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DC Infra·STM

STMicroelectronics N.V.

NYSE · NL

Integrated semiconductor supplier with power management, discrete, silicon carbide, and industrial power products.

AI relevance

Power semiconductor and SiC exposure for data center power conversion and infrastructure electronics. Also has robotics sensing and control exposure through IMUs, microcontrollers, motor drivers, and power semiconductors.

DC Infra Robotics Other Sensing

Price

$78.39

Change

+5.03 (+6.86%)

Market cap

$69.7B

52w range

$21–$81

Exchange

NYSE

Country

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Price chart

STM market performance

Daily close for STMicroelectronics N.V.

Latest close: $78.39
Range move: +$49.37 (+170.1%)
Range high: $79.71
Range low: $21.20
Latest volume: 17.5M
Source: FMP EOD

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Exports

Download statements, ratios, chart data, and transcript indexes.

CSV

Income statement

12 annual rows

Revenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.

Annual

Balance sheet

12 annual rows

Cash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.

Annual

Cash flow

12 annual rows

Operating cash flow, capital expenditures, and free cash flow.

Annual

Key metrics

12 annual rows

Enterprise value, valuation multiples, returns, yields, and cash conversion.

Annual

Ratios

12 annual rows

Margins, liquidity ratios, valuation ratios, leverage, and per-share metrics.

Annual

Chart data

1255 rows

Five years of daily close and volume data powering the company chart.

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Transcript list

7 rows

Available earnings-call transcript dates by fiscal year and quarter.

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StreetBuy

Analyst expectations

Consensus target

$74.83

-4.5%

Target range

$34.00 - $100.00

Rating mix

Buy

29 ratings

Next FY revenue

$14.26B

2026-12-31

Next FY EPS

$1.29

$1.10 - $1.73

Rating consensus29 ratings

Strong buy

Buy

Hold

Sell

Strong sell

Annual estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-12-31	$14.26B	$13.75B - $14.68B	$1.29	$1.10 - $1.73	$4.17B	$2.64B	$1.19B	$1.57B	11 rev / 6 EPS
2027-12-31	$16.62B	$15.77B - $17.78B	$2.58	$1.82 - $3.35	$4.86B	$3.08B	$2.38B	$1.83B	11 rev / 6 EPS
2028-12-31	$18.61B	$17.34B - $19.68B	$3.71	$3.38 - $3.99	$5.45B	$3.45B	$3.43B	$2.05B	4 rev / 3 EPS
2029-12-31	$16.72B	$15.57B - $17.67B	$2.28	$2.08 - $2.45	$4.89B	$3.10B	$2.10B	$1.84B	5 rev / 4 EPS
2030-12-31	$17.98B	$16.74B - $19.00B	$2.51	$2.29 - $2.70	$5.26B	$3.33B	$2.32B	$1.98B	5 rev / 2 EPS

Quarterly estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-06-30	$3.41B	$3.33B - $3.50B	$0.25	$0.23 - $0.28	$997.1M	$631.2M	$230.9M	$375.4M	5 rev / 3 EPS
2026-09-30	$3.70B	$3.64B - $3.76B	$0.40	$0.38 - $0.41	$1.08B	$686.0M	$366.5M	$408.0M	5 rev / 3 EPS
2026-12-31	$3.87B	$3.78B - $3.98B	$0.49	$0.47 - $0.51	$1.13B	$717.1M	$451.9M	$426.5M	2 rev / 1 EPS
2027-03-31	$3.69B	$3.60B - $3.79B	$0.41	$0.40 - $0.42	$1.08B	$682.8M	$377.1M	$406.1M	2 rev / 1 EPS
2027-06-30	$3.96B	$3.87B - $4.07B	$0.53	$0.51 - $0.54	$1.16B	$734.0M	$485.7M	$436.6M	2 rev / 1 EPS
2027-09-30	$4.39B	$4.29B - $4.51B	$0.73	$0.71 - $0.76	$1.28B	$812.7M	$678.8M	$483.4M	2 rev / 1 EPS
2027-12-31	$4.55B	$4.44B - $4.67B	$0.83	$0.81 - $0.86	$1.33B	$841.7M	$768.6M	$500.6M	2 rev / 1 EPS
2028-03-31	$4.10B	$4.01B - $4.21B	$0.84	$0.82 - $0.87	$1.20B	$759.7M	$780.4M	$451.9M	1 rev / 1 EPS

Price target history

Window	Targets	Average target
Last month	3	$89.00
Last quarter	7	$75.86
Last year	14	$53.75
All time	21	$50.20

Sources: TheFly, StreetInsider, Benzinga

Latest grade actions

Date	Firm	Action	Previous	New
2026-06-03	Mizuho	Maintain	Outperform	Outperform
2026-06-02	B of A Securities	Maintain	Neutral	Neutral
2026-05-19	Mizuho	Maintain	Outperform	Outperform
2026-04-24	TD Cowen	Maintain	Buy	Buy
2026-04-17	Mizuho	Upgrade	Neutral	Outperform
2026-02-23	Susquehanna	Maintain	Positive	Positive
2025-10-24	TD Cowen	Maintain	Buy	Buy
2025-10-22	Susquehanna	Maintain	Positive	Positive

Historical rating snapshots

Date	Strong buy	Buy	Hold	Strong sell
2026-06-01	1	7	8	1
2026-05-01	1	6	8	1
2026-04-01	1	6	10	0
2026-03-01	1	5	10	0
2026-02-01	1	5	9	0
2026-01-01	1	5	9	0
2025-12-01	2	5	9	0
2025-11-01	2	4	8	0

FinancialsFY 2025

Financials

Revenue

$11.84B

Gross margin

33.9%

Operating income

$324.0M

Free cash flow

-$52.0M

Cash + ST investments

$4.92B

Net debt

-$704.0M

ROE

0.9%

ROIC

0.7%

EV / sales

1.9x

EV / EBITDA

9.7x

R&D / revenue

17.3%

Current ratio

3.4x

Income statement annual

Period	Revenue	Gross profit	Gross margin	R&D	Operating income	EBITDA	Net income	EPS
FY 2025	$11.84B	$4.01B	33.9%	$2.05B	$324.0M	$2.26B	$166.5M	$0.19
FY 2024	$13.27B	$5.22B	39.3%	$2.08B	$1.68B	$3.72B	$1.56B	$1.73
FY 2023	$17.29B	$8.29B	47.9%	$2.10B	$4.61B	$6.38B	$4.21B	$4.66
FY 2022	$16.13B	$7.63B	47.3%	$1.90B	$4.44B	$5.71B	$3.96B	$4.77
FY 2021	$12.76B	$5.33B	41.7%	$1.72B	$2.42B	$3.42B	$2.00B	$2.21
FY 2020	$10.22B	$3.79B	37.1%	$1.55B	$1.32B	$2.24B	$1.11B	$1.24
FY 2019	$9.56B	$3.70B	38.7%	$1.62B	$1.20B	$2.04B	$1.03B	$1.15
FY 2018	$9.66B	$3.57B	36.9%	$1.13B	$1.35B	$2.20B	$1.63B	$1.81
FY 2017	$8.35B	$3.03B	36.3%	$1.05B	$1.08B	$1.66B	$218.0M	$0.91
FY 2016	$6.97B	$2.24B	32.2%	$1.13B	$271.0M	$1.00B	$121.0M	$0.19
FY 2015	$6.90B	$1.99B	28.9%	$1.11B	$109.0M	$887.0M	$175.0M	$0.12
FY 2014	$7.40B	$2.08B	28.1%	$1.16B	$148.0M	$1.07B	$141.0M	$0.14

Cash flow annual

Period	Operating cash flow	Capex	Free cash flow
FY 2025	$2.15B	$2.11B	-$52.0M
FY 2024	$2.96B	$3.09B	-$216.0M
FY 2023	$5.99B	$4.44B	$1.46B
FY 2022	$5.20B	$3.55B	$1.57B
FY 2021	$3.06B	$1.84B	$1.12B
FY 2020	$2.09B	$1.28B	$735.0M
FY 2019	$1.87B	$1.22B	$646.0M
FY 2018	$1.84B	$1.26B	$582.0M
FY 2017	$1.68B	$1.30B	$376.0M
FY 2016	$1.04B	$611.0M	$432.0M
FY 2015	$846.0M	$529.0M	$317.0M
FY 2014	$715.0M	$505.0M	$210.0M

Balance sheet annual

Period	Cash + ST inv.	Receivables	Inventory	PP&E	Assets	Debt	Net debt	Liabilities	Equity
FY 2025	$4.92B	$1.75B	$3.14B	$11.06B	$24.80B	$2.13B	-$704.0M	$6.58B	$17.83B
FY 2024	$6.18B	$2.44B	$2.79B	$10.88B	$24.74B	$3.17B	$885.0M	$7.06B	$17.45B
FY 2023	$6.08B	$2.66B	$2.70B	$10.55B	$24.45B	$3.17B	-$49.0M	$7.60B	$16.73B
FY 2022	$4.52B	$1.97B	$2.58B	$8.20B	$19.98B	$2.91B	-$348.0M	$7.22B	$12.69B
FY 2021	$3.52B	$1.76B	$1.98B	$5.66B	$15.54B	$2.74B	-$483.0M	$6.27B	$9.21B
FY 2020	$3.72B	$1.47B	$1.84B	$4.60B	$14.45B	$2.82B	-$189.0M	$5.95B	$8.45B
FY 2019	$2.73B	$1.38B	$1.69B	$4.01B	$11.87B	$2.28B	-$318.0M	$4.76B	$7.04B
FY 2018	$2.60B	$1.28B	$1.57B	$3.50B	$10.87B	$1.91B	-$356.0M	$4.44B	$6.36B
FY 2017	$2.19B	$1.15B	$1.33B	$3.09B	$9.68B	$1.70B	-$58.0M	$4.21B	$5.40B
FY 2016	$1.96B	$939.0M	$1.17B	$2.29B	$8.00B	$1.45B	-$178.0M	$3.41B	$4.54B
FY 2015	$2.11B	$820.0M	$1.25B	$2.32B	$8.20B	$1.61B	-$159.0M	$3.50B	$4.63B
FY 2014	$2.35B	$911.0M	$1.27B	$2.65B	$9.00B	$1.80B	-$216.0M	$3.95B	$4.99B

Annual ratios and key metrics

Period	Gross margin	Op margin	Net margin	Current	Quick	ROE	ROIC	EV / sales	EV / EBITDA	FCF yield	R&D / rev.	Cash cycle
FY 2025	33.9%	2.7%	1.4%	3.4x	2.4x	0.9%	0.7%	1.9x	9.7x	-0.2%	17.3%	131d
FY 2024	39.3%	12.6%	11.7%	3.1x	2.4x	8.9%	6.3%	1.8x	6.3x	-1.0%	15.7%	134d
FY 2023	47.9%	26.7%	24.4%	3.2x	2.4x	25.2%	19.5%	2.6x	7.1x	3.2%	12.1%	90d
FY 2022	47.3%	27.5%	24.6%	2.6x	1.9x	31.2%	24.0%	2.0x	5.6x	4.9%	11.8%	64d
FY 2021	41.7%	19.0%	15.7%	2.7x	2.0x	21.7%	16.2%	3.4x	12.8x	2.5%	13.5%	70d
FY 2020	37.1%	12.9%	10.8%	2.5x	1.9x	13.1%	9.4%	3.2x	14.7x	2.2%	15.1%	91d
FY 2019	38.7%	12.6%	10.8%	3.0x	2.2x	14.7%	10.4%	2.5x	11.6x	2.7%	17.0%	99d
FY 2018	36.9%	14.0%	16.9%	2.8x	2.0x	25.6%	14.1%	1.3x	5.5x	4.7%	11.7%	83d
FY 2017	36.3%	12.9%	2.6%	2.5x	1.9x	4.0%	9.1%	2.4x	11.9x	1.9%	12.6%	81d
FY 2016	32.2%	3.9%	1.7%	2.8x	2.0x	2.7%	3.4%	1.4x	9.8x	4.3%	16.1%	92d
FY 2015	28.9%	1.6%	2.5%	3.0x	2.2x	3.8%	1.6%	0.8x	6.4x	5.4%	16.1%	97d
FY 2014	28.1%	2.0%	1.9%	2.9x	2.1x	2.8%	2.0%	0.9x	6.0x	3.2%	15.6%	91d

Annual growth

Period	Revenue	Gross profit	R&D	Op income	Net income	EPS	FCF	Capex	Cash + ST inv.	Inventory	Assets	Debt
FY 2025	-10.8%	-23.2%	-1.3%	-80.7%	-89.3%	-89.0%	+75.9%	+30.7%	-20.4%	+12.2%	+0.2%	-32.6%
FY 2024	-23.2%	-37.0%	-1.1%	-63.7%	-63.0%	-62.9%	-114.8%	+29.9%	+1.7%	+3.6%	+1.2%	-0.2%
FY 2023	+7.2%	+8.5%	+10.5%	+3.9%	+6.3%	-2.3%	-7.0%	-24.8%	+34.6%	+4.5%	+22.4%	+9.0%
FY 2022	+26.4%	+43.4%	+10.3%	+83.5%	+98.0%	+115.8%	+39.4%	-87.7%	+28.5%	+30.6%	+28.6%	+6.1%
FY 2021	+24.9%	+40.6%	+11.3%	+82.8%	+80.8%	+78.2%	+52.8%	-42.6%	-5.5%	+7.4%	+7.5%	-2.7%
FY 2020	+6.9%	+2.5%	-4.7%	+10.0%	+7.2%	+7.8%	+13.8%	-11.1%	+36.1%	+8.9%	+21.8%	+23.6%
FY 2019	-1.1%	+3.6%	+44.1%	-11.2%	-36.6%	-36.5%	+11.0%	+3.2%	+5.3%	+7.9%	+9.2%	+19.3%
FY 2018	+15.8%	+17.6%	+6.9%	+25.6%	+647.2%	+98.9%	+54.8%	+2.9%	+18.5%	+17.4%	+12.3%	+12.3%
FY 2017	+19.7%	+35.3%	-6.3%	+298.2%	+80.2%	+378.9%	-13.0%	-112.9%	+11.5%	+13.8%	+21.0%	+17.2%
FY 2016	+1.1%	+12.7%	+1.3%	+148.6%	-30.9%	+58.3%	+36.3%	-15.5%	-6.7%	-6.2%	-2.3%	-10.0%
FY 2015	-6.8%	-4.5%	-3.8%	-26.4%	+24.1%	-14.3%	+51.0%	-4.8%	-10.4%	-1.4%	-9.0%	-10.5%
FY 2014	-8.4%	-20.3%	-36.4%	+131.8%	+128.2%	+125.0%	+218.6%	+7.0%	+24.1%	-5.0%	-1.8%	+56.2%

SegmentsFY 2025

Revenue Mix

Period	Total	Product	Product Segments	Automotive And Discrete Group	Microcontrollers And Digital Ics Group	Analog and MEMS Group	Service	Other Segments	Product and Service, Other	Product And Service Other	Other Revenues
FY 2025	$11.99B	$11.75B	--	--	--	--	$193.0M	--	$46.0M	--	--
FY 2024	$13.46B	$13.22B	--	--	--	--	$196.0M	--	$52.0M	--	--
FY 2023	$17.43B	$17.24B	--	--	--	--	$145.0M	--	$47.0M	--	--
FY 2022	$16.26B	$16.08B	--	--	--	--	$130.0M	--	--	$45.0M	--
FY 2021	$32.0M	--	--	--	--	--	--	--	--	$32.0M	--
FY 2020	$38.0M	--	--	--	--	--	--	--	--	$38.0M	--
FY 2019	$27.0M	--	--	--	--	--	--	--	--	$27.0M	--
FY 2018	$9.81B	$9.61B	--	--	--	--	$151.0M	--	--	--	$52.0M
FY 2017	$29.0M	--	--	--	--	--	--	$29.0M	--	--	--
FY 2016	$6.97B	--	--	$2.81B	$2.29B	$1.58B	--	$291.0M	--	--	--
FY 2015	$6.90B	--	$6.87B	--	--	--	--	$23.0M	--	--	--
FY 2014	$7.40B	--	$7.38B	--	--	--	--	$22.0M	--	--	--

Period	Total	SINGAPORE	Asia Pacific	SWITZERLAND	UNITED STATES	NETHERLANDS	E M E A	Americas	JAPAN	EMEA	FRANCE	ITALY	Other Foreign Country
FY 2025	$11.80B	$6.56B	--	$2.95B	$1.52B	--	--	--	$612.0M	--	$112.0M	$35.0M	$10.0M
FY 2024	$13.27B	$6.81B	--	$3.94B	$1.67B	--	--	--	$657.0M	--	$147.0M	$34.0M	$11.0M
FY 2023	$17.29B	$8.14B	--	$5.75B	$2.28B	--	--	--	$890.0M	--	$158.0M	$54.0M	$12.0M
FY 2022	$16.13B	$8.60B	--	$4.57B	$1.98B	--	--	--	$758.0M	--	$153.0M	$47.0M	$16.0M
FY 2021	$12.76B	--	$8.68B	--	--	--	$2.56B	$1.52B	--	--	--	--	--
FY 2020	$10.22B	--	$7.09B	--	--	--	$1.97B	$1.17B	--	--	--	--	--
FY 2019	$9.56B	--	$5.94B	--	--	--	$2.27B	$1.35B	--	--	--	--	--
FY 2018	$19.33B	$4.87B	$5.92B	--	$1.13B	$2.92B	--	$1.26B	$534.0M	$2.48B	$127.0M	$64.0M	$17.0M
FY 2017	$8.35B	$4.44B	--	--	$1.01B	$2.22B	--	--	$463.0M	--	$123.0M	$60.0M	$22.0M
FY 2016	$6.97B	$3.70B	--	--	$990.0M	$1.75B	--	--	$323.0M	--	$134.0M	$58.0M	$18.0M
FY 2015	$6.90B	$3.61B	--	--	$1.04B	$1.67B	--	--	$332.0M	--	$169.0M	$58.0M	$26.0M
FY 2014	$7.40B	$3.83B	--	--	$1.00B	$1.91B	--	--	$368.0M	--	$200.0M	$61.0M	$36.0M

Transcripts

Events

Next earnings

2026-07-23EPS est $0.24

Recent filings

6-K2026-06-16
6-K2026-06-16
11-K2026-06-04

Latest news

Can STMicroelectronics Turn Stronger Bookings Into Gross Margin Gains?
Zacks Investment Research · 2026-06-17
STMicroelectronics prices a US$1.5 billion dual-tranche offering of New Convertible Bonds
GlobeNewsWire · 2026-06-16

Analyst expectations

Consensus target

$74.83

-4.5%

Target range

$34.00 - $100.00

Rating mix

Buy

29 ratings

Next FY revenue

$14.26B

2026-12-31

Next FY EPS

$1.29

$1.10 - $1.73

Rating consensus29 ratings

Strong buy

Buy

Hold

Sell

Strong sell

Annual estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-12-31	$14.26B	$13.75B - $14.68B	$1.29	$1.10 - $1.73	$4.17B	$2.64B	$1.19B	$1.57B	11 rev / 6 EPS
2027-12-31	$16.62B	$15.77B - $17.78B	$2.58	$1.82 - $3.35	$4.86B	$3.08B	$2.38B	$1.83B	11 rev / 6 EPS
2028-12-31	$18.61B	$17.34B - $19.68B	$3.71	$3.38 - $3.99	$5.45B	$3.45B	$3.43B	$2.05B	4 rev / 3 EPS
2029-12-31	$16.72B	$15.57B - $17.67B	$2.28	$2.08 - $2.45	$4.89B	$3.10B	$2.10B	$1.84B	5 rev / 4 EPS
2030-12-31	$17.98B	$16.74B - $19.00B	$2.51	$2.29 - $2.70	$5.26B	$3.33B	$2.32B	$1.98B	5 rev / 2 EPS

Quarterly estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-06-30	$3.41B	$3.33B - $3.50B	$0.25	$0.23 - $0.28	$997.1M	$631.2M	$230.9M	$375.4M	5 rev / 3 EPS
2026-09-30	$3.70B	$3.64B - $3.76B	$0.40	$0.38 - $0.41	$1.08B	$686.0M	$366.5M	$408.0M	5 rev / 3 EPS
2026-12-31	$3.87B	$3.78B - $3.98B	$0.49	$0.47 - $0.51	$1.13B	$717.1M	$451.9M	$426.5M	2 rev / 1 EPS
2027-03-31	$3.69B	$3.60B - $3.79B	$0.41	$0.40 - $0.42	$1.08B	$682.8M	$377.1M	$406.1M	2 rev / 1 EPS
2027-06-30	$3.96B	$3.87B - $4.07B	$0.53	$0.51 - $0.54	$1.16B	$734.0M	$485.7M	$436.6M	2 rev / 1 EPS
2027-09-30	$4.39B	$4.29B - $4.51B	$0.73	$0.71 - $0.76	$1.28B	$812.7M	$678.8M	$483.4M	2 rev / 1 EPS
2027-12-31	$4.55B	$4.44B - $4.67B	$0.83	$0.81 - $0.86	$1.33B	$841.7M	$768.6M	$500.6M	2 rev / 1 EPS
2028-03-31	$4.10B	$4.01B - $4.21B	$0.84	$0.82 - $0.87	$1.20B	$759.7M	$780.4M	$451.9M	1 rev / 1 EPS

Price target history

Window	Targets	Average target
Last month	3	$89.00
Last quarter	7	$75.86
Last year	14	$53.75
All time	21	$50.20

Sources: TheFly, StreetInsider, Benzinga

Latest grade actions

Date	Firm	Action	Previous	New
2026-06-03	Mizuho	Maintain	Outperform	Outperform
2026-06-02	B of A Securities	Maintain	Neutral	Neutral
2026-05-19	Mizuho	Maintain	Outperform	Outperform
2026-04-24	TD Cowen	Maintain	Buy	Buy
2026-04-17	Mizuho	Upgrade	Neutral	Outperform
2026-02-23	Susquehanna	Maintain	Positive	Positive
2025-10-24	TD Cowen	Maintain	Buy	Buy
2025-10-22	Susquehanna	Maintain	Positive	Positive

Historical rating snapshots

Date	Strong buy	Buy	Hold	Strong sell
2026-06-01	1	7	8	1
2026-05-01	1	6	8	1
2026-04-01	1	6	10	0
2026-03-01	1	5	10	0
2026-02-01	1	5	9	0
2026-01-01	1	5	9	0
2025-12-01	2	5	9	0
2025-11-01	2	4	8	0

Financials

Revenue

$11.84B

Gross margin

33.9%

Operating income

$324.0M

Free cash flow

-$52.0M

Cash + ST investments

$4.92B

Net debt

-$704.0M

ROE

0.9%

ROIC

0.7%

EV / sales

1.9x

EV / EBITDA

9.7x

R&D / revenue

17.3%

Current ratio

3.4x

Income statement annual

Period	Revenue	Gross profit	Gross margin	R&D	Operating income	EBITDA	Net income	EPS
FY 2025	$11.84B	$4.01B	33.9%	$2.05B	$324.0M	$2.26B	$166.5M	$0.19
FY 2024	$13.27B	$5.22B	39.3%	$2.08B	$1.68B	$3.72B	$1.56B	$1.73
FY 2023	$17.29B	$8.29B	47.9%	$2.10B	$4.61B	$6.38B	$4.21B	$4.66
FY 2022	$16.13B	$7.63B	47.3%	$1.90B	$4.44B	$5.71B	$3.96B	$4.77
FY 2021	$12.76B	$5.33B	41.7%	$1.72B	$2.42B	$3.42B	$2.00B	$2.21
FY 2020	$10.22B	$3.79B	37.1%	$1.55B	$1.32B	$2.24B	$1.11B	$1.24
FY 2019	$9.56B	$3.70B	38.7%	$1.62B	$1.20B	$2.04B	$1.03B	$1.15
FY 2018	$9.66B	$3.57B	36.9%	$1.13B	$1.35B	$2.20B	$1.63B	$1.81
FY 2017	$8.35B	$3.03B	36.3%	$1.05B	$1.08B	$1.66B	$218.0M	$0.91
FY 2016	$6.97B	$2.24B	32.2%	$1.13B	$271.0M	$1.00B	$121.0M	$0.19
FY 2015	$6.90B	$1.99B	28.9%	$1.11B	$109.0M	$887.0M	$175.0M	$0.12
FY 2014	$7.40B	$2.08B	28.1%	$1.16B	$148.0M	$1.07B	$141.0M	$0.14

Cash flow annual

Period	Operating cash flow	Capex	Free cash flow
FY 2025	$2.15B	$2.11B	-$52.0M
FY 2024	$2.96B	$3.09B	-$216.0M
FY 2023	$5.99B	$4.44B	$1.46B
FY 2022	$5.20B	$3.55B	$1.57B
FY 2021	$3.06B	$1.84B	$1.12B
FY 2020	$2.09B	$1.28B	$735.0M
FY 2019	$1.87B	$1.22B	$646.0M
FY 2018	$1.84B	$1.26B	$582.0M
FY 2017	$1.68B	$1.30B	$376.0M
FY 2016	$1.04B	$611.0M	$432.0M
FY 2015	$846.0M	$529.0M	$317.0M
FY 2014	$715.0M	$505.0M	$210.0M

Balance sheet annual

Period	Cash + ST inv.	Receivables	Inventory	PP&E	Assets	Debt	Net debt	Liabilities	Equity
FY 2025	$4.92B	$1.75B	$3.14B	$11.06B	$24.80B	$2.13B	-$704.0M	$6.58B	$17.83B
FY 2024	$6.18B	$2.44B	$2.79B	$10.88B	$24.74B	$3.17B	$885.0M	$7.06B	$17.45B
FY 2023	$6.08B	$2.66B	$2.70B	$10.55B	$24.45B	$3.17B	-$49.0M	$7.60B	$16.73B
FY 2022	$4.52B	$1.97B	$2.58B	$8.20B	$19.98B	$2.91B	-$348.0M	$7.22B	$12.69B
FY 2021	$3.52B	$1.76B	$1.98B	$5.66B	$15.54B	$2.74B	-$483.0M	$6.27B	$9.21B
FY 2020	$3.72B	$1.47B	$1.84B	$4.60B	$14.45B	$2.82B	-$189.0M	$5.95B	$8.45B
FY 2019	$2.73B	$1.38B	$1.69B	$4.01B	$11.87B	$2.28B	-$318.0M	$4.76B	$7.04B
FY 2018	$2.60B	$1.28B	$1.57B	$3.50B	$10.87B	$1.91B	-$356.0M	$4.44B	$6.36B
FY 2017	$2.19B	$1.15B	$1.33B	$3.09B	$9.68B	$1.70B	-$58.0M	$4.21B	$5.40B
FY 2016	$1.96B	$939.0M	$1.17B	$2.29B	$8.00B	$1.45B	-$178.0M	$3.41B	$4.54B
FY 2015	$2.11B	$820.0M	$1.25B	$2.32B	$8.20B	$1.61B	-$159.0M	$3.50B	$4.63B
FY 2014	$2.35B	$911.0M	$1.27B	$2.65B	$9.00B	$1.80B	-$216.0M	$3.95B	$4.99B

Annual ratios and key metrics

Period	Gross margin	Op margin	Net margin	Current	Quick	ROE	ROIC	EV / sales	EV / EBITDA	FCF yield	R&D / rev.	Cash cycle
FY 2025	33.9%	2.7%	1.4%	3.4x	2.4x	0.9%	0.7%	1.9x	9.7x	-0.2%	17.3%	131d
FY 2024	39.3%	12.6%	11.7%	3.1x	2.4x	8.9%	6.3%	1.8x	6.3x	-1.0%	15.7%	134d
FY 2023	47.9%	26.7%	24.4%	3.2x	2.4x	25.2%	19.5%	2.6x	7.1x	3.2%	12.1%	90d
FY 2022	47.3%	27.5%	24.6%	2.6x	1.9x	31.2%	24.0%	2.0x	5.6x	4.9%	11.8%	64d
FY 2021	41.7%	19.0%	15.7%	2.7x	2.0x	21.7%	16.2%	3.4x	12.8x	2.5%	13.5%	70d
FY 2020	37.1%	12.9%	10.8%	2.5x	1.9x	13.1%	9.4%	3.2x	14.7x	2.2%	15.1%	91d
FY 2019	38.7%	12.6%	10.8%	3.0x	2.2x	14.7%	10.4%	2.5x	11.6x	2.7%	17.0%	99d
FY 2018	36.9%	14.0%	16.9%	2.8x	2.0x	25.6%	14.1%	1.3x	5.5x	4.7%	11.7%	83d
FY 2017	36.3%	12.9%	2.6%	2.5x	1.9x	4.0%	9.1%	2.4x	11.9x	1.9%	12.6%	81d
FY 2016	32.2%	3.9%	1.7%	2.8x	2.0x	2.7%	3.4%	1.4x	9.8x	4.3%	16.1%	92d
FY 2015	28.9%	1.6%	2.5%	3.0x	2.2x	3.8%	1.6%	0.8x	6.4x	5.4%	16.1%	97d
FY 2014	28.1%	2.0%	1.9%	2.9x	2.1x	2.8%	2.0%	0.9x	6.0x	3.2%	15.6%	91d

Annual growth

Period	Revenue	Gross profit	R&D	Op income	Net income	EPS	FCF	Capex	Cash + ST inv.	Inventory	Assets	Debt
FY 2025	-10.8%	-23.2%	-1.3%	-80.7%	-89.3%	-89.0%	+75.9%	+30.7%	-20.4%	+12.2%	+0.2%	-32.6%
FY 2024	-23.2%	-37.0%	-1.1%	-63.7%	-63.0%	-62.9%	-114.8%	+29.9%	+1.7%	+3.6%	+1.2%	-0.2%
FY 2023	+7.2%	+8.5%	+10.5%	+3.9%	+6.3%	-2.3%	-7.0%	-24.8%	+34.6%	+4.5%	+22.4%	+9.0%
FY 2022	+26.4%	+43.4%	+10.3%	+83.5%	+98.0%	+115.8%	+39.4%	-87.7%	+28.5%	+30.6%	+28.6%	+6.1%
FY 2021	+24.9%	+40.6%	+11.3%	+82.8%	+80.8%	+78.2%	+52.8%	-42.6%	-5.5%	+7.4%	+7.5%	-2.7%
FY 2020	+6.9%	+2.5%	-4.7%	+10.0%	+7.2%	+7.8%	+13.8%	-11.1%	+36.1%	+8.9%	+21.8%	+23.6%
FY 2019	-1.1%	+3.6%	+44.1%	-11.2%	-36.6%	-36.5%	+11.0%	+3.2%	+5.3%	+7.9%	+9.2%	+19.3%
FY 2018	+15.8%	+17.6%	+6.9%	+25.6%	+647.2%	+98.9%	+54.8%	+2.9%	+18.5%	+17.4%	+12.3%	+12.3%
FY 2017	+19.7%	+35.3%	-6.3%	+298.2%	+80.2%	+378.9%	-13.0%	-112.9%	+11.5%	+13.8%	+21.0%	+17.2%
FY 2016	+1.1%	+12.7%	+1.3%	+148.6%	-30.9%	+58.3%	+36.3%	-15.5%	-6.7%	-6.2%	-2.3%	-10.0%
FY 2015	-6.8%	-4.5%	-3.8%	-26.4%	+24.1%	-14.3%	+51.0%	-4.8%	-10.4%	-1.4%	-9.0%	-10.5%
FY 2014	-8.4%	-20.3%	-36.4%	+131.8%	+128.2%	+125.0%	+218.6%	+7.0%	+24.1%	-5.0%	-1.8%	+56.2%

Revenue Mix