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MARKETS / NASDAQ / ADI
NASDAQ · SEMICONDUCTORS & RELATED DEVICES · LARGE CAP

Analog Devices, Inc. ADI

19 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY18 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$11.0B
▲ 16.9% vs FY2024
Dividend streak
18 yrs
Raised every year since 2008
EPS · FY25
$4.56
Dividend / sh · FY25
$3.89
Payout · FY25
85%
ROE · FY25
6.6%
Net margin · FY25
20.6%
Dividend coverage
1.2×
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Result
USD 11.0B
Revenue, FY2025 · full 19-year series below
Revenue Net income
48121611.02.32007201020132016201920222025
48121611.02.32016201920222025

21 cents of every revenue dollar became profit this year.

Per share
USD 4.56
Diluted EPS, FY2025
EPS Dividend
2.557.53.894.562007201020132016201920222025
2.557.53.894.562016201920222025

Earnings covered the dividend 1.2 times — the rest stayed in the company.

Profitability
6.6%
Return on equity, FY2025
ROE
102030406.6%2007201020132016201920222025
102030406.6%2016201920222025
Operating margin26.6%
Net margin20.6%
Return on assets4.7%

Each USD of equity produced 7 cents of profit this year.

Returned to shareholders
USD 4.1B
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 1.9B
Net buybacksUSD 2.2B
Share of profit180.3%
Consecutive raises18 years

USD 1.9B in dividends and USD 2.2B in buybacks — 180% of the year's profit, so the payout drew on cash built up earlier.

Growth
+14.5% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
−2.8%
+14.5%
+12.4%
+9.7%
Net income
−6.2%
+13.2%
+12.5%
+8.0%
EPS, diluted
−4.6%
+6.8%
+4.6%
Dividend / share
+9.4%
+10.1%
+9.5%
+10.8%
Returned to shareholders
−0.3%
+29.3%
+21.2%
+20.5%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.49B
Shares outstanding, FY2025
0.290.492007201020132016201920222025
0.370.492016201920222025
Change, 5 years+32.5%
Change, 10 years+56.9%

The share count grew 33% in five years — the same company, cut into more, smaller slices.

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Balance sheet
USD 48.0B
total assets, end of FY2025
Total assetsUSD 48.0B
EquityUSD 33.8B
CashUSD 2.5B
Gross debtUSD 8.1B
Net debtUSD 5.6B
Current ratio2.19×

Net debt stands at 17% of equity.

History
19 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
Revenue $B
11.0
9.4
12.3
12.0
7.3
5.6
6.0
6.2
5.2
3.4
3.4
2.9
2.6
2.7
3.0
2.8
2.0
2.6
2.5
Operating income $B
2.9
2.0
3.8
3.3
1.7
1.5
1.7
1.9
1.2
1.0
0.8
0.8
0.8
0.8
1.1
0.9
0.3
0.6
0.6
EBITDA $B
3.3
2.4
4.2
3.6
1.9
1.7
2.0
2.1
1.4
1.2
1.0
0.9
0.9
0.9
1.2
1.0
0.4
0.8
0.7
Income tax $B
0.4
0.1
0.3
0.4
−0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.2
0.2
0.2
0.1
0.1
0.2
Net income $B
2.3
1.6
3.3
2.7
1.4
1.2
1.4
1.5
0.8
0.9
0.7
0.6
0.7
0.7
0.9
0.7
0.2
0.8
0.5
EPS, diluted $
4.56
3.28
6.55
5.25
3.46
3.28
·
·
·
·
·
·
2.14
2.13
2.81
2.33
0.85
2.65
1.50
Dividend / sh $
3.89
3.62
3.34
2.97
2.69
2.40
2.10
1.89
1.77
1.66
1.57
1.45
1.32
1.15
0.94
0.84
0.80
0.76
0.70
Payout %
85
110
51
56
80
73
57
47
75
60
70
72
60
53
32
35
94
28
46
ROE %
6.6
4.6
9.2
7.4
5.6
10.3
11.9
14.1
10.5
16.8
14.2
13.3
15.1
16.4
24.8
24.9
10.0
32.5
·
Shares out B
0.49
0.50
0.50
0.51
0.53
0.37
0.37
0.37
0.37
0.37
0.31
0.31
0.31
0.30
0.30
0.30
0.29
0.29
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
68 of 68
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed