SequelSEC

POWELL INDUSTRIES INC POWL

Switchgear & Switchboard Apparatus · CIK 0000080420 · Fiscal year ends 0930

Revenue
$1.10B
Fiscal year ended 2025-09-30
Operating income
$217.86M
Fiscal year ended 2025-09-30
Free cash flow
$154.79M
Fiscal year ended 2025-09-30

Valuation, from the filing

Public float$1.40BMarket value of stock held by non-affiliates, as stated on the cover page for 2025-03-31
Float per share$115.78Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself.
Float / net income7.7×A lower bound on the multiple, because affiliate holdings are excluded.
Float / revenue1.3×A lower bound on the multiple, because affiliate holdings are excluded.
Float / equity2.2×A lower bound on the multiple, because affiliate holdings are excluded.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-03-31, not today, and each multiple below it uses the figures for the fiscal year ending 2025-09-30 — the year that filing covered.

Valuation over time

7.7× earnings today, against a median of 13.2× across 8 years on record. Below its own history.

Float measuredPublic floatFloat / net income
2025-03-31$1.40B7.7×
2024-03-31$1.10B7.3×
2023-03-31$324.00M5.9×
2022-03-31$175.00M12.7×
2021-03-31$304.00M481.8×
2020-03-31$227.00M13.6×
2019-03-31$234.00M23.7×
2016-03-31$339.00M21.9×

Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.

POWELL INDUSTRIES INC (POWL) reported revenue of $1.10B and net income of $180.75M for the fiscal year ended 2025-09-30. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from POWELL INDUSTRIES INC’s SEC filings, each linked to the filing it came from.

Income

POWELL INDUSTRIES INC income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-09-302024-09-302023-09-302022-09-302021-09-302020-09-302019-09-302018-09-302017-09-302016-09-30
Revenue$1.10B$1.01B$699.31M$532.58M$470.56M$518.50M$517.18M$448.72M$395.91M$565.24M
Cost of revenue$779.94M$739.27M$551.76M$447.56M$395.50M$423.92M$430.20M$383.36M$345.14M$459.04M
Gross profit$324.38M$273.09M$147.55M$85.02M$75.06M$94.58M$86.98M$65.36M$50.77M$106.20M
Operating income$217.86M$178.77M$62.52M$7.22M$1.02M$19.07M$11.46M-$9.12M-$19.34M$15.76M
Net income$180.75M$149.85M$54.52M$13.74M$631.00K$16.66M$9.89M-$7.15M-$9.49M$15.51M
Research & development$11.01M$9.43M$6.22M$6.96M$6.67M$6.26M$6.33M$6.72M$6.91M$6.73M
Weighted-average diluted sharesshares 12.17Mshares 12.19Mshares 12.12Mshares 11.94Mshares 11.79Mshares 11.69Mshares 11.63Mshares 11.51Mshares 11.45Mshares 11.43M
Pretax income$233.55M$196.09M$68.95M$9.84M$1.09M$20.33M$12.33M-$7.70M-$16.92M$17.79M
Income tax expense$52.80M$46.24M$14.42M-$3.89M$461.00K$3.67M$2.44M-$547.00K-$7.43M$2.28M
Diluted EPS$14.86$12.29$4.50$1.15$0.05$1.42$0.85$-0.62$-0.83$1.36
Selling, general & administrative$95.40M$84.89M$78.81M$70.83M$67.22M$67.66M$69.95M$66.77M$61.52M$74.92M
General & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

POWELL INDUSTRIES INC balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-09-302024-09-302023-09-302022-09-302021-09-302020-09-302019-09-302018-09-302017-09-302016-09-30
Cash & equivalents$450.74M$315.33M$245.88M$101.95M$114.31M$160.22M$118.64M$36.58M$68.36M$97.72M
Total assets$1.11B$928.18M$752.24M$493.38M$436.19M$472.28M$467.41M$429.95M$414.99M$462.52M
Current assets$931.72M$776.48M$621.98M$369.98M$302.46M$335.66M$328.57M$276.66M$250.07M$304.14M
Total liabilities$468.21M$445.11M$407.22M$196.17M$134.97M$165.65M$168.26M$128.31M$93.69M$127.20M
Current liabilities$446.39M$428.02M$395.69M$186.37M$121.16M$152.95M$157.90M$117.85M$85.58M$118.25M
Total equity incl. NCI$640.77M$483.07M$345.03M$297.21M$301.22M$306.63M$299.15M$301.64M$321.30M$335.32M
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Inventory$84.72M$85.87M$63.86M$50.42M$29.84M$28.97M$29.20M$21.35M$18.45M$26.52M
Accounts receivable$217.06M$214.40M$206.59M$106.11M$78.30M$69.96M$112.09M$92.55M$53.85M$101.05M
Goodwill$6.12M$1.00M$1.00M$1.00M$1.00M$1.00M$1.00M$1.00M$1.00MUnavailable
Long-term debtUnavailableUnavailableUnavailable$0$0$400.00K$800.00K$1.20M$1.60M$2.00M
Accounts payable$67.08M$73.63M$56.67M$63.42M$45.25M$35.03M$51.18M$40.71M$33.27M$34.98M

Cash flow

POWELL INDUSTRIES INC cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-09-302024-09-302023-09-302022-09-302021-09-302020-09-302019-09-302018-09-302017-09-302016-09-30
Operating cash flow$167.94M$108.66M$182.55M-$3.58M-$30.46M$72.39M$68.76M-$28.54M$36.82M$74.91M
Capital expenditures$13.15M$11.98M$7.82M$2.45M$2.93M$5.16M$4.26M$4.42M$3.62M$3.04M
Investing cash flow-$8.34M-$21.87M-$26.57M$6.46M-$2.46M-$17.54M$2.96M$10.43M-$30.45M-$2.86M
Financing cash flow-$25.12M-$19.25M-$13.06M-$13.31M-$13.17M-$13.10M-$13.85M-$13.03M-$12.67M-$17.37M
Net change in cashUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Stock-based compensation$4.64M$4.75M$4.60M$4.09M$2.58M$3.47M$3.84M$3.15M$2.72M$4.88M
Common dividends paid$12.87M$12.65M$12.41M$12.23M$12.14M$12.07M$12.00M$11.92M$11.88M$11.84M
Common share repurchasesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable$0$0$3.74M
Depreciation & amortization$7.26M$6.87M$8.61M$9.36M$10.34M$10.54M$12.03M$12.90M$12.76MUnavailable

Derived

POWELL INDUSTRIES INC derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-09-302024-09-302023-09-302022-09-302021-09-302020-09-302019-09-302018-09-302017-09-302016-09-30
Free cash flow$154.79M$96.68M$174.73M-$6.03M-$33.39M$67.23M$64.50M-$32.96M$33.19M$71.86M
Gross margin29.4%27.0%21.1%16.0%16.0%18.2%16.8%14.6%12.8%18.8%
Operating margin19.7%17.7%8.9%1.4%0.2%3.7%2.2%-2.0%-4.9%2.8%
FCF margin14.0%9.5%25.0%-1.1%-7.1%13.0%12.5%-7.3%8.4%12.7%
SBC / revenue0.4%0.5%0.7%0.8%0.5%0.7%0.7%0.7%0.7%0.9%
Current ratio2.09x1.81x1.57x1.99x2.50x2.19x2.08x2.35x2.92x2.57x
Revenue YoY growth9.1%44.8%31.3%13.2%-9.2%0.3%15.3%13.3%-30.0%Unavailable
Net margin16.4%14.8%7.8%2.6%0.1%3.2%1.9%-1.6%-2.4%2.7%
R&D / revenue1.0%0.9%0.9%1.3%1.4%1.2%1.2%1.5%1.7%1.2%
CapEx / revenue1.2%1.2%1.1%0.5%0.6%1.0%0.8%1.0%0.9%0.5%
Long-term debt / equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rate22.6%23.6%20.9%-39.6%42.2%18.1%19.8%UnavailableUnavailable12.8%

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open POWL in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-04View SEC filing
10-Q · Filed 2026-05-05View SEC filing
10-Q · Filed 2026-02-04View SEC filing
10-K · Filed 2025-11-19View SEC filing
10-Q · Filed 2025-08-06View SEC filing
10-Q · Filed 2025-05-07View SEC filing

Companies in the same industry

Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.