Skip to content
stoqly

Cirrus Logic

CRUS Nasdaq Semiconductors Financials FY2017–FY2026

Cirrus Logic's revenue rose 5.3% to $2.0 billion in fiscal 2026. Its operating margin was 23.1%, up from 21.6% a year earlier. Free cash flow was $637 million, up 51.0%. It paid out $280 million in dividends and buybacks, 44% of free cash flow. The diluted share count fell 4.4%.

Last close · Oct 23, 2026

$112.32

1.7%
Value it Compare
Revenue Total sales reported in the income statement.
$2.0B
5.3% vs prior year
Operating margin Operating income as a share of revenue.
23.1%
1.4 pts
Net income Profit after all expenses, interest and tax.
$414M
25.0%
Free cash flow Cash from operations minus capital spending.
$637M
51.0%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
29.6%
6.5 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$5.9B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
13.7x
On $8.19 EPS (TTM)

About these figures. Cirrus Logic's only borrowing was on its credit line (US$60 million at the end of fiscal 2017, repaid in fiscal 2018); it has had none since, so debt is zero from fiscal 2018.

What Cirrus Logic does

No business description yet.

Legal name
CIRRUS LOGIC, INC.
Fiscal year ends
March 28, 2026
Latest annual report
—
Accession · CIK
0000772406-26-000018
0000772406

Revenue and margins

Cirrus Logic had $2.0B of revenue in fiscal 2026, up 5.3% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2017 to 2026, diluted EPS grew 8.0% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $637M in fiscal 2026, 31.9% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Cirrus Logic returned $280M to shareholders in fiscal 2026, 44% of free cash flow. The diluted share count fell 4.4%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Cirrus Logic yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of $888M and divides by 52.8M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 13.7x · peers 56.4x · sector 33.5x.

Balance sheet

Cash, debt and the ratios that show how comfortably Cirrus Logic can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY22FY23FY24FY25FY26
Cash and short-term investments $380M$481M$527M$596M$888M
Debt incl. finance leases $0.0M$0.0M$0.0M$0.0M$0.0M
Net debt / EBITDA −0.9x−1.5x−1.3x−1.3x−1.7x
Debt / equity 0.0x0.0x0.0x0.0x0.0x
Interest coverage 386.4x277.3x375.4x457.0x512.7x
Current ratio 3.2x4.7x5.9x6.4x7.4x
Quick ratio 2.7x3.6x4.7x4.8x6.1x
Total assets $2.1B$2.1B$2.2B$2.3B$2.5B
Total liabilities $524M$406M$415M$378M$361M
Shareholders' equity $1.6B$1.7B$1.8B$1.9B$2.1B
Net debt (− = net cash) −$380M−$481M−$527M−$596M−$888M

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$5.3M

4 insiders

Of sales under plans

94%

$5.0M

DateInsiderTradeSharesPriceValueFiling
Oct 20, 2026 Jeffrey W BaumgartnerEVP, R&D Sold plan 1,166 $107.75 $0.1M Form 4
Sep 21, 2026 Jeffrey W BaumgartnerEVP, R&D Sold plan 1,166 $119.00 $0.1M Form 4
Aug 20, 2026 Jeffrey W BaumgartnerEVP, R&D Sold plan 1,166 $117.89 $0.1M Form 4
Jul 20, 2026 Jeffrey W BaumgartnerEVP, R&D Sold plan 1,166 $138.57 $0.2M Form 4
Jul 1, 2026 Jeffrey W BaumgartnerEVP, R&D Sold plan 1,458 $145.97 $0.2M Form 4
Jun 29, 2026 Andrew BrannanEVP, Worldwide Sales Sold plan 6,464 $144.71 $0.9M Form 4
Jun 22, 2026 Jeffrey W BaumgartnerEVP, R&D Sold plan 1,170 $168.23 $0.2M Form 4
Jun 3, 2026 Scott ThomasEVP, General Counsel Sold plan 1,300 $180.04 $0.2M Form 4
Jun 2, 2026 Jeffrey W BaumgartnerEVP, R&D Sold plan 3,907 $168.54 $0.7M Form 4
May 29, 2026 Andrew BrannanEVP, Worldwide Sales Sold plan 1,645 $175.75 $0.3M Form 4
May 29, 2026 Jeffrey W BaumgartnerEVP, R&D Sold plan 11,171 $171.65 $1.9M Form 4
May 21, 2026 Justin E DoughertyEVP, Global Operations Sold 2,000 $166.50 $0.3M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY24FY25FY26
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✓ ✓ ✓
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✕ ✕ ✕
Current ratio rose ✓ ✓ ✓
Share count didn't rise ✓ ✓ ✓
Gross margin rose ✓ ✓ ✓
Revenue rose relative to assets ✕ ✕ ✓
F-score 7 / 97 / 98 / 9
Accruals ratio −6.9%−5.0%−9.8%
Altman Z'' 8.439.6810.93

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Cirrus Logic CRUS $5.9B 5.3% 23.1% 31.9% 29.6% 13.7x 8
Monolithic Power Systems MPWR $56.2B 26.4% 26.1% 23.9% 27.1% 69.7x 5 Compare →
Synaptics SYNA $4.6B 11.4% −5.6% 8.5% −3.4% — 5 Compare →
Semtech SMTC $12.9B 15.5% 3.1% 16.3% 2.9% — 7 Compare →
Skyworks Solutions SWKS $12.6B −2.2% 12.2% 27.1% 8.5% 43.2x 5 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
Income statement
Revenue $1.5B $1.5B $1.2B $1.3B $1.4B $1.8B $1.9B $1.8B $1.9B $2.0B
Gross profit $758M $761M $598M $674M $707M $924M $957M $916M $996M $1.1B
Research and development $304M $366M $375M $348M $343M $406M $458M $427M $435M $434M
Operating income $317M $263M $101M $174M $237M $366M $249M $344M $410M $460M
Interest expense $3.6M $1.2M $1.1M $1.1M $1.1M $0.9M $0.9M $0.9M $0.9M $0.9M
Pretax income $315M $265M $93.7M $181M $245M $369M $255M $364M $445M $497M
Income tax $53.8M $103M $3.8M $21.8M $27.9M $42.3M $78.0M $89.4M $113M $82.3M
Net income $261M $162M $90.0M $160M $217M $326M $177M $275M $332M $414M
Diluted EPS $3.92 $2.46 $1.46 $2.64 $3.62 $5.52 $3.09 $4.90 $6.00 $7.85
Diluted shares 0.07B 0.07B 0.06B 0.06B 0.06B 0.06B 0.06B 0.06B 0.06B 0.05B
Cash flow
Cash from operations $370M $319M $207M $296M $349M $125M $340M $422M $444M $651M
Capital expenditure $41.8M $55.2M $31.6M $15.7M $18.3M $26.1M $35.1M $37.6M $22.8M $14.0M
Free cash flow $328M $264M $175M $280M $331M $98.6M $304M $384M $422M $637M
Depreciation and amortization $63.4M $81.4M $79.8M $68.2M $47.1M $62.1M $71.2M $48.3M $51.0M $52.3M
Stock-based compensation $39.6M $48.7M $49.7M $53.8M $56.8M $66.4M $81.6M $89.3M $84.1M $81.8M
Acquisitions $0.0M $0.0M $0.0M $0.0M $0.0M $277M $0.0M $0.0M $0.0M $0.0M
Share buybacks $15.4M $176M $160M $120M $110M $168M $191M $186M $261M $280M
Dividends paid $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Dividends and buybacks $15.4M $176M $160M $120M $110M $168M $191M $186M $261M $280M
Balance sheet
Cash and short-term investments $451M $262M $286M $314M $498M $380M $481M $527M $596M $888M
Total debt $60.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Current assets $776M $614M $625M $650M $843M $840M $1.0B $1.1B $1.2B $1.4B
Current liabilities $144M $140M $116M $159M $214M $265M $216M $186M $195M $195M
Inventory $168M $206M $165M $147M $173M $138M $233M $227M $299M $241M
Property and equipment, net $168M $191M $186M $158M $155M $157M $163M $170M $160M $144M
Total assets $1.4B $1.4B $1.4B $1.6B $1.8B $2.1B $2.1B $2.2B $2.3B $2.5B
Total liabilities $262M $268M $212M $363M $442M $524M $406M $415M $378M $361M
Shareholders' equity $1.2B $1.2B $1.1B $1.2B $1.4B $1.6B $1.7B $1.8B $1.9B $2.1B
Margins
Gross margin 49.2% 49.7% 50.4% 52.6% 51.7% 51.9% 50.4% 51.2% 52.5% 52.8%
Operating margin 20.6% 17.1% 8.5% 13.5% 17.3% 20.6% 13.1% 19.2% 21.6% 23.1%
EBITDA margin 24.7% 22.4% 15.2% 18.9% 20.8% 24.1% 16.9% 21.9% 24.3% 25.7%
Net margin 17.0% 10.6% 7.6% 12.5% 15.9% 18.3% 9.3% 15.4% 17.5% 20.8%
FCF margin 21.3% 17.2% 14.8% 21.9% 24.2% 5.5% 16.1% 21.5% 22.2% 31.9%
Returns
Return on capital 33.9% 19.3% 11.0% 17.3% 23.3% 30.7% 14.4% 21.0% 23.1% 29.6%
Return on capital employed 27.3% 20.5% 8.0% 13.0% 15.6% 21.1% 13.4% 17.7% 19.7% 20.8%
Return on equity 26.0% 14.0% 7.8% 13.5% 16.6% 21.8% 10.9% 15.8% 17.6% 20.3%
Return on assets 20.1% 11.4% 6.5% 10.8% 12.7% 16.5% 8.4% 12.8% 14.5% 17.2%
Growth
Revenue growth 31.6% −0.4% −22.6% 8.1% 6.9% 30.1% 6.5% −5.7% 6.0% 5.3%
Net income growth 111.3% −38.0% −44.5% 77.2% 36.3% 50.2% −45.9% 55.4% 20.7% 25.0%
EPS growth 109.6% −37.2% −40.7% 80.8% 37.1% 52.5% −44.0% 58.6% 22.5% 30.8%
FCF growth 205.1% −19.6% −33.6% 60.0% 18.0% −70.2% 208.8% 26.1% 9.8% 51.0%
Share count change 0.9% −0.9% −6.6% −1.8% −0.7% −1.5% −3.2% −2.1% −1.4% −4.4%
Financial health
Net debt / EBITDA −1.0x −0.8x −1.6x −1.3x −1.8x −0.9x −1.5x −1.3x −1.3x −1.7x
Debt / equity 0.1x 0.0x 0.0x 0.0x 0.0x 0.0x 0.0x 0.0x 0.0x 0.0x
Interest coverage 88.1x 227.6x 95.3x 164.1x 224.4x 386.4x 277.3x 375.4x 457.0x 512.7x
Current ratio 5.4x 4.4x 5.4x 4.1x 3.9x 3.2x 4.7x 5.9x 6.4x 7.4x
Quick ratio 4.2x 2.9x 4.0x 3.2x 3.1x 2.7x 3.6x 4.7x 4.8x 6.1x
Capital allocation
Capex / revenue 2.7% 3.6% 2.7% 1.2% 1.3% 1.5% 1.9% 2.1% 1.2% 0.7%
Stock comp / revenue 2.6% 3.2% 4.2% 4.2% 4.2% 3.7% 4.3% 5.0% 4.4% 4.1%
Payouts / FCF 4.7% 66.7% 91.4% 42.8% 33.3% 169.9% 62.9% 48.4% 61.9% 44.0%
Quality scores
Piotroski F-score 8.0 6.0 6.0 7.0 5.0 6.0 5.0 7.0 7.0 8.0
Altman Z'' 8.8 7.6 8.1 5.9 6.2 6.2 7.6 8.4 9.7 10.9
Accruals ratio −8.4% −11.0% −8.4% −9.3% −7.7% 10.2% −7.8% −6.9% −5.0% −9.8%

Source: SEC EDGAR XBRL filings (CIK 0000772406). Data updated October 16, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

↑ ↓ to move · ↵ to open