Applied Optoelectronics vs Netgear
Netgear is the larger business, with $700m of revenue in fiscal 2025 against $456m for Applied Optoelectronics (1.5 times as much). Applied Optoelectronics grew faster (82.8% against 3.8%). Netgear kept more of each dollar of sales as profit: a net margin of -2.6% against -8.4%.
| Latest fiscal year | Applied OptoelectronicsAAOI, 2025 | NetgearNTGR, 2025 |
|---|---|---|
| Revenue | $456m | $700m |
| Revenue growth | 82.8% | 3.8% |
| Net income | −$38.2m | −$17.9m |
| Operating margin | -12.0% | — |
| Net margin | -8.4% | -2.6% |
| Return on equity | -7.9% | -3.5% |
| Free cash flow | −$354m | −$18.9m |
| Cash | $206m | $210m |
| Total debt | $164m | $0 |
| Debt to equity | 22.3% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $50.7m |
| Employees | 4,691 | 784 |
| Market value | $5.33bn | $596m |
| Price vs our value range | — | Below our value range |
| Moat score | 16 (Weak) | 44 (Weak) |
| Insider trades, 12 months | 0 buys, 53 sales | 0 buys, 12 sales |