Powell Industries (POWL) Research & Development (2012 - 2026)
Powell Industries (POWL) posted quarterly Research & Development of $4.3 million for Q1 2026, up 56.19% year-over-year from $2.7 million in Q1 2025, and up 31.28% quarter-over-quarter from $3.3 million in Q4 2025.
Powell Industries (POWL) Research & Development (2012 - 2026) Analysis & Trends
Powell Industries (POWL) has reported Research & Development for 15 consecutive years, with $4.3 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Research & Development rose 56.19% year-over-year to $4.3 million; the TTM figure through Mar 2026 stood at $13.3 million (up 28.65% YoY), while the FY2025 annual figure was $11.0 million, up 17.11% from the prior year.
- Research & Development advanced to $4.3 million in Q1 2026 per POWL's latest filing, from $3.3 million in the prior quarter.
- Across five years, Research & Development topped out at $4.3 million in Q1 2026 and bottomed at $1.4 million in Q2 2023.
- Historically, Research & Development has averaged $2.3 million across 5 years, with a median of $2.3 million in 2024.
- Annual changes were most pronounced in 2023 — Research & Development dropped 20.99% — and 2024, when it soared 70.29%.
- Powell Industries' Research & Development stood at $1.5 million in 2022, then soared by 31.05% to $2.0 million in 2023, then increased by 25.88% to $2.5 million in 2024, then surged by 31.95% to $3.3 million in 2025, then soared by 31.28% to $4.3 million in 2026.
- Business Quant data shows POWL's Research & Development at $4.3 million in Q1 2026, $3.3 million in Q4 2025, and $3.1 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 101.35 Bn | 98.24 Bn | 1.23 Bn | - |
| 2 | Bloom Energy | 58.17 Bn | 55.50 Bn | 355.57 Mn | 58.87 Mn |
| 3 | nVent Electric | 24.99 Bn | 24.74 Bn | 558.00 Mn | 24.50 Mn |
| 4 | Hubbell | 24.90 Bn | 24.51 Bn | 613.00 Mn | - |
| 5 | Advanced Energy Industries | 11.37 Bn | 9.96 Bn | 236.10 Mn | 65.00 Mn |
| 6 | Acuity Inc. (De) | 10.36 Bn | 9.95 Bn | 606.40 Mn | - |
| 7 | Powell Industries | 7.22 Bn | 6.58 Bn | 95.30 Mn | 4.30 Mn |
| 8 | EnerSys | 6.93 Bn | 6.40 Bn | 313.36 Mn | - |
| 9 | Hayward Holdings | 3.18 Bn | 2.70 Bn | 155.05 Mn | 7.67 Mn |
| 10 | Atkore | 3.16 Bn | 2.82 Bn | 176.27 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 4.30 Mn |
| Mar 31, 2026 | 4.29 Mn |
| Dec 31, 2025 | 3.27 Mn |
| Sep 30, 2025 | 3.13 Mn |
| Jun 30, 2025 | 2.66 Mn |
| Mar 31, 2025 | 2.75 Mn |
| Dec 31, 2024 | 2.48 Mn |
| Sep 30, 2024 | 2.72 Mn |
| Jun 30, 2024 | 2.43 Mn |
| Mar 31, 2024 | 2.28 Mn |
| Dec 31, 2023 | 1.97 Mn |
| Sep 30, 2023 | 1.73 Mn |
| Jun 30, 2023 | 1.43 Mn |
| Mar 31, 2023 | 1.54 Mn |
| Dec 31, 2022 | 1.50 Mn |
| Sep 30, 2022 | 1.66 Mn |
| Jun 30, 2022 | 1.81 Mn |
| Mar 31, 2022 | 1.71 Mn |
| Dec 31, 2021 | 1.82 Mn |
| Sep 30, 2021 | 1.62 Mn |