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Side-by-side financial comparison of POWER SOLUTIONS INTERNATIONAL, INC. (PSIX) and T1 Energy Inc. (TE). Click either name above to swap in a different company.
T1 Energy Inc. is the larger business by last-quarter revenue ($210.5M vs $191.2M, roughly 1.1× POWER SOLUTIONS INTERNATIONAL, INC.). POWER SOLUTIONS INTERNATIONAL, INC. runs the higher net margin — 8.4% vs -62.0%, a 70.4% gap on every dollar of revenue. T1 Energy Inc. produced more free cash flow last quarter ($55.0M vs $-7.6M).
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.
Sony Energy Devices Corporation , is a Japanese multinational company specializing in a variety of areas in the energy industry, and is a wholly owned subsidiary and part of the Devices Group of Sony. The company was established in February 1975 in Fukushima, Japan.
PSIX vs TE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $191.2M | $210.5M |
| Net Profit | $16.1M | $-130.6M |
| Gross Margin | 21.9% | 10.0% |
| Operating Margin | 12.7% | -45.0% |
| Net Margin | 8.4% | -62.0% |
| Revenue YoY | 32.5% | — |
| Net Profit YoY | -31.0% | -375.2% |
| EPS (diluted) | $0.69 | $-0.87 |
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 | — | ||
| Q3 25 | $203.8M | $210.5M | ||
| Q2 25 | $191.9M | $132.8M | ||
| Q1 25 | $135.4M | $53.5M | ||
| Q4 24 | $144.3M | — | ||
| Q3 24 | $125.8M | $0 | ||
| Q2 24 | $110.6M | $0 | ||
| Q1 24 | $95.2M | $0 |
| Q4 25 | $16.1M | — | ||
| Q3 25 | $27.6M | $-130.6M | ||
| Q2 25 | $51.2M | $-31.9M | ||
| Q1 25 | $19.1M | $-16.2M | ||
| Q4 24 | $23.3M | — | ||
| Q3 24 | $17.3M | $-27.5M | ||
| Q2 24 | $21.5M | $-27.0M | ||
| Q1 24 | $7.1M | $-28.5M |
| Q4 25 | 21.9% | — | ||
| Q3 25 | 23.9% | 10.0% | ||
| Q2 25 | 28.2% | 24.7% | ||
| Q1 25 | 29.7% | 33.3% | ||
| Q4 24 | 29.9% | — | ||
| Q3 24 | 28.9% | — | ||
| Q2 24 | 31.8% | — | ||
| Q1 24 | 27.0% | — |
| Q4 25 | 12.7% | — | ||
| Q3 25 | 13.9% | -45.0% | ||
| Q2 25 | 16.9% | -22.0% | ||
| Q1 25 | 18.2% | -44.2% | ||
| Q4 24 | 17.5% | — | ||
| Q3 24 | 16.3% | — | ||
| Q2 24 | 22.9% | — | ||
| Q1 24 | 11.2% | — |
| Q4 25 | 8.4% | — | ||
| Q3 25 | 13.5% | -62.0% | ||
| Q2 25 | 26.7% | -24.0% | ||
| Q1 25 | 14.1% | -30.4% | ||
| Q4 24 | 16.1% | — | ||
| Q3 24 | 13.8% | — | ||
| Q2 24 | 19.5% | — | ||
| Q1 24 | 7.5% | — |
| Q4 25 | $0.69 | — | ||
| Q3 25 | $1.20 | $-0.87 | ||
| Q2 25 | $2.22 | $-0.21 | ||
| Q1 25 | $0.83 | $-0.11 | ||
| Q4 24 | $1.01 | — | ||
| Q3 24 | $0.75 | $-0.20 | ||
| Q2 24 | $0.94 | $-0.19 | ||
| Q1 24 | $0.31 | $-0.20 |
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 | $34.1M |
| Total DebtLower is stronger | $96.6M | $547.3M |
| Stockholders' EquityBook value | $178.6M | $96.9M |
| Total Assets | $424.7M | $1.4B |
| Debt / EquityLower = less leverage | 0.54× | 5.65× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $41.3M | — | ||
| Q3 25 | $49.0M | $34.1M | ||
| Q2 25 | $49.5M | $8.5M | ||
| Q1 25 | $50.0M | $48.9M | ||
| Q4 24 | $55.3M | — | ||
| Q3 24 | $40.5M | $181.9M | ||
| Q2 24 | $28.8M | $219.6M | ||
| Q1 24 | $33.1M | $249.9M |
| Q4 25 | $96.6M | — | ||
| Q3 25 | $96.7M | $547.3M | ||
| Q2 25 | $1.8M | $591.2M | ||
| Q1 25 | $1.0M | $603.2M | ||
| Q4 24 | $184.0K | — | ||
| Q3 24 | $238.0K | — | ||
| Q2 24 | $292.0K | — | ||
| Q1 24 | $345.0K | $602.3M |
| Q4 25 | $178.6M | — | ||
| Q3 25 | $162.5M | $96.9M | ||
| Q2 25 | $135.7M | $183.9M | ||
| Q1 25 | $84.3M | $201.9M | ||
| Q4 24 | $65.3M | — | ||
| Q3 24 | $42.1M | $538.7M | ||
| Q2 24 | $24.8M | $561.6M | ||
| Q1 24 | $3.2M | $582.3M |
| Q4 25 | $424.7M | — | ||
| Q3 25 | $458.9M | $1.4B | ||
| Q2 25 | $437.7M | $1.4B | ||
| Q1 25 | $372.7M | $1.4B | ||
| Q4 24 | $328.2M | — | ||
| Q3 24 | $339.1M | $615.0M | ||
| Q2 24 | $307.6M | $644.4M | ||
| Q1 24 | $286.8M | $670.3M |
| Q4 25 | 0.54× | — | ||
| Q3 25 | 0.60× | 5.65× | ||
| Q2 25 | 0.01× | 3.21× | ||
| Q1 25 | 0.01× | 2.99× | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.01× | — | ||
| Q2 24 | 0.01× | — | ||
| Q1 24 | 0.11× | 1.03× |
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 | $63.9M |
| Free Cash FlowOCF − Capex | $-7.6M | $55.0M |
| FCF MarginFCF / Revenue | -4.0% | 26.1% |
| Capex IntensityCapex / Revenue | 1.6% | 4.2% |
| Cash ConversionOCF / Net Profit | -0.29× | — |
| TTM Free Cash FlowTrailing 4 quarters | $14.1M | $-42.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-4.6M | — | ||
| Q3 25 | $3.3M | $63.9M | ||
| Q2 25 | $16.7M | $33.4M | ||
| Q1 25 | $8.8M | $-44.8M | ||
| Q4 24 | $32.7M | — | ||
| Q3 24 | $12.6M | $-28.4M | ||
| Q2 24 | $1.5M | $-28.0M | ||
| Q1 24 | $15.6M | $-16.2M |
| Q4 25 | $-7.6M | — | ||
| Q3 25 | $1.7M | $55.0M | ||
| Q2 25 | $14.6M | $10.6M | ||
| Q1 25 | $5.4M | $-74.0M | ||
| Q4 24 | $30.0M | — | ||
| Q3 24 | $12.1M | $-34.0M | ||
| Q2 24 | $822.0K | $-35.6M | ||
| Q1 24 | $14.8M | $-37.7M |
| Q4 25 | -4.0% | — | ||
| Q3 25 | 0.8% | 26.1% | ||
| Q2 25 | 7.6% | 8.0% | ||
| Q1 25 | 4.0% | -138.4% | ||
| Q4 24 | 20.8% | — | ||
| Q3 24 | 9.7% | — | ||
| Q2 24 | 0.7% | — | ||
| Q1 24 | 15.6% | — |
| Q4 25 | 1.6% | — | ||
| Q3 25 | 0.8% | 4.2% | ||
| Q2 25 | 1.1% | 17.2% | ||
| Q1 25 | 2.5% | 54.5% | ||
| Q4 24 | 1.8% | — | ||
| Q3 24 | 0.3% | — | ||
| Q2 24 | 0.6% | — | ||
| Q1 24 | 0.9% | — |
| 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% |
TE
| Related Party | $120.1M | 57% |
| Nonrelated Party | $90.4M | 43% |
