Last 48 quarters of trend data · Technology · Optical & Photonic Components
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -134.32 | 354.50 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 5.38 | 8.08 | 15.74 | 10.63 | 4.57 | 3.46 | 3.54 | 1.92 | 4.23 | 2.32 | 1.89 | 3.27 | 2.92 | 1.44 | 1.06 | 0.30 | 0.22 | 0.33 | 0.20 | 0.48 | 0.64 |
| — | +133.4% | +344.5% | +452.8% | +7.9% | +48.9% | +87.8% | -41.2% | +44.9% | +61.7% | +78.6% | +986.5% | +1237.3% | +330.4% | +416.1% | -37.3% | -66.0% | -63.4% | -80.5% | -56.9% | -40.3% | |
| P/B Ratio | 4.11 | 3.89 | 7.25 | 5.81 | 3.34 | 2.94 | 3.43 | 2.49 | 7.41 | 2.85 | 1.75 | 2.72 | 3.29 | 2.02 | 1.08 | 0.37 | 0.29 | 0.38 | 0.19 | 0.42 | 0.55 |
| — | +32.4% | +111.1% | +133.8% | -54.9% | +2.9% | +96.1% | -8.5% | +125.5% | +41.6% | +62.5% | +635.0% | +1028.3% | +428.5% | +452.3% | -11.7% | -46.9% | -48.3% | -76.2% | -47.3% | -32.2% | |
| P/FCF | — | — | — | — | 8.23 | — | — | — | — | — | — | — | — | — | 3.11 | — | — | — | 8.29 | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | -62.5% | — | — | — | — | — | — | |
| EV / EBITDA | — | 159.34 | — | — | — | — | — | — | — | — | — | — | 493.58 | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | — | 214.15 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 30.0% | 28.2% | 27.7% | 29.1% | 31.2% | 28.0% | 30.3% | 30.6% | 28.7% | 24.4% | 22.1% | 18.7% | 35.7% | 32.3% | 19.0% | 17.4% | 10.1% | 17.2% | 16.5% | 17.3% | 14.9% |
| — | +0.6% | -8.4% | -5.0% | +9.0% | +14.8% | +37.0% | +63.9% | -19.8% | -24.3% | +16.4% | +7.1% | +253.5% | +87.6% | +15.0% | +0.9% | -32.1% | +12.8% | -17.1% | -19.9% | -31.0% | |
| Operating Margin | -12.0% | -0.5% | -12.9% | -8.6% | -8.6% | -15.3% | -15.5% | -8.9% | -6.5% | -25.4% | -60.7% | -53.2% | -7.5% | -10.7% | -38.4% | -26.7% | -29.8% | -23.8% | -24.7% | -27.3% | -25.0% |
| — | +96.5% | +17.0% | +4.0% | -32.7% | +39.6% | +74.4% | +83.2% | +13.9% | -137.6% | -58.1% | -99.2% | +74.9% | +55.1% | -55.5% | +2.0% | -19.1% | +17.9% | +2.1% | +3.5% | +0.4% | |
| Net Margin | -8.4% | 2.3% | -11.9% | -9.4% | -1.5% | -15.1% | -8.8% | -9.2% | -119.4% | -27.3% | -60.4% | -57.0% | -22.9% | -14.3% | -40.7% | -30.7% | -32.9% | -27.6% | -27.6% | -30.7% | -26.7% |
| — | +115.4% | -34.3% | -2.9% | +98.7% | +44.5% | +85.4% | +83.9% | -420.7% | -90.4% | -48.2% | -85.4% | +30.3% | +48.1% | -47.3% | +0.1% | -23.0% | +7.1% | -82.6% | +2.2% | -4.1% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -7.9% | 0.3% | -1.6% | -1.6% | -0.3% | -3.6% | -2.5% | -3.4% | -54.3% | -8.9% | -13.7% | -11.3% | -7.0% | -5.2% | -10.1% | -9.1% | -10.6% | -7.5% | -6.3% | -6.5% | -5.6% |
| — | +108.8% | +33.7% | +54.5% | +99.4% | +59.1% | +81.9% | +69.8% | -669.8% | -70.0% | -35.4% | -23.8% | +33.3% | +29.9% | -60.2% | -40.3% | -88.5% | -28.1% | -113.3% | -15.8% | -13.3% | |
| ROA | -4.5% | 0.2% | -1.2% | -1.0% | -0.2% | -2.0% | -1.3% | -1.5% | -25.0% | -4.7% | -7.5% | -6.3% | -3.6% | -2.5% | -4.6% | -4.1% | -4.9% | -3.7% | -3.3% | -3.6% | -3.2% |
| — | +111.5% | +6.7% | +32.1% | +99.2% | +56.9% | +83.1% | +75.4% | -588.6% | -91.2% | -63.3% | -52.2% | +26.2% | +33.4% | -39.5% | -15.4% | -55.2% | -9.0% | -89.8% | -9.2% | -15.5% | |
| ROIC | -7.9% | -0.1% | -1.6% | -1.3% | -1.3% | -2.2% | -2.4% | -1.7% | -1.5% | -4.2% | -6.8% | -5.5% | -1.2% | -1.8% | -4.1% | -3.4% | -4.3% | -3.1% | -2.8% | -2.9% | -2.7% |
| — | +97.1% | +30.3% | +23.2% | +13.7% | +47.7% | +65.4% | +69.8% | -26.8% | -138.0% | -66.3% | -64.0% | +72.8% | +41.9% | -47.2% | -15.8% | -57.0% | -1.0% | -5.5% | -8.2% | -6.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.23 | 0.16 | 0.16 | 0.16 | 0.23 | 0.42 | 0.50 | 0.62 | 0.83 | 0.57 | 0.59 | 0.60 | 0.56 | 0.74 | 0.81 | 0.90 | 0.84 | 0.76 | 0.68 | 0.64 | 0.59 |
| — | -62.9% | -68.1% | -74.5% | -72.6% | -26.5% | -15.2% | +3.4% | +47.8% | -22.5% | -27.6% | -34.2% | -33.1% | -2.9% | +18.3% | +40.9% | +43.0% | +30.4% | +22.6% | +13.5% | +5.6% | |
| Debt / EBITDA | — | 26.37 | — | — | — | — | — | — | — | — | — | — | 305.74 | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 2.63 | 2.34 | 2.78 | 3.83 | 2.63 | 2.31 | 2.11 | 1.88 | 1.77 | 1.61 | 1.64 | 1.79 | 1.85 | 0.87 | 0.77 | 0.79 | 1.32 | 1.43 | 1.50 | 1.66 | 1.78 |
| — | +1.2% | +31.4% | +103.7% | +48.3% | +43.6% | +28.7% | +4.9% | -4.2% | +84.2% | +113.1% | +128.0% | +39.9% | -39.1% | -48.5% | -52.6% | -25.8% | -33.2% | -34.9% | -22.2% | -12.2% | |
| Quick Ratio | 1.91 | 1.77 | 2.13 | 3.03 | 1.91 | 1.63 | 1.47 | 1.34 | 1.25 | 1.06 | 0.97 | 1.06 | 1.16 | 0.51 | 0.42 | 0.44 | 0.75 | 0.71 | 0.74 | 0.87 | 0.93 |
| — | +8.6% | +44.3% | +125.7% | +52.8% | +53.6% | +51.6% | +26.3% | +7.6% | +105.8% | +132.9% | +139.3% | +56.0% | -28.0% | -43.7% | -48.9% | -19.9% | -37.1% | -37.8% | -17.4% | -2.7% | |
| Interest Coverage | -12.36 | 8.09 | -22.18 | -14.33 | -11.45 | -38.77 | -10.12 | -8.82 | -67.24 | -9.43 | -14.43 | -12.82 | -3.43 | -3.50 | -6.79 | -6.62 | -9.73 | -8.64 | -9.27 | -10.46 | -8.94 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying AAOI stock.
Applied Optoelectronics, Inc.'s current P/E is -134.3x. The average P/E over the last 1 quarters is 354.5x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Applied Optoelectronics, Inc.'s current operating margin is -12.0%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Applied Optoelectronics, Inc.'s business trajectory between earnings reports.