Advanced Energy Industries Inc (AEIS)

Advanced Energy Industries, Inc. provides precision power conversion, measurement, and control solutions in the United States, Asia, Europe, and internationally. The company's plasma power products offer solutions to enable innovation for semiconductor and thin film plasma processes, such as dry etch and deposition. It also provides high and low voltage power products used in a range of applications, such as semiconductor equipment, industrial production, medical and life science equipment, data centers computing, networking, and telecommunications. In addition, the company supplies sensing, controls, and instrumentation products for advanced measurement and calibration of power and temperature. Further, it provides calibration, conversions, upgrades, and refurbishments and used equipment to companies, as well as repair and maintenance services. The company offers its products through direct sales force, direct and indirect sales channels, and distributors, as well as provides warranty and non-warranty repair services. Advanced Energy Industries, Inc. was incorporated in 1981 and is headquartered in Denver, Colorado.

Ticker
AEIS
Exchange
Nasdaq
Sector
Industrials
Industry
Electrical Equipment & Parts
Market cap
$7.88B
52-week range
$178.37 - $397.44

Valuation

Share price
$197.01 (close of Nov 6, 2026)
P/E (TTM)
26.48x
Price to book
4.95x
Price to free cash flow
112.74x
Enterprise value
$7.85B
Book value per share
$39.77

Price performance

PeriodChange
1 day+6.11%
5 days-11.28%
1 month-34.93%
3 months-39.18%
6 months-45.40%
Year to date-5.90%
1 year-10.12%
3 years+119.29%
5 years+107.05%
10 years+318.01%
All time+1,870.10%

Short interest

As of
Oct 15, 2026
Short % of float
5.16%
Shares short
1.51M
Days to cover
2.96
Change since prior report
-17.64%
Source
FINRA consolidated short interest

Profitability and growth

Return on equity
10.89%
Return on invested capital
7.28%
Return on assets
5.83%
Return on capital employed
10.81%
Gross margin
37.66%
Net margin
8.25%
EBITDA margin
12.79%
Revenue growth
21.38%
Net income growth
173.73%
Free cash flow growth
70.14%

Cash flow and balance sheet

Free cash flow yield (TTM)
0.89%
Current ratio
3.62x
Net debt to EBITDA
-0.07x

Latest reported year

Period end
Dec 31, 2025
Fiscal year
2025
Revenue
$1.80B
Cost of revenue
$1.12B
Gross profit
$677.40M
EBITDA
$230.00M
Net income
$148.40M
Earnings per share
$3.95
Research and development
$232.40M
Interest expense
$16.70M
Shares outstanding
37.60M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$1.80B$677.40M$148.40M$3.95
2024-12-31$1.48B$529.30M$54.21M$1.45
2023-12-31$1.66B$592.40M$128.28M$3.42
2022-12-31$1.85B$675.51M$199.66M$5.33
2021-12-31$1.46B$532.32M$134.74M$3.53
2020-12-31$1.42B$541.87M$134.68M$3.52
2019-12-31$788.95M$315.65M$64.94M$1.70
2018-12-31$718.89M$365.61M$147.03M$3.76
2017-12-31$671.01M$356.38M$137.86M$3.47
2016-12-31$483.70M$253.15M$127.45M$3.21

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3137.66%8.25%10.89%7.28%
2024-12-3135.72%3.66%4.51%1.95%
2023-12-3135.78%7.75%11.21%5.25%
2022-12-3136.60%10.82%18.73%12.46%
2021-12-3136.56%9.25%15.46%10.01%
2020-12-3138.27%9.51%16.52%12.24%
2019-12-3140.01%8.23%9.59%3.88%
2018-12-3150.86%20.45%24.21%24.09%
2017-12-3153.11%20.55%26.48%26.64%
2016-12-3152.34%26.35%32.51%29.52%

Cash and debt by year

Period endCashDebt
2025-12-31$791.20M$567.50M
2024-12-31$722.10M$564.70M
2023-12-31$1.04B$895.68M
2022-12-31$458.82M$353.26M
2021-12-31$544.37M$372.73M
2020-12-31$480.37M$304.55M
2019-12-31$346.44M$321.53M
2018-12-31$349.30M-
2017-12-31$407.28M-
2016-12-31$281.95M-

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$125.90M$55.70M
2024-12-31$74.00M$45.90M
2023-12-31$147.90M$31.00M
2022-12-31$124.70M$19.85M
2021-12-31$111.43M$15.74M
2020-12-31$164.87M$12.27M
2019-12-31$23.20M$7.33M
2018-12-31$130.94M$9.70M
2017-12-31$173.66M$12.55M
2016-12-31$112.47M$6.33M

Dividend history

Most recent payment
Aug 24, 2026
Paid in the last twelve months
$0.40
Payment dateDividend per share
2026-08-24$0.10
2026-05-22$0.10
2026-02-23$0.10
2025-11-24$0.10
2025-08-25$0.10
2025-05-23$0.10
2025-02-24$0.10
2024-11-25$0.10

Investor relations

Past earnings dates

ReportedFiscal periodEPS estimate
2026-11-02Sep 2026$2.68
2026-08-03Jun 2026$1.85
2026-05-04Mar 2026$1.66
2026-02-10Dec 2025$1.42
2025-11-04Sep 2025$1.16
2025-08-05Jun 2025$1.02
2025-04-30Mar 2025$0.77
2025-02-12Dec 2024$0.84

Filings and sources

Company website
advancedenergy.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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