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. cash flow statement
Annual · USD millions except per-share data · 38 lines
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 | CAGR | |
|---|---|---|---|---|---|---|---|
| Operating activities | |||||||
| Net income | 2,267 | 1,635 | 3,315 | 2,749 | 1,390 | +13.0% | |
| Depreciation & amortization | 1,999 | 2,104 | 2,293 | 2,297 | 1,075 | +16.8% | |
| Deferred income tax | (247) | (368) | (453) | (327) | (407) | — | |
| Stock-based compensation | 322 | 263 | 300 | 323 | 244 | +7.2% | |
| Change in working capital | 481 | 195 | (646) | (884) | (108) | — | |
| Accounts receivables | (91) | 133 | 331 | (344) | (115) | — | |
| Inventory | (209) | 191 | (242) | (471) | (65) | — | |
| Accounts payables | 657 | (134) | (499) | 172 | 208 | +33.3% | |
| Other working capital | 123 | 4 | (235) | (241) | (137) | — | |
| Other non-cash items | (10) | 23 | 9 | 316 | 541 | — | |
| Net cash from operating activities | 4,812 | 3,853 | 4,818 | 4,475 | 2,735 | +15.2% | |
| Operating cash flow | 4,812 | 3,853 | 4,818 | 4,475 | 2,735 | +15.2% | |
| Investing activities | |||||||
| Investments in PP&E | (534) | (730) | (1,261) | (699) | (344) | — | |
| Capital expenditure | (534) | (730) | (1,261) | (699) | (344) | — | |
| Acquisitions, net | (46) | 0 | 0 | 0 | 2,451 | — | |
| Purchases of investments | (1,150) | (439) | 0 | 0 | 0 | — | |
| Sales / maturities of investments | 373 | 69 | 0 | 0 | 30 | +87.6% | |
| Other investing activities | 35 | (5) | (5) | 42 | 7 | +52.3% | |
| Net cash from investing activities | (1,322) | (1,105) | (1,266) | (657) | 2,144 | — | |
| Financing activities | |||||||
| Net debt issuance | 990 | 588 | 482 | (223) | 348 | +29.9% | |
| Short-term net debt issuance | (101) | 1 | 547 | 0 | 0 | — | |
| Long-term net debt issuance | 1,091 | 588 | (66) | (223) | 348 | +33.1% | |
| Net stock issuance | (2,056) | (616) | (2,964) | (2,577) | (3,605) | — | |
| Common stock issuance | 109 | 0 | 0 | 0 | 0 | — | |
| Common stock repurchased | (2,165) | (616) | (2,964) | (2,577) | (3,105) | — | |
| Net common stock issuance | (2,056) | (616) | (2,964) | (2,577) | (3,105) | — | |
| Common dividends paid | (1,924) | (1,795) | (1,679) | (1,545) | (1,109) | — | |
| Net dividends paid | (1,924) | (1,795) | (1,679) | (1,545) | (1,109) | — | |
| Net preferred stock issuance | 0 | 0 | 0 | 0 | (500) | — | |
| Other financing activities | 8 | 108 | 98 | 54 | 407 | -62.8% | |
| Net cash from financing activities | (2,983) | (1,714) | (4,064) | (4,291) | (3,960) | — | |
| Cash summary | |||||||
| Effect of forex changes on cash | 0 | 0 | 0 | (35) | 3 | — | |
| Net change in cash | 508 | 1,033 | (513) | (507) | 922 | -13.8% | |
| Cash at beginning of period | 1,991 | 958 | 1,471 | 1,978 | 1,056 | +17.2% | |
| Cash at end of period | 2,499 | 1,991 | 958 | 1,471 | 1,978 | +6.0% | |
| Free cash flow | 4,279 | 3,122 | 3,556 | 3,776 | 2,391 | +15.7% | |
| Income taxes paid | 0 | 415 | 0 | 0 | 0 | — | |
| Interest paid | 0 | 268 | 0 | 0 | 0 | — | |