Power Integrations (POWI) | Financial Analysis & Statements
Power Integrations Inc. Mid-cap Technology
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Dec 2025Income Metrics
Revenue
103.2M
Gross Profit
54.6M
52.91%
Operating Income
8.8M
8.50%
Net Income
13.3M
12.88%
EPS (Diluted)
$0.24
Balance Sheet Metrics
Total Assets
772.2M
Total Liabilities
99.4M
Shareholders Equity
672.8M
Debt to Equity
0.15
Cash Flow Metrics
Operating Cash Flow
29.6M
Free Cash Flow
19.2M
Revenue & Profitability Trend
Quarter Income Flow
Dec 31, 2025
Annual Income Flow
2025
Power Integrations Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 443.5M | 419.0M | 444.5M | 651.1M | 703.3M |
| Cost of Goods Sold | 201.9M | 194.2M | 215.6M | 284.2M | 342.6M |
| Gross Profit | 241.6M | 224.8M | 229.0M | 366.9M | 360.6M |
| Gross Margin % | 54.5% | 53.6% | 51.5% | 56.3% | 51.3% |
| Operating Expenses | |||||
| Research & Development | 101.1M | 100.8M | 96.1M | 93.9M | 84.9M |
| Selling, General & Administrative | 110.7M | 106.0M | 97.8M | 91.5M | 100.6M |
| Other Operating Expenses | 19.7M | - | - | 1.1M | - |
| Total Operating Expenses | 231.5M | 206.8M | 193.9M | 186.5M | 185.6M |
| Operating Income | 10.2M | 17.9M | 35.1M | 180.4M | 175.1M |
| Operating Margin % | 2.3% | 4.3% | 7.9% | 27.7% | 24.9% |
| Non-Operating Items | |||||
| Interest Income | - | - | - | - | - |
| Interest Expense | - | - | - | - | - |
| Other Non-Operating Income | 10.8M | 12.8M | 10.8M | 3.0M | 1.1M |
| Pre-tax Income | 21.0M | 30.8M | 45.9M | 183.4M | 176.1M |
| Income Tax | -1.1M | -1.5M | -9.8M | 12.6M | 11.7M |
| Effective Tax Rate % | -5.3% | -4.8% | -21.4% | 6.9% | 6.7% |
| Net Income | 22.1M | 32.2M | 55.7M | 170.9M | 164.4M |
| Net Margin % | 5.0% | 7.7% | 12.5% | 26.2% | 23.4% |
| Key Metrics | |||||
| EBITDA | 38.2M | 52.5M | 72.4M | 217.8M | 210.0M |
| EPS (Basic) | $0.39 | $0.57 | $0.97 | $2.96 | $2.73 |
| EPS (Diluted) | $0.39 | $0.56 | $0.97 | $2.93 | $2.67 |
| Basic Shares Outstanding | 56063000 | 56820000 | 57195000 | 57801000 | 60327000 |
| Diluted Shares Outstanding | 56063000 | 56820000 | 57195000 | 57801000 | 60327000 |
Income Statement Trend
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Power Integrations Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 58.8M | 51.0M | 63.9M | 105.4M | 158.1M |
| Short-term Investments | 190.8M | 249.0M | 247.6M | 248.4M | 372.2M |
| Accounts Receivable | 18.3M | 27.2M | 14.7M | 20.8M | 41.4M |
| Inventory | 166.9M | 165.6M | 163.2M | 135.4M | 99.3M |
| Other Current Assets | 23.7M | 21.3M | 22.2M | 15.0M | 15.8M |
| Total Current Assets | 458.3M | 514.0M | 511.6M | 525.1M | 686.8M |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 197.8M | 198.6M | 188.1M | 190.3M | 192.7M |
| Intangible Assets | 7.2M | 8.1M | 4.4M | 6.6M | 9.0M |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | 64.8M | 61.9M | 47.8M | 39.9M | 47.0M |
| Total Non-Current Assets | 313.9M | 314.8M | 308.3M | 315.0M | 327.7M |
| Total Assets | 772.2M | 828.8M | 819.9M | 840.1M | 1.0B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 34.0M | 29.8M | 26.4M | 30.1M | 43.7M |
| Short-term Debt | - | - | - | - | - |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | - | - | - | - | - |
| Total Current Liabilities | 70.4M | 55.3M | 48.9M | 58.4M | 72.3M |
| Non-Current Liabilities | |||||
| Long-term Debt | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | - | - |
| Other Non-Current Liabilities | 25.3M | 19.9M | 12.5M | 10.7M | 14.9M |
| Total Non-Current Liabilities | 29.0M | 23.7M | 18.8M | 26.5M | 30.1M |
| Total Liabilities | 99.4M | 79.1M | 67.6M | 84.9M | 102.5M |
| Equity | |||||
| Common Stock | 20.0K | 22.0K | 23.0K | 24.0K | 28.0K |
| Retained Earnings | 673.9M | 734.0M | 753.7M | 762.5M | 753.4M |
| Treasury Stock | - | - | - | - | - |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 672.8M | 749.8M | 752.2M | 755.2M | 912.0M |
| Key Metrics | |||||
| Total Debt | 0 | 0 | 0 | 0 | 0 |
| Working Capital | 388.0M | 458.7M | 462.7M | 466.7M | 614.5M |
Balance Sheet Composition
Power Integrations Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 22.1M | 32.2M | 55.7M | 170.9M | 164.4M |
| Depreciation & Amortization | 28.0M | 34.6M | 37.4M | 37.3M | 34.9M |
| Stock-Based Compensation | 39.7M | 35.1M | 28.5M | 22.4M | 37.6M |
| Working Capital Changes | 11.2M | -11.2M | -26.6M | -20.1M | 2.2M |
| Operating Cash Flow | 101.9M | 82.3M | 85.8M | 207.9M | 225.9M |
| Investing Activities | |||||
| Capital Expenditures | -24.2M | -17.3M | -20.9M | -38.0M | -47.2M |
| Acquisitions | 0 | -9.5M | - | - | - |
| Investment Purchases | -64.5M | -105.7M | -191.2M | -55.8M | -554.0M |
| Investment Sales | 124.9M | 106.6M | 197.9M | 172.2M | 368.5M |
| Investing Cash Flow | 36.2M | -25.9M | -14.2M | 78.3M | -232.8M |
| Financing Activities | |||||
| Share Repurchases | -98.1M | -27.9M | -55.3M | -311.1M | -73.9M |
| Dividends Paid | -47.2M | -46.0M | -44.0M | -41.5M | -32.6M |
| Debt Issuance | 13.0M | - | - | - | - |
| Debt Repayment | -13.0M | - | - | - | - |
| Financing Cash Flow | -145.3M | -73.9M | -99.3M | -352.6M | -106.5M |
| Free Cash Flow | 87.1M | 63.9M | 44.9M | 176.1M | 183.6M |
| Net Change in Cash | -7.1M | -17.5M | -27.6M | -66.4M | -113.4M |
Cash Flow Trend
Power Integrations Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
172.74
Forward P/E
36.58
Price to Book
5.54
Price to Sales
8.43
PEG Ratio
3.45
Profitability Ratios
Profit Margin
4.98%
Operating Margin
19.45%
Return on Equity
3.11%
Return on Assets
1.68%
Financial Health
Current Ratio
6.51
Debt to Equity
2.81
Beta
1.29
Per Share Data
EPS (TTM)
$0.39
Book Value per Share
$12.16
Revenue per Share
$7.91
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| POWI | 4.0B | 172.74 | 5.54 | 3.11% | 4.98% | 2.81 |
| Nvidia | 4.9T | 40.83 | 30.85 | 101.49% | 55.60% | 7.26 |
| Broadcom | 2.0T | 78.09 | 23.85 | 33.37% | 36.57% | 82.70 |
| Semtech | 9.6B | 133.32 | 17.44 | -7.39% | -3.85% | 94.23 |
| Skyworks Solutions | 9.6B | 24.39 | 1.66 | 6.49% | 9.73% | 20.71 |
| Cirrus Logic | 8.9B | 22.98 | 4.22 | 19.87% | 20.47% | 6.53 |
Financial data is updated regularly. All figures are in the company's reporting currency.






