Capital investment and capacitypositive · 5 filings
“Cash provided by investing activities in the first nine months of Fiscal 2026 was primarily due to maturities of short-term investments, partially offset by capital spending.”10-Q · Aug 4, 2026 ↗
Powell Industries, Inc.
POWL
Market read
Powell Industries, Inc.'s current read is isolated; its market group is not confirming.
The latest filing is mixed. 0 of 15 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.
What changed
- Revenue increased 8.9% versus the comparable filing period.
Company-1.9% todayVolume comparison unavailable
Market group0 of 15 activeTechnology Tilt · unavailable
Disclosed network0 of 1 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- Company reports securing four "mega" orders in H1 Fiscal 2026, including two data center projects, one LNG project and one electric utility project.
Invalidation: The isolated read changes if POWL's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing is mixed. 0 of 15 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.
Evidence that supports
- Revenue increased 8.9% versus the comparable filing period.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- Company reports securing four "mega" orders in H1 Fiscal 2026, including two data center projects, one LNG project and one electric utility project.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations327
Usable filing statements117
Verified relationships1
Evidence supporting the case
- Latest annual revenue changed +9.1% year over year.
- Operating margin changed +2.1 percentage points in the latest annual period.
- Net margin changed +1.6 percentage points in the latest annual period.
- Capital investment and capacity has repeated favorable evidence across 5 filings.
- Demand and volume has repeated favorable evidence across 5 filings.
Evidence challenging the case
No qualifying adverse evidence was identified; that is not proof there is no downside.
Questions before a position
- P/E is 53% below the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 50% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 10, 2026
176.846m-65.7%12m-36.1%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-09-30$470.6M-9.2%$0.05+0.8%
2022-09-30$532.6M+13.2%$1.15+1.3%
2023-09-30$699.3M+31.3%$4.50+1.5%
2024-09-30$1.0B+44.8%$12.29+0.6%
2025-09-30$1.1B+9.1%$14.86-0.2%
What management says matters
Persistent and emerging business drivers
Demand and volumemixed · 5 filings
“These declines were primarily attributable to a reduction in backlog within the petrochemical market following the completion of a large petrochemical order secured in Fiscal 2023, as well as lower backlog levels in these markets.”10-Q · Aug 4, 2026 ↗
Product pipeline and R&Dnegative · 5 filings
“The increase in net income was primarily driven by higher gross profit, partially offset by higher selling, general and administrative expenses and research and development expenses, including the impact of the Remsdaq Limited acquisition completed in August…”10-Q · Aug 4, 2026 ↗
Legal and regulatory exposuremixed · 4 filings
“Cyclicality is predominantly driven by customer demand, global economic and geopolitical conditions and anticipated environmental, safety or regulatory changes that affect the manner in which our customers proceed with capital investments.”10-Q · May 5, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 1.9× · EV/sales 1.5×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
176.84-1.9% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for POWL. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment
The latest filing presents a mixed picture
10-Q filed 2026-08-04 against the comparable filing from 2025-08-06.
OperationsmixedEvidence score +1
liquidityneutralEvidence score 0
valuationdiscount
Capital and cash conversion
Cash conversion improved
Capital-spending intensity declined while free-cash-flow margin improved.
- Capital spending YoY
- -8.7%
- Capital spending / revenue
- +1.2%
- Free-cash-flow margin
- +21.5%
- FCF margin change
- +9.6 pts
Capex, revenue, and operating cash flow are matched to the same reported duration. Reported accounting context, not a forecast or trading recommendation.
What improved
- Revenue increased 8.9% versus the comparable filing period.
What weakened
No thresholded deterioration was identified.
Filing receipts
“The increase in gross profit was primarily driven by higher revenues, as well as improved gross profit margin resulting from favorable volume leverage and strong project execution in a stable pricing environment.”
“The increase was primarily driven by our strong earnings performance, partially offset by cash payments related to shares withheld in lieu of employee tax withholding, capital expenditures and dividend payments.”
“Cash provided by investing activities in the first nine months of Fiscal 2026 was primarily due to maturities of short-term investments, partially offset by capital spending.”
Historical filing backfill generated after the original filing window. It is not part of Jodie's live track record.
Business ecosystem
The relationships behind POWL
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
ETNEaton Corporation plccompetitorNov 19, 2025 ▾
“Our principal competitors include ABB, Eaton, Schneider, and Siemens Industries, Inc.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 1 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
POWL is currently a Participant in the organic co-movement group Technology Tilt. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for POWL; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.