
| Free Cash Flow | 79.04M | 87.12M | 63.90M | 44.88M | 176.13M | 183.60M |
| Free Cash Flow Per Share | 1.41 | 1.55 | 1.12 | 0.78 | 3.02 | 2.99 |
| Dividend Per Share | 0.85 | 0.84 | 0.81 | 0.77 | 0.72 | 0.54 |
| Gross Margin | 53.72% | 54.49% | 53.64% | 51.50% | 56.35% | 51.28% |
| Operating Margin | 7.35% | 4.85% | 4.28% | 7.89% | 27.71% | 24.89% |
| Profit Margin | 5.58% | 4.98% | 7.69% | 12.54% | 26.24% | 23.38% |
| Free Cash Flow Margin | 17.59% | 19.64% | 15.25% | 10.10% | 27.05% | 26.11% |
| EBITDA | 59.38M | 49.52M | 52.51M | 72.44M | 217.76M | 210.01M |
| EBITDA Margin | 13.21% | 11.17% | 12.53% | 16.29% | 33.44% | 29.86% |
| D&A For EBITDA | 26.34M | 28.03M | 34.58M | 37.38M | 37.34M | 34.95M |
| EBIT | 33.04M | 21.49M | 17.93M | 35.06M | 180.41M | 175.06M |
| EBIT Margin | 7.35% | 4.85% | 4.28% | 7.89% | 27.71% | 24.89% |
| Effective Tax Rate | 6.86% | 6.65% | ||||
| Advertising Expenses | 1.10M | 1.50M | 1.30M | 1.40M | 1.30M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 70.61M | 58.76M | 50.97M | 63.93M | 105.37M | 158.12M |
| Short-Term Investments | 192.00M | 190.75M | 249.02M | 247.64M | 248.44M | 372.24M |
| Cash & Short-Term Investments | 262.61M | 249.51M | 300.00M | 311.57M | 353.81M | 530.35M |
| Accounts Receivable | 26.78M | 18.25M | 27.17M | 14.67M | 20.84M | 41.39M |
| Other Receivables | 2.30M | 2.30M | 2.80M | 2.30M | 1.20M | 1.50M |
| Receivables | 29.08M | 20.55M | 29.97M | 16.97M | 22.04M | 42.89M |
| Inventory | 157.79M | 166.89M | 165.61M | 163.16M | 135.42M | 99.27M |
| Prepaid Expenses | 21.68M | 21.38M | 18.46M | 19.89M | 13.80M | 14.30M |
| Total Current Assets | 471.16M | 458.33M | 514.04M | 511.60M | 525.07M | 686.82M |
| Property, Plant & Equipment | 164.06M | 165.96M | 165.64M | 174.61M | 185.83M | 191.71M |
| Goodwill | 95.27M | 95.27M | 95.27M | 91.85M | 91.85M | 91.85M |
| Other Intangible Assets | 6.89M | 7.24M | 8.07M | 4.42M | 6.60M | 9.01M |
| Long-Term Deferred Tax Assets | 34.09M | 35.59M | 36.48M | 28.32M | 19.03M | 16.43M |
| Other Long-Term Assets | 7.54M | 9.81M | 9.32M | 9.06M | 11.71M | 18.67M |
| Total Assets | 779.01M | 772.21M | 828.83M | 819.87M | 840.10M | 1.01B |
| Accounts Payable | 28.64M | 33.96M | 29.79M | 26.39M | 30.09M | 43.72M |
| Accrued Expenses | 37.80M | 32.45M | 21.64M | 18.84M | 24.45M | 24.34M |
| Current Portion of Leases | 2.98M | 2.93M | 2.63M | 2.90M | 3.05M | |
| Current Income Taxes Payable | 962.00K | 961.00K | 1.02M | 938.00K | 1.21M | |
| Total Current Liabilities | 66.65M | 70.36M | 55.32M | 48.87M | 58.38M | 72.32M |
| Long-Term Leases | 15.90M | 12.63M | 7.35M | 5.83M | 8.37M | |
| Pension & Post-Retirement Benefits | 9.00M | 6.90M | 3.50M | 3.90M | 6.00M | |
| Other Long-Term Liabilities | 31.83M | 4.10M | 4.21M | 7.91M | 16.77M | 15.76M |
| Total Liabilities | 98.48M | 99.36M | 79.05M | 67.63M | 84.88M | 102.45M |
| Common Stock | 20.00K | 20.00K | 22.00K | 23.00K | 24.00K | 28.00K |
| Additional Paid-In Capital | 20.23M | 18.73M | 162.30M | |||
| Retained Earnings | 663.23M | 673.93M | 734.04M | 753.68M | 762.54M | 753.44M |
| Comprehensive Income & Other | -2.95M | -1.10M | -3.02M | -1.46M | -7.34M | -3.74M |
| Shareholders' Equity | 680.53M | 672.85M | 749.77M | 752.24M | 755.22M | 912.03M |
| Total Liabilities & Equity | 779.01M | 772.21M | 828.83M | 819.87M | 840.10M | 1.01B |
| Total Debt | 18.88M | 15.56M | 9.98M | 8.73M | 11.42M | |
| Net Cash (Debt) | 262.61M | 230.63M | 284.44M | 301.59M | 345.09M | 518.93M |
| Net Cash Per Share | 4.68 | 4.09 | 4.98 | 5.23 | 5.91 | 8.44 |
| Filing Date Shares Outstanding | 55.87M | 55.50M | 56.93M | 56.89M | 56.99M | 59.16M |
| Total Common Shares Outstanding | 55.78M | 55.34M | 56.84M | 56.74M | 56.96M | 59.91M |
| Working Capital | 404.52M | 387.97M | 458.72M | 462.73M | 466.70M | 614.49M |
| Book Value Per Share | 12.20 | 12.16 | 13.19 | 13.26 | 13.26 | 15.22 |
| Tangible Book Value | 578.36M | 570.33M | 646.43M | 655.97M | 656.77M | 811.17M |
| Tangible Book Value Per Share | 10.37 | 10.31 | 11.37 | 11.56 | 11.53 | 13.54 |
| Land | 22.20M | 22.16M | 22.18M | 22.17M | 22.19M | |
| Buildings | 100.94M | 93.25M | 92.05M | 89.70M | 81.03M | |
| Machinery | 289.19M | 280.35M | 267.94M | 253.31M | 235.07M | |
| Construction In Progress | 8.61M | 12.17M | 17.02M | 19.20M | 22.66M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 25.07M | 22.09M | 32.23M | 55.73M | 170.85M | 164.41M |
| Depreciation & Amortization | 26.34M | 28.03M | 34.58M | 37.38M | 37.34M | 34.95M |
| Loss (Gain) From Sale of Assets | 387.00K | -108.00K | 240.00K | 100.00K | 1.37M | 3.10M |
| Loss (Gain) From Sale of Investments | -714.00K | -1.14M | -1.64M | -351.00K | 3.29M | 1.59M |
| Stock-Based Compensation | 38.49M | 39.69M | 35.08M | 28.53M | 22.36M | 37.61M |
| Provision & Write-off of Bad Debts | 39.00K | -342.00K | -245.00K | -454.00K | 690.00K | 18.00K |
| Other Operating Activities | 3.51M | 898.00K | -8.35M | -9.25M | -2.57M | -13.24M |
| Change in Accounts Receivable | 766.00K | 9.26M | -12.25M | 6.62M | 19.87M | -5.50M |
| Change in Inventory | 10.61M | -1.27M | -2.45M | -27.74M | -36.15M | 3.61M |
| Change in Accounts Payable | -4.21M | 3.25M | 3.45M | -5.43M | -3.84M | 4.07M |
| Change in Income Taxes | 10.52M | 10.52M | -3.47M | -18.18M | -5.22M | -4.08M |
| Change in Other Net Operating Assets | -12.72M | 635.00K | 4.00M | -1.18M | 7.34M | 4.33M |
| Operating Cash Flow | 98.08M | 111.52M | 81.18M | 65.76M | 215.34M | 230.87M |
| Capital Expenditures | -19.04M | -24.40M | -17.29M | -20.88M | -39.21M | -47.27M |
| Sale of Property, Plant & Equipment | 150.00K | 150.00K | 1.20M | 35.00K | ||
| Cash Acquisitions | -9.52M | |||||
| Investment in Securities | 8.94M | 60.45M | 886.00K | 6.73M | 116.34M | -185.56M |
| Investing Cash Flow | -9.96M | 36.21M | -25.92M | -14.15M | 78.34M | -232.80M |
| Short-Term Debt Issued | 13.00M | |||||
| Total Debt Issued | 13.00M | |||||
| Short-Term Debt Repaid | -13.00M | |||||
| Total Debt Repaid | -13.00M | |||||
| Issuance of Common Stock | 5.23M | 5.33M | 5.70M | 6.24M | 6.16M | 7.71M |
| Repurchase of Common Stock | -42.44M | -98.10M | -27.88M | -55.28M | -311.09M | -73.94M |
| Common Dividends Paid | -47.24M | -47.17M | -46.04M | -44.01M | -41.49M | -32.60M |
| Financing Cash Flow | -84.45M | -139.94M | -68.22M | -93.05M | -346.42M | -98.83M |
| Net Cash Flow | 3.68M | 7.78M | -12.96M | -41.44M | -52.74M | -100.76M |
| Free Cash Flow | 79.04M | 87.12M | 63.90M | 44.88M | 176.13M | 183.60M |
| Free Cash Flow Margin | 17.59% | 19.64% | 15.25% | 10.10% | 27.05% | 26.11% |
| Free Cash Flow Per Share | 1.41 | 1.55 | 1.12 | 0.78 | 3.02 | 2.99 |
| Levered Free Cash Flow | 73.70M | 76.97M | 55.71M | 28.92M | 104.67M | 139.70M |
| Unlevered Free Cash Flow | 73.70M | 76.97M | 55.71M | 28.92M | 104.67M | 139.70M |
| Cash Income Tax Paid | 3.03M | 3.03M | 4.78M | 13.77M | 17.88M | 25.64M |
| Change in Working Capital | 4.97M | 22.40M | -10.72M | -45.93M | -18.00M | 2.42M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.45B | 1.97B | 3.51B | 4.71B | 4.10B | 5.60B |
| Enterprise Value | 2.19B | 1.72B | 3.20B | 4.36B | 3.74B | 5.06B |
| Last Close Price | 43.86 | 35.15 | 59.91 | 78.79 | 68.18 | 87.51 |
| PE Ratio | 99.61 | 89.02 | 108.85 | 84.54 | 24.01 | 34.09 |
| Forward PE | 26.19 | 31.24 | 46.16 | 85.56 | 32.23 | 29.71 |
| PS Ratio | 5.45 | 4.43 | 8.37 | 10.60 | 6.30 | 7.97 |
| PB Ratio | 3.60 | 2.92 | 4.68 | 6.26 | 5.43 | 6.14 |
| P/TBV Ratio | 4.24 | 3.45 | 5.43 | 7.18 | 6.25 | 6.91 |
| P/FCF Ratio | 31.00 | 22.57 | 54.91 | 105.00 | 23.29 | 30.52 |
| P/OCF Ratio | 24.98 | 17.64 | 43.22 | 71.66 | 19.05 | 24.27 |
| PEG Ratio | 1.02 | 2.30 | 2.70 | 7.07 | 7.07 | 1.18 |
| EV/Sales Ratio | 4.87 | 3.89 | 7.65 | 9.80 | 5.74 | 7.19 |
| EV/EBITDA Ratio | 36.85 | 34.83 | 61.03 | 60.13 | 17.17 | 24.07 |
| EV/EBIT Ratio | 66.21 | 80.25 | 178.75 | 124.23 | 20.73 | 28.88 |
| EV/FCF Ratio | 27.68 | 19.80 | 50.16 | 97.06 | 21.23 | 27.54 |
| Debt / Equity Ratio | 0.03 | 0.02 | 0.01 | 0.01 | 0.01 | |
| Debt / EBITDA Ratio | 0.35 | 0.28 | 0.13 | 0.04 | 0.05 | |
| Debt / FCF Ratio | 0.22 | 0.24 | 0.22 | 0.05 | 0.06 | |
| Net Debt / Equity Ratio | -0.39 | -0.34 | -0.38 | -0.40 | -0.46 | -0.57 |
| Net Debt / EBITDA Ratio | -4.42 | -4.66 | -5.42 | -4.16 | -1.58 | -2.47 |
| Net Debt / FCF Ratio | -3.32 | -2.65 | -4.45 | -6.72 | -1.96 | -2.83 |
| Asset Turnover | 0.57 | 0.55 | 0.51 | 0.54 | 0.70 | 0.73 |
| Inventory Turnover | 1.27 | 1.21 | 1.18 | 1.44 | 2.42 | 3.39 |
| Quick Ratio | 4.38 | 3.84 | 5.96 | 6.72 | 6.44 | 7.93 |
| Current Ratio | 7.07 | 6.51 | 9.29 | 10.47 | 8.99 | 9.50 |
| Return on Equity (ROE) | 3.62% | 3.11% | 4.29% | 7.40% | 20.50% | 19.09% |
| Return on Assets (ROA) | 2.62% | 1.68% | 1.36% | 2.64% | 12.16% | 11.41% |
| Return on Invested Capital (ROIC) | 7.94% | 4.74% | 3.91% | 8.15% | 41.84% | 42.76% |
| Return on Capital Employed (ROCE) | 4.60% | 3.10% | 2.30% | 4.50% | 23.10% | 18.60% |
| Earnings Yield | 1.00% | 1.12% | 0.92% | 1.18% | 4.17% | 2.93% |
| FCF Yield | 3.23% | 4.43% | 1.82% | 0.95% | 4.29% | 3.28% |
| Dividend Yield | 1.96% | 2.36% | 1.31% | 0.93% | 1.00% | 0.58% |
| Payout Ratio | 195.31% | 213.51% | 142.82% | 78.96% | 24.29% | 19.83% |
| Buyback Yield / Dilution | 1.53% | 1.41% | 0.85% | 1.28% | 5.04% | -1.02% |
| Total Shareholder Return | 3.49% | 3.77% | 2.17% | 2.21% | 6.04% | -0.45% |