AAOI vs DOX vs FKWL Stock Comparison

Applied Optoelectronics, Amdocs and Franklin Wireless Prices as of Nov 2, 2026 Peers: Industry group
DOX Amdocs Ltd
$63.54 +9.3% 1M -24.6% 1Y
Market cap
$6.89B
P/E
15.5x
Revenue (TTM)
$4.65B
Div. yield
3.52%
Networking Equipment Technology
7 wins
FKWL Franklin Wireless Corp
$2.18 -8.8% 1M -57.2% 1Y
Market cap
$25.69M
P/E
–
Revenue (TTM)
$36.51M
Div. yield
1.83%
Networking Equipment Technology

Head to Head

10 decided of 12

Amdocs leads on 7 of the 12 questions below (Amdocs 7, Applied Optoelectronics 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAAOIDOXFKWLLeader
Larger companyMarket capitalisation $5.27B $6.89B $25.69M DOX
Cheaper on earningsLower P/E, profitable companies only -89.4x 15.5x -5.4x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 88.0x 8.0x 54.5x DOX
Faster revenue growthRevenue growth, trailing twelve months +61.8% +0.1% -20.8% AAOI
More profitableNet margin, trailing twelve months -9.6% 9.8% -13.0% DOX
Better return on capitalReturn on invested capital -4.2% — — –
Less leveragedLower net debt / EBITDA 13.8x 0.9x — DOX
Higher dividend yieldTrailing dividend yield — 3.52% 1.83% DOX
Better 1-year returnPrice return, last 12 months +75.8% -24.6% -57.2% AAOI
Better 5-year returnAnnualised price return, 5 years +49.5%/yr -3.0%/yr -16.2%/yr AAOI
Less volatileAnnualised volatility, 1 year 140.2% 29.9% 32.3% DOX
Higher overall scoreMean of the five percentile scores vs peers 32/100 63/100 36/100 DOX

Percentile Scorecard

AAOIDOXFKWL

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAAOIDOXFKWL
Valuation 11 #100 of 112 90 #12 of 112 28 #81 of 112
Growth 54 #50 of 108 15 #92 of 108 1 #107 of 108
Profitability 16 #88 of 104 83 #19 of 104 15 #89 of 104
Financial Health 71 #34 of 116 36 #75 of 116 63 #44 of 116
Shareholder Returns 8 #74 of 80 92 #7 of 80 75 #21 of 80
Overall 32 63 36
  • AAOI ranked among 121 companies in Computer Hardware
  • DOX ranked among 121 companies in Computer Hardware
  • FKWL ranked among 121 companies in Computer Hardware

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAAOIDOXFKWLSPY
1 month -45.9%+9.3%-8.8% -2.3%
3 months -43.3%+14.8%-5.2% -0.7%
6 months -63.9%-2.7%-39.8% +4.8%
Year to date +79.3%-21.1%-50.1% +10.3%
1 year +75.8%-24.6%-57.2% +10.3%
3 years +560.0%-23.0%-24.8% +73.0%
3 years, per year +87.7%-8.4%-9.1% +20.1%
5 years +646.7%-14.3%-58.6% +61.9%
5 years, per year +49.5%-3.0%-16.2% +10.1%
10 years +210.9%+7.4%-8.4% +258.6%
10 years, per year +12.0%+0.7%-0.9% +13.6%

Risk

MeasureAAOIDOXFKWLSPY
Volatility, 1Y 140.2%29.9%32.3% 12.8%
Downside volatility, 1Y 129.1%32.9%36.7% 12.8%
Beta vs S&P 500, 1Y 4.470.23-0.12 1.00
Return / volatility, 1Y 0.54-0.82-1.77 0.80
Max drawdown, 5Y -82.6%-49.5%-68.9% -25.4%
From 52-week high -72.0%-25.7%-57.9% -3.5%
52-week high $223.10$85.49$5.18 $779.14
52-week low $19.49$49.87$2.16 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAAOIDOXFKWL
P/E now vs peer median -89.4xmedian 29.9x 15.5xmedian 29.9x -5.4xmedian 29.9x
P/S now vs peer median 8.8xmedian 2.8x 1.5xmedian 2.8x 0.7xmedian 2.8x
EV/EBITDA now vs peer median -150.5xmedian 18.5x 9.1xmedian 18.5x —median 18.5x
P/FCF now vs peer median -8.8xmedian 28.0x 8.0xmedian 28.0x -4.1xmedian 28.0x
P/B now vs peer median 3.2xmedian 2.8x 2.1xmedian 2.8x 0.8xmedian 2.8x
PEG now vs peer median -2.69median 1.00 -4.23median 1.00 0.30median 1.00

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAAOIDOXFKWL
Revenue $595.97M $4.65B $36.51M
Gross profit $172.33M $1.78B $6.26M
Operating income -$67.41M $626.70M -$2.68M
Net income -$57.02M $457.53M -$6.92M
Free cash flow -$600.81M $858.80M -$6.33M
R&D $107.61M $343.21M $3.23M
EPS (diluted) $-0.70 $4.17 $-0.40
Cash & equivalents $499.74M $206.45M –
Total debt $57.26M $927.37M –
Shares (diluted) 81.57M 109.66M 11.78M
Enterprise value $3.99B $5.94B -$96.97M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAAOIDOXFKWL
P/E -89.4x 15.5x -5.4x
P/FCF -8.8x 8.0x -4.1x
P/Operating cash flow -40.0x 9.2x -4.1x
P/S 8.8x 1.5x 0.7x
P/B 3.2x 2.1x 0.8x
P/Tangible book 3.2x 2.2x 0.9x
EV/EBITDA -150.5x 9.1x –
EV/EBIT -71.7x 12.1x -2.7x
EV/Revenue 8.1x 1.6x 0.2x
EV/FCF -8.0x 8.9x -1.1x
EV/Operating cash flow -36.7x 10.2x -1.1x
PEG (3Y EPS CAGR) -2.69 -4.23 0.30

Growth

14 metrics
MetricAAOIDOXFKWL
Revenue growth (1Y) 61.8% 0.1% -20.8%
Revenue CAGR (3Y) 40.9% -1.1% -7.4%
Gross profit growth (1Y) 62.0% 2.9% -21.0%
Gross profit CAGR (3Y) 73.3% 1.5% -3.8%
Operating income growth (1Y) -40.6% -11.9% 6.5%
Operating income CAGR (3Y) -2.8% -3.0% -4.5%
Net income growth (1Y) 63.4% -18.0% -4,827%
Net income CAGR (3Y) 6.2% -7.0% -32.9%
EPS growth (1Y) 74.5% -14.5% -1,851%
EPS CAGR (3Y) 33.2% -3.7% -18.2%
Operating cash flow growth (1Y) 15.2% 1.6% -441.4%
Operating cash flow CAGR (3Y) -168.6% -0.8% -49.6%
Free cash flow growth (1Y) -146.3% 2.8% -449.2%
Free cash flow CAGR (3Y) -294.2% -3.2% -48.6%

Profitability

14 metrics
MetricAAOIDOXFKWL
Gross margin 28.9% 38.3% 17.1%
EBITDA margin -5.4% 17.9% –
Operating margin -11.3% 13.5% -7.3%
Pretax margin -10.6% 12.5% -19.3%
Net margin -9.6% 9.8% -13.0%
FCF margin -100.8% 18.5% -17.3%
Operating cash flow margin -22.1% 16.1% -17.2%
Return on equity -4.1% – -20.7%
Return on assets -2.9% 7.2% -14.3%
Return on invested capital -4.2% – –
Return on capital employed -4.5% 13.4% -8.1%
Asset turnover 0.3x 0.7x 0.8x
Cash conversion (OCF / net income) 2.3x 1.6x 0.9x
Stock comp / revenue 2.6% 2.4% –

Financial Health

11 metrics
MetricAAOIDOXFKWL
Debt / assets 2.5% 14.5% –
Debt / equity 0.0x 0.3x –
Net debt / EBITDA 13.8x 0.9x –
Debt / FCF -0.1x 1.1x –
Liabilities / assets 27.5% 48.1% 34.2%
Equity / assets 72.5% 51.9% 65.8%
Interest coverage -19.1x – –
Current ratio 2.8x 0.9x 2.7x
Quick ratio 1.9x 1.0x 1.4x
Cash ratio 1.2x 0.1x 1.2x
Altman Z-score 5.24 3.97 2.82

Shareholder Returns

7 metrics
MetricAAOIDOXFKWL
Dividend yield – 3.5% 1.8%
Net buyback yield -25.6% 7.7% –
Shareholder yield -25.6% 11.2% 1.8%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAAOIDOXFKWL
Forward P/E 88.0xFY2026 8.0xFY2026 54.5xFY2027
EPS, next fiscal year $0.71FY2026 $7.92FY2026 $0.04FY2027
EPS growth, next FY – +13.3%FY2026 –
EPS growth, the year after +646.5% +4.0% -50.0%
Revenue, next fiscal year $994.70MFY2026 $4.46BFY2026 $46.08MFY2027
Revenue growth, next FY +118.3%FY2026 -1.6%FY2026 +26.2%FY2027
Revenue growth, the year after +185.6% +5.0% +19.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAAOIDOXFKWL
Held by institutions 60.5% 93.0% 13.1%
Institutions holding 482 448 19
Change in shares held, QoQ -3.5% +0.5% +38.6%
Institutions buying 313 250 9
Institutions selling 144 153 3
Buyers to sellers 2.17 1.63 3.00

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

AAOIDOXFKWL
AAOI 1.00 -0.20 0.05
DOX -0.20 1.00 0.10
FKWL 0.05 0.10 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AAOI, DOX and FKWL?

Amdocs (DOX) is the largest by market capitalisation: Applied Optoelectronics (AAOI) $5.27B, Amdocs (DOX) $6.89B, Franklin Wireless (FKWL) $25.69M.

Which company is growing faster?

Applied Optoelectronics (AAOI) grew revenue fastest over the trailing twelve months: Applied Optoelectronics (AAOI) +61.8%, Amdocs (DOX) +0.1%, Franklin Wireless (FKWL) -20.8%.

Which company is more profitable?

Amdocs (DOX) has the highest net margin (Applied Optoelectronics (AAOI) -9.6%, Amdocs (DOX) 9.8%, Franklin Wireless (FKWL) -13.0%).

Which stock has performed better?

Over the past year Applied Optoelectronics (AAOI) returned the most: Applied Optoelectronics (AAOI) +75.8%, Amdocs (DOX) -24.6%, Franklin Wireless (FKWL) -57.2%. Over five years, Applied Optoelectronics (AAOI) compounded fastest (Applied Optoelectronics (AAOI) +49.5%/yr, Amdocs (DOX) -3.0%/yr, Franklin Wireless (FKWL) -16.2%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Amdocs (DOX) has the highest dividend yield: Amdocs (DOX) 3.52%, Franklin Wireless (FKWL) 1.83%. Applied Optoelectronics (AAOI) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Amdocs (DOX) has been the steadiest (Applied Optoelectronics (AAOI) 140.2%, Amdocs (DOX) 29.9%, Franklin Wireless (FKWL) 32.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AAOI, DOX and FKWL?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Amdocs (DOX) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.