Stock Analysis on Net
Stock Analysis on Net

Analog Devices Inc. (NASDAQ:ADI)

Common-Size Income Statement

Analog Devices Inc., common-size consolidated income statement

Microsoft Excel
12 months ended: Nov 2, 2024 Oct 28, 2023 Oct 29, 2022 Oct 30, 2021 Oct 31, 2020 Nov 2, 2019
Revenue 100.00 100.00 100.00 100.00 100.00 100.00
Cost of sales -42.92 -35.99 -37.30 -38.17 -34.13 -33.00
Gross margin 57.08% 64.01% 62.70% 61.83% 65.87% 67.00%
Research and development -15.78 -13.49 -14.15 -17.71 -18.75 -18.87
Selling, marketing, general and administrative -11.34 -10.35 -10.54 -12.51 -11.78 -10.82
Amortization of intangibles -8.01 -7.80 -8.43 -7.34 -7.66 -7.16
Special charges, net -0.40 -1.31 -2.28 -1.15 -0.93 -1.60
Operating expenses -35.52% -32.95% -35.41% -38.71% -39.13% -38.44%
Operating income 21.56% 31.07% 27.29% 23.12% 26.74% 28.55%
Interest expense -3.42 -2.15 -1.67 -2.53 -3.45 -3.82
Loss on extinguishment of debt 0.00 0.00 0.00 -2.94 0.00 0.00
Interest income 0.84 0.34 0.06 0.02 0.08 0.17
Other, net -0.13 0.07 0.11 0.48 0.04 -0.10
Nonoperating income (expenses) -2.71% -1.75% -1.50% -4.97% -3.33% -3.75%
Income before income taxes 18.85% 29.32% 25.79% 18.16% 23.41% 24.80%
(Provision for) benefit from income taxes -1.51 -2.38 -2.91 0.84 -1.62 -2.05
Net income 17.35% 26.94% 22.88% 19.00% 21.79% 22.75%

Based on: 10-K (reporting date: 2024-11-02), 10-K (reporting date: 2023-10-28), 10-K (reporting date: 2022-10-29), 10-K (reporting date: 2021-10-30), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-11-02).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Analog Devices Inc. operating income as a percentage of revenue increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Analog Devices Inc. income before income taxes as a percentage of revenue increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Analog Devices Inc. net income as a percentage of revenue increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.