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ADT Inc.

ADT Industrials Security & Protection Services

ADT Inc.’s revenue for fiscal 2025 (year ended December 2025) was $5.1 billion, up 4.70% from fiscal 2024.

Revenue
+1.96%
EPS
0.00%
Free cash flow
+28.1%
Total debt
−1.64%

Quarter to June 2026, against a year earlier

9.86 0.01 −0.10%
Market cap
$7.2B
P/E
12.8×
Fwd P/E
12.5×
Dividend yield
2.23%
F-score
8/9
Altman Z
0.67
Beneish M
−2.85
Dividend safety
68/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Filings

Revenue by segment Fiscal 2025

  • Reportable Segment

Every year since 2016 →

Insider Decisions last twelve months

Bought, $m 0.53
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — 1 — 5 — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 12.93%

Capital & Financial Ratios $m

Size
Market Cap 7,210.00
Revenue ttm 5,164.90
Net income ttm 612.75
Free cash flow ttm 1,613.80
Net debt Q 7,659.55
Valuation
P/E 12.83
Forward P/E 12.50
Price / sales 1.46
Forward P/S Powerpack
Price / FCF 4.66
Price / book 2.16
Financial health
Current ratio Q 0.69 (below 1: weak)
Debt / equity Q 2.21 (above 2: weak)
Interest coverage Q 3.09
Growth
Revenue growth Q +1.96% (above 0%: growing)
Operating income growth Q −7.63% (below 0%: shrinking)
EPS, this year +3.69%
EPS, next year A +6.74%
Revenue, next year A +35.74% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +6.16%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.9×, against a ten-year median of 3.1×; over the ten years it ranged from 2.4× in 2026 to 4.3× in 2023.
P/E against its own 10 years 49.29%
10-year low 10-year high
P/S against its own 10 years 71.01%
10-year low 10-year high
P/B against its own 10 years 80.89%
10-year low 10-year high
EV/Sales against its own 10 years 28.03%
10-year low 10-year high
EV/FCF against its own 10 years 6.75%
10-year low 10-year high

Dividends

Yield
2.23%
Annual rate
0.22
Payout ratio
31.0%
Growth, 2016–24
0.00%/yr
  1. 0.22 ’16
  2. 0.14 ’18 −36%
  3. 0.11 ’19 −25%
  4. 0.14 ’20 +33%
  5. 0.14 ’21 +0%
  6. 0.14 ’22 +0%
  7. 0.14 ’23 +0%
  8. 0.22 ’24 +57%
  9. 0.30 ’25e +35%
  10. 0.29 ’26e −1%
paid forecast Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 130 204 109 28
Receivables 370 394 385 373
Inventory 201 197 202 184
Other — — — —
1,005 1,005 946 764
2023 2024 2025 Q'26
Payables 277 154 107 192
ST’ Debt 312 196 310 241
Other — 32 — —
1,480 1,264 1,013 1,108

Compound Annual Growth %

10y 5y 3y
Sales 32.33% (0.71%) 5.39%
Cash Flow 100.96% 6.63% (0.07%)
Earnings 0.00% 0.00% 65.00%
Book Value 18.32% 4.45% 3.65%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 0.22 Actual 0.23

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 0.22 0.23 Beat by 0.01
Q4 FY25 0.20 0.23 Beat by 0.03
Q1 FY26 0.21 0.23 Beat by 0.02
Q2 FY26 0.22 0.23 Beat by 0.01
Q3 FY26 0.24 — Reports 3 November 2026

EPS $

Mar Jun Sep Dec Year
’26 0.19 0.19 — — —
’25 0.15 0.18 0.16 0.17 0.67
’24 0.10 0.10 0.13 0.20 0.52
’23 (0.10) 0.10 (0.09) 0.59 0.51
’22 0.06 0.10 (0.13) 0.16 0.15
’21 (0.06) (0.15) (0.13) (0.07) (0.41)
’20 (0.40) (0.14) (0.15) (0.14) (0.82)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,279 1,312 — — —
’25 1,267 1,287 1,298 1,276 5,129
’24 1,190 1,205 1,244 1,260 4,898
’23 1,277 1,168 1,180 1,028 4,653
’22 1,545 1,601 1,290 (54) 4,382
’21 1,305 1,304 1,317 277 4,203
’20 1,370 1,331 1,299 1,315 5,315
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 638 666 — — —
’25 467 564 480 374 1,884
’24 364 563 498 460 1,885
’23 307 493 446 412 1,658
’22 308 515 498 567 1,888
’21 359 426 370 494 1,650
’20 250 379 364 373 1,367
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 499 541 — — —
’25 316 423 339 235 1,312
’24 183 373 333 309 1,198
’23 88 302 244 217 851
’22 88 269 256 364 977
’21 173 189 147 277 787
’20 151 265 193 183 791
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 2,950 4,316 4,582 5,126 5,315 4,203 4,382 4,653 4,898 5,129 5,165 +6.3% 6,961 7,143 7,361 +12.8%
Gross margin, % 76.49 79.24 77.27 72.88 71.47 81.61 84.05 83.84 82.71 80.83 80.71 +4.3 pt
EBT (803) (422) (633) (522) (779) (476) 404 604 815 834 857 n/m
EBT margin, % (27.21) (9.77) (13.81) (10.19) (14.66) (11.32) 9.23 12.99 16.64 16.26 16.59 +43.5 pt
Net income (537) 343 (609) (424) (632) (341) 133 463 501 596 613 n/m
Per share, $
Per share, $ Revenue 4.60 6.73 6.13 6.86 6.85 5.09 4.85 5.10 5.44 6.16 6.79 +3.3%
Earnings (0.84) 0.53 (0.81) (0.57) (0.82) (0.41) 0.19 0.51 0.56 0.72 0.77 n/m
Cash flow 0.96 2.48 2.39 2.51 1.76 2.00 2.09 1.82 2.09 2.26 2.84 +9.9%
Capex (0.85) (1.11) (0.94) (0.94) (0.74) (1.05) (1.01) (0.89) (0.76) (0.69) (0.72) (2.4%)
Free cash flow 0.11 1.37 1.45 1.57 1.02 0.95 1.08 0.93 1.33 1.58 2.12 +34.4%
Book value 5.94 5.36 5.65 4.26 3.92 3.94 3.76 4.16 4.22 4.54 4.57 (2.9%)
Shares, m 641 641 748 747 776 825 903 912 901 833 807 +3.0%
Valuation, ×
Valuation, × P/E 22.99 22.99 0.00 0.00 0.00 0.00 44.75 13.23 12.56 11.21 12.83 12.8
P/S 1.84 1.84 0.98 1.16 1.15 1.65 1.84 1.37 1.27 1.31 1.46 1.4
P/B 2.31 2.31 1.06 1.86 2.01 2.14 2.38 1.69 1.64 1.78 2.16 1.9
EV/Sales 4.17 4.17 3.08 3.04 2.89 3.95 4.00 3.03 2.80 2.79 2.94 3.4
EV/FCF 20.47 20.47 13.03 13.28 19.44 21.10 17.93 16.56 11.46 10.90 9.41 16.5
Cash, $m
Cash, $m Operating cash flow 618 1,592 1,788 1,873 1,367 1,650 1,888 1,658 1,885 1,884 2,158 +13.2%
Capex (547) (713) (703) (701) (576) (863) (911) (807) (687) (572) (544) +0.5%
Free cash flow 70 879 1,085 1,172 791 787 977 851 1,198 1,312 1,614 +38.4%
Balance, $m
Balance, $m Working capital (464) (440) (158) (494) (329) (711) (939) (476) (259) (67) (344) (19.3%)
Net debt 9,419 10,046 9,639 9,644 9,288 9,659 9,431 7,696 7,503 7,581 7,660 (2.4%)
Shareholders’ equity 3,805 3,433 4,225 3,184 3,039 3,249 3,393 3,789 3,801 3,779 3,477 (0.1%)
Returns, %
Returns, % ROA (5.50) 2.00 (3.56) (2.55) (3.93) (2.06) 0.76 2.74 3.13 3.74 3.86 +9.2 pt
ROIC (1.08) 1.31 1.25 0.96 0.21 0.05 3.53 6.42 6.68 7.20 7.23 +8.3 pt
ROE (23.81) 9.47 (15.91) (11.45) (20.32) (10.84) 3.99 12.89 13.20 15.73 17.17 +39.5 pt
People
People Employees 18,000 18,000 19,000 17,500 20,500 25,000 22,000 14,300 12,800 12,200 — (4.2%)
Revenue/emp, $m 0.16 0.24 0.24 0.29 0.26 0.17 0.20 0.33 0.38 0.42 — +11.0%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

Business profile

Updated

ADT provides security, monitoring and smart home services to households and small businesses in the United States. Its systems can detect intrusions, smoke, fire, carbon monoxide, leaks and other hazards. They also include cameras, video surveillance and controls for connected devices such as lights, thermostats and garage doors.

Customers can choose professional installation or install a system themselves. Through the ADT+ app, they can arm or disarm a system remotely, receive alerts and view video. ADT also offers personal emergency response services, including fall detection and protection while customers are away from home.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
Reportable Segment 5,129 100.00%
Gross margin 80.83%
Operating margin 25.52%
Pre-tax margin 16.26%

Revenue by segment since 2016

ADT Inc. vs peers in Security & Protection Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
ALLE Allegion PLC $15.8B 24.4× 22.0× +12.67% (above 0%: growing) +15.59% (above 0%: growing) −5.99% (below 0%: shrinking) 44.94% 22.12% Compare
ADT ADT Inc. $7.2B 12.8× 12.5× +1.96% (above 0%: growing) 0.00% +28.06% (above 0%: growing) 79.92% 24.07%
MSA MSA Safety Incorporporated $6.9B 22.1× 21.0× +6.16% (above 0%: growing) +39.37% (above 0%: growing) +118.31% (above 0%: growing) 49.53% 22.24% Compare
BCO Brink's Company (The) $4.2B 23.7× 16.6× +7.06% (above 0%: growing) +3.88% (above 0%: growing) −97.49% (below 0%: shrinking) 26.29% 9.57% Compare
BRC Brady Corporation $3.9B 19.0× 13.7× +9.98% (above 0%: growing) −7.62% (below 0%: shrinking) +22.90% (above 0%: growing) 52.90% 13.76% Compare
GEO Geo Group Inc (The) $3.8B 13.3× 21.7× +15.08% (above 0%: growing) +71.43% (above 0%: growing) +2,422.02% (above 0%: growing) 27.51% 13.89% Compare
CXW CoreCivic, Inc. $3.1B 24.3× 2.0× +27.27% (above 0%: growing) +8.57% (above 0%: growing) +55.25% (above 0%: growing) 21.74% 10.07% Compare
NSSC NAPCO Security Technologies, Inc. $1.4B 32.5× 24.1× +10.02% (above 0%: growing) +51.52% (above 0%: growing) +19.89% (above 0%: growing) 61.31% 33.02% Compare
EVLV Evolv Technologies Holdings, Inc. $878.5M — (loss-making) — (loss-making) +34.44% (above 0%: growing) n/m +203.88% (above 0%: growing) 50.17% (24.11%) Compare
Median of peers $3.8B 23.7× 21.0× +11.35% +15.59% +39.08% 47.24% 13.82%

All 22 Security & Protection Services stocks →

From the latest earnings call

Updated

  • On ADT’s Q1 call, CEO Jim DeVries said the company was investing in product technology, customer service and acquisition channels, including a DIY offering.
  • CFO Jeff Likosar said ADT was refining its credit policies as outright equipment sales brought forward both revenue recognition and bad-debt provisions.

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
Morgan Stanley Oct 29, 2026 Target cut Hold 7.75 → 7.25

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 98.10%
Held by the ten largest 63.85%
Holder Shares Stake Change
State Farm 133.33m 18.25% 0.00
Vanguard 80.69m 11.04% +8.41m
BlackRock 72.16m 9.88% +9.41m
Dimensional Fund Advisors 43.25m 5.92% +3.36m
LSV ASSET MANAGEMENT 31.85m 4.36% +2.06m
AQR Capital Management 28.05m 3.84% −5.16m
State Street 20.69m 2.83% +1.73m
Norges Bank 19.70m 2.70% +19.70m
PRUDENTIAL FINANCIAL INC 18.92m 2.59% +6.32m
ARIEL INVESTMENTS, LLC 17.82m 2.44% −1.62m
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 14 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 14.88m 15.31m 115.30
2024 16.14m 16.53m 96.00
2023 8.84m 1.21m 91.90
2022 8.83m 10.60m 119.50
2021 7.48m 9.81m 108.90

Ownership

Directors and executive officers, together 3.00%
Donald M. Young 18.60%
State Farm Fire & Casualty Company 16.70%
Apollo Funds 12.70%
The Vanguard Group 8.10%
Google LLC 6.80%
AQR Capital Management LLC 5.60%
Dimensional Fund Advisors LP 5.00%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

ADT Inc. (ADT) Latest News

1 Nov

Impact 4 · · Simply Wall St.

30 Oct

Impact 4 · · Trefis

29 Oct

Impact 4 · · TheStreet
Impact 4 · · The Motley Fool
Impact 4 · · Barchart
Impact 4 ·
Impact 4 · · Benzinga
Impact 4 · · Stocktwits
Impact 4 · · 24/7 Wall St.
Impact 4 · · Investing.com
Impact 4 · · GlobeNewswire
Impact 4 · · Simply Wall St.
Impact 3 · · Zacks

28 Oct

Impact 4 · · GlobeNewswire

27 Oct

Impact 4 · · PR Newswire

20 Oct

Impact 4 · · StockStory
Impact 3 · · GlobeNewswire earnings

9 Oct

Impact 3 · · Simply Wall St.

5 Oct

Impact 3 · · StockStory

29 Sep

Impact 3 · · StockStory

20 Aug

Impact 3 ·

31 Jul

Impact 3 · · MarketBeat

30 Jul

Impact 4 ·
Impact 4 ·
Impact 3 ·

29 Jul

Impact 3 ·

17 Jun

Impact 3 ·

21 May

Impact 4 · · Simply Wall St.

20 May

Impact 4 · · GlobeNewswire

4 May

Impact 3 · · Simply Wall St.
stockrow.com/ADT · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com