Qorvo (QRVO) Financials

$74.60 -1.50 (-1.97%)

Closing price 05/23/2025 04:00 PM Eastern

Extended Trading

$75.09 +0.49 (+0.66%)

As of 05/23/2025 04:29 PM Eastern

Annual Income Statements for Qorvo

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	3/30/2024	4/1/2023	4/2/2022	4/3/2021	3/28/2020	3/30/2019	3/31/2018	4/1/2017	4/2/2016	3/28/2015
Net Income / (Loss) Attributable to Common Shareholders	-70	103	1,033	734	334	133	-40	-17	-29	196
Consolidated Net Income / (Loss)	-70	103	1,033	734	334	133	-40	-17	-29	196
Net Income / (Loss) Continuing Operations	-70	103	1,033	734	334	133	-40	-17	-29	196
Total Pre-Tax Income	74	125	1,181	807	395	92	17	27	-2.86	121
Total Operating Income	92	183	1,226	907	423	216	70	88	12	122
Total Gross Profit	1,488	1,297	2,286	1,884	1,322	1,195	1,147	1,136	1,050	689
Total Revenue	3,770	3,569	4,646	4,015	3,239	3,090	2,974	3,033	2,611	1,711
Operating Revenue	3,770	3,569	4,646	4,015	3,239	3,090	2,974	3,033	2,611	1,711
Total Cost of Revenue	2,281	2,272	2,360	2,132	1,917	1,895	1,827	1,897	1,561	1,022
Operating Cost of Revenue	2,281	2,272	2,360	2,132	1,917	1,895	1,827	1,897	1,561	1,022
Total Operating Expenses	1,397	1,114	1,060	977	899	979	1,077	1,047	1,038	567
Selling, General & Admin Expense	493	452	388	407	414	528	632	546	534	250
Research & Development Expense	682	650	624	570	484	450	445	471	449	257
Impairment Charge	221	12	48	-	-	-	-	-	-	-
Total Other Income / (Expense), net	-18	-59	-45	-99	-28	-125	-53	-61	-15	-1.23
Interest Expense	69	68	63	75	60	44	60	59	23	1.42
Other Income / (Expense), net	51	9.92	18	-24	32	-81	-0.61	-3.09	6.42	-0.25
Income Tax Expense	144	21	148	74	61	-41	57	44	26	-75
Basic Earnings per Share	($0.72)	$1.01	$9.38	$6.43	$2.86	$1.07	($0.32)	($0.13)	($0.20)	$2.17
Weighted Average Basic Shares Outstanding	97.56M	102.21M	110.20M	114.03M	117.01M	124.53M	126.95M	127.12M	141.94M	90.48M
Diluted Earnings per Share	($0.72)	$1.00	$9.26	$6.32	$2.80	$1.05	($0.32)	($0.13)	($0.20)	$2.11
Weighted Average Diluted Shares Outstanding	97.56M	103.02M	111.55M	116.02M	119.29M	127.36M	126.95M	127.12M	141.94M	93.21M
Weighted Average Basic & Diluted Shares Outstanding	95.63M	98.74M	106.03M	112.59M	114.73M	124.40M	125.90M	127.40M	144.20M	90.50M

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

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022	7/2/2022
Net Income / (Loss) Attributable to Common Shareholders	41	-17	0.41	2.74	-127	97	-44	-138	-16	189	69
Consolidated Net Income / (Loss)	41	-17	0.41	2.74	-127	97	-44	-138	-16	189	69
Net Income / (Loss) Continuing Operations	41	-17	0.41	2.74	-127	97	-44	-138	-16	189	69
Total Pre-Tax Income	49	2.50	-0.72	30	-44	140	-52	-199	-2.78	247	80
Total Operating Income	53	9.68	4.61	30	-42	151	-48	-189	8.73	262	102
Total Gross Profit	391	445	332	382	388	490	229	115	268	539	375
Total Revenue	916	1,047	887	941	1,074	1,103	651	633	743	1,158	1,035
Operating Revenue	916	1,047	887	941	1,074	1,103	651	633	743	1,158	1,035
Total Cost of Revenue	525	601	554	559	686	614	422	518	475	619	660
Operating Cost of Revenue	525	601	554	559	686	614	422	518	475	619	660
Total Operating Expenses	338	436	328	352	429	338	277	304	259	277	273
Selling, General & Admin Expense	159	138	140	-49	92	115	114	128	110	109	105
Research & Development Expense	179	201	188	180	164	175	163	164	149	168	169
Impairment Charge	0.00	96	-	-	173	48	-	-	-	-	-
Total Other Income / (Expense), net	-4.13	-7.17	-5.33	-0.46	-2.22	-12	-3.55	-10	-12	-15	-22
Interest Expense	19	23	17	17	18	17	17	17	17	17	17
Other Income / (Expense), net	15	15	12	17	15	5.21	14	7.21	5.56	2.21	-5.06
Income Tax Expense	7.63	20	-1.14	27	83	42	-8.10	-61	13	58	11
Basic Earnings per Share	$0.44	($0.18)	$0.00	$0.03	($1.31)	$1.00	($0.44)	($1.31)	($0.16)	$1.83	$0.65
Weighted Average Basic Shares Outstanding	94.34M	94.89M	95.47M	97.56M	97.15M	97.95M	98.51M	102.21M	100.94M	102.93M	105.17M
Diluted Earnings per Share	$0.43	($0.18)	$0.00	$0.04	($1.31)	$0.99	($0.44)	($1.31)	($0.16)	$1.82	$0.65
Weighted Average Diluted Shares Outstanding	95.03M	94.89M	96.51M	97.56M	97.15M	98.59M	98.51M	103.02M	100.94M	103.67M	106.08M
Weighted Average Basic & Diluted Shares Outstanding	93.40M	94.53M	94.86M	95.63M	96.55M	97.35M	97.91M	98.74M	99.89M	101.39M	103.20M

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	3/30/2024	4/1/2023	4/2/2022	4/3/2021	3/28/2020	3/30/2019	3/31/2018	4/1/2017	4/2/2016	3/28/2015
Net Change in Cash & Equivalents	240	-164	-426	683	4.23	-215	381	120	126	128
Net Cash From Operating Activities	833	843	1,049	1,302	946	810	853	777	688	306
Net Cash From Continuing Operating Activities	833	843	1,049	1,302	946	810	853	777	688	306
Net Income / (Loss) Continuing Operations	-70	103	1,033	734	334	133	-40	-17	-29	196
Consolidated Net Income / (Loss)	-70	103	1,033	734	334	133	-40	-17	-29	196
Depreciation Expense	193	206	211	203	222	209	174	210	180	74
Amortization Expense	128	132	150	253	247	454	540	495	495	144
Non-Cash Adjustments To Reconcile Net Income	414	345	132	157	51	178	113	89	136	60
Changes in Operating Assets and Liabilities, net	168	56	-477	-44	91	-164	64	-0.01	-94	-168
Net Cash From Investing Activities	-136	-153	-596	-219	-1,106	-248	-277	-490	-279	-64
Net Cash From Continuing Investing Activities	-136	-153	-596	-219	-1,106	-248	-277	-490	-279	-64
Purchase of Property, Plant & Equipment	-127	-159	-213	-187	-164	-221	-270	-553	-316	-170
Acquisitions	-83	-0.10	-389	-47	-946	0.00	0.00	-118	0.00	224
Sale of Property, Plant & Equipment	50	1.85	0.90	-	-	-	-	-	-	-
Other Investing Activities, net	24	3.79	5.75	15	4.41	-27	-7.57	-5.98	-13	8.15
Net Cash From Financing Activities	-460	-853	-876	-402	166	-777	-197	-166	-283	-113
Net Cash From Continuing Financing Activities	-460	-853	-876	-402	166	-777	-197	-166	-283	-113
Repayment of Debt	-69	-0.69	-207	-1,098	-6.72	-1,060	-110	0.00	-189	-88
Repurchase of Common Equity	-400	-862	-1,152	-515	-515	-638	-220	-209	-1,300	-51
Issuance of Debt	0.00	0.00	499	1,207	659	905	100	0.08	1,175	0.00
Issuance of Common Equity	37	33	38	43	50	41	57	59	52	46
Other Financing Activities, net	-27	-23	-53	-39	-22	-25	-25	-16	-21	-20
Other Net Changes in Cash	3.17	-0.33	-3.28	1.43	-1.23	-1.17	-	-	-	-
Cash Interest Paid	55	66	59	81	49	56	70	71	2.16	0.93
Cash Income Taxes Paid	103	106	125	53	56	69	41	53	35	35

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

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022	7/2/2022
Net Change in Cash & Equivalents	-327	14	33	-43	385	-38	-65	-110	7.19	53	-114
Net Cash From Operating Activities	214	128	81	202	493	93	45	65	237	267	273
Net Cash From Continuing Operating Activities	214	128	81	202	493	93	45	65	237	267	273
Net Income / (Loss) Continuing Operations	41	-17	0.41	2.74	-127	97	-44	-138	-16	189	69
Consolidated Net Income / (Loss)	41	-17	0.41	2.74	-127	97	-44	-138	-16	189	69
Depreciation Expense	41	40	41	46	48	49	50	51	51	52	52
Amortization Expense	32	36	35	36	31	30	31	33	33	33	34
Non-Cash Adjustments To Reconcile Net Income	28	135	42	31	195	105	20	261	17	32	35
Changes in Operating Assets and Liabilities, net	71	-65	-38	87	346	-189	-13	-141	152	-38	83
Net Cash From Investing Activities	-7.07	-35	-17	-113	0.90	-20	-3.94	-36	-33	-45	-39
Net Cash From Continuing Investing Activities	-7.07	-35	-17	-113	0.90	-20	-3.94	-36	-33	-45	-39
Purchase of Property, Plant & Equipment	-38	-33	-38	-33	-26	-29	-39	-34	-34	-47	-43
Sale of Property, Plant & Equipment	0.98	1.30	0.12	2.10	0.15	5.59	42	1.27	0.25	0.22	0.11
Other Investing Activities, net	30	-3.11	-35	0.41	27	2.76	-6.18	-3.12	1.07	1.39	4.45
Net Cash From Financing Activities	-532	-80	-30	-132	-114	-109	-105	-139	-201	-167	-346
Net Cash From Continuing Financing Activities	-532	-80	-30	-132	-114	-109	-105	-139	-201	-167	-346
Repayment of Debt	-421	-3.36	-34	-41	-18	-0.03	-9.82	-0.27	-0.04	-0.20	-0.18
Repurchase of Common Equity	-100	-81	-125	-100	-100	-100	-100	-150	-202	-160	-350
Issuance of Common Equity	3.35	12	9.51	11	5.32	11	10	12	1.29	11	9.01
Other Financing Activities, net	-14	-6.51	120	-0.79	-0.85	-20	-5.35	-0.73	-0.67	-17	-4.74
Effect of Exchange Rate Changes	-2.35	0.75	-1.22	-	4.84	-1.23	-0.28	-	-	-	-

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	3/30/2024	4/1/2023	4/2/2022	4/3/2021	3/28/2020	3/30/2019	3/31/2018	4/1/2017	4/2/2016	3/28/2015
Total Assets	6,555	6,692	7,509	7,221	6,561	5,808	6,382	6,522	6,597	6,892
Total Current Assets	2,446	2,030	2,450	2,484	1,691	1,685	1,844	1,462	1,509	1,500
Cash & Equivalents	1,029	809	973	1,398	715	711	926	545	426	300
Accounts Receivable	427	331	601	485	382	400	391	423	364	380
Inventories, net	711	797	756	508	517	512	472	430	428	347
Prepaid Expenses	41	47	50	42	38	26	24	36	64	52
Other Current Assets	79	47	71	52	38	36	31	26	41	27
Other Current Nonoperating Assets	159	0.00	-	-	-	-	-	-	-	-
Plant, Property, & Equipment, net	871	1,150	1,254	1,266	1,259	1,367	1,374	1,392	1,047	883
Total Noncurrent Assets	3,238	3,512	3,806	3,472	3,611	2,757	3,164	3,669	4,041	4,509
Long-Term Investments	23	20	31	35	23	98	64	35	26	4.08
Goodwill	2,535	2,761	2,776	2,643	2,614	2,174	2,174	2,174	2,136	2,141
Intangible Assets	509	538	675	611	809	408	860	1,401	1,813	2,307
Other Noncurrent Operating Assets	170	193	324	182	165	77	66	59	66	57
Total Liabilities & Shareholders' Equity	6,555	6,692	7,509	7,221	6,561	5,808	6,382	6,522	6,597	6,892
Total Liabilities	2,998	2,789	2,956	2,592	2,268	1,448	1,606	1,626	1,597	719
Total Current Liabilities	1,230	556	675	682	539	436	441	419	374	325
Short-Term Debt	439	0.31	-	-	6.89	0.08	-	-	-	-
Accounts Payable	253	211	328	314	247	233	213	216	205	182
Accrued Expenses	337	222	240	255	218	161	167	171	138	132
Other Current Liabilities	113	122	107	113	67	42	61	32	31	11
Other Current Nonoperating Liabilities	88	0.00	-	-	-	-	-	-	-	-
Total Noncurrent Liabilities	1,768	2,233	2,281	1,910	1,729	1,013	1,165	1,207	1,223	394
Long-Term Debt	1,549	2,048	2,047	1,743	1,567	921	983	989	988	0.00
Other Noncurrent Operating Liabilities	219	185	234	168	162	92	118	86	83	84
Total Equity & Noncontrolling Interests	3,556	3,903	4,553	4,629	4,293	4,360	4,776	4,897	5,000	6,173
Total Preferred & Common Equity	3,556	3,903	4,553	4,629	4,293	4,360	4,776	4,897	5,000	6,173
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	3,556	3,903	4,553	4,629	4,293	4,360	4,776	4,897	5,000	6,173
Common Stock	3,651	3,821	4,036	4,245	4,290	4,687	5,237	5,357	5,443	6,584
Retained Earnings	-90	84	512	355	0.00	-321	-459	-456	-440	-411
Accumulated Other Comprehensive Income / (Loss)	-5.10	-3.18	5.23	30	2.29	-6.62	-2.75	-4.31	-3.13	-0.12

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

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022	7/2/2022
Total Assets	5,963	6,503	6,447	6,555	6,699	6,719	6,687	6,692	7,076	7,375	7,331
Total Current Assets	2,097	2,532	2,378	2,446	2,428	2,263	2,088	2,030	2,258	2,521	2,372
Cash & Equivalents	769	1,096	1,082	1,029	1,072	707	744	809	919	912	859
Accounts Receivable	439	594	440	427	515	621	327	331	398	669	556
Inventories, net	656	694	727	711	727	840	917	797	857	841	847
Prepaid Expenses	38	38	30	41	40	49	49	47	46	48	50
Other Current Assets	78	110	99	79	75	46	49	47	37	52	61
Other Current Nonoperating Assets	116	0.00	0.00	159	-	-	-	0.00	-	-	-
Plant, Property, & Equipment, net	821	847	867	871	1,039	1,061	1,088	1,150	1,192	1,223	1,234
Total Noncurrent Assets	3,045	3,124	3,202	3,238	3,232	3,394	3,511	3,512	3,627	3,631	3,724
Long-Term Investments	26	25	26	23	25	26	27	20	24	29	28
Goodwill	2,437	2,438	2,533	2,535	2,540	2,708	2,761	2,761	2,770	2,757	2,767
Intangible Assets	332	446	474	509	500	473	507	538	567	586	630
Other Noncurrent Operating Assets	250	216	170	170	166	187	216	193	265	258	299
Total Liabilities & Shareholders' Equity	5,963	6,503	6,447	6,555	6,699	6,719	6,687	6,692	7,076	7,375	7,331
Total Liabilities	2,583	3,093	2,961	2,998	3,061	2,901	2,874	2,789	2,912	3,053	3,030
Total Current Liabilities	808	1,334	1,217	1,230	1,280	672	639	556	614	764	718
Short-Term Debt	0.00	412	412	439	480	-	-	0.31	-	-	-
Accounts Payable	283	322	304	253	283	275	294	211	225	322	328
Accrued Expenses	268	354	300	337	327	304	264	222	239	299	249
Other Current Liabilities	227	246	200	113	190	93	80	122	149	143	142
Other Current Nonoperating Liabilities	29	0.00	0.00	88	-	-	-	0.00	-	-	-
Total Noncurrent Liabilities	1,775	1,759	1,745	1,768	1,781	2,229	2,235	2,233	2,298	2,288	2,311
Long-Term Debt	1,549	1,549	1,549	1,549	1,550	2,049	2,048	2,048	2,048	2,047	2,047
Other Noncurrent Operating Liabilities	226	210	195	219	230	181	187	185	250	241	264
Total Equity & Noncontrolling Interests	3,380	3,410	3,486	3,556	3,638	3,817	3,812	3,903	4,165	4,322	4,301
Total Preferred & Common Equity	3,380	3,410	3,486	3,556	3,638	3,817	3,812	3,903	4,165	4,322	4,301
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	3,380	3,410	3,486	3,556	3,638	3,817	3,812	3,903	4,165	4,322	4,301
Common Stock	3,456	3,516	3,581	3,651	3,731	3,796	3,816	3,821	3,860	3,916	3,962
Retained Earnings	-65	-107	-89	-90	-92	35	0.00	84	316	448	356
Accumulated Other Comprehensive Income / (Loss)	-10	1.15	-6.03	-5.10	0.10	-14	-4.04	-3.18	-11	-42	-18

This table displays calculated financial ratios and metrics derived from Qorvo's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	3/30/2024	4/1/2023	4/2/2022	4/3/2021	3/28/2020	3/30/2019	3/31/2018	4/1/2017	4/2/2016	3/28/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.61%	-23.17%	15.70%	23.96%	4.82%	3.93%	-1.95%	16.16%	52.59%	49.01%
EBITDA Growth	-12.82%	-66.87%	19.96%	44.81%	15.72%	1.91%	-0.72%	13.87%	103.93%	211.75%
EBIT Growth	-26.04%	-84.48%	41.00%	93.77%	235.52%	94.84%	-18.00%	362.16%	-84.96%	311.81%
NOPAT Growth	-157.83%	-85.87%	30.22%	130.03%	14.08%	290.09%	-209.27%	-737.41%	-95.78%	1,269.52%
Net Income Growth	-168.17%	-90.02%	40.86%	119.43%	151.14%	430.43%	-143.31%	42.60%	-114.69%	1,452.78%
EPS Growth	-172.00%	-89.20%	46.52%	125.71%	166.67%	428.13%	-146.15%	35.00%	-109.48%	1,072.22%
Operating Cash Flow Growth	-1.19%	-19.63%	-19.40%	37.67%	16.69%	-4.94%	9.74%	12.92%	125.09%	133.57%
Free Cash Flow Firm Growth	-2.05%	50.97%	-59.11%	438.88%	-148.98%	64.85%	4,105.23%	-103.26%	105.78%	-879.46%
Invested Capital Growth	-13.69%	-8.48%	13.32%	-3.72%	14.70%	-6.23%	-10.10%	-0.83%	-4.90%	990.41%
Revenue Q/Q Growth	8.91%	-13.00%	2.05%	7.64%	3.41%	0.50%	0.76%	1.17%	-1.02%	0.00%
EBITDA Q/Q Growth	95.15%	-45.95%	-2.04%	15.32%	2.34%	5.94%	-2.10%	-0.99%	19.10%	0.00%
EBIT Q/Q Growth	266.51%	-69.82%	-2.91%	31.32%	5.40%	267.74%	-8.38%	-29.27%	119.20%	0.00%
NOPAT Q/Q Growth	1.59%	-70.32%	-6.37%	38.81%	2.47%	271.74%	-278.13%	71.75%	112.08%	0.00%
Net Income Q/Q Growth	66.75%	-77.27%	-7.72%	51.18%	-3.22%	125.23%	-243.27%	82.87%	-1,668.52%	0.00%
EPS Q/Q Growth	65.22%	-76.58%	-6.18%	51.92%	-2.78%	123.40%	-252.38%	82.19%	58.33%	0.00%
Operating Cash Flow Q/Q Growth	19.66%	-24.96%	-5.16%	16.93%	2.94%	-8.12%	1.41%	12.67%	3.17%	53.72%
Free Cash Flow Firm Q/Q Growth	0.85%	-32.58%	-6.82%	166.13%	-337.19%	13.41%	-9.24%	88.85%	0.00%	0.00%
Invested Capital Q/Q Growth	-3.30%	-2.80%	-1.60%	-0.97%	7.43%	-1.75%	-4.73%	-0.31%	-1.45%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	39.49%	36.34%	49.21%	46.91%	40.81%	38.68%	38.57%	37.44%	40.20%	40.29%
EBITDA Margin	12.30%	14.90%	34.57%	33.34%	28.54%	25.85%	26.36%	26.04%	26.56%	19.87%
Operating Margin	2.43%	5.13%	26.39%	22.58%	13.07%	7.00%	2.36%	2.90%	0.46%	7.16%
EBIT Margin	3.79%	5.41%	26.79%	21.98%	14.06%	4.39%	2.34%	2.80%	0.70%	7.14%
Profit (Net Income) Margin	-1.87%	2.89%	22.24%	18.27%	10.32%	4.31%	-1.35%	-0.55%	-1.10%	11.47%
Tax Burden Percent	-95.60%	82.77%	87.49%	90.86%	84.62%	145.03%	-234.98%	-60.64%	1,007.86%	161.91%
Interest Burden Percent	51.51%	64.54%	94.91%	91.48%	86.74%	67.62%	24.61%	32.13%	-15.57%	99.21%
Effective Tax Rate	195.60%	17.23%	12.51%	9.14%	15.38%	-45.03%	334.98%	160.64%	0.00%	-61.91%
Return on Invested Capital (ROIC)	-1.84%	2.83%	20.36%	16.36%	7.46%	6.79%	-3.28%	-1.00%	0.15%	6.46%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.17%	-1.45%	14.54%	0.63%	2.44%	-335.39%	58.89%	8.72%	37.50%	7.02%
Return on Net Nonoperating Assets (RNNOA)	-0.05%	-0.39%	2.14%	0.08%	0.27%	-3.88%	2.45%	0.67%	-0.67%	-0.73%
Return on Equity (ROE)	-1.89%	2.44%	22.51%	16.44%	7.73%	2.91%	-0.83%	-0.33%	-0.52%	5.73%
Cash Return on Invested Capital (CROIC)	12.86%	11.68%	7.87%	20.15%	-6.24%	13.23%	7.36%	-0.17%	5.17%	-159.94%
Operating Return on Assets (OROA)	2.16%	2.72%	16.90%	12.81%	7.37%	2.23%	1.08%	1.30%	0.27%	3.13%
Return on Assets (ROA)	-1.06%	1.45%	14.03%	10.65%	5.41%	2.18%	-0.62%	-0.25%	-0.43%	5.03%
Return on Common Equity (ROCE)	-1.89%	2.44%	22.51%	16.44%	7.73%	2.91%	-0.83%	-0.33%	-0.52%	5.73%
Return on Equity Simple (ROE_SIMPLE)	-1.98%	2.64%	22.70%	15.85%	7.79%	3.05%	-0.84%	-0.34%	-0.58%	3.18%
Net Operating Profit after Tax (NOPAT)	-88	152	1,073	824	358	314	-165	-53	8.38	198
NOPAT Margin	-2.33%	4.25%	23.09%	20.52%	11.06%	10.16%	-5.55%	-1.76%	0.32%	11.59%
Net Nonoperating Expense Percent (NNEP)	-1.66%	4.28%	5.82%	15.74%	5.02%	342.18%	-62.17%	-9.73%	-37.35%	-0.56%
Cost of Revenue to Revenue	60.51%	63.67%	50.79%	53.09%	59.19%	61.33%	61.43%	62.56%	59.80%	59.71%
SG&A Expenses to Revenue	13.08%	12.65%	8.36%	10.12%	12.79%	17.09%	21.24%	17.99%	20.46%	14.61%
R&D to Revenue	18.10%	18.21%	13.42%	14.21%	14.96%	14.58%	14.97%	15.53%	17.19%	15.05%
Operating Expenses to Revenue	37.06%	31.20%	22.82%	24.33%	27.74%	31.67%	36.21%	34.54%	39.74%	33.13%
Earnings before Interest and Taxes (EBIT)	143	193	1,244	883	455	136	70	85	18	122
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	464	532	1,606	1,339	924	799	784	790	693	340
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.12	2.60	2.89	4.72	2.17	2.02	1.87	1.77	1.39	1.91
Price to Tangible Book Value (P/TBV)	21.64	16.79	11.95	15.88	10.74	4.95	5.12	6.56	6.63	6.82
Price to Revenue (P/Rev)	2.94	2.84	2.84	5.44	2.88	2.85	3.00	2.86	2.67	6.88
Price to Earnings (P/E)	0.00	98.36	12.75	29.78	27.92	66.16	0.00	0.00	0.00	59.96
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	1.02%	7.84%	3.36%	3.58%	1.51%	0.00%	0.00%	0.00%	1.67%
Enterprise Value to Invested Capital (EV/IC)	2.72	2.22	2.54	4.49	1.98	1.99	1.87	1.71	1.37	2.00
Enterprise Value to Revenue (EV/Rev)	3.19	3.18	3.06	5.52	3.14	2.89	2.99	2.99	2.80	6.56
Enterprise Value to EBITDA (EV/EBITDA)	25.92	21.37	8.85	16.55	11.00	11.17	11.36	11.50	10.55	33.00
Enterprise Value to EBIT (EV/EBIT)	84.19	58.86	11.43	25.11	22.33	65.71	127.81	106.83	397.97	91.82
Enterprise Value to NOPAT (EV/NOPAT)	0.00	74.97	13.26	26.90	28.40	28.41	0.00	0.00	873.41	56.59
Enterprise Value to Operating Cash Flow (EV/OCF)	14.43	13.48	13.55	17.02	10.76	11.01	10.45	11.69	10.64	36.72
Enterprise Value to Free Cash Flow (EV/FCFF)	19.60	18.15	34.28	21.84	0.00	14.60	24.02	0.00	25.79	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.56	0.52	0.45	0.38	0.37	0.21	0.21	0.20	0.20	0.00
Long-Term Debt to Equity	0.44	0.52	0.45	0.38	0.37	0.21	0.21	0.20	0.20	0.00
Financial Leverage	0.28	0.27	0.15	0.13	0.11	0.01	0.04	0.08	-0.02	-0.10
Leverage Ratio	1.78	1.68	1.60	1.54	1.43	1.33	1.33	1.33	1.21	1.14
Compound Leverage Factor	0.91	1.08	1.52	1.41	1.24	0.90	0.33	0.43	-0.19	1.13
Debt to Total Capital	35.86%	34.42%	31.02%	27.35%	26.83%	17.44%	17.07%	16.81%	16.50%	0.00%
Short-Term Debt to Total Capital	7.91%	0.01%	0.00%	0.00%	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	27.94%	34.41%	31.02%	27.35%	26.71%	17.44%	17.07%	16.81%	16.50%	0.00%
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	64.14%	65.58%	68.98%	72.65%	73.17%	82.56%	82.93%	83.19%	83.50%	100.00%
Debt to EBITDA	4.29	3.85	1.27	1.30	1.70	1.15	1.25	1.25	1.42	0.00
Net Debt to EBITDA	2.02	2.29	0.65	0.23	0.91	0.14	-0.01	0.52	0.50	0.00
Long-Term Debt to EBITDA	3.34	3.85	1.27	1.30	1.70	1.15	1.25	1.25	1.42	0.00
Debt to NOPAT	-22.68	13.51	1.91	2.12	4.40	2.93	-5.95	-18.52	117.95	0.00
Net Debt to NOPAT	-10.67	8.04	0.97	0.38	2.34	0.36	0.04	-7.64	41.71	0.00
Long-Term Debt to NOPAT	-17.67	13.51	1.91	2.12	4.38	2.93	-5.95	-18.52	117.95	0.00
Altman Z-Score	3.07	3.09	4.22	6.39	3.40	4.44	3.99	3.80	3.14	10.25
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.99	3.65	3.63	3.64	3.14	3.87	4.18	3.49	4.04	4.61
Quick Ratio	1.18	2.05	2.33	2.76	2.04	2.55	2.98	2.31	2.61	2.84
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	613	626	415	1,014	-299	611	371	-9.26	284	-4,910
Operating Cash Flow to CapEx	1,072.56%	536.73%	493.60%	696.33%	576.25%	366.79%	315.94%	140.55%	217.96%	179.92%
Free Cash Flow to Firm to Interest Expense	8.86	9.15	6.55	13.49	-4.96	13.90	6.23	-0.16	12.17	-3,455.55
Operating Cash Flow to Interest Expense	12.03	12.32	16.57	17.31	15.66	18.43	14.32	13.19	29.50	215.08
Operating Cash Flow Less CapEx to Interest Expense	10.91	10.02	13.21	14.83	12.94	13.41	9.79	3.81	15.97	95.54
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.57	0.50	0.63	0.58	0.52	0.51	0.46	0.46	0.39	0.44
Accounts Receivable Turnover	9.94	7.66	8.56	9.26	8.28	7.82	7.31	7.71	7.02	6.45
Inventory Turnover	3.03	2.93	3.73	4.16	3.73	3.85	4.05	4.42	4.03	4.32
Fixed Asset Turnover	3.73	2.97	3.69	3.18	2.47	2.26	2.15	2.49	2.71	3.17
Accounts Payable Turnover	9.84	8.44	7.35	7.60	7.98	8.49	8.51	9.00	8.05	7.79
Days Sales Outstanding (DSO)	36.72	47.66	42.65	39.40	44.08	46.70	49.96	47.36	51.97	56.56
Days Inventory Outstanding (DIO)	120.58	124.67	97.73	87.75	97.94	94.77	90.20	82.54	90.53	84.42
Days Payable Outstanding (DPO)	37.10	43.26	49.64	48.01	45.71	43.00	42.91	40.56	45.34	46.85
Cash Conversion Cycle (CCC)	120.21	129.07	90.74	79.14	96.31	98.47	97.25	89.34	97.16	94.13
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,421	5,122	5,597	4,939	5,129	4,472	4,769	5,305	5,349	5,624
Invested Capital Turnover	0.79	0.67	0.88	0.80	0.67	0.67	0.59	0.57	0.48	0.56
Increase / (Decrease) in Invested Capital	-701	-475	658	-191	657	-297	-536	-44	-275	5,109
Enterprise Value (EV)	12,022	11,365	14,219	22,158	10,171	8,920	8,905	9,078	7,317	11,222
Market Capitalization	11,087	10,146	13,176	21,848	9,335	8,808	8,911	8,670	6,968	11,771
Book Value per Share	$36.84	$39.07	$41.99	$40.87	$37.11	$35.51	$37.75	$38.72	$36.47	$41.58
Tangible Book Value per Share	$5.31	$6.05	$10.17	$12.14	$7.52	$14.48	$13.77	$10.46	$7.67	$11.62
Total Capital	5,544	5,951	6,600	6,372	5,867	5,281	5,759	5,886	5,988	6,173
Total Debt	1,988	2,048	2,047	1,743	1,574	921	983	989	988	0.00
Total Long-Term Debt	1,549	2,048	2,047	1,743	1,567	921	983	989	988	0.00
Net Debt	936	1,219	1,043	309	837	112	-6.51	408	349	-549
Capital Expenditures (CapEx)	78	157	213	187	164	221	270	553	316	170
Debt-free, Cash-free Net Working Capital (DFCFNWC)	625	666	802	404	443	538	476	497	523	630
Debt-free Net Working Capital (DFNWC)	1,655	1,474	1,775	1,802	1,158	1,249	1,403	1,043	1,135	1,175
Net Working Capital (NWC)	1,216	1,474	1,775	1,802	1,151	1,249	1,403	1,043	1,135	1,175
Net Nonoperating Expense (NNE)	-17	48	39	90	24	181	-125	-37	37	1.98
Net Nonoperating Obligations (NNO)	865	1,219	1,043	309	837	112	-6.51	408	349	-549
Total Depreciation and Amortization (D&A)	321	339	361	456	469	663	714	705	675	218
Debt-free, Cash-free Net Working Capital to Revenue	16.59%	18.65%	17.27%	10.07%	13.69%	17.42%	16.02%	16.40%	20.02%	36.83%
Debt-free Net Working Capital to Revenue	43.90%	41.31%	38.20%	44.88%	35.76%	40.43%	47.17%	34.39%	43.49%	68.66%
Net Working Capital to Revenue	32.26%	41.30%	38.20%	44.88%	35.55%	40.42%	47.17%	34.39%	43.49%	68.66%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.72)	$1.01	$9.38	$6.43	$2.86	$1.07	($0.32)	$0.00	($0.20)	$2.17
Adjusted Weighted Average Basic Shares Outstanding	97.56M	102.21M	110.20M	114.03M	117.01M	124.53M	126.95M	0.00	141.94M	90.48M
Adjusted Diluted Earnings per Share	($0.72)	$1.00	$9.26	$6.32	$2.80	$1.05	($0.32)	$0.00	($0.20)	$2.11
Adjusted Weighted Average Diluted Shares Outstanding	97.56M	103.02M	111.55M	116.02M	119.29M	127.36M	126.95M	0.00	141.94M	93.21M
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	95.63M	98.74M	106.03M	112.59M	114.73M	119.15M	126.49M	0.00	127.53M	149.43M
Normalized Net Operating Profit after Tax (NOPAT)	219	162	1,115	824	358	152	49	62	8.38	86
Normalized NOPAT Margin	5.81%	4.54%	23.99%	20.52%	11.06%	4.90%	1.65%	2.03%	0.32%	5.01%
Pre Tax Income Margin	1.95%	3.49%	25.42%	20.11%	12.20%	2.97%	0.58%	0.90%	-0.11%	7.09%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.06	2.82	19.65	11.74	7.54	3.09	1.17	1.44	0.79	86.00
NOPAT to Interest Expense	-1.27	2.21	16.94	10.95	5.93	7.14	-2.77	-0.91	0.36	139.54
EBIT Less CapEx to Interest Expense	0.94	0.53	16.29	9.25	4.82	-1.94	-3.36	-7.94	-12.75	-33.53
NOPAT Less CapEx to Interest Expense	-2.39	-0.08	13.58	8.47	3.21	2.12	-7.30	-10.29	-13.18	20.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-568.89%	835.42%	111.51%	70.21%	154.08%	479.30%	-545.84%	-1,264.39%	-4,506.88%	25.92%

This table displays calculated financial ratios and metrics derived from Qorvo's official financial filings.

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022	7/2/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-14.67%	-5.16%	36.17%	48.73%	44.48%	-4.71%	-37.11%	-45.74%	-33.28%	-7.74%	-6.75%
EBITDA Growth	168.51%	-57.11%	98.58%	231.83%	-46.53%	-32.30%	-74.47%	-127.50%	-74.81%	-23.67%	-54.79%
EBIT Growth	357.73%	-83.98%	147.56%	125.74%	-283.40%	-40.62%	-135.56%	-168.63%	-95.21%	-28.15%	-69.16%
NOPAT Growth	253.81%	-163.71%	109.57%	102.10%	-576.22%	-47.07%	-138.20%	-156.99%	-97.30%	-39.22%	-68.96%
Net Income Growth	132.51%	-117.89%	100.95%	101.98%	-696.80%	-48.33%	-163.27%	-165.21%	-107.37%	-40.91%	-75.88%
EPS Growth	132.82%	-118.18%	100.00%	103.05%	-718.75%	-45.60%	-167.69%	-166.84%	-108.21%	-35.92%	-74.10%
Operating Cash Flow Growth	-56.57%	37.46%	80.63%	209.19%	107.68%	-65.22%	-83.56%	-81.08%	102.94%	9.23%	-20.07%
Free Cash Flow Firm Growth	-14.75%	103.38%	122.79%	105.59%	57.53%	627.87%	251.22%	180.40%	189.40%	-34.06%	-218.08%
Invested Capital Growth	-11.48%	-17.20%	-14.73%	-13.69%	-13.23%	-5.44%	-6.81%	-8.48%	-7.35%	2.74%	6.05%
Revenue Q/Q Growth	-12.44%	18.03%	-5.77%	-12.37%	-2.69%	69.46%	2.92%	-14.88%	-35.82%	11.85%	-11.22%
EBITDA Q/Q Growth	39.73%	9.36%	-28.04%	144.20%	-77.68%	406.34%	147.77%	-199.04%	-71.74%	90.93%	-48.55%
EBIT Q/Q Growth	169.16%	53.30%	-65.02%	278.54%	-116.73%	555.08%	81.06%	-1,371.93%	-94.58%	172.50%	-63.45%
NOPAT Q/Q Growth	166.41%	-2,190.21%	16.06%	109.55%	-127.51%	413.93%	74.53%	-2,264.99%	-96.94%	126.56%	-62.00%
Net Income Q/Q Growth	336.71%	-4,311.35%	-84.86%	102.15%	-230.24%	323.64%	68.52%	-768.85%	-108.45%	173.82%	-67.55%
EPS Q/Q Growth	338.89%	0.00%	-100.00%	103.05%	-232.32%	325.00%	66.41%	-718.75%	-108.79%	180.00%	-66.84%
Operating Cash Flow Q/Q Growth	67.46%	57.67%	-59.93%	-58.95%	430.00%	107.20%	-31.41%	-72.43%	-11.24%	-2.05%	-21.07%
Free Cash Flow Firm Q/Q Growth	-30.16%	8.30%	6.99%	5.33%	66.63%	18.65%	-1.27%	-19.29%	669.90%	124.65%	47.51%
Invested Capital Q/Q Growth	-4.78%	-2.05%	-1.85%	-3.30%	-10.93%	0.87%	-0.64%	-2.80%	-2.93%	-0.59%	-2.43%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	42.72%	42.55%	37.48%	40.58%	36.12%	44.38%	35.18%	18.13%	36.06%	46.54%	36.24%
EBITDA Margin	15.43%	9.67%	10.43%	13.66%	4.90%	21.38%	7.16%	-15.42%	13.25%	30.09%	17.63%
Operating Margin	5.79%	0.92%	0.52%	3.19%	-3.87%	13.72%	-7.39%	-29.87%	1.17%	22.59%	9.84%
EBIT Margin	7.37%	2.40%	1.85%	4.97%	-2.44%	14.19%	-5.29%	-28.73%	1.92%	22.78%	9.35%
Profit (Net Income) Margin	4.50%	-1.67%	0.05%	0.29%	-11.82%	8.83%	-6.69%	-21.88%	-2.14%	16.29%	6.65%
Tax Burden Percent	84.41%	-696.56%	-57.26%	9.27%	289.87%	69.86%	84.33%	69.55%	574.09%	76.40%	86.60%
Interest Burden Percent	72.38%	9.97%	-4.42%	63.07%	167.08%	89.07%	150.15%	109.49%	-19.42%	93.59%	82.18%
Effective Tax Rate	15.59%	796.56%	0.00%	90.73%	0.00%	30.14%	0.00%	0.00%	0.00%	23.60%	13.40%
Return on Invested Capital (ROIC)	4.30%	-5.42%	0.31%	0.23%	-1.91%	5.68%	-3.12%	-13.93%	0.62%	14.41%	7.34%
ROIC Less NNEP Spread (ROIC-NNEP)	3.86%	-0.79%	0.05%	0.23%	-11.51%	5.00%	-3.94%	-14.47%	-1.46%	13.06%	5.01%
Return on Net Nonoperating Assets (RNNOA)	0.88%	-0.23%	0.01%	0.06%	-3.01%	1.49%	-1.18%	-3.87%	-0.35%	2.40%	0.93%
Return on Equity (ROE)	5.18%	-5.65%	0.32%	0.30%	-4.91%	7.17%	-4.31%	-17.80%	0.26%	16.81%	8.27%
Cash Return on Invested Capital (CROIC)	12.94%	18.86%	15.26%	12.86%	12.36%	4.57%	7.49%	11.68%	16.95%	11.20%	10.62%
Operating Return on Assets (OROA)	4.41%	1.43%	1.13%	2.83%	-1.23%	6.31%	-2.40%	-14.44%	1.07%	13.63%	5.85%
Return on Assets (ROA)	2.70%	-1.00%	0.03%	0.17%	-5.94%	3.92%	-3.04%	-11.00%	-1.20%	9.75%	4.17%
Return on Common Equity (ROCE)	5.18%	-5.65%	0.32%	0.30%	-4.91%	7.17%	-4.31%	-17.80%	0.26%	16.81%	8.27%
Return on Equity Simple (ROE_SIMPLE)	0.80%	-4.14%	-0.76%	0.00%	-5.81%	-2.63%	-0.24%	0.00%	10.90%	15.87%	18.99%
Net Operating Profit after Tax (NOPAT)	45	-67	3.22	2.78	-29	106	-34	-132	6.11	200	88
NOPAT Margin	4.88%	-6.44%	0.36%	0.30%	-2.71%	9.59%	-5.17%	-20.91%	0.82%	17.26%	8.52%
Net Nonoperating Expense Percent (NNEP)	0.44%	-4.63%	0.26%	0.00%	9.60%	0.69%	0.81%	0.54%	2.07%	1.35%	2.33%
Return On Investment Capital (ROIC_SIMPLE)	0.91%	-	-	-	-0.51%	-	-	-	-	-	-
Cost of Revenue to Revenue	57.28%	57.45%	62.52%	59.42%	63.88%	55.62%	64.82%	81.87%	63.94%	53.46%	63.76%
SG&A Expenses to Revenue	17.38%	13.20%	15.80%	-5.25%	8.54%	10.45%	17.52%	20.18%	14.78%	9.43%	10.12%
R&D to Revenue	19.55%	19.21%	21.16%	19.12%	15.30%	15.85%	25.05%	25.86%	20.11%	14.52%	16.28%
Operating Expenses to Revenue	36.93%	41.63%	36.96%	37.39%	39.99%	30.65%	42.57%	48.00%	34.89%	23.95%	26.41%
Earnings before Interest and Taxes (EBIT)	68	25	16	47	-26	157	-34	-182	14	264	97
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	141	101	93	129	53	236	47	-98	98	348	183
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.00	2.88	3.18	3.12	3.01	2.45	2.64	2.60	2.21	1.90	2.28
Price to Tangible Book Value (P/TBV)	11.05	18.66	23.16	21.64	18.33	14.70	18.51	16.79	11.11	8.37	10.84
Price to Revenue (P/Rev)	1.78	2.49	2.77	2.94	3.17	2.99	3.16	2.84	2.24	1.83	2.15
Price to Earnings (P/E)	250.18	0.00	0.00	0.00	0.00	0.00	0.00	98.36	20.25	11.95	12.01
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.02%	4.94%	8.37%	8.33%
Enterprise Value to Invested Capital (EV/IC)	1.85	2.51	2.75	2.72	2.60	2.08	2.23	2.22	1.95	1.71	2.01
Enterprise Value to Revenue (EV/Rev)	1.98	2.70	2.98	3.19	3.44	3.41	3.56	3.18	2.51	2.08	2.40
Enterprise Value to EBITDA (EV/EBITDA)	16.19	28.45	23.45	25.92	50.06	37.62	28.66	21.37	10.46	7.29	7.92
Enterprise Value to EBIT (EV/EBIT)	48.17	171.91	61.73	84.19	0.00	0.00	183.45	58.86	16.09	10.07	10.67
Enterprise Value to NOPAT (EV/NOPAT)	229.26	5,665.32	0.00	0.00	0.00	0.00	488.82	74.97	20.16	12.50	12.53
Enterprise Value to Operating Cash Flow (EV/OCF)	12.00	11.80	13.75	14.43	17.08	24.20	18.45	13.48	9.16	9.27	11.18
Enterprise Value to Free Cash Flow (EV/FCFF)	13.46	12.06	16.61	19.60	19.56	44.18	28.74	18.15	11.08	15.51	19.46
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.46	0.58	0.56	0.56	0.56	0.54	0.54	0.52	0.49	0.47	0.48
Long-Term Debt to Equity	0.46	0.45	0.44	0.44	0.43	0.54	0.54	0.52	0.49	0.47	0.48
Financial Leverage	0.23	0.30	0.29	0.28	0.26	0.30	0.30	0.27	0.24	0.18	0.19
Leverage Ratio	1.80	1.83	1.80	1.78	1.77	1.73	1.73	1.68	1.66	1.65	1.63
Compound Leverage Factor	1.31	0.18	-0.08	1.12	2.95	1.54	2.59	1.84	-0.32	1.55	1.34
Debt to Total Capital	31.43%	36.51%	36.00%	35.86%	35.82%	34.92%	34.95%	34.42%	32.96%	32.14%	32.25%
Short-Term Debt to Total Capital	0.00%	7.67%	7.56%	7.91%	8.47%	0.00%	0.00%	0.01%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	31.43%	28.84%	28.44%	27.94%	27.35%	34.92%	34.95%	34.41%	32.96%	32.14%	32.25%
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	68.57%	63.49%	64.00%	64.14%	64.18%	65.08%	65.05%	65.58%	67.04%	67.86%	67.75%
Debt to EBITDA	3.34	5.23	3.85	4.29	8.54	7.23	5.17	3.85	2.08	1.60	1.48
Net Debt to EBITDA	1.63	2.24	1.67	2.02	3.93	4.64	3.22	2.29	1.12	0.87	0.84
Long-Term Debt to EBITDA	3.34	4.13	3.04	3.34	6.52	7.23	5.17	3.85	2.08	1.60	1.48
Debt to NOPAT	47.32	1,041.65	-64.21	-22.68	-22.79	-38.03	88.21	13.51	4.01	2.75	2.34
Net Debt to NOPAT	23.04	446.19	-27.93	-10.67	-10.48	-24.43	54.98	8.04	2.16	1.49	1.33
Long-Term Debt to NOPAT	47.32	822.75	-50.73	-17.67	-17.40	-38.03	88.21	13.51	4.01	2.75	2.34
Altman Z-Score	2.49	2.72	3.08	3.02	2.84	2.77	2.82	2.91	2.82	2.71	2.95
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	2.60	1.90	1.95	1.99	1.90	3.37	3.27	3.65	3.68	3.30	3.30
Quick Ratio	1.50	1.27	1.25	1.18	1.24	1.98	1.68	2.05	2.15	2.07	1.97
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	570	816	753	704	668	401	338	342	424	55	-224
Operating Cash Flow to CapEx	580.80%	403.11%	212.74%	660.95%	1,874.82%	404.16%	0.00%	199.31%	695.08%	571.64%	629.89%
Free Cash Flow to Firm to Interest Expense	30.53	36.10	44.05	40.73	38.01	23.42	19.58	19.86	24.85	3.26	-12.96
Operating Cash Flow to Interest Expense	11.48	5.66	4.74	11.71	28.04	5.43	2.60	3.80	13.91	15.82	15.82
Operating Cash Flow Less CapEx to Interest Expense	9.50	4.25	2.51	9.94	26.54	4.09	2.73	1.89	11.91	13.05	13.31
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.60	0.60	0.61	0.57	0.50	0.44	0.45	0.50	0.56	0.60	0.63
Accounts Receivable Turnover	7.95	6.50	10.44	9.94	7.58	4.86	7.21	7.66	7.87	6.55	8.52
Inventory Turnover	3.24	3.13	2.94	3.03	2.83	2.41	2.31	2.93	3.00	3.39	3.46
Fixed Asset Turnover	4.08	4.14	4.10	3.73	3.10	2.74	2.74	2.97	3.34	3.58	3.65
Accounts Payable Turnover	7.91	8.04	8.06	9.84	8.82	6.79	6.54	8.44	8.06	5.79	7.22
Days Sales Outstanding (DSO)	45.90	56.14	34.96	36.72	48.15	75.17	50.61	47.66	46.38	55.71	42.83
Days Inventory Outstanding (DIO)	112.69	116.64	124.32	120.58	129.06	151.16	158.31	124.67	121.72	107.55	105.36
Days Payable Outstanding (DPO)	46.15	45.39	45.26	37.10	41.40	53.74	55.80	43.26	45.27	63.09	50.54
Cash Conversion Cycle (CCC)	112.45	127.38	114.02	120.21	135.81	172.60	153.12	129.07	122.83	100.16	97.64
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,047	4,250	4,339	4,421	4,572	5,133	5,089	5,122	5,269	5,429	5,461
Invested Capital Turnover	0.88	0.84	0.85	0.79	0.70	0.59	0.60	0.67	0.75	0.84	0.86
Increase / (Decrease) in Invested Capital	-525	-883	-750	-701	-697	-295	-372	-475	-418	145	312
Enterprise Value (EV)	7,505	10,668	11,950	12,022	11,896	10,664	11,351	11,365	10,295	9,302	10,964
Market Capitalization	6,751	9,828	11,097	11,087	10,962	9,348	10,074	10,146	9,190	8,195	9,804
Book Value per Share	$35.76	$35.95	$36.46	$36.84	$37.38	$38.99	$38.61	$39.07	$41.08	$41.88	$40.56
Tangible Book Value per Share	$6.46	$5.55	$5.01	$5.31	$6.14	$6.49	$5.51	$6.05	$8.16	$9.49	$8.53
Total Capital	4,930	5,372	5,447	5,544	5,669	5,866	5,860	5,951	6,212	6,370	6,348
Total Debt	1,549	1,961	1,961	1,988	2,030	2,049	2,048	2,048	2,048	2,047	2,047
Total Long-Term Debt	1,549	1,549	1,549	1,549	1,550	2,049	2,048	2,048	2,048	2,047	2,047
Net Debt	754	840	853	936	934	1,316	1,277	1,219	1,105	1,106	1,160
Capital Expenditures (CapEx)	37	32	38	31	26	23	-2.24	33	34	47	43
Debt-free, Cash-free Net Working Capital (DFCFNWC)	520	514	491	625	556	884	704	666	725	846	795
Debt-free Net Working Capital (DFNWC)	1,289	1,611	1,574	1,655	1,628	1,591	1,449	1,474	1,644	1,757	1,654
Net Working Capital (NWC)	1,289	1,199	1,162	1,216	1,148	1,591	1,449	1,474	1,644	1,757	1,654
Net Nonoperating Expense (NNE)	3.49	-50	2.81	0.04	98	8.32	9.88	6.13	22	11	19
Net Nonoperating Obligations (NNO)	667	840	853	865	934	1,316	1,277	1,219	1,105	1,106	1,160
Total Depreciation and Amortization (D&A)	74	76	76	82	79	79	81	84	84	85	86
Debt-free, Cash-free Net Working Capital to Revenue	13.71%	13.03%	12.26%	16.59%	16.06%	28.24%	22.11%	18.65%	17.68%	18.90%	17.40%
Debt-free Net Working Capital to Revenue	34.01%	40.80%	39.29%	43.90%	47.04%	50.82%	45.49%	41.31%	40.07%	39.28%	36.19%
Net Working Capital to Revenue	34.01%	30.36%	29.00%	32.26%	33.17%	50.82%	45.49%	41.30%	40.07%	39.28%	36.19%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.44	($0.18)	$0.00	$0.03	($1.31)	$1.00	($0.44)	($1.31)	($0.16)	$1.83	$0.65
Adjusted Weighted Average Basic Shares Outstanding	94.34M	94.89M	95.47M	97.56M	97.15M	97.95M	98.51M	102.21M	100.94M	102.93M	105.17M
Adjusted Diluted Earnings per Share	$0.43	($0.18)	$0.00	$0.04	($1.31)	$0.99	($0.44)	($1.31)	($0.16)	$1.82	$0.65
Adjusted Weighted Average Diluted Shares Outstanding	95.03M	94.89M	96.51M	97.56M	97.15M	98.59M	98.51M	103.02M	100.94M	103.67M	106.08M
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	93.40M	94.53M	94.86M	95.63M	96.55M	97.35M	97.91M	98.74M	99.89M	101.39M	103.20M
Normalized Net Operating Profit after Tax (NOPAT)	45	74	3.22	21	92	139	-34	-132	6.11	200	88
Normalized NOPAT Margin	4.88%	7.10%	0.36%	2.23%	8.59%	12.62%	-5.17%	-20.91%	0.82%	17.26%	8.52%
Pre Tax Income Margin	5.34%	0.24%	-0.08%	3.14%	-4.08%	12.64%	-7.94%	-31.45%	-0.37%	21.32%	7.68%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.62	1.11	0.96	2.71	-1.49	9.15	-1.99	-10.54	0.84	15.60	5.61
NOPAT to Interest Expense	2.40	-2.98	0.19	0.16	-1.66	6.18	-1.95	-7.67	0.36	11.82	5.11
EBIT Less CapEx to Interest Expense	1.65	-0.29	-1.27	0.94	-2.99	7.80	-1.86	-12.45	-1.16	12.84	3.10
NOPAT Less CapEx to Interest Expense	0.42	-4.39	-2.04	-1.61	-3.15	4.83	-1.82	-9.58	-1.64	9.05	2.60
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	1,505.90%	-287.75%	-1,614.13%	-568.89%	-212.82%	-549.12%	-6,569.20%	835.42%	228.85%	166.03%	147.23%

Frequently Asked Questions About Qorvo's Financials

When does Qorvo's financial year end?

According to the most recent income statement we have on file, Qorvo's fiscal year ends in March. Their fiscal year 2024 ended on March 30, 2024.

How has Qorvo's net income changed over the last 9 years?

Qorvo's net income appears to be on an upward trend, with a most recent value of -$70.32 million in 2024, falling from $196.30 million in 2015. The previous period was $103.15 million in 2023. Check out Qorvo's forecast to explore projected trends and price targets.

What is Qorvo's operating income?

Qorvo's total operating income in 2024 was $91.70 million, based on the following breakdown:

Total Gross Profit: $1.49 billion
Total Operating Expenses: $1.40 billion

How has Qorvo revenue changed over the last 9 years?

Over the last 9 years, Qorvo's total revenue changed from $1.71 billion in 2015 to $3.77 billion in 2024, a change of 120.3%.

How much debt does Qorvo have?

Qorvo's total liabilities were at $3.00 billion at the end of 2024, a 7.5% increase from 2023, and a 316.9% increase since 2015.

How much cash does Qorvo have?

In the past 9 years, Qorvo's cash and equivalents has ranged from $299.81 million in 2015 to $1.40 billion in 2021, and is currently $1.03 billion as of their latest financial filing in 2024.

How has Qorvo's book value per share changed over the last 9 years?

Over the last 9 years, Qorvo's book value per share changed from 41.58 in 2015 to 36.84 in 2024, a change of -11.4%.

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This page (NASDAQ:QRVO) was last updated on 5/25/2025 by MarketBeat.com Staff

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Qorvo (QRVO) Financials

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