Pioneer Power Solutions, Inc. (PPSI) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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PPSI Revenue Growth
Revenue Breakdown (FY 2024)
PPSI's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
PPSI Revenue Analysis (2013–2024)
As of May 8, 2026, Pioneer Power Solutions, Inc. (PPSI) generated trailing twelve-month (TTM) revenue of $27.3 million, reflecting significant decline in growth of -36.9% year-over-year. The most recent quarter (Q3 2025) recorded $6.9 million in revenue, down 17.7% sequentially.
Looking at the longer-term picture, PPSI's 5-year compound annual growth rate (CAGR) stands at +2.1%, indicating moderate growth over time. The company achieved its highest annual revenue of $114.4 million in 2016.
Revenue diversification analysis shows PPSI's business is primarily driven by Total Revenue (48%), Product (28%), and Service (20%).
When compared to Industrials sector peers including PESI (-0.9% YoY), ELLO (+11.1% YoY), and ZEUS (-5.6% YoY), PPSI has underperformed the peer group in terms of 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 | $27M | -36.9% | +2.1% | -22.9% | |
 PESI | $62M | -0.9% | -10.2% | -19.0% | |
 ELLO | $40M | +11.1% | +16.3% | 22.4% | |
 ZEUS | $1.9B | -5.6% | +4.2% | 2.5% | |
 POWL | $1.1B | +4.5% | +16.3% | 19.7% | |
 ERII | $135M | -10.0% | +7.9% | 18.2% |
PPSI Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 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% |
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Start ComparisonPPSI — Frequently Asked Questions
Quick answers to the most common questions about buying PPSI stock.
Is PPSI's revenue growth accelerating or slowing?
PPSI revenue declined -36.9% year-over-year, contrasting with the 5-year CAGR of +2.1%. TTM revenue fell to $27M. This reverses the prior growth trend.
What is PPSI's long-term revenue growth rate?
Pioneer Power Solutions, Inc.'s 5-year revenue CAGR of +2.1% reflects the variable expansion pattern. Current YoY growth of -36.9% is below this long-term average.
How is PPSI's revenue distributed by segment?
PPSI reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.