AAOI
Applied Optoelectronics, Inc.
AAOI has a slight edge over PRTH overall, supported by stronger modeled upside and stronger fundamentals.
PRTH
Priority Technology Holdings, Inc.
PRTH 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.
PRTH Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Weak |
PRTH'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.
PRTH PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 6.8x | $7.91 | — |
| Cheap | 8.3x | $3.98 | -50% |
| Fair | 16x | $7.84 | -0.9% |
| Current | 16x | $7.91 | — |
| Expensive | 28x | $13.51 | +71% |
Historical ranges are pointers, not guarantees.
PRTH's PE is in its fair range at 16x. If earnings grow as analysts expect, today's price would be 6.8x 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 PRTH on the outlook, with more favorable profitability expectations.
PRTH Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for PRTH, 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.
PRTH Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.17 | +144% |
| Q2 2021 | $0.20 | +$0.61 |
| Q1 2021 | $0.43 | +$0.93 |
| Q4 2020 | $0.38 | +$0.89 |
PRTH has the edge over AAOI in the latest year-over-year earnings comparison.
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 PRTH 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.
PRTH Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $268.6M | +11% |
| Q2 2026 | $262.3M | +9.4% |
| Q1 2026 | $249.6M | +11% |
| Q4 2025 | $247.1M | +8.8% |
| Q3 2025 | $241.4M | +6.3% |
| Q2 2025 | $239.8M | +9.1% |
| Q1 2025 | $224.6M | +9.2% |
| Q4 2024 | $227.1M | +14% |
PRTH's revenue has grown year over year every quarter since late 2020: $269M last quarter, up 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 13% | -2.3 points |
| Q2 2026 | 13% | -3 points |
| Q1 2026 | 13% | -1.1 points |
| Q4 2025 | 14% | -1.5 points |
| Q3 2025 | 16% | -1.1 points |
| Q2 2025 | 16% | +0.5 points |
| Q1 2025 | 15% | +0.9 points |
| Q4 2024 | 15% | +4 points |
PRTH 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.
PRTH Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $34.9M | +16% |
| Q2 2026 | $24.4M | +165% |
| Q1 2026 | $18.3M | +277% |
| Q4 2025 | $30.9M | +62% |
| Q3 2025 | $30.1M | +107% |
| Q2 2025 | $9.2M | -61% |
| Q1 2025 | $4.9M | -27% |
| Q4 2024 | $19.1M | +638% |
PRTH 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.
PRTH Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.6% | +470K shares |
| 1 year | +3.9% | +3.2M shares |
| 3 years | +7.5% | +5.9M shares |
| 5 years | +25% | +16.8M shares |
| Available history | +26% | +17.2M shares |
PRTH has the edge over AAOI on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q1 2023 | $777,000 |
| Q4 2022 | $2.8M |
| Q3 2022 | $2.6M |
| Q4 2021 | $680,000 |
| Q4 2020 | — |
| Q3 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.
PRTH Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 4.3x | High |
| Q2 2026 | 4.4x | High |
| Q1 2026 | 4.6x | High |
| Q4 2025 | 4.7x | High |
| Q3 2025 | 4.8x | High |
| Q2 2025 | 4.4x | High |
| Q1 2025 | 4.5x | High |
| Q4 2024 | 4.6x | High |
PRTH's net debt is about 4.3 years of its operating earnings (EBITDA), down from 4.8 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).
PRTH Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 66.4 | Neutral |
| Stochastic | 98.7 | Overbought |
PRTH's weekly RSI is 66 (neutral) and its Stochastic is 99 (overbought).
AAOI PE vs Technology Sector
AAOI has no meaningful PE right now: it lost money over the past year.
PRTH PE vs Technology Sector
| Metric | PRTH | Sector median | Relative |
|---|---|---|---|
| PE | 16x | 28x | 41% below |
| PE % | 51 | 35 | 16 pts above |
PRTH is trading at 16x earnings, a 41% 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.
PRTH Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $7.83 | 1% above |
| 20 week MA | $6.78 | 17% above |
| 50 week MA | $6.09 | 30% above |
| 100 week MA | $7.02 | 13% above |
| 200 week MA | $5.67 | 40% above |
PRTH 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's yearly returns have swung widely, from +891% in 2023 to −65% in 2022. It's up 42% so far in 2026.
PRTH Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $2.60 | $6.36 | +145% |
| 2021 | $6.36 | $7.21 | +13% |
| 2022 | $7.21 | $5.32 | -26% |
| 2023 | $5.32 | $3.56 | -33% |
| 2024 | $3.56 | $11.0 | +210% |
| 2025 | $11.0 | $5.53 | -50% |
| 2026 YTD | $5.53 | $7.91 | +43% |
PRTH has the edge over AAOI on returns for 2026, with the stronger performance.