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Powell Industries (POWL) Financials

Powell Industries logo
$197.67 +0.27 (+0.14%)
As of 08/21/2026 04:00 PM Eastern
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Annual Income Statements for Powell Industries

Annual Income Statements for Powell Industries

This table shows Powell Industries' 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 2025
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 9/30/2025
Net Income / (Loss) Attributable to Common Shareholders		 9.44 16 -9.49 -7.15 9.89 17 0.63 14 55 150 181
Consolidated Net Income / (Loss)		 9.44 16 -9.49 -7.15 9.89 17 0.63 14 55 150 181
Net Income / (Loss) Continuing Operations		 9.44 16 -9.49 -7.15 9.89 17 0.63 14 55 150 181
Total Pre-Tax Income 		23 18 -17 -7.70 12 20 1.09 9.84 69 196 234
Total Operating Income		 21 16 -19 -9.12 11 19 1.02 7.22 63 179 218
Total Gross Profit		 108 106 51 65 87 95 75 85 148 273 324
Total Revenue		 662 565 396 449 517 518 471 533 699 1,012 1,104
Operating Revenue		 662 565 396 449 517 518 471 533 699 1,012 1,104
Total Cost of Revenue		 554 459 345 383 430 424 395 448 552 739 780
Operating Cost of Revenue		 554 459 345 383 430 424 395 448 552 739 780
Total Operating Expenses		 88 90 70 74 76 76 74 78 85 94 107
Selling, General & Admin Expense		 77 75 62 67 70 68 67 71 79 85 95
Research & Development Expense		 6.98 6.73 6.91 6.72 6.33 6.27 6.67 6.96 6.22 9.43 11
Amortization Expense		 0.44 0.40 0.40 0.21 0.18 0.18 0.16 - 0.00 0.00 0.11
Total Other Income / (Expense), net		 2.34 2.04 2.42 1.42 0.87 1.26 0.07 2.62 6.43 17 16
Interest & Investment Income		 0.09 0.16 0.56 0.88 1.10 0.75 0.07 0.33 6.43 17 16
Income Tax Expense		 14 2.28 -7.43 -0.55 2.44 3.67 0.46 -3.89 14 46 53
Basic Earnings per Share		 $0.80 $1.36 ($0.83) ($0.62) $0.85 $1.43 $0.05 $1.16 $4.59 $12.51 $14.98
Weighted Average Basic Shares Outstanding		 11.87M 11.40M 11.45M 11.51M 11.57M 11.62M 11.71M 11.80M 11.88M 11.98M 12.06M
Diluted Earnings per Share		 $0.79 $1.36 ($0.83) ($0.62) $0.85 $1.42 $0.05 $1.15 $4.50 $12.29 $14.86
Weighted Average Diluted Shares Outstanding		 11.91M 11.43M 11.45M 11.51M 11.63M 11.69M 11.79M 11.94M 12.12M 12.19M 12.17M
Weighted Average Basic & Diluted Shares Outstanding		 11.80M 11.40M 11.40M 11.50M 11.59M 11.62M 11.72M 11.82M 11.96M 12.02M 12.09M
Cash Dividends to Common per Share		 $1.04 $1.04 $1.04 $1.04 $1.04 $1.04 $1.04 $1.04 $1.05 $1.06 $1.07

Quarterly Income Statements for Powell Industries

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

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 24 33 46 46 35 46 48 51 41 46 52
Consolidated Net Income / (Loss)		 24 33 46 46 35 46 48 51 41 46 52
Net Income / (Loss) Continuing Operations		 24 33 46 46 35 46 48 51 41 46 52
Total Pre-Tax Income 		30 44 62 60 39 62 64 68 47 62 69
Total Operating Income		 26 39 57 56 36 59 60 63 43 58 64
Total Gross Profit		 48 63 82 80 60 83 88 94 71 88 95
Total Revenue		 194 255 288 275 241 279 286 298 251 297 312
Operating Revenue		 194 255 288 275 241 279 286 298 251 297 312
Total Cost of Revenue		 146 192 206 195 182 195 198 204 180 209 216
Operating Cost of Revenue		 146 192 206 195 182 195 198 204 180 209 216
Total Operating Expenses		 22 23 24 24 24 25 28 30 29 30 31
Selling, General & Admin Expense		 20 21 22 22 21 22 25 27 25 26 27
Research & Development Expense		 1.97 2.28 2.43 2.75 2.48 2.75 2.66 3.13 3.27 4.29 4.30
Amortization Expense		 - - - - 0.00 0.00 0.00 - 0.22 0.22 0.22
Total Other Income / (Expense), net		 4.00 4.43 4.51 4.38 3.87 3.56 3.98 4.29 4.27 4.20 5.05
Interest & Investment Income		 4.00 4.43 4.51 4.38 3.87 3.56 3.98 4.29 4.27 4.20 5.05
Income Tax Expense		 5.79 10 16 14 4.67 16 16 16 5.65 16 17
Basic Earnings per Share		 $2.02 $2.79 $3.85 $3.85 $2.89 $1.28 $1.33 $4.25 $3.42 $1.26 $1.43
Weighted Average Basic Shares Outstanding		 11.94M 11.99M 12.00M 11.98M 12.04M 36.21M 36.21M 12.06M 12.11M 36.43M 36.43M
Diluted Earnings per Share		 $1.98 $2.75 $3.79 $3.77 $2.86 $1.27 $1.32 $4.23 $3.40 $1.25 $1.42
Weighted Average Diluted Shares Outstanding		 12.17M 12.19M 12.21M 12.19M 12.15M 36.52M 36.53M 12.17M 12.16M 36.58M 36.60M
Weighted Average Basic & Diluted Shares Outstanding		 11.97M 11.99M 11.99M 12.02M 12.06M 12.07M 12.07M 12.09M 12.14M 36.43M 36.43M
Cash Dividends to Common per Share		 $0.26 $0.27 $0.27 $0.27 $0.27 $0.09 $0.09 $0.27 $0.27 $0.09 $0.09

Annual Cash Flow Statements for Powell Industries

This table details how cash moves in and out of Powell Industries' 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 2025
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 9/30/2025
Net Change in Cash & Equivalents		 -57 55 -6.31 -31 58 42 -46 -10 143 68 134
Net Cash From Operating Activities		 13 75 37 -29 69 72 -30 -3.58 183 109 168
Net Cash From Continuing Operating Activities		 13 75 37 -29 69 72 -30 -3.58 183 109 168
Net Income / (Loss) Continuing Operations		 9.44 16 -9.49 -7.15 9.89 17 0.63 14 55 150 181
Consolidated Net Income / (Loss)		 9.44 16 -9.49 -7.15 9.89 17 0.63 14 55 150 181
Depreciation Expense		 13 13 13 13 12 11 10 9.36 8.61 6.87 7.27
Non-Cash Adjustments To Reconcile Net Income		 3.64 5.76 2.87 2.52 4.07 3.23 2.63 2.25 4.55 5.03 4.63
Changes in Operating Assets and Liabilities, net		 -14 40 31 -37 43 42 -44 -29 115 -53 -25
Net Cash From Investing Activities		 -35 -2.86 -30 10 2.96 -18 -2.46 6.47 -27 -22 -8.34
Net Cash From Continuing Investing Activities		 -35 -2.86 -30 10 2.96 -18 -2.46 6.47 -27 -22 -8.34
Purchase of Property, Plant & Equipment		 -35 -3.04 -3.62 -4.42 -4.26 -5.16 -2.93 -2.45 -7.82 -12 -13
Acquisitions		 - - - - - - - 0.00 0.00 -0.25 -11
Purchase of Investments		 0.00 0.00 -60 -22 -5.87 -19 -28 -22 -34 -43 -37
Sale of Property, Plant & Equipment		 0.11 0.19 - - - 0.03 0.04 0.63 0.01 0.11 0.02
Sale and/or Maturity of Investments		 0.00 0.00 33 35 13 6.15 28 26 15 33 54
Net Cash From Financing Activities		 -35 -17 -13 -13 -14 -13 -13 -13 -13 -19 -25
Net Cash From Continuing Financing Activities		 -35 -17 -13 -13 -14 -13 -13 -13 -13 -19 -25
Payment of Dividends		 -12 -12 -12 -12 -12 -12 -12 -12 -12 -13 -13
Other Financing Activities, net		 -0.93 -1.39 -0.40 -0.71 -1.45 -0.63 -0.63 -0.68 -0.65 -6.60 -12
Other Net Changes in Cash		 - - - - - - 0.20 - 1.00 - 0.93

Quarterly Cash Flow Statements for Powell Industries

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

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 75 2.33 8.86 -18 12 33 35 54 39 48 97
Net Cash From Operating Activities		 84 17 14 -5.99 37 22 47 61 44 51 100
Net Cash From Continuing Operating Activities		 84 17 14 -5.99 37 22 47 61 44 51 100
Net Income / (Loss) Continuing Operations		 24 33 46 46 35 46 48 51 41 46 52
Consolidated Net Income / (Loss)		 24 33 46 46 35 46 48 51 41 46 52
Depreciation Expense		 1.64 1.72 1.71 1.80 1.76 1.72 1.74 2.05 2.15 2.18 2.17
Non-Cash Adjustments To Reconcile Net Income		 1.63 1.34 1.15 0.91 1.42 0.99 1.11 1.11 1.70 1.13 1.44
Changes in Operating Assets and Liabilities, net		 57 -20 -35 -55 -0.87 -27 -3.71 6.50 -1.60 1.98 44
Net Cash From Investing Activities		 -1.49 -9.76 -1.73 -8.90 -9.49 14 -8.78 -4.13 13 1.04 0.52
Net Cash From Continuing Investing Activities		 -1.49 -9.76 -1.73 -8.90 -9.49 14 -8.78 -4.13 13 1.04 0.52
Purchase of Property, Plant & Equipment		 -1.24 -0.90 -1.39 -8.46 -2.19 -4.07 -5.12 -1.77 -2.03 -1.83 -6.53
Sale of Property, Plant & Equipment		 - - 0.03 0.08 - - - - - - 0.01
Sale and/or Maturity of Investments		 0.00 3.69 15 15 13 21 11 9.13 15 2.87 7.03
Net Cash From Financing Activities		 -7.88 -4.90 -3.18 -3.30 -15 -3.23 -3.26 -3.45 -17 -3.74 -3.48
Net Cash From Continuing Financing Activities		 -7.88 -4.90 -3.18 -3.30 -15 -3.23 -3.26 -3.45 -17 -3.74 -3.48
Payment of Dividends		 -3.12 -3.18 -3.18 -3.18 -3.19 -3.23 -3.23 -3.23 -3.24 -3.28 -3.28
Other Financing Activities, net		 -4.75 -1.72 - -0.12 -12 - -0.04 -0.22 -14 -0.46 -0.20

Annual Balance Sheets for Powell Industries

This table presents Powell Industries' 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 2025
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 9/30/2025
Total Assets		 469 463 415 430 467 472 436 493 752 928 1,109
Total Current Assets		 297 304 250 277 329 336 302 370 622 776 932
Cash & Equivalents		 44 98 68 37 119 160 114 102 246 315 451
Short-Term Investments		 - 0.00 27 13 6.04 19 20 15 33 43 25
Accounts Receivable		 207 167 105 93 112 70 78 106 207 214 217
Inventories, net		 33 27 18 21 29 29 30 50 64 86 85
Prepaid Expenses		 5.00 4.57 3.70 3.78 4.34 4.40 4.38 4.68 5.42 7.49 11
Other Current Assets		 3.92 2.46 0.46 83 58 53 56 92 67 110 144
Plant, Property, & Equipment, net		 155 145 139 129 121 114 109 99 98 103 111
Total Noncurrent Assets		 17 13 25 25 18 22 24 25 33 48 66
Goodwill		 2.39 2.06 1.72 1.51 1.34 1.16 1.00 1.00 1.00 1.00 6.13
Intangible Assets		 - - - - - - - - - 0.50 6.14
Noncurrent Deferred & Refundable Income Taxes		 2.29 0.00 0.23 5.94 5.12 3.64 4.64 9.16 17 27 33
Other Noncurrent Operating Assets		 10 11 14 11 12 17 19 15 15 20 21
Total Liabilities & Shareholders' Equity		 469 463 415 430 467 472 436 493 752 928 1,109
Total Liabilities		 136 127 94 128 168 166 135 196 407 445 468
Total Current Liabilities		 125 118 86 118 158 153 121 186 396 428 446
Accounts Payable		 48 35 33 41 51 35 45 63 57 74 67
Accrued Expenses		 12 13 3.17 10 14 12 10 15 22 23 30
Current Deferred Revenue		 44 46 27 - - - 42 80 280 288 298
Current Deferred & Payable Income Tax Liabilities		 0.78 1.46 1.22 0.90 0.91 1.86 1.08 1.72 6.52 8.98 11
Current Employee Benefit Liabilities		 19 23 15 22 20 22 20 25 30 34 39
Other Current Liabilities		 - - 5.86 43 71 82 1.42 1.78 0.77 0.60 0.88
Total Noncurrent Liabilities		 11 8.95 8.11 10 10 13 14 9.80 12 17 22
Noncurrent Deferred & Payable Income Tax Liabilities		 - 0.14 - - - - - - 0.00 2.71 5.30
Noncurrent Employee Benefit Liabilities		 4.95 4.84 5.31 5.90 6.45 6.71 8.61 7.75 9.15 12 14
Other Noncurrent Operating Liabilities		 0.72 1.47 1.20 3.36 3.12 5.60 5.20 2.05 2.39 2.36 2.82
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 333 335 321 302 299 307 301 297 345 483 641
Total Preferred & Common Equity		 333 335 321 302 299 307 301 297 345 483 641
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		 333 335 321 302 299 307 301 297 345 483 641
Common Stock		 49 52 54 57 59 62 64 68 72 70 63
Retained Earnings		 328 332 311 292 289 294 283 284 325 462 630
Treasury Stock		 -21 -25 -25 -25 -25 -25 -25 -25 -25 -25 -25
Accumulated Other Comprehensive Income / (Loss)		 -22 -24 -19 -22 -25 -25 -20 -29 -27 -24 -27

Quarterly Balance Sheets for Powell Industries

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

Metric Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 3/31/2023 6/30/2023 12/31/2023 3/31/2024 6/30/2024 12/31/2024 3/31/2025 6/30/2025 12/31/2025 3/31/2026 6/30/2026
Total Assets		 587 671 808 850 869 913 965 1,042 1,094 1,180 1,407
Total Current Assets		 463 547 675 717 736 762 811 880 920 1,008 1,231
Cash & Equivalents		 152 183 321 323 332 326 360 398 491 538 634
Short-Term Investments		 11 26 34 42 42 48 30 35 10 7.18 0.00
Accounts Receivable		 170 205 169 184 173 193 203 212 190 238 362
Inventories, net		 59 66 70 82 85 88 89 89 85 86 95
Prepaid Expenses		 2.71 4.82 5.25 3.36 5.47 7.57 5.26 7.23 15 13 13
Other Current Assets		 68 62 75 82 98 100 124 140 130 126 127
Plant, Property, & Equipment, net		 98 97 98 97 96 102 105 109 112 112 119
Total Noncurrent Assets		 26 27 35 36 37 49 49 53 62 60 57
Goodwill		 1.00 1.00 1.50 1.50 1.50 1.50 1.50 1.50 6.13 6.04 6.05
Intangible Assets		 - - - - - - - - 5.92 5.61 5.40
Noncurrent Deferred & Refundable Income Taxes		 11 12 17 17 17 28 30 31 30 26 22
Other Noncurrent Operating Assets		 14 14 16 18 18 19 18 20 20 22 24
Total Liabilities & Shareholders' Equity		 587 671 808 850 869 913 965 1,042 1,094 1,180 1,407
Total Liabilities		 281 347 442 456 432 416 424 447 425 471 651
Total Current Liabilities		 270 335 428 442 418 397 405 427 402 447 625
Accounts Payable		 51 63 50 80 80 65 75 66 48 75 87
Accrued Expenses		 19 20 25 21 21 23 24 26 32 29 36
Current Deferred Revenue		 178 226 329 316 283 283 283 300 302 315 466
Current Deferred & Payable Income Tax Liabilities		 2.58 1.74 12 4.95 7.58 12 3.26 6.45 4.77 3.37 2.42
Current Employee Benefit Liabilities		 18 24 12 20 27 13 19 28 14 24 32
Other Current Liabilities		 0.99 0.84 0.65 0.57 0.48 0.63 0.65 0.61 0.80 0.88 0.95
Total Noncurrent Liabilities		 12 12 14 14 14 20 19 20 24 24 26
Noncurrent Deferred & Payable Income Tax Liabilities		 - - - - - 3.75 3.72 3.91 5.35 5.27 5.20
Noncurrent Employee Benefit Liabilities		 9.11 9.45 11 11 11 13 12 13 15 15 17
Other Noncurrent Operating Liabilities		 2.50 2.59 2.81 2.81 2.37 2.93 3.02 2.67 3.11 3.59 3.78
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 306 324 366 394 437 496 541 595 669 709 756
Total Preferred & Common Equity		 306 324 366 394 437 496 541 595 669 709 756
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		 306 324 366 394 437 496 541 595 669 709 756
Common Stock		 70 71 69 68 69 60 61 62 51 52 53
Retained Earnings		 287 302 346 376 419 494 537 582 668 711 759
Treasury Stock		 -25 -25 -25 -25 -25 -25 -25 -25 -25 -25 -25
Accumulated Other Comprehensive Income / (Loss)		 -26 -24 -24 -26 -27 -32 -31 -24 -25 -28 -31

Annual Metrics And Ratios for Powell Industries

This table displays calculated financial ratios and metrics derived from Powell Industries' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
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 9/30/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 2.17% -14.60% -29.96% 13.34% 15.26% 0.26% -9.25% 13.18% 31.31% 44.77% 9.08%
EBITDA Growth		 -14.91% -14.99% -114.64% 199.43% 418.84% 28.19% -62.30% 66.17% 276.99% 161.01% 21.27%
EBIT Growth		 -25.29% -22.84% -197.32% 51.61% 236.85% 70.81% -94.79% 833.17% 557.48% 185.95% 21.86%
NOPAT Growth		 -54.79% 62.03% -198.55% 52.83% 243.92% 70.06% -96.23% 1,612.23% 390.39% 176.33% 23.41%
Net Income Growth		 -67.70% 64.32% -161.16% 24.60% 238.28% 68.45% -96.21% 2,077.02% 296.92% 174.82% 20.62%
EPS Growth		 -67.36% 72.15% -161.03% 25.30% 237.10% 67.06% -96.48% 2,200.00% 291.30% 173.11% 20.91%
Operating Cash Flow Growth		 41.52% 479.86% -50.85% -177.53% 340.90% 5.29% -142.08% 88.24% 5,196.40% -40.48% 54.55%
Free Cash Flow Firm Growth		 -953.85% 615.94% -64.97% -235.66% 296.54% 1.50% -161.39% 92.28% 5,618.34% -52.50% 64.26%
Invested Capital Growth		 7.86% -17.95% -15.31% 12.35% -23.07% -26.85% 30.46% 7.79% -63.47% 88.86% 32.53%
Revenue Q/Q Growth		 -0.08% -5.44% -8.09% 9.77% 2.70% -6.12% 3.23% 6.65% 7.04% 7.02% 2.12%
EBITDA Q/Q Growth		 27.99% -7.26% -152.28% 193.73% 20.41% -9.49% -2.92% 81.96% 37.49% 16.29% 3.39%
EBIT Q/Q Growth		 57.63% -11.83% -328.76% 53.53% 67.19% -14.03% -10.38% 1,207.98% 45.13% 17.26% 3.38%
NOPAT Q/Q Growth		 77.08% -6.55% -218.79% 52.09% 112.43% -19.10% 157.03% 418.17% 45.99% 15.81% 3.34%
Net Income Q/Q Growth		 69.89% -4.93% -914.95% 48.30% 102.21% -17.59% 78.75% 66.33% 48.05% 15.06% 3.06%
EPS Q/Q Growth		 64.58% -2.86% -930.00% 48.33% 102.38% -18.39% 150.00% 66.67% 47.54% 14.86% 3.19%
Operating Cash Flow Q/Q Growth		 -69.48% 33.45% -8.49% -74.40% 118.64% -17.94% -47.16% 80.69% 40.95% -43.37% 66.49%
Free Cash Flow Firm Q/Q Growth		 -225.24% 27.03% -21.22% -33.70% 134.98% -21.96% -15.91% 85.83% 40.28% -54.03% 100.09%
Invested Capital Q/Q Growth		 2.60% -3.09% -5.00% 1.87% -13.10% -8.87% -3.93% -8.48% -42.24% 98.87% 2.09%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 16.36% 18.79% 12.82% 14.56% 16.82% 18.24% 15.95% 15.96% 21.10% 26.98% 29.37%
EBITDA Margin		 5.53% 5.51% -1.15% 1.01% 4.54% 5.81% 2.41% 3.54% 10.17% 18.34% 20.39%
Operating Margin		 3.12% 2.79% -4.88% -2.03% 2.22% 3.68% 0.22% 1.36% 8.94% 17.66% 19.73%
EBIT Margin		 3.48% 3.15% -4.37% -1.87% 2.22% 3.78% 0.22% 1.79% 8.94% 17.66% 19.73%
Profit (Net Income) Margin		 1.43% 2.74% -2.40% -1.59% 1.91% 3.21% 0.13% 2.58% 7.80% 14.80% 16.37%
Tax Burden Percent		 41.06% 87.17% 56.07% 92.90% 80.18% 81.95% 57.78% 139.56% 79.08% 76.42% 77.39%
Interest Burden Percent		 99.74% 100.04% 97.75% 91.93% 107.62% 103.85% 107.16% 103.51% 110.28% 109.69% 107.20%
Effective Tax Rate		 58.94% 12.83% 0.00% 0.00% 19.82% 18.05% 42.22% -39.56% 20.92% 23.58% 22.61%
Return on Invested Capital (ROIC)		 3.01% 5.16% -6.11% -2.96% 4.55% 10.28% 0.40% 5.79% 40.08% 143.28% 116.31%
ROIC Less NNEP Spread (ROIC-NNEP)		 1.64% 2.55% -9.90% -2.16% 3.84% 9.59% 0.37% 2.87% 37.51% 139.13% 113.40%
Return on Net Nonoperating Assets (RNNOA)		 -0.33% -0.52% 3.22% 0.66% -1.26% -4.78% -0.19% -1.20% -23.10% -107.09% -84.14%
Return on Equity (ROE)		 2.68% 4.64% -2.89% -2.30% 3.29% 5.50% 0.21% 4.59% 16.98% 36.19% 32.17%
Cash Return on Invested Capital (CROIC)		 -4.55% 24.88% 10.47% -14.59% 30.63% 41.29% -26.03% -1.71% 133.05% 81.75% 88.33%
Operating Return on Assets (OROA)		 4.56% 3.82% -3.95% -1.98% 2.55% 4.17% 0.22% 2.05% 10.04% 21.28% 21.39%
Return on Assets (ROA)		 1.87% 3.33% -2.16% -1.69% 2.20% 3.55% 0.14% 2.96% 8.75% 17.83% 17.75%
Return on Common Equity (ROCE)		 2.68% 4.64% -2.89% -2.30% 3.29% 5.50% 0.21% 4.59% 16.98% 36.19% 32.17%
Return on Equity Simple (ROE_SIMPLE)		 2.83% 4.63% -2.95% -2.37% 3.31% 5.43% 0.21% 4.62% 15.80% 31.02% 0.00%
Net Operating Profit after Tax (NOPAT)		 8.48 14 -14 -6.39 9.19 16 0.59 10 49 137 169
NOPAT Margin		 1.28% 2.43% -3.42% -1.42% 1.78% 3.01% 0.13% 1.89% 7.07% 13.49% 15.27%
Net Nonoperating Expense Percent (NNEP)		 1.37% 2.61% 3.80% -0.80% 0.71% 0.68% 0.03% 2.92% 2.57% 4.15% 2.91%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - - - 26.31%
Cost of Revenue to Revenue		 83.64% 81.21% 87.18% 85.44% 83.18% 81.76% 84.05% 84.04% 78.90% 73.02% 70.63%
SG&A Expenses to Revenue		 11.60% 13.26% 15.54% 14.88% 13.53% 13.05% 14.28% 13.30% 11.27% 8.39% 8.64%
R&D to Revenue		 1.05% 1.19% 1.74% 1.50% 1.22% 1.21% 1.42% 1.31% 0.89% 0.93% 1.00%
Operating Expenses to Revenue		 13.24% 16.01% 17.72% 16.60% 14.60% 14.56% 15.74% 14.61% 12.16% 9.32% 9.65%
Earnings before Interest and Taxes (EBIT)		 23 18 -17 -8.38 11 20 1.02 9.51 63 179 218
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 37 31 -4.55 4.53 23 30 11 19 71 186 225
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.81 1.08 0.87 1.16 1.31 0.82 0.89 0.81 2.82 5.50 5.74
Price to Tangible Book Value (P/TBV)		 0.82 1.08 0.87 1.17 1.32 0.82 0.89 0.81 2.83 5.52 5.85
Price to Revenue (P/Rev)		 0.41 0.64 0.71 0.78 0.76 0.48 0.57 0.45 1.39 2.63 3.33
Price to Earnings (P/E)		 28.60 23.26 0.00 0.00 39.75 15.09 423.19 17.49 17.87 17.74 20.34
Dividend Yield		 4.52% 3.28% 4.25% 3.41% 3.06% 4.80% 4.55% 5.10% 1.28% 0.48% 0.35%
Earnings Yield		 3.50% 4.30% 0.00% 0.00% 2.52% 6.63% 0.24% 5.72% 5.60% 5.64% 4.92%
Enterprise Value to Invested Capital (EV/IC)		 0.78 1.11 0.84 1.24 1.53 0.57 0.80 0.68 10.53 18.45 19.37
Enterprise Value to Revenue (EV/Rev)		 0.35 0.47 0.43 0.63 0.52 0.14 0.28 0.23 0.99 2.27 2.90
Enterprise Value to EBITDA (EV/EBITDA)		 6.26 8.53 0.00 62.49 11.48 2.43 11.75 6.56 9.78 12.39 14.21
Enterprise Value to EBIT (EV/EBIT)		 9.94 14.93 0.00 0.00 23.53 3.74 130.97 13.01 11.12 12.87 14.69
Enterprise Value to NOPAT (EV/NOPAT)		 27.03 19.33 0.00 0.00 29.34 4.69 226.65 12.27 14.06 16.84 18.98
Enterprise Value to Operating Cash Flow (EV/OCF)		 17.74 3.54 4.65 0.00 3.92 1.01 0.00 0.00 3.81 21.17 19.05
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 4.01 7.37 0.00 4.36 1.17 0.00 0.00 4.24 29.51 24.99
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.01 0.01 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.01 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -0.20 -0.20 -0.32 -0.31 -0.33 -0.50 -0.51 -0.42 -0.62 -0.77 -0.74
Leverage Ratio		 1.43 1.39 1.34 1.36 1.49 1.55 1.49 1.55 1.94 2.03 1.81
Compound Leverage Factor		 1.43 1.39 1.31 1.25 1.61 1.61 1.60 1.61 2.14 2.23 1.94
Debt to Total Capital		 0.83% 0.71% 0.62% 0.53% 0.40% 0.26% 0.13% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.12% 0.12% 0.12% 0.13% 0.13% 0.13% 0.13% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.71% 0.59% 0.49% 0.40% 0.27% 0.13% 0.00% 0.00% 0.00% 0.00% 0.00%
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		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 99.17% 99.29% 99.38% 99.47% 99.60% 99.74% 99.87% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA		 0.08 0.08 -0.44 0.35 0.05 0.03 0.04 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 -1.11 -3.06 23.78 -14.86 -5.26 -5.91 -11.77 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.07 0.06 -0.35 0.27 0.03 0.01 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.33 0.17 -0.15 -0.25 0.13 0.05 0.68 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 -4.81 -6.94 8.00 10.54 -13.44 -11.40 -226.86 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.28 0.15 -0.12 -0.19 0.09 0.03 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 4.19 4.54 4.13 4.01 3.89 3.48 3.68 3.13 3.61 6.46 7.67
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.38 2.57 2.92 2.35 2.08 2.19 2.50 1.99 1.57 1.81 2.09
Quick Ratio		 2.00 2.24 2.34 1.21 1.50 1.63 1.75 1.19 1.23 1.34 1.55
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -13 66 23 -31 62 63 -39 -2.97 164 78 128
Operating Cash Flow to CapEx		 37.33% 2,621.84% 1,015.87% -646.50% 1,615.96% 1,411.19% -1,053.65% -196.60% 2,338.32% 914.96% 1,279.13%
Free Cash Flow to Firm to Interest Expense		 -88.53 444.50 138.12 -152.06 268.99 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 89.09 502.72 219.14 -137.89 298.95 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 -149.58 483.55 197.57 -159.22 280.45 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.31 1.21 0.90 1.06 1.15 1.10 1.04 1.15 1.12 1.20 1.08
Accounts Receivable Turnover		 3.23 3.02 2.91 4.53 5.05 5.70 6.35 5.78 4.47 4.81 5.12
Inventory Turnover		 16.85 15.45 15.35 19.26 17.02 14.58 13.45 11.15 9.66 9.87 9.14
Fixed Asset Turnover		 4.25 3.77 2.78 3.35 4.14 4.41 4.20 5.12 7.13 10.07 10.30
Accounts Payable Turnover		 9.37 11.06 10.11 10.36 9.36 9.83 9.85 8.24 9.19 11.35 11.09
Days Sales Outstanding (DSO)		 112.97 120.67 125.64 80.51 72.21 64.08 57.50 63.19 81.61 75.89 71.30
Days Inventory Outstanding (DIO)		 21.66 23.62 23.78 18.95 21.45 25.04 27.13 32.72 37.80 36.97 39.92
Days Payable Outstanding (DPO)		 38.97 33.00 36.09 35.22 38.98 37.11 37.04 44.31 39.72 32.17 32.93
Cash Conversion Cycle (CCC)		 95.66 111.29 113.33 64.24 54.68 52.01 47.59 51.60 79.69 80.69 78.30
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 292 240 203 228 176 129 168 181 66 125 165
Invested Capital Turnover		 2.35 2.12 1.79 2.08 2.56 3.41 3.18 3.06 5.67 10.62 7.62
Increase / (Decrease) in Invested Capital		 21 -52 -37 25 -53 -47 39 13 -115 59 41
Enterprise Value (EV)		 229 265 171 283 270 73 133 124 695 2,301 3,200
Market Capitalization		 270 361 279 350 393 251 267 240 974 2,659 3,676
Book Value per Share		 $28.43 $29.43 $28.11 $26.30 $25.86 $26.40 $25.76 $25.23 $29.09 $40.30 $53.09
Tangible Book Value per Share		 $28.23 $29.25 $27.96 $26.17 $25.75 $26.30 $25.68 $25.14 $29.01 $40.17 $52.08
Total Capital		 336 338 323 303 300 307 302 297 345 483 641
Total Debt		 2.80 2.40 2.00 1.60 1.20 0.80 0.40 0.00 0.00 0.00 0.00
Total Long-Term Debt		 2.40 2.00 1.60 1.20 0.80 0.40 0.00 0.00 0.00 0.00 0.00
Net Debt		 -41 -95 -108 -67 -123 -178 -134 -117 -279 -358 -476
Capital Expenditures (CapEx)		 35 2.86 3.62 4.42 4.26 5.13 2.89 1.82 7.81 12 13
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 129 89 55 90 46 4.19 48 67 -53 -9.93 9.80
Debt-free Net Working Capital (DFNWC)		 173 186 165 159 171 183 182 184 226 348 485
Net Working Capital (NWC)		 172 186 164 159 171 183 181 184 226 348 485
Net Nonoperating Expense (NNE)		 -0.96 -1.77 -4.05 0.77 -0.70 -1.03 -0.04 -3.66 -5.08 -13 -12
Net Nonoperating Obligations (NNO)		 -41 -95 -118 -73 -123 -178 -134 -117 -279 -358 -476
Total Depreciation and Amortization (D&A)		 14 13 13 13 12 11 10 9.36 8.61 6.87 7.27
Debt-free, Cash-free Net Working Capital to Revenue		 19.49% 15.67% 13.79% 20.13% 8.97% 0.81% 10.14% 12.60% -7.54% -0.98% 0.89%
Debt-free Net Working Capital to Revenue		 26.07% 32.96% 41.65% 35.48% 33.08% 35.32% 38.61% 34.48% 32.36% 34.42% 43.95%
Net Working Capital to Revenue		 26.01% 32.89% 41.55% 35.39% 33.00% 35.24% 38.53% 34.48% 32.36% 34.42% 43.95%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.80 $1.36 ($0.83) ($0.62) $0.85 $1.43 $0.05 $1.16 $4.59 $12.51 $14.98
Adjusted Weighted Average Basic Shares Outstanding		 11.87M 11.40M 11.45M 11.51M 11.57M 11.62M 11.71M 11.80M 11.88M 11.98M 12.06M
Adjusted Diluted Earnings per Share		 $0.79 $1.36 ($0.83) ($0.62) $0.85 $1.42 $0.05 $1.15 $4.50 $12.29 $14.86
Adjusted Weighted Average Diluted Shares Outstanding		 11.91M 11.43M 11.45M 11.51M 11.63M 11.69M 11.79M 11.94M 12.12M 12.19M 12.17M
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		 11.41M 11.41M 11.43M 11.50M 11.59M 11.65M 11.72M 11.82M 11.96M 12.02M 12.09M
Normalized Net Operating Profit after Tax (NOPAT)		 17 21 -13 -5.83 8.44 17 0.59 5.06 49 137 169
Normalized NOPAT Margin		 2.54% 3.73% -3.19% -1.30% 1.63% 3.24% 0.13% 0.95% 7.07% 13.49% 15.27%
Pre Tax Income Margin		 3.47% 3.15% -4.27% -1.72% 2.38% 3.92% 0.23% 1.85% 9.86% 19.37% 21.15%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 158.97 119.37 -103.03 -40.46 49.83 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 58.46 92.18 -80.58 -30.85 39.96 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 -79.70 100.19 -124.60 -61.79 31.33 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 -180.21 73.01 -102.15 -52.18 21.46 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 130.92% 76.37% -125.18% -166.61% 121.31% 72.43% 1,924.25% 89.05% 22.75% 8.44% 7.12%
Augmented Payout Ratio		 356.15% 100.48% -125.18% -166.61% 121.31% 72.43% 1,924.25% 89.05% 22.75% 8.44% 7.12%

Quarterly Metrics And Ratios for Powell Industries

This table displays calculated financial ratios and metrics derived from Powell Industries' official financial filings.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - 12,142,283.00 36,431,649.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 36,426,849.00 36,431,649.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 1.26 1.43
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 52.94% 48.80% 49.80% 31.84% 24.44% 9.22% -0.66% 8.33% 4.04% 6.45% 8.90%
EBITDA Growth		 753.10% 236.43% 148.51% 81.49% 35.63% 47.13% 4.86% 12.75% 20.34% -1.44% 7.07%
EBIT Growth		 2,274.31% 291.99% 165.81% 88.28% 37.45% 49.20% 4.95% 12.70% 20.24% -2.27% 6.57%
NOPAT Growth		 2,556.81% 287.10% 154.76% 77.39% 50.30% 45.11% 5.58% 12.72% 20.03% -2.12% 6.87%
Net Income Growth		 1,972.72% 295.23% 150.48% 74.20% 44.33% 38.35% 4.35% 11.66% 19.06% -0.96% 8.14%
EPS Growth		 1,880.00% 292.86% 149.34% 72.94% 44.44% 38.55% 4.49% 12.20% 18.88% -0.96% 7.58%
Operating Cash Flow Growth		 15,381.97% -69.69% -72.37% -107.76% -55.81% 31.87% 244.32% 1,119.45% 17.71% 128.37% 111.53%
Free Cash Flow Firm Growth		 2,696.78% 225.05% -5.50% -111.49% -140.78% -155.38% -157.09% 147.59% 90.73% 138.35% 262.42%
Invested Capital Growth		 -94.15% -80.06% -45.15% 88.86% 1,019.93% 434.60% 158.18% 32.53% 36.69% 7.96% -24.24%
Revenue Q/Q Growth		 -7.01% 31.49% 12.96% -4.55% -12.23% 15.41% 2.74% 4.09% -15.71% 18.09% 5.10%
EBITDA Q/Q Growth		 -13.75% 49.75% 43.15% -1.84% -35.55% 62.45% 2.03% 5.54% -31.20% 33.04% 10.84%
EBIT Q/Q Growth		 -13.17% 52.59% 45.07% -2.05% -36.61% 65.63% 2.05% 5.19% -32.37% 34.63% 11.28%
NOPAT Q/Q Growth		 -13.37% 44.34% 42.31% -0.31% -26.60% 39.35% 3.54% 6.43% -21.84% 13.63% 13.06%
Net Income Q/Q Growth		 -8.89% 39.04% 38.03% -0.37% -24.51% 33.27% 4.11% 6.61% -19.51% 10.86% 13.67%
EPS Q/Q Growth		 -9.17% 38.89% 37.82% -0.53% -24.14% 33.22% 3.94% 6.82% -19.62% 10.86% 13.60%
Operating Cash Flow Q/Q Growth		 8.62% -79.75% -19.02% -143.54% 718.79% -39.56% 111.45% 28.90% -28.55% 17.27% 95.86%
Free Cash Flow Firm Q/Q Growth		 42.44% -26.98% -34.56% -116.88% -405.44% 0.83% 32.53% 114.07% -198.44% 510.34% 185.73%
Invested Capital Q/Q Growth		 -83.37% 159.14% 120.40% 98.87% -1.40% 23.70% 6.44% 2.09% 1.69% -2.30% -25.31%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 24.84% 24.59% 28.37% 29.24% 24.65% 29.94% 30.70% 31.39% 28.43% 29.65% 30.57%
EBITDA Margin		 14.18% 16.16% 20.47% 21.05% 15.46% 21.76% 21.61% 21.91% 17.88% 20.15% 21.25%
Operating Margin		 13.34% 15.48% 19.88% 20.40% 14.73% 21.15% 21.00% 21.22% 17.03% 19.41% 20.55%
EBIT Margin		 13.34% 15.48% 19.88% 20.40% 14.73% 21.15% 21.00% 21.22% 17.03% 19.41% 20.55%
Profit (Net Income) Margin		 12.41% 13.13% 16.04% 16.74% 14.40% 16.63% 16.85% 17.26% 16.48% 15.47% 16.73%
Tax Burden Percent		 80.61% 76.25% 74.80% 76.12% 88.15% 74.16% 75.25% 76.13% 88.00% 74.27% 75.46%
Interest Burden Percent		 115.45% 111.21% 107.87% 107.81% 110.87% 106.03% 106.61% 106.79% 109.97% 107.30% 107.88%
Effective Tax Rate		 19.39% 23.75% 25.20% 23.88% 11.85% 25.84% 24.75% 23.87% 12.00% 25.73% 24.54%
Return on Invested Capital (ROIC)		 82.94% 117.28% 158.94% 164.89% 205.57% 188.21% 152.21% 123.10% 114.74% 103.22% 126.22%
ROIC Less NNEP Spread (ROIC-NNEP)		 81.55% 116.00% 157.79% 163.84% 204.63% 187.51% 151.47% 122.32% 113.88% 102.55% 125.50%
Return on Net Nonoperating Assets (RNNOA)		 -57.17% -87.63% -121.08% -126.11% -172.87% -151.32% -118.50% -90.76% -85.44% -76.62% -99.08%
Return on Equity (ROE)		 25.76% 29.65% 37.86% 38.78% 32.70% 36.90% 33.71% 32.34% 29.30% 26.61% 27.14%
Cash Return on Invested Capital (CROIC)		 247.90% 240.90% 191.62% 81.75% 52.51% 41.14% 56.99% 88.33% 89.19% 102.33% 152.03%
Operating Return on Assets (OROA)		 15.47% 18.32% 24.42% 24.58% 18.15% 25.24% 23.77% 23.01% 18.90% 20.49% 19.43%
Return on Assets (ROA)		 14.40% 15.54% 19.70% 20.17% 17.74% 19.85% 19.07% 18.71% 18.29% 16.33% 15.82%
Return on Common Equity (ROCE)		 25.76% 29.65% 37.86% 38.78% 32.70% 36.90% 33.71% 32.34% 29.30% 26.61% 27.14%
Return on Equity Simple (ROE_SIMPLE)		 21.14% 26.02% 29.82% 0.00% 32.34% 32.02% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 21 30 43 43 31 44 45 48 38 43 48
NOPAT Margin		 10.75% 11.80% 14.87% 15.53% 12.99% 15.68% 15.80% 16.16% 14.98% 14.42% 15.51%
Net Nonoperating Expense Percent (NNEP)		 1.38% 1.28% 1.16% 1.05% 0.94% 0.70% 0.74% 0.78% 0.86% 0.67% 0.71%
Return On Investment Capital (ROIC_SIMPLE)		 5.70% - - - 6.32% 8.07% 7.60% 7.51% 5.63% 6.03% 6.39%
Cost of Revenue to Revenue		 75.16% 75.41% 71.63% 70.76% 75.35% 70.06% 69.30% 68.61% 71.57% 70.35% 69.43%
SG&A Expenses to Revenue		 10.49% 8.21% 7.64% 7.84% 8.90% 7.81% 8.77% 9.08% 10.02% 8.71% 8.57%
R&D to Revenue		 1.01% 0.90% 0.84% 1.00% 1.03% 0.99% 0.93% 1.05% 1.30% 1.45% 1.38%
Operating Expenses to Revenue		 11.50% 9.11% 8.49% 8.84% 9.92% 8.80% 9.70% 10.16% 11.40% 10.23% 10.02%
Earnings before Interest and Taxes (EBIT)		 26 39 57 56 36 59 60 63 43 58 64
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 28 41 59 58 37 61 62 65 45 60 66
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.85 4.31 3.93 5.50 5.37 3.80 4.27 5.74 5.76 9.27 13.80
Price to Tangible Book Value (P/TBV)		 2.86 4.33 3.94 5.52 5.38 3.81 4.28 5.85 5.87 9.42 14.01
Price to Revenue (P/Rev)		 1.36 2.00 1.81 2.63 2.51 1.90 2.35 3.33 3.46 5.80 9.01
Price to Earnings (P/E)		 13.46 16.57 13.18 17.74 16.59 11.85 14.48 20.34 20.57 35.15 54.66
Dividend Yield		 1.19% 0.74% 0.74% 0.48% 0.48% 0.62% 0.51% 0.35% 0.34% 0.59% 0.13%
Earnings Yield		 7.43% 6.04% 7.59% 5.64% 6.03% 8.44% 6.91% 4.92% 4.86% 2.85% 1.83%
Enterprise Value to Invested Capital (EV/IC)		 62.58 46.83 21.41 18.45 18.63 10.95 13.02 19.37 19.96 36.70 79.91
Enterprise Value to Revenue (EV/Rev)		 0.90 1.57 1.42 2.27 2.16 1.54 1.95 2.90 3.01 5.32 8.47
Enterprise Value to EBITDA (EV/EBITDA)		 7.20 10.71 8.41 12.39 11.72 7.75 9.68 14.21 14.41 25.99 41.48
Enterprise Value to EBIT (EV/EBIT)		 7.87 11.41 8.80 12.87 12.15 8.01 10.00 14.69 14.90 26.93 43.04
Enterprise Value to NOPAT (EV/NOPAT)		 9.88 14.50 11.38 16.84 15.57 10.36 12.91 18.98 19.18 34.64 55.36
Enterprise Value to Operating Cash Flow (EV/OCF)		 2.57 5.84 6.99 21.17 37.04 24.77 20.89 19.05 19.22 29.64 38.26
Enterprise Value to Free Cash Flow (EV/FCFF)		 2.79 6.46 7.92 29.51 65.15 44.86 32.92 24.99 25.85 37.24 45.31
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 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 Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -0.70 -0.76 -0.77 -0.77 -0.84 -0.81 -0.78 -0.74 -0.75 -0.75 -0.79
Leverage Ratio		 1.99 2.05 2.02 2.03 1.99 1.94 1.85 1.81 1.72 1.72 1.81
Compound Leverage Factor		 2.30 2.28 2.18 2.19 2.21 2.06 1.98 1.94 1.89 1.84 1.96
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%
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		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
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		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 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 EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 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 NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 3.44 4.40 4.80 6.02 6.37 5.51 5.94 7.21 8.01 10.90 11.87
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.58 1.62 1.76 1.81 1.92 2.00 2.06 2.09 2.29 2.25 1.97
Quick Ratio		 1.23 1.24 1.31 1.34 1.43 1.46 1.51 1.55 1.72 1.75 1.59
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 198 144 94 -16 -81 -80 -54 7.59 -7.47 31 88
Operating Cash Flow to CapEx		 6,793.36% 1,881.84% 1,009.61% -71.53% 1,693.56% 550.02% 925.97% 3,452.52% 2,150.71% 2,793.29% 1,539.11%
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		 1.16 1.18 1.23 1.20 1.23 1.19 1.13 1.08 1.11 1.06 0.95
Accounts Receivable Turnover		 4.78 4.80 5.01 4.81 5.84 5.60 5.62 5.12 5.82 5.14 4.03
Inventory Turnover		 9.47 9.16 9.27 9.87 9.83 9.10 8.87 9.14 8.99 9.03 8.80
Fixed Asset Turnover		 7.77 8.74 9.79 10.07 10.58 10.72 10.51 10.30 10.42 10.42 10.15
Accounts Payable Turnover		 13.29 9.84 9.84 11.35 13.46 10.09 10.56 11.09 13.74 10.58 10.60
Days Sales Outstanding (DSO)		 76.40 76.03 72.88 75.89 62.47 65.12 64.95 71.30 62.71 71.08 90.50
Days Inventory Outstanding (DIO)		 38.56 39.86 39.36 36.97 37.14 40.13 41.16 39.92 40.61 40.44 41.47
Days Payable Outstanding (DPO)		 27.46 37.08 37.09 32.17 27.11 36.18 34.57 32.93 26.57 34.52 34.45
Cash Conversion Cycle (CCC)		 87.49 78.80 75.15 80.69 72.50 69.07 71.53 78.30 76.76 77.00 97.52
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 11 28 63 125 123 152 162 165 168 164 123
Invested Capital Turnover		 7.71 9.94 10.69 10.62 15.83 12.00 9.63 7.62 7.66 7.16 8.14
Increase / (Decrease) in Invested Capital		 -177 -114 -52 59 112 124 99 41 45 12 -39
Enterprise Value (EV)		 687 1,332 1,342 2,301 2,290 1,666 2,107 3,200 3,354 6,025 9,799
Market Capitalization		 1,042 1,697 1,716 2,659 2,664 2,055 2,540 3,676 3,855 6,570 10,433
Book Value per Share		 $30.68 $32.90 $36.43 $40.30 $41.30 $44.87 $49.30 $53.09 $55.32 $58.40 $20.76
Tangible Book Value per Share		 $30.55 $32.78 $36.31 $40.17 $41.17 $44.75 $49.17 $52.08 $54.32 $57.44 $20.44
Total Capital		 366 394 437 483 496 541 595 641 669 709 756
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -355 -365 -374 -358 -373 -389 -433 -476 -501 -545 -634
Capital Expenditures (CapEx)		 1.24 0.90 1.36 8.38 2.19 4.07 5.12 1.77 2.03 1.83 6.51
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -108 -91 -57 -9.93 -8.13 16 20 9.80 18 16 -27
Debt-free Net Working Capital (DFNWC)		 247 275 317 348 365 406 453 485 518 561 607
Net Working Capital (NWC)		 247 275 317 348 365 406 453 485 518 561 607
Net Nonoperating Expense (NNE)		 -3.22 -3.38 -3.37 -3.33 -3.41 -2.64 -2.99 -3.27 -3.75 -3.12 -3.81
Net Nonoperating Obligations (NNO)		 -355 -365 -374 -358 -373 -389 -433 -476 -501 -545 -634
Total Depreciation and Amortization (D&A)		 1.64 1.72 1.71 1.80 1.76 1.72 1.74 2.05 2.15 2.18 2.17
Debt-free, Cash-free Net Working Capital to Revenue		 -14.14% -10.65% -6.00% -0.98% -0.77% 1.52% 1.83% 0.89% 1.58% 1.43% -2.34%
Debt-free Net Working Capital to Revenue		 32.22% 32.33% 33.54% 34.42% 34.47% 37.46% 41.87% 43.95% 46.54% 49.57% 52.40%
Net Working Capital to Revenue		 32.22% 32.33% 33.54% 34.42% 34.47% 37.46% 41.87% 43.95% 46.54% 49.57% 52.40%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.02 $2.79 $3.85 $3.85 $2.89 $3.84 $4.00 $4.25 $3.42 $1.26 $1.43
Adjusted Weighted Average Basic Shares Outstanding		 11.94M 11.99M 12.00M 11.98M 12.04M 12.07M 12.07M 12.06M 12.11M 36.43M 36.43M
Adjusted Diluted Earnings per Share		 $1.98 $2.75 $3.79 $3.77 $2.86 $3.81 $3.96 $4.23 $3.40 $1.25 $1.42
Adjusted Weighted Average Diluted Shares Outstanding		 12.17M 12.19M 12.21M 12.19M 12.15M 12.17M 12.18M 12.17M 12.16M 36.58M 36.60M
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		 11.97M 11.99M 11.99M 12.02M 12.06M 12.07M 12.07M 12.09M 12.14M 36.43M 36.43M
Normalized Net Operating Profit after Tax (NOPAT)		 21 30 43 43 31 44 45 48 38 43 48
Normalized NOPAT Margin		 10.75% 11.80% 14.87% 15.53% 12.99% 15.68% 15.80% 16.16% 14.98% 14.42% 15.51%
Pre Tax Income Margin		 15.40% 17.22% 21.44% 21.99% 16.33% 22.42% 22.39% 22.67% 18.73% 20.83% 22.17%
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		 16.08% 12.22% 9.67% 8.44% 7.92% 7.36% 7.31% 7.12% 6.89% 6.94% 6.82%
Augmented Payout Ratio		 16.08% 12.22% 9.67% 8.44% 7.92% 7.36% 7.31% 7.12% 6.89% 6.94% 6.82%

Financials Breakdown Chart

Key Financial Trends

Powell Industries has shown a dramatic step-up in profitability and cash generation over the last several years, with the latest quarter continuing that trend. Q2 2026 revenue rose to $296.6 million, up from $251.2 million in Q1 2026 and well above the comparable quarter a year earlier. Net income reached $45.9 million, while operating cash flow came in at $51.2 million, underscoring that earnings are being backed by real cash.

Over the broader four-year period, Powell has transformed from a modestly profitable industrial company into one with much stronger margins, a large cash balance, and a far healthier balance sheet. The company now holds more than $544.9 million in cash and short-term investments at quarter-end, giving it significant financial flexibility.

  • Revenue growth remains strong, with Q2 2026 sales of $296.6 million up from $241.4 million in Q1 2025 and $194.0 million in Q1 2024.
  • Net income stayed elevated at $45.9 million in Q2 2026, reflecting continued profitability.
  • Operating cash flow was solid at $51.2 million in Q2 2026, showing good conversion of earnings into cash.
  • The company ended Q2 2026 with $537.7 million in cash and equivalents plus $7.2 million in short-term investments, a very strong liquidity position.
  • Shareholders’ equity has expanded materially, reaching $709.1 million in Q2 2026 versus $496.3 million in Q1 2025 and $366.3 million in Q1 2024.
  • The business continues to generate positive free cash after capital spending, even while investing in property and equipment.
  • Gross profit improved to $87.9 million in Q2 2026, and operating income reached $57.6 million.
  • Earnings per share remain strong at $1.25 diluted in Q2 2026, far above the prior-year period levels.
  • Interest and investment income contributed $4.2 million in Q2 2026, supported by the company’s large cash holdings.
  • The company continues to pay dividends, with $0.09 per share in Q2 2026, indicating ongoing shareholder returns.
  • Accounts receivable rose to $238.3 million in Q2 2026 from $189.6 million in Q1 2026, which could pressure working capital if collections slow.
  • Total current liabilities increased to $447.3 million in Q2 2026, largely due to sizable deferred revenue obligations.
  • Operating margin was strong, but cost of revenue still consumed a large share of sales, with Q2 2026 cost of revenue at $208.7 million on $296.6 million of revenue.

Bottom line: Powell Industries appears to be in excellent financial shape. Revenue and earnings are growing, cash generation is strong, and the balance sheet is highly liquid. The main items to watch are working-capital trends and whether the company can keep converting its backlog and deferred revenue into sustained profit growth.

08/22/26 12:08 AM ETAI Generated. May Contain Errors.

Powell Industries Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Powell Industries' fiscal year ends in September. Their fiscal year 2025 ended on September 30, 2025.

Powell Industries' net income appears to be on an upward trend, with a most recent value of $180.75 million in 2025, rising from $9.44 million in 2015. The previous period was $149.85 million in 2024. Check out Powell Industries' forecast to explore projected trends and price targets.

Powell Industries' total operating income in 2025 was $217.86 million, based on the following breakdown:
  • Total Gross Profit: $324.38 million
  • Total Operating Expenses: $106.52 million

Over the last 10 years, Powell Industries' total revenue changed from $661.86 million in 2015 to $1.10 billion in 2025, a change of 66.9%.

Powell Industries' total liabilities were at $468.21 million at the end of 2025, a 5.2% increase from 2024, and a 245.4% increase since 2015.

In the past 10 years, Powell Industries' cash and equivalents has ranged from $36.58 million in 2018 to $450.74 million in 2025, and is currently $450.74 million as of their latest financial filing in 2025.

Over the last 10 years, Powell Industries' book value per share changed from 28.43 in 2015 to 53.09 in 2025, a change of 86.7%.


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Financial statements for NASDAQ:POWL last updated on 8/4/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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