Unless the context indicates otherwise, references in this 2025 Annual Report to “Power Solutions,” “PSI,” “the Company,” “Corporate,” “it,” “its” and “itself” mean Power Solutions International, Inc. and its wholly-owned subsidiaries. References herein to “2025,” “fiscal 2025” or “fiscal year 2025” refer to the fiscal year ended December 31, 2025. References herein to “2024,” “fiscal 2024” or “fiscal year 2024” refer to the fiscal year ended December 31, 2024. General Business Overview Power Solutions International, Inc., incorporated under the laws of the state of Delaware in 2011, designs, engineers, manufactures, markets and sells a broad range of advanced, emission-certified engines and power systems that are powered by a wide variety of clean, alternative fuels, including natural gas, propane, and biofuels, as well as gasoline and diesel options, within the power systems, industrial and transportation end markets. The Company manages the business as a single reportable segment.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 722M | 722M | 476M | 459M | 481M | 456M |
| Net Income | 114M | 114M | 69M | 26M | 11M | -48M |
| EPS | $4.94 | $4.94 | $3.01 | $1.15 | $0.49 | $-2.12 |
| Free Cash Flow | 14M | 14M | 58M | 65M | -10M | -63M |
| ROIC | 88.1% | 125.8% | 24.6% | 31.2% | 16.6% | -13.8% |
| Gross Margin | 25.6% | 25.6% | 29.5% | 23.1% | 18.4% | 9.0% |
| Debt/Equity | 0.00 | 0.00 | 0.38 | -37.03 | -6.94 | -4.29 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 110M | 110M | 82M | 44M | 25M | -42M |
| Operating Margin | 15.2% | 15.2% | 17.2% | 9.6% | 5.1% | -9.1% |
| ROE | 63.8% | 93.5% | 106.2% | - | - | - |
| Shares Outstanding | 23M | 23M | 23M | 23M | 23M | 23M |
POWER SOLUTIONS INTERNATIONAL, INC. passes 6 of 9 quality checks, suggesting mixed fundamentals.
POWER SOLUTIONS INTERNATIONAL, INC. trades at 17.3x trailing earnings, compared to its 15-year median P/E of 9.0x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 139.2x vs a median of 4.7x. The company's 5-year average ROIC is 36.9% with a gross margin of 21.1%. At current prices, the estimated annualized return to fair value is +54.0%.
POWER SOLUTIONS INTERNATIONAL, INC. (PSIX) has a current P/E ratio of 17.3, compared to its historical median P/E of 9.0. The stock is currently considered Expensive based on its historical valuation range.
POWER SOLUTIONS INTERNATIONAL, INC. (PSIX) has a 5-year average return on invested capital (ROIC) of 36.9%. This indicates strong capital allocation and a potential competitive advantage.
POWER SOLUTIONS INTERNATIONAL, INC. (PSIX) has a market capitalization of $2.0B. It is classified as a small-cap stock.
POWER SOLUTIONS INTERNATIONAL, INC. (PSIX) does not currently pay a regular dividend.
Based on historical P/E analysis, POWER SOLUTIONS INTERNATIONAL, INC. (PSIX) appears expensive. The current P/E of 17.3 is 92% above its historical median of 9.0. The estimated fair value CAGR (P/E method) is 70.3%.
POWER SOLUTIONS INTERNATIONAL, INC. (PSIX) operates in the Engines & Turbines industry, within the Industrials sector.
POWER SOLUTIONS INTERNATIONAL, INC. (PSIX) reported annual revenue of $722 million in its most recent fiscal year, based on SEC EDGAR filings.
POWER SOLUTIONS INTERNATIONAL, INC. (PSIX) has a net profit margin of 15.8%. This is a healthy margin.
POWER SOLUTIONS INTERNATIONAL, INC. (PSIX) generated $14 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
POWER SOLUTIONS INTERNATIONAL, INC. (PSIX) has a debt-to-equity ratio of 0.00. This indicates a conservatively financed balance sheet.
POWER SOLUTIONS INTERNATIONAL, INC. (PSIX) reported earnings per share (EPS) of $4.94 in its most recent fiscal year.
POWER SOLUTIONS INTERNATIONAL, INC. (PSIX) has a return on equity (ROE) of 93.5%. This indicates the company generates strong returns for shareholders.
POWER SOLUTIONS INTERNATIONAL, INC. (PSIX) has a 5-year average gross margin of 21.1%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 17 years of financial data for POWER SOLUTIONS INTERNATIONAL, INC. (PSIX), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
POWER SOLUTIONS INTERNATIONAL, INC. (PSIX) has a book value per share of $7.74, based on its most recent annual SEC filing.