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ADTRAN Holdings, Inc. ADTN

Nasdaq · stock · Telephone & Telegraph Apparatus · website · IPO 1994-08-10 · LEI

ADTRAN Holdings, Inc. statistics & valuation

Market cap$1.1B
P / S1.0×
P / B7.5×
P / FCF11.2×
Net margin-4.2%
Return on equity-31.3%
FCF margin9.0%
Return on capital-1.9%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
5.50% 3.60% -3.70% -10.00% 0.50% -1.50% -0.20% -23.40% -49.80% -4.20% 2016201720182019202020212022202320242025
Gross margin (%)
45.80% 45.50% 38.50% 41.30% 43.00% 38.80% 31.90% 28.80% 35.10% 38.30% 2016201720182019202020212022202320242025
Operating margin (%)
5.40% 5.60% -8.60% -7.50% -1.90% -2.60% -7.10% -19.50% -46.30% -1.40% 2016201720182019202020212022202320242025
Return on equity (%)
7.30% 4.80% -4.30% -13.90% 0.60% -2.40% -0.20% -44.40% -362.30% -31.30% 2016201720182019202020212022202320242025
Shares outstanding
48.9M 48.7M 47.9M 48.0M 48.3M 49.1M 77.9M 78.7M 79.2M 79.9M 2016201720182019202020212022202320242025
Net debt ($)
-$52.1M -$59.7M -$79.9M -$49.2M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
5.30% 3.60% -3.10% -9.70% 0.50% -1.50% -0.10% -16.00% -39.30% -3.80% 2016201720182019202020212022202320242025
Free cash flow margin (%)
3.20% -8.60% 8.90% -2.30% -4.50% -0.50% -6.00% -6.90% 7.50% 9.00% 2016201720182019202020212022202320242025
Debt / equity (×)
0.06× 0.05× 0.06× 0.06× 2016201720182019202020212022202320242025
EPS ($)
$0.72 $0.49 -$0.40 -$1.11 $0.05 -$0.18 -$0.03 -$3.43 -$5.79 -$0.52 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

ADTRAN Holdings, Inc. trades at about 163.2× earnings — above its 10-year norm (10-year range 16.3×–344×, median 32.7×).

16.3× 344×

Shaded band = 10-year range (16.3×–344×); dot = today's 163.2×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin38.3%35.1%28.8%31.9%38.8%43.0%41.3%38.5%45.5%45.8%
Operating margin-1.4%-46.3%-19.5%-7.1%-2.6%-1.9%-7.5%-8.6%5.6%5.4%
Net margin-4.2%-49.8%-23.4%-0.2%-1.5%0.5%-10.0%-3.7%3.6%5.5%
FCF margin9.0%7.5%-6.9%-6.0%-0.5%-4.5%-2.3%8.9%-8.6%3.2%
Return on assets-3.8%-39.3%-16.0%-0.1%-1.5%0.5%-9.7%-3.1%3.6%5.3%
Return on equity-31.3%-362.3%-44.4%-0.2%-2.4%0.6%-13.9%-4.3%4.8%7.3%
Debt / equity——————0.06×0.06×0.05×0.06×
Current ratio1.762.042.652.062.423.372.843.013.872.79

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.