Analog Devices vs ASE Technology Holding Co.
ASE Technology Holding Co. is the larger business, with $20.74bn of revenue in fiscal 2025 against $11.02bn for Analog Devices (1.9 times as much). Analog Devices grew faster (16.9% against 11.8%). Analog Devices kept more of each dollar of sales as profit: a net margin of 20.6% against 6.2%. Analog Devices carries less debt relative to equity (25.4% against 73.8%).
| Latest fiscal year | Analog DevicesADI, 2025 | ASE Technology Holding Co.ASX, 2025 |
|---|---|---|
| Revenue | $11.02bn | $20.74bn |
| Revenue growth | 16.9% | 11.8% |
| Net income | $2.27bn | $1.29bn |
| Operating margin | 26.6% | 8.0% |
| Net margin | 20.6% | 6.2% |
| Return on equity | 6.6% | 12.4% |
| Free cash flow | $4.28bn | −$720m |
| Cash | $2.50bn | $2.95bn |
| Total debt | $8.59bn | $8.05bn |
| Debt to equity | 25.4% | 73.8% |
| Dividend per share | $3.89 | — |
| Dividend yield | 1.0% | — |
| Share buybacks | $2.16bn | — |
| Employees | 24,500 | — |
| Market value | $204.33bn | $86.71bn |
| Price vs our value range | Within our value range | Above our value range |
| Moat score | 85 (Strong) | — |
| Insider trades, 12 months | 0 buys, 207 sales | 0 buys, 39 sales |