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

VORNADO REALTY TRUST is the larger business by last-quarter revenue ($453.7M vs $251.2M, roughly 1.8× POWELL INDUSTRIES INC). POWELL INDUSTRIES INC runs the higher net margin — 16.5% vs 1.1%, a 15.4% gap on every dollar of revenue. On growth, POWELL INDUSTRIES INC posted the faster year-over-year revenue change (4.0% vs -0.9%). Over the past eight quarters, VORNADO REALTY TRUST's revenue compounded faster (2.0% 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.

Vornado Realty Trust is a real estate investment trust formed in Maryland in 1982, with its primary office in New York City. The company invests in office buildings and street retail in Manhattan.

POWL vs VNO — Head-to-Head

Bigger by revenue
VNO
VNO
1.8× larger
VNO
$453.7M
$251.2M
POWL
Growing faster (revenue YoY)
POWL
POWL
+4.9% gap
POWL
4.0%
-0.9%
VNO
Higher net margin
POWL
POWL
15.4% more per $
POWL
16.5%
1.1%
VNO
Faster 2-yr revenue CAGR
VNO
VNO
Annualised
VNO
2.0%
-0.8%
POWL

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
POWL
POWL
VNO
VNO
Revenue
$251.2M
$453.7M
Net Profit
$41.4M
$4.9M
Gross Margin
28.4%
Operating Margin
17.0%
2.8%
Net Margin
16.5%
1.1%
Revenue YoY
4.0%
-0.9%
Net Profit YoY
19.1%
-14.7%
EPS (diluted)
$3.40
$0.01

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
VNO
VNO
Q4 25
$251.2M
$453.7M
Q3 25
$298.0M
$453.7M
Q2 25
$286.3M
$441.4M
Q1 25
$278.6M
$461.6M
Q4 24
$241.4M
$457.8M
Q3 24
$275.1M
$443.3M
Q2 24
$288.2M
$450.3M
Q1 24
$255.1M
$436.4M
Net Profit
POWL
POWL
VNO
VNO
Q4 25
$41.4M
$4.9M
Q3 25
$51.4M
$27.1M
Q2 25
$48.2M
$759.3M
Q1 25
$46.3M
$102.4M
Q4 24
$34.8M
$5.8M
Q3 24
$46.1M
$-3.6M
Q2 24
$46.2M
$50.8M
Q1 24
$33.5M
$6.5M
Gross Margin
POWL
POWL
VNO
VNO
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
VNO
VNO
Q4 25
17.0%
2.8%
Q3 25
21.2%
3.0%
Q2 25
21.0%
Q1 25
21.1%
23.2%
Q4 24
14.7%
2.5%
Q3 24
20.4%
-3.3%
Q2 24
19.9%
10.1%
Q1 24
15.5%
0.1%
Net Margin
POWL
POWL
VNO
VNO
Q4 25
16.5%
1.1%
Q3 25
17.3%
6.0%
Q2 25
16.8%
172.0%
Q1 25
16.6%
22.2%
Q4 24
14.4%
1.3%
Q3 24
16.7%
-0.8%
Q2 24
16.0%
11.3%
Q1 24
13.1%
1.5%
EPS (diluted)
POWL
POWL
VNO
VNO
Q4 25
$3.40
$0.01
Q3 25
$4.23
$0.06
Q2 25
$3.96
$3.70
Q1 25
$3.81
$0.43
Q4 24
$2.86
$0.01
Q3 24
$3.77
$-0.10
Q2 24
$3.79
$0.18
Q1 24
$2.75
$-0.05

Balance Sheet & Financial Strength

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

Metric
POWL
POWL
VNO
VNO
Cash + ST InvestmentsLiquidity on hand
$500.8M
$840.9M
Total DebtLower is stronger
$2.3B
Stockholders' EquityBook value
$668.9M
$6.0B
Total Assets
$1.1B
$15.5B
Debt / EquityLower = less leverage
0.38×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
POWL
POWL
VNO
VNO
Q4 25
$500.8M
$840.9M
Q3 25
$475.5M
$1.0B
Q2 25
$433.0M
$1.2B
Q1 25
$389.3M
$568.9M
Q4 24
$373.4M
$733.9M
Q3 24
$358.4M
$783.6M
Q2 24
$374.0M
$872.6M
Q1 24
$365.3M
$892.7M
Total Debt
POWL
POWL
VNO
VNO
Q4 25
$2.3B
Q3 25
$2.3B
Q2 25
$2.1B
Q1 25
$2.1B
Q4 24
$2.6B
Q3 24
$2.6B
Q2 24
$2.6B
Q1 24
$2.6B
Stockholders' Equity
POWL
POWL
VNO
VNO
Q4 25
$668.9M
$6.0B
Q3 25
$640.8M
$6.1B
Q2 25
$594.9M
$6.1B
Q1 25
$541.4M
$5.3B
Q4 24
$496.3M
$5.2B
Q3 24
$483.1M
$5.3B
Q2 24
$436.7M
$5.6B
Q1 24
$393.8M
$5.5B
Total Assets
POWL
POWL
VNO
VNO
Q4 25
$1.1B
$15.5B
Q3 25
$1.1B
$15.7B
Q2 25
$1.0B
$15.6B
Q1 25
$965.4M
$15.6B
Q4 24
$912.7M
$16.0B
Q3 24
$928.2M
$16.1B
Q2 24
$869.0M
$16.2B
Q1 24
$849.6M
$16.2B
Debt / Equity
POWL
POWL
VNO
VNO
Q4 25
0.38×
Q3 25
0.37×
Q2 25
0.35×
Q1 25
0.40×
Q4 24
0.50×
Q3 24
0.49×
Q2 24
0.46×
Q1 24
0.46×

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
VNO
VNO
Operating Cash FlowLast quarter
$43.6M
$1.3B
Free Cash FlowOCF − Capex
$41.6M
FCF MarginFCF / Revenue
16.6%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
1.05×
256.08×
TTM Free Cash FlowTrailing 4 quarters
$161.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
POWL
POWL
VNO
VNO
Q4 25
$43.6M
$1.3B
Q3 25
$61.1M
$33.2M
Q2 25
$47.4M
$1.0B
Q1 25
$22.4M
$52.0M
Q4 24
$37.1M
$537.7M
Q3 24
$-6.0M
$105.4M
Q2 24
$13.8M
$194.7M
Q1 24
$17.0M
$31.5M
Free Cash Flow
POWL
POWL
VNO
VNO
Q4 25
$41.6M
Q3 25
$59.3M
Q2 25
$42.3M
Q1 25
$18.3M
Q4 24
$34.9M
Q3 24
$-14.4M
Q2 24
$12.4M
Q1 24
$16.1M
FCF Margin
POWL
POWL
VNO
VNO
Q4 25
16.6%
Q3 25
19.9%
Q2 25
14.8%
Q1 25
6.6%
Q4 24
14.4%
Q3 24
-5.3%
Q2 24
4.3%
Q1 24
6.3%
Capex Intensity
POWL
POWL
VNO
VNO
Q4 25
0.8%
Q3 25
0.6%
Q2 25
1.8%
Q1 25
1.5%
Q4 24
0.9%
Q3 24
3.1%
Q2 24
0.5%
Q1 24
0.4%
Cash Conversion
POWL
POWL
VNO
VNO
Q4 25
1.05×
256.08×
Q3 25
1.19×
1.22×
Q2 25
0.98×
1.35×
Q1 25
0.48×
0.51×
Q4 24
1.07×
93.39×
Q3 24
-0.13×
Q2 24
0.30×
3.83×
Q1 24
0.51×
4.85×

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%

VNO
VNO

New York Segment$374.8M83%
Building Maintenance Service$41.2M9%
Other$27.7M6%
Tenant Services$11.1M2%
Management And Leasing Fees$2.6M1%

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