InsiderClue
Stocks · Technology · Miscellaneous Electrical Machinery, Equipment & Supplies

PIONEER POWER SOLUTIONS, INC.

PPSI Clue Score44
United States Fiscal year ends December CIK 0001449792
$2.95 -4.07% Close, 12 Oct 2026
Alert on the numbers Alert on insider trades
Price $2.95 −10.33% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 13 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue99.6Operating income3.6Net income−1.1EPS, diluted−0.12Fiscal year 2017Revenue114.4 +14.8%Operating income−3.3Net income−9.2EPS, diluted−1.06Fiscal year 2018Revenue20.1 −82.4%Operating income−9.1Net income−5.7EPS, diluted−0.65Fiscal year 2019Revenue20.6 +2.3%Operating income−11.8Net income−1.0EPS, diluted−0.12Fiscal year 2020Revenue19.5 −5.3%Operating income−4.3Net income−3.0EPS, diluted−0.34Fiscal year 2021Revenue18.3 −6.0%Operating income−3.9Net income−2.2EPS, diluted−0.24Fiscal year 2022Revenue25.9 +41.3%Operating income−5.8Net income−5.4EPS, diluted−0.56Fiscal year 2023Revenue11.1 −57.0%Operating income−7.0Net income−1.9EPS, diluted−0.20Fiscal year 2024Revenue22.9 +105.8%Operating income−5.2Net income31.9EPS, diluted2.90Fiscal year 2025Revenue27.6 +20.8%Operating income−6.6Net income−6.0 −118.8%EPS, diluted−0.54 −118.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 99.6 114.4 20.1 20.6 19.5 18.3 25.9 11.1 22.9 27.6
Growth +14.8% −82.4% +2.3% −5.3% −6.0% +41.3% −57.0% +105.8% +20.8%
Operating income 3.6 −3.3 −9.1 −11.8 −4.3 −3.9 −5.8 −7.0 −5.2 −6.6
Net income −1.1 −9.2 −5.7 −1.0 −3.0 −2.2 −5.4 −1.9 31.9 −6.0
Growth −118.8%
EPS, diluted −0.12 −1.06 −0.65 −0.12 −0.34 −0.24 −0.56 −0.20 2.90 −0.54
Growth −118.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin22.2%Operating margin3.6%Net margin−1.1%Free cash flow margin−10.2%Fiscal year 2017Gross margin15.5%Operating margin−2.9%Net margin−8.1%Free cash flow margin0.2%Fiscal year 2018Gross margin9.4%Operating margin−45.3%Net margin−28.1%Free cash flow margin7.8%Fiscal year 2019Gross margin5.7%Operating margin−57.1%Net margin−5.0%Free cash flow margin−27.8%Fiscal year 2020Gross margin4.5%Operating margin−22.0%Net margin−15.3%Fiscal year 2021Gross margin7.6%Operating margin−21.1%Net margin−11.8%Free cash flow margin−18.7%Fiscal year 2022Gross margin10.9%Operating margin−22.5%Net margin−20.9%Free cash flow margin−28.1%Fiscal year 2023Gross margin20.0%Operating margin−63.3%Net margin−17.1%Free cash flow margin−57.5%Fiscal year 2024Gross margin24.1%Operating margin−22.9%Net margin139.2%Free cash flow margin−43.6%Fiscal year 2025Gross margin12.4%Operating margin−23.9%Net margin−21.7%Free cash flow margin−30.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 22.2% 15.5% 9.4% 5.7% 4.5% 7.6% 10.9% 20.0% 24.1% 12.4%
Operating margin 3.6% −2.9% −45.3% −57.1% −22.0% −21.1% −22.5% −63.3% −22.9% −23.9%
Net margin −1.1% −8.1% −28.1% −5.0% −15.3% −11.8% −20.9% −17.1% 139.2% −21.7%
Free cash flow margin −10.2% 0.2% 7.8% −27.8% n/a −18.7% −28.1% −57.5% −43.6% −30.7%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow−9.5Capital expenditure−0.7Free cash flow−10.1Fiscal year 2017Operating cash flow1.7Capital expenditure−1.5Free cash flow0.3Fiscal year 2018Operating cash flow2.2Capital expenditure−0.6Free cash flow1.6 +525.6%Fiscal year 2019Operating cash flow−5.6Capital expenditure−0.2Free cash flow−5.7 −466.1%Fiscal year 2020Operating cash flow−3.6Fiscal year 2021Operating cash flow−3.2Capital expenditure−0.2Free cash flow−3.4Dividends paid−1.0Fiscal year 2022Operating cash flow−5.8Capital expenditure−1.5Free cash flow−7.3Fiscal year 2023Operating cash flow−3.9Capital expenditure−2.5Free cash flow−6.4Fiscal year 2024Operating cash flow−6.2Capital expenditure−3.8Free cash flow−10.0Fiscal year 2025Operating cash flow−5.8Capital expenditure−2.7Free cash flow−8.5Dividends paid−16.7
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −9.5 1.7 2.2 −5.6 −3.6 −3.2 −5.8 −3.9 −6.2 −5.8
Capital expenditure −0.7 −1.5 −0.6 −0.2 n/a −0.2 −1.5 −2.5 −3.8 −2.7
Free cash flow −10.1 0.3 1.6 −5.7 n/a −3.4 −7.3 −6.4 −10.0 −8.5
Growth +525.6% −466.1%
Dividends paid n/a n/a n/a n/a n/a −1.0 n/a n/a n/a −16.7

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.2Total debt4.0Net cash (debt)−3.8Shareholders’ equity26.2Debt to equity0.15Fiscal year 2017Cash0.2Total debt4.2Net cash (debt)−3.9Shareholders’ equity17.5Debt to equity0.24Fiscal year 2018Cash0.2Total debt3.8Net cash (debt)−3.6Shareholders’ equity12.0Debt to equity0.32Fiscal year 2019Cash8.2Shareholders’ equity16.8Fiscal year 2020Cash7.6Total debt1.4Net cash (debt)6.2Shareholders’ equity13.9Debt to equity0.10Fiscal year 2021Cash11.7Shareholders’ equity19.6Fiscal year 2022Cash10.3Shareholders’ equity15.2Fiscal year 2023Cash3.6Shareholders’ equity14.2Fiscal year 2024Cash41.6Shareholders’ equity35.4Fiscal year 2025Shareholders’ equity29.3
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.2 0.2 0.2 8.2 7.6 11.7 10.3 3.6 41.6 n/a
Total debt 4.0 4.2 3.8 n/a 1.4 n/a n/a n/a n/a n/a
Net cash (debt) −3.8 −3.9 −3.6 n/a 6.2 n/a n/a n/a n/a n/a
Shareholders’ equity 26.2 17.5 12.0 16.8 13.9 19.6 15.2 14.2 35.4 29.3
Debt to equity 0.15 0.24 0.32 n/a 0.10 n/a n/a n/a n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
22.2% 15.5% 9.4% 5.7% 4.5% 7.6% 10.9% 20.0% 24.1% 12.4%
3.6% −2.9% −45.3% −57.1% −22.0% −21.1% −22.5% −63.3% −22.9% −23.9%
2.4% 0.7% −50.2% −52.3% −15.3% −11.9% −20.9% −56.5% −20.8% −23.1%
−1.1% −8.1% −28.1% −5.0% −15.3% −11.8% −20.9% −17.1% 139.2% −21.7%
−10.2% 0.2% 7.8% −27.8% n/a −18.7% −28.1% −57.5% −43.6% −30.7%
Spending
n/a n/a n/a n/a n/a n/a n/a 8.0% 4.6% 3.2%
16.8% 18.5% 54.7% 62.8% 26.5% 28.7% 33.4% 75.3% 42.4% 33.1%
0.7% 1.3% 2.9% 0.7% n/a 1.3% 5.8% 22.5% 16.4% 9.7%
38.9% 354.6% n/a n/a n/a n/a n/a n/a n/a n/a
Returns
−4.1% −52.6% −47.4% −6.1% −21.5% −11.1% −35.8% −13.3% 89.9% −20.5%
−1.4% −12.4% −7.8% −3.6% −14.0% −7.8% −15.3% −5.7% 48.3% −16.9%
Balance and payout
0.15 0.24 0.32 n/a 0.10 n/a n/a n/a n/a n/a
66.2% 76.4% 83.5% 40.9% 34.9% 30.0% 57.2% 56.9% 46.3% 17.3%