Pioneer Power Solutions (PPSI) Operating Margin (2010 - 2026)
Pioneer Power Solutions (PPSI) reported Operating Margin of 47.35% for Q1 2026, down 1254.0% year-over-year from 4.1% in Q1 2025, and down 143.86% quarter-over-quarter from 19.42% in Q4 2025.
Pioneer Power Solutions (PPSI) Operating Margin (2010 - 2026) Analysis & Trends
Pioneer Power Solutions (PPSI) has 17 years of Operating Margin data on file, last reported at 47.35% in Q1 2026.
- Operating Margin for Q1 2026 came in at 47.35%, down 1254.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 24.92% (down 261.0% YoY), and the FY2025 annual result was 23.87%, down 93.0% from the prior year.
- Operating Margin slipped to 47.35% in Q1 2026 per PPSI's latest filing, from 19.42% in the prior quarter.
- Over five years, Operating Margin peaked at 65.25% in Q4 2022 and troughed at 79.03% in Q2 2022.
- A 5-year average of 16.89% and a median of 19.42% in 2025 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2022 and 2023: Operating Margin tumbled 6579 bps in 2022, then soared 8545 bps in 2023.
- A 5-year view of Operating Margin shows it stood at 65.25% in 2022, then slumped by 74 bps to 16.79% in 2023, then tumbled by 166 bps to 11.0% in 2024, then plunged by 76 bps to 19.42% in 2025, then slumped by 144 bps to 47.35% in 2026.
- Business Quant data shows PPSI's Operating Margin at 47.35% in Q1 2026, 19.42% in Q4 2025, and 21.01% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 479.97 Bn | 479.92 Bn | - | - |
| 2 | Vertiv Holdings | 114.69 Bn | 112.19 Bn | 999.70 Mn | 16.61% |
| 3 | Bloom Energy | 79.53 Bn | 77.06 Bn | 225.54 Mn | 9.61% |
| 4 | nVent Electric | 27.08 Bn | 26.89 Bn | 445.60 Mn | 15.76% |
| 5 | Hubbell | 26.67 Bn | 26.16 Bn | 505.30 Mn | 17.39% |
| 6 | Advanced Energy Industries | 13.19 Bn | 13.19 Bn | 200.90 Mn | 13.37% |
| 7 | Powell Industries | 10.63 Bn | 10.09 Bn | 87.94 Mn | 19.41% |
| 8 | Ballard Power Systems | 10.07 Bn | 9.54 Bn | 5.64 Mn | -33.48% |
| 9 | Acuity Inc. (De) | 9.39 Bn | 9.12 Bn | 520.40 Mn | 12.60% |
| 10 | Pioneer Power Solutions | 49.82 Mn | 36.24 Mn | 582,000.00 | -47.35% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -47.35% |
| Dec 31, 2025 | -19.42% |
| Sep 30, 2025 | -21.01% |
| Jun 30, 2025 | -20.41% |
| Mar 31, 2025 | -34.81% |
| Dec 31, 2024 | -11.00% |
| Sep 30, 2024 | -11.13% |
| Jun 30, 2024 | -51.10% |
| Mar 31, 2024 | -52.07% |
| Dec 31, 2023 | 16.79% |
| Sep 30, 2023 | 8.21% |
| Jun 30, 2023 | 6.42% |
| Mar 31, 2023 | 7.06% |
| Dec 31, 2022 | 65.25% |
| Sep 30, 2022 | -2.06% |
| Jun 30, 2022 | -79.03% |
| Mar 31, 2022 | -41.55% |
| Dec 31, 2021 | 54.63% |
| Sep 30, 2021 | -9.11% |
| Jun 30, 2021 | -13.24% |