NYSE : ADT
ADT Inc. — Financial statements
Industrials · Security & Protection Services · United States
Last price 9.87 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 7.21B
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Financial statements
ADT Inc. (ADT) reported revenue of 5.16B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 5.16B | 5.13B | 4.90B | 4.65B | 4.38B | 4.20B |
| Cost of Revenue | 999.07M | 982.97M | 847.11M | 751.68M | 698.78M | 772.78M |
| Gross Profit | 4.17B | 4.15B | 4.05B | 3.90B | 3.68B | 3.43B |
| Selling, General & Admin | 1.47B | 1.44B | 1.48B | 1.35B | 1.35B | 1.54B |
| Operating Expenses | 2.85B | 2.81B | 2.82B | 2.68B | 2.95B | 3.38B |
| Operating Income | 1.31B | 1.33B | 1.23B | 1.22B | 735.03M | 48.95M |
| Interest Expense | -438.42M | -474.73M | -459.03M | -586.43M | -263.07M | -456.82M |
| Earnings From Equity Investments | 6.57M | -4.60M | ||||
| Other Non Operating Income (Expenses) | 18.52M | 18.49M | 70.94M | 28.47M | -57.57M | 8.31M |
| EBT Excluding Unusual Items | 894.24M | 877.83M | 844.10M | 666.53M | 409.79M | -399.56M |
| Merger & Restructuring Charges | -39.16M | |||||
| Impairment of Goodwill | -12.02M | -12.02M | ||||
| Other Unusual Items | -25.55M | -32.00M | -28.93M | -55.58M | -9.94M | -37.11M |
| Pretax Income | 856.67M | 833.81M | 815.17M | 610.96M | 399.86M | -475.83M |
| Income Tax Expense | 242.44M | 233.29M | 195.78M | 160.59M | 87.69M | -131.66M |
| Earnings From Continuing Operations | 614.23M | 600.52M | 619.39M | 450.37M | 312.17M | -344.18M |
| Earnings From Discontinued Operations | -1.48M | -4.57M | -118.34M | 12.64M | -179.50M | 3.36M |
| Net Income | 612.75M | 595.95M | 501.05M | 463.01M | 132.66M | -340.82M |
| Net Income to Common | 612.75M | 595.95M | 501.05M | 463.01M | 132.66M | -340.82M |
| Shares Outstanding (Basic) | 802.62M | 832.57M | 901.27M | 911.59M | 903.21M | 825.37M |
| Shares Outstanding (Diluted) | 864.91M | 895.92M | 963.45M | 973.89M | 969.81M | 825.37M |
| EPS (Basic) | 0.76 | 0.72 | 0.56 | 0.51 | 0.15 | -0.41 |
| EPS (Diluted) | 0.72 | 0.68 | 0.53 | 0.48 | 0.14 | -0.41 |
| Free Cash Flow | 1.61B | 1.31B | 1.20B | 850.84M | 976.62M | 786.80M |
| Free Cash Flow Per Share | 1.87 | 1.47 | 1.24 | 0.87 | 1.01 | 0.95 |
| Dividend Per Share | 0.22 | 0.22 | 0.22 | 0.14 | 0.14 | 0.14 |
| Gross Margin | 80.66% | 80.83% | 82.71% | 83.84% | 84.05% | 81.61% |
| Operating Margin | 25.44% | 26.01% | 25.16% | 26.18% | 16.77% | 1.17% |
| Profit Margin | 11.86% | 11.62% | 10.23% | 9.95% | 3.03% | -8.11% |
| Free Cash Flow Margin | 31.25% | 25.59% | 24.46% | 18.29% | 22.29% | 18.72% |
| EBITDA | 2.70B | 2.70B | 2.58B | 2.61B | 2.43B | 1.96B |
| EBITDA Margin | 52.19% | 52.67% | 52.61% | 56.02% | 55.42% | 46.73% |
| D&A For EBITDA | 1.38B | 1.37B | 1.34B | 1.39B | 1.69B | 1.91B |
| EBIT | 1.31B | 1.33B | 1.23B | 1.22B | 735.03M | 48.95M |
| EBIT Margin | 25.44% | 26.01% | 25.16% | 26.18% | 16.77% | 1.17% |
| Effective Tax Rate | 28.30% | 27.98% | 24.02% | 26.28% | 21.93% | |
| Revenue as Reported | 5.16B | 5.13B | 4.90B | 4.65B | 4.38B | 4.20B |
| Advertising Expenses | 146.00M | 235.00M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 3.88M | 80.82M | 96.21M | 14.62M | 257.22M | 24.45M |
| Trading Asset Securities | 32.13M | 38.26M | 56.16M | 74.97M | 78.11M | |
| Cash & Short-Term Investments | 36.01M | 119.08M | 152.38M | 89.59M | 335.33M | 24.45M |
| Accounts Receivable | 400.89M | 413.67M | 412.68M | 385.57M | 367.05M | 500.61M |
| Other Receivables | 26.76M | 73.20M | 15.96M | 121.22M | 23.21M | |
| Receivables | 427.64M | 486.87M | 428.64M | 385.57M | 488.28M | 523.82M |
| Inventory | 183.66M | 201.78M | 196.73M | 201.39M | 237.33M | 347.85M |
| Prepaid Expenses | 42.33M | 52.99M | 53.04M | 47.67M | 26.14M | 30.37M |
| Restricted Cash | 24.16M | 27.72M | 107.85M | 115.33M | 116.36M | 8.82M |
| Other Current Assets | 50.56M | 57.11M | 66.29M | 165.14M | 518.55M | 57.21M |
| Total Current Assets | 764.36M | 945.55M | 1.00B | 1.00B | 1.72B | 992.53M |
| Property, Plant & Equipment | 3.06B | 3.12B | 3.31B | 3.35B | 3.32B | 3.36B |
| Long-Term Investments | 31.08M | 3.72M | 54.10M | 76.49M | 105.41M | |
| Goodwill | 4.99B | 4.89B | 4.90B | 4.90B | 5.43B | 5.94B |
| Other Intangible Assets | 4.81B | 4.82B | 4.85B | 4.88B | 4.93B | 5.41B |
| Long-Term Accounts Receivable | 393.07M | 417.42M | 430.75M | 449.91M | 376.92M | 266.28M |
| Long-Term Deferred Charges | 1.51B | 1.45B | 1.32B | 1.18B | 990.67M | 850.49M |
| Other Long-Term Assets | 182.37M | 178.22M | 169.70M | 130.46M | 951.07M | 70.72M |
| Total Assets | 15.74B | 15.82B | 16.05B | 15.96B | 17.82B | 16.89B |
| Accounts Payable | 191.62M | 106.98M | 153.54M | 277.20M | 417.86M | 474.98M |
| Accrued Expenses | 370.30M | 273.61M | 377.02M | 411.61M | 655.20M | 649.53M |
| Current Portion of Long-Term Debt | 212.18M | 288.57M | 171.66M | 291.63M | 823.40M | 129.22M |
| Current Portion of Leases | 48.15M | 39.52M | 44.40M | 38.78M | 54.96M | 76.09M |
| Current Unearned Revenue | 245.14M | 243.72M | 247.78M | 255.22M | 309.91M | 373.53M |
| Other Current Liabilities | 40.59M | 60.55M | 269.37M | 205.77M | 399.77M | |
| Total Current Liabilities | 1.11B | 1.01B | 1.26B | 1.48B | 2.66B | 1.70B |
| Long-Term Debt | 7.42B | 7.36B | 7.47B | 7.47B | 8.91B | 9.59B |
| Long-Term Leases | 107.38M | 106.38M | 121.73M | 123.92M | 121.67M | 154.08M |
| Long-Term Unearned Revenue | 2.06B | 2.08B | 2.07B | 1.91B | 1.58B | 1.20B |
| Long-Term Deferred Tax Liabilities | 1.30B | 1.27B | 1.17B | 1.03B | 892.99M | 867.20M |
| Other Long-Term Liabilities | 269.21M | 212.14M | 162.18M | 158.13M | 261.15M | 132.98M |
| Total Liabilities | 12.26B | 12.04B | 12.25B | 12.18B | 14.43B | 13.65B |
| Common Stock | 7.34M | 8.20M | 8.91M | 9.22M | 9.17M | 9.02M |
| Additional Paid-In Capital | 6.10B | 6.68B | 7.12B | 7.41B | 7.38B | 7.26B |
| Retained Earnings | -2.67B | -2.91B | -3.32B | -3.62B | -3.95B | -3.95B |
| Comprehensive Income & Other | 33.08M | -1.56M | -7.04M | -16.16M | -47.20M | -68.97M |
| Shareholders' Equity | 3.48B | 3.78B | 3.80B | 3.79B | 3.39B | 3.25B |
| Total Liabilities & Equity | 15.74B | 15.82B | 16.05B | 15.96B | 17.82B | 16.89B |
| Total Debt | 7.78B | 7.79B | 7.81B | 7.93B | 9.91B | 9.95B |
| Net Cash (Debt) | -7.75B | -7.67B | -7.65B | -7.84B | -9.57B | -9.92B |
| Net Cash Per Share | -8.96 | -8.56 | -7.94 | -8.05 | -9.87 | -12.02 |
| Filing Date Shares Outstanding | 730.56M | 820.12M | 876.50M | 922.31M | 917.04M | 911.06M |
| Total Common Shares Outstanding | 733.61M | 819.95M | 891.33M | 922.18M | 916.84M | 911.07M |
| Working Capital | -343.63M | -67.40M | -258.86M | -475.51M | -939.11M | -710.81M |
| Book Value Per Share | 4.74 | 4.61 | 4.26 | 4.11 | 3.70 | 3.57 |
| Tangible Book Value | -6.32B | -5.92B | -5.96B | -5.99B | -6.96B | -8.11B |
| Tangible Book Value Per Share | -8.62 | -7.23 | -6.68 | -6.50 | -7.60 | -8.90 |
| Land | 9.18M | 9.77M | 10.31M | 12.27M | 13.12M | |
| Buildings | 99.99M | 97.26M | 95.00M | 94.90M | 112.47M | |
| Machinery | 7.26B | 7.27B | 7.04B | 6.56B | 6.15B | 5.71B |
| Construction In Progress | 31.73M | 22.11M | 30.12M | 12.57M | 26.34M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 612.75M | 595.95M | 501.05M | 463.01M | 132.66M | -340.82M |
| Depreciation & Amortization | 1.38B | 1.37B | 1.34B | 1.39B | 1.69B | 1.91B |
| Other Amortization | 266.65M | 252.55M | 224.65M | 195.79M | 162.98M | 126.09M |
| Loss (Gain) From Sale of Assets | 9.56M | -649.10M | -10.07M | |||
| Asset Writedown & Restructuring Costs | 13.62M | 15.13M | 24.31M | 528.56M | 206.13M | 19.16M |
| Loss (Gain) From Sale of Investments | 46.73M | 71.44M | 45.16M | 38.50M | -301.85M | -157.50M |
| Stock-Based Compensation | 54.60M | 54.55M | 48.61M | 51.14M | 66.57M | 61.24M |
| Provision & Write-off of Bad Debts | 218.77M | 201.82M | 214.80M | 151.06M | 113.87M | 38.21M |
| Other Operating Activities | -122.21M | -125.06M | -235.91M | -66.66M | -26.64M | -125.40M |
| Change in Accounts Receivable | -143.67M | -143.67M | -146.13M | -107.46M | -178.26M | -50.21M |
| Change in Inventory | -67.39M | -84.02M | ||||
| Change in Accounts Payable | -51.82M | -51.82M | -109.33M | -111.53M | 8.66M | 98.12M |
| Change in Unearned Revenue | 207.69M | 224.78M | 252.27M | 289.53M | 329.21M | 276.84M |
| Change in Other Net Operating Assets | -326.42M | -578.76M | -288.84M | -513.79M | -241.53M | -126.76M |
| Operating Cash Flow | 2.16B | 1.88B | 1.88B | 1.66B | 1.89B | 1.65B |
| Capital Expenditures | -544.29M | -571.73M | -686.95M | -806.89M | -911.30M | -862.92M |
| Cash Acquisitions | -163.74M | -163.50M | ||||
| Divestitures | 50.56M | 50.56M | -17.51M | 1.61B | 26.75M | 1.81M |
| Sale (Purchase) of Intangibles | -504.49M | -596.48M | -585.81M | -588.64M | -621.70M | -675.12M |
| Other Investing Activities | -108.00K | -115.00K | -5.16M | 28.67M | -26.54M | 3.99M |
| Investing Cash Flow | -1.16B | -1.12B | -1.30B | 242.49M | -1.53B | -1.70B |
| Long-Term Debt Issued | 3.22B | 1.30B | 1.15B | 927.66M | 1.45B | |
| Long-Term Debt Repaid | -3.35B | -1.48B | -3.21B | -771.10M | -1.38B | |
| Net Debt Issued (Repaid) | -269.77M | -133.23M | -181.16M | -2.07B | 156.56M | 67.74M |
| Issuance of Common Stock | 1.18B | |||||
| Repurchase of Common Stock | -711.66M | -606.77M | -240.56M | -1.20B | ||
| Common Dividends Paid | -180.68M | -186.77M | -182.27M | -128.59M | -127.12M | -116.35M |
| Other Financing Activities | 41.70M | 64.86M | 88.62M | 50.58M | -24.27M | -79.84M |
| Financing Cash Flow | -1.12B | -861.91M | -515.36M | -2.14B | -14.83M | -128.45M |
| Net Cash Flow | -124.41M | -95.53M | 74.11M | -243.63M | 340.30M | -174.47M |
| Free Cash Flow | 1.61B | 1.31B | 1.20B | 850.84M | 976.62M | 786.80M |
| Free Cash Flow Margin | 31.25% | 25.59% | 24.46% | 18.29% | 22.29% | 18.72% |
| Free Cash Flow Per Share | 1.87 | 1.47 | 1.24 | 0.87 | 1.01 | 0.95 |
| Levered Free Cash Flow | 1.20B | 706.43M | 789.02M | 460.87M | 537.60M | 446.32M |
| Unlevered Free Cash Flow | 1.47B | 1.00B | 1.08B | 827.39M | 702.02M | 731.83M |
| Cash Income Tax Paid | 142.17M | 142.17M | 21.70M | 60.30M | 22.65M | 1.88M |
| Change in Working Capital | -314.21M | -549.46M | -292.03M | -443.25M | -149.31M | 113.97M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 7.20B | 6.62B | 6.27B | 6.29B | 8.29B | 6.99B |
| Enterprise Value | 14.95B | 14.41B | 13.94B | 15.72B | 18.13B | 16.83B |
| Last Close Price | 9.86 | 7.87 | 6.56 | 6.28 | 8.17 | 7.44 |
| PE Ratio | 13.65 | 11.10 | 12.51 | 13.58 | 62.45 | |
| Forward PE | 10.39 | 8.79 | 8.87 | 15.32 | 14.05 | 36.56 |
| PS Ratio | 1.39 | 1.29 | 1.28 | 1.35 | 1.89 | 1.66 |
| PB Ratio | 2.08 | 1.75 | 1.65 | 1.66 | 2.44 | 2.15 |
| P/FCF Ratio | 4.46 | 5.04 | 5.23 | 7.39 | 8.48 | 8.88 |
| P/OCF Ratio | 3.34 | 3.51 | 3.33 | 3.79 | 4.39 | 4.24 |
| PEG Ratio | 0.84 | 0.84 | 0.84 | 0.84 | 0.84 | |
| EV/Sales Ratio | 2.89 | 2.81 | 2.85 | 3.38 | 4.14 | 4.00 |
| EV/EBITDA Ratio | 5.55 | 5.34 | 5.41 | 6.03 | 7.46 | 8.57 |
| EV/EBIT Ratio | 11.38 | 10.80 | 11.31 | 12.90 | 24.66 | 343.88 |
| EV/FCF Ratio | 9.27 | 10.98 | 11.64 | 18.47 | 18.56 | 21.39 |
| Debt / Equity Ratio | 2.24 | 2.06 | 2.05 | 2.09 | 2.92 | 3.06 |
| Debt / EBITDA Ratio | 2.82 | 2.82 | 2.96 | 2.96 | 3.96 | 4.85 |
| Debt / FCF Ratio | 4.82 | 5.94 | 6.52 | 9.31 | 10.15 | 12.64 |
| Net Debt / Equity Ratio | 2.23 | 2.03 | 2.01 | 2.07 | 2.82 | 3.06 |
| Net Debt / EBITDA Ratio | 2.88 | 2.84 | 2.97 | 3.01 | 3.94 | 5.05 |
| Net Debt / FCF Ratio | 4.80 | 5.85 | 6.39 | 9.21 | 9.80 | 12.61 |
| Asset Turnover | 0.33 | 0.32 | 0.31 | 0.28 | 0.25 | 0.26 |
| Inventory Turnover | 5.41 | 4.93 | 4.26 | 3.43 | 2.39 | 2.74 |
| Quick Ratio | 0.42 | 0.60 | 0.46 | 0.32 | 0.31 | 0.32 |
| Current Ratio | 0.69 | 0.93 | 0.80 | 0.68 | 0.65 | 0.58 |
| Return on Equity (ROE) | 17.21% | 15.85% | 16.32% | 12.54% | 9.40% | -10.95% |
| Return on Assets (ROA) | 5.18% | 5.23% | 4.81% | 4.51% | 2.65% | 0.18% |
| Return on Invested Capital (ROIC) | 8.32% | 8.39% | 8.11% | 7.30% | 4.39% | 0.38% |
| Return on Capital Employed (ROCE) | 9.00% | 9.00% | 8.30% | 8.40% | 4.80% | 0.30% |
| Earnings Yield | 7.33% | 9.01% | 7.99% | 7.36% | 1.60% | -4.88% |
| FCF Yield | 22.40% | 19.84% | 19.11% | 13.53% | 11.79% | 11.25% |
| Dividend Yield | 2.23% | 2.73% | 3.13% | 2.05% | 1.55% | 1.82% |
| Payout Ratio | 30.45% | 31.34% | 36.38% | 27.77% | 95.83% | |
| Buyback Yield / Dilution | 7.45% | 7.01% | 1.07% | -0.42% | -17.50% | -6.03% |
| Total Shareholder Return | 9.68% | 9.74% | 4.20% | 1.63% | -15.95% | -4.21% |