stockrowApplied Optoelectronics, Inc.
AAOI Technology Communication Equipment
Applied Optoelectronics, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $455.7 million, up 82.8% from fiscal 2024.
- Revenue
- +127.5%
- EPS
- +125.0%
- Free cash flow
- +96.1%
- Total debt
- +69.0%
Quarter to September 2026, against a year earlier
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Applied Optoelectronics, Inc. (AAOI) Free cash flow margin
Applied Optoelectronics, Inc.'s free cash flow margin over the twelve months to 30 September 2026 was −14.3%, up 63.4 percentage points from fiscal 2025 (−77.7%). Over the past ten years it has ranged from −77.7% (fiscal 2025) to 4.44% (fiscal 2017) — the current reading is the lowest in ten years. That is below the Communication Equipment industry median of 0.27% and below the Technology sector median of 0.67%.
Free cash flow margin, annual
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Annual newest first
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | −77.7% | (32.18) |
| FY2024 | −45.5% | (37.47) |
| FY2023 | −8.02% | (0.24) |
| FY2022 | −7.78% | 1.66 |
| FY2021 | −9.44% | 16.17 |
| FY2020 | −25.6% | (9.27) |
| FY2019 | −16.3% | 5.20 |
| FY2018 | −21.5% | (25.98) |
| FY2017 | 4.44% | 1.71 |
| FY2016 | 2.73% | 40.86 |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| DGII Digi International Inc. compare | 26.9% |
| ZBRA Zebra Technologies Corporation compare | 16.1% |
| VIAV Viavi Solutions Inc. compare | 14.5% |
| VSAT Viasat Inc. compare | 12.5% |
| EXTR Extreme Networks, Inc. compare | 11.8% |
| BDC Belden Inc compare | 7.30% |
| AAOI Applied Optoelectronics, Inc. | −14.3% |
| ONDS Ondas Holdings Inc. compare | −98.8% |
| ASTS AST SpaceMobile, Inc. compare | −1,506.1% |
| Communication Equipment industry median | 0.27% |
| Technology sector median | 0.67% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
More on AAOI
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement