ADI vs. AMAT: Analog Devices vs. Applied Materials Stock Comparison

November 11, 2026

How do Analog Devices (ADI) and Applied Materials (AMAT) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Analog Devices (ADI) and Applied Materials (AMAT) both belong to the Semiconductors & Semiconductor Equipment industry, though ADI is classified under Semiconductors while AMAT falls under Semiconductor Materials & Equipment.

Company profile comparison for Analog Devices (ADI) and Applied Materials (AMAT)
Profile Item	ADI	AMAT
Name	Analog Devices, Inc.	Applied Materials Inc.
Country/Region	United States	United States
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Semiconductors & Semiconductor Equipment	Semiconductors & Semiconductor Equipment
GICS Industry	Semiconductors & Semiconductor Equipment	Semiconductors & Semiconductor Equipment
GICS Sub-Industry	Semiconductors	Semiconductor Materials & Equipment
Market Capitalization	176.17 billion USD	264.04 billion USD
Currency	USD	USD
Exchange	Nasdaq	Nasdaq
Listing Date	March 17, 1980	March 17, 1980
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

ADI

AMAT

GSPC

Analog Devices (ADI) vs. Applied Materials (AMAT), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Analog Devices (ADI) and Applied Materials (AMAT). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Analog Devices (ADI) and Applied Materials (AMAT). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Analog Devices (ADI) and Applied Materials (AMAT)
Metric	ADI	AMAT
Total Return (1Y)	71.72%	62.12%
Total Return (3Y, Annualized)	34.43%	38.42%
Total Return (5Y, Annualized)	17.89%	19.86%

Risk Profile

Drawdown History

ADI

AMAT

GSPC

Analog Devices (ADI) vs. Applied Materials (AMAT), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Analog Devices (ADI) and Applied Materials (AMAT). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Analog Devices (ADI) and Applied Materials (AMAT)
Metric	ADI	AMAT
Volatility (1Y, Annualized)	38.89%	63.72%
Beta (5Y)	1.26	1.68
Max Drawdown (5Y)	-32.20%	-55.80%
Avg. Volume (3M)	3.74M	7.16M

Risk-Adjusted Performance

Risk-Return Positioning

ADI and AMAT are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Analog Devices (ADI) and Applied Materials (AMAT)
Metric	ADI	AMAT
Sharpe Ratio (1Y)	1.73	0.91
Sortino Ratio (1Y)	2.56	1.35

Profitability

ROE (TTM)

Applied Materials (AMAT) at 41.07% sits in the top ROE quartile, while Analog Devices (ADI) at 12.23% is closer to the peer norm — stronger capital efficiency for AMAT.

ADI

Semiconductors & Semiconductor Equipment industry group

12.23%

Max: 52.82%
Q3: 22.26%
ADI: 12.23%
Median: 10.58%
Q1: 1.29%
Min: -16.89%

AMAT

Semiconductors & Semiconductor Equipment industry group

41.07%

Max: 52.82%
AMAT: 41.07%
Q3: 22.26%
Median: 10.58%
Q1: 1.29%
Min: -16.89%

Analog Devices (ADI) vs. Applied Materials (AMAT): A comparison of their ROE against the Semiconductors & Semiconductor Equipment industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both Analog Devices (ADI) at 29.79% and Applied Materials (AMAT) at 30.05% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

ADI

Semiconductors & Semiconductor Equipment industry group

29.79%

Max: 63.80%
ADI: 29.79%
Q3: 28.36%
Median: 11.44%
Q1: 0.90%
Min: -37.77%

AMAT

Semiconductors & Semiconductor Equipment industry group

30.05%

Max: 63.80%
AMAT: 30.05%
Q3: 28.36%
Median: 11.44%
Q1: 0.90%
Min: -37.77%

Analog Devices (ADI) vs. Applied Materials (AMAT): A comparison of their net margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Operating Margin (TTM)

Both Analog Devices (ADI) at 39.50% and Applied Materials (AMAT) at 33.74% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

ADI

Semiconductors & Semiconductor Equipment industry group

39.50%

Max: 58.66%
ADI: 39.50%
Q3: 30.23%
Median: 15.91%
Q1: 7.54%
Min: -25.74%

AMAT

Semiconductors & Semiconductor Equipment industry group

33.74%

Max: 58.66%
AMAT: 33.74%
Q3: 30.23%
Median: 15.91%
Q1: 7.54%
Min: -25.74%

Analog Devices (ADI) vs. Applied Materials (AMAT): A comparison of their operating margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for Analog Devices (ADI) and Applied Materials (AMAT)
Metric	ADI	AMAT
ROE (TTM)	12.23%	41.07%
ROA (TTM)	6.41%	15.48%
Net Margin (TTM)	29.79%	30.05%
Operating Margin (TTM)	39.50%	33.74%
Gross Margin (TTM)	65.80%	49.40%

Growth

Revenue Growth

Both Analog Devices (ADI) at 16.89% and Applied Materials (AMAT) at 4.39% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Analog Devices (ADI) vs. Applied Materials (AMAT): A comparison of their Revenue Growth across different time periods.

EPS Growth

Analog Devices (ADI) at 39.02% sits in the top EPS growth quartile, while Applied Materials (AMAT) at 0.58% is closer to the peer norm — faster per-share earnings growth for ADI.

Analog Devices (ADI) vs. Applied Materials (AMAT): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Analog Devices (ADI) and Applied Materials (AMAT)
Metric	ADI	AMAT
Revenue Growth (YoY)	16.89%	4.39%
Revenue Growth (3Y CAGR)	-2.84%	3.23%
EPS Growth (YoY)	39.02%	0.58%
EPS Growth (3Y CAGR)	-4.59%	5.19%

Financial Strength

Current Ratio (MRQ)

Applied Materials (AMAT) at 2.42 keeps current ratio within its industry’s typical mid-range, while Analog Devices (ADI) at 1.25 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for ADI.

ADI

Semiconductors & Semiconductor Equipment industry group

1.25

Max: 10.33
Q3: 5.62
Median: 3.33
Q1: 2.35
ADI: 1.25
Min: 1.03

AMAT

Semiconductors & Semiconductor Equipment industry group

2.42

Max: 10.33
Q3: 5.62
Median: 3.33
AMAT: 2.42
Q1: 2.35
Min: 1.03

Analog Devices (ADI) vs. Applied Materials (AMAT): A comparison of their current ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Debt / Equity (MRQ)

Both Analog Devices (ADI) at 0.27 and Applied Materials (AMAT) at 0.29 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

ADI

Semiconductors & Semiconductor Equipment industry group

0.27

Max: 1.46
Q3: 0.65
ADI: 0.27
Median: 0.27
Q1: 0.04
Min: 0.00

AMAT

Semiconductors & Semiconductor Equipment industry group

0.29

Max: 1.46
Q3: 0.65
AMAT: 0.29
Median: 0.27
Q1: 0.04
Min: 0.00

Analog Devices (ADI) vs. Applied Materials (AMAT): A comparison of their debt-to-equity ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Analog Devices (ADI) and Applied Materials (AMAT)
Metric	ADI	AMAT
Current Ratio (MRQ)	1.25	2.42
Debt / Equity (MRQ)	0.27	0.29
Net Debt / EBITDA	0.99	-0.19

Dividends

Dividend Yield (TTM)

Analog Devices (ADI) at 1.19% delivers top-quartile income for its industry, while Applied Materials (AMAT) at 0.62% pays a more typical yield — both are credible income propositions, ADI the richer one.

ADI

Semiconductors & Semiconductor Equipment industry group

1.19%

Max: 1.37%
ADI: 1.19%
Q3: 0.65%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

AMAT

Semiconductors & Semiconductor Equipment industry group

0.62%

Max: 1.37%
Q3: 0.65%
AMAT: 0.62%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Analog Devices (ADI) vs. Applied Materials (AMAT): A comparison of their dividend yield against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Payout Ratio (TTM)

Applied Materials (AMAT) at 16.48% pays out a band-typical share of earnings, while Analog Devices (ADI) at 49.64% distributes more than its industry norm — less retained, thinner cover.

ADI

Semiconductors & Semiconductor Equipment industry group

49.64%

ADI: 49.64%
Max: 49.64%
Q3: 21.71%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

AMAT

Semiconductors & Semiconductor Equipment industry group

16.48%

Max: 49.64%
Q3: 21.71%
AMAT: 16.48%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Analog Devices (ADI) vs. Applied Materials (AMAT): A comparison of their payout ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for Analog Devices (ADI) and Applied Materials (AMAT)
Metric	ADI	AMAT
Dividend Yield (TTM)	1.19%	0.62%
Dividend Payout Ratio (TTM)	49.64%	16.48%

Valuation

P/E Ratio (TTM)

Both Analog Devices (ADI) at 43.18 and Applied Materials (AMAT) at 28.71 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

ADI

Semiconductors & Semiconductor Equipment industry group

43.18

Max: 110.34
Q3: 66.81
ADI: 43.18
Median: 37.02
Q1: 23.96
Min: 8.12

AMAT

Semiconductors & Semiconductor Equipment industry group

28.71

Max: 110.34
Q3: 66.81
Median: 37.02
AMAT: 28.71
Q1: 23.96
Min: 8.12

Analog Devices (ADI) vs. Applied Materials (AMAT): A comparison of their P/E ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/S Ratio (TTM)

Applied Materials (AMAT) at 8.56 is priced about in line with its industry on P/S ratio, while Analog Devices (ADI) at 12.69 sits in the pricier quartile — ADI costs more per dollar of sales.

ADI

Semiconductors & Semiconductor Equipment industry group

12.69

Max: 21.42
ADI: 12.69
Q3: 12.27
Median: 5.76
Q1: 2.73
Min: 0.00

AMAT

Semiconductors & Semiconductor Equipment industry group

8.56

Max: 21.42
Q3: 12.27
AMAT: 8.56
Median: 5.76
Q1: 2.73
Min: 0.00

Analog Devices (ADI) vs. Applied Materials (AMAT): A comparison of their P/S ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/B Ratio (MRQ)

Analog Devices (ADI) at 5.25 is valued about in line with its industry on P/B ratio, while Applied Materials (AMAT) at 10.30 carries an above-peer premium to book — AMAT is pricier on assets.

ADI

Semiconductors & Semiconductor Equipment industry group

5.25

Max: 14.06
Q3: 7.44
ADI: 5.25
Median: 4.29
Q1: 2.30
Min: 0.20

AMAT

Semiconductors & Semiconductor Equipment industry group

10.30

Max: 14.06
AMAT: 10.30
Q3: 7.44
Median: 4.29
Q1: 2.30
Min: 0.20

Analog Devices (ADI) vs. Applied Materials (AMAT): A comparison of their P/B ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for Analog Devices (ADI) and Applied Materials (AMAT)
Metric	ADI	AMAT
P/E Ratio (TTM)	43.18	28.71
P/S Ratio (TTM)	12.69	8.56
P/B Ratio (MRQ)	5.25	10.30
Free Cash Flow Yield (TTM)	2.35%	1.16%