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Buy Day today: Good (62) Broad market participation · no major macro event
ALNT

Allient Inc.

Technology · Electronic Components

99.10$ +0.0% vs. previous close Closing price · As of: Sep 17, 2026
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Assessment

Our Rating

A journalistic assessment by our editorial team at the time of the deep dive — it rates the company, not the entry point. Not investment advice and not a solicitation to buy or sell.

Quality confirmed Promises repeatedly missed

Business model, numbers and balance sheet hold up to our review. Whether the current price supports an entry is a separate question — it hangs on the price, not on the company.

Why this colour

Quality confirmed: the operational turnaround is documented — gross margin up 150 basis points to 32.8 percent, operating margin from 5.7 to 7.9 percent, earnings up 70 percent, book-to-bill above one and net debt cut from $188.1 million to $139.7 million — and with covenants comfortably met, goodwill and cyclicality remain burdens to watch, not open operational wounds. The rating says nothing about the entry price — that is what the metrics scanners answer, with a price-to-earnings ratio around 62 and an average analyst price target below the recent price. The decision is yours.

What the thesis turns on

Assessment: Opportunities & Risks

Allient is a genuine strength story: the motion-technology specialist has delivered a documented operational turnaround (operating margin from 5.7 to 7.9 percent, net income +70 percent, order intake +15 percent) and fires in 23 scanners for good reason, from "Best of All" to the all-time high. The honest flip side is the price of that strength: $134 million of goodwill (23 percent of total assets) and $140 million of net debt from the buy-and-build strategy, cyclical end markets — and a stock that, after nearly tripling, is valued at a price-to-earnings ratio around 62 while the average analyst price target sits below the recent price. A very good company; the question is the entry price. Not investment advice.

Operating quality & turnaround

A genuine, documented improvement: gross margin up 150 basis points to 32.8 percent, operating margin from 5.7 to 7.9 percent, net income +70 percent — carried by the "Simplify to Accelerate NOW" program, not by one-off effects. In the first quarter of 2026, net income grew 51 percent.

Order book & demand

Order intake +15 percent to $550.9 million, backlog at $233 million, book-to-bill above one. Demand around data centers (power-quality solutions) supports the industrial segment and provides visibility beyond the day.

Balance sheet: goodwill & debt

The price of the buy-and-build strategy: $134.3 million of goodwill is roughly 23 percent of total assets and about 45 percent of equity (impairment risk). $139.7 million of net debt — reduced from $188.1 million, to be fair — with a $13.2 million interest bill that ties up roughly 30 percent of operating income. Covenants comfortably met.

Cyclicality of the end markets

Broad positioning across four end markets cushions swings, yet demand remains tied to the economy: in 2025 the industrial side boomed while the vehicle business (powersports, trucks) shrank. A broad downturn would hit the single-digit-margin supplier noticeably; beta around 1.6.

Valuation & price

Expensive after nearly tripling: price-to-earnings around 62 (forward around 34), EV/EBITDA around 24, price-to-sales around 2.5. The average analyst price target of roughly $73.80 sits below the recent price — the professionals see barely any upside. An all-time high means maximum altitude.

Worth Noting

Price and valuation figures dated mid-2026; analyses are evergreen, daily prices are not a buy argument. The market value of roughly $1.4 billion refers to roughly 17.0 million shares outstanding.

Net debt per the annual report (10-K) definition: financial debt of $180.4 million minus cash of $40.7 million equals $139.7 million (prior year: $224.2 minus $36.1 = $188.1 million). Under a broader definition including lease liabilities, net debt comes out somewhat higher; the multi-year chart uses this broader, consistent series for 2020–2023.

Allient reports in a single operating segment; the split by end markets (industrial, vehicles, medical, A&D) is a revenue disaggregation, not segment reporting. No single customer reached ten percent of revenue in 2025 or 2024 — a customer concentration risk expressly does not exist.

AI classification: neutral. The SEC filings reviewed contain no material AI exposure; the only mention of "artificial intelligence" is a generic cybersecurity boilerplate. The demand around data centers is an AI-adjacent end-market narrative, not a sale of own AI products.

Stock Watch

This analysis is as of August 4, 2026. Stock Watch will tell you what's changed at ALNT since then.

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Price history

Chart

Interactive price chart (TradingView).

52-week range: 42.10 $ to 114.30 $ · Last price: 99.10 $ (As of: September 17, 2026)

Key figures

Key figures at a glance

Every figure we hold for this stock, grouped by topic. The question mark next to a label explains what the number means.

Basics

Market Cap ?The value of the entire company on the market: share price times total shares outstanding. 1.7$B
Shares Outstanding ?Total number of shares issued. Price times share count gives market cap. 17m
Float ?Share of stock freely tradable on the market — not locked up in the hands of founders, insiders, or major shareholders. 85.5%
Beta ?Volatility versus the overall market: 1 = moves like the market, 2 = twice as much, under 1 = calmer than the market. 1.6

Performance

Perf. 1M ?Price performance over the last month. 33.80%
Perf. 3M ?Price performance over the last 3 months. 60.00%
Perf. 6M ?Price performance over the last 6 months. 77.10%
YTD Performance (%) ?Price performance since the start of the year (Year to Date). 78.90%
52-Week-High Distance ?How far the price sits below its highest point over the last 52 weeks. 0% means the stock is at its year high. -2.3%
Perf. 1Y ?Price performance over the last 12 months. 116.56%
Perf. 3Y ?Price performance over the last 3 years. 218.62%
Perf. 5Y ?Price performance over the last 5 years. 221.77%
Perf. 10Y ?Price performance over the last 10 years. 708.18%
Perf. Since Inception ?Price performance since the first available trading day (10/20/1980) — with a complete history, that is since the IPO. 16,190.27%

Technical Indicators

MA 38 Days ?Moving average of the last 38 trading days: the smoothed price path. A price above it signals short-term strength. 97.00$
MA 50 Days ?Moving average of the last 50 trading days — the most widely watched medium-term trend line. 95.00$
MA 200 Days ?Moving average of the last 200 trading days — the dividing line between a long-term uptrend and downtrend. 75.10$
RSI (14) ?Relative Strength Index over 14 days, scale 0 to 100: above 70 counts as overbought, below 30 as oversold. A hint on timing, not a verdict on the company. 54.7
Volatility 30 Days ?Price swings over the last 30 trading days, annualized. The higher the value, the more the price fluctuates. 76.5%
Volatility 250 Days ?Price swings over the last 250 trading days (roughly one market year), annualized. 59.0%

Calculated from the price history · as of 09/18/2026

Valuation

P/E ?Price-to-earnings ratio: how many years of profit does the stock cost? The lower, the cheaper the valuation. No earnings means no P/E. 75.8
Forward P/E ?P/E based on expected earnings for the next 12 months instead of past earnings — analysts' bet on the future. 29.4
PEG ?P/E divided by expected earnings growth: puts valuation in relation to growth. Around 1 is considered fair, well above that is pricey.
P/B ?Price-to-book ratio: market value relative to book equity. 6.0
P/S ?Price-to-sales ratio: market value divided by annual sales. Important for companies that aren't (yet) profitable. 2.9
EV/EBITDA ?Enterprise value including debt (EV) relative to operating profit before depreciation and amortization (EBITDA) — more comparable than P/E because debt counts too. Extreme values arise when EBITDA is near zero. 25.2
Price/FCF ?Market value divided by free cash flow: how many years of freely available cash does the stock cost? More honest than P/E because cash flow is harder to dress up. 61.1

Profitability

Gross Margin ?Gross margin: what's left of sales after only direct production costs are deducted — the product's pricing power. 33.3%
EBIT Margin ?EBIT margin: operating profit as a percentage of sales — the earning power of the core business before interest and taxes. 7.3%
Net Margin ?Net margin: what's left of sales as profit after ALL costs, interest, and taxes. 5.0%
Return on Equity ?Return on equity: how much profit does the company generate per year on shareholders' equity? 8.2%
Return on Assets ?Return on assets: how much profit the company generates from its total assets (equity and debt combined). 5.4%

Balance Sheet & Safety

Equity Ratio ?Equity ratio: equity as a share of total assets. The higher, the more resilient the balance sheet. 53.0%
Debt/Equity ?Leverage ratio: financial debt divided by equity. Under 1 is generally seen as solid; negative values mean negative equity. 0.6
Altman Z″ ?Edward Altman's bankruptcy early-warning score. We use the Z″ variant, built from four balance-sheet ratios — it is designed for service companies and non-manufacturers and uses book value instead of market value. On that scale: below 1.1 = danger zone, 2.6 and up = safe zone, in between a grey area. Because the classic Altman Z is calculated differently, the two numbers are not directly comparable. The formula does not fit banks, insurers, or real-estate stocks. fortress balance sheet 8.35
Piotroski ?Balance-sheet health check by Joseph Piotroski: 9 yes/no criteria on profit, cash flow, leverage, and efficiency. 7+ is very solid, under 3 is a red flag. 7 out of 9

Growth

Sales Growth Last Quarter ?Sales growth in the most recently reported quarter versus the same quarter a year ago (YoY). 0.00%
EPS Growth Last Quarter ?Growth in earnings per share in the most recently reported quarter versus the same quarter a year ago (YoY).
Sales Growth (Year) ?Sales growth in the last fiscal year versus the year before. 4.62%
Forward Sales Growth ?Sales growth analysts expect over the next 12 months — an estimate, not a guarantee. 6.97%
Forward EPS Growth ?Earnings-per-share growth analysts expect over the next 12 months — an estimate, not a guarantee. 22.60%

Dividend

Dividend Yield ?Annual dividend divided by the current price: what percentage of your investment comes back as a payout each year. 0.16%
Dividend Per Share (TTM) ?Sum of dividends paid per share over the last 12 months. 0.13$
Payout Ratio ?Share of profit paid out as dividends. Over 100% means the company is paying out more than it earns — not sustainable long-term. 5.7%
Years Without a Cut ?How many years in a row the dividend hasn't been cut — a measure of reliability. 14Years
Increase Streak ?How many years in a row the dividend has been raised — the gold standard for dividend payers. 0Years

Quality & Screener

Stage ?Weinstein phases 1 through 4: 1 = basing, 2 = uptrend (the only buy phase), 3 = topping, 4 = downtrend. Measured against the 30-week line. 2
RS Rating ?Relative strength from 1 to 99: an RS of 95 means the stock has outperformed 95% of all stocks. Top 10% 93
EPS Rating ?Earnings growth rating from 1 to 99 versus all stocks — high values mean above-average earnings growth. 50
Fundamental Rating ?Our own Fundamental Rating: 0 to 100 points with an A+ to F grade. 50 points is the average across the universe, 100 the best possible score. It scores growth, earnings surprises, analyst estimates, margins, cash flow, and balance-sheet safety — every stock percentile-ranked against all others. Grades: A+ from 95, A from 75, B from 55, C from 45, D from 25, E from 5, F below. B (61 out of 100)

Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.

Comparison

Industry comparison

The stock alongside the largest companies in the same group. The median row is the middle value of the companies shown above — not of the whole industry.

Industry: Electronic Components

Industry comparison
Company Market cap ($B) P/E EV/EBITDA Gross Margin % EBIT Margin % Sales Growth (Year) % Perf. 1Y %
Allient Inc. ALNT 1.7 75.8 25.2 33.3 7.3 4.6 116.6
Corning Incorporated GLW 127.2 68.9 35.8 36.4 15.7 19.1 93.9
Amphenol Corporation APH 96.5 22.3 23.8 39.0 27.3 51.7 33.1
TE Connectivity Ltd TEL 59.8 20.2 13.2 36.1 20.8 7.9 -3.5
Flex Ltd FLEX 41.0 41.3 20.9 9.5 5.7 8.1 93.1
Jabil Circuit Inc JBL 31.6 35.3 16.7 9.2 5.2 3.2 39.5
Fabrinet FN 14.4 30.6 20.6 12.0 9.9 18.6 6.3
TTM Technologies Inc TTMI 11.9 93.8 30.2 21.2 8.6 19.0 134.1
Vicor Corporation VICR 10.7 69.1 73.4 56.6 15.0 13.6 314.5
Median of companies shown 31.6 41.3 23.8 33.3 9.9 13.6 93.1

Based on the most recently reported figures. Only stocks from the same trading venue are lined up, so the market caps are counted in one currency. Compare in a chart →

Fiscal years

Annual Figures

Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.

Revenue, operating income and net income per fiscal year $M

Revenue Operating income Net income

2016 · Revenue: 246 $M 2016 · Operating income: 19 $M 2016 · Net income: 9 $M 2017 · Revenue: 252 $M 2017 · Operating income: 19 $M 2017 · Net income: 8 $M 2018 · Revenue: 311 $M 2018 · Operating income: 24 $M 2018 · Net income: 16 $M 2019 · Revenue: 371 $M 2019 · Operating income: 29 $M 2019 · Net income: 17 $M 2020 · Revenue: 367 $M 2020 · Operating income: 23 $M 2020 · Net income: 14 $M 2021 · Revenue: 404 $M 2021 · Operating income: 26 $M 2021 · Net income: 24 $M 2022 · Revenue: 503 $M 2022 · Operating income: 32 $M 2022 · Net income: 17 $M 2023 · Revenue: 579 $M 2023 · Operating income: 42 $M 2023 · Net income: 24 $M 2024 · Revenue: 530 $M 2024 · Operating income: 30 $M 2024 · Net income: 13 $M 2025 · Revenue: 554 $M 2025 · Operating income: 48 $M 2025 · Net income: 22 $M
2016201720182019202020212022202320242025
Annual Figures
Fiscal Year Revenue ($M) EBIT ($M) Net Income ($M) EPS ($) Operating Cash Flow ($M) Equity ($M) Total Assets ($M)
2016 246 19 9 0.66 14 72 180
2017 252 19 8 0.58 25 87 188
2018 311 24 16 1.13 17 102 285
2019 371 29 17 1.20 35 119 306
2020 367 23 14 0.95 25 143 349
2021 404 26 24 1.66 25 188 471
2022 503 32 17 1.09 6 215 588
2023 579 42 24 1.48 45 252 598
2024 530 30 13 0.79 42 265 576
2025 554 48 22 1.32 57 301 578

Quarters

Quarterly Figures

Each bar is one quarter, the last one is the most recent. Use the switch to step through the individual figures.

Revenue & Profit

Cash Flow

Balance Sheet

Margins

Per Share

Click the chart or tab into it, then use ← and → to step through the periods.

None of the selected stocks reports this metric. Pick another metric or switch between annual and quarterly.

These companies report in different currencies — switch on “Indexed” or pick a margin for a fair comparison.

The figures could not be loaded right now.

Sales Per Quarter ($M)
2024: Q4 · 122.0 $M Q4 2025: Q1 · 132.8 $M Q1 2025: Q2 · 139.6 $M Q2 2025: Q3 · 138.7 $M Q3 2025: Q4 · 143.4 $M Q4 2026: Q1 · 138.9 $M Q1 2026: Q2 · 153.8 $M Q2

Source: fundamental data

Quarterly Figures
Quarter EPS (Earnings Per Share) EPS YoY (%) Sales ($M) Sales YoY (%) Net Margin (%) OCF ($M) FCF ($M)
2024: Q4 0.18 -31.10 122 -13.50 2.50 12 10
2025: Q1 0.21 -48.90 133 -9.50 2.70 14 13
2025: Q2 0.34 384.60 140 2.60 4.00 25 22
2025: Q3 0.39 205.10 139 10.80 4.70 5 3
2025: Q4 0.38 109.30 143 17.50 4.50 14 12
2026: Q1 0.32 48.50 139 4.60 3.90 6 4
2026: Q2 0.61 79.40 154 10.20 6.80 14 9

What Do These Terms Mean?

EPS (Earnings Per Share):
Quarterly profit divided by the total share count — how much of the profit works out to a single share.
YoY (Year over Year):
Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
Sales:
All revenue for the quarter, before any costs are deducted — the top line of the income statement.
Net Margin:
What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
OCF (Operating Cash Flow):
The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
FCF (Free Cash Flow):
Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.

Compare with other stocks →

Screening

Appears in These Scanners

This stock currently matches 25 of our scanner strategies — each hit links to the scanner.

Best Hits

Growth

Quality & Balance Sheet

Breakout & Setup

Momentum & Trend

Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. View all scanners

Outlook

Analysts & Price Target

Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.

Consensus Sell 1 = Strong buy … 5 = Strong sell
Analyst Ratings 3
Price Target (average) 118.00$
Distance to price 19.1% The price target sits 19.1% above the current price.

Distribution of Recommendations

Strong Buy 1
Buy 1
Hold 1
Sell 0
Strong Sell 0

Estimates by Fiscal Year

Estimates by Fiscal Year
Fiscal Year EPS Estimate ($) EPS Range ($) Revenue Estimate ($M) Expected Growth Analysts
12/31/2026 2.74 2.68 – 2.84 602 26.1% 5
12/31/2027 3.32 3.11 – 3.47 654 21.2% 5

Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.

Valuation

What is priced in?

Instead of guessing what the stock is worth, we turn the question around: what free cash flow growth has to happen for today’s market value to add up? The assumptions behind it can be moved.

Today’s market value implies roughly 23.0% growth in free cash flow per year over ten years (assumptions: discount rate 10.0%, terminal growth 2.5%).

What is priced in?
Free cash flow (last twelve months) $27.5M
Market cap $1.69B
Free cash flow in year ten $218.4M
Terminal value as a share of market value 68.2%

For comparison: over the past five years free cash flow grew by 26.3% per year.

It shows which assumption is built into today’s price, not whether that assumption will hold. Every assumption can be changed with the sliders; the figures move with them.

A simplified model calculation — not a forecast and not a recommendation.

AI classification

AI Rating

Neutral

Erneut geprüft am 10.07.2026 gegen den Geschäftsbericht (10-K) 2025 (eingereicht 05.03.2026) und die vier jüngsten Quartalsberichte (10-Q): In den ausgewerteten SEC-Filings von Allient findet sich kein wesentlicher KI-Bezug. Die einzige Erwähnung von „artificial intelligence“ ist eine generische Cybersecurity-Floskel im Item 1C des 10-K 2025 („Numerous and evolving cybersecurity threats, including artificial intelligence technologies, pose potential risks to the security of our IT systems…“) — weder KI-Umsatzquelle noch operativer KI-Einsatz noch konkretes KI-Geschäftsrisiko fürs eigene Modell. Allient profitiert zwar als Zulieferer von Antriebs- und Power-Quality-Technik von der Nachfrage rund um Rechenzentren („power quality solutions supporting data center infrastructure“ trieb 2025 das Industrie-Segment), doch das ist ein KI-nahes Endmarkt-Narrativ, kein Verkauf eigener KI-Produkte — nach dem Kriterienkatalog bleibt es damit bei „neutral“ (Endmarkt-Exponierung allein begründet kein „verkauft“). Befund gegenüber der Vor-Einstufung bestätigt.

View the full file — quotes, sources, reviewed filings

Filings Reviewed: 10-Q 2026-05-06 · 10-Q 2025-11-05 · 10-Q 2025-08-06 · 10-Q 2025-05-07 · 10-K 2026-03-05 · 10-K 2025-03-05

Rated on July 10, 2026 · How the Rating Is Built

Earnings calls

What the Earnings Calls Reveal

We reviewed ten earnings call transcripts of Allient (ALNT) covering fiscal quarters 2023-Q4 through 2026-Q1 in chronological order. The big picture holds up: management called the 2024 downturn precisely, the recovery arrived by mid-2025 as promised, and the 2024 savings program was delivered. What stands out, however, are several concrete, datable commitments that slipped or were quietly softened: the annual margin target for 2024, the time and cost frame of the Dothan transition, the inventory-turns goal of 3.5, and the 2025 savings target. Added to that are a lost powersports customer admitted only late and a data center growth engine that is never quantified despite repeated analyst questions.

Red flags Promises repeatedly missed 10 calls reviewed, 2023-Q4 through 2026-Q1 · As of August 2, 2026

Core guidance in the downturn honest and delivered

The central forecast of the series came on the 2024-Q2 call: a drop to an annualized run rate below 500 million USD and a return to stronger revenues by mid-2025. Both materialized: quarterly revenue of 125 million USD in 2024-Q3 and 122 million in 2024-Q4, with growth resuming in 2025-Q2 (up 3 percent, and up 17 percent year over year in 2025-Q4). The 2024-Q2 framing of a mid-teens adjusted EBITDA margin business was nearly fulfilled with 14.4 and 14.6 percent in 2025-Q2 and 2025-Q3, and the 10 million USD of savings for 2024 was confirmed as delivered on the 2024-Q4 call. Gross margin rose from the 29.9 percent low in 2024-Q2 to record levels above 33 percent, and leverage fell from about 3.0 at year-end 2024 to 1.78 in 2026-Q1. On the big points, management kept its word.

Dothan transition: timeline and cost frame missed

On the 2024-Q4 call management announced the transfer of Dothan assembly operations: one-time costs of 4 to 5 million USD, substantially incurred in 2025, full payback within a year, and initial benefits by late 2025. In 2025-Q3 the transfer was still said to be fully complete by year-end 2025. On the 2026-Q1 call, however, the transition was still ongoing: an additional 2 to 3 million USD of realignment costs was budgeted for 2026, stabilization was pushed to the end of the third quarter of 2026, and the cost benefits to the second half of 2026. The CEO himself conceded the challenges could have been identified better upfront. Both the time and the cost frame of the original commitment were missed.

Quietly dropped targets: 2024 margin and 3.5 inventory turns

In 2023-Q4 management explicitly reaffirmed its target of 100 basis points of annual operating margin improvement; instead, the 2024 operating margin fell from 7.3 to roughly 5.7 percent, bottoming at 3.6 percent in 2024-Q2. In parallel, the finance team named an inventory-turns goal of about 3.5 by year-end 2024, early 2025 at the latest, on the 2024-Q1 call; actual turns stood at 2.7 at year-end 2024, 3.1 in 2025-Q1 and only 3.2 at year-end 2025. Neither target was ever formally withdrawn, yet neither reappeared on later calls; from 2024-Q3 through 2025-Q1 the communication shifted to consistently positive sequential comparisons instead. In 2025 the margin promise was delivered late with a 7.9 percent operating margin and a record gross margin of 32.8 percent, while the turns goal remained unmet.

Lost powersports customer admitted only late

The declines in the vehicle segment (minus 38 percent in 2024-Q3, minus 46 percent in 2024-Q4, minus 34 percent in 2025-Q1) were consistently explained as market softness plus a deliberate focus on margin-enhancing applications. Only in 2025-Q3 did the CEO admit that the most important powersports customer had moved to a second source and that Allient had been losing a portion of that business for over a year. In 2024-Q4 there was merely the indirect hint that the customer no longer met the reporting threshold. The disclosure was honest but came about a year late and initially dressed a share loss up as strategy.

Data center revenue never quantified despite repeated asks

The power quality business for data centers has been the central growth story of the calls since 2024-Q3. Yet management consistently declines to quantify it: in 2024-Q3 the direct analyst question about revenue was answered only vaguely with millions in the high single digits or low double digits, in 2024-Q4 a growth rate of about 40 percent was given once, and in 2025-Q2 and 2025-Q3 answers again stayed qualitative. As competitive protection this is understandable and internally consistent. But leaving the most important growth driver unquantified across several quarters makes the story hard to verify.

Metrics changed: bookings logic and capex ranges

In 2026-Q1 management changed how bookings are recorded: instead of entire multi-year programs, only firmly scheduled production plans of roughly 3 to 6 months are now booked. This was disclosed openly and framed as more conservative, but it makes the record book-to-bill of 1.14 hard to compare with prior quarters. The capex guidance also shows a pattern: the 2024 range was cut from 16 to 20 million USD (2023-Q4) via 13 to 17 and 11 to 15 down to 8 to 11 million USD, with the prior range misquoted on the 2024-Q3 call; for 2025 the ratcheting down repeated from 10 to 12 down to 6.5 to 8.5 million USD. Capital discipline yes, capex forecasting quality rather weak.

Management promises

  • 2023-Q4 — 100 basis points of annual operating margin improvement, split between gross margin and operating expenses; explicitly reaffirmed as a standing target on the call. In 2024 the operating margin fell from 7.3 to roughly 5.7 percent; the annual target was clearly missed and never formally withdrawn. In 2025 management delivered late with a 7.9 percent operating margin and a record gross margin. broken
  • 2024-Q1 — Inventory turns of about 3.5 by the end of 2024, at the latest early 2025. Turns stood at 2.7 at year-end 2024, 3.1 in 2025-Q1 and 3.2 at year-end 2025. The goal was never reached and never mentioned again on any later call. broken
  • 2024-Q2 — 10 million USD of annualized cost savings by the end of 2024 (5 million executed, another 5 million in the second half). Confirmed as delivered on the 2024-Q4 call: 10 million USD of annualized savings were realized in 2024; the sequential margin recovery from 2024-Q3 supports this. kept
  • 2024-Q2 — Annualized revenue run rate to fall below 500 million USD for a few quarters, with a return to stronger revenue around mid-2025. Materialized precisely: quarterly revenue of 125 million USD in 2024-Q3 and 122 million in 2024-Q4; growth returned from 2025-Q2 (up 3 percent, up 17 percent year over year in 2025-Q4). One of the most accurate calls of the series. kept
  • 2024-Q4 — Dothan transition: one-time costs of 4 to 5 million USD substantially in 2025, payback within a year, initial benefits by late 2025; per 2025-Q3 transfer fully complete by the end of 2025. In 2026-Q1 the transition was still ongoing, with an additional 2 to 3 million USD of costs for 2026, stabilization only by the end of Q3 2026 and benefits in the second half of 2026; the CEO openly conceded planning shortfalls. broken
  • 2024-Q4 — Additional 6 to 7 million USD of annualized savings in 2025. Still called on track in 2025-Q2 and 2025-Q3, then on the 2025-Q4 call only meaningful progress, not complete; the remainder shifts into 2026 with no achieved figure disclosed. broken
  • 2025-Q1 — Tariff impact of at most about 3 million USD for the remainder of 2025 before mitigation; no material earnings effect, costs largely passed through. In 2025-Q3 only an unrecovered net effect of about 385,000 USD in the quarter was reported, mainly in the power quality business; the impact stayed within the promised frame. kept
  • 2025-Q4 — Expansion of the main facility for data center products fully operational in late second to early third quarter 2026. No completion confirmed on the 2026-Q1 call; the date is still in the future and remains to be watched. open

Based on public earnings call transcripts. Reviewed: 10 transcripts 2023-Q4 through 2026-Q1.

Growth

Growth Score

Ten checks against the annual reports — each one passed counts a point.

6 of 10 Solid growth
  • Revenue grows by more than 15% a year over three years 3.3%
  • More than 10% revenue growth is expected for the coming year 7.0%
  • Share count grows by less than 3% a year 1.6%
  • Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") 13.6%
  • Gross margin at 40% or higher and without meaningful erosion 30.5%
  • Goodwill from acquisitions does not grow faster than revenue 23.3%
  • Net debt below twice EBITDA 2.0 x EBITDA
  • Operating cash flow covers the profits of the last three years 84 m
  • Return on capital at 15% or higher, or up versus two years ago 9.5%
  • Insiders hold at least 10% or are net buyers 14.8%

A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail

Quality check

AAQS

9/10 Quality stock

The AAQS (AlleAktien Quality Score) checks 10 quality criteria on growth, profitability, and balance-sheet strength — per the methodology developed and published by AlleAktien, calculated by us from our own fundamental data. A stock counts as a quality stock from 9 out of 10 points. Where a company has a shorter listing history, we calculate over the fiscal years available (at least five).

  • Sales growth 10Y > 5% 9.5%
  • Exp. sales growth 3Y > 5% 8.6%
  • EBIT growth 10Y > 5% 10.7%
  • Exp. EBIT growth 3Y > 5% 58.7%
  • Net debt < 4x EBIT 3.4x
  • EBIT positive, 10Y straight 10
  • Max. EBIT decline < 50% 29.0%
  • Return on equity > 15% 28.0%
  • ROCE > 15% 9.4%
  • Expected return > 10% 63.4%

View stocks with the full AAQS score · Read the methodology at AlleAktien

Source: fundamental data

Insiders

Insider Transactions

Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character.

Insider Transactions
Date Person Role Type Shares Price Value
Aug 10, 2026 Warzala Richard S Chief Executive Officer Other 10,000
Aug 10, 2026 Warzala Richard S Chief Executive Officer Sell 852 115.35 98,278
Aug 10, 2026 Warzala Richard S Chief Executive Officer Sell 33,944 113.96 3,868,228
Aug 10, 2026 Warzala Richard S Chief Executive Officer Sell 18,176 113.52 2,063,280
Aug 10, 2026 Warzala Richard S Chief Executive Officer Sell 17,028 112.81 1,921,004
Aug 5, 2026 Winter Michael R Director Other 291 93.25 27,136
Aug 5, 2026 Tzetzo Nicole R Director Other 291 93.25 27,136
Aug 5, 2026 Finch Steven C. Director Other 291 93.25 27,136
Aug 5, 2026 Federico Richard D Director Other 331 93.25 30,866
Aug 5, 2026 Engel Robert B Director Other 291 93.25 27,136

View all insider transactions →

The company

About the Company

Allient Inc. entwirft, fertigt und verkauft zusammen mit seinen Tochtergesellschaften Präzisions- und Spezialkomponenten und -systeme für die Bewegungssteuerung für verschiedene Branchen in den USA, Kanada, Südamerika, Europa und im asiatisch-pazifischen Raum.

Employees
2,478
Headquarters
Amherst, NY
Address
495 Commerce Drive, 14228 Amherst, United States
Phone
716 242 8634
IPO Date
02/25/1992
ISIN
US0193301092
Stock Split
3:2 on 05/03/2021
Stock Split
3:2 on 04/12/1985
Stock Split
2:1 on 11/01/1982

Management

Management
Name Title Birth Year
Richard S. Warzala Chairman, CEO & President 1953
James A. Michaud Senior VP & CFO 1965
Helmut D. Pirthauer VP & Group President of Allied Dynamos Group 1971
Ashish A. Bendre VP & Group President of Allied Orion Group 1970
Stephen R. Warzala President of Allient Defense, Chief Growth Officer & Corporate VP 1983
Kenneth A. May VP & CTO 1965
Alex Collichio VP, General Counsel & Chief Administrative Officer
Robert Mastromattei Chief Commercial Officer & Group President
Jackson Trostle Corporate Controller
Nicholas Hoffman Secretary

Executives per the latest required filings; titles kept in their original language. Source: fundamental data.

Data as of: September 17, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)

Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

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