ADTRAN Holdings, Inc. logo ADTN - ADTRAN Holdings, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 11
HOLD 10
SELL 4
STRONG
SELL
0
| PRICE TARGET: $18.00 DETAILS
HIGH: $18.00
LOW: $18.00
MEDIAN: $18.00
CONSENSUS: $18.00
UPSIDE: 14.87%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Revenue
Revenue 1,083.8 922.7 1,149.1 1,025.5 563.0 506.5 530.1 529.3 666.6 636.8 600.1 630.0 641.7 620.6 717.2 605.7 484.2 500.7 476.8 472.7 513.2 454.5 396.7 345.7 387.1 462.9 367.2 286.6 265.3 250.1 181.5 123.4 72.4
Cost of Revenue 668.9 598.6 818.0 698.3 344.6 289.0 311.1 325.7 362.9 345.4 333.2 318.7 332.9 304.0 302.9 246.8 197.2 201.8 193.8 193.7 209.9 193.4 174.7 170.8 213.8 233.4 178.6 130.0 130.3 130.0 89.9 60.9 35
Gross Profit 415.0 324.2 331.1 327.3 218.4 217.6 219.0 203.6 303.7 291.3 266.9 311.3 308.9 316.6 414.3 358.9 287.0 298.9 283.0 279.0 303.3 261.1 222.0 174.9 173.3 229.5 188.6 156.5 135.1 120.2 91.6 62.5 37.4
Operating Expenses
R&D Expenses 204.3 221.5 258.3 173.8 108.7 113.3 126.8 124.5 130.4 124.8 129.9 132.3 131.1 126.0 100.3 90.3 83.3 81.8 75.4 70.7 62.7 67.4 58.1 56.3 58.9 50.6 42.0 37.2 30.1 24.6 19.1 13.8 0
SG&A Expenses 226.3 232.9 258.6 208.9 124.4 114.0 130.6 124.4 135.5 131.8 123.5 132.0 129.4 134.5 124.9 114.7 99.4 103.3 103.3 103.0 96.4 91.9 83.2 81.1 96.0 87.1 71.7 62.1 45.0 34.3 27.3 17.3 21.9
Other Expenses 0 297.3 37.9 17.4 0 0 1.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.0) 0 0 0 0 0 0 0 3.1 2.3 1.7
Operating Expenses 430.6 751.7 554.8 400.1 233.1 227.3 259.1 249.0 265.9 256.6 253.4 264.2 260.4 260.5 225.2 205.0 182.7 185.1 178.7 173.7 159.1 159.3 141.4 137.4 154.9 137.7 113.8 99.3 75.0 59.0 49.5 33.4 23.6
Operating Income
Operating Income (15.6) (427.6) (223.7) (72.8) (14.7) (9.8) (40.0) (45.4) 37.4 34.7 13.5 47.1 48.5 56.2 189.1 153.9 104.2 113.8 104.3 105.2 144.3 101.8 80.6 37.5 18.4 91.8 74.8 57.3 60.1 61.2 42.1 29.1 13.8
Interest Expense 19.3 22.1 16.3 3.4 0.0 0.0 0.5 0.5 0.6 0.6 0.6 0.7 2.3 2.3 2.4 2.4 2.4 2.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 2.3 3.1 2.3 2.1 2.8 1.9 2.8 4.0 4.4 3.9 4.0 5.0 7.0 7.7 7.6 6.6 6.9 8.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 80.6 (330.1) (104.4) 0.0 9.8 10.4 (6.5) (16.9) 60.9 61.9 40.5 75.4 77.8 89.4 220.0 181.2 120.1 130.7 128.8 116.1 157.5 117.1 95.9 53.9 35.2 105.2 85.4 66.3 67.4 66.1 45.1 31.4 15.5
EBIT (11.9) (420.7) (217.3) (67.5) (6.3) (6.2) (24.3) (32.8) 45.2 47.5 26.3 60.6 63.2 75.3 208.5 170.6 110.0 120.8 118.1 105.2 144.3 101.8 80.6 37.5 18.4 91.8 74.8 57.3 60.1 61.2 42.1 29.1 13.8
Income Before Tax (31.2) (442.7) (233.6) (71.0) (6.3) (6.2) (24.8) (33.4) 44.7 46.9 25.7 59.9 60.9 73.0 206.1 168.2 107.6 118.3 115.6 118.5 153.4 110.0 61.5 32.2 23.7 183.0 77.2 60.6 62.8 63.5 44.3 29.1 0
Income Tax Expense 5.0 7.3 28.3 (62.1) 2.3 (8.6) 28.2 (14.0) 20.8 11.7 7.1 15.3 15.1 25.7 67.6 54.2 33.3 39.7 39.2 40.2 52.2 34.9 0 7.4 6.4 62.2 26.2 20.3 22.6 23.7 14.8 6.3 0
Net Income (45.7) (459.9) (267.7) (2.0) (8.6) 2.4 (53.0) (19.3) 23.8 35.2 18.6 44.6 45.8 47.3 138.6 114.0 74.2 78.6 76.3 78.3 101.2 75.1 61.5 24.8 17.3 120.8 50.9 40.3 40.2 39.8 29.5 22.8 13.3
Per Share Data
EPS (Basic) -0.57 -5.67 -3.41 -0.03 -0.18 0.05 -1.11 -0.40 0.50 0.72 0.36 0.81 0.78 0.75 2.16 1.82 1.19 1.24 1.13 1.07 1.33 0.96 0.80 0.33 0.23 1.57 0.67 0.26 0.26 0.26 0.20 0.07 0.03
EPS (Diluted) -0.57 -5.67 -3.41 -0.03 -0.18 0.05 -1.11 -0.40 0.49 0.72 0.36 0.80 0.77 0.74 2.12 1.78 1.17 1.22 1.10 1.04 1.30 0.93 0.76 0.33 0.23 1.52 0.66 0.26 0.26 0.25 0.19 0.07 0.05
Shares Outstanding 79.7 78.9 78.4 62.3 48.6 48.0 47.8 47.9 48.2 48.7 51.1 55.1 59.0 63.3 64.1 62.5 62.5 63.5 67.8 73.5 75.8 78.2 76.9 76.1 77.1 77.3 76.7 155.2 158.3 158.2 157.0 289.1 263.4
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Current Assets
Cash & Cash Equivalents 95.7 76.0 87.2 108.6 56.6 60.2 73.8 105.5 86.4 79.9 24.1 41.9 57.6 132.1 125.1 81.3 28.0 37.5 10.0 45.3 44.8 35 18.8 0.2
Short-Term Investments 35.2 0 0 0.3 0.3 3.1 33.2 3.2 16.1 43.2 172.5 96.3 124.8 11.9 19.7 26.3 60.3 41.1 40.8 37.8 32.6 0 0 0
Net Receivables 210.7 193.3 230.4 312.3 170.0 120.4 107.1 136.1 170.7 108.2 72.1 55.6 70.5 71.0 43.3 70.2 118.0 64.5 47.3 41.3 34.2 30.1 18.1 12.5
Inventory 215.7 261.6 360.4 427.5 139.9 125.5 98.3 99.8 122.5 105.1 45.7 47.4 42.3 40.0 39.9 56.8 89.3 58.6 65.7 39.4 40.8 45 27.5 15.6
Other Current Assets 77.9 68.3 38.9 0 0.2 7.2 0 0 0 0 8.6 8.7 4.5 3.4 4.8 5.9 4.5 4.1 2.4 2.5 1.6 25.7 10.4 0.1
Total Current Assets 635.2 599.1 716.9 882.4 376.3 316.3 320.3 355.4 413.1 352.9 325.8 252.9 302.4 260.4 235.6 244.0 304.0 207.1 167.6 167.4 156.2 136.5 74.8 28.4
Non-Current Assets
Property, Plant & Equipment 0 106.5 155.6 110.7 55.8 67.7 68.1 80.6 85.1 84.5 74.3 75.5 89.4 97.7 106.2 120.1 123.7 104.6 78.9 64.8 54.0 29.2 19.5 17.9
Goodwill 60.0 52.9 358.1 381.7 7.0 7.0 7.0 7.1 3.5 3.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 294.0 284.9 337.4 401.2 19.3 23.5 27.8 33.2 4.7 7.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 1.0 32.1 27.7 32.7 70.6 56.6 94.5 108.8 130.3 176.1 162.2 141.2 0 233.7 176,331.0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 214.2 78.1 52.3 67.0 31.0 44.8 19.9 5.7 9.1 5.0 2.2 0.1 168.2 234.2 179.5 158.4 118.6 244.6 55.3 50.2 0 0.1 0 0
Total Non-Current Assets 569.3 572.3 960.6 1,061.1 192.7 209.4 224.8 272.6 255.9 314.3 238.6 220.8 257.6 333.5 285.7 278.5 242.3 349.2 134.1 115.0 54.0 29.3 19.5 17.9
Total Assets 1,204.5 1,171.4 1,677.4 1,943.5 569.0 525.7 545.1 628.0 669.1 667.2 564.5 473.6 559.9 593.9 521.2 522.5 546.3 556.3 301.7 282.4 210.2 165.8 94.3 46.3
Current Liabilities
Account Payables 167.3 171.8 162.9 237.7 102.5 49.9 44.9 60.1 60.6 77.3 25.8 20.3 22.9 24.8 17.8 15.6 34.1 12.8 11.0 9.1 9.4 9.7 6.5 5.2
Short-Term Debt 0 0 7.7 60.5 0 1.8 24.6 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2.2
Deferred Revenue 87.5 52.7 42.5 41.2 17.7 14.1 12.0 17.9 13.1 16.3 7.1 6.1 2.5 3.2 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 33.7 0 28.5 0 0 11.8 0 11.7 0 12.4 0 0 0 0.1 5.8 3.4 3.7 6.1 6.0 9.1 6.4 4.4 1.9 1.2
Total Current Liabilities 361.9 293.5 274.0 428.6 155.4 94.2 112.7 118.0 106.8 126.5 47.8 40.1 36.0 40.3 32.0 26.6 46.4 26.0 17.0 18.2 15.7 14.1 8.4 8.6
Non-Current Liabilities
Long-Term Debt 218.0 189.6 195 60 0 0 0 24.6 25.6 26.8 47.8 48.2 50 50 50 50 50 50 50 50 20 20 0 7.9
Deferred Tax Liabilities 27.5 30.4 35.6 61.6 0 0 0 0 0 0 5.0 0 4.8 8.9 4.0 8.3 15.3 80.3 3.3 2.1 1.6 1 0.7 0
Other Non-Current Liabilities 23.8 60.1 70.2 47.6 44.0 48.1 46.0 33.8 34.2 28.1 11.4 9.4 2.5 0.9 50,000 0 0 0 0 0 0 0 0 0
Total Non-Current Liabilities 323.5 328.1 354.9 211.3 56.6 58.5 52.0 63.7 64.4 61.2 64.2 57.7 57.3 59.8 54.0 58.3 65.3 130.3 53.3 52.1 21.6 21 0.7 7.9
Total Liabilities 685.3 621.5 628.9 639.9 211.9 152.7 164.7 181.7 171.2 187.7 111.9 97.8 93.3 100.1 86.0 84.9 111.8 156.2 70.3 70.4 37.3 35.1 9.1 16.5
Stockholders' Equity
Common Stock 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0 0 0
Retained Earnings (730.0) (688.8) (231.7) 55.3 740.8 781.8 806.7 884.0 922.2 921.9 649.3 603.6 397.2 347.2 375.0 350.2 332.9 214.8 163.6 123.3 82.3 41 11.5 27.1
Accumulated Other Comprehensive Income 78.9 11.3 47.5 26.1 (11.9) (11.6) (16.4) (14.4) (3.3) (12.2) 17.9 (1.0) 5.2 10.0 3.1 9.4 19.9 116 (29.9) (20.9) (13.6) (8.9) (6.1) (4)
Total Stockholders' Equity 145.8 127.0 605.3 974.0 357.1 372.9 380.4 446.3 498.2 479.5 452.5 375.8 466.6 493.8 435.2 437.6 434.4 400.1 231.4 212.0 172.9 130.7 85.2 29.8
Total Liabilities & Equity 1,204.5 1,171.4 1,677.4 1,943.5 569.0 525.7 545.1 628.0 669.1 667.2 564.5 473.6 559.9 593.9 521.2 522.5 546.3 556.3 301.7 282.4 210.2 165.8 94.3 46.3
Debt Metrics
Total Debt 245.0 215.5 234.1 143.3 3.3 5.4 24.6 25.6 25.6 26.8 47.8 48.2 50 50 50 50 50 50 50 50 20 20 0 10.1
Net Debt 149.3 139.5 147.0 34.7 (53.3) (54.8) (49.2) (79.9) (60.8) (53.1) 23.6 6.3 (7.6) (82.1) (75.1) (31.3) 22.0 12.5 40.0 4.7 (24.8) (15) (18.8) 9.9
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Operating Activities
Net Income (0.0) (450.1) (268.9) (2.0) (8.6) 2.4 (54.0) (19.3) 23.8 35.2 101.2 75.1 61.5 24.8 17.3 120.8 50.9 40.3 40.2 39.8 29.5 22.8 13.3
Depreciation & Amortization 92.5 90.5 118.8 71.5 16.1 16.6 17.8 15.9 15.7 14.4 13.2 15.4 15.2 16.4 16.8 13.4 10.5 9.0 7.3 4.9 3.1 2.3 1.7
Stock-Based Compensation 10.1 16.0 0 0 7.5 6.8 7.0 7.2 7.4 6.7 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital 72.5 134.4 (9.4) (94.2) (0.1) (35.5) 9.0 76.3 (99.0) (2.8) 9.6 (5.2) (18.0) 50.1 60.9 (66.7) (1.2) (35.3) (3.7) (6.1) (27.2) (19.5) (8.2)
Other Non-Cash Items (41.5) 307.1 100.6 42.9 (10.0) (5.5) (9.8) (7.3) (4.4) (8.8) 6.7 1.3 23.8 12.7 0.7 (80.9) 0.4 1.5 1.4 6.9 3.9 3.0 0.6
Operating Cash Flow 129.8 103.6 (43.0) (44.2) 3.0 (16.5) (0.0) 56.6 (42.4) 42 129.0 85.8 85.4 105.2 93.2 (13.3) 60.0 16.7 45.0 45.5 9.3 8.5 7.4
Investing Activities
Capital Expenditure (31.7) (65.2) (36.3) (17.1) (5.7) (6.4) (9.5) (8.1) (14.7) (21.4) (8.9) (7.2) (6.8) (2.6) (13.2) (32.5) (36.2) (23.1) (18.2) (29.7) (12.8) (4.1) (5.4)
Acquisitions 0 0 (1.2) 44.0 0 0 0.0 (22.0) 0.2 (0.9) 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (0.4) (0.3) (0.9) (23.9) (35.0) (56.8) (48.6) (123.2) (93.1) (209.2) (242.6) (146.0) (125.3) (225.2) (151.3) (205.8) (0.7) (8.0) (5.3) (8.3) (16.3) (8.5) 0
Sales/Maturities of Investments 1.0 1.2 10.6 51.7 50.5 105.1 47.3 153.6 173.8 225.1 211.3 131.3 87.2 187.9 95.5 235.5 2.7 0 0 0 0 0 0
Other Investing Activities (84.6) (30.7) 1.2 1.1 0.5 (0.5) 1 0 0 0 0.0 0.0 0.0 0.1 0 0 0.0 0 (49.9) 0.0 0 0.1 0
Investing Cash Flow (115.7) (64.3) (36.1) 55.8 10.3 41.4 (9.8) 0.3 66.0 (6.5) (40.2) (21.8) (44.8) (39.9) (69.0) (2.9) (34.3) (31.1) (73.4) (38.0) (29.1) (12.5) (5.4)
Financing Activities
Net Debt Issuance 9.6 (5) 73.1 73.2 0 (24.6) (1) (1.1) (1.1) (1.1) 0 0 55.1 (25.2) 0 0 0 0 30 0 20 (10.1) 3.6
Stock Repurchased 0 0 0 0 0 (1.0) (0.2) (15.5) (17.3) (25.8) (24.1) (81.0) 0 0 (4.1) (0.1) (0.3) (21.0) (2.2) 0 0 (0.0) 0
Dividends Paid 0 0 (21.2) (22.9) (17.5) (17.3) (17.2) (17.3) (17.4) (17.6) (25.8) (25.1) (88.9) 0 0 0 0 0 0 0 0 (5.5) (5.5)
Other Financing Activities (11.5) (45.0) 7.6 (4.3) 4.6 (1.0) 0 1.6 13.4 4.7 0 0 0 0 0 0 0.3 0 0 0 0.0 0.1 0
Financing Cash Flow (0.1) (50.0) 60.1 52.9 (13.0) (43.0) (17.9) (32.3) (22.4) (39.8) (33.0) (100.5) (33.8) (21.5) (3.6) 6.7 1.7 (21.0) 28.9 2.3 36.1 22.6 (1.9)
Cash Position
Net Change in Cash 19.7 (11.1) (21.5) 51.8 (3.4) (13.6) (29.3) 19.1 6.5 (4.7) 55.2 (36.4) 7.0 43.8 20.5 (9.6) 27.5 (35.3) 0.5 9.8 16.3 18.6 0.1
Cash at Beginning 76.0 87.2 108.6 56.8 60.2 73.8 105.5 86.4 79.9 84.5 57.6 94.0 125.1 81.3 60.7 37.5 10.0 45.3 44.8 35.0 18.8 0.2 0.1
Cash at End 95.7 76.0 87.2 108.6 56.8 60.2 76.2 105.5 86.4 79.9 112.8 57.6 132.1 125.1 81.3 28.0 37.5 10.0 45.3 44.8 35.1 18.8 0.2
Free Cash Flow 98.0 38.4 (79.4) (61.3) (2.7) (22.9) (9.5) 48.5 (57.1) 20.6 120.1 78.7 78.6 102.5 80.0 (45.9) 23.8 (6.4) 26.8 15.8 (3.5) 4.4 2
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Income Statement
Revenue 1,083.8 922.7 1,149.1 1,025.5 563.0 506.5 530.1 529.3 666.6 636.8 600.1 630.0 641.7 620.6 717.2 605.7 484.2 500.7 476.8 472.7 513.2 454.5 396.7 345.7 387.1 462.9 367.2 286.6 265.3 250.1 181.5 123.4 72.4
Gross Profit 415.0 324.2 331.1 327.3 218.4 217.6 219.0 203.6 303.7 291.3 266.9 311.3 308.9 316.6 414.3 358.9 287.0 298.9 283.0 279.0 303.3 261.1 222.0 174.9 173.3 229.5 188.6 156.5 135.1 120.2 91.6 62.5 37.4
Operating Income (15.6) (427.6) (223.7) (72.8) (14.7) (9.8) (40.0) (45.4) 37.4 34.7 13.5 47.1 48.5 56.2 189.1 153.9 104.2 113.8 104.3 105.2 144.3 101.8 80.6 37.5 18.4 91.8 74.8 57.3 60.1 61.2 42.1 29.1 13.8
Net Income (45.7) (459.9) (267.7) (2.0) (8.6) 2.4 (53.0) (19.3) 23.8 35.2 18.6 44.6 45.8 47.3 138.6 114.0 74.2 78.6 76.3 78.3 101.2 75.1 61.5 24.8 17.3 120.8 50.9 40.3 40.2 39.8 29.5 22.8 13.3
EPS (Diluted) -0.57 -5.67 -3.41 -0.03 -0.18 0.05 -1.11 -0.40 0.49 0.72 0.36 0.80 0.77 0.74 2.12 1.78 1.17 1.22 1.10 1.04 1.30 0.93 0.76 0.33 0.23 1.52 0.66 0.26 0.26 0.25 0.19 0.07 0.05
Balance Sheet
Cash & Equivalents 95.7 76.0 87.2 108.6 56.6 60.2 73.8 105.5 86.4 79.9 24.1 41.9 57.6 132.1 125.1 81.3 28.0 37.5 10.0 45.3 44.8 35 18.8 0.2
Total Assets 1,204.5 1,171.4 1,677.4 1,943.5 569.0 525.7 545.1 628.0 669.1 667.2 564.5 473.6 559.9 593.9 521.2 522.5 546.3 556.3 301.7 282.4 210.2 165.8 94.3 46.3
Total Debt 245.0 215.5 234.1 143.3 3.3 5.4 24.6 25.6 25.6 26.8 47.8 48.2 50 50 50 50 50 50 50 50 20 20 0 10.1
Stockholders' Equity 145.8 127.0 605.3 974.0 357.1 372.9 380.4 446.3 498.2 479.5 452.5 375.8 466.6 493.8 435.2 437.6 434.4 400.1 231.4 212.0 172.9 130.7 85.2 29.8
Cash Flow
Operating Cash Flow 129.8 103.6 (43.0) (44.2) 3.0 (16.5) (0.0) 56.6 (42.4) 42 129.0 85.8 85.4 105.2 93.2 (13.3) 60.0 16.7 45.0 45.5 9.3 8.5 7.4
Capital Expenditure (31.7) (65.2) (36.3) (17.1) (5.7) (6.4) (9.5) (8.1) (14.7) (21.4) (8.9) (7.2) (6.8) (2.6) (13.2) (32.5) (36.2) (23.1) (18.2) (29.7) (12.8) (4.1) (5.4)
Free Cash Flow 98.0 38.4 (79.4) (61.3) (2.7) (22.9) (9.5) 48.5 (57.1) 20.6 120.1 78.7 78.6 102.5 80.0 (45.9) 23.8 (6.4) 26.8 15.8 (3.5) 4.4 2