Analog Devices

Information Technology Semiconductors Wilmington, Massachusetts Last filing Nov 25, 2025 · FY2025

                    Revenue
                    FY2025
                
$11.0B
                    3y CAGR -2.8%
                    
                    P16
                    
                    n/a
                    
                    Net income
                    FY2025
                
$2.3B
                    Net margin +20.6%
                    
                    P67
                    
                    n/a
                    
                    Total assets
                    FY2025
                
$48.0B
                    ROA +4.7%
                    
                    P20
                    
                    n/a
                    
                    Operating cash flow
                    FY2025
                
$4.8B
                    FCF margin +38.8%
                    
                    P93
                    
                    n/a

22 yrs · FY2004–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

29 accounts · 1 year

Total assets $48.0B

Total liabilities $3.2B

Shareholders equity $33.8B

Account	2025	Trend
Assets
Cash and Cash Equivalents	5.2%
Short Term Investments	2.4%
Accounts Receivable	3.0%
Inventory	3.5%
Prepaid Expenses	0.8%
Other Current Assets	1.5%
Total Current Assets	14.8%
Property,Plant and Equipment	6.9%
Goodwill	56.1%
Intangible Assets	16.7%
Deferred Tax Assets	3.9%
Other Noncurrent Assets	1.5%
Total Assets	100.0%
Liabilities
Accounts Payable	1.1%
Accrued Liabilities	3.4%
Current Portion of Long Term Debt	0.0%
Other Current Liabilities	1.1%
Total Current Liabilities	6.8%
Long Term Debt	17.0%
Deferred Tax Liabilities	4.5%
Other Noncurrent Liabilities	1.1%
Total Liabilities	6.8%
Equity
Preferred Stock	0.0%
Common Stock	0.2%
Additional Paid In Capital	48.7%
Retained Earnings	22.0%
Accumulated Other Comprehensive Income	-0.3%
Total Stockholders Equity	70.5%
Total Liabilitiesand Equity	100.0%

Income Statement

Revenue, expense, and profitability

21 accounts · 1 year

Revenue $11.0B

Operating income $2.9B

Net income $2.3B

Account	2025	Trend
IncomeStatement
Revenues Total Revenue	23.0%
Expenses Cost of Revenue	8.8%
Expenses Research and Development	3.7%
Expenses Selling,General and Administrative	2.6%
Expenses Depreciation and Amortization	0.8%
Expenses Share Based Compensation	0.7%
Expenses Restructuring and Asset Impairment	0.1%
Expenses Operating Expenses	8.0%
Other Income Expense Gross Profit	14.1%
Other Income Expense Operating Income	6.1%
Other Income Expense Interest Income	0.2%
Other Income Expense Interest Expense	0.7%
Other Income Expense Other Income/expense	-0.0%
Other Income Expense Income Before Tax	5.7%
Income Tax Income Tax Expense	0.9%
net Income net Income	4.7%
net Income Comprehensive Income	4.8%
Earnings Per Share Basic Eps	0.0%
Earnings Per Share Diluted Eps	0.0%
Earnings Per Share Weighted Average Shares Basic	1.0%
Earnings Per Share Weighted Average Shares Diluted	1.0%

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 1 year

Operating cash flow $4.8B

Investing cash flow $-1.3B

Financing cash flow $-3.0B

Account	2025	Trend
CashFlow
Operating Activities net Income	4.7%
Operating Activities Depreciation and Amortization	3.3%
Operating Activities Stock Based Compensation	0.7%
Operating Activities Deferred Income Taxes	-0.5%
Operating Activities Changes In Operating Assets and Liabilities	0.6%
Operating Activities net Cash From Operating Activities	10.0%
Investing Activities Capital Expenditures	1.1%
Investing Activities Business Acquisitions	0.1%
Investing Activities Purchases of Investments	2.4%
Investing Activities Proceeds From Sale of Investments	0.8%
Investing Activities Other Investing Activities	0.0%
Investing Activities net Cash From Investing Activities	-2.8%
Financing Activities Repayment of Debt	0.8%
Financing Activities Repurchase of Common Stock	4.5%
Financing Activities Dividends Paid	4.0%
Financing Activities Proceeds From Stock Issuance	0.2%
Financing Activities Other Financing Activities	0.0%
Financing Activities net Cash From Financing Activities	-6.2%
Cash Reconciliation net Change In Cash	1.1%
Cash Reconciliation Cash At Beginning of Period	5.2%
Cash Reconciliation Cash At End of Period	5.2%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 1 year

Ratio	2025
Profitability
Gross margin	+61.5%
Operating margin	+26.6%
Net margin	+20.6%
FCF margin	+38.8%
Growth
Revenue CAGR (3y)	-2.8%
Returns
ROE	+6.7%
ROA	+4.7%
ROIC	+6.2%
Liquidity
Current ratio	2.19x
Quick ratio	1.21x
Leverage
D/E	0.10x
Interest coverage	9.23x
Efficiency
Asset turnover	0.23x
Cash conversion cycle	+143d

Valuation

Price against fundamentals

ADI $245 · 2025-09-29 · 351d old · FY2025

Market cap $121.6B

P/E 53.63x

P/S 11.03x

P/B 3.60x

EV $127.2B

EV/EBITDA 38.10x

FCF yield +3.5%

Dividend yield +1.6%

Notes

Your annotations

Not watched