Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| Powell Industries Inc.POWL · manufacturing | |
|---|---|
| Grade |  Bsecond fifth of 255 graded peers; percentile 30.7, sampling error 3.0 points; lower is stronger |
| Rank | 79 of 255 |
| Profitability | Dpercentile 63.8 |
| Solvency | B/Cpercentile 39.2 |
| Growth and financing | Bpercentile 25.8 |
| Reliability | 0.91 AUCfailure model, filers with $591M to $2.67B assets; 95% interval 0.88 to 0.94; 160 events, 2020 to 2025 |
| Peer failure rate | 1.01% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | $591M to $2.67B assetstotal assets $1.1B[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | none active · fortress balance sheet |
| Inputs computable | 10 of 14 |
| Graded from | filings received through Nov 19, 2025324 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $189.182026-10-08; market equity $6.9B; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Nov 19, 2025; the document on sec.gov.
Powell Industries, Inc. is a Delaware corporation founded by William E. Powell in 1947. We develop, design, manufacture and service custom-engineered equipment and systems that distribute, control and monitor the flow of electrical energy and provide protection to motors, transformers and other electrically powered equipment. Our major subsidiaries, all of which are wholly owned, include Powell Electrical Systems, Inc.; Powell Canada, Inc.; Powell (UK) Limited; and Powell Industries International Limited. We are headquartered in Houston, Texas and primarily serve the oil and gas and petrochemical markets, the electric utility market, and commercial and other industrial markets.
Warnings [top]
7 checks ran; none of them enters the letter. The checks are listed on the warnings screen.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 63.8 | |||||||
| Gross profitability | 29.3% | [1,5] | 21.9% | 21.2 | 275 | 2025-09-30 | |
| Return on invested capital | not computable | 9.7% | |||||
| pretax income must exceed the validity floor and imply a 0%-100% tax rate | |||||||
| Accruals ratio | 1.3% | [1,6-8] | (3.6%) | 84.4 | 308 | 2025-09-30 | |
| Gross margin stability, five years | 5.5 pts | [2,5,9-16] | 2.1 pts | 86.0 | 229 | 2025-09-30 | |
| Solvency, sleeve percentile 39.2 | |||||||
| Twelve-month failure probability | 0.05% | 0.04% | 48.5 | 34 | 2026-06-30 | ||
| Altman Z double-prime | 7.48 | [1,17-22] | 3.66 | 14.8 | 244 | 2025-09-30 | |
| Net debt to EBITDA | not computable | 1.78x | |||||
| latest aligned inputs end 2022-09-30; latest annual assets end 2025-09-30 | |||||||
| Interest coverage | not computable | 5.09x | |||||
| latest aligned inputs end 2021-09-30; latest annual assets end 2025-09-30 | |||||||
| Current ratio | 2.09x | [17-18] | 2.25x | 54.3 | 325 | 2025-09-30 | |
| Growth and financing, sleeve percentile 25.8 | |||||||
| Revenue growth, three-year compound | 27.5% | [2,10,12,14] | 2.1% | 5.2 | 269 | 2025-09-30 | |
| Free cash flow growth, three-year compound | not computable | 13.9% | |||||
| current FCF must be positive and base FCF must exceed $100,000 | |||||||
| Reinvestment rate | 84.7% | [17-18,20,23-28] | 26.4% | 20.3 | 139 | 2025-09-30 | |
| Asset growth, three years | 31.0% | [1,8,29-30] | 4.4% | 7.2 | 279 | 2025-09-30 | |
| Net share issuance, one year | 0.6% | [31-32] | 0.01% | 70.7 | 243 | 2025-11-17 | |
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite -0.164; sampling error 3.0 percentile points on 255 peers.
Among 255 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 74 | Flowserve Corp. (FLS) Flowserve Corp. (FLS) Bsecond fifth; percentile 28.7 NYSE · Pumps & Pumping Equipment market equity $8.9B; last close $69.67 No active warnings; 11 of 14 inputs | 28.7 | B | |
| 75 | Twin Disc Inc. (TWIN) Twin Disc Inc. (TWIN) Bsecond fifth; percentile 29.1 Nasdaq · General Industrial Machinery & Equipment market equity $378.3M; last close $26.25 No active warnings; 9 of 14 inputs | 29.1 | B | |
| 76 | Smith & Wesson Brands, Inc. (SWBI) Smith & Wesson Brands, Inc. (SWBI) Bsecond fifth; percentile 29.5 Nasdaq · Ordnance & Accessories, (No Vehicles/Guided Missiles) market equity $641.7M; last close $14.32 No active warnings; 8 of 14 inputs | 29.5 | B | |
| 77 | Mueller Industries Inc. (MLI) Mueller Industries Inc. (MLI) Bsecond fifth; percentile 29.9 NYSE · Rolling Drawing & Extruding of Nonferrous Metals market equity $13.4B; last close $60.52 Warnings: fortress balance sheet; 9 of 14 inputs | 29.9 | B | fortress balance sheet |
| 78 | Core Molding Technologies Inc. (CMT) Core Molding Technologies Inc. (CMT) Bsecond fifth; percentile 30.3 NYSE · Plastics Products, NEC market equity $203.6M; last close $23.11 Warnings: fortress balance sheet; 12 of 14 inputs | 30.3 | B | fortress balance sheet |
| 79 | Powell Industries Inc. (POWL) Powell Industries Inc. (POWL) Bsecond fifth; percentile 30.7 Nasdaq · Switchgear & Switchboard Apparatus market equity $6.9B; last close $189.18 Warnings: fortress balance sheet; 10 of 14 inputs | 30.7 | B | fortress balance sheet |
| 80 | Snap-on Inc. (SNA) Snap-on Inc. (SNA) Bsecond fifth; percentile 31.1 NYSE · Cutlery, Handtools & General Hardware market equity $18.6B; last close $358.99 Warnings: fortress balance sheet; 7 of 14 inputs | 31.1 | B | fortress balance sheet |
| 81 | Sturm Ruger & Co. Inc. (RGR) Sturm Ruger & Co. Inc. (RGR) Bsecond fifth; percentile 31.5 NYSE · Ordnance & Accessories, (No Vehicles/Guided Missiles) market equity $696.8M; last close $43.64 No active warnings; 8 of 14 inputs | 31.5 | B | |
| 82 | Cimpress plc (CMPR) Cimpress plc (CMPR) Bsecond fifth; percentile 31.9 Nasdaq · Commercial Printing market equity $1.8B; last close $74.31 No active warnings; 10 of 14 inputs | 31.9 | B | |
| 83 | CPI Card Group Inc. (PMTS) CPI Card Group Inc. (PMTS) Bsecond fifth; percentile 32.3 Nasdaq · Commercial Printing market equity $288.3M; last close $25.01 No active warnings; 12 of 14 inputs | 32.3 | B | |
| 84 | Aaon, Inc. (AAON) Aaon, Inc. (AAON) Bsecond fifth; percentile 32.7 Nasdaq · Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip market equity $7.1B; last close $86.03 No active warnings; 7 of 14 inputs | 32.7 | B |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | B | 26.9 | 2204 |
| sector peers, equal sleeves (the grade) | B | 30.7 | 255 |
| same exchange, equal sleeves | B | 27.7 | 1219 |
| sector peers, equal inputs | B | 23.6 | 255 |
Each letter is one fifth of the 255 graded peers, about 51 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | 77.3% | 13.7% | 87 | hotter than 87 of 100 peers |
| Distance from 52-week high | (41.2%) | (24.3%) | 22 | closer to its high than 22 of 100 peers |
| EBIT to enterprise value | 3.5% | 4.1% | 44 | pricier than 56 of 100 peers |
| Free cash flow yield | 2.2% | 3.4% | 36 | pricier than 64 of 100 peers |
| Book value to price | 0.11 | 0.34 | 12 | pricier than 88 of 100 peers |
| Sales to price | 0.16 | 0.54 | 10 | pricier than 90 of 100 peers |
| Composite equity issuance, five years | (6.4%) | (9.5%) | 54 | more equity-funded than 54 of 100 peers |
| Relative strength against the sector, log excess return | 0.44 | (0.00) | 87 | ahead of 87 of 100 peers |
Inputs: market equity $6.9B; EBIT $217.9M; free cash flow $154.8M; book equity $756.2M; sales $1.1B; debt $0; cash $633.6M[33].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: None of 9, period end 2025-09-30 | ||
|---|---|---|
| Return on assets above zero | 19.5% | ✓ pass[6,8] |
| Operating cash flow above zero | $167.9M | ✓ pass[7] |
| Return on assets improved | (0.4 pts) | ✗ fail[6,8,29,34] |
| Operating cash flow exceeds net income | -$12.8M | ✗ fail[6-7] |
| Long-term leverage fell | n/a[1,8,29] | |
| Current ratio improved | 27.3 pts | ✓ pass[17-18,27-28] |
| No new shares issued | 0.6% | ✗ fail[31-32] |
| Gross margin improved | 2.4 pts | ✓ pass[2,5,9-10] |
| Asset turnover improved | (15.6 pts) | ✗ fail[2,8,10,29] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | $633.6M[35] |
| Operating cash flow, four quarters | $256.1M[7,35-39] |
| Months of runway | not finite |
| trailing operating cash flow is nonnegative, so runway is not finite | |
| Late filings, two years | 0 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 66 |
| 10-Q received Aug 4, 2026 | |
| Median daily dollar volume | $109.2M |
| 63 sessions | |
| Days since newest grade input | 324 |
Downloads [top]
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Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $1.1B | 2025-09-30 | 2025-11-19 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $1.1B | 2025-09-30 | 2025-11-19 | 10-K | filing · viewer · series |
| 3 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $102.0M | 2022-09-30 | 2023-12-06 | 10-K | filing · viewer · series |
| 4 | total debt | us-gaap:LongTermDebtAndCapitalLeaseObligations | $0 | 2022-09-30 | 2022-12-06 | 10-K | filing · viewer · series |
| 5 | gross profit | us-gaap:GrossProfit | $324.4M | 2025-09-30 | 2025-11-19 | 10-K | filing · viewer · series |
| 6 | net income | us-gaap:NetIncomeLoss | $180.7M | 2025-09-30 | 2025-11-19 | 10-K | filing · viewer · series |
| 7 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $167.9M | 2025-09-30 | 2025-11-19 | 10-K | filing · viewer · series |
| 8 | assets | us-gaap:Assets | $928.2M | 2024-09-30 | 2025-11-19 | 10-K | filing · viewer · series |
| 9 | gross profit | us-gaap:GrossProfit | $273.1M | 2024-09-30 | 2025-11-19 | 10-K | filing · viewer · series |
| 10 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $1.0B | 2024-09-30 | 2025-11-19 | 10-K | filing · viewer · series |
| 11 | gross profit | us-gaap:GrossProfit | $147.6M | 2023-09-30 | 2025-11-19 | 10-K | filing · viewer · series |
| 12 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $699.3M | 2023-09-30 | 2025-11-19 | 10-K | filing · viewer · series |
| 13 | gross profit | us-gaap:GrossProfit | $85.0M | 2022-09-30 | 2024-11-20 | 10-K | filing · viewer · series |
| 14 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $532.6M | 2022-09-30 | 2024-11-20 | 10-K | filing · viewer · series |
| 15 | gross profit | us-gaap:GrossProfit | $75.1M | 2021-09-30 | 2023-12-06 | 10-K | filing · viewer · series |
| 16 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $470.6M | 2021-09-30 | 2023-12-06 | 10-K | filing · viewer · series |
| 17 | current assets | us-gaap:AssetsCurrent | $931.7M | 2025-09-30 | 2025-11-19 | 10-K | filing · viewer · series |
| 18 | current liabilities | us-gaap:LiabilitiesCurrent | $446.4M | 2025-09-30 | 2025-11-19 | 10-K | filing · viewer · series |
| 19 | retained earnings | us-gaap:RetainedEarningsAccumulatedDeficit | $629.8M | 2025-09-30 | 2025-11-19 | 10-K | filing · viewer · series |
| 20 | operating income | us-gaap:OperatingIncomeLoss | $217.9M | 2025-09-30 | 2025-11-19 | 10-K | filing · viewer · series |
| 21 | book equity | us-gaap:StockholdersEquity | $640.8M | 2025-09-30 | 2025-11-19 | 10-K | filing · viewer · series |
| 22 | liabilities | us-gaap:Liabilities | $468.2M | 2025-09-30 | 2025-11-19 | 10-K | filing · viewer · series |
| 23 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $13.1M | 2025-09-30 | 2025-11-19 | 10-K | filing · viewer · series |
| 24 | depreciation amortization | us-gaap:DepreciationDepletionAndAmortization | $7.3M | 2025-09-30 | 2025-11-19 | 10-K | filing · viewer · series |
| 25 | pretax income | us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | $233.6M | 2025-09-30 | 2025-11-19 | 10-K | filing · viewer · series |
| 26 | income tax | us-gaap:IncomeTaxExpenseBenefit | $52.8M | 2025-09-30 | 2025-11-19 | 10-K | filing · viewer · series |
| 27 | current assets | us-gaap:AssetsCurrent | $776.5M | 2024-09-30 | 2025-11-19 | 10-K | filing · viewer · series |
| 28 | current liabilities | us-gaap:LiabilitiesCurrent | $428.0M | 2024-09-30 | 2025-11-19 | 10-K | filing · viewer · series |
| 29 | assets | us-gaap:Assets | $752.2M | 2023-09-30 | 2024-11-20 | 10-K | filing · viewer · series |
| 30 | assets | us-gaap:Assets | $493.4M | 2022-09-30 | 2023-12-06 | 10-K | filing · viewer · series |
| 31 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 12,092,083 | 2025-11-17 | 2025-11-19 | 10-K | filing · viewer · series |
| 32 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 12,018,448 | 2024-11-18 | 2024-11-20 | 10-K | filing · viewer · series |
| 33 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 36,432,564 | 2026-08-03 | 2026-08-04 | 10-Q | filing · viewer · series |
| 34 | net income | us-gaap:NetIncomeLoss | $149.8M | 2024-09-30 | 2025-11-19 | 10-K | filing · viewer · series |
| 35 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $633.6M | 2026-06-30 | 2026-08-04 | 10-Q | filing · viewer · series |
| 36 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $195.0M | 2026-06-30 | 2026-08-04 | 10-Q | filing · viewer · series |
| 37 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $94.8M | 2026-03-31 | 2026-05-05 | 10-Q | filing · viewer · series |
| 38 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $43.6M | 2025-12-31 | 2026-02-04 | 10-Q | filing · viewer · series |
| 39 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $106.9M | 2025-06-30 | 2026-08-04 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 30.7 is 9.3 points from the nearest band edge; sampling error is 3.0 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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