13 years of historical data (2013–2025) · Technology · Semiconductors
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Qorvo, Inc. trades at 142.9x earnings, 114% above its 5-year average of 66.8x, sitting at the 100th percentile of its historical range. Compared to the Technology sector median P/E of 25.2x, the stock trades at a premium of 467%. On a free-cash-flow basis, the stock trades at 15.8x P/FCF, roughly in line with the 5-year average of 16.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $7.7B | $6.8B | $11.2B | $10.5B | $13.8B | $21.2B | $9.6B | $9.1B | $8.9B | $8.7B | $7.2B |
| Enterprise Value | $8.2B | $7.4B | $12.2B | $11.7B | $14.9B | $21.5B | $10.5B | $9.3B | $9.0B | $9.2B | $7.7B |
| P/E Ratio → | 142.93 | 123.28 | — | 101.57 | 13.40 | 28.91 | 28.82 | 68.31 | — | — | — |
| P/S Ratio | 2.07 | 1.84 | 2.97 | 2.93 | 2.98 | 5.28 | 2.97 | 2.96 | 3.01 | 2.87 | 2.74 |
| P/B Ratio | 2.33 | 2.01 | 3.15 | 2.68 | 3.04 | 4.58 | 2.24 | 2.10 | 1.87 | 1.78 | 1.43 |
| P/FCF | 15.85 | 14.08 | 15.87 | 15.29 | 16.56 | 19.01 | 12.32 | 15.50 | 15.35 | 38.89 | 19.22 |
| P/OCF | 12.34 | 10.97 | 13.45 | 12.41 | 13.19 | 16.28 | 10.18 | 11.27 | 10.49 | 11.22 | 10.40 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Qorvo, Inc.'s enterprise value stands at 20.9x EBITDA, 9% above its 5-year average of 19.2x. The Technology sector median is 15.7x, placing the stock at a 33% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.98 | 3.23 | 3.28 | 3.21 | 5.37 | 3.24 | 3.02 | 3.03 | 3.02 | 2.96 |
| EV / EBITDA | 20.92 | 18.74 | 29.47 | 22.42 | 9.40 | 15.81 | 11.75 | 10.62 | 117.36 | 11.56 | 11.23 |
| EV / EBIT | 85.93 | 50.98 | 85.16 | 60.61 | 11.99 | 24.41 | 23.02 | 68.84 | 117.36 | 106.27 | 377.30 |
| EV / FCF | — | 15.17 | 17.23 | 17.10 | 17.85 | 19.33 | 13.42 | 15.85 | 15.45 | 40.87 | 20.73 |
Margins and return-on-capital ratios measuring operating efficiency
Qorvo, Inc. earns an operating margin of 2.6%. Operating margins have compressed from 5.1% to 2.6% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 1.6% is modest. ROIC of 1.7% represents below-average returns on invested capital.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 41.3% | 41.3% | 39.5% | 36.3% | 49.2% | 46.9% | 40.8% | 38.7% | 38.6% | 37.4% | 40.2% |
| Operating Margin | 2.6% | 2.6% | 2.4% | 5.1% | 26.4% | 22.6% | 13.1% | 7.0% | -21.4% | 2.9% | 0.5% |
| Net Profit Margin | 1.5% | 1.5% | -1.9% | 2.9% | 22.2% | 18.3% | 10.3% | 4.3% | -1.4% | -0.5% | -1.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 1.6% | 1.6% | -1.9% | 2.4% | 22.5% | 16.4% | 7.7% | 2.9% | -0.8% | -0.3% | -0.5% |
| ROA | 0.9% | 0.9% | -1.1% | 1.5% | 14.0% | 10.6% | 5.4% | 2.2% | -0.6% | -0.3% | -0.4% |
| ROIC | 1.7% | 1.7% | 1.4% | 2.6% | 17.3% | 13.4% | 6.5% | 3.5% | -9.4% | 1.2% | 0.2% |
| ROCE | 1.8% | 1.8% | 1.6% | 2.8% | 18.3% | 14.4% | 7.4% | 3.8% | -10.6% | 1.4% | 0.2% |
Solvency and debt-coverage ratios — lower is generally safer
Qorvo, Inc. carries a Debt/EBITDA ratio of 3.9x, which is moderately leveraged (33% above the sector average of 3.0x). Net debt stands at $528M ($1.5B total debt minus $1.0B cash). Interest coverage of just 1.2x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.46 | 0.46 | 0.56 | 0.52 | 0.45 | 0.38 | 0.37 | 0.21 | 0.21 | 0.20 | 0.20 |
| Debt / EBITDA | 3.95 | 3.95 | 4.82 | 3.92 | 1.29 | 1.28 | 1.76 | 1.05 | 12.82 | 1.25 | 1.44 |
| Net Debt / Equity | — | 0.16 | 0.27 | 0.32 | 0.24 | 0.08 | 0.20 | 0.05 | 0.01 | 0.09 | 0.11 |
| Net Debt / EBITDA | 1.35 | 1.35 | 2.32 | 2.37 | 0.68 | 0.26 | 0.96 | 0.24 | 0.75 | 0.56 | 0.82 |
| Debt / FCF | — | 1.09 | 1.36 | 1.81 | 1.29 | 0.31 | 1.10 | 0.36 | 0.10 | 1.98 | 1.51 |
| Interest Coverage | 1.22 | 1.22 | 1.32 | 2.68 | 19.36 | 12.06 | 7.01 | 4.92 | -10.71 | 1.50 | 0.51 |
Short-term solvency ratios and asset-utilisation metrics
Qorvo, Inc.'s current ratio of 2.77x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.95x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 3.65x to 2.77x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.77 | 2.77 | 1.99 | 3.65 | 3.63 | 3.64 | 3.14 | 3.87 | 4.18 | 3.49 | 4.04 |
| Quick Ratio | 1.95 | 1.95 | 1.41 | 2.22 | 2.51 | 2.90 | 2.18 | 2.69 | 3.11 | 2.46 | 2.89 |
| Cash Ratio | 1.30 | 1.30 | 0.84 | 1.46 | 1.44 | 2.05 | 1.33 | 1.63 | 2.10 | 1.30 | 1.64 |
| Asset Turnover | — | 0.63 | 0.58 | 0.53 | 0.62 | 0.56 | 0.49 | 0.53 | 0.47 | 0.46 | 0.40 |
| Inventory Turnover | 3.41 | 3.41 | 3.21 | 2.85 | 3.12 | 4.20 | 3.71 | 3.70 | 3.87 | 4.41 | 3.65 |
| Days Sales Outstanding | — | 39.04 | 41.38 | 33.85 | 47.22 | 44.07 | 43.07 | 47.26 | 47.96 | 50.94 | 50.85 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Qorvo, Inc. returns 4.6% to shareholders annually primarily through share buybacks. The earnings yield of 0.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.7% | 0.8% | — | 1.0% | 7.5% | 3.5% | 3.5% | 1.5% | — | — | — |
| FCF Yield | 6.3% | 7.1% | 6.3% | 6.5% | 6.0% | 5.3% | 8.1% | 6.5% | 6.5% | 2.6% | 5.2% |
| Buyback Yield | 4.6% | 5.2% | 3.6% | 8.2% | 8.3% | 2.4% | 5.4% | 7.0% | 2.5% | 2.4% | 18.2% |
| Total Shareholder Yield | 4.6% | 5.2% | 3.6% | 8.2% | 8.3% | 2.4% | 5.4% | 7.0% | 2.5% | 2.4% | 18.2% |
| Shares Outstanding | — | $95M | $98M | $103M | $112M | $116M | $119M | $127M | $127M | $127M | $142M |
Compare QRVO with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| QRVOYou | $8B | 142.9 | 20.9 | 15.8 | 41.3% | 2.6% | 1.6% | 1.7% | 3.9 |
| AVGO | $1.5T | 67.0 | 44.1 | 56.3 | 67.8% | 39.9% | 31.0% | 14.9% | 1.8 |
| TXN | $193B | 38.9 | 25.3 | 74.0 | 57.0% | 34.1% | 30.1% | 16.6% | 1.8 |
| ADI | $174B | 78.0 | 36.5 | 40.6 | 61.5% | 26.6% | 6.6% | 5.4% | 1.8 |
| QCOM | $153B | 28.4 | 11.6 | 11.9 | 55.4% | 27.9% | 23.3% | 29.1% | 1.2 |
| MRVL | $71B | -80.1 | 116.5 | 50.9 | 41.3% | -12.5% | -6.3% | -3.1% | 6.8 |
| NXPI | $57B | 28.6 | 16.0 | 23.6 | 54.4% | 27.0% | 20.2% | 13.5% | 3.0 |
| MCHP | $40B | -9999.0 | 43.1 | 52.1 | 56.1% | 6.7% | -0.0% | 1.8% | 5.4 |
| STM | $30B | 20.2 | 9.0 | — | 39.3% | 12.6% | 9.0% | 7.1% | 0.9 |
| ALAB | $20B | 97.4 | 111.3 | 71.8 | 75.7% | 20.3% | 18.8% | 12.5% | — |
| MTSI | $19B | -339.9 | 98.7 | 96.5 | 54.9% | 13.4% | -4.4% | 6.0% | 2.8 |
| Technology Median | — | 25.2 | 15.7 | 17.3 | 49.8% | -0.9% | 1.1% | 2.9% | 3.0 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 13 years · Updated daily
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Start ComparisonQorvo, Inc.'s current P/E ratio is 142.9x. The historical average is 60.7x. This places it at the 100th percentile of its historical range.
Qorvo, Inc.'s current EV/EBITDA is 20.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 17.5x.
Qorvo, Inc.'s return on equity (ROE) is 1.6%. The historical average is 3.8%.
Based on historical data, Qorvo, Inc. is trading at a P/E of 142.9x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Qorvo, Inc. has 41.3% gross margin and 2.6% operating margin.
Qorvo, Inc.'s Debt/EBITDA ratio is 3.9x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.