AAOI
Applied Optoelectronics, Inc.
AAOI has the edge over EVTC overall, supported by stronger modeled upside and stronger fundamentals.
EVTC
EVERTEC, Inc.
EVTC 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.
EVTC Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Weak |
EVTC's revenue, profitability and cash flow are currently healthy, 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.
EVTC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 7.5x | $32.12 | — |
| Cheap | 12x | $18.97 | -41% |
| Fair | 20x | $30.81 | -4.1% |
| Current | 21x | $32.12 | — |
| Expensive | 28x | $43.54 | +36% |
Historical ranges are pointers, not guarantees.
EVTC's PE is in its fair range at 21x. If earnings grow as analysts expect, today's price would be 7.5x next year's earnings, in its cheap range.
AAOI Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
AAOI has the edge over EVTC on the outlook, with more favorable profitability expectations.
EVTC Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Weakening | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for EVTC, but weaker profitability.
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.
EVTC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.29 | +181% |
| Q3 2026 | $1.53 | -32% |
| Q2 2026 | $1.55 | -27% |
| Q1 2026 | $2.08 | +4.5% |
| Q4 2025 | $2.20 | +27% |
| Q3 2025 | $2.25 | +76% |
| Q2 2025 | $2.12 | +102% |
| Q1 2025 | $1.99 | +101% |
| Q4 2024 | $1.73 | +43% |
EVTC 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 EVTC 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.
EVTC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $283M | +24% |
| Q2 2026 | $274.8M | +20% |
| Q1 2026 | $247.9M | +8.4% |
| Q4 2025 | $244.8M | +13% |
| Q3 2025 | $228.6M | +7.9% |
| Q2 2025 | $229.6M | +8.3% |
| Q1 2025 | $228.8M | +11% |
| Q4 2024 | $216.4M | +11% |
EVTC's revenue has grown year over year for 16 quarters in a row: $283M last quarter, up 24% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 18% | +1.4 points |
| Q2 2026 | 19% | -5.1 points |
| Q1 2026 | 18% | -3.7 points |
| Q4 2025 | 18% | -4.6 points |
| Q3 2025 | 17% | -3.1 points |
| Q2 2025 | 24% | +4 points |
| Q1 2025 | 22% | +5.7 points |
| Q4 2024 | 22% | +11 points |
EVTC 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.
EVTC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $79.2M | +21% |
| Q2 2026 | $54.6M | +25% |
| Q1 2026 | $24.9M | -20% |
| Q4 2025 | $63.7M | -10% |
| Q3 2025 | $65.3M | +31% |
| Q2 2025 | $43.5M | -48% |
| Q1 2025 | $31.2M | +2.1% |
| Q4 2024 | $70.8M | +27% |
EVTC 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 88M diluted shares, up 39% from a year ago.
EVTC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.7% | -1M shares |
| 1 year | -6.7% | -4.3M shares |
| 3 years | -8.1% | -5.4M shares |
| 5 years | -17% | -12.5M shares |
| Available history | -18% | -13.1M shares |
EVTC has the edge over AAOI on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $15.4M |
| Q2 2026 | $47M |
| Q1 2026 | $20M |
| Q4 2025 | $65.6M |
| Q3 2025 | — |
| Q2 2025 | $3.7M |
| Q1 2025 | — |
| Q4 2024 | — |
EVTC spent $148M buying back its own shares over the past year, more than ten times what it spent the year before.
AAOI Net Leverage
AAOI's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
EVTC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 4.6x | High |
| Q2 2026 | 5.1x | High |
| Q1 2026 | 4.0x | Elevated |
| Q4 2025 | 3.7x | Elevated |
| Q3 2025 | 2.9x | Moderate |
| Q2 2025 | 3.0x | Moderate |
| Q1 2025 | 3.3x | Elevated |
| Q4 2024 | 3.6x | Elevated |
EVTC's net debt is about 4.6 years of its operating earnings (EBITDA), up from 2.9 years 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).
EVTC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 57.1 | Neutral |
| Stochastic | 68.5 | Neutral |
EVTC's weekly RSI is 57 (neutral) and its Stochastic is 69 (neutral).
AAOI PE vs Technology Sector
AAOI has no meaningful PE right now: it lost money over the past year.
EVTC PE vs Technology Sector
| Metric | EVTC | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 28x | 25% below |
| PE % | 53 | 35 | 18 pts above |
EVTC is trading at 21x earnings, a 25% discount to the Technology sector's median of 28x.
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.
EVTC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $30.7 | 4.5% above |
| 20 week MA | $30.2 | 6.4% above |
| 50 week MA | $28.7 | 12% above |
| 100 week MA | $31.3 | 2.6% above |
| 200 week MA | $33.8 | 4.9% below |
EVTC 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 EVTC on returns for 2026, with the stronger performance.
EVTC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $33.9 | $40.0 | +18% |
| 2021 | $40.0 | $49.6 | +24% |
| 2022 | $49.6 | $31.3 | -37% |
| 2023 | $31.3 | $40.9 | +31% |
| 2024 | $40.9 | $34.8 | -15% |
| 2025 | $34.8 | $29.6 | -15% |
| 2026 YTD | $29.6 | $32.1 | +8.7% |
EVTC has finished lower in three of the last six years. It's up 8.7% so far in 2026.