What is ADT's operating income?

ADT's total operating income in 2025 was $1.31 billion, based on the following breakdown: Total Gross Profit: $4.15 billion Total Operating Expenses: $2.84 billion

ADT (ADT) Financials

$7.64 -0.01 (-0.07%)

Closing price 08/7/2026 03:59 PM Eastern

Extended Trading

$7.64 +0.00 (+0.07%)

As of 04:21 AM Eastern

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Annual Income Statements for ADT

This table shows ADT'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	2025
Period end date	9/25/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	296	-537	-1,186	-656	-424	-632	-341	133	463	501	596
Consolidated Net Income / (Loss)	296	-537	343	-609	-424	-632	-341	133	463	501	596
Net Income / (Loss) Continuing Operations	296	-537	-1,186	-656	-424	-632	-344	312	450	619	601
Total Pre-Tax Income	437	-803	-422	-633	-522	-779	-476	404	604	815	834
Total Operating Income	639	-229	282	278	196	41	9.79	725	1,179	1,208	1,309
Total Gross Profit	1,999	2,256	3,420	3,540	3,735	3,798	3,430	3,683	3,901	4,051	4,146
Total Revenue	3,574	2,950	4,316	4,582	5,126	5,315	4,203	4,382	4,653	4,898	5,129
Operating Revenue	3,574	2,950	4,316	4,582	5,126	5,315	4,203	4,382	4,653	4,898	5,129
Total Cost of Revenue	1,575	693	896	1,041	1,390	1,517	773	699	752	847	983
Operating Cost of Revenue	1,575	693	896	1,041	1,390	1,517	773	699	752	847	983
Total Operating Expenses	1,360	2,486	3,137	3,262	3,539	3,758	3,420	2,958	2,722	2,843	2,837
Selling, General & Admin Expense	1,305	859	1,209	1,247	1,407	1,724	1,541	1,348	1,387	1,500	1,470
Depreciation Expense	-	1,233	1,863	1,931	1,989	1,914	1,840	1,600	1,335	1,343	1,367
Total Other Income / (Expense), net	-202	-573	-704	-910	-719	-820	-486	-321	-575	-393	-475
Interest & Investment Income	-205	-521	-733	-663	-620	-708	-457	-263	-570	-441	-459
Other Income / (Expense), net	3.00	-24	33	28	5.01	8.29	8.31	-58	-4.66	48	-16
Income Tax Expense	141	-266	-764	-23	-98	-147	-132	88	161	196	233
Other Gains / (Losses), net	-	-	-	-	-	0.00	0.00	-4.60	6.57	0.00	0.00
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	3.36	-180	13	-118	-4.57
Basic Earnings per Share	$1.73	($0.84)	$0.53	$0.00	($0.57)	($1.54)	($0.82)	$0.30	$1.02	$1.12	$1.44
Weighted Average Basic Shares Outstanding	171M	640.73M	641.07M	0.00	747.24M	776.34M	825.37M	903.21M	911.59M	901.27M	832.57M
Diluted Earnings per Share	$1.72	($0.84)	$0.53	$0.00	($0.57)	($1.56)	($0.82)	$0.28	$0.96	$1.04	$1.34
Weighted Average Diluted Shares Outstanding	172M	640.73M	641.07M	0.00	0.00	778.43M	0.00	969.81M	973.89M	963.45M	895.92M
Weighted Average Basic & Diluted Shares Outstanding	164.94M	-	646.50M	752M	1.09B	816.78M	956.33M	917.04M	922.31M	876.50M	820.12M
Cash Dividends to Common per Share	$0.63	-	$1.17	$0.00	$0.84	-	-	$0.14	$0.14	$0.22	$0.22

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

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	576	92	92	127	190	140	165	145	145	168	154
Consolidated Net Income / (Loss)	576	92	92	127	190	140	165	145	145	168	154
Net Income / (Loss) Continuing Operations	273	164	126	132	270	142	168	144	146	169	155
Total Pre-Tax Income	393	220	186	182	325	194	227	199	215	227	216
Total Operating Income	566	292	284	326	402	319	342	315	333	325	316
Total Gross Profit	941	995	1,008	1,022	1,048	1,027	1,037	1,047	1,034	1,036	1,049
Total Revenue	1,028	1,190	1,205	1,244	1,241	1,267	1,287	1,298	1,276	1,279	1,312
Operating Revenue	1,028	1,190	1,205	1,244	1,241	1,267	1,287	1,298	1,276	1,279	1,312
Total Cost of Revenue	87	194	196	222	193	240	250	251	242	243	264
Operating Cost of Revenue	87	194	196	222	193	240	250	251	242	243	264
Total Operating Expenses	375	703	724	695	646	708	695	732	702	710	733
Selling, General & Admin Expense	289	370	390	360	331	369	356	384	360	365	386
Depreciation Expense	323	333	334	335	339	340	339	348	341	345	347
Total Other Income / (Expense), net	-173	-72	-98	-144	-77	-126	-115	-116	-118	-98	-100
Interest & Investment Income	-168	-87	-110	-162	-81	-121	-116	-113	-110	-98	-102
Other Income / (Expense), net	12	16	12	18	8.03	-4.86	0.80	-3.84	-7.93	0.43	2.26
Income Tax Expense	133	56	60	50	55	51	59	55	68	58	61
Net Income / (Loss) Discontinued Operations	302	-72	-34	-4.87	-80	-2.23	-3.05	1.62	-0.90	-0.98	-1.22
Basic Earnings per Share	$1.26	$0.20	$0.20	$0.28	$0.44	$0.32	$0.40	$0.36	$0.36	$0.42	$0.40
Weighted Average Basic Shares Outstanding	911.59M	910.64M	903.02M	905.21M	901.27M	862.77M	832.38M	819.49M	832.57M	814.46M	761.05M
Diluted Earnings per Share	$1.22	$0.18	$0.20	$0.26	$0.38	$0.30	$0.36	$0.32	$0.36	$0.38	$0.38
Weighted Average Diluted Shares Outstanding	973.89M	973.14M	963.87M	967.61M	963.45M	926.06M	894.70M	883.19M	895.92M	876.60M	820.13M
Weighted Average Basic & Diluted Shares Outstanding	922.31M	910.37M	911.83M	907.01M	876.50M	836.51M	831.27M	819.76M	820.12M	791.49M	730.56M

This table details how cash moves in and out of ADT'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	2025
Period end date	9/25/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	12	35	36	242	-318	159	-174	340	-244	74	-96
Net Cash From Operating Activities	1,605	618	1,592	1,788	1,873	1,367	1,650	1,888	1,658	1,885	1,884
Net Cash From Continuing Operating Activities	1,583	618	1,592	1,788	1,873	1,367	1,650	1,897	1,658	1,885	1,884
Net Income / (Loss) Continuing Operations	296	-537	343	-609	-424	-632	-341	133	463	501	596
Consolidated Net Income / (Loss)	296	-537	343	-609	-424	-632	-341	133	463	501	596
Depreciation Expense	1,124	1,233	1,863	1,931	1,989	1,914	1,915	1,694	1,389	1,345	1,367
Amortization Expense	141	69	5.04	60	-27	-28	-46	-81	-113	-122	-106
Non-Cash Adjustments To Reconcile Net Income	79	67	72	476	342	255	-1.78	75	137	347	362
Changes in Operating Assets and Liabilities, net	-35	-215	-691	-70	-7.06	-142	124	77	-218	-187	-335
Net Cash From Investing Activities	-1,406	-9,412	-1,413	-1,738	-978	-1,137	-1,696	-1,533	242	-1,295	-1,118
Net Cash From Continuing Investing Activities	-1,406	-9,412	-1,413	-1,738	-978	-1,137	-1,696	-1,533	242	-1,295	-1,118
Purchase of Property, Plant & Equipment	-103	-78	-131	-127	-159	-157	-168	-177	-176	-164	-176
Acquisitions	-4.00	-8,909	-717	-694	-778	-605	-839	-622	-589	-586	-596
Purchase of Investments	-	-	-	-353	-	-	-	-	0.00	-8.27	-2.36
Divestitures	-	-	0.00	0.00	496	-2.45	1.81	27	1,609	-18	51
Other Investing Activities, net	-1,299	-466	-566	-565	-537	-373	-691	-761	-602	-520	-394
Net Cash From Financing Activities	-184	8,829	-143	193	-1,214	-70	-128	-15	-2,144	-515	-862
Net Cash From Continuing Financing Activities	-184	8,829	-143	193	-1,214	-70	-128	-15	-2,144	-515	-862
Repayment of Debt	-505	-1,532	-737	-1,556	-3,848	-3,065	-1,120	-732	-2,913	-1,219	-2,979
Repurchase of Common Equity	-324	-	-0.40	-0.34	-204	-0.00	0.00	-1,200	0.00	-241	-607
Payment of Dividends	-142	0.00	-750	-79	-565	-109	-116	-127	-129	-182	-187
Issuance of Debt	755	6,040	1,344	423	3,403	2,723	1,196	827	867	1,069	2,952
Other Financing Activities, net	32	3,662	-	-	-	-66	-88	37	30	57	-41

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

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Change in Cash & Equivalents	-226	-11	30	56	-0.68	-113	61	19	-62	43	-124
Net Cash From Operating Activities	412	364	563	498	460	467	564	480	374	638	666
Net Cash From Continuing Operating Activities	412	364	563	498	460	467	564	480	374	638	666
Net Income / (Loss) Continuing Operations	576	92	92	127	190	140	165	145	145	168	154
Consolidated Net Income / (Loss)	576	92	92	127	190	140	165	145	145	168	154
Depreciation Expense	330	334	334	335	341	340	339	348	341	345	347
Amortization Expense	-31	-29	-31	-32	-29	-29	-27	-26	-24	-22	-20
Non-Cash Adjustments To Reconcile Net Income	-532	89	68	49	140	80	61	84	137	79	71
Changes in Operating Assets and Liabilities, net	70	-123	100	18	-182	-64	26	-71	-226	68	115
Net Cash From Investing Activities	1,231	-300	-333	-402	-261	-258	-364	-298	-197	-406	-261
Net Cash From Continuing Investing Activities	1,231	-300	-333	-402	-261	-258	-364	-298	-197	-406	-261
Purchase of Property, Plant & Equipment	-46	-41	-47	-43	-34	-45	-38	-43	-50	-49	-46
Acquisitions	-203	-118	-142	-214	-112	-107	-224	-157	-109	-266	-137
Purchase of Investments	-	-	-	-	-	-0.74	-	-	-	0.46	0.62
Other Investing Activities, net	-130	-140	-141	-122	-117	-105	-102	-98	-88	-91	-79
Net Cash From Financing Activities	-1,869	-75	-200	-41	-199	-321	-138	-163	-239	-189	-529
Net Cash From Continuing Financing Activities	-1,869	-75	-200	-41	-199	-321	-138	-163	-239	-189	-529
Repayment of Debt	-1,845	-127	-1,056	-117	81	-587	-178	-686	-1,528	-83	-307
Repurchase of Common Equity	-	-93	-	-	-147	-397	-99	-112	-	-116	-484
Payment of Dividends	-32	-32	-50	-50	-50	-49	-47	-46	-45	-45	-45
Issuance of Debt	4.99	161	890	109	-91	702	175	670	1,406	50	303
Other Financing Activities, net	3.36	17	16	17	7.94	9.85	9.85	11	-72	4.78	4.33

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

Metric	2014	2015	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	9/26/2014	9/25/2015	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	10,549	10,726	17,015	17,209	16,084	16,117	16,894	17,821	15,964	16,051	15,819
Total Current Assets	409	399	456	854	625	967	993	1,722	1,005	1,005	946
Cash & Equivalents	66	78	123	363	49	205	24	257	15	96	81
Restricted Cash	-	-	-	3.99	0.00	-	8.82	116	115	108	28
Accounts Receivable	101	102	149	246	287	336	442	335	370	394	385
Inventories, net	76	76	107	115	138	216	348	237	201	197	202
Prepaid Expenses	55	47	77	130	151	210	169	307	242	211	250
Plant, Property, & Equipment, net	265	283	332	327	329	326	0.00	0.00	254	247	243
Total Noncurrent Assets	9,875	10,044	16,226	16,028	15,129	14,824	15,902	16,099	14,706	14,799	14,630
Goodwill	3,738	3,680	5,071	5,082	4,960	5,236	5,943	5,430	4,904	4,904	4,886
Intangible Assets	3,120	2,999	7,857	7,488	6,670	5,907	5,413	4,927	4,877	4,854	4,818
Other Noncurrent Operating Assets	3,017	3,365	3,299	3,458	3,500	3,681	4,545	4,856	4,881	5,041	4,926
Total Liabilities & Shareholders' Equity	10,549	10,726	17,015	17,209	16,084	16,117	16,894	17,821	15,964	16,051	15,819
Total Liabilities	7,421	7,807	13,582	12,984	12,899	13,078	13,646	14,428	12,175	12,250	12,040
Total Current Liabilities	708	658	896	1,012	1,120	1,296	1,703	2,661	1,480	1,264	1,013
Short-Term Debt	4.00	5.00	48	58	58	45	118	858	312	196	310
Accounts Payable	208	190	188	221	242	322	475	418	277	154	107
Accrued Expenses	-	-	351	398	477	584	737	777	556	635	352
Current Deferred Revenue	236	232	309	335	342	346	374	310	255	248	244
Total Noncurrent Liabilities	6,713	7,149	12,685	11,971	11,780	11,782	11,942	11,767	10,695	10,986	11,027
Long-Term Debt	5,096	5,389	10,121	9,944	9,634	9,448	9,575	8,947	7,513	7,511	7,379
Noncurrent Deferred Revenue	838	895	369	544	674	832	1,199	1,581	1,915	2,068	2,084
Noncurrent Deferred & Payable Income Tax Liabilities	651	732	1,377	1,342	1,166	991	867	893	1,027	1,167	1,267
Other Noncurrent Operating Liabilities	128	133	819	141	305	511	301	240	219	224	297
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,128	2,919	3,433	4,225	3,184	3,039	3,249	3,393	3,789	3,801	3,779
Total Preferred & Common Equity	3,128	2,919	3,433	4,225	3,184	3,039	3,249	3,393	3,789	3,801	3,779
Preferred Stock	-	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,128	2,919	3,433	4,225	3,184	3,039	3,249	3,393	3,789	3,801	3,779
Common Stock	2,645	2,376	4,435	5,977	5,985	6,649	7,270	7,390	7,423	7,126	6,687
Retained Earnings	445	633	-998	-1,680	-2,742	-3,491	-3,953	-3,950	-3,618	-3,318	-2,907
Accumulated Other Comprehensive Income / (Loss)	38	-90	-4.01	-72	-58	-119	-69	-47	-16	-7.04	-1.56

This table presents ADT'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	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026	6/30/2026
Total Assets	17,445	17,334	17,431	15,944	15,986	16,085	15,830	15,972	15,981	15,913	15,739
Total Current Assets	1,625	1,555	1,635	1,001	986	1,003	858	940	988	899	764
Cash & Equivalents	186	146	239	4.04	38	95	3.74	45	63	119	3.88
Restricted Cash	117	114	117	115	111	109	87	107	108	32	24
Accounts Receivable	598	622	384	387	386	397	395	407	400	368	373
Inventories, net	399	370	207	210	203	203	189	186	190	189	184
Prepaid Expenses	324	302	238	285	241	195	182	196	226	191	180
Plant, Property, & Equipment, net	356	341	276	261	263	260	242	241	241	273	284
Total Noncurrent Assets	15,465	15,439	15,520	14,682	14,737	14,822	14,730	14,791	14,752	14,740	14,691
Goodwill	5,526	5,344	4,904	4,904	4,904	4,904	4,904	4,904	4,886	4,999	4,992
Intangible Assets	5,020	5,004	4,823	4,844	4,836	4,899	4,806	4,876	4,867	4,829	4,807
Other Noncurrent Operating Assets	4,919	5,090	4,897	4,934	4,995	5,019	5,020	5,011	4,999	4,911	4,893
Total Liabilities & Shareholders' Equity	17,445	17,334	17,431	15,944	15,986	16,085	15,830	15,972	15,981	15,913	15,739
Total Liabilities	14,200	14,016	14,192	12,208	12,178	12,187	12,213	12,313	12,322	12,113	12,262
Total Current Liabilities	1,999	2,319	2,279	1,409	1,315	1,245	1,117	2,052	1,478	1,067	1,108
Short-Term Debt	465	836	835	322	192	197	207	1,064	522	309	241
Accounts Payable	398	375	276	260	222	227	133	187	167	113	192
Accrued Expenses	741	722	582	575	605	534	494	520	517	397	431
Current Deferred Revenue	395	386	272	252	247	250	253	253	247	247	245
Total Noncurrent Liabilities	12,201	11,697	11,913	10,799	10,862	10,942	11,096	10,261	10,845	11,046	11,154
Long-Term Debt	9,376	8,835	8,832	7,567	7,532	7,525	7,613	6,751	7,284	7,360	7,447
Noncurrent Deferred Revenue	1,735	1,826	1,849	1,976	2,035	2,058	2,079	2,090	2,088	2,079	2,062
Noncurrent Deferred & Payable Income Tax Liabilities	824	764	909	1,039	1,080	1,117	1,170	1,170	1,181	1,287	1,298
Other Noncurrent Operating Liabilities	266	273	216	217	200	230	220	236	282	321	347
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,245	3,318	3,239	3,736	3,808	3,897	3,617	3,659	3,659	3,800	3,477
Total Preferred & Common Equity	3,245	3,318	3,239	3,736	3,808	3,897	3,617	3,659	3,659	3,800	3,477
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	3,245	3,318	3,239	3,736	3,808	3,897	3,617	3,659	3,659	3,800	3,477
Common Stock	7,390	7,399	7,416	7,327	7,356	7,367	6,849	6,773	6,674	6,571	6,112
Retained Earnings	-4,102	-4,042	-4,161	-3,577	-3,535	-3,459	-3,226	-3,107	-3,007	-2,784	-2,668
Accumulated Other Comprehensive Income / (Loss)	-43	-40	-17	-14	-13	-11	-5.69	-6.95	-8.33	13	33

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	9/25/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	819,762,736.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	819,762,736.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.73
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	433	-161	198	194	138	28	6.85	568	866	918	943
Return On Investment Capital (ROIC_SIMPLE)	5.21%	-	1.45%	1.37%	1.07%	0.23%	0.05%	4.30%	7.45%	7.98%	8.22%
Earnings before Interest and Taxes (EBIT)	642	-253	315	305	201	49	18	668	1,191	1,261	1,293
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,907	1,049	2,184	2,296	2,163	1,935	1,887	2,280	2,467	2,484	2,554
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	360	8,074	-13,282	-190	1,174	529	-574	1,602	1,259	1,047	905
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	8,235	0.00	13,479	13,864	12,828	12,327	12,908	11,874	11,480	11,351	11,389
Increase / (Decrease) in Invested Capital	73	-8,235	13,479	385	-1,036	-501	581	-1,034	-394	-129	38
Book Value per Share	$17.18	$0.00	$20.73	$5.58	$4.28	$3.73	$3.95	$3.71	$4.11	$4.19	$4.61
Tangible Book Value per Share	($22.13)	$0.00	($57.33)	($11.03)	($11.36)	($9.93)	($9.87)	($7.62)	($6.50)	($6.57)	($7.23)
Total Capital	8,313	0.00	13,602	14,227	12,877	12,532	12,941	13,197	11,614	11,508	11,468
Total Debt	5,394	0.00	10,169	10,002	9,692	9,493	9,693	9,804	7,826	7,707	7,690
Total Long-Term Debt	5,389	0.00	10,121	9,944	9,634	9,448	9,575	8,947	7,513	7,511	7,379
Net Debt	5,316	0.00	10,046	9,635	9,644	9,288	9,659	9,431	7,696	7,503	7,581
Capital Expenditures (CapEx)	103	78	131	127	159	157	168	177	176	164	176
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-332	0.00	-515	-467	-485	-489	-626	-455	-293	-267	134
Debt-free Net Working Capital (DFNWC)	-254	0.00	-392	-100	-436	-284	-593	-81	-163	-63	243
Net Working Capital (NWC)	-259	0.00	-440	-158	-494	-329	-711	-939	-476	-259	-67
Net Nonoperating Expense (NNE)	137	376	-145	804	562	661	348	435	403	417	347
Net Nonoperating Obligations (NNO)	5,316	0.00	10,046	9,639	9,644	9,288	9,659	8,481	7,692	7,551	7,611
Total Depreciation and Amortization (D&A)	1,265	1,302	1,868	1,991	1,962	1,886	1,869	1,612	1,276	1,223	1,261
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.73	($0.84)	$0.53	($0.81)	($0.57)	$0.00	($0.82)	$0.00	$1.02	$1.12	$1.44
Adjusted Weighted Average Basic Shares Outstanding	171M	640.73M	641.07M	747.71M	747.24M	0.00	825.37M	0.00	911.59M	901.27M	832.57M
Adjusted Diluted Earnings per Share	$1.72	($0.84)	$0.53	($0.81)	($0.57)	$0.00	($0.82)	$0.00	$1.02	$1.04	$1.34
Adjusted Weighted Average Diluted Shares Outstanding	172M	640.73M	641.07M	747.71M	747.24M	0.00	0.00	0.00	911.59M	963.45M	895.92M
Adjusted Basic & Diluted Earnings per Share	$1.73	($0.84)	$0.53	($0.81)	($0.57)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	164.94M	0.00	646.50M	756.61M	759.88M	816.78M	901.58M	0.00	922.31M	876.50M	820.12M
Normalized Net Operating Profit after Tax (NOPAT)	433	115	243	254	194	113	34	576	894	936	943
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

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

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	819,762,736.00	820,121,837.00	791,494,313.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	819,762,736.00	820,121,837.00	791,494,313.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	0.18	0.21	0.19
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2,014.74%	-5.32%	3.12%	5.42%	20.75%	6.54%	6.85%	4.35%	-	0.87%	1.96%
EBITDA Growth	-4.64%	56.11%	-8.05%	6.52%	-17.74%	1.97%	9.26%	-2.23%	-	3.80%	-1.43%
EBIT Growth	8.71%	889.55%	-11.09%	12.00%	-29.03%	2.15%	15.91%	-9.55%	-	3.64%	-7.19%
NOPAT Growth	-2.56%	918.87%	-20.62%	-1.81%	-10.76%	8.16%	31.49%	-3.70%	-	3.07%	-10.48%
Net Income Growth	282.00%	177.04%	0.20%	247.44%	-67.01%	53.19%	78.78%	14.14%	-	20.06%	-6.86%
EPS Growth	281.25%	176.92%	11.11%	244.44%	-68.85%	66.67%	80.00%	23.08%	-	26.67%	5.56%
Operating Cash Flow Growth	-27.31%	18.64%	14.29%	11.64%	11.56%	28.26%	0.12%	-3.64%	-	36.75%	18.17%
Free Cash Flow Firm Growth	-45.88%	338.17%	113.62%	-73.91%	-39.74%	-76.52%	-77.78%	-10.32%	-	-9.93%	37.78%
Invested Capital Growth	-3.31%	-9.98%	-10.13%	-1.42%	-1.12%	-1.00%	-0.66%	-1.16%	-	-0.65%	-1.99%
Revenue Q/Q Growth	-12.91%	17.69%	-0.39%	3.26%	-0.25%	0.56%	1.54%	0.85%	-	0.19%	2.64%
EBITDA Q/Q Growth	44.23%	-41.07%	15.85%	8.18%	11.39%	0.12%	4.58%	-3.20%	-	1.13%	-0.69%
EBIT Q/Q Growth	88.08%	-63.46%	40.08%	16.35%	19.18%	0.31%	9.03%	-9.20%	-	0.36%	-2.36%
NOPAT Q/Q Growth	55.39%	-60.86%	31.62%	22.64%	41.24%	-11.61%	7.83%	-10.18%	-	6.90%	-6.35%
Net Income Q/Q Growth	767.78%	-84.10%	0.92%	37.62%	49.39%	-26.17%	17.78%	-12.14%	-	15.81%	-8.63%
EPS Q/Q Growth	777.78%	-83.61%	0.00%	30.00%	46.15%	-25.00%	20.00%	-11.11%	-	5.56%	0.00%
Operating Cash Flow Q/Q Growth	-7.67%	-11.71%	54.81%	-11.54%	-7.74%	1.51%	20.85%	-14.87%	-	70.81%	4.43%
Free Cash Flow Firm Q/Q Growth	-50.15%	85.29%	4.15%	-72.88%	15.12%	-11.14%	-6.14%	9.49%	-	44.63%	43.58%
Invested Capital Q/Q Growth	-1.25%	0.23%	-0.58%	0.18%	-0.95%	0.34%	-0.24%	-0.32%	-	-0.38%	-1.59%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	91.57%	80.50%	83.71%	82.14%	84.45%	81.06%	80.56%	80.68%	-	81.01%	79.92%
EBITDA Margin	85.33%	42.73%	49.69%	52.06%	58.13%	49.34%	50.82%	48.78%	-	50.78%	49.13%
Operating Margin	55.07%	16.17%	23.59%	26.24%	32.40%	25.19%	26.57%	24.27%	-	25.45%	24.07%
EBIT Margin	56.23%	17.46%	24.55%	27.66%	33.05%	24.80%	26.63%	23.98%	-	25.49%	24.24%
Profit (Net Income) Margin	56.04%	7.57%	7.67%	10.22%	15.31%	11.06%	12.83%	11.18%	-	13.17%	11.72%
Tax Burden Percent	146.57%	74.93%	49.67%	69.77%	58.50%	72.48%	72.77%	73.07%	-	74.02%	71.27%
Interest Burden Percent	68.00%	57.88%	62.90%	52.97%	79.18%	61.55%	66.22%	63.82%	-	69.81%	67.86%
Effective Tax Rate	33.88%	25.09%	32.17%	27.56%	16.95%	26.37%	25.88%	27.75%	-	25.55%	28.17%
Return on Invested Capital (ROIC)	14.51%	4.57%	6.12%	7.71%	11.55%	8.06%	8.74%	7.87%	-	8.58%	7.94%
ROIC Less NNEP Spread (ROIC-NNEP)	17.00%	3.94%	4.94%	6.34%	9.66%	6.84%	7.59%	6.79%	-	7.61%	6.99%
Return on Net Nonoperating Assets (RNNOA)	38.29%	9.76%	11.82%	14.18%	19.40%	14.46%	15.58%	13.68%	-	15.69%	15.04%
Return on Equity (ROE)	52.79%	14.33%	17.94%	21.90%	30.94%	22.52%	24.32%	21.55%	-	24.27%	22.98%
Cash Return on Invested Capital (CROIC)	10.78%	18.73%	18.50%	9.63%	9.17%	9.19%	9.42%	9.83%	-	9.02%	10.23%
Operating Return on Assets (OROA)	15.49%	4.79%	6.81%	7.73%	10.11%	7.77%	8.43%	7.65%	-	8.25%	7.90%
Return on Assets (ROA)	15.44%	2.08%	2.13%	2.86%	4.69%	3.47%	4.06%	3.57%	-	4.26%	3.82%
Return on Common Equity (ROCE)	52.79%	14.33%	17.94%	21.90%	30.94%	22.52%	24.32%	21.55%	-	24.27%	22.98%
Return on Equity Simple (ROE_SIMPLE)	0.00%	18.03%	17.69%	22.76%	0.00%	15.20%	0.00%	0.00%	-	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	374	146	193	236	334	235	253	228	227	242	227
NOPAT Margin	36.41%	12.11%	16.00%	19.01%	26.91%	18.55%	19.69%	17.54%	-	18.95%	17.29%
Net Nonoperating Expense Percent (NNEP)	-2.50%	0.63%	1.18%	1.37%	1.89%	1.22%	1.15%	1.08%	-	0.97%	0.95%
Return On Investment Capital (ROIC_SIMPLE)	3.22%	1.26%	1.67%	2.03%	2.90%	2.06%	2.21%	1.99%	1.98%	2.11%	2.03%
Cost of Revenue to Revenue	8.43%	19.50%	16.29%	17.86%	15.55%	18.94%	19.44%	19.32%	-	18.99%	20.08%
SG&A Expenses to Revenue	28.10%	32.95%	32.25%	28.82%	26.67%	29.08%	27.67%	29.61%	-	28.53%	29.41%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%
Operating Expenses to Revenue	36.50%	64.33%	60.12%	55.91%	52.05%	55.87%	53.99%	56.41%	-	55.55%	55.85%
Earnings before Interest and Taxes (EBIT)	578	211	296	344	410	314	343	311	325	326	318
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	877	517	599	648	721	625	654	633	642	649	645
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.60	1.61	1.78	1.67	1.64	1.97	1.92	1.98	-	1.42	1.48
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
Price to Revenue (P/Rev)	1.30	1.31	1.46	1.39	1.27	1.43	1.39	1.42	-	1.05	1.00
Price to Earnings (P/E)	13.06	8.93	10.04	7.32	12.42	12.98	11.31	11.30	-	8.63	8.40
Dividend Yield	2.13%	2.45%	2.42%	2.81%	3.21%	2.70%	2.61%	2.53%	-	3.35%	3.38%
Earnings Yield	7.65%	11.20%	9.96%	13.65%	8.05%	7.71%	8.84%	8.85%	-	11.58%	11.91%
Enterprise Value to Invested Capital (EV/IC)	1.20	1.20	1.25	1.22	1.21	1.30	1.29	1.31	-	1.14	1.15
Enterprise Value to Revenue (EV/Rev)	2.95	3.01	3.10	2.99	2.80	2.99	2.91	2.91	-	2.51	2.48
Enterprise Value to EBITDA (EV/EBITDA)	5.57	5.20	5.51	5.31	5.52	5.95	5.76	5.86	-	5.01	4.98
Enterprise Value to EBIT (EV/EBIT)	11.54	9.65	10.30	9.81	10.88	11.73	11.18	11.60	-	9.89	10.00
Enterprise Value to NOPAT (EV/NOPAT)	15.88	13.80	15.14	14.80	14.95	15.86	14.73	15.06	-	13.57	13.85
Enterprise Value to Operating Cash Flow (EV/OCF)	8.29	8.04	8.03	7.63	7.28	7.48	7.39	7.55	-	6.28	5.93
Enterprise Value to Free Cash Flow (EV/FCFF)	10.91	6.06	6.41	12.60	13.11	14.12	13.70	13.28	-	12.60	11.13
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.07	2.11	2.03	1.98	2.03	2.16	2.14	2.13	-	2.02	2.21
Long-Term Debt to Equity	1.98	2.03	1.98	1.93	1.98	2.10	1.84	1.99	-	1.94	2.14
Financial Leverage	2.25	2.48	2.39	2.24	2.01	2.11	2.05	2.02	-	2.06	2.15
Leverage Ratio	4.70	4.78	4.68	4.70	4.22	4.32	4.28	4.24	-	4.28	4.44
Compound Leverage Factor	3.20	2.77	2.94	2.49	3.34	2.66	2.83	2.71	-	2.99	3.02
Debt to Total Capital	67.38%	67.86%	66.98%	66.46%	66.97%	68.37%	68.11%	68.09%	-	66.87%	68.85%
Short-Term Debt to Total Capital	2.69%	2.77%	1.67%	1.69%	1.70%	1.81%	9.28%	4.55%	-	2.70%	2.15%
Long-Term Debt to Total Capital	64.69%	65.09%	65.31%	64.76%	65.27%	66.56%	58.83%	63.54%	-	64.17%	66.70%
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	32.62%	32.14%	33.02%	33.54%	33.03%	31.63%	31.89%	31.91%	-	33.13%	31.15%
Debt to EBITDA	3.17	2.97	2.97	2.93	3.10	3.13	3.06	3.08	-	2.97	2.99
Net Debt to EBITDA	3.12	2.93	2.91	2.85	3.02	3.10	3.00	3.01	-	2.92	2.98
Long-Term Debt to EBITDA	3.05	2.85	2.90	2.85	3.02	3.05	2.65	2.87	-	2.85	2.90
Debt to NOPAT	9.04	7.90	8.16	8.16	8.40	8.35	7.83	7.91	-	8.07	8.32
Net Debt to NOPAT	8.89	7.78	8.00	7.94	8.17	8.25	7.68	7.73	-	7.91	8.29
Long-Term Debt to NOPAT	8.68	7.58	7.95	7.95	8.18	8.13	6.77	7.38	-	7.74	8.06
Altman Z-Score	0.36	0.28	0.35	0.36	0.39	0.43	0.37	0.44	-	0.40	0.38
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	0.68	0.71	0.75	0.81	0.80	0.77	0.46	0.67	-	0.84	0.69
Quick Ratio	0.26	0.28	0.32	0.40	0.39	0.36	0.22	0.31	-	0.46	0.34
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	768	1,422	1,482	402	463	351	329	360	189	316	453
Operating Cash Flow to CapEx	898.99%	894.10%	1,205.95%	1,166.16%	1,364.39%	1,027.36%	1,498.46%	1,125.77%	-	1,304.12%	1,441.31%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.28	0.27	0.28	0.28	0.31	0.31	0.32	0.32	-	0.32	0.33
Accounts Receivable Turnover	13.20	9.30	9.17	11.99	12.83	12.71	12.76	12.82	-	13.47	13.25
Inventory Turnover	3.43	2.29	2.46	3.62	4.26	4.48	4.87	4.96	-	5.22	5.41
Fixed Asset Turnover	0.00	14.85	15.30	17.49	19.56	19.76	20.08	20.44	-	19.94	19.70
Accounts Payable Turnover	2.16	2.12	2.36	2.95	3.93	4.55	4.63	4.96	-	8.02	5.28
Days Sales Outstanding (DSO)	27.64	39.23	39.82	30.43	28.45	28.71	28.61	28.46	-	27.11	27.55
Days Inventory Outstanding (DIO)	106.52	159.24	148.23	100.89	85.77	81.46	74.92	73.61	-	69.93	67.47
Days Payable Outstanding (DPO)	168.75	172.10	154.42	123.72	92.80	80.30	78.88	73.62	-	45.53	69.19
Cash Conversion Cycle (CCC)	-34.59	26.38	33.64	7.60	21.43	29.87	24.66	28.45	-	51.50	25.83
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	11,480	11,506	11,439	11,460	11,351	11,390	11,364	11,328	11,389	11,317	11,137
Invested Capital Turnover	0.40	0.38	0.38	0.41	0.43	0.43	0.44	0.45	-	0.45	0.46
Increase / (Decrease) in Invested Capital	-394	-1,276	-1,289	-165	-129	-116	-76	-133	38	-74	-227
Enterprise Value (EV)	13,745	13,781	14,339	14,012	13,725	14,863	14,703	14,875	-	12,905	12,804
Market Capitalization	6,049	6,011	6,763	6,496	6,222	7,135	7,040	7,240	-	5,388	5,145
Book Value per Share	$4.11	$4.10	$4.18	$4.27	$4.19	$4.13	$4.37	$4.40	$4.61	$4.63	$4.39
Tangible Book Value per Share	($6.50)	($6.60)	($6.52)	($6.48)	($6.57)	($6.95)	($7.32)	($7.33)	($7.23)	($7.35)	($7.99)
Total Capital	11,614	11,625	11,533	11,618	11,508	11,437	11,475	11,465	11,468	11,469	11,165
Total Debt	7,826	7,889	7,724	7,721	7,707	7,819	7,815	7,806	7,690	7,669	7,688
Total Long-Term Debt	7,513	7,567	7,532	7,525	7,511	7,613	6,751	7,284	7,379	7,360	7,447
Net Debt	7,696	7,770	7,576	7,516	7,503	7,728	7,663	7,635	7,581	7,517	7,660
Capital Expenditures (CapEx)	46	41	47	43	34	45	38	43	50	49	46
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-293	-205	-287	-251	-267	-144	-200	-139	134	-9.78	-131
Debt-free Net Working Capital (DFNWC)	-163	-86	-138	-46	-63	-53	-47	32	243	142	-103
Net Working Capital (NWC)	-476	-408	-330	-242	-259	-260	-1,112	-490	-67	-167	-344
Net Nonoperating Expense (NNE)	-202	55	100	109	144	95	88	83	81	74	73
Net Nonoperating Obligations (NNO)	7,692	7,770	7,631	7,563	7,551	7,773	7,704	7,669	7,611	7,517	7,660
Total Depreciation and Amortization (D&A)	299	306	303	303	311	311	311	322	317	323	327
Debt-free, Cash-free Net Working Capital to Revenue	-6.31%	-4.46%	-6.20%	-5.35%	-5.45%	-2.90%	-3.95%	-2.72%	-	-0.19%	-2.54%
Debt-free Net Working Capital to Revenue	-3.51%	-1.88%	-2.98%	-0.98%	-1.29%	-1.06%	-0.94%	0.63%	-	2.76%	-2.00%
Net Working Capital to Revenue	-10.22%	-8.90%	-7.14%	-5.18%	-5.28%	-5.22%	-21.97%	-9.58%	-	-3.25%	-6.65%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.26	$0.20	$0.20	$0.28	$0.44	$0.32	$0.40	$0.36	$0.36	$0.42	$0.40
Adjusted Weighted Average Basic Shares Outstanding	911.59M	910.64M	903.02M	905.21M	901.27M	862.77M	832.38M	819.49M	832.57M	814.46M	761.05M
Adjusted Diluted Earnings per Share	$1.22	$0.20	$0.20	$0.26	$0.38	$0.30	$0.36	$0.32	$0.36	$0.38	$0.38
Adjusted Weighted Average Diluted Shares Outstanding	973.89M	973.14M	963.87M	0.00	963.45M	926.06M	894.70M	883.19M	895.92M	876.60M	820.13M
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	922.31M	910.37M	911.83M	907.01M	876.50M	836.51M	831.27M	819.76M	820.12M	791.49M	730.56M
Normalized Net Operating Profit after Tax (NOPAT)	378	180	194	238	314	235	253	228	227	242	227
Normalized NOPAT Margin	36.75%	14.91%	16.11%	19.10%	25.27%	18.55%	19.69%	17.54%	-	18.95%	17.29%
Pre Tax Income Margin	38.24%	10.10%	15.44%	14.65%	26.17%	15.27%	17.64%	15.30%	-	17.79%	16.45%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	27.77%	19.12%	21.75%	18.54%	36.38%	36.19%	31.50%	29.95%	-	29.30%	29.49%
Augmented Payout Ratio	27.77%	32.98%	35.61%	29.06%	84.39%	135.11%	134.68%	147.67%	-	81.55%	145.63%

Financials Breakdown Chart

Key Financial Trends

ADT’s latest quarter showed stable revenue, solid operating cash flow, and continued earnings growth, but the balance sheet remains heavily leveraged. Over the last several years, the company has generally maintained a fairly consistent top line while improving near-term profitability and generating strong cash from operations. At the same time, debt levels remain high and shareholder equity is still relatively thin compared with total liabilities.

Q1 2026 revenue rose slightly year over year to $1.279 billion from $1.277 billion in Q4 2025 and $1.268 billion in Q1 2025, showing a stable recurring-revenue profile.
Operating income improved to $325 million in Q1 2026, up from $333 million in Q4 2025 but above $319 million in Q1 2025, reflecting generally steady profitability.
Net income attributable to common shareholders increased to $168 million in Q1 2026, versus $145 million in Q4 2025 and $140 million in Q1 2025.
Diluted EPS improved to $0.38 in Q1 2026 from $0.36 in Q4 2025 and $0.30 in Q1 2025, suggesting modest earnings momentum.
ADT continues to produce strong operating cash flow, with $638 million from operations in Q1 2026, well above reported net income.
The company’s cash balance improved meaningfully to $119 million at March 31, 2026, from $63 million in Q3 2025 and just $3.7 million in Q1 2025.
Gross profit has been fairly stable over the last year, staying around the $1.03 billion range each quarter, indicating consistency in the core business.
ADT continues to invest in acquisitions and capital spending, which can support growth but also reduces short-term cash flexibility.
Debt remains a major issue: total debt was roughly $7.67 billion in Q1 2026, including $7.36 billion of long-term debt.
Total liabilities of $12.11 billion still far exceed common equity of $3.80 billion, leaving the balance sheet highly leveraged.
Retained earnings were still negative at $(2.78 billion) in Q1 2026, showing years of accumulated losses and/or shareholder distributions.
Interest and investment income was negative in the latest quarter at $(98 million), highlighting the burden of financing costs and debt structure.

Longer-term trend: ADT has improved from the weaker periods seen in 2022 and early 2023, when quarterly results included net losses and more pressure from non-operating items. Since then, the company has delivered more consistent profits and operating cash flow. However, the business still looks like a classic leveraged cash generator: resilient cash flow, but with limited balance-sheet room for error.

Bottom line: ADT’s operating trends look reasonably steady, and the latest quarter showed better earnings and cash generation. But investors should keep a close eye on leverage, refinancing needs, and the company’s ability to keep converting earnings into cash while gradually reducing debt.

08/10/26 03:03 AM ETAI Generated. May Contain Errors.

ADT Financials - Frequently Asked Questions

According to the most recent income statement we have on file, ADT's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

ADT's net income appears to be on a downward trend, with a most recent value of $595.95 million in 2025, rising from $296 million in 2015. The previous period was $501.05 million in 2024. See ADT's forecast for analyst expectations on what's next for the company.

ADT's total operating income in 2025 was $1.31 billion, based on the following breakdown:

Total Gross Profit: $4.15 billion
Total Operating Expenses: $2.84 billion

Over the last 10 years, ADT's total revenue changed from $3.57 billion in 2015 to $5.13 billion in 2025, a change of 43.5%.

ADT's total liabilities were at $12.04 billion at the end of 2025, a 1.7% decrease from 2024, and a 62.2% increase since 2014.

In the past 10 years, ADT's cash and equivalents has ranged from $14.62 million in 2023 to $363.18 million in 2018, and is currently $80.82 million as of their latest financial filing in 2025.

Over the last 10 years, ADT's book value per share changed from 17.18 in 2015 to 4.61 in 2025, a change of -73.2%.

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Financial statements for NYSE:ADT last updated on 7/30/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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ADT (ADT) Financials

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ADT (ADT) Financials

Annual Income Statements for ADT

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Quarterly Cash Flow Statements for ADT

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Quarterly Balance Sheets for ADT

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Quarterly Metrics And Ratios for ADT

Financials Breakdown Chart

Key Financial Trends

ADT Financials - Frequently Asked Questions

When does ADT's fiscal year end?

How has ADT's net income changed over the last 10 years?

What is ADT's operating income?

How has ADT's revenue changed over the last 10 years?

How much debt does ADT have?

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How has ADT's book value per share changed over the last 10 years?

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