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
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
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
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$4M
-$3M
13.6%
-47.4%
-$1M
—
—
Dec '25
$6M
-$1M
23.5%
-19.4%
-$2M
—
—
Sep '25
$7M
-$2M
9.3%
-21.0%
-$2M
—
—
Jun '25
$8M
-$1M
15.7%
-20.4%
-$6M
—
$18M
Mar '25
$7M
-$929000
2.2%
-34.8%
$907000
—
$26M
Dec '24
$10M
$36M
28.9%
-11.0%
-$5M
—
$42M
Sep '24
$6M
-$1M
23.7%
-11.1%
-$3M
—
$3M
Jun '24
$3M
-$2M
18.9%
-51.1%
$170000
—
$7M
Mar '24
$3M
-$1M
16.1%
-52.1%
-$2M
—
$6M
Dec '23
-$22M
-$4M
36.9%
42.6%
-$4M
—
$4M
Sep '23
$11M
$1M
32.3%
8.2%
-$2M
—
$8M
Jun '23
$12M
$848000
31.6%
6.4%
-$2M
—
$10M
Mar '23
$10M
$742000
29.6%
7.1%
$1M
—
$12M
Dec '22
$8M
-$833000
11.7%
-12.2%
-$3M
—
—
Sep '22
$6M
$2000
34.1%
-2.1%
-$3M
—
$7M
Jun '22
$5M
-$4M
-25.5%
-79.0%
-$4M
—
$10M
Mar '22
$6M
-$740000
14.5%
-12.9%
$2M
—
$13M
Dec '21
$3M
-$1M
0.7%
-42.7%
-$2M
—
—
Sep '21
$6M
-$434000
12.5%
-9.1%
-$652000
—
$3M
Jun '21
$6M
-$686000
8.8%
-13.2%
—
—
$5M
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.
The price-to-earnings ratio has fallen from 1.4× (Dec '24) to 1.3× (Nov '25).
The price-to-sales ratio has risen from 1.5× (Mar '23) to 1.5× (Jun '26).
The dividend yield has risen from 31.8% (Dec '25) to 39.2% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
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.