Analog Devices vs NXP Semiconductors
Add, change or remove companies; up to four.
The short version
- NXP Semiconductors is the larger business, with $12.3B of revenue in fiscal 2025 against $11.0B for Analog Devices.
- Analog Devices grew revenue faster (16.9%, against −2.7%).
- Analog Devices kept more of each dollar of sales as operating profit (26.6% operating margin, against 24.8%).
- Analog Devices turned more of its sales into free cash flow (38.8% FCF margin, against 19.8%).
- NXP Semiconductors earned a higher return on the capital invested in it (12.6%, against 6.2%).
- Investors pay more for each dollar of Analog Devices’s earnings: a P/E of 46.4x against 22.5x for NXP Semiconductors.
| Latest fiscal year | ADI · FY25 | NXPI · FY25 |
|---|---|---|
| Size | ||
| Market cap | $191.2B | $59.6B |
| Revenue | $11.0B | $12.3B |
| Free cash flow | $4.3B | $2.4B |
| Net income | $2.3B | $2.0B |
| Growth | ||
| Revenue growth | 16.9% | −2.7% |
| 5-year growth | 14.5% | 7.3% |
| Share count change | −0.4% | −1.4% |
| Profitability | ||
| Gross margin | 61.5% | 54.7% |
| Operating margin | 26.6% | 24.8% |
| Net margin | 20.6% | 16.5% |
| FCF margin | 38.8% | 19.8% |
| Return on capital | 6.2% | 12.6% |
| Return on equity | 6.6% | 21.0% |
| Balance sheet | ||
| Net debt | $4.9B | $9.8B |
| Net debt / EBITDA | 1.0x | 2.5x |
| Dividends and buybacks | $4.1B | $1.9B |
| Valuation & quality | ||
| P/E | 46.4x | 22.5x |
| Piotroski F-score | 8 | 4 |
Revenue
FY16
ADI $3.4B
NXPI $9.5B
FY17
ADI $5.1B
NXPI $9.3B
FY18
ADI $6.2B
NXPI $9.4B
FY19
ADI $6.0B
NXPI $8.9B
FY20
ADI $5.6B
NXPI $8.6B
FY21
ADI $7.3B
NXPI $11.1B
FY22
ADI $12.0B
NXPI $13.2B
FY23
ADI $12.3B
NXPI $13.3B
FY24
ADI $9.4B
NXPI $12.6B
FY25
ADI $11.0B
NXPI $12.3B
ADI
NXPI
Operating margin
FY16
ADI 30.1%
NXPI −1.6%
FY17
ADI 22.8%
NXPI 22.7%
FY18
ADI 30.6%
NXPI 28.8%
FY19
ADI 28.6%
NXPI 7.2%
FY20
ADI 26.7%
NXPI 4.9%
FY21
ADI 23.1%
NXPI 23.4%
FY22
ADI 27.3%
NXPI 28.8%
FY23
ADI 31.1%
NXPI 27.6%
FY24
ADI 21.6%
NXPI 27.1%
FY25
ADI 26.6%
NXPI 24.8%
ADI
NXPI
Free cash flow
FY16
ADI $1.2B
NXPI $1.9B
FY17
ADI $950M
NXPI $1.9B
FY18
ADI $2.2B
NXPI $3.8B
FY19
ADI $2.0B
NXPI $1.8B
FY20
ADI $1.8B
NXPI $2.1B
FY21
ADI $2.4B
NXPI $2.3B
FY22
ADI $3.8B
NXPI $2.8B
FY23
ADI $3.6B
NXPI $2.7B
FY24
ADI $3.1B
NXPI $2.1B
FY25
ADI $4.3B
NXPI $2.4B
ADI
NXPI
Return on capital
FY16
ADI 32.2%
NXPI −0.6%
FY17
ADI 10.1%
NXPI 12.0%
FY18
ADI 10.3%
NXPI 15.7%
FY19
ADI 9.4%
NXPI 3.8%
FY20
ADI 8.5%
NXPI 2.7%
FY21
ADI 5.8%
NXPI 15.5%
FY22
ADI 6.9%
NXPI 21.5%
FY23
ADI 8.5%
NXPI 19.6%
FY24
ADI 4.5%
NXPI 16.1%
FY25
ADI 6.2%
NXPI 12.6%
ADI
NXPI
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.