Saturday 17 October 2026
Export ASPN’s income statement to Excel — free account
Aspen Aerogels, Inc.
ASPN Industrials Building Products & Equipment
Aspen Aerogels, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $271.1 million, down 40.1% from fiscal 2024. In the quarter to June 2026, revenue fell 36.1%, EPS fell 154.6%, free cash flow fell 7.06% and total debt fell 29.2%, each against the same quarter a year earlier.
5.19
0.21
−3.89%
Follow ASPN
| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
0.00 | 69.88 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Piotroski F-Score |
4 | 7 | 4 | 2 | 1 | 3 | 4 | 3 | 3 | 2 |
Altman Z-Score |
(4.67) | 2.05 | 2.15 | 0.47 | 12.93 | 2.34 | (2.98) | (5.52) | (1.30) | (0.45) |
P/S ratio |
0.86 | 2.03 | 4.46 | 2.20 | 12.46 | 4.39 | 1.34 | 0.48 | 1.04 | 0.84 |
P/FCF ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Altman Z″-Score (non-manufacturers) |
(10.32) | 2.50 | 0.55 | 1.35 | (6.02) | (13.84) | (13.87) | (14.32) | (6.53) | (2.75) |
Beneish M-Score |
(5.80) | (2.17) | (2.64) | (0.24) | (1.99) | (3.35) | 18.25 | (3.66) | (2.54) | (3.11) |
P/Operating CF |
14.44 | 25.81 | (383.05) | (16.51) | (125.76) | (85.62) | 39.73 | 587.95 | 338.61 | 124.80 |
P/B ratio |
0.99 | 1.50 | 2.18 | 0.89 | 11.80 | 6.49 | 3.17 | 0.72 | 1.15 | 0.85 |
Price to Tangible BV |
0.99 | 1.50 | 2.18 | 0.89 | 11.80 | 6.49 | 3.17 | 0.72 | 1.15 | 0.85 |
EV/Sales |
0.68 | 1.89 | 4.36 | 1.23 | 11.95 | 4.26 | 1.37 | 0.49 | 0.98 | 0.68 |
EV/EBITDA |
0.00 | 9.99 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Operating CF |
5.61 | 18.81 | (24.44) | (2.34) | (78.05) | (43.07) | (181.02) | (5.94) | (23.78) | (138.86) |
EV/FCF |
(40.26) | (21.04) | (4.78) | (0.81) | (44.87) | (32.04) | (60.26) | (4.20) | (10.21) | (5.82) |
Quick Ratio |
3.13 | 3.00 | 2.69 | 4.31 | 2.65 | 2.31 | 1.18 | 1.25 | 1.74 | 1.96 |
Current Ratio |
3.90 | 3.72 | 3.41 | 4.68 | 3.07 | 3.38 | 1.50 | 1.62 | 2.21 | 2.77 |
Net Debt/EBITDA |
0.16 | (0.75) | 0.87 | 2.72 | 1.97 | 1.13 | (0.96) | (0.04) | 0.83 | 13.20 |
Debt/Assets |
25.80% | 17.52% | 16.36% | 16.47% | 8.33% | 3.76% | 7.16% | 4.22% | 3.03% | 0.03% |
Debt/Equity |
0.45 | 0.26 | 0.24 | 0.24 | 0.12 | 0.05 | 0.13 | 0.06 | 0.04 | 0.00 |
Asset Turnover |
0.42 | 0.57 | 0.35 | 0.44 | 0.87 | 1.00 | 1.38 | 0.94 | 0.86 | 0.86 |
Operating CF/Net income |
(0.08) | 3.41 | 0.93 | 1.14 | 0.50 | 0.46 | 0.07 | 0.25 | 0.24 | 0.05 |
Capex/Depreciation |
(0.77) | (2.76) | (8.50) | (12.39) | (1.46) | (0.33) | (0.21) | (0.33) | (0.57) | (1.34) |
Interest Coverage |
— | 7.22 | (9.23) | (15.51) | (177.29) | (89.87) | (34.87) | (64.73) | (103.44) | (76.33) |
| (91.64%) | 2.43% | (9.79%) | (28.74%) | (37.80%) | (34.39%) | (22.54%) | (40.23%) | (17.85%) | (10.10%) | |
| (59.85%) | 1.67% | (6.80%) | (20.02%) | (26.46%) | (21.71%) | (14.38%) | (30.91%) | (14.95%) | (8.75%) | |
ROIC |
(129.98%) | 6.19% | (6.64%) | (18.29%) | (37.83%) | (24.50%) | (14.10%) | (29.81%) | (12.72%) | (7.19%) |
Return on Tangible Assets |
(139.91%) | 1.76% | (7.57%) | (15.04%) | (28.24%) | (27.28%) | (21.12%) | (45.39%) | (18.91%) | (10.32%) |
Average Days of Receivables |
47.49 | 87.97 | 107.02 | 116.06 | 61.30 | 57.14 | 84.47 | 89.41 | 87.51 | 54.36 |
Research and Development Expense of Revenue |
4.95% | 3.99% | 6.85% | 9.39% | 9.41% | 8.71% | 6.03% | 6.05% | 5.54% | 4.51% |
Selling, General and Administrative Expense of Revenue |
30.97% | 23.59% | 37.60% | 37.31% | 32.14% | 27.36% | 22.99% | 31.53% | 28.33% | 24.82% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
3.18% | 2.84% | 4.59% | 5.20% | 4.26% | 4.99% | 2.71% | 4.12% | 4.56% | 4.51% |
Graham Net Nets |
0.30 | 0.14 | 0.05 | 0.44 | 0.04 | 0.04 | 0.01 | 0.17 | 0.21 | 0.32 |
Graham Number |
0.00 | 5.51 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Earnings Yield |
(167.49%) | 1.43% | (4.31%) | (21.98%) | (2.39%) | (4.91%) | (7.73%) | (67.61%) | (16.47%) | (12.24%) |
Free Cash Flow Yield |
(1.96%) | (4.42%) | (20.49%) | (68.51%) | (2.14%) | (3.03%) | (1.69%) | (24.22%) | (9.21%) | (14.03%) |
Revenue per Share |
3.29 | 5.84 | 3.44 | 4.58 | 4.00 | 3.80 | 5.78 | 4.40 | 4.77 | 5.09 |
Operating CF per Share |
0.40 | 0.59 | (0.61) | (2.40) | (0.61) | (0.38) | (0.04) | (0.36) | (0.20) | (0.02) |
Capex per Share |
(0.45) | (1.11) | (2.53) | (4.52) | (0.45) | (0.13) | (0.09) | (0.15) | (0.26) | (0.57) |
Free Cash Flow per Share |
(0.06) | (0.53) | (3.14) | (6.92) | (1.06) | (0.51) | (0.13) | (0.52) | (0.46) | (0.60) |
Cash per Share |
1.93 | 2.85 | 2.02 | 7.18 | 2.52 | 0.63 | 0.15 | 0.14 | 0.46 | 0.78 |
Shareholders Equity per Share |
2.86 | 7.93 | 7.03 | 11.37 | 4.22 | 2.57 | 2.45 | 2.96 | 4.32 | 4.99 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
2.86 | 7.93 | 7.03 | 11.37 | 4.22 | 2.57 | 2.45 | 2.96 | 4.32 | 4.99 |
Free Cash Flow |
(4.58) | (40.71) | (218.07) | (272.37) | (32.41) | (13.34) | (3.17) | (12.25) | (10.72) | (13.79) |
Working Capital |
180.03 | 299.34 | 188.24 | 290.74 | 75.60 | 33.20 | 15.34 | 14.19 | 26.09 | 32.06 |
Capital Expenditures |
(37.45) | (86.26) | (175.45) | (177.97) | (13.78) | (3.42) | (2.11) | (3.59) | (6.12) | (13.22) |
Net Current Asset Value |
70.89 | 129.01 | 51.34 | 173.70 | 57.60 | 17.55 | 1.26 | 8.48 | 24.79 | 31.08 |
EV/EBIT |
0.00 | 15.71 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
0.14 | 0.19 | 0.74 | 0.99 | 0.11 | 0.03 | 0.02 | 0.03 | 0.05 | 0.11 |
Price to Operating Income |
0.00 | 16.89 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.50 | 0.07 | 0.05 | 0.06 | 0.17 | 0.22 | 0.19 | 0.17 | 0.14 | 0.12 |
Cash ROIC |
(0.92%) | (4.10%) | (29.35%) | (32.58%) | (14.72%) | (15.16%) | (4.52%) | (15.75%) | (9.29%) | (10.32%) |
Accounts Receivable Turnover |
3.76 | 5.06 | 3.75 | 4.64 | 6.73 | 4.18 | 4.82 | 3.99 | 5.04 | 6.17 |
Accounts Payable Turnover |
7.82 | 5.65 | 3.44 | 4.86 | 9.80 | 9.55 | 9.05 | 7.96 | 7.84 | 7.95 |
Inventory Turnover |
5.25 | 6.22 | 5.89 | 10.16 | 8.90 | 7.84 | 14.06 | 11.30 | 8.54 | 9.73 |
Average Days of Payables |
21.47 | 60.01 | 102.58 | 113.89 | 57.00 | 22.80 | 40.65 | 49.33 | 41.83 | 50.50 |
Days of Inventory on Hand |
62.02 | 64.33 | 78.68 | 46.90 | 39.18 | 55.80 | 28.30 | 29.13 | 35.00 | 49.74 |
Average Receivables |
72.19 | 89.55 | 63.67 | 38.89 | 18.06 | 23.98 | 28.91 | 26.16 | 22.15 | 19.08 |
Average Payables |
28.80 | 47.73 | 52.91 | 36.08 | 11.40 | 8.97 | 12.49 | 11.52 | 11.86 | 11.87 |
Average Inventory |
42.90 | 43.37 | 30.86 | 17.26 | 12.54 | 10.93 | 8.04 | 8.12 | 10.89 | 9.70 |
Average Assets |
650.91 | 799.10 | 673.23 | 413.19 | 140.19 | 100.46 | 101.26 | 111.42 | 129.24 | 137.37 |
Average Common Equity |
425.11 | 551.38 | 467.74 | 287.92 | 98.13 | 63.42 | 64.62 | 85.60 | 108.25 | 119.02 |
Columns are period end dates