Powell Industries, Inc. (POWL) Income Statement
POWL FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsPOWL revenue and net income
Where POWL's revenue goes
FY2025Each bar shows an amount and its share of revenue. POWL kept 16.4% of revenue as net income.
POWL profit margins
POWL growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +9.1% | +27.5% | +16.3% | +5.3% |
| Gross profit | +18.8% | +56.3% | +28.0% | +11.6% |
| Operating income | +21.9% | +211.3% | +60.3% | +26.6% |
| Net income | +20.6% | +136.1% | +61.1% | +34.3% |
| EPS (diluted) | +20.7% | +95.7% | +50.6% | +21.6% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
POWL quarterly EPS vs estimates
Powell Industries beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 17, 2026 (estimate $1.52).
POWL income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.10B | $1.01B | $699.3M | $532.6M | $470.6M | $518.5M | $517.2M | $448.7M | $395.9M | $565.2M |
| Cost of revenue | $779.9M | $739.3M | $551.8M | $447.6M | $395.5M | $424.1M | $430.2M | $383.4M | $345.1M | $459.0M |
| Gross profit | $324.4M | $273.1M | $147.6M | $85.0M | $75.1M | $94.4M | $87.0M | $65.4M | $50.8M | $106.2M |
| Research & development | $11.0M | $9.4M | $6.2M | $7.0M | $6.8M | $6.3M | $6.3M | $6.7M | $6.9M | $6.7M |
| Sales, general & admin | $95.4M | $84.9M | $78.8M | $70.8M | $67.2M | $67.7M | $70.0M | $66.8M | $61.5M | $74.9M |
| Total operating expenses | $106.4M | $94.3M | $85.0M | $77.8M | $74.0M | $73.8M | $76.5M | $73.7M | $68.8M | $82.0M |
| Operating income | $217.9M | $178.8M | $62.5M | $7.2M | $1.0M | $20.6M | $11.5M | −$9.1M | −$19.3M | $15.8M |
| Interest income | $15.7M | $17.3M | $6.4M | $334,000 | $277,000 | $981,000 | $1.1M | $883,000 | $558,000 | $156,000 |
| Interest expense | — | — | — | $334,000 | $204,000 | $228,000 | $230,000 | $207,000 | $168,000 | $149,000 |
| Income before taxes | $233.6M | $196.1M | $69.0M | $9.8M | $1.1M | $20.3M | $12.3M | −$7.7M | −$16.9M | $17.8M |
| Income taxes | $52.8M | $46.2M | $14.4M | −$3.9M | $461,000 | $3.7M | $2.4M | −$547,000 | −$7.4M | $2.3M |
| Net income | $180.7M | $149.8M | $54.5M | $13.7M | $631,000 | $16.7M | $9.9M | −$7.2M | −$9.5M | $15.5M |
| EBITDA | $240.8M | $203.0M | $62.5M | $19.2M | $11.6M | $31.1M | $24.6M | $5.4M | −$4.0M | $37.5M |
| EPS (diluted) | $4.95 | $4.10 | $2.72 | $0.66 | $0.20 | $0.64 | $0.65 | −$0.12 | −$0.53 | $0.92 |
| Gross margin | 29.4% | 27.0% | 21.1% | 16.0% | 16.0% | 18.2% | 16.8% | 14.6% | 12.8% | 18.8% |
| Operating margin | 19.7% | 17.7% | 8.9% | 1.4% | 0.2% | 4.0% | 2.2% | −2.0% | −4.9% | 2.8% |
| Net margin | 16.4% | 14.8% | 7.8% | 2.6% | 0.1% | 3.2% | 1.9% | −1.6% | −2.4% | 2.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $311.7M | $296.6M | $251.2M | $298.0M | $286.3M | $278.6M | $241.4M | $275.1M | $288.2M | $255.1M | $194.0M | $208.6M |
| Cost of revenue | $216.4M | $208.7M | $179.8M | $204.5M | $198.4M | $195.2M | $181.9M | $194.6M | $206.4M | $192.4M | $145.8M | $156.7M |
| Gross profit | $95.3M | $87.9M | $71.4M | $93.5M | $87.9M | $83.4M | $59.5M | $80.4M | $81.7M | $62.7M | $48.2M | $52.0M |
| Research & development | $4.3M | $4.3M | $3.3M | $3.1M | $2.7M | $2.7M | $2.5M | $2.7M | $2.4M | $2.3M | $2.0M | $1.7M |
| Sales, general & admin | $26.7M | $25.8M | $25.2M | $27.0M | $25.1M | $21.8M | $21.5M | $21.6M | $22.0M | $20.9M | $20.3M | $20.4M |
| Total operating expenses | $31.0M | $30.1M | $28.4M | $30.3M | $27.8M | $24.5M | $24.0M | $24.3M | $24.5M | $23.2M | $22.3M | $22.2M |
| Operating income | $64.1M | $57.6M | $42.8M | $63.2M | $60.1M | $58.9M | $35.6M | $56.1M | $57.3M | $39.5M | $25.9M | $29.8M |
| Interest income | $5.0M | $4.2M | $4.3M | $4.3M | $4.0M | $3.6M | $3.9M | $4.4M | $4.5M | $4.4M | $4.0M | — |
| Interest expense | — | — | — | — | — | — | — | — | — | — | — | $376,000 |
| Income before taxes | $69.1M | $61.8M | $47.0M | $67.5M | $64.1M | $62.5M | $39.4M | $60.5M | $61.8M | $43.9M | $29.9M | $32.7M |
| Income taxes | $17.0M | $15.9M | $5.6M | $16.1M | $15.9M | $16.1M | $4.7M | $14.4M | $15.6M | $10.4M | $5.8M | $6.3M |
| Net income | $52.2M | $45.9M | $41.4M | $51.4M | $48.2M | $46.3M | $34.8M | $46.1M | $46.2M | $33.5M | $24.1M | $26.4M |
| EBITDA | $66.2M | $64.0M | $49.2M | $69.6M | $65.8M | $64.2M | $41.2M | $62.3M | $63.5M | $45.6M | $31.5M | $34.8M |
| EPS (diluted) | $1.42 | $1.25 | $1.13 | $1.41 | $1.32 | $1.27 | $0.95 | $1.26 | $1.26 | $0.92 | $0.66 | $1.95 |
| Gross margin | 30.6% | 29.6% | 28.4% | 31.4% | 30.7% | 29.9% | 24.7% | 29.2% | 28.4% | 24.6% | 24.8% | 24.9% |
| Operating margin | 20.6% | 19.4% | 17.0% | 21.2% | 21.0% | 21.1% | 14.7% | 20.4% | 19.9% | 15.5% | 13.3% | 14.3% |
| Net margin | 16.7% | 15.5% | 16.5% | 17.3% | 16.8% | 16.6% | 14.4% | 16.7% | 16.0% | 13.1% | 12.4% | 12.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in POWL's financial statements (latest annual report filed November 19, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
POWL financial results
In fiscal year 2025 (ended September 30, 2025), Powell Industries reported revenue of $1.1 billion, up 9.1% from the year before. It had net income of $180.7 million (up 20.6%), a net profit margin of 16.4%. Diluted earnings per share came to $4.95. Over five years revenue grew at an average rate of 16.3% a year.
See the POWL stock overview for the latest quote and news, or the POWL chart for price history and technical indicators.
POWL income statement FAQ
What is Powell Industries's annual revenue?
Powell Industries reported total revenue of $1.1 billion for fiscal year 2025, which ended on September 30, 2025. That was up 9.1% from $1.0 billion the previous year.
Is Powell Industries profitable?
Yes. Powell Industries reported net income of $180.7 million in fiscal 2025, a net profit margin of 16.4%; its operating margin was 19.7%.
What is Powell Industries's gross margin?
Powell Industries's gross margin was 29.4% in fiscal 2025: for every $100 of revenue, Powell Industries kept $29 after the direct cost of its products and services.
How much does Powell Industries spend on research and development?
Powell Industries spent $11.0 million on research and development in fiscal 2025, 1.0% of revenue.
How fast is Powell Industries growing?
Revenue grew 16.3% a year on average over the last five fiscal years, from $518.5 million to $1.1 billion.
What are Powell Industries's earnings per share?
Powell Industries earned $4.95 per diluted share in fiscal 2025, compared with $4.10 a year earlier.
When will Powell Industries report its next earnings?
Powell Industries is expected to report results for the quarter ending September 30, 2026 on November 17, 2026 after the market closes.
When does Powell Industries's fiscal year end?
Powell Industries's fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on November 19, 2025.