Business Description
Power Solutions International, Inc. (PSIX) is a global entity operating across the United States, North America, the Pacific Rim, and Europe, specializing in the engineering, manufacturing, marketing, and sale of sophisticated engines and power systems. The company offers alternative-fuel power solutions designed for original equipment manufacturers (OEMs) in both off-highway industrial sectors and on-road vehicle markets. Additionally, PSIX develops large-scale, custom-engineered electrical power generation systems. Its product range extends to basic engine blocks, equipped with integrated fuel system components, as well as comprehensive, pre-packaged power systems. These complete units include a wide array of integrated parts such as front accessory drives, cooling mechanisms, electronic controls, air intake and fuel delivery systems, protective housings, power takeoff (PTO) systems, exhaust systems, hydraulic components, enclosures, mounting brackets, hoses, tubes, packaging, and telematics. PSIX produces both compression and spark-ignited internal combustion engines capable of running on diverse fuels like natural gas, propane, gasoline, diesel, and various biofuels. These engines are deployed across the energy, industrial, and transportation markets. The applications for the company's power solutions are extensive. In the power generation sphere, they support standby and prime power, demand response, microgrid systems, renewable energy resilience, and combined heat and power facilities. Industrial uses encompass arbor equipment (e.g., wood chippers, stump grinders), material handling (forklifts), facility maintenance (sweepers/industrial scrubbers, ice resurfacing equipment), aerial lift platforms, irrigation pumps, and a range of oil and gas operations including compression, lifts, and pump jacks, alongside off-road utility vehicles and ground support equipment. Within the transportation sector, PSIX caters to light and medium-duty vocational trucks and vans, school and transit buses, and terminal and utility tractors. Power Solutions International, Inc. also holds a strategic collaboration agreement with Weichai Power Co., Ltd. The company was founded in 1985 and its headquarters are located in Wood Dale, Illinois.
Business History
Price History (1 Year)
Revenue & Net Income Trend
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
EPS (Diluted): 4.95
Total Equity: $178.61M
Shares: 23,066,000
Total Debt: $102.48M
Cash: $44.95M
EBITDA: $115.45M
Total Debt: $102.48M
Cash: $44.95M
Revenue: $722.41M
Revenue: $722.41M
Revenue: $722.41M
Total Equity: $178.61M
Tax Rate: -10.3%
Equity: $178.61M
Total Debt: $102.48M
Cash: $44.95M
Current Liabilities: $92.28M
Long-Term Debt: $95.01M
Total Debt: $102.48M
Total Equity: $178.61M
Shares: 23,066,000
Shares: 23,066,000
CapEx: -$9.97M
Shares: 23,066,000
Stock Price: $37.58
Net Income: $113.99M
Industry Benchmarks
Deep Analysis
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Income Statement (Annual)
Last updated: Jun 23, 2026 9:52pm (3d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $456.3M | $481.3M | $459.0M | $476.0M | $722.4M |
| Cost of Revenue | $415.0M | $392.8M | $353.1M | $335.4M | $538.7M |
| Gross Profit | $41.3M | $88.6M | $105.9M | $140.5M | $183.7M |
| Operating Expenses | $82.8M | $64.0M | $61.6M | $58.9M | $74.0M |
| Operating Income | -$41.6M | $24.6M | $44.3M | $81.6M | $109.7M |
| Net Income | -$48.5M | $11.3M | $26.3M | $69.3M | $114.0M |
| EBITDA | -$34.2M | $31.3M | $49.9M | $86.8M | $115.5M |
| EPS | $-2.12 | $0.49 | $1.15 | $3.01 | $4.95 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 23, 2026 9:52pm (3d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $6.3M | $24.3M | $22.8M | $55.3M | $44.9M |
| Total Current Assets | $230.2M | $255.3M | $205.4M | $254.3M | $290.9M |
| Total Assets | $300.5M | $319.9M | $284.3M | $328.2M | $444.4M |
| Current Liabilities | $283.3M | $319.3M | $248.3M | $227.6M | $92.3M |
| Long-Term Debt | $25.4M | $5.0M | $90,000 | $38,000 | $95.0M |
| Total Liabilities | $342.6M | $350.3M | $288.2M | $262.9M | $265.8M |
| Total Equity | -$42.0M | -$30.4M | -$3.9M | $65.3M | $178.6M |
| Retained Earnings | -$198.4M | -$187.1M | -$160.8M | -$91.5M | $22.5M |
Cash Flow (Annual)
Last updated: Jun 23, 2026 9:52pm (3d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$61.5M | -$8.8M | $70.5M | $62.4M | $24.1M |
| Capital Expenditure | -$2.0M | -$1.4M | -$5.0M | -$4.6M | -$10.0M |
| Free Cash Flow | -$63.4M | -$10.2M | $65.5M | $57.8M | $14.1M |
| Acquisitions (net) | $2.3M | $0 | $0 | $0 | $11,000 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$14.5M | $18.2M | -$1.3M | $31.9M | -$13.5M |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 3:26pm (17h ago)| Metric | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|
| Revenue |
$661.9M $658.1M – $664.0M
|
$804.6M $751.8M – $852.8M
|
$1.0B $1.0B – $1.0B
|
$1.4B $1.4B – $1.5B
|
| EBITDA |
$58.4M $58.1M – $58.6M
|
$71.0M $66.3M – $75.2M
|
$90.2M $90.2M – $90.2M
|
$126.5M $121.6M – $130.9M
|
| Net Income |
$54.6M $52.1M – $57.3M
|
$88.2M $84.0M – $92.4M
|
$136.6M $123.0M – $150.1M
|
$311.2M $295.5M – $325.0M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 23, 2026 9:52pm (3d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +5.5% | -4.6% | +3.7% | +51.8% |
| Gross Profit Growth | +114.6% | +19.5% | +32.8% | +30.7% |
| Operating Income Growth | +159.2% | +80.0% | +84.4% | +34.4% |
| Net Income Growth | +123.3% | +133.4% | +163.4% | +64.5% |
| EBITDA Growth | +191.6% | +59.4% | +74.1% | +32.9% |
Insider Trading (Recent)
Last updated: Jun 27, 2026 8:21am (35m ago)All SEC Form 4 codes
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
- 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.
- 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.
- 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.
- 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 |
|---|---|---|---|---|---|
| 2026-03-06 | Li Xun | A-Award | 1,665.00 | $0.00 | $0 |
| 2026-03-06 | Du Zhaoying | A-Award | 1,492.00 | $0.00 | $0 |
| 2026-02-12 | Li Xun | M-Exempt | 7,500.00 | $2.00 | $15,000 |
| 2026-02-12 | Li Xun | M-Exempt | 7,500.00 | $2.00 | $15,000 |
| 2026-02-12 | Li Xun | F-InKind | 3,429.00 | $92.72 | $317,937 |
| 2025-10-09 | Jin Zhao | 0.00 | $0.00 | $0 | |
| 2025-10-09 | Yang Xuesen | 0.00 | $0.00 | $0 | |
| 2025-12-11 | He Hong | A-Award | 5,000.00 | $0.00 | $0 |
| 2025-12-11 | SIMPKINS FRANK P | A-Award | 5,000.00 | $0.00 | $0 |
| 2025-12-11 | Du Zhaoying | A-Award | 700.00 | $65.76 | $46,032 |
| 2025-12-11 | Shea Courtney C. | A-Award | 5,000.00 | $0.00 | $0 |
| 2025-09-15 | Du Zhaoying | 0.00 | $0.00 | $0 | |
| 2025-09-08 | Du Zhaoying | 0.00 | $0.00 | $0 | |
| 2025-09-11 | Weichai America Corp. | S-Sale | 6,738.00 | $91.72 | $617,984 |
| 2025-09-11 | Weichai America Corp. | S-Sale | 19,351.00 | $92.46 | $1.8M |
| 2025-09-11 | Weichai America Corp. | S-Sale | 23,231.00 | $93.64 | $2.2M |
| 2025-09-11 | Weichai America Corp. | S-Sale | 30,519.00 | $94.33 | $2.9M |
| 2025-09-10 | He Hong | S-Sale | 1,000.00 | $95.00 | $95,000 |
| 2025-09-11 | He Hong | S-Sale | 1,500.00 | $94.00 | $141,000 |
| 2025-09-10 | Weichai America Corp. | S-Sale | 6,308.00 | $90.28 | $569,515 |
Narrative Economics
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