HIMX Technology

Himax Technologies, Inc.

$10.70+2.39%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Technology
Industry: Semiconductors
Country: Taiwan
Market cap: 1.9B USD
Enterprise value: 2.2B USD
Full-time employees: 2,200

Overall health

Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 2.39 vs a peer median of 0.87) and more debt relative to equity (0.65× vs a peer median of 0.25×)higher risk: bigger price swings (beta 2.39 vs peers 0.87) and more debt vs equity (0.65× vs peers 0.25×)
About average: profitability and valuation

Ranks #1,387 of 1,612 technology companies (bottom 15%)

See how it ranks against its peers

Worth knowing

Stock pay is large next to buybacks. Stock-based pay expense $5M vs $5M spent repurchasing shares over the 3 fiscal years to 2025.
Over three fiscal years Himax Technologies recorded $5M of stock-based pay expense and spent $5M repurchasing shares (repurchases can include shares withheld to cover employees' taxes).Over three fiscal years Himax Technologies recorded $5M of stock-based pay expense and spent $5M repurchasing shares.
Annual revenue fell three years running. Fiscal-year revenue down each year from 2022 to 2025.
Himax Technologies's fiscal-year revenue declined in each of the three years to 2025.
Sales growing faster than profits. Since 2022: revenue −31%, operating profit −83%.
Since 2022, Himax Technologies's revenue changed −31% while operating profit fell 83%: costs rose faster than sales.
Cash flow well above reported profit. Free cash flow is 2.7× reported profit.
Free cash flow is 2.7× reported profit. Large non-cash charges, such as depreciation, amortization or stock-based pay, reduce reported profit without using cash.

StockQuotient Score

29/ 100▲ 1 since Oct 27 close

Oct 5 27 → Nov 4 29 (+2)

Valuation

Is the price right?

50/100

Moderate▲ 2 since Oct 27 close

3/3 inputs reported · High confidence

Since last year: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 48 → 50

Share price -10.4%+3
Peer companies moved-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Mixed versus peers:

▲ FCF yield
▼ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield2.4%

SEC filings · 12 months to Dec 2025Reported value30% base weight · Z-score 0.05Sector median: 0.0225 · MAD: 0.0225

EBITDA yield2.8%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 monthsReported value50% base weight · Z-score -0.40Sector median: 0.0423 · MAD: 0.0361

Free cash flow yield6.4%

SEC filings · 12 months to Dec 2025 · operating cash flow − capital spendingReported value20% base weight · Z-score 1.34Sector median: 0.0274 · MAD: 0.0274

Other data (not scored)

Book yield47.9%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.3292 · MAD: 0.1754

Growth

Is it growing?

8/100

Weak

3/3 inputs reported · High confidence

Since last year: ▼ Weaker

12-month revenue fell 8.2%

Why

Weaker than most peers on:

▼ 3-yr revenue
▼ EPS growth
▼ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth-44.8%

SEC filings · 12 months to Dec 2025Reported value33% base weight · Z-score -1.83Sector median: 0.1108 · MAD: 0.3050

3-year revenue growth-11.5%

SEC filings · 3 years to Dec 2025Reported value33% base weight · Z-score -2.06Sector median: 0.0483 · MAD: 0.0793

Revenue growth-8.2%

SEC filings · 12 months to Dec 2025Reported value33% base weight · Z-score -1.65Sector median: 0.0853 · MAD: 0.1017

Profitability

Does it earn well?

43/100

Moderate

3/3 inputs reported · High confidence

Since last year: ▼ Weaker

Operating margin fell 2.2 points to 5.3%

Why

Close to the peer norm on every measure.

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin5.3%

SEC filings · 12 months to Dec 2025Reported value33% base weight · Z-score -0.14Sector median: 0.0631 · MAD: 0.0710

Return on assets2.5%

SEC filings · 12 months to Dec 2025Reported value33% base weight · Z-score -0.11Sector median: 0.0293 · MAD: 0.0362

Return on invested capital5.5%

SEC filings · 12 months to Dec 2025Reported value33% base weight · Z-score -0.15Sector median: 0.0676 · MAD: 0.0857

Other data (not scored)

Gross margin30.6%

SEC filings · 12 months to Dec 2025Reported valueInformational · 0% composite weightSector median: 0.3343 · MAD: 0.1632

Return on equity4.9%

SEC filings · 12 months to Dec 2025Reported valueInformational · 0% composite weightSector median: 0.0753 · MAD: 0.0889

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last year: No major change

Why

Weaker than most peers on:

▼ Beta
▼ Debt / equity
▼ Current ratio

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta2.39

Yahoo Finance · 5-year monthly beta vs the marketOutlier capped at sector 5th/95th percentile33% base weight · Z-score -3.51Sector median: 0.8710 · MAD: 0.3700

Current ratio1.58×

SEC filings · latest balance sheetReported value33% base weight · Z-score -0.36Sector median: 1.8295 · MAD: 0.6848

Debt / equity0.65×

Yahoo Finance fallback · no standard SEC debt tagReported value33% base weight · Z-score -1.78Sector median: 0.2495 · MAD: 0.2270

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Himax Technologies

Is Himax Technologies getting weaker?: Its latest SEC filing (Mar 27, 2026) got weaker in some ways: operating margin fell 2.2 points to 5.3%; 12-month revenue fell 8.2%. Its overall score is 29/100, up 1 since Oct 28, 2026.
How is Himax Technologies valued vs its peers?: Priced about in line with its peers. Valuation scores 50/100 against 1,711 technology peers. Free cash flow yield 6.4% vs a peer median of 2.7% (stronger than 75% of peers).Free cash flow yield 6.4% vs peers 2.7% (stronger than 75% of peers). EBITDA yield 2.8% vs a peer median of 4.2% (weaker than 62% of peers).EBITDA yield 2.8% vs peers 4.2% (weaker than 62% of peers).
Is Himax Technologies growing?: More slowly than most of its peers. Growth scores 8/100 against 1,711 technology peers. 3-year revenue growth -11.5% vs a peer median of 4.8% (weaker than 90% of peers).3-year revenue growth -11.5% vs peers 4.8% (weaker than 90% of peers).
How profitable is Himax Technologies?: About as profitable as its peers. Profitability scores 43/100 against 1,711 technology peers.
How risky is Himax Technologies?: Higher risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Beta 2.39 vs a peer median of 0.87 (weaker than 100% of peers).Beta 2.39 vs peers 0.87 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Year ended Dec 31, 2025 · filed Mar 27, 2026 · compared with the year ended Dec 31, 2024

Got weaker

Operating margin fell 2.2 points to 5.3%
12-month revenue fell 8.2%

	Previous year	Latest year	Change
Revenue (12 months)	906.8M USD	832.2M USD	−8.2%
Net income (12 months)	79.8M USD	43.9M USD	−44.9%
Operating margin	7.5%	5.3%	−2.2 pts
Free cash flow (12 months)	102.9M USD	119.9M USD	+16.5%
Cash	218.1M USD	257.5M USD	+18.0%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one year at a time.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	48.4%	40.5%	27.9%	30.5%	30.6%	▲ 0.1 pts
Operating margin	35.2%	21.4%	4.6%	7.5%	5.3%	▼ 2.2 pts
Net margin	28.2%	19.7%	5.4%	8.8%	5.3%	▼ 3.5 pts
Return on assets (ROA)	27.3%	13.9%	3.1%	4.9%	2.5%	▼ 2.3 pts
Return on equity (ROE)	50.2%	26.6%	5.9%	9.0%	4.9%	▼ 4.0 pts
Free cash flow margin	24.6%	5.9%	13.7%	11.3%	14.4%	▲ 3.1 pts
Current ratio	1.98×	1.93×	1.69×	1.65×	1.58×	▼ 4.3%
Quick ratio	1.65×	1.39×	1.39×	1.43×	1.39×	▼ 2.6%
Interest coverage	507.47×	92.56×	7.11×	17.00×	12.64×	▼ 26%

HIMX price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 2.39 vs a peer median of 0.87) and more debt relative to equity (0.65× vs a peer median of 0.25×)higher risk: bigger price swings (beta 2.39 vs peers 0.87) and more debt vs equity (0.65× vs peers 0.25×)

About average: profitability and valuation

Ranks #1,387 of 1,612 technology companies (bottom 15%)

See how it ranks against its peers

Worth knowing

Stock pay is large next to buybacks. Stock-based pay expense $5M vs $5M spent repurchasing shares over the 3 fiscal years to 2025.

Over three fiscal years Himax Technologies recorded $5M of stock-based pay expense and spent $5M repurchasing shares (repurchases can include shares withheld to cover employees' taxes).Over three fiscal years Himax Technologies recorded $5M of stock-based pay expense and spent $5M repurchasing shares.

Annual revenue fell three years running. Fiscal-year revenue down each year from 2022 to 2025.

Himax Technologies's fiscal-year revenue declined in each of the three years to 2025.

Sales growing faster than profits. Since 2022: revenue −31%, operating profit −83%.

Since 2022, Himax Technologies's revenue changed −31% while operating profit fell 83%: costs rose faster than sales.

Cash flow well above reported profit. Free cash flow is 2.7× reported profit.

Free cash flow is 2.7× reported profit. Large non-cash charges, such as depreciation, amortization or stock-based pay, reduce reported profit without using cash.

Questions investors ask about Himax Technologies

Is Himax Technologies getting weaker?

Its latest SEC filing (Mar 27, 2026) got weaker in some ways: operating margin fell 2.2 points to 5.3%; 12-month revenue fell 8.2%. Its overall score is 29/100, up 1 since Oct 28, 2026.

How is Himax Technologies valued vs its peers?

Priced about in line with its peers. Valuation scores 50/100 against 1,711 technology peers. Free cash flow yield 6.4% vs a peer median of 2.7% (stronger than 75% of peers).Free cash flow yield 6.4% vs peers 2.7% (stronger than 75% of peers). EBITDA yield 2.8% vs a peer median of 4.2% (weaker than 62% of peers).EBITDA yield 2.8% vs peers 4.2% (weaker than 62% of peers).

Is Himax Technologies growing?

More slowly than most of its peers. Growth scores 8/100 against 1,711 technology peers. 3-year revenue growth -11.5% vs a peer median of 4.8% (weaker than 90% of peers).3-year revenue growth -11.5% vs peers 4.8% (weaker than 90% of peers).

How profitable is Himax Technologies?

About as profitable as its peers. Profitability scores 43/100 against 1,711 technology peers.

How risky is Himax Technologies?

Higher risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Beta 2.39 vs a peer median of 0.87 (weaker than 100% of peers).Beta 2.39 vs peers 0.87 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Previous year

Latest year

Change

Revenue (12 months)

906.8M USD

832.2M USD

−8.2%

Net income (12 months)

79.8M USD

43.9M USD

−44.9%

Operating margin

7.5%

5.3%

−2.2 pts

Free cash flow (12 months)

102.9M USD

119.9M USD

+16.5%

Cash

218.1M USD

257.5M USD

+18.0%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

48.4%

40.5%

27.9%

30.5%

30.6%

▲ 0.1 pts

Operating margin

35.2%

21.4%

4.6%

7.5%

5.3%

▼ 2.2 pts

Net margin

28.2%

19.7%

5.4%

8.8%

5.3%

▼ 3.5 pts

Return on assets (ROA)

27.3%

13.9%

3.1%

4.9%

2.5%

▼ 2.3 pts

Return on equity (ROE)

50.2%

26.6%

5.9%

9.0%

4.9%

▼ 4.0 pts

Free cash flow margin

24.6%

5.9%

13.7%

11.3%

14.4%

▲ 3.1 pts

Current ratio

1.98×

1.93×

1.69×

1.65×

1.58×

▼ 4.3%

Quick ratio

1.65×

1.39×

1.43×

1.39×

▼ 2.6%

Interest coverage

507.47×

92.56×

7.11×

17.00×

12.64×

▼ 26%