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Power Solutions International vs Westport Fuel Systems: revenue, profit, margins and growth compared

Power Solutions International brought in $722.4M of revenue in fiscal 2025, Westport Fuel Systems $23.3M in fiscal 2025. Revenue changed by +51.8% at Power Solutions International and -42.7% at Westport Fuel Systems on the year before, so Power Solutions International grew faster. Power Solutions International kept 15.8% of its revenue as net profit, Westport Fuel Systems -264.3%. Free cash flow was $14.1M at Power Solutions International and -$16.9M at Westport Fuel Systems.

Side by side, latest fiscal year

PSIXWPRT
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$722.4M$23.3M
Revenue growth+51.8%-42.7%
Net income$114M-$61.6M
Net margin15.8%-264.3%
Free cash flow$14.1M-$16.9M
Free cash flow margin2.0%-72.6%
Earnings per share (diluted)$4.94-$3.56
Cash$41.3M$27.2M
Debt$38K$2.9M
Price to earnings9.4n/a
Market value$1.1B$38.6M
Dividend yieldn/an/a
Rank by revenue in sector#291 of 518 · Industrials#447 of 518 · Industrials

Over the years

Revenue
PSIX FY2018: $496MPSIX FY2019: $546.1MPSIX FY2020: $417.6MPSIX FY2021: $456.3MPSIX FY2022: $481.3MPSIX FY2023: $459MPSIX FY2024: $476MPSIX FY2025: $722.4MWPRT FY2018: $270.3MWPRT FY2019: $305.3MWPRT FY2020: $252.5MWPRT FY2021: $312.4MWPRT FY2022: $305.7MWPRT FY2023: $68.2MWPRT FY2024: $40.7MWPRT FY2025: $23.3MFY18FY19FY20FY21FY22FY23FY24FY25
PSIX $722.4MWPRT $23.3M
Net income
PSIX FY2018: -$54.7MPSIX FY2019: $8.2MPSIX FY2020: -$23MPSIX FY2021: -$48.5MPSIX FY2022: $11.3MPSIX FY2023: $26.3MPSIX FY2024: $69.3MPSIX FY2025: $114MWPRT FY2018: -$31.5MWPRT FY2019: $41KWPRT FY2020: -$7.4MWPRT FY2021: $13.7MWPRT FY2022: -$32.7MWPRT FY2023: -$49.7MWPRT FY2024: -$21.8MWPRT FY2025: -$61.6MFY18FY19FY20FY21FY22FY23FY24FY25
PSIX $114MWPRT -$61.6M
Net margin
PSIX FY2018: -11.0%PSIX FY2019: 1.5%PSIX FY2020: -5.5%PSIX FY2021: -10.6%PSIX FY2022: 2.3%PSIX FY2023: 5.7%PSIX FY2024: 14.6%PSIX FY2025: 15.8%WPRT FY2018: -11.7%WPRT FY2019: 0.0%WPRT FY2020: -2.9%WPRT FY2021: 4.4%WPRT FY2022: -10.7%WPRT FY2023: -72.9%WPRT FY2024: -53.7%WPRT FY2025: -264.3%FY18FY19FY20FY21FY22FY23FY24FY25
PSIX 15.8%WPRT -264.3%
Revenue growth
PSIX FY2019: +10.1%PSIX FY2020: -23.5%PSIX FY2021: +9.2%PSIX FY2022: +5.5%PSIX FY2023: -4.6%PSIX FY2024: +3.7%PSIX FY2025: +51.8%WPRT FY2019: +13.0%WPRT FY2020: -17.3%WPRT FY2021: +23.7%WPRT FY2022: -2.1%WPRT FY2023: -77.7%WPRT FY2024: -40.3%WPRT FY2025: -42.7%FY19FY20FY21FY22FY23FY24FY25
PSIX +51.8%WPRT -42.7%
Free cash flow
PSIX FY2018: -$9.8MPSIX FY2019: $14.5MPSIX FY2020: -$10MPSIX FY2021: -$63.4MPSIX FY2022: -$10.2MPSIX FY2023: $65.5MPSIX FY2024: $57.8MPSIX FY2025: $14.1MWPRT FY2018: -$37.7MWPRT FY2019: -$24.5MWPRT FY2020: -$42.3MWPRT FY2021: -$58MWPRT FY2022: -$48.9MWPRT FY2023: -$19.7MWPRT FY2024: $3.4MWPRT FY2025: -$16.9MFY18FY19FY20FY21FY22FY23FY24FY25
PSIX $14.1MWPRT -$16.9M

Fiscal years as each company reports them; the two may end in different months.

Questions about Power Solutions International and Westport Fuel Systems

Which is bigger by revenue, Power Solutions International or Westport Fuel Systems?

Power Solutions International is bigger by revenue: $722.4M in fiscal 2025, against $23.3M for Westport Fuel Systems in fiscal 2025.

Which keeps more of its revenue as profit, Power Solutions International or Westport Fuel Systems?

Power Solutions International had a net margin of 15.8% in fiscal 2025; Westport Fuel Systems had -264.3% in fiscal 2025.

Which grew revenue faster, Power Solutions International or Westport Fuel Systems?

In their latest fiscal years revenue changed by +51.8% at Power Solutions International and -42.7% at Westport Fuel Systems.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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