AEIS · Advanced Energy Industries Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $1.80B | $1.48B | $1.66B | $1.85B | $1.46B | $1.42B |
| Cost of Revenue | $1.12B | $952.70M | $1.06B | $1.17B | $923.63M | $873.96M |
| Gross Profit | $677.40M | $529.34M | $592.40M | $675.51M | $532.32M | $541.87M |
| R&D | $232.40M | $211.83M | $202.44M | $191.02M | $161.83M | $143.96M |
| SG&A | $242.40M | $224.54M | $221.03M | $218.46M | $192.00M | $188.59M |
| Total Operating Expenses | $509.40M | $492.74M | $478.70M | $442.41M | $380.64M | $365.85M |
| D&A | $62.00M | $68.45M | $66.53M | $60.30M | $52.89M | $47.77M |
| Operating Income | $168.00M | $36.61M | $113.69M | $233.09M | $151.68M | $176.02M |
| Interest Expense | $16.70M | $25.11M | $3.58M | $6.61M | $3.97M | $5.08M |
| Income Tax | $19.40M | ($3.93M) | ($8.29M) | $39.85M | $14.00M | $23.00M |
| Net Income | $148.40M | $54.21M | $128.28M | $199.66M | $134.74M | $134.68M |
| EPS - Basic | $3.95 | $1.45 | $3.42 | $5.33 | $3.53 | $3.52 |
| EPS - Diluted | $3.84 | $1.43 | $3.40 | $5.29 | $3.51 | $3.50 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $791.20M | $722.09M | $1.04B | $458.82M | $544.37M | $480.37M |
| Accounts Receivable | $325.20M | $265.31M | $300.68M | - | - | - |
| Inventory | $411.20M | $360.41M | $336.14M | $376.01M | $338.41M | $221.35M |
| Accounts Payable | $224.10M | $143.50M | $141.85M | $170.47M | $193.71M | $125.22M |
| Current Assets | $1.57B | $1.39B | $1.71B | $1.19B | $1.16B | $980.25M |
| Total Assets | $2.55B | $2.26B | $2.56B | $1.99B | $1.82B | $1.65B |
| Current Liabilities | $991.20M | $314.22M | $335.85M | $393.04M | $370.20M | $296.40M |
| Long-term Debt | $567.50M | $564.70M | $895.68M | $353.26M | $372.73M | $304.55M |
| Total Liabilities | $1.18B | $1.06B | $1.41B | $925.90M | $945.84M | $832.32M |
| Stockholders' Equity | $1.36B | $1.20B | $1.14B | $1.07B | $870.85M | $814.74M |
| Retained Earnings | $1.13B | $1.03B | $989.73M | $915.27M | $756.32M | $712.30M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $233.30M | $130.75M | $208.94M | $183.59M | $140.25M | $201.24M |
| Investing Cash Flow | ($109.80M) | ($73.54M) | ($64.75M) | ($208.27M) | ($47.30M) | ($42.84M) |
| Financing Cash Flow | ($56.10M) | ($377.09M) | $445.68M | ($61.87M) | ($25.37M) | ($29.61M) |
| CapEx | $107.40M | $56.79M | $61.01M | $58.88M | $31.88M | $36.48M |
| Free Cash Flow | $125.90M | $73.96M | $147.93M | $124.70M | $108.37M | $164.75M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 37.7% | 35.7% | 35.8% | 36.6% | 36.6% | 38.3% |
| Operating margin | 9.3% | 2.5% | 6.9% | 12.6% | 10.4% | 12.4% |
| EBITDA margin | 12.8% | 7.1% | 10.9% | 15.9% | 14.1% | 15.8% |
| Net margin | 8.2% | 3.7% | 7.7% | 10.8% | 9.3% | 9.5% |
| Free cash flow margin | 7.0% | 5.0% | 8.9% | 6.8% | 7.4% | 11.6% |
| FCF / Net income | 0.85 | 1.36 | 1.15 | 0.62 | 0.80 | 1.22 |
| R&D / Revenue | 12.9% | 14.3% | 12.2% | 10.4% | 11.1% | 10.2% |
| SG&A / Revenue | 13.5% | 15.2% | 13.3% | 11.8% | 13.2% | 13.3% |
| Effective tax rate | 11.6% | -7.8% | -6.9% | 16.6% | 9.4% | 14.6% |
| Return on assets | 5.8% | 2.4% | 5.0% | 10.0% | 7.4% | 8.2% |
| Return on equity | 10.9% | 4.5% | 11.2% | 18.7% | 15.5% | 16.5% |
| Return on invested capital | 7.7% | 2.1% | 5.6% | 13.7% | 11.0% | 13.4% |
| Liquidity | ||||||
| Current ratio | 1.59 | 4.42 | 5.10 | 3.02 | 3.14 | 3.31 |
| Quick ratio | 1.17 | 3.27 | 4.10 | 2.07 | 2.23 | 2.56 |
| Cash ratio | 0.80 | 2.30 | 3.11 | 1.17 | 1.47 | 1.62 |
| Leverage | ||||||
| Debt / Equity | 0.42 | 0.47 | 0.78 | 0.33 | 0.43 | 0.37 |
| Debt / Assets | 0.22 | 0.25 | 0.35 | 0.18 | 0.21 | 0.18 |
| Debt / EBITDA | 2.47 | 5.37 | 4.97 | 1.20 | 1.82 | 1.36 |
| Interest coverage | 10.1x | 1.5x | 31.8x | 35.3x | 38.2x | 34.7x |
| Equity multiplier | 1.87 | 1.88 | 2.23 | 1.87 | 2.09 | 2.02 |
| Liabilities / Assets | 0.46 | 0.47 | 0.55 | 0.46 | 0.52 | 0.51 |
| Efficiency | ||||||
| Asset turnover | 0.71 | 0.66 | 0.65 | 0.93 | 0.80 | 0.86 |
| Inventory turnover | 2.73 | 2.64 | 3.16 | 3.11 | 2.73 | 3.95 |
| Days sales outstanding | 66d | 65d | 66d | - | - | - |
| Days inventory outstanding | 134d | 138d | 115d | 117d | 134d | 92d |
| Days payable outstanding | 73d | 55d | 49d | 53d | 77d | 52d |
| Cash conversion cycle | 127d | 148d | 133d | - | - | - |
| Valuation | ||||||
| P / E | 54.5x | 80.9x | 32.0x | 16.2x | 25.9x | 27.7x |
| P / B | 5.9x | 3.6x | 3.6x | 3.0x | 4.0x | 4.6x |
| P / S | 4.5x | 3.0x | 2.5x | 1.8x | 2.4x | 2.6x |
| EV / EBITDA | 34.2x | 40.1x | 22.0x | 10.7x | 16.2x | 15.9x |
| Growth | ||||||
| Revenue growth (YoY) | 21.4% | -10.5% | -10.3% | 26.8% | 2.8% | 79.5% |
| Revenue CAGR (3y) | -0.8% | 0.6% | 5.4% | 32.7% | 44.4% | - |
| Revenue CAGR (5y) | 4.9% | 13.4% | 27.9% | - | 24.7% | 27.8% |
| Gross profit growth (YoY) | 28.0% | -10.6% | -12.3% | 26.9% | -1.8% | 71.7% |
| Operating income growth (YoY) | 358.9% | -67.8% | -51.2% | 53.7% | -13.8% | 223.6% |
| Net income growth (YoY) | 173.7% | -57.7% | -35.7% | 48.2% | 0.0% | 107.4% |
| EPS growth (YoY) | 168.5% | -57.9% | -35.7% | 50.7% | 0.3% | 107.1% |
| EPS CAGR (3y) | -10.1% | -25.9% | -1.0% | 46.3% | -2.1% | - |
| EPS CAGR (5y) | 1.9% | -3.3% | -1.9% | - | 2.0% | - |
| FCF growth (YoY) | 70.2% | -50.0% | 18.6% | 15.1% | -34.2% | 610.0% |
| FCF CAGR (5y) | -5.2% | 26.1% | 2.5% | - | -0.7% | 10.3% |
| Book value growth (YoY) | 13.3% | 5.2% | 7.3% | 22.4% | 6.9% | 20.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$3.60B totalProduct$1.61B · 44.9%
Semiconductor Equipment$839.90M · 23.3%
Data Center Computing$587.30M · 16.3%
Industrial And Medical$282.30M · 7.8%
Service And Other$183.90M · 5.1%
Telecom And Networking$89.30M · 2.5%
Geographic
$1.80B totalOther Countries$656.20M · 36.5%
US$541.40M · 30.1%
MX$252.80M · 14.1%
JP$218.20M · 12.1%
TW$130.20M · 7.2%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
1.94
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✗Current ratio improved
- ✗No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Electronic Components, NEC
Comparing ADVANCED ENERGY INDUSTRIES INC against the 5 most active filers in the same SIC group.
Dividends
$0.40/share trailing 12 months · 0.0% YoY
| Ex-date | Per share |
|---|---|
| May 22, 2026 | $0.1000 |
| Feb 23, 2026 | $0.1000 |
| Nov 24, 2025 | $0.1000 |
| Aug 25, 2025 | $0.1000 |
| May 23, 2025 | $0.1000 |
| Feb 24, 2025 | $0.1000 |
| Nov 25, 2024 | $0.1000 |
| Aug 26, 2024 | $0.1000 |
| May 23, 2024 | $0.1000 |
| Feb 15, 2024 | $0.1000 |
| Nov 17, 2023 | $0.1000 |
| Aug 18, 2023 | $0.1000 |
| May 19, 2023 | $0.1000 |
| Feb 16, 2023 | $0.1000 |
| Nov 18, 2022 | $0.1000 |
| Aug 19, 2022 | $0.1000 |
| May 20, 2022 | $0.1000 |
| Feb 17, 2022 | $0.1000 |
| Nov 19, 2021 | $0.1000 |
| Aug 20, 2021 | $0.1000 |
| May 21, 2021 | $0.1000 |
| Feb 19, 2021 | $0.1000 |