PSIX
POWER SOLUTIONS INTERNATIONAL, INC.
Next earnings Aug 5, 2026 · consensus $0.32 EPS, $137M rev
Last earnings -17.7% on 2026-05-11
$37.08
▲ +1.70%$37.08▼ -44.44%
over 1Y
L $36.36H $115.78
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+1.7%
1W-4.2%
1M-8.6%
3M-45.1%
YTD-39.7%
1Y-44.4%
Buy
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 9 analysts
Buy
PSIX: data-center-fueled 52% revenue surge, 7.9x P/E, near-zero debt — a cheap pick-and-shovel play on AI power demand.
Revenue $722M · FY2025
The read
Quality fundamentals and an attractive price line up (~406% below fair value) — the rarer case where both the business and the entry look good.
Power Solutions International is firing on all cylinders and the market hasn't fully repriced it. FY2025 revenue jumped 51.8% to $722M with net income up 64.5% to $114M, and the MD&A is explicit about the driver: 'PSI's growth in net revenue in 2025 was driven by power systems markets, including data center and oil and gas products.' Power Systems is now 81% of mix (up from 68%), and the segment grew from $326M to $586M — a ~80% jump that maps directly to the AI/data-center power buildout. The U.S. is now 93% of revenue, insulating PSIX from China/EU softness flagged in the geographic breakdown.
The balance sheet has been transformed. Stockholders' equity nearly tripled to $179M (+173.7%) while total liabilities fell 6.4% and current liabilities collapsed 59.5%. Long-term debt is effectively zero ($10K) and current debt is $28K — PSIX is debt-free. ROE of 63.8% and 15.2% operating margins on a 25.6% gross margin show real operating leverage in the engine business. At $39.20 the stock trades at 7.9x trailing diluted EPS of $4.94 and 1.3x sales — multiples that imply zero growth, while the business just grew 52%.
Is PSIX a buy? The one-page verdict, explained →
The options angle
model · matches our verdictBull call spread (wide)~60d expiry
- Long call 37 @ ~3.79 est
- Short call 43 @ ~1.72 est
debit $207max +$393max −$207BE 39.07
High-conviction BUY: a wider spread keeps more of the upside while the short call still cuts cost and decay.
Educational template, not a trade recommendation. Strikes and premiums are Black-Scholes model estimates from the last close and 30-day realized volatility — real chains, spreads and IV will differ. Options involve substantial risk.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $456M | $481M | $459M | $476M | $722M |
| Gross profit | $41.3M | $88.6M | $106M | $141M | $185M |
| Operating income | -$41.6M | $24.6M | $44.3M | $81.6M | $110M |
| Net income | -$48.5M | $11.3M | $26.3M | $69.3M | $114M |
| Diluted EPS | -$2.12 | $0.49 | $1.15 | $3.01 | $4.94 |
| Net margin | -10.6% | 2.3% | 5.7% | 14.6% | 15.8% |
10-year statements — income, cash flow, balance sheet & CSV export →
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$813M
EV / EBITDA7.3
EV / Sales1.1
EV / FCF51.0
P / FCF53.6
PEG (trailing)0.12
Earnings yield13.3%
FCF yield1.9%
Quality & risk
ROIC (est.)48.5%
Free cash flow$15.9M
Total debt$38.0K
Net cash$41.2M
Altman Z-Score5.27 safe
Piotroski F-Score6/9
Capital returns
Buyback yield0.5%
Dividend yield (est.)—
Shareholder yield0.5%
Shares Δ YoY+0.2%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has been improving.
- DEF 14A Proxy statement2026-06-09
Annual proxy: director slate, exec comp, and shareholder vote items
- 8-K Officer / director change2026-05-13
Executive officer/director change announced; transition disclosure for shareholders
- 8-K Earnings results2026-05-11
Q1 2026 results filed; continues data-center driven power-systems momentum
- 10-Q Quarterly report2026-05-11
Q1 2026 results filed; continues data-center driven power-systems momentum
- 10-K/A Restated periodic report2026-04-30
10-K/A amendment (likely Part III proxy info); no restatement of financials
- 8-K Reg FD disclosure2026-03-13
Reg FD disclosure (investor/corporate update); no material financial change
- 8-K Officer / director change2026-03-11
Officer/director appointment or departure disclosed post-10-K
- 8-K Earnings results2026-03-02
FY2025 10-K: 81% Power Systems mix, equity +174%, ROE 64%, debt nearly nil
- 8-K Reg FD disclosure2026-03-02
FY2025 10-K: 81% Power Systems mix, equity +174%, ROE 64%, debt nearly nil
Recent filings
all on EDGAR ↗DEFA14AFiling2026-06-09open ↗DEF 14APeriod ending 2026-07-232026-06-09open ↗SCHEDULE 13GFiling2026-05-22open ↗SDFiling2026-05-20open ↗8-KPeriod ending 2026-05-122026-05-13open ↗8-KPeriod ending 2026-05-112026-05-11open ↗10-QPeriod ending 2026-03-312026-05-11open ↗10-K/APeriod ending 2025-12-312026-04-30open ↗4Period ending 2026-03-062026-04-17open ↗4Period ending 2026-03-062026-04-17open ↗8-KPeriod ending 2026-03-112026-03-13open ↗8-KPeriod ending 2026-03-062026-03-11open ↗
Frequently asked
- Is POWER SOLUTIONS INTERNATIONAL, INC. (PSIX) a buy?
- PSIX currently carries a Buy rating with 4/5 conviction, derived from its latest SEC filings. PSIX: data-center-fueled 52% revenue surge, 7.9x P/E, near-zero debt — a cheap pick-and-shovel play on AI power demand.
- What is PSIX's fair value?
- A Modified-Graham model based on PSIX's SEC fundamentals estimates a fair value of about $187.72. It is an estimate from reported earnings, not a price target.
- Is PSIX overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, PSIX currently appears undervalued relative to its SEC-grounded earnings power.
- What is POWER SOLUTIONS INTERNATIONAL, INC.'s quality score?
- PSIX scores 76.30026418218868/100 (grade B+) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001137091, latest 10-Q filed 2026-05-11) · EODHD · Proprietary analysis · as of 6/25/2026, 2:44:12 PM.
About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 25, 2026, 10:44 AM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.