vs

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

RLI CORP is the larger business by last-quarter revenue ($465.7M vs $251.2M, roughly 1.9× POWELL INDUSTRIES INC). RLI CORP runs the higher net margin — 19.6% vs 16.5%, a 3.1% gap on every dollar of revenue. On growth, RLI CORP posted the faster year-over-year revenue change (6.1% vs 4.0%). RLI CORP produced more free cash flow last quarter ($155.0M vs $41.6M). Over the past eight quarters, RLI CORP's revenue compounded faster (2.3% 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.

RLI Corp. is an American insurance company specializing in property insurance and casualty insurance. It is headquartered in Peoria, Illinois.

POWL vs RLI — Head-to-Head

Bigger by revenue
RLI
RLI
1.9× larger
RLI
$465.7M
$251.2M
POWL
Growing faster (revenue YoY)
RLI
RLI
+2.0% gap
RLI
6.1%
4.0%
POWL
Higher net margin
RLI
RLI
3.1% more per $
RLI
19.6%
16.5%
POWL
More free cash flow
RLI
RLI
$113.4M more FCF
RLI
$155.0M
$41.6M
POWL
Faster 2-yr revenue CAGR
RLI
RLI
Annualised
RLI
2.3%
-0.8%
POWL

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
POWL
POWL
RLI
RLI
Revenue
$251.2M
$465.7M
Net Profit
$41.4M
$91.2M
Gross Margin
28.4%
Operating Margin
17.0%
24.4%
Net Margin
16.5%
19.6%
Revenue YoY
4.0%
6.1%
Net Profit YoY
19.1%
123.1%
EPS (diluted)
$3.40
$1.00

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
RLI
RLI
Q4 25
$251.2M
$465.7M
Q3 25
$298.0M
$509.3M
Q2 25
$286.3M
$499.8M
Q1 25
$278.6M
$407.7M
Q4 24
$241.4M
$439.1M
Q3 24
$275.1M
$470.0M
Q2 24
$288.2M
$416.4M
Q1 24
$255.1M
$444.8M
Net Profit
POWL
POWL
RLI
RLI
Q4 25
$41.4M
$91.2M
Q3 25
$51.4M
$124.6M
Q2 25
$48.2M
$124.3M
Q1 25
$46.3M
$63.2M
Q4 24
$34.8M
$40.9M
Q3 24
$46.1M
$95.0M
Q2 24
$46.2M
$82.0M
Q1 24
$33.5M
$127.9M
Gross Margin
POWL
POWL
RLI
RLI
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
POWL
POWL
RLI
RLI
Q4 25
17.0%
24.4%
Q3 25
21.2%
30.9%
Q2 25
21.0%
31.3%
Q1 25
21.1%
19.3%
Q4 24
14.7%
10.8%
Q3 24
20.4%
24.9%
Q2 24
19.9%
24.8%
Q1 24
15.5%
36.0%
Net Margin
POWL
POWL
RLI
RLI
Q4 25
16.5%
19.6%
Q3 25
17.3%
24.5%
Q2 25
16.8%
24.9%
Q1 25
16.6%
15.5%
Q4 24
14.4%
9.3%
Q3 24
16.7%
20.2%
Q2 24
16.0%
19.7%
Q1 24
13.1%
28.8%
EPS (diluted)
POWL
POWL
RLI
RLI
Q4 25
$3.40
$1.00
Q3 25
$4.23
$1.35
Q2 25
$3.96
$1.34
Q1 25
$3.81
$0.68
Q4 24
$2.86
$-2.87
Q3 24
$3.77
$2.06
Q2 24
$3.79
$1.78
Q1 24
$2.75
$2.77

Balance Sheet & Financial Strength

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

Metric
POWL
POWL
RLI
RLI
Cash + ST InvestmentsLiquidity on hand
$500.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$668.9M
$1.8B
Total Assets
$1.1B
$6.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
POWL
POWL
RLI
RLI
Q4 25
$500.8M
Q3 25
$475.5M
Q2 25
$433.0M
Q1 25
$389.3M
Q4 24
$373.4M
Q3 24
$358.4M
Q2 24
$374.0M
Q1 24
$365.3M
Total Debt
POWL
POWL
RLI
RLI
Q4 25
Q3 25
$100.0M
Q2 25
$100.0M
Q1 25
$100.0M
Q4 24
$100.0M
Q3 24
$100.0M
Q2 24
$100.0M
Q1 24
$100.0M
Stockholders' Equity
POWL
POWL
RLI
RLI
Q4 25
$668.9M
$1.8B
Q3 25
$640.8M
$1.9B
Q2 25
$594.9M
$1.7B
Q1 25
$541.4M
$1.6B
Q4 24
$496.3M
$1.5B
Q3 24
$483.1M
$1.7B
Q2 24
$436.7M
$1.6B
Q1 24
$393.8M
$1.5B
Total Assets
POWL
POWL
RLI
RLI
Q4 25
$1.1B
$6.2B
Q3 25
$1.1B
$6.2B
Q2 25
$1.0B
$6.0B
Q1 25
$965.4M
$5.7B
Q4 24
$912.7M
$5.6B
Q3 24
$928.2M
$5.8B
Q2 24
$869.0M
$5.5B
Q1 24
$849.6M
$5.3B
Debt / Equity
POWL
POWL
RLI
RLI
Q4 25
Q3 25
0.05×
Q2 25
0.06×
Q1 25
0.06×
Q4 24
0.07×
Q3 24
0.06×
Q2 24
0.06×
Q1 24
0.07×

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
RLI
RLI
Operating Cash FlowLast quarter
$43.6M
$156.8M
Free Cash FlowOCF − Capex
$41.6M
$155.0M
FCF MarginFCF / Revenue
16.6%
33.3%
Capex IntensityCapex / Revenue
0.8%
0.4%
Cash ConversionOCF / Net Profit
1.05×
1.72×
TTM Free Cash FlowTrailing 4 quarters
$161.5M
$608.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
POWL
POWL
RLI
RLI
Q4 25
$43.6M
$156.8M
Q3 25
$61.1M
$179.2M
Q2 25
$47.4M
$174.7M
Q1 25
$22.4M
$103.5M
Q4 24
$37.1M
$128.1M
Q3 24
$-6.0M
$219.4M
Q2 24
$13.8M
$141.8M
Q1 24
$17.0M
$70.9M
Free Cash Flow
POWL
POWL
RLI
RLI
Q4 25
$41.6M
$155.0M
Q3 25
$59.3M
$177.8M
Q2 25
$42.3M
$173.4M
Q1 25
$18.3M
$102.5M
Q4 24
$34.9M
$127.6M
Q3 24
$-14.4M
$219.0M
Q2 24
$12.4M
$139.1M
Q1 24
$16.1M
$69.9M
FCF Margin
POWL
POWL
RLI
RLI
Q4 25
16.6%
33.3%
Q3 25
19.9%
34.9%
Q2 25
14.8%
34.7%
Q1 25
6.6%
25.1%
Q4 24
14.4%
29.0%
Q3 24
-5.3%
46.6%
Q2 24
4.3%
33.4%
Q1 24
6.3%
15.7%
Capex Intensity
POWL
POWL
RLI
RLI
Q4 25
0.8%
0.4%
Q3 25
0.6%
0.3%
Q2 25
1.8%
0.3%
Q1 25
1.5%
0.3%
Q4 24
0.9%
0.1%
Q3 24
3.1%
0.1%
Q2 24
0.5%
0.7%
Q1 24
0.4%
0.2%
Cash Conversion
POWL
POWL
RLI
RLI
Q4 25
1.05×
1.72×
Q3 25
1.19×
1.44×
Q2 25
0.98×
1.41×
Q1 25
0.48×
1.64×
Q4 24
1.07×
3.13×
Q3 24
-0.13×
2.31×
Q2 24
0.30×
1.73×
Q1 24
0.51×
0.55×

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%

RLI
RLI

Casualty Segment$246.8M53%
Property Insurance Segment$122.5M26%
Other$59.3M13%
Surety Insurance Segment$37.1M8%

Related Comparisons