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Stocks · Technology · Semiconductors & Related Devices

Analog Devices

ADI Clue Score58
United States Fiscal year ends October CIK 0000006281
$406.19 +0.06% Close, 9 Oct 2026
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Price $406.19 +141.92% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue3.42Operating income1.03Net income0.86EPS, diluted2.76Fiscal year 2017Revenue5.25 +53.3%Operating income1.16Net income0.81 −6.5%EPS, diluted2.29 −17.0%Fiscal year 2018Revenue6.22 +18.6%Operating income1.90Net income1.51 +87.1%EPS, diluted4.00 +74.7%Fiscal year 2019Revenue5.99 −3.8%Operating income1.71Net income1.36 −9.6%EPS, diluted3.65 −8.8%Fiscal year 2020Revenue5.60 −6.5%Operating income1.50Net income1.22 −10.4%EPS, diluted3.28 −10.1%Fiscal year 2021Revenue7.32 +30.6%Operating income1.69Net income1.39 +13.9%EPS, diluted3.46 +5.5%Fiscal year 2022Revenue12.01 +64.2%Operating income3.28Net income2.75 +97.7%EPS, diluted5.25 +51.7%Fiscal year 2023Revenue12.31 +2.4%Operating income3.82Net income3.31 +20.6%EPS, diluted6.55 +24.8%Fiscal year 2024Revenue9.43 −23.4%Operating income2.03Net income1.64 −50.7%EPS, diluted3.28 −49.9%Fiscal year 2025Revenue11.02 +16.9%Operating income2.93Net income2.27 +38.7%EPS, diluted4.56 +39.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 3.42 5.25 6.22 5.99 5.60 7.32 12.01 12.31 9.43 11.02
Growth +53.3% +18.6% −3.8% −6.5% +30.6% +64.2% +2.4% −23.4% +16.9%
Operating income 1.03 1.16 1.90 1.71 1.50 1.69 3.28 3.82 2.03 2.93
Net income 0.86 0.81 1.51 1.36 1.22 1.39 2.75 3.31 1.64 2.27
Growth −6.5% +87.1% −9.6% −10.4% +13.9% +97.7% +20.6% −50.7% +38.7%
EPS, diluted 2.76 2.29 4.00 3.65 3.28 3.46 5.25 6.55 3.28 4.56
Growth −17.0% +74.7% −8.8% −10.1% +5.5% +51.7% +24.8% −49.9% +39.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin65.1%Operating margin30.0%Net margin25.2%Free cash flow margin34.0%Fiscal year 2017Gross margin60.4%Operating margin22.2%Net margin15.4%Free cash flow margin18.1%Fiscal year 2018Gross margin68.3%Operating margin30.5%Net margin24.2%Free cash flow margin35.1%Fiscal year 2019Gross margin67.0%Operating margin28.6%Net margin22.8%Free cash flow margin33.0%Fiscal year 2020Gross margin65.9%Operating margin26.7%Net margin21.8%Free cash flow margin32.9%Fiscal year 2021Gross margin61.8%Operating margin23.1%Net margin19.0%Free cash flow margin32.7%Fiscal year 2022Gross margin62.7%Operating margin27.3%Net margin22.9%Free cash flow margin31.4%Fiscal year 2023Gross margin64.0%Operating margin31.1%Net margin26.9%Free cash flow margin28.9%Fiscal year 2024Gross margin57.1%Operating margin21.6%Net margin17.3%Free cash flow margin33.1%Fiscal year 2025Gross margin61.5%Operating margin26.6%Net margin20.6%Free cash flow margin38.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 65.1% 60.4% 68.3% 67.0% 65.9% 61.8% 62.7% 64.0% 57.1% 61.5%
Operating margin 30.0% 22.2% 30.5% 28.6% 26.7% 23.1% 27.3% 31.1% 21.6% 26.6%
Net margin 25.2% 15.4% 24.2% 22.8% 21.8% 19.0% 22.9% 26.9% 17.3% 20.6%
Free cash flow margin 34.0% 18.1% 35.1% 33.0% 32.9% 32.7% 31.4% 28.9% 33.1% 38.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow1.29Capital expenditure−0.13Free cash flow1.16Buybacks−0.37Dividends paid−0.51Fiscal year 2017Operating cash flow1.15Capital expenditure−0.20Free cash flow0.95 −18.4%Buybacks−0.05Dividends paid−0.60Fiscal year 2018Operating cash flow2.44Capital expenditure−0.25Free cash flow2.19 +130.2%Buybacks−0.23Dividends paid−0.70Fiscal year 2019Operating cash flow2.25Capital expenditure−0.28Free cash flow1.98 −9.6%Buybacks−0.61Dividends paid−0.78Fiscal year 2020Operating cash flow2.01Capital expenditure−0.17Free cash flow1.84 −6.8%Buybacks−0.24Dividends paid−0.89Fiscal year 2021Operating cash flow2.74Capital expenditure−0.34Free cash flow2.39 +29.8%Buybacks−2.61Dividends paid−1.11Fiscal year 2022Operating cash flow4.48Capital expenditure−0.70Free cash flow3.78 +57.9%Buybacks−2.58Dividends paid−1.54Fiscal year 2023Operating cash flow4.82Capital expenditure−1.26Free cash flow3.56 −5.8%Buybacks−2.96Dividends paid−1.68Fiscal year 2024Operating cash flow3.85Capital expenditure−0.73Free cash flow3.12 −12.2%Buybacks−0.62Dividends paid−1.80Fiscal year 2025Operating cash flow4.81Capital expenditure−0.53Free cash flow4.28 +37.0%Buybacks−2.16Dividends paid−1.92
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 1.29 1.15 2.44 2.25 2.01 2.74 4.48 4.82 3.85 4.81
Capital expenditure −0.13 −0.20 −0.25 −0.28 −0.17 −0.34 −0.70 −1.26 −0.73 −0.53
Free cash flow 1.16 0.95 2.19 1.98 1.84 2.39 3.78 3.56 3.12 4.28
Growth −18.4% +130.2% −9.6% −6.8% +29.8% +57.9% −5.8% −12.2% +37.0%
Buybacks −0.37 −0.05 −0.23 −0.61 −0.24 −2.61 −2.58 −2.96 −0.62 −2.16
Dividends paid −0.51 −0.60 −0.70 −0.78 −0.89 −1.11 −1.54 −1.68 −1.80 −1.92

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.92Shareholders’ equity5.17Fiscal year 2017Cash1.05Shareholders’ equity10.16Fiscal year 2018Cash0.82Shareholders’ equity11.27Fiscal year 2019Cash0.65Shareholders’ equity11.71Fiscal year 2020Cash1.06Shareholders’ equity12.00Fiscal year 2021Cash1.98Total debt6.78Net cash (debt)−4.80Shareholders’ equity37.99Debt to equity0.18Fiscal year 2022Cash1.47Total debt6.55Net cash (debt)−5.08Shareholders’ equity36.47Debt to equity0.18Fiscal year 2023Cash0.96Total debt6.40Net cash (debt)−5.44Shareholders’ equity35.57Debt to equity0.18Fiscal year 2024Cash1.99Total debt7.03Net cash (debt)−5.04Shareholders’ equity35.18Debt to equity0.20Fiscal year 2025Cash2.50Total debt8.15Net cash (debt)−5.65Shareholders’ equity33.82Debt to equity0.24
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.92 1.05 0.82 0.65 1.06 1.98 1.47 0.96 1.99 2.50
Total debt n/a n/a n/a n/a n/a 6.78 6.55 6.40 7.03 8.15
Net cash (debt) n/a n/a n/a n/a n/a −4.80 −5.08 −5.44 −5.04 −5.65
Shareholders’ equity 5.17 10.16 11.27 11.71 12.00 37.99 36.47 35.57 35.18 33.82
Debt to equity n/a n/a n/a n/a n/a 0.18 0.18 0.18 0.20 0.24

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In billions of USD, except per-share figures; shares in millions. Fiscal years ending November, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 29 Oct 2016 FY2017 28 Oct 2017 FY2018 3 Nov 2018 FY2019 2 Nov 2019 FY2020 31 Oct 2020 FY2021 30 Oct 2021 FY2022 29 Oct 2022 FY2023 28 Oct 2023 FY2024 2 Nov 2024 FY2025 1 Nov 2025
Assets
0.92 1.05 0.82 0.65 1.06 1.98 1.47 0.96 1.99 2.50
0.48 0.69 0.64 0.64 0.74 1.46 1.80 1.47 1.34 1.44
0.38 0.55 0.59 0.61 0.61 1.20 1.40 1.64 1.45 1.66
0.64 1.11 1.15 1.22 1.12 1.98 2.40 3.22 3.42 3.32
1.68 12.22 12.25 12.26 12.28 26.92 26.91 26.91 26.91 26.95
7.97 21.14 20.44 21.39 21.47 52.32 50.30 48.79 48.23 47.99
Growth +165.3% −3.3% +4.7% +0.4% +143.7% −3.9% −3.0% −1.2% −0.5%
Liabilities
n/a n/a n/a n/a n/a n/a 0.00 0.50 0.40 0.00
n/a n/a n/a n/a n/a 6.78 6.55 5.90 6.63 8.15
calc n/a n/a n/a n/a n/a 6.78 6.55 6.40 7.03 8.15
Equity
4.79 4.91 5.98 6.90 7.24 7.52 8.72 10.36 10.20 10.54
5.17 10.16 11.27 11.71 12.00 37.99 36.47 35.57 35.18 33.82
Growth +96.7% +10.9% +3.9% +2.5% +216.7% −4.0% −2.5% −1.1% −3.9%
Per share and net cash
calc n/a n/a n/a n/a n/a −4.80 −5.08 −5.44 −5.04 −5.65
308.2 368.6 370.2 368.3 369.5 525.3 509.3 496.3 496.3 489.7
calc 16.76 27.57 30.44 31.79 32.47 72.32 71.60 71.67 70.88 69.06

Lines marked calc are worked out here from filed figures; point at one for how.