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Powell Industries (POWL) earnings and revenue breakdown

Latest: Q3 FY26 · 10-Q filed Aug 4, 2026 · Powell Industries (POWL) Q3 FY26 earnings results →

Q3 FY26 Revenue up 9% year over year to $312M · 17¢ of every $1 of revenue kept as net profit · operating margin 20.6%

Powell Industries made $312M in Q3 FY26 (+9% Y/Y): Oil and Gas Service $106M, Electric utility $88.6M, Commercial and other industrial $76.3M. Operating margin 20.6%, net earnings $52.2M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 4, 2026.

Revenue$312M

Year over year+9%

Operating margin20.6%

Net earnings$52.2M

Operating cash flow$100M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $311.7M in Q3 FY26, up 9% year over year and up 5% from the previous quarter. Oil and Gas Service was the largest line at 34% of revenue. Commercial and other industrial added $26.8M year over year (up 54%), 105% of the total change. Petrochemical declined 49%.

Gross margin was 30.6%, down 0.1 points from Q3 FY25. Operating profit was $64.1M, a 20.6% margin (down 0.4 points year over year). Of the extra revenue versus Q3 FY25, 16% reached operating profit, below the 21% margin then. Operating expenses grew 12% against revenue growth of 9%. The fastest-growing cost line was Research & development (+62%). Net earnings were $52.2M, up 8% year over year. The effective tax rate was 24.5%.

Operating cash flow was $100.2M (up 112% year over year), 192% of net earnings. Non-cash charges added back $2.2M of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items added $44.5M. Capital expenditures of $6.5M left free cash flow of $93.7M.

Quarterly history

Quarter	Form	Filed	Revenue	Y/Y	Op. margin	Net earnings	Op. cash flow
Q3 FY26	10-Q	Aug 4, 2026	$312M	+9%	20.6%	$52.2M	$100M
Q2 FY26	10-Q	May 5, 2026	$297M	+6%	19.4%	$45.9M	$51.2M
Q1 FY26	10-Q	Feb 4, 2026	$251M	+4%	17.0%	$41.4M	$43.6M
Q4 FY25	10-K	Nov 19, 2025	$298M	+8%	21.2%	$51.4M	$61.1M
Q3 FY25	10-Q	Aug 6, 2025	$286M	-0.7%	21.0%	$48.2M	$47.4M
Q2 FY25	10-Q	May 7, 2025	$279M	+9%	21.1%	$46.3M	$22.4M
Q4 FY24	10-K	Nov 20, 2024	$275M	+32%	20.4%	$46.1M	−$6.0M

Charts

Latest (Q3 FY26): Y/Y +9%, Q/Q +5%.

From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.

Latest (Q3 FY26): Net income $52.2M, Operating cash flow $100M.

+4.1% since FY20: more shares outstanding (issuance, stock pay).

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