NASDAQ : HIMX
Himax Technologies, Inc. — Financial statements
Technology · Semiconductors · Taiwan
Last price 11.69 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 2.04B
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Financial statements
Himax Technologies, Inc. (HIMX) reported revenue of 828.63M 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 | 828.63M | 832.17M | 906.80M | 945.43M | 1.20B | 1.55B |
| Cost of Revenue | 571.14M | 577.81M | 630.60M | 681.93M | 714.23M | 798.52M |
| Gross Profit | 257.48M | 254.36M | 276.20M | 263.50M | 487.11M | 748.58M |
| Selling, General & Admin | 51.85M | 49.11M | 47.65M | 48.89M | 53.96M | 52.36M |
| Research & Development | 164.70M | 161.13M | 160.33M | 171.39M | 175.56M | 151.39M |
| Operating Expenses | 216.55M | 210.24M | 207.98M | 220.28M | 229.52M | 203.56M |
| Operating Income | 40.93M | 44.13M | 68.22M | 43.21M | 257.59M | 545.02M |
| Interest Expense | -3.34M | -3.49M | -4.01M | -6.08M | -2.78M | -1.07M |
| Interest & Investment Income | 9.00M | 9.84M | 9.91M | 8.75M | 4.81M | 876.00K |
| Earnings From Equity Investments | -3.74M | -3.19M | -831.00K | -598.00K | -743.00K | -1.39M |
| Currency Exchange Gain (Loss) | -94.00K | 2.80M | 2.49M | -768.00K | 5.51M | 1.10M |
| Other Non Operating Income (Expenses) | 82.00K | 3.30M | 198.00K | 158.00K | 245.00K | 349.00K |
| EBT Excluding Unusual Items | 42.84M | 53.40M | 75.97M | 44.67M | 264.62M | 544.88M |
| Gain (Loss) on Sale of Investments | 1.49M | 1.47M | 1.36M | -277.00K | 1.25M | -284.00K |
| Gain (Loss) on Sale of Assets | 10.69M | |||||
| Pretax Income | 44.33M | 54.87M | 77.33M | 44.39M | 276.56M | 544.59M |
| Income Tax Expense | 7.45M | 9.59M | -2.44M | -5.03M | 41.10M | 110.66M |
| Earnings From Continuing Operations | 36.88M | 45.27M | 79.77M | 49.42M | 235.47M | 433.94M |
| Minority Interest in Earnings | -1.60M | -1.34M | -15.00K | 1.20M | 1.51M | 2.96M |
| Net Income | 35.27M | 43.94M | 79.75M | 50.62M | 236.98M | 436.90M |
| Net Income to Common | 35.27M | 43.94M | 79.75M | 50.62M | 236.98M | 436.90M |
| Shares Outstanding (Basic) | 174.41M | 174.52M | 174.80M | 174.50M | 174.72M | 174.61M |
| Shares Outstanding (Diluted) | 174.41M | 174.59M | 175.01M | 174.78M | 174.82M | 174.87M |
| EPS (Basic) | 0.20 | 0.25 | 0.46 | 0.29 | 1.36 | 2.50 |
| EPS (Diluted) | 0.20 | 0.25 | 0.46 | 0.28 | 1.36 | 2.50 |
| Free Cash Flow | 27.54M | 119.90M | 102.92M | 129.46M | 71.11M | 380.71M |
| Free Cash Flow Per Share | 0.16 | 0.69 | 0.59 | 0.74 | 0.41 | 2.18 |
| Dividend Per Share | 0.37 | 0.29 | 0.48 | 1.25 | ||
| Gross Margin | 31.07% | 30.57% | 30.46% | 27.87% | 40.55% | 48.39% |
| Operating Margin | 4.94% | 5.30% | 7.52% | 4.57% | 21.44% | 35.23% |
| Profit Margin | 4.26% | 5.28% | 8.79% | 5.35% | 19.73% | 28.24% |
| Free Cash Flow Margin | 3.32% | 14.41% | 11.35% | 13.69% | 5.92% | 24.61% |
| EBITDA | 60.94M | 62.72M | 86.18M | 58.92M | 274.12M | 561.81M |
| EBITDA Margin | 7.36% | 7.54% | 9.50% | 6.23% | 22.82% | 36.31% |
| D&A For EBITDA | 20.01M | 18.60M | 17.96M | 15.71M | 16.53M | 16.79M |
| EBIT | 40.93M | 44.13M | 68.22M | 43.21M | 257.59M | 545.02M |
| EBIT Margin | 4.94% | 5.30% | 7.52% | 4.57% | 21.44% | 35.23% |
| Effective Tax Rate | 16.81% | 17.48% | 14.86% | 20.32% | ||
| Revenue as Reported | 828.63M | 832.17M | 906.80M | 945.43M | 1.20B | 1.55B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 271.30M | 257.50M | 218.15M | 191.75M | 221.58M | 336.02M |
| Short-Term Investments | 4.11M | 2.71M | 4.29M | 12.51M | 8.31M | 26.01M |
| Trading Asset Securities | 23.33M | 26.00M | 2.14M | 2.12M | 2.35M | |
| Cash & Short-Term Investments | 298.74M | 286.22M | 224.57M | 206.38M | 229.90M | 364.38M |
| Accounts Receivable | 220.25M | 200.88M | 236.81M | 235.83M | 261.15M | 410.21M |
| Other Receivables | 31.00K | 514.00K | 739.00K | 1.52M | 55.00K | 71.00K |
| Receivables | 220.28M | 201.39M | 237.55M | 237.35M | 262.40M | 411.48M |
| Inventory | 151.47M | 152.68M | 158.75M | 217.31M | 370.93M | 198.60M |
| Other Current Assets | 621.74M | 625.04M | 547.17M | 539.55M | 473.58M | 218.38M |
| Total Current Assets | 1.29B | 1.27B | 1.17B | 1.20B | 1.34B | 1.19B |
| Property, Plant & Equipment | 117.26M | 110.36M | 117.69M | 125.68M | 123.93M | 132.79M |
| Long-Term Investments | 121.91M | 93.56M | 60.35M | 26.77M | 22.16M | 17.38M |
| Goodwill | 28.14M | 28.14M | 28.14M | 28.14M | 28.14M | 28.14M |
| Other Intangible Assets | 1.77M | 2.56M | 636.00K | 816.00K | 1.09M | 6.62M |
| Long-Term Deferred Tax Assets | 21.95M | 22.27M | 21.19M | 14.20M | 11.80M | 7.19M |
| Other Long-Term Assets | 190.92M | 212.79M | 243.47M | 247.21M | 177.83M | 218.24M |
| Total Assets | 1.77B | 1.74B | 1.64B | 1.64B | 1.70B | 1.60B |
| Accounts Payable | 132.06M | 138.68M | 113.20M | 107.34M | 122.04M | 248.43M |
| Accrued Expenses | 60.22M | 49.00M | 59.30M | 51.05M | 52.86M | |
| Short-Term Debt | 568.20M | 568.20M | 503.70M | 453.00M | 369.30M | 151.40M |
| Current Portion of Long-Term Debt | 6.00M | 6.14M | 6.00M | 6.00M | 6.00M | 6.00M |
| Current Portion of Leases | 1.75M | 3.71M | 4.64M | 4.22M | 4.60M | |
| Current Income Taxes Payable | 19.52M | 14.36M | 9.51M | 15.31M | 69.38M | 96.55M |
| Current Unearned Revenue | 4.42M | 3.32M | 18.00M | 25.13M | 49.17M | 37.66M |
| Other Current Liabilities | 105.59M | 6.84M | 3.50M | 38.08M | 22.83M | 3.72M |
| Total Current Liabilities | 835.78M | 799.51M | 706.63M | 708.80M | 694.00M | 601.23M |
| Long-Term Debt | 19.50M | 22.50M | 28.50M | 34.50M | 40.50M | 46.50M |
| Long-Term Leases | 2.47M | 3.45M | 6.74M | 7.46M | 11.26M | |
| Long-Term Unearned Revenue | 10.22M | |||||
| Long-Term Deferred Tax Liabilities | 699.00K | 727.00K | 564.00K | 520.00K | 691.00K | 965.00K |
| Other Long-Term Liabilities | 8.74M | 7.68M | 4.04M | 29.14M | 65.29M | 61.04M |
| Total Liabilities | 864.72M | 832.88M | 743.19M | 779.70M | 807.94M | 731.21M |
| Common Stock | 107.01M | 107.01M | 107.01M | 107.01M | 107.01M | 107.01M |
| Additional Paid-In Capital | 115.16M | 115.85M | 115.38M | 114.65M | 112.25M | 108.84M |
| Retained Earnings | 625.80M | 643.59M | 664.60M | 640.45M | 679.12M | 660.30M |
| Treasury Stock | -9.76M | -9.76M | -5.55M | -5.16M | -5.59M | -5.76M |
| Comprehensive Income & Other | 61.30M | 36.70M | 8.62M | -180.00K | -218.00K | -666.00K |
| Total Common Equity | 899.51M | 893.39M | 890.06M | 856.77M | 892.57M | 869.72M |
| Minority Interest | 9.94M | 8.75M | 6.27M | 6.93M | 1.25M | 2.26M |
| Shareholders' Equity | 909.45M | 902.14M | 896.33M | 863.70M | 893.82M | 871.98M |
| Total Liabilities & Equity | 1.77B | 1.74B | 1.64B | 1.64B | 1.70B | 1.60B |
| Total Debt | 593.70M | 601.06M | 545.36M | 504.88M | 427.48M | 219.76M |
| Net Cash (Debt) | -294.96M | -314.84M | -320.79M | -298.50M | -197.58M | 144.62M |
| Net Cash Per Share | -1.69 | -1.80 | -1.83 | -1.71 | -1.13 | 0.83 |
| Filing Date Shares Outstanding | 174.43M | 174.43M | 174.91M | 174.72M | 174.42M | 174.30M |
| Total Common Shares Outstanding | 174.43M | 174.43M | 174.91M | 174.42M | 174.42M | 174.30M |
| Working Capital | 456.44M | 465.82M | 461.41M | 491.78M | 642.81M | 591.62M |
| Book Value Per Share | 5.16 | 5.12 | 5.09 | 4.91 | 5.12 | 4.99 |
| Tangible Book Value | 869.60M | 862.69M | 861.29M | 827.81M | 863.34M | 834.97M |
| Tangible Book Value Per Share | 4.99 | 4.95 | 4.92 | 4.75 | 4.95 | 4.79 |
| Land | 37.81M | 37.65M | 37.65M | 41.83M | 41.83M | |
| Buildings | 80.56M | 80.03M | 77.78M | 76.47M | 75.38M | |
| Machinery | 177.81M | 168.12M | 159.96M | 143.93M | 139.79M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 35.27M | 43.94M | 79.75M | 50.62M | 236.98M | 436.90M |
| Depreciation & Amortization | 22.53M | 21.12M | 22.14M | 20.32M | 21.34M | 21.34M |
| Other Amortization | 1.43M | 1.43M | 214.00K | |||
| Loss (Gain) From Sale of Assets | 14.00K | -3.19M | 4.00K | -368.00K | -10.69M | -147.00K |
| Loss (Gain) From Sale of Investments | -1.49M | -1.47M | -1.36M | 277.00K | -1.25M | 284.00K |
| Loss (Gain) on Equity Investments | 3.74M | 3.19M | 831.00K | 598.00K | 743.00K | 1.39M |
| Stock-Based Compensation | 631.00K | 730.00K | 1.25M | 2.66M | 3.10M | 700.00K |
| Provision & Write-off of Bad Debts | -190.00K | |||||
| Other Operating Activities | 18.38M | 21.62M | 1.65M | -37.30M | -12.88M | 96.52M |
| Change in Accounts Receivable | -1.60M | 29.38M | -40.74M | 20.80M | 146.87M | -166.40M |
| Change in Inventory | -27.79M | -10.50M | 45.01M | 132.09M | -194.54M | -99.34M |
| Change in Accounts Payable | -11.01M | 25.77M | 14.57M | 7.68M | -124.87M | 74.95M |
| Change in Unearned Revenue | 2.07M | 1.10M | 45.00K | -37.05M | 1.28M | 41.26M |
| Change in Other Net Operating Assets | 2.87M | 6.93M | -7.38M | -7.48M | 16.82M | -19.00M |
| Operating Cash Flow | 45.05M | 140.03M | 115.98M | 152.84M | 82.91M | 388.28M |
| Capital Expenditures | -17.52M | -20.12M | -13.05M | -23.38M | -11.80M | -7.56M |
| Sale of Property, Plant & Equipment | 111.00K | |||||
| Cash Acquisitions | -584.00K | -584.00K | -5.42M | 433.00K | ||
| Divestitures | 14.77M | |||||
| Sale (Purchase) of Intangibles | -609.00K | -397.00K | -153.00K | -115.00K | -331.00K | -468.00K |
| Sale (Purchase) of Real Estate | 2.82M | 3.08M | ||||
| Investment in Securities | -11.33M | -27.68M | -15.46M | -11.82M | 15.80M | -12.07M |
| Other Investing Activities | 28.40M | 28.43M | 33.56M | -56.93M | -3.44M | -215.65M |
| Investing Cash Flow | -1.64M | -20.35M | -516.00K | -88.88M | 15.00M | -232.68M |
| Short-Term Debt Issued | 2.20B | 1.78B | 1.43B | 1.21B | 626.60M | |
| Long-Term Debt Issued | 40.00M | |||||
| Total Debt Issued | 2.39B | 2.20B | 1.78B | 1.43B | 1.25B | 626.60M |
| Short-Term Debt Repaid | -2.14B | -1.73B | -1.35B | -994.80M | -579.20M | |
| Long-Term Debt Repaid | -9.58M | -11.03M | -10.83M | -50.29M | -10.67M | |
| Lease Payments | -2.20M | -3.16M | -5.03M | -4.83M | -4.29M | -4.67M |
| Total Debt Repaid | -2.34B | -2.15B | -1.74B | -1.36B | -1.05B | -589.87M |
| Net Debt Issued (Repaid) | 54.62M | 54.74M | 39.67M | 72.87M | 207.61M | 36.73M |
| Issuance of Common Stock | 515.00K | 515.00K | 1.18M | |||
| Repurchase of Common Stock | -630.00K | -4.51M | -3.00M | |||
| Common Dividends Paid | -64.49M | -64.93M | -50.67M | -83.72M | -217.87M | -47.42M |
| Other Financing Activities | -66.63M | -66.55M | -74.22M | -82.74M | -200.80M | 5.02M |
| Financing Cash Flow | -76.62M | -80.74M | -88.22M | -93.59M | -211.07M | -4.49M |
| Foreign Exchange Rate Adjustments | -179.00K | 421.00K | -844.00K | -200.00K | -1.28M | -23.00K |
| Net Cash Flow | -33.38M | 39.36M | 26.40M | -29.83M | -114.44M | 151.09M |
| Free Cash Flow | 27.54M | 119.90M | 102.92M | 129.46M | 71.11M | 380.71M |
| Free Cash Flow Margin | 3.32% | 14.41% | 11.35% | 13.69% | 5.92% | 24.61% |
| Free Cash Flow Per Share | 0.16 | 0.69 | 0.59 | 0.74 | 0.41 | 2.18 |
| Levered Free Cash Flow | -83.99M | 30.07M | 60.39M | 75.56M | -214.10M | 241.73M |
| Unlevered Free Cash Flow | -81.90M | 32.25M | 62.90M | 79.36M | -212.36M | 242.40M |
| Free Cash Flow After Leases | 25.34M | 116.74M | 97.89M | 124.63M | 66.82M | 376.05M |
| Cash Interest Paid | 3.29M | 3.69M | 4.01M | 6.08M | 2.78M | 1.07M |
| Cash Income Tax Paid | 2.38M | 6.01M | 9.14M | 53.07M | 71.50M | 19.65M |
| Change in Working Capital | -35.45M | 52.68M | 11.50M | 116.04M | -154.44M | -168.52M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.82B | 1.43B | 1.40B | 1.06B | 1.08B | 2.78B |
| Enterprise Value | 2.12B | 1.76B | 1.74B | 1.40B | 1.27B | 2.74B |
| Last Close Price | 10.45 | 8.05 | 7.60 | 5.55 | 5.31 | 11.77 |
| PE Ratio | 26.48 | 32.60 | 17.61 | 20.92 | 4.57 | 6.37 |
| Forward PE | 12.15 | 54.60 | 40.20 | 15.97 | 11.02 | 5.59 |
| PS Ratio | 2.20 | 1.72 | 1.55 | 1.12 | 0.90 | 1.80 |
| PB Ratio | 2.03 | 1.59 | 1.57 | 1.23 | 1.21 | 3.19 |
| P/TBV Ratio | 2.10 | 1.66 | 1.63 | 1.28 | 1.25 | 3.33 |
| P/FCF Ratio | 66.19 | 11.95 | 13.65 | 8.18 | 15.22 | 7.31 |
| P/OCF Ratio | 40.46 | 10.23 | 12.11 | 6.93 | 13.05 | 7.17 |
| PEG Ratio | 1.23 | 1.23 | 1.23 | 1.23 | 1.23 | |
| EV/Sales Ratio | 2.56 | 2.12 | 1.92 | 1.48 | 1.06 | 1.77 |
| EV/EBITDA Ratio | 34.75 | 28.07 | 20.24 | 23.74 | 4.64 | 4.88 |
| EV/EBIT Ratio | 51.73 | 39.90 | 25.57 | 32.37 | 4.94 | 5.03 |
| EV/FCF Ratio | 76.90 | 14.68 | 16.95 | 10.81 | 17.90 | 7.20 |
| Debt / Equity Ratio | 0.65 | 0.67 | 0.61 | 0.58 | 0.48 | 0.25 |
| Debt / EBITDA Ratio | 9.36 | 9.21 | 6.04 | 7.95 | 1.53 | 0.39 |
| Debt / FCF Ratio | 21.56 | 5.01 | 5.30 | 3.90 | 6.01 | 0.58 |
| Net Debt / Equity Ratio | 0.32 | 0.35 | 0.36 | 0.35 | 0.22 | -0.17 |
| Net Debt / EBITDA Ratio | 4.84 | 5.02 | 3.72 | 5.07 | 0.72 | -0.26 |
| Net Debt / FCF Ratio | 10.71 | 2.63 | 3.12 | 2.31 | 2.78 | -0.38 |
| Asset Turnover | 0.48 | 0.49 | 0.55 | 0.56 | 0.73 | 1.23 |
| Inventory Turnover | 3.99 | 3.71 | 3.35 | 2.32 | 2.51 | 5.20 |
| Quick Ratio | 0.62 | 0.61 | 0.65 | 0.63 | 0.71 | 1.29 |
| Current Ratio | 1.55 | 1.58 | 1.65 | 1.69 | 1.93 | 1.98 |
| Return on Equity (ROE) | 4.14% | 5.04% | 9.06% | 5.62% | 26.67% | 63.95% |
| Return on Assets (ROA) | 1.47% | 1.64% | 2.60% | 1.62% | 9.74% | 27.11% |
| Return on Invested Capital (ROIC) | 2.80% | 2.99% | 5.73% | 3.84% | 24.12% | 73.35% |
| Return on Capital Employed (ROCE) | 4.40% | 4.70% | 7.30% | 4.60% | 25.60% | 54.40% |
| Earnings Yield | 3.78% | 3.07% | 5.68% | 4.78% | 21.89% | 15.70% |
| FCF Yield | 1.51% | 8.37% | 7.33% | 12.23% | 6.57% | 13.68% |
| Dividend Yield | 3.54% | 4.61% | 4.78% | 7.74% | 7.83% | |
| Payout Ratio | 39.79% | 147.79% | 63.53% | 165.40% | 91.94% | 10.85% |
| Buyback Yield / Dilution | 0.27% | 0.24% | -0.13% | 0.02% | 0.03% | -0.86% |
| Total Shareholder Return | 3.82% | 0.24% | 4.47% | 4.80% | 7.76% | 6.97% |