ADINasdaqSemiconductors & Related DevicesFiscal year ends October 31
ANALOG DEVICES INC
Financials through Q3 FY2026, quarter ended Aug 1, 2026Last filing: 10-Q on Aug 19, 2026
$394.35−1.09 (-0.28%)
Close on Oct 19, 2026
- Market cap
- $192.77B
- P/E (TTM)
- 46.8
- Dividend yield
- 0.99%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
61.5%−4.4 pts over 5 years
Operating margin
26.6%−0.1 pts over 5 years
Net margin
20.6%−1.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +16.9% | -2.8% | +14.5% | +12.4% | |
| Gross profit | +25.9% | -3.5% | +12.9% | +11.6% | |
| Operating income | +44.3% | -3.7% | +14.4% | +13.4% | |
| Net income | +38.7% | -6.2% | +13.2% | +12.5% | |
| EPS, diluted | +39.0% | -4.6% | +6.8% | – | |
| Free cash flow | +37.0% | +4.3% | +18.3% | +19.0% | |
| Dividend per share | +7.5% | +9.4% | +10.1% | +9.5% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 16.8% | 10.3% | 6.6% | |
| Return on assets | 11.5% | 5.7% | 4.7% | |
| Current ratio | 6.35 | 1.84 | 2.19 | |
| Debt to equity | – | – | 0.25 | |
| Interest coverage | 11.6× | 7.8× | 9.2× | |
| Inventory turnover | 3.0× | 3.1× | 2.7× | |
| Capex to revenue | 3.7% | 3.0% | 4.8% | |
| Diluted shares | 312M | 372M | 497M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Analog Devices generated $20.69B from operations and spent $22.55B on capital expenditure, dividends and share buybacks. 16% of that went back into the business.
Generated
$20.69B
Used
$22.55B
Capital expenditure$3.57B16%Dividends$8.05B36%Share buybacks$10.93B48%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin20.6%
×Asset turnover0.23×
×Equity multiplier1.39×
=Return on equity, FY20256.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 20.6% | 0.23× | 1.39× | 6.6% |
| FY2024 | 17.3% | 0.19× | 1.37× | 4.6% |
| FY2023 | 26.9% | 0.25× | 1.38× | 9.2% |
| FY2022 | 22.9% | 0.23× | 1.38× | 7.4% |
| FY2021 | 19.0% | 0.20× | 1.48× | 5.6% |
| FY2020 | 21.8% | 0.26× | 1.81× | 10.3% |
| FY2019 | 22.8% | 0.29× | 1.82× | 11.9% |
| FY2018 | 24.2% | 0.30× | 1.94× | 14.1% |
| FY2017 | 15.4% | 0.36× | 1.90× | 10.5% |
| FY2016 | 25.2% | 0.46× | 1.47× | 16.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
8of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$2.27B
- Cash generatingOperating cash flow above zero$4.81B
- Return on assets improvedROA up on the prior year3.4% → 4.7%
- Earnings backed by cashOperating cash flow above net income$4.81B vs $2.27B
- Less leverageLong-term debt to assets fell13.8% → 17.0%
- Better liquidityCurrent ratio rose1.84 → 2.19
- No dilutionShare count did not rise499M → 497M
- Gross margin improvedGross margin up on the prior year57.08% → 61.47%
- More efficientAsset turnover rose0.19 → 0.23