Diodes (DIOD) FY2024 results: revenue $1.3 billion, down 21.1% on the year
Diodes Inc. (DIOD) reported revenue of $1.3 billion for fiscal 2024, the year ended 31 December 2024, down 21.1% on the year before. Net income was $44 million, down 80.6%, and diluted earnings per share $0.95. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2025.
Revenue
$1.3 billion
-21.1% on the year
FY2017FY2024
Operating margin
3.8%
15.1% a year earlier
FY2017FY2024
Net income
$44 million
-80.6% on the year
FY2017FY2024
Diluted EPS
$0.95
-80.7% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
119
281
393
-57.5%
Capital expenditure
73.0
151
212
-51.6%
Free cash flow
46.4
130
181
-64.3%
Free cash flow margin
3.5%
7.8%
9.0%
Cash from investing
-118
-158
-265
Cash from financing
-19.3
-145
-126
Depreciation and amortisation
137
137
128
-0.1%
Share-based compensation
22.8
30.9
36.3
-26.3%
Buybacks
0.0
0.0
0.0
Diluted shares, weighted
46m
46m
46m
+0.2%
Shares outstanding at period end
46m
46m
45m
+0.9%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
1,795
1,741
1,514
+3.1%
Non-controlling interest
73.6
68.9
69.3
+6.8%
Debt
52.1
62.1
185
-16.1%
Operating lease liabilities
28.6
27.3
20.8
+5.0%
Finance lease liabilities
0.1
0.1
0.0
-33.0%
Other liabilities
437
469
499
-6.8%
Total liabilities and equity
2,386
2,368
2,288
+0.8%
Fixed assets
684
746
737
-8.3%
Goodwill
182
147
145
+23.9%
Intangible assets
67.4
63.9
79.1
+5.4%
Investments
31.4
35.7
30.0
-12.0%
Cash and equivalents
309
315
337
-2.2%
Receivables
326
372
369
-12.5%
Inventory
475
390
360
+21.9%
Other assets
313
298
231
+4.8%
Total assets
2,386
2,368
2,288
+0.8%
10-K for the year ended 31 December 2024, filed 14 February 2025: the filing.