Powell Industries Inc
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Powell Industries Inc (POWL). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2023 | 2024 | 2025 |
|---|---|---|---|
| Reportable Segment | $699.3M 100.0% | $1.01B 100.0% · +44.8% | $1.10B 100.0% · +9.1% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2023 | 2024 | 2025 |
|---|---|---|---|
| Reportable Segment | $62.5M 8.9% | $178.8M 17.7% | $217.9M 19.7% |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Revenue by region
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| United States | $398.0M 76.8% | $351.4M 74.7% · -11.7% | $405.0M 76.0% · +15.2% | $557.9M 79.8% · +37.8% | $846.5M 83.6% · +51.7% | $880.2M 79.7% · +4.0% |
| Canada | $66.1M 12.7% | $68.7M 14.6% · +3.9% | $81.2M 15.2% · +18.3% | $84.1M 12.0% · +3.5% | $106.5M 10.5% · +26.7% | $157.2M 14.2% · +47.6% |
| Middle East and Africa | $18.2M 3.5% | $26.6M 5.7% · +46.5% | $20.7M 3.9% · -22.2% | $15.0M 2.1% · -27.6% | $13.4M 1.3% · -10.4% | $27.4M 2.5% · +104.2% |
| Europe | $15.9M 3.1% | $13.0M 2.8% · -17.9% | $17.7M 3.3% · +35.9% | $26.7M 3.8% · +50.9% | $31.4M 3.1% · +17.6% | $25.1M 2.3% · -20.1% |
| Asia/Pacific | $18.1M 3.5% | $8.9M 1.9% · -50.8% | $4.9M 0.9% · -45.0% | $6.2M 0.9% · +26.7% | $6.9M 0.7% · +10.7% | $9.3M 0.8% · +35.5% |
| Mexico, Central and South America | $2.3M 0.5% | $2.0M 0.4% · -16.8% | $3.1M 0.6% · +58.6% | $9.4M 1.3% · +203.7% | $7.6M 0.8% · -18.8% | $5.1M 0.5% · -33.0% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by product line
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Oil and gas (excludes petrochemical) | $187.7M 39.9% | $215.2M 40.4% · +14.7% | $273.1M 39.1% · +26.9% | $417.2M 41.2% · +52.7% | $406.6M 36.8% · -2.5% |
| Electric utility | $111.2M 23.6% | $122.4M 23.0% · +10.0% | $158.4M 22.7% · +29.5% | $186.5M 18.4% · +17.8% | $279.0M 25.3% · +49.6% |
| Commercial and other industrial | $27.1M 5.8% | $56.4M 10.6% · +108.6% | $104.0M 14.9% · +84.2% | $149.9M 14.8% · +44.2% | $178.2M 16.1% · +18.9% |
| Petrochemical | $59.0M 12.5% | $66.5M 12.5% · +12.8% | $94.2M 13.5% · +41.6% | $185.6M 18.3% · +97.1% | $151.2M 13.7% · -18.6% |
| All others | $26.5M 5.6% | $27.1M 5.1% · +2.2% | $41.5M 5.9% · +53.4% | $51.1M 5.0% · +23.1% | $48.1M 4.4% · -5.9% |
| Light rail traction power | – | $44.9M 8.4% | $28.1M 4.0% · -37.4% | $22.0M 2.2% · -21.7% | $41.3M 3.7% · +87.4% |
| Traction power | $59.1M 12.6% | – | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 12, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.