ADVANCED ENERGY INDUSTRIES INC
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $1.8B | $1.5B | $1.7B | $1.8B | $1.5B |
| Cost of revenue | $1.1B | $952.7M | $1.1B | $1.2B | $923.6M |
| Gross profit | $677.4M | $529.3M | $592.4M | $675.5M | $532.3M |
| Selling, general & administrative | $242.4M | $224.6M | $221.0M | $218.5M | $192.0M |
| Research and development | $232.4M | $211.8M | $202.4M | $191.0M | $161.8M |
| Operating expenses | $509.4M | $492.7M | $478.7M | $442.4M | $380.6M |
| Operating income | $168.0M | $36.6M | $113.7M | $233.1M | $151.7M |
| Interest expense | $16.7M | $25.1M | $16.6M | $7.3M | $3.6M |
| Pretax income | $168.7M | $52.4M | $122.5M | $241.7M | $148.7M |
| Income tax expense | $19.4M | -$3.9M | -$8.3M | $39.9M | $14.0M |
| Net income | $148.4M | $54.2M | $128.3M | $199.7M | $134.7M |
| Balance Sheet | |||||
| Cash and equivalents | $791.2M | $722.1M | $1.0B | $458.8M | $544.4M |
| Current assets | $1.6B | $1.4B | $1.7B | $1.2B | $1.2B |
| Total assets | $2.5B | $2.3B | $2.6B | $2.0B | $1.8B |
| Current liabilities | $991.2M | $314.3M | $335.8M | $393.0M | $370.2M |
| Total liabilities | $1.2B | $1.1B | $1.4B | $925.9M | $945.8M |
| Total debt | $575.0M | $575.0M | $930.0M | $375.0M | $395.0M |
| Stockholders' equity | $1.4B | $1.2B | $1.1B | $1.1B | $870.9M |
| Cash Flow Statement | |||||
| Cash from operations | $233.3M | $130.8M | $208.9M | $183.6M | $140.2M |
| Depreciation and amortization | $62.0M | $68.5M | $66.5M | $60.3M | $52.9M |
| Stock-based compensation | $55.7M | $45.9M | $31.0M | $19.8M | $15.7M |
| Capital expenditure | $107.4M | $56.8M | $61.0M | $58.9M | $28.8M |
| Free cash flow | $125.9M | $74.0M | $147.9M | $124.7M | $111.4M |
| Dividends paid | $15.6M | $15.4M | $15.2M | $15.2M | $15.4M |
| Share repurchases | $30.2M | $1.8M | $40.0M | $26.6M | $78.1M |
| Impairments | $1.8M | — | $1.4M | — | — |
Shares outstanding 38.0M · Free float 98.7%
Annual filing data through FY ended December 31, 2025; float as of July 11, 2026.