POWER SOLUTIONS INTERNATIONAL, INC. PSIX

Industrials SIC 3510 - Engines & Turbines NAICS Manufacturing › Machinery Manufacturing › Engine, Turbine, and Power Transmission Equipment Manufacturing derived Nasdaq

Power Solutions International, Inc., incorporated under the laws of the state of Delaware in 2011, designs, engineers, manufactures, markets and sells a broad range of advanced, emission-certified engines and power systems that are powered by a wide variety of clean, alternative fuels, including natural gas, propane, and biofuels, as well as gasoline and diesel options, within the power systems, industrial and transportation end markets. The Company manages the business as a single reportable segment.

The Company's products are primarily used by global original equipment manufacturers ("OEMs") and end-user customers across a wide range of applications and equipment that includes standby and prime power generation, demand response, microgrid, combined heat and power, arbor equipment, material handling (including forklifts), agricultural and turf, construction, pumps and irrigation, compressors and utility vehicles.

Last close 45.63 2026-10-23
Market cap $1.05B 2026-06-30 share count
52-week range 25.28 - 106.50

Valuation FY2025 figures against the last close

P/S1.5x
P/E9.2x
P/FCF74.4x
EV/EBITDA8.9x
Dividend yield—
Diluted EPS4.94

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Pacific Rim
  • North America (outside of United States)
  • Other
Revenue by geography, 4 categories over 1 years. The same figures are in the table below. FY2025 United States, FY2025: 675.2M (93.5%) 93% United States Pacific Rim, FY2025: 22.3M (3.1%) North America (outside of United States), FY2025: 21.3M (2.9%) Other, FY2025: 3.6M (0.5%)
Region FY2025
United States $675.2M
Pacific Rim $22.3M
North America (outside of United States) $21.3M
Other $3.6M

As the company reported it, from the “Revenue - Schedule of Disaggregation of Revenue and Schedule of Revenue from External Customers by Geographic Areas (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $722.4M$476.0M$459.0M$481.3M$456.3M$417.6M$546.1M$496.0M$416.6M$339.5M
Cost of revenue $537.5M$335.4M$353.1M$392.8M$415.0M$359.2M$446.2M$437.3M$365.6M$310.3M
Gross profit $184.9M$140.5M$105.9M$88.6M$41.3M$58.4M$99.9M$58.8M$51.0M$29.2M
R&D $18.2M$20.1M$19.5M$18.9M$22.4M$25.4M$24.9M$28.6M$19.9M$19.0M
Total operating expenses $75.2M$58.9M$61.6M$64.0M$82.8M$80.2M$82.7M$95.5M$69.0M$54.5M
Operating income $109.7M$81.6M$44.3M$24.6M-$41.6M-$21.7M$17.2M-$36.7M-$18.0M-$25.3M
Interest expense $6.7M$11.4M$17.1M$13.0M$7.3M$5.7M$7.9M$7.6M$10.8M$11.2M
Pre-tax income $103.4M$70.2M$27.2M$11.6M-$48.9M-$26.7M$8.7M-$54.6M-$47.2M-$35.9M
Income tax $10.6M$922.0K$900.0K$304.0K$406.0K$3.7M$409.0K$169.0K$443.0K$11.6M
Net income $114.0M$69.3M$26.3M$11.3M-$48.5M-$23.0M$8.2M-$54.7M-$47.6M-$47.5M
EPS, basic 4.953.011.150.49-2.12-1.000.38-2.94-6.20-4.34
EPS, diluted 4.943.011.150.49-2.12-1.000.38-2.94-6.20-4.47
Shares, diluted (wtd. avg.) 23.1M23.0M23.0M22.9M22.9M22.9M21.5M18.6M13.8M10.9M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $41.2M$55.3M$26.6M$27.9M$9.7M$24.3M$3.0K$54.0K$0$342.0K
Receivables $90.4M$69.0M$67.0M$89.9M$65.1M$60.1M$104.5M$86.5M$56.7M$64.3M
Inventory $127.4M$93.9M$84.9M$120.6M$142.2M$108.2M$108.8M$105.6M$103.3M$97.3M
Total current assets $290.9M$254.3M$205.4M$255.3M$230.2M$202.7M$222.5M$216.0M$174.5M$184.1M
Property, plant and equipment ——————$23.2M$24.3M$19.1M$19.2M
Goodwill $29.8M$29.8M$29.8M$29.8M$29.8M$29.8M$29.8M$29.8M$29.8M$29.8M
Other intangibles $1.2M$2.5M$3.9M$5.7M$7.8M$10.3M$13.4M$17.0M$23.6M$24.8M
Total assets $424.7M$328.2M$284.3M$319.9M$300.5M$284.0M$313.7M$289.9M$251.5M$263.0M
Accounts payable $48.2M$58.2M$67.4M$76.4M$93.3M$31.5M$75.8M$85.2M$55.6M$67.2M
Short-term debt $28.0K$52.0K$139.0K$130.0K$107.0K$310.0K$195.0K$80.0K$0$0
Total current liabilities $92.3M$227.6M$248.3M$319.3M$283.3M$239.5M$181.6M$220.7M$111.0M$112.9M
Long-term debt $10.0K$38.0K$90.0K$5.0M$25.4M$781.0K$55.7M$55.1M$54.2M$54.0M
Total liabilities $246.1M$262.9M$288.2M$350.3M$342.6M$277.9M$285.2M$308.5M$205.5M$208.3M
Retained earnings $22.5M-$91.5M-$160.8M-$187.1M-$198.4M-$149.9M-$126.9M-$135.2M-$66.8M-$59.1M
Total equity $178.6M$65.2M-$3.9M-$30.4M-$42.0M$6.1M$28.5M-$18.6M$32.2M$40.7M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $24.1M$62.4M$70.5M-$8.8M-$61.5M-$7.6M$18.2M-$6.2M-$7.7M$32.3M
Depreciation and amortisation $4.2M$3.7M$3.9M$4.6M$4.9M$5.1M$5.2M$5.2M$4.6M$4.6M
Stock-based compensation $427.0K$89.0K$151.0K$385.0K$394.0K$607.0K$1.2M$2.7M$473.0K$1.6M
Capital expenditure $10.0M$4.6M$5.0M$1.4M$2.0M$2.4M$3.7M$3.6M$5.1M$3.9M
Investing cash flow -$10.0M-$4.6M-$5.0M-$1.4M$398.0K-$1.4M-$3.7M-$10.2M-$5.2M-$1.7M
Financing cash flow -$27.7M-$25.9M-$66.8M$28.4M$46.5M$33.3M-$14.6M$16.5M$10.6M-$36.8M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-263149.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -200M 0 200M 400M 600M 800M Revenue, FY2016: 339.5M Gross profit, FY2016: 29.2M Net income, FY2016: -47.5M Revenue, FY2017: 416.6M Gross profit, FY2017: 51M Net income, FY2017: -47.6M Revenue, FY2018: 496M Gross profit, FY2018: 58.8M Net income, FY2018: -54.7M Revenue, FY2019: 546.1M Gross profit, FY2019: 99.9M Net income, FY2019: 8.2M Revenue, FY2020: 417.6M Gross profit, FY2020: 58.4M Net income, FY2020: -23M Revenue, FY2021: 456.3M Gross profit, FY2021: 41.3M Net income, FY2021: -48.5M Revenue, FY2022: 481.3M Gross profit, FY2022: 88.6M Net income, FY2022: 11.3M Revenue, FY2023: 459M Gross profit, FY2023: 105.9M Net income, FY2023: 26.3M Revenue, FY2024: 476M Gross profit, FY2024: 140.5M Net income, FY2024: 69.3M Revenue, FY2025: 722.4M Gross profit, FY2025: 184.9M Net income, FY2025: 114M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $339.5M $416.6M $496.0M $546.1M $417.6M $456.3M $481.3M $459.0M $476.0M $722.4M
Gross profit $29.2M $51.0M $58.8M $99.9M $58.4M $41.3M $88.6M $105.9M $140.5M $184.9M
Net income -$47.5M -$47.6M -$54.7M $8.2M -$23.0M -$48.5M $11.3M $26.3M $69.3M $114.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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