Last 48 quarters of trend data · Industrials · Electrical Equipment & Parts
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Advanced Energy Industries, Inc.'s quarterly P/E stands at 51.1x, up 39.3% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 159.1% YoY to 49.8x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 93.03 | 51.06 | 40.26 | 35.45 | 49.44 | 36.66 | 22.41 | — | 69.72 | 182.11 | 27.23 | 29.98 | 38.70 |
| — | +39.3% | +79.7% | — | -29.1% | -79.9% | -17.7% | — | +80.2% | +509.5% | +47.3% | +205.2% | +152.4% | |
| P/S Ratio | 7.55 | 6.66 | 4.30 | 3.53 | 2.84 | 2.24 | 2.64 | 2.64 | 2.82 | 2.93 | 2.53 | 2.38 | 2.53 |
| — | +196.9% | +62.6% | +34.0% | +0.7% | -23.5% | +4.7% | +10.9% | +11.1% | +34.9% | +53.4% | +68.7% | +62.5% | |
| P/B Ratio | 10.12 | 9.84 | 6.18 | 5.01 | 3.98 | 2.95 | 3.65 | 3.39 | 3.53 | 3.36 | 3.58 | 3.55 | 3.74 |
| — | +233.3% | +69.1% | +47.7% | +12.9% | -12.3% | +2.1% | -4.3% | -5.8% | -0.4% | +18.0% | +20.5% | +25.8% | |
| P/FCF | 107.91 | — | 46.86 | 33.49 | 73.22 | 60.52 | 15.70 | 46.11 | — | — | 14.67 | 16.44 | 202.95 |
| — | — | +198.4% | -27.4% | — | — | +7.1% | +180.5% | — | — | -6.9% | +15.8% | +648.5% | |
| EV / EBITDA | 52.39 | 49.79 | 32.39 | 25.17 | 26.39 | 19.22 | 21.44 | 143.80 | 34.78 | 53.84 | 33.33 | 21.05 | 22.83 |
| — | +159.1% | +51.0% | -82.5% | -24.1% | -64.3% | -35.7% | +583.3% | +52.4% | +228.0% | +202.7% | +161.9% | +114.9% | |
| EV / EBIT | 69.03 | — | 32.39 | 30.95 | 38.09 | 26.87 | 24.01 | — | 41.96 | 68.36 | 33.71 | 25.75 | 30.08 |
| — | — | +34.9% | — | -9.2% | -60.7% | -28.8% | — | +39.5% | +210.8% | +163.8% | +167.3% | +119.9% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Advanced Energy Industries, Inc.'s operating margin was 13.4% in Q1 2026, up 0.3 pp QoQ and up 5.8 pp YoY. This marks the 4th consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 11.1% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 5.7% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 37.2% | 39.3% | 39.4% | 38.8% | 37.0% | 37.2% | 37.2% | 35.8% | 35.0% | 34.5% | 35.3% | 35.9% | 35.4% |
| — | +5.7% | +5.9% | +8.4% | +5.8% | +7.9% | +5.6% | -0.3% | -1.1% | -5.5% | -2.7% | -3.0% | -3.7% | |
| Operating Margin | 10.9% | 13.4% | 13.1% | 10.6% | 7.2% | 7.6% | 8.2% | -3.0% | 3.5% | 0.3% | 3.4% | 7.3% | 7.2% |
| — | +76.7% | +60.0% | +459.7% | +102.5% | +2652.2% | +141.0% | -140.3% | -50.7% | -97.1% | -71.3% | -51.2% | -40.0% | |
| Net Margin | 8.2% | 13.1% | 10.7% | 10.0% | 5.7% | 6.1% | 11.8% | -4.0% | 4.1% | 1.6% | 9.3% | 8.0% | 6.5% |
| — | +114.1% | -9.2% | +350.4% | +40.7% | +270.2% | +27.1% | -149.9% | -37.9% | -77.3% | +3.8% | -44.4% | -36.0% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.6% | 4.9% | 3.9% | 3.6% | 2.0% | 2.0% | 4.1% | -1.3% | 1.3% | 0.5% | 3.3% | 2.9% | 2.4% |
| — | +139.6% | -5.1% | +381.6% | +58.0% | +329.9% | +23.6% | -143.5% | -47.5% | -83.5% | -21.5% | -62.1% | -50.4% | |
| ROA | 6.2% | 2.6% | 2.1% | 1.9% | 1.1% | 1.1% | 2.2% | -0.6% | 0.6% | 0.2% | 1.5% | 1.5% | 1.4% |
| — | +140.2% | -4.3% | +404.6% | +84.2% | +409.1% | +47.7% | -142.8% | -57.4% | -86.2% | -32.7% | -61.8% | -43.4% | |
| ROIC | 12.2% | 3.9% | 3.9% | 3.0% | 2.0% | 2.0% | 2.2% | -0.7% | 0.8% | 0.1% | 0.9% | 2.0% | 2.0% |
| — | +99.6% | +76.4% | +528.5% | +138.2% | +3205.9% | +140.8% | -135.3% | -58.7% | -97.8% | -77.4% | -63.9% | -51.4% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Advanced Energy Industries, Inc.'s Debt/EBITDA ratio is 10.0x, down from 10.6x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 64.1% YoY to 1.59x, tightening the short-term liquidity position. Debt/Equity has declined for 9 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.50 | 0.49 | 0.50 | 0.52 | 0.55 | 0.55 | 0.56 | 0.57 | 0.88 | 0.90 | 0.89 | 0.93 | 0.41 |
| — | -10.9% | -10.8% | -8.2% | -37.6% | -38.5% | -37.5% | -39.0% | +111.3% | +107.3% | +96.7% | +88.9% | -23.1% | |
| Debt / EBITDA | 2.64 | 10.00 | 10.59 | 10.62 | 14.57 | 14.59 | 13.26 | 96.37 | 34.26 | 57.45 | 33.49 | 21.92 | 10.09 |
| — | -31.4% | -20.1% | -89.0% | -57.5% | -74.6% | -60.4% | +339.6% | +239.6% | +583.2% | +411.3% | +317.4% | +37.0% | |
| Current Ratio | 1.59 | 1.59 | 1.59 | 4.10 | 4.09 | 4.43 | 4.42 | 4.62 | 5.47 | 5.61 | 5.10 | 5.32 | 3.80 |
| — | -64.1% | -64.1% | -11.2% | -25.2% | -21.0% | -13.3% | -13.2% | +43.9% | +78.1% | +68.6% | +94.7% | +36.0% | |
| Quick Ratio | 1.17 | 1.13 | 1.17 | 3.01 | 2.97 | 3.28 | 3.27 | 3.32 | 4.22 | 4.40 | 4.10 | 4.16 | 2.51 |
| — | -65.5% | -64.2% | -9.4% | -29.5% | -25.5% | -20.1% | -20.2% | +68.3% | +108.9% | +98.2% | +133.2% | +41.0% | |
| Interest Coverage | 11.69 | 16.66 | 15.63 | 12.45 | 9.62 | 9.54 | 9.74 | -1.28 | 4.05 | 3.25 | — | 10.13 | 12.28 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Advanced Energy Industries, Inc.'s current P/E is 93.0x. The average P/E over the last 4 quarters is 44.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Advanced Energy Industries, Inc.'s current operating margin is 10.9%. 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 Advanced Energy Industries, Inc.'s business trajectory between earnings reports.