Return on Assets (ROA)
since 2005
Calculation
Analog Devices Inc., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Nov 1, 2025 | 4.72% | = | 100 | × | 2,267,342) | ÷ | 47,992,712) |
| Nov 2, 2024 | 3.39% | = | 100 | × | 1,635,273) | ÷ | 48,228,277) |
| Oct 28, 2023 | 6.79% | = | 100 | × | 3,314,579) | ÷ | 48,794,478) |
| Oct 29, 2022 | 5.46% | = | 100 | × | 2,748,561) | ÷ | 50,302,350) |
| Oct 30, 2021 | 2.66% | = | 100 | × | 1,390,422) | ÷ | 52,322,071) |
| Oct 31, 2020 | 5.69% | = | 100 | × | 1,220,761) | ÷ | 21,468,603) |
| Nov 2, 2019 | 6.37% | = | 100 | × | 1,363,011) | ÷ | 21,392,641) |
| Nov 3, 2018 | 7.31% | = | 100 | × | 1,495,432) | ÷ | 20,449,779) |
| Oct 28, 2017 | 3.44% | = | 100 | × | 727,259) | ÷ | 21,141,294) |
| Oct 29, 2016 | 10.81% | = | 100 | × | 861,664) | ÷ | 7,970,278) |
| Oct 31, 2015 | 9.87% | = | 100 | × | 696,878) | ÷ | 7,062,178) |
| Nov 1, 2014 | 9.17% | = | 100 | × | 629,320) | ÷ | 6,859,690) |
| Nov 2, 2013 | 10.55% | = | 100 | × | 673,487) | ÷ | 6,381,750) |
| Nov 3, 2012 | 11.59% | = | 100 | × | 651,236) | ÷ | 5,620,347) |
| Oct 29, 2011 | 16.44% | = | 100 | × | 867,394) | ÷ | 5,277,635) |
| Oct 30, 2010 | 16.45% | = | 100 | × | 712,084) | ÷ | 4,328,831) |
| Oct 31, 2009 | 7.28% | = | 100 | × | 247,772) | ÷ | 3,404,294) |
| Nov 1, 2008 | 25.44% | = | 100 | × | 786,284) | ÷ | 3,090,992) |
| Nov 3, 2007 | 16.72% | = | 100 | × | 496,907) | ÷ | 2,971,949) |
| Oct 28, 2006 | 13.78% | = | 100 | × | 549,482) | ÷ | 3,986,851) |
| Oct 29, 2005 | 9.05% | = | 100 | × | 414,787) | ÷ | 4,583,211) |
Based on: 10-K (reporting date: 2025-11-01), 10-K (reporting date: 2024-11-02), 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), 10-K (reporting date: 2017-10-28), 10-K (reporting date: 2016-10-29), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-11-01), 10-K (reporting date: 2013-11-02), 10-K (reporting date: 2012-11-03), 10-K (reporting date: 2011-10-29), 10-K (reporting date: 2010-10-30), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-11-01), 10-K (reporting date: 2007-11-03), 10-K (reporting date: 2006-10-28), 10-K (reporting date: 2005-10-29).
1 US$ in thousands
- Net Income Trends
- Net income demonstrates a fluctuating but generally increasing pattern over the observed period. Initially, there is a significant rise from approximately 415 million to over 867 million US dollars by 2011. Following a peak over 1.4 billion in 2018, net income experiences volatility but remains elevated relative to earlier years, reaching highs above 3.3 billion in 2022. Despite some declines in subsequent years, the company maintains a high level of profitability compared to the early period.
- Total Assets Trends
- Total assets display a pronounced upward trajectory overall. Early years show relatively moderate asset levels just above 4.5 billion, followed by substantial growth, especially from 2016 onwards. The most notable asset expansion occurs around 2017, with assets more than doubling to exceed 21 billion and continuing to increase, peaking at over 52 billion in 2021. A slight reduction is observed in the last few years, but asset levels remain significantly higher than at the start of the period.
- Return on Assets (ROA) Trends
- Return on assets exhibits considerable variability and a downward trend over time. The early years show robust ROA values ranging from about 9% to over 25%, with a peak in 2008. From 2012 onwards, the ROA declines to single-digit percentages, indicating diminishing efficiency in generating earnings from assets. The lowest ROA occurs around 2021, approximately 2.7%, followed by a slight recovery but still maintaining relatively low levels below 7% in recent years.
- Insights and Interpretation
- The company’s net income growth alongside its rapidly expanding asset base suggests significant investments and scaling activities. However, the declining ROA over time indicates that asset growth has outpaced profit generation capacity, leading to reduced efficiency. Periodic fluctuations in net income and ROA may reflect market conditions, operational adjustments, or capital structure changes. The combination of high asset growth and lower ROA warrants further investigation into asset utilization and profitability drivers.
Comparison to Competitors
Analog Devices Inc., ROA, long-term trends, comparison to competitors
| Analog Devices Inc. | Advanced Micro Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov 1, 2025 | 4.72% | — | — | — | — | 25.28% | 25.10% | 10.31% | 65.30% | 11.05% | — |
| Nov 2, 2024 | 3.39% | 2.37% | 20.86% | 3.56% | -9.55% | 17.90% | 20.42% | 1.12% | 45.28% | 18.39% | 13.51% |
| Oct 28, 2023 | 6.79% | 1.26% | 22.31% | 19.33% | 0.88% | 24.07% | 24.02% | -9.08% | 10.61% | 14.17% | 20.12% |
| Oct 29, 2022 | 5.46% | 1.95% | 24.41% | 15.69% | 4.40% | 26.37% | 26.78% | 13.11% | 22.07% | 26.39% | 32.16% |
| Oct 30, 2021 | 2.66% | 25.46% | 22.80% | 8.91% | 11.80% | 20.23% | 24.59% | 9.96% | 15.05% | 21.93% | 31.48% |
| Oct 31, 2020 | 5.69% | 27.78% | 16.19% | 3.90% | 13.65% | 13.11% | 15.47% | 5.01% | 16.15% | 14.60% | 28.91% |
| Nov 2, 2019 | 6.37% | 5.66% | 14.22% | 4.04% | 15.42% | 13.05% | 18.26% | 12.91% | 31.15% | 13.31% | 27.84% |
| Nov 3, 2018 | 7.31% | 7.40% | 18.64% | 24.46% | 16.45% | 14.28% | 19.08% | 32.59% | 27.11% | -14.88% | 32.56% |
| Oct 28, 2017 | 3.44% | 1.21% | 17.68% | 3.11% | 7.79% | 16.74% | 14.00% | 14.40% | 16.93% | 3.77% | 20.87% |
| Oct 29, 2016 | 10.81% | -14.97% | 11.80% | -3.48% | 9.10% | 14.20% | 7.45% | -1.00% | 8.33% | 10.90% | 21.88% |
| Oct 31, 2015 | 9.87% | -21.23% | 9.00% | 12.88% | 11.08% | 7.59% | 7.00% | 12.01% | 8.76% | 10.38% | 18.40% |
| Nov 1, 2014 | 9.17% | -10.70% | 8.14% | 2.51% | 12.73% | 10.52% | 7.91% | 13.53% | 6.07% | 16.40% | 15.92% |
| Nov 2, 2013 | 10.55% | -1.91% | 2.13% | 16.16% | 10.42% | 10.27% | 1.57% | 6.22% | 8.77% | 15.06% | 11.42% |
| Nov 3, 2012 | 11.59% | -29.58% | 0.90% | 19.67% | 13.05% | 14.82% | 2.11% | -7.20% | 10.46% | 14.20% | 8.79% |
| Oct 29, 2011 | 16.44% | 9.91% | 13.90% | 22.57% | 18.20% | 16.99% | 17.84% | 1.13% | 5.63% | 11.70% | 10.91% |
| Oct 30, 2010 | 16.45% | 9.49% | 8.57% | 19.24% | 18.14% | 5.43% | 13.94% | 12.59% | -1.90% | 10.62% | 24.09% |
| Oct 31, 2009 | 7.28% | 3.35% | -3.19% | -2.23% | 8.23% | -14.50% | -15.48% | -16.02% | -0.90% | 5.80% | 12.13% |
| Nov 1, 2008 | 25.44% | -40.36% | 8.73% | — | 10.43% | 7.41% | 15.65% | -12.06% | 21.28% | 12.86% | 16.10% |
| Nov 3, 2007 | 16.72% | -29.26% | 16.05% | — | 12.54% | 11.42% | 32.63% | -2.16% | 16.78% | 17.86% | 20.98% |
| Oct 28, 2006 | 13.78% | -1.26% | 16.00% | — | 10.43% | 8.31% | 14.51% | 3.34% | 15.80% | 16.24% | 31.16% |
| Oct 29, 2005 | 9.05% | 2.27% | 10.74% | — | 17.93% | 11.71% | 20.66% | 2.35% | 6.16% | 17.17% | 15.43% |
Based on: 10-K (reporting date: 2025-11-01), 10-K (reporting date: 2024-11-02), 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), 10-K (reporting date: 2017-10-28), 10-K (reporting date: 2016-10-29), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-11-01), 10-K (reporting date: 2013-11-02), 10-K (reporting date: 2012-11-03), 10-K (reporting date: 2011-10-29), 10-K (reporting date: 2010-10-30), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-11-01), 10-K (reporting date: 2007-11-03), 10-K (reporting date: 2006-10-28), 10-K (reporting date: 2005-10-29).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
Analog Devices Inc., ROA, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| Analog Devices Inc. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Nov 1, 2025 | 4.72% | — |
| Nov 2, 2024 | 3.39% | 6.42% |
| Oct 28, 2023 | 6.79% | 7.41% |
| Oct 29, 2022 | 5.46% | 12.68% |
| Oct 30, 2021 | 2.66% | 13.62% |
| Oct 31, 2020 | 5.69% | 11.80% |
| Nov 2, 2019 | 6.37% | 13.37% |
| Nov 3, 2018 | 7.31% | 17.34% |
| Oct 28, 2017 | 3.44% | 8.44% |
| Oct 29, 2016 | 10.81% | 7.07% |
| Oct 31, 2015 | 9.87% | 10.73% |
| Nov 1, 2014 | 9.17% | 12.19% |
| Nov 2, 2013 | 10.55% | 10.15% |
| Nov 3, 2012 | 11.59% | 9.51% |
| Oct 29, 2011 | 16.44% | 13.81% |
| Oct 30, 2010 | 16.45% | 14.79% |
| Oct 31, 2009 | 7.28% | 3.61% |
| Nov 1, 2008 | 25.44% | 6.72% |
| Nov 3, 2007 | 16.72% | 9.62% |
| Oct 28, 2006 | 13.78% | 12.13% |
| Oct 29, 2005 | 9.05% | 14.01% |
Based on: 10-K (reporting date: 2025-11-01), 10-K (reporting date: 2024-11-02), 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), 10-K (reporting date: 2017-10-28), 10-K (reporting date: 2016-10-29), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-11-01), 10-K (reporting date: 2013-11-02), 10-K (reporting date: 2012-11-03), 10-K (reporting date: 2011-10-29), 10-K (reporting date: 2010-10-30), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-11-01), 10-K (reporting date: 2007-11-03), 10-K (reporting date: 2006-10-28), 10-K (reporting date: 2005-10-29).
Comparison to Industry (Information Technology)
Analog Devices Inc., ROA, long-term trends, comparison to industry (information technology)
| Analog Devices Inc. | Information Technology | |
|---|---|---|
| Nov 1, 2025 | 4.72% | — |
| Nov 2, 2024 | 3.39% | 11.95% |
| Oct 28, 2023 | 6.79% | 12.47% |
| Oct 29, 2022 | 5.46% | 14.49% |
| Oct 30, 2021 | 2.66% | 14.60% |
| Oct 31, 2020 | 5.69% | 11.43% |
| Nov 2, 2019 | 6.37% | 11.77% |
| Nov 3, 2018 | 7.31% | 10.94% |
| Oct 28, 2017 | 3.44% | 9.05% |
| Oct 29, 2016 | 10.81% | 9.79% |
| Oct 31, 2015 | 9.87% | 11.53% |
| Nov 1, 2014 | 9.17% | 12.37% |
| Nov 2, 2013 | 10.55% | 13.26% |
| Nov 3, 2012 | 11.59% | 14.08% |
| Oct 29, 2011 | 16.44% | 15.12% |
| Oct 30, 2010 | 16.45% | 14.52% |
| Oct 31, 2009 | 7.28% | 10.09% |
| Nov 1, 2008 | 25.44% | 12.00% |
| Nov 3, 2007 | 16.72% | 12.05% |
| Oct 28, 2006 | 13.78% | 12.22% |
| Oct 29, 2005 | 9.05% | 12.77% |
Based on: 10-K (reporting date: 2025-11-01), 10-K (reporting date: 2024-11-02), 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), 10-K (reporting date: 2017-10-28), 10-K (reporting date: 2016-10-29), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-11-01), 10-K (reporting date: 2013-11-02), 10-K (reporting date: 2012-11-03), 10-K (reporting date: 2011-10-29), 10-K (reporting date: 2010-10-30), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-11-01), 10-K (reporting date: 2007-11-03), 10-K (reporting date: 2006-10-28), 10-K (reporting date: 2005-10-29).