Revenue growth has decelerated to 4.6% in 2026Q1, while structural constraints keep gross margins hovering near 30.5%, limiting the company's ability to scale operating income effectively.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Jun'01 | Jun'00 | Jun'99 | Jun'98 | Jun'97 | Jun'96 | Jun'95 |
|---|
| Sales/Revenue | 560.59M | 554.48M | 529.97M | 578.63M | 502.99M | 403.52M | 366.69M | 371.08M | 310.61M | 252.01M | 245.89M | 232.43M | 249.68M | 125.5M | 101.97M | 110.94M | 80.59M | 61.24M | 85.97M | 84.56M | 82.77M | 74.3M | 62.74M | 39.43M | 48.39M | 45.13M | 41.7M | 41.3M | 39.9M | 35.4M | 39.8M |
| Revenue Growth % | 8.63% | 4.62% | -8.41% | 15.04% | 24.65% | 10.04% | -1.18% | 19.47% | 23.25% | 2.49% | 5.79% | -6.91% | 98.95% | 23.08% | -8.09% | 37.66% | 31.6% | -28.76% | 1.67% | 2.16% | 11.39% | 18.43% | 59.1% | -18.5% | 7.21% | 8.23% | 0.97% | 3.51% | 12.71% | -11.06% | -7.44% |
| Cost of Goods Sold | 385.63M | 385.24M | 364.28M | 394.95M | 345.73M | 282.46M | 258.12M | 258.5M | 222.86M | 179.55M | 176.23M | 166.16M | 176.26M | 88.98M | 72.33M | 77.41M | 57.9M | 48.11M | 63.8M | 63.95M | 63.21M | 58.12M | 46.28M | 29.17M | 29.73M | 27.37M | 25.8M | 25.6M | 24.8M | 21.1M | 22M |
| COGS % of Revenue | - | 69.48% | 68.74% | 68.26% | 68.73% | 70% | 70.39% | 69.66% | 71.75% | 71.25% | 71.67% | 71.49% | 70.59% | 70.9% | 70.93% | 69.78% | 71.84% | 78.56% | 74.22% | 75.63% | 76.37% | 78.22% | 73.77% | 73.96% | 61.45% | 60.64% | 61.87% | 61.99% | 62.16% | 59.6% | 55.28% |
| Gross Profit | 174.96M | 169.24M | 165.69M | 183.68M | 157.26M | 121.06M | 108.58M | 112.58M | 87.75M | 72.46M | 69.66M | 66.27M | 73.43M | 36.52M | 29.64M | 33.53M | 22.69M | 13.13M | 22.17M | 20.61M | 19.56M | 16.18M | 16.46M | 10.27M | 18.65M | 17.77M | 15.9M | 15.7M | 15.1M | 14.3M | 17.8M |
| Gross Margin % | 31.21% | 30.52% | 31.26% | 31.74% | 31.26% | 30% | 29.61% | 30.34% | 28.25% | 28.75% | 28.33% | 28.51% | 29.41% | 29.1% | 29.07% | 30.22% | 28.16% | 21.44% | 25.78% | 24.37% | 23.63% | 21.78% | 26.23% | 26.04% | 38.55% | 39.36% | 38.13% | 38.01% | 37.84% | 40.4% | 44.72% |
| Gross Profit Growth % | - | 2.14% | -9.8% | 16.8% | 29.91% | 11.5% | -3.56% | 28.3% | 21.1% | 4.02% | 5.12% | -9.75% | 101.05% | 23.22% | -11.6% | 47.77% | 72.8% | -40.76% | 7.57% | 5.35% | 20.87% | -1.66% | 60.3% | -44.95% | 4.99% | 11.73% | 1.27% | 3.97% | 5.59% | -19.66% | -15.24% |
| Operating Expenses | 127.89M | 121.21M | 135.65M | 141.37M | 125.6M | 95.03M | 85.58M | 83.14M | 63.76M | 53.45M | 50.35M | 44.77M | 49.28M | 29.46M | 22.51M | 23.88M | 18.41M | 14.86M | 17.7M | 16.38M | 15.84M | 13.75M | 12.33M | 8.79M | 16.59M | 16.79M | 17.5M | 18M | 17.2M | 15.7M | 16.5M |
| OpEx % of Revenue | - | 21.86% | 25.6% | 24.43% | 24.97% | 23.55% | 23.34% | 22.4% | 20.53% | 21.21% | 20.48% | 19.26% | 19.74% | 23.48% | 22.08% | 21.52% | 22.84% | 24.26% | 20.59% | 19.37% | 19.14% | 18.51% | 19.65% | 22.28% | 34.28% | 37.2% | 41.97% | 43.58% | 43.11% | 44.35% | 41.46% |
| Selling, General & Admin | 84.98M | 82.38M | 80.98M | 83.12M | 72.55M | 59.67M | 53.69M | 54.22M | 43.84M | 35.91M | 34.32M | 30.4M | 32.68M | 20.71M | 15.9M | 18.27M | 13.81M | 10.08M | 12.8M | 11.39M | 11.01M | 9.22M | 8.78M | 6.62M | 11.72M | 11.63M | 11.8M | 12.1M | 12.4M | 11M | 11.9M |
| SG&A % of Revenue | - | 14.86% | 15.28% | 14.36% | 14.42% | 14.79% | 14.64% | 14.61% | 14.12% | 14.25% | 13.96% | 13.08% | 13.09% | 16.5% | 15.6% | 16.46% | 17.14% | 16.46% | 14.89% | 13.47% | 13.3% | 12.4% | 14% | 16.78% | 24.23% | 25.76% | 28.3% | 29.3% | 31.08% | 31.07% | 29.9% |
| Research & Development | 29.24M | 38.84M | 39.76M | 41.66M | 38.56M | 27.82M | 25.49M | 23.09M | 19.91M | 17.54M | 16.17M | 14.23M | 13.88M | 7.93M | 6.06M | 5.98M | 4.04M | 3.92M | 4.01M | 3.96M | 3.82M | 3.53M | 2.9M | 1.85M | 4.81M | 4.27M | 4.5M | 4.4M | 3.6M | 3.7M | 3.6M |
| R&D % of Revenue | - | 7% | 7.5% | 7.2% | 7.67% | 6.89% | 6.95% | 6.22% | 6.41% | 6.96% | 6.58% | 6.12% | 5.56% | 6.32% | 5.94% | 5.39% | 5.02% | 6.4% | 4.66% | 4.69% | 4.62% | 4.75% | 4.62% | 4.7% | 9.93% | 9.47% | 10.79% | 10.65% | 9.02% | 10.45% | 9.05% |
| Other Operating Expenses | 1000K | 0 | 14.91M | 16.59M | 14.49M | 7.54M | 6.4M | 5.83M | 0 | 0 | -138K | 142K | 2.71M | 825K | 548K | -369K | 551K | 851K | 895K | 1.03M | 1.01M | 1.01M | 647K | 315K | 57K | 890K | 1.2M | 1.5M | 1.2M | 1M | 1M |
| Operating Income | 47.08M | 48.02M | 30.04M | 42.31M | 31.66M | 26.03M | 22.99M | 29.44M | 23.99M | 19.01M | 19.31M | 21.5M | 24.15M | 7.06M | 7.13M | 9.65M | 4.97M | -17.99M | 4.46M | 4.22M | 3.72M | 2.43M | 4.12M | 1.27M | 1.48M | 974K | -1.6M | -2.3M | -2.1M | -1.4M | 1.3M |
| Operating Margin % | 8.4% | 8.66% | 5.67% | 7.31% | 6.29% | 6.45% | 6.27% | 7.93% | 7.72% | 7.54% | 7.85% | 9.25% | 9.67% | 5.62% | 6.99% | 8.7% | 6.17% | -29.37% | 5.19% | 5% | 4.49% | 3.27% | 6.57% | 3.22% | 3.05% | 2.16% | -3.84% | -5.57% | -5.26% | -3.95% | 3.27% |
| Operating Income Growth % | - | 59.88% | -29.01% | 33.67% | 21.63% | 13.19% | -21.9% | 22.73% | 26.18% | -1.54% | -10.18% | -10.98% | 242.16% | -0.98% | -26.15% | 94.13% | 127.64% | -503.07% | 5.66% | 13.64% | 52.9% | -41.02% | 224.57% | -14.01% | 51.64% | 160.88% | 30.43% | -9.52% | -50% | -207.69% | -18.75% |
| EBITDA | 72.41M | 73.43M | 55.93M | 67.38M | 57.14M | 44.13M | 38.98M | 44.3M | 35.57M | 29.29M | 29.06M | 28.96M | 31.42M | 9.97M | 8.93M | 11.82M | 6.79M | -15.07M | 7.98M | 7.7M | 7M | 5.66M | 6.45M | 2.63M | 2.31M | 1.86M | -400K | -800K | -900K | -400K | 2.3M |
| EBITDA Margin % | 12.92% | 13.24% | 10.55% | 11.64% | 11.36% | 10.94% | 10.63% | 11.94% | 11.45% | 11.62% | 11.82% | 12.46% | 12.58% | 7.94% | 8.75% | 10.66% | 8.42% | -24.61% | 9.28% | 9.1% | 8.46% | 7.62% | 10.28% | 6.67% | 4.77% | 4.13% | -0.96% | -1.94% | -2.26% | -1.13% | 5.78% |
| EBITDA Growth % | 37.92% | 31.3% | -17% | 17.92% | 29.48% | 13.22% | -12.01% | 24.55% | 21.44% | 0.78% | 0.33% | -7.8% | 215.08% | 11.71% | -24.5% | 74.2% | 145.03% | -288.95% | 3.64% | 9.94% | 23.67% | -12.25% | 145.34% | 13.91% | 23.82% | 566% | 50% | 11.11% | -125% | -117.39% | -28.13% |
| D&A (Non-Cash Add-back) | 25.34M | 25.41M | 25.89M | 25.07M | 25.49M | 18.11M | 15.98M | 14.86M | 11.58M | 10.27M | 9.75M | 7.47M | 7.27M | 2.91M | 1.8M | 2.17M | 1.81M | 2.92M | 3.51M | 3.47M | 3.28M | 3.23M | 2.33M | 1.36M | 831K | 890K | 1.2M | 1.5M | 1.2M | 1M | 1M |
| EBIT | 52.37M | 48.02M | 30.15M | 42.08M | 31.37M | 26.35M | 22.49M | 28.98M | 23.38M | 18.61M | 19.25M | 21.44M | 25.06M | 7.23M | 7.51M | 9.6M | 5.17M | -18.15M | 4.49M | 4.22M | 3.72M | 2.43M | 4.13M | 1.19M | 2.69M | 974K | -1.6M | -2.3M | -2.1M | -1.4M | 1.3M |
| Net Interest Income | -22.71M | -27.8M | -13.3M | -12.38M | -7.69M | -3.24M | -3.72M | -5.13M | -2.7M | -2.47M | -6.45M | -6.02M | -6.43M | -1.45M | -13K | -84K | -3K | -55K | -177K | -699K | -983K | -1.07M | -687K | -226K | 8K | 0 | 0 | 0 | -200K | -200K | -200K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 90K | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 22.71M | 27.8M | 13.3M | 12.38M | 7.69M | 3.24M | 3.72M | 5.13M | 2.7M | 2.47M | 6.45M | 6.02M | 6.43M | 1.45M | 13K | 84K | 3K | 55K | 177K | 699K | 983K | 1.07M | 687K | 226K | 82K | 0 | 0 | 0 | 200K | 200K | 200K |
| Other Income/Expense | -16.02M | -19.29M | -13.18M | -12.61M | -7.97M | -2.91M | -4.22M | -5.6M | -2.55M | -2.66M | -6.51M | -6.08M | -5.53M | -1.28M | 370K | -133K | 194K | -214K | -147K | -641K | -817K | -950K | -713K | -303K | 1.09M | 630K | 300K | 100K | -100K | 0 | 0 |
| Pretax Income | 31.06M | 28.73M | 16.86M | 29.7M | 23.68M | 23.11M | 18.78M | 23.84M | 20.68M | 16.14M | 12.8M | 15.42M | 18.62M | 5.78M | 7.5M | 9.52M | 5.17M | -18.2M | 4.32M | 3.58M | 2.9M | 1.48M | 3.41M | 967K | 2.57M | 1.6M | -1.3M | -2.2M | -2.2M | -1.4M | 1.3M |
| Pretax Margin % | 5.54% | 5.18% | 3.18% | 5.13% | 4.71% | 5.73% | 5.12% | 6.42% | 6.66% | 6.4% | 5.21% | 6.63% | 7.46% | 4.61% | 7.35% | 8.58% | 6.41% | -29.72% | 5.02% | 4.24% | 3.5% | 1.99% | 5.43% | 2.45% | 5.32% | 3.55% | -3.12% | -5.33% | -5.51% | -3.95% | 3.27% |
| Income Tax | 7.22M | 6.7M | 3.69M | 5.6M | 6.29M | -981K | 5.13M | 6.82M | 4.76M | 8.1M | 3.73M | 4.35M | 4.76M | 1.83M | 2.1M | 2.55M | 1.58M | -5.75M | 1.41M | 1.19M | 969K | 558K | 1.16M | 19K | 576K | 129K | 200K | -200K | -800K | -400K | 500K |
| Effective Tax Rate % | 23.26% | 23.32% | 21.9% | 18.87% | 26.57% | -4.24% | 27.34% | 28.6% | 23% | 50.2% | 29.09% | 28.19% | 25.58% | 31.62% | 28.02% | 26.81% | 30.6% | 31.61% | 32.6% | 33.13% | 33.41% | 37.68% | 34% | 1.96% | 22.4% | 8.04% | -15.38% | 9.09% | 36.36% | 28.57% | 38.46% |
| Net Income | 23.83M | 22.03M | 13.17M | 24.1M | 17.39M | 24.09M | 13.64M | 17.02M | 15.93M | 8.04M | 9.08M | 11.07M | 13.86M | 3.95M | 5.4M | 6.97M | 3.58M | -12.45M | 2.91M | 2.4M | 1.93M | 923K | 2.25M | 948K | 2M | 1.48M | -1.5M | -2M | -1.4M | -1M | 800K |
| Net Margin % | 4.25% | 3.97% | 2.48% | 4.16% | 3.46% | 5.97% | 3.72% | 4.59% | 5.13% | 3.19% | 3.69% | 4.76% | 5.55% | 3.15% | 5.29% | 6.28% | 4.45% | -20.33% | 3.38% | 2.83% | 2.33% | 1.24% | 3.59% | 2.4% | 4.13% | 3.27% | -3.6% | -4.84% | -3.51% | -2.82% | 2.01% |
| Net Income Growth % | 142.68% | 67.36% | -45.36% | 38.58% | -27.83% | 76.6% | -19.85% | 6.89% | 98.17% | -11.48% | -18.02% | -20.1% | 250.62% | -26.76% | -22.53% | 94.34% | 128.8% | -527.95% | 21.41% | 24.08% | 109.21% | -58.98% | 137.34% | -52.51% | 35.32% | 198.33% | 25% | -42.86% | -40% | -225% | -86.44% |
| Net Income (Continuing) | 23.83M | 22.03M | 13.17M | 24.1M | 17.39M | 24.09M | 13.64M | 17.02M | 15.93M | 8.04M | 9.08M | 11.07M | 13.86M | 3.95M | 5.4M | 6.97M | 3.58M | -12.45M | 2.91M | 2.4M | 1.93M | 923K | 2.25M | 948K | 2.02M | 1.48M | -1.5M | -2M | -1.4M | -1M | 800K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 1.41 | 1.32 | 0.79 | 1.48 | 1.09 | 1.66 | 0.95 | 1.20 | 1.13 | 0.58 | 0.66 | 0.80 | 1.00 | 0.29 | 0.42 | 0.54 | 0.30 | -1.10 | 0.26 | 0.22 | 0.19 | 0.09 | 0.24 | 0.12 | 0.28 | 0.21 | -0.23 | -0.31 | -0.22 | -0.16 | 0.13 |
| EPS Growth % | 142.62% | 67.09% | -46.62% | 35.78% | -34.34% | 74.74% | -20.83% | 6.19% | 94.83% | -12.12% | -17.5% | -20% | 244.83% | -30.95% | -22.22% | 80% | 127.27% | -523.08% | 18.18% | 15.79% | 112.05% | -62.67% | 100% | -57.14% | 33.33% | 191.3% | 25.81% | -40.91% | -37.5% | -223.08% | -83.54% |
| EPS (Basic) | - | 1.32 | 0.80 | 1.51 | 1.13 | 1.67 | 0.96 | 1.21 | 1.15 | 0.59 | 0.67 | 0.80 | 1.00 | 0.29 | 0.42 | 0.55 | 0.30 | -1.11 | 0.27 | 0.24 | 0.20 | 0.10 | 0.27 | 0.13 | 0.30 | 0.23 | -0.23 | -0.31 | -0.22 | -0.16 | 0.13 |
| Diluted Shares Outstanding | 16.88M | 16.73M | 16.6M | 16.27M | 15.95M | 14.52M | 14.33M | 14.19M | 14.05M | 13.91M | 13.66M | 13.86M | 13.82M | 13.64M | 12.95M | 12.86M | 12.06M | 11.29M | 11.05M | 10.87M | 10.3M | 10.3M | 9.28M | 7.59M | 7.25M | 7.18M | 6.42M | 6.43M | 6.36M | 6.25M | 6.32M |
| Basic Shares Outstanding | 16.71M | 16.67M | 16.53M | 15.96M | 15.45M | 14.41M | 14.24M | 14.1M | 13.9M | 13.73M | 13.52M | 13.84M | 13.82M | 13.64M | 12.95M | 12.66M | 11.84M | 11.26M | 10.9M | 10.04M | 9.69M | 9.37M | 8.37M | 7.39M | 6.74M | 6.51M | 6.42M | 6.43M | 6.36M | 6.25M | 6.32M |
| Dividend Payout Ratio | - | 9.08% | 15.05% | 7.58% | 8.83% | 5.69% | 8.5% | 6.87% | 6.78% | 11.93% | 10.38% | 8.33% | 6.15% | 22.49% | 15.55% | 4.78% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 62.5% |
Cyclical Margin Compression
According to the most recent quarterly filings, Allient Inc. reported a 4.62% year-over-year revenue increase, signaling a deceleration from the 17.5% growth observed in late 2025 and highlighting the inherent volatility of the company's industrial and vehicle-exposed end markets in the current macroeconomic environment.
The inconsistent revenue trajectory suggests that Allient is struggling to maintain momentum as industrial demand fluctuates. Investors should monitor whether the company's 'design-win' pipeline can provide enough stability to offset the cyclical downturns currently impacting its primary hardware segments.
As reported in financial statements, Allient's gross margin has hovered near 30.5%, reflecting a competitive hardware environment where the company's specialized engineering solutions are frequently pressured by the rising costs of raw materials like copper and rare-earth magnets essential for its motor and control systems.
The narrow gap between gross and operating margins indicates that the company carries a significant fixed-cost burden related to its specialized manufacturing and engineering talent. This structure leaves little room for error, as any disruption in supply chain costs or pricing power could rapidly erode the already thin net profitability.
Based on Allient's reported figures, operating income has failed to scale consistently with gross profit, as evidenced by an operating margin that fluctuated between 3.6% and 9.2% over the last ten quarters, suggesting that overhead costs are not yet optimized for the current revenue scale.
The lack of clear operating leverage implies that the company's 'lean' manufacturing initiatives have yet to fully translate into bottom-line efficiency. Analysts should investigate whether the recent rebranding and potential shift in M&A strategy are contributing to higher-than-expected SG&A expenses that dampen overall profitability.
Data from recent income statements indicates that Allient's net margin of 3.97% is significantly lower than its gross margin, a discrepancy that likely stems from non-cash amortization charges related to the company's historical 'string-of-pearls' acquisition strategy and associated intangible asset accounting practices.
The volatility in EPS, which swung from $0.07 to $0.42 over the observed period, suggests that reported net income may not accurately reflect the company's underlying cash-generating capacity. Investors should focus on adjusted earnings metrics to strip out these non-operating items and better assess the true operational performance.
While management emphasizes the stickiness of its 'design-in' components, the historical data shows that Allient's revenue growth is highly sensitive to broader industrial cycles, with multiple quarters of negative year-over-year growth occurring between 2024 and 2025, contradicting the notion of a purely defensive, secular growth profile.
Short-sellers may focus on the company's inability to maintain consistent margin expansion despite its specialized niche positioning. The reliance on cyclical end-markets like automotive and industrial automation suggests that the company's valuation may be vulnerable if the current economic slowdown persists longer than anticipated.
Quick answers to the most common questions about buying ALNT stock.
For fiscal year 2025, Allient Inc. (ALNT) reported total revenue of $554.5M. This represents a 1293.2% increase compared to $39.8M in 1994.
Allient Inc. (ALNT) is profitable, generating $22.0M in net income for the fiscal year ending 2025 with a net profit margin of 4.0%.
Allient Inc. (ALNT) reported an operating income of $48.0M, resulting in an operating profit margin of 8.7%. This margin reflects the operational efficiency of the business before interest and taxes.
Allient Inc. (ALNT) generated $169.2M in gross profit for the year, representing a gross profit margin of 30.5%. This demonstrates the company's core pricing power and production efficiency.