Aureus
AExcellent

Analog Devices, Inc.(ADI)

A

Financial data as of Oct 31, 2025Improving · Technology

FCF Margin35.9%Free Cash Flow / Revenue
Cash Conversion212.2%Operating CF / Net Income
Free Cash Flow$4.3B
Revenue$11.0B
Net Cash-$6.2BNet debt position
Debt / FCF2.2xManageable debt load
Current Ratio2.19Adequate short-term liquidity
YoY FCF Growth+30.4%5 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseA
→
+0.5Healthy FCF margin with manageable debt (35.9%, 2.2x)
→
+1Strong YoY FCF growth (30.4% YoY)
→
+0.5Highly consistent quarterly FCF
→
FinalA

Analysis Summary

Strengths

  • Exceptional FCF margin (35.9%)
  • Excellent cash conversion (212%)
  • Strong liquidity (current ratio: 2.19)
  • Strong YoY FCF growth (+30.4%)
  • Highly consistent quarterly FCF
  • Strong revenue growth (30.4% YoY)

Concerns

  • Net debt position ($6.2B) — 2.2x FCF, manageable

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin35.9%
Net Margin20.6%
Operating CF Margin43.7%
CapEx Ratio4.8%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$6.2BNet debt position
Debt / FCF2.2xManageable debt load
Current Ratio2.19Strong liquidity
Debt / Equity0.26Low leverage

Quarterly FCF Trend

+30.4% YoYImproving (+30.4%)

Free cash flow per quarter

Sector Comparison — Technology

FCF Margin ranked against sector peers

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Detailed Metrics

Company NameAnalog Devices, Inc.
SectorTechnology
Free Cash Flow$4.3B
Revenue$11.0B
Net Income$2.3B
Operating Cash Flow$4.8B
Capital Expenditure$533.6M
FCF Margin35.9%
Cash Conversion Rate212.2%
Net Margin20.6%
Total Debt$8.7B
Total Cash$2.5B
Net Cash-$6.2B
Current Ratio2.19
Debt / Equity0.26
Debt / FCF2.2x
YoY FCF Growth+30.4%
Positive Quarters5 of 5
Trend DirectionImproving
Report DateOct 31, 2025
GradeA
Data SourceYahoo Finance

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