Loading financials from SEC filings…
Semiconductors · Technology · Fiscal year ends Dec 31
Power Integrations reported revenue of $444M in the fiscal year ended Dec 2025, up 5.9% from the year before. Operating income was $10M, an operating margin of 2.3%, and net income was $22M. Operating cash flow of $112M less capital expenditure of $24M left free cash flow of $87M.
Ranks among the 51 semiconductors companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 703 | 651 | 445 | 419 | 444 |
| Cost of revenue | 343 | 284 | 216 | 194 | 202 |
| Gross profit | 361 | 367 | 229 | 225 | 242 |
| Research & development | 84.9 | 93.9 | 96.1 | 101 | 101 |
| Selling, general & admin | 101 | 91.5 | 97.8 | 106 | 111 |
| Operating income | 175 | 180 | 35.1 | 17.9 | 10.2 |
| Pre-tax income | 176 | 183 | 45.9 | 30.8 | 21.0 |
| Income tax | 11.7 | 12.6 | −9.8 | −1.5 | −1.1 |
| Net income | 164 | 171 | 55.7 | 32.2 | 22.1 |
| Diluted EPS | 2.67 | 2.93 | 0.97 | 0.56 | 0.39 |
| Diluted shares | 61.5 | 58.4 | 57.6 | 57.1 | 56.3 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | 158 | 105 | 63.9 | 51.0 | 58.8 |
| Receivables | 41.4 | 20.8 | 14.7 | 27.2 | 18.3 |
| Inventory | 99.3 | 135 | 163 | 166 | 167 |
| Current assets | 687 | 525 | 512 | 514 | 458 |
| Net PP&E | 180 | 177 | 164 | 150 | 147 |
| Goodwill | 91.8 | 91.8 | 91.8 | 95.3 | 95.3 |
| Total assets | 1,014 | 840 | 820 | 829 | 772 |
| Payables | 43.7 | 30.1 | 26.4 | 29.8 | 34.0 |
| Current liabilities | 72.3 | 58.4 | 48.9 | 55.3 | 70.4 |
| Total liabilities | 102 | 84.9 | 67.6 | 79.1 | 99.4 |
| Shareholders' equity | 912 | 755 | 752 | 750 | 673 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | 231 | 215 | 65.8 | 81.2 | 112 |
| Capital expenditure | 47.3 | 39.2 | 20.9 | 17.3 | 24.4 |
| Free cash flow | 184 | 176 | 44.9 | 63.9 | 87.1 |
| Depreciation & amortisation | 31.5 | 34.9 | 35.2 | 33.3 | 27.2 |
| Stock-based compensation | 37.6 | 22.4 | 28.5 | 35.1 | 39.7 |
| Share buybacks | 73.9 | 311 | 55.3 | 27.9 | 98.1 |
| Dividends paid | 32.6 | 41.5 | 44.0 | 46.0 | 47.2 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | −7.4% | −31.7% | −5.8% | 5.9% |
| Operating income growth (YoY) | – | 3.1% | −80.6% | −48.9% | −43.1% |
| EPS growth (YoY) | – | 9.7% | −66.9% | −42.3% | −30.4% |
| Gross margin | 51.3% | 56.3% | 51.5% | 53.6% | 54.5% |
| Operating margin | 24.9% | 27.7% | 7.9% | 4.3% | 2.3% |
| Net margin | 23.4% | 26.2% | 12.5% | 7.7% | 5.0% |
| Return on equityBlank when equity is negative | 18.0% | 22.6% | 7.4% | 4.3% | 3.3% |
| ROCEEBIT ÷ (assets − current liabilities) | 18.6% | 23.1% | 4.5% | 2.3% | 1.5% |
| Free cash flow margin | 26.1% | 27.0% | 10.1% | 15.3% | 19.6% |
| Cash conversion (CFO ÷ net income) | 1.40x | 1.26x | 1.18x | 2.52x | 5.05x |
| Receivable days | 21 | 12 | 12 | 24 | 15 |
| Inventory days | 106 | 174 | 276 | 311 | 302 |
| Payable days | 47 | 39 | 45 | 56 | 61 |
| Current ratio | 9.50x | 8.99x | 10.5x | 9.29x | 6.51x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.