Analog Devices (ADI) Financials

$195.88 -1.84 (-0.93%)

Closing price 05/6/2025 03:59 PM Eastern

Extended Trading

$198.42 +2.54 (+1.30%)

As of 05/6/2025 07:53 PM Eastern

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

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	7/30/2022	10/29/2022	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
Net Income / (Loss) Attributable to Common Shareholders	749	936	961	978	877	498	463	302	392	478	391
Consolidated Net Income / (Loss)	749	936	961	978	877	498	463	302	392	478	391
Net Income / (Loss) Continuing Operations	749	936	961	978	877	498	463	302	392	478	391
Total Pre-Tax Income	848	1,048	1,073	1,088	875	572	513	325	423	516	436
Total Operating Income	893	1,102	1,131	1,128	929	634	586	386	491	569	491
Total Gross Profit	2,043	2,143	2,124	2,145	1,962	1,647	1,474	1,180	1,311	1,416	1,430
Total Revenue	3,110	3,248	3,250	3,263	3,076	2,716	2,513	2,159	2,312	2,443	2,423
Operating Revenue	3,110	3,248	3,250	3,263	3,076	2,716	2,513	2,159	2,312	2,443	2,423
Total Cost of Revenue	1,067	1,105	1,125	1,118	1,115	1,070	1,039	979	1,001	1,027	993
Operating Cost of Revenue	1,067	1,105	1,125	1,118	1,115	1,070	1,039	979	1,001	1,027	993
Total Operating Expenses	1,150	1,040	994	1,016	1,032	1,012	888	794	820	847	939
Selling, General & Admin Expense	327	337	326	324	334	289	290	244	257	277	285
Research & Development Expense	432	421	414	416	424	407	391	355	363	379	403
Amortization Expense	253	253	253	253	251	203	190	189	188	188	187
Restructuring Charge	138	30	0.00	23	24	114	16	5.98	12	2.86	64
Total Other Income / (Expense), net	-45	-54	-57	-40	-55	-63	-73	-62	-68	-53	-56
Interest Expense	51	48	60	63	69	72	77	77	85	83	75
Interest & Investment Income	1.80	4.33	11	13	8.79	9.09	9.17	15	26	28	23
Other Income / (Expense), net	4.02	-11	-7.72	10	5.88	-0.13	-4.57	0.31	-9.58	1.79	-3.96
Income Tax Expense	99	112	112	110	-2.20	73	51	22	31	38	44
Basic Earnings per Share	$1.45	$1.81	$1.90	$1.94	$1.75	$1.01	$0.93	$0.61	$0.79	$0.97	$0.79
Weighted Average Basic Shares Outstanding	517.01M	519.23M	507.12M	504.72M	500.02M	502.23M	495.77M	496.13M	496.34M	496.17M	496.12M
Diluted Earnings per Share	$1.44	$1.79	$1.88	$1.92	$1.74	$1.01	$0.93	$0.61	$0.79	$0.95	$0.78
Weighted Average Diluted Shares Outstanding	520.55M	523.18M	511.18M	508.73M	503.50M	505.96M	498.74M	498.53M	498.79M	498.70M	498.67M
Weighted Average Basic & Diluted Shares Outstanding	514.34M	509.30M	505.85M	501.42M	498.31M	496.26M	495.91M	496.22M	496.49M	496.30M	495.98M
Cash Dividends to Common per Share	$0.76	-	$0.76	$0.86	$0.86	-	$0.86	$0.92	$0.92	-	$0.92

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

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	7/30/2022	10/29/2022	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
Net Change in Cash & Equivalents	-213	-54	200	-493	-28	-191	345	636	166	-115	359
Net Cash From Operating Activities	1,248	1,149	1,406	1,082	1,142	1,187	1,139	808	855	1,051	1,127
Net Cash From Continuing Operating Activities	1,248	1,149	1,406	1,082	1,142	1,187	1,139	808	855	1,051	1,127
Net Income / (Loss) Continuing Operations	749	936	961	978	877	498	463	302	392	478	391
Consolidated Net Income / (Loss)	749	936	961	978	877	498	463	302	392	478	391
Depreciation Expense	76	71	85	80	86	83	84	89	92	97	98
Amortization Expense	503	502	502	502	501	453	441	439	438	423	417
Non-Cash Adjustments To Reconcile Net Income	185	63	85	62	99	62	74	67	75	70	77
Changes in Operating Assets and Liabilities, net	-265	-422	-227	-540	-422	91	76	-90	-142	-17	143
Net Cash From Investing Activities	-134	-306	-176	-285	-327	-479	-219	-602	-172	-112	-194
Net Cash From Continuing Investing Activities	-134	-306	-176	-285	-327	-479	-219	-602	-172	-112	-194
Purchase of Property, Plant & Equipment	-165	-305	-176	-284	-325	-476	-223	-188	-154	-165	-149
Acquisitions	-	-	-	-	-	-	0.00	-	-	-	-46
Other Investing Activities, net	31	-1.82	0.10	-0.18	-2.17	-2.67	3.88	10	-3.40	-15	0.33
Net Cash From Financing Activities	-1,318	-887	-1,030	-1,290	-844	-899	-574	430	-517	-1,054	-574
Net Cash From Continuing Financing Activities	-1,318	-887	-1,030	-1,290	-844	-899	-574	430	-517	-1,054	-574
Repayment of Debt	-428	22	-32	19	-2,166	-2,648	-2,797	-2,597	-2,320	-2,982	-1,968
Repurchase of Common Equity	-906	-818	-655	-1,153	-687	-470	-180	-222	-118	-95	-160
Payment of Dividends	-394	-390	-385	-435	-430	-428	-426	-456	-456	-457	-456
Issuance of Debt	400	296	0.00	254	2,393	2,641	2,779	3,692	2,326	2,475	1,969
Issuance of Common Equity	9.96	3.87	41	26	46	5.61	50	15	52	4.86	42

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

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	7/30/2022	10/29/2022	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
Total Assets	50,346	50,302	50,235	49,545	49,347	48,794	48,388	48,862	48,618	48,228	47,968
Total Current Assets	4,690	4,938	5,162	4,745	4,835	4,384	4,416	5,194	5,443	5,485	5,733
Cash & Equivalents	1,525	1,471	1,670	1,178	1,149	958	1,304	1,940	2,106	1,991	2,350
Short-Term Investments	-	-	-	-	-	0.00	-	424	440	372	371
Accounts Receivable	1,743	1,800	1,630	1,616	1,616	1,470	1,197	1,005	1,127	1,336	1,192
Inventories, net	1,203	1,400	1,523	1,648	1,709	1,642	1,553	1,479	1,428	1,448	1,475
Prepaid Expenses	219	267	338	303	360	314	362	346	342	337	345
Plant, Property, & Equipment, net	2,180	2,401	2,525	2,742	2,923	3,219	3,282	3,415	3,396	3,416	3,355
Total Noncurrent Assets	43,476	42,963	42,548	42,058	41,589	41,191	40,691	40,253	39,780	39,328	38,879
Goodwill	26,920	26,913	26,913	26,913	26,913	26,913	26,913	26,910	26,910	26,910	26,945
Intangible Assets	13,764	13,265	12,763	12,262	11,763	11,312	10,871	10,435	9,998	9,585	9,183
Noncurrent Deferred & Refundable Income Taxes	2,297	2,265	2,267	2,249	2,225	2,223	2,172	2,146	2,105	2,084	2,033
Other Noncurrent Operating Assets	495	520	605	634	688	743	734	762	767	749	718
Total Liabilities & Shareholders' Equity	50,346	50,302	50,235	49,545	49,347	48,794	48,388	48,862	48,618	48,228	47,968
Total Liabilities	13,708	13,837	13,703	13,532	13,443	13,229	12,840	13,613	13,428	13,052	12,897
Total Current Liabilities	2,441	2,443	2,434	2,646	2,831	3,201	2,923	3,297	3,227	2,988	2,971
Short-Term Debt	0.00	0.00	-	254	545	1,046	1,044	1,447	1,447	947	948
Accounts Payable	545	582	535	569	586	493	398	423	425	487	369
Accrued Expenses	1,450	1,595	1,385	1,515	1,277	1,353	1,071	1,067	957	1,106	1,166
Current Deferred & Payable Income Tax Liabilities	446	266	514	309	423	309	410	361	398	447	487
Total Noncurrent Liabilities	11,266	11,394	11,269	10,885	10,612	10,028	9,917	10,316	10,202	10,064	9,926
Long-Term Debt	6,253	6,549	6,543	6,476	6,438	5,902	5,947	6,612	6,656	6,634	6,619
Noncurrent Deferred Revenue	713	708	712	524	441	417	416	267	266	260	262
Noncurrent Deferred & Payable Income Tax Liabilities	3,764	3,623	3,477	3,325	3,151	3,128	2,976	2,888	2,743	2,624	2,515
Other Noncurrent Operating Liabilities	536	515	537	560	582	581	579	549	537	544	531
Total Equity & Noncontrolling Interests	36,639	36,465	36,531	36,013	35,904	35,565	35,548	35,249	35,190	35,176	35,071
Total Preferred & Common Equity	36,639	36,465	36,531	36,013	35,904	35,565	35,548	35,249	35,190	35,176	35,071
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	36,639	36,465	36,531	36,013	35,904	35,565	35,548	35,249	35,190	35,176	35,071
Common Stock	28,676	27,942	27,404	26,346	25,788	25,397	25,336	25,186	25,185	25,165	25,124
Retained Earnings	8,175	8,721	9,297	9,840	10,286	10,357	10,393	10,240	10,175	10,197	10,132
Accumulated Other Comprehensive Income / (Loss)	-213	-198	-170	-172	-171	-188	-181	-177	-170	-185	-185

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	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	19.91%	-0.40%	53.34%	18.65%	-3.75%	-6.48%	30.61%	64.16%	2.43%	-23.39%
EBITDA Growth	17.54%	17.46%	40.92%	55.15%	-6.77%	-8.12%	21.22%	99.48%	9.57%	-32.65%
EBIT Growth	10.18%	23.65%	12.77%	64.42%	-10.26%	-11.97%	15.12%	90.58%	16.38%	-47.26%
NOPAT Growth	10.08%	29.53%	8.22%	72.62%	-9.25%	-11.14%	26.99%	64.23%	20.77%	-46.75%
Net Income Growth	10.74%	23.65%	-6.53%	87.11%	-9.55%	-10.44%	13.90%	97.68%	20.59%	-50.66%
EPS Growth	0.00%	25.45%	0.00%	0.00%	0.00%	0.00%	5.49%	51.73%	24.76%	-49.92%
Operating Cash Flow Growth	4.15%	42.25%	-10.61%	111.58%	-7.75%	-10.86%	36.18%	63.63%	7.65%	-20.03%
Free Cash Flow Firm Growth	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	5.30%	-2.64%	500.69%	-1.09%	-1.67%	-4.78%	171.90%	-2.61%	0.03%	-2.79%
Revenue Q/Q Growth	5.03%	0.73%	14.80%	-2.26%	-1.53%	1.51%	12.50%	8.18%	-4.14%	-2.82%
EBITDA Q/Q Growth	-4.52%	25.23%	23.42%	-2.60%	-4.74%	5.76%	-2.62%	23.72%	-7.46%	-1.87%
EBIT Q/Q Growth	-5.00%	31.60%	20.18%	-4.21%	-7.04%	9.39%	-16.94%	42.27%	-10.66%	-3.03%
NOPAT Q/Q Growth	-2.47%	32.42%	18.47%	-1.34%	-7.94%	7.82%	-3.65%	28.26%	-10.91%	-1.30%
Net Income Q/Q Growth	-1.75%	30.20%	19.18%	-1.37%	-8.53%	9.79%	-18.27%	45.58%	-11.67%	-1.23%
EPS Q/Q Growth	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	-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	-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	2.63%	-2.21%	-1.42%	0.87%	-2.14%	-3.14%	169.51%	0.43%	-0.43%	-0.86%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	65.77%	65.10%	60.39%	68.28%	67.00%	65.87%	61.83%	62.70%	64.01%	57.08%
EBITDA Margin	30.59%	36.07%	33.15%	43.35%	41.99%	41.26%	38.29%	46.53%	49.77%	43.76%
Operating Margin	24.19%	30.05%	22.16%	30.52%	28.55%	26.74%	23.12%	27.29%	31.07%	21.56%
EBIT Margin	24.12%	29.94%	22.02%	30.52%	28.45%	26.78%	23.60%	27.40%	31.14%	21.44%
Profit (Net Income) Margin	20.29%	25.18%	15.35%	24.21%	22.75%	21.79%	19.00%	22.88%	26.94%	17.35%
Tax Burden Percent	86.02%	90.05%	86.16%	91.04%	91.74%	93.07%	104.64%	88.70%	91.87%	92.01%
Interest Burden Percent	97.78%	93.41%	80.91%	87.14%	87.16%	87.41%	76.92%	94.12%	94.17%	87.95%
Effective Tax Rate	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)	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)	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)	-11.13%	-15.56%	0.37%	3.80%	2.42%	1.63%	-0.51%	0.48%	0.75%	0.06%
Return on Equity (ROE)	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)	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)	11.91%	13.63%	7.94%	9.14%	8.15%	7.00%	4.68%	6.42%	7.73%	4.17%
Return on Assets (ROA)	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)	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)	13.74%	16.68%	7.93%	13.37%	11.64%	10.17%	3.66%	7.54%	9.32%	4.65%
Net Operating Profit after Tax (NOPAT)	715	926	1,002	1,729	1,569	1,394	1,771	2,908	3,512	1,870
NOPAT Margin	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)	-0.85%	-2.84%	8.86%	3.63%	4.02%	4.11%	9.11%	3.28%	3.57%	4.19%
Cost of Revenue to Revenue	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	20.45%	13.49%	13.16%	11.17%	10.82%	11.78%	12.51%	10.54%	10.35%	11.34%
R&D to Revenue	18.56%	19.11%	18.45%	18.72%	18.87%	18.75%	17.71%	14.15%	13.49%	15.78%
Operating Expenses to Revenue	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)	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)	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)	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)	5.53	5.72	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	4.59	4.91	5.62	4.67	6.18	7.30	8.30	5.98	6.39	11.88
Price to Earnings (P/E)	22.61	19.49	36.60	19.28	27.15	33.51	43.70	26.16	23.73	68.46
Dividend Yield	3.86%	3.04%	2.21%	2.99%	2.10%	2.17%	1.63%	2.12%	2.12%	1.61%
Earnings Yield	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)	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)	3.95	4.22	6.91	5.55	6.97	8.02	8.94	6.41	6.88	12.43
Enterprise Value to EBITDA (EV/EBITDA)	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)	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)	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)	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)	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	0.17	0.34	0.77	0.56	0.47	0.43	0.18	0.18	0.20	0.22
Long-Term Debt to Equity	0.10	0.34	0.74	0.56	0.44	0.43	0.16	0.18	0.17	0.19
Financial Leverage	-0.43	-0.44	0.29	0.57	0.45	0.36	0.17	0.13	0.15	0.16
Leverage Ratio	1.42	1.47	1.90	1.94	1.82	1.81	1.48	1.38	1.38	1.37
Compound Leverage Factor	1.38	1.37	1.54	1.69	1.59	1.58	1.14	1.30	1.30	1.21
Debt to Total Capital	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	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	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%
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%
Common Equity to Total Capital	85.31%	74.89%	56.41%	64.02%	68.07%	69.99%	84.88%	84.78%	83.66%	82.27%
Debt to EBITDA	0.83	1.40	4.51	2.35	2.18	2.23	2.42	1.17	1.13	1.84
Net Debt to EBITDA	-2.07	-1.90	3.90	2.03	1.89	1.73	1.66	0.91	0.98	1.27
Long-Term Debt to EBITDA	0.47	1.40	4.34	2.32	2.06	2.23	2.23	1.17	0.96	1.61
Debt to NOPAT	1.22	1.87	7.84	3.66	3.50	3.69	3.82	2.25	1.98	4.05
Net Debt to NOPAT	-3.05	-2.53	6.77	3.17	3.04	2.87	2.63	1.75	1.71	2.79
Long-Term Debt to NOPAT	0.69	1.87	7.54	3.62	3.31	3.69	3.53	2.25	1.68	3.55
Altman Z-Score	7.02	5.92	2.41	2.98	3.31	3.62	3.05	3.87	4.40	5.84
Noncontrolling Interest Sharing Ratio	0.06%	0.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.66	6.35	1.47	2.01	1.32	1.84	1.94	2.02	1.37	1.84
Quick Ratio	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)	569	1,002	-13,118	1,914	1,849	2,181	-25,197	4,021	3,500	3,031
Operating Cash Flow to CapEx	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	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	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	27.89	13.11	3.79	8.63	8.63	9.53	5.98	18.84	13.44	9.69
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.49	0.46	0.36	0.30	0.29	0.26	0.20	0.23	0.25	0.19
Accounts Receivable Turnover	7.96	7.25	8.99	9.37	9.40	8.16	6.66	7.37	7.53	6.72
Inventory Turnover	3.01	3.03	4.48	3.47	3.30	3.14	3.09	3.45	2.91	2.62
Fixed Asset Turnover	5.42	5.35	6.02	5.50	5.05	4.79	4.72	5.49	4.38	2.84
Accounts Payable Turnover	7.51	6.91	10.19	7.94	8.13	8.45	8.33	8.74	8.24	8.25
Days Sales Outstanding (DSO)	45.86	50.36	40.58	38.95	38.83	44.71	54.78	49.51	48.50	54.32
Days Inventory Outstanding (DIO)	121.10	120.55	81.44	105.16	110.45	116.24	118.18	105.90	125.37	139.38
Days Payable Outstanding (DPO)	48.61	52.83	35.84	45.99	44.87	43.18	43.82	41.77	44.31	44.23
Cash Conversion Cycle (CCC)	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	2,896	2,820	16,940	16,756	16,475	15,689	42,657	41,543	41,556	40,395
Invested Capital Turnover	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	146	-76	14,120	-184	-280	-787	26,968	-1,113	12	-1,161
Enterprise Value (EV)	13,580	14,448	36,256	34,544	41,766	44,914	65,423	76,968	84,633	117,168
Market Capitalization	15,756	16,794	29,478	29,057	37,000	40,912	60,759	71,890	78,642	111,949
Book Value per Share	$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	$9.09	$9.55	($20.06)	($15.50)	($12.90)	($10.65)	($11.39)	($7.22)	($5.34)	($2.66)
Total Capital	5,943	6,898	18,013	17,601	17,201	17,143	44,762	43,014	42,514	42,758
Total Debt	870	1,732	7,851	6,333	5,492	5,145	6,770	6,549	6,949	7,582
Total Long-Term Debt	495	1,732	7,551	6,266	5,192	5,145	6,253	6,549	5,902	6,634
Net Debt	-2,176	-2,346	6,778	5,487	4,766	4,003	4,664	5,078	5,991	5,219
Capital Expenditures (CapEx)	154	127	204	255	275	166	344	699	1,261	730
Debt-free, Cash-free Net Working Capital (DFCFNWC)	312	136	7.17	311	128	97	1,147	1,025	1,271	1,081
Debt-free Net Working Capital (DFNWC)	3,341	4,192	1,055	1,127	776	1,153	3,125	2,495	2,229	3,444
Net Working Capital (NWC)	2,966	4,192	755	1,060	476	1,153	2,608	2,495	1,183	2,496
Net Nonoperating Expense (NNE)	18	64	196	222	206	174	380	160	198	235
Net Nonoperating Obligations (NNO)	-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)	222	210	584	799	811	811	1,075	2,297	2,293	2,104
Debt-free, Cash-free Net Working Capital to Revenue	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	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	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	$5.29	$6.60	$3.30
Adjusted Weighted Average Basic Shares Outstanding	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	$5.25	$6.55	$3.28
Adjusted Weighted Average Diluted Shares Outstanding	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
Adjusted Weighted Average Basic & Diluted Shares Outstanding	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)	715	938	1,044	1,785	1,657	1,443	1,244	3,152	3,660	1,905
Normalized NOPAT Margin	20.81%	27.42%	19.91%	28.68%	27.66%	25.76%	16.99%	26.23%	29.74%	20.20%
Pre Tax Income Margin	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	30.65	11.54	4.61	7.49	7.44	7.76	4.32	16.43	14.48	6.27
NOPAT to Interest Expense	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	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	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	70.47%	59.56%	74.76%	46.67%	57.04%	72.59%	79.78%	56.19%	50.66%	109.80%
Augmented Payout Ratio	103.03%	102.50%	80.54%	61.67%	102.02%	92.62%	267.15%	149.95%	140.08%	147.44%

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	7/30/2022	10/29/2022	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
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	76.81%	38.82%	21.06%	9.79%	-1.07%	-16.36%	-22.68%	-33.83%	-24.84%	-10.06%	-3.56%
EBITDA Growth	81.63%	181.01%	80.99%	14.36%	3.17%	-29.66%	-35.31%	-46.83%	-33.55%	-6.73%	-9.37%
EBIT Growth	45.52%	864.27%	199.25%	22.66%	4.24%	-41.88%	-48.23%	-66.06%	-48.50%	-9.95%	-16.17%
NOPAT Growth	47.16%	1,321.11%	220.78%	23.97%	18.09%	-43.85%	-47.86%	-64.54%	-51.11%	-4.67%	-16.42%
Net Income Growth	48.81%	1,136.97%	243.29%	24.82%	17.09%	-46.76%	-51.87%	-69.09%	-55.28%	-4.08%	-15.43%
EPS Growth	6.67%	2,657.14%	254.72%	28.86%	20.83%	-43.58%	-50.53%	-68.23%	-54.60%	-5.94%	-16.13%
Operating Cash Flow Growth	98.06%	22.18%	64.21%	-11.48%	-8.45%	3.30%	-19.02%	-25.31%	-25.16%	-11.49%	-1.06%
Free Cash Flow Firm Growth	-2,830.91%	107.80%	105.88%	104.28%	102.27%	-74.23%	-53.48%	-7.86%	157.49%	212.27%	152.42%
Invested Capital Growth	161.36%	-2.61%	-1.16%	-0.12%	0.90%	0.03%	-0.41%	-1.49%	-2.37%	-2.79%	-3.20%
Revenue Q/Q Growth	4.64%	4.43%	0.06%	0.41%	-5.71%	-11.70%	-7.50%	-14.08%	7.09%	5.67%	-0.82%
EBITDA Q/Q Growth	-1.86%	12.71%	2.80%	0.57%	-11.47%	-23.15%	-5.45%	-17.34%	10.64%	7.87%	-8.12%
EBIT Q/Q Growth	-3.33%	21.63%	2.91%	1.38%	-17.85%	-32.19%	-8.34%	-33.53%	24.66%	18.57%	-14.68%
NOPAT Q/Q Growth	-3.53%	24.82%	2.84%	0.12%	-8.11%	-40.65%	-4.51%	-31.92%	26.72%	15.72%	-16.28%
Net Income Q/Q Growth	-4.38%	25.00%	2.70%	1.68%	-10.29%	-43.17%	-7.16%	-34.68%	29.77%	21.89%	-18.15%
EPS Q/Q Growth	-3.36%	24.31%	5.03%	2.13%	-9.38%	-41.95%	-7.92%	-34.41%	29.51%	20.25%	-17.89%
Operating Cash Flow Q/Q Growth	2.13%	-7.89%	22.36%	-23.09%	5.63%	3.92%	-4.08%	-29.06%	5.84%	22.90%	7.23%
Free Cash Flow Firm Q/Q Growth	0.53%	108.48%	-28.55%	-29.00%	-47.25%	-3.71%	29.01%	40.62%	47.40%	16.78%	4.28%
Invested Capital Q/Q Growth	-0.60%	0.43%	-0.33%	0.39%	0.41%	-0.43%	-0.77%	-0.71%	-0.48%	-0.86%	-1.19%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	65.70%	65.98%	65.37%	65.72%	63.76%	60.62%	58.66%	54.66%	56.71%	57.96%	59.03%
EBITDA Margin	47.47%	51.24%	52.64%	52.73%	49.51%	43.09%	44.04%	42.37%	43.77%	44.68%	41.39%
Operating Margin	28.72%	33.95%	34.80%	34.58%	30.21%	23.35%	23.32%	17.88%	21.25%	23.31%	20.28%
EBIT Margin	28.85%	33.60%	34.56%	34.90%	30.40%	23.35%	23.14%	17.90%	20.83%	23.38%	20.11%
Profit (Net Income) Margin	24.08%	28.83%	29.59%	29.96%	28.51%	18.35%	18.42%	14.00%	16.96%	19.57%	16.15%
Tax Burden Percent	88.33%	89.33%	89.57%	89.86%	100.25%	87.17%	90.13%	93.11%	92.73%	92.59%	89.84%
Interest Burden Percent	94.50%	96.03%	95.58%	95.55%	93.53%	90.15%	88.31%	84.00%	87.81%	90.40%	89.38%
Effective Tax Rate	11.67%	10.67%	10.43%	10.14%	-0.25%	12.83%	9.87%	6.89%	7.27%	7.41%	10.16%
Return on Invested Capital (ROIC)	9.85%	8.65%	9.41%	9.62%	9.36%	6.03%	5.88%	4.22%	4.63%	4.96%	4.19%
ROIC Less NNEP Spread (ROIC-NNEP)	8.89%	7.66%	8.31%	8.89%	8.32%	5.04%	4.65%	3.21%	3.52%	4.09%	3.24%
Return on Net Nonoperating Assets (RNNOA)	1.51%	1.00%	1.05%	1.22%	1.21%	0.77%	0.68%	0.51%	0.56%	0.65%	0.48%
Return on Equity (ROE)	11.36%	9.66%	10.46%	10.84%	10.57%	6.80%	6.57%	4.73%	5.20%	5.61%	4.68%
Cash Return on Invested Capital (CROIC)	-81.38%	9.55%	9.82%	9.26%	8.60%	8.42%	7.74%	7.27%	7.00%	7.40%	7.65%
Operating Return on Assets (OROA)	8.90%	7.87%	8.57%	8.95%	7.83%	5.80%	5.43%	3.81%	4.13%	4.54%	3.90%
Return on Assets (ROA)	7.43%	6.75%	7.34%	7.69%	7.34%	4.56%	4.32%	2.98%	3.36%	3.80%	3.13%
Return on Common Equity (ROCE)	11.36%	9.66%	10.46%	10.84%	10.57%	6.80%	6.57%	4.73%	5.20%	5.61%	4.68%
Return on Equity Simple (ROE_SIMPLE)	5.15%	0.00%	9.39%	10.06%	10.45%	0.00%	7.92%	6.07%	4.70%	0.00%	4.46%
Net Operating Profit after Tax (NOPAT)	789	985	1,013	1,014	932	553	528	360	456	527	441
NOPAT Margin	25.37%	30.33%	31.17%	31.08%	30.29%	20.36%	21.02%	16.65%	19.70%	21.58%	18.22%
Net Nonoperating Expense Percent (NNEP)	0.97%	1.00%	1.10%	0.72%	1.04%	0.99%	1.24%	1.02%	1.11%	0.88%	0.95%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	1.24%	-	-	-	1.04%
Cost of Revenue to Revenue	34.30%	34.02%	34.63%	34.28%	36.24%	39.38%	41.34%	45.34%	43.29%	42.04%	40.97%
SG&A Expenses to Revenue	10.51%	10.36%	10.04%	9.94%	10.86%	10.64%	11.54%	11.31%	11.12%	11.35%	11.75%
R&D to Revenue	13.89%	12.96%	12.74%	12.74%	13.77%	14.97%	15.58%	16.44%	15.69%	15.51%	16.63%
Operating Expenses to Revenue	36.97%	32.03%	30.57%	31.14%	33.55%	37.27%	35.34%	36.77%	35.46%	34.66%	38.75%
Earnings before Interest and Taxes (EBIT)	897	1,091	1,123	1,139	935	634	581	386	482	571	487
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,476	1,664	1,711	1,720	1,523	1,170	1,107	915	1,012	1,092	1,003
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.35	1.97	2.32	2.47	2.72	2.21	2.65	2.80	2.93	3.18	3.00
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)	7.76	5.98	6.73	6.91	7.61	6.39	8.14	9.42	10.64	11.88	11.26
Price to Earnings (P/E)	45.63	26.16	24.68	24.54	26.04	23.73	33.43	46.07	62.33	68.46	67.24
Dividend Yield	1.75%	2.12%	1.83%	1.79%	1.66%	2.12%	1.82%	1.76%	1.71%	1.61%	1.74%
Earnings Yield	2.19%	3.82%	4.05%	4.08%	3.84%	4.21%	2.99%	2.17%	1.60%	1.46%	1.49%
Enterprise Value to Invested Capital (EV/IC)	2.20	1.85	2.16	2.27	2.48	2.04	2.42	2.55	2.67	2.90	2.76
Enterprise Value to Revenue (EV/Rev)	8.18	6.41	7.12	7.34	8.07	6.88	8.63	9.97	11.21	12.43	11.78
Enterprise Value to EBITDA (EV/EBITDA)	20.12	13.77	14.08	14.38	15.64	13.82	18.08	22.12	25.87	28.40	27.36
Enterprise Value to EBIT (EV/EBIT)	39.28	23.38	22.16	22.23	24.14	22.09	30.34	41.10	52.19	57.98	57.10
Enterprise Value to NOPAT (EV/NOPAT)	40.08	26.47	24.83	24.86	26.26	24.10	32.96	43.90	57.39	62.65	61.68
Enterprise Value to Operating Cash Flow (EV/OCF)	21.30	17.20	17.81	19.34	21.66	17.57	21.94	24.39	27.26	30.41	28.64
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	19.14	21.88	24.53	28.99	24.18	31.21	34.80	37.69	38.65	35.46
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.17	0.18	0.18	0.19	0.19	0.20	0.20	0.23	0.23	0.22	0.22
Long-Term Debt to Equity	0.17	0.18	0.18	0.18	0.18	0.17	0.17	0.19	0.19	0.19	0.19
Financial Leverage	0.17	0.13	0.13	0.14	0.15	0.15	0.15	0.16	0.16	0.16	0.15
Leverage Ratio	1.47	1.38	1.37	1.37	1.37	1.38	1.37	1.38	1.38	1.37	1.36
Compound Leverage Factor	1.39	1.32	1.31	1.31	1.29	1.24	1.21	1.16	1.21	1.24	1.22
Debt to Total Capital	14.58%	15.22%	15.19%	15.74%	16.28%	16.34%	16.43%	18.61%	18.72%	17.73%	17.75%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.59%	1.27%	2.46%	2.45%	3.34%	3.34%	2.22%	2.22%
Long-Term Debt to Total Capital	14.58%	15.22%	15.19%	15.15%	15.01%	13.88%	13.98%	15.27%	15.37%	15.52%	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	85.42%	84.78%	84.81%	84.26%	83.72%	83.66%	83.57%	81.39%	81.28%	82.27%	82.25%
Debt to EBITDA	1.38	1.17	1.03	1.02	1.06	1.13	1.27	1.71	1.93	1.84	1.88
Net Debt to EBITDA	1.05	0.91	0.77	0.84	0.88	0.98	1.03	1.21	1.32	1.27	1.20
Long-Term Debt to EBITDA	1.38	1.17	1.03	0.99	0.97	0.96	1.08	1.40	1.58	1.61	1.65
Debt to NOPAT	2.76	2.25	1.82	1.77	1.77	1.98	2.31	3.39	4.28	4.05	4.24
Net Debt to NOPAT	2.09	1.75	1.35	1.46	1.48	1.71	1.88	2.40	2.93	2.79	2.72
Long-Term Debt to NOPAT	2.76	2.25	1.82	1.70	1.63	1.68	1.96	2.78	3.51	3.55	3.71
Altman Z-Score	4.33	3.73	4.35	4.61	5.02	4.19	5.01	4.93	5.19	5.74	5.49
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	1.92	2.02	2.12	1.79	1.71	1.37	1.51	1.58	1.69	1.84	1.93
Quick Ratio	1.34	1.34	1.36	1.06	0.98	0.76	0.86	1.02	1.14	1.24	1.32
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-24,750	2,098	1,499	1,064	561	541	697	981	1,446	1,688	1,760
Operating Cash Flow to CapEx	756.80%	377.44%	798.32%	380.39%	351.99%	249.23%	510.74%	429.28%	555.62%	635.28%	756.36%
Free Cash Flow to Firm to Interest Expense	-483.51	43.98	24.80	16.83	8.10	7.55	9.04	12.72	16.97	20.39	23.39
Operating Cash Flow to Interest Expense	24.38	24.09	23.26	17.10	16.47	16.58	14.76	10.48	10.04	12.69	14.97
Operating Cash Flow Less CapEx to Interest Expense	21.16	17.71	20.35	12.60	11.79	9.93	11.87	8.04	8.23	10.69	12.99
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.31	0.23	0.25	0.26	0.26	0.25	0.23	0.21	0.20	0.19	0.19
Accounts Receivable Turnover	8.66	7.37	7.70	7.98	7.64	7.53	8.19	7.99	7.07	6.72	7.82
Inventory Turnover	4.94	3.45	3.47	3.24	3.06	2.91	2.82	2.69	2.61	2.62	2.64
Fixed Asset Turnover	6.62	5.49	5.51	5.32	5.03	4.38	3.98	3.40	3.07	2.84	2.81
Accounts Payable Turnover	11.33	8.74	8.91	8.65	7.90	8.24	9.31	8.48	8.09	8.25	10.43
Days Sales Outstanding (DSO)	42.16	49.51	47.39	45.72	47.75	48.50	44.59	45.71	51.61	54.32	46.70
Days Inventory Outstanding (DIO)	73.92	105.90	105.31	112.57	119.09	125.37	129.30	135.81	140.04	139.38	138.15
Days Payable Outstanding (DPO)	32.22	41.77	40.97	42.18	46.23	44.31	39.21	43.07	45.10	44.23	35.00
Cash Conversion Cycle (CCC)	83.87	113.65	111.74	116.11	120.62	129.56	134.68	138.45	146.55	149.47	149.85
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	41,366	41,543	41,404	41,565	41,737	41,556	41,235	40,944	40,747	40,395	39,916
Invested Capital Turnover	0.39	0.29	0.30	0.31	0.31	0.30	0.28	0.25	0.24	0.23	0.23
Increase / (Decrease) in Invested Capital	25,539	-1,113	-486	-50	370	12	-169	-621	-990	-1,161	-1,319
Enterprise Value (EV)	90,886	76,968	89,513	94,485	103,539	84,633	99,816	104,301	108,750	117,168	110,006
Market Capitalization	86,158	71,890	84,640	88,933	97,705	78,642	94,129	98,606	103,193	111,949	105,160
Book Value per Share	$70.49	$70.90	$71.73	$71.19	$71.60	$71.37	$71.70	$71.08	$70.92	$70.85	$70.66
Tangible Book Value per Share	($7.78)	($7.22)	($6.18)	($6.25)	($5.53)	($5.34)	($4.51)	($4.23)	($3.46)	($2.66)	($2.13)
Total Capital	42,891	43,014	43,075	42,743	42,886	42,514	42,539	43,307	43,293	42,758	42,637
Total Debt	6,253	6,549	6,543	6,729	6,982	6,949	6,990	8,059	8,102	7,582	7,567
Total Long-Term Debt	6,253	6,549	6,543	6,476	6,438	5,902	5,947	6,612	6,656	6,634	6,619
Net Debt	4,728	5,078	4,873	5,552	5,833	5,991	5,687	5,695	5,557	5,219	4,845
Capital Expenditures (CapEx)	165	305	176	284	325	476	223	188	154	165	149
Debt-free, Cash-free Net Working Capital (DFCFNWC)	724	1,025	1,057	1,175	1,400	1,271	1,233	979	1,117	1,081	989
Debt-free Net Working Capital (DFNWC)	2,249	2,495	2,728	2,352	2,549	2,229	2,536	3,343	3,663	3,444	3,710
Net Working Capital (NWC)	2,249	2,495	2,728	2,099	2,004	1,183	1,493	1,896	2,216	2,496	2,762
Net Nonoperating Expense (NNE)	40	49	51	36	55	55	65	57	63	49	50
Net Nonoperating Obligations (NNO)	4,728	5,078	4,873	5,552	5,833	5,991	5,687	5,695	5,557	5,219	4,845
Total Depreciation and Amortization (D&A)	579	573	587	582	588	536	525	528	530	520	516
Debt-free, Cash-free Net Working Capital to Revenue	6.52%	8.53%	8.41%	9.13%	10.90%	10.33%	10.66%	9.36%	11.52%	11.46%	10.59%
Debt-free Net Working Capital to Revenue	20.25%	20.77%	21.69%	18.28%	19.86%	18.12%	21.92%	31.95%	37.76%	36.53%	39.74%
Net Working Capital to Revenue	20.25%	20.77%	21.69%	16.31%	15.61%	9.61%	12.90%	18.12%	22.85%	26.48%	29.58%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.45	$1.81	$1.90	$1.94	$1.75	$1.01	$0.93	$0.61	$0.79	$0.97	$0.79
Adjusted Weighted Average Basic Shares Outstanding	517.01M	519.23M	507.12M	504.72M	500.02M	502.23M	495.77M	496.13M	496.34M	496.17M	496.12M
Adjusted Diluted Earnings per Share	$1.44	$1.79	$1.88	$1.92	$1.74	$1.01	$0.93	$0.61	$0.79	$0.95	$0.78
Adjusted Weighted Average Diluted Shares Outstanding	520.55M	523.18M	511.18M	508.73M	503.50M	505.96M	498.74M	498.53M	498.79M	498.70M	498.67M
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	514.34M	509.30M	505.85M	501.42M	498.31M	496.26M	495.91M	496.22M	496.49M	496.30M	495.98M
Normalized Net Operating Profit after Tax (NOPAT)	911	1,012	1,013	1,035	667	652	543	365	467	530	499
Normalized NOPAT Margin	29.30%	31.15%	31.17%	31.71%	21.68%	24.02%	21.60%	16.91%	20.20%	21.69%	20.58%
Pre Tax Income Margin	27.27%	32.27%	33.03%	33.34%	28.44%	21.05%	20.43%	15.03%	18.29%	21.13%	17.98%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	17.53	22.88	18.58	18.00	13.49	8.86	7.54	5.01	5.66	6.90	6.48
NOPAT to Interest Expense	15.41	20.64	16.75	16.03	13.44	7.72	6.85	4.66	5.35	6.37	5.86
EBIT Less CapEx to Interest Expense	14.31	16.49	15.66	13.51	8.81	2.21	4.65	2.57	3.85	4.90	4.50
NOPAT Less CapEx to Interest Expense	12.19	14.26	13.84	11.54	8.76	1.07	3.96	2.22	3.54	4.37	3.89
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	80.80%	56.19%	45.70%	44.28%	43.74%	50.66%	61.07%	81.32%	106.71%	109.80%	116.74%
Augmented Payout Ratio	284.97%	149.95%	137.70%	141.73%	132.01%	140.08%	149.49%	154.17%	166.54%	147.44%	154.83%

Frequently Asked Questions About Analog Devices' Financials

When does Analog Devices's financial year end?

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

How has Analog Devices' net income changed over the last 9 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 $696.88 million in 2015. The previous period was $3.31 billion in 2023. See where experts think Analog Devices is headed by visiting Analog Devices' forecast page.

What is Analog Devices's operating income?

Analog Devices's 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 9 years?

Over the last 9 years, Analog Devices' total revenue changed from $3.44 billion in 2015 to $9.43 billion in 2024, a change of 174.4%.

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 557.3% increase since 2015.

How much cash does Analog Devices have?

In the past 9 years, Analog Devices' cash and equivalents has ranged from $648.32 million in 2019 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 9 years?

Over the last 9 years, Analog Devices' book value per share changed from 16.16 in 2015 to 70.85 in 2024, a change of 338.3%.

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This page (NASDAQ:ADI) was last updated on 5/7/2025 by MarketBeat.com Staff

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Analog Devices (ADI) Financials

Frequently Asked Questions About Analog Devices' Financials

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Analog Devices (ADI) Financials

Annual Income Statements for Analog Devices

Quarterly Income Statements for Analog Devices

Annual Cash Flow Statements for Analog Devices

Quarterly Cash Flow Statements for Analog Devices

Annual Balance Sheets for Analog Devices

Quarterly Balance Sheets for Analog Devices

Annual Metrics and Ratios for Analog Devices

Quarterly Metrics and Ratios for Analog Devices

Frequently Asked Questions About Analog Devices' Financials

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