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Side-by-side financial comparison of POWER SOLUTIONS INTERNATIONAL, INC. (PSIX) and SOLAREDGE TECHNOLOGIES, INC. (SEDG). Click either name above to swap in a different company.
SOLAREDGE TECHNOLOGIES, INC. is the larger business by last-quarter revenue ($335.4M vs $191.2M, roughly 1.8× POWER SOLUTIONS INTERNATIONAL, INC.). POWER SOLUTIONS INTERNATIONAL, INC. runs the higher net margin — 8.4% vs -39.4%, a 47.8% gap on every dollar of revenue. On growth, SOLAREDGE TECHNOLOGIES, INC. posted the faster year-over-year revenue change (70.9% vs 32.5%). SOLAREDGE TECHNOLOGIES, INC. produced more free cash flow last quarter ($43.3M vs $-7.6M). Over the past eight quarters, POWER SOLUTIONS INTERNATIONAL, INC.'s revenue compounded faster (41.7% CAGR vs 28.1%).
Adani Energy Solutions Ltd, formerly known as Adani Transmission Ltd, is an electric power transmission and distribution company headquartered in Ahmedabad. As of April 2025, the company operates a cumulative transmission network of 26,696 circuit kilometers and is one of the largest private sector power transmission companies operating in India.
SolarEdge Technologies, Inc. is an Israeli company that developed a DC optimized inverter system.
PSIX vs SEDG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $191.2M | $335.4M |
| Net Profit | $16.1M | $-132.1M |
| Gross Margin | 21.9% | 22.2% |
| Operating Margin | 12.7% | -14.4% |
| Net Margin | 8.4% | -39.4% |
| Revenue YoY | 32.5% | 70.9% |
| Net Profit YoY | -31.0% | 54.0% |
| EPS (diluted) | $0.69 | $-2.21 |
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.
| Q4 25 | $191.2M | $335.4M | ||
| Q3 25 | $203.8M | $340.2M | ||
| Q2 25 | $191.9M | $289.4M | ||
| Q1 25 | $135.4M | $219.5M | ||
| Q4 24 | $144.3M | $196.2M | ||
| Q3 24 | $125.8M | $235.4M | ||
| Q2 24 | $110.6M | $265.4M | ||
| Q1 24 | $95.2M | $204.4M |
| Q4 25 | $16.1M | $-132.1M | ||
| Q3 25 | $27.6M | $-50.1M | ||
| Q2 25 | $51.2M | $-124.7M | ||
| Q1 25 | $19.1M | $-98.5M | ||
| Q4 24 | $23.3M | $-287.4M | ||
| Q3 24 | $17.3M | $-1.2B | ||
| Q2 24 | $21.5M | $-130.8M | ||
| Q1 24 | $7.1M | $-157.3M |
| Q4 25 | 21.9% | 22.2% | ||
| Q3 25 | 23.9% | 21.2% | ||
| Q2 25 | 28.2% | 11.1% | ||
| Q1 25 | 29.7% | 8.0% | ||
| Q4 24 | 29.9% | -57.2% | ||
| Q3 24 | 28.9% | -309.1% | ||
| Q2 24 | 31.8% | -4.1% | ||
| Q1 24 | 27.0% | -12.8% |
| Q4 25 | 12.7% | -14.4% | ||
| Q3 25 | 13.9% | -10.3% | ||
| Q2 25 | 16.9% | -39.9% | ||
| Q1 25 | 18.2% | -46.8% | ||
| Q4 24 | 17.5% | -134.4% | ||
| Q3 24 | 16.3% | -471.8% | ||
| Q2 24 | 22.9% | -60.4% | ||
| Q1 24 | 11.2% | -85.0% |
| Q4 25 | 8.4% | -39.4% | ||
| Q3 25 | 13.5% | -14.7% | ||
| Q2 25 | 26.7% | -43.1% | ||
| Q1 25 | 14.1% | -44.9% | ||
| Q4 24 | 16.1% | -146.5% | ||
| Q3 24 | 13.8% | -522.8% | ||
| Q2 24 | 19.5% | -49.3% | ||
| Q1 24 | 7.5% | -77.0% |
| Q4 25 | $0.69 | $-2.21 | ||
| Q3 25 | $1.20 | $-0.84 | ||
| Q2 25 | $2.22 | $-2.13 | ||
| Q1 25 | $0.83 | $-1.70 | ||
| Q4 24 | $1.01 | $-5.00 | ||
| Q3 24 | $0.75 | $-21.58 | ||
| Q2 24 | $0.94 | $-2.31 | ||
| Q1 24 | $0.31 | $-2.75 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $41.3M | $493.2M |
| Total DebtLower is stronger | $96.6M | — |
| Stockholders' EquityBook value | $178.6M | $427.5M |
| Total Assets | $424.7M | $2.2B |
| Debt / EquityLower = less leverage | 0.54× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $41.3M | $493.2M | ||
| Q3 25 | $49.0M | $498.6M | ||
| Q2 25 | $49.5M | $758.0M | ||
| Q1 25 | $50.0M | $651.6M | ||
| Q4 24 | $55.3M | $585.9M | ||
| Q3 24 | $40.5M | $678.8M | ||
| Q2 24 | $28.8M | $689.8M | ||
| Q1 24 | $33.1M | $680.6M |
| Q4 25 | $96.6M | — | ||
| Q3 25 | $96.7M | — | ||
| Q2 25 | $1.8M | — | ||
| Q1 25 | $1.0M | — | ||
| Q4 24 | $184.0K | — | ||
| Q3 24 | $238.0K | — | ||
| Q2 24 | $292.0K | — | ||
| Q1 24 | $345.0K | — |
| Q4 25 | $178.6M | $427.5M | ||
| Q3 25 | $162.5M | $479.8M | ||
| Q2 25 | $135.7M | $513.2M | ||
| Q1 25 | $84.3M | $594.2M | ||
| Q4 24 | $65.3M | $658.3M | ||
| Q3 24 | $42.1M | $930.9M | ||
| Q2 24 | $24.8M | $2.1B | ||
| Q1 24 | $3.2M | $2.2B |
| Q4 25 | $424.7M | $2.2B | ||
| Q3 25 | $458.9M | $2.2B | ||
| Q2 25 | $437.7M | $2.5B | ||
| Q1 25 | $372.7M | $2.5B | ||
| Q4 24 | $328.2M | $2.6B | ||
| Q3 24 | $339.1M | $2.8B | ||
| Q2 24 | $307.6M | $3.9B | ||
| Q1 24 | $286.8M | $4.2B |
| Q4 25 | 0.54× | — | ||
| Q3 25 | 0.60× | — | ||
| Q2 25 | 0.01× | — | ||
| Q1 25 | 0.01× | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.01× | — | ||
| Q2 24 | 0.01× | — | ||
| Q1 24 | 0.11× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-4.6M | $52.6M |
| Free Cash FlowOCF − Capex | $-7.6M | $43.3M |
| FCF MarginFCF / Revenue | -4.0% | 12.9% |
| Capex IntensityCapex / Revenue | 1.6% | 2.8% |
| Cash ConversionOCF / Net Profit | -0.29× | — |
| TTM Free Cash FlowTrailing 4 quarters | $14.1M | $80.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-4.6M | $52.6M | ||
| Q3 25 | $3.3M | $25.6M | ||
| Q2 25 | $16.7M | $-7.8M | ||
| Q1 25 | $8.8M | $33.8M | ||
| Q4 24 | $32.7M | $37.8M | ||
| Q3 24 | $12.6M | $-89.3M | ||
| Q2 24 | $1.5M | $-44.8M | ||
| Q1 24 | $15.6M | $-217.0M |
| Q4 25 | $-7.6M | $43.3M | ||
| Q3 25 | $1.7M | $22.8M | ||
| Q2 25 | $14.6M | $-9.1M | ||
| Q1 25 | $5.4M | $23.7M | ||
| Q4 24 | $30.0M | $25.5M | ||
| Q3 24 | $12.1M | $-136.7M | ||
| Q2 24 | $822.0K | $-67.0M | ||
| Q1 24 | $14.8M | $-243.4M |
| Q4 25 | -4.0% | 12.9% | ||
| Q3 25 | 0.8% | 6.7% | ||
| Q2 25 | 7.6% | -3.1% | ||
| Q1 25 | 4.0% | 10.8% | ||
| Q4 24 | 20.8% | 13.0% | ||
| Q3 24 | 9.7% | -58.1% | ||
| Q2 24 | 0.7% | -25.2% | ||
| Q1 24 | 15.6% | -119.1% |
| Q4 25 | 1.6% | 2.8% | ||
| Q3 25 | 0.8% | 0.8% | ||
| Q2 25 | 1.1% | 0.4% | ||
| Q1 25 | 2.5% | 4.6% | ||
| Q4 24 | 1.8% | 6.2% | ||
| Q3 24 | 0.3% | 20.1% | ||
| Q2 24 | 0.6% | 8.4% | ||
| Q1 24 | 0.9% | 12.9% |
| Q4 25 | -0.29× | — | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.33× | — | ||
| Q1 25 | 0.46× | — | ||
| Q4 24 | 1.40× | — | ||
| Q3 24 | 0.73× | — | ||
| Q2 24 | 0.07× | — | ||
| Q1 24 | 2.20× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PSIX
| Energy End Market | $153.4M | 80% |
| Industrial End Market | $33.3M | 17% |
| Transportation End Market | $4.6M | 2% |
SEDG
| Other | $197.7M | 59% |
| Europe Except Netherlands | $99.4M | 30% |
| Others | $38.2M | 11% |
