MPTI vs. AAOI

Last updated Apr 2, 2026

Compare and contrast key facts about M-tron Industries Inc (MPTI) and Applied Optoelectronics, Inc. (AAOI).

Performance

MPTI vs. AAOI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in M-tron Industries Inc (MPTI) and Applied Optoelectronics, Inc. (AAOI). The values are adjusted to include any dividend payments, if applicable.

MPTI vs. AAOI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
MPTI M-tron Industries Inc	35.49%	31.87%	35.66%	308.00%	-33.21%
AAOI Applied Optoelectronics, Inc.	147.71%	-5.43%	90.79%	922.22%	-31.27%

Fundamentals

Market Cap MPTI : $248.40M AAOI : $6.07B
EPS MPTI : $2.73 AAOI : -$0.60
PS Ratio MPTI : 4.11 AAOI : 12.03
PB Ratio MPTI : 3.93 AAOI : 8.28
Total Revenue (TTM) MPTI : $54.42M AAOI : $455.72M
Gross Profit (TTM) MPTI : $24.15M AAOI : $136.91M
EBITDA (TTM) MPTI : $11.59M AAOI : -$26.01M

Returns By Period

In the year-to-date period, MPTI achieves a 35.49% return, which is significantly lower than AAOI's 147.71% return.

MPTI

• 1D: 7.87%
• 1M: 9.26%
• YTD: 35.49%
• 6M: 35.80%
• 1Y: 55.38%
• 3Y*: 100.41%
• 5Y*: —
• 10Y*: —

AAOI

• 1D: 2.08%
• 1M: -15.76%
• YTD: 147.71%
• 6M: 203.84%
• 1Y: 472.23%
• 3Y*: 239.33%
• 5Y*: 57.82%
• 10Y*: 19.10%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

MPTI vs. AAOI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MPTI

MPTI Risk / Return Rank: 70
MPTI Sharpe Ratio Rank: 71
MPTI Sortino Ratio Rank: 68
MPTI Omega Ratio Rank: 67
MPTI Calmar Ratio Rank: 73
MPTI Martin Ratio Rank: 70

AAOI

AAOI Risk / Return Rank: 96
AAOI Sharpe Ratio Rank: 98
AAOI Sortino Ratio Rank: 94
AAOI Omega Ratio Rank: 91
AAOI Calmar Ratio Rank: 98
AAOI Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MPTI vs. AAOI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for M-tron Industries Inc (MPTI) and Applied Optoelectronics, Inc. (AAOI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	MPTI	AAOI	Difference
Sharpe ratio Return per unit of total volatility	0.91	3.49	-2.58
Sortino ratio Return per unit of downside risk	1.56	3.51	-1.95
Omega ratio Gain probability vs. loss probability	1.20	1.42	-0.21
Calmar ratio Return relative to maximum drawdown	1.76	9.71	-7.95
Martin ratio Return relative to average drawdown	3.60	25.23	-21.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MPTI vs. AAOI - Sharpe Ratio Comparison

The current MPTI Sharpe Ratio is 0.91, which is lower than the AAOI Sharpe Ratio of 3.49. The chart below compares the historical Sharpe Ratios of MPTI and AAOI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MPTI	AAOI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.91	3.49	-2.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.50	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.20	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.01	0.21	+0.80

Correlation

The correlation between MPTI and AAOI is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

MPTI vs. AAOI - Dividend Comparison

Neither MPTI nor AAOI has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

MPTI vs. AAOI - Drawdown Comparison

The maximum MPTI drawdown since its inception was -49.99%, smaller than the maximum AAOI drawdown of -98.49%. Use the drawdown chart below to compare losses from any high point for MPTI and AAOI.

Drawdown Indicators

	MPTI	AAOI	Difference
Max Drawdown Largest peak-to-trough decline	-49.99%	-98.49%	+48.50%
Max Drawdown (1Y) Largest decline over 1 year	-35.14%	-47.64%	+12.50%
Max Drawdown (5Y) Largest decline over 5 years	—	-83.07%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-98.49%	—
Current Drawdown Current decline from peak	-6.42%	-32.01%	+25.59%
Average Drawdown Average peak-to-trough decline	-19.42%	-66.55%	+47.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.21%	18.34%	-1.13%

Volatility

MPTI vs. AAOI - Volatility Comparison

The current volatility for M-tron Industries Inc (MPTI) is 27.15%, while Applied Optoelectronics, Inc. (AAOI) has a volatility of 46.64%. This indicates that MPTI experiences smaller price fluctuations and is considered to be less risky than AAOI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MPTI	AAOI	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.15%	46.64%	-19.49%
Volatility (6M) Calculated over the trailing 6-month period	40.04%	103.13%	-63.09%
Volatility (1Y) Calculated over the trailing 1-year period	61.21%	136.36%	-75.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.57%	115.76%	-44.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.57%	96.76%	-25.19%

Financials

MPTI vs. AAOI - Profitability Comparison

The chart below illustrates the profitability comparison between M-tron Industries Inc and Applied Optoelectronics, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

MPTI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, M-tron Industries Inc reported a gross profit of 6.67M and revenue of 14.23M. Therefore, the gross margin over that period was 46.9%.

AAOI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Applied Optoelectronics, Inc. reported a gross profit of 41.95M and revenue of 134.27M. Therefore, the gross margin over that period was 31.2%.

MPTI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, M-tron Industries Inc reported an operating income of 3.88M and revenue of 14.23M, resulting in an operating margin of 27.3%.

AAOI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Applied Optoelectronics, Inc. reported an operating income of -11.50M and revenue of 134.27M, resulting in an operating margin of -8.6%.

MPTI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, M-tron Industries Inc reported a net income of 3.43M and revenue of 14.23M, resulting in a net margin of 24.1%.

AAOI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Applied Optoelectronics, Inc. reported a net income of -2.02M and revenue of 134.27M, resulting in a net margin of -1.5%.