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PSIXPower Solutions International, Inc.
$34.73$801M
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  4. Financial Ratios

Power Solutions International, Inc. (PSIX) Financial Ratios

Latest Ratios: P/E Ratio 7.0x · EV/EBITDA 7.9x · ROE 93.5%. (2004–2025 historical series)

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly

PSIX Valuation Multiples

Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Market Cap$801M$1.3B$685M$47M$69M$69M$75M$170M$172M$103M$82M
Enterprise Value$909M$1.4B$776M$199M$269M$258M$200M$287M$281M$195M$204M
P/E Ratio →7.0311.579.881.786.12——20.79———
P/S Ratio1.111.821.440.100.140.150.180.310.350.250.24
P/B Ratio4.497.3810.49———12.385.97—3.212.02
P/FCF56.6293.2111.840.72———11.75——2.89
P/OCF33.2054.6610.980.67———9.37——2.54

P/E links to full P/E history page with 30-year chart

PSIX EV Ratios

Enterprise-value multiples — capital-structure-neutral measures of total business value

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
EV / Revenue—1.971.630.430.560.560.480.530.570.470.60
EV / EBITDA7.8912.398.933.988.61——11.03———
EV / EBIT8.2813.009.504.4810.95——17.36———
EV / FCF—100.8613.413.03———19.82——7.17

PSIX Profitability

Margins and return-on-capital ratios measuring operating efficiency

Margins

Full margin charts and quarterly trend are on the Earnings History page

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Gross Margin25.4%25.4%29.5%23.1%18.4%9.0%14.0%18.3%11.8%12.2%8.6%
Operating Margin15.2%15.2%17.2%9.6%5.1%-9.1%-5.2%3.2%-7.4%-4.3%-7.5%
Net Profit Margin15.8%15.8%14.6%5.7%2.3%-10.6%-5.5%1.5%-11.0%-11.4%-14.0%

Return on Capital

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
ROE93.5%93.5%225.9%———-132.9%166.3%-805.1%-130.7%-64.6%
ROA29.5%29.5%22.6%8.7%3.6%-16.6%-7.7%2.7%-20.4%-18.6%-15.2%
ROIC37.2%37.2%40.3%20.9%11.6%-22.4%-11.8%10.9%-25.7%-9.5%-9.2%
ROCE48.5%48.5%119.5%241.6%275.3%-134.7%-24.6%17.1%-38.7%-12.6%-11.9%

PSIX Leverage & Debt

Solvency and debt-coverage ratios — lower is generally safer

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Debt / Equity0.860.862.24———24.444.10—2.843.05
Debt / EBITDA1.331.331.683.497.19——4.49———
Net Debt / Equity—0.611.39———20.464.10—2.842.99
Net Debt / EBITDA0.940.941.053.046.41——4.49———
Debt / FCF—7.651.572.31———8.07——4.28
Interest Coverage16.3716.377.132.591.89-5.69-3.672.10-6.15-3.35-2.20

PSIX Liquidity & Efficiency

Short-term solvency ratios and asset-utilisation metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Current Ratio3.153.151.120.830.800.810.851.230.981.351.85
Quick Ratio1.771.770.710.490.420.310.390.630.500.660.84
Cash Ratio0.490.490.240.090.080.020.100.000.00—0.02
Asset Turnover—1.631.451.611.501.521.471.741.711.691.28
Inventory Turnover4.234.233.574.163.262.923.324.104.144.223.09
Days Sales Outstanding—57.0270.1066.0771.3355.5156.2973.4364.3470.3072.54

PSIX Shareholder Yields

Earnings, FCF, buyback, and dividend yields — total returns to shareholders

Dividends

Full dividend history and growth charts are on the Dividend History page

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Dividend Yield———————————
Payout Ratio———————————

Total Shareholder Return Metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Earnings Yield14.2%8.6%10.1%56.1%16.3%——4.8%———
FCF Yield1.8%1.1%8.4%139.0%———8.5%——34.7%
Buyback Yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Total Shareholder Yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Shares Outstanding—$23M$23M$23M$23M$23M$23M$22M$19M$14M$11M

Key Metrics

Growth RegimeMixed
ProfitabilityModerate
Balance SheetHealthy
Cash FlowMixed
Top Statement Risk

Strategic supply chain dependency

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q1)

Market Pricing Reflects Turnaround Uncertainty

According to current market data, PSIX trades at a TTM P/E of 7.69, which appears to discount the company's recent earnings volatility and suggests that investors remain skeptical regarding the sustainability of its current profitability levels compared to broader industrial machinery peers.

The forward P/E of 15.96 implies a significant expectation of earnings contraction or a normalization of margins from recent peaks. This valuation gap relative to historical performance suggests the market is pricing in the inherent risks of the Weichai Power relationship rather than rewarding the company for its recent revenue growth.

Capital Efficiency Remains Highly Cyclical

Based on reported figures, ROIC has fluctuated between 2.9% and 12.8% over the last ten quarters, indicating that PSIX struggles to consistently compound capital due to the lumpy nature of its integration-focused business model and reliance on third-party component availability.

The sharp decline in ROIC to 2.9% in 2026Q1 from its 2024Q2 peak of 12.8% highlights the company's sensitivity to operating margin compression. Investors should monitor whether the company can maintain returns above its cost of capital during periods of lower industrial demand.

Working Capital Cycles Impede Liquidity

As reported in financial statements, the cash conversion cycle has remained volatile, peaking at 146 days in 2026Q1, which suggests that the company's inventory-heavy integration model creates significant drag on cash flow compared to more streamlined industrial peers.

The high DIO of 116 days in the most recent quarter indicates that PSIX is carrying substantial engine block inventory, likely to mitigate supply chain risks from its primary partner. This inventory dependence limits the company's ability to optimize working capital and remains a primary constraint on free cash flow generation.

Deleveraging Improves Financial Flexibility

According to recent SEC filings, the company has successfully reduced its debt-to-equity ratio from a precarious 52.23 in 2024Q1 to a manageable 0.90 in 2026Q1, signaling a fundamental strengthening of the balance sheet that provides a necessary buffer against future operational volatility.

The improvement in interest coverage to 6.53x suggests that debt service is becoming more comfortable, though the reliance on Weichai Power for financing support remains a critical factor. The current leverage profile appears adequate, provided that the company avoids further large-scale debt-funded inventory build-ups.

Misapplication of Standard P/E Multiples

The P/E ratio is frequently misapplied to PSIX because it fails to account for the non-recurring nature of related-party transactions and the volatility of earnings driven by supply chain bottlenecks, which often distort the company's true underlying earning power.

Analysts should instead focus on EV/EBITDA or normalized free cash flow, as these metrics better capture the company's operational performance independent of tax anomalies and capital structure shifts. Relying on P/E alone may lead to an inaccurate assessment of the company's value as a bridge technology provider.

Download Financial Ratios Data

Includes 30+ ratios · 22 years · Updated daily

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PSIX — Frequently Asked Questions

Quick answers to the most common questions about buying PSIX stock.

What is Power Solutions International, Inc.'s P/E ratio?

Power Solutions International, Inc.'s current P/E ratio is 7.0x. The historical average is 15.6x. This places it at the 29th percentile of its historical range.

What is Power Solutions International, Inc.'s EV/EBITDA?

Power Solutions International, Inc.'s current EV/EBITDA is 7.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.8x.

What is Power Solutions International, Inc.'s ROE?

Power Solutions International, Inc.'s return on equity (ROE) is 93.5%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 11.7%.

Is PSIX stock overvalued?

Based on historical data, Power Solutions International, Inc. is trading at a P/E of 7.0x. This is at the 29th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.

What are Power Solutions International, Inc.'s profit margins?

Power Solutions International, Inc. has 25.4% gross margin and 15.2% operating margin. Operating margin between 10-20% is typical for established companies.

How much debt does Power Solutions International, Inc. have?

Power Solutions International, Inc.'s Debt/EBITDA ratio is 1.3x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.