Powell Industries

Powell Industries (POWL) Q4 2025 Earnings

Reported Nov 18, 2025 at 4:28 PM ET · SEC Source

Q4 25 EPS

$4.22

BEAT +12.23%

Est. $3.76

Q4 25 Revenue

$298.0M

BEAT +1.75%

Est. $292.8M

vs S&P Since Q4 25

+116.0%

BEATING MARKET

POWL +128.4% vs S&P +12.4%

Full Year 2025 Results

FY 25 EPS

$14.86

BEAT +3.27%

Est. $14.39

FY 25 Revenue

$1.10B

BEAT +0.47%

Est. $1.10B

Market Reaction

Did POWL Beat Earnings? Q4 2025 Results

Powell Industries closed out fiscal 2025 on a high note, posting record quarterly earnings that beat Wall Street estimates on both the top and bottom lines. For Q4 2025, the Houston-based switchgear manufacturer reported earnings per diluted share of… Read more Powell Industries closed out fiscal 2025 on a high note, posting record quarterly earnings that beat Wall Street estimates on both the top and bottom lines. For Q4 2025, the Houston-based switchgear manufacturer reported earnings per diluted share of $4.22, clearing the $3.76 consensus by 12.23%, while revenue climbed 8.3% year-over-year to $297.98 million, edging past the $292.84 million estimate by 1.76%. The standout driver was a dramatic surge in Electric Utility demand, up 100% in the quarter, which combined with strong project execution to push gross margin to 31.4% from 29.2% a year earlier. The company also completed its acquisition of Remsdaq Ltd., a U.K.-based SCADA and substation automation specialist, adding what management characterized as a margin-accretive capability to an already healthy portfolio. With a $1.40 billion backlog, a robust opportunity funnel in data centers and LNG-driven Oil & Gas, and CFO Michael Metcalf expressing confidence that fiscal 2025's margin profile is sustainable into the year ahead, Powell enters fiscal 2026 from a position of notable operational strength.

Key Takeaways

  • Electric Utility market revenue grew 100% year-over-year in Q4
  • Light Rail Traction Power market revenue grew 85% year-over-year in Q4
  • Favorable volume leverage and strong project execution
  • Stable pricing environment
  • Gross margin expansion to 31.4% from 29.2% in Q4
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POWL YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

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POWL Revenue by Segment

Business unit performance breakdown

“Our fourth quarter marked a solid finish to another record year for Powell. We delivered gross profit dollar growth of 16% on revenue growth of 8%, which is a testament to the ongoing high levels of execution across our manufacturing footprint. This culminated in record quarterly earnings per share of $4.22. Our order intake of $271 million was well-balanced across markets and the commercial momentum continues as we enter Fiscal 2026. We also closed our acquisition of Remsdaq, which will allow us to scale a highly competitive and margin-accretive electrical automation solution to meet a growing and underserved demand in the markets where we compete. I'd like to thank the entire Powell team for their commitment to our customers and for another incredible year, helping to further our unique position as supplier of critical electrical distribution solutions to a growing array of applications.”

— Brett A. Cope, Q4 2025 Earnings Press Release