POWER INTEGRATIONS INC financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data POWER INTEGRATIONS INC files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	390	432	416	421	488	703	651	445	419	444
Cost of revenue	197	218	201	207	245	343	284	216	194	202
Gross profit	192	214	215	213	244	361	367	229	225	242
Research and development	62.3	68.5	70.6	73.5	81.7	84.9	93.9	96.1	101	101
Selling and marketing	48	51.4	53.1	54.3	54.5	60.8	62.6	64.6	67.8	68
General and administrative	33	36.1	35.5	37.6	36.9	39.8	28.9	33.2	38.2	42.7
Operating expenses	143	156	159	-3.62	173	186	186	194	207	231
Operating income	48.9	57.6	55.6	217	70.5	175	180	35.1	17.9	10.2
Other non-operating income	1.08	2.66	4.12	5.39	4.76	1.08	3.01	10.8	12.8	10.8
Pre-tax income	50	60.3	59.8	222	75.3	176	183	45.9	30.8	21
Income tax	1.05	32.7	-10.2	28.9	4.08	11.7	12.6	-9.83	-1.48	-1.11
Net income	48.9	27.6	70	193	71.2	164	171	55.7	32.2	22.1
EBITDA	65.7	76	74.6	236	94.2	207	215	70.3	51.2	37.4
EPS, basic	0.85	0.47	1.19	3.31	1.19	2.73	2.96	0.97	0.57	0.39
EPS, diluted	0.83	0.45	1.16	3.24	1.17	2.67	2.93	0.97	0.56	0.39
Shares, basic (weighted)	57.9	59.3	58.9	58.5	59.7	60.3	57.8	57.2	56.8	56.1
Shares, diluted (weighted)	59.2	61.1	60.3	59.6	60.8	61.5	58.4	57.6	57.1	56.3

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	62.1	93.7	134	179	259	158	105	63.9	51	58.8
Short-term investments	188	189	94.5	232	190	372	248	248	249	191
Receivables	6.53	16.8	11.1	24.3	35.9	41.4	20.8	14.7	27.2	18.3
Inventory	52.6	57.1	80.9	90.4	103	99.3	135	163	166	167
Other current assets	3.86	3.82	3.85	4.29	13.3	15.8	15	22.2	21.3	23.7
Total current assets	318	365	332	541	601	687	525	512	514	458
Property, plant and equipment	95.3	112	114	117	166	180	177	164	150	147
Lease right-of-use assets				9.52	10.3	11.9	9.15	10.4	16.1	19.3
Goodwill	91.8	91.8	91.8	91.8	91.8	91.8	91.8	91.8	95.3	95.3
Intangible assets	31.5	25.4	21.2	16.9	12.5	9.01	6.6	4.42	8.08	7.24
Other non-current assets	6.16	25.2	22.2	34.4	28.2	30.6	20.9	19.5	25.4	64.8
Total assets	554	621	589	804	903	1,014	840	820	829	772
Accounts payable	29.7	33.2	31.6	27.4	34.7	43.7	30.1	26.4	29.8	34
Accrued liabilities	10.8	12.1	12.1	13.4	14.8	15.5	14.8	13.6	14	13.8
Total current liabilities	43.9	51.1	48.4	50.5	62.5	72.3	58.4	48.9	55.3	70.4
Lease liabilities				7.03	7.35	8.37	5.83	7.35	12.6	15.9
Other non-current liabilities	3.92	3.94	4.39	14.1	14.8	14.9	10.7	12.5	19.9	29
Total liabilities	51.3	73.4	61.6	79.4	92.9	102	84.9	67.6	79.1	99.4
Paid-in capital	173	198	126	152	191	162	0	0	18.7	0
Retained earnings	333	351	403	576	622	753	763	754	734	674
Other comprehensive income	-2.71	-2.14	-1.69	-3.13	-2.16	-3.74	-7.34	-1.46	-3.02	-1.11
Shareholders' equity	503	548	527	725	810	912	755	752	750	673
Total equity	503	548	527	725	810	912	755	752	750	673
Total liabilities and equity	554	621	589	804	903	1,014	840	820	829	772
Shares outstanding	58.5	59.6	57.8	58.9	59.9	59.9	57	56.7	56.8	55.3

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	48.9	27.6	70	193	71.2	164	171	55.7	32.2	22.1
Depreciation and amortization	16.8	18.4	18.9	19.2	23.7	31.5	34.9	35.2	33.3	27.2
Stock-based compensation	20.9	24.7	21.6	23.3	30.9	37.6	22.4	28.5	35.1	39.7
Deferred income tax	-0.64	15.8	-4.47	4.02	-0.59	-13.2	-2.57	-9.25	-8.35	0.9
Change in receivables	0.75	-10.5	5.75	-13.3	-11.3	-5.5	19.9	6.62	-12.3	9.26
Change in inventory	-0.63	-4.52	-23.8	-9.52	-12.5	3.61	-36.2	-27.7	-2.45	-1.28
Change in payables	7.71	0.4	1.34	-6.56	5.7	4.07	-3.84	-5.44	3.45	3.25
Cash from operations	97.9	82	84	224	126	231	215	65.8	81.2	112
Capital expenditures	-12.2	-32.5	-24.7	-24.1	-70.6	-47.3	-39.2	-20.9	-17.3	-24.4
Acquisitions	0	0					0	0	-9.52	0
Purchases of investments			-62.8	-207	-110	-554	-55.8	-191	-106	-64.5
Cash from investing	-117	-34.7	69.1	-162	-28.3	-233	78.3	-14.2	-25.9	36.2
Share buybacks	-6.44	-9.19	-103	-7.3	-2.64	-73.9	-311	-55.3	-27.9	-98.1
Dividends paid	-15.1	-16.6	-18.8	-20.5	-25.1	-32.6	-41.5	-44	-46	-47.2
Cash from financing	-8.43	-15.8	-113	-17.9	-17.2	-98.8	-346	-93	-68.2	-140
Net change in cash	-28	31.5	40.5	44.6	80.2	-101	-52.7	-41.4	-13	7.78
Free cash flow	85.7	49.5	59.3	200	55	184	176	44.9	63.9	87.1
Income taxes paid	6.61	-1.57	7.44	21.3	-1.97	25.6	17.9	13.8	4.78	3.03

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to September 30, 2026; growth uses fiscal years. Valuation uses the share price of $44.29 on November 9, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	53.9%	Gross profit / revenue.
Operating margin	8.4%	Operating income / revenue.
EBITDA margin	13.9%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	10.4%	Pre-tax income / revenue.
Net margin	9.8%	Net income / revenue.
FCF margin	20.0%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	24.3%	Cash from operations / revenue.
Effective tax rate	5.8%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	6.4%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	5.7%	Net income / average total assets.
Return on invested capital (ROIC)	6.0%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue	22.6%	Research and development expense / revenue.
Stock-based pay / revenue	5.8%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	4.3%	Capital expenditures / revenue.
D&A / revenue	5.5%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	5.9%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-12.0%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	-1.9%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	7.5%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-13.0%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	-0.2%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	-43.1%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-61.6%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	-32.1%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	-27.0%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-44.2%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	-16.9%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-31.5%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-49.4%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	-20.9%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-30.4%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-48.9%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	-19.7%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	37.4%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-19.7%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-2.4%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	36.4%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	-20.9%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	9.6%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-10.3%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-3.8%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	-3.7%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-6.8%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-2.8%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	-3.1%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-1.4%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-1.2%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-1.5%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	7.88x	Current assets / current liabilities.
Quick ratio	5.11x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	4.66x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	11.7%	Total liabilities / total assets.
Working capital	$425.5M	Current assets - current liabilities.
Goodwill and intangibles / assets	12.9%	(Goodwill + intangible assets) / total assets.
Tangible book value	$595.3M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.58x	Revenue / average total assets.
Fixed asset turnover	3.26x	Revenue / average property, plant and equipment.
Inventory turnover	1.40x	Cost of revenue / average inventory.
Days inventory	261 days	365 x average inventory / cost of revenue.
Receivables turnover	16.3x	Revenue / average receivables.
Days sales outstanding	22 days	365 x average receivables / revenue.
Days payables	47 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	236 days	Days inventory + days sales outstanding - days payables.
FCF conversion	204.2%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	17.5%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$0.79	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$8.05	Revenue / diluted weighted shares.
FCF per share	$1.61	Free cash flow / diluted weighted shares.
Operating cash flow per share	$1.96	Cash from operations / diluted weighted shares.
Book value per share	$12.48	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$10.65	Tangible book value / shares outstanding.
Cash per share	$5.16	(Cash + short-term investments) / shares outstanding.
Payout ratio	106.1%	Dividends paid / net income, when net income is positive.
Dividends / FCF	51.9%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	0.0%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$2.47B	Share price x shares outstanding.
Enterprise value	$2.19B	Market cap + total debt - cash - short-term investments.
P/E	55.3x	Market cap / net income. Only when net income is positive.
P/S	5.43x	Market cap / revenue.
P/B	3.55x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	4.16x	Market cap / tangible book value, when positive.
P/FCF	27.1x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	22.3x	Market cap / cash from operations, when positive.
EV/Sales	4.80x	Enterprise value / revenue.
EV/EBIT	57.2x	Enterprise value / operating income, when both are positive.
EV/EBITDA	34.5x	Enterprise value / EBITDA, when both are positive.
EV/FCF	23.9x	Enterprise value / free cash flow, when both are positive.
FCF yield	3.7%	Free cash flow / market cap.
Earnings yield	1.8%	Net income / market cap (the inverse of P/E).
Dividend yield	1.9%	Dividends paid over the period / market cap.
Shareholder yield	1.9%	(Dividends paid + share buybacks) / market cap.

What was POWER INTEGRATIONS INC's revenue in fiscal 2025?

POWER INTEGRATIONS INC reported revenue of $443.5M for fiscal 2025, 5.9% higher than the year before.

Was POWER INTEGRATIONS INC profitable in fiscal 2025?

Yes. Net income was $22.1M, a net margin of 5%.

How much free cash flow did POWER INTEGRATIONS INC generate in fiscal 2025?

Cash from operations of $111.5M minus capital expenditures of $24.4M left free cash flow of $87.1M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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