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MARKETS / NASDAQ / DSWL
NASDAQ · PLASTICS PRODUCTS, NEC · SMALL CAP

Deswell Industries Inc. DSWL

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$61.3M
▼ 9.3% YoY
$10.6M
▼ 4.6% YoY
$4.7M
▼ 64.3% YoY
In brief

What this company does

Deswell is not an operating company but rather a holding company conducting its operations through Deswell's subsidiaries, primarily in Macao and mainland China. We are an independent manufacturer of injection-molded plastic parts and components, electronic products and subassemblies and metallic molds and accessory parts for original equipment manufacturers, or "OEMs" and contract manufacturers. We conduct all of our manufacturing activities at separate plastics, electronics and metallic operation factories located in the People's Republic of China. The Company sells its products principally in China, the United States, Hong Kong and Europe (the United Kingdom, Norway and Holland) and Canada.

Written from the business description in DESWELL INDUSTRIES, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 30 July 2026. Every sentence was checked against that document before publication.

Growth
USD 61.3M
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 61.3 · Net income 10.6
40M80M200920112013201520172019202120232025
Compound annual growth
−7.4%
−1.1%
+3.2%
−2.1%
+72.8%
+5.2%
+72.7%
+0.0%
+0.0%
+2.2%
+6.6%
+9.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −1.1% a year over five years — but profit grew faster: net income at +5.2%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
17 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 3.2% · Net 17.3%
5%10%15%-5%-10%-15%200920112013201520172019202120232025
ROE
FY2025 · ROE 10.0%
5%10%-2%-4%-6%200920112013201520172019202120232025
Gross margin22.4%
Operating margin3.2%
Net margin17.3%
Return on assets8.5%
EBITDAUSD 3.5M

Each USD of equity produced 10 cents of profit this year.

Cash & shareholders
USD 3.2M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 4.7
5M10M-2M-4M200920112013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends 3.2 · Net buybacks —
2M4MDividendsNet buybacks200920112013201520172019202120232025
Dividends paidUSD 3.2M
Net buybacks—
Share of profit30.0%
Consecutive raises—

USD 3.2M in dividends — 30% of the year's profit went back to shareholders.

Total assetsUSD 130.0M
EquityUSD 109.4M
CashUSD 23.1M
Current ratio5.25×

Equity funds 84% of total assets.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.10.10.10.10.10.10.10.10.10.00.00.00.00.10.10.10.1
Operating income $B0.00.00.00.00.00.00.00.00.0−0.0−0.0−0.0−0.0−0.0−0.0−0.00.0
EBITDA $B0.00.00.00.00.00.00.00.00.00.0−0.0−0.0−0.00.00.0−0.00.0
Income tax $B−0.00.00.00.0−0.00.00.00.00.00.00.00.00.00.00.00.00.0
Net income $B0.00.00.00.00.00.0−0.00.00.00.0−0.0−0.0−0.0−0.0−0.0−0.00.0
Free cash flow $B0.00.00.00.0−0.00.00.00.00.0−0.0−0.0−0.0−0.00.00.0−0.00.0
EPS, diluted $0.670.700.480.130.510.51−0.080.270.390.09−0.31−0.17−0.46−0.12−0.09−0.500.09
Dividend / sh $0.200.200.200.200.200.180.150.100.070.100.140.180.220.300.120.100.10
Payout %3029411553935−1813718163−34−106−48−269−166−10108
ROE %10.011.38.42.39.39.9−1.65.27.91.8−6.1−3.2−7.8−1.9−1.3−7.01.2
Shares out B0.020.020.020.020.020.020.020.020.020.020.020.020.020.020.020.02·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 3 failures in 83 reconciliationsAUDITED

Reconciled in 14 of 19 fiscal years. 12 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente3 failures
ActivityPlastics Products, NEC
Listed onNASDAQ
Incorporated innot stated in the filings
Fiscal year endsMarch 31
Data on record since2009

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