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Employees: 3,842
Size Daqo New Energy Corp Sponsored ADR (DQ) is a United States Materials company (Chemicals: Specialty) with a market value of $856M, the 2350th largest of 3,117 United States companies the cockpit tracks. Shares closed at $12.65 on 6 Nov 2026.
Performance Over six months the shares fell 32.1%, against -17.5% for the median peer and -1.1% for the United States market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue fell 20.7% over the last twelve months (peer median +6.3%); the operating margin is -70.3% (peer median 8.5%).
Valuation It trades at 1.0× enterprise value to sales against a peer median of 2.5× (3rd cheapest of 21).
Capital Return on invested capital runs 12.5 points below its cost of capital (7.4% WACC).
Backlog Backlog (remaining performance obligations) was $62.0M at 31 Dec 2025, up 6% on a year earlier — 0.1 years of trailing revenue. Backlog detail →
Short interest Short interest is 7.4% of the free float (15 Oct 2026).
Next results Next results expected around 4 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $507M | $667M | $1.03B | $2.31B | $4.60B |
| Revenue growth | — | -35% | -55% | -50% | — |
| Gross profit | -$268M | -$138M | -$213M | $920M | $3.40B |
| EBITDA | -$96.7M | -$40.6M | -$172M | $845M | $3.15B |
| Net income | -$230M | -$171M | -$345M | $429M | $1.82B |
| Free cash flow | -$254M | -$223M | -$795M | $505M | $1.26B |
| Capital expenditure | $154M | $173M | $369M | $1.19B | $1.25B |
| Total debt | $0 | $103M | $6.82M | $0 | $20.7M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | DQ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +18.0% | -15.3% | 2nd highest of 21 |
| 6-month return | -32.1% | -17.5% | 4th lowest of 21 |
| Distance from 52-week high | -65.4% | -43.2% | lowest of 21 |
| Revenue growth (TTM) | -20.7% | +6.3% | 3rd lowest of 21 |
| Operating margin | -70.3% | 8.5% | lowest of 21 |
| EV / Sales | 1.0× | 2.5× | 3rd cheapest of 21 |
| ROIC minus cost of capital | -12.5 pp | -3.9 pp | 2nd lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Daqo New Energy Corp Sponsored ADR DQ | United States | $856M | -32% | -21% | -70% | 1.0× | n/a | n/a |
| Shandong Head 002810.SZ | China | $855M | -38% | +16% | 21% | 2.7× | -1.6% | +7.9% |
| Kronos Worldwide KRO | United States | $859M | +46% | +3% | -1% | 0.7× | 17.6% | +2.6% |
| Hanking Gold International 3788.HK | Hong Kong | $862M | -26% | -19% | 8% | 2.4× | n/a | n/a |
| Kingfa Science & Technology (India) KINGFA.NS | India | $849M | +20% | +24% | 14% | 3.6× | n/a | n/a |
| Alkyl Amines Chemicals ALKYLAMINE.NS | India | $849M | -9% | +13% | 17% | 4.4× | 36.2% | +4.3% |
| Sinosteel New Materials 002057.SZ | China | $849M | -22% | +13% | 9% | 1.7× | 12.4% | +13.5% |
| Zhejiang Wansheng 603010.SS | China | $872M | -25% | +19% | -26% | 1.9× | n/a | n/a |
| Fujian Yuanli Active Carbon 300174.SZ | China | $840M | -14% | +7% | 9% | 2.9× | 17.3% | +10.1% |
| China Petrochemical Development 1314.TW | Taiwan | $833M | -1% | -35% | -18% | 3.9× | n/a | n/a |
| HuBei NengTer Technology 002102.SZ | China | $832M | -12% | -59% | -3% | 1.7× | n/a | n/a |
| Shanxi Lu'an Chemical Technology 600691.SS | China | $827M | -31% | -14% | -8% | 1.4× | 27.2% | -11.2% |
| Zhejiang Zhengguang Industrial 301092.SZ | China | $823M | -1% | -5% | 13% | 8.1× | n/a | n/a |
| TETRA Technologies TTI | United States | $891M | -39% | +6% | 7% | 1.5× | n/a | n/a |
| Neo Performance Materials NEO.TO | Canada | $821M | -13% | +24% | 14% | 1.5× | n/a | n/a |
| Sudarshan Chemical Industries SUDARSCHEM.NS | India | $893M | +10% | +90% | 4% | 0.8× | 27.0% | +39.5% |
| Boai NKY Medical 300109.SZ | China | $896M | -32% | -17% | 15% | 5.0× | 19.9% | +3.9% |
| Zhejiang Xinhua Chemical 603867.SS | China | $817M | -27% | +7% | 10% | 1.8× | 12.8% | +4.9% |
| Jiangsu Aisen Semiconductor Material 688720.SS | China | $817M | -21% | +29% | 5% | 7.7× | n/a | n/a |
| Henan Jindan Lactic Acid Technology 300829.SZ | China | $900M | +52% | +5% | 3% | 3.8× | n/a | n/a |
| Longkou Union Chemical 301209.SZ | China | $904M | -39% | -3% | 9% | 11.4× | 36.9% | +1.6% |
Daqo New Energy Corp Sponsored ADR reported $62.0M of remaining performance obligations at 31 Dec 2025, up 6% from a year earlier. That is 0.1 years of trailing revenue already under contract.