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Analog Devices ADI Return on invested capital

Return on invested capital at other companies

Semtech logo
SemtechSMTC
9.4%+0.9pp
Texas Instruments logo
Texas InstrumentsTXN
21.1%+3.2pp
Vicor logo
VicorVICR
30.5%+25.5pp
Microchip Technology logo
Microchip TechnologyMCHP
3.4%
ON Semiconductor logo
ON SemiconductorON
6.9%-0.5pp
Monolithic Power Systems logo
Monolithic Power SystemsMPWR
25%-3.4pp

Other financials

Income statement

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Revenue$3.6B+37.3%
Gross profit$2.4B+51.4%
Operating income$1.4B+104%
Net income$1.2B+106%
EPS (diluted)$2.40+111%

Balance sheet

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Cash & equivalents$1.3B-27.8%
Total debt$8.1B+22.4%
Total equity$33.7B-3.6%
Total assets$47.9B+1.3%

Cash flow

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Operating cash flow$872.0M+6.4%
CapEx$137.7M+52.6%
Free cash flow$734.3M+0.7%

Valuation

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Market cap$201.87B+87.3%
Enterprise value$208.71B+85.3%
P/E60.9×+2.1×
P/S15.9×+4.9×

Profitability

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Gross margin64.5%+5.7pp
Operating margin32.5%+9.8pp
Net margin26%+7.4pp

Returns & leverage

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Return on equity9.6%+4.4pp
Debt / equity0.2×+0.1×
Current ratio1.8×-0.3×

Where this comes from

Calculated from Analog Devices’s reported figures.

Based on trailing twelve months.

The official record: Analog Devices’s 10-Q, filed May 20, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Analog Devices's return on invested capital?
Analog Devices (ADI) reported return on invested capital of 8.7% in Q1 2026.
How has Analog Devices's return on invested capital changed year-over-year?
Analog Devices's return on invested capital increased by 74.2% year-over-year, from 5% to 8.7%.
What is the long-term trend for Analog Devices's return on invested capital?
Over 4 years (2021 to 2025), Analog Devices's return on invested capital has grown at a -13.4% compound annual growth rate (CAGR), from 36.3% to 20.4%.
What does return on invested capital mean?
The after-tax return the business earns on all the capital — debt and equity — invested in it.
How do you interpret return on invested capital?
The cleanest measure of business quality: ROIC sustained above the cost of capital creates value, below it destroys value. Compare against WACC, not against zero.
How does return on invested capital compare across companies?
Highly comparable across companies as a quality screen. Sector-sensitive definitions of invested capital mean banks/insurers are best excluded.