14 years of revenue, profit, cash flow and balance-sheet history through FY2026,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 1.7% per year over the past 5 years.
Net income has grown slower than revenue (-14.3% vs -1.7% per year).
Operating margin has contracted, at 11.2% in the latest year.
Free cash flow has declined 9.4% per year over the past 5 years.
Financial health
Total debt ($1.5B) exceeds cash ($1.2B); net debt is $330M.
Total debt has grown in line with revenue (-2.3% vs -1.7% per year).
Operating income covered interest expense 5.6× in the latest year, down from 12× 5 years ago.
Total debt is 3.8× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
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
FCF
Total debt
Cash
2026
$3.7B
$339M
45.9%
11.2%
$680M
$1.5B
$1.2B
2025
$3.7B
$56M
41.3%
2.6%
$485M
$1.5B
$1.0B
2024
$3.8B
-$70M
39.5%
2.4%
$706M
$2.0B
$1.0B
2023
$3.6B
$103M
36.3%
5.1%
$684M
$2.0B
$809M
2022
$4.6B
$1.0B
49.2%
26.4%
$836M
$2.0B
$973M
2021
$4.0B
$734M
46.9%
22.6%
$1.1B
$1.7B
$1.4B
2020
$3.2B
$334M
40.8%
13.1%
$782M
$1.6B
$715M
2019
$3.1B
$133M
38.7%
7.0%
$589M
$921M
$711M
2018
$3.0B
-$40M
38.6%
2.4%
$583M
$983M
$926M
2017
$3.0B
-$17M
37.4%
2.9%
$224M
$989M
$545M
2016
—
-$29M
—
—
$372M
$988M
$426M
2015
—
$196M
—
—
$136M
$0
$300M
2014
—
$13M
—
—
$64M
—
$172M
2013
—
-$53M
—
—
$17M
—
$102M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
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
FCF
Total debt
Cash
Mar '26
$808M
$30M
48.9%
3.9%
$255M
$1.5B
$1.2B
Dec '25
$993M
$164M
46.7%
19.4%
$237M
$1.5B
$1.3B
Sep '25
$1.1B
$120M
47.0%
14.9%
$42M
$1.5B
$1.1B
Jun '25
$819M
$26M
40.5%
3.7%
$145M
$1.5B
$1.2B
Mar '25
$869M
$31M
42.2%
3.2%
$171M
$1.5B
$1.0B
Dec '24
$916M
$41M
42.7%
5.8%
$176M
$1.5B
$769M
Sep '24
$1.0B
-$17M
42.6%
0.9%
$95M
$2.0B
$1.1B
Jun '24
$887M
$414000
37.5%
0.5%
$43M
$2.0B
$1.1B
Mar '24
$941M
$3M
40.6%
3.2%
$170M
$2.0B
$1.0B
Dec '23
$1.1B
-$127M
36.1%
-3.9%
$467M
$2.0B
$1.1B
Sep '23
$1.1B
$97M
44.4%
13.7%
$64M
$2.0B
$707M
Jul '23
$651M
-$44M
35.2%
-7.4%
$5M
$2.0B
$744M
Apr '23
$633M
-$138M
18.1%
-29.9%
$31M
$2.0B
$809M
Dec '22
$743M
-$16M
36.1%
1.2%
$203M
$2.0B
$919M
Oct '22
$1.2B
$189M
46.5%
22.6%
$220M
$2.0B
$912M
Jul '22
$1.0B
$69M
36.2%
9.8%
$230M
$2.0B
$859M
Apr '22
$1.2B
$212M
48.9%
23.2%
$295M
$2.0B
$973M
Jan '22
$1.1B
$216M
49.2%
26.6%
$67M
$2.0B
$989M
Oct '21
$1.3B
$319M
49.5%
28.9%
$198M
$1.7B
$1.2B
Jul '21
$1.1B
$286M
49.2%
26.8%
$276M
$1.7B
$1.2B
Valuation over time
How the market has priced QRVO 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 8.6× (Mar '23) to 24.8× (Jun '26).
The price-to-sales ratio has risen from 1.9× (Mar '23) to 2.3× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is QRVO growing its revenue and profit?
Over the past 5 years, Qorvo's revenue has declined 1.7% per year, and net income declined 14.3% per year. These are computed facts, not advice.
How much debt does QRVO have?
As of FY2026, Qorvo reported $1.5B of total debt against $1.2B of cash; operating income covered interest expense 5.6×.
What is QRVO's profit margin?
In FY2026, gross margin was 45.9%, operating margin 11.2%, and net margin 9.2%.
What is QRVO's P/E ratio?
As of Jun '26, Qorvo traded at a price-to-earnings ratio of about 24.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. 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), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.