15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 14.5% per year over the past 5 years.
Net income has grown slower than revenue (13.2% vs 14.5% per year).
Operating margin has been roughly flat, at 26.6% in the latest year.
Free cash flow has grown 18.3% per year over the past 5 years.
Financial health
Total debt ($8.6B) exceeds cash ($2.5B); net debt is $6.1B.
Total debt has grown slower than revenue (6.1% vs 14.5% per year).
Operating income covered interest expense 9.2× in the latest year.
Total debt is 2.9× EBITDA.
Shareholder returns
Dividends have been paid for 15 consecutive years, consuming 84.9% of earnings and 45.0% of free cash flow.
The dividend has grown 16.8% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$11.0B
$2.3B
61.5%
26.6%
6.7%
4.7%
$4.3B
$8.6B
$2.5B
2024
$9.4B
$1.6B
57.1%
21.6%
4.6%
3.4%
$3.1B
$7.6B
$2.0B
2023
$12.3B
$3.3B
64.0%
31.1%
9.3%
6.8%
$3.6B
$6.9B
$958M
2022
$12.0B
$2.7B
62.7%
27.3%
7.5%
5.5%
$3.8B
$6.6B
$1.5B
2021
$7.3B
$1.4B
61.8%
23.1%
3.7%
2.7%
$2.4B
$6.8B
$2.0B
2020
$5.6B
$1.2B
65.9%
26.7%
10.2%
5.7%
$1.8B
—
$1.1B
2019
$6.0B
$1.4B
67.0%
28.6%
11.6%
6.4%
$2.0B
—
$648M
2018
$6.2B
$1.5B
68.3%
30.5%
13.4%
7.4%
$2.2B
—
$817M
2017
$5.2B
$805M
60.4%
22.2%
7.9%
3.8%
$950M
—
$1.0B
2016
—
$862M
—
—
16.7%
10.8%
$1.2B
—
$921M
2015
—
$697M
—
—
13.7%
9.9%
$754M
—
$884M
2014
—
$629M
—
—
13.2%
9.2%
$694M
—
$569M
2013
—
$673M
—
—
14.2%
10.6%
$789M
—
$392M
2012
—
$651M
—
—
15.6%
11.6%
$682M
—
$529M
2011
—
$867M
—
—
22.9%
16.4%
$778M
—
$1.4B
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Aug '26
$4.0B
$1.3B
67.3%
40.1%
4.0%
2.8%
$1.5B
$9.1B
$2.2B
May '26
$3.6B
$1.2B
67.3%
38.1%
3.5%
2.5%
$734M
$8.7B
$2.4B
Jan '26
$3.2B
$831M
64.7%
31.5%
2.5%
1.7%
$1.3B
$8.7B
$2.9B
Nov '25
$3.1B
$788M
63.1%
30.7%
2.3%
1.6%
$1.5B
$8.6B
$2.5B
Aug '25
$2.9B
$519M
62.1%
28.4%
1.5%
1.1%
$1.1B
$8.7B
$2.3B
May '25
$2.6B
$570M
61.0%
25.7%
1.6%
1.2%
$729M
$7.2B
$2.4B
Feb '25
$2.4B
$391M
59.0%
20.3%
1.1%
0.8%
$978M
$7.6B
$2.3B
Nov '24
$2.4B
$478M
58.0%
23.3%
1.4%
1.0%
$885M
$7.6B
$2.0B
Aug '24
$2.3B
$392M
56.7%
21.2%
1.1%
0.8%
$701M
$8.1B
$2.1B
May '24
$2.2B
$302M
54.7%
17.9%
0.9%
0.6%
$620M
$8.1B
$1.9B
Feb '24
$2.5B
$463M
58.7%
23.3%
1.3%
1.0%
$916M
$7.0B
$1.3B
Oct '23
$2.7B
$498M
60.6%
23.4%
1.4%
1.0%
$711M
$6.9B
$958M
Jul '23
$3.1B
$877M
63.8%
30.2%
2.4%
1.8%
$818M
$7.1B
$1.1B
Apr '23
$3.3B
$978M
65.7%
34.6%
2.7%
2.0%
$797M
$6.8B
$1.2B
Jan '23
$3.2B
$961M
65.4%
34.8%
2.6%
1.9%
$1.2B
$6.6B
$1.7B
Oct '22
$3.2B
$936M
66.0%
33.9%
2.6%
1.9%
$845M
$6.6B
$1.5B
Jul '22
$3.1B
$749M
65.7%
28.7%
2.0%
1.5%
$1.1B
$6.3B
$1.5B
Apr '22
$3.0B
$783M
65.4%
30.9%
2.1%
1.5%
$1.1B
$6.3B
$1.7B
Jan '22
$2.7B
$280M
52.2%
13.6%
0.7%
0.5%
$745M
$6.3B
$1.8B
Oct '21
$2.3B
$76M
47.9%
4.2%
0.2%
0.1%
$810M
$6.8B
$2.0B
Valuation over time
How the market has priced ADI against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 34.8× (Mar '23) to 88.3× (Nov '26).
The price-to-sales ratio has risen from 8.0× (Mar '23) to 18.2× (Nov '26).
The dividend yield has fallen from 1.6% (Mar '23) to 1.0% (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is ADI growing its revenue and profit?
Over the past 5 years, Analog Devices's revenue has grown 14.5% per year, and net income grown 13.2% per year. These are computed facts, not advice.
How much debt does ADI have?
As of FY2025, Analog Devices reported $8.6B of total debt against $2.5B of cash; operating income covered interest expense 9.2×.
What is ADI's profit margin?
In FY2025, gross margin was 61.5%, operating margin 26.6%, and net margin 20.6%.
What is ADI's P/E ratio?
Analog Devices's P/E (TTM) is 48.41 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the ADI stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 88.3× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.