Logo

PSIX

Power Solutions International, Inc.

PSIX

Power Solutions International, Inc. • NASDAQ
$54.08 ▲ 2.79% (+1.47)
Market Cap $1.25 B
52w High $121.78
52w Low $15.30
Dividend Yield 0%
P/E 10.28
Volume 153.16K
Outstanding Shares 23.04M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $203.829M ▲ $20.354M ▼ $27.616M ▼ 13.549% ▼ $1.2 ▼ $29.752M ▼
Q2-2025 $191.907M ▲ $21.601M ▲ $51.212M ▲ 26.686% ▲ $2.23 ▲ $34.108M ▲
Q1-2025 $135.446M ▼ $15.66M ▼ $19.082M ▼ 14.088% ▼ $0.83 ▼ $25.916M ▲
Q4-2024 $144.299M ▼ $17.982M ▲ $23.287M ▲ 16.138% ▲ $1.01 ▲ $22.519M ▼
Q3-2024 $215.26M $15.973M $17.337M 8.054% $0.75 $25.666M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $49.046M ▼ $458.946M ▲ $296.492M ▼ $162.454M ▲
Q2-2025 $49.459M ▼ $437.682M ▲ $302.031M ▲ $135.651M ▲
Q1-2025 $50.021M ▼ $372.728M ▲ $288.385M ▲ $84.343M ▲
Q4-2024 $55.252M ▲ $328.182M ▼ $262.932M ▼ $65.25M ▲
Q3-2024 $40.456M $339.135M $297.029M $42.106M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $27.616M ▼ $3.256M ▼ $-1.529M ▲ $-2.119M ▲ $-392K ▲ $1.727M ▼
Q2-2025 $51.212M ▲ $16.663M ▲ $-2.025M ▲ $-15.179M ▼ $-541K ▲ $14.627M ▲
Q1-2025 $19.082M ▼ $8.811M ▼ $-3.403M ▼ $-10.24M ▲ $-4.832M ▼ $5.408M ▼
Q4-2024 $23.287M ▲ $32.651M ▲ $-2.602M ▼ $-15.231M ▼ $14.818M ▲ $30.049M ▲
Q3-2024 $17.337M $12.575M $-430K $-464K $11.681M $12.145M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Energy End Market
Energy End Market
 $110.00M ▲$110.00M ▲$160.00M ▲$170.00M ▲
Industrial End Market
Industrial End Market
 $30.00M ▲$20.00M ▼$30.00M ▲$30.00M ▲
Transportation End Market
Transportation End Market
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Over the past five years, the business has moved from being barely profitable and sometimes loss‑making to generating solid, consistent earnings. Sales have stayed in a relatively tight band, but profitability has improved meaningfully as the company has lifted gross margins and kept operating costs under better control. Losses earlier in the period have turned into increasingly strong net profits, with a particularly large step‑up in the most recent year. Overall, the income statement now reflects a company that has transitioned from turnaround mode to a more stable, profit‑generating phase, though it will need to show that these higher margins are sustainable through a full industry cycle.

Balance Sheet

Balance Sheet The balance sheet has strengthened noticeably. A few years ago, the company carried negative equity, which is usually a warning sign, but retained profits have rebuilt that cushion back into positive territory. Total assets have inched up while debt has gradually come down from its peak, reducing financial strain but not eliminating leverage risk. Cash levels have improved from very thin buffers to a more comfortable position, giving the company better resilience against shocks. In short, financial health has moved from fragile to more balanced, but the company is not yet in an ultra‑conservative position and still needs ongoing discipline around debt and working capital.

Cash Flow

Cash Flow Cash generation has improved from a weak base. Earlier in the period, the business struggled to consistently turn its accounting profits into cash, with operating and free cash flow sometimes negative. Over the last two years, that picture has flipped: operations are now producing healthy positive cash flow, and because investment spending is modest, most of that flows through as free cash. This suggests better working‑capital management and more profitable contracts. The flip side is that very low capital spending may indicate limited expansion investment, so the company will need to balance conserving cash with funding future growth and technology updates.

Competitive Edge

Competitive Edge Power Solutions International operates in a specialized corner of the industrial engine market, focusing on alternative‑fuel solutions rather than conventional diesel. Its edge comes from deep know‑how in customized engines, emissions compliance, and integrated power systems delivered as turnkey packages to equipment makers. This specialization, broad engine portfolio, and ability to tailor solutions create switching costs for customers and form a reasonable competitive moat. However, the company still faces competition from larger engine makers, exposure to cyclical industrial demand, and lingering reputational risk from past financial reporting issues, so its position is defensible but not unassailable.

Innovation and R&D

Innovation and R&D Innovation is tightly linked to practical customer needs rather than blue‑sky research. The company has built strong capabilities in fuel‑agnostic engine design, advanced emissions control, and purpose‑built propane and natural‑gas engines, all supported by in‑house engineering, testing, and prototyping. Its integrated systems approach—bundling engines with fuel, cooling, and controls—relies heavily on ongoing engineering work and incremental R&D to meet evolving regulations. Partnerships with firms like Baudouin and HD Hyundai Infracore broaden its technology base and market reach, while early moves into new energy and battery powertrains show awareness of long‑term shifts. The key question is how quickly and effectively PSIX can scale these newer solutions as the market moves toward lower‑carbon and hybrid systems.

Summary

Power Solutions International looks like a turnaround story that has gained meaningful traction. Profitability and cash generation have improved sharply, and the balance sheet has shifted from stressed to reasonably stable, reducing near‑term financial risk. The company benefits from a clear niche in alternative‑fuel industrial engines, strong customization capabilities, and a track record of meeting tough emissions standards, all of which support its competitive standing. At the same time, it remains a relatively small industrial player exposed to economic cycles, faces larger competitors, and carries a history of governance and reporting problems that cannot be ignored. Future performance will hinge on maintaining current margin levels, continuing to generate solid cash, and successfully extending its technology and partnerships into growing areas like power generation, data centers, and new‑energy powertrains.

NEWS

November 11, 2025 · 12:11 PM UTC

INVESTOR ALERT: Investigation of Power Solutions International, Inc. (PSIX) Announced by Holzer & Holzer, LLC

Read more

November 10, 2025 · 6:00 PM UTC

Securities Fraud Investigation Into Power Solutions International, Inc. (PSIX) Announced – Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm

Read more

November 10, 2025 · 4:00 PM UTC

Power Solutions International, Inc. (PSIX) Shareholders Who Lost Money – Contact Law Offices of Howard G. Smith About Securities Fraud Investigation

Read more

November 10, 2025 · 1:08 PM UTC

Securities Fraud Investigation Into Power Solutions International, Inc. (PSIX) Announced – Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz

Read more

November 6, 2025 · 4:38 PM UTC

Power Solutions International Announces Strong Third Quarter 2025 Financial Results

Read more