Analysis of Profitability Ratios
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
Analog Devices Inc., profitability ratios
Based on: 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), 10-K (reporting date: 2018-11-03).
| Profitability ratio | Description | The company |
|---|---|---|
| Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | Analog Devices Inc. gross profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. |
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Analog Devices Inc. operating profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. |
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Analog Devices Inc. net profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. |
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | Analog Devices Inc. ROE improved from 2021 to 2022 and from 2022 to 2023. |
| ROA | A profitability ratio calculated as net income divided by total assets. | Analog Devices Inc. ROA improved from 2021 to 2022 and from 2022 to 2023. |
Gross Profit Margin
Analog Devices Inc., gross profit margin calculation, comparison to benchmarks
| Oct 28, 2023 | Oct 29, 2022 | Oct 30, 2021 | Oct 31, 2020 | Nov 2, 2019 | Nov 3, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Gross margin | 7,877,218) | 7,532,474) | 4,525,012) | 3,690,478) | 4,013,750) | 4,233,302) | |
| Revenue | 12,305,539) | 12,013,953) | 7,318,286) | 5,603,056) | 5,991,065) | 6,200,942) | |
| Profitability Ratio | |||||||
| Gross profit margin1 | 64.01% | 62.70% | 61.83% | 65.87% | 67.00% | 68.27% | |
| Benchmarks | |||||||
| Gross Profit Margin, Competitors2 | |||||||
| Advanced Micro Devices Inc. | 46.12% | 44.93% | 48.25% | 44.53% | 42.61% | — | |
| Applied Materials Inc. | 46.70% | 46.51% | 47.32% | 44.72% | 43.72% | 45.31% | |
| Broadcom Inc. | 68.93% | 66.55% | 61.36% | 56.58% | 55.24% | 51.48% | |
| First Solar Inc. | 39.19% | 2.67% | 24.97% | 25.10% | 17.93% | — | |
| Intel Corp. | 40.04% | 42.61% | 55.45% | 56.01% | 58.56% | — | |
| KLA Corp. | 59.81% | 61.00% | 59.93% | 57.81% | 59.08% | — | |
| Lam Research Corp. | 44.62% | 45.69% | 46.53% | 45.88% | 45.15% | — | |
| Micron Technology Inc. | -9.11% | 45.18% | 37.62% | 30.57% | 45.72% | — | |
| NVIDIA Corp. | 56.93% | 64.93% | 62.34% | 61.99% | 61.21% | — | |
| Qualcomm Inc. | 55.70% | 57.84% | 57.51% | 60.67% | 64.57% | — | |
| Texas Instruments Inc. | 62.90% | 68.76% | 67.47% | 64.10% | 63.71% | — | |
Based on: 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), 10-K (reporting date: 2018-11-03).
1 2023 Calculation
Gross profit margin = 100 × Gross margin ÷ Revenue
= 100 × 7,877,218 ÷ 12,305,539 = 64.01%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | Analog Devices Inc. gross profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. |
Operating Profit Margin
Analog Devices Inc., operating profit margin calculation, comparison to benchmarks
| Oct 28, 2023 | Oct 29, 2022 | Oct 30, 2021 | Oct 31, 2020 | Nov 2, 2019 | Nov 3, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Operating income | 3,823,112) | 3,278,700) | 1,692,201) | 1,498,244) | 1,710,608) | 1,881,735) | |
| Revenue | 12,305,539) | 12,013,953) | 7,318,286) | 5,603,056) | 5,991,065) | 6,200,942) | |
| Profitability Ratio | |||||||
| Operating profit margin1 | 31.07% | 27.29% | 23.12% | 26.74% | 28.55% | 30.35% | |
| Benchmarks | |||||||
| Operating Profit Margin, Competitors2 | |||||||
| Advanced Micro Devices Inc. | 1.77% | 5.36% | 22.20% | 14.02% | 9.37% | — | |
| Applied Materials Inc. | 28.86% | 30.20% | 29.87% | 25.37% | 22.93% | 27.80% | |
| Broadcom Inc. | 45.25% | 42.84% | 31.03% | 16.80% | 15.24% | 24.63% | |
| First Solar Inc. | 25.83% | -1.04% | 20.07% | 11.71% | -5.28% | — | |
| Intel Corp. | 0.17% | 3.70% | 24.62% | 30.41% | 30.62% | — | |
| KLA Corp. | 38.06% | 39.67% | 35.97% | 25.87% | 30.41% | — | |
| Lam Research Corp. | 29.69% | 31.24% | 30.64% | 26.62% | 25.53% | — | |
| Micron Technology Inc. | -36.97% | 31.54% | 22.68% | 14.01% | 31.51% | — | |
| NVIDIA Corp. | 15.66% | 37.31% | 27.18% | 26.07% | 32.47% | — | |
| Qualcomm Inc. | 21.74% | 35.88% | 29.16% | 26.58% | 31.59% | — | |
| Texas Instruments Inc. | 41.85% | 50.63% | 48.84% | 40.76% | 39.79% | — | |
| Operating Profit Margin, Sector | |||||||
| Semiconductors & Semiconductor Equipment | 18.59% | 27.10% | 28.22% | 25.72% | 27.91% | — | |
| Operating Profit Margin, Industry | |||||||
| Information Technology | 26.21% | 28.31% | 28.72% | 24.93% | 25.33% | — | |
Based on: 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), 10-K (reporting date: 2018-11-03).
1 2023 Calculation
Operating profit margin = 100 × Operating income ÷ Revenue
= 100 × 3,823,112 ÷ 12,305,539 = 31.07%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Analog Devices Inc. operating profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. |
Net Profit Margin
Analog Devices Inc., net profit margin calculation, comparison to benchmarks
| Oct 28, 2023 | Oct 29, 2022 | Oct 30, 2021 | Oct 31, 2020 | Nov 2, 2019 | Nov 3, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net income | 3,314,579) | 2,748,561) | 1,390,422) | 1,220,761) | 1,363,011) | 1,495,432) | |
| Revenue | 12,305,539) | 12,013,953) | 7,318,286) | 5,603,056) | 5,991,065) | 6,200,942) | |
| Profitability Ratio | |||||||
| Net profit margin1 | 26.94% | 22.88% | 19.00% | 21.79% | 22.75% | 24.12% | |
| Benchmarks | |||||||
| Net Profit Margin, Competitors2 | |||||||
| Advanced Micro Devices Inc. | 3.77% | 5.59% | 19.24% | 25.50% | 5.07% | — | |
| Applied Materials Inc. | 25.86% | 25.31% | 25.53% | 21.04% | 18.52% | 19.20% | |
| Broadcom Inc. | 39.31% | 34.62% | 24.54% | 12.39% | 12.05% | 58.80% | |
| First Solar Inc. | 25.03% | -1.69% | 16.03% | 14.69% | -3.75% | — | |
| Intel Corp. | 3.11% | 12.71% | 25.14% | 26.84% | 29.25% | — | |
| KLA Corp. | 32.27% | 36.06% | 30.04% | 20.96% | 25.73% | — | |
| Lam Research Corp. | 25.88% | 26.73% | 26.72% | 22.42% | 22.70% | — | |
| Micron Technology Inc. | -37.54% | 28.24% | 21.16% | 12.54% | 26.97% | — | |
| NVIDIA Corp. | 16.19% | 36.23% | 25.98% | 25.61% | 35.34% | — | |
| Qualcomm Inc. | 20.19% | 29.27% | 26.94% | 22.09% | 18.07% | — | |
| Texas Instruments Inc. | 37.16% | 43.68% | 42.35% | 38.69% | 34.88% | — | |
| Net Profit Margin, Sector | |||||||
| Semiconductors & Semiconductor Equipment | 17.15% | 25.31% | 25.73% | 22.99% | 24.09% | — | |
| Net Profit Margin, Industry | |||||||
| Information Technology | 22.04% | 23.93% | 25.58% | 21.38% | 22.17% | — | |
Based on: 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), 10-K (reporting date: 2018-11-03).
1 2023 Calculation
Net profit margin = 100 × Net income ÷ Revenue
= 100 × 3,314,579 ÷ 12,305,539 = 26.94%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Analog Devices Inc. net profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. |
Return on Equity (ROE)
Analog Devices Inc., ROE calculation, comparison to benchmarks
| Oct 28, 2023 | Oct 29, 2022 | Oct 30, 2021 | Oct 31, 2020 | Nov 2, 2019 | Nov 3, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net income | 3,314,579) | 2,748,561) | 1,390,422) | 1,220,761) | 1,363,011) | 1,495,432) | |
| Shareholders’ equity | 35,565,122) | 36,465,323) | 37,992,542) | 11,997,945) | 11,709,188) | 10,988,540) | |
| Profitability Ratio | |||||||
| ROE1 | 9.32% | 7.54% | 3.66% | 10.17% | 11.64% | 13.61% | |
| Benchmarks | |||||||
| ROE, Competitors2 | |||||||
| Advanced Micro Devices Inc. | 1.53% | 2.41% | 42.18% | 42.66% | 12.06% | — | |
| Applied Materials Inc. | 41.94% | 53.51% | 48.08% | 34.21% | 32.94% | 48.44% | |
| Broadcom Inc. | 58.70% | 50.62% | 26.99% | 12.40% | 10.92% | 45.99% | |
| First Solar Inc. | 12.42% | -0.76% | 7.86% | 7.22% | -2.26% | — | |
| Intel Corp. | 1.60% | 7.90% | 20.83% | 25.79% | 27.16% | — | |
| KLA Corp. | 116.01% | 237.04% | 61.53% | 45.65% | 44.21% | — | |
| Lam Research Corp. | 54.94% | 73.35% | 64.85% | 43.53% | 46.89% | — | |
| Micron Technology Inc. | -13.22% | 17.41% | 13.34% | 6.89% | 17.59% | — | |
| NVIDIA Corp. | 19.76% | 36.65% | 25.64% | 22.91% | 44.33% | — | |
| Qualcomm Inc. | 33.51% | 71.81% | 90.88% | 85.54% | 89.35% | — | |
| Texas Instruments Inc. | 38.53% | 60.02% | 58.27% | 60.90% | 56.33% | — | |
| ROE, Sector | |||||||
| Semiconductors & Semiconductor Equipment | 13.28% | 22.31% | 25.40% | 24.08% | 26.08% | — | |
| ROE, Industry | |||||||
| Information Technology | 31.78% | 38.36% | 42.36% | 35.12% | 36.53% | — | |
Based on: 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), 10-K (reporting date: 2018-11-03).
1 2023 Calculation
ROE = 100 × Net income ÷ Shareholders’ equity
= 100 × 3,314,579 ÷ 35,565,122 = 9.32%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | Analog Devices Inc. ROE improved from 2021 to 2022 and from 2022 to 2023. |
Return on Assets (ROA)
Analog Devices Inc., ROA calculation, comparison to benchmarks
| Oct 28, 2023 | Oct 29, 2022 | Oct 30, 2021 | Oct 31, 2020 | Nov 2, 2019 | Nov 3, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net income | 3,314,579) | 2,748,561) | 1,390,422) | 1,220,761) | 1,363,011) | 1,495,432) | |
| Total assets | 48,794,478) | 50,302,350) | 52,322,071) | 21,468,603) | 21,392,641) | 20,449,779) | |
| Profitability Ratio | |||||||
| ROA1 | 6.79% | 5.46% | 2.66% | 5.69% | 6.37% | 7.31% | |
| Benchmarks | |||||||
| ROA, Competitors2 | |||||||
| Advanced Micro Devices Inc. | 1.26% | 1.95% | 25.46% | 27.78% | 5.66% | — | |
| Applied Materials Inc. | 22.31% | 24.41% | 22.80% | 16.19% | 14.22% | 18.64% | |
| Broadcom Inc. | 19.33% | 15.69% | 8.91% | 3.90% | 4.04% | 24.46% | |
| First Solar Inc. | 8.02% | -0.54% | 6.32% | 5.60% | -1.53% | — | |
| Intel Corp. | 0.88% | 4.40% | 11.80% | 13.65% | 15.42% | — | |
| KLA Corp. | 24.07% | 26.37% | 20.23% | 13.11% | 13.05% | — | |
| Lam Research Corp. | 24.02% | 26.78% | 24.59% | 15.47% | 18.26% | — | |
| Micron Technology Inc. | -9.08% | 13.11% | 9.96% | 5.01% | 12.91% | — | |
| NVIDIA Corp. | 10.61% | 22.07% | 15.05% | 16.15% | 31.15% | — | |
| Qualcomm Inc. | 14.17% | 26.39% | 21.93% | 14.60% | 13.31% | — | |
| Texas Instruments Inc. | 20.12% | 32.16% | 31.48% | 28.91% | 27.84% | — | |
| ROA, Sector | |||||||
| Semiconductors & Semiconductor Equipment | 7.42% | 12.50% | 13.52% | 11.70% | 13.08% | — | |
| ROA, Industry | |||||||
| Information Technology | 13.01% | 14.99% | 15.62% | 12.12% | 12.78% | — | |
Based on: 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), 10-K (reporting date: 2018-11-03).
1 2023 Calculation
ROA = 100 × Net income ÷ Total assets
= 100 × 3,314,579 ÷ 48,794,478 = 6.79%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROA | A profitability ratio calculated as net income divided by total assets. | Analog Devices Inc. ROA improved from 2021 to 2022 and from 2022 to 2023. |