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Side-by-side financial comparison of PicoCELA Inc. (PCLA) and POWELL INDUSTRIES INC (POWL). Click either name above to swap in a different company.

PicoCELA Inc. is the larger business by last-quarter revenue ($252.6M vs $251.2M, roughly 1.0× POWELL INDUSTRIES INC). POWELL INDUSTRIES INC runs the higher net margin — 16.5% vs -125.2%, a 141.7% gap on every dollar of revenue. POWELL INDUSTRIES INC produced more free cash flow last quarter ($41.6M vs $-256.6M).

PicoCELA Inc. is a global technology company specializing in low-power, high-reliability wireless connectivity solutions, including Wi-Fi HaLow modules and edge network infrastructure. It caters to industrial IoT, smart city, retail, and smart home segments, with a primary operational footprint across Asia, North America, and European markets.

Powell Industries, Inc. is a manufacturer of Integrated/Packaged Solutions and Electrical Equipment to monitor and control the distribution of electrical power in commercial and industrial markets founded in 1947. Its headquarters is in Houston, Texas.

PCLA vs POWL — Head-to-Head

Bigger by revenue
PCLA
PCLA
1.0× larger
PCLA
$252.6M
$251.2M
POWL
Higher net margin
POWL
POWL
141.7% more per $
POWL
16.5%
-125.2%
PCLA
More free cash flow
POWL
POWL
$298.2M more FCF
POWL
$41.6M
$-256.6M
PCLA

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
PCLA
PCLA
POWL
POWL
Revenue
$252.6M
$251.2M
Net Profit
$-316.2M
$41.4M
Gross Margin
28.4%
Operating Margin
-114.8%
17.0%
Net Margin
-125.2%
16.5%
Revenue YoY
4.0%
Net Profit YoY
19.1%
EPS (diluted)
$3.40

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
PCLA
PCLA
POWL
POWL
Q4 25
$251.2M
Q3 25
$298.0M
Q2 25
$286.3M
Q1 25
$252.6M
$278.6M
Q4 24
$241.4M
Q3 24
$275.1M
Q2 24
$288.2M
Q1 24
$255.1M
Net Profit
PCLA
PCLA
POWL
POWL
Q4 25
$41.4M
Q3 25
$51.4M
Q2 25
$48.2M
Q1 25
$-316.2M
$46.3M
Q4 24
$34.8M
Q3 24
$46.1M
Q2 24
$46.2M
Q1 24
$33.5M
Gross Margin
PCLA
PCLA
POWL
POWL
Q4 25
28.4%
Q3 25
31.4%
Q2 25
30.7%
Q1 25
29.9%
Q4 24
24.7%
Q3 24
29.2%
Q2 24
28.4%
Q1 24
24.6%
Operating Margin
PCLA
PCLA
POWL
POWL
Q4 25
17.0%
Q3 25
21.2%
Q2 25
21.0%
Q1 25
-114.8%
21.1%
Q4 24
14.7%
Q3 24
20.4%
Q2 24
19.9%
Q1 24
15.5%
Net Margin
PCLA
PCLA
POWL
POWL
Q4 25
16.5%
Q3 25
17.3%
Q2 25
16.8%
Q1 25
-125.2%
16.6%
Q4 24
14.4%
Q3 24
16.7%
Q2 24
16.0%
Q1 24
13.1%
EPS (diluted)
PCLA
PCLA
POWL
POWL
Q4 25
$3.40
Q3 25
$4.23
Q2 25
$3.96
Q1 25
$3.81
Q4 24
$2.86
Q3 24
$3.77
Q2 24
$3.79
Q1 24
$2.75

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PCLA
PCLA
POWL
POWL
Cash + ST InvestmentsLiquidity on hand
$456.8M
$500.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$354.8M
$668.9M
Total Assets
$1.2B
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PCLA
PCLA
POWL
POWL
Q4 25
$500.8M
Q3 25
$475.5M
Q2 25
$433.0M
Q1 25
$456.8M
$389.3M
Q4 24
$373.4M
Q3 24
$358.4M
Q2 24
$374.0M
Q1 24
$365.3M
Stockholders' Equity
PCLA
PCLA
POWL
POWL
Q4 25
$668.9M
Q3 25
$640.8M
Q2 25
$594.9M
Q1 25
$354.8M
$541.4M
Q4 24
$496.3M
Q3 24
$483.1M
Q2 24
$436.7M
Q1 24
$393.8M
Total Assets
PCLA
PCLA
POWL
POWL
Q4 25
$1.1B
Q3 25
$1.1B
Q2 25
$1.0B
Q1 25
$1.2B
$965.4M
Q4 24
$912.7M
Q3 24
$928.2M
Q2 24
$869.0M
Q1 24
$849.6M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PCLA
PCLA
POWL
POWL
Operating Cash FlowLast quarter
$-245.6M
$43.6M
Free Cash FlowOCF − Capex
$-256.6M
$41.6M
FCF MarginFCF / Revenue
-101.6%
16.6%
Capex IntensityCapex / Revenue
4.3%
0.8%
Cash ConversionOCF / Net Profit
1.05×
TTM Free Cash FlowTrailing 4 quarters
$161.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PCLA
PCLA
POWL
POWL
Q4 25
$43.6M
Q3 25
$61.1M
Q2 25
$47.4M
Q1 25
$-245.6M
$22.4M
Q4 24
$37.1M
Q3 24
$-6.0M
Q2 24
$13.8M
Q1 24
$17.0M
Free Cash Flow
PCLA
PCLA
POWL
POWL
Q4 25
$41.6M
Q3 25
$59.3M
Q2 25
$42.3M
Q1 25
$-256.6M
$18.3M
Q4 24
$34.9M
Q3 24
$-14.4M
Q2 24
$12.4M
Q1 24
$16.1M
FCF Margin
PCLA
PCLA
POWL
POWL
Q4 25
16.6%
Q3 25
19.9%
Q2 25
14.8%
Q1 25
-101.6%
6.6%
Q4 24
14.4%
Q3 24
-5.3%
Q2 24
4.3%
Q1 24
6.3%
Capex Intensity
PCLA
PCLA
POWL
POWL
Q4 25
0.8%
Q3 25
0.6%
Q2 25
1.8%
Q1 25
4.3%
1.5%
Q4 24
0.9%
Q3 24
3.1%
Q2 24
0.5%
Q1 24
0.4%
Cash Conversion
PCLA
PCLA
POWL
POWL
Q4 25
1.05×
Q3 25
1.19×
Q2 25
0.98×
Q1 25
0.48×
Q4 24
1.07×
Q3 24
-0.13×
Q2 24
0.30×
Q1 24
0.51×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

PCLA
PCLA

Revenue from product$179.1M71%
Revenue from SaaS, Maintenance and others$42.4M17%
Revenue from product – related party$31.0M12%

POWL
POWL

Oil And Gas Service$97.9M39%
Electricity$69.3M28%
Commercial And Other Industrial$40.6M16%
Petrochemical$22.8M9%
Other Customers$12.0M5%
Light Rail Traction Power Customer$8.6M3%

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