Pioneer Power Solutions, Inc. (PPSI) Revenue History
Annual and quarterly revenue from 2008 to present
PPSI Revenue Over Time (2008–2025)
PPSI Revenue Growth History
11 of 16 years with positive growth- FY2008 revenue growth
- N/A
- FY2009 revenue growth
- N/A
- FY2010 revenue growth
- +16.4%
- FY2011 revenue growth
- +45.6%
- FY2012 revenue growth
- +22.1%
- FY2013 revenue growth
- +5.0%
- FY2014 revenue growth
- +4.6%
- FY2015 revenue growth
- +15.5%
- FY2016 revenue growth
- +7.4%
- FY2017 revenue growth
- -11.4%
- FY2018 revenue growth
- +4.9%
- FY2019 revenue growth
- -80.7%
- FY2020 revenue growth
- -5.3%
- FY2021 revenue growth
- -6.0%
- FY2022 revenue growth
- +41.3%
- FY2023 revenue growth
- -57.0%
- FY2024 revenue growth
- +105.8%
- FY2025 revenue growth
- +20.8%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $4.3M | -36.7% |
| Q4 2025 | $5.6M | +7.1% |
| Q3 2025 | $6.9M | -36.9% |
| Q2 2025 | $8.4M | +146.5% |
| Q1 2025 | $6.7M | +103.3% |
| Q4 2024 | $5.3M | -37.5% |
| Q3 2024 | $10.9M | -4.7% |
| Q2 2024 | $3.4M | -72.4% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
PPSI's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
PPSI Revenue Analysis (2008–2025)
Current Revenue & Growth
As of June 27, 2026, Pioneer Power Solutions, Inc. (PPSI) generated trailing twelve-month (TTM) revenue of $25.2 million, reflecting significant decline in growth of -36.7% year-over-year. The most recent quarter (Q1 2026) recorded $4.3 million in revenue, down 24.2% sequentially.
Historical Growth Trajectory
PPSI's 5-year compound annual growth rate (CAGR) stands at +7.2%, indicating steady revenue expansion. The 3-year CAGR of +2.2% is below the 5-year average, signalling a growth deceleration in recent years. Pioneer Power Solutions, Inc.'s highest annual revenue of $114.4 million was recorded in 2016.
Revenue by Segment
PPSI's revenue is primarily driven by Total Revenue (50%), Product (30%), and Service (20%). The diversified mix across segments reduces dependence on any single product line, which can support more resilient revenue in downturns.
Peer Comparison
Compared to Industrials sector peers — including PESI (-0.9% YoY), ELLO (-18.0% YoY), and ZEUS (-5.6% YoY) — PPSI has underperformed the peer group in revenue growth. Compare PPSI vs PESI →
PPSI Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| PPSICurrent | $25M | -36.7% | +7.2% | -23.9% | |
 PESI | $62M | -0.9% | -10.2% | -19.0% | |
 ELLO | $34M | -18.0% | +28.6% | 4.5% | |
 ZEUS | $1.9B | -5.6% | +4.2% | 2.5% | |
 POWL | $1.1B | +4.5% | +16.3% | 19.7% | |
 ERII | $135M | -3.3% | +7.9% | 18.2% |
PPSI Historical Revenue Data (2008–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $27.6M | +20.8% | $3.4M | 12.4% | $-6,595,000 | -23.9% |
| 2024 | $22.9M | +105.8% | $5.5M | 24.1% | $-5,248,000 | -22.9% |
| 2023 | $11.1M | -57.0% | $2.2M | 20.0% | $-7,035,000 | -63.3% |
| 2022 | $25.9M | +41.3% | $2.8M | 10.9% | $-5,810,000 | -22.5% |
| 2021 | $18.3M | -6.0% | $1.4M | 7.6% | $-3,862,000 | -21.1% |
| 2020 | $19.5M | -5.3% | $881K | 4.5% | $-4,284,000 | -22.0% |
| 2019 | $20.6M | -80.7% | $1.2M | 5.7% | $-11,753,000 | -57.1% |
| 2018 | $106.4M | +4.9% | $19.3M | 18.1% | $-1,873,000 | -1.8% |
| 2017 | $101.4M | -11.4% | $20.0M | 19.7% | $3.4M | 3.3% |
| 2016 | $114.4M | +7.4% | $24.9M | 21.8% | $2.1M | 1.8% |
| 2015 | $106.5M | +15.5% | $21.1M | 19.8% | $-5,300,000 | -5.0% |
| 2014 | $92.2M | +4.6% | $18.2M | 19.7% | $1.8M | 1.9% |
| 2013 | $88.2M | +5.0% | $21.8M | 24.7% | $7.1M | 8.1% |
| 2012 | $84.0M | +22.1% | $18.9M | 22.6% | $5.9M | 7.1% |
| 2011 | $68.8M | +45.6% | $16.0M | 23.2% | $4.7M | 6.8% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
18+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
PPSI — Frequently Asked Questions
Quick answers to the most common questions about buying PPSI stock.
Is PPSI's revenue growth accelerating or slowing?
PPSI revenue is declining -36.7% year-over-year. TTM revenue fell to $25M, contrasting with the 5-year CAGR of +7.2%. The reversal reflects either macro headwinds or company-specific challenges.
What is PPSI's revenue history from 2008 to 2026?
Pioneer Power Solutions, Inc. (PPSI) revenue history spans 2008 to 2026. TTM revenue as of 2026 is $25M, growing at -36.7% YoY. The 5-year CAGR is +7.2%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is PPSI's long-term revenue growth rate (CAGR)?
Pioneer Power Solutions, Inc.'s 5-year revenue CAGR of +7.2% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -36.7% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for PPSI.
Why does PPSI's quarterly revenue fluctuate?
PPSI quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Pioneer Power Solutions, Inc.'s revenue data from 2008 to 2026 shows full historical quarterly detail on this page.
How is PPSI's revenue distributed by segment?
PPSI reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does PPSI's revenue compare to industry peers?
Pioneer Power Solutions, Inc. (PPSI) with TTM revenue of $25M and -36.7% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.