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PARTIAL
Analysis Report
Apr 12, 2026
Partial analysis — no complete end-to-end run on record.
Industrials · Electrical Equipment & Parts
Price
$285.98
Market Cap
$10.4B
Employees
2,748
Beta
1.13
Avg Volume
660,283
CEO
Brett A. Cope
Business Description
Powell Industries, Inc., operating with its subsidiaries, specializes in the comprehensive design, development, manufacturing, sales, and maintenance of customized electrical apparatus and systems. These advanced solutions are engineered to efficiently manage the distribution, regulation, and oversight of electrical energy. Their product line is extensive, including integrated power control room substations, tailor-made modular components, electrical enclosures, medium-voltage circuit breakers, communications systems for monitoring and control, motor control centers, and bus duct systems. They also provide both standard and arc-resistant switchgear and control gear for power distribution. These systems are adept at operating across a wide voltage range, from 480 volts to 38,000 volts, and find critical applications in numerous heavy industrial environments. Such sectors include oil and gas refining, both onshore and offshore oil and gas production, petrochemical processing, liquefied natural gas (LNG) terminals, pipeline and terminal infrastructure, mining and metals, light rail traction power, electric utilities, and the pulp and paper industry. In addition to their core products, the company offers a variety of crucial support services. These encompass providing spare parts, conducting field service inspections, handling installation and commissioning, undertaking modifications and repairs, supplying retrofit and retrofill components for existing systems, and offering replacement circuit breakers for switchgear. Founded in 1947 and based in Houston, Texas, Powell Industries, Inc. boasts a global operational presence, extending across the United States, Canada, Mexico, Central and South America, Europe, the Middle East, and Africa.
Business History
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
54.45
Stock Price: $285.98
EPS (Diluted): 4.99
EPS (Diluted): 4.99
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
5.74
Stock Price: $285.98
Total Equity: $640.77M
Shares: 36,501,000
Total Equity: $640.77M
Shares: 36,501,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
38.85
Market Cap: $10.42B
Total Debt: $0.00
Cash: $450.74M
EBITDA: $240.82M
Total Debt: $0.00
Cash: $450.74M
EBITDA: $240.82M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$3.2B
Market Cap: $10.42B
Total Debt: $0.00
Cash: $450.74M
Total Debt: $0.00
Cash: $450.74M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
29.4%
Gross Profit: $324.38M
Revenue: $1.10B
Revenue: $1.10B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
19.7%
Operating Income: $217.86M
Revenue: $1.10B
Revenue: $1.10B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
16.4%
Net Income: $180.75M
Revenue: $1.10B
Revenue: $1.10B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
28.6%
Net Income: $180.75M
Total Equity: $640.77M
Total Equity: $640.77M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
23.7%
Operating Income: $217.86M
Tax Rate: 22.6%
Equity: $640.77M
Total Debt: $0.00
Cash: $450.74M
Tax Rate: 22.6%
Equity: $640.77M
Total Debt: $0.00
Cash: $450.74M
Zero debt — invested capital = equity minus cash (very efficient)
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
2.09
Current Assets: $931.72M
Current Liabilities: $446.39M
Current Liabilities: $446.39M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.00
Short-Term Debt: $0.00
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $640.77M
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $640.77M
Zero debt — this company carries no debt obligations. Strongest possible score.
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$30.25
Revenue: $1.10B
Shares: 36,501,000
Shares: 36,501,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$17.55
Total Equity: $640.77M
Shares: 36,501,000
Shares: 36,501,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$4.24
Operating CF: $167.94M
CapEx: -$13.15M
Shares: 36,501,000
CapEx: -$13.15M
Shares: 36,501,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.4%
Last Dividend: N/A
Stock Price: $285.98
Stock Price: $285.98
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $180.75M
Net Income: $180.75M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares POWL against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Last run: Apr 12, 2026 10:20:48 pm
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
Not applicable for Mature Earner companies
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
Not applicable for Mature Earner companies
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
Not applicable for Mature Earner companies
4h
Dividend Discount Model
— For dividend/income stocks only
Not applicable for Mature Earner companies
4i
Book Value Analysis
— For deep value / turnaround stocks only
Not applicable for Mature Earner companies
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
Not applicable for Mature Earner companies
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 22, 2026 7:22am (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $470.6M | $532.6M | $699.3M | $1.0B | $1.1B |
| Cost of Revenue | $395.5M | $447.6M | $551.8M | $739.3M | $779.9M |
| Gross Profit | $75.1M | $85.0M | $147.6M | $273.1M | $324.4M |
| Operating Expenses | $74.0M | $77.8M | $85.0M | $94.3M | $106.4M |
| Operating Income | $1.0M | $7.2M | $62.5M | $178.8M | $217.9M |
| Net Income | $631,000 | $13.7M | $54.5M | $149.8M | $180.7M |
| EBITDA | $11.7M | $19.2M | $77.6M | $203.0M | $240.8M |
| EPS | $0.02 | $0.39 | $1.53 | $4.17 | $4.99 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 22, 2026 7:22am (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $114.3M | $102.0M | $245.9M | $315.3M | $450.7M |
| Total Current Assets | $302.5M | $370.0M | $622.0M | $776.5M | $931.7M |
| Total Assets | $436.2M | $493.4M | $752.2M | $928.2M | $1.1B |
| Current Liabilities | $121.2M | $186.4M | $395.7M | $428.0M | $446.4M |
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $135.0M | $196.2M | $407.2M | $445.1M | $468.2M |
| Total Equity | $301.2M | $297.2M | $345.0M | $483.1M | $640.8M |
| Retained Earnings | $282.5M | $283.6M | $325.3M | $462.2M | $629.8M |
Cash Flow (Annual)
Last updated: Jun 22, 2026 7:22am (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$30.5M | -$3.6M | $182.6M | $108.7M | $167.9M |
| Capital Expenditure | -$2.9M | -$2.5M | -$7.8M | -$12.0M | -$13.1M |
| Free Cash Flow | -$33.4M | -$6.0M | $174.7M | $96.7M | $154.8M |
| Acquisitions (net) | $0 | $4.3M | $0 | $0 | -$11.5M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $-632,000 | $-675,000 | $-652,000 | -$6.6M | -$12.2M |
| Net Change in Cash | -$45.9M | -$12.4M | $143.9M | $69.5M | $135.4M |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 3:12pm (17h ago)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$1.4B $1.3B – $1.6B
|
$1.7B $1.7B – $1.7B
|
$1.7B $1.6B – $1.8B
|
$1.9B $1.9B – $2.1B
|
| EBITDA |
$170.7M $155.5M – $190.5M
|
$194.9M $194.9M – $194.9M
|
$202.6M $192.7M – $218.4M
|
$230.0M $218.7M – $247.9M
|
| Net Income |
$243.7M $210.3M – $266.0M
|
$291.4M $258.1M – $342.2M
|
$296.8M $277.9M – $326.9M
|
$342.0M $320.3M – $376.7M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 22, 2026 7:22am (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +13.2% | +31.3% | +44.8% | +9.1% |
| Gross Profit Growth | +13.3% | +73.6% | +85.1% | +18.8% |
| Operating Income Growth | +608.9% | +765.4% | +185.9% | +21.9% |
| Net Income Growth | +2,077.0% | +296.9% | +174.8% | +20.6% |
| EBITDA Growth | +65.1% | +303.0% | +161.7% | +18.7% |
Insider Trading (Recent)
Last updated: Jun 27, 2026 3:14am (5h ago)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-25 | POWELL THOMAS W | S-Sale | 33,958.00 | $294.49 | $10.0M |
| 2026-06-11 | COPE BRETT ALAN | S-Sale | 4,440.00 | $272.64 | $1.2M |
| 2026-05-28 | Singh Mohit | S-Sale | 1,350.00 | $293.21 | $395,834 |
| 2026-05-21 | JOHNSON JAMES EDGAR JR | 0.00 | $0.00 | $0 | |
| 2026-05-14 | COPE BRETT ALAN | S-Sale | 4,440.00 | $301.00 | $1.3M |
| 2026-05-14 | Williams Richard E | S-Sale | 4,370.00 | $298.88 | $1.3M |
| 2026-05-14 | Williams Richard E | S-Sale | 740.00 | $300.66 | $222,488 |
| 2026-05-14 | Williams Richard E | S-Sale | 140.00 | $301.05 | $42,147 |
| 2026-05-11 | Mauney William Marshall Jr | S-Sale | 927.00 | $321.86 | $298,364 |
| 2026-05-11 | Mauney William Marshall Jr | S-Sale | 386.00 | $322.70 | $124,562 |
| 2026-05-11 | Mauney William Marshall Jr | S-Sale | 176.00 | $323.82 | $56,992 |
| 2026-05-11 | Mauney William Marshall Jr | S-Sale | 313.00 | $324.87 | $101,684 |
| 2026-05-11 | Mauney William Marshall Jr | S-Sale | 623.00 | $325.97 | $203,079 |
| 2026-05-11 | Mauney William Marshall Jr | S-Sale | 66.00 | $327.06 | $21,586 |
| 2026-05-11 | Mauney William Marshall Jr | S-Sale | 9.00 | $327.69 | $2,949 |
| 2026-04-09 | COPE BRETT ALAN | S-Sale | 4,440.00 | $233.96 | $1.0M |
| 2026-03-31 | METCALF MICHAEL WILLIAM | S-Sale | 40.00 | $510.16 | $20,406 |
| 2026-03-31 | METCALF MICHAEL WILLIAM | S-Sale | 80.00 | $511.76 | $40,941 |
| 2026-03-31 | METCALF MICHAEL WILLIAM | S-Sale | 80.00 | $513.07 | $41,046 |
| 2026-03-31 | METCALF MICHAEL WILLIAM | S-Sale | 140.00 | $516.09 | $72,253 |
Dividend History (Last 20)
Last updated: Jun 22, 2026 7:22am (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-05-20 | $0.09 | 2026-05-05 | 2026-05-20 | 2026-06-17 |
| 2026-02-18 | $0.27 | 2026-02-03 | 2026-02-18 | 2026-03-18 |
| 2025-11-19 | $0.27 | 2025-11-04 | 2025-11-19 | 2025-12-17 |
| 2025-08-20 | $0.27 | 2025-08-05 | 2025-08-20 | 2025-09-17 |
| 2025-05-21 | $0.27 | 2025-05-06 | 2025-05-21 | 2025-06-18 |
| 2025-02-19 | $0.27 | 2025-02-04 | 2025-02-19 | 2025-03-19 |
| 2024-11-20 | $0.27 | 2024-11-05 | 2024-11-20 | 2024-12-18 |
| 2024-08-14 | $0.27 | 2024-07-30 | 2024-08-14 | 2024-09-18 |
| 2024-05-14 | $0.27 | 2024-04-30 | 2024-05-15 | 2024-06-12 |
| 2024-02-13 | $0.27 | 2024-01-30 | 2024-02-14 | 2024-03-13 |
| 2023-11-14 | $0.26 | 2023-10-31 | 2023-11-15 | 2023-12-13 |
| 2023-08-15 | $0.26 | 2023-08-01 | 2023-08-16 | 2023-09-20 |
| 2023-05-16 | $0.26 | 2023-05-02 | 2023-05-17 | 2023-06-14 |
| 2023-02-14 | $0.26 | 2023-01-31 | 2023-02-15 | 2023-03-15 |
| 2022-11-15 | $0.26 | 2022-11-03 | 2022-11-16 | 2022-12-14 |
| 2022-08-16 | $0.26 | 2022-08-02 | 2022-08-17 | 2022-09-21 |
| 2022-05-17 | $0.26 | 2022-05-03 | 2022-05-18 | 2022-06-15 |
| 2022-02-15 | $0.26 | 2022-02-01 | 2022-02-16 | 2022-03-16 |
| 2021-11-16 | $0.26 | 2021-11-02 | 2021-11-17 | 2021-12-15 |
| 2021-08-17 | $0.26 | 2021-08-03 | 2021-08-18 | 2021-09-15 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for POWL — it's generated by the pipeline (
market-narrative step).
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My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30