PENGNasdaqSemiconductors & Related DevicesFiscal year ends August 29
Penguin Solutions, Inc.
Financials through Q3 FY2026, quarter ended May 29, 2026Last filing: 10-K on Oct 20, 2026
$56.54−0.56 (-0.98%)
Close on Oct 19, 2026
- Market cap
- $3.11B
- P/E (TTM)
- 40.1
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2014 to 2025
Gross margin
28.8%+9.5 pts over 5 years
Operating margin
4.2%+0.6 pts over 5 years
Net margin
1.9%+2.0 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 | +16.9% | -0.7% | +4.0% | +7.8% | |
| Gross profit | +15.7% | +0.3% | +12.7% | +11.6% | |
| Operating income | +217.8% | -4.7% | +7.1% | – | |
| Net income | – | -27.5% | – | – | |
| EPS, diluted | – | -38.8% | – | – | |
| Free cash flow | +73.3% | +5.8% | +12.8% | +27.1% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -539.3% | -0.4% | 6.5% | |
| Return on assets | – | -0.2% | 1.6% | |
| Current ratio | 1.39 | 1.97 | 2.25 | |
| Debt to equity | -196.20 | 0.69 | 1.17 | |
| Net debt to EBITDA | 4.71× | 0.58× | 0.07× | |
| Inventory turnover | – | 6.4× | 4.8× | |
| Capex to revenue | 2.6% | 2.9% | 0.7% | |
| Diluted shares | 28M | 48M | 54M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Penguin Solutions generated $548.94M from operations and spent $308.93M on capital expenditure, dividends and share buybacks. 34% of that went back into the business.
Generated
$548.94M
Used
$308.93M
Capital expenditure$104.89M34%Dividends$00%Share buybacks$204.04M66%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin1.9%
×Asset turnover0.89×
×Equity multiplier3.94×
=Return on equity, FY20256.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 1.9% | 0.89× | 3.94× | 6.5% |
| FY2024 | -4.5% | 0.79× | 4.86× | -17.1% |
| FY2023 | -13.0% | 0.94× | 5.18× | -63.1% |
| FY2022 | 4.8% | 0.96× | 4.28× | 19.5% |
| FY2021 | 2.0% | 0.99× | 3.60× | 7.2% |
| FY2020 | -0.1% | 1.51× | 2.68× | -0.4% |
| FY2019 | 4.2% | 1.76× | 2.99× | 22.3% |
| FY2018 | 9.3% | 2.24× | 4.28× | 88.6% |
| FY2017 | -1.0% | 1.62× | 11.57× | -19.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$25.39M
- Cash generatingOperating cash flow above zero$109.08M
- Return on assets improvedROA up on the prior year-3.5% → 1.7%
- Earnings backed by cashOperating cash flow above net income$109.08M vs $25.39M
- Less leverageLong-term debt to assets fell44.6% → 27.3%
- Better liquidityCurrent ratio rose2.65 → 2.25
- No dilutionShare count did not rise52M → 54M
- Gross margin improvedGross margin up on the prior year29.11% → 28.80%
- More efficientAsset turnover rose0.78 → 0.93