DIODNasdaqSemiconductors & Related DevicesFiscal year ends December 31
DIODES INC /DEL/
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$84.77+1.92 (+2.32%)
Close on Oct 19, 2026
- Market cap
- $3.94B
- P/E (TTM)
- 45.8
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
31.2%−3.9 pts over 5 years
Operating margin
2.4%−8.5 pts over 5 years
Net margin
4.5%−3.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +13.0% | -9.5% | +3.8% | +5.7% | |
| Gross profit | +6.1% | -17.6% | +1.4% | +6.4% | |
| Operating income | -29.7% | -55.7% | -23.4% | -1.7% | |
| Net income | +50.2% | -41.6% | -7.6% | +10.5% | |
| EPS, diluted | +50.5% | -41.7% | -5.3% | +11.3% | |
| Free cash flow | +195.5% | -8.8% | +4.2% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 2.0% | 9.5% | 3.6% | |
| Return on assets | 1.0% | 5.4% | 2.7% | |
| Current ratio | 3.95 | 2.01 | 3.32 | |
| Interest coverage | 2.9× | 11.5× | 12.8× | |
| Inventory turnover | 3.3× | 2.9× | 2.2× | |
| Capex to revenue | 6.2% | 6.2% | 5.3% | |
| Diluted shares | 50M | 52M | 46M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Diodes generated $1.35B from operations and spent $688.89M on capital expenditure, dividends and share buybacks. 95% of that went back into the business.
Generated
$1.35B
Used
$688.89M
Capital expenditure$655.08M95%Dividends$00%Share buybacks$33.81M5%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin4.5%
×Asset turnover0.61×
×Equity multiplier1.32×
=Return on equity, FY20253.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 4.5% | 0.61× | 1.32× | 3.6% |
| FY2024 | 3.4% | 0.55× | 1.34× | 2.5% |
| FY2023 | 13.7% | 0.71× | 1.43× | 14.0% |
| FY2022 | 16.6% | 0.89× | 1.63× | 24.1% |
| FY2021 | 12.7% | 0.86× | 1.90× | 20.8% |
| FY2020 | 8.0% | 0.68× | 1.75× | 9.5% |
| FY2019 | 12.3% | 0.79× | 1.55× | 15.0% |
| FY2018 | 8.6% | 0.81× | 1.71× | 11.8% |
| FY2017 | -0.2% | 0.70× | 1.88× | -0.2% |
| FY2016 | 1.7% | 0.60× | 1.99× | 2.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$66.14M
- Cash generatingOperating cash flow above zero$215.51M
- Return on assets improvedROA up on the prior year1.9% → 2.8%
- Earnings backed by cashOperating cash flow above net income$215.51M vs $66.14M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose3.26 → 3.32
- No dilutionShare count did not rise46M → 46M
- Gross margin improvedGross margin up on the prior year33.24% → 31.20%
- More efficientAsset turnover rose0.55 → 0.62