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Ideal Power Inc. (IPWR) 10-Year Financial Performance & Capital Metrics

IPWR • • Industrial / General
IndustrialsElectrical EquipmentPower Conversion & Control EquipmentIndustrial Power Systems
AboutIdeal Power Inc. focuses on the development and commercialization of its B-TRAN technology. It develops Bi-directional bi-polar junction TRANsistor solid state switch technology. The company was formerly known as Ideal Power Converters Inc. and changed its name to Ideal Power Inc. in July 2013. Ideal Power Inc. was incorporated in 2007 and is headquartered in Austin, Texas.Show more
  • Revenue $86K -56.7%
  • EBITDA -$11M -5.7%
  • Net Income -$10M -4.7%
  • EPS (Diluted) -1.28 +20.5%
  • Gross Margin -8.57% -144.6%
  • EBITDA Margin -12384.52% -144.3%
  • Operating Margin -12868.67% -147.2%
  • Net Margin -12109.23% -141.9%
  • ROE -74.64% -4.9%
  • ROIC -387.45% +9.7%
  • Debt/Equity 0.03 +34.9%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Trading at only 1.5x book value

✗Weaknesses

  • ✗Weak Piotroski F-Score: 2/9
  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 15 (bottom 15%)
  • ✗Shares diluted 31.9% in last year
  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-26.2%
5Y-
3Y-46.95%
TTM-69.65%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-10.25%

EPS CAGR

10Y-
5Y-
3Y-
TTM11.43%

ROCE

10Y Avg-68.94%
5Y Avg-59.27%
3Y Avg-57.99%
Latest-72.4%

Peer Comparison

Industrial Power Systems
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Size & Scale
Valuation
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Technical
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
AEISAdvanced Energy Industries, Inc.9.71B257.29179.92-10.49%8.41%11.09%0.76%0.56
VRTVertiv Holdings Co65.97B172.54134.8016.74%10.67%29.48%1.72%1.29
HAYWHayward Holdings, Inc.3.63B16.74315.96%12.62%9.06%5.17%0.69
POWLPowell Industries, Inc.4.92B405.5527.299.08%16.22%29.48%3.14%0.00
PPSIPioneer Power Solutions, Inc.53.48M4.821.66105.82%118.38%105.11%0.02
POLAPolar Power, Inc.3.86M1.44-0.77-8.65%-104.13%-299.07%0.81
IPWRIdeal Power Inc.27.54M3.23-2.52-56.74%-261.41%-111.94%0.03
TGENTecogen Inc.148.93M4.99-26.26-10.02%-19.55%-21.49%2.08%0.37

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+4.26M1.63M1.21M00428.13K576.4K203.27K198.87K86.03K
Revenue Growth %1.37%-0.62%-0.26%-1%--0.35%-0.65%-0.02%-0.57%
Cost of Goods Sold+3.87M1.94M2.24M137.51K110.46K428.13K576.4K203.27K160.61K93.41K
COGS % of Revenue0.91%1.19%1.85%--1%1%1%0.81%1.09%
Gross Profit+387.24K-310.97K-1.03M-137.51K-110.46K00038.26K-7.38K
Gross Margin %0.09%-0.19%-0.85%-----0.19%-0.09%
Gross Profit Growth %1.81%-1.8%-2.31%0.87%0.2%1%----1.19%
Operating Expenses+10.86M10.71M9.32M4.31M3.12M4.07M4.85M7.34M10.39M11.06M
OpEx % of Revenue2.55%6.57%7.69%--9.5%8.41%36.12%52.25%128.6%
Selling, General & Admin5.34M5.48M5.14M3.44M2.07M2.35M2.92M3.98M4.65M4.86M
SG&A % of Revenue1.25%3.37%4.24%--5.48%5.07%19.56%23.37%56.45%
Research & Development5.52M5.22M4.18M871.74K1.05M1.72M1.93M3.37M5.74M6.21M
R&D % of Revenue1.3%3.21%3.45%--4.02%3.34%16.56%28.88%72.15%
Other Operating Expenses0000000000
Operating Income+-10.47M-11.02M-10.35M-4.31M-3.12M-4.07M-4.85M-7.34M-10.35M-11.07M
Operating Margin %-2.46%-6.76%-8.54%---9.5%-8.41%-36.12%-52.05%-128.69%
Operating Income Growth %-0.51%-0.05%0.06%0.58%0.28%-0.31%-0.19%-0.51%-0.41%-0.07%
EBITDA+-10.24M-10.61M-10.2M-4.17M-3M-3.95M-4.69M-7.16M-10.08M-10.65M
EBITDA Margin %-2.4%-6.51%-8.41%---9.22%-8.14%-35.2%-50.69%-123.85%
EBITDA Growth %-0.49%-0.04%0.04%0.59%0.28%-0.31%-0.19%-0.53%-0.41%-0.06%
D&A (Non-Cash Add-back)232.85K406.64K154.76K137.51K110.46K122.15K157.56K187.08K271.75K416.52K
EBIT-10.47M-11.02M-4.21M-4.27M-3.12M-7.79M-4.85M-7.34M-10.35M-11.07M
Net Interest Income+31.47K36.05K00-4.27K-5.05K-12.7K153.61K398.07K653.36K
Interest Income31.47K36.05K17.59K0000153.61K398.07K653.36K
Interest Expense00004.27K5.05K12.7K000
Other Income/Expense31.47K36.05K-6.21M40.02K-4.27K-3.73M78.71K153.61K398.07K653.36K
Pretax Income+-10.44M-10.98M-10.34M-4.27M-3.12M-7.79M-4.77M-7.19M-9.95M-10.42M
Pretax Margin %-2.45%-6.74%-8.53%---18.2%-8.28%-35.37%-50.05%-121.09%
Income Tax+-31.47K-36.05K-17.59K0000000
Effective Tax Rate %1%1%1%1.85%1.26%1%1%1%1%1%
Net Income+-10.44M-10.98M-10.34M-7.9M-3.93M-7.79M-4.77M-7.19M-9.95M-10.42M
Net Margin %-2.45%-6.74%-8.53%---18.2%-8.28%-35.37%-50.05%-121.09%
Net Income Growth %-0.51%-0.05%0.06%0.24%0.5%-0.98%0.39%-0.51%-0.38%-0.05%
Net Income (Continuing)-10.44M-10.98M-10.34M-4.27M-3.12M-7.79M-4.77M-7.19M-9.95M-10.42M
Discontinued Operations000-3.63M-808.13K00000
Minority Interest0000000000
EPS (Diluted)+-12.29-11.50-7.82-5.64-2.38-2.20-0.81-1.12-1.61-1.28
EPS Growth %-0.25%0.06%0.32%0.28%0.58%0.08%0.63%-0.38%-0.44%0.2%
EPS (Basic)-12.29-11.50-7.82-5.65-2.38-2.20-0.81-1.12-1.61-1.28
Diluted Shares Outstanding849.57K954.84K1.32M1.4M1.65M3.54M5.94M6.16M6.19M8.17M
Basic Shares Outstanding849.57K954.84K1.32M1.4M1.65M3.54M5.94M6.16M6.19M8.17M
Dividend Payout Ratio----------

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+16.84M6.14M10.78M4.69M3.31M3.45M23.45M16.9M9.11M16.3M
Cash & Short-Term Investments15.02M4.2M10.02M3.26M3.07M3.16M23.17M16.35M8.47M15.84M
Cash Only15.02M4.2M10.02M3.26M3.06M3.16M23.17M16.35M8.47M15.84M
Short-Term Investments00007.41K00000
Accounts Receivable872.87K378.66K5.62K00170.29K233.26K65.94K70K692
Days Sales Outstanding74.7984.861.69--145.18147.71118.4128.482.94
Inventory648.01K1.25M251.36K0000081.45K96.41K
Days Inventory Outstanding61.08234.340.93-----185.1376.71
Other Current Assets68K71.75K296.5K1.21M48.13K017.22K109.69K131.97K77.81K
Total Non-Current Assets+2.41M2.86M2.79M1.48M1.96M1.69M2.43M2.5M3.14M3.53M
Property, Plant & Equipment925.9K936.49K669.57K63.21K307.61K116.84K363.33K448.82K545.79K898.73K
Fixed Asset Turnover4.60x1.74x1.81x--3.66x1.59x0.45x0.36x0.10x
Goodwill0000000000
Intangible Assets1.47M1.91M2.08M1.4M1.63M1.57M2.06M2.04M2.58M2.61M
Long-Term Investments0000000000
Other Non-Current Assets17.92K17.92K37.5K17.92K17.92K011.19K11.19K13.03K19.35K
Total Assets+19.25M9M13.57M6.17M5.27M5.13M25.88M19.4M12.25M19.83M
Asset Turnover0.22x0.18x0.09x--0.08x0.02x0.01x0.02x0.00x
Asset Growth %0.87%-0.53%0.51%-0.55%-0.15%-0.03%4.04%-0.25%-0.37%0.62%
Total Current Liabilities+2.58M1.5M1.43M1.14M685.21K659.53K542.87K449.32K930.89K560.81K
Accounts Payable1.34M346.77K212.82K94.2K182.96K101.98K130.5K130.5K405.1K104.12K
Days Payables Outstanding126.1865.2534.65250.05604.5486.9582.64234.34920.6406.84
Short-Term Debt0000000000
Deferred Revenue (Current)0000000000
Other Current Liabilities624.06K629.64K1.23M1M85.14K0147.76K0269.62K0
Current Ratio6.53x4.11x7.53x4.11x4.82x5.23x43.19x37.62x9.79x29.06x
Quick Ratio6.28x3.27x7.36x4.11x4.82x5.23x43.19x37.62x9.70x28.89x
Cash Conversion Cycle9.68253.917.97------607.03-27.2
Total Non-Current Liabilities+1.34M265.42K456.23K428.16K691.3K643.44K1.18M1.04M1.26M1.41M
Long-Term Debt0000091.41K0000
Capital Lease Obligations000082.06K0267.58K202.99K132.3K403.33K
Deferred Tax Liabilities0000000000
Other Non-Current Liabilities0265.42K456.23K428.16K609.24K552.03K917.1K838.46K1.13M1.01M
Total Liabilities2.58M1.76M1.89M1.57M1.38M1.3M1.73M1.49M2.19M1.97M
Total Debt+0000265.17K173.46K326.45K267.58K202.99K486.02K
Net Debt-15.02M-4.2M-10.02M-3.26M-2.79M-2.98M-22.84M-16.08M-8.27M-15.36M
Debt / Equity----0.07x0.05x0.01x0.01x0.02x0.03x
Debt / EBITDA----------
Net Debt / EBITDA----------
Interest Coverage-----730.08x-805.70x-381.78x---
Total Equity+16.67M7.24M11.68M4.6M3.89M3.83M24.15M17.91M10.06M17.86M
Equity Growth %0.84%-0.57%0.61%-0.61%-0.15%-0.02%5.31%-0.26%-0.44%0.77%
Book Value per Share19.627.588.833.282.351.084.072.911.622.19
Total Shareholders' Equity16.67M7.24M11.68M4.6M3.89M3.83M24.15M17.91M10.06M17.86M
Common Stock9.55K9.56K14K14.03K2.1K3.27K5.89K5.93K6K8.34K
Retained Earnings-34.09M-45.07M-55.41M-63.41M-67.34M-75.14M-79.91M-87.1M-97.05M-107.47M
Treasury Stock-2.66K-5.92K-7.49K-13.21K-13.21K-13.21K-13.21K-13.21K-13.21K-13.21K
Accumulated OCI-308.78K-581.09K-957.47K-323.46K000000
Minority Interest0000000000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-8.05M-10.1M-7.42M-3.83M-3.22M-3.02M-4.28M-6.38M-7.13M-8.74M
Operating CF Margin %-1.89%-6.2%-6.12%---7.05%-7.43%-31.41%-35.86%-101.62%
Operating CF Growth %-0.47%-0.26%0.27%0.48%0.16%0.06%-0.42%-0.49%-0.12%-0.23%
Net Income-10.44M-10.98M-10.34M-4.27M-3.12M-7.79M-4.77M-7.19M-9.95M-10.42M
Depreciation & Amortization232.85K406.64K451.55K137.51K110.46K122.15K157.56K245.53K333.9K416.52K
Stock-Based Compensation1.38M1.52M1.11M730.8K184.34K868.65K352.31K1.08M2.32M1.6M
Deferred Taxes296.89K000000000
Other Non-Cash Items84.9K322.73K1.29M56.5K-642.39K3.79M117.1K940274.6K62.13K
Working Capital Changes395.02K-1.37M71.93K-485.47K248.46K-7.46K-137.57K-516.93K-107.43K-399.67K
Change in Receivables-523.7K408.84K-35.12K5.62K0-170.29K-62.98K167.33K-4.06K69.31K
Change in Inventory-412.7K-679.99K233K00000-81.45K-14.96K
Change in Payables897.19K-992.06K102.71K-118.62K88.75K-80.97K28.52K00-300.98K
Cash from Investing+-1.42M-750.99K-434.03K-134.15K-80.51K-67.16K-236.94K-312.74K-522.95K-506.43K
Capital Expenditures-1.42M-750.99K-434.03K-134.15K-104.1K-13.94K-44.27K-182.65K-240.82K-197.27K
CapEx % of Revenue0.33%0.46%0.36%--0.03%0.08%0.9%1.21%2.29%
Acquisitions----------
Investments----------
Other Investing-630.14K-359.9K-4.66M-2.79M23.59K-53.22K-192.67K-130.09K-282.12K-309.16K
Cash from Financing+16.58M35.53K13.67M-5.72K3.1M3.19M24.53M-127.87K-216.26K16.62M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid0000000000
Share Repurchases----------
Other Financing653.83K32.27K9.57K-5.72K03.09M3.33M00892.21K
Net Change in Cash----------
Free Cash Flow+-9.47M-10.85M-7.85M-3.97M-3.32M-3.09M-4.52M-6.57M-7.37M-9.25M
FCF Margin %-2.22%-6.66%-6.48%---7.21%-7.84%-32.3%-37.07%-107.51%
FCF Growth %-0.52%-0.15%0.28%0.49%0.16%0.07%-0.46%-0.45%-0.12%-0.25%
FCF per Share-11.14-11.37-5.94-2.83-2.01-0.87-0.76-1.07-1.19-1.13
FCF Conversion (FCF/Net Income)0.77x0.92x0.72x0.48x0.82x0.39x0.90x0.89x0.72x0.84x
Interest Paid0000000000
Taxes Paid0000000000

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)-81.14%-91.85%-109.25%-97.12%-92.66%-201.96%-34.1%-34.19%-71.18%-74.64%
Return on Invested Capital (ROIC)-560.82%-352.81%-330.9%-215.74%-191.78%-314.19%-338.04%-351.14%-429.14%-387.45%
Gross Margin9.09%-19.09%-84.92%-----19.24%-8.57%
Net Margin-245.09%-674.21%-852.54%---1820.46%-827.6%-3536.86%-5005.26%-12109.23%
Debt / Equity----0.07x0.05x0.01x0.01x0.02x0.03x
Interest Coverage-----730.08x-805.70x-381.78x---
FCF Conversion0.77x0.92x0.72x0.48x0.82x0.39x0.90x0.89x0.72x0.84x
Revenue Growth137.44%-61.77%-25.57%-100%--34.63%-64.73%-2.16%-56.74%

Revenue by Segment

20232024
Development Revenue161.48K93.41K
Development Revenue Growth--42.16%

Frequently Asked Questions

Growth & Financials

Ideal Power Inc. (IPWR) reported $0.0M in revenue for fiscal year 2024. This represents a 95% decrease from $0.9M in 2011.

Ideal Power Inc. (IPWR) saw revenue decline by 56.7% over the past year.

Ideal Power Inc. (IPWR) reported a net loss of $11.3M for fiscal year 2024.

Dividend & Returns

Ideal Power Inc. (IPWR) has a return on equity (ROE) of -74.6%. Negative ROE indicates the company is unprofitable.

Ideal Power Inc. (IPWR) had negative free cash flow of $9.6M in fiscal year 2024, likely due to heavy capital investments.

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