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Side-by-side financial comparison of POWELL INDUSTRIES INC (POWL) and Rocket Lab Corp (RKLB). Click either name above to swap in a different company.

POWELL INDUSTRIES INC is the larger business by last-quarter revenue ($251.2M vs $179.7M, roughly 1.4× Rocket Lab Corp). POWELL INDUSTRIES INC runs the higher net margin — 16.5% vs -29.5%, a 45.9% gap on every dollar of revenue. On growth, Rocket Lab Corp posted the faster year-over-year revenue change (35.7% vs 4.0%). POWELL INDUSTRIES INC produced more free cash flow last quarter ($41.6M vs $-114.2M). Over the past eight quarters, Rocket Lab Corp's revenue compounded faster (39.2% CAGR vs -0.8%).

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.

Rocket Lab Corporation is a publicly traded aerospace manufacturer and launch service provider. Its Electron orbital rocket launches small satellites and has successfully completed over 75 missions as of January 2026, making it the most prolific small-lift launch vehicle in operation globally. A suborbital variant of Electron, called HASTE, was developed as a testbed to advance hypersonic technology development, while the next-generation reusable Neutron medium-lift launch vehicle is in devel...

POWL vs RKLB — Head-to-Head

Bigger by revenue
POWL
POWL
1.4× larger
POWL
$251.2M
$179.7M
RKLB
Growing faster (revenue YoY)
RKLB
RKLB
+31.7% gap
RKLB
35.7%
4.0%
POWL
Higher net margin
POWL
POWL
45.9% more per $
POWL
16.5%
-29.5%
RKLB
More free cash flow
POWL
POWL
$155.8M more FCF
POWL
$41.6M
$-114.2M
RKLB
Faster 2-yr revenue CAGR
RKLB
RKLB
Annualised
RKLB
39.2%
-0.8%
POWL

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
POWL
POWL
RKLB
RKLB
Revenue
$251.2M
$179.7M
Net Profit
$41.4M
$-52.9M
Gross Margin
28.4%
38.0%
Operating Margin
17.0%
-28.4%
Net Margin
16.5%
-29.5%
Revenue YoY
4.0%
35.7%
Net Profit YoY
19.1%
-1.1%
EPS (diluted)
$3.40
$-0.09

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
POWL
POWL
RKLB
RKLB
Q4 25
$251.2M
$179.7M
Q3 25
$298.0M
$155.1M
Q2 25
$286.3M
$144.5M
Q1 25
$278.6M
$122.6M
Q4 24
$241.4M
$132.4M
Q3 24
$275.1M
$104.8M
Q2 24
$288.2M
$106.3M
Q1 24
$255.1M
$92.8M
Net Profit
POWL
POWL
RKLB
RKLB
Q4 25
$41.4M
$-52.9M
Q3 25
$51.4M
$-18.3M
Q2 25
$48.2M
$-66.4M
Q1 25
$46.3M
$-60.6M
Q4 24
$34.8M
$-52.3M
Q3 24
$46.1M
$-51.9M
Q2 24
$46.2M
$-41.6M
Q1 24
$33.5M
$-44.3M
Gross Margin
POWL
POWL
RKLB
RKLB
Q4 25
28.4%
38.0%
Q3 25
31.4%
37.0%
Q2 25
30.7%
32.1%
Q1 25
29.9%
28.8%
Q4 24
24.7%
27.8%
Q3 24
29.2%
26.7%
Q2 24
28.4%
25.6%
Q1 24
24.6%
26.1%
Operating Margin
POWL
POWL
RKLB
RKLB
Q4 25
17.0%
-28.4%
Q3 25
21.2%
-38.0%
Q2 25
21.0%
-41.3%
Q1 25
21.1%
-48.3%
Q4 24
14.7%
-38.9%
Q3 24
20.4%
-49.5%
Q2 24
19.9%
-40.7%
Q1 24
15.5%
-46.4%
Net Margin
POWL
POWL
RKLB
RKLB
Q4 25
16.5%
-29.5%
Q3 25
17.3%
-11.8%
Q2 25
16.8%
-46.0%
Q1 25
16.6%
-49.5%
Q4 24
14.4%
-39.5%
Q3 24
16.7%
-49.6%
Q2 24
16.0%
-39.2%
Q1 24
13.1%
-47.7%
EPS (diluted)
POWL
POWL
RKLB
RKLB
Q4 25
$3.40
$-0.09
Q3 25
$4.23
$-0.03
Q2 25
$3.96
$-0.13
Q1 25
$3.81
$-0.12
Q4 24
$2.86
$-0.11
Q3 24
$3.77
$-0.10
Q2 24
$3.79
$-0.08
Q1 24
$2.75
$-0.09

Balance Sheet & Financial Strength

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

Metric
POWL
POWL
RKLB
RKLB
Cash + ST InvestmentsLiquidity on hand
$500.8M
$1.0B
Total DebtLower is stronger
$152.4M
Stockholders' EquityBook value
$668.9M
$1.7B
Total Assets
$1.1B
$2.3B
Debt / EquityLower = less leverage
0.09×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
POWL
POWL
RKLB
RKLB
Q4 25
$500.8M
$1.0B
Q3 25
$475.5M
$976.7M
Q2 25
$433.0M
$688.1M
Q1 25
$389.3M
$428.4M
Q4 24
$373.4M
$419.0M
Q3 24
$358.4M
$442.4M
Q2 24
$374.0M
$496.8M
Q1 24
$365.3M
$492.5M
Total Debt
POWL
POWL
RKLB
RKLB
Q4 25
$152.4M
Q3 25
$347.0M
Q2 25
$346.5M
Q1 25
$345.9M
Q4 24
$345.4M
Q3 24
$61.2M
Q2 24
$64.2M
Q1 24
$66.8M
Stockholders' Equity
POWL
POWL
RKLB
RKLB
Q4 25
$668.9M
$1.7B
Q3 25
$640.8M
$1.3B
Q2 25
$594.9M
$688.5M
Q1 25
$541.4M
$431.3M
Q4 24
$496.3M
$382.5M
Q3 24
$483.1M
$419.8M
Q2 24
$436.7M
$455.2M
Q1 24
$393.8M
$478.9M
Total Assets
POWL
POWL
RKLB
RKLB
Q4 25
$1.1B
$2.3B
Q3 25
$1.1B
$2.2B
Q2 25
$1.0B
$1.6B
Q1 25
$965.4M
$1.3B
Q4 24
$912.7M
$1.2B
Q3 24
$928.2M
$1.2B
Q2 24
$869.0M
$1.2B
Q1 24
$849.6M
$1.2B
Debt / Equity
POWL
POWL
RKLB
RKLB
Q4 25
0.09×
Q3 25
0.27×
Q2 25
0.50×
Q1 25
0.80×
Q4 24
0.90×
Q3 24
0.15×
Q2 24
0.14×
Q1 24
0.14×

Cash Flow & Capital Efficiency

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

Metric
POWL
POWL
RKLB
RKLB
Operating Cash FlowLast quarter
$43.6M
$-64.5M
Free Cash FlowOCF − Capex
$41.6M
$-114.2M
FCF MarginFCF / Revenue
16.6%
-63.6%
Capex IntensityCapex / Revenue
0.8%
27.6%
Cash ConversionOCF / Net Profit
1.05×
TTM Free Cash FlowTrailing 4 quarters
$161.5M
$-321.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
POWL
POWL
RKLB
RKLB
Q4 25
$43.6M
$-64.5M
Q3 25
$61.1M
$-23.5M
Q2 25
$47.4M
$-23.2M
Q1 25
$22.4M
$-54.2M
Q4 24
$37.1M
$-2.4M
Q3 24
$-6.0M
$-30.9M
Q2 24
$13.8M
$-13.0M
Q1 24
$17.0M
$-2.6M
Free Cash Flow
POWL
POWL
RKLB
RKLB
Q4 25
$41.6M
$-114.2M
Q3 25
$59.3M
$-69.4M
Q2 25
$42.3M
$-55.3M
Q1 25
$18.3M
$-82.9M
Q4 24
$34.9M
$-23.9M
Q3 24
$-14.4M
$-41.9M
Q2 24
$12.4M
$-28.3M
Q1 24
$16.1M
$-21.8M
FCF Margin
POWL
POWL
RKLB
RKLB
Q4 25
16.6%
-63.6%
Q3 25
19.9%
-44.8%
Q2 25
14.8%
-38.3%
Q1 25
6.6%
-67.6%
Q4 24
14.4%
-18.1%
Q3 24
-5.3%
-40.0%
Q2 24
4.3%
-26.7%
Q1 24
6.3%
-23.5%
Capex Intensity
POWL
POWL
RKLB
RKLB
Q4 25
0.8%
27.6%
Q3 25
0.6%
29.6%
Q2 25
1.8%
22.2%
Q1 25
1.5%
23.4%
Q4 24
0.9%
16.3%
Q3 24
3.1%
10.5%
Q2 24
0.5%
14.4%
Q1 24
0.4%
20.7%
Cash Conversion
POWL
POWL
RKLB
RKLB
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

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%

RKLB
RKLB

Products$94.0M52%
Transferred Over Time$87.3M49%

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