Manufacturer of electrical distribution and control equipment for utilities, energy facilities and industrial customers.
Profile & Fundamentals
Powell Industries: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
Powell Industries Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
Powell Industries, Inc., together with its subsidiaries, designs, develops, manufactures, sells, and services custom-engineered equipment and systems. The company's products portfolio includes integrated power control room substations, custom-engineered modules, and electrical houses; and traditional and arc-resistant distribution switchgears and control gears, medium-voltage circuit breakers, monitoring and control communications systems, motor control centers, switches, and bus duct systems. It also provides field service inspection, installation, commissioning, modification, and repair services; spare parts; retrofit and retrofill components for existing systems; and replacement circuit breakers for switchgears. The company serves onshore and offshore production, liquefied natural gas facilities and terminals, pipelines and refineries, petrochemical, electric utility, light rail traction power, mining and metals, pulp and paper, data centers, commercial construction, and other industrial markets, as well as universities and government entities. It operates in the United States, Canada, the Middle East, Africa, Europe, Mexico, the Asia/Pacific, and Central and South America. Powell Industries, Inc. was founded in 1947 and is headquartered in Houston, Texas.
Company profile record
Powell Industries Inc
Common Stock · Industrials · Electrical Components & Equipment
Company
- Company / asset
- Powell Industries Inc
- Security type
- Common Stock
- Sector
- Industrials
- Industry
- Electrical Components & Equipment
- HQ
- 🇺🇸 United States
- Head office
- 8550 Mosley Road, Houston, TX, United States, 77075-1180
Leadership & scale
- Chief executive
- Mr. Brett A. Cope
- CEO year born
- 1968
- Full-time employees
- 3.1K
- Fiscal year end
- September
- IPO date
- 1990-03-26
Fundamentals snapshot
- Market Cap
- USD 7.5B
- P/E
- 39.2x
- Revenue (Q2 26)
- USD 311.7M
- Profit (Q2 26)
- USD 52.2M
- Dividend Yield
- 0.2%
- Revenue (FY 25)
- USD 1.1B
- Shares in public float
- 28.9M
- Insider ownership
- 20.61%
Reporting & identifiers
- Symbol
- POWL.NASDAQ
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US7391281067
- Asset ID
- equity_c2003dc7-6f64-50ba-8053-f50f5778fe66
Ownership
Shares Outstanding
Latest: 36.6M | Max: 36.6M | Min: 11.6M
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
79.09%
28.9M latest reported shares
Insider Ownership
20.61%
Latest reported insider stake
Short Float
0.10%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 34,491,000 |
| 2018-01-01 | 11,551,000 |
| 2019-01-01 | 34,995,000 |
| 2020-01-01 | 35,022,000 |
| 2021-01-01 | 35,295,000 |
| 2022-01-01 | 36,231,000 |
| 2023-01-01 | 36,522,000 |
| 2024-01-01 | 36,456,000 |
| 2025-01-01 | 36,489,000 |
| 2026-01-01 | 36,566,000 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| iShares Core S&P Small-Cap ETF | 1,732,163 | 4.75% | 2026-08-31 |
| First Trust RBA Amer Indl RenaisTM ETF | 1,430,565 | 3.93% | 2026-08-31 |
| First Trust Advisors L.P. | 1,426,981 | 3.92% | 2026-06-30 |
| BlackRock Inc | 1,406,073 | 11.58% | 2026-03-31 |
| Dimensional Fund Advisors, Inc. | 974,940 | 2.68% | 2026-06-30 |
| Vanguard MStar Total Stk Mkt Idx Invest | 928,168 | 2.55% | 2026-08-31 |
| Fisher Asset Management, LLC | 731,619 | 2.01% | 2026-06-30 |
| Vanguard Small Cap Index | 671,101 | 1.84% | 2026-08-31 |
| Vanguard Capital Management, LLC | 424,609 | 3.5% | 2026-03-31 |
| Vanguard MStar Small Cap Growth Indx Inv | 385,048 | 1.06% | 2026-08-31 |
| Vanguard Portfolio Management, LLC | 383,599 | 3.16% | 2026-03-31 |
| Federated Hermes Inc | 375,292 | 1.03% | 2026-06-30 |
| State Street Corp | 362,437 | 2.98% | 2026-03-31 |
| First Trust SMID Cp Rising Div Achv ETF | 340,329 | 0.93% | 2026-08-31 |
| Invesco Discovery A | 326,971 | 0.9% | 2026-07-31 |
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
Powell's financial performance highlights a company operating near peak cyclical strength. Trailing twelve-month revenue reached $1.16 billion through June 2026, delivering $191 million in net income. Operating income surged to $228 million as factory absorption lifted gross margins to a record 30.6%. This impressive earnings breakout reflects the successful delivery of high-margin contracts booked during severe electrical equipment shortages. However, the latest results also reveal an important growth ceiling. Year-over-year revenue growth slowed from 44.8% in fiscal 2024 to 8.9% in the June 2026 quarter. This downshift confirms that factory floor space and labor shortages, rather than customer demand, now dictate conversion speed.
Powell's financial performance highlights a company operating near peak cyclical strength. Trailing twelve-month revenue reached $1.16 billion through June 2026, delivering $191 million in net income. Operating income surged to $228 million as factory absorption lifted gross margins to a record 30.6%. This impressive earnings breakout reflects the successful delivery of high-margin contracts booked during severe electrical equipment shortages. However, the latest results also reveal an important growth ceiling. Year-over-year revenue growth slowed from 44.8% in fiscal 2024 to 8.9% in the June 2026 quarter. This downshift confirms that factory floor space and labor shortages, rather than customer demand, now dictate conversion speed.
Revenue, Net Income, and Free Cash Flow
Latest: USD 1.1B | Max: USD 1.1B | Min: USD -33.4M
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 62x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profitability has undergone a dramatic transformation over the past four years. Operating margins expanded from a meager 1.4% in fiscal 2022 to nearly 20% by fiscal 2025. This surge was powered by extreme industry shortages of switchgear, allowing Powell to command significant price premiums on complex, custom-engineered power control rooms. Investors must distinguish temporary scarcity premiums from permanent profitability. While complex engineering provides a genuine economic moat, competitor equipment capacity will expand between 2027 and 2029. Alongside rising copper costs and wage pressures, operating margins are expected to normalize toward a durable 14% to 16% range.
Profitability has undergone a dramatic transformation over the past four years. Operating margins expanded from a meager 1.4% in fiscal 2022 to nearly 20% by fiscal 2025. This surge was powered by extreme industry shortages of switchgear, allowing Powell to command significant price premiums on complex, custom-engineered power control rooms. Investors must distinguish temporary scarcity premiums from permanent profitability. While complex engineering provides a genuine economic moat, competitor equipment capacity will expand between 2027 and 2029. Alongside rising copper costs and wage pressures, operating margins are expected to normalize toward a durable 14% to 16% range.
Profitability Margins
Latest: 29.4% | Max: 29.4% | Min: -4.9%
Latest Profitability Ratios as of 2025-09-30
Gross Margin
29.4%
Gross profit / revenue
Operating Margin
19.7%
Operating income / revenue
Net Margin
16.4%
Net income / revenue
FCF Margin
14.0%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-09-30 | 565,243,000 | 15,510,000 | 71,862,000 |
| 2017-09-30 | 395,911,000 | -9,486,000 | 33,179,000 |
| 2018-09-30 | 448,716,000 | -7,152,000 | -33,045,000 |
| 2019-09-30 | 517,180,000 | 9,890,000 | 64,504,000 |
| 2020-09-30 | 518,499,000 | 16,660,000 | 67,264,000 |
| 2021-09-30 | 470,559,000 | 631,000 | -33,352,000 |
| 2022-09-30 | 532,582,000 | 13,737,000 | -6,033,000 |
| 2023-09-30 | 699,308,000 | 54,525,000 | 174,734,000 |
| 2024-09-30 | 1,012,356,000 | 149,848,000 | 96,678,000 |
| 2025-09-30 | 1,104,318,000 | 180,747,000 | 154,788,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
Scroll the table to see every column.
| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-09-30 | 61.53 | Trailing four quarters |
| 2024-09-30 | 54.01 | Trailing four quarters |
| 2023-09-30 | 55.53 | Trailing four quarters |
| 2022-09-30 | 55.6 | Annual net income |
| 2021-09-30 | 1,374.32 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-09-30 | 18.79 | 2.79 | 2.74 | 12.71 |
| 2017-09-30 | 12.82 | -4.88 | -2.4 | 8.38 |
| 2018-09-30 | 14.56 | -2.03 | -1.59 | -7.36 |
| 2019-09-30 | 16.82 | 2.22 | 1.91 | 12.47 |
| 2020-09-30 | 18.21 | 3.97 | 3.21 | 12.97 |
| 2021-09-30 | 15.95 | 0.22 | 0.13 | -7.09 |
| 2022-09-30 | 15.96 | 1.36 | 2.58 | -1.13 |
| 2023-09-30 | 21.1 | 8.94 | 7.8 | 24.99 |
| 2024-09-30 | 26.98 | 17.66 | 14.8 | 9.55 |
| 2025-09-30 | 29.37 | 19.73 | 16.37 | 14.02 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-29.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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