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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 10 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)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
+ Total Revenue $1.80B $1.80B $1.48B $1.66B $1.85B $1.46B $1.42B $788.95M $718.89M $671.01M $483.70M
Revenue Growth % 0.0% 21.4% -10.5% -10.3% 26.8% 2.8% 79.5% 9.7% 7.1% 38.7% nan%
Cost of Revenue $1.12B $1.12B $952.70M $1.06B $1.17B $923.63M $873.96M $473.30M $353.29M $314.63M $230.56M
+ Gross Profit $677.40M $677.40M $529.30M $592.40M $675.51M $532.32M $541.87M $315.65M $365.61M $356.38M $253.15M
Gross Margin % 37.7% 37.7% 35.7% 35.8% 36.6% 36.6% 38.3% 40.0% 50.9% 53.1% 52.3%
Operating Expenses $509.40M $509.40M $492.70M $478.70M $442.41M $380.64M $365.85M $261.26M $194.05M $155.61M $126.29M
Research & Development $232.40M $232.40M $211.80M $202.44M $191.02M $161.83M $143.96M $101.50M $76.01M $58.00M $44.45M
Selling General & Admin $242.40M $242.40M $224.60M $221.03M $218.46M $192.00M $188.59M $142.56M $108.03M $93.26M $77.68M
+ Operating Income $168.00M $168.00M $36.60M $113.69M $233.09M $151.68M $176.02M $54.39M $171.55M $200.77M $126.86M
Operating Margin % 9.3% 9.3% 2.5% 6.9% 12.6% 10.4% 12.4% 6.9% 23.9% 29.9% 26.2%
Interest Expense $16.70M $16.70M $25.10M $16.57M $7.33M $3.58M $5.28M $3.48M $228.00K $66.00K $173.00K
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 $-17.88M $12.81M $823.00K $-2.58M $1.22M
Income Before Tax $168.70M $168.70M $52.40M $122.46M $241.74M $148.71M $158.15M $67.19M $172.38M $198.19M $128.08M
Income Tax Expense $19.40M $19.40M $-3.90M $-8.29M $39.85M $14.00M $23.00M $10.70M $25.23M $62.09M $11.13M
+ Net Income $148.40M $148.40M $54.21M $128.28M $199.66M $134.74M $134.68M $64.94M $147.03M $137.86M $127.45M
Net Margin % 8.2% 8.2% 3.7% 7.7% 10.8% 9.3% 9.5% 8.2% 20.5% 20.5% 26.3%
Basic EPS 3.95 3.95 1.45 3.42 5.33 3.53 3.52 1.70 3.76 3.47 3.21
Diluted EPS 3.84 3.84 1.43 3.40 5.29 3.51 3.50 1.69 3.74 3.43 3.18
Basic Shares Outstanding - 37.6M 37.5M 37.5M 37.5M 38.1M 38.3M 38.3M 39.1M 39.8M 39.7M
Diluted Shares Outstanding - 38.6M 37.8M 37.8M 37.7M 38.4M 38.5M 38.5M 39.4M 40.2M 40.0M
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)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
Cash & Cash Equivalents $791.20M $722.10M $1.04B $458.82M $544.37M $480.37M $346.44M $349.30M $407.28M $281.95M
Short-term Investments - - - - $2.30M $2.65M $2.61M $2.47M $3.10M -
Accounts Receivable $325.20M $265.30M $282.43M $300.68M - - - - $87.43M $75.67M
Inventory $411.20M $360.40M $336.14M $376.01M $338.41M $221.35M $230.02M $97.99M $78.45M $55.77M
Other Current Assets $46.30M $41.50M $48.77M $53.00M $29.16M $35.90M $36.83M $10.17M $8.13M $9.32M
Total Current Assets $1.57B $1.39B $1.71B $1.19B $1.16B $980.25M $866.74M $568.45M $595.23M $438.33M
Property Plant & Equipment $272.80M $185.60M $167.66M $148.46M $114.83M $114.73M $108.11M $31.27M $17.80M $13.34M
Goodwill $300.80M $296.00M $283.84M $281.43M $212.19M $209.98M $202.93M $101.90M $53.81M $42.12M
Intangible Assets $117.70M $139.40M $161.48M $189.53M $159.41M $168.94M $184.01M $54.91M $33.50M $28.07M
Total Assets $2.55B $2.26B $2.56B $1.99B $1.82B $1.65B $1.53B $816.48M $733.31M $571.53M
Accounts Payable $224.10M $143.50M $141.85M $170.47M $193.71M $125.22M $170.67M $39.65M $48.18M $46.26M
Other Current Liabilities - - - - - - $40.78M $23.00M $19.91M $14.59M
Total Current Liabilities $991.20M $314.30M $335.85M $393.04M $370.20M $296.40M $320.33M $110.31M $106.12M $95.05M
Long-term Debt $567.50M $564.70M $895.68M $353.26M $372.73M $304.55M $321.53M - - -
Deferred Tax Liabilities - - - - $9.92M $10.09M $9.95M $6.99M - -
Other Non-current Liabilities $38.90M $37.50M $42.58M $41.10M $18.42M $24.66M $19.68M $37.74M $36.28M $20.54M
Total Liabilities $1.18B $1.06B $1.41B $925.90M $945.84M $832.32M $855.15M $209.18M $212.67M $179.46M
Retained Earnings $1.13B $1.03B $989.73M $915.27M $756.32M $712.30M $577.72M $512.78M $333.23M $195.36M
Total Stockholders Equity $1.36B $1.20B $1.14B $1.07B $870.85M $814.74M $676.71M $606.79M $520.64M $392.07M
Total Liabilities & Equity $2.55B $2.26B $2.56B $1.99B $1.82B $1.65B $1.53B $816.48M $733.31M $571.53M
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)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
Net Income $148.40M $148.40M $54.21M $128.28M $199.66M $134.74M $134.68M $64.94M $147.03M $137.86M $127.45M
Depreciation & Amortization $109.80M $62.00M $68.50M $66.53M $60.30M $52.89M $47.77M $26.15M $13.59M $9.42M $7.81M
Stock-based Compensation $55.70M $55.70M $45.90M $31.00M $19.85M $15.74M $12.27M $7.33M $9.70M $12.55M $6.33M
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 $-15.41M $18.88M $-3.44M $7.50M $21.60M
Change in Inventory $87.30M $47.40M $27.90M $-39.30M $32.24M $115.74M $-11.66M $-3.69M $11.28M $19.26M $6.36M
Change in Payables $144.40M $79.30M $-600.00K $-26.08M $-28.70M $67.11M $-48.16M $-16.09M $-12.62M $1.81M $18.96M
Operating Cash Flow $336.30M $233.30M $130.80M $208.94M $183.59M $140.25M $201.24M $48.39M $151.27M $182.70M $119.29M
Capital Expenditure $163.30M $107.40M $56.80M $61.01M $58.88M $28.82M $36.48M $25.19M $20.33M $9.04M $6.82M
Acquisitions - - $13.80M - $149.39M $21.54M $5.48M $366.10M $93.76M $17.35M -
Purchases of Investments - - - - - - - - $95.00K $107.00K $763.00K
Investing Cash Flow $-168.50M $-109.80M $-73.60M $-64.75M $-208.27M $-47.30M $-42.84M $-393.85M $-113.59M $-28.08M $300.00K
Stock Repurchased $54.40M $30.20M $1.80M $40.00M $26.64M $78.12M $11.63M - $95.12M $29.99M -
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 $-29.61M $338.84M $-97.13M $-31.31M $2.14M
Net Change in Cash $61.40M $69.10M $-322.50M $585.74M $-85.55M $64.00M $133.93M $-8.11M $-60.48M $125.52M $119.80M
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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