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Saturday 17 October 2026 Export PPSI’s income statement to Excel — free account

Pioneer Power Solutions, Inc.

PPSI Industrials Electrical Equipment & Parts

In the quarter to June 2026, revenue fell 40.0%, EPS fell 58.3%, free cash flow grew 50.6% and total debt fell 44.1%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

2.71 0.08 −2.87%
Market cap
$31.0M
P/E
0.0×
Fwd P/E
−9.0×
Dividend yield
0.00%
F-score
3/9
Altman Z
5.76
Beneish M
−1.46
Dividend safety
20/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.03
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy 1 — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 22.49%

Capital & Financial Ratios $m

Market Cap 30.97
Revenue 21.80
Net Income (8.31)
Free Cash Flow (7.68)
Net Debt (10.51)
Current Ratio 4.11 (at or above 1.5: strong)
Debt/Equity 0.01 (at or below 0.5: strong)
P/E ratio 0.00
Fwd P/E (9.03) (negative: loss-making)
P/S ratio 1.38
P/B ratio 1.21
Past 5Y EPS Growth —
This Y EPS Growth (3.45%) (below 0%: weak)
Next Y EPS Growth 71.67% (at or above 15%: strong)
Next Y revenue growth (12.98%) (below 0%: weak)
Next 5Y EPS Growth 44.22% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.9×, against a ten-year median of 0.9×; over the ten years it ranged from −37.5× in 2019 to 7.1× in 2024.
P/S against its own 10 years 52.25%
10-year low 10-year high
P/B against its own 10 years 14.26%
10-year low 10-year high
EV/Sales against its own 10 years 44.93%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate 0.00
Annual Dividend Yield 0.00%
total individual payouts
2021 0.00
0.12
2020 Powerpack
2019 1.37
1.37
2018 Powerpack
2017 Powerpack
special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 4 42 15 11
Receivables 1 8 3 4
Inventory 3 6 6 7
Other 14 — — —
28 57 26 23
2023 2024 2025 Q'26
Payables 8 5 4 4
ST’ Debt — — — —
Other 9 3 — —
18 30 5 6

Compound Annual Growth %

10y 5y 3y
Sales (12.62%) 7.23% 2.20%
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value 0.68% 16.17% 24.61%

Revenue $m

Mar Jun Sep Dec Year
’26 4 5 — — —
’25 7 8 7 6 28
’24 3 3 6 10 23
’23 10 12 11 — 11
’22 6 5 6 8 26
’21 4 6 6 3 18
’20 5 5 4 5 19
Fiscal quarters ending in the months shown.
value withheld pending a data check

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (1) (3) — — —
’25 2 (5) (1) (1) (6)
’24 (2) 1 (3) (2) (6)
’23 2 (1) (1) (4) (4)
’22 2 (4) (2) (2) (6)
’21 (1) 1 (1) (2) (3)
’20 (1) 0 0 (2) (4)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (1) (3) — — —
’25 1 (6) (2) (2) (8)
’24 (2) 0 (3) (5) (10)
’23 1 (2) (2) (4) (6)
’22 2 (4) (3) (3) (7)
’21 (1) 0 (1) (2) (3)
’20 (1) 0 0 (2) (4)
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 (0.23) (0.19) — — —
’25 (0.09) (0.12) (0.21) (0.12) (0.54)
’24 (0.10) (0.21) (0.10) 3.32 2.90
’23 0.08 0.08 0.10 (0.44) (0.19)
’22 (0.08) (0.26) (0.13) (0.09) (0.56)
’21 0.04 (0.08) (0.05) (0.16) (0.24)
’20 (0.33) (0.08) 0.15 (0.09) (0.34)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 2.78 5.60 4.40 2.12 0.90 3.09 2.33 2.52 3.35 2.25

Analyst estimates 2026–2028

Powerpack
High 6.38 9.40 7.95 6.76 9.43 14.43 8.95 9.84 7.00 5.70
People
People Employees 415 404 365 95 94 91 99 143 60 58
Revenue/emp, $m 0.24 0.28 0.06 0.22 0.21 0.20 0.26 0.08 0.38 0.48
Income, $m
Income, $m Revenue 100 114 20 21 19 18 26 11 23 28
Gross margin, % 22.23 15.51 9.41 5.66 4.52 7.61 10.92 20.02 24.10 12.40
EBT 2 (6) (10) (11) (3) (2) (5) (6) (5) (6)
EBT margin, % 2.39 (5.41) (50.21) (52.27) (15.30) (11.92) (20.91) (56.49) (20.84) (23.07)
Net income (1) (9) (6) (1) (3) (2) (5) (2) 32 (6)
Depreciation 3 5 3 4 0 1 1 1 1 1
Per share, $
Per share, $ Revenue 11.45 13.12 2.31 2.36 2.23 2.07 2.66 1.12 2.13 2.49
Earnings (0.07) (1.07) (0.65) (0.17) (0.34) (0.24) (0.56) (0.19) 2.97 (0.54)
Cash flow (1.09) 0.20 0.25 (0.64) (0.41) (0.36) (0.59) (0.39) (0.58) (0.52)
Capex (0.07) (0.16) 0.02 (0.02) 0.00 (0.03) (0.16) (0.25) (0.35) (0.24)
Free cash flow (1.16) 0.03 0.27 (0.66) (0.41) (0.39) (0.75) (0.65) (0.93) (0.76)
Book value 3.01 2.01 1.37 1.93 1.59 2.21 1.56 1.44 3.30 2.64
Shares, m 9 9 9 9 9 9 10 10 11 11
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.39 0.00
P/S 0.52 0.58 2.28 0.96 1.73 3.63 1.00 5.62 1.94 1.90
P/B 1.99 3.75 3.83 1.18 2.44 3.40 1.71 4.40 1.25 1.79
EV/Sales 0.79 0.82 3.49 0.63 1.42 3.02 0.66 5.35 0.14 1.38
EV/FCF (7.84) 344.76 30.16 (2.26) (7.33) (16.11) (2.35) (9.31) (0.32) (4.48)
Cash, $m
Cash, $m Operating cash flow (9) 2 2 (6) (4) (3) (6) (4) (6) (6)
Capex (1) (1) 0 0 — 0 (2) (2) (4) (3)
Free cash flow (10) 0 2 (6) (4) (3) (7) (6) (10) (8)
Balance, $m
Balance, $m Working capital 2 (2) (5) 11 8 19 12 9 27 21
Total debt 27 28 25 0 1 1 0 0 0 0
Net debt 27 28 24 (9) (6) (11) (10) (3) (42) (15)
Shareholders’ equity 26 18 12 17 14 20 15 14 35 29
Returns, %
Returns, % ROA (1.47) (12.17) (7.72) (2.04) (12.00) (8.81) (17.12) (5.55) 64.37 (11.83)
ROIC 4.20 (4.55) (15.72) (91.06) (34.75) (28.51) (68.85) (40.29) 0.00 (28.28)
ROE (3.97) (42.17) (38.40) (7.17) (19.45) (12.97) (31.23) (12.92) 128.33 (18.53)
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Pioneer Power Solutions, 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
CBAT China BAK Battery, Inc. $101.1M — (loss-making) — (loss-making) +99.26% (above 0%: growing) n/m +147.06% (above 0%: growing) 1.49% (13.93%) Compare
OESX Orion Energy Systems, Inc. $95.1M — (loss-making) 20.0× +31.51% (above 0%: growing) n/m +336.14% (above 0%: growing) 34.62% 8.20% Compare
RFIL RF Industries, Ltd. $79.4M 31.2× 50.1× +21.07% (above 0%: growing) +225.00% (above 0%: growing) +453.33% (above 0%: growing) 35.63% 7.34% Compare
TGEN Tecogen Inc. $67.9M — (loss-making) — (loss-making) −21.23% (below 0%: shrinking) n/m +11.86% (above 0%: growing) 37.83% (37.42%) Compare
NVX NOVONIX Limited Sponsored ADR $54.4M — (loss-making) — (loss-making) +76.13% (above 0%: growing) n/m −1.34% (below 0%: shrinking) (431.26%) 0.00% Compare
STI Solidion Technology Inc. $40.9M — (loss-making) — +3,022.50% (above 0%: growing) n/m −278.65% (below 0%: shrinking) 100.00% (1,094.72%) Compare
PPSI Pioneer Power Solutions, Inc. $31.0M — (loss-making) — (loss-making) −40.04% (below 0%: shrinking) n/m +50.61% (above 0%: growing) 19.61% (39.95%)
APWC Asia Pacific Wire & Cable Corporation Limited $26.6M 4.5× 7.6× +7.68% (above 0%: growing) −66.67% (below 0%: shrinking) −16.24% (below 0%: shrinking) 8.06% 2.49% Compare
PITEF Heramba Electric PLC $11.1M — (loss-making) — — n/m −3.60% (below 0%: shrinking) — — Compare
Median of peers $61.2M — 20.0× +31.51% — +5.26% 34.62% 0.00%

All 52 Electrical Equipment & Parts stocks →

Pioneer Power Solutions, Inc. (PPSI) key facts

  • Pioneer Power Solutions, Inc. (PPSI) is an Electrical Equipment & Parts company in the Industrials sector, listed on Nasdaq.
  • As of October 16, 2026, PPSI traded at $2.71, a market capitalization of $31.0 million.
  • Return on equity was −18.5% and debt-to-equity 0.01.
  • Its Piotroski F-score is 3 out of 9 and its Altman Z-score is 5.76 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Pioneer Power Solutions, Inc. (PPSI) Latest News

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stockrow.com/PPSI · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com