ADI - Analog Devices, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$311.38
DETAILS
HIGH:
$375.00
LOW:
$270.00
MEDIAN:
$307.00
CONSENSUS:
$311.38
UPSIDE:
3.73%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 11,019.7 | 9,427.2 | 12,305.5 | 12,014.0 | 7,318.3 | 5,603.1 | 5,991.1 | 6,224.7 | 5,246.4 | 3,421.4 |
| Cost of Revenue | 4,995.9 | 4,045.8 | 4,428.3 | 4,210.1 | 2,462.2 | 1,912.6 | 1,977.3 | 1,974.3 | 1,719.4 | 1,194.2 |
| Gross Profit | 6,023.8 | 5,381.3 | 7,877.2 | 7,803.9 | 4,856.1 | 3,690.5 | 4,013.8 | 4,250.4 | 3,527.0 | 2,227.2 |
| Operating Expenses | ||||||||||
| R&D Expenses | 1,766.0 | 1,487.9 | 1,660.2 | 1,700.5 | 1,296.1 | 1,050.5 | 1,130.3 | 1,165.0 | 968.1 | 653.8 |
| SG&A Expenses | 1,255.3 | 1,075.3 | 1,278.5 | 1,270.0 | 918.7 | 660.9 | 647.9 | 696.6 | 644.4 | 461.4 |
| Other Expenses | 0.0 | 785.4 | 1,115.5 | 1,554.6 | 949.1 | 480.8 | 524.9 | 489.2 | 751.7 | 83.8 |
| Operating Expenses | 3,021.3 | 3,348.5 | 4,054.1 | 4,525.2 | 3,163.9 | 2,192.2 | 2,303.1 | 2,350.8 | 2,364.2 | 1,199.1 |
| Operating Income | ||||||||||
| Operating Income | 3,002.5 | 2,032.8 | 3,823.1 | 3,278.7 | 1,692.2 | 1,498.2 | 1,710.6 | 1,899.6 | 1,162.8 | 1,028.1 |
| Interest Expense | 317.7 | 322.2 | 264.6 | 200.4 | 184.8 | 193.3 | 229.1 | 253.6 | 250.8 | 88.8 |
| Interest Income | 105.3 | 78.8 | 41.3 | 6.9 | 1.2 | 4.3 | 10.2 | 9.4 | 30.3 | 21.2 |
| Profitability | ||||||||||
| EBITDA | 5,028.7 | 4,203.9 | 6,165.7 | 5,596.7 | 2,588.2 | 2,315.8 | 2,526.1 | 2,708.0 | 1,769.6 | 1,255.5 |
| EBIT | 3,029.8 | 2,099.6 | 3,872.6 | 3,299.2 | 1,513.5 | 1,504.9 | 1,714.8 | 1,908.9 | 1,185.6 | 1,045.7 |
| Income Before Tax | 2,712.1 | 1,777.3 | 3,608.0 | 3,098.7 | 1,328.7 | 1,311.6 | 1,485.7 | 1,655.3 | 934.7 | 956.9 |
| Income Tax Expense | 444.8 | 142.1 | 293.4 | 350.2 | (61.7) | 90.9 | 122.7 | 148.3 | 129.4 | 95.3 |
| Net Income | 2,267.3 | 1,635.3 | 3,314.6 | 2,748.6 | 1,390.4 | 1,220.8 | 1,363.0 | 1,507.0 | 805.4 | 861.7 |
| Per Share Data | ||||||||||
| EPS (Basic) | 4.59 | 3.30 | 6.60 | 5.29 | 3.50 | 3.31 | 3.69 | 4.04 | 2.32 | 2.79 |
| EPS (Diluted) | 4.56 | 3.28 | 6.55 | 5.25 | 3.46 | 3.28 | 3.66 | 3.99 | 2.29 | 2.76 |
| Shares Outstanding | 494.4 | 496.2 | 502.2 | 519.2 | 397.5 | 368.6 | 369.1 | 370.4 | 346.4 | 308.7 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 2,499.4 | 1,991.3 | 958.1 | 1,470.6 | 1,978.0 | 1,055.9 | 648.3 | 816.6 | 1,047.8 | 921.1 |
| Short-Term Investments | 1,152.9 | 371.8 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 3,134.7 |
| Net Receivables | 1,436.1 | 1,336.3 | 1,469.7 | 1,800.5 | 1,459.1 | 737.5 | 635.1 | 639.7 | 689.0 | 477.6 |
| Inventory | 1,656.3 | 1,447.7 | 1,642.2 | 1,399.9 | 1,200.6 | 608.3 | 609.9 | 586.8 | 550.8 | 376.6 |
| Other Current Assets | 363.3 | 337.5 | 314.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Total Current Assets | 7,108.1 | 5,484.7 | 4,384.0 | 4,938.0 | 5,378.3 | 2,517.7 | 1,985.1 | 2,112.1 | 2,351.3 | 4,974.9 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 3,315.7 | 3,415.6 | 3,219.2 | 2,401.3 | 1,979.1 | 1,120.6 | 1,220.0 | 1,154.3 | 1,107.3 | 636.1 |
| Goodwill | 26,945.2 | 26,909.8 | 26,913.1 | 26,913.1 | 26,918.5 | 12,278.4 | 12,256.9 | 12,252.6 | 12,217.5 | 1,679.1 |
| Intangible Assets | 8,013.8 | 9,585.5 | 11,312.0 | 13,265.4 | 15,267.2 | 3,650.3 | 4,217.2 | 4,778.2 | 5,319.4 | 549.4 |
| Long-Term Investments | 0.0 | 0.0 | 0.0 | 122.3 | 127.9 | 86.7 | 77.3 | 28.7 | 24.8 | 21.9 |
| Other Non-Current Assets | 742.9 | 749.1 | 742.9 | 397.3 | 383.9 | 311.9 | 53.7 | 102.7 | 88.6 | 72.9 |
| Total Non-Current Assets | 40,884.7 | 42,743.6 | 44,410.5 | 45,364.4 | 46,943.8 | 18,950.9 | 19,407.5 | 18,337.7 | 18,790.0 | 2,995.4 |
| Total Assets | 47,992.7 | 48,228.3 | 48,794.5 | 50,302.3 | 52,322.1 | 21,468.6 | 21,392.6 | 20,449.8 | 21,141.3 | 7,970.3 |
| Current Liabilities | ||||||||||
| Account Payables | 543.8 | 487.5 | 493.0 | 582.2 | 443.4 | 227.3 | 225.3 | 260.9 | 236.6 | 171.4 |
| Short-Term Debt | 446.6 | 947.4 | 1,046.3 | 0.0 | 516.7 | 0.0 | 299.7 | 67.0 | 300.0 | 0.0 |
| Deferred Revenue | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 487.4 | 474.0 | 351.5 |
| Other Current Liabilities | 468.2 | 256.9 | 389.6 | 465.5 | 381.7 | 418.3 | 307.3 | (232.5) | 271.3 | 112.0 |
| Total Current Liabilities | 3,245.8 | 2,988.3 | 3,201.0 | 2,442.7 | 2,770.3 | 1,365.0 | 1,508.6 | 1,051.7 | 1,596.3 | 782.9 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 8,145.1 | 6,634.3 | 5,902.5 | 6,548.6 | 6,253.2 | 5,145.1 | 5,192.3 | 6,265.7 | 7,551.1 | 1,732.2 |
| Deferred Tax Liabilities | 2,163.3 | 2,624.4 | 3,127.9 | 3,622.5 | 3,938.8 | 1,919.6 | 2,088.2 | 990.4 | 1,674.7 | 109.9 |
| Other Non-Current Liabilities | 622.8 | 805.0 | 998.1 | 1,223.2 | 1,367.2 | 1,041.0 | 894.4 | 862.4 | 157.7 | 179.6 |
| Total Non-Current Liabilities | 10,931.2 | 10,063.7 | 10,028.4 | 11,394.4 | 11,559.2 | 8,105.7 | 8,174.8 | 8,118.4 | 9,383.4 | 2,021.7 |
| Total Liabilities | 14,177.0 | 13,052.0 | 13,229.4 | 13,837.0 | 14,329.5 | 9,470.7 | 9,683.5 | 9,170.2 | 10,979.8 | 2,804.7 |
| Stockholders' Equity | ||||||||||
| Common Stock | 81.6 | 82.7 | 82.7 | 84.9 | 87.6 | 61.6 | 61.4 | 61.7 | 61.4 | 51.4 |
| Retained Earnings | 10,539.5 | 10,196.6 | 10,356.8 | 8,721.3 | 7,517.3 | 7,236.2 | 6,899.3 | 5,982.7 | 4,910.9 | 4,785.8 |
| Accumulated Other Comprehensive Income | (154.6) | (185.3) | (188.3) | (198.2) | (186.6) | (249.5) | (187.8) | (58.4) | (61.4) | (73.8) |
| Total Stockholders' Equity | 33,815.8 | 35,176.3 | 35,565.1 | 36,465.3 | 37,992.5 | 11,997.9 | 11,709.2 | 11,268.2 | 10,161.5 | 5,165.6 |
| Total Liabilities & Equity | 47,992.7 | 48,228.3 | 48,794.5 | 50,302.3 | 52,322.1 | 21,468.6 | 21,392.6 | 20,438.4 | 21,141.3 | 7,970.3 |
| Debt Metrics | ||||||||||
| Total Debt | 8,664.6 | 7,649.8 | 7,013.5 | 6,602.3 | 6,822.5 | 5,185.0 | 5,491.9 | 6,332.7 | 7,851.1 | 1,732.2 |
| Net Debt | 6,165.2 | 5,658.5 | 6,055.4 | 5,131.7 | 4,844.5 | 4,129.2 | 4,843.6 | 5,516.1 | 6,803.2 | 811.0 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 2,267.3 | 1,635.3 | 3,314.6 | 2,748.6 | 1,390.4 | 1,220.8 | 1,363.0 | 1,495.4 | 727.3 | 861.7 |
| Depreciation & Amortization | 1,998.8 | 2,104.3 | 2,293.1 | 2,297.5 | 1,074.6 | 810.9 | 811.3 | 799.1 | 584.1 | 209.8 |
| Stock-Based Compensation | 321.6 | 262.7 | 299.8 | 323.5 | 243.6 | 149.5 | 150.3 | 151.2 | 104.2 | 63.4 |
| Change in Working Capital | 481.0 | 194.7 | (645.6) | (883.7) | (108.1) | 153.4 | (35.3) | 696.9 | 216.9 | 120.5 |
| Other Non-Cash Items | (9.9) | 23.1 | 8.7 | 316.3 | 541.4 | (212.2) | 55.1 | 36.6 | 306.1 | 17.4 |
| Operating Cash Flow | 4,812.2 | 3,852.5 | 4,817.6 | 4,475.4 | 2,735.1 | 2,008.5 | 2,253.1 | 2,442.4 | 1,112.6 | 1,280.9 |
| Investing Activities | ||||||||||
| Capital Expenditure | (533.6) | (730.5) | (1,261.5) | (699.3) | (343.7) | (165.7) | (275.4) | (254.9) | (204.1) | (127.4) |
| Acquisitions | (45.7) | 0.0 | 0.0 | 0.0 | 2,450.6 | 0.0 | (11.2) | (52.8) | (9,632.6) | (83.2) |
| Purchases of Investments | (1,150.2) | (438.9) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (705.5) | (7,697.3) |
| Sales/Maturities of Investments | 372.8 | 69.3 | 0.0 | 0.0 | 30.1 | 0.0 | 0.0 | 0.0 | 3,940.0 | 6,708.1 |
| Other Investing Activities | 35.1 | (4.8) | (4.9) | 41.9 | 6.5 | (14.8) | (6.6) | (6.3) | (15.8) | (18.5) |
| Investing Cash Flow | (1,321.5) | (1,104.9) | (1,266.4) | (657.4) | 2,143.5 | (180.5) | (293.2) | (314.0) | (6,618.0) | (1,218.3) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 989.7 | 588.4 | 481.5 | (223.0) | 347.7 | (354.4) | (850.0) | (1,531.2) | 6,106.2 | 830.6 |
| Stock Repurchased | (2,164.6) | (615.6) | (2,964.0) | (2,577.0) | (3,105.1) | (244.5) | (613.0) | (226.0) | (46.5) | (370.1) |
| Dividends Paid | (1,924.4) | (1,795.5) | (1,679.1) | (1,544.6) | (1,109.3) | (886.2) | (777.5) | (703.3) | (602.1) | (513.2) |
| Other Financing Activities | 7.8 | 108.3 | 97.8 | 53.8 | 407.2 | 64.4 | 113.7 | 3.4 | 171.1 | 29.7 |
| Financing Cash Flow | (2,982.6) | (1,714.4) | (4,063.8) | (4,290.7) | (3,959.7) | (1,420.6) | (2,126.8) | (2,358.0) | 5,628.6 | (22.9) |
| Cash Position | ||||||||||
| Net Change in Cash | 508.1 | 1,033.3 | (512.5) | (507.4) | 922.1 | 407.5 | (168.3) | (231.2) | 126.7 | 36.8 |
| Cash at Beginning | 1,991.3 | 958.1 | 1,470.6 | 1,978.0 | 1,055.9 | 648.3 | 816.6 | 1,047.8 | 921.1 | 884.4 |
| Cash at End | 2,499.4 | 1,991.3 | 958.1 | 1,470.6 | 1,978.0 | 1,055.9 | 648.3 | 816.6 | 1,047.8 | 921.1 |
| Free Cash Flow | 4,278.6 | 3,122.1 | 3,556.2 | 3,776.1 | 2,391.4 | 1,842.8 | 1,977.7 | 2,187.5 | 908.5 | 1,153.5 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 11,019.7 | 9,427.2 | 12,305.5 | 12,014.0 | 7,318.3 | 5,603.1 | 5,991.1 | 6,224.7 | 5,246.4 | 3,421.4 |
| Gross Profit | 6,023.8 | 5,381.3 | 7,877.2 | 7,803.9 | 4,856.1 | 3,690.5 | 4,013.8 | 4,250.4 | 3,527.0 | 2,227.2 |
| Operating Income | 3,002.5 | 2,032.8 | 3,823.1 | 3,278.7 | 1,692.2 | 1,498.2 | 1,710.6 | 1,899.6 | 1,162.8 | 1,028.1 |
| Net Income | 2,267.3 | 1,635.3 | 3,314.6 | 2,748.6 | 1,390.4 | 1,220.8 | 1,363.0 | 1,507.0 | 805.4 | 861.7 |
| EPS (Diluted) | 4.56 | 3.28 | 6.55 | 5.25 | 3.46 | 3.28 | 3.66 | 3.99 | 2.29 | 2.76 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 2,499.4 | 1,991.3 | 958.1 | 1,470.6 | 1,978.0 | 1,055.9 | 648.3 | 816.6 | 1,047.8 | 921.1 |
| Total Assets | 47,992.7 | 48,228.3 | 48,794.5 | 50,302.3 | 52,322.1 | 21,468.6 | 21,392.6 | 20,449.8 | 21,141.3 | 7,970.3 |
| Total Debt | 8,664.6 | 7,649.8 | 7,013.5 | 6,602.3 | 6,822.5 | 5,185.0 | 5,491.9 | 6,332.7 | 7,851.1 | 1,732.2 |
| Stockholders' Equity | 33,815.8 | 35,176.3 | 35,565.1 | 36,465.3 | 37,992.5 | 11,997.9 | 11,709.2 | 11,268.2 | 10,161.5 | 5,165.6 |
| Cash Flow | ||||||||||
| Operating Cash Flow | 4,812.2 | 3,852.5 | 4,817.6 | 4,475.4 | 2,735.1 | 2,008.5 | 2,253.1 | 2,442.4 | 1,112.6 | 1,280.9 |
| Capital Expenditure | (533.6) | (730.5) | (1,261.5) | (699.3) | (343.7) | (165.7) | (275.4) | (254.9) | (204.1) | (127.4) |
| Free Cash Flow | 4,278.6 | 3,122.1 | 3,556.2 | 3,776.1 | 2,391.4 | 1,842.8 | 1,977.7 | 2,187.5 | 908.5 | 1,153.5 |