Powell Industries
ConvictionModerate
Engineer-to-order capital equipment: designs, manufactures, and field-services custom integrated power control rooms, switchgear, and electrical houses on long-cycle project contracts; revenue recognized over time as backlog converts. Project-driven, low recurring revenue, asset-light relative to peers.
Revenue
$1.104B FY2025fact, FY25 ended Sep-30-2025); H1 FY26 $547.8MRev growthfact
+9% YoY FY2025+6% YoY Q2 FY26 (factGross marginfact
29.4% FY202529.6% Q2 FY26Op marginfact
19.7% FY2025~19.4% Q2 FY26Capex intensity
~1.2% of revenue$13.1M / $1.104B FY2025, fact) — very lowMarket cap
~$10.7Bfact, ~Jun 2026Price · 1-year trend
real · weekly$232+229% 1yUSD
52-week range
$70 – $322
52w lowas of 2026-07-08 · Yahoo Finance52w high
Across the boards
The thesis on this name
opportunityModerate
AI datacenter power & cooling
Full context
Primary source
Reported financials — SEC EDGAR
Audited GAAP figures pulled from SEC filings · latest filing 2025-11-19. The audited primary-source spine — not investment advice.
Revenue — annual (GAAP)
FY’21
$471M
FY’22
$533M+13%
FY’23
$699M+31%
FY’24
$1.0B+45%
FY’25
$1.1B+9%
Margins & balance sheet — FY’25
Gross margin29.4%
Operating margin19.7%
Net margin16.4%
Net cash$538M
The read
Where our coverage leans
Coverage leans bullish
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Full financial intelligence for Powell Industries
Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.
- Income statement & margin structure
- SWOT, moats & dependency map
- Supplier–customer ecosystem graph
- Signals, trends & valuation range
Not investment advice — analyst work product for a qualified professional.· intel vintage Jun 2026· sign in (free) for the analyst summary; Pro unlocks full intelligence