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Power Solutions International, Inc. designs, engineers, manufactures, markets, and sells engines and power systems in the United States, the rest of North America, the Pacific Rim, Europe, and internationally. The company offers basic engine blocks integrated with fuel system parts, as well as completely packaged power systems, that include combinations of front accessory drives, cooling systems, electronic systems, air intake systems, fuel systems, housings, power takeoff systems, exhaust systems, hydraulic systems, enclosures, brackets, hoses, tubes, packaging, telematics, and other assembled componentry. It also designs and manufactures large, custom-engineered integrated electrical power generation systems for standby and prime power applications; sells emission-certified compression ignition and spark-ignition internal combustion engines; designs and fabricates power system enclosures; and sources electrification components. In addition, the company provides mobile and stationary gensets for emergency standby, rental, prime power, demand response, microgrid, oil and gas, data center, renewable energy resiliency, and combined heat and power; forklifts, wood chippers, stump grinders, sweepers/industrial scrubbers, aerial lift platforms/scissor lifts, irrigation pumps, oil and gas compression, oil lifts, off road utility vehicles, ground support equipment, ice resurfacing equipment, pump jacks, and battery packs; vocational trucks and vans, school buses, transit buses, and terminal and utility tractors; and internal aftermarket and OEM-developed service parts programs. It serves original equipment manufacturers and end-user customers across the power systems, industrial, and transportation end-markets; and large and multinational organizations. The company was founded in 1985 and is headquartered in Wood Dale, Illinois.
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 | $722M | $115M | $114M | $14M | 63.8% | 51.8% | 64.5% |
| 2024 | $476M | $87M | $69M | $58M | 106.2% | 3.7% | 163.4% |
| 2023 | $459M | $50M | $26M | $65M | -671.6% | -4.6% | 133.4% |
| 2022 | $481M | $31M | $11M | $-10M | -37.1% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 481.33 | 458.97 | 475.97 | 722.40 |
| Cost Of Revenue | 392.77 | 353.11 | 335.43 | 537.51 |
| Gross Profit | 88.56 | 105.86 | 140.54 | 184.90 |
| Operating Expense | 63.96 | 61.59 | 58.89 | 75.19 |
| Operating Income | 24.60 | 44.27 | 81.64 | 109.71 |
| EBITDA | 31.29 | 49.88 | 86.84 | 115.45 |
| EBIT | 24.60 | 44.27 | 81.64 | 110.07 |
| Pretax Income | 11.57 | 27.21 | 70.20 | 103.36 |
| Tax Provision | 0.30 | 0.90 | 0.92 | -10.62 |
| Net Income | 11.27 | 26.31 | 69.28 | 113.99 |
| Net Income Common Stockholders | 11.27 | 26.31 | 69.28 | 113.99 |
| Total Expenses | 456.73 | 414.70 | 394.32 | 612.69 |
| Interest Expense | 13.03 | 17.07 | 11.44 | 6.70 |
| Research And Development | 18.90 | 19.46 | 20.06 | 18.16 |
| Selling General And Administration | 42.94 | 40.39 | 37.38 | 55.80 |
| Normalized EBITDA | 31.29 | 49.88 | 86.84 | 115.45 |
| Normalized Income | 11.27 | 26.31 | 69.28 | 113.99 |
| Basic EPS | 0.49 | 1.15 | 3.01 | 4.95 |
| Diluted EPS | 0.49 | 1.15 | 3.01 | 4.94 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.03 | 0.03 | 0.01 | 0.21 |
| Total Unusual Items | 0 | 0 | 0 | 0 |
| Total Unusual Items Excluding Goodwill | 0 | 0 | 0 | 0 |
| Net Income From Continuing Operation Net Minority Interest | 11.27 | 26.31 | 69.28 | 113.99 |
| Reconciled Depreciation | 6.69 | 5.60 | 5.20 | 5.39 |
| Reconciled Cost Of Revenue | 388.20 | 349.25 | 331.69 | 533.34 |
| Net Interest Income | -13.03 | -17.07 | -11.44 | -6.70 |
| Net Income From Continuing And Discontinued Operation | 11.27 | 26.31 | 69.28 | 113.99 |
| Total Operating Income As Reported | 0 | 0 | 0 | 109.71 |
| Diluted Average Shares | 23 | 22.97 | 23.02 | 23.07 |
| Basic Average Shares | 23 | 22.96 | 23.02 | 23.03 |
| Diluted NI Availto Com Stockholders | 11.27 | 26.31 | 69.28 | 113.99 |
| Net Income Including Noncontrolling Interests | 11.27 | 26.31 | 69.28 | 113.99 |
| Net Income Continuous Operations | 11.27 | 26.31 | 69.28 | 113.99 |
| Other Income Expense | 0 | 0 | 0 | 0.35 |
| Other Non Operating Income Expenses | 0 | 0 | 0 | 0.35 |
| Special Income Charges | 0 | 0 | 0 | 0 |
| Net Non Operating Interest Income Expense | -13.03 | -17.07 | -11.44 | -6.70 |
| Interest Expense Non Operating | 13.03 | 17.07 | 11.44 | 6.70 |
| Depreciation Amortization Depletion Income Statement | 2.12 | 1.75 | 1.46 | 1.22 |
| Depreciation And Amortization In Income Statement | 2.12 | 1.75 | 1.46 | 1.22 |
| Amortization | 2.12 | 1.75 | 1.46 | 1.22 |
| Amortization Of Intangibles Income Statement | 2.12 | 1.75 | 1.46 | 1.22 |
| Operating Revenue | 481.33 | 458.97 | 475.97 | 722.40 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Power Solutions International, Inc.this co. | PSIX | $1.5B | 13.55↓ discount | 8.64 | 63.8% | 14.40 |
| Preformed Line Products Company | PLPC | $1.7B | 47.17 | 3.48 | 7.4% | 20.80 |
| Hillman Solutions Corp. | HLMN | $1.6B | 45.50 | 1.32 | 3.3% | 9.50 |
| Proto Labs, Inc. | PRLB | $1.5B | 72.38 | 2.28 | 3.2% | 23.82 |
| The Greenbrier Companies, Inc. |
| GBX |
| $1.5B |
| 7.47 |
| 1.00 |
| 13.3% |
| 6.30 |
| Voyager Technologies, Inc. | VOYG | $1.5B | - | 3.95 | -24.4% | -16.76 |
| SFL Corporation Ltd. | SFL | $1.5B | - | 1.57 | -2.8% | 9.50 |
| Tennant Company | TNC | $1.5B | 33.52 | 2.44 | 7.3% | 13.48 |
| Ameresco, Inc. | AMRC | $1.4B | 32.88 | 1.34 | 3.9% | 16.76 |
| Peer Median | - | 39.51 | 1.92 | 3.6% | 11.49 | |