POWLNasdaqSwitchgear & Switchboard ApparatusFiscal year ends September 30
POWELL INDUSTRIES INC
Financials through Q3 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 4, 2026
$165.76+0.62 (+0.38%)
Close on Oct 19, 2026
- Market cap
- $6.07B
- P/E (TTM)
- 31.8
- Dividend yield
- 0.21%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
29.4%+11.1 pts over 5 years
Operating margin
19.7%+16.0 pts over 5 years
Net margin
16.4%+13.2 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 | +9.1% | +27.5% | +16.3% | +5.3% | |
| Gross profit | +18.8% | +56.3% | +28.0% | +11.6% | |
| Operating income | +21.9% | +211.3% | +62.8% | +26.6% | |
| Net income | +20.6% | +136.1% | +61.1% | +34.3% | |
| EPS, diluted | +20.9% | +134.7% | +59.9% | +34.1% | |
| Free cash flow | +60.1% | – | +18.1% | – | |
| Dividend per share | +0.9% | +0.9% | +0.5% | +0.3% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 4.6% | 5.5% | 32.2% | |
| Return on assets | 3.3% | 3.5% | 17.7% | |
| Current ratio | 2.57 | 2.19 | 2.09 | |
| Debt to equity | 0.01 | 0.00 | – | |
| Net debt to EBITDA | – | -5.38× | – | |
| Interest coverage | 105.8× | 83.6× | – | |
| Inventory turnover | 15.5× | 14.6× | 9.1× | |
| Capex to revenue | 0.5% | 1.0% | 1.2% | |
| Diluted shares | 34M | 35M | 37M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Powell Industries generated $493.19M from operations and spent $100.64M on capital expenditure, dividends and share buybacks. 38% of that went back into the business.
Generated
$493.19M
Used
$100.64M
Capital expenditure$38.33M38%Dividends$62.30M62%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin16.4%
×Asset turnover1.08×
×Equity multiplier1.81×
=Return on equity, FY202532.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 16.4% | 1.08× | 1.81× | 32.2% |
| FY2024 | 14.8% | 1.20× | 2.03× | 36.2% |
| FY2023 | 7.8% | 1.12× | 1.94× | 17.0% |
| FY2022 | 2.6% | 1.15× | 1.55× | 4.6% |
| FY2021 | 0.1% | 1.04× | 1.49× | 0.2% |
| FY2020 | 3.2% | 1.10× | 1.55× | 5.5% |
| FY2019 | 1.9% | 1.15× | 1.49× | 3.3% |
| FY2018 | -1.6% | 1.06× | 1.36× | -2.3% |
| FY2017 | -2.4% | 0.90× | 1.34× | -2.9% |
| FY2016 | 2.7% | 1.21× | 1.39× | 4.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$180.75M
- Cash generatingOperating cash flow above zero$167.94M
- Return on assets improvedROA up on the prior year19.9% → 19.5%
- Earnings backed by cashOperating cash flow above net income$167.94M vs $180.75M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.81 → 2.09
- No dilutionShare count did not rise37M → 37M
- Gross margin improvedGross margin up on the prior year26.98% → 29.37%
- More efficientAsset turnover rose1.35 → 1.19