Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| Analog Devices Inc.ADI · business equipment | |
|---|---|
| Grade |  Dfourth fifth of 497 graded peers; percentile 66.5, sampling error 2.2 points; lower is stronger |
| Rank | 331 of 497 |
| Profitability | Dpercentile 62.6 |
| Solvency | Cpercentile 45.1 |
| Growth and financing | Cpercentile 53.7 |
| Reliability | 0.94 AUCfailure model, filers with over $2.67B assets; 95% interval 0.88 to 0.97; 61 events, 2020 to 2025 |
| Peer failure rate | 0.52% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | over $2.67B assetstotal assets $48.0B[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | none activenot computable: distress, fortress balance sheet |
| Inputs computable | 9 of 14 |
| Graded from | filings received through Nov 25, 2025318 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $406.102026-10-08; market equity $196.8B; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Nov 25, 2025; the document on sec.gov.
Analog Devices, Inc. (we, Analog Devices or the Company) is a global semiconductor leader dedicated to solving our customers’ most complex engineering challenges. We deliver innovations that connect technology to human breakthroughs and play a critical role at the intersection of the physical and digital worlds by providing the building blocks to sense, measure, interpret, connect and power. We design, manufacture, test and market a broad portfolio of solutions, including integrated circuits (ICs), software and subsystems that leverage high-performance analog, mixed-signal and digital signal processing technologies.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 62.6 | |||||||
| Gross profitability | 14.1% | [1,3] | 28.5% | 74.9 | 558 | 2025-11-01 | |
| Return on invested capital | not computable | 10.9% | |||||
| one or more required annual facts are missing | |||||||
| Accruals ratio | (5.3%) | [1,4-6] | (7.4%) | 63.5 | 621 | 2025-11-01 | |
| Gross margin stability, five years | 2.3 pts | [2-3,7-14] | 2.4 pts | 49.3 | 429 | 2025-11-01 | |
| Solvency, sleeve percentile 45.1 | |||||||
| Twelve-month failure probability | not computable | 0.05% | |||||
| liabilities and a nearby cover-page share count are required at 2026-08-01 | |||||||
| Altman Z double-prime | not computable | 2.18 | |||||
| one or more required annual facts are missing | |||||||
| Net debt to EBITDA | not computable | 1.11x | |||||
| one or more required annual facts are missing | |||||||
| Interest coverage | not computable | 3.77x | |||||
| latest aligned inputs end 2023-10-28; latest annual assets end 2025-11-01 | |||||||
| Current ratio | 2.19x | [15-16] | 2.02x | 45.1 | 666 | 2025-11-01 | |
| Growth and financing, sleeve percentile 53.7 | |||||||
| Revenue growth, three-year compound | (2.8%) | [2,8,10,12] | 6.4% | 75.2 | 538 | 2025-11-01 | |
| Free cash flow growth, three-year compound | 4.3% | [5,17-23] | 17.2% | 70.4 | 268 | 2025-11-01 | |
| Reinvestment rate | 60.9% | [15-17,24-29] | 14.3% | 31.1 | 226 | 2025-11-01 | |
| Asset growth, three years | (1.6%) | [1,6,30-31] | 5.0% | 66.0 | 563 | 2025-11-01 | |
| Net share issuance, one year | (1.3%) | [32-33] | 0.5% | 25.6 | 407 | 2025-11-01 | |
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite 0.089; sampling error 2.2 percentile points on 497 peers.
Among 497 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 326 | Enovix Corp. (ENVX) Enovix Corp. (ENVX) Dfourth fifth; percentile 65.5 Nasdaq · Miscellaneous Electrical Machinery, Equipment & Supplies market equity $548.6M; last close $2.50 Warnings: short runway; 9 of 14 inputs | 65.5 | D | short runway |
| 327 | Shutterstock, Inc. (SSTK) Shutterstock, Inc. (SSTK) Dfourth fifth; percentile 65.7 NYSE · Services-Computer Processing & Data Preparation market equity $163.7M; last close $4.44 No active warnings; 10 of 14 inputs | 65.7 | D | |
| 328 | ON Semiconductor Corp. (ON) ON Semiconductor Corp. (ON) Dfourth fifth; percentile 65.9 Nasdaq · Semiconductors & Related Devices market equity $30.9B; last close $79.41 No active warnings; 13 of 14 inputs | 65.9 | D | |
| 329 | Teads Holding Co. (TEAD) Teads Holding Co. (TEAD) Dfourth fifth; percentile 66.1 Nasdaq · Services-Computer Programming, Data Processing, Etc. market equity $53.9M; last close $0.56 Warnings: distress; 9 of 14 inputs | 66.1 | D | distress |
| 330 | ClearSign Technologies Corp. (CLIR) ClearSign Technologies Corp. (CLIR) Dfourth fifth; percentile 66.3 Nasdaq · Industrial Instruments For Measurement, Display, and Control market equity $21.2M; last close $3.49 No active warnings; 7 of 14 inputs | 66.3 | D | |
| 331 | Analog Devices Inc. (ADI) Analog Devices Inc. (ADI) Dfourth fifth; percentile 66.5 Nasdaq · Semiconductors & Related Devices market equity $196.7B; last close $406.10 No active warnings; 9 of 14 inputs | 66.5 | D | |
| 332 | TripAdvisor, Inc. (TRIP) TripAdvisor, Inc. (TRIP) Dfourth fifth; percentile 66.7 Nasdaq · Services-Computer Programming, Data Processing, Etc. market equity $1.1B; last close $8.96 Warnings: fortress balance sheet; 9 of 14 inputs | 66.7 | D | fortress balance sheet |
| 333 | HP Inc. (HPQ) HP Inc. (HPQ) Dfourth fifth; percentile 66.9 NYSE · Computer & office Equipment market equity $29.3B; last close $32.45 No active warnings; 11 of 14 inputs | 66.9 | D | |
| 334 | Omnicell, Inc. (OMCL) Omnicell, Inc. (OMCL) Dfourth fifth; percentile 67.1 Nasdaq · Electronic Computers market equity $1.6B; last close $34.84 Warnings: fortress balance sheet; 10 of 14 inputs | 67.1 | D | fortress balance sheet |
| 335 | Allegro Microsystems, Inc. (ALGM) Allegro Microsystems, Inc. (ALGM) Dfourth fifth; percentile 67.3 Nasdaq · Semiconductors & Related Devices market equity $6.8B; last close $36.25 No active warnings; 13 of 14 inputs | 67.3 | D | |
| 336 | Franklin Wireless Corp. (FKWL) Franklin Wireless Corp. (FKWL) Dfourth fifth; percentile 67.5 Nasdaq · Telephone & Telegraph Apparatus market equity $26.0M; last close $2.20 No active warnings; 8 of 14 inputs | 67.5 | D |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | C | 57.8 | 2204 |
| sector peers, equal sleeves (the grade) | D | 66.5 | 497 |
| same exchange, equal sleeves | D | 64.4 | 1219 |
| sector peers, equal inputs | D | 70.6 | 497 |
Each letter is one fifth of the 497 graded peers, about 99 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | 48.3% | 2.2% | 79 | hotter than 79 of 100 peers |
| Distance from 52-week high | (8.9%) | (30.0%) | 80 | closer to its high than 80 of 100 peers |
| EBIT to enterprise value | 1.5% | 1.5% | 50 | pricier than 50 of 100 peers |
| Free cash flow yield | 2.2% | 2.7% | 43 | pricier than 57 of 100 peers |
| Book value to price | 0.17 | 0.23 | 39 | pricier than 61 of 100 peers |
| Sales to price | 0.06 | 0.30 | 10 | pricier than 90 of 100 peers |
| Composite equity issuance, five years | 17.4% | 3.9% | 68 | more equity-funded than 68 of 100 peers |
| Relative strength against the sector, log excess return | 0.11 | (0.26) | 79 | ahead of 79 of 100 peers |
Inputs: market equity $196.7B; EBIT $2.9B; free cash flow $4.3B; book equity $33.6B; sales $11.0B; debt $6.5B; cash $2.2B[34].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: 8 of 9, period end 2025-11-01 | ||
|---|---|---|
| Return on assets above zero | 4.7% | ✓ pass[4,6] |
| Operating cash flow above zero | $4.8B | ✓ pass[5] |
| Return on assets improved | 1.3 pts | ✓ pass[4,6,30,35] |
| Operating cash flow exceeds net income | $2.5B | ✓ pass[4-5] |
| Long-term leverage fell | 3.3 pts | ✗ fail[1,6,30,36-37] |
| Current ratio improved | 35.5 pts | ✓ pass[15-16,28-29] |
| No new shares issued | (1.3%) | ✓ pass[32-33] |
| Gross margin improved | 4.4 pts | ✓ pass[2-3,7-8] |
| Asset turnover improved | 3.5 pts | ✓ pass[2,6,8,30] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | $2.2B[38] |
| Operating cash flow, four quarters | $5.5B[5,38-42] |
| Months of runway | not finite |
| trailing operating cash flow is nonnegative, so runway is not finite | |
| Late filings, two years | 0 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 51 |
| 10-Q received Aug 19, 2026 | |
| Median daily dollar volume | $1.2B |
| 63 sessions | |
| Days since newest grade input | 318 |
Downloads [top]
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Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $48.0B | 2025-11-01 | 2025-11-25 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $11.0B | 2025-11-01 | 2025-11-25 | 10-K | filing · viewer · series |
| 3 | gross profit | us-gaap:GrossProfit | $6.8B | 2025-11-01 | 2025-11-25 | 10-K | filing · viewer · series |
| 4 | net income | us-gaap:NetIncomeLoss | $2.3B | 2025-11-01 | 2025-11-25 | 10-K | filing · viewer · series |
| 5 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $4.8B | 2025-11-01 | 2025-11-25 | 10-K | filing · viewer · series |
| 6 | assets | us-gaap:Assets | $48.2B | 2024-11-02 | 2025-11-25 | 10-K | filing · viewer · series |
| 7 | gross profit | us-gaap:GrossProfit | $5.4B | 2024-11-02 | 2025-11-25 | 10-K | filing · viewer · series |
| 8 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $9.4B | 2024-11-02 | 2025-11-25 | 10-K | filing · viewer · series |
| 9 | gross profit | us-gaap:GrossProfit | $7.9B | 2023-10-28 | 2025-11-25 | 10-K | filing · viewer · series |
| 10 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $12.3B | 2023-10-28 | 2025-11-25 | 10-K | filing · viewer · series |
| 11 | gross profit | us-gaap:GrossProfit | $7.5B | 2022-10-29 | 2024-11-26 | 10-K | filing · viewer · series |
| 12 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $12.0B | 2022-10-29 | 2024-11-26 | 10-K | filing · viewer · series |
| 13 | gross profit | us-gaap:GrossProfit | $4.5B | 2021-10-30 | 2023-11-21 | 10-K | filing · viewer · series |
| 14 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $7.3B | 2021-10-30 | 2023-11-21 | 10-K | filing · viewer · series |
| 15 | current assets | us-gaap:AssetsCurrent | $7.1B | 2025-11-01 | 2025-11-25 | 10-K | filing · viewer · series |
| 16 | current liabilities | us-gaap:LiabilitiesCurrent | $3.2B | 2025-11-01 | 2025-11-25 | 10-K | filing · viewer · series |
| 17 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $533.6M | 2025-11-01 | 2025-11-25 | 10-K | filing · viewer · series |
| 18 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $3.9B | 2024-11-02 | 2025-11-25 | 10-K | filing · viewer · series |
| 19 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $730.5M | 2024-11-02 | 2025-11-25 | 10-K | filing · viewer · series |
| 20 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $4.8B | 2023-10-28 | 2025-11-25 | 10-K | filing · viewer · series |
| 21 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $1.3B | 2023-10-28 | 2025-11-25 | 10-K | filing · viewer · series |
| 22 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $4.5B | 2022-10-29 | 2024-11-26 | 10-K | filing · viewer · series |
| 23 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $699.3M | 2022-10-29 | 2024-11-26 | 10-K | filing · viewer · series |
| 24 | depreciation amortization | us-gaap:Depreciation | $406.8M | 2025-11-01 | 2025-11-25 | 10-K | filing · viewer · series |
| 25 | operating income | us-gaap:OperatingIncomeLoss | $2.9B | 2025-11-01 | 2025-11-25 | 10-K | filing · viewer · series |
| 26 | pretax income | us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | $2.7B | 2025-11-01 | 2025-11-25 | 10-K | filing · viewer · series |
| 27 | income tax | us-gaap:IncomeTaxExpenseBenefit | $444.8M | 2025-11-01 | 2025-11-25 | 10-K | filing · viewer · series |
| 28 | current assets | us-gaap:AssetsCurrent | $5.5B | 2024-11-02 | 2025-11-25 | 10-K | filing · viewer · series |
| 29 | current liabilities | us-gaap:LiabilitiesCurrent | $3.0B | 2024-11-02 | 2025-11-25 | 10-K | filing · viewer · series |
| 30 | assets | us-gaap:Assets | $48.8B | 2023-10-28 | 2024-11-26 | 10-K | filing · viewer · series |
| 31 | assets | us-gaap:Assets | $50.3B | 2022-10-29 | 2023-11-21 | 10-K | filing · viewer · series |
| 32 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 489,654,097 | 2025-11-01 | 2025-11-25 | 10-K | filing · viewer · series |
| 33 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 496,296,854 | 2024-11-02 | 2024-11-26 | 10-K | filing · viewer · series |
| 34 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 484,565,465 | 2026-08-01 | 2026-08-19 | 10-Q | filing · viewer · series |
| 35 | net income | us-gaap:NetIncomeLoss | $1.6B | 2024-11-02 | 2025-11-25 | 10-K | filing · viewer · series |
| 36 | long term debt | us-gaap:LongTermDebtNoncurrent | $8.1B | 2025-11-01 | 2025-11-25 | 10-K | filing · viewer · series |
| 37 | long term debt | us-gaap:LongTermDebtNoncurrent | $6.6B | 2024-11-02 | 2025-11-25 | 10-K | filing · viewer · series |
| 38 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $2.2B | 2026-08-01 | 2026-08-19 | 10-Q | filing · viewer · series |
| 39 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $3.8B | 2026-08-01 | 2026-08-19 | 10-Q | filing · viewer · series |
| 40 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $2.2B | 2026-05-02 | 2026-05-20 | 10-Q | filing · viewer · series |
| 41 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $1.4B | 2026-01-31 | 2026-02-18 | 10-Q | filing · viewer · series |
| 42 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $3.1B | 2025-08-02 | 2026-08-19 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 66.5 is 6.5 points from the nearest band edge; sampling error is 2.2 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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