Short answer
POWELL INDUSTRIES INC (POWL) filed its fiscal 2025 10-K annual report with the SEC on Nov 19, 2025. It reported revenue of $1.1B (+9.1% year over year) and net income of $181M.
- Top risk flagged: Regulatory/legal risk: Compliance with U.S. Foreign Corrupt Practices Act and U.K. Bribery Act 2010 risks penalties, impacting international contract competitiveness
FY2025 key financial metrics · XBRL
- Revenue
- $1.1B
- +9.1% YoY
- Net income
- $181M
- +20.6% YoY
- Operating margin
- 19.7%
- +2.1 pp YoY
- Gross margin
- 29.4%
- +2.4 pp YoY
- EPS (diluted)
- $14.86
- +20.9% YoY
- ROE
- 28.2%
- −2.8 pp YoY
- Operating cash flow
- $168M
- +54.6% YoY
Source: XBRL data from the POWELL INDUSTRIES INC (POWL) FY2025 10-K on SEC EDGAR. USD.
POWELL INDUSTRIES INC FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: manufacturing custom-engineered electrical products and systems, primarily long-term fixed-price contracts for power control room substations and related enclosures
- New acquisition of Remsdaq completed for $10.6 million, expanding product and service offerings
- Strategic emphasis on expanding production capacity with $12.4 million investment in Jacintoport facility, increasing yard capacity by 62%
- Order backlog grew 3% to $1.4 billion, with electric utility and oil & gas markets each representing 33% of backlog
- Cash, cash equivalents, and short-term investments increased 33% to $475.5 million, reflecting strong earnings and acquisition activity
Management Discussion & Analysis
- Forward-looking statements caution with risk disclosures, no specific guidance shown
Risk Factors
- Regulatory/legal risk: Compliance with U.S. Foreign Corrupt Practices Act and U.K. Bribery Act 2010 risks penalties, impacting international contract competitiveness
- Geopolitical/macro risk: 20% of revenues from international operations exposed to political instability, trade restrictions, currency fluctuations
- Operational/supply risk: Reliance on limited or single suppliers risks delays, financial difficulties, liquidated damages, or inability to meet delivery schedules
- Competitive/market risk: Competitors adopting advanced AI, machine learning, and automation may render Powell’s products obsolete, threatening market position
- Financial risk: Credit agreement requires net leverage ratio <3.0 and interest coverage >3.0; covenant breaches risk default, restricting dividends, financing, liquidity
Generated from the filing text; verify against the original. How to read a 10-K
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