$12.04

+0.35 (+2.99%)

Weekly Expected Move ±11.5%

$9 $11 $12 $13 $15

NYSE · Energy · Oil & Gas Equipment & Services · Tech Score Sell · Power 35 · $1.5B mcap · 80M float · 4.08% daily turnover · Short 58% of daily vol

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

NO EDGE

27.7 / 100

NoneWeakNarrowWide

Primary source: Switching Costs · ROIC: -3.9%

Cost Advantage

Intangibles

Switching Cost

Network Effect

Scale

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. AESI has No discernible competitive edge (27.7/100). The business operates without significant structural advantages. The primary source of advantage is Switching Costs. Negative ROIC of -3.9% indicates the company is currently destroying value, though this may reflect a growth investment phase.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

$10

Low

$16

Avg Target

$25

High

Based on 6 analysts since Aug 3, 2026 earnings

Analyst Recommendations

Strong Buy: 0Buy: 6Hold: 4Sell: 1Strong Sell: 0

Rating Summary

ConsensusBuy

Avg Target$15.29

Analysts7

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-09-29	Scotiabank	—	Initiated	$14	—	+13.8%	$12.30
2026-08-27	Piper Sandler	—	$19	$15	-4	+24.3%	$12.07
2026-08-07	Goldman Sachs	—	$14	$12	-2	+8.4%	$11.07
2026-08-07	Barclays	Eddie Kim	$14	$10	-4	-9.7%	$11.07
2026-08-06	Stifel Nicolaus	Stephen Gengaro	$28	$25	-3	+136.4%	$10.57
2026-08-05	RBC Capital	Keith Mackey	$20	$17	-3	+55.5%	$10.93
2026-07-16	Barclays	Eddie Kim	$11	$14	+3	-2.2%	$14.31
2026-06-03	Goldman Sachs	—	$8	$14	+6	-21.8%	$17.91
2026-06-02	Raymond James	James Rollyson	Initiated	$25	—	+46.1%	$17.11
2026-05-18	Piper Sandler	—	$13	$19	+6	+0.7%	$18.87
2026-05-06	RBC Capital	—	$12	$20	+8	+9.6%	$18.25
2026-05-01	Stifel Nicolaus	—	$14	$28	+14	+61.1%	$17.38
2026-04-15	Piper Sandler	—	$10	$13	+3	+8.4%	$11.99
2026-02-25	Stifel Nicolaus	Stephen Gengaro	$13	$14	+1	+40.4%	$9.97
2026-02-24	Stifel Nicolaus	Stephen Gengaro	Initiated	$13	—	+27.8%	$10.17
2026-01-27	Stephens	—	$23	$16	-7	+39.1%	$11.50
2026-01-15	RBC Capital	—	$13	$12	-1	+8.7%	$11.04
2025-11-20	Goldman Sachs	Ati Modak	Initiated	$8	—	-6.7%	$8.57
2025-11-17	Piper Sandler	—	$12	$10	-2	+11.9%	$8.94
2025-10-30	Loop Capital Markets	James McIlree	Initiated	$22	—	+82.0%	$12.09
2025-10-16	Piper Sandler	Derek Podhaizer	$14	$12	-2	+12.5%	$10.67
2025-10-13	Barclays	—	Initiated	$11	—	+4.3%	$10.55
2025-10-09	RBC Capital	—	$25	$13	-12	+12.1%	$11.60
2025-08-14	Piper Sandler	Derek Podhaizer	$22	$14	-8	+23.1%	$11.38
2025-03-12	Piper Sandler	Derek Podhaizer	$25	$22	-3	+22.4%	$17.97
2024-10-14	Citigroup	Scott Gruber	Initiated	$23	—	+12.9%	$20.38
2024-10-14	Bank of America Securities	Saurabh Pant	Initiated	$22	—	+10.0%	$20.45
2024-10-11	RBC Capital	Keith Mackey	Initiated	$25	—	+21.5%	$20.58
2024-05-20	Piper Sandler	Luke Lemoine	Initiated	$25	—	+6.2%	$23.53
2023-11-07	Stephens	Mike Scialla	Initiated	$23	—	+21.3%	$18.96

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

C-

Oct 02, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. AESI receives an overall rating of C-. Areas of concern: DCF (1/5), ROE (1/5), ROA (1/5), D/E (1/5), P/E (1/5).

Rating Change History

Date	From	To
2026-08-10	D+	C-
2026-08-05	C	D+
2026-08-04	C-	C
2026-05-08	C	C-
2026-04-27	C-	C
2026-02-26	C+	C-
2026-02-24	C	C+
2026-02-23	C-	C
2026-01-07	C	C-

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 12 Grade D

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. AESI scores highest in Earnings Quality (48/100) and lowest in Profitability (2/100). A grade of D flags significant fundamental concerns across multiple dimensions.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

1.19

Distress Zone

Piotroski F-Score

3/9

✗ ✓ ✗ ✓ ✗ ✓ ✗ ✗ ✗

Beneish M-Score

-1.46

Possible Manipulator

Ohlson O-Score

-6.25

Bankruptcy prob: 0.2%

Low Risk

Credit Rating

B-

Score: 20.9/100

Trend: Deteriorating

Earnings Quality

—

OCF/NI: -0.46x

Accruals: -7.2%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. AESI scores 1.19, placing it in the Distress Zone (safe > 2.99, distress < 1.81). Historically, companies in this range face elevated bankruptcy risk. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. AESI scores 3/9, suggesting weak financial fundamentals — the company fails the majority of these accounting tests. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. AESI's score of -1.46 exceeds the −1.78 red flag threshold — this does not confirm manipulation but indicates the earnings profile resembles past manipulators statistically. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. AESI's implied 0.2% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. AESI receives an estimated rating of B- (score: 20.9/100), with a deteriorating trend.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

-12.67x

PEG

0.13x

P/S

1.41x

P/B

1.35x

P/FCF

-11.27x

P/OCF

38.01x

EV/EBITDA

25.90x

EV/Revenue

2.69x

EV/EBIT

-30.37x

EV/FCF

-15.61x

Earnings Yield

-5.70%

FCF Yield

-8.87%

Shareholder Yield

1.55%

Graham Number

—

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. AESI currently has negative earnings — the P/E ratio is not meaningful.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.750

NI / EBT

Interest Burden

1.667

EBT / EBIT

EBIT Margin

-0.089

EBIT / Rev

Asset Turnover

0.445

Rev / Assets

Equity Multiplier

2.014

Assets / Equity

ROE

-9.9%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. AESI's ROE of -9.9% is driven by Asset Turnover (0.445), indicating efficient use of assets to generate revenue.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

0.00%

Fair P/E

8.50x

Intrinsic Value

—

Price/Value

—

Margin of Safety

—

Premium

—

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 896 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$12.04

Median 1Y

$10.00

5th Pctile

$4.23

95th Pctile

$23.55

Ann. Volatility

50.4%

Analyst Target

$15.29

25th–75th percentile 5th–95th percentile Median path Historical Analyst target

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

Executive	Salary	Stock	Total
John Turner Chief Executive Officer and President	$906,154	$4,072,930	$5,508,018
Ben M. “Bud” Brigham Executive Chairman	$253,077	$4,197,688	$4,450,765
Chris Scholla Sand er Executive Vice President and President of Sand and Logistics	$409,615	$1,730,995	$4,241,333
Blake McCarthy Financial ancial Officer	$494,231	$1,730,995	$2,483,864
Dathan C. Voelter General Counsel, Secretary and Chief Compliance Officer	$438,403	$1,145,503	$1,905,244

CEO Pay Ratio

60:1

CEO-to-Employee Pay Ratio

CEO Total Comp: $5,508,018

Avg Employee Cost (SGA/emp): $91,879

Employees: 1,511

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

1,511

+32.2% YoY

Revenue / Employee

$724,891

Rev: $1,095,310,000

Profit / Employee

$-33,292

NI: $-50,304,000

SGA / Employee

$91,879

Avg labor cost proxy

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
ROE	99.7%	1.2%	-1.6%	18.4%	23.2%	18.8%	16.8%	6.3%	2.9%	1.2%	-1.2%	-4.5%	-8.0%	-9.9%	-9.93%
ROA	5.1%	7.9%	10.0%	12.7%	8.6%	6.7%	5.1%	3.7%	1.6%	0.7%	-0.6%	-2.4%	-4.3%	-4.9%	-4.93%
ROIC	-52.7%	-1.0%	-1.2%	27.9%	14.6%	10.2%	7.1%	6.0%	3.9%	2.8%	1.6%	-0.7%	-2.9%	-3.9%	-3.86%
ROCE	7.4%	14.3%	19.0%	22.7%	13.2%	10.5%	7.7%	6.6%	4.4%	3.4%	1.8%	-0.5%	-2.9%	-4.1%	-4.13%
Gross Margin	53.7%	54.9%	50.5%	44.6%	35.7%	21.0%	17.4%	18.4%	18.3%	18.1%	6.3%	4.9%	-0.6%	5.9%	5.92%
Operating Margin	48.1%	47.4%	41.4%	34.9%	20.6%	9.8%	5.0%	11.3%	5.2%	2.5%	-6.9%	-8.0%	-13.4%	-6.8%	-6.82%
Net Margin	36.7%	23.8%	18.7%	25.3%	13.9%	5.2%	1.3%	5.3%	0.4%	-1.9%	-9.1%	-8.9%	-17.8%	-8.6%	-8.56%
EBITDA Margin	54.0%	53.5%	48.3%	43.6%	30.5%	20.2%	15.2%	24.3%	19.7%	19.3%	11.3%	14.1%	8.0%	8.6%	8.61%
FCF Margin	-4.4%	3.6%	-6.8%	-10.8%	-17.7%	-24.2%	-15.8%	-11.1%	-10.5%	-1.6%	-1.6%	-2.8%	1.8%	-17.2%	-17.24%
OCF Margin	35.4%	50.2%	45.2%	48.7%	43.5%	31.0%	29.3%	24.3%	18.0%	20.4%	16.5%	10.7%	13.5%	5.1%	5.11%
ROE 3Y Avg	snapshot only														0.18%
ROA 3Y Avg	snapshot only														0.46%
ROIC 3Y Avg	snapshot only														0.45%
ROIC Economic	snapshot only														-3.59%
Cash ROA	snapshot only														2.14%
Cash ROIC	snapshot only														2.86%
CROIC	snapshot only														-9.63%
NOPAT Margin	snapshot only														-6.91%
Pretax Margin	snapshot only														-14.77%
R&D / Revenue	snapshot only														0.00%
SGA / Revenue	snapshot only														13.07%
SBC / Revenue	snapshot only														3.33%

Valuation

Metric	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
P/E Ratio	26.68	16.30	16.08	9.78	17.50	19.39	27.97	39.09	59.71	115.77	-103.01	-23.22	-16.55	-17.54	-12.674
P/S Ratio	9.79	4.90	4.22	2.55	3.50	2.66	2.46	2.22	1.77	1.39	1.26	1.07	1.54	1.94	1.408
P/B Ratio	26.60	20.15	-26.29	1.80	2.14	1.95	2.17	2.26	1.58	1.27	1.15	0.97	1.40	1.86	1.352
P/FCF	-224.01	136.93	-62.09	-23.54	-19.74	-10.98	-15.55	-19.94	-16.90	-89.28	-76.45	-37.78	87.74	-11.27	-11.271
P/OCF	27.69	9.77	9.35	5.23	8.03	8.58	8.39	9.14	9.80	6.82	7.63	9.96	11.37	38.01	38.010
EV/EBITDA	15.94	7.87	7.76	4.99	9.11	9.70	11.98	12.24	11.10	9.24	9.30	9.54	16.17	25.90	25.903
EV/Revenue	8.61	4.23	4.03	2.50	3.95	3.17	2.91	2.65	2.19	1.80	1.74	1.56	2.15	2.69	2.691
EV/EBIT	17.84	8.85	8.81	5.77	11.15	13.50	20.25	24.48	28.12	30.10	54.98	-167.59	-39.61	-30.37	-30.373
EV/FCF	-196.96	118.26	-59.23	-23.06	-22.29	-13.09	-18.40	-23.84	-20.91	-115.41	-105.92	-55.18	122.77	-15.61	-15.608
Earnings Yield	3.7%	6.1%	6.2%	10.2%	5.7%	5.2%	3.6%	2.6%	1.7%	0.9%	-1.0%	-4.3%	-6.0%	-5.7%	-5.70%
FCF Yield	-0.4%	0.7%	-1.6%	-4.2%	-5.1%	-9.1%	-6.4%	-5.0%	-5.9%	-1.1%	-1.3%	-2.6%	1.1%	-8.9%	-8.87%
PEG Ratio	snapshot only														0.131
Price/Tangible Book	snapshot only														2.625
EV/OCF	snapshot only														52.635
EV/Gross Profit	snapshot only														64.729
Shareholder Yield	snapshot only														1.55%

Leverage & Solvency

Metric	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Current Ratio	4.52	3.22	3.99	3.44	2.24	1.53	1.23	1.19	1.62	1.56	1.35	1.46	1.17	1.82	1.824
Quick Ratio	4.36	3.10	3.81	3.21	2.05	1.35	1.08	1.02	1.40	1.23	1.09	1.05	0.94	1.58	1.579
Debt/Equity	3.03	1.71	-2.27	0.21	0.45	0.47	0.47	0.51	0.43	0.43	0.48	0.48	0.59	0.87	0.869
Net Debt/Equity	-3.21	-2.75	—	-0.04	0.28	0.37	0.40	0.44	0.37	0.37	0.44	0.45	0.56	0.72	0.717
Debt/Assets	0.16	0.11	0.14	0.14	0.25	0.25	0.25	0.27	0.24	0.25	0.26	0.26	0.30	0.38	0.378
Debt/EBITDA	2.07	0.77	0.70	0.58	1.70	1.97	2.21	2.32	2.43	2.44	2.78	3.24	4.90	8.71	8.714
Net Debt/EBITDA	-2.19	-1.24	-0.37	-0.10	1.04	1.56	1.86	2.00	2.13	2.09	2.59	3.01	4.61	7.20	7.197
Interest Coverage	21.51	38.05	39.62	34.54	25.07	9.54	4.60	2.96	1.97	1.39	0.66	-0.18	-0.94	-1.50	-1.498
Equity Multiplier	19.55	15.63	-16.31	1.45	1.82	1.87	1.89	1.90	1.76	1.77	1.83	1.84	1.97	2.30	2.296
Cash Ratio	snapshot only														0.640
Debt Service Coverage	snapshot only														1.757
Cash to Debt	snapshot only														0.174
FCF to Debt	snapshot only														-0.190
Defensive Interval	snapshot only														1021.5 days

Efficiency & Turnover

Metric	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Asset Turnover	0.14	0.26	0.38	0.49	0.43	0.49	0.58	0.65	0.55	0.55	0.53	0.52	0.46	0.44	0.445
Inventory Turnover	4.44	8.57	11.76	13.73	13.87	17.40	23.98	26.41	21.91	17.14	19.94	15.16	16.78	15.27	15.266
Receivables Turnover	1.61	3.67	4.62	8.63	4.65	5.50	6.56	8.91	5.39	6.07	6.13	6.32	4.69	5.29	5.293
Payables Turnover	2.06	3.02	3.86	4.93	5.17	6.70	7.47	9.16	8.67	9.80	8.68	10.20	9.09	11.71	11.705
DSO	226	100	79	42	78	66	56	41	68	60	60	58	78	69	69.0 days
DIO	82	43	31	27	26	21	15	14	17	21	18	24	22	24	23.9 days
DPO	177	121	95	74	71	54	49	40	42	37	42	36	40	31	31.2 days
Cash Conversion Cycle	131	21	15	-5	34	33	22	15	42	44	36	46	59	62	61.7 days
Fixed Asset Turnover	snapshot only														0.657
Operating Cycle	snapshot only														92.9 days
Cash Velocity	snapshot only														6.348
Capital Intensity	snapshot only														2.393

Growth (YoY)

Metric	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue	—	—	—	—	3.3%	1.5%	95.8%	72.0%	77.7%	49.2%	20.7%	3.7%	-8.4%	-8.1%	-8.11%
Net Income	—	—	—	—	1.3%	12.6%	-34.6%	-62.5%	-73.7%	-86.9%	-1.2%	-1.8%	-3.9%	-9.5%	-9.46%
EPS	—	—	—	—	1.1%	0.6%	-41.1%	-66.3%	-75.8%	-88.1%	-1.2%	-1.8%	-3.8%	-9.4%	-9.38%
FCF	—	—	—	—	-16.3%	-17.7%	-3.5%	-76.8%	-5.0%	90.4%	87.4%	73.7%	1.2%	-9.2%	-9.16%
EBITDA	—	—	—	—	2.4%	50.2%	-8.6%	-25.5%	-19.2%	-11.0%	-6.6%	-21.9%	-38.2%	-51.0%	-51.03%
Op. Income	—	—	—	—	2.1%	21.3%	-38.6%	-57.0%	-61.2%	-62.5%	-73.3%	-1.1%	-1.7%	-2.4%	-2.36%
OCF Growth	snapshot only														-76.99%
Asset Growth	snapshot only														13.68%
Equity Growth	snapshot only														-12.45%
Debt Growth	snapshot only														74.98%
Shares Change	snapshot only														1.04%
Dividend Growth	snapshot only														-72.92%

Growth (CAGR)

Metric	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue 3Y	—	—	—	—	—	—	—	—	—	—	—	—	90.7%	50.2%	50.19%
Revenue 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EBITDA 3Y	—	—	—	—	—	—	—	—	—	—	—	—	19.5%	-13.2%	-13.16%
EBITDA 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Gross Profit 3Y	—	—	—	—	—	—	—	—	—	—	—	—	-1.3%	-36.2%	-36.23%
Gross Profit 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Op. Income 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Op. Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
OCF 3Y	—	—	—	—	—	—	—	—	—	—	—	—	38.4%	-29.8%	-29.84%
OCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Assets 3Y	—	—	—	—	—	—	—	—	—	—	—	—	27.7%	28.7%	28.70%
Assets 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Equity 3Y	—	—	—	—	—	—	—	—	—	—	—	—	1.7%	1.4%	1.44%
Book Value 3Y	—	—	—	—	—	—	—	—	—	—	—	—	1.6%	1.3%	1.26%
Dividend 3Y	—	—	—	—	—	—	—	—	—	—	—	—	-22.4%	-39.7%	-39.72%

Growth Quality

Metric	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue Stability	—	—	—	—	—	—	—	—	1.00	1.00	0.95	0.81	0.83	0.80	0.803
Earnings Stability	—	—	—	—	—	—	—	—	0.05	0.64	0.95	1.00	0.58	0.83	0.832
Margin Stability	—	—	—	—	—	—	—	—	0.54	0.49	0.39	0.29	0.30	0.22	0.222
Rev. Growth Consistency	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	1.00	0.00	0.00	0.000
Earn. Growth Consistency	0.00	0.00	0.00	0.00	0.50	0.50	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.000
FCF Positive Streak	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earnings Persistence	—	—	—	—	—	—	—	—	0.50	0.50	0.20	0.20	0.20	0.20	0.200
Earnings Smoothness	—	—	—	—	0.21	0.88	0.58	0.09	0.00	0.00	—	—	—	—	—
ROE Trend	—	—	—	—	—	—	—	—	-0.53	-0.66	—	-0.16	-0.16	-0.16	-0.162
Gross Margin Trend	—	—	—	—	—	—	—	—	-0.31	-0.27	-0.24	-0.24	-0.25	-0.22	-0.223
FCF Margin Trend	—	—	—	—	—	—	—	—	0.01	0.09	0.10	0.08	0.16	-0.04	-0.044
Sustainable Growth Rate	73.1%	84.5%	—	9.5%	8.4%	2.5%	-1.9%	-3.9%	-6.1%	-8.5%	—	—	—	—	—
Internal Growth Rate	3.9%	5.7%	5.7%	7.0%	3.2%	0.9%	—	—	—	—	—	—	—	—	—

Cash Flow Quality

Metric	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
OCF/Net Income	0.96	1.67	1.72	1.87	2.18	2.26	3.34	4.28	6.09	16.97	-13.51	-2.33	-1.46	-0.46	-0.461
FCF/OCF	-0.12	0.07	-0.15	-0.22	-0.41	-0.78	-0.54	-0.46	-0.58	-0.08	-0.10	-0.26	0.13	-3.37	-3.372
FCF/Net Income	snapshot only														1.556
OCF/EBITDA	snapshot only														0.492
CapEx/Revenue	39.7%	46.6%	52.0%	59.5%	61.2%	55.2%	45.1%	35.4%	28.5%	22.0%	18.2%	13.5%	11.8%	22.4%	22.36%
CapEx/Depreciation	snapshot only														1.161
Accruals Ratio	0.00	-0.05	-0.07	-0.11	-0.10	-0.08	-0.12	-0.12	-0.08	-0.11	-0.09	-0.08	-0.11	-0.07	-0.072
Sloan Accruals	snapshot only														-0.045
Cash Flow Adequacy	snapshot only														0.202

Dividends & Buybacks

Metric	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Dividend Yield	1.0%	1.9%	2.9%	4.9%	3.6%	4.5%	4.0%	4.1%	5.2%	7.0%	8.4%	7.9%	3.8%	1.5%	0.00%
Dividend/Share	$0.15	$0.30	$0.57	$0.77	$0.76	$0.82	$0.81	$0.87	$0.89	$0.91	$0.96	$0.74	$0.50	$0.25	$0.00
Payout Ratio	26.6%	31.6%	46.0%	48.2%	63.7%	86.5%	1.1%	1.6%	3.1%	8.1%	—	—	—	—	—
FCF Payout Ratio	—	2.7%	—	—	—	—	—	—	—	—	—	—	3.3%	—	—
Total Payout Ratio	26.6%	31.6%	46.0%	48.2%	63.7%	86.5%	1.1%	1.7%	3.2%	8.2%	—	—	—	—	—
Div. Increase Streak	0	0	0	0	1	1	1	1	1	1	1	0	0	0	0
Chowder Number	—	—	—	—	4.58	2.12	0.62	0.30	0.33	0.29	0.40	0.03	-0.38	-0.71	-0.711
Buyback Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.1%	0.1%	0.1%	0.2%	0.0%	0.1%	0.1%	0.06%
Net Buyback Yield	-20.2%	-19.4%	-15.0%	-18.8%	-0.4%	-0.2%	-0.2%	0.1%	-12.2%	-15.5%	-17.8%	-21.6%	0.1%	0.1%	0.06%
Total Shareholder Return	-19.2%	-17.4%	-12.1%	-13.9%	3.3%	4.2%	3.8%	4.2%	-7.0%	-8.5%	-9.4%	-13.7%	3.9%	1.6%	1.55%

DuPont Factors

Metric	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Tax Burden (NI/EBT)	0.80	0.65	0.59	0.62	0.59	0.65	0.78	0.79	0.77	0.72	0.74	0.74	0.83	0.75	0.750
Interest Burden (EBT/EBIT)	0.95	0.97	0.97	0.97	0.96	0.90	0.78	0.66	0.49	0.28	-0.52	6.70	2.07	1.67	1.667
EBIT Margin	0.48	0.48	0.46	0.43	0.35	0.23	0.14	0.11	0.08	0.06	0.03	-0.01	-0.05	-0.09	-0.089
Asset Turnover	0.14	0.26	0.38	0.49	0.43	0.49	0.58	0.65	0.55	0.55	0.53	0.52	0.46	0.44	0.445
Equity Multiplier	19.55	15.63	-16.31	1.45	2.71	2.79	3.31	1.70	1.79	1.81	1.85	1.87	1.86	2.01	2.014

Per Share

Metric	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
EPS (Diluted TTM)	$0.56	$0.95	$1.24	$1.60	$1.19	$0.95	$0.73	$0.54	$0.29	$0.11	$-0.11	$-0.41	$-0.79	$-0.95	$-0.95
Book Value/Share	$0.56	$0.77	$-0.76	$8.68	$9.71	$9.48	$9.42	$9.32	$10.87	$10.28	$9.89	$9.75	$9.38	$8.91	$8.91
Tangible Book/Share	$0.56	$0.77	$-0.76	$8.66	$7.85	$7.80	$7.76	$7.74	$8.03	$7.57	$7.09	$7.05	$6.74	$6.33	$6.33
Revenue/Share	$1.53	$3.15	$4.73	$6.14	$5.95	$6.95	$8.33	$9.49	$9.69	$9.40	$9.03	$8.83	$8.53	$8.55	$8.55
FCF/Share	$-0.07	$0.11	$-0.32	$-0.66	$-1.05	$-1.68	$-1.32	$-1.06	$-1.01	$-0.15	$-0.15	$-0.25	$0.15	$-1.47	$-1.47
OCF/Share	$0.54	$1.58	$2.13	$2.99	$2.59	$2.15	$2.44	$2.31	$1.75	$1.92	$1.49	$0.95	$1.15	$0.44	$0.44
Cash/Share	$3.53	$3.42	$2.64	$2.10	$1.70	$0.93	$0.71	$0.64	$0.57	$0.64	$0.33	$0.33	$0.32	$1.35	$1.35
EBITDA/Share	$0.83	$1.69	$2.46	$3.07	$2.58	$2.27	$2.02	$2.06	$1.91	$1.83	$1.69	$1.44	$1.13	$0.89	$0.89
Debt/Share	$1.71	$1.31	$1.72	$1.78	$4.38	$4.48	$4.46	$4.76	$4.64	$4.47	$4.72	$4.67	$5.56	$7.74	$7.74
Net Debt/Share	$-1.81	$-2.11	$-0.92	$-0.32	$2.68	$3.54	$3.75	$4.12	$4.07	$3.83	$4.38	$4.34	$5.24	$6.39	$6.39

Academic Models

Metric	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1.193
Altman Z-Prime	snapshot only														1.661
Piotroski F-Score	3	4	4	4	5	4	4	4	5	6	4	4	2	3	3
Beneish M-Score	—	—	—	—	20.30	11.89	9.65	9.54	-1.74	-2.69	-1.72	-1.05	-18.83	-1.46	-1.464
Ohlson O-Score	snapshot only														-6.251
ROIC (Greenblatt)	snapshot only														-5.14%
Net-Net WC	snapshot only														$-7.71
EVA	snapshot only														$-264959020.00

Credit

Metric	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Credit Rating	snapshot only														B-
Credit Score	82.08	88.08	20.00	90.25	74.17	64.80	55.10	47.87	49.26	40.09	35.37	25.91	26.04	20.93	20.929
Credit Grade	snapshot only														16
Credit Trend	snapshot only														-19.158
Implied Spread (bps)	snapshot only														900.000
Industry Credit Rank	snapshot only														6
Sector Credit Rank	snapshot only														11

AESI NYSE

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Executive Compensation

C-Suite Compensation

CEO Pay Ratio

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Scaling Efficiency

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