Qorvo (QRVO) | Financial Analysis & Statements
Financial Overview
Latest Annual: 2025Income Metrics
Revenue
3.7B
Gross Profit
1.5B
41.29%
Operating Income
288.1M
7.75%
Net Income
55.6M
1.50%
EPS (Diluted)
$0.58
Balance Sheet Metrics
Total Assets
5.9B
Total Liabilities
2.5B
Shareholders Equity
3.4B
Debt to Equity
0.75
Cash Flow Metrics
Operating Cash Flow
493.3M
Free Cash Flow
484.6M
Revenue & Profitability Trend
Qorvo Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 3.7B | 3.8B | 3.6B | 4.6B | 4.0B |
| Cost of Goods Sold | 2.2B | 2.3B | 2.3B | 2.4B | 2.1B |
| Gross Profit | 1.5B | 1.5B | 1.3B | 2.3B | 1.9B |
| Operating Expenses | 1.2B | 1.2B | 1.1B | 1.0B | 976.9M |
| Operating Income | 288.1M | 313.1M | 195.6M | 1.3B | 906.6M |
| Pre-tax Income | 65.9M | 73.6M | 124.6M | 1.2B | 807.4M |
| Income Tax | 10.3M | 143.9M | 21.5M | 147.7M | 73.8M |
| Net Income | 55.6M | -70.3M | 103.2M | 1.0B | 733.6M |
| EPS (Diluted) | $0.58 | -$0.73 | $1.00 | $9.26 | $6.32 |
Income Statement Trend
Qorvo Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | 2.2B | 2.4B | 2.0B | 2.4B | 2.5B |
| Non-Current Assets | 3.8B | 4.1B | 4.7B | 5.1B | 4.7B |
| Total Assets | 5.9B | 6.6B | 6.7B | 7.5B | 7.2B |
| Liabilities | |||||
| Current Liabilities | 783.2M | 1.2B | 555.8M | 675.1M | 681.6M |
| Non-Current Liabilities | 1.8B | 1.8B | 2.2B | 2.3B | 1.9B |
| Total Liabilities | 2.5B | 3.0B | 2.8B | 3.0B | 2.6B |
| Equity | |||||
| Total Shareholders Equity | 3.4B | 3.6B | 3.9B | 4.6B | 4.6B |
Balance Sheet Composition
Qorvo Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 55.6M | -70.3M | 103.2M | 1.0B | 733.6M |
| Operating Cash Flow | 493.3M | 432.0M | 578.1M | 1.2B | 1.2B |
| Investing Activities | |||||
| Capital Expenditures | -130.5M | -77.7M | -157.1M | -212.6M | -187.0M |
| Investing Cash Flow | 36.6M | -136.5M | -153.4M | -596.0M | -218.7M |
| Financing Activities | |||||
| Dividends Paid | - | - | - | - | - |
| Financing Cash Flow | -684.4M | -459.6M | -853.4M | -875.5M | -401.9M |
| Free Cash Flow | 484.6M | 706.0M | 684.3M | 835.8M | 1.1B |
Cash Flow Trend
Qorvo Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
140.66
Forward P/E
13.69
Price to Book
2.23
Price to Sales
2.04
PEG Ratio
13.69
Profitability Ratios
Profit Margin
1.50%
Operating Margin
22.38%
Return on Equity
1.60%
Return on Assets
3.77%
Financial Health
Current Ratio
2.77
Debt to Equity
47.49
Beta
1.37
Per Share Data
EPS (TTM)
$0.58
Book Value per Share
$36.51
Revenue per Share
$39.32
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| qrvo | 7.6B | 140.66 | 2.23 | 1.60% | 1.50% | 47.49 |
| Nvidia | 3.5T | 46.25 | 41.84 | 115.46% | 51.69% | 12.27 |
| Broadcom | 1.2T | 92.28 | 4.29 | 18.98% | 22.64% | 166.03 |
| Macom Technology | 10.3B | 129.27 | 8.58 | -7.70% | -10.24% | 44.93 |
| Lattice | 6.8B | 134.30 | 9.65 | 7.39% | 10.51% | 3.08 |
| Rambus | 6.4B | 31.41 | 5.56 | 19.26% | 34.23% | 2.52 |
Financial data is updated regularly. All figures are in the company's reporting currency.