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Deswell Industries Inc (DSWL) stock

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NASDAQ: DSWL Nasdaq Electronic Manufacturing Services

C+ Fundamentals grade

Deswell Industries Inc is a US-listed company in the electronic manufacturing services industry. Its financial year ends in March.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: our cash-flow value ($13.14) is 4.66x the share price ($2.82); a gap this wide almost always means a data problem.

Price vs value

Under review: our cash-flow value ($13.14) is 4.66x the share price ($2.82); a gap this wide almost always means a data problem. We'll show the comparison once resolved.

Deswell Industries Inc valuation: adjust assumptions and compare models →

Value diary

Our note on each quarter Deswell Industries files

Where Deswell Industries stands after its latest Filing

Revenue for the twelve months was $61m, down 9.3% on a year earlier, a steeper fall than the 2.5% decline a quarter earlier. That puts it 11 of 12 for growth among the electronic manufacturing services companies we cover. Free-cash-flow margin rose to 7.7% from -2.0% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 2 of our 2 financial-health checks.

Our model value for Deswell Industries is under review, so past values are not shown until it is resolved.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Deswell Industries Inc's trailing-twelve-month revenue fell 9.3% year on year, with a free-cash-flow margin of 7.7%. Where it stands out: net margin of 17.3% ranks 1 of 12 electronic manufacturing services companies we cover. Where it lags: change in growth rate of -6.8pp ranks 12 of 12 electronic manufacturing services companies we cover.

Our discounted-cash-flow model values the business at ~$13 per share in the base case (~$11–$16 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 64.3% while net income fell 4.6%: a 60pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Net cash. Cash exceeds long-term debt by $0.0bn.

Things to watch

  • Revenue shrinking. Revenue fell 9.3% over the last 12 months.
  • Growth slowing. The growth rate is 6.8 points lower than a quarter earlier.
  • Weak cash conversion. Free cash flow was 44% of net income over the last 12 months.
  • Below peers: operating margin. Operating margin of 3.2% ranks 10 of 12 electronic manufacturing services companies we cover (median 4.7%).

Latest results

Deswell Industries' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-1.7%
  • 1 week-4.7%
  • 1 month-7.2%
  • This year-10.7%
  • 1 year-7.7%
  • 5 years+3.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$61.3M
Operating margin
3.2%
Net margin
17.3%
EPS (TTM, diluted)
$0.67

Growth

Revenue growth
−9.3%
Change in growth rate
−6.8 pts
Share count change
−0.2%

Cash

Free cash flow (TTM)
$4.7M
FCF margin
7.7%

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for DSWL from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Deswell Industries Inc valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: our cash-flow value ($13.14) is 4.66x the share price ($2.82); a gap this wide almost always means a data problem.

Our value per share comes from a discounted-cash-flow model of Deswell Industries Inc's free cash flow after stock-based pay ( $9.5M, FY2026 Q4 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Deswell Industries Inc as an operating company, with every model that fits that kind of business. Cost of equity 9.7%: the 10-year Treasury yield (4.9%) plus a beta of 1.05 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$13 ~$11–$16 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$18 ~$16–$20 Left out: out of range vs price (6.35x)
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$5.9 ~$4.3–$8.2 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$5.4 ~$4.7–$6.4 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Deswell Industries Inc with Electronic Manufacturing Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026
Share price$0.94$1.15$1.90$1.82$1.40$2.37$2.56$1.97$1.80$2.05$2.76
Market value$15m$18m$30m$29m$22m$38m$41m$32m$29m$33m$44m
+ Net debt (− = net cash)−$12m−$8m−$15m−$14m−$23m−$20m−$13m−$22m−$16m−$28m−$23m
Enterprise value$3m$10m$15m$15m−$277368$18m$28m$10m$13m$5m$21m
Multiples
Price / sales 0.3x0.4x0.5x0.4x0.3x0.6x0.5x0.4x0.4x0.5x0.7x
Price / earnings —13.4x4.9x6.9x—4.6x5.0x15.4x3.7x2.9x4.1x
Price / free cash flow ——7.6x22.7x1.8x13.9x—2.6x2.2x2.5x9.3x
EV / EBITDA —n/m3.9x5.6xn/m3.5x6.2x2.1x2.4x0.9x6.0x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

20 /100

Weak moat

How hard Deswell Industries's competitive advantage looks for rivals to wear away, judged from 5 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Pricing power 6 / 20

    Gross margin has been a median 16.0%, moving by 4.3 percentage points (standard deviation) across 5 years.

  • Durability 0 / 20

    Operating margin has been a median 3.0%; its worst year was -16.7%.

  • Cash conversion 9 / 20

    Free cash flow was positive in 3 of 5 years, at a median 6.6% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (25 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for Deswell Industries Inc: too few analysts cover it.

Positioning

Short interest
0.0%
of tradable shares
Days to cover
0.16
at average volume
Short interest, 1 month
−15%
to October 15, 2026
Held by institutions
6%
of shares
Held by insiders
71.3%
of shares
Employees
854
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
DSWL+38%−14%−8%−3%+55%−11%
Industry peers (median)+33%+3%+13%+14%+53%+1%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
DSWL58%42%33%58%50%36%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
DSWL−35%−24%−29%−18%−25%−22%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 55% from June 23, 2021 to November 6, 2023. Getting back needed a 120% gain, reached on September 3, 2025, 667 days after the low.

Price behaviour

52-week range
$2.74 – $3.67
From 52-week high
−22.4%
vs 50-day average
−6.9%
vs 200-day average
−9.5%
Volatility (1 year)
40%
Beta vs S&P 500
0.21

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Deswell Industries Inc in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Deswell Industries Inc
$20M $40M $60M $80M $100M FY15 Q4 FY18 Q4 FY21 Q4 FY26 Q4 Revenue (TTM), FY15 Q4: $38.1M Revenue (TTM), FY16 Q4: $44.6M Revenue (TTM), FY17 Q4: $44.5M Revenue (TTM), FY18 Q4: $60.7M Revenue (TTM), FY19 Q4: $66.6M Revenue (TTM), FY20 Q4: $65.4M Revenue (TTM), FY21 Q4: $64.9M Revenue (TTM), FY22 Q4: $86M Revenue (TTM), FY23 Q4: $77.3M Revenue (TTM), FY24 Q4: $69.4M Revenue (TTM), FY25 Q4: $67.6M Revenue (TTM), FY26 Q4: $61.3M $61.3M

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue (TTM)
FY15 Q4 $38.1M
FY16 Q4 $44.6M
FY17 Q4 $44.5M
FY18 Q4 $60.7M
FY19 Q4 $66.6M
FY20 Q4 $65.4M
FY21 Q4 $64.9M
FY22 Q4 $86M
FY23 Q4 $77.3M
FY24 Q4 $69.4M
FY25 Q4 $67.6M
FY26 Q4 $61.3M
Revenue growth, TTM YoY Deswell Industries Inc
-20% 0% 20% 40% FY15 Q4 FY18 Q4 FY21 Q4 FY26 Q4 Revenue growth, TTM YoY, FY15 Q4: -7.0% Revenue growth, TTM YoY, FY16 Q4: 17.1% Revenue growth, TTM YoY, FY17 Q4: -0.1% Revenue growth, TTM YoY, FY18 Q4: 36.3% Revenue growth, TTM YoY, FY19 Q4: 9.7% Revenue growth, TTM YoY, FY20 Q4: -1.8% Revenue growth, TTM YoY, FY21 Q4: -0.7% Revenue growth, TTM YoY, FY22 Q4: 32.5% Revenue growth, TTM YoY, FY23 Q4: -10.1% Revenue growth, TTM YoY, FY24 Q4: -10.3% Revenue growth, TTM YoY, FY25 Q4: -2.5% Revenue growth, TTM YoY, FY26 Q4: -9.3% -9.3%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue growth, TTM YoY
FY15 Q4 -7.0%
FY16 Q4 17.1%
FY17 Q4 -0.1%
FY18 Q4 36.3%
FY19 Q4 9.7%
FY20 Q4 -1.8%
FY21 Q4 -0.7%
FY22 Q4 32.5%
FY23 Q4 -10.1%
FY24 Q4 -10.3%
FY25 Q4 -2.5%
FY26 Q4 -9.3%
Operating margin (TTM) Deswell Industries Inc
-15% -10% -5% 0% 5% 10% FY15 Q4 FY18 Q4 FY21 Q4 FY26 Q4 Operating margin (TTM), FY15 Q4: -12.6% Operating margin (TTM), FY16 Q4: -12.0% Operating margin (TTM), FY17 Q4: -4.7% Operating margin (TTM), FY18 Q4: 3.0% Operating margin (TTM), FY19 Q4: 0.8% Operating margin (TTM), FY20 Q4: 2.2% Operating margin (TTM), FY21 Q4: 5.0% Operating margin (TTM), FY22 Q4: 3.2% Operating margin (TTM), FY23 Q4: 3.7% Operating margin (TTM), FY24 Q4: 5.5% Operating margin (TTM), FY25 Q4: 4.9% Operating margin (TTM), FY26 Q4: 3.2% 3.2%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Operating margin (TTM)
FY15 Q4 -12.6%
FY16 Q4 -12.0%
FY17 Q4 -4.7%
FY18 Q4 3.0%
FY19 Q4 0.8%
FY20 Q4 2.2%
FY21 Q4 5.0%
FY22 Q4 3.2%
FY23 Q4 3.7%
FY24 Q4 5.5%
FY25 Q4 4.9%
FY26 Q4 3.2%
FCF margin (TTM) Deswell Industries Inc
-10% 0% 10% 20% FY15 Q4 FY18 Q4 FY21 Q4 FY26 Q4 FCF margin (TTM), FY15 Q4: -8.6% FCF margin (TTM), FY16 Q4: -0.1% FCF margin (TTM), FY17 Q4: -7.3% FCF margin (TTM), FY18 Q4: 6.6% FCF margin (TTM), FY19 Q4: 1.9% FCF margin (TTM), FY20 Q4: 19.3% FCF margin (TTM), FY21 Q4: 4.2% FCF margin (TTM), FY22 Q4: -2.0% FCF margin (TTM), FY23 Q4: 15.8% FCF margin (TTM), FY24 Q4: 18.5% FCF margin (TTM), FY25 Q4: 19.5% FCF margin (TTM), FY26 Q4: 7.7% 7.7%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period FCF margin (TTM)
FY15 Q4 -8.6%
FY16 Q4 -0.1%
FY17 Q4 -7.3%
FY18 Q4 6.6%
FY19 Q4 1.9%
FY20 Q4 19.3%
FY21 Q4 4.2%
FY22 Q4 -2.0%
FY23 Q4 15.8%
FY24 Q4 18.5%
FY25 Q4 19.5%
FY26 Q4 7.7%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F, 20-F/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Mar 2010 2011 Mar 2011 2012 Mar 2012 2013 Mar 2013 2014 Mar 2014 2015 Mar 2015 2016 Mar 2016 2017 Mar 2017 2018 Mar 2018 2019 Mar 2019 2020 Mar 2020 2021 Mar 2021 2022 Mar 2022 2023 Mar 2023 2024 Mar 2024 2025 Mar 2025 2026 Mar 2026
Income
Revenue 82 84 65 53 41 38 45 45 61 67 65 65 86 77 69 68 61
Gross profit 13 10 9 7 4 4 5 7 10 10 12 13 14 13 14 14 14
EBITDA 9 −3 3 1 −3 −2 −3 0 4 3 3 5 4 5 5 5 3
Operating income 2 −9 −2 −3 −7 −5 −5 −2 2 1 1 3 3 3 4 3 2
Net income 1 −8 −1 −2 −7 −3 −5 1 6 4 −1 8 8 2 8 11 11
Diluted EPS $0.09 −$0.50 −$0.09 −$0.12 −$0.46 −$0.17 −$0.31 $0.09 $0.39 $0.27 −$0.08 $0.51 $0.51 $0.13 $0.48 $0.70 $0.67
Growth (year on year)
Revenue — +3.0% −22.9% −17.6% −23.3% −7.0% +17.1% −0.1% +36.3% +9.7% −1.8% −0.7% +32.5% −10.1% −10.3% −2.5% −9.3%
EBITDA — −130.0% — −65.5% — — — — — −32.8% +27.9% +48.1% −10.4% +2.2% +15.5% −8.9% −28.3%
Operating income — −605.9% — — — — — — — −70.4% — +130.8% −15.4% +4.6% +31.1% −12.4% −40.2%
Net income — — — — — — — — +349.9% −31.0% −130.9% — +0.0% −75.0% +274.4% +44.5% −4.6%
Diluted EPS — — — — — — — — +333.3% −30.8% −129.6% — 0.0% −74.5% +269.2% +45.8% −4.3%
Margins
Gross margin 15.5% 11.4% 14.6% 13.5% 8.9% 11.1% 10.8% 16.7% 16.0% 15.4% 18.1% 20.3% 16.2% 16.6% 20.0% 20.2% 22.4%
EBITDA margin 10.7% −3.1% 4.2% 1.8% −7.8% −5.2% −6.7% 0.1% 6.5% 4.0% 5.2% 7.7% 5.2% 5.9% 7.7% 7.1% 5.6%
Operating margin 2.1% −10.5% −3.3% −6.1% −16.7% −12.6% −12.0% −4.7% 3.0% 0.8% 2.2% 5.0% 3.2% 3.7% 5.5% 4.9% 3.2%
Net margin 1.8% −9.7% −2.3% −3.7% −18.3% −7.4% −11.1% 3.1% 10.2% 6.4% −2.0% 12.7% 9.6% 2.7% 11.1% 16.5% 17.3%
Free-cash-flow margin 15.6% −5.0% 16.8% 14.0% −6.7% −8.6% −0.1% −7.3% 6.6% 1.9% 19.3% 4.2% −2.0% 15.8% 18.5% 19.5% 7.7%
Cash flow
Cash from operations 14 −3 11 8 −2 −2 1 −1 6 2 13 3 −0 13 13 14 5
Capital spending 2 1 0 1 1 1 1 2 2 1 1 1 2 1 0 0 0
Free cash flow 13 −4 11 7 −3 −3 −0 −3 4 1 13 3 −2 12 13 13 5
Stock-based pay 0 — 1 — — 0 0 0 — — — — — — — — —
Free cash flow after stock pay 13 — 10 — — −3 −0 −3 — — — — — — — — —
Balance sheet
Cash 35 36 33 32 23 14 12 8 15 14 23 20 13 22 16 28 23
Total debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net debt (negative = net cash) −35 −36 −33 −32 −23 −14 −12 −8 −15 −14 −23 −20 −13 −22 −16 −28 −23
Diluted shares 16m 16m 16m 16m 16m 16m 16m 16m 16m 16m 16m 16m 16m 16m 16m 16m 16m
Returned to shareholders
Dividends 2 1 2 5 4 3 2 2 1 2 2 3 3 3 3 3 3
Buybacks — — — 1 3 — — 0 — — — — — — — — —
Total returned 2 1 2 6 6 3 2 3 1 2 2 3 3 3 3 3 3

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · March 31, 2026
What it owns · $130m
Short-term assets $107mLonger-term assets $23m
What it owes, and who funded it · $130m
Short-term liabilities $20mLonger-term liabilities $0mShareholders' equity $109m
  • Short-term assets cover short-term liabilities $107m of assets due within a year against $20m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $107m short-term assets against $211,000 of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Deswell Industries Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$3.2M
Diluted share count
−0.2%
year over year
Total shareholder yield
7.0%
dividends 7.0% + buybacks 0.0% of market value
Dividend payout ratio
30%
of net income paid out
Sales & admin spending
18.8%
of revenue
Days sales outstanding
68 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in electronic manufacturing services
Last 12 months unless stated DSWL NSYS KTCC KE BHE PLXS Median
Revenue, last 12 months $61m $125m $387m $1.4bn $2.9bn $4.0bn $4.3bn
Revenue growth, last 12 months −9.3% 6.0% −17.4% −3.7% 12.9% 1.8% 14.7%
Revenue growth, 3-year average 14.4% −4.0% −13.9% −7.8% 0.6% −3.0% 1.2%
Revenue growth, latest quarter — 9.3% −7.7% −2.3% 19.1% 28.1% 24.8%
Gross margin 22.4% 16.4% 6.2% 8.2% 10.4% 11.4% 10.9%
Operating margin 3.2% 2.0% −3.8% 4.6% 3.5% 5.7% 4.7%
Operating margin, 3-year average 3.1% 1.2% −0.8% 3.5% 3.6% 9.5% 4.4%
Net margin 17.3% 0.8% −12.4% 2.0% 1.9% 4.6% 3.1%
Cash from operations / revenue 8.5% 2.5% 1.1% 5.0% 5.8% 4.2% 5.5%
Free-cash-flow margin 7.7% 2.0% −0.5% 1.4% 3.8% 1.5% 2.8%
Free-cash-flow margin, 3-year average 4.1% −0.8% 1.5% 4.4% 5.2% 10.1% 4.1%
Stock pay / revenue 0.0% 0.5% 0.1% 0.6% 0.8% 1.1% 0.5%
Change in share count −0.2% 2.6% 0.7% −1.0% −0.9% −1.3% −0.8%

Median of all 12 companies we cover in electronic manufacturing services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

12 electronic manufacturing services companies
Measure Company Peer median Rank
Revenue growth Growth -9.3% 16.5% 11 of 12
Change in growth rate Growth -6.8pp +4.0pp 12 of 12
Gross margin Profitability 22.4% 11.4% 2 of 12
Operating margin Profitability 3.2% 4.7% 10 of 12
Net margin Profitability 17.3% 3.4% 1 of 12
Free-cash-flow margin Cash generation 7.7% 3.0% 2 of 12
Change in share count Balance sheet -0.2% -0.7% 8 of 12
Days sales outstanding Balance sheet 68 days 68 days 3 of 7

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

Data status

When each part of this page on Deswell Industries Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Deswell Industries Inc in brief

What does Deswell Industries Inc do?
Deswell Industries Inc is a US-listed company in the electronic manufacturing services industry. Its financial year ends in March.
What is Deswell Industries Inc's stock ticker?
Deswell Industries Inc trades under the ticker DSWL on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Deswell Industries Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Deswell Industries Inc reported revenue of $61.3M, 9.3% lower than a year earlier, according to its SEC filings.
What is Deswell Industries Inc's free cash flow?
Deswell Industries Inc's free-cash-flow margin is 7.7% of revenue over the trailing twelve months, ranking 2 of the 12 electronic manufacturing services companies we cover.
What is Deswell Industries Inc's market cap?
On March 31, 2026, Deswell Industries Inc's market capitalisation was about $43.9M, with a price-to-earnings ratio of 4.1 and net debt of -$23.1M. Market figures come from third-party market data and may be delayed.
Does Deswell Industries Inc pay a dividend?
Yes: Deswell Industries Inc paid $3.2M in dividends over the trailing twelve months, a dividend yield of 7.04% and a payout ratio of 30.0%.
Who are Deswell Industries Inc's competitors?
In our Electronic Manufacturing Services peer group, the companies closest to Deswell Industries Inc are Nortech Systems Inc, KEY Tronic Corp, Kimball Electronics, Inc., Benchmark Electronics Inc and Plexus Corp. The side-by-side comparison below sets their revenue, margins and growth against Deswell Industries Inc's.