POWINasdaqSemiconductors & Related DevicesFiscal year ends December 31
POWER INTEGRATIONS INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$45.46+0.96 (+2.16%)
Close on Oct 19, 2026
- Market cap
- $2.58B
- P/E (TTM)
- 101.0
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
54.5%+4.6 pts over 5 years
Operating margin
2.3%−12.1 pts over 5 years
Net margin
5.0%−9.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +5.9% | -12.0% | -1.9% | +2.6% | |
| Gross profit | +7.5% | -13.0% | -0.2% | +3.4% | |
| Operating income | -43.1% | -61.6% | -32.1% | -12.5% | |
| Net income | -31.5% | -49.4% | -20.9% | -5.6% | |
| EPS, diluted | -30.4% | -48.9% | -19.7% | -5.1% | |
| Free cash flow | +36.4% | -20.9% | +9.6% | +0.8% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 10.3% | 9.3% | 3.1% | |
| Return on assets | 9.4% | 8.3% | 2.8% | |
| Current ratio | 7.24 | 9.62 | 6.51 | |
| Inventory turnover | 3.8× | 2.5× | 1.2× | |
| Capex to revenue | 3.1% | 14.5% | 5.5% | |
| Diluted shares | 59M | 61M | 56M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Power Integrations generated $704.67M from operations and spent $926.64M on capital expenditure, dividends and share buybacks. 16% of that went back into the business.
Generated
$704.67M
Used
$926.64M
Capital expenditure$149.05M16%Dividends$211.31M23%Share buybacks$566.29M61%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin5.0%
×Asset turnover0.55×
×Equity multiplier1.13×
=Return on equity, FY20253.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 5.0% | 0.55× | 1.13× | 3.1% |
| FY2024 | 7.7% | 0.51× | 1.10× | 4.3% |
| FY2023 | 12.5% | 0.54× | 1.10× | 7.4% |
| FY2022 | 26.2% | 0.70× | 1.11× | 20.5% |
| FY2021 | 23.4% | 0.73× | 1.11× | 19.1% |
| FY2020 | 14.6% | 0.57× | 1.11× | 9.3% |
| FY2019 | 46.0% | 0.60× | 1.11× | 30.9% |
| FY2018 | 16.8% | 0.69× | 1.13× | 13.0% |
| FY2017 | 6.4% | 0.73× | 1.12× | 5.3% |
| FY2016 | 12.5% | 0.75× | 1.10× | 10.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$22.09M
- Cash generatingOperating cash flow above zero$111.52M
- Return on assets improvedROA up on the prior year3.9% → 2.7%
- Earnings backed by cashOperating cash flow above net income$111.52M vs $22.09M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose9.29 → 6.51
- No dilutionShare count did not rise57M → 56M
- Gross margin improvedGross margin up on the prior year53.64% → 54.49%
- More efficientAsset turnover rose0.51 → 0.54