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Side-by-side financial comparison of Analog Devices (ADI) and PENN Entertainment, Inc. (PENN). Click either name above to swap in a different company.
Analog Devices is the larger business by last-quarter revenue ($3.2B vs $1.8B, roughly 1.8× PENN Entertainment, Inc.). Analog Devices runs the higher net margin — 26.3% vs -0.2%, a 26.4% gap on every dollar of revenue. On growth, Analog Devices posted the faster year-over-year revenue change (30.4% vs 6.4%). Over the past eight quarters, Analog Devices's revenue compounded faster (21.0% CAGR vs 3.4%).
Analog Devices, Inc. (ADI), also known simply as Analog, is an American multinational semiconductor company specializing in data conversion, signal processing, and power management technology, headquartered in Wilmington, Massachusetts.
Penn Entertainment, Inc., formerly Penn National Gaming, is an American entertainment company and operator of integrated entertainment, sports content, and casino gambling. It operates 43 properties in 20 states, under brands including Hollywood Casino, Ameristar, and Boomtown. It also owns the Canadian digital media company Score Media and Gaming.
ADI vs PENN — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.2B | $1.8B |
| Net Profit | $830.8M | $-2.8M |
| Gross Margin | 64.7% | — |
| Operating Margin | 31.5% | 5.5% |
| Net Margin | 26.3% | -0.2% |
| Revenue YoY | 30.4% | 6.4% |
| Net Profit YoY | 112.3% | 66.7% |
| EPS (diluted) | $1.69 | $-0.02 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $3.2B | $1.8B | ||
| Q4 25 | $3.1B | $1.8B | ||
| Q3 25 | $2.9B | $1.7B | ||
| Q2 25 | $2.6B | $1.8B | ||
| Q1 25 | $2.4B | $1.7B | ||
| Q4 24 | $2.4B | $1.7B | ||
| Q3 24 | $2.3B | $1.6B | ||
| Q2 24 | $2.2B | $1.7B |
| Q1 26 | $830.8M | $-2.8M | ||
| Q4 25 | $787.7M | $-72.9M | ||
| Q3 25 | $518.5M | $-864.6M | ||
| Q2 25 | $569.8M | $-17.4M | ||
| Q1 25 | $391.3M | $111.8M | ||
| Q4 24 | $478.1M | $-133.3M | ||
| Q3 24 | $392.2M | $-36.7M | ||
| Q2 24 | $302.2M | $-26.8M |
| Q1 26 | 64.7% | — | ||
| Q4 25 | 63.1% | — | ||
| Q3 25 | 62.1% | — | ||
| Q2 25 | 61.0% | — | ||
| Q1 25 | 59.0% | — | ||
| Q4 24 | 58.0% | — | ||
| Q3 24 | 56.7% | — | ||
| Q2 24 | 54.7% | — |
| Q1 26 | 31.5% | 5.5% | ||
| Q4 25 | 30.7% | -1.0% | ||
| Q3 25 | 28.4% | -45.2% | ||
| Q2 25 | 25.7% | 4.4% | ||
| Q1 25 | 20.3% | 2.6% | ||
| Q4 24 | 23.3% | -2.9% | ||
| Q3 24 | 21.2% | 4.1% | ||
| Q2 24 | 17.9% | 4.5% |
| Q1 26 | 26.3% | -0.2% | ||
| Q4 25 | 25.6% | -4.0% | ||
| Q3 25 | 18.0% | -50.3% | ||
| Q2 25 | 21.6% | -1.0% | ||
| Q1 25 | 16.1% | 6.7% | ||
| Q4 24 | 19.6% | -8.0% | ||
| Q3 24 | 17.0% | -2.2% | ||
| Q2 24 | 14.0% | -1.6% |
| Q1 26 | $1.69 | $-0.02 | ||
| Q4 25 | $1.60 | $-0.36 | ||
| Q3 25 | $1.04 | $-6.03 | ||
| Q2 25 | $1.14 | $-0.12 | ||
| Q1 25 | $0.78 | $0.68 | ||
| Q4 24 | $0.95 | $-0.87 | ||
| Q3 24 | $0.79 | $-0.24 | ||
| Q2 24 | $0.61 | $-0.18 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.9B | $708.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $33.8B | — |
| Total Assets | $48.0B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $2.9B | $708.0M | ||
| Q4 25 | $3.7B | $686.6M | ||
| Q3 25 | $2.3B | $660.1M | ||
| Q2 25 | $2.4B | $671.6M | ||
| Q1 25 | $2.3B | $591.6M | ||
| Q4 24 | $2.4B | $706.6M | ||
| Q3 24 | $2.1B | $834.0M | ||
| Q2 24 | $2.4B | $877.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.9B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | — | $2.8B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | — | $2.8B | ||
| Q2 24 | — | $2.8B |
| Q1 26 | $33.8B | — | ||
| Q4 25 | $33.8B | $1.8B | ||
| Q3 25 | $34.1B | $2.0B | ||
| Q2 25 | $35.0B | $3.0B | ||
| Q1 25 | $35.1B | $3.0B | ||
| Q4 24 | $35.2B | $2.9B | ||
| Q3 24 | $35.2B | $3.1B | ||
| Q2 24 | $35.2B | $3.1B |
| Q1 26 | $48.0B | — | ||
| Q4 25 | $48.0B | $14.3B | ||
| Q3 25 | $48.2B | $14.3B | ||
| Q2 25 | $47.3B | $15.2B | ||
| Q1 25 | $48.0B | $15.1B | ||
| Q4 24 | $48.2B | $15.3B | ||
| Q3 24 | $48.6B | $15.5B | ||
| Q2 24 | $48.9B | $15.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.58× | ||
| Q3 25 | — | 1.46× | ||
| Q2 25 | — | 0.94× | ||
| Q1 25 | — | 0.89× | ||
| Q4 24 | — | 0.98× | ||
| Q3 24 | — | 0.91× | ||
| Q2 24 | — | 0.91× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.4B | — |
| Free Cash FlowOCF − Capex | $1.3B | — |
| FCF MarginFCF / Revenue | 39.8% | — |
| Capex IntensityCapex / Revenue | 3.5% | 5.3% |
| Cash ConversionOCF / Net Profit | 1.65× | — |
| TTM Free Cash FlowTrailing 4 quarters | $4.6B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.7B | $107.2M | ||
| Q3 25 | $1.2B | $180.9M | ||
| Q2 25 | $819.5M | $178.2M | ||
| Q1 25 | $1.1B | $41.9M | ||
| Q4 24 | $1.1B | $102.9M | ||
| Q3 24 | $855.0M | $174.7M | ||
| Q2 24 | $807.9M | $150.4M |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.5B | $-83.2M | ||
| Q3 25 | $1.1B | $8.2M | ||
| Q2 25 | $729.2M | $18.8M | ||
| Q1 25 | $977.8M | $-83.3M | ||
| Q4 24 | $885.4M | $-118.1M | ||
| Q3 24 | $701.1M | $42.6M | ||
| Q2 24 | $619.7M | $62.2M |
| Q1 26 | 39.8% | — | ||
| Q4 25 | 48.3% | -4.6% | ||
| Q3 25 | 37.7% | 0.5% | ||
| Q2 25 | 27.6% | 1.1% | ||
| Q1 25 | 40.4% | -5.0% | ||
| Q4 24 | 36.2% | -7.1% | ||
| Q3 24 | 30.3% | 2.6% | ||
| Q2 24 | 28.7% | 3.7% |
| Q1 26 | 3.5% | 5.3% | ||
| Q4 25 | 7.0% | 10.5% | ||
| Q3 25 | 2.7% | 10.1% | ||
| Q2 25 | 3.4% | 9.0% | ||
| Q1 25 | 6.1% | 7.5% | ||
| Q4 24 | 6.8% | 13.2% | ||
| Q3 24 | 6.7% | 8.1% | ||
| Q2 24 | 8.7% | 5.3% |
| Q1 26 | 1.65× | — | ||
| Q4 25 | 2.16× | — | ||
| Q3 25 | 2.25× | — | ||
| Q2 25 | 1.44× | — | ||
| Q1 25 | 2.88× | 0.37× | ||
| Q4 24 | 2.20× | — | ||
| Q3 24 | 2.18× | — | ||
| Q2 24 | 2.67× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ADI
| Sales Channel Directly To Consumer | $1.4B | 44% |
| Automotive | $794.4M | 25% |
| Communications | $476.8M | 15% |
| Consumer | $399.8M | 13% |
| Other | $71.3M | 2% |
| Sales Channel Other | $40.8M | 1% |
PENN
| Northeast segment (1) | $687.1M | 39% |
| Interactive (5) | $290.1M | 16% |
| South segment (2) | $288.3M | 16% |
| Midwest segment (4) | $282.9M | 16% |
| West segment (3) | $129.7M | 7% |
| Other | $101.0M | 6% |
