What is Deswell Industries Inc's earnings per share (EPS)?

Deswell Industries Inc (DSWL) reported diluted earnings per share of $0.67 for fiscal year 2026. This represents a -4.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Deswell Industries Inc (DSWL) Financials

DSWL

FY2026 annual

Revenue $61.3M -9.3% YoY

Net Income $10.6M -4.6% YoY

EPS (Diluted) $0.67 -4.3% YoY

Free Cash Flow $4.7M -64.3% YoY

Market Cap $49.4M as of Oct 17, 2026

Price / Sales 0.8x on $61.3M revenue, FY2026

Price / Earnings 4.6x on $10.6M net income, FY2026

Price / Book 0.5x on $109.4M equity, Q4 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 17, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period FY2026, ended Mar 31, 2026 Reported Jul 30, 2026 Currency USD FYE March

Newest figures come from the 20-F for FY2026, filed Jul 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the DSWL SEC filings page.

Deswell Industries Inc (DSWL) reported $61.3M in revenue for fiscal year 2026, down 9.3% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI DSWL FY2026 2026-10-04

Deswell is becoming a lower-volume, higher-gross-margin business, but cash generation weakened while its balance sheet stayed lightly leveraged.

The key shift is earnings quality: in FY2026, net income of $10.6M converted to only $5.2M of operating cash flow, making reported profit less cash-backed than the prior year. The same year's free cash flow was $4.7M after $6.9M of investing outflow, while inventory and receivables both rose from FY2025, pointing to cash absorbed by investing and working capital.

Revenue has contracted for four straight years, but gross margin reached 22.4% in FY2026 from 20.2% in FY2024, so lower volume has not translated into lower gross profit. That pattern points to mix or cost changes rather than simple volume-led expansion.

The company finances itself conservatively: debt-to-equity was 0.2x and current ratio 5.2x in FY2026, giving it substantial short-term coverage without heavy balance-sheet leverage. With liabilities at 15.8% of assets, asset growth has been funded mainly by equity rather than debt.

Financial Health Signals

Financial Health Score 60/100

Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Deswell Industries Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Deswell Industries Inc has an operating margin of 3.2%, meaning the company retains $3 of operating profit per $100 of revenue. This results in a moderate score of 55/100, indicating healthy but not exceptional operating efficiency. This is down from 4.9% the prior year.

Growth

Deswell Industries Inc's revenue declined 9.3% year-over-year, from $67.6M to $61.3M. This contraction results in a growth score of 14/100.

Leverage

Deswell Industries Inc carries a low D/E ratio of 0.19, meaning only $0.19 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 75/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 5.25, Deswell Industries Inc holds $5.25 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 92/100.

Cash Flow

Deswell Industries Inc converts 7.7% of revenue into free cash flow ($4.7M). This strong cash generation earns a score of 74/100.

Returns

Deswell Industries Inc's ROE of 9.7% shows moderate profitability relative to equity, earning a score of 51/100. This is down from 10.9% the prior year.

Altman Z-Score Safe

3.26

Deswell Industries Inc scores 3.26, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

4/8

Deswell Industries Inc passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

0.49x

For every $1 of reported earnings, Deswell Industries Inc generates $0.49 in operating cash flow ($5.2M OCF vs $10.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

None of these metrics is reported for Q4 2026.

Cash & Balance Sheet

Cash & Debt

$23.1M

YoY-18.0%

QoQ-18.0%

Deswell Industries Inc held $23.1M in cash as of Q4 2026; long-term debt is not reported for that period.

Shares Outstanding

16M

YoY-0.3%

QoQ-0.3%

Deswell Industries Inc had 16M shares outstanding in Q4 2026. This represents a decrease of 0.3% from the same quarter a year earlier. Against the prior quarter it is down 0.3%.

Free Cash Flow

Not reported for Q4 2026.

Dividends Per Share

Not reported for Q4 2026.

Margins & Returns

None of these metrics is reported for Q4 2026.

Capital Allocation

None of these metrics is reported for Q4 2026.

DSWL Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

DSWL quarterly income statement

Metric	FY2620-F	FY2520-F	FY2420-F	FY2320-F	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Revenue	$61.3M-9.3%	$67.6M-2.5%	$69.4M-10.3%	$77.3M-10.1%	$86.0M+32.5%	$64.9M-0.7%	$65.4M-1.8%	$66.6M+9.7%	$60.7M+36.3%	$44.5M-0.1%	$44.6M+17.1%	$38.1M-7.0%	$40.9M-23.3%	$53.4M-17.6%	$64.8M
Cost of Revenue	$47.6M-11.8%	$54.0M-2.7%	$55.5M-14.0%	$64.5M-10.5%	$72.0M+39.3%	$51.7M-3.3%	$53.5M-5.0%	$56.3M+10.5%	$51.0M+37.4%	$37.1M-6.8%	$39.8M+17.5%	$33.9M-9.2%	$37.3M-19.2%	$46.2M-16.5%	$55.3M
Gross Profit	$13.7M+0.6%	$13.6M-1.9%	$13.9M+8.3%	$12.8M-8.0%	$14.0M+6.0%	$13.2M+11.0%	$11.9M+15.5%	$10.3M+5.7%	$9.7M+30.4%	$7.4M+55.4%	$4.8M+13.5%	$4.2M+16.1%	$3.6M-49.6%	$7.2M-23.8%	$9.5M
SG&A Expenses	$11.6M+2.4%	$11.3M+7.4%	$10.5M-4.2%	$11.0M-2.7%	$11.3M+9.3%	$10.3M+2.8%	$10.0M+6.0%	$9.5M+7.4%	$8.8M-0.6%	$8.9M-2.9%	$9.1M0.0%	$9.1M-11.1%	$10.3M-4.3%	$10.7M-12.7%	$12.3M
Operating Income	$2.0M-40.2%	$3.3M-12.4%	$3.8M+31.1%	$2.9M+4.6%	$2.8M-15.4%	$3.3M+130.8%	$1.4M+165.1%	$533K-70.4%	$1.8M+185.7%	-$2.1M+60.7%	-$5.3M-11.3%	-$4.8M+29.7%	-$6.8M-109.0%	-$3.3M-50.8%	-$2.2M
EBITDA	$3.5M-28.3%	$4.8M-8.9%	$5.3M+15.5%	$4.6M+2.2%	$4.5M-10.4%	$5.0M+48.1%	$3.4M+27.9%	$2.6M-32.8%	$3.9M+12212.5%	$32K+101.1%	-$3.0M-50.1%	-$2.0M+38.3%	-$3.2M-438.6%	$949K-65.5%	$2.8M
Income Tax	-$363K-324.1%	$162K+47.3%	$110K-56.9%	$255K+254.5%	-$165K-134.7%	$475K+27.3%	$373K+159.0%	$144K+1957.1%	$7K-96.7%	$209K+32.3%	$158K-23.7%	$207K-66.8%	$624K+90.2%	$328K-32.0%	$482K
Net Income	$10.6M-4.6%	$11.1M+44.5%	$7.7M+274.4%	$2.1M-75.0%	$8.2M0.0%	$8.2M+723.6%	-$1.3M-130.9%	$4.3M-31.0%	$6.2M+349.9%	$1.4M+127.9%	-$4.9M-75.7%	-$2.8M+62.5%	-$7.5M-276.2%	-$2.0M-36.3%	-$1.5M
EPS (Basic)	$0.67-4.3%	$0.70+45.8%	$0.48+269.2%	$0.13-75.0%	$0.520.0%	$0.52+750.0%	-$0.08-129.6%	$0.27-30.8%	$0.39+333.3%	$0.09+129.0%	-$0.31-82.4%	-$0.17+63.0%	-$0.46-283.3%	-$0.12-33.3%	-$0.09
EPS (Diluted)	$0.67-4.3%	$0.70+45.8%	$0.48+269.2%	$0.13-74.5%	$0.510.0%	$0.51+737.5%	-$0.08-129.6%	$0.27-30.8%	$0.39+333.3%	$0.09+129.0%	-$0.31-82.4%	-$0.17+63.0%	-$0.46-283.3%	-$0.12-33.3%	-$0.09
Diluted Shares (Avg)	15,922-0.2%	15,953-0.3%	15,999-0.5%	16,072-0.4%	16,135-99.9%	16M+100735.7%	15,914-0.9%	16,059+0.5%	15,985-0.3%	16,035-0.1%	16,0560.0%	16,056-99.9%	16M-1.7%	16M+1.7%	16M

Metric	Q4'2620-F	Q4'2520-F	Q4'2420-F	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

DSWL Balance Sheet

DSWL quarterly balance sheet

Metric	FY2620-F	FY2520-F	FY2420-F	FY2320-F	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Total Assets	$130.0M+8.1%	$120.2M+8.2%	$111.1M+0.6%	$110.4M-4.4%	$115.4M+7.0%	$107.9M+13.1%	$95.4M-4.8%	$100.2M-0.2%	$100.4M+10.3%	$91.0M+3.9%	$87.6M-9.2%	$96.4M-4.2%	$100.6M-10.6%	$112.6M-7.7%	$122.0M
Current Assets	$106.9M+10.8%	$96.5M+15.9%	$83.3M+2.6%	$81.2M-7.6%	$87.8M+11.6%	$78.7M+20.4%	$65.4M-6.6%	$70.0M+1.5%	$68.9M+22.8%	$56.1M+10.7%	$50.7M-13.0%	$58.2M-5.9%	$61.9M-10.7%	$69.3M-7.9%	$75.2M
Cash & Equivalents	$23.1M-18.0%	$28.1M+78.6%	$15.8M-28.9%	$22.2M+64.6%	$13.5M-33.4%	$20.2M-10.2%	$22.5M+56.7%	$14.4M-5.4%	$15.2M+88.1%	$8.1M-32.7%	$12.0M-16.3%	$14.3M-38.5%	$23.3M-27.3%	$32.0M-3.2%	$33.1M
Short-Term Investments	$27.9M+10.7%	$25.2M+9.3%	$23.0M+11.1%	$20.7M-15.4%	$24.5M+9.5%	$22.4M+15.1%	$19.4M-20.5%	$24.4M+41.5%	$17.3M+5.8%	$16.3M+918.5%	$1.6M-4.4%	$1.7M+2.0%	$1.6M+3.6%	$1.6M-79.2%	$7.6M
Inventory	$11.8M+24.2%	$9.5M-22.0%	$12.1M-30.0%	$17.3M-27.3%	$23.8M+47.1%	$16.2M+88.8%	$8.6M-34.2%	$13.0M+0.8%	$12.9M+21.0%	$10.7M+31.7%	$8.1M-25.1%	$10.8M-1.7%	$11.0M-3.2%	$11.4M-28.2%	$15.9M
Accounts Receivable	$11.4M+15.3%	$9.9M-17.3%	$12.0M-23.7%	$15.7M-13.7%	$18.2M+23.7%	$14.7M+19.6%	$12.3M-21.8%	$15.7M-1.1%	$15.9M+20.9%	$13.2M+42.9%	$9.2M-3.9%	$9.6M+20.8%	$7.9M-4.4%	$8.3M-33.5%	$12.5M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0-100.0%	$2.9M-36.4%	$4.6M+185.2%	$1.6M	$0	$0	$0
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$393K+0.3%	$392K0.0%	$392K
Total Liabilities	$20.6M+13.7%	$18.1M+7.0%	$16.9M-18.4%	$20.7M-15.8%	$24.6M+11.1%	$22.2M+47.2%	$15.1M-3.1%	$15.5M-15.3%	$18.3M+32.0%	$13.9M+29.1%	$10.8M-13.0%	$12.4M+12.2%	$11.0M+0.3%	$11.0M-23.0%	$14.3M
Current Liabilities	$20.4M+14.9%	$17.7M+7.8%	$16.4M-18.8%	$20.2M-15.6%	$24.0M+13.0%	$21.2M+48.3%	$14.3M-11.7%	$16.2M-15.2%	$19.1M	N/A	$10.8M-13.0%	$12.4M+12.2%	$11.0M+0.3%	$11.0M-23.0%	$14.3M
Non-Current Liabilities	$211K-43.1%	$371K-22.1%	$476K-1.7%	$484K-26.6%	$659K-31.1%	$957K+27.4%	$751K+214.0%	-$659K+15.0%	-$775K+12.8%	-$889K	$0	$0	$0	$0	$0
Total Equity	$109.4M+7.1%	$102.1M+8.4%	$94.2M+5.0%	$89.6M-1.2%	$90.8M+5.9%	$85.7M+6.7%	$80.3M-4.3%	$84.0M+3.3%	$81.3M+6.7%	$76.2M-0.8%	$76.8M-8.6%	$84.1M-6.2%	$89.6M-11.8%	$101.6M-5.7%	$107.7M
Retained Earnings	$45.9M+19.3%	$38.5M+26.1%	$30.5M+17.4%	$26.0M-4.2%	$27.1M+22.9%	$22.1M+32.1%	$16.7M-18.2%	$20.4M+15.2%	$17.7M+40.2%	$12.6M-2.4%	$12.9M-35.7%	$20.1M-22.3%	$25.9M-30.0%	$37.0M-15.9%	$44.0M

Metric	Q4'2620-F	Q4'2520-F	Q4'2420-F	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K
Total Assets	$130.0M+8.1%	$120.2M+8.2%	$111.1M+0.6%	$110.4M-4.4%	$115.4M+7.0%	$107.9M+13.1%	$95.4M-4.8%	$100.2M-0.2%
Current Assets	$106.9M+10.8%	$96.5M+15.9%	$83.3M+2.6%	$81.2M-7.6%	$87.8M+11.6%	$78.7M+20.4%	$65.4M-6.6%	$70.0M+1.5%
Cash & Equivalents	$23.1M-18.0%	$28.1M+78.6%	$15.8M-28.9%	$22.2M+64.6%	$13.5M-33.4%	$20.2M-10.2%	$22.5M+56.7%	$14.4M-5.4%
Short-Term Investments	$27.9M+10.7%	$25.2M+9.3%	$23.0M+11.1%	$20.7M-15.4%	$24.5M+9.5%	$22.4M+15.1%	$19.4M-20.5%	$24.4M+41.5%
Inventory	$11.8M+24.2%	$9.5M-22.0%	$12.1M-30.0%	$17.3M-27.3%	$23.8M+47.1%	$16.2M+88.8%	$8.6M-34.2%	$13.0M+0.8%
Accounts Receivable	$11.4M+15.3%	$9.9M-17.3%	$12.0M-23.7%	$15.7M-13.7%	$18.2M+23.7%	$14.7M+19.6%	$12.3M-21.8%	$15.7M-1.1%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$20.6M+13.7%	$18.1M+7.0%	$16.9M-18.4%	$20.7M-15.8%	$24.6M+11.1%	$22.2M+47.2%	$15.1M-3.1%	$15.5M-15.3%
Current Liabilities	$20.4M+14.9%	$17.7M+7.8%	$16.4M-18.8%	$20.2M-15.6%	$24.0M+13.0%	$21.2M+48.3%	$14.3M-11.7%	$16.2M-15.2%
Non-Current Liabilities	$211K-43.1%	$371K-22.1%	$476K-1.7%	$484K-26.6%	$659K-31.1%	$957K+27.4%	$751K+214.0%	-$659K+15.0%
Total Equity	$109.4M+7.1%	$102.1M+8.4%	$94.2M+5.0%	$89.6M-1.2%	$90.8M+5.9%	$85.7M+6.7%	$80.3M-4.3%	$84.0M+3.3%
Retained Earnings	$45.9M+19.3%	$38.5M+26.1%	$30.5M+17.4%	$26.0M-4.2%	$27.1M+22.9%	$22.1M+32.1%	$16.7M-18.2%	$20.4M+15.2%

Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.

DSWL Cash Flow Statement

DSWL quarterly cash flow statement

Metric	FY2620-F	FY2520-F	FY2420-F	FY2320-F	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Operating Cash Flow	$5.2M-61.6%	$13.5M+2.5%	$13.2M+1.6%	$13.0M+7202.7%	-$183K-105.6%	$3.3M-74.9%	$13.1M+505.8%	$2.2M-62.0%	$5.7M+626.7%	-$1.1M-292.2%	$563K+123.8%	-$2.4M-26.2%	-$1.9M-122.3%	$8.4M-24.6%	$11.1M
Depreciation & Amortization	$1.5M-2.3%	$1.5M-0.3%	$1.5M-10.9%	$1.7M-1.6%	$1.7M-1.1%	$1.8M-11.0%	$2.0M-6.7%	$2.1M-1.1%	$2.1M+0.1%	$2.1M-10.0%	$2.4M-16.0%	$2.8M-22.0%	$3.6M-14.2%	$4.2M-14.2%	$4.9M
Stock-Based Compensation	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0	$0-100.0%	$199K	N/A	N/A	$549K
Capital Expenditures	$481K+44.9%	$332K-12.9%	$381K-51.9%	$792K-47.3%	$1.5M+173.0%	$551K+8.7%	$507K-42.3%	$878K-48.6%	$1.7M-20.7%	$2.2M+264.1%	$591K-33.6%	$890K+4.3%	$853K-10.3%	$951K+237.2%	$282K
Free Cash Flow	$4.7M-64.3%	$13.2M+2.9%	$12.8M+5.1%	$12.2M+823.5%	-$1.7M-161.5%	$2.7M-78.2%	$12.6M+879.3%	$1.3M-67.7%	$4.0M+223.4%	-$3.2M-11450.0%	-$28K+99.1%	-$3.3M-19.4%	-$2.7M-136.6%	$7.5M-31.4%	$10.9M
Investing Cash Flow	-$6.9M-439.2%	$2.0M+112.4%	-$16.4M-1373.5%	-$1.1M+67.5%	-$3.4M-26.0%	-$2.7M-2.5%	-$2.7M-89.8%	-$1.4M-155.4%	$2.5M+1002.5%	-$280K+76.8%	-$1.2M	N/A	N/A	N/A	N/A
Financing Cash Flow	-$3.4M-5.3%	-$3.2M0.0%	-$3.2M0.0%	-$3.2M-1.4%	-$3.1M-9.7%	-$2.9M-23.3%	-$2.3M-46.2%	-$1.6M-42.8%	-$1.1M+56.5%	-$2.6M-51.6%	-$1.7M	N/A	N/A	N/A	N/A
Dividends Paid	$3.2M0.0%	$3.2M0.0%	$3.2M0.0%	$3.2M+0.1%	$3.2M+11.2%	$2.9M+20.0%	$2.4M+50.3%	$1.6M+42.8%	$1.1M-50.5%	$2.2M+33.3%	$1.7M-43.3%	$3.0M-17.8%	$3.6M-32.5%	$5.4M+120.5%	$2.4M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$308K	N/A	N/A	$2.5M+128.0%	$1.1M	N/A

Metric	Q4'2620-F	Q4'2520-F	Q4'2420-F	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K

Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.

DSWL Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

DSWL quarterly financial ratios

Metric	FY2620-F	FY2520-F	FY2420-F	FY2320-F	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Gross Margin	22.4%+2.2pp	20.2%+0.1pp	20.0%+3.4pp	16.6%+0.4pp	16.2%-4.1pp	20.3%+2.1pp	18.1%+2.7pp	15.4%-0.6pp	16.0%-0.7pp	16.7%+6.0pp	10.8%-0.3pp	11.1%+2.2pp	8.9%-4.6pp	13.5%-1.1pp	14.6%
Operating Margin	3.2%-1.7pp	4.9%-0.6pp	5.5%+1.7pp	3.7%+0.5pp	3.2%-1.8pp	5.0%+2.9pp	2.2%+1.4pp	0.8%-2.2pp	3.0%+7.7pp	-4.7%+7.3pp	-12.0%+0.6pp	-12.6%+4.1pp	-16.7%-10.6pp	-6.1%-2.8pp	-3.4%
Net Margin	17.3%+0.9pp	16.5%+5.4pp	11.1%+8.5pp	2.7%-6.9pp	9.6%-3.1pp	12.7%+14.7pp	-2.0%-8.4pp	6.4%-3.8pp	10.2%+7.1pp	3.1%+14.2pp	-11.1%-3.7pp	-7.4%+10.9pp	-18.3%-14.6pp	-3.7%-1.5pp	-2.3%
Return on Equity	9.7%-1.2pp	10.9%+2.7pp	8.2%+5.9pp	2.3%-6.8pp	9.1%-0.5pp	9.6%+11.3pp	-1.6%-6.7pp	5.1%-2.5pp	7.6%+5.8pp	1.8%+8.2pp	-6.4%-3.1pp	-3.3%+5.0pp	-8.4%-6.4pp	-2.0%-0.6pp	-1.4%
Return on Assets	8.2%-1.1pp	9.3%+2.3pp	6.9%+5.1pp	1.9%-5.3pp	7.1%-0.5pp	7.6%+9.0pp	-1.4%-5.7pp	4.3%-1.9pp	6.2%+4.7pp	1.5%+7.1pp	-5.6%-2.7pp	-2.9%+4.5pp	-7.4%-5.7pp	-1.8%-0.6pp	-1.2%
Current Ratio	5.25-0.2x	5.45+0.4x	5.07+1.1x	4.01+0.3x	3.660.0x	3.71-0.9x	4.57+0.3x	4.32+0.7x	3.60	N/A	4.710.0x	4.71-0.9x	5.61-0.7x	6.31+1.0x	5.27
Debt-to-Equity	0.190.0x	0.180.0x	0.18-0.1x	0.230.0x	0.270.0x	0.26+0.1x	0.190.0x	0.190.0x	0.230.0x	0.180.0x	0.140.0x	0.150.0x	0.120.0x	0.110.0x	0.13
Asset Turnover	0.47-0.1x	0.56-0.1x	0.62-0.1x	0.700.0x	0.74+0.1x	0.60-0.1x	0.690.0x	0.66+0.1x	0.60+0.1x	0.490.0x	0.51+0.1x	0.390.0x	0.41-0.1x	0.47-0.1x	0.53
FCF Margin	7.7%-11.8pp	19.5%+1.0pp	18.5%+2.7pp	15.8%+17.7pp	-2.0%-6.2pp	4.2%-15.1pp	19.3%+17.4pp	1.9%-4.7pp	6.6%+13.8pp	-7.3%-7.2pp	-0.1%+8.5pp	-8.6%-1.9pp	-6.7%-20.6pp	14.0%-2.8pp	16.8%

Metric	Q4'2620-F	Q4'2520-F	Q4'2420-F	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K
Current Ratio	5.25-0.2x	5.45+0.4x	5.07+1.1x	4.01+0.3x	3.660.0x	3.71-0.9x	4.57+0.3x	4.32+0.7x
Debt-to-Equity	0.190.0x	0.180.0x	0.18-0.1x	0.230.0x	0.270.0x	0.26+0.1x	0.190.0x	0.190.0x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Deswell Industries Inc DSWL	FY2026	$61.3M	$10.6M	17.3%	$49.4M	60/100
Syntec Optics Holdings, Inc. OPTX	FY2025	$28.1M	-$1.8M	-6.4%	$262.6M	36/100
Eltek Ltd ELTK	FY2025	$51.8M	$826K	1.6%	$45.7M	55/100
Neonode Inc. NEON	FY2025	$2.1M	N/A	N/A	$12.9M	42/100
Interlink Electronics, Inc. LINK	FY2025	$11.9M	-$1.6M	-13.6%	$65.5M	51/100

Where Deswell Industries Inc Ranks

Frequently Asked Questions

What is Deswell Industries Inc's annual revenue?

Deswell Industries Inc (DSWL) reported $61.3M in total revenue for fiscal year 2026. This represents a -9.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Deswell Industries Inc's revenue growing?

Deswell Industries Inc (DSWL) revenue declined by 9.3% year-over-year, from $67.6M to $61.3M in fiscal year 2026.

Is Deswell Industries Inc profitable?

Yes, Deswell Industries Inc (DSWL) reported a net income of $10.6M in fiscal year 2026, with a net profit margin of 17.3%.

What is Deswell Industries Inc's EBITDA?

Deswell Industries Inc (DSWL) had EBITDA of $3.5M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

What is Deswell Industries Inc's gross margin?

Deswell Industries Inc (DSWL) had a gross margin of 22.4% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

What is Deswell Industries Inc's operating margin?

Deswell Industries Inc (DSWL) had an operating margin of 3.2% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

What is Deswell Industries Inc's net profit margin?

Deswell Industries Inc (DSWL) had a net profit margin of 17.3% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

Does Deswell Industries Inc pay dividends?

Yes, Deswell Industries Inc (DSWL) paid $0.20 per share in dividends during fiscal year 2026.

What is Deswell Industries Inc's return on equity (ROE)?

Deswell Industries Inc (DSWL) has a return on equity of 9.7% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

What is Deswell Industries Inc's free cash flow?

Deswell Industries Inc (DSWL) generated $4.7M in free cash flow during fiscal year 2026. This represents a -64.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Deswell Industries Inc's operating cash flow?

Deswell Industries Inc (DSWL) generated $5.2M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are Deswell Industries Inc's total assets?

Deswell Industries Inc (DSWL) had $130.0M in total assets as of fiscal year 2026, including both current and long-term assets.

What are Deswell Industries Inc's capital expenditures?

Deswell Industries Inc (DSWL) invested $481K in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

How many shares does Deswell Industries Inc have outstanding?

Deswell Industries Inc (DSWL) had 16M shares outstanding as of fiscal year 2026.

What is Deswell Industries Inc's current ratio?

Deswell Industries Inc (DSWL) had a current ratio of 5.25 as of fiscal year 2026, which is generally considered healthy.

What is Deswell Industries Inc's debt-to-equity ratio?

Deswell Industries Inc (DSWL) had a debt-to-equity ratio of 0.19 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Deswell Industries Inc's return on assets (ROA)?

Deswell Industries Inc (DSWL) had a return on assets of 8.2% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

What is Deswell Industries Inc's P/E ratio?

Deswell Industries Inc (DSWL) trades at 4.6x earnings, its market capitalization divided by net income of $10.6M net income, FY2026. The market capitalization is $49.4M as of Oct 17, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Deswell Industries Inc's price-to-sales ratio?

Deswell Industries Inc (DSWL) trades at 0.8x sales, its market capitalization divided by revenue of $61.3M revenue, FY2026. The market capitalization is $49.4M as of Oct 17, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Deswell Industries Inc's Altman Z-Score?

Deswell Industries Inc (DSWL) has an Altman Z-Score of 3.26, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Deswell Industries Inc's Piotroski F-Score?

Deswell Industries Inc (DSWL) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Deswell Industries Inc's earnings high quality?

Deswell Industries Inc (DSWL) has an earnings quality ratio of 0.49x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Deswell Industries Inc?

Deswell Industries Inc (DSWL) scores 60 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.