Free Trial

Analog Devices (ADI) Financials

Analog Devices logo
$252.20 +5.25 (+2.13%)
Closing price 08/22/2025 04:00 PM Eastern
Extended Trading
$251.84 -0.36 (-0.14%)
As of 07:28 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Annual Income Statements for Analog Devices

Annual Income Statements for Analog Devices

This table shows Analog Devices' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 11/1/2014 10/31/2015 10/29/2016 10/28/2017 11/3/2018 11/2/2019 10/31/2020 10/30/2021 10/29/2022 10/28/2023 11/2/2024
Net Income / (Loss) Attributable to Common Shareholders
629 697 862 805 1,507 1,363 1,221 1,390 2,749 3,315 1,635
Consolidated Net Income / (Loss)
629 697 862 805 1,507 1,363 1,221 1,390 2,749 3,315 1,635
Net Income / (Loss) Continuing Operations
629 697 862 805 1,507 1,363 1,221 1,390 2,749 3,315 1,635
Total Pre-Tax Income
729 810 957 935 1,655 1,486 1,312 1,329 3,099 3,608 1,777
Total Operating Income
752 831 1,028 1,163 1,900 1,711 1,498 1,692 3,279 3,823 2,033
Total Gross Profit
1,830 2,259 2,227 3,168 4,250 4,014 3,690 4,525 7,532 7,877 5,381
Total Revenue
2,865 3,435 3,421 5,246 6,225 5,991 5,603 7,318 12,014 12,306 9,427
Operating Revenue
2,865 3,435 3,421 5,246 6,225 5,991 5,603 7,318 12,014 12,306 9,427
Total Cost of Revenue
1,035 1,176 1,194 2,078 1,974 1,977 1,913 2,793 4,481 4,428 4,046
Operating Cost of Revenue
1,035 1,176 1,194 2,078 1,974 1,977 1,913 2,793 4,481 4,428 4,046
Total Operating Expenses
1,078 1,428 1,199 2,005 2,351 2,303 2,192 2,833 4,254 4,054 3,349
Selling, General & Admin Expense
455 703 461 691 696 648 660 915 1,266 1,274 1,069
Research & Development Expense
560 637 654 968 1,165 1,130 1,051 1,296 1,701 1,660 1,488
Amortization Expense
26 88 70 297 429 429 429 537 1,013 960 755
Restructuring Charge
37 0.00 14 49 61 96 52 84 275 161 37
Total Other Income / (Expense), net
-23 -21 -71 -228 -244 -225 -187 -363 -180 -215 -255
Interest Expense
35 27 89 251 254 229 193 400 200 265 322
Interest & Investment Income
12 8.63 21 30 9.38 10 4.31 1.22 6.91 41 79
Other Income / (Expense), net
-0.53 -2.32 -3.66 -7.51 -0.07 -6.03 2.37 35 14 8.25 -12
Income Tax Expense
100 113 95 129 148 123 91 -62 350 293 142
Basic Earnings per Share
$0.00 $2.23 $2.79 - - - $3.31 $3.50 $5.29 $6.60 $3.30
Weighted Average Basic Shares Outstanding
313.20M 312.66M 308.74M 346.37M 370.43M 369.13M 368.63M 397.46M 519.23M 502.23M 496.17M
Diluted Earnings per Share
$0.00 $2.20 $2.76 - $4.00 - $3.28 $3.46 $5.25 $6.55 $3.28
Weighted Average Diluted Shares Outstanding
318.03M 316.87M 312.31M 350.48M 374.94M 372.87M 371.97M 401.29M 523.18M 505.96M 498.70M
Weighted Average Basic & Diluted Shares Outstanding
311.20M 312.06M 308.17M 368.64M 370.16M 368.30M 369.48M 525.33M 509.30M 496.26M 496.30M
Cash Dividends to Common per Share
$1.45 $1.57 $1.66 $1.77 $1.89 $2.10 $2.40 $2.69 $2.97 $3.34 $3.62

Quarterly Income Statements for Analog Devices

This table shows Analog Devices' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 1/28/2023 4/29/2023 7/29/2023 10/28/2023 2/3/2024 5/4/2024 8/3/2024 11/2/2024 2/1/2025 5/3/2025 8/2/2025
Net Income / (Loss) Attributable to Common Shareholders
961 978 877 498 463 302 392 478 391 570 519
Consolidated Net Income / (Loss)
961 978 877 498 463 302 392 478 391 570 519
Net Income / (Loss) Continuing Operations
961 978 877 498 463 302 392 478 391 570 519
Total Pre-Tax Income
1,073 1,088 875 572 513 325 423 516 436 626 763
Total Operating Income
1,131 1,128 929 634 586 386 491 569 491 678 818
Total Gross Profit
2,124 2,145 1,962 1,647 1,474 1,180 1,311 1,416 1,430 1,612 1,790
Total Revenue
3,250 3,263 3,076 2,716 2,513 2,159 2,312 2,443 2,423 2,640 2,880
Operating Revenue
3,250 3,263 3,076 2,716 2,513 2,159 2,312 2,443 2,423 2,640 2,880
Total Cost of Revenue
1,125 1,118 1,115 1,070 1,039 979 1,001 1,027 993 1,028 1,091
Operating Cost of Revenue
1,125 1,118 1,115 1,070 1,039 979 1,001 1,027 993 1,028 1,091
Total Operating Expenses
994 1,016 1,032 1,012 888 794 820 847 939 934 972
Selling, General & Admin Expense
326 324 334 289 290 244 257 277 285 303 326
Research & Development Expense
414 416 424 407 391 355 363 379 403 442 454
Amortization Expense
253 253 251 203 190 189 188 188 187 187 187
Restructuring Charge
0.00 23 24 114 16 5.98 12 2.86 64 1.75 4.35
Total Other Income / (Expense), net
-57 -40 -55 -63 -73 -62 -68 -53 -56 -52 -55
Interest Expense
60 63 69 72 77 77 85 83 75 75 80
Interest & Investment Income
11 13 8.79 9.09 9.17 15 26 28 23 22 27
Other Income / (Expense), net
-7.72 10 5.88 -0.13 -4.57 0.31 -9.58 1.79 -3.96 0.96 -2.11
Income Tax Expense
112 110 -2.20 73 51 22 31 38 44 56 245
Basic Earnings per Share
$1.90 $1.94 $1.75 $1.01 $0.93 $0.61 $0.79 $0.97 $0.79 $1.15 $1.05
Weighted Average Basic Shares Outstanding
507.12M 504.72M 500.02M 502.23M 495.77M 496.13M 496.34M 496.17M 496.12M 496.17M 494.39M
Diluted Earnings per Share
$1.88 $1.92 $1.74 $1.01 $0.93 $0.61 $0.79 $0.95 $0.78 $1.14 $1.04
Weighted Average Diluted Shares Outstanding
511.18M 508.73M 503.50M 505.96M 498.74M 498.53M 498.79M 498.70M 498.67M 498.20M 496.73M
Weighted Average Basic & Diluted Shares Outstanding
505.85M 501.42M 498.31M 496.26M 495.91M 496.22M 496.49M 496.30M 495.98M 496.25M 491.96M

Annual Cash Flow Statements for Analog Devices

This table details how cash moves in and out of Analog Devices' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 11/1/2014 10/31/2015 10/29/2016 10/28/2017 11/3/2018 11/2/2019 10/31/2020 10/30/2021 10/29/2022 10/28/2023 11/2/2024
Net Change in Cash & Equivalents
177 315 37 127 -231 -167 408 922 -507 -513 1,033
Net Cash From Operating Activities
872 908 1,291 1,154 2,442 2,253 2,008 2,735 4,475 4,818 3,853
Net Cash From Continuing Operating Activities
872 908 1,291 1,154 2,442 2,253 2,008 2,735 4,475 4,818 3,853
Net Income / (Loss) Continuing Operations
629 697 862 805 1,507 1,363 1,221 1,390 2,749 3,315 1,635
Consolidated Net Income / (Loss)
629 697 862 805 1,507 1,363 1,221 1,390 2,749 3,315 1,635
Depreciation Expense
114 130 135 195 229 241 234 231 283 335 363
Amortization Expense
28 92 75 389 571 571 577 843 2,014 1,958 1,742
Non-Cash Adjustments To Reconcile Net Income
33 51 91 452 188 205 -63 785 640 308 286
Changes in Operating Assets and Liabilities, net
67 -62 129 -687 -51 -127 39 -515 -1,210 -1,099 -173
Net Cash From Investing Activities
-115 -17 -1,218 -6,618 -314 -293 -181 2,144 -657 -1,266 -1,105
Net Cash From Continuing Investing Activities
-115 -17 -1,218 -6,618 -314 -293 -181 2,144 -657 -1,266 -1,105
Purchase of Property, Plant & Equipment
-178 -154 -127 -204 -255 -275 -166 -344 -699 -1,261 -730
Purchase of Investments
-7,485 -6,084 -7,697 -705 - - - - 0.00 0.00 -439
Sale and/or Maturity of Investments
9,506 6,236 6,708 3,940 - - - - 0.00 0.00 69
Other Investing Activities, net
-12 -8.28 -19 -16 -6.28 -6.64 -15 37 42 -4.92 -4.77
Net Cash From Financing Activities
-577 -572 -33 5,587 -2,358 -2,127 -1,421 -3,960 -4,291 -4,064 -1,714
Net Cash From Continuing Financing Activities
-577 -572 -33 5,587 -2,358 -2,127 -1,421 -3,960 -4,291 -4,064 -1,714
Repayment of Debt
-1,980 0.50 -412 -5,058 -2,275 -2,178 -1,104 -3,995 -899 -4,826 -10,697
Repurchase of Common Equity
-356 -227 -370 -47 -226 -613 -244 -2,605 -2,577 -2,964 -616
Payment of Dividends
-454 -491 -513 -602 -703 -777 -886 -1,109 -1,545 -1,679 -1,795
Issuance of Debt
1,995 0.00 1,235 11,156 747 1,325 746 4,340 696 5,287 11,272
Issuance of Common Equity
200 123 61 133 99 117 68 63 34 119 121
Effect of Exchange Rate Changes
-3.10 -3.95 -2.93 3.55 -1.57 - 0.18 - -35 0.00 0.00

Quarterly Cash Flow Statements for Analog Devices

This table details how cash moves in and out of Analog Devices' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 1/28/2023 4/29/2023 7/29/2023 10/28/2023 2/3/2024 5/4/2024 8/3/2024 11/2/2024 2/1/2025 5/3/2025 8/2/2025
Net Change in Cash & Equivalents
200 -493 -28 -191 345 636 166 -115 359 26 -55
Net Cash From Operating Activities
1,406 1,082 1,142 1,187 1,139 808 855 1,051 1,127 819 1,165
Net Cash From Continuing Operating Activities
1,406 1,082 1,142 1,187 1,139 808 855 1,051 1,127 819 1,165
Net Income / (Loss) Continuing Operations
961 978 877 498 463 302 392 478 391 570 519
Consolidated Net Income / (Loss)
961 978 877 498 463 302 392 478 391 570 519
Depreciation Expense
85 80 86 83 84 89 92 97 98 100 103
Amortization Expense
502 502 501 453 441 439 438 423 417 400 385
Non-Cash Adjustments To Reconcile Net Income
85 62 99 62 74 67 75 70 77 78 79
Changes in Operating Assets and Liabilities, net
-227 -540 -422 91 76 -90 -142 -17 143 -329 80
Net Cash From Investing Activities
-176 -285 -327 -479 -219 -602 -172 -112 -194 328 -1,230
Net Cash From Continuing Investing Activities
-176 -285 -327 -479 -219 -602 -172 -112 -194 328 -1,230
Purchase of Property, Plant & Equipment
-176 -284 -325 -476 -223 -188 -154 -165 -149 -90 -79
Purchase of Investments
- - - - - - -15 - - - -1,150
Other Investing Activities, net
0.10 -0.18 -2.17 -2.67 3.88 10 -3.40 -15 0.33 -13 -0.72
Net Cash From Financing Activities
-1,030 -1,290 -844 -899 -574 430 -517 -1,054 -574 -1,121 9.96
Net Cash From Continuing Financing Activities
-1,030 -1,290 -844 -899 -574 430 -517 -1,054 -574 -1,121 9.96
Repayment of Debt
-32 19 -2,166 -2,648 -2,797 -2,597 -2,320 -2,982 -1,968 -2,749 -2,509
Repurchase of Common Equity
-655 -1,153 -687 -470 -180 -222 -118 -95 -160 -249 -1,075
Payment of Dividends
-385 -435 -430 -428 -426 -456 -456 -457 -456 -491 -490
Issuance of Debt
0.00 254 2,393 2,641 2,779 3,692 2,326 2,475 1,969 2,347 4,042
Issuance of Common Equity
41 26 46 5.61 50 15 52 4.86 42 20 43

Annual Balance Sheets for Analog Devices

This table presents Analog Devices' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 11/1/2014 10/31/2015 10/29/2016 10/28/2017 11/3/2018 11/2/2019 10/31/2020 10/30/2021 10/29/2022 10/28/2023 11/2/2024
Total Assets
6,860 7,059 7,970 21,141 20,438 21,393 21,469 52,322 50,302 48,794 48,228
Total Current Assets
3,812 4,080 4,975 2,351 2,112 1,985 2,518 5,378 4,938 4,384 5,485
Cash & Equivalents
569 884 921 1,048 817 648 1,056 1,978 1,471 958 1,991
Short-Term Investments
2,297 2,145 3,135 - - - - - - 0.00 372
Accounts Receivable
397 467 478 689 640 635 738 1,459 1,800 1,470 1,336
Inventories, net
368 412 377 551 587 610 608 1,201 1,400 1,642 1,448
Prepaid Expenses
45 41 59 60 69 92 116 741 267 314 337
Plant, Property, & Equipment, net
622 644 636 1,107 1,154 1,220 1,121 1,979 2,401 3,219 3,416
Total Noncurrent Assets
2,425 2,335 2,359 17,683 17,172 18,188 17,518 44,965 42,963 41,191 39,328
Goodwill
1,642 1,637 1,679 12,217 12,253 12,257 12,278 26,918 26,913 26,913 26,910
Intangible Assets
671 584 549 5,319 4,778 4,217 3,650 15,267 13,265 11,312 9,585
Noncurrent Deferred & Refundable Income Taxes
27 33 36 32 9.67 1,582 1,503 2,267 2,265 2,223 2,084
Other Noncurrent Operating Assets
50 41 47 56 63 54 - 384 520 743 749
Total Liabilities & Shareholders' Equity
6,860 7,059 7,970 21,141 20,438 21,393 21,469 52,322 50,302 48,794 48,228
Total Liabilities
2,102 1,986 2,805 10,980 9,170 9,683 9,471 14,330 13,837 13,229 13,052
Total Current Liabilities
709 1,114 783 1,596 1,052 1,509 1,365 2,770 2,443 3,201 2,988
Short-Term Debt
0.00 375 0.00 300 67 300 - 517 0.00 1,046 947
Accounts Payable
139 174 171 237 261 225 227 443 582 493 487
Accrued Expenses
229 250 256 499 630 796 956 1,478 1,595 1,353 1,106
Current Deferred & Payable Income Tax Liabilities
63 15 4.10 87 94 188 182 333 266 309 447
Total Noncurrent Liabilities
1,393 872 2,022 9,383 8,118 8,175 8,106 11,559 11,394 10,028 10,064
Long-Term Debt
873 495 1,732 7,551 6,266 5,192 5,145 6,253 6,549 5,902 6,634
Noncurrent Deferred Revenue
- - - - - - - 811 708 417 260
Noncurrent Deferred & Payable Income Tax Liabilities
236 227 110 1,724 1,701 2,743 2,511 3,939 3,623 3,128 2,624
Other Noncurrent Operating Liabilities
263 126 153 76 112 240 449 556 515 581 544
Total Equity & Noncontrolling Interests
4,758 5,073 5,166 10,162 11,268 11,709 11,998 37,993 36,465 35,565 35,176
Total Preferred & Common Equity
4,758 5,073 5,166 10,162 11,268 11,709 11,998 37,993 36,465 35,565 35,176
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
4,755 5,070 5,166 10,162 11,268 11,709 11,998 37,993 36,465 35,565 35,176
Common Stock
695 686 454 5,312 5,344 4,998 5,011 30,662 27,942 25,397 25,165
Retained Earnings
4,231 4,437 4,786 4,911 5,983 6,899 7,236 7,517 8,721 10,357 10,197
Accumulated Other Comprehensive Income / (Loss)
-169 -51 -74 -61 -58 -188 -249 -187 -198 -188 -185

Quarterly Balance Sheets for Analog Devices

This table presents Analog Devices' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 1/28/2023 4/29/2023 7/29/2023 10/28/2023 2/3/2024 5/4/2024 8/3/2024 11/2/2024 2/1/2025 5/3/2025 8/2/2025
Total Assets
50,235 49,545 49,347 48,794 48,388 48,862 48,618 48,228 47,968 47,344 48,193
Total Current Assets
5,162 4,745 4,835 4,384 4,416 5,194 5,443 5,485 5,733 5,589 6,925
Cash & Equivalents
1,670 1,178 1,149 958 1,304 1,940 2,106 1,991 2,350 2,376 2,321
Short-Term Investments
- - - 0.00 - 424 440 372 371 0.00 1,148
Accounts Receivable
1,630 1,616 1,616 1,470 1,197 1,005 1,127 1,336 1,192 1,382 1,553
Inventories, net
1,523 1,648 1,709 1,642 1,553 1,479 1,428 1,448 1,475 1,525 1,597
Prepaid Expenses
338 303 360 314 362 346 342 337 345 305 305
Plant, Property, & Equipment, net
2,525 2,742 2,923 3,219 3,282 3,415 3,396 3,416 3,355 3,336 3,299
Total Noncurrent Assets
42,548 42,058 41,589 41,191 40,691 40,253 39,780 39,328 38,879 38,420 37,969
Goodwill
26,913 26,913 26,913 26,913 26,913 26,910 26,910 26,910 26,945 26,945 26,945
Intangible Assets
12,763 12,262 11,763 11,312 10,871 10,435 9,998 9,585 9,183 8,787 8,403
Noncurrent Deferred & Refundable Income Taxes
2,267 2,249 2,225 2,223 2,172 2,146 2,105 2,084 2,033 1,986 1,925
Other Noncurrent Operating Assets
605 634 688 743 734 762 767 749 718 702 696
Total Liabilities & Shareholders' Equity
50,235 49,545 49,347 48,794 48,388 48,862 48,618 48,228 47,968 47,344 48,193
Total Liabilities
13,703 13,532 13,443 13,229 12,840 13,613 13,428 13,052 12,897 12,334 14,107
Total Current Liabilities
2,434 2,646 2,831 3,201 2,923 3,297 3,227 2,988 2,971 2,691 2,979
Short-Term Debt
- 254 545 1,046 1,044 1,447 1,447 947 948 549 549
Accounts Payable
535 569 586 493 398 423 425 487 369 429 491
Accrued Expenses
1,385 1,515 1,277 1,353 1,071 1,067 957 1,106 1,166 1,354 1,465
Current Deferred & Payable Income Tax Liabilities
514 309 423 309 410 361 398 447 487 359 475
Total Noncurrent Liabilities
11,269 10,885 10,612 10,028 9,917 10,316 10,202 10,064 9,926 9,643 11,128
Long-Term Debt
6,543 6,476 6,438 5,902 5,947 6,612 6,656 6,634 6,619 6,648 8,140
Noncurrent Deferred Revenue
712 524 441 417 416 267 266 260 262 96 100
Noncurrent Deferred & Payable Income Tax Liabilities
3,477 3,325 3,151 3,128 2,976 2,888 2,743 2,624 2,515 2,380 2,372
Other Noncurrent Operating Liabilities
537 560 582 581 579 549 537 544 531 519 516
Total Equity & Noncontrolling Interests
36,531 36,013 35,904 35,565 35,548 35,249 35,190 35,176 35,071 35,011 34,086
Total Preferred & Common Equity
36,531 36,013 35,904 35,565 35,548 35,249 35,190 35,176 35,071 35,011 34,086
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
36,531 36,013 35,904 35,565 35,548 35,249 35,190 35,176 35,071 35,011 34,086
Common Stock
27,404 26,346 25,788 25,397 25,336 25,186 25,185 25,165 25,124 24,968 24,020
Retained Earnings
9,297 9,840 10,286 10,357 10,393 10,240 10,175 10,197 10,132 10,210 10,239
Accumulated Other Comprehensive Income / (Loss)
-170 -172 -171 -188 -181 -177 -170 -185 -185 -168 -173

Annual Metrics And Ratios for Analog Devices

This table displays calculated financial ratios and metrics derived from Analog Devices' official financial filings.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 11/1/2014 10/31/2015 10/29/2016 10/28/2017 11/3/2018 11/2/2019 10/31/2020 10/30/2021 10/29/2022 10/28/2023 11/2/2024
Growth Metrics
- - - - - - - - - - -
Revenue Growth
8.77% 19.91% -0.40% 53.34% 18.65% -3.75% -6.48% 30.61% 64.16% 2.43% -23.39%
EBITDA Growth
-4.91% 17.54% 17.46% 40.92% 55.15% -6.77% -8.12% 21.22% 99.48% 9.57% -32.65%
EBIT Growth
-9.37% 10.18% 23.65% 12.77% 64.42% -10.26% -11.97% 15.12% 90.58% 16.38% -47.26%
NOPAT Growth
4.38% 10.08% 29.53% 8.22% 72.62% -9.25% -11.14% 26.99% 64.23% 20.77% -46.75%
Net Income Growth
-6.56% 10.74% 23.65% -6.53% 87.11% -9.55% -10.44% 13.90% 97.68% 20.59% -50.66%
EPS Growth
0.00% 0.00% 25.45% 0.00% 0.00% 0.00% 0.00% 5.49% 51.73% 24.76% -49.92%
Operating Cash Flow Growth
-4.47% 4.15% 42.25% -10.61% 111.58% -7.75% -10.86% 36.18% 63.63% 7.65% -20.03%
Free Cash Flow Firm Growth
-250.49% 148.37% 76.12% -1,408.94% 114.59% -3.37% 17.95% -1,255.14% 115.96% -12.97% -13.39%
Invested Capital Growth
197.36% 5.30% -2.64% 500.69% -1.09% -1.67% -4.78% 171.90% -2.61% 0.03% -2.79%
Revenue Q/Q Growth
4.99% 5.03% 0.73% 14.80% -2.26% -1.53% 1.51% 12.50% 8.18% -4.14% -2.82%
EBITDA Q/Q Growth
-2.29% -4.52% 25.23% 23.42% -2.60% -4.74% 5.76% -2.62% 23.72% -7.46% -1.87%
EBIT Q/Q Growth
-6.29% -5.00% 31.60% 20.18% -4.21% -7.04% 9.39% -16.94% 42.27% -10.66% -3.03%
NOPAT Q/Q Growth
-2.17% -2.47% 32.42% 18.47% -1.34% -7.94% 7.82% -3.65% 28.26% -10.91% -1.30%
Net Income Q/Q Growth
-12.86% -1.75% 30.20% 19.18% -1.37% -8.53% 9.79% -18.27% 45.58% -11.67% -1.23%
EPS Q/Q Growth
-100.00% 746.15% 30.81% 0.00% 0.00% 0.00% 0.00% -24.29% 54.87% -10.64% -1.80%
Operating Cash Flow Q/Q Growth
-2.23% -6.61% 30.19% 15.51% 2.60% -2.45% 0.74% 10.87% 4.89% 0.79% -3.42%
Free Cash Flow Firm Q/Q Growth
2.46% -32.39% 57.21% 2.51% -17.76% 25.04% 12.92% -1,241.21% 117.28% -2.03% 5.07%
Invested Capital Q/Q Growth
-6.15% 2.63% -2.21% -1.42% 0.87% -2.14% -3.14% 169.51% 0.43% -0.43% -0.86%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
63.89% 65.77% 65.10% 60.39% 68.28% 67.00% 65.87% 61.83% 62.70% 64.01% 57.08%
EBITDA Margin
31.20% 30.59% 36.07% 33.15% 43.35% 41.99% 41.26% 38.29% 46.53% 49.77% 43.76%
Operating Margin
26.27% 24.19% 30.05% 22.16% 30.52% 28.55% 26.74% 23.12% 27.29% 31.07% 21.56%
EBIT Margin
26.25% 24.12% 29.94% 22.02% 30.52% 28.45% 26.78% 23.60% 27.40% 31.14% 21.44%
Profit (Net Income) Margin
21.97% 20.29% 25.18% 15.35% 24.21% 22.75% 21.79% 19.00% 22.88% 26.94% 17.35%
Tax Burden Percent
86.29% 86.02% 90.05% 86.16% 91.04% 91.74% 93.07% 104.64% 88.70% 91.87% 92.01%
Interest Burden Percent
96.99% 97.78% 93.41% 80.91% 87.14% 87.16% 87.41% 76.92% 94.12% 94.17% 87.95%
Effective Tax Rate
13.71% 13.98% 9.95% 13.84% 8.96% 8.26% 6.93% -4.64% 11.30% 8.13% 7.99%
Return on Invested Capital (ROIC)
35.33% 25.31% 32.39% 10.14% 10.26% 9.44% 8.67% 6.07% 6.91% 8.45% 4.56%
ROIC Less NNEP Spread (ROIC-NNEP)
36.01% 26.16% 35.22% 1.28% 6.64% 5.42% 4.56% -3.04% 3.63% 4.88% 0.37%
Return on Net Nonoperating Assets (RNNOA)
-22.07% -11.13% -15.56% 0.37% 3.80% 2.42% 1.63% -0.51% 0.48% 0.75% 0.06%
Return on Equity (ROE)
13.25% 14.18% 16.83% 10.51% 14.06% 11.86% 10.30% 5.56% 7.38% 9.20% 4.62%
Cash Return on Invested Capital (CROIC)
-64.01% 20.15% 35.06% -132.77% 11.36% 11.13% 13.56% -86.37% 9.55% 8.42% 7.40%
Operating Return on Assets (OROA)
11.36% 11.91% 13.63% 7.94% 9.14% 8.15% 7.00% 4.68% 6.42% 7.73% 4.17%
Return on Assets (ROA)
9.51% 10.01% 11.47% 5.53% 7.25% 6.52% 5.70% 3.77% 5.36% 6.69% 3.37%
Return on Common Equity (ROCE)
13.25% 14.17% 16.83% 10.51% 14.06% 11.86% 10.30% 5.56% 7.38% 9.20% 4.62%
Return on Equity Simple (ROE_SIMPLE)
13.23% 13.74% 16.68% 7.93% 13.37% 11.64% 10.17% 3.66% 7.54% 9.32% 4.65%
Net Operating Profit after Tax (NOPAT)
649 715 926 1,002 1,729 1,569 1,394 1,771 2,908 3,512 1,870
NOPAT Margin
22.66% 20.81% 27.06% 19.10% 27.78% 26.19% 24.89% 24.20% 24.21% 28.54% 19.84%
Net Nonoperating Expense Percent (NNEP)
-0.69% -0.85% -2.84% 8.86% 3.63% 4.02% 4.11% 9.11% 3.28% 3.57% 4.19%
Cost of Revenue to Revenue
36.11% 34.23% 34.90% 39.61% 31.72% 33.00% 34.13% 38.17% 37.30% 35.99% 42.92%
SG&A Expenses to Revenue
15.87% 20.45% 13.49% 13.16% 11.17% 10.82% 11.78% 12.51% 10.54% 10.35% 11.34%
R&D to Revenue
19.54% 18.56% 19.11% 18.45% 18.72% 18.87% 18.75% 17.71% 14.15% 13.49% 15.78%
Operating Expenses to Revenue
37.62% 41.58% 35.05% 38.23% 37.77% 38.44% 39.13% 38.71% 35.41% 32.95% 35.52%
Earnings before Interest and Taxes (EBIT)
752 829 1,024 1,155 1,900 1,705 1,501 1,727 3,292 3,831 2,021
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
894 1,051 1,234 1,739 2,699 2,516 2,312 2,802 5,590 6,124 4,125
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
2.67 3.11 3.25 2.90 2.58 3.16 3.41 1.60 1.97 2.21 3.18
Price to Tangible Book Value (P/TBV)
5.19 5.53 5.72 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
4.42 4.59 4.91 5.62 4.67 6.18 7.30 8.30 5.98 6.39 11.88
Price to Earnings (P/E)
20.14 22.61 19.49 36.60 19.28 27.15 33.51 43.70 26.16 23.73 68.46
Dividend Yield
3.59% 3.86% 3.04% 2.21% 2.99% 2.10% 2.17% 1.63% 2.12% 2.12% 1.61%
Earnings Yield
4.97% 4.42% 5.13% 2.73% 5.19% 3.68% 2.98% 2.29% 3.82% 4.21% 1.46%
Enterprise Value to Invested Capital (EV/IC)
3.88 4.69 5.12 2.14 2.06 2.54 2.86 1.53 1.85 2.04 2.90
Enterprise Value to Revenue (EV/Rev)
3.72 3.95 4.22 6.91 5.55 6.97 8.02 8.94 6.41 6.88 12.43
Enterprise Value to EBITDA (EV/EBITDA)
11.93 12.92 11.71 20.85 12.80 16.60 19.43 23.35 13.77 13.82 28.40
Enterprise Value to EBIT (EV/EBIT)
14.19 16.39 14.10 31.38 18.19 24.50 29.93 37.87 23.38 22.09 57.98
Enterprise Value to NOPAT (EV/NOPAT)
16.43 19.00 15.61 36.19 19.97 26.61 32.21 36.95 26.47 24.10 62.65
Enterprise Value to Operating Cash Flow (EV/OCF)
12.24 14.96 11.19 31.41 14.14 18.54 22.36 23.92 17.20 17.57 30.41
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 23.86 14.42 0.00 18.05 22.58 20.59 0.00 19.14 24.18 38.65
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.18 0.17 0.34 0.77 0.56 0.47 0.43 0.18 0.18 0.20 0.22
Long-Term Debt to Equity
0.18 0.10 0.34 0.74 0.56 0.44 0.43 0.16 0.18 0.17 0.19
Financial Leverage
-0.61 -0.43 -0.44 0.29 0.57 0.45 0.36 0.17 0.13 0.15 0.16
Leverage Ratio
1.39 1.42 1.47 1.90 1.94 1.82 1.81 1.48 1.38 1.38 1.37
Compound Leverage Factor
1.35 1.38 1.37 1.54 1.69 1.59 1.58 1.14 1.30 1.30 1.21
Debt to Total Capital
15.50% 14.64% 25.11% 43.59% 35.98% 31.93% 30.01% 15.12% 15.22% 16.34% 17.73%
Short-Term Debt to Total Capital
0.00% 6.30% 0.00% 1.67% 0.38% 1.74% 0.00% 1.15% 0.00% 2.46% 2.22%
Long-Term Debt to Total Capital
15.50% 8.34% 25.11% 41.92% 35.60% 30.19% 30.01% 13.97% 15.22% 13.88% 15.52%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
84.44% 85.31% 74.89% 56.41% 64.02% 68.07% 69.99% 84.88% 84.78% 83.66% 82.27%
Debt to EBITDA
0.98 0.83 1.40 4.51 2.35 2.18 2.23 2.42 1.17 1.13 1.84
Net Debt to EBITDA
-2.25 -2.07 -1.90 3.90 2.03 1.89 1.73 1.66 0.91 0.98 1.27
Long-Term Debt to EBITDA
0.98 0.47 1.40 4.34 2.32 2.06 2.23 2.23 1.17 0.96 1.61
Debt to NOPAT
1.34 1.22 1.87 7.84 3.66 3.50 3.69 3.82 2.25 1.98 4.05
Net Debt to NOPAT
-3.09 -3.05 -2.53 6.77 3.17 3.04 2.87 2.63 1.75 1.71 2.79
Long-Term Debt to NOPAT
1.34 0.69 1.87 7.54 3.62 3.31 3.69 3.53 2.25 1.68 3.55
Altman Z-Score
5.80 7.02 5.92 2.41 2.98 3.31 3.62 3.05 3.87 4.40 5.84
Noncontrolling Interest Sharing Ratio
0.03% 0.06% 0.03% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
5.38 3.66 6.35 1.47 2.01 1.32 1.84 1.94 2.02 1.37 1.84
Quick Ratio
4.60 3.14 5.79 1.09 1.38 0.85 1.31 1.24 1.34 0.76 1.24
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-1,176 569 1,002 -13,118 1,914 1,849 2,181 -25,197 4,021 3,500 3,031
Operating Cash Flow to CapEx
489.90% 589.63% 1,013.64% 565.59% 958.25% 818.20% 1,212.18% 795.83% 639.98% 381.91% 527.41%
Free Cash Flow to Firm to Interest Expense
-33.82 21.05 11.29 -52.30 7.55 8.07 11.28 -63.00 20.07 13.22 9.41
Operating Cash Flow to Interest Expense
25.06 33.58 14.55 4.60 9.63 9.84 10.39 6.84 22.33 18.20 11.96
Operating Cash Flow Less CapEx to Interest Expense
19.94 27.89 13.11 3.79 8.63 8.63 9.53 5.98 18.84 13.44 9.69
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.43 0.49 0.46 0.36 0.30 0.29 0.26 0.20 0.23 0.25 0.19
Accounts Receivable Turnover
7.94 7.96 7.25 8.99 9.37 9.40 8.16 6.66 7.37 7.53 6.72
Inventory Turnover
3.18 3.01 3.03 4.48 3.47 3.30 3.14 3.09 3.45 2.91 2.62
Fixed Asset Turnover
5.07 5.42 5.35 6.02 5.50 5.05 4.79 4.72 5.49 4.38 2.84
Accounts Payable Turnover
7.99 7.51 6.91 10.19 7.94 8.13 8.45 8.33 8.74 8.24 8.25
Days Sales Outstanding (DSO)
45.98 45.86 50.36 40.58 38.95 38.83 44.71 54.78 49.51 48.50 54.32
Days Inventory Outstanding (DIO)
114.88 121.10 120.55 81.44 105.16 110.45 116.24 118.18 105.90 125.37 139.38
Days Payable Outstanding (DPO)
45.68 48.61 52.83 35.84 45.99 44.87 43.18 43.82 41.77 44.31 44.23
Cash Conversion Cycle (CCC)
115.18 118.34 118.09 86.19 98.12 104.41 117.76 129.14 113.65 129.56 149.47
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
2,751 2,896 2,820 16,940 16,756 16,475 15,689 42,657 41,543 41,556 40,395
Invested Capital Turnover
1.56 1.22 1.20 0.53 0.37 0.36 0.35 0.25 0.29 0.30 0.23
Increase / (Decrease) in Invested Capital
1,826 146 -76 14,120 -184 -280 -787 26,968 -1,113 12 -1,161
Enterprise Value (EV)
10,668 13,580 14,448 36,256 34,544 41,766 44,914 65,423 76,968 84,633 117,168
Market Capitalization
12,675 15,756 16,794 29,478 29,057 37,000 40,912 60,759 71,890 78,642 111,949
Book Value per Share
$15.13 $16.16 $16.80 $27.64 $30.32 $31.70 $32.50 $103.18 $70.90 $71.37 $70.85
Tangible Book Value per Share
$7.77 $9.09 $9.55 ($20.06) ($15.50) ($12.90) ($10.65) ($11.39) ($7.22) ($5.34) ($2.66)
Total Capital
5,631 5,943 6,898 18,013 17,601 17,201 17,143 44,762 43,014 42,514 42,758
Total Debt
873 870 1,732 7,851 6,333 5,492 5,145 6,770 6,549 6,949 7,582
Total Long-Term Debt
873 495 1,732 7,551 6,266 5,192 5,145 6,253 6,549 5,902 6,634
Net Debt
-2,007 -2,176 -2,346 6,778 5,487 4,766 4,003 4,664 5,078 5,991 5,219
Capital Expenditures (CapEx)
178 154 127 204 255 275 166 344 699 1,261 730
Debt-free, Cash-free Net Working Capital (DFCFNWC)
236 312 136 7.17 311 128 97 1,147 1,025 1,271 1,081
Debt-free Net Working Capital (DFNWC)
3,103 3,341 4,192 1,055 1,127 776 1,153 3,125 2,495 2,229 3,444
Net Working Capital (NWC)
3,103 2,966 4,192 755 1,060 476 1,153 2,608 2,495 1,183 2,496
Net Nonoperating Expense (NNE)
20 18 64 196 222 206 174 380 160 198 235
Net Nonoperating Obligations (NNO)
-2,007 -2,176 -2,346 6,778 5,487 4,766 3,691 4,664 5,078 5,991 5,219
Total Depreciation and Amortization (D&A)
142 222 210 584 799 811 811 1,075 2,297 2,293 2,104
Debt-free, Cash-free Net Working Capital to Revenue
8.25% 9.07% 3.98% 0.14% 4.99% 2.13% 1.73% 15.67% 8.53% 10.33% 11.46%
Debt-free Net Working Capital to Revenue
108.31% 97.25% 122.52% 20.11% 18.11% 12.96% 20.57% 42.70% 20.77% 18.12% 36.53%
Net Working Capital to Revenue
108.31% 86.34% 122.52% 14.39% 17.04% 7.95% 20.57% 35.64% 20.77% 9.61% 26.48%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $5.29 $6.60 $3.30
Adjusted Weighted Average Basic Shares Outstanding
0.00 0.00 0.00 0.00 0.00 369.13M 368.63M 397.46M 519.23M 502.23M 496.17M
Adjusted Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $5.25 $6.55 $3.28
Adjusted Weighted Average Diluted Shares Outstanding
0.00 0.00 0.00 0.00 0.00 372.87M 371.97M 401.29M 523.18M 505.96M 498.70M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 0.00 0.00 0.00 0.00 368.30M 369.48M 525.33M 509.30M 496.26M 496.30M
Normalized Net Operating Profit after Tax (NOPAT)
681 715 938 1,044 1,785 1,657 1,443 1,244 3,152 3,660 1,905
Normalized NOPAT Margin
23.79% 20.81% 27.42% 19.91% 28.68% 27.66% 25.76% 16.99% 26.23% 29.74% 20.20%
Pre Tax Income Margin
25.46% 23.58% 27.97% 17.82% 26.59% 24.80% 23.41% 18.16% 25.79% 29.32% 18.85%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
21.62 30.65 11.54 4.61 7.49 7.44 7.76 4.32 16.43 14.48 6.27
NOPAT to Interest Expense
18.67 26.44 10.43 3.99 6.82 6.85 7.21 4.43 14.51 13.27 5.80
EBIT Less CapEx to Interest Expense
16.50 24.96 10.11 3.79 6.49 6.24 6.91 3.46 12.94 9.71 4.00
NOPAT Less CapEx to Interest Expense
13.55 20.75 9.00 3.18 5.81 5.65 6.36 3.57 11.02 8.50 3.54
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
72.18% 70.47% 59.56% 74.76% 46.67% 57.04% 72.59% 79.78% 56.19% 50.66% 109.80%
Augmented Payout Ratio
128.80% 103.03% 102.50% 80.54% 61.67% 102.02% 92.62% 267.15% 149.95% 140.08% 147.44%

Quarterly Metrics And Ratios for Analog Devices

This table displays calculated financial ratios and metrics derived from Analog Devices' official financial filings.

Metric Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 1/28/2023 4/29/2023 7/29/2023 10/28/2023 2/3/2024 5/4/2024 8/3/2024 11/2/2024 2/1/2025 5/3/2025 8/2/2025
Growth Metrics
- - - - - - - - - - -
Revenue Growth
21.06% 9.79% -1.07% -16.36% -22.68% -33.83% -24.84% -10.06% -3.56% 22.28% 24.57%
EBITDA Growth
80.99% 14.36% 3.17% -29.66% -35.31% -46.83% -33.55% -6.73% -9.37% 28.95% 28.77%
EBIT Growth
199.25% 22.66% 4.24% -41.88% -48.23% -66.06% -48.50% -9.95% -16.17% 75.68% 69.37%
NOPAT Growth
220.78% 23.97% 18.09% -43.85% -47.86% -64.54% -51.11% -4.67% -16.42% 71.65% 21.95%
Net Income Growth
243.29% 24.82% 17.09% -46.76% -51.87% -69.09% -55.28% -4.08% -15.43% 88.51% 32.20%
EPS Growth
254.72% 28.86% 20.83% -43.58% -50.53% -68.23% -54.60% -5.94% -16.13% 86.89% 31.65%
Operating Cash Flow Growth
64.21% -11.48% -8.45% 3.30% -19.02% -25.31% -25.16% -11.49% -1.06% 1.44% 36.27%
Free Cash Flow Firm Growth
105.88% 104.28% 102.27% -74.23% -53.48% -7.86% 157.49% 212.27% 152.42% 76.32% 38.16%
Invested Capital Growth
-1.16% -0.12% 0.90% 0.03% -0.41% -1.49% -2.37% -2.79% -3.20% -2.72% -3.54%
Revenue Q/Q Growth
0.06% 0.41% -5.71% -11.70% -7.50% -14.08% 7.09% 5.67% -0.82% 8.95% 9.10%
EBITDA Q/Q Growth
2.80% 0.57% -11.47% -23.15% -5.45% -17.34% 10.64% 7.87% -8.12% 17.60% 10.49%
EBIT Q/Q Growth
2.91% 1.38% -17.85% -32.19% -8.34% -33.53% 24.66% 18.57% -14.68% 39.30% 20.18%
NOPAT Q/Q Growth
2.84% 0.12% -8.11% -40.65% -4.51% -31.92% 26.72% 15.72% -16.28% 39.81% -9.97%
Net Income Q/Q Growth
2.70% 1.68% -10.29% -43.17% -7.16% -34.68% 29.77% 21.89% -18.15% 45.60% -9.00%
EPS Q/Q Growth
5.03% 2.13% -9.38% -41.95% -7.92% -34.41% 29.51% 20.25% -17.89% 46.15% -8.77%
Operating Cash Flow Q/Q Growth
22.36% -23.09% 5.63% 3.92% -4.08% -29.06% 5.84% 22.90% 7.23% -27.27% 42.18%
Free Cash Flow Firm Q/Q Growth
-28.55% -29.00% -47.25% -3.71% 29.01% 40.62% 47.40% 16.78% 4.28% -1.77% 15.50%
Invested Capital Q/Q Growth
-0.33% 0.39% 0.41% -0.43% -0.77% -0.71% -0.48% -0.86% -1.19% -0.21% -1.32%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
65.37% 65.72% 63.76% 60.62% 58.66% 54.66% 56.71% 57.96% 59.03% 61.04% 62.14%
EBITDA Margin
52.64% 52.73% 49.51% 43.09% 44.04% 42.37% 43.77% 44.68% 41.39% 44.68% 45.24%
Operating Margin
34.80% 34.58% 30.21% 23.35% 23.32% 17.88% 21.25% 23.31% 20.28% 25.68% 28.40%
EBIT Margin
34.56% 34.90% 30.40% 23.35% 23.14% 17.90% 20.83% 23.38% 20.11% 25.72% 28.33%
Profit (Net Income) Margin
29.59% 29.96% 28.51% 18.35% 18.42% 14.00% 16.96% 19.57% 16.15% 21.58% 18.00%
Tax Burden Percent
89.57% 89.86% 100.25% 87.17% 90.13% 93.11% 92.73% 92.59% 89.84% 91.03% 67.92%
Interest Burden Percent
95.58% 95.55% 93.53% 90.15% 88.31% 84.00% 87.81% 90.40% 89.38% 92.20% 93.56%
Effective Tax Rate
10.43% 10.14% -0.25% 12.83% 9.87% 6.89% 7.27% 7.41% 10.16% 8.97% 32.08%
Return on Invested Capital (ROIC)
9.41% 9.62% 9.36% 6.03% 5.88% 4.22% 4.63% 4.96% 4.19% 5.68% 5.01%
ROIC Less NNEP Spread (ROIC-NNEP)
8.31% 8.89% 8.32% 5.04% 4.65% 3.21% 3.52% 4.09% 3.24% 4.78% 4.32%
Return on Net Nonoperating Assets (RNNOA)
1.05% 1.22% 1.21% 0.77% 0.68% 0.51% 0.56% 0.65% 0.48% 0.72% 0.67%
Return on Equity (ROE)
10.46% 10.84% 10.57% 6.80% 6.57% 4.73% 5.20% 5.61% 4.68% 6.40% 5.68%
Cash Return on Invested Capital (CROIC)
9.82% 9.26% 8.60% 8.42% 7.74% 7.27% 7.00% 7.40% 7.65% 7.81% 8.94%
Operating Return on Assets (OROA)
8.57% 8.95% 7.83% 5.80% 5.43% 3.81% 4.13% 4.54% 3.90% 5.25% 6.08%
Return on Assets (ROA)
7.34% 7.69% 7.34% 4.56% 4.32% 2.98% 3.36% 3.80% 3.13% 4.41% 3.86%
Return on Common Equity (ROCE)
10.46% 10.84% 10.57% 6.80% 6.57% 4.73% 5.20% 5.61% 4.68% 6.40% 5.68%
Return on Equity Simple (ROE_SIMPLE)
9.39% 10.06% 10.45% 0.00% 7.92% 6.07% 4.70% 0.00% 4.46% 5.23% 0.00%
Net Operating Profit after Tax (NOPAT)
1,013 1,014 932 553 528 360 456 527 441 617 556
NOPAT Margin
31.17% 31.08% 30.29% 20.36% 21.02% 16.65% 19.70% 21.58% 18.22% 23.38% 19.29%
Net Nonoperating Expense Percent (NNEP)
1.10% 0.72% 1.04% 0.99% 1.24% 1.02% 1.11% 0.88% 0.95% 0.90% 0.69%
Return On Investment Capital (ROIC_SIMPLE)
- - - - 1.24% - - - 1.04% 1.46% 1.30%
Cost of Revenue to Revenue
34.63% 34.28% 36.24% 39.38% 41.34% 45.34% 43.29% 42.04% 40.97% 38.96% 37.86%
SG&A Expenses to Revenue
10.04% 9.94% 10.86% 10.64% 11.54% 11.31% 11.12% 11.35% 11.75% 11.46% 11.31%
R&D to Revenue
12.74% 12.74% 13.77% 14.97% 15.58% 16.44% 15.69% 15.51% 16.63% 16.74% 15.77%
Operating Expenses to Revenue
30.57% 31.14% 33.55% 37.27% 35.34% 36.77% 35.46% 34.66% 38.75% 35.37% 33.74%
Earnings before Interest and Taxes (EBIT)
1,123 1,139 935 634 581 386 482 571 487 679 816
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
1,711 1,720 1,523 1,170 1,107 915 1,012 1,092 1,003 1,180 1,303
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
2.32 2.47 2.72 2.21 2.65 2.80 2.93 3.18 3.00 2.81 3.23
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
6.73 6.91 7.61 6.39 8.14 9.42 10.64 11.88 11.26 10.03 10.59
Price to Earnings (P/E)
24.68 24.54 26.04 23.73 33.43 46.07 62.33 68.46 67.24 53.78 56.20
Dividend Yield
1.83% 1.79% 1.66% 2.12% 1.82% 1.76% 1.71% 1.61% 1.74% 1.89% 1.72%
Earnings Yield
4.05% 4.08% 3.84% 4.21% 2.99% 2.17% 1.60% 1.46% 1.49% 1.86% 1.78%
Enterprise Value to Invested Capital (EV/IC)
2.16 2.27 2.48 2.04 2.42 2.55 2.67 2.90 2.76 2.59 2.93
Enterprise Value to Revenue (EV/Rev)
7.12 7.34 8.07 6.88 8.63 9.97 11.21 12.43 11.78 10.52 11.10
Enterprise Value to EBITDA (EV/EBITDA)
14.08 14.38 15.64 13.82 18.08 22.12 25.87 28.40 27.36 24.10 25.18
Enterprise Value to EBIT (EV/EBIT)
22.16 22.23 24.14 22.09 30.34 41.10 52.19 57.98 57.10 46.56 45.13
Enterprise Value to NOPAT (EV/NOPAT)
24.83 24.86 26.26 24.10 32.96 43.90 57.39 62.65 61.68 50.62 53.91
Enterprise Value to Operating Cash Flow (EV/OCF)
17.81 19.34 21.66 17.57 21.94 24.39 27.26 30.41 28.64 26.82 27.69
Enterprise Value to Free Cash Flow (EV/FCFF)
21.88 24.53 28.99 24.18 31.21 34.80 37.69 38.65 35.46 32.76 32.20
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.18 0.19 0.19 0.20 0.20 0.23 0.23 0.22 0.22 0.21 0.25
Long-Term Debt to Equity
0.18 0.18 0.18 0.17 0.17 0.19 0.19 0.19 0.19 0.19 0.24
Financial Leverage
0.13 0.14 0.15 0.15 0.15 0.16 0.16 0.16 0.15 0.15 0.16
Leverage Ratio
1.37 1.37 1.37 1.38 1.37 1.38 1.38 1.37 1.36 1.37 1.40
Compound Leverage Factor
1.31 1.31 1.29 1.24 1.21 1.16 1.21 1.24 1.22 1.26 1.31
Debt to Total Capital
15.19% 15.74% 16.28% 16.34% 16.43% 18.61% 18.72% 17.73% 17.75% 17.05% 20.31%
Short-Term Debt to Total Capital
0.00% 0.59% 1.27% 2.46% 2.45% 3.34% 3.34% 2.22% 2.22% 1.30% 1.28%
Long-Term Debt to Total Capital
15.19% 15.15% 15.01% 13.88% 13.98% 15.27% 15.37% 15.52% 15.52% 15.75% 19.03%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
84.81% 84.26% 83.72% 83.66% 83.57% 81.39% 81.28% 82.27% 82.25% 82.95% 79.69%
Debt to EBITDA
1.03 1.02 1.06 1.13 1.27 1.71 1.93 1.84 1.88 1.68 1.90
Net Debt to EBITDA
0.77 0.84 0.88 0.98 1.03 1.21 1.32 1.27 1.20 1.12 1.14
Long-Term Debt to EBITDA
1.03 0.99 0.97 0.96 1.08 1.40 1.58 1.61 1.65 1.55 1.78
Debt to NOPAT
1.82 1.77 1.77 1.98 2.31 3.39 4.28 4.05 4.24 3.53 4.06
Net Debt to NOPAT
1.35 1.46 1.48 1.71 1.88 2.40 2.93 2.79 2.72 2.36 2.44
Long-Term Debt to NOPAT
1.82 1.70 1.63 1.68 1.96 2.78 3.51 3.55 3.71 3.26 3.81
Altman Z-Score
4.35 4.61 5.02 4.19 5.01 4.93 5.19 5.74 5.49 5.42 5.35
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
2.12 1.79 1.71 1.37 1.51 1.58 1.69 1.84 1.93 2.08 2.32
Quick Ratio
1.36 1.06 0.98 0.76 0.86 1.02 1.14 1.24 1.32 1.40 1.69
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
1,499 1,064 561 541 697 981 1,446 1,688 1,760 1,729 1,997
Operating Cash Flow to CapEx
798.32% 380.39% 351.99% 249.23% 510.74% 429.28% 555.62% 635.28% 756.36% 907.83% 1,471.97%
Free Cash Flow to Firm to Interest Expense
24.80 16.83 8.10 7.55 9.04 12.72 16.97 20.39 23.39 23.15 25.09
Operating Cash Flow to Interest Expense
23.26 17.10 16.47 16.58 14.76 10.48 10.04 12.69 14.97 10.97 14.64
Operating Cash Flow Less CapEx to Interest Expense
20.35 12.60 11.79 9.93 11.87 8.04 8.23 10.69 12.99 9.76 13.64
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.25 0.26 0.26 0.25 0.23 0.21 0.20 0.19 0.19 0.20 0.21
Accounts Receivable Turnover
7.70 7.98 7.64 7.53 8.19 7.99 7.07 6.72 7.82 8.23 7.75
Inventory Turnover
3.47 3.24 3.06 2.91 2.82 2.69 2.61 2.62 2.64 2.70 2.74
Fixed Asset Turnover
5.51 5.32 5.03 4.38 3.98 3.40 3.07 2.84 2.81 2.91 3.10
Accounts Payable Turnover
8.91 8.65 7.90 8.24 9.31 8.48 8.09 8.25 10.43 9.50 9.04
Days Sales Outstanding (DSO)
47.39 45.72 47.75 48.50 44.59 45.71 51.61 54.32 46.70 44.37 47.10
Days Inventory Outstanding (DIO)
105.31 112.57 119.09 125.37 129.30 135.81 140.04 139.38 138.15 135.39 133.37
Days Payable Outstanding (DPO)
40.97 42.18 46.23 44.31 39.21 43.07 45.10 44.23 35.00 38.40 40.37
Cash Conversion Cycle (CCC)
111.74 116.11 120.62 129.56 134.68 138.45 146.55 149.47 149.85 141.35 140.10
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
41,404 41,565 41,737 41,556 41,235 40,944 40,747 40,395 39,916 39,832 39,305
Invested Capital Turnover
0.30 0.31 0.31 0.30 0.28 0.25 0.24 0.23 0.23 0.24 0.26
Increase / (Decrease) in Invested Capital
-486 -50 370 12 -169 -621 -990 -1,161 -1,319 -1,112 -1,442
Enterprise Value (EV)
89,513 94,485 103,539 84,633 99,816 104,301 108,750 117,168 110,006 103,317 115,243
Market Capitalization
84,640 88,933 97,705 78,642 94,129 98,606 103,193 111,949 105,160 98,496 110,023
Book Value per Share
$71.73 $71.19 $71.60 $71.37 $71.70 $71.08 $70.92 $70.85 $70.66 $70.59 $68.69
Tangible Book Value per Share
($6.18) ($6.25) ($5.53) ($5.34) ($4.51) ($4.23) ($3.46) ($2.66) ($2.13) ($1.46) ($2.54)
Total Capital
43,075 42,743 42,886 42,514 42,539 43,307 43,293 42,758 42,637 42,208 42,774
Total Debt
6,543 6,729 6,982 6,949 6,990 8,059 8,102 7,582 7,567 7,197 8,689
Total Long-Term Debt
6,543 6,476 6,438 5,902 5,947 6,612 6,656 6,634 6,619 6,648 8,140
Net Debt
4,873 5,552 5,833 5,991 5,687 5,695 5,557 5,219 4,845 4,821 5,219
Capital Expenditures (CapEx)
176 284 325 476 223 188 154 165 149 90 79
Debt-free, Cash-free Net Working Capital (DFCFNWC)
1,057 1,175 1,400 1,271 1,233 979 1,117 1,081 989 1,070 1,025
Debt-free Net Working Capital (DFNWC)
2,728 2,352 2,549 2,229 2,536 3,343 3,663 3,444 3,710 3,447 4,494
Net Working Capital (NWC)
2,728 2,099 2,004 1,183 1,493 1,896 2,216 2,496 2,762 2,898 3,946
Net Nonoperating Expense (NNE)
51 36 55 55 65 57 63 49 50 47 37
Net Nonoperating Obligations (NNO)
4,873 5,552 5,833 5,991 5,687 5,695 5,557 5,219 4,845 4,821 5,219
Total Depreciation and Amortization (D&A)
587 582 588 536 525 528 530 520 516 501 487
Debt-free, Cash-free Net Working Capital to Revenue
8.41% 9.13% 10.90% 10.33% 10.66% 9.36% 11.52% 11.46% 10.59% 10.90% 9.87%
Debt-free Net Working Capital to Revenue
21.69% 18.28% 19.86% 18.12% 21.92% 31.95% 37.76% 36.53% 39.74% 35.10% 43.27%
Net Working Capital to Revenue
21.69% 16.31% 15.61% 9.61% 12.90% 18.12% 22.85% 26.48% 29.58% 29.51% 37.99%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$1.90 $1.94 $1.75 $1.01 $0.93 $0.61 $0.79 $0.97 $0.79 $1.15 $1.05
Adjusted Weighted Average Basic Shares Outstanding
507.12M 504.72M 500.02M 502.23M 495.77M 496.13M 496.34M 496.17M 496.12M 496.17M 494.39M
Adjusted Diluted Earnings per Share
$1.88 $1.92 $1.74 $1.01 $0.93 $0.61 $0.79 $0.95 $0.78 $1.14 $1.04
Adjusted Weighted Average Diluted Shares Outstanding
511.18M 508.73M 503.50M 505.96M 498.74M 498.53M 498.79M 498.70M 498.67M 498.20M 496.73M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
505.85M 501.42M 498.31M 496.26M 495.91M 496.22M 496.49M 496.30M 495.98M 496.25M 491.96M
Normalized Net Operating Profit after Tax (NOPAT)
1,013 1,035 667 652 543 365 467 530 499 619 559
Normalized NOPAT Margin
31.17% 31.71% 21.68% 24.02% 21.60% 16.91% 20.20% 21.69% 20.58% 23.44% 19.39%
Pre Tax Income Margin
33.03% 33.34% 28.44% 21.05% 20.43% 15.03% 18.29% 21.13% 17.98% 23.71% 26.50%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
18.58 18.00 13.49 8.86 7.54 5.01 5.66 6.90 6.48 9.09 10.25
NOPAT to Interest Expense
16.75 16.03 13.44 7.72 6.85 4.66 5.35 6.37 5.86 8.26 6.98
EBIT Less CapEx to Interest Expense
15.66 13.51 8.81 2.21 4.65 2.57 3.85 4.90 4.50 7.88 9.26
NOPAT Less CapEx to Interest Expense
13.84 11.54 8.76 1.07 3.96 2.22 3.54 4.37 3.89 7.05 5.99
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
45.70% 44.28% 43.74% 50.66% 61.07% 81.32% 106.71% 109.80% 116.74% 101.60% 96.76%
Augmented Payout Ratio
137.70% 141.73% 132.01% 140.08% 149.49% 154.17% 166.54% 147.44% 154.83% 135.55% 177.42%

Key Financial Trends

Analog Devices (NASDAQ:ADI) has demonstrated generally positive financial trends over the past four years, with some fluctuations and areas to monitor. Here is a summary of key financial highlights and trends identified from Q3 2022 through Q3 2025 based on income statements, balance sheets, and cash flow statements.

  • Steady Revenue Growth: Operating revenue has generally increased from approximately $3.11 billion in Q3 2022 to around $2.88 billion in Q3 2025, with fluctuations due to market cycles but demonstrating resilience overall.
  • Profitability Maintained: Net income has remained strong across periods, with quarterly net income continuing operations around $518 million in Q3 2025, up from about $749 million in Q3 2022, showing good profitability despite macroeconomic challenges.
  • Robust Gross Margins: Gross profit remains healthy, generally around 60-65% of revenue, indicating efficient cost management in production and operations over time.
  • Solid Operating Cash Flow: Net cash from continuing operating activities was $1.165 billion in Q3 2025 and consistently strong in recent quarters, supporting internal funding for investments and shareholder returns.
  • Substantial R&D Investment: Research and Development expenses have remained high but stable (approximately $400-$450 million per quarter), highlighting a focus on innovation to sustain competitive advantage.
  • Healthy Balance Sheet: Total assets and equity have been stable to increasing, with total equity around $34 billion in Q3 2025 and strong goodwill and intangible assets indicating valuable acquisitions and intellectual property.
  • Fluctuating Cash and Equivalents: Cash & equivalents ranged from about $1.15 billion in Q3 2022 to around $2.32 billion in Q3 2025, showing intermittent cash use and replenishment tied to investing and financing activities.
  • High Long-Term Debt Level: Long-term debt has increased from about $6.25 billion in Q3 2022 to approximately $8.14 billion in Q3 2025, a trend to watch for impacts on interest expenses and leverage.
  • Increasing Interest Expense: Interest expense rose to nearly $80 million per quarter by Q3 2025 from approximately $51 million in Q3 2022, reflecting the higher debt load and potential cost pressure.
  • Significant Financing Outflows: There is considerable cash outflow for debt repayments, share repurchases, and dividends, for example, debt repayments of over $2.5 billion in Q3 2025 and repurchases exceeding $1 billion, which can pressure liquidity and require careful balancing.

Overall Analysis: Analog Devices has maintained earnings quality and revenue growth, supported by strong operating cash flows and significant R&D investment. The company's balance sheet remains robust but shows increased leverage and interest costs. Shareholder-friendly actions such as dividends and buybacks continue, but monitoring debt levels and financing costs will be important. Investors should watch for how well ADI balances growth investments, debt management, and returns going forward.

08/25/25 06:32 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Analog Devices' Financials

When does Analog Devices' fiscal year end?

According to the most recent income statement we have on file, Analog Devices' financial year ends in November. Their financial year 2024 ended on November 2, 2024.

How has Analog Devices' net income changed over the last 10 years?

Analog Devices' net income appears to be on an upward trend, with a most recent value of $1.64 billion in 2024, rising from $629.32 million in 2014. The previous period was $3.31 billion in 2023. Find out what analysts predict for Analog Devices in the coming months.

What is Analog Devices' operating income?
Analog Devices' total operating income in 2024 was $2.03 billion, based on the following breakdown:
  • Total Gross Profit: $5.38 billion
  • Total Operating Expenses: $3.35 billion
How has Analog Devices' revenue changed over the last 10 years?

Over the last 10 years, Analog Devices' total revenue changed from $2.86 billion in 2014 to $9.43 billion in 2024, a change of 229.1%.

How much debt does Analog Devices have?

Analog Devices' total liabilities were at $13.05 billion at the end of 2024, a 1.3% decrease from 2023, and a 521.0% increase since 2014.

How much cash does Analog Devices have?

In the past 10 years, Analog Devices' cash and equivalents has ranged from $569.23 million in 2014 to $1.99 billion in 2024, and is currently $1.99 billion as of their latest financial filing in 2024.

How has Analog Devices' book value per share changed over the last 10 years?

Over the last 10 years, Analog Devices' book value per share changed from 15.13 in 2014 to 70.85 in 2024, a change of 368.2%.



This page (NASDAQ:ADI) was last updated on 8/25/2025 by MarketBeat.com Staff
From Our Partners