Advanced Energy
AEIS · Semiconductor Materials & Equipment
$216.63
0.0%Qnity Electronics
Q · Semiconductor Materials & Equipment
$109.83
1.0%The short version
- Qnity Electronics is the larger business, with $4.8B of revenue in fiscal 2025 against $1.8B for Advanced Energy, about 2.6 times as much.
- Advanced Energy grew revenue faster (21.4%, against 9.7%).
- Qnity Electronics turned more of its sales into free cash flow (20.8% FCF margin, against 7.0% FCF margin).
- Advanced Energy earned a higher return on the capital invested in it (13.6%, against 7.3%).
- Investors pay more for each dollar of Advanced Energy’s earnings: a P/E of 40.3x against 33.3x for Qnity Electronics.
| Latest fiscal year | AEIS · FY25 | Q · FY25 |
|---|---|---|
| Size | ||
| Market cap | $9.2B | $23.1B |
| Revenue | $1.8B | $4.8B |
| Free cash flow | $126M | $988M |
| Net income | $148M | $729M |
| Growth | ||
| Revenue growth | 21.4% | 9.7% |
| 5-year growth | 4.9% | — |
| Share count change | 2.1% | 0.2% |
| Profitability | ||
| Gross margin | 37.7% | 46.2% |
| Operating margin | 9.3% | — |
| Net margin | 8.3% | 15.3% |
| FCF margin | 7.0% | 20.8% |
| Return on capital | 13.6% | 7.3% |
| Return on equity | 11.6% | 8.2% |
| Balance sheet | ||
| Net debt | −$224M | $3.2B |
| Net debt / EBITDA | −1.0x | 2.3x |
| Dividends and buybacks | $45.8M | $13.0M |
| Valuation & quality | ||
| P/E | 40.3x | 33.3x |
| Piotroski F-score | 6 | — |
FY16
AEIS $327M
Q —
FY17
AEIS $453M
Q —
FY18
AEIS $719M
Q —
FY19
AEIS $789M
Q —
FY20
AEIS $1.4B
Q —
FY21
AEIS $1.5B
Q —
FY22
AEIS $1.8B
Q —
FY23
AEIS $1.7B
Q $4.0B
FY24
AEIS $1.5B
Q $4.3B
FY25
AEIS $1.8B
Q $4.8B
AEIS
Q
FY16
AEIS 38.8%
Q —
FY17
AEIS 44.3%
Q —
FY18
AEIS 23.9%
Q —
FY19
AEIS 6.9%
Q —
FY20
AEIS 12.4%
Q —
FY21
AEIS 10.4%
Q —
FY22
AEIS 12.6%
Q —
FY23
AEIS 6.9%
Q —
FY24
AEIS 2.5%
Q —
FY25
AEIS 9.3%
Q —
AEIS
Q
FY16
AEIS $112M
Q —
FY17
AEIS $174M
Q —
FY18
AEIS $131M
Q —
FY19
AEIS $23.2M
Q —
FY20
AEIS $165M
Q —
FY21
AEIS $111M
Q —
FY22
AEIS $125M
Q —
FY23
AEIS $148M
Q $651M
FY24
AEIS $74.0M
Q $861M
FY25
AEIS $126M
Q $988M
AEIS
Q
FY16
AEIS —
Q —
FY17
AEIS —
Q —
FY18
AEIS —
Q —
FY19
AEIS —
Q —
FY20
AEIS 22.8%
Q —
FY21
AEIS 20.0%
Q —
FY22
AEIS 22.9%
Q —
FY23
AEIS 11.4%
Q —
FY24
AEIS 3.6%
Q —
FY25
AEIS 13.6%
Q 7.3%
AEIS
Q
Add another company
Compare up to four at once.
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.