Filing Flows › Powell Industries (POWL) › Q3 FY26 › vs Q3 FY25
Powell Industries (POWL) Q3 FY26 vs Q3 FY25 (year over year)
Powell Industries's revenue rose $25.5M (+9%) from $286M in Q3 FY25 to $312M in Q3 FY26. The biggest changes: Commercial and other industrial +$26.8M (+54%); Petrochemical −$17.9M (-49%); Electric utility +$13.7M (+18%). Gross margin 30.6% against 30.7% (-0.1 pts).
Powell Industries, Q3 FY26: revenue $312M (+9% year over year), operating margin 20.6%, net earnings $52.2M, operating cash flow $100M. The chart draws each line against Q3 FY25, the increases inside each band.
Margins
| Q3 FY26 | Q3 FY25 | Change | |
|---|---|---|---|
| Gross margin | 30.6% | 30.7% | -0.1 pts |
| Operating margin | 20.6% | 21.0% | -0.4 pts |
| Net margin | 16.7% | 16.8% | -0.1 pts |
| Free cash flow margin | 30.1% | 14.8% | +15.3 pts |
Every line
| Line | Q3 FY26 | Q3 FY25 | Change | % |
|---|---|---|---|---|
| Oil and Gas Service | $106M | $105M | $811K | +0.8% |
| Electric utility | $88.6M | $74.9M | $13.7M | +18% |
| Commercial and other industrial | $76.3M | $49.5M | $26.8M | +54% |
| Petrochemical | $18.5M | $36.3M | −$17.9M | -49% |
| All others | $14.1M | $11.5M | $2.6M | +23% |
| Light rail traction power | $8.0M | $8.5M | −$588K | -7% |
| Revenue | $312M | $286M | $25.5M | +9% |
| Gross profit | $95.3M | $87.9M | $7.4M | +8% |
| Cost of revenue | $216M | $198M | $18.1M | +9% |
| Other income, net | $5.0M | $4.0M | $1.1M | +27% |
| Operating profit | $64.1M | $60.1M | $4.0M | +7% |
| Operating expenses | $31.2M | $27.8M | $3.4M | +12% |
| Pre-tax earnings | $69.1M | $64.1M | $5.0M | +8% |
| Research & development | $4.3M | $2.7M | $1.6M | +62% |
| SG&A | $26.7M | $25.1M | $1.6M | +6% |
| Net earnings | $52.2M | $48.2M | $3.9M | +8% |
| Income tax | $17.0M | $15.9M | $1.1M | +7% |
| Depreciation & amortization | $2.2M | $1.7M | $423K | +24% |
| Share-based compensation | $1.4M | $1.1M | $307K | +27% |
| Working capital & other | $44.5M | −$3.7M | $48.2M | — |
| Operating cash flow | $100M | $47.4M | $52.8M | +112% |
| Free cash flow (OCF − capex) | $93.7M | $42.3M | $51.4M | +122% |
| Capital expenditures | $6.5M | $5.1M | $1.4M | +28% |
Questions
How much did Powell Industries's revenue grow year over year in Q3 FY26?
Powell Industries's revenue rose $25.5M (+9%) from $286M in Q3 FY25 to $312M in Q3 FY26.
What drove Powell Industries's revenue change in Q3 FY26?
Commercial and other industrial +$26.8M (+54%); Petrochemical −$17.9M (-49%); Electric utility +$13.7M (+18%).