NASDAQ : POWL
Powell Industries, Inc. — Financial statements
Industrials · Electrical Equipment & Parts · United States
Last price 156.04 USD (Oct 30, 2026, 3:55 PM EDT) · Market cap 5.68B
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Financial statements
Powell Industries, Inc. (POWL) reported revenue of 1.16B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.16B | 1.10B | 1.01B | 699.31M | 532.58M | 470.56M |
| Cost of Revenue | 809.34M | 779.94M | 739.27M | 551.75M | 447.56M | 395.50M |
| Gross Profit | 348.18M | 324.38M | 273.09M | 147.55M | 85.02M | 75.06M |
| Selling, General & Admin | 104.75M | 95.40M | 84.89M | 78.81M | 70.83M | 67.22M |
| Research & Development | 14.98M | 11.01M | 9.43M | 6.22M | 6.96M | 6.67M |
| Amortization of Goodwill & Intangibles | 778.00K | 112.00K | 157.00K | |||
| Operating Expenses | 120.51M | 106.52M | 94.31M | 85.03M | 77.79M | 74.04M |
| Operating Income | 227.67M | 217.86M | 178.77M | 62.52M | 7.22M | 1.02M |
| Interest & Investment Income | 17.81M | 15.69M | 17.32M | 6.43M | 334.00K | 73.00K |
| Other Non Operating Income (Expenses) | 279.00K | |||||
| EBT Excluding Unusual Items | 245.48M | 233.55M | 196.09M | 68.95M | 7.84M | 1.09M |
| Gain (Loss) on Sale of Assets | 2.01M | |||||
| Pretax Income | 245.48M | 233.55M | 196.09M | 68.95M | 9.84M | 1.09M |
| Income Tax Expense | 54.62M | 52.80M | 46.24M | 14.43M | -3.89M | 461.00K |
| Net Income | 190.86M | 180.75M | 149.85M | 54.52M | 13.74M | 631.00K |
| Net Income to Common | 190.86M | 180.75M | 149.85M | 54.52M | 13.74M | 631.00K |
| Shares Outstanding (Basic) | 36.35M | 36.19M | 35.95M | 35.64M | 35.39M | 35.12M |
| Shares Outstanding (Diluted) | 36.55M | 36.50M | 36.56M | 36.36M | 35.83M | 35.37M |
| EPS (Basic) | 5.25 | 4.99 | 4.17 | 1.53 | 0.39 | 0.02 |
| EPS (Diluted) | 5.22 | 4.95 | 4.10 | 1.50 | 0.38 | 0.02 |
| Free Cash Flow | 243.96M | 154.79M | 96.68M | 174.73M | -6.03M | -33.39M |
| Free Cash Flow Per Share | 6.67 | 4.24 | 2.64 | 4.81 | -0.17 | -0.94 |
| Dividend Per Share | 0.36 | 0.36 | 0.35 | 0.35 | 0.35 | 0.35 |
| Gross Margin | 30.08% | 29.37% | 26.97% | 21.10% | 15.96% | 15.95% |
| Operating Margin | 19.67% | 19.73% | 17.66% | 8.94% | 1.36% | 0.22% |
| Profit Margin | 16.49% | 16.37% | 14.80% | 7.80% | 2.58% | 0.13% |
| Free Cash Flow Margin | 21.08% | 14.02% | 9.55% | 24.99% | -1.13% | -7.10% |
| EBITDA | 236.22M | 225.12M | 185.64M | 71.13M | 16.58M | 11.35M |
| EBITDA Margin | 20.41% | 20.39% | 18.34% | 10.17% | 3.11% | 2.41% |
| D&A For EBITDA | 8.55M | 7.26M | 6.87M | 8.61M | 9.36M | 10.34M |
| EBIT | 227.67M | 217.86M | 178.77M | 62.52M | 7.22M | 1.02M |
| EBIT Margin | 19.67% | 19.73% | 17.66% | 8.94% | 1.36% | 0.22% |
| Effective Tax Rate | 22.25% | 22.61% | 23.58% | 20.92% | 42.22% |
Balance sheet
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 633.56M | 450.74M | 315.33M | 245.88M | 101.95M | 114.31M |
| Short-Term Investments | 24.79M | 43.06M | 33.13M | 14.55M | 19.67M | |
| Cash & Short-Term Investments | 633.56M | 475.53M | 358.39M | 279.01M | 116.51M | 133.98M |
| Accounts Receivable | 478.41M | 353.74M | 317.23M | 267.21M | 194.46M | 132.50M |
| Other Receivables | 100.00K | 105.00K | 161.00K | |||
| Receivables | 478.41M | 353.74M | 317.23M | 267.31M | 194.57M | 132.66M |
| Inventory | 95.37M | 84.72M | 85.87M | 63.87M | 50.41M | 29.84M |
| Prepaid Expenses | 13.21M | 10.59M | 7.49M | 5.42M | 4.68M | 4.38M |
| Other Current Assets | 10.62M | 7.13M | 7.50M | 6.38M | 3.81M | 1.60M |
| Total Current Assets | 1.23B | 931.72M | 776.48M | 621.99M | 369.98M | 302.46M |
| Property, Plant & Equipment | 121.16M | 112.71M | 104.64M | 99.06M | 100.81M | 112.91M |
| Goodwill | 6.05M | 6.12M | 1.00M | 1.00M | 1.00M | 1.00M |
| Other Intangible Assets | 5.40M | 6.14M | 500.00K | |||
| Long-Term Accounts Receivable | 200.00K | 100.00K | ||||
| Long-Term Deferred Tax Assets | 21.80M | 33.44M | 27.25M | 17.06M | 9.16M | 4.64M |
| Other Long-Term Assets | 20.92M | 18.75M | 18.31M | 13.13M | 12.43M | 15.18M |
| Total Assets | 1.41B | 1.11B | 928.18M | 752.24M | 493.38M | 436.19M |
| Accounts Payable | 86.57M | 67.08M | 73.63M | 56.67M | 63.42M | 45.25M |
| Accrued Expenses | 32.32M | 39.18M | 33.78M | 29.95M | 24.79M | 20.39M |
| Current Portion of Long-Term Debt | 400.00K | |||||
| Current Portion of Leases | 947.00K | 882.00K | 595.00K | 773.00K | 1.78M | 1.42M |
| Current Income Taxes Payable | 2.42M | 11.03M | 8.98M | 6.52M | 1.72M | 1.08M |
| Current Unearned Revenue | 466.36M | 297.95M | 287.76M | 279.80M | 79.86M | 42.43M |
| Other Current Liabilities | 36.03M | 30.26M | 23.26M | 21.99M | 14.81M | 10.19M |
| Total Current Liabilities | 624.65M | 446.39M | 428.01M | 395.69M | 186.37M | 121.16M |
| Long-Term Leases | 1.58M | 782.00K | 621.00K | 663.00K | 545.00K | 2.41M |
| Pension & Post-Retirement Benefits | 200.00K | 300.00K | 500.00K | 400.00K | 900.00K | |
| Long-Term Deferred Tax Liabilities | 5.20M | 5.30M | 2.71M | |||
| Other Long-Term Liabilities | 19.09M | 15.55M | 13.46M | 10.37M | 8.86M | 10.50M |
| Total Liabilities | 650.51M | 468.21M | 445.11M | 407.22M | 196.17M | 134.97M |
| Common Stock | 388.00K | 129.00K | 128.00K | 127.00K | 126.00K | 125.00K |
| Additional Paid-In Capital | 52.51M | 62.83M | 70.11M | 71.53M | 67.44M | 63.95M |
| Retained Earnings | 759.40M | 629.85M | 462.19M | 325.28M | 283.64M | 282.50M |
| Treasury Stock | -25.00M | -25.00M | -25.00M | -25.00M | -25.00M | -25.00M |
| Comprehensive Income & Other | -31.11M | -27.04M | -24.36M | -26.91M | -29.00M | -20.36M |
| Shareholders' Equity | 756.18M | 640.77M | 483.07M | 345.03M | 297.21M | 301.22M |
| Total Liabilities & Equity | 1.41B | 1.11B | 928.18M | 752.24M | 493.38M | 436.19M |
| Total Debt | 2.52M | 1.66M | 1.22M | 1.44M | 2.32M | 4.23M |
| Net Cash (Debt) | 631.04M | 473.86M | 357.18M | 277.57M | 114.19M | 129.75M |
| Net Cash Per Share | 17.26 | 12.98 | 9.77 | 7.63 | 3.19 | 3.67 |
| Filing Date Shares Outstanding | 36.43M | 36.28M | 36.06M | 35.88M | 35.46M | 35.17M |
| Total Common Shares Outstanding | 36.43M | 36.21M | 35.97M | 35.59M | 35.35M | 35.08M |
| Working Capital | 606.52M | 485.33M | 348.47M | 226.30M | 183.61M | 181.31M |
| Book Value Per Share | 20.76 | 17.70 | 13.43 | 9.70 | 8.41 | 8.59 |
| Tangible Book Value | 744.74M | 628.51M | 481.57M | 344.02M | 296.20M | 300.22M |
| Tangible Book Value Per Share | 20.44 | 17.36 | 13.39 | 9.67 | 8.38 | 8.56 |
| Land | 24.30M | 24.44M | 24.11M | 21.53M | 21.30M | 22.36M |
| Buildings | 132.66M | 133.46M | 127.09M | 121.45M | 120.51M | 124.80M |
| Machinery | 105.10M | 102.90M | 97.77M | 96.20M | 91.79M | 99.70M |
| Construction In Progress | 13.46M | 2.11M | 3.32M | 4.13M | 1.73M | 752.00K |
| Order Backlog | 1.40B | 1.30B |
Cash flow statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 190.86M | 180.75M | 149.85M | 54.52M | 13.74M | 631.00K |
| Depreciation & Amortization | 8.55M | 7.26M | 6.87M | 8.61M | 9.36M | 10.34M |
| Loss (Gain) From Sale of Assets | -2.01M | |||||
| Stock-Based Compensation | 5.24M | 4.63M | 4.75M | 4.60M | 4.09M | 2.58M |
| Provision & Write-off of Bad Debts | 253.00K | -3.00K | 278.00K | -54.00K | 162.00K | 48.00K |
| Other Operating Activities | 9.34M | -5.10M | -7.80M | -7.85M | -4.86M | -995.00K |
| Change in Accounts Receivable | 32.03M | -25.93M | -42.02M | 127.88M | -28.51M | -47.46M |
| Change in Inventory | -5.36M | 2.98M | -21.82M | -13.28M | -21.43M | -599.00K |
| Change in Accounts Payable | 15.99M | -7.49M | 16.35M | -6.17M | 18.59M | 9.76M |
| Change in Income Taxes | -7.37M | 1.18M | 2.52M | 4.81M | 688.00K | -473.00K |
| Change in Other Net Operating Assets | 6.58M | 9.66M | -303.00K | 9.47M | 6.59M | -4.29M |
| Operating Cash Flow | 256.11M | 167.94M | 108.66M | 182.55M | -3.58M | -30.46M |
| Capital Expenditures | -12.15M | -13.15M | -11.98M | -7.82M | -2.45M | -2.93M |
| Sale of Property, Plant & Equipment | 17.00K | 20.00K | 107.00K | 12.00K | 629.00K | 40.00K |
| Cash Acquisitions | -11.49M | -11.49M | ||||
| Divestitures | 4.35M | |||||
| Sale (Purchase) of Intangibles | -250.00K | |||||
| Investment in Securities | 33.99M | 16.27M | -9.75M | -18.77M | 3.94M | -47.00K |
| Other Investing Activities | 474.00K | |||||
| Investing Cash Flow | 10.36M | -8.34M | -21.87M | -26.57M | 6.46M | -2.46M |
| Long-Term Debt Repaid | -400.00K | -400.00K | ||||
| Net Debt Issued (Repaid) | -400.00K | -400.00K | ||||
| Repurchase of Common Stock | -14.92M | -12.25M | -6.60M | -652.00K | -675.00K | -632.00K |
| Common Dividends Paid | -13.02M | -12.87M | -12.65M | -12.41M | -12.23M | -12.14M |
| Financing Cash Flow | -27.94M | -25.12M | -19.25M | -13.06M | -13.31M | -13.17M |
| Foreign Exchange Rate Adjustments | -3.44M | 930.00K | 1.92M | 1.00M | -1.94M | 197.00K |
| Net Cash Flow | 235.09M | 135.41M | 69.46M | 143.92M | -12.36M | -45.90M |
| Free Cash Flow | 243.96M | 154.79M | 96.68M | 174.73M | -6.03M | -33.39M |
| Free Cash Flow Margin | 21.08% | 14.02% | 9.55% | 24.99% | -1.13% | -7.10% |
| Free Cash Flow Per Share | 6.67 | 4.24 | 2.64 | 4.81 | -0.17 | -0.94 |
| Levered Free Cash Flow | 190.40M | 114.90M | 68.51M | 165.28M | -4.23M | -31.97M |
| Unlevered Free Cash Flow | 190.40M | 114.90M | 68.51M | 165.28M | -4.23M | -31.97M |
| Cash Income Tax Paid | 56.13M | 56.13M | 50.92M | 17.23M | 533.00K | 1.89M |
| Change in Working Capital | 41.88M | -19.61M | -45.28M | 122.72M | -24.06M | -43.06M |
Ratios
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.61B | 3.68B | 2.66B | 983.24M | 248.36M | 287.26M |
| Enterprise Value | 4.98B | 3.25B | 2.29B | 775.05M | 151.96M | 163.02M |
| Last Close Price | 154.01 | 101.39 | 73.50 | 27.22 | 6.76 | 7.56 |
| PE Ratio | 29.49 | 20.35 | 17.76 | 18.03 | 18.08 | 455.25 |
| Forward PE | 23.86 | 20.99 | 17.87 | 22.25 | 34.84 | 73.83 |
| PS Ratio | 4.85 | 3.33 | 2.63 | 1.41 | 0.47 | 0.61 |
| PB Ratio | 7.42 | 5.74 | 5.51 | 2.85 | 0.84 | 0.95 |
| P/TBV Ratio | 7.53 | 5.85 | 5.53 | 2.86 | 0.84 | 0.96 |
| P/FCF Ratio | 23.00 | 23.77 | 27.53 | 5.63 | ||
| P/OCF Ratio | 21.91 | 21.91 | 24.49 | 5.39 | ||
| PEG Ratio | 1.99 | 1.75 | 1.62 | 2.02 | 3.17 | 5.27 |
| EV/Sales Ratio | 4.30 | 2.94 | 2.26 | 1.11 | 0.28 | 0.35 |
| EV/EBITDA Ratio | 21.08 | 14.42 | 12.32 | 10.90 | 9.16 | 14.36 |
| EV/EBIT Ratio | 21.87 | 14.90 | 12.80 | 12.40 | 21.04 | 159.98 |
| EV/FCF Ratio | 20.41 | 20.98 | 23.67 | 4.44 | ||
| Debt / Equity Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 |
| Debt / EBITDA Ratio | 0.01 | 0.01 | 0.01 | 0.02 | 0.12 | 0.29 |
| Debt / FCF Ratio | 0.01 | 0.01 | 0.01 | 0.01 | ||
| Net Debt / Equity Ratio | -0.83 | -0.74 | -0.74 | -0.80 | -0.38 | -0.43 |
| Net Debt / EBITDA Ratio | -2.67 | -2.10 | -1.92 | -3.90 | -6.89 | -11.43 |
| Net Debt / FCF Ratio | -2.59 | -3.06 | -3.69 | -1.59 | 18.93 | 3.89 |
| Asset Turnover | 0.94 | 1.08 | 1.21 | 1.12 | 1.15 | 1.04 |
| Inventory Turnover | 8.80 | 9.14 | 9.87 | 9.66 | 11.15 | 13.45 |
| Quick Ratio | 1.78 | 1.86 | 1.58 | 1.38 | 1.67 | 2.20 |
| Current Ratio | 1.97 | 2.09 | 1.81 | 1.57 | 1.99 | 2.50 |
| Return on Equity (ROE) | 28.25% | 32.17% | 36.19% | 16.98% | 4.59% | 0.21% |
| Return on Assets (ROA) | 11.62% | 13.37% | 13.30% | 6.27% | 0.97% | 0.14% |
| Return on Invested Capital (ROIC) | 121.54% | 115.17% | 141.31% | 39.48% | 4.08% | 0.39% |
| Return on Capital Employed (ROCE) | 29.10% | 32.90% | 35.70% | 17.50% | 2.40% | 0.30% |
| Earnings Yield | 3.39% | 4.91% | 5.63% | 5.54% | 5.53% | 0.22% |
| FCF Yield | 4.35% | 4.21% | 3.63% | 17.77% | -2.43% | -11.62% |
| Dividend Yield | 0.23% | 0.35% | 0.48% | 1.26% | 4.93% | 4.23% |
| Payout Ratio | 6.89% | 7.12% | 8.44% | 22.75% | 89.05% | 1,924.25% |
| Buyback Yield / Dilution | -0.06% | 0.17% | -0.56% | -1.48% | -1.31% | -0.82% |
| Total Shareholder Return | 0.18% | 0.52% | -0.08% | -0.22% | 3.63% | 3.41% |