Advanced Energy Industries (AEIS) Financials

$115.69 -1.82 (-1.55%)

Closing price 05/28/2025 04:00 PM Eastern

Extended Trading

$115.70 +0.01 (+0.01%)

As of 05/28/2025 07:49 PM Eastern

Annual Income Statements for Advanced Energy Industries

This table shows Advanced Energy Industries' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	54	128	200	135	135	65	147	138	127	-158
Consolidated Net Income / (Loss)	54	128	200	135	135	65	147	138	127	-158
Net Income / (Loss) Continuing Operations	56	131	202	135	135	56	147	136	117	83
Total Pre-Tax Income	52	122	242	149	158	67	172	198	128	105
Total Operating Income	37	114	233	152	176	54	172	201	127	107
Total Gross Profit	529	592	676	532	542	316	366	356	253	217
Total Revenue	1,482	1,656	1,845	1,456	1,416	789	719	671	484	415
Operating Revenue	1,482	1,656	1,845	1,456	1,416	789	719	671	484	415
Total Cost of Revenue	953	1,063	1,170	924	874	473	353	315	231	198
Operating Cost of Revenue	953	1,063	1,170	924	874	473	353	315	231	198
Total Operating Expenses	493	479	442	381	366	261	194	156	126	110
Selling, General & Admin Expense	225	221	218	192	189	143	108	93	78	66
Research & Development Expense	212	202	191	162	144	102	76	58	44	40
Amortization Expense	26	28	26	22	20	12	5.77	4.35	4.17	4.37
Restructuring Charge	30	27	6.81	4.75	13	5.04	4.24	0.00	0.00	0.20
Total Other Income / (Expense), net	16	8.77	8.65	-2.97	-18	13	0.82	-2.58	1.22	-1.21
Interest Expense	25	17	7.33	3.58	-	-	-	-	-	-
Interest & Investment Income	43	27	4.15	0.45	-	-	-	-	-	-
Other Income / (Expense), net	-1.99	-1.76	12	0.15	-18	13	0.82	-2.58	1.22	-1.21
Income Tax Expense	-3.93	-8.29	40	14	23	11	25	62	11	22
Net Income / (Loss) Discontinued Operations	-2.09	-2.47	-2.22	0.07	-0.42	8.48	-0.04	1.76	11	-242
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.00	0.02	0.04	0.06	0.03	0.09	0.00	0.00	-
Basic Earnings per Share	$1.45	$3.42	$5.33	$3.53	$3.52	$1.70	$3.76	$3.47	$3.21	($3.89)
Weighted Average Basic Shares Outstanding	37.48M	37.48M	37.46M	38.14M	38.31M	38.28M	39.08M	39.75M	39.72M	40.75M
Diluted Earnings per Share	$1.43	$3.40	$5.29	$3.51	$3.50	$1.69	$3.74	$3.43	$3.18	($3.89)
Weighted Average Diluted Shares Outstanding	37.84M	37.75M	37.72M	38.36M	38.54M	38.50M	39.35M	40.18M	40.03M	41.08M
Weighted Average Basic & Diluted Shares Outstanding	37.72M	37.32M	37.47M	37.56M	38.30M	38.41M	39.10M	39.70M	39.70M	40.70M
Cash Dividends to Common per Share	$0.10	$0.10	$0.10	$0.10	-	-	-	-	-	-

This table shows Advanced Energy Industries' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	25	49	-15	15	5.22	38	33	27	31	44	74
Consolidated Net Income / (Loss)	25	49	-15	15	5.22	38	33	27	31	44	74
Net Income / (Loss) Continuing Operations	25	49	-14	16	5.79	38	34	27	32	45	75
Total Pre-Tax Income	30	41	-15	19	7.57	16	35	32	39	55	87
Total Operating Income	31	34	-11	13	0.68	14	30	30	40	58	78
Total Gross Profit	151	155	134	128	113	143	147	147	155	178	191
Total Revenue	405	415	374	365	327	405	410	416	425	491	516
Operating Revenue	405	415	374	365	327	405	410	416	425	491	516
Total Cost of Revenue	254	261	240	237	215	262	263	268	270	313	325
Operating Cost of Revenue	254	261	240	237	215	262	263	268	270	313	325
Total Operating Expenses	120	121	145	115	112	129	117	117	115	120	114
Selling, General & Admin Expense	59	58	56	55	55	55	55	56	55	57	57
Research & Development Expense	54	56	54	52	50	49	50	51	52	50	50
Amortization Expense	5.50	5.53	6.77	6.80	6.95	7.07	7.05	7.08	7.06	7.03	7.05
Restructuring Charge	1.20	0.90	29	0.63	0.25	18	4.71	3.15	1.04	5.64	0.12
Total Other Income / (Expense), net	-0.70	6.57	-3.50	5.80	6.90	2.43	4.46	2.43	-0.55	-2.70	8.94
Interest Expense	4.20	4.64	6.38	6.96	7.13	7.20	3.78	2.86	2.73	-	-
Interest & Investment Income	6.90	7.08	11	12	13	13	6.40	4.30	3.59	-	-
Other Income / (Expense), net	-3.40	4.14	-8.14	0.64	1.38	-3.18	1.85	0.98	-1.41	0.48	8.94
Income Tax Expense	5.00	-8.48	-0.40	3.17	1.79	-22	0.87	4.80	7.74	10	12
Net Income / (Loss) Discontinued Operations	-0.20	-0.19	-0.76	-0.58	-0.57	-0.39	-0.93	-0.32	-0.83	-1.60	-0.70
Basic Earnings per Share	$0.66	$1.31	($0.40)	$0.40	$0.14	$1.00	$0.87	$0.72	$0.83	$1.17	$1.98
Weighted Average Basic Shares Outstanding	37.60M	37.48M	37.53M	37.47M	37.36M	37.48M	37.58M	37.57M	37.48M	37.46M	37.38M
Diluted Earnings per Share	$0.65	$1.29	($0.40)	$0.40	$0.14	$1.00	$0.86	$0.72	$0.82	$1.16	$1.97
Weighted Average Diluted Shares Outstanding	38.10M	37.84M	37.53M	37.78M	37.69M	37.75M	37.85M	37.80M	37.76M	37.72M	37.63M
Weighted Average Basic & Diluted Shares Outstanding	37.66M	37.72M	37.67M	37.67M	37.44M	37.32M	37.28M	37.65M	37.53M	37.47M	37.38M
Cash Dividends to Common per Share	$0.10	-	$0.10	$0.10	$0.10	-	$0.10	$0.10	$0.10	-	$0.10

This table details how cash moves in and out of Advanced Energy Industries' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-322	586	-86	64	134	-8.11	-60	126	120	44
Net Cash From Operating Activities	131	209	184	140	201	48	151	183	119	105
Net Cash From Continuing Operating Activities	133	213	184	141	202	48	151	190	127	124
Net Income / (Loss) Continuing Operations	56	131	202	135	135	56	147	136	234	83
Consolidated Net Income / (Loss)	54	128	200	135	135	65	147	138	127	-158
Net Income / (Loss) Discontinued Operations	-2.09	-2.47	-2.22	0.07	-0.42	8.48	0.04	-1.76	11	-242
Depreciation Expense	68	67	60	53	48	26	14	9.42	7.81	8.83
Amortization Expense	3.77	1.33	0.55	-	-	-	-	-	-	-
Non-Cash Adjustments To Reconcile Net Income	46	32	18	17	14	-5.67	10	13	6.65	7.76
Changes in Operating Assets and Liabilities, net	-42	-18	-97	-63	4.95	-29	-19	28	-4.27	24
Net Cash From Discontinued Operating Activities	-2.18	-3.99	-0.14	-0.67	-0.92	0.49	-0.16	-7.26	-7.86	-19
Net Cash From Investing Activities	-74	-65	-208	-47	-43	-394	-114	-28	0.30	-13
Net Cash From Continuing Investing Activities	-74	-65	-208	-47	-43	-394	-114	-25	0.30	-13
Purchase of Property, Plant & Equipment	-57	-61	-59	-29	-36	-25	-20	-9.04	-6.82	-4.01
Acquisitions	-14	0.00	-149	-22	-5.48	-366	-94	-17	0.00	-0.13
Purchase of Investments	-2.99	-3.75	0.00	0.00	-	-	-	-0.11	-0.76	-30
Net Cash From Financing Activities	-377	446	-62	-25	-30	339	-97	-31	2.14	-46
Net Cash From Continuing Financing Activities	-377	446	-62	-25	-30	339	-97	-31	2.17	-46
Repayment of Debt	-355	-34	-20	-15	-18	-8.75	0.00	0.00	-	-0.00
Repurchase of Common Equity	-1.77	-40	-27	-78	-12	0.00	-95	-30	0.00	-50
Payment of Dividends	-15	-15	-15	-15	0.00	0.00	-	-	-	-
Issuance of Debt	0.00	575	0.00	85	0.00	347	0.00	0.00	-	-
Issuance of Common Equity	0.00	75	0.00	0.00	-	-	-	-	-	-
Other Financing Activities, net	-4.85	-115	-0.03	-1.76	-0.48	0.10	-2.01	-1.31	2.17	4.48
Effect of Exchange Rate Changes	-2.58	-	1.00	-	-	-	-	-	-1.93	-1.47

This table details how cash moves in and out of Advanced Energy Industries' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	0.90	65	-329	-32	-27	59	531	-6.41	2.85	50	36
Net Cash From Operating Activities	29	83	34	6.71	7.28	84	73	23	30	71	65
Net Cash From Continuing Operating Activities	29	83	35	6.88	7.99	85	73	24	32	71	65
Net Income / (Loss) Continuing Operations	25	49	-14	16	5.79	38	34	27	32	45	75
Consolidated Net Income / (Loss)	25	49	-15	15	5.22	38	33	27	31	44	74
Net Income / (Loss) Discontinued Operations	-0.20	-0.19	-0.76	-0.58	-0.57	-0.39	-0.93	-0.32	-0.83	-1.60	-0.70
Depreciation Expense	16	17	18	17	17	17	17	16	17	16	16
Amortization Expense	0.70	0.74	1.41	0.81	0.82	0.95	0.12	0.13	0.13	-	-
Non-Cash Adjustments To Reconcile Net Income	14	11	14	11	11	8.82	8.28	8.01	6.92	6.74	1.59
Changes in Operating Assets and Liabilities, net	-27	5.43	17	-38	-26	20	14	-28	-23	2.26	-27
Net Cash From Discontinued Operating Activities	-0.30	0.01	-1.32	-0.17	-0.71	-0.68	-0.22	-1.02	-2.07	-0.06	-0.14
Net Cash From Investing Activities	-15	-13	-13	-29	-19	-15	-13	-21	-16	-23	-14
Net Cash From Continuing Investing Activities	-15	-13	-13	-29	-19	-15	-13	-21	-16	-23	-14
Purchase of Property, Plant & Equipment	-14	-13	-13	-15	-17	-14	-13	-17	-16	-19	-14
Purchase of Investments	-1.20	-0.29	-0.30	-0.31	-2.09	-0.30	-0.32	-3.13	0.00	-	-
Net Cash From Financing Activities	-13	-2.66	-351	-9.02	-14	-8.52	473	-8.17	-11	-8.09	-11
Net Cash From Continuing Financing Activities	-13	-2.66	-351	-9.02	-14	-8.52	473	-8.17	-11	-8.09	-11
Repayment of Debt	0.00	-	-345	-5.00	-5.00	-5.90	-18	-5.00	-5.00	-5.00	-5.00
Repurchase of Common Equity	-0.50	-	-	-	-	-	-	-	-	-0.68	-2.38
Payment of Dividends	-3.80	-3.84	-3.87	-3.85	-3.81	-3.80	-3.83	-3.78	-3.81	-3.80	-3.81
Other Financing Activities, net	-9.10	1.18	-0.53	-0.17	-5.33	1.18	-115	0.61	-1.99	1.39	0.26
Effect of Exchange Rate Changes	0.50	-2.19	-	-	-1.20	-	-	-0.30	0.05	-	-

This table presents Advanced Energy Industries' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	2,262	2,557	1,992	1,817	1,648	1,532	816	733	572	463
Total Current Assets	1,389	1,712	1,189	1,162	980	867	568	595	438	322
Cash & Equivalents	722	1,045	459	544	480	346	349	407	282	158
Accounts Receivable	265	282	301	237	235	247	100	87	76	55
Inventories, net	360	336	376	338	221	230	98	78	56	53
Other Current Assets	42	49	53	42	36	37	10	8.13	9.32	7.87
Plant, Property, & Equipment, net	186	168	148	115	115	108	31	18	13	9.65
Total Noncurrent Assets	687	677	655	540	553	558	217	120	120	130
Goodwill	296	284	281	212	210	203	102	54	42	43
Intangible Assets	139	161	190	159	169	184	55	33	28	34
Other Noncurrent Operating Assets	252	232	184	169	123	128	6.87	3.05	1.84	1.73
Total Liabilities & Shareholders' Equity	2,262	2,557	1,992	1,817	1,648	1,532	816	733	572	463
Total Liabilities	1,055	1,413	926	946	832	855	209	213	179	199
Total Current Liabilities	314	336	393	370	296	320	110	106	95	104
Short-Term Debt	0.00	20	20	20	18	18	0.00	-	-	-
Accounts Payable	144	142	170	194	125	171	40	48	46	27
Accrued Expenses	74	67	77	63	50	42	-	-	-	-
Current Deferred Revenue	11	16	26	22	12	11	7.35	6.40	5.77	3.21
Current Employee Benefit Liabilities	68	74	83	56	63	52	22	18	13	9.18
Other Current Liabilities	18	18	17	16	17	18	23	20	15	14
Total Noncurrent Liabilities	745	1,077	533	576	536	535	99	107	84	95
Long-Term Debt	565	896	353	373	305	322	0.00	-	-	-
Noncurrent Employee Benefit Liabilities	53	49	44	67	80	68	19	-	-	-
Other Noncurrent Operating Liabilities	127	132	136	136	121	111	18	36	21	19
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-
Total Equity & Noncontrolling Interests	1,203	1,144	1,066	871	815	677	607	521	392	264
Total Preferred & Common Equity	1,203	1,144	1,066	871	815	677	607	521	392	264
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,203	1,144	1,066	871	815	677	607	521	392	264
Common Stock	189	148	135	116	105	105	97	185	204	195
Retained Earnings	1,027	990	915	756	712	578	513	333	195	68
Accumulated Other Comprehensive Income / (Loss)	-12	6.11	16	-1.22	-2.61	-5.90	-3.45	2.53	-6.93	0.53
Other Equity Adjustments	-0.91	0.00	-	-	-	-	-	-	-	-

This table presents Advanced Energy Industries' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	2,302	2,193	2,542	2,524	2,494	1,950	2,009	1,974
Total Current Assets	1,414	1,346	1,678	1,672	1,673	1,153	1,210	1,182
Cash & Equivalents	723	657	986	1,018	986	455	462	409
Accounts Receivable	277	259	262	248	270	259	292	307
Inventories, net	369	378	383	361	364	392	402	409
Other Current Assets	46	51	46	45	53	47	55	56
Plant, Property, & Equipment, net	194	182	181	175	162	159	153	137
Total Noncurrent Assets	694	665	683	677	659	638	646	656
Goodwill	297	299	297	281	282	283	283	279
Intangible Assets	134	145	152	154	168	175	183	196
Other Noncurrent Operating Assets	263	221	234	242	209	179	180	136
Total Liabilities & Shareholders' Equity	2,302	2,193	2,542	2,524	2,494	1,950	2,009	1,974
Total Liabilities	1,068	1,028	1,377	1,381	1,393	825	913	984
Total Current Liabilities	319	292	307	298	315	303	384	433
Accounts Payable	157	133	158	138	140	149	186	220
Accrued Expenses	82	66	47	60	51	44	78	45
Current Deferred Revenue	14	11	12	14	17	15	29	25
Current Employee Benefit Liabilities	48	63	54	49	69	60	56	74
Other Current Liabilities	19	18	16	17	17	15	16	16
Total Noncurrent Liabilities	753	737	1,070	1,083	1,078	521	529	551
Long-Term Debt	565	564	887	891	900	344	348	358
Noncurrent Employee Benefit Liabilities	56	50	48	49	44	46	45	58
Other Noncurrent Operating Liabilities	132	123	135	143	134	132	135	126
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,230	1,164	1,165	1,143	1,101	1,125	1,096	990
Total Preferred & Common Equity	1,230	1,164	1,165	1,143	1,101	1,125	1,096	989
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,230	1,164	1,165	1,143	1,101	1,125	1,096	989
Common Stock	193	181	170	154	139	147	139	128
Retained Earnings	1,047	982	1,002	991	956	966	942	876
Accumulated Other Comprehensive Income / (Loss)	-7.30	2.09	-6.82	-1.86	5.39	12	14	-15
Other Equity Adjustments	-2.60	-	-	-	-	-	-	-

This table displays calculated financial ratios and metrics derived from Advanced Energy Industries' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-10.49%	-10.27%	26.75%	2.83%	79.46%	9.75%	7.14%	38.72%	16.61%	12.93%
EBITDA Growth	-40.57%	-41.20%	49.35%	-0.58%	120.61%	-49.81%	-10.43%	52.78%	18.92%	18.46%
EBIT Growth	-69.07%	-54.30%	61.31%	-3.99%	135.36%	-61.02%	-13.03%	54.74%	21.47%	22.60%
NOPAT Growth	-67.58%	-37.64%	41.68%	-8.66%	228.96%	-68.77%	6.22%	19.02%	37.18%	21.39%
Net Income Growth	-57.74%	-35.75%	48.15%	0.04%	107.36%	-55.83%	6.71%	8.17%	180.42%	-437.33%
EPS Growth	-57.94%	-35.73%	50.71%	0.29%	107.10%	-54.81%	9.04%	7.86%	181.75%	-441.23%
Operating Cash Flow Growth	-37.42%	13.81%	30.90%	-30.31%	315.85%	-68.01%	-17.20%	53.16%	13.92%	35.70%
Free Cash Flow Firm Growth	-89.77%	231.14%	-192.04%	-55.97%	145.13%	-74,414.93%	-100.35%	22.13%	-5.07%	-51.27%
Invested Capital Growth	3.00%	3.53%	36.24%	10.01%	-1.93%	156.93%	130.30%	-1.89%	1.03%	-24.22%
Revenue Q/Q Growth	0.69%	-4.91%	5.36%	1.82%	2.36%	30.44%	-3.37%	7.00%	11.13%	56.61%
EBITDA Q/Q Growth	41.23%	-20.29%	5.26%	-1.06%	19.57%	4.07%	-16.48%	11.10%	21.38%	-19.24%
EBIT Q/Q Growth	390.33%	-30.01%	5.40%	-2.27%	25.57%	-4.40%	-18.13%	11.22%	23.20%	-24.67%
NOPAT Q/Q Growth	49.13%	-10.14%	4.69%	-5.61%	28.17%	-4.81%	48.40%	-34.05%	30.97%	-18.05%
Net Income Q/Q Growth	26.54%	-4.64%	2.10%	-1.63%	30.63%	-12.33%	49.94%	-34.89%	6.71%	14.53%
EPS Q/Q Growth	25.44%	-4.49%	2.32%	-1.13%	30.11%	-12.89%	50.20%	-34.79%	7.80%	14.13%
Operating Cash Flow Q/Q Growth	-1.00%	6.81%	24.67%	-18.82%	31.02%	-27.24%	-7.55%	4.90%	7.68%	13.94%
Free Cash Flow Firm Q/Q Growth	189.43%	46.29%	21.62%	-40.27%	39.19%	-0.67%	-102.02%	-7.65%	180.27%	-68.78%
Invested Capital Q/Q Growth	-2.36%	-1.88%	2.26%	4.53%	-1.37%	0.58%	1.46%	-37.81%	-7.24%	48.97%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	35.72%	35.78%	36.60%	36.56%	38.27%	40.01%	50.86%	53.11%	52.34%	52.28%
EBITDA Margin	7.21%	10.86%	16.57%	14.06%	14.54%	11.83%	25.87%	30.94%	28.09%	27.55%
Operating Margin	2.47%	6.87%	12.63%	10.42%	12.43%	6.89%	23.86%	29.92%	26.23%	25.71%
EBIT Margin	2.34%	6.76%	13.27%	10.43%	11.17%	8.52%	23.98%	29.54%	26.48%	25.42%
Profit (Net Income) Margin	3.66%	7.75%	10.82%	9.26%	9.52%	8.24%	20.46%	20.55%	26.35%	-38.21%
Tax Burden Percent	103.51%	104.76%	82.60%	90.63%	85.19%	96.70%	85.34%	69.56%	99.51%	-150.31%
Interest Burden Percent	151.28%	109.40%	98.70%	97.94%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	-7.50%	-6.77%	16.48%	9.42%	14.54%	15.92%	14.63%	31.33%	8.69%	20.83%
Return on Invested Capital (ROIC)	3.82%	12.16%	22.89%	20.00%	22.76%	9.87%	78.64%	121.11%	101.30%	64.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-6.56%	5.73%	18.67%	21.67%	41.12%	-0.90%	78.46%	121.11%	95.86%	166.36%
Return on Net Nonoperating Assets (RNNOA)	0.80%	-0.56%	-2.29%	-4.02%	-4.71%	0.25%	-52.55%	-90.90%	-62.42%	-106.92%
Return on Equity (ROE)	4.62%	11.61%	20.61%	15.98%	18.05%	10.12%	26.08%	30.21%	38.88%	-42.92%
Cash Return on Invested Capital (CROIC)	0.86%	8.70%	-7.78%	10.46%	24.71%	-78.07%	-0.26%	123.01%	100.28%	91.56%
Operating Return on Assets (OROA)	1.44%	4.92%	12.86%	8.76%	9.95%	5.72%	22.25%	30.38%	24.77%	18.38%
Return on Assets (ROA)	2.25%	5.64%	10.48%	7.78%	8.47%	5.53%	18.98%	21.13%	24.65%	-27.63%
Return on Common Equity (ROCE)	4.62%	11.61%	20.60%	15.97%	18.04%	10.11%	26.07%	30.21%	38.88%	-42.92%
Return on Equity Simple (ROE_SIMPLE)	4.51%	11.21%	18.73%	15.48%	16.54%	9.60%	24.24%	26.48%	32.51%	-60.13%
Net Operating Profit after Tax (NOPAT)	39	121	195	137	150	46	146	138	116	84
NOPAT Margin	2.66%	7.33%	10.55%	9.44%	10.62%	5.80%	20.37%	20.55%	23.95%	20.36%
Net Nonoperating Expense Percent (NNEP)	10.38%	6.43%	4.22%	-1.67%	-18.36%	10.76%	0.18%	0.00%	5.44%	-102.36%
Return On Investment Capital (ROIC_SIMPLE)	2.23%	5.89%	13.52%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	64.28%	64.22%	63.40%	63.44%	61.73%	59.99%	49.14%	46.89%	47.66%	47.72%
SG&A Expenses to Revenue	15.15%	13.35%	11.84%	13.19%	13.32%	18.07%	15.03%	13.90%	16.06%	15.93%
R&D to Revenue	14.29%	12.23%	10.35%	11.12%	10.17%	12.87%	10.57%	8.64%	9.19%	9.53%
Operating Expenses to Revenue	33.25%	28.91%	23.97%	26.14%	25.84%	33.12%	26.99%	23.19%	26.11%	26.57%
Earnings before Interest and Taxes (EBIT)	35	112	245	152	158	67	172	198	128	105
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	107	180	306	205	206	93	186	208	136	114
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.62	3.54	2.98	3.90	4.49	3.97	2.68	5.06	5.46	4.33
Price to Tangible Book Value (P/TBV)	5.67	5.79	5.35	6.80	8.39	9.28	3.62	6.08	6.65	6.11
Price to Revenue (P/Rev)	2.94	2.44	1.72	2.33	2.58	3.41	2.26	3.93	4.43	2.75
Price to Earnings (P/E)	80.35	31.54	15.94	25.19	27.15	41.41	11.07	19.13	16.80	0.00
Dividend Yield	0.35%	0.37%	0.47%	0.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.24%	3.17%	6.27%	3.97%	3.68%	2.42%	9.03%	5.23%	5.95%	0.00%
Enterprise Value to Invested Capital (EV/IC)	4.01	3.86	3.16	4.51	5.34	4.02	4.92	19.74	16.13	8.54
Enterprise Value to Revenue (EV/Rev)	2.83	2.37	1.68	2.23	2.47	3.40	1.78	3.32	3.83	2.34
Enterprise Value to EBITDA (EV/EBITDA)	39.30	21.78	10.13	15.84	16.98	28.71	6.87	10.72	13.65	8.50
Enterprise Value to EBIT (EV/EBIT)	121.27	34.99	12.64	21.36	22.11	39.88	7.41	11.23	14.48	9.21
Enterprise Value to NOPAT (EV/NOPAT)	106.69	32.27	15.91	23.60	23.24	58.60	8.72	16.15	16.01	11.50
Enterprise Value to Operating Cash Flow (EV/OCF)	32.11	18.75	16.87	23.13	17.37	55.37	8.44	12.19	15.54	9.27
Enterprise Value to Free Cash Flow (EV/FCFF)	472.94	45.13	0.00	45.10	21.41	0.00	0.00	15.90	16.17	8.04
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.47	0.80	0.35	0.45	0.40	0.50	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.47	0.78	0.33	0.43	0.37	0.47	0.00	0.00	0.00	0.00
Financial Leverage	-0.12	-0.10	-0.12	-0.19	-0.11	-0.28	-0.67	-0.75	-0.65	-0.64
Leverage Ratio	2.05	2.06	1.97	2.05	2.13	1.83	1.37	1.43	1.58	1.55
Compound Leverage Factor	3.11	2.25	1.94	2.01	2.13	1.83	1.37	1.43	1.58	1.55
Debt to Total Capital	31.94%	44.45%	25.93%	31.07%	28.31%	33.36%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.97%	1.39%	1.58%	1.54%	1.72%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	31.94%	43.48%	24.54%	29.48%	26.78%	31.64%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.05%	0.05%	0.05%	0.08%	0.00%	0.00%	0.00%
Common Equity to Total Capital	68.06%	55.55%	74.07%	68.88%	71.63%	66.59%	99.92%	100.00%	100.00%	100.00%
Debt to EBITDA	5.29	5.09	1.22	1.92	1.56	3.63	0.00	0.00	0.00	0.00
Net Debt to EBITDA	-1.47	-0.72	-0.28	-0.74	-0.78	-0.11	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	5.29	4.98	1.16	1.82	1.48	3.44	0.00	0.00	0.00	0.00
Debt to NOPAT	14.35	7.54	1.92	2.86	2.14	7.41	0.00	0.00	0.00	0.00
Net Debt to NOPAT	-4.00	-1.06	-0.44	-1.10	-1.07	-0.22	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	14.35	7.38	1.81	2.71	2.02	7.03	0.00	0.00	0.00	0.00
Altman Z-Score	4.39	3.70	4.52	4.34	4.92	3.50	7.80	10.68	9.94	5.86
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.03%	0.07%	0.08%	0.08%	0.05%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.42	5.10	3.02	3.14	3.31	2.71	5.15	5.61	4.61	3.10
Quick Ratio	3.14	3.95	1.93	2.11	2.42	1.86	4.10	4.69	3.81	2.17
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	8.88	87	-66	72	163	-362	-0.49	140	115	121
Operating Cash Flow to CapEx	230.24%	342.49%	311.77%	544.28%	553.39%	192.12%	744.08%	2,020.58%	1,748.82%	2,608.59%
Free Cash Flow to Firm to Interest Expense	0.35	5.24	-9.04	20.11	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	5.21	12.61	25.06	39.22	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	2.95	8.93	17.02	32.01	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.62	0.73	0.97	0.84	0.89	0.67	0.93	1.03	0.94	0.72
Accounts Receivable Turnover	5.41	5.68	6.86	6.16	5.88	4.55	7.65	8.23	7.41	6.19
Inventory Turnover	2.74	2.99	3.28	3.30	3.87	2.89	4.00	4.69	4.26	4.01
Fixed Asset Turnover	8.39	10.48	14.02	12.68	12.71	11.32	29.30	43.11	42.09	42.76
Accounts Payable Turnover	6.68	6.81	6.43	5.79	5.91	4.50	8.05	6.66	6.27	7.64
Days Sales Outstanding (DSO)	67.45	64.27	53.20	59.21	62.10	80.27	47.69	44.36	49.28	58.96
Days Inventory Outstanding (DIO)	133.43	122.22	111.45	110.60	94.25	126.48	91.14	77.85	85.76	90.97
Days Payable Outstanding (DPO)	54.66	53.60	56.81	63.02	61.79	81.10	45.37	54.77	58.18	47.75
Cash Conversion Cycle (CCC)	146.22	132.89	107.83	106.80	94.56	125.65	93.47	67.44	76.86	102.18
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,046	1,015	981	720	654	667	260	113	115	114
Invested Capital Turnover	1.44	1.66	2.17	2.12	2.14	1.70	3.86	5.89	4.23	3.14
Increase / (Decrease) in Invested Capital	30	35	261	65	-13	408	147	-2.17	1.17	-36
Enterprise Value (EV)	4,199	3,917	3,096	3,243	3,496	2,680	1,277	2,226	1,854	971
Market Capitalization	4,356	4,046	3,182	3,394	3,657	2,689	1,628	2,637	2,141	1,142
Book Value per Share	$31.94	$30.69	$28.52	$23.12	$21.29	$17.65	$15.77	$13.13	$9.88	$6.42
Tangible Book Value per Share	$20.38	$18.75	$15.92	$13.25	$11.39	$7.56	$11.69	$10.93	$8.11	$4.55
Total Capital	1,768	2,060	1,440	1,264	1,137	1,016	607	521	392	264
Total Debt	565	916	373	393	322	339	0.00	0.00	0.00	0.00
Total Long-Term Debt	565	896	353	373	305	322	0.00	0.00	0.00	0.00
Net Debt	-157	-129	-86	-152	-161	-10	-352	-410	-287	-170
Capital Expenditures (CapEx)	57	61	59	26	36	25	20	9.04	6.82	4.01
Debt-free, Cash-free Net Working Capital (DFCFNWC)	353	351	357	268	218	215	106	79	57	48
Debt-free Net Working Capital (DFNWC)	1,075	1,396	815	812	701	564	458	489	343	219
Net Working Capital (NWC)	1,075	1,376	795	792	684	546	458	489	343	219
Net Nonoperating Expense (NNE)	-15	-6.90	-5.01	2.62	16	-19	-0.66	0.01	-12	243
Net Nonoperating Obligations (NNO)	-157	-129	-86	-152	-161	-10	-348	-408	-277	-150
Total Depreciation and Amortization (D&A)	72	68	61	53	48	26	14	9.42	7.81	8.83
Debt-free, Cash-free Net Working Capital to Revenue	23.82%	21.23%	19.33%	18.38%	15.42%	27.23%	14.80%	11.73%	11.70%	11.59%
Debt-free Net Working Capital to Revenue	72.54%	84.31%	44.19%	55.77%	49.54%	71.48%	63.73%	72.89%	70.97%	52.68%
Net Working Capital to Revenue	72.54%	83.10%	43.11%	54.40%	48.30%	69.26%	63.73%	72.89%	70.97%	52.68%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.45	$3.42	$5.33	$3.53	$3.52	$0.00	$0.00	$3.47	$3.21	$0.00
Adjusted Weighted Average Basic Shares Outstanding	37.48M	37.48M	37.46M	38.14M	38.31M	0.00	0.00	39.75M	39.72M	0.00
Adjusted Diluted Earnings per Share	$1.43	$3.40	$5.29	$3.51	$3.50	$0.00	$0.00	$3.43	$3.18	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	37.84M	37.75M	37.72M	38.36M	38.54M	0.00	0.00	40.18M	40.03M	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	37.72M	37.32M	37.47M	37.56M	38.30M	0.00	0.00	39.63M	39.73M	0.00
Normalized Net Operating Profit after Tax (NOPAT)	47	98	200	142	162	50	150	138	116	85
Normalized NOPAT Margin	3.16%	5.95%	10.86%	9.73%	11.42%	6.33%	20.87%	20.55%	23.95%	20.39%
Pre Tax Income Margin	3.53%	7.40%	13.10%	10.21%	11.17%	8.52%	23.98%	29.54%	26.48%	25.42%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.38	6.76	33.44	42.46	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	1.57	7.33	26.58	38.42	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-0.88	3.07	25.40	35.25	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-0.69	3.65	18.54	31.22	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	28.35%	11.87%	7.61%	11.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	31.61%	43.05%	20.95%	69.38%	8.63%	0.00%	64.66%	21.76%	0.00%	-31.55%

This table displays calculated financial ratios and metrics derived from Advanced Energy Industries' official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	23.54%	2.50%	-8.73%	-12.17%	-22.95%	-17.42%	-20.59%	-5.77%	6.94%	23.63%	49.17%
EBITDA Growth	118.91%	96.11%	-99.74%	-33.75%	-64.14%	-61.97%	-52.16%	-33.28%	-4.19%	24.68%	167.30%
EBIT Growth	1,082.61%	260.35%	-160.13%	-55.83%	-94.68%	-81.93%	-63.12%	-45.00%	-11.83%	27.24%	250.19%
NOPAT Growth	3,580.87%	27.65%	-126.39%	-57.54%	-98.39%	-32.27%	-56.36%	-39.85%	-14.31%	21.70%	225.50%
Net Income Growth	357.41%	30.32%	-145.55%	-44.62%	-83.13%	-14.27%	-55.89%	-39.68%	-15.89%	10.39%	253.05%
EPS Growth	364.29%	29.00%	-146.51%	-44.44%	-82.93%	-13.79%	-56.35%	-39.50%	-15.46%	11.54%	258.18%
Operating Cash Flow Growth	295.89%	-1.57%	-53.03%	-70.30%	-75.57%	18.84%	11.05%	-40.16%	203.54%	105.73%	258.86%
Free Cash Flow Firm Growth	68.08%	546.67%	5.19%	42.55%	83.67%	98.88%	77.14%	65.72%	-166.67%	-707.41%	-4,359.67%
Invested Capital Growth	3.48%	3.00%	3.51%	5.10%	3.39%	3.53%	7.90%	10.52%	30.95%	36.24%	39.27%
Revenue Q/Q Growth	-2.60%	11.01%	2.54%	11.44%	-19.20%	-1.15%	-1.33%	-2.24%	-13.39%	-4.95%	17.08%
EBITDA Q/Q Growth	-20.74%	44,310.40%	-99.60%	58.32%	-19.87%	-42.03%	3.07%	-14.30%	-25.73%	-27.07%	43.75%
EBIT Q/Q Growth	-28.70%	298.82%	-241.02%	561.77%	-74.20%	-66.82%	3.58%	-20.26%	-34.05%	-32.29%	54.45%
NOPAT Q/Q Growth	-38.02%	631.68%	-171.73%	1,984.26%	-98.39%	9.94%	15.40%	-21.13%	-32.30%	-29.16%	59.04%
Net Income Q/Q Growth	-49.46%	427.90%	-199.17%	188.13%	-86.09%	14.61%	20.56%	-12.23%	-29.32%	-41.03%	64.87%
EPS Q/Q Growth	-49.61%	422.50%	-200.00%	185.71%	-86.00%	16.28%	19.44%	-12.20%	-29.31%	-41.12%	65.55%
Operating Cash Flow Q/Q Growth	-65.05%	142.76%	407.33%	-7.81%	-91.33%	15.84%	220.84%	-24.18%	-57.83%	8.24%	72.88%
Free Cash Flow Firm Q/Q Growth	-199.78%	124.16%	-5.10%	-25.32%	-1,303.62%	94.87%	36.32%	64.37%	4.00%	-4.94%	4.50%
Invested Capital Q/Q Growth	2.57%	-2.36%	-1.39%	4.79%	2.10%	-1.88%	0.12%	3.08%	2.24%	2.26%	2.55%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	37.20%	37.24%	35.83%	35.00%	34.45%	35.25%	35.94%	35.40%	36.49%	36.23%	37.04%
EBITDA Margin	10.87%	13.36%	0.03%	8.60%	6.05%	6.98%	11.91%	11.40%	13.01%	15.17%	19.77%
Operating Margin	7.56%	8.19%	-2.95%	3.55%	0.21%	3.40%	7.33%	7.18%	9.42%	11.84%	15.03%
EBIT Margin	6.72%	9.18%	-5.13%	3.73%	0.63%	2.61%	7.78%	7.41%	9.09%	11.94%	16.76%
Profit (Net Income) Margin	6.10%	11.77%	-3.98%	4.12%	1.59%	9.25%	7.98%	6.53%	7.27%	8.91%	14.37%
Tax Burden Percent	82.61%	120.44%	102.46%	80.07%	68.87%	231.52%	94.77%	84.16%	78.30%	78.96%	85.74%
Interest Burden Percent	109.93%	106.38%	75.82%	137.95%	368.39%	153.01%	108.20%	104.68%	102.21%	94.57%	100.00%
Effective Tax Rate	16.72%	-20.90%	0.00%	16.86%	23.59%	-133.92%	2.53%	14.87%	19.59%	18.15%	13.45%
Return on Invested Capital (ROIC)	9.31%	14.23%	-2.89%	4.20%	0.24%	13.19%	12.48%	11.47%	16.05%	21.03%	27.65%
ROIC Less NNEP Spread (ROIC-NNEP)	9.90%	8.82%	6.11%	-0.78%	-4.47%	8.25%	5.43%	7.17%	17.16%	24.25%	20.00%
Return on Net Nonoperating Assets (RNNOA)	-1.10%	-1.08%	-0.43%	0.06%	0.40%	-0.80%	-0.25%	-0.28%	-1.97%	-2.97%	-2.01%
Return on Equity (ROE)	8.21%	13.16%	-3.32%	4.26%	0.64%	12.39%	12.23%	11.18%	14.08%	18.06%	25.64%
Cash Return on Invested Capital (CROIC)	2.93%	0.86%	-0.94%	1.57%	5.11%	8.70%	5.95%	7.54%	-5.38%	-7.78%	-10.25%
Operating Return on Assets (OROA)	4.34%	5.65%	-3.22%	2.50%	0.43%	1.90%	6.07%	7.16%	8.86%	11.56%	15.42%
Return on Assets (ROA)	3.94%	7.24%	-2.50%	2.76%	1.10%	6.74%	6.22%	6.31%	7.09%	8.64%	13.22%
Return on Common Equity (ROCE)	8.21%	13.16%	-3.32%	4.26%	0.64%	12.39%	12.23%	11.18%	14.07%	18.06%	25.62%
Return on Equity Simple (ROE_SIMPLE)	5.98%	0.00%	3.68%	7.77%	8.98%	0.00%	12.22%	15.64%	17.69%	0.00%	19.77%
Net Operating Profit after Tax (NOPAT)	25	41	-7.73	11	0.52	32	29	25	32	48	67
NOPAT Margin	6.30%	9.90%	-2.07%	2.95%	0.16%	7.95%	7.15%	6.11%	7.57%	9.69%	13.00%
Net Nonoperating Expense Percent (NNEP)	-0.59%	5.42%	-9.00%	4.98%	4.71%	4.93%	7.05%	4.30%	-1.11%	-3.21%	7.65%
Return On Investment Capital (ROIC_SIMPLE)	1.42%	2.33%	-	-	-	1.56%	-	-	-	3.30%	-
Cost of Revenue to Revenue	62.80%	62.76%	64.17%	65.00%	65.55%	64.75%	64.06%	64.60%	63.51%	63.77%	62.96%
SG&A Expenses to Revenue	14.58%	14.00%	15.03%	15.07%	16.83%	13.55%	13.45%	13.38%	13.02%	11.70%	10.99%
R&D to Revenue	13.40%	13.51%	14.31%	14.34%	15.22%	12.10%	12.29%	12.37%	12.14%	10.11%	9.64%
Operating Expenses to Revenue	29.63%	29.05%	38.78%	31.45%	34.25%	31.85%	28.61%	28.22%	27.07%	24.39%	22.01%
Earnings before Interest and Taxes (EBIT)	27	38	-19	14	2.06	11	32	31	39	59	87
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	44	56	0.13	31	20	28	49	47	55	74	102
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.92	3.62	3.40	3.50	3.32	3.54	3.51	3.70	3.33	2.98	2.90
Price to Tangible Book Value (P/TBV)	4.50	5.67	5.51	5.69	5.37	5.79	5.94	6.25	5.79	5.35	5.58
Price to Revenue (P/Rev)	2.31	2.94	2.69	2.70	2.44	2.44	2.22	2.26	1.95	1.72	1.64
Price to Earnings (P/E)	48.91	80.35	92.54	45.01	37.03	31.54	28.75	23.68	18.85	15.94	14.68
Dividend Yield	0.42%	0.35%	0.38%	0.37%	0.39%	0.37%	0.39%	0.36%	0.41%	0.47%	0.52%
Earnings Yield	2.04%	1.24%	1.08%	2.22%	2.70%	3.17%	3.48%	4.22%	5.30%	6.27%	6.81%
Enterprise Value to Invested Capital (EV/IC)	3.20	4.01	3.61	3.68	3.56	3.86	3.67	3.94	3.55	3.16	2.96
Enterprise Value to Revenue (EV/Rev)	2.20	2.83	2.63	2.65	2.37	2.37	2.18	2.21	1.90	1.68	1.62
Enterprise Value to EBITDA (EV/EBITDA)	26.29	39.30	51.17	31.78	25.94	21.78	16.85	14.61	11.76	10.13	9.78
Enterprise Value to EBIT (EV/EBIT)	57.75	121.27	548.28	68.67	48.99	34.99	23.77	19.00	14.85	12.64	12.23
Enterprise Value to NOPAT (EV/NOPAT)	51.34	106.69	146.71	57.62	42.92	32.27	28.14	23.61	18.80	15.91	15.28
Enterprise Value to Operating Cash Flow (EV/OCF)	22.56	32.11	29.31	23.42	19.81	18.75	19.43	21.63	17.49	16.87	19.29
Enterprise Value to Free Cash Flow (EV/FCFF)	111.42	472.94	0.00	240.34	70.92	45.13	64.07	54.88	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.46	0.47	0.48	0.78	0.80	0.80	0.84	0.32	0.34	0.35	0.38
Long-Term Debt to Equity	0.46	0.47	0.48	0.76	0.78	0.78	0.82	0.31	0.32	0.33	0.36
Financial Leverage	-0.11	-0.12	-0.07	-0.07	-0.09	-0.10	-0.05	-0.04	-0.11	-0.12	-0.10
Leverage Ratio	2.03	2.05	2.07	1.96	2.02	2.06	2.14	1.87	1.92	1.97	2.08
Compound Leverage Factor	2.24	2.18	1.57	2.71	7.46	3.15	2.31	1.95	1.97	1.86	2.08
Debt to Total Capital	31.49%	31.94%	32.63%	43.78%	44.37%	44.45%	45.52%	24.42%	25.16%	25.93%	27.64%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.97%	0.97%	0.97%	0.99%	1.34%	1.37%	1.39%	1.46%
Long-Term Debt to Total Capital	31.49%	31.94%	32.63%	42.82%	43.39%	43.48%	44.53%	23.07%	23.79%	24.54%	26.18%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.05%
Common Equity to Total Capital	68.51%	68.06%	67.37%	56.22%	55.63%	55.55%	54.48%	75.58%	74.84%	74.07%	72.31%
Debt to EBITDA	4.32	5.29	7.46	7.22	6.40	5.09	4.08	1.30	1.22	1.22	1.30
Net Debt to EBITDA	-1.21	-1.47	-1.23	-0.63	-0.75	-0.72	-0.29	-0.33	-0.31	-0.28	-0.11
Long-Term Debt to EBITDA	4.32	5.29	7.46	7.06	6.26	4.98	3.99	1.23	1.15	1.16	1.23
Debt to NOPAT	8.44	14.35	21.37	13.09	10.60	7.54	6.81	2.11	1.95	1.92	2.03
Net Debt to NOPAT	-2.35	-4.00	-3.54	-1.14	-1.24	-1.06	-0.49	-0.53	-0.49	-0.44	-0.17
Long-Term Debt to NOPAT	8.44	14.35	21.37	12.80	10.36	7.38	6.66	1.99	1.84	1.81	1.93
Altman Z-Score	3.94	4.39	4.16	3.58	3.47	3.57	3.60	5.25	4.55	4.21	3.86
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.03%	0.03%	0.03%	0.03%	0.07%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.43	4.42	4.62	5.47	5.61	5.10	5.32	3.80	3.15	3.02	2.73
Quick Ratio	3.13	3.14	3.14	4.07	4.25	3.95	3.99	2.35	1.96	1.93	1.65
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-11	11	-44	-42	-33	-2.38	-46	-73	-205	-213	-203
Operating Cash Flow to CapEx	207.91%	648.89%	269.50%	45.44%	43.80%	590.62%	551.10%	129.81%	183.91%	364.77%	465.43%
Free Cash Flow to Firm to Interest Expense	-2.53	2.29	-6.91	-6.03	-4.69	-0.33	-12.29	-25.53	-75.01	0.00	0.00
Operating Cash Flow to Interest Expense	6.88	17.81	5.34	0.97	1.02	11.67	19.18	7.91	10.92	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	3.57	15.06	3.36	-1.16	-1.31	9.69	15.70	1.82	4.98	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.65	0.62	0.63	0.67	0.69	0.73	0.78	0.97	0.98	0.97	0.92
Accounts Receivable Turnover	5.95	5.41	5.56	5.79	5.78	5.68	6.03	6.98	6.93	6.86	6.65
Inventory Turnover	2.72	2.74	2.57	2.52	2.64	2.99	2.88	2.98	3.11	3.28	2.97
Fixed Asset Turnover	8.44	8.39	8.57	8.88	9.50	10.48	11.68	12.93	13.87	14.02	13.94
Accounts Payable Turnover	6.74	6.68	6.98	6.37	6.23	6.81	6.19	6.78	6.43	6.43	5.44
Days Sales Outstanding (DSO)	61.36	67.45	65.68	63.09	63.14	64.27	60.51	52.31	52.65	53.20	54.92
Days Inventory Outstanding (DIO)	134.30	133.43	141.83	144.87	138.10	122.22	126.71	122.29	117.24	111.45	123.00
Days Payable Outstanding (DPO)	54.19	54.66	52.27	57.31	58.61	53.60	59.00	53.85	56.74	56.81	67.16
Cash Conversion Cycle (CCC)	141.46	146.22	155.25	150.65	142.63	132.89	128.23	120.74	113.15	107.83	110.76
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,073	1,046	1,071	1,086	1,037	1,015	1,035	1,034	1,003	981	959
Invested Capital Turnover	1.48	1.44	1.40	1.42	1.53	1.66	1.75	1.88	2.12	2.17	2.13
Increase / (Decrease) in Invested Capital	36	30	36	53	34	35	76	98	237	261	270
Enterprise Value (EV)	3,438	4,199	3,871	3,993	3,692	3,917	3,802	4,075	3,561	3,096	2,841
Market Capitalization	3,595	4,356	3,965	4,072	3,798	4,046	3,868	4,167	3,654	3,182	2,872
Book Value per Share	$32.62	$31.94	$30.91	$31.12	$30.59	$30.69	$29.24	$29.98	$29.25	$28.52	$26.48
Tangible Book Value per Share	$21.18	$20.38	$19.11	$19.12	$18.94	$18.75	$17.29	$17.77	$16.83	$15.92	$13.77
Total Capital	1,796	1,768	1,728	2,072	2,054	2,060	2,021	1,489	1,464	1,440	1,368
Total Debt	565	565	564	907	911	916	920	364	368	373	378
Total Long-Term Debt	565	565	564	887	891	896	900	344	348	353	358
Net Debt	-158	-157	-93	-79	-106	-129	-66	-92	-93	-86	-31
Capital Expenditures (CapEx)	14	13	13	15	17	14	13	17	16	19	14
Debt-free, Cash-free Net Working Capital (DFCFNWC)	372	353	397	405	376	351	393	415	384	357	360
Debt-free Net Working Capital (DFNWC)	1,095	1,075	1,054	1,391	1,394	1,396	1,379	870	846	815	769
Net Working Capital (NWC)	1,095	1,075	1,054	1,371	1,374	1,376	1,359	850	826	795	749
Net Nonoperating Expense (NNE)	0.78	-7.76	7.17	-4.25	-4.70	-5.29	-3.42	-1.75	1.27	3.81	-7.04
Net Nonoperating Obligations (NNO)	-158	-157	-93	-79	-106	-129	-66	-92	-93	-86	-31
Total Depreciation and Amortization (D&A)	17	17	19	18	18	18	17	17	17	16	16
Debt-free, Cash-free Net Working Capital to Revenue	23.86%	23.82%	26.97%	26.85%	24.12%	21.23%	22.55%	22.44%	20.52%	19.33%	20.54%
Debt-free Net Working Capital to Revenue	70.23%	72.54%	71.62%	92.26%	89.44%	84.31%	79.18%	47.08%	45.17%	44.19%	43.89%
Net Working Capital to Revenue	70.23%	72.54%	71.62%	90.93%	88.15%	83.10%	78.03%	45.99%	44.10%	43.11%	42.75%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.66	$1.31	($0.40)	$0.40	$0.14	$1.00	$0.87	$0.72	$0.83	$1.17	$1.98
Adjusted Weighted Average Basic Shares Outstanding	37.60M	37.48M	37.53M	37.47M	37.36M	37.48M	37.58M	37.57M	37.48M	37.46M	37.38M
Adjusted Diluted Earnings per Share	$0.65	$1.29	($0.40)	$0.40	$0.14	$1.00	$0.86	$0.72	$0.82	$1.16	$1.97
Adjusted Weighted Average Diluted Shares Outstanding	38.10M	37.84M	37.53M	37.78M	37.69M	37.75M	37.85M	37.80M	37.76M	37.72M	37.63M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	37.66M	37.72M	37.67M	37.67M	37.44M	37.32M	37.28M	37.65M	37.53M	37.47M	37.38M
Normalized Net Operating Profit after Tax (NOPAT)	26	24	12	11	0.70	22	34	28	33	52	67
Normalized NOPAT Margin	6.55%	5.88%	3.27%	3.10%	0.22%	5.50%	8.27%	6.76%	7.77%	10.63%	13.02%
Pre Tax Income Margin	7.39%	9.77%	-3.89%	5.14%	2.31%	4.00%	8.42%	7.76%	9.29%	11.29%	16.76%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	6.48	8.21	-3.01	1.96	0.29	1.47	8.44	10.78	14.15	0.00	0.00
NOPAT to Interest Expense	6.07	8.85	-1.21	1.55	0.07	4.48	7.75	8.88	11.79	0.00	0.00
EBIT Less CapEx to Interest Expense	3.17	5.47	-4.99	-0.17	-2.04	-0.51	4.96	4.69	8.21	0.00	0.00
NOPAT Less CapEx to Interest Expense	2.76	6.11	-3.19	-0.57	-2.26	2.50	4.27	2.79	5.86	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	20.91%	28.35%	35.78%	16.90%	14.84%	11.87%	11.31%	8.64%	7.86%	7.61%	7.78%
Augmented Payout Ratio	23.99%	31.61%	39.91%	16.90%	14.84%	43.05%	41.55%	8.64%	7.86%	20.95%	32.04%

Frequently Asked Questions About Advanced Energy Industries' Financials

When does Advanced Energy Industries's fiscal year end?

According to the most recent income statement we have on file, Advanced Energy Industries' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Advanced Energy Industries' net income changed over the last 9 years?

Advanced Energy Industries' net income appears to be on an upward trend, with a most recent value of $54.21 million in 2024, falling from -$158.49 million in 2015. The previous period was $128.28 million in 2023. Find out what analysts predict for Advanced Energy Industries in the coming months.

What is Advanced Energy Industries's operating income?

Advanced Energy Industries's total operating income in 2024 was $36.61 million, based on the following breakdown:

Total Gross Profit: $529.34 million
Total Operating Expenses: $492.74 million

How has Advanced Energy Industries revenue changed over the last 9 years?

Over the last 9 years, Advanced Energy Industries' total revenue changed from $414.81 million in 2015 to $1.48 billion in 2024, a change of 257.3%.

How much debt does Advanced Energy Industries have?

Advanced Energy Industries' total liabilities were at $1.06 billion at the end of 2024, a 25.3% decrease from 2023, and a 430.4% increase since 2015.

How much cash does Advanced Energy Industries have?

In the past 9 years, Advanced Energy Industries' cash and equivalents has ranged from $158.44 million in 2015 to $1.04 billion in 2023, and is currently $722.09 million as of their latest financial filing in 2024.

How has Advanced Energy Industries' book value per share changed over the last 9 years?

Over the last 9 years, Advanced Energy Industries' book value per share changed from 6.42 in 2015 to 31.94 in 2024, a change of 397.3%.

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This page (NASDAQ:AEIS) was last updated on 5/29/2025 by MarketBeat.com Staff

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Advanced Energy Industries (AEIS) Financials

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Advanced Energy Industries (AEIS) Financials

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