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Side-by-side financial comparison of ADVANCED ENERGY INDUSTRIES INC (AEIS) and MICROVISION, INC. (MVIS). Click either name above to swap in a different company.

ADVANCED ENERGY INDUSTRIES INC is the larger business by last-quarter revenue ($489.4M vs $223.0K, roughly 2194.6× MICROVISION, INC.). ADVANCED ENERGY INDUSTRIES INC runs the higher net margin — 10.7% vs -16930.9%, a 16941.6% gap on every dollar of revenue. On growth, ADVANCED ENERGY INDUSTRIES INC posted the faster year-over-year revenue change (17.8% vs -86.5%). ADVANCED ENERGY INDUSTRIES INC produced more free cash flow last quarter ($43.0M vs $-15.6M). Over the past eight quarters, ADVANCED ENERGY INDUSTRIES INC's revenue compounded faster (22.2% CAGR vs -51.7%).

Advanced Energy Industries, Inc. is an American multinational technology company headquartered in Denver, Colorado that develops precision power conversion, measurement and control technologies for the manufacture of semiconductors, flat panel displays, data storage products, telecommunications network equipment, industrial coatings, medical devices, solar cells and architectural glass.

MicroVision Inc. is a technology company specializing in advanced LiDAR sensors, miniature display solutions, and perception software. Its core products serve automotive ADAS, augmented reality devices, consumer electronics, and industrial automation markets, delivering high-precision, low-power sensing technologies for next-generation smart applications.

AEIS vs MVIS — Head-to-Head

Bigger by revenue
AEIS
AEIS
2194.6× larger
AEIS
$489.4M
$223.0K
MVIS
Growing faster (revenue YoY)
AEIS
AEIS
+104.3% gap
AEIS
17.8%
-86.5%
MVIS
Higher net margin
AEIS
AEIS
16941.6% more per $
AEIS
10.7%
-16930.9%
MVIS
More free cash flow
AEIS
AEIS
$58.6M more FCF
AEIS
$43.0M
$-15.6M
MVIS
Faster 2-yr revenue CAGR
AEIS
AEIS
Annualised
AEIS
22.2%
-51.7%
MVIS

Income Statement — Q4 2025 vs Q4 2025

Metric
AEIS
AEIS
MVIS
MVIS
Revenue
$489.4M
$223.0K
Net Profit
$52.3M
$-37.8M
Gross Margin
38.6%
-7220.6%
Operating Margin
11.6%
-18570.0%
Net Margin
10.7%
-16930.9%
Revenue YoY
17.8%
-86.5%
Net Profit YoY
7.4%
-21.2%
EPS (diluted)
$1.32
$-0.12

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AEIS
AEIS
MVIS
MVIS
Q4 25
$489.4M
$223.0K
Q3 25
$463.3M
$241.0K
Q2 25
$441.5M
$155.0K
Q1 25
$404.6M
$589.0K
Q4 24
$415.4M
$1.6M
Q3 24
$374.2M
$190.0K
Q2 24
$364.9M
$1.9M
Q1 24
$327.5M
$956.0K
Net Profit
AEIS
AEIS
MVIS
MVIS
Q4 25
$52.3M
$-37.8M
Q3 25
$46.2M
$-14.2M
Q2 25
$25.2M
$-14.2M
Q1 25
$24.7M
$-28.8M
Q4 24
$48.7M
$-31.2M
Q3 24
$-14.9M
$-15.5M
Q2 24
$15.0M
$-23.9M
Q1 24
$5.4M
$-26.3M
Gross Margin
AEIS
AEIS
MVIS
MVIS
Q4 25
38.6%
-7220.6%
Q3 25
37.6%
-297.1%
Q2 25
37.0%
-361.9%
Q1 25
37.2%
6.6%
Q4 24
37.2%
-149.5%
Q3 24
35.8%
-206.8%
Q2 24
35.0%
18.2%
Q1 24
34.5%
-33.6%
Operating Margin
AEIS
AEIS
MVIS
MVIS
Q4 25
11.6%
-18570.0%
Q3 25
10.6%
-5278.4%
Q2 25
7.2%
-9455.5%
Q1 25
7.6%
-2383.7%
Q4 24
8.2%
-1119.5%
Q3 24
-3.0%
-8266.3%
Q2 24
3.6%
-1296.4%
Q1 24
0.2%
-2793.9%
Net Margin
AEIS
AEIS
MVIS
MVIS
Q4 25
10.7%
-16930.9%
Q3 25
10.0%
-5899.2%
Q2 25
5.7%
-9180.0%
Q1 25
6.1%
-4886.1%
Q4 24
11.7%
-1888.2%
Q3 24
-4.0%
-8166.8%
Q2 24
4.1%
-1259.5%
Q1 24
1.6%
-2752.4%
EPS (diluted)
AEIS
AEIS
MVIS
MVIS
Q4 25
$1.32
$-0.12
Q3 25
$1.20
$-0.05
Q2 25
$0.67
$-0.06
Q1 25
$0.65
$-0.12
Q4 24
$1.29
$-0.15
Q3 24
$-0.40
$-0.07
Q2 24
$0.40
$-0.11
Q1 24
$0.14
$-0.13

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AEIS
AEIS
MVIS
MVIS
Cash + ST InvestmentsLiquidity on hand
$791.2M
$74.9M
Total DebtLower is stronger
$567.5M
$19.2M
Stockholders' EquityBook value
$1.4B
$55.5M
Total Assets
$2.5B
$103.1M
Debt / EquityLower = less leverage
0.42×
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AEIS
AEIS
MVIS
MVIS
Q4 25
$791.2M
$74.9M
Q3 25
$758.6M
$99.5M
Q2 25
$713.5M
$91.4M
Q1 25
$723.0M
$69.0M
Q4 24
$722.1M
$74.7M
Q3 24
$657.3M
$43.2M
Q2 24
$986.1M
$56.6M
Q1 24
$1.0B
$73.1M
Total Debt
AEIS
AEIS
MVIS
MVIS
Q4 25
$567.5M
$19.2M
Q3 25
$29.0M
Q2 25
$32.3M
Q1 25
$30.1M
Q4 24
$564.7M
$33.0M
Q3 24
$564.0M
Q2 24
$907.3M
Q1 24
$911.5M
Stockholders' Equity
AEIS
AEIS
MVIS
MVIS
Q4 25
$1.4B
$55.5M
Q3 25
$1.3B
$90.7M
Q2 25
$1.3B
$77.1M
Q1 25
$1.2B
$53.2M
Q4 24
$1.2B
$48.8M
Q3 24
$1.2B
$65.9M
Q2 24
$1.2B
$78.7M
Q1 24
$1.1B
$93.8M
Total Assets
AEIS
AEIS
MVIS
MVIS
Q4 25
$2.5B
$103.1M
Q3 25
$2.4B
$150.8M
Q2 25
$2.4B
$140.6M
Q1 25
$2.3B
$116.7M
Q4 24
$2.3B
$121.2M
Q3 24
$2.2B
$88.3M
Q2 24
$2.5B
$103.4M
Q1 24
$2.5B
$124.2M
Debt / Equity
AEIS
AEIS
MVIS
MVIS
Q4 25
0.42×
0.35×
Q3 25
0.32×
Q2 25
0.42×
Q1 25
0.57×
Q4 24
0.47×
0.68×
Q3 24
0.48×
Q2 24
0.78×
Q1 24
0.80×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AEIS
AEIS
MVIS
MVIS
Operating Cash FlowLast quarter
$80.5M
$-15.4M
Free Cash FlowOCF − Capex
$43.0M
$-15.6M
FCF MarginFCF / Revenue
8.8%
-7017.5%
Capex IntensityCapex / Revenue
7.7%
109.4%
Cash ConversionOCF / Net Profit
1.54×
TTM Free Cash FlowTrailing 4 quarters
$125.9M
$-59.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AEIS
AEIS
MVIS
MVIS
Q4 25
$80.5M
$-15.4M
Q3 25
$78.7M
$-16.5M
Q2 25
$45.2M
$-12.7M
Q1 25
$28.9M
$-14.1M
Q4 24
$82.7M
$-15.1M
Q3 24
$34.1M
$-14.1M
Q2 24
$6.7M
$-18.6M
Q1 24
$7.3M
$-20.8M
Free Cash Flow
AEIS
AEIS
MVIS
MVIS
Q4 25
$43.0M
$-15.6M
Q3 25
$50.8M
$-16.6M
Q2 25
$17.1M
$-12.9M
Q1 25
$15.0M
$-14.2M
Q4 24
$69.9M
$-15.2M
Q3 24
$21.4M
$-14.1M
Q2 24
$-8.1M
$-18.8M
Q1 24
$-9.3M
$-20.9M
FCF Margin
AEIS
AEIS
MVIS
MVIS
Q4 25
8.8%
-7017.5%
Q3 25
11.0%
-6894.6%
Q2 25
3.9%
-8346.5%
Q1 25
3.7%
-2410.4%
Q4 24
16.8%
-918.7%
Q3 24
5.7%
-7421.1%
Q2 24
-2.2%
-989.5%
Q1 24
-2.9%
-2183.4%
Capex Intensity
AEIS
AEIS
MVIS
MVIS
Q4 25
7.7%
109.4%
Q3 25
6.0%
53.1%
Q2 25
6.4%
134.2%
Q1 25
3.4%
16.8%
Q4 24
3.1%
6.2%
Q3 24
3.4%
4.7%
Q2 24
4.0%
8.7%
Q1 24
5.1%
11.9%
Cash Conversion
AEIS
AEIS
MVIS
MVIS
Q4 25
1.54×
Q3 25
1.70×
Q2 25
1.79×
Q1 25
1.17×
Q4 24
1.70×
Q3 24
Q2 24
0.45×
Q1 24
1.35×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AEIS
AEIS

Semiconductor Equipment$211.6M43%
Data Center Computing$177.9M36%
Industrial And Medical$78.2M16%
Telecom And Networking$21.7M4%

MVIS
MVIS

Segment breakdown not available.

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