PSIX · Power Solutions International, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $722.40M | $475.97M | $458.97M | $481.33M | $456.25M | $417.64M |
| Cost of Revenue | $537.51M | $335.43M | $353.11M | $392.77M | $414.98M | $359.19M |
| Gross Profit | $184.90M | $140.54M | $105.86M | $88.56M | $41.27M | $58.45M |
| R&D | $18.16M | $20.06M | $19.46M | $18.90M | $22.43M | $25.38M |
| SG&A | - | - | - | - | - | - |
| Total Operating Expenses | $75.19M | $58.89M | $61.59M | $63.96M | $82.84M | $80.17M |
| D&A | $4.17M | $3.74M | $3.85M | $4.57M | $4.87M | $5.15M |
| Operating Income | $109.71M | $81.64M | $44.27M | $24.60M | ($41.57M) | ($21.72M) |
| Interest Expense | $7.80M | $12.60M | $17.07M | $13.03M | $7.31M | $5.71M |
| Income Tax | ($10.62M) | $922.0K | $900.0K | $304.0K | ($406.0K) | ($3.71M) |
| Net Income | $113.99M | $69.28M | $26.31M | $11.27M | ($48.47M) | ($22.98M) |
| EPS - Basic | $4.95 | $3.01 | $1.15 | $0.49 | ($2.12) | ($1.00) |
| EPS - Diluted | $4.94 | $3.01 | $1.15 | $0.49 | ($2.12) | ($1.00) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $41.25M | $55.25M | $22.76M | $24.30M | $6.25M | $20.97M |
| Accounts Receivable | $90.45M | $68.96M | $66.98M | $89.89M | $65.11M | $60.15M |
| Inventory | $127.36M | $93.87M | $84.95M | $120.56M | $142.19M | $108.21M |
| Accounts Payable | $48.20M | $58.21M | $67.36M | $76.43M | $93.26M | $31.55M |
| Current Assets | $290.92M | $254.34M | $205.38M | $255.27M | $230.23M | $202.69M |
| Total Assets | $424.75M | $328.18M | $284.30M | $319.91M | $300.54M | $283.98M |
| Current Liabilities | $92.28M | $227.57M | $248.30M | $319.27M | $283.31M | $239.48M |
| Long-term Debt | $10.0K | $38.0K | $90.0K | $5.03M | $25.64M | $781.0K |
| Total Liabilities | $246.14M | $262.93M | $288.22M | $350.29M | $342.56M | $277.88M |
| Stockholders' Equity | $178.61M | $65.25M | ($3.92M) | ($30.37M) | ($42.02M) | $6.10M |
| Retained Earnings | $22.48M | ($91.51M) | ($160.79M) | ($187.10M) | ($198.37M) | ($149.89M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $24.11M | $62.39M | $70.51M | ($8.85M) | ($61.48M) | ($7.59M) |
| Investing Cash Flow | ($9.96M) | ($4.56M) | ($5.02M) | ($1.35M) | $398.0K | ($1.41M) |
| Financing Cash Flow | ($27.69M) | ($25.93M) | ($66.80M) | $28.37M | $46.55M | $33.27M |
| CapEx | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 25.6% | 29.5% | 23.1% | 18.4% | 9.0% | 14.0% |
| Operating margin | 15.2% | 17.2% | 9.6% | 5.1% | -9.1% | -5.2% |
| EBITDA margin | 15.8% | 17.9% | 10.5% | 6.1% | -8.0% | -4.0% |
| Net margin | 15.8% | 14.6% | 5.7% | 2.3% | -10.6% | -5.5% |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - |
| R&D / Revenue | 2.5% | 4.2% | 4.2% | 3.9% | 4.9% | 6.1% |
| SG&A / Revenue | - | - | - | - | - | - |
| Effective tax rate | -10.3% | 1.3% | 3.3% | 2.6% | - | - |
| Return on assets | 26.8% | 21.1% | 9.3% | 3.5% | -16.1% | -8.1% |
| Return on equity | 63.8% | 106.2% | -671.6% | -37.1% | 115.3% | -376.9% |
| Return on invested capital | 61.4% | 123.4% | - | - | - | -249.5% |
| Liquidity | ||||||
| Current ratio | 3.15 | 1.12 | 0.83 | 0.80 | 0.81 | 0.85 |
| Quick ratio | 1.77 | 0.71 | 0.49 | 0.42 | 0.31 | 0.39 |
| Cash ratio | 0.45 | 0.24 | 0.09 | 0.08 | 0.02 | 0.09 |
| Leverage | ||||||
| Debt / Equity | 0.00 | 0.00 | -0.02 | -0.17 | -0.61 | 0.13 |
| Debt / Assets | 0.00 | 0.00 | 0.00 | 0.02 | 0.09 | 0.00 |
| Debt / EBITDA | 0.00 | 0.00 | 0.00 | 0.17 | - | - |
| Interest coverage | 14.1x | 6.5x | 2.6x | 1.9x | -5.7x | -3.8x |
| Equity multiplier | 2.38 | 5.03 | -72.58 | -10.53 | -7.15 | 46.58 |
| Liabilities / Assets | 0.58 | 0.80 | 1.01 | 1.09 | 1.14 | 0.98 |
| Efficiency | ||||||
| Asset turnover | 1.70 | 1.45 | 1.61 | 1.50 | 1.52 | 1.47 |
| Inventory turnover | 4.22 | 3.57 | 4.16 | 3.26 | 2.92 | 3.32 |
| Days sales outstanding | 46d | 53d | 53d | 68d | 52d | 53d |
| Days inventory outstanding | 86d | 102d | 88d | 112d | 125d | 110d |
| Days payable outstanding | 33d | 63d | 70d | 71d | 82d | 32d |
| Cash conversion cycle | 99d | 92d | 71d | 109d | 95d | 130d |
| Valuation | ||||||
| P / E | 11.6x | 9.9x | 1.8x | 6.1x | - | - |
| P / B | 7.4x | 10.5x | - | - | - | 12.4x |
| P / S | 1.8x | 1.4x | 0.1x | 0.1x | 0.2x | 0.2x |
| EV / EBITDA | 11.2x | 7.4x | 0.5x | 1.7x | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 51.8% | 3.7% | -4.6% | 5.5% | 9.2% | -23.5% |
| Revenue CAGR (3y) | 14.5% | 1.4% | 3.2% | -4.1% | -2.7% | 7.2% |
| Revenue CAGR (5y) | 11.6% | -2.7% | -1.5% | 7.2% | - | - |
| Gross profit growth (YoY) | 31.6% | 32.8% | 19.5% | 114.6% | -29.4% | -41.5% |
| Operating income growth (YoY) | 34.4% | 84.4% | 80.0% | - | -91.4% | - |
| Net income growth (YoY) | 64.5% | 163.4% | 133.4% | - | -110.9% | - |
| EPS growth (YoY) | 64.1% | 161.7% | 134.7% | - | -112.0% | - |
| EPS CAGR (3y) | 116.0% | - | - | 8.8% | - | - |
| EPS CAGR (5y) | - | 51.3% | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | 173.7% | - | 87.1% | 27.7% | - | -78.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$722.40M totalEnergy End Market$586.35M · 81.2%
Industrial End Market$114.77M · 15.9%
Transportation End Market$21.29M · 2.9%
Geographic
$722.40M totalUS$675.19M · 93.5%
Pacific Rim$22.31M · 3.1%
North America Excluding United States$21.27M · 2.9%
Europe$3.37M · 0.5%
Other Geographical Areas$259.0K · 0.0%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
3.18
Safe
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
7/9
Strong
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✗Cash flow > net income
- ✓Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Engines & Turbines
Comparing POWER SOLUTIONS INTERNATIONAL against the 5 most active filers in the same SIC group.