AAOI vs RBBN vs DOX Stock Comparison

Applied Optoelectronics, Ribbon Communications and Amdocs Prices as of Nov 5, 2026 Peers: Industry group
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DOX Amdocs Ltd
$43.83 -25.1% 1M -47.8% 1Y
Market cap
$4.68B
P/E
9.3x
Revenue (TTM)
$4.70B
Div. yield
–
Networking Equipment Technology
7 wins

Head to Head

11 decided of 12

Amdocs leads on 7 of the 12 questions below (Amdocs 7, Applied Optoelectronics 3, Ribbon Communications 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAAOIRBBNDOXLeader
Larger companyMarket capitalisation $4.29B $239.67M $4.68B DOX
Cheaper on earningsLower P/E, profitable companies only -130.7x 12.9x 9.3x DOX
Cheaper on forward earningsLower price / next fiscal year consensus EPS 66.0x — 5.3x DOX
Faster revenue growthRevenue growth, trailing twelve months +77.2% -7.8% +3.6% AAOI
More profitableNet margin, trailing twelve months -4.4% 2.3% 10.7% DOX
Better return on capitalReturn on invested capital -2.3% 0.0% 12.6% DOX
Less leveragedLower net debt / EBITDA 68.1x 9.4x — RBBN
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +48.8% -57.1% -47.8% AAOI
Better 5-year returnAnnualised price return, 5 years +51.6%/yr -25.6%/yr -10.4%/yr AAOI
Less volatileAnnualised volatility, 1 year 141.5% 70.2% 46.7% DOX
Higher overall scoreMean of the five percentile scores vs peers 33/100 40/100 66/100 DOX

Percentile Scorecard

AAOIRBBNDOX

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

AxisAAOIRBBNDOX
Valuation 14 #96 of 112 63 #42 of 112 90 #12 of 112
Growth 64 #40 of 108 15 #92 of 108 35 #71 of 108
Profitability 18 #85 of 104 31 #72 of 104 85 #16 of 104
Financial Health 63 #44 of 116 17 #97 of 116 31 #80 of 116
Shareholder Returns 4 #80 of 83 72 #24 of 83 90 #9 of 83
Overall 33 40 66
  • AAOI ranked among 121 companies in Computer Hardware
  • RBBN ranked among 121 companies in Computer Hardware
  • DOX ranked among 121 companies in Computer Hardware

Price Performance

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

Returns

PeriodAAOIRBBNDOXSPY
1 month -64.0%-22.0%-25.1% -5.9%
3 months -62.3%-34.3%-25.9% -4.6%
6 months -70.2%-48.7%-32.7% +0.2%
Year to date +34.5%-52.1%-45.6% +7.5%
1 year +48.8%-57.1%-47.8% +8.2%
3 years +383.9%-34.6%-47.3% +68.3%
3 years, per year +69.2%-13.2%-19.2% +19.0%
5 years +700.2%-77.2%-42.1% +56.5%
5 years, per year +51.6%-25.6%-10.4% +9.4%
10 years +116.6%-75.2%-24.7% +251.5%
10 years, per year +8.0%-13.0%-2.8% +13.4%

Risk

MeasureAAOIRBBNDOXSPY
Volatility, 1Y 141.5%70.2%46.7% 13.6%
Downside volatility, 1Y 132.3%80.4%60.7% 14.2%
Beta vs S&P 500, 1Y 4.371.38-0.13 1.00
Return / volatility, 1Y 0.34-0.81-1.02 0.60
Max drawdown, 5Y -79.0%-78.9%-55.8% -25.4%
From 52-week high -79.0%-58.7%-48.7% -5.9%
52-week high $223.10$3.34$85.49 $779.14
52-week low $19.49$1.32$43.66 $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.

MultipleAAOIRBBNDOX
P/E now vs peer median -122.1xmedian 25.2x 13.3xmedian 25.2x 9.7xmedian 25.2x
P/S now vs peer median 5.7xmedian 2.4x 0.3xmedian 2.4x 1.0xmedian 2.4x
EV/EBITDA now vs peer median -463.5xmedian 16.2x 17.1xmedian 16.2x —median 16.2x
P/FCF now vs peer median -4.8xmedian 23.4x -8.5xmedian 23.4x 3.4xmedian 23.4x
P/B now vs peer median 1.9xmedian 2.3x 0.6xmedian 2.3x 1.4xmedian 2.3x
PEG now vs peer median -2.91median 0.98 0.41median 0.98 179.38median 0.98

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 monthsAAOIRBBNDOX
Revenue $747.22M $800.98M $4.70B
Gross profit $215.22M $386.62M $1.79B
Operating income -$50.66M -$29.02M $682.94M
Net income -$32.78M $18.59M $501.24M
Free cash flow -$883.41M -$29.11M $1.38B
R&D $124.46M $178.44M $335.46M
EPS (diluted) $-0.37 $0.10 $4.57
Cash & equivalents $605.41M $40.38M $197.05M
Total debt $59.99M $342.88M $946.99M
Shares (diluted) 87.84M 178.86M 109.66M
Enterprise value $2.53B -$8.18M $3.81B

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
MetricAAOIRBBNDOX
P/E -122.1x 13.3x 9.7x
P/FCF -4.8x -8.5x 3.4x
P/Operating cash flow -40.1x -13.2x 4.0x
P/S 5.7x 0.3x 1.0x
P/B 1.9x 0.6x 1.4x
P/Tangible book 1.9x 0.9x 1.4x
EV/EBITDA -463.5x 17.1x –
EV/EBIT -73.2x -18.9x 8.1x
EV/Revenue 5.0x 0.7x 1.2x
EV/FCF -4.2x -18.9x 4.0x
EV/Operating cash flow -34.9x -29.4x 4.6x
PEG (3Y EPS CAGR) -2.91 0.41 179.38

Growth

14 metrics
MetricAAOIRBBNDOX
Revenue growth (1Y) 77.2% -7.8% 3.6%
Revenue CAGR (3Y) 50.6% -1.3% -1.3%
Gross profit growth (1Y) 74.0% -12.1% 4.0%
Gross profit CAGR (3Y) 70.3% -1.2% 1.2%
Operating income growth (1Y) -2.2% -240.9% -6.7%
Operating income CAGR (3Y) 2.8% 9.9% 1.5%
Net income growth (1Y) 79.0% 143.2% -11.7%
Net income CAGR (3Y) 19.3% 33.0% -2.6%
EPS growth (1Y) 84.8% 142.6% -11.2%
EPS CAGR (3Y) 41.9% 32.7% 0.1%
Operating cash flow growth (1Y) 37.3% -122.3% 60.4%
Operating cash flow CAGR (3Y) -101.6% -50.8% 13.5%
Free cash flow growth (1Y) -192.6% -155.4% 62.2%
Free cash flow CAGR (3Y) -275.9% -90.6% 13.5%

Profitability

14 metrics
MetricAAOIRBBNDOX
Gross margin 28.8% 48.3% 38.1%
EBITDA margin -1.1% 4.0% –
Operating margin -6.8% -3.6% 14.5%
Pretax margin -4.9% -8.9% 13.5%
Net margin -4.4% 2.3% 10.7%
FCF margin -118.2% -3.6% 29.5%
Operating cash flow margin -14.2% -2.3% 25.6%
Return on equity -1.7% 4.8% 15.0%
Return on assets -1.2% 1.6% 7.8%
Return on invested capital -2.3% 0.0% 12.6%
Return on capital employed -2.5% -3.5% 14.6%
Asset turnover 0.3x 0.7x 0.7x
Cash conversion (OCF / net income) 3.2x -1.0x 2.4x
Stock comp / revenue 2.4% 2.7% –

Financial Health

11 metrics
MetricAAOIRBBNDOX
Debt / assets 1.9% 29.8% 14.8%
Debt / equity 0.0x 0.9x 0.3x
Net debt / EBITDA 68.1x 9.4x –
Debt / FCF -0.1x -11.8x 0.7x
Liabilities / assets 28.5% 66.2% 47.9%
Equity / assets 71.5% 33.8% 52.1%
Interest coverage -13.1x – –
Current ratio 2.3x 1.3x 0.9x
Quick ratio 1.5x 1.1x 0.1x
Cash ratio 0.9x 0.1x 0.1x
Altman Z-score 3.15 -1.04 –

Shareholder Returns

7 metrics
MetricAAOIRBBNDOX
Dividend yield – – 5.1%
Net buyback yield -41.5% 1.7% –
Shareholder yield -41.5% 1.7% 5.1%
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.

ConsensusAAOIRBBNDOX
Forward P/E 66.0xFY2026 – 5.3xFY2027
EPS, next fiscal year $0.71FY2026 $-0.01FY2026 $8.24FY2027
EPS growth, next FY – -101.5%FY2026 +11.2%FY2027
EPS growth, the year after +646.5% – +15.7%
Revenue, next fiscal year $994.70MFY2026 $769.95MFY2026 $4.68BFY2027
Revenue growth, next FY +118.3%FY2026 -8.8%FY2026 -0.4%FY2027
Revenue growth, the year after +185.6% +14.1% +9.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAAOIRBBNDOX
Held by institutions 60.5% 71.8% 93.0%
Institutions holding 482 161 448
Change in shares held, QoQ -3.5% -0.7% +0.5%
Institutions buying 313 88 250
Institutions selling 144 41 153
Buyers to sellers 2.17 2.15 1.63

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.

AAOIRBBNDOX
AAOI 1.00 0.22 -0.08
RBBN 0.22 1.00 0.01
DOX -0.08 0.01 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AAOI, RBBN and DOX?

Amdocs (DOX) is the largest by market capitalisation: Applied Optoelectronics (AAOI) $4.29B, Ribbon Communications (RBBN) $239.67M, Amdocs (DOX) $4.68B.

Which stock is cheaper, AAOI, RBBN and DOX?

Amdocs (DOX) trades on the lowest price-to-earnings ratio (Applied Optoelectronics (AAOI) -130.7x, Ribbon Communications (RBBN) 12.9x, Amdocs (DOX) 9.3x). On next year's consensus earnings, Amdocs (DOX) is cheapest (Applied Optoelectronics (AAOI) 66.0x, Amdocs (DOX) 5.3x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Applied Optoelectronics (AAOI) grew revenue fastest over the trailing twelve months: Applied Optoelectronics (AAOI) +77.2%, Ribbon Communications (RBBN) -7.8%, Amdocs (DOX) +3.6%.

Which company is more profitable?

Amdocs (DOX) has the highest net margin (Applied Optoelectronics (AAOI) -4.4%, Ribbon Communications (RBBN) 2.3%, Amdocs (DOX) 10.7%). On return on invested capital, Amdocs (DOX) leads (Applied Optoelectronics (AAOI) -2.3%, Ribbon Communications (RBBN) 0.0%, Amdocs (DOX) 12.6%).

Which stock has performed better?

Over the past year Applied Optoelectronics (AAOI) returned the most: Applied Optoelectronics (AAOI) +48.8%, Ribbon Communications (RBBN) -57.1%, Amdocs (DOX) -47.8%. Over five years, Applied Optoelectronics (AAOI) compounded fastest (Applied Optoelectronics (AAOI) +51.6%/yr, Ribbon Communications (RBBN) -25.6%/yr, Amdocs (DOX) -10.4%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Amdocs (DOX) has been the steadiest (Applied Optoelectronics (AAOI) 141.5%, Ribbon Communications (RBBN) 70.2%, Amdocs (DOX) 46.7%). Volatility measures how widely the price swings, not the risk of the business.

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

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.