AAOI vs EXTR vs FKWL Stock Comparison

Applied Optoelectronics, Extreme Networks and Franklin Wireless Prices as of Nov 4, 2026 Peers: Industry group
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EXTR Extreme Networks Inc
$22.84 -2.1% 1M +28.3% 1Y
Market cap
$2.72B
P/E
51.8x
Revenue (TTM)
$1.31B
Div. yield
–
Networking Equipment Technology
5 wins
FKWL Franklin Wireless Corp
$2.12 -8.2% 1M -58.1% 1Y
Market cap
$25.05M
P/E
–
Revenue (TTM)
$36.51M
Div. yield
–
Networking Equipment Technology
1 win

Head to Head

10 decided of 12

Extreme Networks leads on 5 of the 12 questions below (Extreme Networks 5, Applied Optoelectronics 4, Franklin Wireless 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAAOIEXTRFKWLLeader
Larger companyMarket capitalisation $3.90B $2.72B $25.05M AAOI
Cheaper on earningsLower P/E, profitable companies only -68.4x 51.8x -5.3x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 83.5x 16.6x 53.0x EXTR
Faster revenue growthRevenue growth, trailing twelve months +61.8% +11.3% -20.8% AAOI
More profitableNet margin, trailing twelve months -9.6% 4.0% -13.0% EXTR
Better return on capitalReturn on invested capital -4.2% 23.5% — EXTR
Less leveragedLower net debt / EBITDA 13.8x -0.4x — EXTR
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +100.9% +28.3% -58.1% AAOI
Better 5-year returnAnnualised price return, 5 years +58.9%/yr +14.7%/yr -16.5%/yr AAOI
Less volatileAnnualised volatility, 1 year 139.7% 52.9% 32.3% FKWL
Higher overall scoreMean of the five percentile scores vs peers 32/100 57/100 37/100 EXTR

Percentile Scorecard

AAOIEXTRFKWL

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

AxisAAOIEXTRFKWL
Valuation 13 #98 of 112 50 #57 of 112 31 #78 of 112
Growth 53 #51 of 108 49 #56 of 108 1 #107 of 108
Profitability 17 #87 of 104 76 #26 of 104 16 #88 of 104
Financial Health 70 #35 of 116 23 #90 of 116 63 #44 of 116
Shareholder Returns 7 #79 of 85 89 #10 of 85 77 #20 of 85
Overall 32 57 37
  • AAOI ranked among 121 companies in Computer Hardware
  • EXTR 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

PeriodAAOIEXTRFKWLSPY
1 month -51.2%-2.1%-8.2% -1.0%
3 months -53.9%-12.8%-5.8% -0.4%
6 months -66.8%-3.0%-39.6% +4.5%
Year to date +70.0%+37.2%-51.5% +12.4%
1 year +100.9%+28.3%-58.1% +13.6%
3 years +525.9%+36.0%-26.9% +76.4%
3 years, per year +84.4%+10.8%-9.9% +20.8%
5 years +911.4%+98.4%-59.4% +63.7%
5 years, per year +58.9%+14.7%-16.5% +10.4%
10 years +173.8%+429.9%-9.0% +267.7%
10 years, per year +10.6%+18.1%-0.9% +13.9%

Risk

MeasureAAOIEXTRFKWLSPY
Volatility, 1Y 139.7%52.9%32.3% 12.8%
Downside volatility, 1Y 128.5%51.2%36.6% 12.7%
Beta vs S&P 500, 1Y 4.281.57-0.15 1.00
Return / volatility, 1Y 0.720.54-1.80 1.06
Max drawdown, 5Y -77.2%-67.2%-69.5% -25.4%
From 52-week high -73.4%-32.2%-59.1% -1.6%
52-week high $223.10$33.71$5.18 $779.14
52-week low $19.49$13.74$2.12 $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.

MultipleAAOIEXTRFKWL
P/E now vs peer median -84.8xmedian 28.1x 57.2xmedian 28.1x -5.3xmedian 28.1x
P/S now vs peer median 8.4xmedian 2.6x 2.3xmedian 2.6x 0.7xmedian 2.6x
EV/EBITDA now vs peer median -142.0xmedian 18.4x 29.7xmedian 18.4x —median 18.4x
P/FCF now vs peer median -8.3xmedian 26.6x 19.5xmedian 26.6x -3.9xmedian 26.6x
P/B now vs peer median 3.0xmedian 2.8x 34.3xmedian 2.8x 0.8xmedian 2.8x
PEG now vs peer median -2.55median 1.11 -3.19median 1.11 0.29median 1.11

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 monthsAAOIEXTRFKWL
Revenue $595.97M $1.31B $36.51M
Gross profit $172.33M $813.05M $6.26M
Operating income -$67.41M $74.49M -$2.68M
Net income -$57.02M $52.49M -$6.92M
Free cash flow -$600.81M $154.76M -$6.33M
R&D $107.61M $233.95M $3.23M
EPS (diluted) $-0.70 $0.39 $-0.40
Cash & equivalents $499.74M $244.52M –
Total debt $57.26M $200.00M –
Shares (diluted) 81.57M 134.68M 11.78M
Enterprise value $2.62B $1.84B -$98.78M

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
MetricAAOIEXTRFKWL
P/E -84.8x 57.2x -5.3x
P/FCF -8.3x 19.5x -3.9x
P/Operating cash flow -37.9x 16.5x -4.0x
P/S 8.4x 2.3x 0.7x
P/B 3.0x 34.3x 0.8x
P/Tangible book 3.0x 35.4x 0.8x
EV/EBITDA -142.0x 29.7x –
EV/EBIT -67.6x 39.9x -2.4x
EV/Revenue 7.6x 2.3x 0.2x
EV/FCF -7.6x 19.2x -1.0x
EV/Operating cash flow -34.6x 16.3x -1.0x
PEG (3Y EPS CAGR) -2.55 -3.19 0.29

Growth

14 metrics
MetricAAOIEXTRFKWL
Revenue growth (1Y) 61.8% 11.3% -20.8%
Revenue CAGR (3Y) 40.9% -1.3% -7.4%
Gross profit growth (1Y) 62.0% 11.7% -21.0%
Gross profit CAGR (3Y) 73.3% 0.5% -3.8%
Operating income growth (1Y) -40.6% 126.0% 6.5%
Operating income CAGR (3Y) -2.8% -16.3% -4.5%
Net income growth (1Y) 63.4% 506.9% -4,827%
Net income CAGR (3Y) 6.2% -17.7% -32.9%
EPS growth (1Y) 74.5% 508.7% -1,851%
EPS CAGR (3Y) 33.2% -18.0% -18.2%
Operating cash flow growth (1Y) 15.2% 52.9% -441.4%
Operating cash flow CAGR (3Y) -168.6% -12.8% -49.6%
Free cash flow growth (1Y) -146.3% 63.2% -449.2%
Free cash flow CAGR (3Y) -294.2% -15.9% -48.6%

Profitability

14 metrics
MetricAAOIEXTRFKWL
Gross margin 28.9% 61.9% 17.1%
EBITDA margin -5.4% 7.6% –
Operating margin -11.3% 5.7% -7.3%
Pretax margin -10.6% 4.7% -19.3%
Net margin -9.6% 4.0% -13.0%
FCF margin -100.8% 11.8% -17.3%
Operating cash flow margin -22.1% 13.9% -17.2%
Return on equity -4.1% 59.4% -20.7%
Return on assets -2.9% 4.2% -14.3%
Return on invested capital -4.2% 23.5% –
Return on capital employed -4.5% 12.8% -8.1%
Asset turnover 0.3x 1.1x 0.8x
Cash conversion (OCF / net income) 2.3x 3.5x 0.9x
Stock comp / revenue 2.6% 6.7% –

Financial Health

11 metrics
MetricAAOIEXTRFKWL
Debt / assets 2.5% 15.4% –
Debt / equity 0.0x 2.3x –
Net debt / EBITDA 13.8x -0.4x –
Debt / FCF -0.1x 1.3x –
Liabilities / assets 27.5% 93.2% 34.2%
Equity / assets 72.5% 6.8% 65.8%
Interest coverage -19.1x 4.9x –
Current ratio 2.8x 1.0x 2.7x
Quick ratio 1.9x 0.6x 1.4x
Cash ratio 1.2x 0.4x 1.2x
Altman Z-score 4.98 1.74 2.79

Shareholder Returns

7 metrics
MetricAAOIEXTRFKWL
Dividend yield – – 1.9%
Net buyback yield -27.0% 3.3% –
Shareholder yield -27.0% 3.3% 1.9%
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.

ConsensusAAOIEXTRFKWL
Forward P/E 83.5xFY2026 16.6xFY2027 53.0xFY2027
EPS, next fiscal year $0.71FY2026 $1.38FY2027 $0.04FY2027
EPS growth, next FY – +30.2%FY2027 –
EPS growth, the year after +646.5% +2.9% -50.0%
Revenue, next fiscal year $994.70MFY2026 $1.34BFY2027 $46.08MFY2027
Revenue growth, next FY +118.3%FY2026 +4.5%FY2027 +26.2%FY2027
Revenue growth, the year after +185.6% +21.3% +19.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAAOIEXTRFKWL
Held by institutions 60.5% 96.7% 13.1%
Institutions holding 482 339 19
Change in shares held, QoQ -3.5% +1.2% +38.6%
Institutions buying 313 182 9
Institutions selling 144 121 3
Buyers to sellers 2.17 1.50 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.

AAOIEXTRFKWL
AAOI 1.00 0.35 0.05
EXTR 0.35 1.00 -0.02
FKWL 0.05 -0.02 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AAOI, EXTR and FKWL?

Applied Optoelectronics (AAOI) is the largest by market capitalisation: Applied Optoelectronics (AAOI) $3.90B, Extreme Networks (EXTR) $2.72B, Franklin Wireless (FKWL) $25.05M.

Which company is growing faster?

Applied Optoelectronics (AAOI) grew revenue fastest over the trailing twelve months: Applied Optoelectronics (AAOI) +61.8%, Extreme Networks (EXTR) +11.3%, Franklin Wireless (FKWL) -20.8%.

Which company is more profitable?

Extreme Networks (EXTR) has the highest net margin (Applied Optoelectronics (AAOI) -9.6%, Extreme Networks (EXTR) 4.0%, Franklin Wireless (FKWL) -13.0%). On return on invested capital, Extreme Networks (EXTR) leads (Applied Optoelectronics (AAOI) -4.2%, Extreme Networks (EXTR) 23.5%).

Which stock has performed better?

Over the past year Applied Optoelectronics (AAOI) returned the most: Applied Optoelectronics (AAOI) +100.9%, Extreme Networks (EXTR) +28.3%, Franklin Wireless (FKWL) -58.1%. Over five years, Applied Optoelectronics (AAOI) compounded fastest (Applied Optoelectronics (AAOI) +58.9%/yr, Extreme Networks (EXTR) +14.7%/yr, Franklin Wireless (FKWL) -16.5%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Franklin Wireless (FKWL) has been the steadiest (Applied Optoelectronics (AAOI) 139.7%, Extreme Networks (EXTR) 52.9%, Franklin Wireless (FKWL) 32.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AAOI, EXTR 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, Extreme Networks (EXTR) leads on 5. 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.