Advanced Energy Industries (AEIS) Financials

$107.52 -2.52 (-2.29%)

Closing price 05/6/2025 03:59 PM Eastern

Extended Trading

$106.00 -1.52 (-1.41%)

As of 07:38 AM 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-158	127	138	147	65	135	135	200	128	54
Consolidated Net Income / (Loss)	-158	127	138	147	65	135	135	200	128	54
Net Income / (Loss) Continuing Operations	83	117	136	147	56	135	135	202	131	56
Total Pre-Tax Income	105	128	198	172	67	158	149	242	122	52
Total Operating Income	107	127	201	172	54	176	152	233	114	37
Total Gross Profit	217	253	356	366	316	542	532	676	592	529
Total Revenue	415	484	671	719	789	1,416	1,456	1,845	1,656	1,482
Operating Revenue	415	484	671	719	789	1,416	1,456	1,845	1,656	1,482
Total Cost of Revenue	198	231	315	353	473	874	924	1,170	1,063	953
Operating Cost of Revenue	198	231	315	353	473	874	924	1,170	1,063	953
Total Operating Expenses	110	126	156	194	261	366	381	442	479	493
Selling, General & Admin Expense	66	78	93	108	143	189	192	218	221	225
Research & Development Expense	40	44	58	76	102	144	162	191	202	212
Amortization Expense	4.37	4.17	4.35	5.77	12	20	22	26	28	26
Restructuring Charge	0.20	0.00	0.00	4.24	5.04	13	4.75	6.81	27	30
Total Other Income / (Expense), net	-1.21	1.22	-2.58	0.82	13	-18	-2.97	8.65	8.77	16
Interest Expense	-	-	-	-	-	-	3.58	7.33	17	25
Interest & Investment Income	-	-	-	-	-	-	0.45	4.15	27	43
Other Income / (Expense), net	-1.21	1.22	-2.58	0.82	13	-18	0.15	12	-1.76	-1.99
Income Tax Expense	22	11	62	25	11	23	14	40	-8.29	-3.93
Net Income / (Loss) Discontinued Operations	-242	11	1.76	-0.04	8.48	-0.42	0.07	-2.22	-2.47	-2.09
Net Income / (Loss) Attributable to Noncontrolling Interest	-	0.00	0.00	0.09	0.03	0.06	0.04	0.02	0.00	0.00
Basic Earnings per Share	($3.89)	$3.21	$3.47	$3.76	$1.70	$3.52	$3.53	$5.33	$3.42	$1.45
Weighted Average Basic Shares Outstanding	40.75M	39.72M	39.75M	39.08M	38.28M	38.31M	38.14M	37.46M	37.48M	37.48M
Diluted Earnings per Share	($3.89)	$3.18	$3.43	$3.74	$1.69	$3.50	$3.51	$5.29	$3.40	$1.43
Weighted Average Diluted Shares Outstanding	41.08M	40.03M	40.18M	39.35M	38.50M	38.54M	38.36M	37.72M	37.75M	37.84M
Weighted Average Basic & Diluted Shares Outstanding	40.70M	39.70M	39.70M	39.10M	38.41M	38.30M	37.56M	37.47M	37.32M	37.72M
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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	74	44	31	27	33	38	5.22	15	-15	49	25
Consolidated Net Income / (Loss)	74	44	31	27	33	38	5.22	15	-15	49	25
Net Income / (Loss) Continuing Operations	75	45	32	27	34	38	5.79	16	-14	49	25
Total Pre-Tax Income	87	55	39	32	35	16	7.57	19	-15	41	30
Total Operating Income	78	58	40	30	30	14	0.68	13	-11	34	31
Total Gross Profit	191	178	155	147	147	143	113	128	134	155	151
Total Revenue	516	491	425	416	410	405	327	365	374	415	405
Operating Revenue	516	491	425	416	410	405	327	365	374	415	405
Total Cost of Revenue	325	313	270	268	263	262	215	237	240	261	254
Operating Cost of Revenue	325	313	270	268	263	262	215	237	240	261	254
Total Operating Expenses	114	120	115	117	117	129	112	115	145	121	120
Selling, General & Admin Expense	57	57	55	56	55	55	55	55	56	58	59
Research & Development Expense	50	50	52	51	50	49	50	52	54	56	54
Amortization Expense	7.05	7.03	7.06	7.08	7.05	7.07	6.95	6.80	6.77	5.53	5.50
Restructuring Charge	0.12	5.64	1.04	3.15	4.71	18	0.25	0.63	29	0.90	1.20
Total Other Income / (Expense), net	8.94	-2.70	-0.55	2.43	4.46	2.43	6.90	5.80	-3.50	6.57	-0.70
Interest Expense	-	-	2.73	2.86	3.78	7.20	7.13	6.96	6.38	4.64	4.20
Interest & Investment Income	-	-	3.59	4.30	6.40	13	13	12	11	7.08	6.90
Other Income / (Expense), net	8.94	0.48	-1.41	0.98	1.85	-3.18	1.38	0.64	-8.14	4.14	-3.40
Income Tax Expense	12	10	7.74	4.80	0.87	-22	1.79	3.17	-0.40	-8.48	5.00
Net Income / (Loss) Discontinued Operations	-0.70	-1.60	-0.83	-0.32	-0.93	-0.39	-0.57	-0.58	-0.76	-0.19	-0.20
Basic Earnings per Share	$1.98	$1.17	$0.83	$0.72	$0.87	$1.00	$0.14	$0.40	($0.40)	$1.31	$0.66
Weighted Average Basic Shares Outstanding	37.38M	37.46M	37.48M	37.57M	37.58M	37.48M	37.36M	37.47M	37.53M	37.48M	37.60M
Diluted Earnings per Share	$1.97	$1.16	$0.82	$0.72	$0.86	$1.00	$0.14	$0.40	($0.40)	$1.29	$0.65
Weighted Average Diluted Shares Outstanding	37.63M	37.72M	37.76M	37.80M	37.85M	37.75M	37.69M	37.78M	37.53M	37.84M	38.10M
Weighted Average Basic & Diluted Shares Outstanding	37.38M	37.47M	37.53M	37.65M	37.28M	37.32M	37.44M	37.67M	37.67M	37.72M	37.66M
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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	44	120	126	-60	-8.11	134	64	-86	586	-322
Net Cash From Operating Activities	105	119	183	151	48	201	140	184	209	131
Net Cash From Continuing Operating Activities	124	127	190	151	48	202	141	184	213	133
Net Income / (Loss) Continuing Operations	83	234	136	147	56	135	135	202	131	56
Consolidated Net Income / (Loss)	-158	127	138	147	65	135	135	200	128	54
Net Income / (Loss) Discontinued Operations	-242	11	-1.76	0.04	8.48	-0.42	0.07	-2.22	-2.47	-2.09
Depreciation Expense	8.83	7.81	9.42	14	26	48	53	60	67	68
Amortization Expense	-	-	-	-	-	-	-	0.55	1.33	3.77
Non-Cash Adjustments To Reconcile Net Income	7.76	6.65	13	10	-5.67	14	17	18	32	46
Changes in Operating Assets and Liabilities, net	24	-4.27	28	-19	-29	4.95	-63	-97	-18	-42
Net Cash From Discontinued Operating Activities	-19	-7.86	-7.26	-0.16	0.49	-0.92	-0.67	-0.14	-3.99	-2.18
Net Cash From Investing Activities	-13	0.30	-28	-114	-394	-43	-47	-208	-65	-74
Net Cash From Continuing Investing Activities	-13	0.30	-25	-114	-394	-43	-47	-208	-65	-74
Purchase of Property, Plant & Equipment	-4.01	-6.82	-9.04	-20	-25	-36	-29	-59	-61	-57
Acquisitions	-0.13	0.00	-17	-94	-366	-5.48	-22	-149	0.00	-14
Purchase of Investments	-30	-0.76	-0.11	-	-	-	0.00	0.00	-3.75	-2.99
Net Cash From Financing Activities	-46	2.14	-31	-97	339	-30	-25	-62	446	-377
Net Cash From Continuing Financing Activities	-46	2.17	-31	-97	339	-30	-25	-62	446	-377
Repayment of Debt	-0.00	-	0.00	0.00	-8.75	-18	-15	-20	-34	-355
Repurchase of Common Equity	-50	0.00	-30	-95	0.00	-12	-78	-27	-40	-1.77
Payment of Dividends	-	-	-	-	0.00	0.00	-15	-15	-15	-15
Issuance of Debt	-	-	0.00	0.00	347	0.00	85	0.00	575	0.00
Issuance of Common Equity	-	-	-	-	-	-	0.00	0.00	75	0.00
Other Financing Activities, net	4.48	2.17	-1.31	-2.01	0.10	-0.48	-1.76	-0.03	-115	-4.85
Effect of Exchange Rate Changes	-1.47	-1.93	-	-	-	-	-	1.00	-	-2.58

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

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

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

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

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

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

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

Frequently Asked Questions About Advanced Energy Industries' Financials

When does Advanced Energy Industries's financial year end?

According to the most recent income statement we have on file, Advanced Energy Industries' fiscal year ends in December. Their fiscal 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. See where experts think Advanced Energy Industries is headed by visiting Advanced Energy Industries' forecast page.

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 5/7/2025 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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