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DC Infra·POWL

Powell Industries, Inc.

NASDAQ · US

Electrical equipment manufacturer supplying switchgear, power control rooms, substations, and distribution systems.

AI relevance

Switchgear and electrical room equipment exposure for high-power data center campuses.

DC Infra Grid

Price

$297.20

Change

+3.17 (+1.08%)

Market cap

$10.8B

52w range

$57–$328

Exchange

NASDAQ

Country

Jason's Chips

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Price chart

POWL market performance

Daily close for Powell Industries, Inc.

Latest close: $297.2
Range move: +$237.6 (+398.3%)
Range high: $322.1
Range low: $58.47
Latest volume: 1.2M
Source: FMP EOD

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Exports

Download statements, ratios, chart data, and transcript indexes.

CSV

Income statement

12 annual rows

Revenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.

Annual

Balance sheet

12 annual rows

Cash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.

Annual

Cash flow

12 annual rows

Operating cash flow, capital expenditures, and free cash flow.

Annual

Key metrics

12 annual rows

Enterprise value, valuation multiples, returns, yields, and cash conversion.

Annual

Ratios

12 annual rows

Margins, liquidity ratios, valuation ratios, leverage, and per-share metrics.

Annual

Chart data

1255 rows

Five years of daily close and volume data powering the company chart.

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Transcript list

64 rows

Available earnings-call transcript dates by fiscal year and quarter.

Download

StreetHold

Analyst expectations

Consensus target

$237.67

-20.0%

Target range

$142.33 - $333.00

Rating mix

Hold

10 ratings

Next FY revenue

$1.20B

2026-09-30

Next FY EPS

$5.46

$5.27 - $5.66

Rating consensus10 ratings

Strong buy

Buy

Hold

Sell

Strong sell

Annual estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-09-30	$1.20B	$1.18B - $1.22B	$5.46	$5.27 - $5.66	$141.3M	$125.7M	$199.3M	$133.8M	4 rev / 4 EPS
2027-09-30	$1.45B	$1.32B - $1.61B	$6.57	$5.76 - $7.29	$170.7M	$151.8M	$243.7M	$161.5M	3 rev / 3 EPS
2028-09-30	$1.65B	$1.65B - $1.65B	$7.94	$7.07 - $9.38	$194.9M	$173.3M	$291.4M	$184.5M	4 rev / 4 EPS
2029-09-30	$1.72B	$1.63B - $1.85B	$8.13	$7.61 - $8.95	$202.6M	$180.2M	$296.8M	$191.8M	2 rev / 1 EPS
2030-09-30	$1.95B	$1.85B - $2.10B	$9.37	$8.77 - $10.32	$230.0M	$204.5M	$342.0M	$217.7M	2 rev / 1 EPS

Quarterly estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-06-30	$316.7M	$310.5M - $328.8M	$1.47	$1.38 - $1.54	$37.4M	$33.3M	$53.7M	$35.4M	4 rev / 4 EPS
2026-09-30	$332.3M	$322.3M - $338.7M	$1.57	$1.45 - $1.72	$39.2M	$34.9M	$57.5M	$37.1M	4 rev / 4 EPS
2026-12-31	$276.0M	$269.6M - $284.1M	$1.21	$1.18 - $1.26	$32.6M	$29.0M	$44.3M	$30.8M	3 rev / 2 EPS
2027-03-31	$327.3M	$319.6M - $336.9M	$1.49	$1.44 - $1.54	$38.6M	$34.4M	$54.4M	$36.6M	3 rev / 2 EPS
2027-06-30	$370.2M	$361.6M - $381.0M	$1.72	$1.66 - $1.78	$43.7M	$38.9M	$62.7M	$41.4M	2 rev / 1 EPS
2027-09-30	$385.9M	$376.9M - $397.2M	$1.81	$1.76 - $1.88	$45.6M	$40.5M	$66.2M	$43.1M	2 rev / 1 EPS
2027-12-31	$435.8M	$425.6M - $448.6M	$1.50	$1.45 - $1.56	$51.5M	$45.8M	$54.8M	$48.7M	3 rev / 2 EPS
2028-03-31	$460.4M	$449.7M - $473.9M	$1.78	$1.73 - $1.85	$54.4M	$48.3M	$65.0M	$51.5M	2 rev / 3 EPS

Price target history

Window	Targets	Average target
Last month	0	$0.00
Last quarter	2	$309.00
Last year	5	$221.07
All time	5	$221.07

Sources: TheFly

Latest grade actions

Date	Firm	Action	Previous	New
2026-05-11	Cantor Fitzgerald	Maintain	Neutral	Neutral
2026-05-06	JP Morgan	Maintain	Overweight	Overweight
2026-02-05	Cantor Fitzgerald	Maintain	Neutral	Neutral
2025-11-19	Roth Capital	Maintain	Buy	Buy
2022-06-10	Sidoti & Co.	Downgrade	Buy	Neutral
2022-03-29	Sidoti & Co.	Upgrade	Neutral	Buy
2020-08-11	Sidoti & Co.	Downgrade	Buy	Neutral
2020-03-19	Sidoti & Co.	Upgrade	Neutral	Buy

Historical rating snapshots

Date	Strong buy	Buy	Hold
2026-06-01	1	1	2
2026-05-01	1	1	2
2026-04-01	1	1	2
2026-03-01	0	1	2
2026-02-01	0	1	2
2026-01-01	0	2	2
2025-12-01	0	2	1
2025-11-01	0	2	1

FinancialsFY 2025

Financials

Revenue

$1.10B

Gross margin

29.4%

Operating income

$217.9M

Free cash flow

$154.8M

Cash + ST investments

$475.5M

Net debt

-$449.1M

ROE

28.2%

ROIC

25.4%

EV / sales

2.9x

EV / EBITDA

13.4x

R&D / revenue

1.0%

Current ratio

2.1x

Income statement annual

Period	Revenue	Gross profit	Gross margin	R&D	Operating income	EBITDA	Net income	EPS
FY 2025	$1.10B	$324.4M	29.4%	$11.0M	$217.9M	$240.8M	$180.7M	$4.99
FY 2024	$1.01B	$273.1M	27.0%	$9.4M	$178.8M	$203.0M	$149.8M	$4.17
FY 2023	$699.3M	$147.6M	21.1%	$6.2M	$62.5M	$77.6M	$54.5M	$1.53
FY 2022	$532.6M	$85.0M	16.0%	$7.0M	$7.2M	$19.2M	$13.7M	$0.39
FY 2021	$470.6M	$75.1M	16.0%	$6.8M	$1.0M	$11.7M	$631,000	$0.02
FY 2020	$518.5M	$94.4M	18.2%	$6.3M	$20.6M	$31.1M	$16.7M	$0.48
FY 2019	$517.2M	$87.0M	16.8%	$6.3M	$11.5M	$24.6M	$9.9M	$0.28
FY 2018	$448.7M	$65.4M	14.6%	$6.7M	-$9.1M	$5.4M	-$7.2M	$-0.21
FY 2017	$395.9M	$50.8M	12.8%	$6.9M	-$19.3M	-$4.0M	-$9.5M	$-0.28
FY 2016	$565.2M	$106.2M	18.8%	$6.7M	$15.8M	$37.5M	$15.5M	$0.45
FY 2015	$661.9M	$108.3M	16.4%	$7.0M	$20.6M	$37.6M	$9.4M	$0.27
FY 2014	$647.8M	$125.5M	19.4%	$7.6M	$29.3M	$43.0M	$29.2M	$0.81

Cash flow annual

Period	Operating cash flow	Capex	Free cash flow
FY 2025	$167.9M	$13.1M	$154.8M
FY 2024	$108.7M	$12.0M	$96.7M
FY 2023	$182.6M	$7.8M	$174.7M
FY 2022	-$3.6M	$2.5M	-$6.0M
FY 2021	-$30.5M	$2.9M	-$33.4M
FY 2020	$72.4M	$5.2M	$67.3M
FY 2019	$68.8M	$4.3M	$64.5M
FY 2018	-$28.5M	$4.4M	-$33.0M
FY 2017	$36.8M	$3.6M	$33.2M
FY 2016	$74.9M	$3.0M	$71.9M
FY 2015	$12.9M	$34.7M	-$21.8M
FY 2014	$9.1M	$16.5M	-$7.4M

Balance sheet annual

Period	Cash + ST inv.	Receivables	Inventory	PP&E	Assets	Debt	Net debt	Liabilities	Equity
FY 2025	$475.5M	$353.7M	$84.7M	$112.7M	$1.11B	$1.7M	-$449.1M	$468.2M	$640.8M
FY 2024	$358.4M	$317.3M	$85.9M	$104.6M	$928.2M	$1.2M	-$314.1M	$445.1M	$483.1M
FY 2023	$279.0M	$267.3M	$63.9M	$99.1M	$752.2M	$1.4M	-$244.4M	$407.2M	$345.0M
FY 2022	$116.5M	$194.6M	$50.4M	$100.8M	$493.4M	$2.3M	-$99.6M	$196.2M	$297.2M
FY 2021	$134.0M	$132.7M	$29.8M	$112.9M	$436.2M	$4.2M	-$110.1M	$135.0M	$301.2M
FY 2020	$178.9M	$121.4M	$29.0M	$119.6M	$472.3M	$6.6M	-$153.6M	$165.7M	$306.6M
FY 2019	$124.7M	$167.7M	$29.2M	$120.8M	$467.4M	$1.2M	-$117.4M	$168.3M	$299.2M
FY 2018	$49.8M	$182.0M	$21.4M	$128.8M	$430.0M	$1.6M	-$35.0M	$128.3M	$301.6M
FY 2017	$95.2M	$113.6M	$18.4M	$139.4M	$415.0M	$2.0M	-$66.4M	$93.7M	$321.3M
FY 2016	$97.7M	$168.9M	$26.5M	$145.0M	$462.5M	$2.4M	-$95.3M	$127.2M	$335.3M
FY 2015	$43.6M	$207.8M	$32.9M	$154.6M	$468.8M	$2.8M	-$40.8M	$135.6M	$333.3M
FY 2014	$103.1M	$205.9M	$32.8M	$156.9M	$541.4M	$3.2M	-$99.9M	$170.3M	$371.1M

Annual ratios and key metrics

Period	Gross margin	Op margin	Net margin	Current	Quick	ROE	ROIC	EV / sales	EV / EBITDA	FCF yield	R&D / rev.	Cash cycle
FY 2025	29.4%	19.7%	16.4%	2.1x	1.9x	28.2%	25.4%	2.9x	13.4x	4.2%	1.0%	125d
FY 2024	27.0%	17.7%	14.8%	1.8x	1.6x	31.0%	27.3%	2.3x	11.6x	3.6%	0.9%	120d
FY 2023	21.1%	8.9%	7.8%	1.6x	1.4x	15.8%	13.8%	1.1x	9.5x	17.7%	0.9%	144d
FY 2022	16.0%	1.4%	2.6%	2.0x	1.7x	4.6%	2.3%	0.3x	7.8x	-2.4%	1.3%	123d
FY 2021	16.0%	0.2%	0.1%	2.5x	2.3x	0.2%	0.2%	0.4x	15.2x	-11.6%	1.5%	89d
FY 2020	18.2%	4.0%	3.2%	2.2x	2.0x	5.4%	5.2%	0.2x	4.1x	24.0%	1.2%	80d
FY 2019	16.8%	2.2%	1.9%	2.1x	1.9x	3.3%	3.0%	0.6x	13.6x	14.2%	1.2%	100d
FY 2018	14.6%	-2.0%	-1.6%	2.3x	2.2x	-2.4%	-2.7%	0.8x	67.7x	-8.2%	1.5%	130d
FY 2017	12.8%	-4.9%	-2.4%	2.9x	2.7x	-3.0%	-3.3%	0.7x	-69.2x	9.7%	1.7%	89d
FY 2016	18.8%	2.8%	2.7%	2.6x	2.3x	4.6%	4.0%	0.6x	9.6x	15.7%	1.2%	102d
FY 2015	16.4%	3.1%	1.4%	2.4x	2.1x	2.8%	2.5%	0.5x	8.4x	-6.1%	1.1%	105d
FY 2014	19.4%	4.5%	4.5%	2.3x	2.1x	7.9%	4.9%	0.6x	9.1x	-1.5%	1.2%	90d

Annual growth

Period	Revenue	Gross profit	R&D	Op income	Net income	EPS	FCF	Capex	Cash + ST inv.	Inventory	Assets	Debt
FY 2025	+9.1%	+18.8%	+16.8%	+21.9%	+20.6%	+19.7%	+60.1%	-9.7%	+32.7%	-1.3%	+19.5%	+36.8%
FY 2024	+44.8%	+85.1%	+51.6%	+185.9%	+174.8%	+172.5%	-44.7%	-53.3%	+28.5%	+34.5%	+23.4%	-15.3%
FY 2023	+31.3%	+73.6%	-10.7%	+765.4%	+296.9%	+295.7%	+2996.3%	-219.0%	+139.5%	+26.7%	+52.5%	-38.2%
FY 2022	+13.2%	+13.3%	+2.0%	+608.9%	+2077.0%	+2052.1%	+81.9%	+15.2%	-13.0%	+69.0%	+13.1%	-45.1%
FY 2021	-9.2%	-20.5%	+9.0%	-95.0%	-96.2%	-96.2%	-149.6%	+43.6%	-25.1%	+3.0%	-7.6%	-35.8%
FY 2020	+0.3%	+8.5%	-1.0%	+79.5%	+68.5%	+68.2%	+4.3%	-20.6%	+43.5%	-0.8%	+1.0%	+448.8%
FY 2019	+15.3%	+33.1%	-5.8%	+225.6%	+238.3%	+237.1%	+295.2%	+5.5%	+150.6%	+36.8%	+8.7%	-25.0%
FY 2018	+13.3%	+28.7%	-2.7%	+52.8%	+24.6%	+25.3%	-199.6%	-23.8%	-47.7%	+15.7%	+3.6%	-20.0%
FY 2017	-30.0%	-52.2%	+2.6%	-222.7%	-161.2%	-161.0%	-53.8%	-19.4%	-2.6%	-30.4%	-10.3%	-16.7%
FY 2016	-14.6%	-1.9%	-3.6%	-23.7%	+64.3%	+70.0%	+429.6%	+91.2%	+124.3%	-19.4%	-1.3%	-14.3%
FY 2015	+2.2%	-13.7%	-8.3%	-29.6%	-67.7%	-67.1%	-195.9%	-110.5%	-57.7%	+0.2%	-13.4%	-12.5%
FY 2014	+1.1%	-14.5%	-10.7%	-35.7%	-30.5%	-31.0%	-142.4%	+77.8%	-4.0%	+13.3%	+2.0%	-11.5%

SegmentsFY 2025

Revenue Mix

Period	Total	Oil and Gas Service	Electrical Power Products	Electricity	Petrochemical	Other, Customers	Traction Power Customer	Commercial and Other Industrial	Process Control Systems	Light Rail Traction Power Customer
FY 2025	$1.10B	$406.6M	--	$279.0M	$151.2M	$48.1M	--	$178.2M	--	$41.3M
FY 2024	$840.4M	$417.2M	--	$186.5M	$185.6M	$51.1M	--	--	--	--
FY 2023	$595.3M	$273.1M	--	$158.4M	$94.2M	$41.5M	$28.1M	--	--	--
FY 2022	$476.1M	$215.2M	--	$122.4M	$66.5M	$27.1M	$44.9M	--	--	--
FY 2021	$470.6M	$187.7M	--	$111.2M	$59.0M	$53.6M	$59.1M	--	--	--
FY 2020	$518.5M	$195.2M	--	$88.8M	$126.7M	$65.4M	$42.4M	--	--	--
FY 2019	$517.2M	$242.3M	--	$85.0M	$93.4M	$69.7M	$26.8M	--	--	--
FY 2013	$674.8M	--	$635.3M	--	--	--	--	--	$39.5M	--
FY 2012	$717.2M	--	$686.6M	--	--	--	--	--	$30.6M	--

Period	Total	UNITED STATES	U S	CANADA	C A	Middle East And Africa	Segment Geographical Group Of Countries Group One	Europe	Segment Geographical Group Of Countries Group Two	FAR EAST	Mexico, Central America And South America	Asia Pacific	Segment Geographical Groups Of Countries Group Three	Segment Geographical Groups Of Countries Group Four
FY 2025	$1.10B	$880.2M	--	$157.2M	--	$27.4M	--	$25.1M	--	--	$5.1M	$9.3M	--	--
FY 2024	$1.01B	$846.5M	--	$106.5M	--	$13.4M	--	$31.4M	--	--	$7.6M	$6.8M	--	--
FY 2023	$699.3M	$557.9M	--	$84.1M	--	$15.0M	--	$26.7M	--	--	$9.4M	$6.2M	--	--
FY 2022	$532.6M	$405.0M	--	$81.2M	--	$20.7M	--	$17.7M	--	--	$3.1M	$4.9M	--	--
FY 2021	$470.6M	$351.4M	--	$68.7M	--	$26.6M	--	$13.0M	--	--	$2.0M	$8.9M	--	--
FY 2020	$518.5M	$398.0M	--	$66.1M	--	$18.2M	--	$15.9M	--	$18.1M	$2.3M	--	--	--
FY 2019	$517.2M	$406.6M	--	$64.3M	--	$18.4M	--	$13.7M	--	$11.4M	$2.7M	--	--	--
FY 2018	$448.7M	$335.7M	--	$42.2M	--	$38.5M	--	$10.5M	--	$13.0M	$8.7M	--	--	--
FY 2017	$324.9M	$279.4M	--	$45.5M	--	--	--	--	--	--	--	--	--	--
FY 2016	$565.2M	$405.3M	--	$77.3M	--	--	$40.3M	--	$26.2M	--	--	--	$7.9M	$8.3M
FY 2015	$661.9M	--	$474.0M	--	$101.2M	--	$40.6M	--	$23.6M	--	--	--	$12.0M	$10.5M
FY 2014	$647.8M	--	$365.1M	--	$137.7M	--	$84.3M	--	$34.9M	--	--	--	$15.1M	$10.7M

Transcripts

Events

Next earnings

2026-08-04EPS est $1.49

Recent filings

42026-06-12
42026-06-01
32026-05-28

Latest news

Why Powell Industries (POWL) Dipped More Than Broader Market Today
Zacks Investment Research · 2026-06-16
Is Trending Stock Powell Industries, Inc. (POWL) a Buy Now?
Zacks Investment Research · 2026-06-12

Analyst expectations

Consensus target

$237.67

-20.0%

Target range

$142.33 - $333.00

Rating mix

Hold

10 ratings

Next FY revenue

$1.20B

2026-09-30

Next FY EPS

$5.46

$5.27 - $5.66

Rating consensus10 ratings

Strong buy

Buy

Hold

Sell

Strong sell

Annual estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-09-30	$1.20B	$1.18B - $1.22B	$5.46	$5.27 - $5.66	$141.3M	$125.7M	$199.3M	$133.8M	4 rev / 4 EPS
2027-09-30	$1.45B	$1.32B - $1.61B	$6.57	$5.76 - $7.29	$170.7M	$151.8M	$243.7M	$161.5M	3 rev / 3 EPS
2028-09-30	$1.65B	$1.65B - $1.65B	$7.94	$7.07 - $9.38	$194.9M	$173.3M	$291.4M	$184.5M	4 rev / 4 EPS
2029-09-30	$1.72B	$1.63B - $1.85B	$8.13	$7.61 - $8.95	$202.6M	$180.2M	$296.8M	$191.8M	2 rev / 1 EPS
2030-09-30	$1.95B	$1.85B - $2.10B	$9.37	$8.77 - $10.32	$230.0M	$204.5M	$342.0M	$217.7M	2 rev / 1 EPS

Quarterly estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-06-30	$316.7M	$310.5M - $328.8M	$1.47	$1.38 - $1.54	$37.4M	$33.3M	$53.7M	$35.4M	4 rev / 4 EPS
2026-09-30	$332.3M	$322.3M - $338.7M	$1.57	$1.45 - $1.72	$39.2M	$34.9M	$57.5M	$37.1M	4 rev / 4 EPS
2026-12-31	$276.0M	$269.6M - $284.1M	$1.21	$1.18 - $1.26	$32.6M	$29.0M	$44.3M	$30.8M	3 rev / 2 EPS
2027-03-31	$327.3M	$319.6M - $336.9M	$1.49	$1.44 - $1.54	$38.6M	$34.4M	$54.4M	$36.6M	3 rev / 2 EPS
2027-06-30	$370.2M	$361.6M - $381.0M	$1.72	$1.66 - $1.78	$43.7M	$38.9M	$62.7M	$41.4M	2 rev / 1 EPS
2027-09-30	$385.9M	$376.9M - $397.2M	$1.81	$1.76 - $1.88	$45.6M	$40.5M	$66.2M	$43.1M	2 rev / 1 EPS
2027-12-31	$435.8M	$425.6M - $448.6M	$1.50	$1.45 - $1.56	$51.5M	$45.8M	$54.8M	$48.7M	3 rev / 2 EPS
2028-03-31	$460.4M	$449.7M - $473.9M	$1.78	$1.73 - $1.85	$54.4M	$48.3M	$65.0M	$51.5M	2 rev / 3 EPS

Price target history

Window	Targets	Average target
Last month	0	$0.00
Last quarter	2	$309.00
Last year	5	$221.07
All time	5	$221.07

Sources: TheFly

Latest grade actions

Date	Firm	Action	Previous	New
2026-05-11	Cantor Fitzgerald	Maintain	Neutral	Neutral
2026-05-06	JP Morgan	Maintain	Overweight	Overweight
2026-02-05	Cantor Fitzgerald	Maintain	Neutral	Neutral
2025-11-19	Roth Capital	Maintain	Buy	Buy
2022-06-10	Sidoti & Co.	Downgrade	Buy	Neutral
2022-03-29	Sidoti & Co.	Upgrade	Neutral	Buy
2020-08-11	Sidoti & Co.	Downgrade	Buy	Neutral
2020-03-19	Sidoti & Co.	Upgrade	Neutral	Buy

Historical rating snapshots

Date	Strong buy	Buy	Hold
2026-06-01	1	1	2
2026-05-01	1	1	2
2026-04-01	1	1	2
2026-03-01	0	1	2
2026-02-01	0	1	2
2026-01-01	0	2	2
2025-12-01	0	2	1
2025-11-01	0	2	1

Financials

Revenue

$1.10B

Gross margin

29.4%

Operating income

$217.9M

Free cash flow

$154.8M

Cash + ST investments

$475.5M

Net debt

-$449.1M

ROE

28.2%

ROIC

25.4%

EV / sales

2.9x

EV / EBITDA

13.4x

R&D / revenue

1.0%

Current ratio

2.1x

Income statement annual

Period	Revenue	Gross profit	Gross margin	R&D	Operating income	EBITDA	Net income	EPS
FY 2025	$1.10B	$324.4M	29.4%	$11.0M	$217.9M	$240.8M	$180.7M	$4.99
FY 2024	$1.01B	$273.1M	27.0%	$9.4M	$178.8M	$203.0M	$149.8M	$4.17
FY 2023	$699.3M	$147.6M	21.1%	$6.2M	$62.5M	$77.6M	$54.5M	$1.53
FY 2022	$532.6M	$85.0M	16.0%	$7.0M	$7.2M	$19.2M	$13.7M	$0.39
FY 2021	$470.6M	$75.1M	16.0%	$6.8M	$1.0M	$11.7M	$631,000	$0.02
FY 2020	$518.5M	$94.4M	18.2%	$6.3M	$20.6M	$31.1M	$16.7M	$0.48
FY 2019	$517.2M	$87.0M	16.8%	$6.3M	$11.5M	$24.6M	$9.9M	$0.28
FY 2018	$448.7M	$65.4M	14.6%	$6.7M	-$9.1M	$5.4M	-$7.2M	$-0.21
FY 2017	$395.9M	$50.8M	12.8%	$6.9M	-$19.3M	-$4.0M	-$9.5M	$-0.28
FY 2016	$565.2M	$106.2M	18.8%	$6.7M	$15.8M	$37.5M	$15.5M	$0.45
FY 2015	$661.9M	$108.3M	16.4%	$7.0M	$20.6M	$37.6M	$9.4M	$0.27
FY 2014	$647.8M	$125.5M	19.4%	$7.6M	$29.3M	$43.0M	$29.2M	$0.81

Cash flow annual

Period	Operating cash flow	Capex	Free cash flow
FY 2025	$167.9M	$13.1M	$154.8M
FY 2024	$108.7M	$12.0M	$96.7M
FY 2023	$182.6M	$7.8M	$174.7M
FY 2022	-$3.6M	$2.5M	-$6.0M
FY 2021	-$30.5M	$2.9M	-$33.4M
FY 2020	$72.4M	$5.2M	$67.3M
FY 2019	$68.8M	$4.3M	$64.5M
FY 2018	-$28.5M	$4.4M	-$33.0M
FY 2017	$36.8M	$3.6M	$33.2M
FY 2016	$74.9M	$3.0M	$71.9M
FY 2015	$12.9M	$34.7M	-$21.8M
FY 2014	$9.1M	$16.5M	-$7.4M

Balance sheet annual

Period	Cash + ST inv.	Receivables	Inventory	PP&E	Assets	Debt	Net debt	Liabilities	Equity
FY 2025	$475.5M	$353.7M	$84.7M	$112.7M	$1.11B	$1.7M	-$449.1M	$468.2M	$640.8M
FY 2024	$358.4M	$317.3M	$85.9M	$104.6M	$928.2M	$1.2M	-$314.1M	$445.1M	$483.1M
FY 2023	$279.0M	$267.3M	$63.9M	$99.1M	$752.2M	$1.4M	-$244.4M	$407.2M	$345.0M
FY 2022	$116.5M	$194.6M	$50.4M	$100.8M	$493.4M	$2.3M	-$99.6M	$196.2M	$297.2M
FY 2021	$134.0M	$132.7M	$29.8M	$112.9M	$436.2M	$4.2M	-$110.1M	$135.0M	$301.2M
FY 2020	$178.9M	$121.4M	$29.0M	$119.6M	$472.3M	$6.6M	-$153.6M	$165.7M	$306.6M
FY 2019	$124.7M	$167.7M	$29.2M	$120.8M	$467.4M	$1.2M	-$117.4M	$168.3M	$299.2M
FY 2018	$49.8M	$182.0M	$21.4M	$128.8M	$430.0M	$1.6M	-$35.0M	$128.3M	$301.6M
FY 2017	$95.2M	$113.6M	$18.4M	$139.4M	$415.0M	$2.0M	-$66.4M	$93.7M	$321.3M
FY 2016	$97.7M	$168.9M	$26.5M	$145.0M	$462.5M	$2.4M	-$95.3M	$127.2M	$335.3M
FY 2015	$43.6M	$207.8M	$32.9M	$154.6M	$468.8M	$2.8M	-$40.8M	$135.6M	$333.3M
FY 2014	$103.1M	$205.9M	$32.8M	$156.9M	$541.4M	$3.2M	-$99.9M	$170.3M	$371.1M

Annual ratios and key metrics

Period	Gross margin	Op margin	Net margin	Current	Quick	ROE	ROIC	EV / sales	EV / EBITDA	FCF yield	R&D / rev.	Cash cycle
FY 2025	29.4%	19.7%	16.4%	2.1x	1.9x	28.2%	25.4%	2.9x	13.4x	4.2%	1.0%	125d
FY 2024	27.0%	17.7%	14.8%	1.8x	1.6x	31.0%	27.3%	2.3x	11.6x	3.6%	0.9%	120d
FY 2023	21.1%	8.9%	7.8%	1.6x	1.4x	15.8%	13.8%	1.1x	9.5x	17.7%	0.9%	144d
FY 2022	16.0%	1.4%	2.6%	2.0x	1.7x	4.6%	2.3%	0.3x	7.8x	-2.4%	1.3%	123d
FY 2021	16.0%	0.2%	0.1%	2.5x	2.3x	0.2%	0.2%	0.4x	15.2x	-11.6%	1.5%	89d
FY 2020	18.2%	4.0%	3.2%	2.2x	2.0x	5.4%	5.2%	0.2x	4.1x	24.0%	1.2%	80d
FY 2019	16.8%	2.2%	1.9%	2.1x	1.9x	3.3%	3.0%	0.6x	13.6x	14.2%	1.2%	100d
FY 2018	14.6%	-2.0%	-1.6%	2.3x	2.2x	-2.4%	-2.7%	0.8x	67.7x	-8.2%	1.5%	130d
FY 2017	12.8%	-4.9%	-2.4%	2.9x	2.7x	-3.0%	-3.3%	0.7x	-69.2x	9.7%	1.7%	89d
FY 2016	18.8%	2.8%	2.7%	2.6x	2.3x	4.6%	4.0%	0.6x	9.6x	15.7%	1.2%	102d
FY 2015	16.4%	3.1%	1.4%	2.4x	2.1x	2.8%	2.5%	0.5x	8.4x	-6.1%	1.1%	105d
FY 2014	19.4%	4.5%	4.5%	2.3x	2.1x	7.9%	4.9%	0.6x	9.1x	-1.5%	1.2%	90d

Annual growth

Period	Revenue	Gross profit	R&D	Op income	Net income	EPS	FCF	Capex	Cash + ST inv.	Inventory	Assets	Debt
FY 2025	+9.1%	+18.8%	+16.8%	+21.9%	+20.6%	+19.7%	+60.1%	-9.7%	+32.7%	-1.3%	+19.5%	+36.8%
FY 2024	+44.8%	+85.1%	+51.6%	+185.9%	+174.8%	+172.5%	-44.7%	-53.3%	+28.5%	+34.5%	+23.4%	-15.3%
FY 2023	+31.3%	+73.6%	-10.7%	+765.4%	+296.9%	+295.7%	+2996.3%	-219.0%	+139.5%	+26.7%	+52.5%	-38.2%
FY 2022	+13.2%	+13.3%	+2.0%	+608.9%	+2077.0%	+2052.1%	+81.9%	+15.2%	-13.0%	+69.0%	+13.1%	-45.1%
FY 2021	-9.2%	-20.5%	+9.0%	-95.0%	-96.2%	-96.2%	-149.6%	+43.6%	-25.1%	+3.0%	-7.6%	-35.8%
FY 2020	+0.3%	+8.5%	-1.0%	+79.5%	+68.5%	+68.2%	+4.3%	-20.6%	+43.5%	-0.8%	+1.0%	+448.8%
FY 2019	+15.3%	+33.1%	-5.8%	+225.6%	+238.3%	+237.1%	+295.2%	+5.5%	+150.6%	+36.8%	+8.7%	-25.0%
FY 2018	+13.3%	+28.7%	-2.7%	+52.8%	+24.6%	+25.3%	-199.6%	-23.8%	-47.7%	+15.7%	+3.6%	-20.0%
FY 2017	-30.0%	-52.2%	+2.6%	-222.7%	-161.2%	-161.0%	-53.8%	-19.4%	-2.6%	-30.4%	-10.3%	-16.7%
FY 2016	-14.6%	-1.9%	-3.6%	-23.7%	+64.3%	+70.0%	+429.6%	+91.2%	+124.3%	-19.4%	-1.3%	-14.3%
FY 2015	+2.2%	-13.7%	-8.3%	-29.6%	-67.7%	-67.1%	-195.9%	-110.5%	-57.7%	+0.2%	-13.4%	-12.5%
FY 2014	+1.1%	-14.5%	-10.7%	-35.7%	-30.5%	-31.0%	-142.4%	+77.8%	-4.0%	+13.3%	+2.0%	-11.5%

Revenue Mix