Applied 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

50.16 3.27 +6.97%
Market cap
$4.0B
P/E
0.0×
Fwd P/E
19.6×
Dividend yield
—
F-score
4/9
Altman Z
2.98
Beneish M
−0.51
Dividend safety
n/a

Applied Optoelectronics, Inc. (AAOI) Price to free cash flow

Alert me on Price to free cash flow

Applied Optoelectronics, Inc. has no meaningful price to free cash flow: its trailing twelve-month free cash flow is negative. Over the past ten years it has ranged from 0.0× (November 2026) to 963× (June 2018) — the current reading is the lowest in ten years.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 0.0× —
FY2024 0.0× —
FY2023 0.0× —
FY2022 0.0× —
FY2021 0.0× —
FY2020 0.0× —
FY2019 0.0× —
FY2018 0.0× —
FY2017 42.6× (23.54%)
FY2016 55.7× —

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 0.0× —
Jun 2026 0.0× —
Mar 2026 0.0× —
Dec 2025 0.0× —
43 more quarters

Against its own ten years

Low 0.0× High 963×
Ten-year median 0.0×
Current reading's percentile 87

Price to free cash flow against peers

Company Price to free cash flow
AAOI Applied Optoelectronics, Inc. n/m
ONDS Ondas Holdings Inc. compare n/m
ASTS AST SpaceMobile, Inc. compare n/m
ZBRA Zebra Technologies Corporation compare 15.5×
BDC Belden Inc compare 16.0×
DGII Digi International Inc. compare 17.3×
EXTR Extreme Networks, Inc. compare 18.1×
VSAT Viasat Inc. compare 23.4×
VIAV Viavi Solutions Inc. compare 32.4×
Communication Equipment industry median 21.7×
Technology sector median 18.7×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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