Latest Ratios: P/E Ratio 21.4x · EV/EBITDA 10.3x · ROE 7.9%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $9.9B | $12.0B | $16.0B | $15.8B | $13.9B | $27.4B | $24.9B | $13.5B | $16.6B | $19.0B | $14.6B |
| Enterprise Value | $10.0B | $12.0B | $15.8B | $16.6B | $15.8B | $28.9B | $24.6B | $12.7B | $15.9B | $17.4B | $13.5B |
| P/E Ratio → | 21.41 | 25.03 | 26.79 | 16.08 | 10.92 | 18.27 | 30.59 | 15.84 | 18.11 | 18.84 | 14.70 |
| P/S Ratio | 2.43 | 2.93 | 3.82 | 3.31 | 2.54 | 5.36 | 7.43 | 4.00 | 4.30 | 5.21 | 4.45 |
| P/B Ratio | 1.78 | 2.08 | 2.52 | 2.60 | 2.55 | 5.17 | 5.99 | 3.28 | 4.06 | 4.68 | 4.13 |
| P/FCF | 8.97 | 10.81 | 9.57 | 9.75 | 15.22 | 24.44 | 30.95 | 14.32 | 20.03 | 16.46 | 16.24 |
| P/OCF | 7.62 | 9.19 | 8.75 | 8.51 | 9.77 | 15.45 | 20.71 | 9.89 | 13.18 | 12.93 | 13.35 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.94 | 3.78 | 3.48 | 2.88 | 5.66 | 7.32 | 3.75 | 4.11 | 4.77 | 4.12 |
| EV / EBITDA | 10.34 | 12.46 | 14.51 | 9.54 | 7.11 | 14.10 | 19.55 | 9.57 | 9.81 | 11.54 | 9.91 |
| EV / EBIT | 19.92 | 21.67 | 23.68 | 14.52 | 10.35 | 17.93 | 27.54 | 13.18 | 12.03 | 13.88 | 12.05 |
| EV / FCF | — | 10.85 | 9.47 | 10.24 | 17.24 | 25.81 | 30.47 | 13.42 | 19.15 | 15.06 | 15.04 |
Margins and return-on-capital ratios measuring operating efficiency
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 | 41.2% | 41.2% | 41.2% | 44.2% | 47.5% | 49.2% | 48.1% | 47.5% | 50.4% | 50.4% | 50.6% |
| Operating Margin | 12.2% | 12.2% | 15.3% | 23.6% | 27.8% | 31.6% | 26.6% | 28.2% | 34.1% | 34.3% | 34.0% |
| Net Profit Margin | 11.7% | 11.7% | 14.3% | 20.6% | 23.2% | 29.3% | 24.3% | 25.3% | 23.7% | 27.7% | 30.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.9% | 7.9% | 9.6% | 17.0% | 23.7% | 31.7% | 19.7% | 20.8% | 22.5% | 26.6% | 29.7% |
| ROA | 5.9% | 5.9% | 7.1% | 11.4% | 14.6% | 21.9% | 16.4% | 17.7% | 19.5% | 24.0% | 26.3% |
| ROIC | 6.3% | 6.3% | 7.3% | 11.9% | 16.2% | 22.8% | 19.0% | 21.5% | 34.0% | 38.3% | 36.7% |
| ROCE | 7.0% | 7.0% | 8.4% | 14.9% | 19.6% | 25.6% | 19.5% | 21.4% | 30.6% | 32.0% | 32.4% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.21 | 0.21 | 0.19 | 0.25 | 0.44 | 0.46 | 0.04 | — | — | — | — |
| Debt / EBITDA | 1.25 | 1.25 | 1.10 | 0.87 | 1.09 | 1.18 | 0.14 | — | — | — | — |
| Net Debt / Equity | — | 0.01 | -0.03 | 0.13 | 0.34 | 0.29 | -0.09 | -0.21 | -0.18 | -0.40 | -0.31 |
| Net Debt / EBITDA | 0.04 | 0.04 | -0.15 | 0.45 | 0.83 | 0.75 | -0.31 | -0.64 | -0.45 | -1.07 | -0.79 |
| Debt / FCF | — | 0.04 | -0.10 | 0.49 | 2.02 | 1.37 | -0.48 | -0.90 | -0.88 | -1.40 | -1.20 |
| Interest Coverage | 20.44 | 20.44 | 21.73 | 17.75 | 31.83 | 120.31 | — | — | — | — | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.33 | 2.33 | 5.54 | 3.33 | 2.63 | 4.35 | 5.17 | 5.97 | 5.80 | 6.79 | 9.52 |
| Quick Ratio | 1.76 | 1.76 | 4.24 | 2.16 | 1.64 | 3.01 | 3.37 | 4.34 | 4.55 | 5.52 | 7.51 |
| Cash Ratio | 1.04 | 1.04 | 2.59 | 0.77 | 0.48 | 1.55 | 2.17 | 2.82 | 2.64 | 4.17 | 5.16 |
| Asset Turnover | — | 0.52 | 0.50 | 0.57 | 0.62 | 0.59 | 0.66 | 0.70 | 0.80 | 0.80 | 0.85 |
| Inventory Turnover | 3.19 | 3.19 | 3.13 | 2.38 | 2.38 | 2.93 | 2.16 | 2.91 | 3.91 | 3.67 | 3.83 |
| Days Sales Outstanding | — | 53.42 | 44.45 | 66.10 | 72.79 | 54.02 | 38.99 | 50.29 | 61.88 | 45.45 | 46.23 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
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 | 4.2% | 3.6% | 2.8% | 2.6% | 2.7% | 1.2% | 1.2% | 2.0% | 1.5% | 1.1% | 1.4% |
| Payout Ratio | 90.7% | 90.7% | 73.7% | 41.2% | 29.3% | 22.7% | 37.7% | 32.1% | 26.5% | 21.2% | 20.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.7% | 4.0% | 3.7% | 6.2% | 9.2% | 5.5% | 3.3% | 6.3% | 5.5% | 5.3% | 6.8% |
| FCF Yield | 11.2% | 9.2% | 10.4% | 10.3% | 6.6% | 4.1% | 3.2% | 7.0% | 5.0% | 6.1% | 6.2% |
| Buyback Yield | 0.4% | 0.4% | 0.7% | 1.3% | 7.0% | 0.9% | 2.7% | 5.0% | 4.9% | 2.5% | 4.1% |
| Total Shareholder Yield | 4.7% | 4.0% | 3.5% | 3.9% | 9.7% | 2.2% | 4.0% | 7.1% | 6.3% | 3.7% | 5.5% |
| Shares Outstanding | — | $155M | $162M | $160M | $163M | $167M | $170M | $175M | $183M | $187M | $192M |
High Customer Concentration
According to current market data, Skyworks trades at a forward P/E of 13.62, which appears to reflect investor skepticism regarding the company's ability to return to growth compared to the higher-multiple, diversified analog peers that command significant premiums in the current semiconductor market environment.
The valuation gap between Skyworks and its peers suggests that the market is pricing in a permanent shift in the company's growth trajectory rather than a temporary cyclical trough. Investors should monitor whether the current P/S of 2.50 provides a sufficient margin of safety given the ongoing revenue contraction and the high dependency on a single smartphone OEM.
Based on reported financial figures, Skyworks' ROIC has deteriorated significantly to 0.6% in 2026Q2 from 2.9% in 2024Q1, indicating that the company's internal investments are currently failing to generate returns that exceed the cost of capital in this challenging, low-volume manufacturing environment.
This sharp decline in capital efficiency suggests that the company's high-fixed-cost fabrication model is struggling to maintain profitability as utilization rates fall. The inability to sustain historical ROIC levels implies that recent R&D and capital expenditures may not be yielding the expected competitive advantages in the current market cycle.
As reported in recent quarterly filings, the cash conversion cycle has expanded to 131 days in 2026Q2, driven largely by an elevated days inventory outstanding of 135, which suggests that the company is struggling to clear excess stock amidst softening demand for its core RF modules.
The lengthening of the cash conversion cycle indicates a potential mismatch between production schedules and actual end-market demand. This inefficiency ties up significant capital in inventory, which may necessitate future write-downs if product cycles continue to evolve faster than the company can liquidate its existing component holdings.
Investors frequently misapply the P/E ratio to Skyworks, as it obscures the impact of significant non-cash charges and stock-based compensation that artificially depress reported earnings, making the company appear cheaper than its underlying cash-generative capacity would suggest to a more diligent fundamental analyst.
Instead of relying on P/E, analysts should focus on EV/EBITDA or P/FCF to better understand the company's ability to generate cash after accounting for its capital-intensive manufacturing requirements. The current P/E multiple fails to account for the volatility inherent in the company's fixed-cost structure and the potential for future margin compression.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying SWKS stock.
Skyworks Solutions, Inc.'s current P/E ratio is 21.4x. The historical average is 24.3x. This places it at the 58th percentile of its historical range.
Skyworks Solutions, Inc.'s current EV/EBITDA is 10.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.3x.
Skyworks Solutions, Inc.'s return on equity (ROE) is 7.9%. The historical average is 9.7%.
Based on historical data, Skyworks Solutions, Inc. is trading at a P/E of 21.4x. This is at the 58th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Skyworks Solutions, Inc.'s current dividend yield is 4.23% with a payout ratio of 90.7%.
Skyworks Solutions, Inc. has 41.2% gross margin and 12.2% operating margin. Operating margin between 10-20% is typical for established companies.
Skyworks Solutions, Inc.'s Debt/EBITDA ratio is 1.2x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.