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ADVANCED ENERGY INDUSTRIES INC

CIK: 927003 SIC: 3679
$1.80B
Revenue
$148.40M
Net Income
37.66%
Gross Margin
9.34%
Op. Margin
$173.00M
Free Cash Flow
Financial Statements Annual (10-K)
Showing 5 of 15 annual reports available (2011 - 2025)
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
+ Total Revenue $1.80B $1.80B $1.48B $1.66B $1.85B $1.46B
Revenue Growth % 0.0% 21.4% -10.5% -10.3% 26.8% nan%
Cost of Revenue $1.12B $1.12B $952.70M $1.06B $1.17B $923.63M
+ Gross Profit $677.40M $677.40M $529.30M $592.40M $675.51M $532.32M
Gross Margin % 37.7% 37.7% 35.7% 35.8% 36.6% 36.6%
Operating Expenses $509.40M $509.40M $492.70M $478.70M $442.41M $380.64M
Research & Development $232.40M $232.40M $211.80M $202.44M $191.02M $161.83M
Selling General & Admin $242.40M $242.40M $224.60M $221.03M $218.46M $192.00M
+ Operating Income $168.00M $168.00M $36.60M $113.69M $233.09M $151.68M
Operating Margin % 9.3% 9.3% 2.5% 6.9% 12.6% 10.4%
Interest Expense $16.70M $16.70M $25.10M $16.57M $7.33M $3.58M
Interest Income $26.60M $26.60M $42.90M $27.09M $4.15M $454.00K
Other Income/Expense $-9.20M $-9.20M $-2.00M $-1.76M $11.82M $152.00K
Income Before Tax $168.70M $168.70M $52.40M $122.46M $241.74M $148.71M
Income Tax Expense $19.40M $19.40M $-3.90M $-8.29M $39.85M $14.00M
+ Net Income $148.40M $148.40M $54.21M $128.28M $199.66M $134.74M
Net Margin % 8.2% 8.2% 3.7% 7.7% 10.8% 9.3%
Basic EPS 3.95 3.95 1.45 3.42 5.33 3.53
Diluted EPS 3.84 3.84 1.43 3.40 5.29 3.51
Basic Shares Outstanding - 37.6M 37.5M 37.5M 37.5M 38.1M
Diluted Shares Outstanding - 38.6M 37.8M 37.8M 37.7M 38.4M
Breakdown FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
Cash & Cash Equivalents $791.20M $722.10M $1.04B $458.82M $544.37M
Short-term Investments - - - - $2.30M
Accounts Receivable $325.20M $265.30M $282.43M $300.68M -
Inventory $411.20M $360.40M $336.14M $376.01M $338.41M
Other Current Assets $46.30M $41.50M $48.77M $53.00M $29.16M
Total Current Assets $1.57B $1.39B $1.71B $1.19B $1.16B
Property Plant & Equipment $272.80M $185.60M $167.66M $148.46M $114.83M
Goodwill $300.80M $296.00M $283.84M $281.43M $212.19M
Intangible Assets $117.70M $139.40M $161.48M $189.53M $159.41M
Total Assets $2.55B $2.26B $2.56B $1.99B $1.82B
Accounts Payable $224.10M $143.50M $141.85M $170.47M $193.71M
Total Current Liabilities $991.20M $314.30M $335.85M $393.04M $370.20M
Long-term Debt $567.50M $564.70M $895.68M $353.26M $372.73M
Deferred Tax Liabilities - - - - $9.92M
Other Non-current Liabilities $38.90M $37.50M $42.58M $41.10M $18.42M
Total Liabilities $1.18B $1.06B $1.41B $925.90M $945.84M
Retained Earnings $1.13B $1.03B $989.73M $915.27M $756.32M
Total Stockholders Equity $1.36B $1.20B $1.14B $1.07B $870.85M
Total Liabilities & Equity $2.55B $2.26B $2.56B $1.99B $1.82B
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
Net Income $148.40M $148.40M $54.21M $128.28M $199.66M $134.74M
Depreciation & Amortization $109.80M $62.00M $68.50M $66.53M $60.30M $52.89M
Stock-based Compensation $55.70M $55.70M $45.90M $31.00M $19.85M $15.74M
Deferred Income Tax - $-13.80M $-20.50M $-33.94M $-5.74M $1.33M
Change in Receivables $103.00M $57.40M $-14.60M $-23.28M $59.63M $-5.27M
Change in Inventory $87.30M $47.40M $27.90M $-39.30M $32.24M $115.74M
Change in Payables $144.40M $79.30M $-600.00K $-26.08M $-28.70M $67.11M
Operating Cash Flow $336.30M $233.30M $130.80M $208.94M $183.59M $140.25M
Capital Expenditure $163.30M $107.40M $56.80M $61.01M $58.88M $28.82M
Acquisitions - - $13.80M - $149.39M $21.54M
Investing Cash Flow $-168.50M $-109.80M $-73.60M $-64.75M $-208.27M $-47.30M
Stock Repurchased $54.40M $30.20M $1.80M $40.00M $26.64M $78.12M
Dividends Paid $27.10M $15.60M $15.40M $15.22M $15.20M $15.38M
Financing Cash Flow $-112.30M $-56.10M $-377.10M $445.68M $-61.87M $-25.37M
Net Change in Cash $61.40M $69.10M $-322.50M $585.74M $-85.55M $64.00M
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Total Revenue $463.30M - $1.31B -
Cost of Revenue $288.90M - $821.10M -
Gross Profit $174.40M - $488.30M -
Operating Expenses $125.20M - $376.90M -
Research & Development $59.10M - $172.30M -
Selling General & Admin $59.80M - $179.00M -
Operating Income $49.20M - $111.40M -
Interest Expense $4.20M - $12.60M -
Interest Income $6.60M - $20.10M -
Other Income/Expense $700.00K - $-7.40M -
Income Before Tax $52.30M - $111.50M -
Income Tax Expense $5.90M - $14.70M -
Net Income $46.20M $14.80M $96.10M -
Basic EPS 1.23 - 2.56 -
Diluted EPS 1.20 - 2.52 -
Basic Shares Outstanding $37.60M - $37.60M -
Diluted Shares Outstanding $38.50M - $38.10M -
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Cash & Cash Equivalents $758.60M $722.10M
Accounts Receivable $299.50M $265.30M
Inventory $399.70M $360.40M
Other Current Assets $44.90M $41.50M
Total Current Assets $1.50B $1.39B
Property Plant & Equipment $239.80M $185.60M
Goodwill $300.70M $296.00M
Intangible Assets $123.10M $139.40M
Total Assets $2.44B $2.26B
Accounts Payable $194.70M $143.50M
Total Current Liabilities $366.50M $314.30M
Long-term Debt $566.80M $564.70M
Other Non-current Liabilities $38.70M $37.50M
Total Liabilities $1.12B $1.06B
Retained Earnings $1.09B $1.03B
Total Stockholders Equity $1.31B $1.20B
Total Liabilities & Equity $2.44B $2.26B
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $46.20M $14.80M $96.10M -
Depreciation & Amortization - - $46.80M -
Stock-based Compensation $14.60M - $41.20M -
Change in Receivables - - $31.20M -
Change in Inventory - - $35.40M -
Change in Payables - - $50.50M -
Operating Cash Flow - - $152.80M -
Capital Expenditure - - $69.90M -
Investing Cash Flow - - $-71.90M -
Stock Repurchased - - $23.70M -
Dividends Paid - - $11.60M -
Financing Cash Flow - - $-47.00M -
Net Change in Cash - - $36.50M -

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.

Annual data represents full fiscal year results. FY = Fiscal Year ending.

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