ADI vs AMD vs DLB Stock Comparison

Analog Devices, Advanced Micro Devices and Dolby Laboratories Prices as of Oct 26, 2026 Peers: Industry group
ADI Analog Devices Inc
$407.93 +3.6% 1M +71.4% 1Y
Market cap
$206.04B
P/E
49.8x
Revenue (TTM)
$13.88B
Div. yield
0.01%
Semiconductor Manufacturing Technology
2 wins
AMD Advanced Micro Devices Inc
$531.28 -15.8% 1M +110.1% 1Y
Market cap
$913.90B
P/E
142.0x
Revenue (TTM)
$41.31B
Div. yield
–
Semiconductor Design Technology
5 wins
DLB Dolby Laboratories, Inc.
$63.13 +7.7% 1M -6.3% 1Y
Market cap
$5.94B
P/E
26.2x
Revenue (TTM)
$1.35B
Div. yield
0.02%
Semiconductor EDA Software Technology
5 wins

Head to Head

12 decided of 12

Advanced Micro Devices leads on 5 of the 12 questions below (Advanced Micro Devices 5, Dolby Laboratories 5, Analog Devices 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionADIAMDDLBLeader
Larger companyMarket capitalisation $206.04B $913.90B $5.94B AMD
Cheaper on earningsLower P/E, profitable companies only 49.8x 142.0x 26.2x DLB
Cheaper on forward earningsLower price / next fiscal year consensus EPS 33.1x 72.0x 14.1x DLB
Faster revenue growthRevenue growth, trailing twelve months +33.6% +39.5% +0.6% AMD
More profitableNet margin, trailing twelve months 29.8% 15.6% 16.7% ADI
Better return on capitalReturn on invested capital 10.2% 8.0% — ADI
Less leveragedLower net debt / EBITDA 1.0x -1.0x — AMD
Higher dividend yieldTrailing dividend yield 0.01% 0.00% 0.02% DLB
Better 1-year returnPrice return, last 12 months +71.4% +110.1% -6.3% AMD
Better 5-year returnAnnualised price return, 5 years +19.1%/yr +34.2%/yr -6.4%/yr AMD
Less volatileAnnualised volatility, 1 year 36.5% 68.4% 30.3% DLB
Higher overall scoreMean of the five percentile scores vs peers 62/100 60/100 66/100 DLB

Percentile Scorecard

ADIAMDDLB

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisADIAMDDLB
Valuation 49 #49 of 95 28 #69 of 95 86 #14 of 95
Growth 78 #21 of 93 96 #5 of 93 27 #68 of 93
Profitability 83 #16 of 91 67 #31 of 91 71 #27 of 91
Financial Health 31 #70 of 101 68 #33 of 101 62 #39 of 101
Shareholder Returns 68 #25 of 75 41 #45 of 75 84 #13 of 75
Overall 62 60 66
  • ADI ranked among 104 companies in Semiconductors
  • AMD ranked among 104 companies in Semiconductors
  • DLB ranked among 104 companies in Semiconductors

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodADIAMDDLBSPY
1 month +3.6%-15.8%+7.7% -0.8%
3 months +9.7%+7.3%+23.1% +3.5%
6 months +3.9%+58.8%-0.8% +7.0%
Year to date +50.4%+148.1%-1.7% +12.2%
1 year +71.4%+110.1%-6.3% +13.0%
3 years +154.1%+450.9%-19.7% +86.3%
3 years, per year +36.5%+76.7%-7.1% +23.1%
5 years +139.3%+334.5%-28.0% +68.6%
5 years, per year +19.1%+34.2%-6.4% +11.0%
10 years +543.0%+7,187.8%+26.6% +258.0%
10 years, per year +20.5%+53.6%+2.4% +13.6%

Risk

MeasureADIAMDDLBSPY
Volatility, 1Y 36.5%68.4%30.3% 12.7%
Downside volatility, 1Y 36.5%65.6%31.6% 12.7%
Beta vs S&P 500, 1Y 1.723.210.54 1.00
Return / volatility, 1Y 1.961.61-0.21 1.02
Max drawdown, 5Y -32.5%-65.4%-49.6% -25.4%
From 52-week high -8.4%-18.2%-8.6% -1.8%
52-week high $445.48$649.42$69.09 $779.14
52-week low $225.20$190.95$48.50 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleADIAMDDLB
P/E now vs peer median 47.9xmedian 42.1x 134.8xmedian 42.1x 26.3xmedian 42.1x
P/S now vs peer median 14.2xmedian 7.1x 21.0xmedian 7.1x 4.4xmedian 7.1x
EV/EBITDA now vs peer median 29.6xmedian 27.5x 90.1xmedian 27.5x 15.9xmedian 27.5x
P/FCF now vs peer median 40.0xmedian 37.2x 103.7xmedian 37.2x 15.2xmedian 37.2x
P/B now vs peer median 5.9xmedian 4.2x 12.9xmedian 4.2x 2.3xmedian 4.2x
PEG now vs peer median 11.12median 2.23 0.25median 2.23 12.63median 2.23

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsADIAMDDLB
Revenue $13.88B $41.31B $1.35B
Gross profit $9.13B $21.98B $1.19B
Operating income $4.93B $6.49B $239.10M
Net income $4.14B $6.43B $228.00M
Free cash flow $4.94B $8.37B $392.67M
R&D $1.98B $9.39B $265.94M
EPS (diluted) $8.46 $3.88 $2.39
Cash & equivalents $2.17B $5.09B $669.39M
Total debt $9.12B $12.89B –
Shares (diluted) 488.84M 1.66B 94.52M
Enterprise value $192.57B $870.65B $3.32B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricADIAMDDLB
P/E 47.9x 134.8x 26.3x
P/FCF 40.0x 103.7x 15.2x
P/Operating cash flow 35.6x 86.0x 13.6x
P/S 14.2x 21.0x 4.4x
P/B 5.9x 12.9x 2.3x
P/Tangible book 7.6x 16.8x 2.7x
EV/EBITDA 29.6x 90.1x 15.9x
EV/EBIT 41.4x 132.1x 22.1x
EV/Revenue 14.7x 20.8x 3.9x
EV/FCF 41.4x 102.5x 13.4x
EV/Operating cash flow 36.9x 85.0x 12.1x
PEG (3Y EPS CAGR) 11.12 0.25 12.63

Growth

14 metrics
MetricADIAMDDLB
Revenue growth (1Y) 33.6% 39.5% 0.6%
Revenue CAGR (3Y) 2.6% 23.6% 1.7%
Gross profit growth (1Y) 46.2% 55.9% -0.5%
Gross profit CAGR (3Y) 2.9% 32.0% 1.5%
Operating income growth (1Y) 93.0% 186.2% -15.1%
Operating income CAGR (3Y) 4.8% 167.6% -1.0%
Net income growth (1Y) 111.2% 127.0% -14.2%
Net income CAGR (3Y) 3.3% 537.7% 1.3%
EPS growth (1Y) 114.6% 123.1% -12.3%
EPS CAGR (3Y) 4.3% 533.6% 2.1%
Operating cash flow growth (1Y) 33.2% 106.7% -6.0%
Operating cash flow CAGR (3Y) 5.1% 61.4% 9.5%
Free cash flow growth (1Y) 34.2% 106.9% -10.4%
Free cash flow CAGR (3Y) 10.2% 64.9% 9.3%

Profitability

14 metrics
MetricADIAMDDLB
Gross margin 65.8% 53.2% 87.6%
EBITDA margin 49.8% 23.0% 24.5%
Operating margin 35.5% 15.7% 17.7%
Pretax margin 33.9% 18.3% 20.4%
Net margin 29.8% 15.6% 16.7%
FCF margin 35.6% 20.3% 29.0%
Operating cash flow margin 39.9% 24.4% 32.3%
Return on equity 12.3% 9.8% 8.7%
Return on assets 8.6% 7.8% 7.1%
Return on invested capital 10.2% 8.0% –
Return on capital employed 11.6% 9.3% 8.6%
Asset turnover 0.3x 0.5x 0.4x
Cash conversion (OCF / net income) 1.3x 1.6x 1.9x
Stock comp / revenue 2.5% 4.6% 9.6%

Financial Health

11 metrics
MetricADIAMDDLB
Debt / assets 18.8% 3.8% –
Debt / equity 0.3x 0.0x –
Net debt / EBITDA 1.0x -1.0x –
Debt / FCF 1.8x 0.4x –
Liabilities / assets 30.7% 20.4% 17.9%
Equity / assets 69.3% 79.6% 82.1%
Interest coverage 14.1x 44.1x –
Current ratio 1.3x 2.6x 3.2x
Quick ratio 0.8x 1.7x 3.1x
Cash ratio 0.4x 1.1x 1.6x
Altman Z-score 8.99 31.29 8.51

Shareholder Returns

7 metrics
MetricADIAMDDLB
Dividend yield 1.1% – 2.3%
Net buyback yield 1.5% 0.0% 3.5%
Shareholder yield 2.6% 0.0% 5.7%
Payout ratio (earnings) 49.4% – 58.9%
Payout ratio (FCF) 41.4% – 34.2%
Dividend growth (1Y) 7.8% – 8.6%
Dividend CAGR (3Y) 7.6% – 9.6%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusADIAMDDLB
Forward P/E 33.1xFY2026 72.0xFY2026 14.1xFY2026
EPS, next fiscal year $12.33FY2026 $7.38FY2026 $4.49FY2026
EPS growth, next FY +58.3%FY2026 +77.0%FY2026 +5.9%FY2026
EPS growth, the year after +27.0% +112.7% +4.7%
Revenue, next fiscal year $15.85BFY2026 $53.09BFY2026 $1.50BFY2026
Revenue growth, next FY +43.8%FY2026 +53.3%FY2026 +11.1%FY2026
Revenue growth, the year after +19.8% +60.7% -7.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersADIAMDDLB
Held by institutions 90.9% 72.5% 65.4%
Institutions holding 2,287 3,991 389
Change in shares held, QoQ +4.5% +10.7% +5.8%
Institutions buying 1,182 2,270 195
Institutions selling 819 1,456 148
Buyers to sellers 1.44 1.56 1.32

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

ADIAMDDLB
ADI 1.00 0.50 0.16
AMD 0.50 1.00 -0.04
DLB 0.16 -0.04 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ADI, AMD and DLB?

Advanced Micro Devices (AMD) is the largest by market capitalisation: Analog Devices (ADI) $206.04B, Advanced Micro Devices (AMD) $913.90B, Dolby Laboratories (DLB) $5.94B.

Which stock is cheaper, ADI, AMD and DLB?

Dolby Laboratories (DLB) trades on the lowest price-to-earnings ratio (Analog Devices (ADI) 49.8x, Advanced Micro Devices (AMD) 142.0x, Dolby Laboratories (DLB) 26.2x). On next year's consensus earnings, Dolby Laboratories (DLB) is cheapest (Analog Devices (ADI) 33.1x, Advanced Micro Devices (AMD) 72.0x, Dolby Laboratories (DLB) 14.1x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Advanced Micro Devices (AMD) grew revenue fastest over the trailing twelve months: Analog Devices (ADI) +33.6%, Advanced Micro Devices (AMD) +39.5%, Dolby Laboratories (DLB) +0.6%.

Which company is more profitable?

Analog Devices (ADI) has the highest net margin (Analog Devices (ADI) 29.8%, Advanced Micro Devices (AMD) 15.6%, Dolby Laboratories (DLB) 16.7%). On return on invested capital, Analog Devices (ADI) leads (Analog Devices (ADI) 10.2%, Advanced Micro Devices (AMD) 8.0%).

Which stock has performed better?

Over the past year Advanced Micro Devices (AMD) returned the most: Analog Devices (ADI) +71.4%, Advanced Micro Devices (AMD) +110.1%, Dolby Laboratories (DLB) -6.3%. Over five years, Advanced Micro Devices (AMD) compounded fastest (Analog Devices (ADI) +19.1%/yr, Advanced Micro Devices (AMD) +34.2%/yr, Dolby Laboratories (DLB) -6.4%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Dolby Laboratories (DLB) has the highest dividend yield: Analog Devices (ADI) 0.01%, Advanced Micro Devices (AMD) 0.00%, Dolby Laboratories (DLB) 0.02%. Advanced Micro Devices (AMD) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Dolby Laboratories (DLB) has been the steadiest (Analog Devices (ADI) 36.5%, Advanced Micro Devices (AMD) 68.4%, Dolby Laboratories (DLB) 30.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ADI, AMD and DLB?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Advanced Micro Devices (AMD) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.