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Maker of custom electrical switchgear and power-control equipment for utilities, industrial and oil/gas customers.
Maker of custom electrical switchgear and power-control equipment for utilities, industrial and oil/gas customers.
Designs and builds each order to the customer's specification and books revenue as work progresses, so the backlog of orders is the key gauge. Oil, gas and petrochemical projects have long been the core, with utilities and data-centre power rising in importance. A service arm repairs and upgrades installed equipment.
Moat: narrow (customer qualification, process know-how, installed base). Custom-engineered switchgear requires long lead times and utility/industrial qualification.
Headquarters: Houston, Texas, US · Founded: 1947 · Employees: 3,458
Size Powell Industries (POWL) is a United States Industrials company (Electrical Products) with a market value of $4.85B, the 1205th largest of 3,117 United States companies the cockpit tracks. Shares closed at $133.12 on 6 Nov 2026.
Performance Over six months the shares fell 57.0%, against -22.6% for the median peer and -1.1% for the United States market (cap-weighted) — lowest of 20 in its peer set.
Growth Revenue grew 7.0% over the last twelve months (peer median +12.2%); the operating margin is 19.8% (peer median 9.0%).
Valuation It trades at 21.2× forward earnings against a peer median of 21.5× (11th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 11% a year for seven years (Req g). Recent delivered growth is +16%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 133.5 points above its cost of capital (11.1% WACC).
Backlog Backlog (remaining performance obligations) was $2.40B at 30 Jun 2026, up 71% on a year earlier — 2.1 years of trailing revenue. Backlog detail →
Short interest Short interest is 8.6% of the free float (15 Oct 2026).
Next results Next results expected around 16 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.16B | $1.10B | $1.01B | $699M | $533M |
| Revenue growth | — | +9% | +45% | +31% | — |
| Gross profit | $347M | $324M | $273M | $148M | $85.0M |
| EBITDA | $238M | $227M | $186M | $71.5M | $16.3M |
| Net income | $191M | $181M | $150M | $54.5M | $13.7M |
| Free cash flow | $244M | $155M | $96.7M | $175M | -$6.03M |
| Capital expenditure | $12.2M | $13.1M | $12.2M | $7.82M | $2.45M |
| Total debt | $2.52M | $1.66M | $1.22M | $1.44M | $2.32M |
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 |
|---|---|---|---|---|---|---|
| Powell Industries POWL | $4.85B | -57% | +7% | 20% | 21.2× | 11.2% |
| Eaton ETN | $133B | -15% | +20% | 19% | 21.4× | 19.1% |
| Schneider Electric SU.PA | $151B | -16% | +7% | 18% | 22.2× | 18.0% |
| ABB ABBN.SW | $147B | -17% | +1% | 18% | 24.5× | 4.3% |
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 | POWL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -29.7% | -13.7% | 4th lowest of 21 |
| 6-month return | -57.0% | -22.6% | lowest of 20 |
| Distance from 52-week high | -59.4% | -44.8% | 5th lowest of 21 |
| Revenue growth (TTM) | +7.0% | +12.2% | 9th lowest of 20 |
| Operating margin | 19.8% | 9.0% | 2nd highest of 21 |
| Forward P/E | 21.2× | 21.5× | 11th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 11.2% | 20.4% | 5th least demanding of 13 |
| Growth delivered (Del g) | +16.3% | +12.8% | 5th highest of 13 |
| Hurdle (Req g minus delivered) | -5.1 pp | +0.1 pp | 4th least demanding of 13 |
| ROIC minus cost of capital | +133.5 pp | -0.9 pp | highest of 21 |
| EV / EBITDA | 17.8× | 17.7× | 4th most expensive of 8 |
| Net debt / EBITDA | -2.7× | -0.1× | 2nd least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Powell Industries POWL | United States | $4.85B | -57% | +7% | 20% | 21.2× | 11.2% | +16.3% |
| Fortune Electric 1519.TW | Taiwan | $4.75B | -50% | +5% | 21% | 26.0× | 16.1% | +23.6% |
| Ningbo Orient Wires & Cables 603606.SS | China | $4.96B | -23% | +36% | 12% | 21.1× | 3.6% | +16.5% |
| Qingdao TGOOD Electric 300001.SZ | China | $4.97B | +6% | +14% | 9% | 21.9× | 12.0% | +16.2% |
| Far East Smarter Energy 600869.SS | China | $4.73B | -16% | -1% | 1% | 37.4× | 38.2% | +7.3% |
| CNGR Advanced Material 300919.SZ | China | $4.72B | -48% | +46% | 7% | 12.6× | n/a | n/a |
| HANGZHOU FIRST APPLIED MATERIAL 603806.SS | China | $5.14B | -30% | -9% | 9% | 22.0× | 7.5% | +13.1% |
| EnerSys ENS | United States | $5.30B | -36% | +4% | 15% | 11.3× | 0.5% | +4.7% |
| Henan Pinggao Electric 600312.SS | China | $4.43B | -1% | -6% | 13% | 21.1× | n/a | n/a |
| Sunwoda Electronic 300207.SZ | China | $5.37B | -33% | +36% | -1% | 16.0× | n/a | n/a |
| Wolong Electric 600580.SS | China | $5.39B | -39% | -11% | 4% | 39.6× | 25.2% | +4.2% |
| DPC DPC | United States | $4.30B | n/a | +12% | -1% | 31.9× | n/a | n/a |
| Teco Electric & Machinery 1504.TW | Taiwan | $4.23B | -13% | +8% | 9% | 19.5× | 9.3% | +5.2% |
| Walsin Lihwa 1605.TW | Taiwan | $4.21B | -3% | -4% | 0% | 7.5× | n/a | n/a |
| Hebei Sinopack Electronic Technology 003031.SZ | China | $5.62B | -33% | +43% | 19% | 36.1× | 34.9% | +28.6% |
| Suzlon Energy SUZLON.NS | India | $5.65B | -30% | +34% | 15% | 21.2× | 34.0% | +37.9% |
| Shandong Sinocera Functional Material 300285.SZ | China | $5.67B | +8% | +23% | 14% | 48.6× | 40.1% | +12.6% |
| Rosebank Industries ROSE.L | United Kingdom | $4.15B | -12% | n/a | 13% | 18.8× | n/a | n/a |
| Ugreen 301606.SZ | China | $4.13B | -23% | +50% | 9% | 25.4× | n/a | n/a |
| Yaskawa Electric 6506.T | Japan | $5.71B | -38% | +6% | 8% | 19.7× | 24.8% | +6.8% |
| KEI Industries KEI.NS | India | $4.03B | -22% | +25% | 10% | 33.9× | n/a | n/a |
Powell Industries reported $2.40B of remaining performance obligations at 30 Jun 2026, up 71% from a year earlier and up 33% from the previous quarter. That is 2.1 years of trailing revenue already under contract. Book-to-bill last quarter: 2.92.