Overview
ANALOG DEVICES INC
Latest 10-K: FY2025, filed Nov 25, 2025 · Open the 10-K (Inline XBRL) ↗
- Revenue
- $11.02B
- 16.9%YoYup from FY2024
- TotalRevenue
- Gross profit
- $6.77B
- 25.9%YoYup from FY2024
- GrossProfit
- Operating income
- $2.93B
- 44.3%YoYup from FY2024
- OperatingIncome
- Net income
- $2.27B
- 38.7%YoYup from FY2024
- NetIncome
- Diluted EPS
- $4.56
- 39.0%YoYup from FY2024
- EPSDiluted
- Diluted shares
- 496.7M
- 0.4%YoYdown from FY2024
- WeightedAvgSharesDiluted
At a glance
Growth
- ANALOG DEVICES INC reported revenue of $11.02B for fiscal 2025, up 16.9% from fiscal 2024.
- Revenue grew faster than the median S&P 500 member in 3 of the last 5 fiscal years.
Profitability
- Operating margin was 26.6% and net margin was 20.6%, against a median net margin of 12.8% across S&P 500 members for the same fiscal year.
Per share
- Diluted EPS was $4.56, up 39.0% from the prior year.
Written from the filed figures on this page by fixed rules — no AI.
Data as of Oct 30, 2026 · Sources: SEC EDGAR 10-K
Financial statements
Annual figures from the 10-K, most recent fiscal year first.
Income Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Revenue | $11.02B16.9%up Benchmark median 6.4% | $9.43B23.4%down Benchmark median 4.5% | $12.31B2.4%up Benchmark median 4.8% | $12.01B64.2%up Benchmark median 10.3% | $7.32B30.6%up Benchmark median 13.8% | 10.8% Benchmark median 6.6% |
| Gross Profit Median of 315 / 498 | $6.77B25.9%up Benchmark median 6.8% | $5.38B31.7%down Benchmark median 5.5% | $7.88B4.6%up Benchmark median 5.2% | $7.53B66.5%up Benchmark median 8.3% | $4.53B22.6%up Benchmark median 15.7% | 10.6% Benchmark median 6.2% |
| Operating Income Median of 373 / 498 | $2.93B44.3%up Benchmark median 7.3% | $2.03B46.8%down Benchmark median 7.4% | $3.82B16.6%up Benchmark median 4.9% | $3.28B93.8%up Benchmark median 7.5% | $1.69B12.9%up Benchmark median 23.5% | 14.7% Benchmark median 7.2% |
| Net Income | $2.27B38.7%up Benchmark median 4.8% | $1.64B50.7%down Benchmark median 5.7% | $3.31B20.6%up Benchmark median 1.9% | $2.75B97.7%up Benchmark median 1.3% | $1.39B13.9%up Benchmark median 33.9% | 13.0% Benchmark median 4.1% |
| EPS (Diluted) | $4.5639.0%up Benchmark median 6.2% | $3.2849.9%down Benchmark median 7.9% | $6.5524.8%up Benchmark median 1.9% | $5.2551.7%up Benchmark median 1.5% | $3.465.5%up Benchmark median 34.8% | 7.1% Benchmark median 5.6% |
Balance Sheet
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Total Assets | $47.99B0.5%down Benchmark median 5.6% | $48.23B1.2%down Benchmark median 3.4% | $48.79B3.0%down Benchmark median 4.1% | $50.30B3.9%down Benchmark median 2.2% | $52.32B143.7%up Benchmark median 6.7% | -2.1% Benchmark median 4.7% |
| Total Liabilities Median of 357 / 498 | — | — | — | — | — | — Benchmark median 4.4% |
| Stockholders' Equity | $33.82B3.9%down Benchmark median 6.8% | $35.18B1.1%down Benchmark median 5.4% | $35.57B2.5%down Benchmark median 7.3% | $36.47B4.0%down Benchmark median 2.5% | $37.99B216.7%up Benchmark median 9.0% | -2.9% Benchmark median 6.1% |
| Cash & Equivalents | $2.50B25.5%up Benchmark median 5.2% | $1.99B107.9%up Benchmark median 1.9% | $0.96B34.9%down Benchmark median 6.7% | $1.47B25.7%down Benchmark median -8.6% | $1.98B87.3%up Benchmark median -2.9% | 6.0% Benchmark median 2.0% |
| Total Debt | $8.59B13.3%up Benchmark median 2.1% | $7.58B9.1%up Benchmark median 0.2% | $6.95B6.1%up Benchmark median 0.3% | $6.55B1167.5%up Benchmark median 0.1% | $0.52B† Benchmark median -0.1% | 101.9% Benchmark median 4.3% |
† Sum of short-term and long-term debt; the company files no total-debt line.
Cash Flow Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $4.81B24.9%up Benchmark median 6.3% | $3.85B20.0%down Benchmark median 4.8% | $4.82B7.6%up Benchmark median 9.9% | $4.48B63.6%up Benchmark median -0.7% | $2.74B36.2%up Benchmark median 10.7% | 15.2% Benchmark median 7.0% |
| Capital Expenditures | $0.53B27.0%down Benchmark median 5.4% | $0.73B42.1%down Benchmark median 2.8% | $1.26B80.4%up Benchmark median 11.3% | $0.70B103.5%up Benchmark median 14.0% | $0.34B107.4%up Benchmark median 8.1% | 11.6% Benchmark median 9.0% |
| Free Cash Flow Median of 378 / 498 | $4.28B37.0%up Benchmark median 7.3% | $3.12B12.2%down Benchmark median 6.1% | $3.56B5.8%down Benchmark median 8.8% | $3.78B57.9%up Benchmark median -11.3% | $2.39B29.8%up Benchmark median 10.2% | 15.7% Benchmark median 4.9% |
n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.
Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology
Ratios & valuation
FY2025Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.
Valuation · Earnings yield
What a dollar of market value earned
1.9%
Wall Street
on net earnings
FY2024 1.5%
3.7%
Value investor
on free cash flow
FY2024 2.8%
Gap +1.8 pts: Value-investor figure 1.8 points higher
How it’s calculated
Wall Street · on net earnings
Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)
pe_ratio (ratio table)
P/E 51.3×Value investor · on free cash flow
(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)
free cash flow ÷ market cap
Valuation · Enterprise yield
What a dollar of enterprise value earned
3.7%
Wall Street
on EBITDA
FY2024 3.2%
2.4%
Value investor
on EBIT
FY2024 1.7%
Gap −1.3 pts: Value-investor figure 1.3 points lower
How it’s calculated
Wall Street · on EBITDA
EBITDA ÷ enterprise value (1 ÷ EV/EBITDA)
ev_ebitda (ratio table)
EV/EBITDA 26.8×Value investor · on EBIT
Operating income (EBIT) ÷ enterprise value: depreciation counts as a real cost
operating income ÷ (ev_ebitda × ebitda)
Valuation · Book yield
Net assets behind a dollar of market value
29.1%
Wall Street
on book equity
FY2024 31.3%
n/m
Value investor
on tangible book
FY2024 n/m
How it’s calculated
Wall Street · on book equity
Book value of equity ÷ market capitalisation (1 ÷ P/B)
pb_ratio (ratio table)
P/B 3.4×Value investor · on tangible book
Tangible book value (equity less goodwill and intangibles) ÷ market capitalisation
tangible_book_value_per_share ÷ (pb_ratio × book_value_per_share)
Quality · Return on capital
Profit earned on the money in the business
6.6%
Wall Street
ROE: net income ÷ equity
FY2024 4.6%
5.9%
Value investor
ROIC: after-tax operating profit ÷ invested capital
FY2024 4.3%
Gap −0.7 pts: Value-investor figure 0.7 points lower
How it’s calculated
Wall Street · ROE: net income ÷ equity
Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.
return_on_equity (ratio table)
Value investor · ROIC: after-tax operating profit ÷ invested capital
Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it
roic (ratio table)
Quality · Cash margin
Cash profit kept from each dollar of sales
41.1%
Wall Street
EBITDA margin
FY2024 40.0%
38.8%
Value investor
Free-cash-flow margin
FY2024 33.1%
Gap −2.3 pts: Value-investor figure 2.3 points lower
How it’s calculated
Wall Street · EBITDA margin
EBITDA ÷ revenue
ebitda ÷ revenue
Value investor · Free-cash-flow margin
(Operating cash flow − capital expenditures) ÷ revenue: taxes, interest, working capital and capex all paid
free cash flow ÷ revenue
Balance sheet · Liquidity
Short-term assets per dollar of bills due within a year
2.19×
Wall Street
Current ratio
FY2024 1.84×
1.68×
Value investor
Quick ratio, inventory excluded
FY2024 1.35×
Gap −0.51×: Value-investor figure 0.51 lower
How it’s calculated
Wall Street · Current ratio
Current assets ÷ current liabilities
current_ratio (ratio table)
Value investor · Quick ratio, inventory excluded
(Current assets − inventory) ÷ current liabilities
quick_ratio (ratio table)
Balance sheet · Debt cover
How many times one year of earnings repays all debt
0.53×
Wall Street
EBITDA ÷ total debt
FY2024 0.50×
0.50×
Value investor
FCF ÷ total debt
FY2024 0.41×
Gap −0.03×: Value-investor figure 0.03 lower
How it’s calculated
Wall Street · EBITDA ÷ total debt
EBITDA ÷ total debt (short-term + long-term)
ebitda ÷ total debt
Net debt/EBITDA 1.09×Value investor · FCF ÷ total debt
Free cash flow ÷ total debt: what is actually left to repay it
free cash flow ÷ total debt
Balance sheet · Interest cover
How many times earnings pay the year's interest
14.2×
Wall Street
EBITDA ÷ interest
FY2024 11.7×
9.2×
Value investor
EBIT ÷ interest
FY2024 6.3×
Gap −5.0×: Value-investor figure 5.0 lower
How it’s calculated
Wall Street · EBITDA ÷ interest
EBITDA ÷ interest expense
ebitda_interest_coverage (ratio table)
Value investor · EBIT ÷ interest
Operating income ÷ interest expense
interest_coverage (ratio table)
Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.
Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.
Smart money
Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.
Peers, filings & research
Research Reports
No published research on ADI yet.
Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on ADI and publish the result to your public profile.
Cite this page
Data as of Oct 30, 2026. Canonical address: https://valuein.biz/data/ADI
Valuein. (2026, October 30). ANALOG DEVICES INC (ADI) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/ADI
@misc{valuein_adi_2026,
author = {{Valuein}},
title = {ANALOG DEVICES INC (ADI) financial statements, earnings power and smart-money summary},
year = {2026},
howpublished = {\url{https://valuein.biz/data/ADI}},
note = {Data as of 2026-10-30; source: SEC EDGAR filings}
}10-K filed Nov 25, 2025 · accession 0000006281-25-000153
Agents: every figure Valuein's tools return carries a fact_id that traces to its SEC filing.
point-in-time · survivorship-free · every number traceable to its SEC filing
Index names are trademarks of their owners; Valuein is not affiliated with or endorsed by any index provider.