10 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 4.9% per year over the past 5 years.
Net income has grown slower than revenue (2.0% vs 4.9% per year).
Operating margin has contracted, at 9.3% in the latest year.
Free cash flow has declined 5.3% per year over the past 5 years.
Financial health
The company holds more cash ($791M) than total debt ($568M).
Total debt has grown faster than revenue (12.0% vs 4.9% per year).
Operating income covered interest expense 10× in the latest year.
Total debt is 2.5× EBITDA.
Shareholder returns
Dividends have been paid for 5 consecutive years, consuming 10.5% of earnings and 12.4% of free cash flow.
The dividend has grown 0.3% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$1.8B
$148M
37.7%
9.3%
$126M
$568M
$791M
2024
$1.5B
$54M
35.7%
2.5%
$74M
$565M
$722M
2023
$1.7B
$128M
35.8%
6.9%
$148M
$916M
$1.0B
2022
$1.8B
$200M
36.6%
12.6%
$125M
$373M
$459M
2021
$1.5B
$135M
36.6%
10.4%
$111M
$393M
$544M
2020
$1.4B
$135M
38.3%
12.4%
$165M
$322M
$480M
2019
$789M
$65M
40.0%
6.9%
$23M
$339M
$346M
2018
$719M
$147M
50.9%
23.9%
$131M
—
$349M
2017
$671M
$138M
53.1%
29.9%
$174M
—
$407M
2016
$484M
$127M
52.3%
26.2%
$112M
—
$282M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$511M
$67M
39.3%
13.4%
-$43M
$568M
$700M
Dec '25
$489M
$52M
38.6%
11.6%
$43M
$568M
$791M
Sep '25
$463M
$46M
37.6%
10.6%
$51M
$567M
$759M
Jun '25
$442M
$25M
37.0%
7.2%
$17M
$566M
$714M
Mar '25
$405M
$25M
37.2%
7.6%
$15M
$565M
$723M
Dec '24
$415M
$49M
37.2%
8.1%
$70M
$565M
$722M
Sep '24
$374M
-$15M
35.8%
-2.9%
$22M
$564M
$657M
Jun '24
$365M
$15M
35.0%
3.5%
-$8M
$907M
$986M
Mar '24
$328M
$5M
34.5%
0.3%
-$9M
$911M
$1.0B
Dec '23
$405M
$38M
35.3%
3.4%
$70M
$916M
$1.0B
Sep '23
$410M
$33M
35.9%
7.3%
$59M
$920M
$986M
Jun '23
$416M
$27M
35.4%
7.2%
$5M
$364M
$455M
Mar '23
$425M
$31M
36.5%
9.4%
$14M
$368M
$462M
Dec '22
$491M
$44M
36.2%
11.8%
$51M
$373M
$459M
Sep '22
$516M
$74M
37.0%
15.0%
$51M
$378M
$409M
Jun '22
$441M
$45M
36.8%
12.0%
$25M
$383M
$373M
Mar '22
$397M
$37M
36.3%
11.2%
-$3M
$388M
$521M
Dec '21
$397M
$40M
35.2%
10.6%
$27M
$393M
$544M
Sep '21
$346M
$21M
34.7%
7.0%
$11M
$398M
$548M
Jun '21
$361M
$35M
37.4%
11.4%
$28M
$314M
$507M
Valuation over time
How the market has priced AEIS against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 18.7× (Mar '23) to 96.2× (Jun '26).
The price-to-sales ratio has risen from 2.0× (Mar '23) to 7.9× (Jun '26).
The dividend yield has fallen from 0.4% (Mar '23) to 0.1% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is AEIS growing its revenue and profit?
Over the past 5 years, Advanced Energy Industries Inc's revenue has grown 4.9% per year, and net income grown 2.0% per year. These are computed facts, not advice.
How much debt does AEIS have?
As of FY2025, Advanced Energy Industries Inc reported $568M of total debt against $791M of cash; operating income covered interest expense 10×.
What is AEIS's profit margin?
In FY2025, gross margin was 37.7%, operating margin 9.3%, and net margin 8.2%.
What is AEIS's P/E ratio?
As of Jun '26, Advanced Energy Industries Inc traded at a price-to-earnings ratio of about 96.2× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.