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DAQO New Energy (DQ) Financials

DAQO New Energy logo
$18.20 -0.55 (-2.93%)
Closing price 05/15/2026 03:59 PM Eastern
Extended Trading
$18.24 +0.03 (+0.19%)
As of 05/15/2026 07:52 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for DAQO New Energy

Annual Income Statements for DAQO New Energy

This table shows DAQO New Energy's 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 2025
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 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 13 43 93 38 30 129 749 1,820 430 -345 -171
Consolidated Net Income / (Loss)		 13 44 94 39 30 134 865 2,480 653 -448 -216
Net Income / (Loss) Continuing Operations		 13 41 98 62 28 134 0.00 2,480 653 -448 -216
Total Pre-Tax Income 		14 49 115 74 38 162 1,035 3,057 818 -518 -237
Total Operating Income		 26 61 131 81 47 188 1,051 3,041 783 -564 -270
Total Gross Profit		 38 78 144 98 80 234 1,097 3,408 921 -213 -138
Total Revenue		 182 196 323 302 350 676 1,679 4,608 2,308 1,029 665
Operating Revenue		 182 196 323 302 350 676 1,679 4,608 2,308 1,029 665
Total Cost of Revenue		 144 118 179 203 270 442 582 1,200 1,387 1,242 803
Operating Cost of Revenue		 144 118 179 203 270 442 582 1,200 1,387 1,242 803
Total Operating Expenses		 11 17 13 17 33 46 46 367 137 351 132
Selling, General & Admin Expense		 13 15 16 27 32 39 40 354 213 143 118
Research & Development Expense		 0.92 3.88 0.68 2.74 5.71 6.86 6.50 10 10 4.56 2.58
Other Operating Expenses / (Income)		 -3.82 -2.29 -3.48 -13 -5.55 -0.19 -0.61 3.18 -86 28 12
Impairment Charge		 1.62 - - - - - - 0.00 0.00 176 0.00
Total Other Income / (Expense), net		 -12 -13 -16 -7.69 -9.60 -26 -16 16 35 46 33
Interest Expense		 13 13 16 11 9.41 26 20 -14 -52 -30 -9.03
Interest & Investment Income		 0.49 0.15 0.46 1.24 0.00 0.00 4.01 1.11 0.11 18 24
Other Income / (Expense), net		 0.64 0.01 -0.01 1.84 -0.19 0.00 0.00 0.68 -17 -2.38 0.03
Income Tax Expense		 1.14 7.36 17 12 9.62 28 170 577 166 -70 -21
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.09 0.43 1.01 0.64 -0.00 4.61 116 660 223 -103 -46
Basic Earnings per Share		 $0.05 $0.17 $0.35 $0.12 $0.09 $0.36 $2.03 $4.80 $1.15 ($1.04) ($0.51)
Weighted Average Basic Shares Outstanding		 258.02M 261.74M 265.07M 311.72M 339.57M 355.09M 369.34M 379.37M 373.59M 330.80M 336.76M
Diluted Earnings per Share		 $0.05 $0.16 $0.34 $0.12 $0.08 $0.34 $1.95 $4.67 $1.15 ($1.04) ($0.51)
Weighted Average Diluted Shares Outstanding		 261.41M 264.82M 272.93M 325.51M 349.96M 375.02M 383.77M 386.46M 374.82M 330.80M 336.76M
Weighted Average Basic & Diluted Shares Outstanding		 260.84M 262.96M 270.92M 332.03M 347.42M 365.24M 372.53M 391.02M 328.51M 333.76M 338.33M

Quarterly Income Statements for DAQO New Energy

No quarterly income statements for DAQO New Energy are available.

Annual Cash Flow Statements for DAQO New Energy

This table details how cash moves in and out of DAQO New Energy's 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 2025
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 12/31/2025
Net Change in Cash & Equivalents		 7.42 -1.67 41 22 20 3.11 606 2,796 -472 -2,010 -58
Net Cash From Operating Activities		 -66 99 143 96 181 210 639 2,463 1,616 -435 50
Net Cash From Continuing Operating Activities		 66 85 138 78 180 210 639 2,463 1,616 -435 50
Net Income / (Loss) Continuing Operations		 13 41 98 62 28 134 0.00 2,480 653 -448 -216
Consolidated Net Income / (Loss)		 13 44 94 39 30 134 865 2,480 653 -448 -216
Depreciation Expense		 31 23 28 28 47 69 77 107 149 206 237
Amortization Expense		 - - - - - - - - 2.37 3.32 3.36
Non-Cash Adjustments To Reconcile Net Income		 -10 13 13 1.23 117 -35 238 324 133 175 188
Changes in Operating Assets and Liabilities, net		 32 7.64 -1.25 -12 -12 42 -541 -448 679 -372 -162
Net Cash From Investing Activities		 -74 -68 -68 -165 -262 -118 -782 -998 -1,196 -1,481 -134
Net Cash From Continuing Investing Activities		 -74 -67 -64 -165 -263 -118 -782 -998 -1,196 -1,481 -134
Purchase of Property, Plant & Equipment		 -81 -67 -64 -143 -279 -118 -508 -1,251 -1,187 -369 -173
Purchase of Investments		 0.00 -0.58 -0.06 -38 0.00 0.00 -501 -46 0.00 -2,082 -2,796
Sale and/or Maturity of Investments		 - 0.00 0.00 15 22 0.00 228 298 14 3,092 4,653
Other Investing Activities, net		 2.12 - 0.00 0.00 -6.59 0.00 0.00 0.00 -23 -2,121 -1,818
Net Cash From Financing Activities		 15 -30 -37 87 102 -95 736 1,472 -795 -47 -0.85
Net Cash From Continuing Financing Activities		 15 3.43 -29 103 105 -95 736 1,472 -795 -47 -0.85
Repayment of Debt		 -497 -146 -116 -95 -95 -246 -263 -179 -140 0.00 0.00
Repurchase of Common Equity		 -3.38 0.00 0.00 -6.92 - 0.00 0.00 -125 -522 -13 -0.85
Payment of Dividends		 - - - - - 0.00 0.00 -34 -304 -36 0.00
Issuance of Debt		 483 149 85 91 199 121 62 179 140 0.00 0.00
Issuance of Common Equity		 33 0.00 0.00 114 0.52 28 935 0.00 0.00 0.00 0.00
Other Financing Activities, net		 0.28 1.05 2.24 0.69 0.79 0.58 2.14 1,631 30 1.14 0.00
Effect of Exchange Rate Changes		 -0.11 -2.00 3.34 4.91 -1.32 7.37 12 -140 -97 -46 27
Cash Interest Paid		 13 12 16 11 10 25 21 7.93 4.72 0.00 0.00
Cash Income Taxes Paid		 2.73 3.00 9.53 19 5.55 13 108 351 290 102 4.34

Quarterly Cash Flow Statements for DAQO New Energy

No quarterly cash flow statements for DAQO New Energy are available.

Annual Balance Sheets for DAQO New Energy

This table presents DAQO New Energy's 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 2025
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 12/31/2025
Total Assets		 661 657 749 855 1,201 1,239 3,344 7,594 7,427 6,418 6,449
Total Current Assets		 89 73 142 160 174 180 1,743 4,889 3,577 2,632 2,696
Cash & Equivalents		 14 16 54 65 52 77 724 3,499 3,039 1,007 856
Restricted Cash		 19 16 9.91 29 63 42 0.19 21 9.13 32 124
Short-Term Investments		 - - 0.00 22 - 0.00 280 14 0.00 9.62 114
Note & Lease Receivable		 11 13 21 8.11 5.64 0.15 366 1,132 116 55 136
Accounts Receivable		 20 6.37 0.71 2.00 0.03 0.13 0.00 0.02 0.03 0.00 0.02
Inventories, net		 12 14 17 19 38 50 331 170 188 160 191
Prepaid Expenses		 12 8.03 6.69 10 15 11 42 53 225 281 303
Other Current Assets		 - - - - - - - 0.00 0.00 1,087 972
Plant, Property, & Equipment, net		 544 557 485 617 995 1,027 1,559 2,605 3,626 3,499 3,399
Total Noncurrent Assets		 28 26 121 78 32 32 42 100 224 287 354
Noncurrent Note & Lease Receivables		 - - - - - - 0.00 0.00 0.00 0.00 0.00
Noncurrent Deferred & Refundable Income Taxes		 0.63 0.59 0.71 0.82 1.35 - 0.00 1.81 3.42 85 113
Other Noncurrent Operating Assets		 27 25 24 24 30 32 42 98 220 203 241
Total Liabilities & Shareholders' Equity		 661 657 749 855 1,201 1,239 3,344 7,594 7,427 6,418 6,449
Total Liabilities		 419 385 354 330 634 440 680 989 979 560 533
Total Current Liabilities		 275 250 217 150 445 284 550 737 836 521 502
Short-Term Debt		 144 132 89 67 230 120 0.00 21 0.00 6.82 103
Accounts Payable		 64 46 21 11 52 24 92 82 93 26 27
Accrued Expenses		 8.62 8.32 11 9.42 12 30 41 51 73 33 39
Current Deferred & Payable Income Tax Liabilities		 0.94 5.30 13 5.45 4.79 23 71 222 90 0.51 0.01
Other Current Liabilities		 50 51 22 27 113 87 143 239 581 454 333
Total Noncurrent Liabilities		 144 135 138 180 189 156 129 253 142 39 31
Noncurrent Deferred Revenue		 25 23 23 29 23 22 113 172 18 17 18
Noncurrent Deferred & Payable Income Tax Liabilities		 - - 0.00 1.18 6.37 3.46 17 81 10 0.54 0.52
Other Noncurrent Operating Liabilities		 - - - 0.00 0.08 3.27 - - 114 21 13
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 - - 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 242 272 395 525 567 799 2,664 6,605 6,448 5,858 5,916
Total Preferred & Common Equity		 240 270 392 525 567 767 2,162 4,807 4,762 4,361 4,407
Total Common Equity		 240 270 392 525 567 767 2,162 4,807 4,762 4,361 4,407
Common Stock		 236 240 247 369 387 412 1,017 2,211 2,340 2,409 2,465
Retained Earnings		 -3.06 40 133 171 201 330 1,079 2,899 3,328 2,983 2,813
Treasury Stock		 -1.75 -1.75 -1.75 -1.75 -1.75 -1.75 -1.75 -127 -613 -618 -618
Accumulated Other Comprehensive Income / (Loss)		 8.78 -8.72 13 -13 -20 26 68 -176 -294 -413 -253
Noncontrolling Interest		 1.30 1.63 2.79 0.00 0.52 32 502 1,797 1,686 1,497 1,510

Quarterly Balance Sheets for DAQO New Energy

No quarterly balance sheets for DAQO New Energy are available.

Annual Metrics And Ratios for DAQO New Energy

This table displays calculated financial ratios and metrics derived from DAQO New Energy's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
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 12/31/2025
DEI Shares Outstanding		 - - - - - - - - - - 338,330,684.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 338,330,684.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - -0.50
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -0.29% 7.79% 64.71% -6.68% 16.04% 93.03% 148.49% 174.50% -49.92% -55.41% -35.34%
EBITDA Growth		 -2.94% 43.86% 89.35% -30.17% -14.53% 170.98% 340.00% 178.92% -70.94% -139.36% 91.54%
EBIT Growth		 -15.99% 127.59% 113.94% -36.52% -43.04% 297.16% 459.70% 189.26% -74.81% -173.95% 52.30%
NOPAT Growth		 -24.70% 115.06% 114.17% -38.56% -48.11% 338.13% 466.11% 180.72% -74.66% -163.19% 52.09%
Net Income Growth		 -21.63% 236.64% 113.68% -58.70% -23.84% 353.23% 546.34% 186.71% -73.67% -168.64% 51.78%
EPS Growth		 -37.50% 220.00% 112.50% -58.70% -23.84% 325.00% 473.53% 139.49% -75.37% -190.43% 50.96%
Operating Cash Flow Growth		 -245.61% 248.54% 44.63% -33.04% 89.42% 15.86% 204.71% 285.40% -34.38% -126.94% 111.41%
Free Cash Flow Firm Growth		 130.56% 133.58% 265.14% -148.23% -212.79% 131.44% 113.51% 605.29% -69.51% -673.87% 83.57%
Invested Capital Growth		 1.54% 2.59% -7.00% 30.76% 43.26% 10.28% 78.88% 86.25% 10.01% 41.65% 2.25%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 20.63% 39.66% 44.57% 32.53% 22.89% 34.63% 65.36% 73.95% 39.89% -20.69% -20.72%
EBITDA Margin		 31.99% 42.69% 49.07% 36.72% 27.05% 37.97% 67.24% 68.32% 39.65% -34.99% -4.53%
Operating Margin		 14.41% 31.16% 40.47% 26.92% 13.57% 27.81% 62.63% 65.98% 33.95% -54.82% -40.61%
EBIT Margin		 14.76% 31.16% 40.47% 27.53% 13.51% 27.81% 62.63% 66.00% 33.20% -55.05% -40.61%
Profit (Net Income) Margin		 7.17% 22.39% 29.04% 12.85% 8.44% 19.81% 51.52% 53.81% 28.29% -43.55% -32.47%
Tax Burden Percent		 91.98% 90.43% 81.61% 52.73% 77.93% 82.53% 83.56% 81.12% 79.77% 86.51% 91.13%
Interest Burden Percent		 52.80% 79.44% 87.92% 88.53% 80.10% 86.31% 98.43% 100.51% 106.84% 91.45% 87.75%
Effective Tax Rate		 8.02% 15.15% 15.07% 15.94% 25.40% 17.38% 16.44% 18.88% 20.23% 0.00% 0.00%
Return on Invested Capital (ROIC)		 5.16% 10.88% 23.84% 13.17% 4.96% 17.55% 67.92% 103.84% 19.25% -9.61% -3.88%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.61% 7.27% 10.86% -37.37% 1.45% 6.93% 71.06% 103.25% 18.40% -7.00% -1.23%
Return on Net Nonoperating Assets (RNNOA)		 0.66% 6.23% 4.33% -4.74% 0.45% 2.04% -17.96% -50.33% -9.25% 2.33% 0.21%
Return on Equity (ROE)		 5.82% 17.11% 28.17% 8.43% 5.41% 19.59% 49.95% 53.51% 10.00% -7.28% -3.67%
Cash Return on Invested Capital (CROIC)		 3.64% 8.32% 31.10% -13.49% -30.61% 7.77% 11.34% 43.58% 9.72% -44.09% -6.11%
Operating Return on Assets (OROA)		 3.92% 9.28% 18.61% 10.36% 4.60% 15.39% 45.89% 55.61% 10.20% -8.18% -4.20%
Return on Assets (ROA)		 1.90% 6.67% 13.36% 4.83% 2.87% 10.97% 37.74% 45.34% 8.69% -6.47% -3.36%
Return on Common Equity (ROCE)		 5.80% 17.01% 27.99% 8.40% 5.40% 19.13% 42.25% 40.23% 7.33% -5.40% -2.73%
Return on Equity Simple (ROE_SIMPLE)		 5.43% 16.26% 23.96% 7.38% 5.21% 17.44% 40.00% 51.58% 13.71% -10.28% 0.00%
Net Operating Profit after Tax (NOPAT)		 24 52 111 68 35 155 879 2,466 625 -395 -189
NOPAT Margin		 13.25% 26.44% 34.37% 22.63% 10.12% 22.97% 52.34% 53.52% 27.08% -38.37% -28.43%
Net Nonoperating Expense Percent (NNEP)		 4.56% 3.61% 12.98% 50.55% 3.51% 10.62% -3.14% 0.58% 0.85% -2.61% -2.65%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - - -6.73% -3.14%
Cost of Revenue to Revenue		 79.37% 60.34% 55.43% 67.47% 77.11% 65.37% 34.64% 26.05% 60.11% 120.69% 120.72%
SG&A Expenses to Revenue		 6.92% 7.69% 4.96% 8.98% 9.27% 5.84% 2.38% 7.68% 9.24% 13.90% 17.77%
R&D to Revenue		 0.51% 1.98% 0.21% 0.91% 1.63% 1.01% 0.39% 0.22% 0.44% 0.44% 0.39%
Operating Expenses to Revenue		 6.22% 8.50% 4.10% 5.61% 9.32% 6.83% 2.73% 7.97% 5.95% 34.12% 19.90%
Earnings before Interest and Taxes (EBIT)		 27 61 131 83 47 188 1,051 3,041 766 -566 -270
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 58 84 159 111 95 257 1,129 3,148 915 -360 -30
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 3.10 3.73 7.98 2.41 6.00 25.98 1.36 0.60 0.44 0.29 0.45
Price to Tangible Book Value (P/TBV)		 3.10 3.73 7.98 2.41 6.00 25.98 1.36 0.60 0.44 0.29 0.45
Price to Revenue (P/Rev)		 4.09 5.13 9.67 4.20 9.71 29.50 1.75 0.62 0.90 1.24 2.96
Price to Earnings (P/E)		 57.46 23.15 33.67 33.26 115.16 154.25 3.93 1.58 4.84 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 1.74% 4.32% 2.97% 3.01% 0.87% 0.65% 25.43% 63.26% 20.65% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 2.07 2.53 7.27 2.30 4.36 21.65 1.47 0.38 0.21 0.36 0.51
Enterprise Value to Revenue (EV/Rev)		 5.36 6.22 10.10 4.48 10.48 29.73 1.46 0.25 0.31 1.68 3.74
Enterprise Value to EBITDA (EV/EBITDA)		 16.74 14.56 20.58 12.21 38.73 78.29 2.16 0.37 0.79 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 36.29 19.95 24.96 16.28 77.52 106.91 2.32 0.38 0.94 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 40.42 23.51 29.38 19.81 103.51 129.41 2.78 0.47 1.15 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 12.36 22.88 14.15 20.26 95.78 3.82 0.47 0.44 0.00 50.09
Enterprise Value to Free Cash Flow (EV/FCFF)		 57.38 30.73 22.53 0.00 0.00 292.21 16.65 1.12 2.28 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.09 0.90 0.51 0.38 0.67 0.30 0.00 0.00 0.00 0.00 0.02
Long-Term Debt to Equity		 0.49 0.41 0.28 0.25 0.27 0.15 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 1.08 0.86 0.40 0.13 0.31 0.30 -0.25 -0.49 -0.50 -0.33 -0.17
Leverage Ratio		 3.06 2.57 2.11 1.74 1.88 1.79 1.32 1.18 1.15 1.13 1.09
Compound Leverage Factor		 1.61 2.04 1.85 1.54 1.51 1.54 1.30 1.19 1.23 1.03 0.96
Debt to Total Capital		 52.08% 47.28% 33.64% 27.65% 40.20% 23.32% 0.00% 0.31% 0.00% 0.12% 1.71%
Short-Term Debt to Total Capital		 28.57% 25.56% 14.90% 9.29% 24.23% 11.50% 0.00% 0.31% 0.00% 0.12% 1.71%
Long-Term Debt to Total Capital		 23.51% 21.72% 18.74% 18.37% 15.98% 11.83% 0.00% 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% 0.00%
Noncontrolling Interests to Total Capital		 0.26% 0.32% 0.47% 0.00% 0.05% 3.05% 18.84% 27.13% 26.15% 25.52% 25.08%
Common Equity to Total Capital		 47.66% 52.41% 65.89% 72.35% 59.74% 73.63% 81.16% 72.56% 73.85% 74.36% 73.21%
Debt to EBITDA		 4.51 2.91 1.26 1.81 4.03 0.95 0.00 0.01 0.00 -0.02 -3.41
Net Debt to EBITDA		 3.93 2.52 0.86 0.76 2.81 0.49 0.00 -1.12 0.00 2.89 32.85
Long-Term Debt to EBITDA		 2.04 1.34 0.70 1.20 1.60 0.48 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 10.89 4.70 1.80 2.94 10.76 1.57 0.00 0.01 0.00 -0.02 -0.54
Net Debt to NOPAT		 9.50 4.07 1.22 1.23 7.52 0.80 0.00 -1.42 0.00 2.64 5.24
Long-Term Debt to NOPAT		 4.91 2.16 1.00 1.95 4.28 0.79 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 1.13 1.94 6.43 3.28 3.60 28.48 5.02 4.86 3.00 2.28 3.20
Noncontrolling Interest Sharing Ratio		 0.29% 0.57% 0.66% 0.30% 0.05% 2.37% 15.41% 24.81% 26.69% 25.87% 25.53%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.32 0.29 0.66 1.07 0.39 0.63 3.17 6.64 4.28 5.05 5.37
Quick Ratio		 0.17 0.14 0.35 0.65 0.13 0.27 2.49 6.31 3.77 2.06 2.20
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 17 40 145 -70 -219 69 147 1,035 316 -1,811 -298
Operating Cash Flow to CapEx		 -81.64% 148.37% 222.68% 66.79% 64.86% 177.28% 125.72% 204.31% 136.16% -118.03% 28.71%
Free Cash Flow to Firm to Interest Expense		 1.29 3.12 8.91 -6.49 -23.22 2.67 7.17 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 -5.04 7.76 8.78 8.88 19.23 8.15 31.20 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 -11.22 2.53 4.83 -4.41 -10.42 3.55 6.38 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.27 0.30 0.46 0.38 0.34 0.55 0.73 0.84 0.31 0.15 0.10
Accounts Receivable Turnover		 9.38 14.81 91.41 223.24 345.51 8,482.13 0.00 0.00 88,757.50 0.00 0.00
Inventory Turnover		 12.74 9.20 11.46 11.29 9.52 10.03 3.05 4.79 7.75 7.14 4.57
Fixed Asset Turnover		 0.33 0.36 0.62 0.55 0.43 0.67 1.30 2.21 0.74 0.29 0.19
Accounts Payable Turnover		 1.70 2.16 5.37 12.48 8.57 11.68 9.99 13.79 15.87 20.82 30.27
Days Sales Outstanding (DSO)		 38.93 24.65 3.99 1.64 1.06 0.04 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 28.64 39.68 31.85 32.32 38.35 36.38 119.64 76.25 47.10 51.12 79.82
Days Payable Outstanding (DPO)		 215.19 168.71 67.97 29.24 42.60 31.26 36.52 26.48 22.99 17.53 12.06
Cash Conversion Cycle (CCC)		 -147.61 -104.38 -32.13 4.71 -3.19 5.17 83.12 49.77 24.11 33.59 67.76
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 471 483 449 587 841 928 1,660 3,091 3,400 4,817 4,925
Invested Capital Turnover		 0.39 0.41 0.69 0.58 0.49 0.76 1.30 1.94 0.71 0.25 0.14
Increase / (Decrease) in Invested Capital		 7.13 12 -34 138 254 86 732 1,431 309 1,416 108
Enterprise Value (EV)		 975 1,220 3,264 1,352 3,667 20,084 2,443 1,160 719 1,733 2,488
Market Capitalization		 745 1,007 3,126 1,268 3,400 19,928 2,945 2,877 2,080 1,277 1,969
Book Value per Share		 $1.08 $1.04 $1.49 $1.94 $1.71 $2.21 $5.92 $12.90 $12.18 $13.28 $13.20
Tangible Book Value per Share		 $1.08 $1.04 $1.49 $1.94 $1.71 $2.21 $5.92 $12.90 $12.18 $13.28 $13.20
Total Capital		 504 515 595 726 948 1,042 2,664 6,625 6,448 5,865 6,019
Total Debt		 263 244 200 201 381 243 0.00 21 0.00 6.82 103
Total Long-Term Debt		 119 112 111 133 152 123 0.00 0.00 0.00 0.00 0.00
Net Debt		 229 211 136 84 266 125 -1,004 -3,514 -3,048 -1,041 -991
Capital Expenditures (CapEx)		 81 67 64 143 279 118 508 1,205 1,187 369 173
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -76 -77 -49 -38 -155 -102 188 639 -308 1,069 1,203
Debt-free Net Working Capital (DFNWC)		 -43 -45 14 78 -41 16 1,192 4,173 2,740 2,117 2,298
Net Working Capital (NWC)		 -187 -176 -74 10 -271 -104 1,192 4,153 2,740 2,110 2,195
Net Nonoperating Expense (NNE)		 11 7.95 17 29 5.90 21 14 -13 -28 53 27
Net Nonoperating Obligations (NNO)		 229 211 55 62 274 129 -1,004 -3,514 -3,048 -1,041 -991
Total Depreciation and Amortization (D&A)		 31 23 28 28 47 69 77 107 149 206 240
Debt-free, Cash-free Net Working Capital to Revenue		 -41.79% -39.05% -15.25% -12.67% -44.43% -15.17% 11.21% 13.87% -13.34% 103.90% 180.84%
Debt-free Net Working Capital to Revenue		 -23.36% -22.80% 4.47% 25.74% -11.73% 2.36% 71.03% 90.56% 118.74% 205.73% 345.29%
Net Working Capital to Revenue		 -102.51% -89.92% -22.94% 3.39% -77.38% -15.37% 71.03% 90.11% 118.74% 205.07% 329.80%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.01 $0.03 $0.07 $0.02 $0.02 $0.36 $2.03 $4.80 $1.15 ($1.04) ($0.51)
Adjusted Weighted Average Basic Shares Outstanding		 1.29B 1.31B 1.33B 1.56B 1.70B 355.09M 369.34M 379.37M 373.59M 330.80M 336.76M
Adjusted Diluted Earnings per Share		 $0.01 $0.03 $0.07 $0.02 $0.02 $0.34 $1.95 $4.67 $1.15 ($1.04) ($0.51)
Adjusted Weighted Average Diluted Shares Outstanding		 1.31B 1.32B 1.36B 1.63B 1.75B 375.02M 383.77M 386.46M 374.82M 330.80M 336.76M
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		 1.30B 1.31B 1.35B 1.66B 1.74B 365.24M 372.53M 391.02M 328.51M 333.76M 338.33M
Normalized Net Operating Profit after Tax (NOPAT)		 26 52 111 68 35 155 879 2,466 625 -272 -189
Normalized NOPAT Margin		 14.07% 26.44% 34.37% 22.63% 10.12% 22.97% 52.34% 53.52% 27.08% -26.42% -28.43%
Pre Tax Income Margin		 7.79% 24.75% 35.58% 24.37% 10.82% 24.00% 61.65% 66.33% 35.47% -50.34% -35.63%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 2.04 4.81 8.04 7.72 5.02 7.30 51.33 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 1.83 4.08 6.83 6.34 3.76 6.03 42.90 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 -4.14 -0.42 4.10 -5.58 -24.62 2.70 26.52 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 -4.35 -1.15 2.89 -6.95 -25.88 1.43 18.08 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.36% 46.51% -8.00% 0.00%
Augmented Payout Ratio		 25.93% 0.00% 0.00% 17.85% 0.00% 0.00% 0.00% 6.40% 126.48% -10.82% -0.39%

Quarterly Metrics And Ratios for DAQO New Energy

No quarterly metrics and ratios for DAQO New Energy are available.


Financials Breakdown Chart

DAQO New Energy Financials - Frequently Asked Questions

According to the most recent income statement we have on file, DAQO New Energy's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

DAQO New Energy's net income appears to be on an upward trend, with a most recent value of -$216.08 million in 2025, falling from $13.05 million in 2015. The previous period was -$448.15 million in 2024. View DAQO New Energy's forecast to see where analysts expect DAQO New Energy to go next.

DAQO New Energy's total operating income in 2025 was -$270.24 million, based on the following breakdown:
  • Total Gross Profit: -$137.85 million
  • Total Operating Expenses: $132.38 million

Over the last 10 years, DAQO New Energy's total revenue changed from $182.04 million in 2015 to $665.42 million in 2025, a change of 265.5%.

DAQO New Energy's total liabilities were at $533.01 million at the end of 2025, a 4.9% decrease from 2024, and a 27.2% increase since 2015.

In the past 10 years, DAQO New Energy's cash and equivalents has ranged from $14.49 million in 2015 to $3.50 billion in 2022, and is currently $856.05 million as of their latest financial filing in 2025.

Over the last 10 years, DAQO New Energy's book value per share changed from 1.08 in 2015 to 13.20 in 2025, a change of 1,128.2%.


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Financial statements for NYSE:DQ last updated on 4/23/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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