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Side-by-side financial comparison of POWELL INDUSTRIES INC (POWL) and Victory Capital Holdings, Inc. (VCTR). Click either name above to swap in a different company.

Victory Capital Holdings, Inc. is the larger business by last-quarter revenue ($374.1M vs $251.2M, roughly 1.5× POWELL INDUSTRIES INC). Victory Capital Holdings, Inc. runs the higher net margin — 30.2% vs 16.5%, a 13.7% gap on every dollar of revenue. On growth, Victory Capital Holdings, Inc. posted the faster year-over-year revenue change (61.0% vs 4.0%). Victory Capital Holdings, Inc. produced more free cash flow last quarter ($144.5M vs $41.6M). Over the past eight quarters, Victory Capital Holdings, Inc.'s revenue compounded faster (31.7% 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.

Victory Capital Holdings, Inc. is an American financial services company headquartered in San Antonio, Texas that focuses on investment management. Outside the US, it also has investment professionals in London, Hong Kong and Singapore.

POWL vs VCTR — Head-to-Head

Bigger by revenue
VCTR
VCTR
1.5× larger
VCTR
$374.1M
$251.2M
POWL
Growing faster (revenue YoY)
VCTR
VCTR
+57.0% gap
VCTR
61.0%
4.0%
POWL
Higher net margin
VCTR
VCTR
13.7% more per $
VCTR
30.2%
16.5%
POWL
More free cash flow
VCTR
VCTR
$102.9M more FCF
VCTR
$144.5M
$41.6M
POWL
Faster 2-yr revenue CAGR
VCTR
VCTR
Annualised
VCTR
31.7%
-0.8%
POWL

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
POWL
POWL
VCTR
VCTR
Revenue
$251.2M
$374.1M
Net Profit
$41.4M
$112.8M
Gross Margin
28.4%
Operating Margin
17.0%
40.9%
Net Margin
16.5%
30.2%
Revenue YoY
4.0%
61.0%
Net Profit YoY
19.1%
46.6%
EPS (diluted)
$3.40
$1.33

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
VCTR
VCTR
Q4 25
$251.2M
$374.1M
Q3 25
$298.0M
$361.2M
Q2 25
$286.3M
$351.2M
Q1 25
$278.6M
$219.6M
Q4 24
$241.4M
$232.4M
Q3 24
$275.1M
$225.6M
Q2 24
$288.2M
$219.6M
Q1 24
$255.1M
$215.9M
Net Profit
POWL
POWL
VCTR
VCTR
Q4 25
$41.4M
$112.8M
Q3 25
$51.4M
$96.5M
Q2 25
$48.2M
$58.7M
Q1 25
$46.3M
$62.0M
Q4 24
$34.8M
$76.9M
Q3 24
$46.1M
$82.0M
Q2 24
$46.2M
$74.3M
Q1 24
$33.5M
$55.7M
Gross Margin
POWL
POWL
VCTR
VCTR
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
VCTR
VCTR
Q4 25
17.0%
40.9%
Q3 25
21.2%
38.2%
Q2 25
21.0%
26.8%
Q1 25
21.1%
42.3%
Q4 24
14.7%
48.1%
Q3 24
20.4%
53.3%
Q2 24
19.9%
50.4%
Q1 24
15.5%
39.3%
Net Margin
POWL
POWL
VCTR
VCTR
Q4 25
16.5%
30.2%
Q3 25
17.3%
26.7%
Q2 25
16.8%
16.7%
Q1 25
16.6%
28.2%
Q4 24
14.4%
33.1%
Q3 24
16.7%
36.3%
Q2 24
16.0%
33.8%
Q1 24
13.1%
25.8%
EPS (diluted)
POWL
POWL
VCTR
VCTR
Q4 25
$3.40
$1.33
Q3 25
$4.23
$1.11
Q2 25
$3.96
$0.68
Q1 25
$3.81
$0.96
Q4 24
$2.86
$1.18
Q3 24
$3.77
$1.24
Q2 24
$3.79
$1.12
Q1 24
$2.75
$0.84

Balance Sheet & Financial Strength

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

Metric
POWL
POWL
VCTR
VCTR
Cash + ST InvestmentsLiquidity on hand
$500.8M
$163.7M
Total DebtLower is stronger
$970.0M
Stockholders' EquityBook value
$668.9M
$2.4B
Total Assets
$1.1B
$4.2B
Debt / EquityLower = less leverage
0.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
POWL
POWL
VCTR
VCTR
Q4 25
$500.8M
$163.7M
Q3 25
$475.5M
$115.7M
Q2 25
$433.0M
$107.9M
Q1 25
$389.3M
$175.6M
Q4 24
$373.4M
$126.7M
Q3 24
$358.4M
$188.2M
Q2 24
$374.0M
$119.0M
Q1 24
$365.3M
$79.9M
Total Debt
POWL
POWL
VCTR
VCTR
Q4 25
$970.0M
Q3 25
$972.0M
Q2 25
$965.7M
Q1 25
$964.8M
Q4 24
$963.9M
Q3 24
$982.7M
Q2 24
$981.7M
Q1 24
$990.2M
Stockholders' Equity
POWL
POWL
VCTR
VCTR
Q4 25
$668.9M
$2.4B
Q3 25
$640.8M
$2.4B
Q2 25
$594.9M
$2.5B
Q1 25
$541.4M
$1.1B
Q4 24
$496.3M
$1.1B
Q3 24
$483.1M
$1.2B
Q2 24
$436.7M
$1.1B
Q1 24
$393.8M
$1.1B
Total Assets
POWL
POWL
VCTR
VCTR
Q4 25
$1.1B
$4.2B
Q3 25
$1.1B
$4.2B
Q2 25
$1.0B
$4.2B
Q1 25
$965.4M
$2.6B
Q4 24
$912.7M
$2.5B
Q3 24
$928.2M
$2.6B
Q2 24
$869.0M
$2.5B
Q1 24
$849.6M
$2.5B
Debt / Equity
POWL
POWL
VCTR
VCTR
Q4 25
0.40×
Q3 25
0.41×
Q2 25
0.39×
Q1 25
0.84×
Q4 24
0.86×
Q3 24
0.84×
Q2 24
0.87×
Q1 24
0.92×

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
VCTR
VCTR
Operating Cash FlowLast quarter
$43.6M
$145.1M
Free Cash FlowOCF − Capex
$41.6M
$144.5M
FCF MarginFCF / Revenue
16.6%
38.6%
Capex IntensityCapex / Revenue
0.8%
0.2%
Cash ConversionOCF / Net Profit
1.05×
1.29×
TTM Free Cash FlowTrailing 4 quarters
$161.5M
$381.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
POWL
POWL
VCTR
VCTR
Q4 25
$43.6M
$145.1M
Q3 25
$61.1M
$165.9M
Q2 25
$47.4M
$-6.6M
Q1 25
$22.4M
$81.1M
Q4 24
$37.1M
$91.8M
Q3 24
$-6.0M
$99.8M
Q2 24
$13.8M
$79.7M
Q1 24
$17.0M
$68.7M
Free Cash Flow
POWL
POWL
VCTR
VCTR
Q4 25
$41.6M
$144.5M
Q3 25
$59.3M
$164.8M
Q2 25
$42.3M
$-7.5M
Q1 25
$18.3M
$79.5M
Q4 24
$34.9M
$91.7M
Q3 24
$-14.4M
$99.4M
Q2 24
$12.4M
$79.5M
Q1 24
$16.1M
$68.2M
FCF Margin
POWL
POWL
VCTR
VCTR
Q4 25
16.6%
38.6%
Q3 25
19.9%
45.6%
Q2 25
14.8%
-2.1%
Q1 25
6.6%
36.2%
Q4 24
14.4%
39.4%
Q3 24
-5.3%
44.0%
Q2 24
4.3%
36.2%
Q1 24
6.3%
31.6%
Capex Intensity
POWL
POWL
VCTR
VCTR
Q4 25
0.8%
0.2%
Q3 25
0.6%
0.3%
Q2 25
1.8%
0.3%
Q1 25
1.5%
0.7%
Q4 24
0.9%
0.1%
Q3 24
3.1%
0.2%
Q2 24
0.5%
0.1%
Q1 24
0.4%
0.2%
Cash Conversion
POWL
POWL
VCTR
VCTR
Q4 25
1.05×
1.29×
Q3 25
1.19×
1.72×
Q2 25
0.98×
-0.11×
Q1 25
0.48×
1.31×
Q4 24
1.07×
1.19×
Q3 24
-0.13×
1.22×
Q2 24
0.30×
1.07×
Q1 24
0.51×
1.23×

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%

VCTR
VCTR

Investment Management Fees$301.4M81%
Fund Administration And Distribution Fees$72.8M19%

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