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Diodes Incorporated (DIOD) 10-Year Financial Performance & Capital Metrics

DIOD • • Industrial / General
TechnologySemiconductorsAnalog & Mixed-Signal SemiconductorsPower Management & Analog ICs
AboutDiodes Incorporated designs, manufactures, and supplies application-specific standard products in the discrete, logic, analog, and mixed-signal semiconductor markets worldwide. It focuses on low pin count semiconductor devices with one or more active or passive components. The company offers discrete semiconductor products, such as MOSFET, TVS, and performance Schottky rectifiers; GPP bridges and retifiers, and performance Schottky diodes; Zener and performance Zener diodes, including tight tolerance and low operating current type; standard, fast, super-fast, and ultra-fast recovery rectifiers; bridge rectifiers; switching diodes; small signal bipolar and prebiased transistors; thyristor surge protection devices; and transient voltage suppressors. It also provides analog products, such as power management devices comprising AC-DC and DC-DC converters, USB power switches, and low dropout and linear voltage regulators; linear devices, such as operational amplifiers and comparators, current monitors, voltage references, and reset generators; LED lighting drivers; audio amplifiers; and sensor products, including hall-effect sensors and motor drivers. The company offers mixed-signal products, such as high speed mux/demux products, digital switches, interfaces, redrivers, universal level shifters/voltage translator, clock ICs, and packet switches; standard logic products comprising low-voltage complementary metal–oxide–semiconductor (CMOS) and high-speed CMOS devices; ultra-low power CMOS logic products and analog switches; multichip products and co-packaged discrete, analog, and mixed-signal silicon in miniature packages; silicon and silicon epitaxial wafers; and crystals and oscillators. It sells its products to the consumer electronics, computing, communications, industrial, and automotive markets through direct sales, marketing personnel, independent sales representatives, and distributors. The company was incorporated in 1959 and is headquartered in Plano, Texas.Show more
  • Revenue $1.31B -21.1%
  • EBITDA $188M -51.6%
  • Net Income $44M -80.6%
  • EPS (Diluted) 0.95 -80.7%
  • Gross Margin 33.24% -16.1%
  • EBITDA Margin 14.31% -38.7%
  • Operating Margin 3.85% -74.5%
  • Net Margin 3.36% -75.4%
  • ROE 2.39% -82.1%
  • ROIC 2.33% -81.1%
  • Debt/Equity 0.05 -9.7%
  • Interest Coverage 21.62 -50.8%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Healthy 5Y average net margin of 10.8%
  • ✓Trading at only 1.4x book value

✗Weaknesses

  • ✗Profits declining 22.1% over 5 years

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y3.94%
5Y0.97%
3Y-10.11%
TTM10.45%

Profit (Net Income) CAGR

10Y-3.62%
5Y-22.08%
3Y-42.27%
TTM5.08%

EPS CAGR

10Y-3.16%
5Y-20.33%
3Y-42.51%
TTM4.87%

ROCE

10Y Avg10.58%
5Y Avg13.05%
3Y Avg12.81%
Latest2.53%

Peer Comparison

Power Management & Analog ICs
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
POWIPower Integrations, Inc.2.41B43.4877.64-5.75%4.03%2.67%2.66%
DIODDiodes Incorporated2.67B57.4760.49-21.1%4.49%3.3%1.74%0.05
TXNTexas Instruments Incorporated171.84B189.1236.37-10.72%29.21%30.33%0.87%0.80
MPWRMonolithic Power Systems, Inc.48.36B1009.5427.5921.2%71.22%53.12%1.33%0.01
STMSTMicroelectronics N.V.24.88B28.0016.87-23.24%5.29%3.42%0.18
ONON Semiconductor Corporation24.26B60.2816.61-14.19%5.16%4.03%5%0.38
MXMagnachip Semiconductor Corporation103.99M2.89-2.010.73%-18.84%-14.85%0.11
AOSLAlpha and Omega Semiconductor Limited676.08M22.49-6.825.92%-13.86%-11.58%0.06

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+848.9M942.16M1.05B1.21B1.25B1.23B1.81B2B1.66B1.31B
Revenue Growth %-0.05%0.11%0.12%0.15%0.03%-0.02%0.47%0.11%-0.17%-0.21%
Cost of Goods Sold+600.07M655.24M697.43M778.71M783.32M798.09M1.13B1.17B1B875.26M
COGS % of Revenue0.71%0.7%0.66%0.64%0.63%0.65%0.63%0.59%0.6%0.67%
Gross Profit+248.84M286.92M356.78M435.28M465.81M431.12M670.36M827.24M658.18M435.86M
Gross Margin %0.29%0.3%0.34%0.36%0.37%0.35%0.37%0.41%0.4%0.33%
Gross Profit Growth %-0.1%0.15%0.24%0.22%0.07%-0.07%0.55%0.23%-0.2%-0.34%
Operating Expenses+197.25M248.87M264.07M280.2M265.2M296.79M394.38M419.04M407.61M385.41M
OpEx % of Revenue0.23%0.26%0.25%0.23%0.21%0.24%0.22%0.21%0.25%0.29%
Selling, General & Admin133.01M158.26M167.64M176.2M181.34M185.07M257.71M280.88M257.94M233.91M
SG&A % of Revenue0.16%0.17%0.16%0.15%0.15%0.15%0.14%0.14%0.16%0.18%
Research & Development55.65M69.94M77.88M86.29M88.52M94.29M119.2M126.32M134.87M134.05M
R&D % of Revenue0.07%0.07%0.07%0.07%0.07%0.08%0.07%0.06%0.08%0.1%
Other Operating Expenses1.32M2.1M2.2M7.1M-4.66M17.43M17.46M11.85M14.8M17.45M
Operating Income+49.97M38.06M80.36M154.48M200.61M134.33M275.99M408.19M250.57M50.45M
Operating Margin %0.06%0.04%0.08%0.13%0.16%0.11%0.15%0.2%0.15%0.04%
Operating Income Growth %-0.41%-0.24%1.11%0.92%0.3%-0.33%1.05%0.48%-0.39%-0.8%
EBITDA+58.57M137.02M176.04M259.13M310.19M242.34M398.42M535.95M387.9M187.59M
EBITDA Margin %0.07%0.15%0.17%0.21%0.25%0.2%0.22%0.27%0.23%0.14%
EBITDA Growth %-0.37%1.34%0.28%0.47%0.2%-0.22%0.64%0.35%-0.28%-0.52%
D&A (Non-Cash Add-back)8.6M98.97M95.68M104.64M109.58M108.01M122.44M127.76M137.33M137.14M
EBIT43.77M38.29M76.04M159.86M206.14M132M322.59M404.26M283.63M65.02M
Net Interest Income+-3.23M-11.9M-11.97M-7.92M-5.7M-10.6M-4.35M-4.65M7.64M15.97M
Interest Income1.01M1.36M1.48M1.98M2.19M1.07M3.14M3.67M13.34M18.3M
Interest Expense4.23M13.26M13.45M9.9M7.89M11.66M7.49M8.32M5.7M2.33M
Other Income/Expense-1.51M-13.02M-16.82M-4.52M-2.36M-13.99M39.11M-12.25M27.36M12.23M
Pretax Income+48.46M25.04M62.59M149.96M198.25M120.34M315.1M395.94M277.93M62.68M
Pretax Margin %0.06%0.03%0.06%0.12%0.16%0.1%0.17%0.2%0.17%0.05%
Income Tax+16.45M6.56M62.33M44.56M44.13M21.11M78.81M56.69M47.28M11.84M
Effective Tax Rate %0.61%0.64%-0.03%0.69%0.77%0.82%0.73%0.84%0.82%0.7%
Net Income+29.77M15.94M-1.8M104.02M153.25M98.09M228.76M331.28M227.18M44.02M
Net Margin %0.04%0.02%-0%0.09%0.12%0.08%0.13%0.17%0.14%0.03%
Net Income Growth %-0.53%-0.46%-1.11%58.63%0.47%-0.36%1.33%0.45%-0.31%-0.81%
Net Income (Continuing)26.51M18.48M266K105.41M154.12M99.23M236.29M339.25M230.65M50.84M
Discontinued Operations0000000000
Minority Interest47.65M44.45M42.41M45.97M46.36M52.3M65.48M69.27M68.94M73.65M
EPS (Diluted)+0.490.32-0.042.042.961.885.007.204.910.95
EPS Growth %-0.63%-0.35%-1.12%56.14%0.45%-0.36%1.66%0.44%-0.32%-0.81%
EPS (Basic)0.500.33-0.042.093.021.925.117.314.960.95
Diluted Shares Outstanding49.5M49.79M48.82M50.94M51.86M52.13M45.78M46.04M46.31M46.41M
Basic Shares Outstanding48.21M48.6M48.82M49.84M50.79M51M44.77M45.33M45.8M46.21M
Dividend Payout Ratio-0.31%---0.02%0.01%---

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+750.55M732.78M662.32M734.84M809.96M1.02B1.19B1.16B1.19B1.22B
Cash & Short-Term Investments283.12M277.64M208.38M248.55M263.21M274.21M370.14M343.79M325.63M316.13M
Cash Only218.44M247.8M203.82M241.05M258.39M268.06M363.6M336.73M315.46M308.67M
Short-Term Investments64.69M29.84M4.56M7.5M4.83M6.14M6.54M7.06M10.17M7.46M
Accounts Receivable218.5M217.22M200.11M228.41M260.32M320.06M358.5M369.23M371.93M325.52M
Days Sales Outstanding93.9584.1569.2968.6776.0795.0472.4967.3781.6990.62
Inventory202.83M193.48M216.51M215.44M236.47M307.06M348.62M360.28M389.77M474.95M
Days Inventory Outstanding123.38107.78113.31100.98110.19140.43112.13112.08141.76198.06
Other Current Assets044.44M37.33M42.45M1.12M52.46M3.22M4.37M100.05M107.55M
Total Non-Current Assets+862.13M795.77M826.35M791.53M829.42M955.47M1.01B1.13B1.18B1.16B
Property, Plant & Equipment439.34M401.99M459.17M446.83M469.57M530.82M582.08M736.73M746.17M684.26M
Fixed Asset Turnover1.93x2.34x2.30x2.72x2.66x2.32x3.10x2.72x2.23x1.92x
Goodwill144.92M129.41M134.19M132.44M141.32M158.33M149.89M144.76M146.56M181.56M
Intangible Assets196.41M174.88M156.44M137.94M119.52M110.59M94.55M79.14M63.94M67.4M
Long-Term Investments03.05M3.4M2.79M018.3M47M22.92M25.52M23.93M
Other Non-Current Assets36.7M30.39M32.57M39.88M81.49M79.6M112.05M107.79M146.47M153.01M
Total Assets+1.61B1.53B1.49B1.53B1.64B1.98B2.19B2.29B2.37B2.39B
Asset Turnover0.53x0.62x0.71x0.80x0.76x0.62x0.82x0.87x0.70x0.55x
Asset Growth %0.37%-0.05%-0.03%0.03%0.07%0.21%0.11%0.04%0.03%0.01%
Total Current Liabilities+179.66M185.37M247.16M254.02M285.32M509.76M471.03M432.53M393.5M375.6M
Accounts Payable86.46M87.6M108M117.81M122.15M168.04M221.25M160.44M158.26M133.76M
Days Payables Outstanding52.5948.856.5255.2256.9276.8571.1649.9157.5655.78
Short-Term Debt10.28M14.36M21.64M37.87M46.45M162.42M35.45M37.97M45.1M32.52M
Deferred Revenue (Current)1000K1000K1000K1000K01000K1000K1000K00
Other Current Liabilities59.05M59.7M51.31M33.3M34.34M-705K18.11M17.3M51.62M50.2M
Current Ratio4.18x3.95x2.68x2.89x2.84x2.01x2.52x2.69x3.02x3.26x
Quick Ratio3.05x2.91x1.80x2.04x2.01x1.41x1.78x1.85x2.03x1.99x
Cash Conversion Cycle164.73143.13126.07114.43129.34158.62113.45129.53165.9232.9
Total Non-Current Liabilities+577.75M522.71M367.59M294.92M201.28M453.57M420.74M272.86M164.48M141.74M
Long-Term Debt453.74M413.13M247.49M186.14M64.4M288.18M265.57M147.47M16.98M19.56M
Capital Lease Obligations200K1.05M395K027.68M27.07M22.31M20.81M27.38M28.71M
Deferred Tax Liabilities31.66M28.21M25.18M17.99M16.33M34.6M32.23M12.9M13.66M6.95M
Other Non-Current Liabilities89.95M80.32M94.53M90.78M92.86M103.73M100.62M91.68M106.46M86.51M
Total Liabilities757.41M708.09M614.75M548.94M486.6M963.33M891.77M705.39M557.98M517.33M
Total Debt+466.22M427.48M269.14M224.01M151.99M488.48M334.55M213.67M98.36M91.7M
Net Debt247.79M179.68M65.32M-17.04M-106.4M220.41M-29.05M-123.06M-217.1M-216.97M
Debt / Equity0.55x0.52x0.31x0.23x0.13x0.48x0.26x0.13x0.05x0.05x
Debt / EBITDA7.96x3.12x1.53x0.86x0.49x2.02x0.84x0.40x0.25x0.49x
Net Debt / EBITDA4.23x1.31x0.37x-0.07x-0.34x0.91x-0.07x-0.23x-0.56x-1.16x
Interest Coverage11.81x2.87x5.98x15.60x25.42x11.52x36.84x49.06x43.96x21.62x
Total Equity+855.26M820.47M873.92M977.43M1.15B1.02B1.3B1.58B1.81B1.87B
Equity Growth %0.06%-0.04%0.07%0.12%0.18%-0.12%0.28%0.22%0.14%0.03%
Book Value per Share17.2816.4817.9019.1922.2319.4928.4634.3839.0840.27
Total Shareholders' Equity807.61M776.02M831.5M931.46M1.11B963.82M1.24B1.51B1.74B1.8B
Common Stock32.4M32.92M33.73M34.45M35.11M35.69M36.2M36.5M36.82M37.08M
Retained Earnings519.78M530.22M532.69M636.71M789.96M888.05M1.12B1.45B1.68B1.72B
Treasury Stock-11.01M-29.02M-37.77M-37.77M-37.77M-335.91M-336.89M-337.49M-337.99M-338.1M
Accumulated OCI-84.42M-112.67M-83.48M-101.85M-108.14M-73.61M-50.52M-128.23M-143.23M-146.72M
Minority Interest47.65M44.45M42.41M45.97M46.36M52.3M65.48M69.27M68.94M73.65M

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+118.11M124.74M181.12M185.57M229.77M187.22M338.54M392.5M280.91M119.44M
Operating CF Margin %0.14%0.13%0.17%0.15%0.18%0.15%0.19%0.2%0.17%0.09%
Operating CF Growth %-0.12%0.06%0.45%0.02%0.24%-0.19%0.81%0.16%-0.28%-0.57%
Net Income26.51M18.48M266K105.41M154.12M99.23M236.29M339.25M230.65M44.02M
Depreciation & Amortization80.1M98.97M95.68M104.64M109.58M108.01M122.44M127.76M137.33M137.14M
Stock-Based Compensation18.97M14.03M18.61M20.74M20.54M25.26M33.2M36.29M30.91M22.77M
Deferred Taxes1.48M-15.98M25.33M3.67M9.9M-14.46M21.46M-39.23M-13.35M-1M
Other Non-Cash Items736K3.71M669K-2.45M-24.09M625K-35.66M9.53M-27.04M-13M
Working Capital Changes-9.69M5.54M40.57M-46.45M-40.27M-31.45M-39.18M-81.11M-77.59M-70.49M
Change in Receivables-9.71M533K22.26M-29.48M-30.77M-10.5M-52.72M-20.16M-2.61M47.28M
Change in Inventory-2.17M5.18M-17.2M-2.15M-11.32M-4.56M-43.04M-29.68M-28.95M-87.5M
Change in Payables-8.62M2.64M17.31M9.98M3.51M7.42M55.63M-50.08M-2.17M-23.44M
Cash from Investing+-459.45M-27.35M-78.29M-88.94M-100.43M-106.77M-144.23M-265.26M-158.32M-118.04M
Capital Expenditures-133.24M-58.55M-111.16M-87.51M-98.5M-75.81M-141.19M-211.73M-150.77M-73.02M
CapEx % of Revenue0.16%0.06%0.11%0.07%0.08%0.06%0.08%0.11%0.09%0.06%
Acquisitions----------
Investments----------
Other Investing630K-1.67M5.26M1.93M28.53M974K12.47M7.16M6.85M9.31M
Cash from Financing+321.36M-63.46M-158.18M-51.91M-112.43M-54.3M-158.44M-125.71M-144.72M-19.34M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid0-4.87M000-2.11M-2.17M000
Share Repurchases----------
Other Financing10.43M-9.13M-3.57M-7.51M-8.52M4.63M-7.69M-13.58M-20.32M-2.11M
Net Change in Cash----------
Free Cash Flow+-15.13M66.19M69.96M98.06M131.27M111.41M197.35M180.77M130.15M46.41M
FCF Margin %-0.02%0.07%0.07%0.08%0.11%0.09%0.11%0.09%0.08%0.04%
FCF Growth %-1.2%5.37%0.06%0.4%0.34%-0.15%0.77%-0.08%-0.28%-0.64%
FCF per Share-0.311.331.431.932.532.144.313.932.811.00
FCF Conversion (FCF/Net Income)3.97x7.83x-100.35x1.78x1.50x1.91x1.48x1.18x1.24x2.71x
Interest Paid2.8M11.71M13.55M9.96M7.24M10.22M6.94M7.36M4.61M2.04M
Taxes Paid17.23M17.1M30.45M33.27M37.16M47.89M56.08M88.69M97.67M21.53M

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)3.58%1.9%-0.21%11.24%14.39%9.04%19.73%22.96%13.39%2.39%
Return on Invested Capital (ROIC)4.14%2.71%6.22%12.2%14.99%8.83%16.49%22.4%12.31%2.33%
Gross Margin29.31%30.45%33.84%35.85%37.29%35.07%37.14%41.35%39.61%33.24%
Net Margin3.51%1.69%-0.17%8.57%12.27%7.98%12.67%16.56%13.67%3.36%
Debt / Equity0.55x0.52x0.31x0.23x0.13x0.48x0.26x0.13x0.05x0.05x
Interest Coverage11.81x2.87x5.98x15.60x25.42x11.52x36.84x49.06x43.96x21.62x
FCF Conversion3.97x7.83x-100.35x1.78x1.50x1.91x1.48x1.18x1.24x2.71x
Revenue Growth-4.69%10.99%11.89%15.16%2.89%-1.59%46.85%10.83%-16.94%-21.1%

Revenue by Geography

2015201620172018201920202021202220232024
Asia---1.07B1.23B833.79M1.21B1.12B875.67M815.73M
Asia Growth----15.50%-32.47%45.06%-7.21%-21.97%-6.85%
Americas------429.8M638.35M539.94M364.31M
Americas Growth-------48.52%-15.42%-32.53%
Europe---195.41M234.09M119.4M165.88M240M246.13M131.09M
Europe Growth----19.80%-48.99%38.93%44.68%2.55%-46.74%
North America---155.14M291.95M276.02M----
North America Growth----88.19%-5.46%----
CHINA-548.01M593.1M-------
CHINA Growth--8.23%-------
All Others58.74M84.64M108.71M-------
All Others Growth-44.09%28.44%-------
UNITED STATES-79.87M86.28M-------
UNITED STATES Growth--8.02%-------
GERMANY-61.41M74.3M-------
GERMANY Growth--20.99%-------
TAIWAN, PROVINCE OF CHINA-59.09M67.4M-------
TAIWAN, PROVINCE OF CHINA Growth--14.07%-------
KOREA, REPUBLIC OF-60.67M65.85M-------
KOREA, REPUBLIC OF Growth--8.53%-------
SINGAPORE-48.46M58.57M-------
SINGAPORE Growth--20.85%-------
C N507.78M---------
C N Growth----------
U S76.87M---------
U S Growth----------
K R66.61M---------
K R Growth----------
D E57.04M---------
D E Growth----------
S G51.74M---------
S G Growth----------
T W30.13M---------
T W Growth----------

Frequently Asked Questions

Valuation & Price

Diodes Incorporated (DIOD) has a price-to-earnings (P/E) ratio of 60.5x. This suggests investors expect higher future growth.

Growth & Financials

Diodes Incorporated (DIOD) reported $1.43B in revenue for fiscal year 2024. This represents a 125% increase from $635.3M in 2011.

Diodes Incorporated (DIOD) saw revenue decline by 21.1% over the past year.

Yes, Diodes Incorporated (DIOD) is profitable, generating $64.2M in net income for fiscal year 2024 (3.4% net margin).

Dividend & Returns

Diodes Incorporated (DIOD) has a return on equity (ROE) of 2.4%. This is below average, suggesting room for improvement.

Diodes Incorporated (DIOD) generated $186.9M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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