Power Solutions International, Inc.
- Open
- 36.03
- Day high
- 36.53
- Day low
- 35.84
- Prev close
- 36.28
- Volume
- 237K
- Mkt cap
- $838M
- P/E (TTM)
- 12.3
- EPS (TTM)
- $2.95
- P/B
- 4.1
- P/S
- 1.2
- Yield
- —
- Per share
- —
Power Solutions International, Inc. (PSIX) is a Industrials company listed on NASDAQ. The stock is down 55% over the past year. Drillr has 1 published research article covering PSIX.
Power Solutions International, Inc. (PSIX) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
PSIX earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 6, 2026 | $0.27 | $0.78 | +188.9% | $153M | +13.8% |
| May 11, 2026 | $0.52 | $0.36 | -30.8% | $129M | -20.0% |
| Nov 6, 2025 | $0.65 | $1.20 | +84.6% | $204M | +20.5% |
| Aug 7, 2025 | $0.87 | $2.24 | +157.5% | $192M | +40.6% |
| May 8, 2025 | $0.46 | $0.83 | +80.4% | $135M | +27.1% |
| Mar 24, 2025 | $0.80 | $1.03 | +28.7% | $144M | +25.9% |
| Nov 7, 2024 | $0.60 | $0.75 | +25.0% | $215M | +53.0% |
| Mar 14, 2024 | $0.29 | $0.34 | +17.2% | $105M | -12.2% |
| Nov 9, 2023 | $0.11 | $0.39 | +254.5% | $116M | -3.5% |
| Aug 14, 2023 | $0.14 | $0.28 | +100.0% | $122M | -0.6% |
| May 11, 2023 | $-0.07 | $0.16 | +328.6% | $116M | +8.5% |
| Nov 14, 2022 | $0.01 | $0.18 | +1700.0% | $125M | +3.6% |
PSIX insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 17, 2026 | Hu Nan (Richard)officer: Chief Executive Officer | Grant | 5,867 | — |
| Apr 17, 2026 | Li Xunofficer: CFO | Grant | 1,665 | — |
| Apr 17, 2026 | Du Zhaoyingofficer: GC and Corp Secy | Grant | 1,492 | — |
| Feb 17, 2026 | Li Xunofficer: CFO | Option | 7,500 | $2.00 |
| Feb 17, 2026 | Li Xunofficer: CFO | Tax | 3,429 | $92.72 |
| Dec 12, 2025 | He Hongdirector | Grant | 5,000 | — |
| Dec 12, 2025 | Shea Courtney C.director | Grant | 5,000 | — |
| Dec 12, 2025 | SIMPKINS FRANK Pdirector | Grant | 5,000 | — |
| Dec 12, 2025 | Du Zhaoyingofficer: GC and Corp Secy | Grant | 700 | $65.76 |
| Sep 15, 2025 | Weichai America Corp.10 percent owner | Sell | 19,351 | $92.46 |
| Sep 15, 2025 | Weichai America Corp.10 percent owner | Sell | 6,738 | $91.72 |
| Sep 15, 2025 | Weichai America Corp.10 percent owner | Sell | 23,231 | $93.64 |
| Sep 15, 2025 | Weichai America Corp.10 percent owner | Sell | 30,519 | $94.33 |
| Sep 12, 2025 | Weichai America Corp.10 percent owner | Sell | 14,557 | $92.34 |
| Sep 12, 2025 | Weichai America Corp.10 percent owner | Sell | 2,515 | $93.50 |
Source: PSIX SEC Form 4 filings, latest Aug 17, 2026. For informational purposes only — not investment advice.
See the full PSIX insider & 13F page →Power Solutions International, Inc. company profile
Overview
Power Solutions International, Inc. (NASDAQ:PSIX) is an industrial machinery manufacturer founded in 1985 and headquartered in Wood Dale, Illinois. The company went public in April 2012 and has evolved from a specialized engine manufacturer into a comprehensive power systems provider. PSIX designs, engineers, manufactures, and markets alternative-fuel engines and integrated power generation systems for industrial, transportation, and energy applications across North America, Europe, the Pacific Rim, and other international markets.
Business
Power Solutions International operates in the industrial machinery sector, specifically focusing on alternative-fuel power systems and engines. The company's core business revolves around providing cleaner-burning power solutions that run on fuels like natural gas, propane, gasoline, diesel, and biofuels, as opposed to traditional diesel-only engines. The company's product portfolio can be divided into several key segments: 1. Alternative-Fueled Power Systems - These are complete engine and power system packages designed for original equipment manufacturers (OEMs) who integrate them into off-highway industrial equipment and on-road vehicles. This includes everything from the basic engine block to fully integrated systems with cooling, electronic controls, fuel systems, and exhaust components. 2. Large Custom-Engineered Power Generation Systems - These are substantial electrical power generation installations used for standby power, prime power generation, demand response applications, microgrids, and renewable energy backup systems. Think of large-scale generators that can power entire facilities during outages or provide grid-stabilization services. 3. Industrial Equipment Applications - The company's engines power a wide variety of specialized equipment including forklifts, wood chippers, stump grinders, industrial sweepers and scrubbers, aerial lift platforms, irrigation pumps, oil and gas compression equipment, ice resurfacing machines, and ground support equipment at airports. 4. Transportation Applications - PSIX provides power systems for light and medium-duty vocational trucks and vans, school buses, transit buses, and terminal tractors used in logistics operations. The company's engines are designed to meet increasingly stringent environmental regulations while providing reliable power. Natural gas and propane engines, for instance, burn cleaner than traditional diesel engines, producing lower emissions of nitrogen oxides and particulates. This positions PSIX well in markets where environmental compliance is becoming more critical.
Revenue model
Power Solutions International generates revenue primarily through product sales of engines and complete power systems to original equipment manufacturers and end-users. The company operates on a traditional manufacturing business model where it designs, builds, and sells physical products rather than providing ongoing services or subscriptions. The company's customers fall into several categories: OEMs who integrate PSIX engines into their equipment before selling to end-users, direct sales to end-users who need power generation systems, and distributors who resell PSIX products in various markets. Revenue is typically recognized upon shipment of products, creating a somewhat cyclical cash flow pattern based on order timing and seasonal demand patterns in certain end markets. Several factors can significantly impact PSIX's profitability margins: Positive margin drivers include increasing environmental regulations that favor cleaner-burning alternative fuel engines over traditional diesel, growing demand for backup power generation due to grid instability concerns, expansion of natural gas infrastructure making natural gas engines more practical, and the company's ability to engineer custom solutions that command premium pricing. Negative margin pressures come from commodity price fluctuations affecting steel and other raw materials, intense competition from larger engine manufacturers like Caterpillar and Cummins, economic downturns that reduce capital equipment spending by customers, supply chain disruptions that increase component costs, and the cyclical nature of many end markets like construction and agriculture that can create demand volatility. The company's strategic partnership with Weichai Power Co., Ltd., a major Chinese engine manufacturer, provides both opportunities for technology sharing and potential competitive challenges as global engine markets become more integrated.
Competitive moat
Power Solutions International operates in a moderately competitive market with limited but meaningful competitive advantages. The company's primary moat comes from its specialized expertise in alternative-fuel engine systems, particularly natural gas and propane applications, where it has developed proprietary engineering capabilities and established relationships with OEMs seeking cleaner power solutions. The company's engineering and customization capabilities provide some differentiation, as many applications require specific modifications to meet unique operational requirements. This creates switching costs for customers who have integrated PSIX systems into their equipment designs and service networks. Additionally, the company's focus on alternative fuels positions it well as environmental regulations become more stringent, potentially creating regulatory moats in certain markets. However, PSIX's competitive position faces significant challenges. The company competes against much larger, well-capitalized competitors like Caterpillar, Cummins, and other major engine manufacturers who have substantially greater resources for research and development, manufacturing scale advantages, and broader distribution networks. These larger competitors are increasingly investing in alternative fuel technologies, potentially eroding PSIX's specialized positioning. The company's relatively small scale limits its ability to achieve the manufacturing efficiencies and supply chain leverage of larger competitors. Additionally, the industrial engine market is mature with established relationships between OEMs and suppliers, making it difficult for smaller players to gain significant market share. The threat of new entrants, particularly from well-funded startups focused on electric or hydrogen power systems, could potentially disrupt traditional internal combustion engine markets over the long term. Overall, PSIX has a narrow but defendable niche in alternative-fuel engines, but this moat is not particularly wide or durable against well-resourced competitors or technological disruption.
Risks & safety
Power Solutions International presents a moderate margin of safety with some financial strengths offset by leverage concerns and cyclical earnings volatility. • **Cash Position**: Strong with $50.0 million in cash and short-term investments as of Q1 2025, providing adequate liquidity buffer • **Debt Level**: Elevated debt-to-equity ratio of 1.64x in Q1 2025, improved from concerning 2.24x in Q4 2024 but still represents meaningful leverage • **Solvency Risk**: Low immediate risk given positive cash flow generation and current ratio of 1.16x, though working capital position is tight • **Cash Flow**: Positive free cash flow of $5.4 million in Q1 2025 and strong $57.8 million for full year 2024, indicating operational cash generation capability • **Valuation Metrics**: Reasonable P/E ratio of 7.6x and EV/EBITDA of 6.5x suggest modest valuation, though earnings can be cyclical • **Profitability**: Strong return on equity of 22.6% in Q1 2025, though this varies significantly quarter to quarter • **Other Considerations**: Cyclical end markets create earnings volatility; working capital management appears tight with quick ratio of 0.67x; company has demonstrated ability to generate cash in favorable conditions but faces margin pressure during downturns
Recent development
Based on the available financial data, Power Solutions International has undergone significant operational improvements and financial recovery over the past few years. The company emerged from a challenging period in 2022-2023, when it faced negative equity positions and cash flow difficulties, to achieve strong profitability in 2024. The most notable development has been the company's dramatic improvement in profitability, with net income surging from $26.3 million in 2023 to $69.3 million in 2024, while maintaining relatively stable revenue levels around $460-480 million. This suggests successful cost management initiatives and operational efficiency improvements. Cash flow generation has become a key strength, with the company producing $57.8 million in free cash flow for 2024 compared to $65.5 million in 2023, indicating consistent cash generation capabilities. The company has also strengthened its balance sheet, building cash reserves from $22.8 million at the end of 2023 to $55.3 million by the end of 2024. The company appears to have addressed previous working capital management issues and improved its operational efficiency, as evidenced by stronger margins and more consistent quarterly performance. The strategic collaboration with Weichai Power continues to be a key element of the company's international expansion strategy, though specific details of recent developments in this partnership are not available from the financial data. Revenue patterns show some seasonality, with Q3 typically being the strongest quarter, likely reflecting the cyclical nature of many end markets served by the company.
PSIX company profile · for informational purposes only — not investment advice.
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