15 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 →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $665M | -$171M | -20.7% | -40.6% | -$123M | — | $856M |
| 2024 | $1.0B | -$345M | -20.7% | -54.8% | -$794M | — | $1.0B |
| 2023 | $2.3B | $430M | 39.9% | 33.9% | $505M | — | $3.0B |
| 2022 | $4.6B | $1.8B | 74.0% | 66.0% | $1.3B | — | $3.5B |
| 2021 | $1.7B | $749M | 65.4% | 62.6% | $140M | $0 | $724M |
| 2020 | $676M | $129M | 34.6% | 27.8% | $91M | $194M | $77M |
| 2019 | $350M | $30M | 22.9% | 13.6% | -$98M | $280M | $53M |
| 2018 | $302M | $38M | 32.5% | 26.9% | -$48M | $172M | $66M |
| 2017 | $323M | $93M | 44.6% | 40.5% | $79M | $185M | $61M |
| 2016 | $196M | $43M | 39.7% | 31.2% | $32M | $218M | $16M |
| 2015 | $182M | $13M | 20.6% | 14.4% | -$15M | $242M | $14M |
| 2014 | $183M | $17M | 23.7% | 17.5% | — | $237M | $7M |
| 2013 | $109M | -$71M | -23.9% | -184.1% | — | $254M | $8M |
| 2012 | $87M | -$112M | -43.1% | -101.9% | -$116M | $308M | $7M |
| 2011 | $232M | $33M | 37.6% | 21.9% | -$208M | $277M | $93M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Dec '14 | $49M | $4M | 25.4% | 15.4% | — | $237M | $7M |
| Dec '13 | $37M | -$8M | 2.6% | -11.0% | — | $254M | $8M |
How the market has priced DQ 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.
Over the past 5 years, Daqo New Energy Corp.'s revenue has declined 0.3% per year. These are computed facts, not advice.
As of FY2025, Daqo New Energy Corp. reported — of total debt against $856M of cash.
In FY2025, gross margin was -20.7%, operating margin -40.6%, and net margin -25.6%.
As of Jun '26, Daqo New Energy Corp. traded at a price-to-earnings ratio of about 15.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
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.