Explain this page
Arphra AIPlain-English read on Skyworks Solutions, Inc.’s valuationRatios & metrics
Profitability, returns on capital, growth, and credit — all derived from the historical income statement, balance sheet, and cash flow rows in our data warehouse.
Valuation multiples
Price- and EV-based multiples plus shareholder yields. Snapshot at each fiscal year-end from key_metrics (FMP).
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| Headline | ||||||||
| Market cap | — | — | — | — | — | — | — | — |
| Enterprise value | — | — | — | — | — | — | — | — |
| Multiples | ||||||||
| P / E | — | — | — | — | — | — | — | — |
| P / B | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — |
| EV / Sales | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — |
| Yields | ||||||||
| Earnings yield | — | — | — | — | — | — | — | — |
| Free cash flow yield | — | — | — | — | — | — | — | — |
| Dividend yield | — | — | — | — | — | — | — | — |
Profitability
Margin structure across the last 5 fiscal years
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin | +49.18% | +47.48% | +44.16% | +41.19% | +41.16% | +41.67% | +43.21% | +43.05% |
| Operating margin | +31.57% | +27.84% | +23.57% | +15.26% | +12.23% | +16.73% | +16.62% | +17.38% |
| EBITDA margin | +40.10% | +40.37% | +36.81% | +26.77% | +24.88% | +29.16% | +28.74% | +29.97% |
| EBIT margin | +31.55% | +27.79% | +23.95% | +15.97% | +13.55% | +17.82% | +18.15% | +17.69% |
| Pre-tax margin | +31.29% | +26.92% | +22.60% | +15.23% | +12.89% | +17.03% | +17.12% | +16.90% |
| Net margin | +29.33% | +23.25% | +20.59% | +14.27% | +11.67% | +15.31% | +15.92% | +15.92% |
| Cost structure | ||||||||
| Cost of revenue / sales | +50.82% | +52.52% | +55.84% | +58.81% | +58.84% | +56.97% | +56.13% | +58.36% |
| R&D intensity | +10.42% | +11.26% | +12.71% | +15.12% | +19.22% | +15.92% | +15.80% | +15.97% |
| SG&A intensity | +6.31% | +6.01% | +6.58% | +7.20% | +9.09% | +7.56% | +7.80% | +7.77% |
| Effective tax rate | +6.28% | +13.64% | +8.90% | +6.35% | +9.42% | +7.96% | +8.14% | +8.34% |
Returns on capital
ROE / ROA / ROC / ROIC over the relevant capital base, plus the 3-step DuPont decomposition of ROE.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| Returns | ||||||||
| Return on equity (ROE) | +28.29% | +23.32% | +16.16% | +9.41% | +8.29% | +11.00% | +11.49% | +11.31% |
| Return on assets (ROA) | +17.44% | +14.37% | +11.66% | +7.20% | +6.03% | +7.90% | +8.20% | +8.38% |
| Return on capital (ROC) | +20.92% | +19.37% | +14.82% | +8.46% | +7.18% | +9.94% | +9.88% | +10.13% |
| Return on invested capital (ROIC) | +19.43% | +16.18% | +12.95% | +7.91% | +6.85% | +9.09% | +9.46% | +9.28% |
| Asset turnover | +59.47% | +61.82% | +56.63% | +50.44% | +51.62% | +51.58% | +51.51% | +52.64% |
| DuPont · ROE decomposition | ||||||||
| Net margin | +29.33% | +23.25% | +20.59% | +14.27% | +11.67% | +15.31% | +15.92% | +15.92% |
| Asset turnover (× revenue / assets) | +59.47% | +61.82% | +56.63% | +50.44% | +51.62% | +51.58% | +51.51% | +52.64% |
| Equity multiplier (× assets / equity) | +162.18% | +162.26% | +138.54% | +130.72% | +137.52% | +139.32% | +140.16% | +134.92% |
Activity & efficiency
Turnover ratios and days-outstanding — how efficiently the business converts assets and working capital into sales and cash.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||
| Asset turnover | 0.59 | 0.62 | 0.57 | 0.50 | 0.52 | 0.52 | 0.52 | 0.53 |
| Fixed-asset turnover | 3.06 | 3.00 | 2.99 | 2.84 | 2.95 | — | — | — |
| Inventory turnover | 2.93 | 2.38 | 2.38 | 3.13 | 3.19 | — | — | — |
| Receivables turnover | 6.76 | 5.01 | 5.52 | 8.21 | 6.83 | — | — | — |
| Payables turnover | 11.00 | 10.51 | 16.74 | 14.30 | 10.19 | — | — | — |
| Days outstanding | ||||||||
| Days sales outstanding (DSO) | 54.02 | 72.79 | 66.10 | 44.45 | 53.42 | — | — | — |
| Days inventory outstanding (DIO) | 124.40 | 153.55 | 153.35 | 116.58 | 114.55 | — | — | — |
| Days payables outstanding (DPO) | 33.17 | 34.74 | 21.80 | 25.52 | 35.82 | — | — | — |
| Cash conversion cycle | 145.25 | 191.61 | 197.65 | 135.51 | 132.14 | — | — | — |
Cash flow quality
How well reported earnings translate into operating and free cash flow, plus reinvestment intensity.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| Operating CF / Net income | 1.18 | 1.12 | 1.89 | 3.06 | 2.73 | 2.54 | 2.36 | 2.34 |
| FCF / Net income | 0.75 | 0.72 | 1.65 | 2.80 | 2.32 | 2.19 | 2.17 | 2.16 |
| FCF margin | +21.92% | +16.68% | +33.95% | +39.92% | +27.06% | +33.45% | +34.54% | +34.33% |
| OCF margin | +34.68% | +25.97% | +38.90% | +43.67% | +31.83% | +38.89% | +37.65% | +37.24% |
| CapEx / Revenue | +12.76% | +9.29% | +4.95% | +3.76% | +4.77% | +4.48% | +4.52% | +4.55% |
| CapEx / D&A | 1.49 | 0.74 | 0.38 | 0.35 | 0.42 | — | — | — |
| Stock-based comp / Revenue | +3.76% | +3.56% | +3.88% | +4.32% | +5.69% | — | — | — |
Per-share & shareholder yield
EPS, book value, sales, cash flow and dividends per share — plus payout / retention.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| EPS · diluted | 8.97 | 7.81 | 6.13 | 3.69 | 3.08 | 5.00 | 5.17 | 6.09 |
| EPS · basic | 9.07 | 7.85 | 6.17 | 3.72 | 3.09 | 4.96 | 5.21 | 6.14 |
| Book value / share | 31.72 | 33.49 | 37.95 | 39.24 | 37.12 | 34.89 | 36.19 | 39.57 |
| Tangible BV / share | 8.51 | 11.31 | 16.74 | 20.18 | 17.87 | 34.89 | 36.19 | 39.57 |
| Sales / share | 30.59 | 33.59 | 29.77 | 25.87 | 26.35 | 25.07 | 26.13 | 28.11 |
| Operating CF / share | 10.61 | 8.72 | 11.58 | 11.30 | 8.39 | 9.75 | 9.84 | 10.47 |
| Free cash flow / share | 6.71 | 5.60 | 10.11 | 10.33 | 7.13 | 8.39 | 9.03 | 9.65 |
| Dividends / share | 2.04 | 2.28 | 2.53 | 2.72 | 2.79 | 2.41 | 2.50 | 2.83 |
| Payout ratio | +22.73% | +29.26% | +41.23% | +73.67% | +90.67% | +62.84% | +60.10% | +63.19% |
| Retention ratio | +77.27% | +70.74% | +58.77% | +26.33% | +9.33% | +37.16% | +39.90% | +36.81% |
Growth
Year-over-year change for headline P&L lines, plus through-cycle CAGR
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 7y CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Top-line | |||||||||
| Revenue · YoY | — | +7.37% | -13.00% | -12.45% | -2.18% | -4.03% | +2.52% | +7.90% | -2.31% |
| Gross profit · YoY | — | +3.66% | -19.08% | -18.34% | -2.25% | -2.83% | +6.31% | +7.48% | -4.15% |
| Profit | |||||||||
| Operating income · YoY | — | -5.31% | -26.33% | -43.34% | -21.56% | +31.28% | +1.81% | +12.85% | -10.29% |
| EBITDA · YoY | — | +8.09% | -20.67% | -36.34% | -9.08% | +12.48% | +1.06% | +12.51% | -6.29% |
| Net income · YoY | — | -14.89% | -22.93% | -39.36% | -19.95% | +25.83% | +6.61% | +7.92% | -10.47% |
| Operating | |||||||||
| EBIT · YoY | — | -5.43% | -25.01% | -41.65% | -16.98% | +26.23% | +4.38% | +5.17% | -10.06% |
| R&D · YoY | — | +16.08% | -1.80% | +4.10% | +24.35% | -20.48% | +1.73% | +9.02% | +3.84% |
| Per-share | |||||||||
| EPS · diluted · YoY | — | -12.93% | -21.51% | -39.80% | -16.53% | +62.19% | +3.56% | +17.64% | -5.39% |
| EPS · basic · YoY | — | -13.45% | -21.40% | -39.71% | -16.94% | +60.63% | +4.93% | +17.89% | -5.42% |
Credit & leverage
Balance-sheet health + interest coverage + liquidity. Coverage ratios use period-end debt and trailing interest expense.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| Leverage | ||||||||
| Total debt | $2.41B | $2.41B | $1.51B | $1.2B | $1.2B | $1.14B | $1.2B | $1.34B |
| Net debt | $1.53B | $1.85B | $790.5M | -$168.2M | $41.8M | $138.83M | $166.75M | $262.53M |
| Net debt / EBITDA | 0.75 | 0.83 | 0.45 | -0.15 | 0.04 | 0.12 | 0.14 | 0.20 |
| Debt / equity | 0.46 | 0.44 | 0.25 | 0.19 | 0.21 | 0.21 | 0.22 | 0.22 |
| Debt / assets | +28.09% | +27.21% | +17.91% | +14.49% | +15.20% | +15.05% | +15.34% | +16.21% |
| Equity / assets | +61.66% | +61.63% | +72.18% | +76.50% | +72.72% | +71.78% | +71.35% | +74.12% |
| Coverage | ||||||||
| EBITDA / interest expense | 152.90 | 46.23 | 27.28 | 36.43 | 37.52 | 32.56 | 31.99 | 32.61 |
| Operating income / interest | 120.35 | 31.88 | 17.47 | 20.76 | 18.45 | 18.69 | 18.49 | 18.91 |
| Interest expense | $13.4M | $47.9M | $64.4M | $30.7M | $27.1M | $35.13M | $36.14M | $39.87M |
| Liquidity | ||||||||
| Current ratio | 4.35 | 2.63 | 3.33 | 5.54 | 2.33 | — | — | — |
| Quick ratio | 2.70 | 1.37 | 1.67 | 3.44 | 1.49 | — | — | — |
| Cash ratio | 1.34 | 0.46 | 0.75 | 2.27 | 0.88 | — | — | — |
| Working capital | $2.21B | $2B | $2.22B | $2.74B | $1.75B | — | — | — |
| Working capital / revenue | +43.20% | +36.51% | +46.60% | +65.54% | +42.91% | — | — | — |
Methodology. ROE / ROA / ROC use period-end balance-sheet denominators (no average-of- period smoothing). ROIC = Operating Income × (1 − inferred effective tax rate) over invested capital, with the effective tax inferred from net-to-operating income when both are positive and a 25% default otherwise. Net debt / EBITDA, debt ratios, and interest-coverage ratios are calculated point-in-time at each fiscal year-end. TTM = trailing 4 quarters (income / cash flow summed, balance sheet = most-recent quarterly snapshot). Through-cycle CAGR in the Growth panel uses the geometric mean of first-to-last period growth across the window (positive values only).