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PPSI Financials PIONEER POWER SOLUTIONS, INC.

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 7.2% per year over the past 5 years.
  • Operating margin has contracted, at -23.9% in the latest year.

Financial health

  • Total debt has grown slower than revenue (-25.4% vs 7.2% per year).

Shareholder returns

  • Dividends have been paid for 1 consecutive year.
  • The dividend has grown 99.7% per year over the past 5 years.
Revenue & net income
-$9M $11M $32M $0 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-63% 38% 139% 0% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$10M -$4M $2M $0 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $21M $42M 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$26M $7M $40M $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $28M -$6M 12.4% -23.9% -$8M
2024 $23M $32M 24.1% -22.9% -$10M $42M
2023 $11M -$2M 20.0% -63.3% -$6M $4M
2022 $26M -$5M 10.9% -22.5% -$7M
2021 $18M -$2M 7.6% -21.1% -$3M
2020 $19M -$3M 4.5% -22.0% $1M $8M
2019 -$1M -$6M $8M
2018 -$6M $2M $26M $211000
2017 -$9M $250000 $10M $218000
2016 -$1M -$10M $8M $246000
2015 -$6M -$5M $6M $648000
2014 -$268000 -$628000 $10M $4M
2013 $5M $525000 $7M $425000
2012 $3M $339000 $467000
2011 -$60000 $237000 $1M

Valuation over time

How the market has priced PPSI against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 0.8 1.6 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 3.1 6.2 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S
Dividend yield (%)
0.0 23.0 46.0 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
Dividend yield %

Frequently asked questions

Is PPSI growing its revenue and profit?

Over the past 5 years, PIONEER POWER SOLUTIONS, INC.'s revenue has grown 7.2% per year. These are computed facts, not advice.

How much debt does PPSI have?

As of FY2025, PIONEER POWER SOLUTIONS, INC. reported — of total debt against — of cash.

What is PPSI's profit margin?

In FY2025, gross margin was 12.4%, operating margin -23.9%, and net margin -21.7%.

What is PPSI's P/E ratio?

As of Jun '26, PIONEER POWER SOLUTIONS, INC. traded at a price-to-earnings ratio of about 1.3× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.