ADT Inc. (ADT) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.22	$0.23	+4.5%	—	$1.3B	—
Q1 26	$0.21	$0.23	+9.5%	—	$1.3B	—
Q4 25	$0.22	$0.23	+4.5%	—	$1.3B	—
Q3 25	$0.22	$0.23	+4.5%	—	$1.3B	—
Q2 25	$0.2	$0.23	+15.0%	—	$1.3B	—
Q1 25	$0.19	$0.21	+10.5%	—	$1.3B	—
Q4 24	$0.19	$0.2	+5.3%	—	$1.3B	—
Q3 24	$0.17	$0.2	+17.6%	—	$1.2B	—
Q2 24	$0.17	$0.17	0.0%	—	$1.2B	—
Q1 24	$0.15	$0.16	+6.7%	—	$1.2B	—
Q4 23	$0.06	$0.25	+316.7%	—	$1.2B	—
Q3 23	$0.04	$0.08	+100.0%	—	$1.2B	—
Q2 23	$0.06	$0.16	+166.7%	—	$1.2B	—
Q4 22	$0.21	$0.1	-52.4%	—	$1.6B	—
Q3 22	$0.07	$0.1	+42.9%	—	$1.3B	—
Q2 22	$0.18	$0.06	-66.7%	—	$1.6B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$0.72	—	—	$5.1B	—
FY24	—	$0.56	—	—	$4.9B	—
FY23	—	$0.51	—	—	$5B	—
FY22	—	$0.19	—	—	$5.2B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$2.9B	$4.3B	$4.6B	$5.1B	$5.3B	$4.2B	$5.2B	$5B	$4.9B	$5.1B
YoY change	+437%	+46.3%	+6.17%	+11.9%	+3.69%	-20.9%	+23%	-3.59%	-1.69%	+4.7%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	2.9B	4.3B	4.6B	5.1B	5.3B	4.2B	5.2B	5B	4.9B	5.1B
Cost of revenue	693.4M	895.7M	1B	1.4B	1.5B	772.8M	1.2B	1B	847.1M	983M
Gross profit	2.3B	3.4B	3.5B	3.7B	3.8B	3.4B	4B	4B	4.1B	4.1B
Gross margin	76.5%	79.2%	77.3%	72.9%	71.5%	81.6%	76.8%	79.8%	82.7%	80.8%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	858.9M	1.2B	1.2B	1.4B	1.7B	1.5B	1.7B	1.5B	1.5B	1.5B
Operating expenses	858.9M	1.2B	1.2B	1.4B	1.7B	1.5B	1.7B	1.5B	1.5B	1.5B
Operating income	164.5M	347.3M	362.5M	339.8M	160.8M	49M	689.2M	1.1B	1.2B	1.3B
Operating margin	5.58%	8.05%	7.91%	6.63%	3.03%	1.16%	13.3%	21.7%	25.2%	25.5%
Non-operating income, net	-445.7M	-36.1M	-331.9M	-242.4M	-231.6M	-68M	-275.8M	-578M	24M	-15.8M
Pretax income	-802.7M	-421.7M	-632.6M	-522.2M	-778.9M	-475.8M	149.1M	-66.5M	815.2M	833.8M
Income tax	-266.2M	-764.3M	-23.5M	-98M	-146.7M	-131.7M	37.7M	4.6M	195.8M	233.3M
Net income	-536.6M	342.6M	-609.2M	-424.1M	-632.2M	-340.8M	132.7M	463M	501.1M	596M
Net margin	-18.2%	7.94%	-13.3%	-8.28%	-11.9%	-8.11%	2.57%	9.29%	10.2%	11.6%
EBITDA	1.4B	2.2B	2.3B	2.3B	2.1B	2B	2.3B	2.5B	2.6B	2.7B
EPS	-0.77	0.46	-0.81	-0.57	-0.82	-0.41	0.19	0.51	0.56	0.72
Diluted EPS	-0.77	0.46	-0.81	-0.57	-0.82	-0.41	0.19	0.51	0.52	0.67

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	1.2B	1.2B	1.2B	1.2B	1.2B	1.3B	1.3B	1.3B	1.3B	1.3B	1.3B	1.3B
Cost of revenue	187.4M	229.1M	235.8M	196.2M	222.1M	234.5M	240.1M	250.2M	250.7M	242M	242.9M	263.5M
Gross profit	992.5M	993.2M	973.5M	1B	1B	1B	1B	1B	1B	1B	1B	1B
Gross margin	84.1%	81.3%	80.5%	83.7%	82.1%	81.4%	81.1%	80.6%	80.7%	81%	81%	79.9%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	346.4M	380.5M	398.5M	388.4M	358.5M	370.8M	368.6M	356.1M	384.4M	360.4M	364.8M	385.9M
Operating expenses	346.4M	380.5M	398.5M	388.4M	358.5M	370.8M	368.6M	356.1M	384.4M	360.4M	364.8M	385.9M
Operating income	316.4M	282.8M	240.7M	286M	327.9M	314.4M	319.3M	342M	315.1M	332.6M	325.4M	315.9M
Operating margin	26.8%	23.1%	19.9%	23.7%	26.4%	24.9%	25.2%	26.6%	24.3%	26.1%	25.5%	24.1%
Non-operating income, net	-9.2M	-24.5M	-29.6M	9.7M	16.1M	-5.8M	-4.9M	803K	-3.8M	-7.9M	426K	2.3M
Pretax income	160.4M	88.6M	122.2M	186M	182.3M	226.6M	193.5M	227M	198.6M	214.7M	227.5M	215.9M
Income tax	34.4M	17M	30.7M	59.8M	50.2M	29.3M	51M	58.7M	55.1M	68.4M	58.1M	60.8M
Net income	-86.2M	575.9M	91.6M	92.4M	127.2M	190M	140.2M	165.2M	145.1M	145.4M	168.4M	153.8M
Net margin	-7.31%	47.1%	7.57%	7.67%	10.2%	15.1%	11.1%	12.8%	11.2%	11.4%	13.2%	11.7%
EBITDA	646.9M	624.7M	590.7M	631.9M	681M	663.1M	653.9M	681.5M	659.1M	665.8M	671.3M	665.1M
EPS	-0.09	—	0.1	0.1	0.14	0.21	0.16	0.2	0.18	0.18	0.21	0.2
Diluted EPS	-0.09	—	0.1	0.1	0.13	0.2	0.15	0.18	0.16	0.17	0.19	0.19

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	4.5B	5.9B	6B	6.5B	7.7B	6.2B	6.2B	6.7B	4.5B
Enterprise value	—	—	14.1B	15.6B	15.3B	16.2B	17.3B	14.1B	13.8B	14.3B	12.4B
Shares outstanding	694.6M	748.9M	748M	747M	760M	771M	848M	911.6M	902M	833M	833M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	—	—	—	58	13.4	12.4	11.3	8.6
P/S	—	—	0.98	1.16	1.12	1.54	1.49	1.25	1.27	1.31	0.88
P/B	—	—	1.06	1.86	1.96	2	2.27	1.64	1.64	1.78	1.31
EV/EBITDA	—	—	6.09	6.67	7.34	8.21	7.42	5.66	5.26	5.39	4.61
EV/Sales	—	—	3.09	3.04	2.88	3.85	3.34	2.82	2.83	2.79	2.41
Earnings yield	—	—	—	—	—	—	1.72%	7.45%	8.04%	8.87%	11.6%
FCF yield	—	—	24.1%	19.8%	13.3%	12.1%	12.7%	13.7%	19.2%	19.5%	26.5%
PEG	—	—	—	—	—	—	—	—	—	—	6.28

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	76.5%	79.2%	77.3%	72.9%	71.5%	81.6%	76.8%	79.8%	82.7%	80.8%	79.9%
Operating margin	5.58%	8.05%	7.91%	6.63%	3.03%	1.16%	13.3%	21.7%	25.2%	25.5%	24.1%
Net margin	-18.2%	7.94%	-13.3%	-8.28%	-11.9%	-8.11%	2.57%	9.29%	10.2%	11.6%	11.9%
ROE	-14.1%	9.98%	-14.4%	-13.3%	-20.8%	-10.5%	3.91%	12.2%	13.2%	15.8%	17.2%
ROA	-3.12%	2.01%	-3.54%	-2.64%	-3.92%	-2.02%	0.74%	2.9%	3.12%	3.77%	5.18%
ROIC	1.24%	2.58%	2.61%	2.65%	1.3%	0.38%	3.97%	9.31%	8.2%	8.28%	8.28%
Return on tangible assets	5.67%	-3.88%	7.68%	5.91%	10.2%	5.86%	-4.58%	-12.9%	-14.5%	-16.6%	-15.9%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.46	0.51	0.84	0.56	0.75	0.58	0.65	0.68	0.8	0.93	0.69
Quick ratio	0.33	0.39	0.73	0.43	0.58	0.38	0.56	0.52	0.64	0.73	0.52
Debt / equity	2.5	2.96	2.37	3.04	3.13	3	2.9	2.07	2.03	2.04	2.24
Debt / assets	0.55	0.6	0.58	0.6	0.59	0.58	0.55	0.49	0.48	0.49	0.49
Net debt / EBITDA	6.87	4.48	4.15	4.13	4.47	4.92	4.11	3.16	2.89	2.86	2.89
Interest coverage	-0.54	0.42	0.05	0.16	-0.1	-0.04	1.56	0.88	2.85	2.82	3.02
Effective tax rate	0%	0%	0%	0%	0%	0%	25.3%	0%	24%	28%	28.3%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	4.25	5.76	6.13	6.86	6.99	5.45	6.09	5.47	5.43	6.16	6.43
EPS (basic)	-0.77	0.46	-0.81	-0.57	-0.82	-0.41	0.19	0.51	0.56	0.72	0.72
EPS (diluted)	-0.77	0.46	-0.81	-0.57	-0.82	-0.41	0.19	0.51	0.52	0.67	0.72
Book value per share	5.48	4.58	5.65	4.26	4	4.21	4	4.16	4.21	4.54	4.74
FCF per share	0.1	1.17	1.45	1.57	1.04	1.02	1.15	0.93	1.33	1.58	1.97
Cash per share	0.11	0.16	0.49	0.07	0.27	0.03	0.3	0.02	0.11	0.1	0.05
Capex per share	0.67	0.78	0.17	0.21	0.21	0.22	0.21	0.19	0.18	0.48	0.43

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	15.9%	13.5%	2.77%	3.1%	2.96%	4%	3.42%	3.54%	3.34%	7.72%	6.9%
Capex / operating cash flow	84.4%	38.1%	9.28%	9.94%	14.7%	10.2%	9.77%	9.89%	10%	21%	16.5%
Payout ratio	0%	218.9%	-13%	-133.2%	-17.3%	-34.1%	95.8%	27.8%	36.4%	31.3%	30.6%
Dividend yield	—	—	1.77%	9.53%	1.83%	1.79%	1.65%	2.07%	2.92%	2.78%	3.55%

Yield

3.55%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.055

ex-dividend Sep 10, 2026

Payout ratio

31%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 10, 2026	$0.055
Jun 11, 2026	$0.055
Mar 12, 2026	$0.055
Dec 11, 2025	$0.055
Sep 11, 2025	$0.055
Jun 12, 2025	$0.055
Mar 13, 2025	$0.055
Dec 12, 2024	$0.055

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$1.2B	$1.2B	$1.2B	$1.2B	$1.2B	$1.3B	$1.3B	$1.3B	$1.3B	$1.3B	$1.3B	$1.3B
YoY change	-8.52%	-25.7%	-5.32%	+3.12%	+5.42%	+3.12%	+4.81%	+6.85%	+4.35%	+1.25%	+0.87%	+1.96%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	75.9M	122.9M	363.2M	48.7M	205M	24.5M	257.2M	14.6M	96.2M	80.8M
Receivables	135.2M	148.8M	245.7M	287.2M	336M	442.2M	334.6M	390.5M	393.5M	384.9M
Inventory	108.9M	106.9M	115.3M	138.4M	216.2M	347.9M	237.3M	230.1M	196.7M	201.8M
Total current assets	388.4M	455.9M	854M	625.5M	967.4M	992.5M	1.7B	1B	1B	945.6M
Property, plant & equipment	3.2B	3.2B	3.1B	3B	2.9B	3.1B	3.1B	3.2B	3.1B	2.9B
Goodwill & intangibles	26.6B	25.9B	25.1B	23.3B	22.3B	22.7B	20.7B	19.6B	19.5B	19.4B
Total assets	17.2B	17B	17.2B	16.1B	16.1B	16.9B	17.8B	16B	16.1B	15.8B
Accounts payable	212.2M	187.7M	221.3M	242M	321.6M	475M	417.9M	293.9M	153.5M	107M
Short-term debt	40.3M	48.1M	58.2M	58M	75.5M	155M	878.4M	336.6M	195.8M	310.2M
Total current liabilities	852.5M	896.3M	1B	1.1B	1.3B	1.7B	2.7B	1.5B	1.3B	1B
Long-term debt	9.5B	10.1B	9.9B	9.6B	9.4B	9.6B	8.9B	7.5B	7.5B	7.4B
Total liabilities	13.4B	13.6B	13B	12.9B	13.1B	13.6B	14.4B	12.2B	12.3B	12B
Shareholders' equity	3.8B	3.4B	4.2B	3.2B	3B	3.2B	3.4B	3.8B	3.8B	3.8B
Total debt	9.5B	10.2B	10B	9.7B	9.5B	9.7B	9.8B	7.9B	7.7B	7.7B
Net debt	9.4B	10B	9.6B	9.6B	9.3B	9.7B	9.6B	7.8B	7.6B	7.6B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	238.6M	14.6M	4M	37.9M	95.3M	96.2M	3.7M	45.2M	62.8M	80.8M	119.3M	3.9M
Receivables	384.4M	390.5M	387.5M	386.5M	396.9M	393.5M	395.3M	406.6M	400.4M	384.9M	368.1M	373M
Inventory	206.5M	230.1M	209.8M	203M	203M	196.7M	188.8M	185.7M	190.4M	201.8M	188.9M	183.7M
Total current assets	1.6B	1B	1B	985.5M	1B	1B	857.5M	940.3M	988M	945.6M	899.4M	764.4M
Property, plant & equipment	3.3B	3.2B	3.3B	3.3B	3.3B	3.1B	3.2B	3.2B	3.1B	2.9B	3B	3B
Goodwill & intangibles	19.5B	19.6B	19.5B	19.5B	19.6B	19.5B	19.4B	19.6B	19.5B	19.4B	19.7B	19.6B
Total assets	17.4B	16B	15.9B	16B	16.1B	16.1B	15.8B	16B	16B	15.8B	15.9B	15.7B
Accounts payable	275.6M	293.9M	260.1M	222.1M	226.6M	153.5M	132.7M	187.1M	166.9M	107M	113.2M	191.6M
Short-term debt	851.3M	336.6M	338.7M	211.5M	196.6M	195.8M	206.6M	1.1B	521.7M	310.2M	309.1M	240.5M
Total current liabilities	2.3B	1.5B	1.4B	1.3B	1.2B	1.3B	1.1B	2.1B	1.5B	1B	1.1B	1.1B
Long-term debt	8.8B	7.5B	7.6B	7.5B	7.5B	7.5B	7.6B	6.8B	7.3B	7.4B	7.4B	7.4B
Total liabilities	14.2B	12.2B	12.2B	12.2B	12.2B	12.3B	12.2B	12.3B	12.3B	12B	12.1B	12.3B
Shareholders' equity	3.2B	3.8B	3.7B	3.8B	3.9B	3.8B	3.6B	3.7B	3.7B	3.8B	3.8B	3.5B
Total debt	9.7B	7.9B	7.9B	7.7B	7.7B	7.7B	7.8B	7.8B	7.8B	7.7B	7.7B	7.7B
Net debt	9.4B	7.8B	7.9B	7.7B	7.6B	7.6B	7.8B	7.8B	7.7B	7.6B	7.5B	7.7B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	-536.6M	342.6M	-609.2M	-424.1M	-632.2M	-340.8M	132.7M	463M	501.1M	596M
Depreciation & amortization	1.2B	1.9B	1.9B	2B	1.9B	1.9B	1.7B	1.4B	1.3B	1.4B
Stock-based compensation	4.6M	11.3M	135M	85.6M	96M	61.2M	66.6M	51.1M	48.6M	54.6M
Change in working capital	-2.3M	42.2M	-66.7M	-37.1M	-254.4M	51.9M	-158M	-232.2M	-244.1M	-331.4M
Operating cash flow	555.1M	1.5B	1.4B	1.6B	1.1B	1.7B	1.8B	1.8B	1.6B	1.9B
Capital expenditure	-468.6M	-582.7M	-126.8M	-158.8M	-157.2M	-168.2M	-176.7M	-176.4M	-163.8M	-396M
Investing cash flow	-9.3B	-1.3B	-1.2B	-435.9M	-719.1M	-1B	-798.1M	873M	-764M	-939.7M
Dividends paid	0	-750M	-79.4M	-564.8M	-109.3M	-116.3M	-127.1M	-128.6M	-182.3M	-186.8M
Share repurchases	0	0	-852.8M	-149.9M	-4K	0	-1.2B	0	-240.6M	-606.8M
Financing cash flow	8.8B	-143.1M	193M	-1.2B	-70.3M	-72.3M	4M	-2.1B	-772M	-1.1B
Net change in cash	50.7M	105.2M	398.1M	-52.4M	277.7M	577.2M	1B	512.3M	98.1M	-151.3M
Free cash flow	70.4M	878.6M	1.1B	1.2B	791.2M	786.8M	976.6M	850.8M	1.2B	1.3B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	-86.2M	575.9M	91.6M	92.4M	127.2M	190M	140.2M	165.2M	145.1M	145.4M	168.4M	153.8M
Depreciation & amortization	329.9M	329.9M	334.4M	334.3M	335.3M	340.7M	339.5M	338.7M	347.8M	341.1M	345.5M	346.9M
Stock-based compensation	15.6M	8.1M	8M	21.4M	9.9M	9.3M	20.5M	11.6M	10.7M	11.7M	13.6M	18.6M
Change in working capital	-86.8M	320.7M	-144.6M	31.9M	-94.6M	303.5M	-110.8M	-10.3M	-144.5M	170.3M	36.1M	78M
Operating cash flow	331.4M	1.3B	292.7M	507.8M	400.5M	777.8M	382.6M	563.9M	480.1M	373.6M	638.1M	666.4M
Capital expenditure	-41.2M	-45.8M	-40.7M	-46.7M	-42.7M	-33.7M	-45.4M	-103.7M	-98.2M	-88.6M	-90.6M	-79M
Investing cash flow	-172.8M	1.4B	-159.6M	-186.7M	-255.7M	-142.8M	-152.1M	-326M	-255.1M	-146.4M	-357.1M	-215.6M
Dividends paid	-32.2M	-32.2M	-32.2M	-50M	-50M	-50.1M	-48.9M	-47.1M	-45.8M	-45M	-45M	-44.9M
Share repurchases	0	—	-93.4M	0	0	-147.2M	-396.6M	-98.5M	-111.7M	0	-115.9M	-484.1M
Financing cash flow	-17.6M	-1.9B	-75M	-134.4M	104.8M	-427.9M	-397.6M	-61.9M	-16.4M	-508.3M	-249.5M	-468.6M
Net change in cash	141.1M	830.8M	58.2M	186.7M	249.7M	207.1M	-167.1M	175.9M	208.5M	-281.1M	31.5M	-17.9M
Free cash flow	244.5M	216.6M	182.6M	373M	333M	309.4M	315.7M	422.5M	339.3M	234.9M	498.5M	541.1M

ADT Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement