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InterDigital

IDCC Nasdaq Communications Equipment Financials FY2016–FY2025

InterDigital's revenue fell 4.0% to $834 million in fiscal 2025. Its operating margin was 55.3%, up from 50.6% a year earlier. Free cash flow was $529 million, up 99.0%. It paid out $163 million in dividends and buybacks, 31% of free cash flow. The diluted share count rose 16.0%.

Last close · Oct 23, 2026

$327.28

1.4%
Value it Compare
Revenue Total sales reported in the income statement.
$834M
4.0% vs prior year
Operating margin Operating income as a share of revenue.
55.3%
4.7 pts
Net income Profit after all expenses, interest and tax.
$407M
13.4%
Free cash flow Cash from operations minus capital spending.
$529M
98.9%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
113.5%
19.1 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$11.2B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
38.1x
On $8.59 EPS (TTM)

What InterDigital does

No business description yet.

Legal name
INTERDIGITAL, INC.
Fiscal year ends
December 31, 2025
Latest annual report
—
Accession · CIK
0001405495-26-000011
0001405495

Revenue and margins

InterDigital had $834M of revenue in fiscal 2025, down 4.0% 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 2016 to 2025, diluted EPS grew 3.3% 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 $529M in fiscal 2025, 63.4% 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

InterDigital returned $163M to shareholders in fiscal 2025, 31% of free cash flow. The diluted share count rose 16.0%.

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

Value InterDigital 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 $769M and divides by 34.5M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 38.1x · peers 36.7x · sector 33.0x.

Balance sheet

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

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $942M$1.2B$1.0B$958M$1.2B
Debt incl. finance leases $423M$607M$608M$472M$475M
Net debt / EBITDA −3.5x−2.6x−1.3x−1.0x−1.4x
Debt / equity 0.6x0.8x1.1x0.6x0.4x
Interest coverage 2.8x5.1x4.9x9.7x11.5x
Current ratio 2.8x5.0x1.3x1.7x1.8x
Quick ratio 2.8x5.0x1.3x1.7x1.8x
Total assets $1.6B$1.9B$1.8B$1.8B$2.1B
Total liabilities $875M$1.2B$1.2B$978M$963M
Shareholders' equity $745M$725M$582M$857M$1.1B
Net debt (− = net cash) −$519M−$595M−$399M−$486M−$769M

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

$3.3M

7 insiders

Of sales under plans

100%

$3.3M

DateInsiderTradeSharesPriceValueFiling
Sep 8, 2026 Rajesh PankajChief Technology Officer Sold plan 1,500 $338.00 $0.5M Form 4
Aug 7, 2026 Joan H GillmanDirector Sold plan 300 $331.06 $0.1M Form 4
Aug 5, 2026 Rajesh PankajChief Technology Officer Sold plan 1,500 $324.88 $0.5M Form 4
Jul 6, 2026 Rajesh PankajChief Technology Officer Sold plan 1,500 $286.00 $0.4M Form 4
Jun 22, 2026 John D. Markley Jr.Director Sold plan 400 $300.00 $0.1M Form 4
Jun 12, 2026 Derek K AberleDirector Sold plan 522 $276.64 $0.1M Form 4
Jun 12, 2026 John A KritzmacherDirector Sold plan 365 $276.64 $0.1M Form 4
Jun 12, 2026 Samir ArmalyDirector Sold plan 470 $276.64 $0.1M Form 4
Jun 11, 2026 Rajesh PankajChief Technology Officer Sold plan 1,500 $290.00 $0.4M Form 4
Jun 5, 2026 Rajesh PankajChief Technology Officer Sold plan 750 $258.38 $0.2M Form 4
Jun 3, 2026 Julia C MattisChief Licensing Officer Sold plan 1,600 $257.65 $0.4M Form 4
May 5, 2026 Rajesh PankajChief Technology Officer Sold plan 750 $278.00 $0.2M Form 4

Piotroski F-score

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

TestFY23FY24FY25
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 6 / 86 / 86 / 8
Accruals ratio 0.0%4.8%−7.1%
Altman Z'' 5.117.498.06

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
InterDigital IDCC $11.2B −4.0% 55.3% 63.4% 113.5% 38.1x 6
Viavi Solutions VIAV $7.0B 40.0% 6.9% 5.5% 4.3% — 6 Compare →
Lumentum LITE $56.4B 83.2% 17.4% 10.0% 10.4% — 5 Compare →
F5 FFIV $26.2B 9.7% 24.8% 29.4% 30.5% 36.3x 8 Compare →
Ubiquiti UI $35.6B 27.2% 36.2% 27.8% 104.2% 37.1x 7 Compare →

10 years of figures

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

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $666M $533M $307M $319M $359M $425M $458M $550M $869M $834M
Research and development $73.1M $75.7M $69.7M $74.9M $204M $201M $185M — — —
Operating income $437M $302M $62.6M $37.8M $55.2M $71.2M $151M $222M $440M $461M
Interest expense $21.1M $17.8M $36.0M $41.0M $40.8M $25.2M $29.5M $44.8M $45.4M $40.0M
Pretax income $422M $292M $32.1M $25.9M $31.3M $57.6M $118M $235M $429M $469M
Income tax $117M $122M −$27.4M $11.0M −$6.6M $15.4M $25.5M $23.6M $70.8M $62.8M
Net income $309M $176M $65.0M $20.9M $44.8M $55.3M $93.7M $214M $359M $407M
Diluted EPS $8.78 $4.93 $1.84 $0.66 $1.44 $1.77 $3.07 $7.62 $12.07 $11.80
Diluted shares 0.04B 0.04B 0.04B 0.03B 0.03B 0.03B 0.03B 0.03B 0.03B 0.03B
Cash flow
Cash from operations $434M $316M $147M $89.4M $164M $130M $286M $214M $272M $544M
Capital expenditure $5.9M $2.1M $2.6M $4.5M $11.8M $2.5M $3.2M $4.3M $5.8M $15.9M
Free cash flow $428M $314M $144M $84.9M $152M $128M $283M $209M $266M $529M
Depreciation and amortization $52.8M $57.1M $66.1M $77.1M $81.0M $78.2M $78.6M $77.8M $69.9M $77.5M
Stock-based compensation $21.8M $18.1M $7.1M $7.6M $10.4M $28.7M $22.1M $35.7M $46.0M $43.2M
Acquisitions $48.0M $0.0M $143M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Share buybacks $64.7M $7.7M $111M $196M $0.3M $30.0M $74.4M $340M $66.7M $102M
Dividends paid $31.1M $43.3M $48.5M $44.6M $43.1M $43.1M $42.3M $39.5M $41.8M $60.7M
Dividends and buybacks $95.8M $51.0M $159M $241M $43.4M $73.1M $117M $379M $109M $163M
Balance sheet
Cash and short-term investments $953M $1.2B $946M $925M $927M $942M $1.2B $1.0B $958M $1.2B
Total debt — $285M $317M $445M $368M $423M $607M $608M $472M $475M
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 $1.2B $1.4B $1.0B $1.0B $1.0B $1.1B $1.3B $1.2B $1.2B $1.4B
Current liabilities $426M $376M $179M $306M $296M $372M $271M $881M $726M $753M
Inventory $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Property and equipment, net $12.6M $10.7M $10.1M $10.2M $16.6M $13.4M $11.3M $11.6M $18.5M $23.7M
Total assets $1.7B $1.9B $1.6B $1.6B $1.6B $1.6B $1.9B $1.8B $1.8B $2.1B
Total liabilities $974M $981M $689M $826M $820M $875M $1.2B $1.2B $978M $963M
Shareholders' equity $740M $855M $937M $762M $773M $745M $725M $582M $857M $1.1B
Margins
Operating margin 65.7% 56.6% 20.4% 11.9% 15.4% 16.7% 32.9% 40.3% 50.6% 55.3%
EBITDA margin 73.6% 67.3% 41.9% 36.0% 37.9% 35.1% 50.0% 54.5% 58.7% 64.6%
Net margin 46.4% 33.1% 21.2% 6.6% 12.5% 13.0% 20.5% 39.0% 41.3% 48.8%
FCF margin 64.3% 58.9% 46.9% 26.6% 42.3% 30.1% 61.8% 38.1% 30.6% 63.4%
Returns
Return on capital — — — 7.1% 20.3% 22.1% 63.7% — 132.6% 113.5%
Return on capital employed 36.8% 21.7% 4.3% 2.8% 4.2% 5.5% 10.4% 17.6% 44.0% 38.1%
Return on equity 49.0% 22.1% 7.3% 2.5% 5.8% 7.3% 12.8% 32.8% 49.9% 41.5%
Return on assets 19.3% 9.8% 3.7% 1.3% 2.8% 3.4% 5.3% 11.7% 19.9% 20.9%
Growth
Revenue growth 50.8% −20.0% −42.3% 3.8% 12.6% 18.5% 7.6% 20.1% 58.0% −4.0%
Net income growth 165.5% −43.0% −63.1% −67.8% 114.1% 23.4% 69.4% 128.5% 67.5% 13.4%
EPS growth 168.5% −43.9% −62.7% −64.1% 118.2% 22.9% 73.5% 148.2% 58.4% −2.2%
FCF growth 255.0% −26.8% −54.0% −41.1% 78.6% −15.7% 121.2% −26.0% 26.8% 99.0%
Share count change −3.5% 1.7% −1.3% −10.0% −2.3% 0.6% −2.5% −7.8% 5.7% 16.0%
Financial health
Net debt / EBITDA — −2.4x −4.9x −4.2x −4.1x −3.5x −2.6x −1.3x −1.0x −1.4x
Debt / equity — 0.3x 0.3x 0.6x 0.5x 0.6x 0.8x 1.1x 0.6x 0.4x
Interest coverage 20.7x 16.9x 1.7x 0.9x 1.4x 2.8x 5.1x 4.9x 9.7x 11.5x
Current ratio 2.9x 3.7x 5.7x 3.3x 3.4x 2.8x 5.0x 1.3x 1.7x 1.8x
Quick ratio 2.9x 3.7x 5.7x 3.3x 3.4x 2.8x 5.0x 1.3x 1.7x 1.8x
Capital allocation
Capex / revenue 0.9% 0.4% 0.8% 1.4% 3.3% 0.6% 0.7% 0.8% 0.7% 1.9%
Stock comp / revenue 3.3% 3.4% 2.3% 2.4% 2.9% 6.8% 4.8% 6.5% 5.3% 5.2%
Payouts / FCF 22.4% 16.2% 110.2% 283.6% 28.6% 57.1% 41.3% 181.0% 40.9% 30.8%
Quality scores
Piotroski F-score — — 5.0 5.0 8.0 5.0 7.0 6.0 6.0 6.0
Altman Z'' — 3.4 — 6.9 7.0 6.8 7.5 5.1 7.5 8.1
Accruals ratio −7.8% −7.8% −4.7% −4.2% −7.4% −4.6% −10.9% 0.0% 4.8% −7.1%

Source: SEC EDGAR XBRL filings (CIK 0001405495). 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.

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