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Makes formed-wire products and hardware for supporting and protecting overhead power and telecom cables.
Makes formed-wire products and hardware for supporting and protecting overhead power and telecom cables.
Sells mostly to utilities and telecom carriers, directly and through distributors. Its products are small parts needed in large numbers on every line, so orders follow construction and maintenance programmes. Operations are spread across many countries, with a large share of sales outside the US.
Moat: narrow (process know-how, installed base, distribution). Century-old engineering know-how in cable hardware, with utility qualification and a global manufacturing footprint.
Headquarters: Mayfield Village, Ohio, US · Founded: 1947 · Employees: 3,734
Size Preformed Line Products (PLPC) is a United States Industrials company (Building Products) with a market value of $1.28B, the 2095th largest of 3,117 United States companies the cockpit tracks. Shares closed at $261.98 on 6 Nov 2026.
Performance Over six months the shares fell 24.3%, against -6.1% for the median peer and -1.1% for the United States market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue grew 16.3% over the last twelve months (peer median +2.0%); the operating margin is 10.1% (peer median 7.5%).
Valuation It trades at 18.8× forward earnings against a peer median of 21.8× (9th cheapest of 17).
Price implies For today's price to make sense, revenue must grow about 10% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is +3 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 3.5 points above its cost of capital (9.5% WACC).
Short interest Short interest is 2.9% of the free float (15 Oct 2026).
Next results Next results expected around 4 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $772M | $669M | $594M | $670M | $637M |
| Revenue growth | — | +13% | -11% | +5% | — |
| Gross profit | $250M | $210M | $190M | $235M | $200M |
| EBITDA | $103M | $78.1M | $71.2M | $104M | $92.4M |
| Net income | $58.5M | $35.3M | $37.1M | $63.3M | $54.4M |
| Free cash flow | $36.2M | $33.3M | $52.8M | $72.3M | -$14.4M |
| Capital expenditure | $53.8M | $40.1M | $14.7M | $35.3M | $40.6M |
| Total debt | $64.4M | $47.9M | $37.2M | $72.2M | $98.7M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Preformed Line Products PLPC | $1.28B | -24% | +16% | 10% | 18.8× | 10.2% |
| Hubbell HUBB | $22.7B | -13% | +16% | 21% | 19.1× | 10.5% |
| NVT NVT | $17.2B | -38% | +48% | 18% | 16.4× | 16.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PLPC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -34.0% | -1.3% | 2nd lowest of 21 |
| 6-month return | -24.3% | -6.1% | 6th lowest of 21 |
| Distance from 52-week high | -48.1% | -30.4% | 6th lowest of 21 |
| Revenue growth (TTM) | +16.3% | +2.0% | 3rd highest of 21 |
| Operating margin | 10.1% | 7.5% | 6th highest of 21 |
| Forward P/E | 18.8× | 21.8× | 9th cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | 10.2% | 9.3% | 8th least demanding of 15 |
| Growth delivered (Del g) | +7.5% | +4.9% | 4th highest of 15 |
| Hurdle (Req g minus delivered) | +2.7 pp | +5.5 pp | 7th least demanding of 15 |
| ROIC minus cost of capital | +3.5 pp | -0.4 pp | 6th highest of 21 |
| EV / EBITDA | 12.0× | 9.3× | 4th most expensive of 11 |
| Net debt / EBITDA | -0.3× | 1.0× | 3rd least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Preformed Line Products PLPC | United States | $1.28B | -24% | +16% | 10% | 18.8× | 10.2% | +7.5% |
| Takara standard 7981.T | Japan | $1.20B | +2% | +2% | 7% | n/a | -5.5% | +5.7% |
| Xiamen Solex High-Tech Industries 603992.SS | China | $1.38B | -35% | +18% | 8% | 29.9× | 13.5% | +5.2% |
| Century Plyboards (India) CENTURYPLY.NS | India | $1.50B | -20% | +26% | 10% | 34.4× | n/a | n/a |
| Solareast 603366.SS | China | $1.07B | +8% | 0% | -2% | n/a | 39.8% | +2.9% |
| Suzhou Huaya Intelligence Technology 003043.SZ | China | $990M | -20% | +2% | 11% | 78.3× | 27.6% | +22.3% |
| Zehnder ZEHN.SW | Switzerland | $983M | +10% | +2% | 8% | 17.5× | 2.5% | +1.5% |
| Apogee Enterprises APOG | United States | $956M | +25% | +3% | 9% | 13.6× | -0.3% | +2.7% |
| Guangzhou Guangri Stock 600894.SS | China | $956M | -20% | +2% | 0% | 9.6× | 7.2% | +1.4% |
| Quanex Building Products NX | United States | $949M | +2% | +1% | 6% | 10.7× | 6.0% | +16.6% |
| Zhenjiang Dongfang Electric Heating Technology 300217.SZ | China | $944M | -17% | -23% | 0% | 26.6× | 22.5% | +6.5% |
| Jiangsu Seagull Cooling Tower 603269.SS | China | $943M | +40% | +8% | 11% | 38.4× | n/a | n/a |
| Interface TILE | United States | $1.78B | +4% | +7% | 12% | 14.5× | 11.4% | +4.7% |
| Hyundai Elevator 017800.KS | South Korea | $1.79B | -31% | -9% | 9% | 9.4× | -5.5% | +6.3% |
| Arrow Home 001322.SZ | China | $887M | -14% | -12% | -2% | 280.0× | 15.8% | -0.1% |
| Samhyun 437730.KS | South Korea | $860M | -31% | -18% | -17% | n/a | n/a | n/a |
| Center International 603098.SS | China | $847M | -26% | -30% | 4% | n/a | n/a | n/a |
| Tecnoglass TGLS | United States | $1.95B | +10% | +10% | 18% | 13.8× | n/a | n/a |
| Kajaria Ceramics KAJARIACER.NS | India | $1.96B | +7% | +14% | 16% | 26.1× | 26.2% | +11.7% |
| Arctech Solar 688408.SS | China | $820M | -38% | -19% | -1% | 34.8× | n/a | n/a |
| Jangho 601886.SS | China | $2.01B | +26% | +14% | 5% | 15.0× | -0.1% | +3.9% |