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Powell Industries Inc (POWL) stock

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NASDAQ: POWL Nasdaq Electrical Components & Equipment Next results ~November 17, 2026

B Fundamentals grade

Powell Industries Inc is a US-listed company in the electrical components & equipment industry. Its financial year ends in September.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$190

Cash-flow model

Base case. Range ~$150–$250 across our lower- and higher-growth cases (9%–19% a year).

Price vs value

Modestly undervalued

The price is inside our value range, 16% below our base value.

Price used: $163.43, November 3, 2026

Powell Industries Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 10 selling0 purchases and 73 sales by directors and officers, last 12 monthsInsider trades

Value diary

Our note on each quarter Powell Industries files

Where Powell Industries stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $1.16bn, up 7.0% on a year earlier, faster than 4.5% a quarter earlier. Free-cash-flow margin rose to 21.1% from 7.5% a year earlier. The diluted share count is down 33.3% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 2 of our 2 financial-health checks. Our cash-flow model value is $179 a share, against a share price of $167.

Source: 10-Q filed August 4, 2026 on SEC EDGAR · Financials · Valuation

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

Next results ~November 17, 2026 (estimated)

Powell Industries Inc's trailing-twelve-month revenue grew 7.0% year on year, with a free-cash-flow margin of 21.1%. Where it stands out: free-cash-flow margin of 21.1% ranks 3 of 56 electrical components & equipment companies we cover.

Our discounted-cash-flow model values the business at ~$190 per share in the base case (~$150–$250 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 201.1% while net income grew 8.8%: a 192pp 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

  • Priced below our value. The share price of $154.01 is 26% below our value per share of $190.
  • Strong cash generation. 21.1% of revenue turned into free cash flow, against a median of -8.8% for electrical components & equipment companies we cover.
  • Net cash. Cash exceeds long-term debt by $0.6bn.

Things to watch

  • Results due soon. Results are expected around 17 November; the share price can move sharply on the day.
  • Volatile shares. Over the past year the shares showed annualised volatility of 64% and a beta of 2.5 against the S&P 500.
  • Insiders selling. 10 insiders sold $69M of stock over the past 365 days and none bought (17% under pre-set trading plans).
  • Below peers: days sales outstanding. Days sales outstanding of 114 days ranks 38 of 50 electrical components & equipment companies we cover (median 72 days).
  • Heavily shorted. 12.8% of the shares available to trade are sold short (5.3 days of average volume to cover).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.

Latest results: FY2026 Q3

Filed August 4, 2026
Earnings per share
$1.42 against an average estimate of $1.47: missed by 3.4%
Revenue
$312m, up 8.9% on a year earlier
Share reaction
+1.3% in the first session after the results on August 3, 2026, against +3.3% for the S&P 500
Next report
November 17, 2026; average EPS estimate $1.57

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

Price chart

  • 1 day+6.1%
  • 1 week+1.3%
  • 1 month-16.7%
  • This year+45.1%
  • 1 year+25.8%
  • 5 years+1879.2%
  • S&P 500 this year+11.2%

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

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$1.2B
Operating margin
19.7%
Net margin
16.5%
EPS (TTM, diluted)
$5.23

Growth

Revenue growth
+7.0%
Change in growth rate
+2.5 pts
Share count change
−0.0%

Cash

Free cash flow (TTM)
$244M
FCF margin
21.1%
Stock pay % of revenue
0.5%

Earnings

Last results
August 3, 2026
Next results (est.)
November 17, 2026

News & updates

Updated October 31, 2026

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

  1. Results
  2. Insider trade
  3. Leadership

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

Powell Industries Inc valuation models and calculator

What the price is pricing in

The share price implies about 12.2% a year of cash-flow growth for five years.That is slower than the 19.7% a year revenue growth Powell Industries has delivered.

Read with care: free cash flow has swung sharply in the past year (often a one-off tax, legal or working-capital item), so the cash-flow base behind this reading may be unusually low or high.

  • Priced in12.2%
  • Last 12 months7.0%
  • 3 years a year21.0%
  • 5 years a year19.7%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($163.34, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$190
Price used
$163.34close November 3, 2026
Implied change
▲ +19%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Powell Industries Inc's free cash flow after stock-based pay with after-tax interest added back ($180M, FY2026 Q3 TTM), growing 19% and 17% in the next two years (forecasts, guidance and its record), then back to 14% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$150–~$250 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Powell Industries Inc's free cash flow after stock-based pay ( $180M, FY2026 Q3 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.

Valuation models

We value Powell Industries Inc as an operating company, with every model that fits that kind of business. Cost of equity 12%: the 10-year Treasury yield (4.9%) plus a beta of 1.57 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. ~$190 ~$150–$250 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$120 ~$96–$170 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$55 ~$41–$75 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$44 ~$40–$50 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$120 ~$44–$190 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Powell Industries Inc with Electrical Components & Equipment 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.

What moves the value

  • Revenue growth 5 points lower ▼ −22%
  • Revenue growth 5 points higher ▲ +29%
  • Free-cash-flow margin 1 point lower ▼ −4%
  • Last year's free-cash-flow margin change, if it persists ▲ more than doubles
  • Discount rate 1 point higher ▼ −13%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $89$114$148$192$251$326
8.5% $72$90$115$147$188$241
10% $62$76$95$119$151$191

Valuation multiples over time Market data may be delayed

At fiscal year end 2016201720182019202020212022202320242025
Share price$10.48$8.09$10.11$11.25$7.17$7.56$6.76$27.22$73.50$101.39
Market value$120m$93m$116m$131m$84m$89m$81m$330m$896m$1.2bn
+ Net debt (− = net cash)−$95m−$66m−$35m−$117m−$159m−$114m−$102m−$246m−$315m−$451m
Enterprise value$25m$26m$81m$13m−$76m−$25m−$21m$84m$580m$783m
Multiples
Price / sales 0.2x0.2x0.3x0.3x0.2x0.2x0.2x0.5x0.9x1.1x
Price / earnings 7.7x——13.2x5.0x141.3x5.9x6.1x6.0x6.8x
Price / free cash flow 1.7x2.8x—2.0x1.2x——1.9x9.3x8.0x
EV / EBITDA 0.9x—21.5x0.6xn/mn/mn/m1.2x3.1x3.5x

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

41 /100

Weak moat

How hard Powell Industries's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 11 / 20

    Cash operating profit has been a median 9.2% of total assets over 10 years.

  • Pricing power 4 / 20

    Gross margin has been a median 19.1%, moving by 5.7 percentage points (standard deviation) across 10 years.

  • Durability 0 / 20

    Operating margin has been a median 5.4%; its worst year was -4.7%.

  • Cash conversion 10 / 20

    Free cash flow was positive in 7 of 10 years, at a median 6.5% of revenue.

  • Discipline 15 / 20

    The diluted share count rose 4.0% over five years; stock-based pay has been a median 0.6% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

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

Forecasts and guidance

Next results: November 17, 2026, after the close. Analysts expect revenue of $331m and EPS of $1.57 (range $1.46 to $1.65) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $5.37 +8% $1.2bn +8%
Next $6.82 +27% $1.5bn +25%

Next year's EPS estimate has moved +2.4% in 90 days, across 5 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −1.5% on 90 days ago. In the last 30 days, 2 analysts raised Powell Industries Inc's forecast and 2 cut it.

Consensus EPS forecast Powell Industries Inc, last 90 days
$5.00 $5.50 $6.00 $6.50 $7.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $5.45 Current fiscal year, 60 days ago: $5.37 Current fiscal year, 30 days ago: $5.37 Current fiscal year, 7 days ago: $5.37 Current fiscal year, Now: $5.37 $5.37 Next fiscal year, 90 days ago: $6.66 Next fiscal year, 60 days ago: $6.82 Next fiscal year, 30 days ago: $6.82 Next fiscal year, 7 days ago: $6.82 Next fiscal year, Now: $6.82 $6.82

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $5.45$6.66
60 days ago $5.37$6.82
30 days ago $5.37$6.82
7 days ago $5.37$6.82
Now $5.37$6.82

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $1.47 $1.42 −3.4%
Mar 2026 $1.34 $1.25 −6.9%
Dec 2025 $0.97 $1.13 +16.6%
Sept 2025 $1.25 $1.41 +12.2%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 3, 2026

No numeric guidance in Powell Industries Inc's latest earnings release (filed August 3, 2026). Some companies give their outlook only on the earnings call.

How our valuation uses these forecasts

Our cash-flow model grows Powell Industries Inc's revenue by +19.0% next year and +17.0% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+21.9%, weight 64%) and the company's own record (+14.0%, weight 36%) . How the weights are set.

Analyst recommendations

4 analysts, Oct 2026
Buy250%
Hold250%
Sell00%

Monthly trend

  1. Oct 20261124
  2. Sep 20261124
  3. Aug 20261124
  4. Jul 20261124

Counts of recommendations published by analysts covering Powell Industries Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
12.8%
of tradable shares
Days to cover
5.27
at average volume
Short interest, 1 month
+31%
to October 15, 2026
Held by institutions
94%
of shares
Held by insiders
20.5%
of shares
Employees
3,143
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

What moved the share price

Last 12 months +20.8%

$127.53 on October 31, 2025 to $154.01

ThenNowEffect
Revenue (last 12 months) $1.1bn $1.2bn +7.0%
Net margin 16.2% 16.5% +1.7%
P/E multiple 26.6x 29.5x +11.1%
Share count 37m 37m −0.1%

Biggest factor: p/e multiple.

Last 3 years +485.6%

$26.30 on November 3, 2023 to $154.01

ThenNowEffect
Revenue (last 12 months) $653m $1.2bn +77.2%
Net margin 5.6% 16.5% +192.5%
P/E multiple 26.1x 29.5x +13.1%
Share count 37m 37m −0.1%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
POWL+4%+24%+156%+152%+45%+45%
Industry peers (median)−6%−34%−18%−8%+11%−36%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
POWL42%58%67%67%67%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
POWL−36%−37%−19%−37%−50%−53%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 3, 2015: 69% from December 17, 2019 to March 18, 2020. Getting back needed a 221% gain, reached on February 2, 2023, 1051 days after the low.

Price behaviour

52-week range
$93.90 – $321.80
From 52-week high
−52.1%
vs 50-day average
−14.0%
vs 200-day average
−27.8%
Volatility (1 year)
64%
Beta vs S&P 500
2.47

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.

Share price after results

Next day
6 up, 6 down
typical move ±14.0%
After a week
7 up, 5 down
typical move ±14.3%
After a month
7 up, 5 down
typical move ±26.6%
Results releasedNext dayS&P 500 next day5 days21 days
August 3, 2026 +1.3% +3.3% −0.7% −17.5%
May 4, 2026 +7.0% +0.4% +17.0% +8.9%
February 3, 2026 +19.7% −1.3% +29.5% +14.3%
November 18, 2025 −10.2% −0.5% −1.6% +3.5%
August 5, 2025 −1.0% +0.3% +17.4% +17.7%
May 6, 2025 −8.9% −0.4% +1.5% −4.7%
February 6, 2025 −6.5% −0.6% −12.5% −35.3%
November 19, 2024 −9.3% +0.4% −5.9% −15.7%
July 30, 2024 +33.3% +1.1% +18.9% +19.8%
April 30, 2024 +13.6% −1.9% +5.4% +37.8%
January 30, 2024 +48.5% −1.7% +57.9% +132.4%
December 5, 2023 −8.7% −0.4% −2.9% −11.2%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Powell Industries Inc’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade B (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

POWL Powell Industries Inc Grade B $154.75

Own 100 shares, sell the $900 call expiring December 18, 2026 (46 days) for $43.70 a share — $4,370 per contract.

Previous session · Bid $43.70, ask $53.00, quoted Mon 2 Nov, 17:33 New York time with POWL at $154.75. Option prices move with the shares: check the live chain at your broker before trading.

  • If POWL ends below $900: you keep your shares and the $4,370 — 28.2% extra on the position, 224.1% a year at that pace.
  • If it ends above $900: your shares are sold at $900, a total return of 509.8% including the premium — at or above our value of ~$190.
$78.9k $0 −$2.2k Break-even $111.05 Price $154.75 Our value $190
Profit or loss per contract at expiry, by share price (including the shares bought at today's price).
Premium
$4,370
Annualised
224.1%
Break-even
$111.05
Max gain
$78,895
Chance of selling
~48%

Results are expected around November 17, 2026, before this option expires: the share price can jump on results, and the premium partly reflects that.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Powell Industries Inc in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

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) Powell Industries Inc
$600M $800M $1B $1.2B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $699.3M Revenue (TTM), FY24 Q1: $766.5M Revenue (TTM), FY24 Q2: $850.1M Revenue (TTM), FY24 Q3: $945.9M Revenue (TTM), FY24 Q4: $1B Revenue (TTM), FY25 Q1: $1.1B Revenue (TTM), FY25 Q2: $1.1B Revenue (TTM), FY25 Q3: $1.1B Revenue (TTM), FY25 Q4: $1.1B Revenue (TTM), FY26 Q1: $1.1B Revenue (TTM), FY26 Q2: $1.1B Revenue (TTM), FY26 Q3: $1.2B $1.2B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $699.3M
FY24 Q1 $766.5M
FY24 Q2 $850.1M
FY24 Q3 $945.9M
FY24 Q4 $1B
FY25 Q1 $1.1B
FY25 Q2 $1.1B
FY25 Q3 $1.1B
FY25 Q4 $1.1B
FY26 Q1 $1.1B
FY26 Q2 $1.1B
FY26 Q3 $1.2B
Revenue growth, TTM YoY Powell Industries Inc
0% 20% 40% 60% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 31.3% Revenue growth, TTM YoY, FY24 Q1: 38.6% Revenue growth, TTM YoY, FY24 Q2: 42.5% Revenue growth, TTM YoY, FY24 Q3: 44.8% Revenue growth, TTM YoY, FY24 Q4: 44.8% Revenue growth, TTM YoY, FY25 Q1: 38.3% Revenue growth, TTM YoY, FY25 Q2: 27.4% Revenue growth, TTM YoY, FY25 Q3: 14.3% Revenue growth, TTM YoY, FY25 Q4: 9.1% Revenue growth, TTM YoY, FY26 Q1: 5.1% Revenue growth, TTM YoY, FY26 Q2: 4.5% Revenue growth, TTM YoY, FY26 Q3: 7.0% 7.0%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 31.3%
FY24 Q1 38.6%
FY24 Q2 42.5%
FY24 Q3 44.8%
FY24 Q4 44.8%
FY25 Q1 38.3%
FY25 Q2 27.4%
FY25 Q3 14.3%
FY25 Q4 9.1%
FY26 Q1 5.1%
FY26 Q2 4.5%
FY26 Q3 7.0%
Operating margin (TTM) Powell Industries Inc
5% 10% 15% 20% 25% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 8.9% Operating margin (TTM), FY24 Q1: 11.4% Operating margin (TTM), FY24 Q2: 13.7% Operating margin (TTM), FY24 Q3: 16.1% Operating margin (TTM), FY24 Q4: 17.7% Operating margin (TTM), FY25 Q1: 17.8% Operating margin (TTM), FY25 Q2: 19.2% Operating margin (TTM), FY25 Q3: 19.5% Operating margin (TTM), FY25 Q4: 19.7% Operating margin (TTM), FY26 Q1: 20.2% Operating margin (TTM), FY26 Q2: 19.8% Operating margin (TTM), FY26 Q3: 19.7% 19.7%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 8.9%
FY24 Q1 11.4%
FY24 Q2 13.7%
FY24 Q3 16.1%
FY24 Q4 17.7%
FY25 Q1 17.8%
FY25 Q2 19.2%
FY25 Q3 19.5%
FY25 Q4 19.7%
FY26 Q1 20.2%
FY26 Q2 19.8%
FY26 Q3 19.7%
FCF margin (TTM) Powell Industries Inc
0% 10% 20% 30% 40% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 25.0% FCF margin (TTM), FY24 Q1: 34.0% FCF margin (TTM), FY24 Q2: 26.0% FCF margin (TTM), FY24 Q3: 19.5% FCF margin (TTM), FY24 Q4: 9.5% FCF margin (TTM), FY25 Q1: 4.6% FCF margin (TTM), FY25 Q2: 4.7% FCF margin (TTM), FY25 Q3: 7.5% FCF margin (TTM), FY25 Q4: 14.0% FCF margin (TTM), FY26 Q1: 14.5% FCF margin (TTM), FY26 Q2: 17.0% FCF margin (TTM), FY26 Q3: 21.1% 21.1%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 25.0%
FY24 Q1 34.0%
FY24 Q2 26.0%
FY24 Q3 19.5%
FY24 Q4 9.5%
FY25 Q1 4.6%
FY25 Q2 4.7%
FY25 Q3 7.5%
FY25 Q4 14.0%
FY26 Q1 14.5%
FY26 Q2 17.0%
FY26 Q3 21.1%

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

Where the money goes

FY2025, from the 10-K

Each dollar Powell Industries took in during FY2025, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $1.1B
  2. Other income $15.7M · 1.4%
  3. Cost of revenue $780M · 70.6%
  4. Gross profit $324M · 29.4%
  5. Research and development $11M · 1.0%
  6. Selling, general and admin $95.4M · 8.6%
  7. Operating income $218M · 19.7%
  8. Income tax $52.8M · 4.8%
  9. Net income $181M · 16.4%

Shares of revenue. Source: Powell Industries's 10-K for FY2025, as filed with the SEC. Other income is income outside operations, such as investment gains.

Financial statements

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

Fiscal year 2010 Sept 2010 2011 Sept 2011 2012 Sept 2012 2013 Sept 2013 2014 Sept 2014 2015 Sept 2015 2016 Sept 2016 2017 Sept 2017 2018 Sept 2018 2019 Sept 2019 2020 Sept 2020 2021 Sept 2021 2022 Sept 2022 2023 Sept 2023 2024 Sept 2024 2025 Sept 2025 LTM Jun 2026
Income
Revenue 551 562 691 641 648 662 565 396 449 517 518 471 533 699 1,012 1,104 1,158
Gross profit 142 100 133 138 125 108 106 51 65 87 95 75 85 148 273 324 348
EBITDA 59 18 60 56 41 34 29 −7 4 23 30 11 17 71 186 225 236
Operating income 46 3 47 46 29 21 16 −19 −9 11 19 1 7 63 179 218 228
Net income 25 −3 30 42 29 9 16 −9 −7 10 17 1 14 55 150 181 191
Diluted EPS $2.14 −$0.23 $2.49 $3.51 $2.42 $0.79 $1.36 −$0.83 −$0.62 $0.85 $1.42 $0.05 $1.15 $4.50 $12.29 $14.86 —
Growth (year on year)
Revenue — +2.1% +22.8% −7.2% +1.1% +2.2% −14.6% −30.0% +13.3% +15.3% +0.3% −9.2% +13.2% +31.3% +44.8% +9.1% +7.0%
EBITDA — −69.1% +227.8% −7.1% −27.0% −17.1% −14.9% −122.9% — — +26.0% −61.7% +46.0% +328.9% +161.0% +21.3% +8.5%
Operating income — −93.5% — −2.9% −35.7% −29.6% −23.7% −222.7% — — +66.4% −94.7% — — +185.9% +21.9% +8.0%
Net income — −110.9% — +41.9% −30.5% −67.7% — −161.2% — — — −96.2% — +296.9% +174.8% +20.6% +8.8%
Diluted EPS — −110.7% — +41.0% −31.1% −67.4% — −161.0% — — — −96.5% — +291.3% +173.1% +20.9% —
Margins
Gross margin 25.8% 17.8% 19.2% 21.6% 19.4% 16.4% 18.8% 12.8% 14.6% 16.8% 18.2% 16.0% 16.0% 21.1% 27.0% 29.4% 30.1%
EBITDA margin 10.8% 3.3% 8.7% 8.7% 6.3% 5.1% 5.1% −1.7% 0.8% 4.5% 5.7% 2.4% 3.1% 10.2% 18.3% 20.4% 20.4%
Operating margin 8.3% 0.5% 6.8% 7.1% 4.5% 3.1% 2.8% −4.9% −2.0% 2.2% 3.7% 0.2% 1.4% 8.9% 17.7% 19.7% 19.7%
Net margin 4.5% −0.5% 4.3% 6.6% 4.5% 1.4% 2.7% −2.4% −1.6% 1.9% 3.2% 0.1% 2.6% 7.8% 14.8% 16.4% 16.5%
Free-cash-flow margin 10.8% 1.4% −5.1% 2.7% −1.1% −3.3% 12.7% 8.4% −7.3% 12.5% 13.0% −7.1% −1.1% 25.0% 9.5% 14.0% 21.1%
Cash flow
Cash from operations 64 15 −6 91 9 13 75 37 −29 69 72 −30 −4 183 109 168 256
Capital spending 4 7 29 74 16 35 3 4 4 4 5 3 2 8 12 13 12
Free cash flow 60 8 −35 17 −7 −22 72 33 −33 65 67 −33 −6 175 97 155 244
Stock-based pay 2 0 2 4 3 3 5 3 3 4 3 3 4 5 5 5 5
Free cash flow after stock pay 58 8 −37 13 −11 −25 67 30 −36 61 64 −36 −10 170 92 150 239
Balance sheet
Cash 115 123 90 107 103 44 98 68 37 119 160 114 102 246 315 451 634
Total debt 7 5 4 4 3 3 2 2 2 1 1 0 0 0 0 0 0
Net debt (negative = net cash) −108 −118 −86 −104 −100 −41 −95 −66 −35 −117 −159 −114 −102 −246 −315 −451 −634
Diluted shares 12m 12m 12m 12m 12m 12m 11m 11m 12m 12m 12m 12m 12m 12m 12m 12m —
Returned to shareholders
Dividends — — — — 12 12 12 12 12 12 12 12 12 12 13 13 13
Buybacks — — — — — 21 4 0 0 — — — — — — — —
Total returned — — — — 12 34 16 12 12 12 12 12 12 12 13 13 13

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 · June 30, 2026
What it owns · $1.4bn
Short-term assets $1.2bnLonger-term assets $176m
What it owes, and who funded it · $1.4bn
Short-term liabilities $625mLonger-term liabilities $26mShareholders' equity $756m
  • Short-term assets cover short-term liabilities $1.2bn of assets due within a year against $625m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.2bn short-term assets against $26m 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 Powell 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)
$13M
Diluted share count
−0.0%
year over year
Total shareholder yield
0.2%
dividends 0.2% + buybacks 0.0% of market value
Dividend payout ratio
7%
of net income paid out
R&D spending
1.3%
of revenue
Sales & admin spending
9.0%
of revenue
Days sales outstanding
114 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in electrical components & equipment
Last 12 months unless stated POWL PLPC PLUG LYTS SHLS ALNT Median
Revenue, last 12 months $1.2bn $772m $744m $689m $588m $575m $154m
Revenue growth, last 12 months 7.0% 16.3% 10.6% 20.2% 46.9% 10.6% 10.6%
Revenue growth, 3-year average 21.0% 3.6% −5.4% 11.5% 12.8% 1.0% 9.2%
Revenue growth, latest quarter 8.9% 17.6% 2.5% 51.3% 47.4% 10.2% 10.2%
Gross margin 30.1% 32.4% −18.5% 25.1% 31.9% 33.3% 29.3%
Operating margin 19.7% 10.1% −172.8% 5.6% 10.6% 8.4% −17.7%
Operating margin, 3-year average 18.4% 8.8% −218.7% 6.5% 10.8% 7.1% −32.6%
Net margin 16.5% 7.6% −220.6% 3.3% 5.4% 5.0% −23.4%
Cash from operations / revenue 22.1% 11.7% −64.9% 6.4% −3.3% 6.7% −6.5%
Free-cash-flow margin 21.1% 4.7% −70.3% 5.7% −8.8% 4.8% −11.0%
Free-cash-flow margin, 3-year average 16.0% 6.2% −132.2% 6.6% 5.0% 7.2% −6.8%
Stock pay / revenue 0.5% 1.1% 7.2% 0.6% 2.1% 0.6% 2.5%
Change in share count −0.0% −0.2% 38.1% 9.3% 1.2% 1.0% 10.0%

Median of all 57 companies we cover in electrical components & equipment. 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

57 electrical components & equipment companies
Measure Company Peer median Rank
Revenue growth Growth 7.0% 10.6% 34 of 57
Change in growth rate Growth +2.5pp +0.0pp 21 of 57
Gross margin Profitability 30.1% 29.3% 25 of 54
Operating margin Profitability 19.7% -20.0% 6 of 53
Net margin Profitability 16.5% -23.4% 4 of 57
Free-cash-flow margin Cash generation 21.1% -8.8% 3 of 56
Stock pay as % of revenue Cash generation 0.5% 2.8% 5 of 50
Change in share count Balance sheet -0.0% 10.0% 13 of 46
Days sales outstanding Balance sheet 114 days 72 days 38 of 50

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

Where the revenue comes from

Fiscal year to September 30, 2025
Products and services
Line of business Revenue Share YoY
Oil and Gas Service $407M 36.8% ▼ 2.5%
Electricity $279M 25.3% ▲ 49.6%
Commercial and Other Industrial $178M 16.1% ▲ 18.9%
Petrochemical $151M 13.7% ▼ 18.6%
Other Customers $48.1M 4.4% ▼ 5.9%
Light Rail Traction Power Customer $41.3M 3.7% ▲ 87.4%
Geography
Region Revenue Share YoY
United States $880M 79.7% ▲ 4.0%
Canada $157M 14.2% ▲ 47.6%
Middle East and Africa $27.4M 2.5% ▲ 104.2%
Europe $25.1M 2.3% ▼ 20.1%
Asia Pacific $9.3M 0.8% ▲ 35.5%
Mexico Central America and South America $5.1M 0.5% ▼ 33.0%

From Powell Industries Inc's 10-K filed November 19, 2025, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

13F filings for June 30, 2026
Reported value
$7.9B
Institutions reporting
579
Shares held vs prior quarter
▲ 187.4%
Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $1B 3.6M 13.2% ▲ 156.6%
Vanguard Portfolio Management LLC $446M 1.6M 5.7% ▲ 306.1%
First Trust Advisors LP $409M 1.4M 5.2% ▲ 176.3%
Vanguard Capital Management LLC $367M 1.3M 4.7% ▲ 201.9%
Dimensional Fund Advisors LP $279M 975K 3.6% ▲ 201.3%
State Street Corp $274M 956K 3.5% ▲ 163.8%
Invesco Ltd. $220M 770K 2.8% ▲ 218.2%
Morgan Stanley $220M 768K 2.8% ▲ 182.4%
Fisher Asset Management, LLC $210M 732K 2.7% ▲ 184.8%
Geode Capital Management, LLC $192M 669K 2.4% ▲ 175.4%
Jane Street Group, LLC $161M 563K 2.1% ▲ 264.4%
Jacobs Levy Equity Management, Inc $126M 441K 1.6% ▲ 256.2%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Powell Industries Inc's complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $69.5M 73 trades by 10 insiders · 17% under pre-set plans
Net ▼ $69.5M net selling
Insider Date Trade Shares Price Value
Ni Ping Corp Controller October 16, 2026 Sell 700 $167.14 $116,998
Cope Brett Alan President & CEO September 30, 2026 Sell 4,799 $187.67 $900,628
Mauney William Marshall Jr Vice President, R&D September 30, 2026 Sell 301 $187.67 $56,489
Williams Richard E Director August 14, 2026 Sell pre-set plan 2,250 $203.05 $456,862
Cope Brett Alan President & CEO August 13, 2026 Sell pre-set plan 4,500 $207.01 $931,545
Cope Brett Alan President & CEO July 9, 2026 Sell pre-set plan 4,440 $241.55 $1.1M
Cope Brett Alan President & CEO July 1, 2026 Sell 36,000 $0.01 $360
Metcalf Michael William Exec Vice President June 30, 2026 Sell pre-set plan 387 $282.45 $109,308
Metcalf Michael William Exec Vice President June 30, 2026 Sell pre-set plan 187 $280.05 $52,369
Metcalf Michael William Exec Vice President June 30, 2026 Sell pre-set plan 619 $281.22 $174,075
Metcalf Michael William Exec Vice President June 30, 2026 Sell pre-set plan 499 $287.57 $143,497
Metcalf Michael William Exec Vice President June 30, 2026 Sell pre-set plan 1,235 $286.52 $353,852

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

Next expected around November 17, 2026 estimated from the company's past filing pattern, not announced

  • August 3, 2026
  • May 4, 2026
  • February 3, 2026
  • November 18, 2025
  • August 5, 2025
  • May 6, 2025

Recent SEC filings

Data status

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

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
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.

Powell Industries Inc in brief

What does Powell Industries Inc do?
Powell Industries Inc is a US-listed company in the electrical components & equipment industry. Its financial year ends in September.
What is Powell Industries Inc's stock ticker?
Powell Industries Inc trades under the ticker POWL on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Powell Industries Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Powell Industries Inc reported revenue of $1.2B, 7.0% higher than a year earlier, according to its SEC filings.
What is Powell Industries Inc's free cash flow?
Powell Industries Inc's free-cash-flow margin is 21.1% of revenue over the trailing twelve months, ranking 3 of the 56 electrical components & equipment companies we cover.
What is Powell Industries Inc's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Powell Industries Inc's free cash flow after stock-based pay gives ~$190 per share in the base case, and ~$150–$250 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Powell Industries Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Portfolio Management LLC and First Trust Advisors LP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Powell Industries Inc's market cap?
On September 30, 2025, Powell Industries Inc's market capitalisation was about $1.2B, with a price-to-earnings ratio of 6.8 and net debt of -$451M. Market figures come from third-party market data and may be delayed.
Does Powell Industries Inc pay a dividend?
Yes: Powell Industries Inc paid $13M in dividends over the trailing twelve months, a dividend yield of 0.23% and a payout ratio of 6.8%.
Who are Powell Industries Inc's competitors?
In our Electrical Components & Equipment peer group, the companies closest to Powell Industries Inc are Preformed Line Products Co, Plug Power Inc, LSI Industries Inc, Shoals Technologies Group, Inc. and Allient Inc. The side-by-side comparison below sets their revenue, margins and growth against Powell Industries Inc's.
Are insiders buying or selling Powell Industries Inc stock?
Over the last 12 months, Powell Industries Inc's directors and officers reported 0 open-market purchases and 73 sales on Form 4. The insider trading page charts every trade.
When is Powell Industries Inc's next earnings date?
Around November 17, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Powell Industries Inc announces its own schedule.