Qorvo (QRVO) Financials

$70.76 -0.14 (-0.20%)

As of 11:27 AM 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	3/28/2015	4/2/2016	4/1/2017	3/31/2018	3/30/2019	3/28/2020	4/3/2021	4/2/2022	4/1/2023	3/30/2024
Net Income / (Loss) Attributable to Common Shareholders	196	-29	-17	-40	133	334	734	1,033	103	-70
Consolidated Net Income / (Loss)	196	-29	-17	-40	133	334	734	1,033	103	-70
Net Income / (Loss) Continuing Operations	196	-29	-17	-40	133	334	734	1,033	103	-70
Total Pre-Tax Income	121	-2.86	27	17	92	395	807	1,181	125	74
Total Operating Income	122	12	88	70	216	423	907	1,226	183	92
Total Gross Profit	689	1,050	1,136	1,147	1,195	1,322	1,884	2,286	1,297	1,488
Total Revenue	1,711	2,611	3,033	2,974	3,090	3,239	4,015	4,646	3,569	3,770
Operating Revenue	1,711	2,611	3,033	2,974	3,090	3,239	4,015	4,646	3,569	3,770
Total Cost of Revenue	1,022	1,561	1,897	1,827	1,895	1,917	2,132	2,360	2,272	2,281
Operating Cost of Revenue	1,022	1,561	1,897	1,827	1,895	1,917	2,132	2,360	2,272	2,281
Total Operating Expenses	567	1,038	1,047	1,077	979	899	977	1,060	1,114	1,397
Selling, General & Admin Expense	250	534	546	632	528	414	407	388	452	493
Research & Development Expense	257	449	471	445	450	484	570	624	650	682
Impairment Charge	-	-	-	-	-	-	-	48	12	221
Total Other Income / (Expense), net	-1.23	-15	-61	-53	-125	-28	-99	-45	-59	-18
Interest Expense	1.42	23	59	60	44	60	75	63	68	69
Other Income / (Expense), net	-0.25	6.42	-3.09	-0.61	-81	32	-24	18	9.92	51
Income Tax Expense	-75	26	44	57	-41	61	74	148	21	144
Basic Earnings per Share	$2.17	($0.20)	($0.13)	($0.32)	$1.07	$2.86	$6.43	$9.38	$1.01	($0.72)
Weighted Average Basic Shares Outstanding	90.48M	141.94M	127.12M	126.95M	124.53M	117.01M	114.03M	110.20M	102.21M	97.56M
Diluted Earnings per Share	$2.11	($0.20)	($0.13)	($0.32)	$1.05	$2.80	$6.32	$9.26	$1.00	($0.72)
Weighted Average Diluted Shares Outstanding	93.21M	141.94M	127.12M	126.95M	127.36M	119.29M	116.02M	111.55M	103.02M	97.56M
Weighted Average Basic & Diluted Shares Outstanding	90.50M	144.20M	127.40M	125.90M	124.40M	114.73M	112.59M	106.03M	98.74M	95.63M

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

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

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

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

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

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

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

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

Frequently Asked Questions About Qorvo's Financials

When does Qorvo's fiscal year end?

According to the most recent income statement we have on file, Qorvo's financial year ends in March. Their financial 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 5/5/2025 by MarketBeat.com Staff

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Qorvo (QRVO) Financials

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