CRUS · Cirrus Logic, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenue | $2.00B | $1.90B | $1.79B | $1.90B | $1.78B | $1.37B |
| Cost of Revenue | $943.21M | $900.04M | $872.82M | $940.64M | $857.82M | $661.93M |
| Gross Profit | $1.05B | $996.04M | $916.07M | $956.98M | $923.64M | $707.30M |
| R&D | $433.95M | $434.68M | $426.48M | $458.41M | $406.31M | $342.76M |
| SG&A | $159.84M | $151.00M | $144.17M | $153.14M | $151.00M | $127.01M |
| Total Operating Expenses | $593.79M | $585.68M | $572.61M | $707.95M | $557.30M | $470.12M |
| D&A | $52.30M | $50.95M | $48.29M | $71.20M | $62.06M | $47.08M |
| Operating Income | $460.38M | $410.36M | $343.47M | $249.03M | $366.34M | $237.18M |
| Interest Expense | $898.0K | $915.0K | $915.0K | $898.0K | $948.0K | $1.06M |
| Income Tax | $82.33M | $113.41M | $89.36M | $78.04M | $42.31M | $27.90M |
| Net Income | $414.41M | $331.51M | $274.57M | $176.70M | $326.36M | $217.34M |
| EPS - Basic | $8.10 | $6.24 | $5.06 | $3.18 | $5.70 | $3.74 |
| EPS - Diluted | $7.85 | $6.00 | $4.90 | $3.09 | $5.52 | $3.62 |
Balance Sheet
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $800.93M | $539.62M | $502.76M | $445.78M | $369.81M | $442.16M |
| Accounts Receivable | $220.15M | $216.01M | $162.48M | $150.47M | $240.26M | $108.71M |
| Inventory | $240.87M | $299.09M | $227.25M | $233.45M | $138.44M | $173.26M |
| Accounts Payable | $80.64M | $63.16M | $55.55M | $81.46M | $115.42M | $102.74M |
| Current Assets | $1.43B | $1.24B | $1.11B | $1.02B | $840.01M | $842.52M |
| Total Assets | $2.49B | $2.33B | $2.23B | $2.06B | $2.12B | $1.83B |
| Current Liabilities | $194.66M | $195.19M | $186.39M | $216.34M | $264.78M | $213.61M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | - | - | - | - | - | - |
| Stockholders' Equity | $2.13B | $1.95B | $1.82B | $1.66B | $1.60B | $1.39B |
| Retained Earnings | $184.88M | $90.35M | $58.92M | ($9.32M) | $23.43M | ($112.69M) |
Cash Flow
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $650.60M | $444.37M | $421.67M | $339.57M | $124.75M | $348.94M |
| Investing Cash Flow | ($75.12M) | ($124.28M) | ($163.01M) | ($33.33M) | ($18.37M) | ($77.67M) |
| Financing Cash Flow | ($314.17M) | ($283.23M) | ($201.68M) | ($230.27M) | ($178.73M) | ($121.22M) |
| CapEx | $13.99M | $22.78M | $37.65M | $35.09M | $26.14M | $18.25M |
| Free Cash Flow | $636.61M | $421.59M | $384.02M | $304.48M | $98.61M | $330.69M |
Ratios
| Metric | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 52.8% | 52.5% | 51.2% | 50.4% | 51.8% | 51.7% |
| Operating margin | 23.0% | 21.6% | 19.2% | 13.1% | 20.6% | 17.3% |
| EBITDA margin | 25.7% | 24.3% | 21.9% | 16.9% | 24.0% | 20.8% |
| Net margin | 20.7% | 17.5% | 15.3% | 9.3% | 18.3% | 15.9% |
| Free cash flow margin | 31.9% | 22.2% | 21.5% | 16.0% | 5.5% | 24.2% |
| FCF / Net income | 1.54 | 1.27 | 1.40 | 1.72 | 0.30 | 1.52 |
| R&D / Revenue | 21.7% | 22.9% | 23.8% | 24.2% | 22.8% | 25.0% |
| SG&A / Revenue | 8.0% | 8.0% | 8.1% | 8.1% | 8.5% | 9.3% |
| Effective tax rate | 16.6% | 25.5% | 24.6% | 30.6% | 11.5% | 11.4% |
| Return on assets | 16.6% | 14.2% | 12.3% | 8.6% | 15.4% | 11.9% |
| Return on equity | 19.5% | 17.0% | 15.1% | 10.7% | 20.4% | 15.6% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 7.37 | 6.35 | 5.93 | 4.70 | 3.17 | 3.94 |
| Quick ratio | 6.13 | 4.82 | 4.72 | 3.63 | 2.65 | 3.13 |
| Cash ratio | 4.11 | 2.76 | 2.70 | 2.06 | 1.40 | 2.07 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | 512.7x | 448.5x | 375.4x | 277.3x | 386.4x | 224.4x |
| Equity multiplier | 1.17 | 1.19 | 1.23 | 1.24 | 1.33 | 1.32 |
| Liabilities / Assets | - | - | - | - | - | - |
| Efficiency | ||||||
| Asset turnover | 0.80 | 0.81 | 0.80 | 0.92 | 0.84 | 0.75 |
| Inventory turnover | 3.92 | 3.01 | 3.84 | 4.03 | 6.20 | 3.82 |
| Days sales outstanding | 40d | 42d | 33d | 29d | 49d | 29d |
| Days inventory outstanding | 93d | 121d | 95d | 91d | 59d | 96d |
| Days payable outstanding | 31d | 26d | 23d | 32d | 49d | 57d |
| Cash conversion cycle | 102d | 137d | 105d | 88d | 59d | 68d |
| Valuation | ||||||
| P / E | 18.3x | 16.6x | 18.9x | 35.4x | 15.4x | 22.9x |
| P / B | 3.6x | 2.8x | 2.9x | 3.8x | 3.1x | 3.6x |
| P / S | 3.8x | 2.9x | 2.9x | 3.3x | 2.8x | 3.6x |
| EV / EBITDA | 13.2x | 10.8x | 12.0x | 18.2x | 10.8x | 16.0x |
| Growth | ||||||
| Revenue growth (YoY) | 5.3% | 6.0% | -5.7% | 6.5% | 30.1% | 6.9% |
| Revenue CAGR (3y) | 1.7% | 2.1% | 9.3% | 14.0% | 5.2% | -3.7% |
| Revenue CAGR (5y) | 7.8% | 8.2% | 3.1% | 4.4% | 3.0% | 3.2% |
| Gross profit growth (YoY) | 5.8% | 8.7% | -4.3% | 3.6% | 30.6% | 4.9% |
| Operating income growth (YoY) | 12.2% | 19.5% | 37.9% | -32.0% | 54.5% | 36.7% |
| Net income growth (YoY) | 25.0% | 20.7% | 55.4% | -45.9% | 50.2% | 36.3% |
| EPS growth (YoY) | 30.8% | 22.4% | 58.6% | -44.0% | 52.5% | 37.1% |
| EPS CAGR (3y) | 36.4% | 2.8% | 10.6% | 5.4% | 55.8% | 13.7% |
| EPS CAGR (5y) | 16.7% | 17.8% | 27.4% | 4.7% | 7.1% | 14.1% |
| FCF growth (YoY) | 51.0% | 9.8% | 26.1% | 208.8% | -70.2% | 18.0% |
| FCF CAGR (5y) | 14.0% | 8.5% | 17.0% | 2.9% | -21.4% | 23.8% |
| Book value growth (YoY) | 9.2% | 7.3% | 9.6% | 3.7% | 15.2% | 12.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2026-03-28.
Product / service
$2.00B totalAudio Products Segment$1.16B · 58.1%
High Performance Mixed Signal Products$837.45M · 41.9%
Geographic
$2.91B totalCN$1.07B · 36.6%
Other Countries$915.63M · 31.4%
IN$313.75M · 10.8%
HK$222.74M · 7.6%
VN$185.06M · 6.4%
KR$120.02M · 4.1%
Other Non USCountries$74.07M · 2.5%
US$14.87M · 0.5%
Stability scores
Piotroski F-score
FY 2026 · 9-point quality
7/9
Strong
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Semiconductors & Related Devices
Comparing CIRRUS LOGIC against the 5 most active filers in the same SIC group.