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Powell Industries, Inc.

POWL Industrials Electrical Equipment & Parts

Powell Industries, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $1.1 billion, up 9.08% from fiscal 2024.

Revenue
+8.90%
EPS
+7.25%
Free cash flow
+121.7%

Quarter to June 2026, against a year earlier

126.73 16.37 −11.44%
Market cap
$4.6B
P/E
24.1×
Fwd P/E
29.1×
Dividend yield
0.28%
F-score
5/9
Altman Z
7.68
Beneish M
−2.36
Dividend safety
86/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2025

  • Reportable Segment

Every year since 2010 →

Insider Decisions last twelve months

Sold, $m 69.46
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 2 — 6 3 1 4 3 2 2 2 1 —
Insider Ownership 21.31%

Capital & Financial Ratios $m

Size
Market Cap 4,560.00
Revenue ttm 1,157.52
Net income ttm 190.86
Free cash flow ttm 243.98
Net debt Q (633.56)
Valuation
P/E 24.14
Forward P/E 29.10
Price / sales 3.99
Forward P/S Powerpack
Price / FCF 18.92
Price / book 6.11 (above 6: high)
Financial health
Current ratio Q 1.97 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q (10.03)
Growth
Revenue growth Q +8.90% (above 0%: growing)
Operating income growth Q +6.57% (above 0%: growing)
EPS, this year +8.71%
EPS, next year A +27.82% (at or above 15%: strong)
Revenue, next year A +7.85%
EPS, past 5 yrs +59.94% (at or above 15%: strong)
EPS, next 5 yrs A +18.52% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 3.4×, against a ten-year median of 0.6×; over the ten years it ranged from 0.2× in 2020 to 8.7× in 2026.
P/E against its own 10 years 41.52%
10-year low 10-year high
P/S against its own 10 years 91.86%
10-year low 10-year high
P/B against its own 10 years 88.45%
10-year low 10-year high
EV/Sales against its own 10 years 91.53%
10-year low 10-year high
EV/FCF against its own 10 years 63.24%
10-year low 10-year high

Dividends raised 3 years running

Yield
0.28%
Annual rate
0.36
Payout ratio
6.89%
Growth, 2017–25
+0.36%/yr
  1. 0.35 ’17
  2. 0.35 ’18 +0
  3. 0.35 ’19 +0
  4. 0.35 ’20 +0
  5. 0.35 ’21 +0
  6. 0.35 ’22 +0
  7. 0.35 ’23 +1
  8. 0.35 ’24 +1
  9. 0.36 ’25 +1
  10. 0.36 ’26e +0
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 279 358 476 634
Receivables 207 214 217 362
Inventory 64 86 85 95
Other 67 110 144 127
622 776 932 1,231
2023 2024 2025 Q'26
Payables 57 74 67 87
ST’ Debt — — — —
Other 298 305 322 496
396 428 446 625

Compound Annual Growth %

10y 5y 3y
Sales 5.25% 16.32% 27.52%
Cash Flow 29.24% 18.33% 0.00%
Earnings 34.34% 61.09% 136.08%
Book Value 6.76% 15.88% 29.19%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 1.49 Actual 1.42

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 1.25 1.41 Beat by 0.16
Q1 FY26 0.95 1.13 Beat by 0.18
Q2 FY26 1.34 1.25 Miss by 0.09
Q3 FY26 1.49 1.42 Miss by 0.07
Q4 FY26 1.52 — Reports 17 November 2026

EPS $

Dec Mar Jun Sep Year
’26 1.13 1.25 1.42 — —
’25 0.95 1.27 1.32 1.41 4.95
’24 0.66 0.92 1.26 1.26 4.10
’23 0.03 0.23 0.51 0.72 1.50
’22 (0.08) (0.03) 0.25 0.24 0.38
’21 (0.01) (0.01) (0.06) 0.09 0.02
’20 0.08 0.21 0.10 0.08 0.47
Fiscal quarters ending in the months shown.

Revenue $m

Dec Mar Jun Sep Year
’26 251 297 312 — —
’25 241 279 286 298 1,104
’24 194 255 288 275 1,012
’23 127 171 192 209 699
’22 107 128 135 163 533
’21 107 119 116 129 471
’20 134 152 118 115 518
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Dec Mar Jun Sep Year
’26 44 51 100 — —
’25 37 22 47 61 168
’24 84 17 14 (6) 109
’23 (1) 56 50 77 183
’22 (28) 15 (15) 24 (4)
’21 (25) 7 (22) 9 (30)
’20 2 5 46 19 72
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Dec Mar Jun Sep Year
’26 42 49 94 — —
’25 35 18 42 59 155
’24 82 16 12 (14) 97
’23 (3) 55 49 73 175
’22 (28) 15 (15) 24 (5)
’21 (26) 6 (22) 9 (33)
’20 0 4 45 18 67
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 3.3% a year for ten years. It grew 21.4% a year over the last ten.

Implied
3.3%
10 years, reported
21.4%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to September

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 565 396 449 517 518 471 533 699 1,012 1,104 1,158 +7.7% 1,191 1,483 1,720 +15.9%
Gross margin, % 18.79 12.82 14.56 16.82 18.24 15.95 15.96 21.10 26.98 29.37 30.08 +10.6 pt
EBT 18 (17) (8) 12 20 1 10 69 196 234 245 +33.1%
EBT margin, % 3.15 (4.27) (1.72) 2.38 3.92 0.23 1.85 9.86 19.37 21.15 21.21 +18.0 pt
Net income 16 (9) (7) 10 17 1 14 55 150 181 191 +31.4%
Per share, $
Per share, $ Revenue 16.53 11.52 13.00 14.90 14.87 13.40 15.05 19.62 28.16 30.52 31.77 +7.1%
Earnings 0.45 (0.28) (0.21) 0.28 0.48 0.02 0.39 1.53 4.17 4.99 5.25 +30.6%
Cash flow 2.19 1.07 (0.83) 1.98 2.08 (0.87) (0.10) 5.12 3.02 4.64 7.03 +8.7%
Capex (0.08) (0.11) (0.13) (0.12) (0.15) (0.08) (0.05) (0.22) (0.34) (0.36) (0.33) +17.7%
Free cash flow 2.11 0.97 (0.95) 1.86 1.93 (0.95) (0.15) 4.90 2.69 4.28 6.70 +8.2%
Book value 9.80 9.35 8.74 8.62 8.79 8.58 8.40 9.68 13.44 17.71 20.76 +6.8%
Shares, m 34 34 35 35 35 35 35 36 36 36 36 +0.6%
Valuation, ×
Valuation, × P/E 29.45 0.00 0.00 46.05 16.75 411.56 18.02 18.13 17.76 20.33 24.14 57.8
P/S 0.81 0.87 0.89 0.88 0.54 0.61 0.47 1.41 2.63 3.33 3.99 1.2
P/B 1.36 1.07 1.33 1.51 0.91 0.95 0.84 2.86 5.51 5.74 6.11 2.2
EV/Sales 0.64 0.60 0.74 0.64 0.20 0.33 0.25 1.01 2.27 2.90 3.44 1.0
EV/FCF 5.01 7.10 (10.14) 5.11 1.52 (4.63) (24.63) 4.05 23.85 20.68 16.33 2.8
Cash, $m
Cash, $m Operating cash flow 75 37 (29) 69 72 (30) (4) 183 109 168 256 +9.4%
Capex (3) (4) (4) (4) (5) (3) (2) (8) (12) (13) (12) +18.5%
Free cash flow 72 33 (33) 65 67 (33) (5) 175 97 155 244 +8.9%
Balance, $m
Balance, $m Working capital 186 164 159 171 183 181 184 226 348 485 607 +11.3%
Net debt (95) (108) (67) (123) (178) (134) (117) (279) (358) (476) (634) +19.6%
Shareholders’ equity 335 321 302 299 307 301 297 345 483 641 756 +7.5%
Returns, %
Returns, % ROA 3.33 (2.16) (1.69) 2.20 3.55 0.14 2.96 8.75 17.83 17.74 15.59 +14.4 pt
ROIC 4.10 (5.67) (2.43) 4.08 9.28 0.38 2.50 59.19 89.62 82.40 116.04 +78.3 pt
ROE 4.64 (2.89) (2.30) 3.29 5.50 0.21 4.59 16.98 36.19 32.17 28.25 +27.5 pt
People
People Employees 2,323 1,841 1,985 2,312 2,146 2,073 2,171 2,725 3,187 3,458 — +4.5%
Revenue/emp, $m 0.24 0.22 0.23 0.22 0.24 0.23 0.25 0.26 0.32 0.32 — +3.1%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

Business profile

Updated

Powell Industries designs, makes and services custom electrical equipment that distributes and controls power and protects equipment such as motors and transformers. Founded in 1947, the company is headquartered in Houston and led by President and Chief Executive Officer Brett A. Cope.

Its products include switchgear, which controls and protects electrical circuits, and circuit breakers, which interrupt power when needed. Powell also combines equipment into power control rooms and electrical houses: custom-built enclosures that bring several electrical systems together for a particular project. Its monitoring and communications systems help customers manage electrical equipment.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
Reportable Segment 1,104 100.00%
Gross margin 29.37%
Operating margin 19.73%
Pre-tax margin 21.15%

Revenue by segment since 2010

Powell Industries, Inc. vs peers in Electrical Equipment & Parts (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
NVT nVent Electric PLC $15.9B 23.5× 28.0× +43.73% (above 0%: growing) +66.67% (above 0%: growing) +33.08% (above 0%: growing) 35.84% 18.63% Compare
AYI Acuity, Inc. $9.6B 18.4× 18.4× +2.92% (above 0%: growing) +55.53% (above 0%: growing) +61.06% (above 0%: growing) 53.85% 18.24% Compare
AEIS Advanced Energy Industries, Inc. $7.5B 25.4× 26.9× +50.31% (above 0%: growing) +134.96% (above 0%: growing) −33.07% (below 0%: shrinking) 41.51% 20.56% Compare
FPS Forgent Power Solutions, Inc. $5.5B — — +94.30% (above 0%: growing) — +188.32% (above 0%: growing) 36.11% 19.91% Compare
ENS Enersys $5.1B 14.9× 14.3× +4.77% (above 0%: growing) +115.54% (above 0%: growing) +881.05% (above 0%: growing) 33.49% 16.18% Compare
POWL Powell Industries, Inc. $4.6B 24.1× 29.1× +8.90% (above 0%: growing) +7.25% (above 0%: growing) +121.73% (above 0%: growing) 30.57% 20.55%
HAYW Hayward Holdings, Inc. $3.4B 20.5× 22.2× +6.47% (above 0%: growing) +38.91% (above 0%: growing) −51.02% (below 0%: shrinking) 47.92% 19.30% Compare
PLUG Plug Power, Inc. $1.9B — (loss-making) — (loss-making) +2.49% (above 0%: growing) n/m +56.89% (above 0%: growing) (0.94%) (35.96%) Compare
ENR Energizer Holdings, Inc. $1.7B 20.5× — (loss-making) +1.21% (above 0%: growing) −73.15% (below 0%: shrinking) −111.39% (below 0%: shrinking) 38.22% 12.22% Compare
Median of peers $5.3B 20.5× 22.2× +5.62% +61.10% +44.98% 37.17% 18.44%

All 55 Electrical Equipment & Parts stocks →

From the latest earnings call

Updated

  • CEO Brett Cope said third-quarter orders included a data center award exceeding $400 million, alongside fertilizer and LNG project awards.
  • Cope said Powell is adding manufacturing capacity to handle backlog growth, while CFO Michael Metcalf expects revenue to remain uneven between quarters.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 75.12%
Held by the ten largest 37.16%
Holder Shares Stake Change
BlackRock 3.61m 9.91% +2.20m
Vanguard 3.07m 8.43% +2.18m
First Trust 1.43m 3.92% +910.43k
Dimensional Fund Advisors 974.94k 2.68% +651.35k
State Street 955.99k 2.62% +593.55k
Invesco 769.54k 2.11% +527.73k
Morgan Stanley 768.11k 2.11% +496.11k
Fisher Investments 731.62k 2.01% +474.70k
Geode Capital Management 668.80k 1.84% +425.94k
Jane Street 562.66k 1.54% +408.25k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 6 January 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 3.60m 9.18m 1,340.31
2024 3.44m 14.89m 971.27
2023 2.92m 9.64m 359.76
2022 2.28m 2.07m 89.31

Ownership

Directors and executive officers, together 2.20%
Thomas W. Powell P.O. Box 19.10%
BlackRock, Inc. 11.40%
First Trust Advisors L.P., First Advisors Portfolio L.P. and The Charger Corporation 5.90%
Vanguard Group, Inc. PO Box 5.80%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Powell Industries, Inc. (POWL) Latest News

23 Oct

Impact 3 · · Trefis

22 Oct

Impact 3 · · Zacks

20 Oct

Impact 3 · · Zacks

14 Oct

Impact 3 · · Zacks

8 Oct

Impact 3 · · Simply Wall St.
Impact 3 · · Zacks
Impact 3 · · Simply Wall St.

7 Oct

Impact 3 · · Trefis

6 Oct

Impact 3 · · Zacks

5 Oct

Impact 3 · · StockStory

2 Oct

Impact 3 · · Zacks

25 Sep

Impact 3 ·

22 Sep

Impact 3 ·

17 Sep

Impact 3 ·

5 Sep

Impact 3 ·

26 Aug

Impact 4 · · 24/7 Wall St.
Impact 4 · · MarketBeat

14 Aug

Impact 4 · · 24/7 Wall St.

11 Aug

Impact 3 ·

10 Aug

Impact 4 · · The Motley Fool transcript

5 Aug

Impact 4 ·
Impact 4 ·

4 Aug

Impact 4 ·
Impact 4 · transcript
Impact 3 · · MarketBeat
Impact 3 ·
Impact 3 · · Moby transcript

3 Aug

Impact 3 ·
Impact 3 ·

2 Aug

Impact 3 ·

POWL metrics, ten years each

stockrow.com/POWL · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com