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Friday 6 November 2026 Export AAOI’s income statement to Excel — free account

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

49.98 3.09 +6.59%
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
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Applied Optoelectronics, Inc. (AAOI) P/S ratio

Alert me on P/S ratio

As of 5 November 2026, Applied Optoelectronics, Inc. (AAOI) trades at a P/S ratio of 5.6×. Over the past ten years it has ranged from 0.2× (July 2022) to 33.4× (May 2026); the current reading is higher than 92% of that period. That is above the Communication Equipment industry median of 1.7× and above the Technology sector median of 2.6×.

P/S ratio, daily

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Annual newest first

Period P/S ratio Change
FY2025 4.6× (25.02%)
FY2024 6.1× 95.13%
FY2023 3.1× 1,239.55%
FY2022 0.2× (64.07%)
FY2021 0.7× (17.56%)
FY2020 0.8× (36.23%)
FY2019 1.2× 9.73%
FY2018 1.1× (40.15%)
FY2017 1.9× 24.24%
FY2016 1.5× 7.94%

Quarterly newest first

Period P/S ratio Change
Sep 2026 11.7× (42.46%)
Jun 2026 20.3× 59.96%
Mar 2026 12.7× 175.36%
Dec 2025 4.6× 18.23%
43 more quarters

Against its own ten years

Low 0.2× High 33.4×
Ten-year median 1.5×
Current reading's percentile 92

P/S ratio against peers

Company P/S ratio
BDC Belden Inc compare 1.2×
VSAT Viasat Inc. compare 1.8×
EXTR Extreme Networks, Inc. compare 2.1×
ZBRA Zebra Technologies Corporation compare 2.5×
VIAV Viavi Solutions Inc. compare 3.8×
DGII Digi International Inc. compare 4.7×
AAOI Applied Optoelectronics, Inc. 5.6×
ONDS Ondas Holdings Inc. compare 13.2×
ASTS AST SpaceMobile, Inc. compare 79.0×
Communication Equipment industry median 1.7×
Technology sector median 2.6×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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