GBAF Logo
Global Banking & Finance Awards® 2026 Nominations open, free to enter Nominate now →
G

Good Will Instrument Co 2423.TW · TWD

Information Technology · Taiwan Stock Exchange · 🇹🇼 Taiwan

Compare

62.20

+1.97%

Close of 9 Nov 2026, in TWD

Search any instrument

Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

Popular Bitcoin Ethereum Nvidia Apple S&P 500 Gold EUR/USD US 10Y

At a glance

Figures in TWD, from our data supplier.

FY2025

Revenue

TWD 2.94bn

FY2016FY2025

Net income

TWD 424.1m

FY2016FY2025

Free cash flow

TWD 295.3m

FY2016FY2025

Shareholders' equity

TWD 2.96bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTWD 2.94bnTWD 2.79bnTWD 3.02bnTWD 2.89bnTWD 2.61bnTWD 2.31bnTWD 2.55bnTWD 2.58bnTWD 2.31bnTWD 2.21bn
Gross profitTWD 1.56bnTWD 1.44bnTWD 1.56bnTWD 1.45bnTWD 1.33bnTWD 1.11bnTWD 1.28bnTWD 1.30bnTWD 1.14bnTWD 1.10bn
Research and developmentTWD 271.9mTWD 261.9mTWD 244.4mTWD 240.7mTWD 221.5mTWD 194.5mTWD 205.0mTWD 188.3mTWD 183.8mTWD 189.3m
Operating incomeTWD 536.0mTWD 415.1mTWD 551.8mTWD 536.3mTWD 405.4mTWD 250.9mTWD 397.6mTWD 415.5mTWD 277.7mTWD 241.6m
Net incomeTWD 424.1mTWD 351.1mTWD 428.3mTWD 403.7mTWD 289.5mTWD 199.1mTWD 312.1mTWD 343.5mTWD 284.1mTWD 255.0m
Diluted earnings per share2.912.422.932.742.011.362.152.371.961.74

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTWD 3.74bnTWD 3.56bnTWD 3.80bnTWD 3.99bnTWD 3.49bnTWD 3.69bnTWD 3.13bnTWD 3.25bnTWD 3.03bnTWD 3.04bn
Cash and short-term investmentsTWD 581.4mTWD 611.8mTWD 668.6mTWD 639.5mTWD 525.1mTWD 815.9mTWD 573.0mTWD 572.4mTWD 626.9mTWD 361.8m
Total liabilitiesTWD 774.3mTWD 749.1mTWD 1.05bnTWD 1.36bnTWD 1.06bnTWD 1.36bnTWD 784.0mTWD 920.5mTWD 818.4mTWD 857.3m
DebtTWD 56.8mTWD 53.9mTWD 217.8mTWD 415.4mTWD 184.8mTWD 614.1mTWD 128.8mTWD 69.0mTWD 115.8mTWD 126.9m
Shareholders' equityTWD 2.96bnTWD 2.81bnTWD 2.74bnTWD 2.63bnTWD 2.43bnTWD 2.33bnTWD 2.34bnTWD 2.32bnTWD 2.21bnTWD 2.17bn
Shares outstanding146m145m146m147m144m146m145m145m145m146m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTWD 385.8mTWD 500.6mTWD 548.1mTWD 158.9mTWD 437.7mTWD 483.4mTWD 233.6mTWD 298.3mTWD 348.4mTWD 281.6m
Capital spending−TWD 90.5m−TWD 67.6m−TWD 59.2m−TWD 54.4m−TWD 36.7m−TWD 32.4m−TWD 45.2m−TWD 102.7m−TWD 29.6m−TWD 33.2m
Free cash flowTWD 295.3mTWD 432.9mTWD 489.0mTWD 104.5mTWD 401.0mTWD 451.0mTWD 188.4mTWD 195.6mTWD 318.8mTWD 248.3m
Dividends paid−TWD 290.1m−TWD 319.1m−TWD 290.1m−TWD 217.6m−TWD 174.1m−TWD 217.6m−TWD 261.1m−TWD 217.6m−TWD 174.1m−TWD 96.7m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTWD 887.8mTWD 820.8mTWD 860.9mTWD 709.0mTWD 729.6mTWD 643.7mTWD 789.0mTWD 684.7m
Gross profitTWD 491.3mTWD 445.0mTWD 445.6mTWD 353.1mTWD 405.1mTWD 339.1mTWD 413.7mTWD 347.9m
Operating incomeTWD 212.2mTWD 213.1mTWD 158.6mTWD 121.2mTWD 164.5mTWD 97.6mTWD 147.0mTWD 90.7m
Net incomeTWD 173.6mTWD 188.3mTWD 134.6mTWD 115.0mTWD 77.5mTWD 96.9mTWD 121.6mTWD 83.3m
Diluted earnings per share1.191.290.920.790.530.670.840.57
Cash from operationsTWD 120.0mTWD 253.0mTWD 167.0m−TWD 2.0mTWD 102.0mTWD 144.0mTWD 150.0mTWD 169.0m
Capital spending−TWD 16.0m−TWD 12.0m−TWD 12.0m−TWD 57.0m−TWD 13.0m−TWD 7.0m−TWD 28.0m−TWD 12.0m
Free cash flowTWD 104.0mTWD 241.0mTWD 155.0m−TWD 59.0mTWD 89.0mTWD 137.0mTWD 122.0mTWD 157.0m
Total assetsTWD 4.33bnTWD 3.98bnTWD 3.74bnTWD 3.69bnTWD 3.73bnTWD 3.70bnTWD 3.56bnTWD 3.52bn
Cash and short-term investmentsTWD 929.4mTWD 822.5mTWD 581.4mTWD 495.5mTWD 712.2mTWD 705.2mTWD 611.8mTWD 503.4m
DebtTWD 22.9mTWD 22.1mTWD 72.1mTWD 156.9mTWD 30.4mTWD 34.1mTWD 45.1mTWD 90.7m
Shareholders' equityTWD 2.99bnTWD 2.81bnTWD 2.96bnTWD 2.78bnTWD 2.64bnTWD 2.65bnTWD 2.81bnTWD 2.69bn

Financial ratios

Data as of 11 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin52.9%51.6%51.5%50.1%50.9%48.3%
Operating margin18.2%16.1%18.5%18.5%15.8%11.9%
Net margin14.4%12.6%14.2%14.0%11.1%8.6%
Return on equity14.3%12.5%15.6%15.3%11.9%8.6%
Return on assets11.3%9.9%11.3%10.1%8.3%5.4%
Free cash flow yield4.6%5.5%5.9%2.0%4.6%5.0%
Revenue growth5.5%-7.8%4.8%10.6%13.1%-9.7%
Earnings growth20.8%-18.0%6.1%39.4%45.4%-36.2%
Current ratio3.71x3.62x2.83x2.21x2.37x2.32x
Debt to equity0.02x0.02x0.08x0.16x0.08x0.26x
Equity ratio79.3%79.0%72.2%66.0%69.6%63.1%
Interest coverage285.71x147.69x104.19x141.36x111.01x138.82x
R&D as a share of sales9.2%9.4%8.1%8.3%8.5%8.4%
Buybacks as a share of market value-0.4%0.8%0.8%-2.1%1.4%-0.9%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue0.7%5.0%3.2%
Operating income-0.0%16.4%10.4%
Net income1.7%16.3%6.2%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin52.3%51.5%51.0%50.5%
Operating margin16.6%17.5%16.3%14.9%
Net margin13.5%13.8%12.7%12.4%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings18.917.013.010.014.417.712.59.811.611.1
Price to sales2.72.11.81.41.61.51.51.31.41.3

Dividends and splits

Per share, in the currency the company pays

Paid for 26 years. Last went ex-dividend on 24 Jun 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year2.502.002.202.001.501.201.141.80
  • 21-for-20 split · 31 Aug 2016
  • 21-for-20 split · 30 Jul 2015
  • 1.075-for-1 split · 5 Aug 2014
  • 21-for-20 split · 17 Jul 2013
  • 21-for-20 split · 11 Jul 2012
  • 1.05-for-1 split · 25 Jul 2011

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.