INNIO N.V. (INIO) AI Stock Analysis

NASDAQ: INIOAI research summary: business, growth, valuation, analysts, bull and bear case.

INIO AI stock analysis summary

AI Research

INNIO N.V. provides power generation equipment and lifecycle services under the Jenbacher and Waukesha brands. The company generated $3.09B in trailing twelve-month revenue, with latest quarterly revenue expanding 42.2% year-over-year. However, profitability remains tight with a trailing twelve-month profit margin of 0.8% and total debt of $2.70B.

Market cap
$12.18B
Revenue (TTM)
$3.09B
P/E
541.3x
fwd 26.3x
1Y return
—
S&P 500 16.8%
Avg. target
$35.70
119.8% vs last close

Bull case

  • Revenue growth accelerated to 42.2% year-over-year in the quarter ended June 30, 2026, supported by strong demand in data center and power solutions.
  • Free cash flow generation rose substantially from $71.1M in FY2023 to $376.7M in FY2025.
  • Wall Street analysts project earnings per share to grow 116.3% to $0.79 on $5.18B in revenue for the next fiscal year.

Bear case

  • Trailing twelve-month profit margin contracted to 0.8%, producing trailing twelve-month EPS of just $0.03.
  • The balance sheet carries $2.70B in total debt against $209.2M in equity, driving a high debt-to-equity ratio of 12.91.
  • Valuation multiples remain elevated, including a trailing P/E of 541.3x compared to 24.8x for US-listed Industrials peers.

What INNIO does

Innio N.V., operating as a subsidiary of AI Alpine (Luxembourg) S.à r.l. and headquartered in Munich, Germany, delivers power generation equipment and services under the Jenbacher and Waukesha brands. The company operates through two segments: Equipment and Services. The Equipment segment designs, manufactures, and sells new engines and related equipment for data center, power solutions, and compression end-markets. The Services segment delivers aftermarket services across engine lifecycles, including maintenance agreements, spare parts, overhauls, remanufacturing, and parts replacement. It also provides Myplant, an AI-enabled fleet management platform, serving customers across Germany, Europe, the United States, North America, and internationally.

Growth and profitability

Revenue expanded from $2.02B in FY2023 to $2.16B in FY2024, representing 7.2% growth, before accelerating 22.1% to $2.64B in FY2025, yielding a two-year revenue CAGR of 14.4%. Over that period, net income climbed from $78.7M in FY2023 to $92.0M in FY2024 and reached $144.3M in FY2025, lifting net margin from 3.9% to 5.5%. Gross margin stood at 34.6% in FY2025 with an operating margin of 13.1%. Over the trailing twelve months ended June 30, 2026, revenue totaled $3.09B, aided by quarterly revenue growth of 42.2% year-over-year, though operating margin declined to 4.8% and profit margin slipped to 0.8%.

INIO income statement →

Balance sheet and cash flow

As of June 30, 2026, Innio held $1.04B in cash and short-term investments against $2.70B in total debt, leaving net debt at $1.66B. Shareholders' equity was $209.2M, which results in a debt-to-equity ratio of 12.91. The company maintained a current ratio of 1.25 against $5.72B in total assets. During FY2025, operating cash flow reached $547.9M and free cash flow was $376.7M, while capital expenditures totaled $171.2M and dividends paid were $723.8M.

INIO balance sheet →

Valuation and performance

At a last close of $16.24, Innio trades with a market capitalization of $12.18B and an enterprise value of $16.65B. The stock carries a trailing price-to-earnings ratio of 541.3x and a forward P/E of 26.3x, compared to medians of 24.8x and 17.2x, respectively, for US-listed Industrials peers. Its price-to-sales ratio of 3.9x and EV-to-EBITDA of 37.1x also exceed peer medians of 1.5x and 13.9x. The stock trades near its 52-week low of $15.30, well off its 52-week high of $42.95, while the S&P 500 returned 16.8% over one year.

INIO key metrics →

What analysts expect

Consensus coverage consists of 4 Strong Buy, 4 Buy, and 2 Hold ratings, with 0 Sell or Strong Sell recommendations. The mean price target is $35.70, reflecting a 119.8% premium over the last close of $16.24. For the fiscal year ending December 31, 2026, analysts estimate revenue of $3.87B and EPS of $0.37. For the next fiscal year, 8 analysts project revenue to rise 33.7% to $5.18B and EPS to jump 116.3% to $0.79. The company's next earnings date is October 27, 2026.

INIO forecast and price target →

Key risks and what to watch

  • Short interest represents 22.8% of the float, pointing to substantial market skepticism.
  • Net debt stands at $1.66B, while trailing twelve-month return on assets is 0.0%.
  • Operating margin dropped to 4.8% over the trailing twelve months, well below the 13.1% achieved in FY2025 and the peer median of 11.7%.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this INIO AI stock analysis

This page is an AI-written research summary of INNIO N.V. (INIO). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: INIO income statement, INIO balance sheet, INIO key metrics, INIO analyst forecast, INIO chart. See the INIO stock overview for the latest quote and news.

INIO AI stock analysis FAQ

What brands and products does INIO provide?

Innio provides power generation equipment and services under the Jenbacher and Waukesha brands. Its solutions include engines for data centers, power solutions, and compression markets, as well as the Myplant digital fleet management platform.

What is INIO's debt level?

As of June 30, 2026, Innio reported $2.70B in total debt and $1.04B in cash and short-term investments, resulting in net debt of $1.66B and a debt-to-equity ratio of 12.91.

What are analysts forecasting for INIO's future earnings?

Analysts forecast EPS of $0.37 on $3.87B in revenue for FY2026, followed by EPS of $0.79 on $5.18B in revenue for the next fiscal year.

What is the consensus analyst target price for INIO?

The mean analyst price target is $35.70, which sits 119.8% above its last closing price of $16.24.

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