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Applied Optoelectronics, Inc. AAOI

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Price alert · AAOI

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52.10 USD +1.97 (+3.93%)

At closeNov 9, 2026, 6:29 PM EST

52.38 +0.28 +0.54%

After hours · Nov 9, 6:29 PM ET

48.32 Day range 54.04
18.50 52-week range 233.67
YTD
+49.45%
1 year
+82.36%

Financial health

Altman Z-Score

3.17 Safe zone

Bankruptcy-risk model: below 1.81 distress, above 2.99 safe.

Piotroski F-Score

2 / 9 Weak

Nine pass/fail tests of profitability, leverage and efficiency.

Rating

C2 / 5 overall

  • DCF 1
  • Return on Equity 1
  • Return on Assets 1
  • Debt / Equity 3
  • P/E 1
  • P/B 3

Valuation

P/E -54.5×
FY 2016: 12.9×FY 2017: 9.8×FY 2018: -140×FY 2019: -3.6×FY 2020: -3.2×FY 2021: -2.6×FY 2022: -0.8×FY 2023: -11.0×FY 2024: -8.2×FY 2025: -54.5×
FY 2016 5y median -8.2× FY 2025
P/S 4.6×
FY 2016: 1.5×FY 2017: 1.9×FY 2018: 1.1×FY 2019: 1.2×FY 2020: 0.8×FY 2021: 0.7×FY 2022: 0.2×FY 2023: 2.8×FY 2024: 6.1×FY 2025: 4.6×
FY 2016 5y median 2.8× FY 2025
P/B 2.9×
FY 2016: 1.8×FY 2017: 2.2×FY 2018: 0.9×FY 2019: 0.9×FY 2020: 0.7×FY 2021: 0.5×FY 2022: 0.3×FY 2023: 2.9×FY 2024: 6.7×FY 2025: 2.9×
FY 2016 5y median 2.9× FY 2025
P/FCF -5.9×
FY 2016: 56.7×FY 2017: 51.8×FY 2018: -4.8×FY 2019: -7.0×FY 2020: -2.9×FY 2021: -6.2×FY 2022: -2.9×FY 2023: -35.1×FY 2024: -13.6×FY 2025: -5.9×
FY 2016 5y median -6.2× FY 2025
EV/EBITDA -132×
FY 2016: 10.7×FY 2017: 6.5×FY 2018: 16.0×FY 2019: -14.6×FY 2020: -14.3×FY 2021: -10.9×FY 2022: -5.0×FY 2023: -26.5×FY 2024: -10.4×FY 2025: -132×
FY 2016 5y median -10.9× FY 2025
EV/Sales 4.5×
FY 2016: 1.5×FY 2017: 1.8×FY 2018: 1.3×FY 2019: 1.7×FY 2020: 1.3×FY 2021: 1.2×FY 2022: 0.8×FY 2023: 3.2×FY 2024: 6.6×FY 2025: 4.5×
FY 2016 5y median 3.2× FY 2025
FCF Yield -16.9%
FY 2016: 1.8%FY 2017: 1.9%FY 2018: -20.9%FY 2019: -14.3%FY 2020: -34.2%FY 2021: -16.1%FY 2022: -34.7%FY 2023: -2.9%FY 2024: -7.4%FY 2025: -16.9%
FY 2016 5y median -16.1% FY 2025

Profitability

Gross Margin 30.0%
FY 2016: 33.4%FY 2017: 43.5%FY 2018: 32.8%FY 2019: 24.2%FY 2020: 21.5%FY 2021: 17.8%FY 2022: 15.1%FY 2023: 27.1%FY 2024: 24.8%FY 2025: 30.0%
FY 2016 5y median 24.8% FY 2025
Operating Margin -12.0%
FY 2016: 8.8%FY 2017: 22.7%FY 2018: -4.0%FY 2019: -25.5%FY 2020: -20.8%FY 2021: -26.8%FY 2022: -26.5%FY 2023: -19.0%FY 2024: -28.4%FY 2025: -12.0%
FY 2016 5y median -26.5% FY 2025
Net Margin -8.4%
FY 2016: 12.0%FY 2017: 19.3%FY 2018: -0.8%FY 2019: -34.6%FY 2020: -24.9%FY 2021: -25.6%FY 2022: -29.8%FY 2023: -25.8%FY 2024: -74.9%FY 2025: -8.4%
FY 2016 5y median -25.8% FY 2025
ROE -5.2%
FY 2016: 13.7%FY 2017: 22.2%FY 2018: -0.7%FY 2019: -24.1%FY 2020: -21.0%FY 2021: -21.3%FY 2022: -36.0%FY 2023: -26.1%FY 2024: -81.5%FY 2025: -5.2%
FY 2016 5y median -26.1% FY 2025
ROIC -4.7%
FY 2016: 8.5%FY 2017: 19.9%FY 2018: -0.6%FY 2019: -11.7%FY 2020: -11.3%FY 2021: -14.0%FY 2022: -17.3%FY 2023: -12.3%FY 2024: -16.9%FY 2025: -4.7%
FY 2016 5y median -14.0% FY 2025
ROA -3.3%
FY 2016: 9.7%FY 2017: 16.3%FY 2018: -0.5%FY 2019: -14.1%FY 2020: -12.2%FY 2021: -11.9%FY 2022: -16.3%FY 2023: -14.4%FY 2024: -34.1%FY 2025: -3.3%
FY 2016 5y median -14.4% FY 2025

Growth (YoY)

Revenue 82.8%
FY 2016: 37.3%FY 2017: 46.6%FY 2018: -30.0%FY 2019: -28.6%FY 2020: 22.9%FY 2021: -9.8%FY 2022: 5.3%FY 2023: -2.3%FY 2024: 14.6%FY 2025: 82.8%
FY 2016 FY 2025
Operating Income 23.0%
FY 2016: 71.2%FY 2017: 277.7%FY 2018: -112.4%FY 2019: -352.7%FY 2020: -0.2%FY 2021: -16.2%FY 2022: -3.9%FY 2023: 29.9%FY 2024: -71.5%FY 2025: 23.0%
FY 2016 FY 2025
EPS (diluted) 85.8%
FY 2016: 170.8%FY 2017: 108.5%FY 2018: -103.0%FY 2019: -2909.1%FY 2020: 19.3%FY 2021: 24.7%FY 2022: -18.4%FY 2023: 26.5%FY 2024: -157.1%FY 2025: 85.8%
FY 2016 FY 2025
Free Cash Flow -213.1%
FY 2016: 109.8%FY 2017: 96.0%FY 2018: -553.3%FY 2019: 46.4%FY 2020: -87.7%FY 2021: 64.9%FY 2022: 18.1%FY 2023: 3.6%FY 2024: -541.8%FY 2025: -213.1%
FY 2016 FY 2025

Financial Health

Current Ratio 2.6×
FY 2016: 2.6×FY 2017: 3.2×FY 2018: 2.5×FY 2019: 2.1×FY 2020: 2.0×FY 2021: 1.8×FY 2022: 1.3×FY 2023: 1.8×FY 2024: 1.8×FY 2025: 2.6×
FY 2016 5y median 1.8× FY 2025
Quick Ratio 1.9×
FY 2016: 1.8×FY 2017: 2.2×FY 2018: 1.3×FY 2019: 1.2×FY 2020: 1.0×FY 2021: 0.9×FY 2022: 0.7×FY 2023: 1.2×FY 2024: 1.3×FY 2025: 1.9×
FY 2016 5y median 1.2× FY 2025
Debt / Equity 0.2×
FY 2016: 0.2×FY 2017: 0.1×FY 2018: 0.3×FY 2019: 0.5×FY 2020: 0.6×FY 2021: 0.6×FY 2022: 0.8×FY 2023: 0.6×FY 2024: 0.8×FY 2025: 0.2×
FY 2016 5y median 0.6× FY 2025
Net Debt / EBITDA 3.1×
FY 2016: -0.2×FY 2017: -0.3×FY 2018: 1.6×FY 2019: -3.7×FY 2020: -5.3×FY 2021: -5.0×FY 2022: -3.5×FY 2023: -2.9×FY 2024: -0.8×FY 2025: 3.1×
FY 2016 5y median -2.9× FY 2025
Interest Coverage -15.6×
FY 2016: 13.4×FY 2017: 101×FY 2018: -9.7×FY 2019: -9.0×FY 2020: -8.7×FY 2021: -10.1×FY 2022: -9.3×FY 2023: -4.4×FY 2024: -10.4×FY 2025: -15.6×
FY 2016 5y median -10.1× FY 2025

Dividends

Dividend Yield 0.0%
FY 2016: 0.0%FY 2017: 0.0%FY 2018: 0.0%FY 2019: 0.0%FY 2020: 0.0%FY 2021: 0.0%FY 2022: 0.0%FY 2023: 0.0%FY 2024: 0.0%FY 2025: 0.0%
FY 2016 5y median 0.0% FY 2025
Payout Ratio 0.0%
FY 2016: 0.0%FY 2017: 0.0%FY 2018: 0.0%FY 2019: 0.0%FY 2020: 0.0%FY 2021: 0.0%FY 2022: 0.0%FY 2023: 0.0%FY 2024: 0.0%FY 2025: 0.0%
FY 2016 5y median 0.0% FY 2025

Annual · latest fiscal year ends 2025-12-31