Analog Devices, Inc.

ADINASDAQTechnology● Active

$401.39

$-27.37(-6.38%)

Market Cap$195.5B

P/E Ratio—

52W High$439.7

52W Low$217.02

Avg Volume3.9M

Open$419.49

Beta1.18

Free Cash Flow Financials Revenue

Analog Devices, Inc. (ADI) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

ADI · free cash flow · updated Jun 8, 2026

Core FCF metrics

ADI · FCF · TTM · margin & CAGR

Free cash flow was $4.28B for FY2025 (fiscal year ending 2025-11-01), up 37.0% year-over-year The FCF margin was 38.8%. Five-year CAGR stands at +18.4%.

FY2025 Free Cash Flow$4.28B▲ +37.0% YoY

Trailing 12M (TTM)$4.57Btrailing 4 quarters sum

FCF Margin38.8%$4.28B ÷ revenue

3-Year CAGR+4.3%FY2022 → FY2025

5-Year CAGR+18.4%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

ADI · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$4.81B(534M)$4.28B▲ +37.0%38.8%

FY2024$3.85B(730M)$3.12B▼ 12.2%33.1%

FY2023$4.82B(1.26B)$3.56B▼ 5.8%28.9%

FY2022$4.48B(699M)$3.78B▲ +57.9%31.4%

FY2021$2.74B(344M)$2.39B▲ +29.8%32.7%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

ADI · P/FCF · FCF yield · FCF per share

Analog Devices, Inc. (ADI) trades at a FCF yield of 2.33% and a price-to-free-cash-flow ratio of 43.5x. FCF per share stands at $9.23, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

2.33%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$9.23

TTM FCF ÷ Shares Outstanding

Price / FCF

x43.5

Share Price ÷ FCF per Share

EV / FCF (TTM)

x44.2

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-11-01

Cash flow statement summary

ADI · cash flow statement · operating / investing / financing

For FY2025, Analog Devices, Inc. generated $4.81B in operating cash flow and spent 534M in capital expenditures, yielding $4.28B in free cash flow.

Operating Activities

+$4.81B

Cash from core business operations

2025-11-01

Investing Activities

−$1.32B

CapEx, acquisitions & investments

2025-11-01

Financing Activities

−$2.98B

Buybacks, dividends & debt

2025-11-01

FCF FormulaOperating CF ($4.81B) − |CapEx| (534M) = FCF ($4.28B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

ADI vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Analog Devices, Inc.YOU

ADI

$4.28B+37.0%38.8%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Analog Devices, Inc. (ADI) reported free cash flow of $4.28B for FY2025 (fiscal year ending 2025-11-01), up 37.0% year-over-year. The FCF margin was 38.8%.

Based on available data, Analog Devices, Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $4.28B in FY2025. The 5-year CAGR stands at +18.4%.

Analog Devices, Inc.'s FCF yield is 2.33% and price-to-FCF ratio is 43.5x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

ADI free cash flow · 8 questions

Analog Devices, Inc. free cash flow was $4.28B for FY2025, up 37.0% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $4.57B.

ADI free cash flowADI FCFADI FCF 2025ADI free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Analog Devices, Inc. · Analog Devices, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026