The Filing Desk

Analog Devices vs STMicroelectronics

Analog Devices ADI · STMicroelectronics STM · Semiconductors

STMicroelectronics reported revenue of $11.8 billion in fiscal 2025, about the same as Analog Devices' $11.0 billion in fiscal 2025. Analog Devices' revenue grew 16.9% in its latest year, and STMicroelectronics' fell 11.1%. Analog Devices had an operating margin of 26.6%, against 1.5% at STMicroelectronics. Their fiscal years end in different months (November 1 and December 31), so the periods don't line up exactly.

Side by side

Analog DevicesSTMicroelectronics
Latest fiscal yearFY2025, Nov 1, 2025FY2025, Dec 31, 2025
Revenue$11.0B$11.8B
Revenue growth16.9%−11.1%
Revenue growth a year, last 5 years14.5%2.9%
Gross margin61.5%33.9%
Operating margin26.6%1.5%
Net margin20.6%1.4%
Free cash flow$4.3B—
Free cash flow margin38.8%—
Return on capital6.2%0.5%
Net debt to EBITDA1.0x−0.8x
Dividends and buybacks$4.1B$688M
Change in diluted share count−0.4%−1.7%
Last close$407.93$45.19
P/E at the last close48.4×—
Insider trades, last 12 monthssold $105.2 million—
Piotroski F-score8 of 96 of 9
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
Analog DevicesSTMicroelectronics
Operating margin
Percent of revenue
Analog DevicesSTMicroelectronics
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Analog DevicesSTMicroelectronics

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Analog Devices and STMicroelectronics pages.