NASDAQ : CRUS
Cirrus Logic, Inc. — Financial statements
Technology · Semiconductors · United States
Last price 113.71 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 5.70B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Cirrus Logic, Inc. (CRUS) reported revenue of 2.05B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 2.05B | 2.00B | 1.90B | 1.79B | 1.90B | 1.78B |
| Cost of Revenue | 967.83M | 943.21M | 900.04M | 872.82M | 940.64M | 857.82M |
| Gross Profit | 1.08B | 1.05B | 996.04M | 916.07M | 956.98M | 923.64M |
| Selling, General & Admin | 163.50M | 159.84M | 151.00M | 144.17M | 153.14M | 151.00M |
| Research & Development | 446.07M | 433.95M | 434.68M | 426.48M | 458.41M | 406.31M |
| Operating Expenses | 609.58M | 593.79M | 585.68M | 570.65M | 611.56M | 557.30M |
| Operating Income | 472.42M | 460.38M | 410.36M | 345.43M | 345.42M | 366.34M |
| Interest Expense | -1.00M | -898.00K | -898.00K | -915.00K | -898.00K | -948.00K |
| Interest & Investment Income | 39.30M | 37.74M | 33.98M | 21.49M | 9.98M | 1.56M |
| Currency Exchange Gain (Loss) | -814.00K | 749.00K | -2.00K | -431.00K | -564.00K | -283.00K |
| Other Non Operating Income (Expenses) | 352.00K | -1.24M | 1.47M | 323.00K | -2.81M | 1.99M |
| EBT Excluding Unusual Items | 510.26M | 496.73M | 444.91M | 365.89M | 351.13M | 368.66M |
| Merger & Restructuring Charges | -1.96M | -10.63M | ||||
| Asset Writedown | -85.76M | |||||
| Pretax Income | 510.26M | 496.73M | 444.91M | 363.94M | 254.74M | 368.66M |
| Income Tax Expense | 79.70M | 82.33M | 113.41M | 89.36M | 78.04M | 42.31M |
| Net Income | 430.56M | 414.41M | 331.51M | 274.57M | 176.70M | 326.36M |
| Net Income to Common | 430.56M | 414.41M | 331.51M | 274.57M | 176.70M | 326.36M |
| Shares Outstanding (Basic) | 50.84M | 51.14M | 53.13M | 54.29M | 55.61M | 57.28M |
| Shares Outstanding (Diluted) | 52.58M | 52.82M | 55.24M | 56.02M | 57.23M | 59.14M |
| EPS (Basic) | 8.47 | 8.10 | 6.24 | 5.06 | 3.18 | 5.70 |
| EPS (Diluted) | 8.19 | 7.85 | 6.00 | 4.90 | 3.09 | 5.52 |
| Free Cash Flow | 572.10M | 636.61M | 421.59M | 384.02M | 304.48M | 98.61M |
| Free Cash Flow Per Share | 10.88 | 12.05 | 7.63 | 6.86 | 5.32 | 1.67 |
| Gross Margin | 52.79% | 52.78% | 52.53% | 51.21% | 50.43% | 51.85% |
| Operating Margin | 23.05% | 23.05% | 21.64% | 19.31% | 18.20% | 20.56% |
| Profit Margin | 21.00% | 20.75% | 17.48% | 15.35% | 9.31% | 18.32% |
| Free Cash Flow Margin | 27.91% | 31.87% | 22.23% | 21.47% | 16.05% | 5.54% |
| EBITDA | 524.71M | 512.68M | 461.31M | 393.72M | 416.62M | 428.40M |
| EBITDA Margin | 25.60% | 25.67% | 24.33% | 22.01% | 21.95% | 24.05% |
| D&A For EBITDA | 52.28M | 52.30M | 50.95M | 48.29M | 71.20M | 62.06M |
| EBIT | 472.42M | 460.38M | 410.36M | 345.43M | 345.42M | 366.34M |
| EBIT Margin | 23.05% | 23.05% | 21.64% | 19.31% | 18.20% | 20.56% |
| Effective Tax Rate | 15.62% | 16.57% | 25.49% | 24.55% | 30.63% | 11.48% |
| Advertising Expenses | 500.00K | 900.00K |
Balance sheet
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 810.67M | 800.93M | 539.62M | 502.76M | 445.78M | 369.81M |
| Short-Term Investments | 80.60M | 86.70M | 56.16M | 23.78M | 34.98M | 10.60M |
| Cash & Short-Term Investments | 891.26M | 887.63M | 595.78M | 526.54M | 480.76M | 380.42M |
| Receivables | 253.97M | 220.15M | 216.01M | 162.48M | 150.47M | 240.26M |
| Inventory | 262.75M | 240.87M | 299.09M | 227.25M | 233.45M | 138.44M |
| Prepaid Expenses | 44.45M | 47.59M | 48.24M | 48.05M | 96.14M | 40.82M |
| Other Current Assets | 21.04M | 37.47M | 80.62M | 141.88M | 57.03M | 40.08M |
| Total Current Assets | 1.47B | 1.43B | 1.24B | 1.11B | 1.02B | 840.01M |
| Property, Plant & Equipment | 266.91M | 264.65M | 286.59M | 308.46M | 291.12M | 328.08M |
| Long-Term Investments | 276.06M | 266.16M | 239.04M | 173.37M | 36.51M | 63.75M |
| Goodwill | 435.94M | 435.94M | 435.94M | 435.94M | 435.94M | 435.79M |
| Other Intangible Assets | 19.17M | 20.73M | 27.46M | 29.58M | 38.88M | 158.15M |
| Long-Term Deferred Tax Assets | 54.44M | 49.82M | 48.15M | 48.65M | 35.58M | 11.07M |
| Other Long-Term Assets | 34.30M | 18.37M | 50.17M | 129.38M | 208.09M | 286.55M |
| Total Assets | 2.56B | 2.49B | 2.33B | 2.23B | 2.06B | 2.12B |
| Accounts Payable | 78.09M | 80.64M | 63.16M | 55.55M | 81.46M | 115.42M |
| Accrued Expenses | 73.36M | 71.91M | 83.47M | 78.34M | 74.13M | 81.99M |
| Current Portion of Leases | 20.76M | 19.87M | 21.81M | 20.64M | 18.44M | 14.68M |
| Other Current Liabilities | 22.09M | 22.23M | 26.75M | 31.87M | 42.31M | 52.70M |
| Total Current Liabilities | 194.30M | 194.66M | 195.19M | 186.39M | 216.34M | 264.78M |
| Long-Term Leases | 109.70M | 114.11M | 121.91M | 134.58M | 122.63M | 163.16M |
| Other Long-Term Liabilities | 67.15M | 52.62M | 60.53M | 93.59M | 66.71M | 95.64M |
| Total Liabilities | 371.15M | 361.38M | 377.62M | 414.56M | 405.68M | 523.58M |
| Common Stock | 50.00K | 51.00K | 52.00K | 53.00K | 55.00K | 57.00K |
| Additional Paid-In Capital | 1.97B | 1.95B | 1.86B | 1.76B | 1.67B | 1.58B |
| Retained Earnings | 224.21M | 184.88M | 90.35M | 58.92M | -9.32M | 23.43M |
| Comprehensive Income & Other | -2.96M | -2.84M | -1.18M | -2.60M | -2.54M | -2.04M |
| Shareholders' Equity | 2.19B | 2.13B | 1.95B | 1.82B | 1.66B | 1.60B |
| Total Liabilities & Equity | 2.56B | 2.49B | 2.33B | 2.23B | 2.06B | 2.12B |
| Total Debt | 130.46M | 133.98M | 143.72M | 155.22M | 141.07M | 177.84M |
| Net Cash (Debt) | 1.04B | 1.02B | 691.10M | 544.70M | 376.20M | 266.32M |
| Net Cash Per Share | 19.72 | 19.31 | 12.51 | 9.72 | 6.57 | 4.50 |
| Filing Date Shares Outstanding | 50.12M | 50.58M | 51.56M | 53.57M | 54.81M | 56.11M |
| Total Common Shares Outstanding | 50.45M | 50.60M | 52.29M | 53.49M | 55.10M | 56.60M |
| Working Capital | 1.28B | 1.24B | 1.04B | 919.80M | 801.52M | 575.23M |
| Book Value Per Share | 43.40 | 42.06 | 37.28 | 33.97 | 30.10 | 28.27 |
| Tangible Book Value | 1.73B | 1.67B | 1.49B | 1.35B | 1.18B | 1.01B |
| Tangible Book Value Per Share | 34.37 | 33.03 | 28.42 | 25.27 | 21.48 | 17.77 |
| Land | 23.85M | 23.85M | 23.85M | 23.85M | 23.85M | |
| Buildings | 64.17M | 64.15M | 64.06M | 64.06M | 63.73M | |
| Machinery | 249.39M | 238.44M | 231.46M | 212.31M | 200.09M | |
| Construction In Progress | 370.00K | 734.00K | 9.00K | 14.35M | 5.57M | |
| Leasehold Improvements | 81.61M | 80.68M | 81.12M | 55.73M | 53.61M |
Cash flow statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 430.56M | 414.41M | 331.51M | 274.57M | 176.70M | 326.36M |
| Depreciation & Amortization | 52.28M | 52.30M | 50.95M | 48.29M | 71.20M | 62.06M |
| Loss (Gain) From Sale of Assets | 382.00K | 76.00K | 656.00K | 642.00K | ||
| Asset Writedown & Restructuring Costs | -67.00K | 1.96M | 96.39M | |||
| Stock-Based Compensation | 81.59M | 81.81M | 84.15M | 89.27M | 81.64M | 66.39M |
| Other Operating Activities | 195.00K | -1.31M | 748.00K | -10.94M | -31.41M | -14.63M |
| Change in Accounts Receivable | -39.89M | -4.14M | -53.53M | -12.77M | 89.79M | -124.83M |
| Change in Inventory | 16.24M | 58.22M | -71.84M | 6.20M | -95.01M | 42.50M |
| Change in Accounts Payable | 18.31M | 17.48M | 9.15M | -23.94M | -34.31M | 10.53M |
| Change in Income Taxes | -15.70M | -12.94M | 15.58M | 15.11M | -6.02M | -804.00K |
| Change in Other Net Operating Assets | 55.07M | 44.77M | 77.28M | 33.84M | -10.07M | -243.47M |
| Operating Cash Flow | 598.60M | 650.60M | 444.37M | 421.67M | 339.57M | 124.75M |
| Capital Expenditures | -26.49M | -13.99M | -22.78M | -37.65M | -35.09M | -26.14M |
| Cash Acquisitions | -276.88M | |||||
| Sale (Purchase) of Intangibles | -1.08M | -848.00K | -5.98M | -695.00K | -1.62M | -3.87M |
| Investment in Securities | -60.73M | -60.28M | -95.53M | -124.67M | 3.38M | 288.52M |
| Investing Cash Flow | -88.30M | -75.12M | -124.28M | -163.01M | -33.33M | -18.37M |
| Issuance of Common Stock | 4.81M | 3.87M | 15.43M | 3.33M | 10.14M | 13.22M |
| Repurchase of Common Stock | -251.26M | -318.03M | -298.66M | -205.01M | -209.46M | -190.23M |
| Other Financing Activities | -2.06M | -30.95M | -1.72M | |||
| Financing Cash Flow | -248.50M | -314.17M | -283.23M | -201.68M | -230.27M | -178.73M |
| Net Cash Flow | 261.80M | 261.31M | 36.86M | 56.98M | 75.97M | -72.35M |
| Free Cash Flow | 572.10M | 636.61M | 421.59M | 384.02M | 304.48M | 98.61M |
| Free Cash Flow Margin | 27.91% | 31.87% | 22.23% | 21.47% | 16.05% | 5.54% |
| Free Cash Flow Per Share | 10.88 | 12.05 | 7.63 | 6.86 | 5.32 | 1.67 |
| Levered Free Cash Flow | 451.00M | 505.73M | 305.58M | 239.84M | 201.76M | 262.94M |
| Unlevered Free Cash Flow | 451.62M | 506.29M | 306.14M | 240.41M | 202.32M | 263.53M |
| Cash Interest Paid | 532.00K | 532.00K | 404.00K | 658.00K | 537.00K | 572.00K |
| Cash Income Tax Paid | 49.62M | 49.62M | 51.71M | 43.38M | 91.95M | 35.69M |
| Change in Working Capital | 34.03M | 103.39M | -23.37M | 18.45M | -55.62M | -316.06M |
Ratios
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.50B | 7.31B | 5.29B | 4.99B | 5.83B | 5.02B |
| Enterprise Value | 4.47B | 6.37B | 4.62B | 4.56B | 5.48B | 4.93B |
| Last Close Price | 109.82 | 143.39 | 99.51 | 92.56 | 105.59 | 87.69 |
| PE Ratio | 13.40 | 17.65 | 15.95 | 18.18 | 33.02 | 15.39 |
| Forward PE | 13.43 | 15.53 | 14.83 | 16.54 | 17.91 | 14.50 |
| PS Ratio | 2.69 | 3.66 | 2.79 | 2.79 | 3.08 | 2.82 |
| PB Ratio | 2.53 | 3.44 | 2.71 | 2.75 | 3.52 | 3.14 |
| P/TBV Ratio | 3.17 | 4.38 | 3.56 | 3.69 | 4.93 | 4.99 |
| P/FCF Ratio | 9.62 | 11.49 | 12.54 | 13.00 | 19.16 | 50.94 |
| P/OCF Ratio | 9.19 | 11.24 | 11.90 | 11.84 | 17.18 | 40.26 |
| PEG Ratio | 2.22 | 4.36 | 8.07 | 4.05 | 1.45 | |
| EV/Sales Ratio | 2.18 | 3.19 | 2.44 | 2.55 | 2.89 | 2.77 |
| EV/EBITDA Ratio | 8.51 | 12.42 | 10.01 | 11.59 | 13.16 | 11.51 |
| EV/EBIT Ratio | 9.46 | 13.84 | 11.25 | 13.21 | 15.88 | 13.46 |
| EV/FCF Ratio | 7.81 | 10.01 | 10.96 | 11.88 | 18.01 | 50.01 |
| Debt / Equity Ratio | 0.06 | 0.06 | 0.07 | 0.09 | 0.09 | 0.11 |
| Debt / EBITDA Ratio | 0.24 | 0.25 | 0.29 | 0.37 | 0.32 | 0.40 |
| Debt / FCF Ratio | 0.23 | 0.21 | 0.34 | 0.40 | 0.46 | 1.80 |
| Net Debt / Equity Ratio | -0.47 | -0.48 | -0.35 | -0.30 | -0.23 | -0.17 |
| Net Debt / EBITDA Ratio | -1.98 | -1.99 | -1.50 | -1.38 | -0.90 | -0.62 |
| Net Debt / FCF Ratio | -1.81 | -1.60 | -1.64 | -1.42 | -1.24 | -2.70 |
| Asset Turnover | 0.84 | 0.83 | 0.83 | 0.83 | 0.91 | 0.90 |
| Inventory Turnover | 3.57 | 3.49 | 3.42 | 3.79 | 5.06 | 5.50 |
| Quick Ratio | 5.89 | 5.69 | 4.16 | 3.70 | 2.92 | 2.34 |
| Current Ratio | 7.58 | 7.37 | 6.35 | 5.93 | 4.71 | 3.17 |
| Return on Equity (ROE) | 20.90% | 20.33% | 17.60% | 15.80% | 10.85% | 21.84% |
| Return on Assets (ROA) | 12.16% | 11.95% | 11.25% | 10.05% | 10.31% | 11.58% |
| Return on Invested Capital (ROIC) | 28.45% | 26.75% | 20.78% | 18.86% | 17.64% | 26.68% |
| Return on Capital Employed (ROCE) | 20.00% | 20.10% | 19.20% | 16.90% | 18.70% | 19.70% |
| Earnings Yield | 7.46% | 5.67% | 6.27% | 5.50% | 3.03% | 6.50% |
| FCF Yield | 10.39% | 8.70% | 7.97% | 7.69% | 5.22% | 1.96% |
| Buyback Yield / Dilution | 3.79% | 4.38% | 1.39% | 2.11% | 3.24% | 1.53% |