Allient Inc. (ALNT)
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symbol.quality_heading
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.
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.
symbol.quality_note
In twelve months, motion-technology specialist Allient has nearly tripled and fires in 23 of our scanners — from the all-time high to institutional accumulation. This time the strength is real: the operating margin climbed from 5.7 to 7.9 percent, order intake grew 15 percent, net income 70 percent. We read the annual and quarterly reports — and also did the math that tends to drown in the cheering: $134 million of goodwill from the acquisitions, $140 million of net debt, cyclical end markets — and a price-to-earnings ratio around 62 that makes even the analysts frown. Whoever buys a winner pays for good news that has already happened.
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Stock Watch
This analysis is as of July 18, 2026. Stock Watch will tell you what's changed at ALNT since then.
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Appears in These Scanners
This stock currently matches 25 of our scanner strategies — each hit links to the scanner.
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Trading Day
Key levels of the most recently completed trading day — not a live quote.
52-Week Range
Current price 87.50 $ — 76% of the range above the low.
Lowest and highest closing price over the last 52 weeks. The marker shows where the current price sits within that range: close to the high speaks for strength, close to the low for weakness.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 08/03/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
Quality & Screener
AI Rating
NeutralErneut 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
What the Earnings Calls Reveal
Red flags Promises repeatedly missedWe 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.
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
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2023-Q4 broken
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.
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2024-Q1 broken
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.
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2024-Q2 kept
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.
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2024-Q2 kept
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.
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2024-Q4 broken
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.
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2024-Q4 broken
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.
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2025-Q1 kept
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.
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2025-Q4 open
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.
Based on public earnings call transcripts. Reviewed: 10 transcripts 2023-Q4 through 2026-Q1.
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.
Analysts & Price Target
The price target sits 15.7% below the current price.
- Consensus
- Strong Buy
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.
Next Reporting Date
- Expected Earnings per Share
- 0.62 $
Expected date of the next quarterly or annual figures. Dates do shift occasionally — only the invitation issued by the company is binding.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
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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 |
- 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.
Assessment: Opportunities & Risks
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 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.
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.
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.
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.
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.
- 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.
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 |
| Website | allient.com |
| IPO Date | 25. Feb 1992 |
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.
Chart
Interactive price chart (TradingView).
Data as of: July 31, 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.