ANALOG DEVICES INC (ADI) Stock Fundamental Analysis

NASDAQ:ADI • US0326541051

355.79 USD
+1.44 (+0.41%)
At close: Feb 27, 2026
354.01 USD
-1.78 (-0.5%)
After Hours: 2/27/2026, 8:00:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

6

ADI gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 115 industry peers in the Semiconductors & Semiconductor Equipment industry. While ADI has a great profitability rating, there are some minor concerns on its financial health. ADI is growing strongly while it is still valued neutral. This is a good combination! These ratings would make ADI suitable for growth investing!


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • ADI had positive earnings in the past year.
  • In the past year ADI had a positive cash flow from operations.
  • In the past 5 years ADI has always been profitable.
  • Each year in the past 5 years ADI had a positive operating cash flow.
ADI Yearly Net Income VS EBIT VS OCF VS FCFADI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

1.2 Ratios

  • The Return On Assets of ADI (5.64%) is better than 71.05% of its industry peers.
  • ADI has a Return On Equity of 8.01%. This is in the better half of the industry: ADI outperforms 65.79% of its industry peers.
  • ADI has a better Return On Invested Capital (7.15%) than 72.81% of its industry peers.
  • ADI had an Average Return On Invested Capital over the past 3 years of 5.97%. This is below the industry average of 10.64%.
  • The 3 year average ROIC (5.97%) for ADI is below the current ROIC(7.15%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 5.64%
ROE 8.01%
ROIC 7.15%
ROA(3y)4.97%
ROA(5y)4.61%
ROE(3y)6.89%
ROE(5y)6.37%
ROIC(3y)5.97%
ROIC(5y)5.69%
ADI Yearly ROA, ROE, ROICADI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • The Profit Margin of ADI (23.02%) is better than 82.46% of its industry peers.
  • In the last couple of years the Profit Margin of ADI has remained more or less at the same level.
  • The Operating Margin of ADI (29.70%) is better than 88.60% of its industry peers.
  • In the last couple of years the Operating Margin of ADI has remained more or less at the same level.
  • Looking at the Gross Margin, with a value of 62.84%, ADI belongs to the top of the industry, outperforming 88.60% of the companies in the same industry.
  • ADI's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 29.7%
PM (TTM) 23.02%
GM 62.84%
OM growth 3Y-4.17%
OM growth 5Y-0.56%
PM growth 3Y-3.48%
PM growth 5Y-1.14%
GM growth 3Y-0.66%
GM growth 5Y-1.37%
ADI Yearly Profit, Operating, Gross MarginsADI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ADI is destroying value.
  • Compared to 1 year ago, ADI has less shares outstanding
  • ADI has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for ADI is higher compared to a year ago.
ADI Yearly Shares OutstandingADI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M
ADI Yearly Total Debt VS Total AssetsADI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B 50B

2.2 Solvency

  • An Altman-Z score of 8.20 indicates that ADI is not in any danger for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 8.20, ADI is in the better half of the industry, outperforming 67.54% of the companies in the same industry.
  • ADI has a debt to FCF ratio of 1.90. This is a very positive value and a sign of high solvency as it would only need 1.90 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 1.90, ADI is in the better half of the industry, outperforming 67.54% of the companies in the same industry.
  • A Debt/Equity ratio of 0.23 indicates that ADI is not too dependend on debt financing.
  • ADI has a Debt to Equity ratio of 0.23. This is comparable to the rest of the industry: ADI outperforms 45.61% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.23
Debt/FCF 1.9
Altman-Z 8.2
ROIC/WACC0.68
WACC10.51%
ADI Yearly LT Debt VS Equity VS FCFADI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

2.3 Liquidity

  • A Current Ratio of 1.76 indicates that ADI should not have too much problems paying its short term obligations.
  • ADI's Current ratio of 1.76 is on the low side compared to the rest of the industry. ADI is outperformed by 80.70% of its industry peers.
  • ADI has a Quick Ratio of 1.35. This is a normal value and indicates that ADI is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 1.35, ADI is doing worse than 78.95% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.76
Quick Ratio 1.35
ADI Yearly Current Assets VS Current LiabilitesADI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

8

3. Growth

3.1 Past

  • ADI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 37.26%, which is quite impressive.
  • ADI shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.67% yearly.
  • Looking at the last year, ADI shows a very strong growth in Revenue. The Revenue has grown by 25.91%.
  • Measured over the past years, ADI shows a quite strong growth in Revenue. The Revenue has been growing by 14.49% on average per year.
EPS 1Y (TTM)37.26%
EPS 3Y-6.69%
EPS 5Y9.67%
EPS Q2Q%50.92%
Revenue 1Y (TTM)25.91%
Revenue growth 3Y-2.84%
Revenue growth 5Y14.49%
Sales Q2Q%30.42%

3.2 Future

  • ADI is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 16.92% yearly.
  • The Revenue is expected to grow by 11.54% on average over the next years. This is quite good.
EPS Next Y28.99%
EPS Next 2Y21.51%
EPS Next 3Y19.73%
EPS Next 5Y16.92%
Revenue Next Year19.88%
Revenue Next 2Y14.42%
Revenue Next 3Y13.33%
Revenue Next 5Y11.54%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
ADI Yearly Revenue VS EstimatesADI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5B 10B 15B
ADI Yearly EPS VS EstimatesADI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5 10 15

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Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 41.27, the valuation of ADI can be described as expensive.
  • Based on the Price/Earnings ratio, ADI is valued a bit cheaper than 72.81% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.10, ADI is valued quite expensively.
  • With a Price/Forward Earnings ratio of 30.93, ADI can be considered very expensive at the moment.
  • Based on the Price/Forward Earnings ratio, ADI is valued a bit cheaper than 69.30% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 28.06, ADI is valued at the same level.
Industry RankSector Rank
PE 41.27
Fwd PE 30.93
ADI Price Earnings VS Forward Price EarningsADI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, ADI is valued a bit cheaper than 69.30% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of ADI indicates a somewhat cheap valuation: ADI is cheaper than 79.82% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 38.12
EV/EBITDA 32.22
ADI Per share dataADI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60

4.3 Compensation for Growth

  • ADI's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The decent profitability rating of ADI may justify a higher PE ratio.
  • ADI's earnings are expected to grow with 19.73% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.42
PEG (5Y)4.27
EPS Next 2Y21.51%
EPS Next 3Y19.73%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • ADI has a Yearly Dividend Yield of 1.24%. Purely for dividend investing, there may be better candidates out there.
  • ADI's Dividend Yield is rather good when compared to the industry average which is at 0.47. ADI pays more dividend than 86.84% of the companies in the same industry.
  • ADI's Dividend Yield is slightly below the S&P500 average, which is at 1.83.
Industry RankSector Rank
Dividend Yield 1.24%

5.2 History

  • The dividend of ADI is nicely growing with an annual growth rate of 10.17%!
  • ADI has paid a dividend for at least 10 years, which is a reliable track record.
  • ADI has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)10.17%
Div Incr Years21
Div Non Decr Years21
ADI Yearly Dividends per shareADI Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

5.3 Sustainability

  • ADI pays out 72.13% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of ADI is growing, but earnings are growing more, so the dividend growth is sustainable.
DP72.13%
EPS Next 2Y21.51%
EPS Next 3Y19.73%
ADI Yearly Income VS Free CF VS DividendADI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B
ADI Dividend Payout.ADI Dividend Payout, showing the Payout Ratio.ADI Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

ANALOG DEVICES INC

NASDAQ:ADI (2/27/2026, 8:00:00 PM)

After market: 354.01 -1.78 (-0.5%)

355.79

+1.44 (+0.41%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)02-18
Earnings (Next)05-20
Inst Owners93.84%
Inst Owner Change-1.42%
Ins Owners0.05%
Ins Owner Change-8.35%
Market Cap173.85B
Revenue(TTM)11.76B
Net Income(TTM)2.71B
Analysts79.53
Price Target379.39 (6.63%)
Short Float %1.79%
Short Ratio2.35
Dividend
Industry RankSector Rank
Dividend Yield 1.24%
Yearly Dividend3.9
Dividend Growth(5Y)10.17%
DP72.13%
Div Incr Years21
Div Non Decr Years21
Ex-Date03-03
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.07%
Min EPS beat(2)0.75%
Max EPS beat(2)5.38%
EPS beat(4)4
Avg EPS beat(4)4.43%
Min EPS beat(4)0.75%
Max EPS beat(4)7.67%
EPS beat(8)8
Avg EPS beat(8)4.61%
EPS beat(12)10
Avg EPS beat(12)3.04%
EPS beat(16)14
Avg EPS beat(16)3.83%
Revenue beat(2)2
Avg Revenue beat(2)0.84%
Min Revenue beat(2)0.39%
Max Revenue beat(2)1.29%
Revenue beat(4)4
Avg Revenue beat(4)2.19%
Min Revenue beat(4)0.39%
Max Revenue beat(4)4.23%
Revenue beat(8)8
Avg Revenue beat(8)1.63%
Revenue beat(12)9
Avg Revenue beat(12)0.94%
Revenue beat(16)13
Avg Revenue beat(16)1.23%
PT rev (1m)8.45%
PT rev (3m)14.85%
EPS NQ rev (1m)0.38%
EPS NQ rev (3m)6.65%
EPS NY rev (1m)0.25%
EPS NY rev (3m)6.78%
Revenue NQ rev (1m)0.22%
Revenue NQ rev (3m)5.07%
Revenue NY rev (1m)0.29%
Revenue NY rev (3m)5.84%
Valuation
Industry RankSector Rank
PE 41.27
Fwd PE 30.93
P/S 14.79
P/FCF 38.12
P/OCF 34.4
P/B 5.15
P/tB N/A
EV/EBITDA 32.22
EPS(TTM)8.62
EY2.42%
EPS(NY)11.5
Fwd EY3.23%
FCF(TTM)9.33
FCFY2.62%
OCF(TTM)10.34
OCFY2.91%
SpS24.06
BVpS69.15
TBVpS-1.61
PEG (NY)1.42
PEG (5Y)4.27
Graham Number115.81
Profitability
Industry RankSector Rank
ROA 5.64%
ROE 8.01%
ROCE 8%
ROIC 7.15%
ROICexc 7.87%
ROICexgc 56.61%
OM 29.7%
PM (TTM) 23.02%
GM 62.84%
FCFM 38.79%
ROA(3y)4.97%
ROA(5y)4.61%
ROE(3y)6.89%
ROE(5y)6.37%
ROIC(3y)5.97%
ROIC(5y)5.69%
ROICexc(3y)6.28%
ROICexc(5y)5.97%
ROICexgc(3y)40.03%
ROICexgc(5y)44.98%
ROCE(3y)6.67%
ROCE(5y)6.33%
ROICexgc growth 3Y-8.68%
ROICexgc growth 5Y-1.94%
ROICexc growth 3Y-3.41%
ROICexc growth 5Y-2.59%
OM growth 3Y-4.17%
OM growth 5Y-0.56%
PM growth 3Y-3.48%
PM growth 5Y-1.14%
GM growth 3Y-0.66%
GM growth 5Y-1.37%
F-Score7
Asset Turnover0.24
Health
Industry RankSector Rank
Debt/Equity 0.23
Debt/FCF 1.9
Debt/EBITDA 1.42
Cap/Depr 25.02%
Cap/Sales 4.2%
Interest Coverage 250
Cash Conversion 92.46%
Profit Quality 168.46%
Current Ratio 1.76
Quick Ratio 1.35
Altman-Z 8.2
F-Score7
WACC10.51%
ROIC/WACC0.68
Cap/Depr(3y)38.81%
Cap/Depr(5y)35.77%
Cap/Sales(3y)7.61%
Cap/Sales(5y)6.67%
Profit Quality(3y)162.3%
Profit Quality(5y)159.26%
High Growth Momentum
Growth
EPS 1Y (TTM)37.26%
EPS 3Y-6.69%
EPS 5Y9.67%
EPS Q2Q%50.92%
EPS Next Y28.99%
EPS Next 2Y21.51%
EPS Next 3Y19.73%
EPS Next 5Y16.92%
Revenue 1Y (TTM)25.91%
Revenue growth 3Y-2.84%
Revenue growth 5Y14.49%
Sales Q2Q%30.42%
Revenue Next Year19.88%
Revenue Next 2Y14.42%
Revenue Next 3Y13.33%
Revenue Next 5Y11.54%
EBIT growth 1Y72.62%
EBIT growth 3Y-6.89%
EBIT growth 5Y13.85%
EBIT Next Year67.31%
EBIT Next 3Y26.02%
EBIT Next 5Y20.25%
FCF growth 1Y40.66%
FCF growth 3Y4.25%
FCF growth 5Y18.35%
OCF growth 1Y11.07%
OCF growth 3Y2.45%
OCF growth 5Y19.1%

ANALOG DEVICES INC / ADI FAQ

What is the fundamental rating for ADI stock?

ChartMill assigns a fundamental rating of 6 / 10 to ADI.


What is the valuation status for ADI stock?

ChartMill assigns a valuation rating of 4 / 10 to ANALOG DEVICES INC (ADI). This can be considered as Fairly Valued.


How profitable is ANALOG DEVICES INC (ADI) stock?

ANALOG DEVICES INC (ADI) has a profitability rating of 7 / 10.


Can you provide the financial health for ADI stock?

The financial health rating of ANALOG DEVICES INC (ADI) is 5 / 10.


Is the dividend of ANALOG DEVICES INC sustainable?

The dividend rating of ANALOG DEVICES INC (ADI) is 6 / 10 and the dividend payout ratio is 72.13%.