CIRRUS LOGIC, INC.

CRUS· Nasdaq· Semiconductors & Related Devices

Market cap
–
P/FCF
–
EV/Sales
–
FCF margin
31.9%
ROIC, 5 yr avg
–
Revenue, 5 yr CAGR
+7.8%
We record prices for the companies we cover; CRUS is not one of them yet.

Company statistics

From the 10-Ks, computed in code · point at a figure for its formula

Profile · FY2026

Market cap
–
Enterprise value
–
Diluted shares
52.8M
Revenue
$2.0B
Free cash flow
$636.6M
Owner earnings
$554.8M

Valuation · FY2026

P/E
–
P/FCF
–
P/Owner earnings
–
EV/Sales
–
EV/FCF
–
P/B
–

Margins · FY2026

Gross
52.8%
Operating
23.0%
Net
20.7%
Free cash flow
31.9%
Owner earnings
27.8%
Stock pay
4.1%

Returns

ROIC, FY2026
–
ROIC, 5 yr avg
–
ROE, FY2026
19.5%
ROE, 5 yr avg
16.5%

Growth (CAGR)

Revenue, 3 yr
1.7%
Revenue, 5 yr
7.8%
Revenue, 9 yr
2.9%
Diluted EPS, 3 yr
36.4%
Diluted EPS, 5 yr
16.7%
Diluted EPS, 9 yr
8.0%
Free cash flow, 3 yr
27.9%
Free cash flow, 5 yr
14.0%
Free cash flow, 9 yr
7.7%

Financial health · FY2026

Cash and investments
$800.9M
Total debt
–
Net cash
–
Debt/Equity
–
Debt/FCF
–

Shareholder returns · FY2026

Dividend yield
–
Payout ratio
–
Buyback yield
–
Shareholder yield
–
Share count, 5 yr
-2.5%

Financials: ten years from the 10-Ks

Reported numbers open their filing · computed ones show the formula · ˢ split-adjusted

Revenue

$2.0B

+2.9% a year over 9 years

FY2017: Revenue $1.5BFY2018: Revenue $1.5BFY2019: Revenue $1.2BFY2020: Revenue $1.3BFY2021: Revenue $1.4BFY2022: Revenue $1.8BFY2023: Revenue $1.9BFY2024: Revenue $1.8BFY2025: Revenue $1.9BFY2026: Revenue $2.0B
FY2017FY2026

Margins

Gross52.8%Operating23.0%Net20.7%

FY2026

FY2017: Gross 49.2%, Operating 20.6%, Net 17.0%FY2018: Gross 49.6%, Operating 17.1%, Net 10.6%FY2019: Gross 50.4%, Operating 8.5%, Net 7.6%FY2020: Gross 52.6%, Operating 13.5%, Net 12.4%FY2021: Gross 51.7%, Operating 17.3%, Net 15.9%FY2022: Gross 51.8%, Operating 20.6%, Net 18.3%FY2023: Gross 50.4%, Operating 13.1%, Net 9.3%FY2024: Gross 51.2%, Operating 19.2%, Net 15.3%FY2025: Gross 52.5%, Operating 21.6%, Net 17.5%FY2026: Gross 52.8%, Operating 23.0%, Net 20.7%
FY2017FY2026

Free cash flow and owner earnings

Free cash flow$636.6MOwner earnings$554.8M

Free cash flow +7.7% a year

FY2017: Free cash flow $327.9M, Owner earnings $288.3MFY2018: Free cash flow $263.5M, Owner earnings $214.8MFY2019: Free cash flow $175.1M, Owner earnings $125.4MFY2020: Free cash flow $280.2M, Owner earnings $226.4MFY2021: Free cash flow $330.7M, Owner earnings $273.9MFY2022: Free cash flow $98.6M, Owner earnings $32.2MFY2023: Free cash flow $304.5M, Owner earnings $222.8MFY2024: Free cash flow $384.0M, Owner earnings $294.8MFY2025: Free cash flow $421.6M, Owner earnings $337.4MFY2026: Free cash flow $636.6M, Owner earnings $554.8M
FY2017FY2026

Diluted shares

52.8M

-20.6% over 9 years, net buybacks

FY2017: Diluted shares 66.6MFY2018: Diluted shares 66.0MFY2019: Diluted shares 61.6MFY2020: Diluted shares 60.5MFY2021: Diluted shares 60.1MFY2022: Diluted shares 59.1MFY2023: Diluted shares 57.2MFY2024: Diluted shares 56.0MFY2025: Diluted shares 55.2MFY2026: Diluted shares 52.8M
FY2017FY2026

Every figure, year by year

Fiscal yearFY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
The business
Revenue$1.5B$1.5B$1.2B$1.3B$1.4B$1.8B$1.9B$1.8B$1.9B$2.0B
Revenue growth31.6%-0.4%-22.6%8.1%6.9%30.1%6.5%-5.7%6.0%5.3%
Gross margin49.2%49.6%50.4%52.6%51.7%51.8%50.4%51.2%52.5%52.8%
Operating margin20.6%17.1%8.5%13.5%17.3%20.6%13.1%19.2%21.6%23.0%
Net income$261.2M$162.0M$90.0M$159.5M$217.3M$326.4M$176.7M$274.6M$331.5M$414.4M
Net margin17.0%10.6%7.6%12.4%15.9%18.3%9.3%15.3%17.5%20.7%
Diluted EPS$3.92$2.46$1.46$2.64$3.62$5.52$3.09$4.90$6.00$7.85
Return on invested capital?––––––––––
Cash
Operating cash flow$369.8M$318.7M$206.7M$295.8M$348.9M$124.8M$339.6M$421.7M$444.4M$650.6M
Capital expenditure$41.8M$55.2M$31.6M$15.7M$18.3M$26.1M$35.1M$37.6M$22.8M$14.0M
Free cash flow$327.9M$263.5M$175.1M$280.2M$330.7M$98.6M$304.5M$384.0M$421.6M$636.6M
Stock-based compensation$39.6M$48.7M$49.7M$53.8M$56.8M$66.4M$81.6M$89.3M$84.1M$81.8M
Owner earnings?$288.3M$214.8M$125.4M$226.4M$273.9M$32.2M$222.8M$294.8M$337.4M$554.8M
Free cash flow per share$4.93$4.00$2.84$4.63$5.51$1.67$5.32$6.86$7.63$12.05
Capital allocation
Dividends paid––––––––––
Share repurchases$15.4M$175.8M$160.0M$120.0M$110.0M$167.5M$191.4M$186.0M$261.0M$280.0M
Diluted shares66.6M66.0M61.6M60.5M60.1M59.1M57.2M56.0M55.2M52.8M
Share count change?0.9%-0.9%-6.6%-1.8%-0.7%-1.5%-3.2%-2.1%-1.4%-4.4%
Balance sheet
Cash and equivalents$351.2M$235.6M$216.2M$292.1M$442.2M$369.8M$445.8M$502.8M$539.6M$800.9M
Short-term investments$99.8M$26.4M$70.2M$22.0M$55.7M$10.6M––––
Total debt––––––––––
Net debt––––––––––
Shareholders' equity$1.2B$1.2B$1.1B$1.2B$1.4B$1.6B$1.7B$1.8B$1.9B$2.1B

Latest filings

All on EDGAR
2026-08-0510-QQuarterly report
2026-08-058-KEarnings release
2026-06-03DEF 14AProxy statement
2026-05-2110-KAnnual report
2026-05-068-KEarnings release
2026-02-0310-QQuarterly report
2026-02-038-KEarnings release
2025-11-0410-QQuarterly report
2025-11-048-KEarnings release
2025-08-0510-QQuarterly report

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