Analog Devices, Inc.
Analog Devices, Inc.’s revenue for fiscal 2025 (year ended October 2025) was $11.0 billion, up 16.9% from fiscal 2024. In the quarter to July 2026, revenue grew 39.6%, EPS grew 162.9%, free cash flow grew 34.3% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; dividend growth for ten consecutive years.
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Analog Devices, Inc. (ADI) Free cash flow margin
Analog Devices, Inc.'s free cash flow margin over the twelve months to 31 July 2026 was 35.6%, down 3.8 percentage points from fiscal 2025 (39.4%). Over the past ten years it has ranged from 18.1% (fiscal 2017) to 39.4% (fiscal 2025) — the current reading is the highest in ten years. That is above the Semiconductors industry median of 8.47% and above the Technology sector median of 1.72%.
Free cash flow margin, annual
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Annual newest first
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | 39.4% | 6.24 |
| FY2024 | 33.1% | 4.22 |
| FY2023 | 28.9% | (2.53) |
| FY2022 | 31.4% | (1.25) |
| FY2021 | 32.7% | (0.21) |
| FY2020 | 32.9% | (0.12) |
| FY2019 | 33.0% | (2.13) |
| FY2018 | 35.1% | 17.03 |
| FY2017 | 18.1% | (15.91) |
| FY2016 | 34.0% | 12.07 |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| ADI Analog Devices, Inc. | 35.6% |
| ARM ARM Holdings PLC Sponsored ADR compare | 28.6% |
| TXN Texas Instruments Incorporated compare | 27.7% |
| QCOM QUALCOMM Incorporated compare | 23.7% |
| NXPI NXP Semiconductors N.V. compare | 20.1% |
| MRVL Marvell Technology, Inc. compare | 18.2% |
| MPWR Monolithic Power Systems, Inc. compare | 11.9% |
| INTC Intel Corporation compare | 4.96% |
| ASX ASE Technology Holding Co., Ltd. compare | −5.21% |
| Semiconductors industry median | 8.47% |
| Technology sector median | 1.72% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
More on ADI
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement