Is the business good?
How good a business is POWI?
Power Integrations, Inc. earns 0.94% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
0.94%
Return on invested capital · cost of capital 9.0% · 8.1 points below what the capital costs: growth destroys value
- Operating margin
- 1.1%
Operating margin · Semiconductors median 8.5% · 12 months to Q1 2026
- Share count, year on year
- −2.2%
Share count, year on year · bought back, each share owns more of the company
- R&D as % of revenue
- 23%
R&D as % of revenue
| Year | Operating margin |
|---|---|
| FY2020 | 14% |
| FY2021 | 25% |
| FY2022 | 28% |
| FY2023 | 7.9% |
| FY2024 | 4.3% |
| FY2025 | 2.3% |
Details›
- Gross margin12 months to Q1 2026
- 54%
- Operating margin12 months to Q1 2026
- 1.1%
- Net margin12 months to Q1 2026
- 3.7%
- Free cash flow margin
- 19%
- R&D as % of revenue
- 23%
- Revenue, trailing twelve months
- $446M
- Free cash flow, trailing twelve months
- $85M
- Net income, trailing twelve months
- $17M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 0.94%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.