Recent News
May 5, 2026 — Board declared a quarterly cash dividend; July 20, 2026 — company scheduled release and conference call for fiscal third-quarter results; late June/early July filings disclose multiple insider Form 4 submissions and a board-approved one-time award of 36,000 restricted stock units for the CEO.
Technical Analysis
Directional indicators present a bullish directional read: ADX at 29.95 signals a strong trend, while DI+ shows a dip-and-reversal and DI- shows a peak-and-reversal, both consistent with renewed upside pressure that could support price reacceleration toward fair-value benchmarks.
Momentum internals conflict with the directional read: MACD stands negative at -12.7 and trends lower versus a -9.86 signal line, indicating prevailing bearish momentum that could cap any early bounce until momentum stabilizes.
MRO at -3.74 places price below the model target and therefore signals potential for mean reversion higher; the declining MRO trend reduces the immediacy of that potential, implying modest upward pressure rather than an aggressive gap-fill.
RSI at 43.31 registered a dip-and-reversal, which supports a short-term recovery attempt from recent weakness and aligns with DI directional cues for a rebound attempt.
Price sits at $228.28 under the 20-day average ($241.72) and the 50-day average ($277.55) while remaining above the 200-day average ($185.28). The 12-day EMA and 20-day average trend lower, and the lower Bollinger band at $223.35 provides a nearby technical support reference. Short-term action therefore favors a rebound attempt that still requires momentum confirmation; elevated 42-day beta (2.87) warns of outsized moves in either direction.
Fundamental Analysis
Operational performance shows constructive revenue expansion and margin strength. Management generated total revenue of $296.6 million for the quarter and reported a sequential increase of about 18%, with new orders of $490 million and backlog at $1.8 billion; the company also disclosed a subsequent mega data-center award exceeding $400 million, which increases forward work visibility.
Profitability metrics: EBIT reached $57.58 million and operating margin equaled 19.41%; that margin sits above the industry peer mean of 13.73% and above the industry peer median of 16.28%. QoQ operating margin improved roughly 14.01%, while YoY operating margin declined about 8.20% (both figures expressed as percentages from the supplied metrics).
Earnings per share came in at $1.25 versus an estimate of $1.36, producing an EPS surprise of -8.09%. Cash generation remained solid: cash and short-term investments totaled $544.9 million, operating cash flow registered $51.17 million, and free cash flow measured $49.34 million, with a free cash flow yield of 0.68%.
Capital structure and liquidity favor reinvestment and optionality. Total debt stands minimal at $1.96 million, debt-to-assets approximately 0.17%, current ratio 2.25 and quick ratio 2.06, supporting capacity expansion without leverage constraints.
Valuation profile shows a premium multiple set against strong fundamentals: trailing P/E registers near 160.58 while the industry peer mean sits around 167.68, placing Powell slightly below that peer mean on a trailing basis; price-to-book at 10.31 remains above the industry peer mean of 6.31. WMDST values the stock as fair-valued given the combination of high multiples, robust backlog, and limited leverage.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-05-04 |
| NEXT REPORT DATE: | 2026-08-03 |
| CASH FLOW | Begin Period Cash Flow | $ 490.6 M |
| Operating Cash Flow | $ 51.2 M | |
| Capital Expenditures | $ -1.83 M | |
| Change In Working Capital | $ -1.62 M | |
| Dividends Paid | $ -3.28 M | |
| Cash Flow Delta | $ 47.1 M | |
| End Period Cash Flow | $ 537.7 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 296.6 M | |
| Forward Revenue | $ 101.2 M | |
| COSTS | ||
| Cost Of Revenue | $ 208.7 M | |
| Depreciation | $ 2.0 M | |
| Depreciation and Amortization | $ 2.2 M | |
| Research and Development | $ 4.3 M | |
| Total Operating Expenses | $ 239.0 M | |
| PROFITABILITY | ||
| Gross Profit | $ 87.9 M | |
| EBITDA | $ 59.8 M | |
| EBIT | $ 57.6 M | |
| Operating Income | $ 57.6 M | |
| Interest Income | $ 4.2 M | |
| Interest Expense | — | |
| Net Interest Income | $ 4.2 M | |
| Income Before Tax | $ 61.8 M | |
| Tax Provision | $ 15.9 M | |
| Tax Rate | 26.0 % | |
| Net Income | $ 45.9 M | |
| Net Income From Continuing Operations | $ 45.9 M | |
| EARNINGS | ||
| EPS Estimate | $ 1.36 | |
| EPS Actual | $ 1.25 | |
| EPS Difference | $ -0.11 | |
| EPS Surprise | -8.088 % | |
| Forward EPS | $ 1.72 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 1.2 B | |
| Intangible Assets | $ 11.6 M | |
| Net Tangible Assets | $ 697.4 M | |
| Total Current Assets | $ 1.0 B | |
| Cash and Short-Term Investments | $ 544.9 M | |
| Cash | $ 537.7 M | |
| Net Receivables | $ 238.3 M | |
| Inventory | $ 86.3 M | |
| Long-Term Investments | $ 20.0 M | |
| LIABILITIES | ||
| Accounts Payable | $ 75.1 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 447.3 M | |
| Net Debt | — | |
| Total Debt | $ 2.0 M | |
| Total Liabilities | $ 471.0 M | |
| EQUITY | ||
| Total Equity | $ 709.1 M | |
| Retained Earnings | $ 710.5 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 19.46 | |
| Shares Outstanding | 36.431 M | |
| Revenue Per-Share | $ 8.14 | |
| VALUATION | Market Capitalization | $ 7.3 B |
| Enterprise Value | $ 6.8 B | |
| Enterprise Multiple | 113.276 | |
| Enterprise Multiple QoQ | 28.527 % | |
| Enterprise Multiple YoY | 262.436 % | |
| Enterprise Multiple IPRWA | high: 285.107 mean: 116.651 median: 114.236 POWL: 113.276 low: -72.189 |
|
| EV/R | 22.823 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.664 | |
| Asset To Liability | 2.506 | |
| Debt To Capital | 0.003 | |
| Debt To Assets | 0.002 | |
| Debt To Assets QoQ | 24.812 % | |
| Debt To Assets YoY | 13.699 % | |
| Debt To Assets IPRWA | high: 0.804 mean: 0.338 median: 0.325 POWL: 0.002 low: 0.001 |
|
| Debt To Equity | 0.003 | |
| Debt To Equity QoQ | 26.606 % | |
| Debt To Equity YoY | 5.747 % | |
| Debt To Equity IPRWA | high: 3.2 mean: 1.063 median: 0.769 POWL: 0.003 low: -0.74 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 10.313 | |
| Price To Book QoQ | 54.726 % | |
| Price To Book YoY | 144.547 % | |
| Price To Book IPRWA | POWL: 10.313 high: 7.696 median: 7.533 mean: 6.307 low: -3.004 |
|
| Price To Earnings (P/E) | 160.579 | |
| Price To Earnings QoQ | 48.671 % | |
| Price To Earnings YoY | 223.403 % | |
| Price To Earnings IPRWA | high: 447.245 mean: 167.68 POWL: 160.579 median: 136.151 low: -128.467 |
|
| PE/G Ratio | 15.122 | |
| Price To Sales (P/S) | 24.654 | |
| Price To Sales QoQ | 38.899 % | |
| Price To Sales YoY | 200.884 % | |
| Price To Sales IPRWA | high: 82.536 mean: 28.515 POWL: 24.654 median: 19.938 low: 1.074 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 279.63 | |
| Forward PE/G | 26.333 | |
| Forward P/S | 71.751 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 1.914 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.261 | |
| Asset Turnover Ratio QoQ | 14.399 % | |
| Asset Turnover Ratio YoY | -12.096 % | |
| Asset Turnover Ratio IPRWA | high: 0.268 POWL: 0.261 mean: 0.169 median: 0.166 low: 0.0 |
|
| Receivables Turnover | 1.386 | |
| Receivables Turnover Ratio QoQ | 12.223 % | |
| Receivables Turnover Ratio YoY | -1.517 % | |
| Receivables Turnover Ratio IPRWA | high: 2.698 POWL: 1.386 mean: 1.344 median: 1.268 low: 0.067 |
|
| Inventory Turnover | 2.437 | |
| Inventory Turnover Ratio QoQ | 15.009 % | |
| Inventory Turnover Ratio YoY | 10.564 % | |
| Inventory Turnover Ratio IPRWA | high: 3.043 POWL: 2.437 median: 0.973 mean: 0.943 low: 0.063 |
|
| Days Sales Outstanding (DSO) | 65.817 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 77.978 | |
| Cash Conversion Cycle Days QoQ | -9.325 % | |
| Cash Conversion Cycle Days YoY | 5.021 % | |
| Cash Conversion Cycle Days IPRWA | high: 292.136 mean: 103.66 median: 96.94 POWL: 77.978 low: -68.551 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.529 | |
| CapEx To Revenue | -0.006 | |
| CapEx To Depreciation | -0.935 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 709.1 M | |
| Net Invested Capital | $ 709.1 M | |
| Invested Capital | $ 709.1 M | |
| Net Tangible Assets | $ 697.4 M | |
| Net Working Capital | $ 561.1 M | |
| LIQUIDITY | ||
| Cash Ratio | 1.218 | |
| Current Ratio | 2.254 | |
| Current Ratio QoQ | -1.59 % | |
| Current Ratio YoY | 12.593 % | |
| Current Ratio IPRWA | high: 16.112 POWL: 2.254 mean: 2.005 median: 1.494 low: 0.648 |
|
| Quick Ratio | 2.062 | |
| Quick Ratio QoQ | -0.857 % | |
| Quick Ratio YoY | 15.657 % | |
| Quick Ratio IPRWA | high: 7.3 POWL: 2.062 mean: 1.404 median: 0.991 low: 0.178 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 0.033 | |
| Cost Of Debt | 16.364 % | |
| Interest Coverage Ratio | 153.141 | |
| Interest Coverage Ratio QoQ | 34.626 % | |
| Interest Coverage Ratio YoY | -2.271 % | |
| Interest Coverage Ratio IPRWA | POWL: 153.141 high: 62.767 mean: 13.82 median: 11.443 low: -87.826 |
|
| Operating Cash Flow Ratio | 0.056 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 31.306 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 13.998 | |
| Dividend Payout Ratio | 0.071 | |
| Dividend Rate | $ 0.09 | |
| Dividend Yield | 0.0 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 7.828 % | |
| Revenue Growth | 18.087 % | |
| Revenue Growth QoQ | -215.167 % | |
| Revenue Growth YoY | 17.387 % | |
| Revenue Growth IPRWA | high: 69.221 % POWL: 18.087 % median: 5.613 % mean: 0.95 % low: -108.06 % |
|
| Earnings Growth | 10.619 % | |
| Earnings Growth QoQ | -154.65 % | |
| Earnings Growth YoY | -68.031 % | |
| Earnings Growth IPRWA | high: 57.143 % POWL: 10.619 % mean: -9.092 % median: -13.971 % low: -95.658 % |
|
| MARGINS | ||
| Gross Margin | 29.647 % | |
| Gross Margin QoQ | 4.27 % | |
| Gross Margin YoY | -0.992 % | |
| Gross Margin IPRWA | high: 65.683 % median: 35.593 % mean: 33.904 % POWL: 29.647 % low: -77.993 % |
|
| EBIT Margin | 19.413 % | |
| EBIT Margin QoQ | 14.006 % | |
| EBIT Margin YoY | -8.195 % | |
| EBIT Margin IPRWA | high: 81.565 % POWL: 19.413 % median: 16.28 % mean: 13.729 % low: -219.022 % |
|
| Return On Sales (ROS) | 19.413 % | |
| Return On Sales QoQ | 14.006 % | |
| Return On Sales YoY | -8.195 % | |
| Return On Sales IPRWA | high: 23.282 % POWL: 19.413 % median: 15.729 % mean: 13.041 % low: -214.546 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 49.3 M | |
| Free Cash Flow Yield | 0.675 % | |
| Free Cash Flow Yield QoQ | -27.653 % | |
| Free Cash Flow Yield YoY | -15.94 % | |
| Free Cash Flow Yield IPRWA | high: 1.833 % POWL: 0.675 % median: 0.211 % mean: 0.103 % low: -8.817 % |
|
| Free Cash Growth | 18.583 % | |
| Free Cash Growth QoQ | -162.275 % | |
| Free Cash Growth YoY | -139.171 % | |
| Free Cash Growth IPRWA | high: 364.195 % POWL: 18.583 % mean: -57.16 % median: -80.038 % low: -262.564 % |
|
| Free Cash To Net Income | 1.075 | |
| Cash Flow Margin | 8.395 % | |
| Cash Flow To Earnings | 0.543 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 4.035 % | |
| Return On Assets QoQ | 7.4 % | |
| Return On Assets YoY | -18.221 % | |
| Return On Assets IPRWA | high: 4.838 % POWL: 4.035 % median: 1.798 % mean: 1.714 % low: -31.926 % |
|
| Return On Capital Employed (ROCE) | 7.858 % | |
| Return On Equity (ROE) | 0.065 | |
| Return On Equity QoQ | 4.573 % | |
| Return On Equity YoY | -24.387 % | |
| Return On Equity IPRWA | high: 0.103 POWL: 0.065 mean: 0.045 median: 0.044 low: -0.688 |
|
| DuPont ROE | 6.66 % | |
| Return On Invested Capital (ROIC) | 6.031 % | |
| Return On Invested Capital QoQ | 7.18 % | |
| Return On Invested Capital YoY | -25.276 % | |
| Return On Invested Capital IPRWA | POWL: 6.031 % high: 5.384 % mean: 2.9 % median: 2.334 % low: -9.166 % |
|