Friday 6 November 2026 Export POWL’s income statement to Excel — free account

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%

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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 Segments Valuation Filings

Powell Industries, Inc. (POWL) revenue by segment, product and region

Where the money comes from and where it goes

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 product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Oil and Gas Service	407 36.82%	417 41.21%	273 39.06%	215 40.41%	188 39.88%	195 37.65%	242 46.85%
Electric utility	279 25.26%	187 18.43%	158 22.65%	122 22.98%	111 23.64%	89 17.13%	85 16.43%
Commercial and other industrial	178 16.14%	150 14.81%	104 14.87%	56 10.60%	27 5.75%	—	—
Petrochemical	151 13.69%	186 18.33%	94 13.47%	67 12.49%	59 12.54%	127 24.44%	93 18.06%
All others	48 4.36%	51 5.05%	42 5.94%	27 5.08%	26 5.63%	65 12.61%	70 13.48%
Light rail traction power	41 3.74%	22 2.18%	28 4.02%	45 8.44%	59 12.56%	42 8.17%	27 5.18%
Revenue	1,104	1,012	699	533	471	518	517

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2013	FY2012	FY2011	FY2010
Reportable Segment	1,104 100.00%	1,012 100.00%	699 100.00%	—	—	—	—
Electrical Power Products	—	—	—	635 99.12%	687 99.40%	533 94.83%	517 93.89%
Process Control Systems	—	—	—	40 6.17%	31 4.43%	29 5.17%	34 6.11%
Eliminations	—	—	—	(34) (5.29%)	(26) (3.83%)	—	—
Revenue	1,104	1,012	699	641	691	562	551

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2013	FY2012	FY2011	FY2010
Reportable Segment	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡
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Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010
United States	880 79.71%	847 83.62%	558 79.78%	405 76.04%	351 74.68%	398 76.76%	407 78.62%	336 74.82%	279 70.56%	405 71.70%	474 71.62%	365 56.36%	374 58.43%	389 56.31%	379 67.37%	393 71.39%
Canada	157 14.23%	107 10.52%	84 12.02%	81 15.25%	69 14.59%	66 12.74%	64 12.44%	42 9.41%	46 11.50%	77 13.67%	101 15.29%	138 21.25%	113 17.69%	93 13.41%	—	—
Middle East and Africa	27 2.48%	13 1.33%	15 2.14%	21 3.89%	27 5.66%	18 3.50%	18 3.56%	38 8.58%	27 6.73%	40 7.13%	41 6.13%	84 13.02%	62 9.61%	80 11.55%	—	—
Europe	25 2.27%	31 3.10%	27 3.82%	18 3.32%	13 2.77%	16 3.06%	14 2.66%	11 2.35%	21 5.35%	26 4.64%	24 3.56%	35 5.39%	24 3.76%	25 3.60%	7 1.26%	25 4.57%
Asia/Pacific	9 0.84%	7 0.68%	6 0.88%	5 0.92%	9 1.89%	18 3.49%	11 2.21%	—	—	—	—	—	—	—	—	—
Mexico, Central and South America	5 0.46%	8 0.75%	9 1.34%	3 0.58%	2 0.41%	2 0.45%	3 0.52%	9 1.95%	19 4.88%	8 1.47%	10 1.58%	11 1.65%	32 4.98%	92 13.33%	113 20.08%	82 14.80%
Far East	—	—	—	—	—	—	—	13 2.89%	4 0.98%	8 1.40%	—	—	—	—	—	—
Segment Geographical Groups Of Countries Group Three	—	—	—	—	—	—	—	—	—	—	12 1.82%	15 2.34%	35 5.52%	12 1.80%	46 8.23%	26 4.70%
Segment, Geographical, Groups of Countries, Group Two [Member] (Deprecated 2013-01-31)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	17 3.05%	25 4.54%
Revenue	1,104	1,012	699	533	471	518	517	449	396	565	662	648	641	691	562	551

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Backlog	Q3 FY2026	$2.4B	$1.4B	+71.43%
Book-to-bill ratio	Q3 FY2026	3.0×	1.3×	+130.77%
New orders	Q3 FY2026	$934.0M	$362.0M	+158.01%
Remaining performance obligations	Q3 FY2026	$2.4B	$1.4B	+71.43%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023	Q2 FY2023	Q1 FY2023	Q4 FY2022	Q3 FY2022	Q2 FY2022	Q1 FY2022	Q4 FY2021	Q3 FY2021	Q2 FY2021	Q1 FY2021	Q4 FY2020	Q3 FY2020	Q2 FY2020	Q1 FY2020	Q4 FY2019	Q3 FY2019	Q2 FY2019	Q1 FY2019
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.