PSIXPOWER SOLUTIONS INTERNATIONAL, INC.
Engines & Turbines
- Revenue
- $722M
- 52% YoY
- Operating margin
- 15.2%
- 11% YoY
- EBITDA
- $114M
- 33% YoY
- Market cap
- $1.1B
- Employees
- 1,000
- $722K revenue each
- Net debt / EBITDA
- 0.2×
- $27M net debt
- AI in 10-K
- 1.7
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 1 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashYes21% of net incomeCash flow under 80% of net income
- Dilutive SBCNo0% of revenueOver 10% of revenue
- Payouts exceed cash flowNo18% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo8% of assetsOver 40% of assets
- Shareholder dissentNo99% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo$722K · 82nd pctBottom quartile of its SIC industry
- Quiet on AINo1.7 per 10K words · 49th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo0.2× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedYes$1.1B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$0 netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $456M | $481M | $459M | $476M | $722M | 52% |
| Operating income | −$42M | $25M | $44M | $82M | $110M | 34% |
| Net income | −$48M | $11M | $26M | $69M | $114M | 65% |
| Operating cash flow | −$61M | −$9M | $71M | $62M | $24M | 61% |
| Stock-based comp | $394K | $385K | $151K | $89K | $427K | 380% |
Deal filings
None.
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|---|---|---|---|
| Sep 22, 2025 | Winemaster Gary S | SCHEDULE 13D/A | 6.3% | Passive |
| Aug 28, 2025 | Weichai America Corp. | SCHEDULE 13D/A | 46.5% | Passive |
| Aug 25, 2025 | Weichai America Corp. | SCHEDULE 13D/A | 47.5% | Passive |
| Aug 19, 2025 | Weichai America Corp. | SCHEDULE 13D/A | 48.7% | Passive |
| Aug 15, 2025 | Weichai America Corp. | SCHEDULE 13D/A | 49.8% | Passive |
| Aug 7, 2025 | Winemaster Gary S | SCHEDULE 13D/A | 8.4% | Passive |
| Apr 23, 2025 | Winemaster Gary S | SCHEDULE 13D/A | 9.5% | Passive |
| Aug 7, 2023 | Winemaster Gary S | SC 13D/A | 14.5% | Passive |
| Nov 12, 2020 | Winemaster Gary S | SC 13D/A | 15.4% | Passive |
| Apr 26, 2019 | Weichai America Corp. | SC 13D/A | 51.0% | Passive |
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 1905 | — |
| FY2024 | — | — | 992 | — |
| FY2023 | — | — | 68 | — |