Analog Devices, Inc.

ADINASDAQ

$387.63

Last price · USD

Market cap: $192.5B
P/E: 85.0x
EV / EBITDA: 39.5x
P/S: 17.5x
FCF yield: 2.2%
Div. yield: 1.00%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

Analog Devices, Inc. balance sheet

Annual · USD millions except per-share data · 43 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	2,499	1,991	958	1,471	1,978	+6.0%
Short-term investments	1,153	372	0	0	0	—
Cash & short-term investments	3,652	2,363	958	1,471	1,978	+16.6%
Net receivables	1,436	1,336	1,470	1,800	1,459	-0.4%
Accounts receivable	1,436	1,336	1,470	1,800	1,459	-0.4%
Inventory	1,656	1,448	1,642	1,400	1,201	+8.4%
Prepaids	0	0	0	267	741	—
Other current assets	363	337	314	0	0	—
Total current assets	7,108	5,485	4,384	4,938	5,378	+7.2%
Non-current assets
Property, plant & equipment (net)	3,316	3,416	3,219	2,401	1,979	+13.8%
Goodwill	26,945	26,910	26,913	26,913	26,918	0.0%
Intangible assets	8,014	9,585	11,312	13,265	15,267	-14.9%
Goodwill & intangible assets	34,959	36,495	38,225	40,179	42,186	-4.6%
Long-term investments	0	0	0	122	128	—
Tax assets	1,867	2,084	2,223	2,265	2,267	-4.7%
Other non-current assets	743	749	743	397	384	+17.9%
Total non-current assets	40,885	42,744	44,410	45,364	46,944	-3.4%
Total assets	47,993	48,228	48,794	50,302	52,322	-2.1%
Current liabilities
Accounts payable	544	487	493	582	443	+5.2%
Other payables	646	471	346	289	362	+15.6%
Total payables	1,189	958	839	871	805	+10.2%
Short-term debt	447	947	1,046	0	517	-3.6%
Capital lease obligations (current)	73	68	65	54	53	+8.5%
Tax payables	0	471	346	289	333	—
Other current liabilities	468	257	390	466	382	+5.2%
Total current liabilities	3,246	2,988	3,201	2,443	2,770	+4.0%
Non-current liabilities
Long-term debt	8,145	6,634	5,902	6,549	6,253	+6.8%
Deferred tax liabilities (non-current)	2,163	2,624	3,128	3,623	3,939	-13.9%
Other non-current liabilities	623	805	998	1,223	1,367	-17.8%
Total non-current liabilities	10,931	10,064	10,028	11,394	11,559	-1.4%
Capital lease obligations	73	68	65	54	53	+8.5%
Total debt	8,665	7,650	7,013	6,602	6,822	+6.2%
Total liabilities	14,177	13,052	13,229	13,837	14,330	-0.3%
Stockholders' equity
Common stock	82	83	83	85	88	-1.7%
Retained earnings	10,540	10,197	10,357	8,721	7,517	+8.8%
Additional paid-in capital	23,349	25,082	25,314	27,857	30,574	-6.5%
Accumulated other comprehensive income (loss)	(155)	(185)	(188)	(198)	(187)	—
Total stockholders' equity	33,816	35,176	35,565	36,465	37,993	-2.9%
Total equity	33,816	35,176	35,565	36,465	37,993	-2.9%
Total liabilities & equity	47,993	48,228	48,794	50,302	52,322	-2.1%
Additional fields
Accrued Expenses	1,069	758	862	1,053	1,014	+1.3%
Net Debt	6,165	5,658	6,055	5,132	4,844	+6.2%
Total Investments	1,153	372	0	122	128	+73.3%

Analog Devices, Inc.

ADINASDAQ

$387.63

Last price · USD

Market cap: $192.5B
P/E: 85.0x
EV / EBITDA: 39.5x
P/S: 17.5x
FCF yield: 2.2%
Div. yield: 1.00%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

Analog Devices, Inc. balance sheet

Annual · USD millions except per-share data · 43 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	2,499	1,991	958	1,471	1,978	+6.0%
Short-term investments	1,153	372	0	0	0	—
Cash & short-term investments	3,652	2,363	958	1,471	1,978	+16.6%
Net receivables	1,436	1,336	1,470	1,800	1,459	-0.4%
Accounts receivable	1,436	1,336	1,470	1,800	1,459	-0.4%
Inventory	1,656	1,448	1,642	1,400	1,201	+8.4%
Prepaids	0	0	0	267	741	—
Other current assets	363	337	314	0	0	—
Total current assets	7,108	5,485	4,384	4,938	5,378	+7.2%
Non-current assets
Property, plant & equipment (net)	3,316	3,416	3,219	2,401	1,979	+13.8%
Goodwill	26,945	26,910	26,913	26,913	26,918	0.0%
Intangible assets	8,014	9,585	11,312	13,265	15,267	-14.9%
Goodwill & intangible assets	34,959	36,495	38,225	40,179	42,186	-4.6%
Long-term investments	0	0	0	122	128	—
Tax assets	1,867	2,084	2,223	2,265	2,267	-4.7%
Other non-current assets	743	749	743	397	384	+17.9%
Total non-current assets	40,885	42,744	44,410	45,364	46,944	-3.4%
Total assets	47,993	48,228	48,794	50,302	52,322	-2.1%
Current liabilities
Accounts payable	544	487	493	582	443	+5.2%
Other payables	646	471	346	289	362	+15.6%
Total payables	1,189	958	839	871	805	+10.2%
Short-term debt	447	947	1,046	0	517	-3.6%
Capital lease obligations (current)	73	68	65	54	53	+8.5%
Tax payables	0	471	346	289	333	—
Other current liabilities	468	257	390	466	382	+5.2%
Total current liabilities	3,246	2,988	3,201	2,443	2,770	+4.0%
Non-current liabilities
Long-term debt	8,145	6,634	5,902	6,549	6,253	+6.8%
Deferred tax liabilities (non-current)	2,163	2,624	3,128	3,623	3,939	-13.9%
Other non-current liabilities	623	805	998	1,223	1,367	-17.8%
Total non-current liabilities	10,931	10,064	10,028	11,394	11,559	-1.4%
Capital lease obligations	73	68	65	54	53	+8.5%
Total debt	8,665	7,650	7,013	6,602	6,822	+6.2%
Total liabilities	14,177	13,052	13,229	13,837	14,330	-0.3%
Stockholders' equity
Common stock	82	83	83	85	88	-1.7%
Retained earnings	10,540	10,197	10,357	8,721	7,517	+8.8%
Additional paid-in capital	23,349	25,082	25,314	27,857	30,574	-6.5%
Accumulated other comprehensive income (loss)	(155)	(185)	(188)	(198)	(187)	—
Total stockholders' equity	33,816	35,176	35,565	36,465	37,993	-2.9%
Total equity	33,816	35,176	35,565	36,465	37,993	-2.9%
Total liabilities & equity	47,993	48,228	48,794	50,302	52,322	-2.1%
Additional fields
Accrued Expenses	1,069	758	862	1,053	1,014	+1.3%
Net Debt	6,165	5,658	6,055	5,132	4,844	+6.2%
Total Investments	1,153	372	0	122	128	+73.3%