NASDAQ : DIOD
Diodes Incorporated — Financial statements
Technology · Semiconductors · United States
Last price 80.13 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 3.69B
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Financial statements
Diodes Incorporated (DIOD) reported revenue of 1.63B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.63B | 1.48B | 1.31B | 1.66B | 2.00B | 1.81B |
| Cost of Revenue | 1.12B | 1.02B | 875.26M | 1.00B | 1.17B | 1.13B |
| Gross Profit | 518.78M | 462.44M | 435.86M | 658.18M | 827.24M | 670.36M |
| Selling, General & Admin | 257.52M | 241.61M | 233.91M | 257.94M | 280.88M | 257.71M |
| Research & Development | 164.28M | 162.18M | 134.05M | 134.87M | 126.32M | 119.20M |
| Amortization of Goodwill & Intangibles | 18.42M | 22.23M | 16.50M | 15.28M | 15.61M | 16.22M |
| Other Operating Expenses | -321.00K | -1.00K | -16.00K | -108.00K | 1.00M | |
| Operating Expenses | 439.90M | 426.01M | 384.46M | 408.07M | 422.69M | 394.13M |
| Operating Income | 78.88M | 36.43M | 51.40M | 250.11M | 404.54M | 276.23M |
| Interest Expense | -2.82M | -2.78M | -2.33M | -5.70M | -8.32M | -7.49M |
| Interest & Investment Income | 26.46M | 28.30M | 18.30M | 13.34M | 3.67M | 3.14M |
| Currency Exchange Gain (Loss) | -10.60M | -12.82M | -6.31M | -5.26M | 2.12M | -2.11M |
| Other Non Operating Income (Expenses) | -1.10M | -687.00K | 2.89M | 6.72M | 6.79M | 8.05M |
| EBT Excluding Unusual Items | 86.10M | 48.45M | 63.95M | 259.20M | 408.80M | 277.82M |
| Merger & Restructuring Charges | -394.00K | -394.00K | -8.59M | -1.58M | ||
| Gain (Loss) on Sale of Investments | 24.17M | 22.74M | -321.00K | 18.27M | -16.51M | 28.02M |
| Gain (Loss) on Sale of Assets | -651.00K | 13.16M | 7.64M | 2.04M | 3.65M | 9.25M |
| Pretax Income | 109.22M | 83.96M | 62.68M | 277.93M | 395.94M | 315.10M |
| Income Tax Expense | 16.55M | 14.79M | 11.84M | 47.28M | 56.69M | 78.81M |
| Earnings From Continuing Operations | 92.67M | 69.17M | 50.84M | 230.65M | 339.25M | 236.29M |
| Minority Interest in Earnings | -6.58M | -3.03M | -6.82M | -3.47M | -7.97M | -7.53M |
| Net Income | 86.09M | 66.14M | 44.02M | 227.18M | 331.28M | 228.76M |
| Net Income to Common | 86.09M | 66.14M | 44.02M | 227.18M | 331.28M | 228.76M |
| Shares Outstanding (Basic) | 46.11M | 46.34M | 46.21M | 45.80M | 45.33M | 44.77M |
| Shares Outstanding (Diluted) | 46.36M | 46.41M | 46.41M | 46.31M | 46.04M | 45.78M |
| EPS (Basic) | 1.87 | 1.43 | 0.95 | 4.96 | 7.31 | 5.11 |
| EPS (Diluted) | 1.86 | 1.43 | 0.95 | 4.91 | 7.20 | 5.00 |
| Free Cash Flow | 142.51M | 137.15M | 46.41M | 130.15M | 180.77M | 197.35M |
| Free Cash Flow Per Share | 3.07 | 2.96 | 1.00 | 2.81 | 3.93 | 4.31 |
| Gross Margin | 31.73% | 31.20% | 33.24% | 39.61% | 41.35% | 37.14% |
| Operating Margin | 4.83% | 2.46% | 3.92% | 15.05% | 20.22% | 15.30% |
| Profit Margin | 5.27% | 4.46% | 3.36% | 13.67% | 16.56% | 12.67% |
| Free Cash Flow Margin | 8.72% | 9.25% | 3.54% | 7.83% | 9.04% | 10.93% |
| EBITDA | 221.29M | 180.20M | 188.56M | 387.47M | 532.32M | 398.89M |
| EBITDA Margin | 13.54% | 12.16% | 14.38% | 23.32% | 26.61% | 22.10% |
| D&A For EBITDA | 142.41M | 143.78M | 137.16M | 137.36M | 127.78M | 122.66M |
| EBIT | 78.88M | 36.43M | 51.40M | 250.11M | 404.54M | 276.23M |
| EBIT Margin | 4.83% | 2.46% | 3.92% | 15.05% | 20.22% | 15.30% |
| Effective Tax Rate | 15.16% | 17.61% | 18.89% | 17.01% | 14.32% | 25.01% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 430.45M | 367.21M | 308.67M | 315.46M | 336.73M | 363.60M |
| Short-Term Investments | 9.53M | 9.82M | 7.46M | 10.17M | 7.06M | 6.54M |
| Cash & Short-Term Investments | 439.98M | 377.03M | 316.13M | 325.63M | 343.79M | 370.14M |
| Receivables | 310.28M | 307.06M | 325.52M | 371.93M | 369.23M | 358.50M |
| Inventory | 504.56M | 471.55M | 474.95M | 389.77M | 360.28M | 348.62M |
| Prepaid Expenses | 103.61M | 96.20M | 101.50M | 97.02M | 84.00M | 107.19M |
| Restricted Cash | 1.63M | 5.13M | 6.05M | 3.03M | 4.37M | 3.22M |
| Total Current Assets | 1.36B | 1.26B | 1.22B | 1.19B | 1.16B | 1.19B |
| Property, Plant & Equipment | 708.73M | 701.76M | 738.11M | 797.15M | 780.71M | 631.82M |
| Long-Term Investments | 172.56M | 20.57M | 23.93M | 25.52M | 22.92M | 47.00M |
| Goodwill | 182.51M | 183.44M | 181.56M | 146.56M | 144.76M | 149.89M |
| Other Intangible Assets | 37.54M | 45.45M | 67.40M | 63.94M | 79.14M | 94.55M |
| Long-Term Deferred Tax Assets | 60.84M | 59.30M | 51.97M | 51.62M | 35.31M | 21.26M |
| Other Long-Term Assets | 61.11M | 180.61M | 99.16M | 95.49M | 63.81M | 62.31M |
| Total Assets | 2.58B | 2.45B | 2.39B | 2.37B | 2.29B | 2.19B |
| Accounts Payable | 183.54M | 149.38M | 133.76M | 158.26M | 160.44M | 221.25M |
| Accrued Expenses | 191.10M | 126.92M | 123.62M | 129.62M | 154.40M | 134.07M |
| Short-Term Debt | 18.56M | 30.26M | 31.43M | 40.69M | 36.28M | 18.07M |
| Current Portion of Long-Term Debt | 1.61M | 1.44M | 1.10M | 4.42M | 1.69M | 17.38M |
| Current Portion of Leases | 11.85M | 10.71M | 10.90M | 8.89M | 7.42M | 11.21M |
| Current Income Taxes Payable | 22.74M | 16.34M | 22.73M | 10.46M | 19.68M | 29.68M |
| Other Current Liabilities | 43.29M | 52.05M | 41.16M | 52.61M | 39.37M | |
| Total Current Liabilities | 429.40M | 378.34M | 375.60M | 393.50M | 432.53M | 471.03M |
| Long-Term Debt | 20.30M | 24.22M | 19.56M | 16.98M | 147.47M | 265.57M |
| Long-Term Leases | 36.69M | 28.97M | 28.71M | 27.38M | 20.81M | 22.31M |
| Long-Term Unearned Revenue | 8.29M | 8.99M | 9.10M | 9.97M | 14.14M | |
| Pension & Post-Retirement Benefits | 3.38M | 9.63M | 14.66M | 12.13M | 19.61M | |
| Long-Term Deferred Tax Liabilities | 5.10M | 6.14M | 6.95M | 13.66M | 12.90M | 32.23M |
| Other Long-Term Liabilities | 69.57M | 60.34M | 67.89M | 82.70M | 69.58M | 66.87M |
| Total Liabilities | 561.06M | 509.69M | 517.33M | 557.98M | 705.39M | 891.77M |
| Common Stock | 37.32M | 37.26M | 37.08M | 36.82M | 36.50M | 36.20M |
| Additional Paid-In Capital | 569.09M | 538.09M | 523.74M | 509.86M | 494.77M | 471.65M |
| Retained Earnings | 1.85B | 1.79B | 1.72B | 1.68B | 1.45B | 1.12B |
| Treasury Stock | -382.14M | -371.91M | -338.10M | -337.99M | -337.49M | -336.89M |
| Comprehensive Income & Other | -119.02M | -110.75M | -146.72M | -143.23M | -128.23M | -50.52M |
| Total Common Equity | 1.95B | 1.88B | 1.80B | 1.74B | 1.51B | 1.24B |
| Minority Interest | 70.01M | 60.28M | 73.65M | 68.94M | 69.27M | 65.48M |
| Shareholders' Equity | 2.02B | 1.94B | 1.87B | 1.81B | 1.58B | 1.30B |
| Total Liabilities & Equity | 2.58B | 2.45B | 2.39B | 2.37B | 2.29B | 2.19B |
| Total Debt | 89.00M | 95.61M | 91.70M | 98.36M | 213.67M | 334.55M |
| Net Cash (Debt) | 350.97M | 281.42M | 224.43M | 227.27M | 130.12M | 35.59M |
| Net Cash Per Share | 7.57 | 6.06 | 4.84 | 4.91 | 2.83 | 0.78 |
| Filing Date Shares Outstanding | 46.05M | 45.88M | 46.33M | 45.94M | 45.49M | 45.02M |
| Total Common Shares Outstanding | 45.87M | 45.88M | 46.33M | 45.94M | 45.47M | 45.02M |
| Working Capital | 930.66M | 878.62M | 848.56M | 793.89M | 729.14M | 716.64M |
| Book Value Per Share | 42.56 | 40.94 | 38.75 | 37.89 | 33.29 | 27.48 |
| Tangible Book Value | 1.73B | 1.65B | 1.55B | 1.53B | 1.29B | 992.80M |
| Tangible Book Value Per Share | 37.77 | 35.95 | 33.37 | 33.31 | 28.37 | 22.05 |
| Land | 73.46M | 72.14M | 74.22M | 67.85M | 66.90M | |
| Buildings | 366.67M | 352.67M | 340.49M | 323.94M | 276.96M | |
| Machinery | 1.35B | 1.28B | 1.20B | 1.14B | 962.60M | |
| Construction In Progress | 84.51M | 91.74M | 134.33M | 120.45M | 111.99M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 86.09M | 66.14M | 44.02M | 227.18M | 331.28M | 228.76M |
| Depreciation & Amortization | 142.41M | 143.78M | 137.16M | 137.36M | 127.78M | 122.66M |
| Other Amortization | 301.00K | 301.00K | 302.00K | 1.12M | 950.00K | 754.00K |
| Loss (Gain) From Sale of Assets | 651.00K | -13.16M | -7.64M | -2.04M | -3.63M | 243.00K |
| Asset Writedown & Restructuring Costs | 5.82M | 5.82M | ||||
| Loss (Gain) From Sale of Investments | -22.60M | -25.87M | 267.00K | -19.40M | 16.23M | -37.90M |
| Stock-Based Compensation | 32.44M | 25.75M | 22.77M | 30.91M | 36.29M | 33.20M |
| Other Operating Activities | -16.85M | -23.71M | -6.96M | -16.63M | -35.29M | 30.00M |
| Change in Accounts Receivable | -2.83M | 22.69M | 47.28M | -2.61M | -20.16M | -52.72M |
| Change in Inventory | -30.28M | 9.10M | -87.50M | -28.95M | -29.68M | -43.04M |
| Change in Accounts Payable | 38.60M | 13.79M | -23.44M | -2.17M | -50.08M | 55.63M |
| Change in Income Taxes | -646.00K | -7.48M | 12.41M | -9.31M | -8.33M | -1.46M |
| Change in Other Net Operating Assets | 16.94M | -1.61M | -19.24M | -34.56M | 27.14M | 2.40M |
| Operating Cash Flow | 250.04M | 215.51M | 119.44M | 280.91M | 392.50M | 338.54M |
| Capital Expenditures | -107.53M | -78.36M | -73.02M | -150.77M | -211.73M | -141.19M |
| Sale of Property, Plant & Equipment | 1.63M | 6.99M | 816.00K | 2.77M | 418.00K | 3.21M |
| Cash Acquisitions | -2.59M | -5.31M | -56.66M | -3.00K | -83.98M | -157.00K |
| Divestitures | 15.96M | 6.29M | 19.27M | 9.94M | ||
| Investment in Securities | -444.00K | -51.39M | 2.33M | -21.07M | -5.41M | -15.35M |
| Other Investing Activities | -3.83M | -4.06M | 8.49M | 4.46M | 16.17M | -678.00K |
| Investing Cash Flow | -112.76M | -116.18M | -118.04M | -158.32M | -265.26M | -144.23M |
| Short-Term Debt Issued | 59.07M | 90.77M | 29.04M | 114.29M | 21.86M | |
| Long-Term Debt Issued | 11.75M | 6.44M | 25.20M | 372.75M | 557.88M | |
| Total Debt Issued | 84.43M | 70.82M | 97.20M | 54.24M | 487.04M | 579.74M |
| Short-Term Debt Repaid | -61.92M | -98.35M | -24.51M | -93.50M | -146.37M | |
| Long-Term Debt Repaid | -7.81M | -6.52M | -154.13M | -505.81M | -586.29M | |
| Total Debt Repaid | -93.16M | -69.74M | -104.88M | -178.64M | -599.31M | -732.66M |
| Net Debt Issued (Repaid) | -8.72M | 1.08M | -7.67M | -124.40M | -112.27M | -152.92M |
| Issuance of Common Stock | 4.34M | |||||
| Repurchase of Common Stock | -38.59M | -38.15M | -9.56M | -15.64M | -12.30M | -14.82M |
| Other Financing Activities | 20.67M | -17.74M | -2.11M | -4.68M | -1.14M | 4.96M |
| Financing Cash Flow | -26.65M | -54.81M | -19.34M | -144.72M | -125.71M | -158.44M |
| Foreign Exchange Rate Adjustments | -1.32M | 13.10M | 14.19M | -485.00K | -27.24M | 10.42M |
| Net Cash Flow | 109.30M | 57.62M | -3.76M | -22.62M | -25.72M | 46.29M |
| Free Cash Flow | 142.51M | 137.15M | 46.41M | 130.15M | 180.77M | 197.35M |
| Free Cash Flow Margin | 8.72% | 9.25% | 3.54% | 7.83% | 9.04% | 10.93% |
| Free Cash Flow Per Share | 3.07 | 2.96 | 1.00 | 2.81 | 3.93 | 4.31 |
| Levered Free Cash Flow | 176.82M | 144.33M | 64.28M | 79.87M | 163.34M | 203.48M |
| Unlevered Free Cash Flow | 178.28M | 145.77M | 65.44M | 82.31M | 167.59M | 207.40M |
| Cash Interest Paid | 1.34M | 1.68M | 2.04M | 4.61M | 7.36M | 6.94M |
| Cash Income Tax Paid | 21.43M | 24.16M | 21.53M | 97.67M | 88.69M | 56.08M |
| Change in Working Capital | 21.79M | 36.48M | -70.49M | -77.59M | -81.11M | -39.18M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.69B | 2.29B | 2.86B | 3.70B | 3.46B | 4.94B |
| Enterprise Value | 3.34B | 2.06B | 2.70B | 3.55B | 3.47B | 5.01B |
| Last Close Price | 80.13 | 49.34 | 61.67 | 80.52 | 76.14 | 109.81 |
| PE Ratio | 43.09 | 34.60 | 64.90 | 16.28 | 10.45 | 21.61 |
| Forward PE | 17.82 | 29.08 | 34.40 | 30.12 | 11.68 | 19.27 |
| PS Ratio | 2.26 | 1.54 | 2.18 | 2.23 | 1.73 | 2.74 |
| PB Ratio | 1.88 | 1.18 | 1.53 | 2.04 | 2.19 | 3.79 |
| P/TBV Ratio | 2.13 | 1.39 | 1.85 | 2.42 | 2.68 | 4.98 |
| P/FCF Ratio | 25.89 | 16.69 | 61.57 | 28.42 | 19.15 | 25.05 |
| P/OCF Ratio | 14.76 | 10.62 | 23.92 | 13.17 | 8.82 | 14.60 |
| PEG Ratio | 0.20 | 298.29 | 298.29 | 7.55 | 1.30 | 0.52 |
| EV/Sales Ratio | 2.04 | 1.39 | 2.06 | 2.14 | 1.73 | 2.77 |
| EV/EBITDA Ratio | 15.09 | 11.44 | 14.32 | 9.17 | 6.51 | 12.56 |
| EV/EBIT Ratio | 42.33 | 56.58 | 52.52 | 14.21 | 8.57 | 18.14 |
| EV/FCF Ratio | 23.43 | 15.03 | 58.16 | 27.30 | 19.18 | 25.39 |
| Debt / Equity Ratio | 0.04 | 0.05 | 0.05 | 0.05 | 0.14 | 0.26 |
| Debt / EBITDA Ratio | 0.37 | 0.47 | 0.44 | 0.24 | 0.39 | 0.79 |
| Debt / FCF Ratio | 0.62 | 0.70 | 1.98 | 0.76 | 1.18 | 1.70 |
| Net Debt / Equity Ratio | -0.17 | -0.14 | -0.12 | -0.13 | -0.08 | -0.03 |
| Net Debt / EBITDA Ratio | -1.59 | -1.56 | -1.19 | -0.59 | -0.24 | -0.09 |
| Net Debt / FCF Ratio | -2.46 | -2.05 | -4.84 | -1.75 | -0.72 | -0.18 |
| Asset Turnover | 0.65 | 0.61 | 0.55 | 0.71 | 0.89 | 0.86 |
| Inventory Turnover | 2.26 | 2.15 | 2.02 | 2.68 | 3.31 | 3.46 |
| Quick Ratio | 1.75 | 1.81 | 1.71 | 1.77 | 1.65 | 1.55 |
| Current Ratio | 3.17 | 3.32 | 3.26 | 3.02 | 2.69 | 2.52 |
| Return on Equity (ROE) | 4.68% | 3.63% | 2.76% | 13.60% | 23.51% | 20.38% |
| Return on Assets (ROA) | 1.95% | 0.94% | 1.35% | 6.71% | 11.28% | 8.27% |
| Return on Invested Capital (ROIC) | 4.03% | 1.82% | 2.58% | 13.68% | 25.49% | 16.59% |
| Return on Capital Employed (ROCE) | 3.70% | 1.80% | 2.60% | 12.70% | 21.80% | 16.00% |
| Earnings Yield | 2.32% | 2.89% | 1.54% | 6.14% | 9.57% | 4.63% |
| FCF Yield | 3.86% | 5.99% | 1.62% | 3.52% | 5.22% | 3.99% |
| Buyback Yield / Dilution | 0.24% | -0.01% | -0.21% | -0.60% | -0.56% | 12.18% |