Diodes (DIOD) financial statements
Diodes reported revenue of $1.5B in fiscal 2025, up 5.2% a year over 9 years.
Net income was $66M and the operating margin 2.4%, against 4.0% in 2016.
Free cash flow was $137M, and the company returned $34M in net buybacks.
The diluted share count fell 7% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Diodes's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $942M | $1.1B | $1.2B | $1.2B | $1.2B | $1.8B | $2.0B | $1.7B | $1.3B | $1.5B |
| Cost of revenue | $655M | $697M | $779M | $783M | $798M | $1.1B | $1.2B | $1.0B | $875M | $1.0B |
| Gross profit | $287M | $357M | $435M | $466M | $431M | $670M | $827M | $658M | $436M | $462M |
| Research and development | $70M | $78M | $86M | $89M | $94M | $119M | $126M | $135M | $134M | $162M |
| Selling, general and admin | $158M | $169M | $176M | $181M | $185M | $258M | $281M | $258M | $234M | $242M |
| Operating income | $38M | $79M | $154M | $201M | $134M | $276M | $408M | $251M | $50M | $35M |
| Interest expense | $13M | $13M | $10M | $8M | $12M | $7M | $8M | $6M | $2M | $3M |
| Pre-tax income | $25M | $63M | $150M | $198M | $120M | $315M | $396M | $278M | $63M | $84M |
| Income tax | $7M | $62M | $45M | $44M | $21M | $79M | $57M | $47M | $12M | $15M |
| Net income | $16M | -$2M | $104M | $153M | $98M | $229M | $331M | $227M | $44M | $66M |
| EPS (diluted) | $0.32 | -$0.04 | $2.04 | $2.96 | $1.88 | $5.00 | $7.20 | $4.91 | $0.95 | $1.43 |
| Diluted shares | 50M | 49M | 51M | 52M | 52M | 46M | 46M | 46M | 46M | 46M |
| Gross margin | 30.5% | 33.8% | 35.9% | 37.3% | 35.1% | 37.1% | 41.3% | 39.6% | 33.2% | 31.2% |
| Operating margin | 4.0% | 7.5% | 12.7% | 16.1% | 10.9% | 15.3% | 20.4% | 15.1% | 3.8% | 2.4% |
| Net margin | 1.7% | -0.2% | 8.6% | 12.3% | 8.0% | 12.7% | 16.6% | 13.7% | 3.4% | 4.5% |
Balance sheet
Fiscal years, from Diodes's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $278M | $208M | $249M | $263M | $274M | $370M | $344M | $326M | $316M | $377M |
| Receivables | $217M | $200M | $228M | $260M | $320M | $358M | $369M | $372M | $326M | $307M |
| Inventory | $193M | $217M | $215M | $236M | $307M | $349M | $360M | $390M | $475M | $472M |
| Total current assets | $733M | $662M | $735M | $810M | $1.0B | $1.2B | $1.2B | $1.2B | $1.2B | $1.3B |
| Property, plant and equipment | $402M | $459M | $447M | $470M | $531M | $582M | $737M | $746M | $684M | $650M |
| Goodwill | $129M | $134M | $132M | $141M | $158M | $150M | $145M | $147M | $182M | $183M |
| Total assets | $1.5B | $1.5B | $1.5B | $1.6B | $2.0B | $2.2B | $2.3B | $2.4B | $2.4B | $2.4B |
| Total current liabilities | $185M | $247M | $254M | $285M | $510M | $471M | $433M | $393M | $376M | $378M |
| Total liabilities | $708M | $615M | $549M | $487M | $963M | $892M | $705M | $558M | $517M | $510M |
| Shareholders' equity | $776M | $832M | $931M | $1.1B | $964M | $1.2B | $1.5B | $1.7B | $1.8B | $1.9B |
| Net debt | -$233M | -$183M | -$213M | -$225M | -$246M | -$346M | -$335M | -$311M | -$308M | -$366M |
Cash flow
Fiscal years, from Diodes's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $125M | $181M | $186M | $230M | $187M | $339M | $393M | $281M | $119M | $216M |
| Capital spending | $59M | $111M | $88M | $99M | $76M | $141M | $212M | $151M | $73M | $78M |
| Free cash flow | $66M | $70M | $98M | $131M | $111M | $197M | $181M | $130M | $46M | $137M |
| Stock-based compensation | $14M | $19M | $21M | $21M | $25M | $33M | $36M | $31M | $23M | $26M |
| Share buybacks (net) | -$18M | -$9M | — | — | -$297M | $0 | $0 | $0 | $0 | -$34M |
| Net borrowing | -$36M | -$160M | -$57M | -$117M | $212M | -$28M | -$133M | -$129M | -$19,000 | $4M |
| Free cash flow margin | 7.0% | 6.6% | 8.1% | 10.5% | 9.1% | 10.9% | 9.0% | 7.8% | 3.5% | 9.3% |
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Open DIOD in InvestinglyQuestions
What was Diodes's revenue in 2025?
$1.5B in fiscal 2025, from its 10-K filing.
How much free cash flow does Diodes generate?
$137M in fiscal 2025 (operating cash flow minus capital spending).
From Diodes's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.