HIMXNasdaqSemiconductors & Related DevicesFiscal year ends December 31
Himax Technologies, Inc.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Mar 27, 2026
$11.98+0.33 (+2.83%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- 92.2
- Dividend yield
- 1.54%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
30.6%+5.7 pts over 5 years
Operating margin
5.3%−1.2 pts over 5 years
Net margin
5.3%−0.0 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 | -8.2% | -11.5% | -1.3% | +1.9% | |
| Gross profit | -7.9% | -19.5% | +2.9% | +4.5% | |
| Operating income | -35.3% | -44.5% | -5.3% | +3.7% | |
| Net income | -44.9% | -43.0% | -1.4% | +5.7% | |
| EPS, diluted | -43.5% | -42.4% | -1.5% | +6.4% | |
| Free cash flow | +16.5% | +19.0% | +4.4% | +25.3% | |
| Dividend per share | +27.6% | -33.4% | – | +2.1% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 11.2% | 10.3% | 4.9% | |
| Return on assets | 6.3% | 5.5% | 2.6% | |
| Current ratio | 2.14 | 1.97 | 1.58 | |
| Interest coverage | 93.6× | 34.0× | 12.6× | |
| Inventory turnover | 3.8× | 5.3× | 3.7× | |
| Capex to revenue | 1.0% | 0.7% | 2.4% | |
| Diluted shares | 345M | 347M | 349M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Himax Technologies generated $880.03M from operations and spent $545.88M on capital expenditure, dividends and share buybacks. 14% of that went back into the business.
Generated
$880.03M
Used
$545.88M
Capital expenditure$75.92M14%Dividends$464.62M85%Share buybacks$5.35M1%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin5.3%
×Asset turnover0.49×
×Equity multiplier1.89×
=Return on equity, FY20254.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 5.3% | 0.49× | 1.89× | 4.9% |
| FY2024 | 8.8% | 0.55× | 1.88× | 9.1% |
| FY2023 | 5.4% | 0.57× | 1.91× | 5.8% |
| FY2022 | 19.7% | 0.73× | 1.88× | 26.9% |
| FY2021 | 28.2% | 1.23× | 1.86× | 64.7% |
| FY2020 | 5.3% | 1.03× | 1.89× | 10.3% |
| FY2019 | -2.0% | 0.81× | 1.88× | -3.1% |
| FY2018 | 1.2% | 0.88× | 1.82× | 1.9% |
| FY2017 | 4.0% | 0.85× | 1.74× | 6.0% |
| FY2016 | 6.3% | 1.00× | 1.77× | 11.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$43.94M
- Cash generatingOperating cash flow above zero$140.03M
- Return on assets improvedROA up on the prior year4.9% → 2.7%
- Earnings backed by cashOperating cash flow above net income$140.03M vs $43.94M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.65 → 1.58
- No dilutionShare count did not rise350M → 349M
- Gross margin improvedGross margin up on the prior year30.46% → 30.57%
- More efficientAsset turnover rose0.55 → 0.51