Powell Industries Inc (POWL) Financial Statements
Industry: Switchgear & Switchboard Apparatus
In fiscal 2025, Powell Industries reported revenue of $1.10B, up 9.1% from $1.01B the year before. Net income was $180.7M (a 16.4% net margin), or $4.95 per diluted share. Gross margin was 29.4% and operating margin was 19.7%. Operating activities generated $167.9M of cash, leaving $154.8M of free cash flow. At fiscal year end, Powell Industries held $1.11B in total assets against $468.2M in total liabilities, including $450.7M of cash and equivalents.
Open the full interactive Powell Industries financials → Quarterly statements, key ratios, valuation history and price charts.
Powell Industries Key Stats
| Share Price | $182.79 |
|---|---|
| Market Cap | $6.69B |
| P/E Ratio | 36.9 |
| Revenue YoY Growth | +9.1% |
| 52-Week Range | $93.90 – $321.80 |
| Shares Outstanding | 36.4 million (basic, 2026 Q3) |
Powell Industries Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $518.5M | $470.6M | $532.6M | $699.3M | $1.01B | $1.10B |
| Cost of Goods Sold | $423.9M | $395.5M | $447.6M | $551.8M | $739.3M | $779.9M |
| Gross Profit | $94.6M | $75.1M | $85.0M | $147.6M | $273.1M | $324.4M |
| Operating Income | $19.1M | $1.0M | $7.2M | $62.5M | $178.8M | $217.9M |
| Pre-Tax Income | $20.3M | $1.1M | $9.8M | $69.0M | $196.1M | $233.6M |
| Income Tax | $3.7M | $461,000 | -$3.9M | $14.4M | $46.2M | $52.8M |
| Net Income | $16.7M | $631,000 | $13.7M | $54.5M | $149.8M | $180.7M |
| Diluted EPS | $0.47 | $0.02 | $0.38 | $1.50 | $4.10 | $4.95 |
Powell Industries Quarterly Results
| 2025 Q4 | 2026 Q1 | 2026 Q2 | 2026 Q3 | |
|---|---|---|---|---|
| Revenue | $298.0M | $251.2M | $296.6M | $311.7M |
| Net Income | $51.4M | $41.4M | $45.9M | $52.2M |
| Diluted EPS | $4.23 | $1.13 | $1.25 | $1.42 |
Powell Industries Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $160.2M | $114.3M | $102.0M | $245.9M | $315.3M | $450.7M |
| Current Assets | $335.7M | $302.5M | $370.0M | $622.0M | $776.5M | $931.7M |
| Total Assets | $472.3M | $436.2M | $493.4M | $752.2M | $928.2M | $1.11B |
| Current Liabilities | $152.9M | $121.2M | $186.4M | $395.7M | $428.0M | $446.4M |
| Total Long-Term Debt | $800,000 | $800,000 | — | — | — | — |
| Total Liabilities | $165.7M | $135.0M | $196.2M | $407.2M | $445.1M | $468.2M |
| Shareholders' Equity | $306.6M | $301.2M | $297.2M | $345.0M | $483.1M | $640.8M |
Powell Industries Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $72.4M | -$30.5M | -$3.6M | $182.6M | $108.7M | $167.9M |
| Cash From Investing | -$17.5M | -$2.5M | $6.5M | -$26.6M | -$21.9M | -$8.3M |
| Cash From Financing | -$13.1M | -$13.2M | -$13.3M | -$13.1M | -$19.3M | -$25.1M |
| Free Cash Flow | $67.3M | -$33.4M | -$6.0M | $174.7M | $96.7M | $154.8M |
Figures from Powell Industries' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Powell Industries financials page for every line item.
Powell Industries Company Profile
| Ticker | POWL |
|---|---|
| Exchange | Nasdaq |
| Industry | Switchgear & Switchboard Apparatus |
| Headquarters | Houston, Texas |
| Incorporated in | Nevada |
| Fiscal Year End | September 30 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000080420 |
Frequently Asked Questions
What was Powell Industries' revenue in fiscal 2025?
Powell Industries (POWL) reported revenue of $1.10B for fiscal 2025.
What is Powell Industries' annual revenue history?
Powell Industries' annual revenue by fiscal year: 2020: $518.5M; 2021: $470.6M; 2022: $532.6M; 2023: $699.3M; 2024: $1.01B; 2025: $1.10B.
What was Powell Industries' net income in fiscal 2025?
Powell Industries reported net income of $180.7M for fiscal 2025.
What was Powell Industries' earnings per share (EPS) in fiscal 2025?
Powell Industries' diluted EPS was $4.95 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Powell Industries generate in fiscal 2025?
Powell Industries generated $154.8M of free cash flow in fiscal 2025.
What was Powell Industries' revenue last quarter?
In its most recent reported quarter (2026 Q3), Powell Industries reported revenue of $311.7M.
How many shares of Powell Industries are outstanding?
Powell Industries reported a weighted average of 36.4 million basic shares outstanding in 2026 Q3.
What is Powell Industries' market cap?
Based on its latest closing price, Powell Industries (POWL) has a market capitalization of about $6.69B.
When does Powell Industries' fiscal year end?
Powell Industries' fiscal year end, as registered with the SEC, is September 30.
Where is Powell Industries headquartered?
Powell Industries lists its business address in Houston, Texas in its SEC filings.