Deswell Industries vs Kimball Electronics
Kimball Electronics is the larger business, with $1.43bn of revenue in fiscal 2026 against $61.3m for Deswell Industries (23.3 times as much). Kimball Electronics grew faster (-3.7% against -9.3%). Deswell Industries kept more of each dollar of sales as profit: a net margin of 17.3% against 2.0%. Deswell Industries carries less debt relative to equity (0.0% against 21.3%).
| Latest fiscal year | Deswell IndustriesDSWL, 2026 | Kimball ElectronicsKE, 2026 |
|---|---|---|
| Revenue | $61.3m | $1.43bn |
| Revenue growth | -9.3% | -3.7% |
| Net income | $10.6m | $28.0m |
| Operating margin | 3.2% | 4.6% |
| Net margin | 17.3% | 2.0% |
| Return on equity | 10.0% | 4.8% |
| Free cash flow | $4.7m | $20.8m |
| Cash | $23.1m | $88.9m |
| Total debt | $0 | $124m |
| Debt to equity | 0.0% | 21.3% |
| Dividend per share | — | — |
| Dividend yield | 7.0% | — |
| Share buybacks | — | $11.9m |
| Employees | — | 5,600 |
| Market value | $45.7m | $645m |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | 20 (Weak) | 47 (Moderate) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 0 sales |