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Advanced Energy Industries vs M-tron Industries: revenue, profit, margins and growth compared

Advanced Energy Industries brought in $1.8B of revenue in fiscal 2025, M-tron Industries $54.4M in fiscal 2025. Revenue changed by +21.4% at Advanced Energy Industries and +11.0% at M-tron Industries on the year before, so Advanced Energy Industries grew faster. Advanced Energy Industries kept 8.2% of its revenue as net profit, M-tron Industries 15.5%. Free cash flow was $125.9M at Advanced Energy Industries and $8.1M at M-tron Industries.

Side by side, latest fiscal year

AEISMPTI
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1.8B$54.4M
Revenue growth+21.4%+11.0%
Net income$148.4M$8.4M
Net margin8.2%15.5%
Free cash flow$125.9M$8.1M
Free cash flow margin7.0%14.9%
Earnings per share (diluted)$3.84$2.62
Cash$791.2M$20.9M
Debt$567.5Mn/a
Price to earnings72.828.3
Market value$11.2B$321.9M
Dividend yield0.04%n/a
Rank by revenue in sector#157 of 530 · Technology#444 of 530 · Technology

Over the years

Revenue
AEIS FY2018: $718.9MAEIS FY2019: $788.9MAEIS FY2020: $1.4BAEIS FY2021: $1.5BAEIS FY2022: $1.8BAEIS FY2023: $1.7BAEIS FY2024: $1.5BAEIS FY2025: $1.8BMPTI FY2022: $26.7MMPTI FY2022: $31.8MMPTI FY2023: $41.2MMPTI FY2024: $49MMPTI FY2025: $54.4MFY18FY19FY20FY21FY22FY23FY24FY25
AEIS $1.8BMPTI $54.4M
Net income
AEIS FY2018: $147MAEIS FY2019: $64.9MAEIS FY2020: $134.7MAEIS FY2021: $134.7MAEIS FY2022: $199.7MAEIS FY2023: $128.3MAEIS FY2024: $54.2MAEIS FY2025: $148.4MMPTI FY2022: $1.6MMPTI FY2022: $1.8MMPTI FY2023: $3.5MMPTI FY2024: $7.6MMPTI FY2025: $8.4MFY18FY19FY20FY21FY22FY23FY24FY25
AEIS $148.4MMPTI $8.4M
Net margin
AEIS FY2018: 20.5%AEIS FY2019: 8.2%AEIS FY2020: 9.5%AEIS FY2021: 9.3%AEIS FY2022: 10.8%AEIS FY2023: 7.7%AEIS FY2024: 3.7%AEIS FY2025: 8.2%MPTI FY2022: 5.9%MPTI FY2022: 5.6%MPTI FY2023: 8.5%MPTI FY2024: 15.6%MPTI FY2025: 15.5%FY18FY19FY20FY21FY22FY23FY24FY25
AEIS 8.2%MPTI 15.5%
Revenue growth
AEIS FY2019: +9.7%AEIS FY2020: +79.5%AEIS FY2021: +2.8%AEIS FY2022: +26.8%AEIS FY2023: -10.3%AEIS FY2024: -10.5%AEIS FY2025: +21.4%MPTI FY2022: +19.3%MPTI FY2023: +29.3%MPTI FY2024: +19.1%MPTI FY2025: +11.0%FY19FY20FY21FY22FY23FY24FY25
AEIS +21.4%MPTI +11.0%
Free cash flow
AEIS FY2018: $130.9MAEIS FY2019: $23.2MAEIS FY2020: $164.9MAEIS FY2021: $111.4MAEIS FY2022: $124.7MAEIS FY2023: $147.9MAEIS FY2024: $74MAEIS FY2025: $125.9MMPTI FY2022: $1.9MMPTI FY2022: $1.1MMPTI FY2023: $3.1MMPTI FY2024: $5.6MMPTI FY2025: $8.1MFY18FY19FY20FY21FY22FY23FY24FY25
AEIS $125.9MMPTI $8.1M

Fiscal years as each company reports them; the two may end in different months.

Questions about Advanced Energy Industries and M-tron Industries

Which is bigger by revenue, Advanced Energy Industries or M-tron Industries?

Advanced Energy Industries is bigger by revenue: $1.8B in fiscal 2025, against $54.4M for M-tron Industries in fiscal 2025.

Which keeps more of its revenue as profit, Advanced Energy Industries or M-tron Industries?

Advanced Energy Industries had a net margin of 8.2% in fiscal 2025; M-tron Industries had 15.5% in fiscal 2025.

Which grew revenue faster, Advanced Energy Industries or M-tron Industries?

In their latest fiscal years revenue changed by +21.4% at Advanced Energy Industries and +11.0% at M-tron Industries.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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