Daqo New Energy Corp.
DQFinancial Statements
Income Statement (Annual)
Amounts in millions
2024
12/31/2024
Revenue
1,029
Cost of Revenue
1,242
Gross Profit
-213
Gross Margin
-20.7%
Operating Income
-564
Operating Margin
-54.8%
Net Income
-345
Net Margin
-33.5%
EPS (Basic)
$-5.20
EPS (Diluted)
$-5.20
EBITDA
-180
EBITDA Margin
-17.5%
2023
12/31/2023
Revenue
2,308
Cost of Revenue
1,387
Gross Profit
921
Gross Margin
39.9%
Operating Income
783
Operating Margin
33.9%
Net Income
430
Net Margin
18.6%
EPS (Basic)
$5.75
EPS (Diluted)
$5.75
EBITDA
932
EBITDA Margin
40.4%
2022
12/31/2022
Revenue
4,608
Cost of Revenue
1,200
Gross Profit
3,408
Gross Margin
74.0%
Operating Income
3,041
Operating Margin
66.0%
Net Income
1,820
Net Margin
39.5%
EPS (Basic)
$24.00
EPS (Diluted)
$23.55
EBITDA
3,148
EBITDA Margin
68.3%
2021
12/31/2021
Revenue
1,679
Cost of Revenue
582
Gross Profit
1,097
Gross Margin
65.4%
Operating Income
1,051
Operating Margin
62.6%
Net Income
749
Net Margin
44.6%
EPS (Basic)
$10.15
EPS (Diluted)
$9.75
EBITDA
1,129
EBITDA Margin
67.2%
2020
12/31/2020
Revenue
676
Cost of Revenue
442
Gross Profit
234
Gross Margin
34.6%
Operating Income
188
Operating Margin
27.8%
Net Income
129
Net Margin
19.1%
EPS (Basic)
$1.80
EPS (Diluted)
$1.70
EBITDA
257
EBITDA Margin
38.0%