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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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.1B | $225M | $181M | $155M | 28.2% | 9.1% | 20.6% |
| 2024 | $1.0B | $186M | $150M | $96M | 31.0% | 44.8% | 174.8% |
| 2023 | $699M | $71M | $55M | $175M | 15.8% | 31.3% | 296.9% |
| 2022 | $533M | $17M | $14M | $-6M | 4.6% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 532.58 | 699.31 | 1,012.36 | 1,104.32 |
| Cost Of Revenue | - | 447.56 | 551.76 | 739.27 | 779.94 |
| Gross Profit | - | 85.02 | 147.55 | 273.09 | 324.38 |
| Operating Expense | - | 77.79 | 85.03 | 94.32 | 106.52 |
| Operating Income | - | 7.22 | 62.52 | 178.77 | 217.86 |
| EBITDA | - | 16.58 | 71.13 | 185.64 | 225.12 |
| EBIT | - | 7.22 | 62.52 | 178.77 | 217.86 |
| Pretax Income | - | 9.84 | 68.95 | 196.09 | 233.55 |
| Tax Provision | - | -3.89 | 14.42 | 46.24 | 52.80 |
| Net Income | - | 13.74 | 54.52 | 149.85 | 180.75 |
| Net Income Common Stockholders | - | 13.74 | 54.52 | 149.85 | 180.75 |
| Total Expenses | - | 525.36 | 636.79 | 833.58 | 886.46 |
| Interest Expense | 0.20 | - | - | - | - |
| Interest Income | - | 0.33 | 6.43 | 17.32 | 15.69 |
| Research And Development | - | 6.96 | 6.22 | 9.43 | 11.01 |
| Selling General And Administration | - | 70.83 | 78.81 | 84.89 | 95.40 |
| Normalized EBITDA | - | 16.58 | 71.13 | 185.64 | 225.12 |
| Normalized Income | - | 13.74 | 54.52 | 149.85 | 180.75 |
| Market Cap | 9,207.25 | 9,207.25 | 9,207.25 | 9,207.25 | 9,207.25 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Powell Industries, Inc.this co. | POWL | $9.1B | 50.94↑ premium | 14.37 | 28.2% | 38.90 |
| AZZ Inc. | AZZ | $10.3B | 33.24 | 4.10 | 12.3% | 15.44 |
| Builders FirstSource, Inc. | BLDR | $10.0B | 22.24 | 2.22 | 10.0% | 10.60 |
| Primoris Services Corporation | PRIM | $9.3B | 33.85 | 5.54 | 16.4% | 19.27 |
| A. O. Smith Corporation | AOS | $9.1B |
| - |
| - |
| - |
| - |
| - |
| - |
| 16.29 |
| 4.79 |
| 29.4% |
| 10.96 |
| Argan, Inc. | AGX | $9.0B | 66.17 | 19.72 | 29.8% | 62.32 |
| Zurn Elkay Water Solutions Corporation | ZWS | $8.9B | 44.40 | 5.48 | 12.3% | 24.21 |
| Armstrong World Industries, Inc. | AWI | $7.6B | 24.74 | 8.48 | 34.3% | 14.48 |
| Gates Industrial Corporation plc | GTES | $6.6B | 25.85 | 1.95 | 7.5% | 11.97 |
| Peer Median | - | 29.55 | 5.14 | 14.4% | 14.96 | |