Power Integrations (POWI) financial statements
Power Integrations reported revenue of $444M in fiscal 2025, up 1.4% a year over 9 years.
Net income was $22M and the operating margin 2.3%, against 12.5% in 2016.
Free cash flow was $87M, and the company returned $47M in dividends and $98M in net buybacks.
The diluted share count fell 5% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Power Integrations's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $390M | $432M | $416M | $421M | $488M | $703M | $651M | $445M | $419M | $444M |
| Cost of revenue | $197M | $218M | $201M | $207M | $245M | $343M | $284M | $216M | $194M | $202M |
| Gross profit | $192M | $214M | $215M | $213M | $244M | $361M | $367M | $229M | $225M | $242M |
| Research and development | $62M | $69M | $71M | $73M | $82M | $85M | $94M | $96M | $101M | $101M |
| Selling, general and admin | $81M | $88M | $89M | $92M | $91M | $101M | $91M | $98M | $106M | $111M |
| Operating income | $49M | $58M | $56M | $217M | $70M | $175M | $180M | $35M | $18M | $10M |
| Pre-tax income | $50M | $60M | $60M | $222M | $75M | $176M | $183M | $46M | $31M | $21M |
| Income tax | $1M | $33M | -$10M | $29M | $4M | $12M | $13M | -$10M | -$1M | -$1M |
| Net income | $49M | $28M | $70M | $193M | $71M | $164M | $171M | $56M | $32M | $22M |
| EPS (diluted) | $0.82 | $0.45 | $1.16 | $3.24 | $1.17 | $2.67 | $2.93 | $0.97 | $0.56 | $0.39 |
| Diluted shares | 59M | 61M | 60M | 60M | 61M | 61M | 58M | 58M | 57M | 56M |
| Gross margin | 49.3% | 49.5% | 51.6% | 50.7% | 49.9% | 51.3% | 56.3% | 51.5% | 53.6% | 54.5% |
| Operating margin | 12.5% | 13.3% | 13.4% | 51.6% | 14.4% | 24.9% | 27.7% | 7.9% | 4.3% | 2.3% |
| Net margin | 12.5% | 6.4% | 16.8% | 46.0% | 14.6% | 23.4% | 26.2% | 12.5% | 7.7% | 5.0% |
Balance sheet
Fiscal years, from Power Integrations's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $250M | $283M | $229M | $411M | $449M | $530M | $354M | $312M | $300M | $250M |
| Receivables | $7M | $17M | $11M | $24M | $36M | $41M | $21M | $15M | $27M | $18M |
| Inventory | $53M | $57M | $81M | $90M | $103M | $99M | $135M | $163M | $166M | $167M |
| Total current assets | $318M | $365M | $332M | $541M | $601M | $687M | $525M | $512M | $514M | $458M |
| Property, plant and equipment | $95M | $112M | $114M | $117M | $166M | $180M | $177M | $164M | $150M | $147M |
| Goodwill | $92M | $92M | $92M | $92M | $92M | $92M | $92M | $92M | $95M | $95M |
| Total assets | $554M | $621M | $589M | $804M | $903M | $1.0B | $840M | $820M | $829M | $772M |
| Total current liabilities | $44M | $51M | $48M | $50M | $63M | $72M | $58M | $49M | $55M | $70M |
| Total liabilities | $51M | $73M | $62M | $79M | $93M | $102M | $85M | $68M | $79M | $99M |
| Shareholders' equity | $503M | $548M | $527M | $725M | $810M | $912M | $755M | $752M | $750M | $673M |
| Net debt | -$62M | -$94M | -$134M | -$179M | -$259M | -$158M | -$105M | -$64M | -$51M | -$59M |
Cash flow
Fiscal years, from Power Integrations's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $98M | $82M | $84M | $224M | $126M | $231M | $215M | $66M | $81M | $112M |
| Capital spending | $12M | $32M | $25M | $24M | $71M | $47M | $39M | $21M | $17M | $24M |
| Free cash flow | $86M | $50M | $59M | $200M | $55M | $184M | $176M | $45M | $64M | $87M |
| Stock-based compensation | $21M | $25M | $22M | $23M | $31M | $38M | $22M | $29M | $35M | $40M |
| Dividends paid | $15M | $17M | $19M | $21M | $25M | $33M | $41M | $44M | $46M | $47M |
| Share buybacks (net) | -$6M | -$9M | -$103M | -$7M | -$3M | -$74M | -$311M | -$55M | -$28M | -$98M |
| Free cash flow margin | 22.0% | 11.5% | 14.3% | 47.6% | 11.3% | 26.1% | 27.0% | 10.1% | 15.3% | 19.6% |
| Dividends per share | $0.25 | $0.27 | $0.31 | $0.34 | $0.41 | $0.53 | $0.71 | $0.76 | $0.81 | $0.84 |
Questions
What was Power Integrations's revenue in 2025?
$444M in fiscal 2025, from its 10-K filing.
How much free cash flow does Power Integrations generate?
$87M in fiscal 2025 (operating cash flow minus capital spending).
From Power Integrations's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.