Daqo New Energy
DQ
10.90
-0.18
-1.62%
Daqo New Energy
US · DQ
#3474 by market cap
Listed 2010
10.90
-0.18
-1.62%
Live - 5344 symbols - heartbeat 552s ago
· 2026-10-08 04:48
Pre-market
11.06
+1.48%
After-hours
10.90
0.00%
- Market cap
- 737.56M
- P/E (TTM)i
- -3.82
- P/Bi
- 0.17
- EPSi
- -2.55
- Div yieldi
- 0.00%
- 52W posi
- 1%
Reader sentiment
Are you bullish or bearish on DQ?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Fair
- Altman Z-Score is 1.81, in the 1.8-3.0 "grey zone".
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year -35.34% YoY
Margins
- Gross margin
- -20.72%
- Operating margin
- -40.61%
- Net margin
- -25.63%
Key ratios & quality
- Altman Z-Scorei
- 1.81
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 301.60M | 349.99M | 675.60M | 1.68B | 4.61B | 2.31B | 1.03B | 665.42M |
| Gross profit | 98.11M | 80.10M | 233.99M | 1.10B | 3.41B | 920.65M | -212.93M | -137.85M |
| Selling & admin expenses | 27.08M | 32.46M | 39.47M | 39.90M | 354.07M | 213.24M | 143.09M | 118.22M |
| Research & development | 2.74M | 5.71M | 6.86M | 6.50M | 10.04M | 10.12M | 4.56M | 2.58M |
| Operating profit | 81.20M | 47.49M | 187.86M | 1.05B | 3.04B | 783.43M | -388.47M | -270.24M |
| Pretax profit | 73.51M | 37.89M | 162.13M | 1.03B | 3.06B | 818.47M | -518.06M | -237.12M |
| Tax | 11.72M | 9.62M | 28.18M | 170.10M | 577.25M | 165.59M | -69.91M | -21.03M |
| Net profit | 38.77M | 29.52M | 133.81M | 864.85M | 2.48B | 652.89M | -448.15M | -216.08M |
| Basic EPS | 1 | 0 | 2 | 10 | 24 | 6 | -5 | -3 |
| Diluted EPS | 0.60 | 0.40 | 1.70 | 9.75 | 23.35 | 5.75 | -5.20 | -2.55 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 123.91M | 75.19M | 244.60M | 221.71M | 26.72M | 62.66M |
| Gross profit | -81.54M | -81.41M | 9.65M | 15.44M | -139.37M | -82.71M |
| Selling & admin expenses | 35.09M | 32.12M | 32.29M | 18.73M | 12.16M | 15.83M |
| Research & development | 507.00K | 796.00K | 559.00K | 722.00K | 783.00K | 1.55M |
| Operating profit | -114.05M | -114.99M | -20.30M | -20.89M | -150.81M | -98.08M |
| Pretax profit | -105.01M | -106.82M | -11.89M | -13.41M | -143.31M | -90.83M |
| Tax | -12.27M | -8.17M | 2.96M | -3.55M | -21.64M | 21.54M |
| Net profit | -92.73M | -98.65M | -14.84M | -9.86M | -121.67M | -112.37M |
| Basic EPS | -1 | -1 | 0 | 0 | -1 | -1 |
| Diluted EPS | -1.07 | -1.14 | -0.22 | -0.11 | -1.31 | -1.20 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 160.07M | 174.33M | 180.27M | 1.74B | 4.89B | 3.58B | 2.63B | 2.70B |
| Cash & ST investments | 87.23M | 51.84M | 76.60M | 1.00B | 3.51B | 3.04B | 2.10B | 1.94B |
| Inventory | 20.46M | 39.30M | 49.24M | 327.77M | 169.52M | 173.27M | 149.94M | 169.10M |
| Total assets | 854.93M | 1.20B | 1.24B | 3.34B | 7.59B | 7.43B | 6.42B | 6.45B |
| Total current liabilities | 149.85M | 445.15M | 284.14M | 550.50M | 736.54M | 836.43M | 521.24M | 501.62M |
| Short-term debt | 68.35M | 229.87M | 119.87M | -- | 20.69M | -- | 6.82M | 103.04M |
| Long-term debt | 133.31M | 151.52M | 123.22M | -- | -- | -- | -- | -- |
| Total liabilities | 329,797,404.00 | 634,198,000.00 | 440,228,000.00 | 679,821,000.00 | 989,490,000.00 | 978,582,000.00 | 560,377,000.00 | 533,010,000.00 |
| Total equity | 525.13M | 567.16M | 798.92M | 2.66B | 6.60B | 6.45B | 5.86B | 5.92B |
| Retained earnings | 171.40M | 200.92M | 330.12M | 1.08B | 2.90B | 3.33B | 2.98B | 2.81B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 2.58B | 2.52B | 2.61B | 2.70B | 2.56B | 2.59B |
| Cash & ST investments | 2.09B | 1.98B | 2.02B | 1.94B | 1.92B | 1.79B |
| Inventory | 125.92M | 167.60M | 121.44M | 169.10M | 258.28M | 363.46M |
| Total assets | 6.31B | 6.29B | 6.34B | 6.45B | 6.34B | 6.34B |
| Total current liabilities | 458.76M | 446.81M | 462.35M | 501.62M | 425.74M | 445.03M |
| Short-term debt | -- | -- | -- | 103.04M | -- | -- |
| Long-term debt | -- | -- | -- | -- | -- | -- |
| Total liabilities | 497,336,000.00 | 483,126,000.00 | 497,345,000.00 | 533,010,000.00 | 449,578,000.00 | 477,996,000.00 |
| Total equity | 5.81B | 5.81B | 5.84B | 5.92B | 5.89B | 5.86B |
| Retained earnings | -- | -- | -- | 2.81B | -- | -- |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 95.55M | -933.00K | 209.70M | 638.99M | 2.46B | 1.62B | -435.42M | 49.67M |
| Depreciation & amortization | 27.72M | -- | 68.69M | 77.37M | 107.10M | 148.89M | 206.36M | 236.67M |
| Free cash flow | -47.51M | -933.00K | 91.41M | 130.73M | 1.21B | 429.20M | -804.34M | -123.35M |
| Dividends paid | -- | -- | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | 113.54M | -- | 0 | 0 | -124.93M | -522.14M | -12.65M | -850.00K |
| Ending cash balance | 95.12M | 1.35M | 118.40M | 723.97M | 3.52B | 3.05B | 1.04B | 980.29M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | -38.88M | -66.56M | 55.43M | 99.68M | -147.51M | -128.72M |
| Depreciation & amortization | -- | -- | -- | -- | -- | -- |
| Free cash flow | -96.51M | -96.73M | 22.92M | 46.98M | -176.20M | -155.18M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -- | -- | -- | -- | -- | -- |
| Ending cash balance | 791.93M | 598.58M | 551.56M | 980.29M | 559.42M | 555.32M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 8.32 | 5.41 | 19.37 | 51.14 | 52.22 | 8.98 | -7.57 | -3.89 |
| ROA %i | 4.75 | 2.87 | 10.59 | 32.68 | 33.28 | 5.72 | -4.99 | -2.65 |
| ROIC %i | 6.85 | 4.37 | 15.37 | 52.31 | 51.58 | 8.98 | -8.13 | -4.03 |
| 5-year avg ROE %i | 13.78 | 12.92 | 15.64 | 22.46 | 27.29 | 27.42 | 24.83 | 20.18 |
| EBIT margin %i | 28.03 | 13.80 | 27.94 | 62.87 | 65.98 | 33.95 | -37.75 | -40.61 |
| FCF / sales %i | -- | -- | 13.53 | -- | 26.30 | 18.60 | -- | -- |
| Current ratioi | 1.07 | 0.39 | 0.63 | 3.17 | 6.64 | 4.28 | 5.05 | 5.37 |
| Quick ratioi | 0.65 | 0.13 | 0.27 | 2.49 | 6.31 | 3.77 | 4.14 | 4.14 |
| Debt / assetsi | 23.59 | 31.75 | 19.62 | -- | 0.27 | -- | 0.11 | 1.60 |
| LT debt / equityi | 25.39 | 26.75 | 16.06 | -- | -- | -- | -- | -- |
| Interest coveragei | 7.86 | 4.64 | 7.09 | 51.53 | -- | -- | -- | -- |
| Revenue CAGR (3Y) %i | 18.33 | 21.28 | 27.86 | 77.22 | 136.14 | 50.60 | -15.05 | -47.54 |
| Net income CAGR (3Y) %i | 43.30 | -12.11 | 11.64 | 169.82 | 295.02 | 49.25 | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | 5.15 | -- | -- | 67.45 | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | -9.56 | -8.73 | -7.58 | -3.89 | -4.29 | -4.41 |
| ROA %i | -6.38 | -5.88 | -5.13 | -2.65 | -2.96 | -3.04 |
| ROIC %i | -9.95 | -8.73 | -7.58 | -4.03 | -4.47 | -4.41 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | -72.26 | -76.29 | -58.63 | -40.61 | -54.03 | -52.20 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- |
| Current ratioi | 5.62 | 5.65 | 5.65 | 5.37 | 6.02 | 5.81 |
| Quick ratioi | 4.68 | 4.54 | 4.70 | 4.14 | 4.55 | 4.17 |
| Debt / assetsi | -- | -- | -- | 1.60 | -- | -- |
| LT debt / equityi | -- | -- | -- | -- | -- | -- |
| Interest coveragei | -- | -- | -- | -- | -- | -- |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
Revenue breakdown most recent period
Business
Polysilicon100.00%
Region
Domestic Sales99.19%
Export Sales0.81%
Quote time 2026-10-08 04:48:04 · For reference only, not investment advice and not tailored to your situation.