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Powell Industries Inc key statistics and ratios

In fiscal 2025, Powell Industries Inc had return on equity of 32.2%, an operating margin of 19.7%, debt equal to 0.0% of equity and a current ratio of 2.09. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

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

Fiscal year2010Sept 20102011Sept 20112012Sept 20122013Sept 20132014Sept 20142015Sept 20152016Sept 20162017Sept 20172018Sept 20182019Sept 20192020Sept 20202021Sept 20212022Sept 20222023Sept 20232024Sept 20242025Sept 2025LTMJun 2026
Gross margin25.8%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%
Operating margin8.3%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 margin4.5%−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 margin10.8%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%
Return on equity9.0%−1.0%10.1%12.6%8.0%2.7%4.6%−2.9%−2.3%3.3%5.5%0.2%4.6%17.0%36.2%32.2%27.3%
Return on assets6.2%−0.7%6.8%8.6%5.5%1.9%3.3%−2.2%−1.7%2.2%3.5%0.1%3.0%8.8%17.8%17.7%15.2%
Asset turnover1.371.371.591.311.211.311.210.901.061.151.101.041.151.121.201.080.92
Current ratio2.632.442.652.132.262.382.572.922.352.082.192.501.991.571.812.091.97
Debt to equity2.5%2.0%1.4%1.0%0.9%0.8%0.7%0.6%0.5%0.4%0.3%0.1%0.0%0.0%0.0%0.0%0.0%
Interest cover (operating income ÷ interest)52.5x7.3x172.6x—164.8x142.4x105.8xn/mn/m49.8x83.6x5.0x—————
Effective tax rate44.1%—38.6%15.7%36.1%58.9%12.8%——19.8%18.1%42.2%−39.6%20.9%23.6%22.6%22.3%
R&D as % of revenue1.2%1.3%0.9%1.2%1.2%1.1%1.2%1.7%1.5%1.2%1.2%1.4%1.3%0.9%0.9%1.0%1.3%
SG&A as % of revenue15.3%13.8%11.1%12.4%13.5%11.6%13.3%15.5%14.9%13.5%13.0%14.3%13.3%11.3%8.4%8.6%9.0%
Capital spending as % of revenue0.8%1.3%4.2%11.6%2.5%5.2%0.5%0.9%1.0%0.8%1.0%0.6%0.5%1.1%1.2%1.2%1.1%
Free cash flow ÷ net income238.8%—−118.1%40.5%−25.2%−231.0%463.3%——652.2%403.5%<−999%−43.9%320.5%64.5%85.6%127.8%
Dividends ÷ net income————41.1%130.9%76.4%——121.3%72.4%>999%89.1%22.8%8.4%7.1%6.8%
Dividends and buybacks ÷ free cash flow——————21.7%35.8%—18.6%17.9%——7.1%13.1%8.3%5.3%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

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.

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.

Compare with peers

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More: Electrical Components & Equipment stocks compared, Industrials sector, rankings of US companies

Figures from Powell Industries Inc's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Powell Industries Inc.