AAOI
Applied Optoelectronics, Inc.
AAOI has a slight edge over COMP overall, supported by stronger modeled upside.
COMP
Compass, Inc.
COMP has lower modeled downside risk, despite its lower overall score.
AAOI Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Under pressure | |
| Weak | |
| Unavailable |
AAOI's revenue is currently strong, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
COMP Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Stable | |
| Healthy | |
| Weak |
COMP's revenue and cash flow are currently healthy, and its profitability is stable, but its balance sheet is weak.
AAOI PE Valuation
AAOI has no meaningful PE right now: it lost money over the past year. If it returns to profit as analysts expect, today's price would be 18x next year's earnings.
COMP PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 72x | $10.04 | — |
| Cheap | 155x | $21.68 | +116% |
| Fair | 212x | $29.73 | +196% |
| Expensive | 560x | $78.41 | +681% |
Historical ranges are pointers, not guarantees.
COMP's PE is 72x, but its earnings don't support one, so it isn't a reliable read right now.
AAOI Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect AAOI to return to profit, with revenue growing. However, they disagree widely on these estimates.
COMP Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect COMP's losses to shrink, with revenue growing. However, they disagree widely on these estimates.
AAOI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.98 | — |
| Q3 2026 | -$0.42 | +$3.02 |
| Q2 2026 | -$0.77 | +$2.81 |
| Q1 2026 | -$0.65 | +$3.43 |
| Q4 2025 | -$0.64 | +$3.86 |
| Q3 2025 | -$3.44 | -$1.41 |
| Q2 2025 | -$3.58 | -$1.70 |
| Q1 2025 | -$4.08 | -$2.29 |
| Q4 2024 | -$4.50 | -$2.75 |
AAOI is still losing money, but far less than before: $0.42 per share over the past year, against $4.50 at its worst in late 2024.
COMP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $0.14 | +$0.25 |
| Q2 2026 | $0.06 | +$0.16 |
| Q1 2026 | $0.02 | +$0.15 |
| Q4 2025 | -$0.10 | +$0.21 |
| Q3 2025 | -$0.11 | +$0.30 |
| Q2 2025 | -$0.10 | +$0.39 |
| Q1 2025 | -$0.13 | +$0.50 |
| Q4 2024 | -$0.31 | +$0.38 |
COMP has the edge over AAOI on earnings quality, reporting a profit while its opponent remains loss making.
AAOI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $269.9M | +127% |
| Q2 2026 | $191.9M | +86% |
| Q1 2026 | $151.1M | +51% |
| Q4 2025 | $134.3M | +34% |
| Q3 2025 | $118.6M | +82% |
| Q2 2025 | $103M | +138% |
| Q1 2025 | $99.9M | +146% |
| Q4 2024 | $100.3M | +66% |
AAOI has the edge over COMP on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -0.5% | +15 points |
| Q2 2026 | -13% | +2.6 points |
| Q1 2026 | -8.6% | +0.3 points |
| Q4 2025 | -8.6% | -2.1 points |
| Q3 2025 | -15% | +10 points |
| Q2 2025 | -16% | +45 points |
| Q1 2025 | -8.9% | +44 points |
| Q4 2024 | -6.5% | +1 points |
AAOI's operating margin was −0.5% last quarter, up 15 points from the same quarter a year ago, near the top of its range since 2019.
COMP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.9B | +111% |
| Q2 2026 | $4.3B | +109% |
| Q1 2026 | $2.7B | +99% |
| Q4 2025 | $1.7B | +23% |
| Q3 2025 | $1.8B | +24% |
| Q2 2025 | $2.1B | +21% |
| Q1 2025 | $1.4B | +29% |
| Q4 2024 | $1.4B | +26% |
COMP's revenue has grown year over year for 11 quarters in a row: $3.9B last quarter, up 111% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 2.2% | +2.6 points |
| Q2 2026 | 2.9% | +1 points |
| Q1 2026 | -13% | -9 points |
| Q4 2025 | -2.5% | +0.5 points |
| Q3 2025 | -0.4% | -0.2 points |
| Q2 2025 | 1.9% | +0.7 points |
| Q1 2025 | -4% | +8.6 points |
| Q4 2024 | -2.9% | +4.6 points |
COMP has the edge over AAOI on profitability, with a higher operating margin.
AAOI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$369.9M | -$291.2M |
| Q2 2026 | -$265.3M | -$174.4M |
| Q1 2026 | -$143.6M | -$64.3M |
| Q4 2025 | -$104.6M | -$51.6M |
| Q3 2025 | -$78.7M | -$58M |
| Q2 2025 | -$91M | -$86M |
| Q1 2025 | -$79.3M | -$45.1M |
| Q4 2024 | -$53M | -$48.4M |
AAOI has burned cash in almost every quarter: −$883M over the past year, against −$302M the year before.
COMP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $240M | +226% |
| Q2 2026 | $180M | +165% |
| Q1 2026 | -$168M | -962% |
| Q4 2025 | $42.2M | +58% |
| Q3 2025 | $73.6M | +124% |
| Q2 2025 | $68M | +68% |
| Q1 2025 | $19.5M | +231% |
| Q4 2024 | $26.7M | +$67.7M |
COMP has the edge over AAOI on cash generation, producing positive trailing cash flow while its opponent burns cash.
AAOI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +7.7% | +6.3M shares |
| 1 year | +39% | +24.5M shares |
| 3 years | +168% | +55.1M shares |
| 5 years | +224% | +60.7M shares |
| Available history | +340% | +67.9M shares |
AAOI has the edge over COMP on shareholder dilution, with a more favorable share count trend.
COMP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2.4% | +20.2M shares |
| 1 year | +46% | +271M shares |
| 3 years | +87% | +402M shares |
| 5 years | +580% | +736M shares |
| Available history | +143% | +508M shares |
COMP has 863M diluted shares, up 46% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q3 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
| Q4 2019 | — |
AAOI Net Leverage
AAOI's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
COMP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 7.5x | High |
| Q2 2026 | 25.9x | High |
| Q4 2025 | -4.0x | Net Cash |
| Q3 2025 | -3.9x | Net Cash |
| Q2 2025 | -4.4x | Net Cash |
| Q1 2025 | -9.1x | Net Cash |
COMP's net debt is about 7.5 years of its operating earnings (EBITDA), after holding more cash than debt a year ago.
AAOI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 35.1 | Neutral |
| Stochastic | 4.8 | Oversold |
AAOI's weekly RSI is 35 (neutral) and its Stochastic is 5 (oversold).
COMP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 50.0 | Neutral |
| Stochastic | 25.7 | Neutral |
COMP's weekly RSI is 50 (neutral) and its Stochastic is 26 (neutral).
AAOI PE vs Technology Sector
AAOI has no meaningful PE right now: it lost money over the past year.
COMP PE vs Technology Sector
| Metric | COMP | Sector median | Relative |
|---|---|---|---|
| PE | 72x | 28x | 157% above |
| PE % | 0 | 41 | 41 pts below |
COMP is trading at 72x earnings, a 157% premium to the Technology sector's median of 28x, though its earnings don't support one.
AAOI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $80.2 | 34% below |
| 20 week MA | $100.6 | 47% below |
| 50 week MA | $100.3 | 47% below |
| 100 week MA | $62.3 | 15% below |
| 200 week MA | $36.9 | 43% above |
AAOI has fallen below most of its moving averages, though it's still 43% above its 200-week average.
COMP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.52 | 5.5% above |
| 20 week MA | $10.8 | 6.6% below |
| 50 week MA | $10.1 | 0.1% below |
| 100 week MA | $8.86 | 13% above |
| 200 week MA | $6.37 | 58% above |
COMP has the edge over AAOI on trend strength, trading above more of its moving averages.
AAOI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $11.5 | $8.77 | -24% |
| 2021 | $8.77 | $5.64 | -36% |
| 2022 | $5.64 | $1.95 | -65% |
| 2023 | $1.95 | $19.3 | +891% |
| 2024 | $19.3 | $37.7 | +95% |
| 2025 | $37.7 | $37.2 | -1.5% |
| 2026 YTD | $37.2 | $52.9 | +42% |
AAOI has the edge over COMP on returns for 2026, with the stronger performance.
COMP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $20.2 | $9.22 | -54% |
| 2022 | $9.22 | $2.25 | -76% |
| 2023 | $2.25 | $3.76 | +67% |
| 2024 | $3.76 | $5.85 | +56% |
| 2025 | $5.85 | $10.6 | +81% |
| 2026 YTD | $10.6 | $10.0 | -5.2% |
COMP has finished higher in three of the last five years, three of them by more than 50%. It's down 5.2% so far in 2026.