POWLPowell Industries, Inc.
Is the business good?
A genuinely good business: earnings fully cash-backed (1.4×), margins widening, and elite returns on assets.
Mixed fundamental signals. Nine pass/fail tests of year-over-year health from the filings.
Operating profit is fully backed by cash. Conversion is improving vs a year ago.
Positive operating leverage, operating profit is growing faster than sales, so margins widen as the business scales.
High-quality, exceptional returns on the assets themselves, not leverage. ROE 27% = margin × turnover × leverage.
Unless marked, from derived.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is POWL?
Powell Industries, Inc. keeps 20% of every revenue dollar as operating profit, against 6.7% for the median Electrical Equipment & Parts name.
Operating margin · Electrical Equipment & Parts median 6.7% · 12 months to Q3 2026
- Cash conversion
- 1.45×
Cash conversion · 0.62× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- +0.22%
Share count, year on year · flat: no meaningful dilution
- R&D as % of revenue
- 1.3%
R&D as % of revenue
| Year | Operating margin |
|---|---|
| FY2020 | 3.7% |
| FY2021 | 0.22% |
| FY2022 | 1.4% |
| FY2023 | 8.9% |
| FY2024 | 18% |
| FY2025 | 20% |
Details›
- Gross margin12 months to Q3 2026
- 30%
- Operating margin12 months to Q3 2026
- 20%
- Net margin12 months to Q3 2026
- 16%
- Free cash flow margin
- 21%
- R&D as % of revenue
- 1.3%
- Revenue, trailing twelve months
- $1.16B
- Free cash flow, trailing twelve months
- $244M
- Net income, trailing twelve months
- $191M
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Electrical Equipment & Parts
Ranks #5 of 19 by RyuScore