Deswell Industries, Inc. specializes in the production and sale of custom injection-molded plastic parts and components, various electronic products and subassemblies, as ...
Deswell Industries, Inc. (DSWL) manufactures engineered components and assembled products for original equipment manufacturers (OEMs) and contract manufacturing partners. The company’s business is structured around two core operating divisions. In its Plastic Injection Molding division, Deswell produces a wide range of custom injection-molded plastic parts and components as well as ...Deswell Industries, Inc. (DSWL) manufactures engineered components and assembled products for original equipment manufacturers (OEMs) and contract manufacturing partners. The company’s business is structured around two core operating divisions.
In its Plastic Injection Molding division, Deswell produces a wide range of custom injection-molded plastic parts and components as well as metallic molds and related accessory parts. Typical outputs include plastic components for consumer and industrial products, casings and covers used in electronics and consumer devices (e.g., portable electronics and information/office equipment), parts for power tools and outdoor equipment, and components for industrial machinery and control-switch-related applications. Deswell also manufactures specialized double-injection caps and components used in medical-related equipment (such as parts for blood testing equipment), along with automotive parts and plastic elements for automated robotic systems. This mix indicates a manufacturing model centered on design-for-manufacturing (DFM), material/process selection, and repeatable tooling and production runs.
In its Electronic Products Assembling division, Deswell provides electronic products and subassemblies. The portfolio spans professional audio equipment (including digital/analogue mixing consoles, amplifiers, signal processors, audio interfaces, network audio devices, and speaker enclosures), consumer audio solutions (multi-channel receivers-amplifiers and wired/wireless streaming products), and electronics manufacturing capabilities such as printed circuit board assemblies (PCBAs) and Internet of Things (IoT) products. For customers, the value proposition usually combines sourcing, assembly/testing, and integration of electronic assemblies with mechanical plastic housings or molded components.
From a cost and bill-of-materials (BOM) perspective, a business like Deswell’s typically manages costs across tooling and depreciation (molds), plastic resins and process yields, electronics procurement (PCBA components), labor in assembly/testing, and logistics across global customer markets. Because it supplies OEMs, quality and consistency (tolerances, surface finish, electrical/functional performance, and reliability) are central, and the company benefits when it can leverage repeat orders tied to product life cycles.
Financially, Deswell’s profile reflects the characteristics of a manufacturer with meaningful working-capital needs (inventory, receivables, and payables cycles) and operating margins influenced by product mix and volume. The market and enterprise valuation metrics provided suggest the stock is priced based on modest but positive profitability and a manufacturing cash-generation profile. Key people include leadership such as CEO Edward So (and long-standing founder/chairman leadership references in public materials), and the company is headquartered in Macau and operates with sales across major regions including the United States, China, Hong Kong, the United Kingdom, and other international markets.
Overall, Deswell’s “two-division” structure is designed to support end-to-end component-to-subassembly solutions for OEMs: tooling and molded parts on one side, and assembled electronics/PCBA and product integration on the other. That combination can help customers reduce supplier fragmentation and improve coordination between mechanical design and electronic integration.
EPS estimate unavailable · Fiscal period ending 2026-06-30
D-12
5Y Trend (Revenue, Earnings, FCF)
Metric
Latest
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$61.3M
-9.3%
-15.4%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$10.6M
-4.6%
-58.7%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+22.4%
+10.9%
-9.9%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+3.5%
-1.8%
-109.6%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+17.3%
+5.2%
-51.1%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$4.7M
-64.3%
+46.9%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+7.7%
-60.6%
+73.7%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
0.0%
—
—
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
5.25x
-3.6%
-0.7%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
