NYSE : AADX
Applied Aerospace & Defense, Inc. — Financial statements
Industrials · Aerospace & Defense · United States
Last price 11.82 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 2.04B
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Financial statements
Applied Aerospace & Defense, Inc. (AADX) reported revenue of 575.91M 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 | |
|---|---|---|---|
| Revenue | 575.91M | 498.76M | 399.79M |
| Cost of Revenue | 428.68M | 359.38M | 301.71M |
| Gross Profit | 147.23M | 139.38M | 98.08M |
| Selling, General & Admin | 181.63M | 53.96M | 40.29M |
| Amortization of Goodwill & Intangibles | 31.20M | 26.06M | 23.46M |
| Operating Expenses | 212.83M | 80.02M | 63.75M |
| Operating Income | -65.59M | 59.36M | 34.33M |
| Interest Expense | -83.17M | -72.81M | -63.70M |
| EBT Excluding Unusual Items | -148.77M | -13.45M | -29.38M |
| Merger & Restructuring Charges | -491.00K | -491.00K | -1.46M |
| Pretax Income | -149.26M | -13.94M | -30.84M |
| Income Tax Expense | 24.88M | 3.09M | 3.93M |
| Net Income | -174.14M | -17.02M | -34.77M |
| Net Income to Common | -174.14M | -17.02M | -34.77M |
| Shares Outstanding (Basic) | 172.39M | 130.06M | |
| Shares Outstanding (Diluted) | 172.39M | 130.06M | |
| EPS (Basic) | -1.01 | -0.13 | |
| EPS (Diluted) | -1.01 | -0.13 | |
| Free Cash Flow | -129.43M | -46.37M | -10.23M |
| Free Cash Flow Per Share | -0.75 | -0.36 | |
| Gross Margin | 25.56% | 27.94% | 24.53% |
| Operating Margin | -11.39% | 11.90% | 8.59% |
| Profit Margin | -30.24% | -3.41% | -8.70% |
| Free Cash Flow Margin | -22.47% | -9.30% | -2.56% |
| EBITDA | -18.32M | 98.78M | 69.55M |
| EBITDA Margin | -3.18% | 19.80% | 17.40% |
| D&A For EBITDA | 47.27M | 39.42M | 35.22M |
| EBIT | -65.59M | 59.36M | 34.33M |
| EBIT Margin | -11.39% | 11.90% | 8.59% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | |
|---|---|---|---|
| Cash & Equivalents | 18.11M | 15.47M | 27.47M |
| Cash & Short-Term Investments | 18.11M | 15.47M | 27.47M |
| Receivables | 267.26M | 212.20M | 161.90M |
| Inventory | 60.96M | 57.38M | 50.49M |
| Prepaid Expenses | 8.73M | 6.52M | 5.10M |
| Total Current Assets | 355.06M | 291.57M | 244.97M |
| Property, Plant & Equipment | 167.04M | 157.10M | 152.72M |
| Goodwill | 581.43M | 342.49M | 332.96M |
| Other Intangible Assets | 353.30M | 199.67M | 215.93M |
| Long-Term Deferred Charges | 869.00K | ||
| Other Long-Term Assets | 43.39M | 7.60M | 3.21M |
| Total Assets | 1.50B | 999.30M | 949.79M |
| Accounts Payable | 45.77M | 37.89M | 33.65M |
| Accrued Expenses | 15.46M | 15.11M | 10.86M |
| Short-Term Debt | 15.00M | ||
| Current Portion of Long-Term Debt | 5.32M | 7.07M | 5.68M |
| Current Portion of Leases | 1.82M | 4.62M | 3.21M |
| Current Income Taxes Payable | 36.51M | 1.79M | |
| Current Unearned Revenue | 25.29M | 21.55M | 32.00M |
| Other Current Liabilities | 11.33M | 8.23M | 11.35M |
| Total Current Liabilities | 141.50M | 94.48M | 113.54M |
| Long-Term Debt | 395.17M | 626.98M | 554.95M |
| Long-Term Leases | 29.22M | 68.53M | 67.47M |
| Long-Term Deferred Tax Liabilities | 55.80M | 35.18M | 34.48M |
| Other Long-Term Liabilities | 50.64M | 14.67M | 13.51M |
| Total Liabilities | 672.34M | 839.84M | 783.95M |
| Additional Paid-In Capital | 1.06B | 223.15M | 212.28M |
| Retained Earnings | -232.14M | -63.04M | -46.01M |
| Comprehensive Income & Other | -646.00K | -646.00K | -418.00K |
| Shareholders' Equity | 827.88M | 159.46M | 165.84M |
| Total Liabilities & Equity | 1.50B | 999.30M | 949.79M |
| Total Debt | 431.54M | 707.20M | 646.31M |
| Net Cash (Debt) | -413.43M | -691.72M | -618.84M |
| Net Cash Per Share | -2.40 | -5.32 | |
| Filing Date Shares Outstanding | 172.39M | 130.06M | |
| Total Common Shares Outstanding | 172.39M | 130.06M | |
| Working Capital | 213.56M | 197.09M | 131.42M |
| Book Value Per Share | 4.80 | 1.23 | |
| Tangible Book Value | -106.84M | -382.70M | -383.05M |
| Tangible Book Value Per Share | -0.62 | -2.94 | |
| Land | 10.10M | 10.10M | 10.10M |
| Buildings | 48.36M | 47.91M | 27.70M |
| Machinery | 114.60M | 73.74M | 64.34M |
| Construction In Progress | 14.55M | 4.00M | 19.66M |
| Leasehold Improvements | 6.19M | 3.02M | 1.12M |
| Order Backlog | 871.26M | 792.63M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | |
|---|---|---|---|
| Net Income | -174.14M | -17.02M | -34.77M |
| Depreciation & Amortization | 47.27M | 39.42M | 35.22M |
| Stock-Based Compensation | 112.45M | 3.21M | 2.54M |
| Other Operating Activities | 1.69M | 6.19M | -930.00K |
| Change in Accounts Receivable | -66.58M | -49.15M | -1.66M |
| Change in Inventory | 8.30M | -6.48M | -2.96M |
| Change in Accounts Payable | -6.37M | 5.53M | 3.99M |
| Change in Unearned Revenue | -5.43M | -12.39M | 3.32M |
| Change in Other Net Operating Assets | -11.55M | 1.75M | -100.00K |
| Operating Cash Flow | -94.37M | -28.94M | 4.65M |
| Capital Expenditures | -35.06M | -17.43M | -14.88M |
| Cash Acquisitions | -305.81M | -10.35M | -34.27M |
| Investing Cash Flow | -340.87M | -27.78M | -49.15M |
| Short-Term Debt Issued | 27.00M | 8.00M | |
| Long-Term Debt Issued | 433.34M | 134.77M | |
| Total Debt Issued | 828.37M | 460.34M | 142.77M |
| Short-Term Debt Repaid | -42.00M | ||
| Long-Term Debt Repaid | -367.65M | -22.03M | |
| Total Debt Repaid | -1.03B | -409.65M | -22.03M |
| Net Debt Issued (Repaid) | -202.64M | 50.69M | 120.74M |
| Common Dividends Paid | -80.00M | ||
| Other Financing Activities | -5.95M | -5.95M | -3.08M |
| Financing Cash Flow | 445.74M | 44.73M | 37.66M |
| Net Cash Flow | 10.51M | -11.99M | -6.84M |
| Free Cash Flow | -129.43M | -46.37M | -10.23M |
| Free Cash Flow Margin | -22.47% | -9.30% | -2.56% |
| Free Cash Flow Per Share | -0.75 | -0.36 | |
| Levered Free Cash Flow | -48.67M | ||
| Unlevered Free Cash Flow | -3.16M | ||
| Cash Interest Paid | 65.38M | 62.74M | 62.56M |
| Cash Income Tax Paid | 9.43M | 9.43M | 7.06M |
| Change in Working Capital | -81.64M | -60.74M | 2.59M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | |
|---|---|---|---|
| Market Capitalization | 1.92B | ||
| Enterprise Value | 2.33B | ||
| Debt / Equity Ratio | 0.52 | 4.43 | 3.90 |
| Debt / EBITDA Ratio | 6.63 | 8.53 | |
| Net Debt / Equity Ratio | 0.50 | 4.34 | 3.73 |
| Net Debt / EBITDA Ratio | -22.56 | 7.00 | 8.90 |
| Net Debt / FCF Ratio | -3.19 | -14.92 | -60.50 |
| Asset Turnover | 0.51 | ||
| Inventory Turnover | 6.66 | ||
| Quick Ratio | 2.02 | 2.41 | 1.67 |
| Current Ratio | 2.51 | 3.09 | 2.16 |
| Return on Equity (ROE) | -10.47% | ||
| Return on Assets (ROA) | 3.81% | ||
| Return on Capital Employed (ROCE) | -4.80% | 6.60% | 4.10% |