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Side-by-side financial comparison of Analog Devices (ADI) and Viking Holdings Ltd (VIK). Click either name above to swap in a different company.

Viking Holdings Ltd is the larger business by last-quarter revenue ($4.0B vs $3.2B, roughly 1.3× Analog Devices). Analog Devices runs the higher net margin — 26.3% vs 12.9%, a 13.4% gap on every dollar of revenue.

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.

Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.

ADI vs VIK — Head-to-Head

Bigger by revenue
VIK
VIK
1.3× larger
VIK
$4.0B
$3.2B
ADI
Higher net margin
ADI
ADI
13.4% more per $
ADI
26.3%
12.9%
VIK

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
ADI
ADI
VIK
VIK
Revenue
$3.2B
$4.0B
Net Profit
$830.8M
$514.0M
Gross Margin
64.7%
73.4%
Operating Margin
31.5%
15.2%
Net Margin
26.3%
12.9%
Revenue YoY
30.4%
Net Profit YoY
112.3%
35.4%
EPS (diluted)
$1.69
$1.15

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.

Revenue
ADI
ADI
VIK
VIK
Q1 26
$3.2B
Q4 25
$3.1B
Q3 25
$2.9B
$4.0B
Q2 25
$2.6B
$2.3B
Q1 25
$2.4B
$718.2M
Q4 24
$2.4B
Q3 24
$2.3B
$3.6B
Q2 24
$2.2B
$2.1B
Net Profit
ADI
ADI
VIK
VIK
Q1 26
$830.8M
Q4 25
$787.7M
Q3 25
$518.5M
$514.0M
Q2 25
$569.8M
$439.2M
Q1 25
$391.3M
$-105.5M
Q4 24
$478.1M
Q3 24
$392.2M
$379.7M
Q2 24
$302.2M
$159.8M
Gross Margin
ADI
ADI
VIK
VIK
Q1 26
64.7%
Q4 25
63.1%
Q3 25
62.1%
73.4%
Q2 25
61.0%
55.7%
Q1 25
59.0%
17.3%
Q4 24
58.0%
Q3 24
56.7%
74.7%
Q2 24
54.7%
57.8%
Operating Margin
ADI
ADI
VIK
VIK
Q1 26
31.5%
Q4 25
30.7%
Q3 25
28.4%
15.2%
Q2 25
25.7%
23.7%
Q1 25
20.3%
-1.3%
Q4 24
23.3%
Q3 24
21.2%
13.6%
Q2 24
17.9%
20.5%
Net Margin
ADI
ADI
VIK
VIK
Q1 26
26.3%
Q4 25
25.6%
Q3 25
18.0%
12.9%
Q2 25
21.6%
19.1%
Q1 25
16.1%
-14.7%
Q4 24
19.6%
Q3 24
17.0%
10.6%
Q2 24
14.0%
7.7%
EPS (diluted)
ADI
ADI
VIK
VIK
Q1 26
$1.69
Q4 25
$1.60
Q3 25
$1.04
$1.15
Q2 25
$1.14
$0.99
Q1 25
$0.78
$-0.24
Q4 24
$0.95
Q3 24
$0.79
$0.87
Q2 24
$0.61
$0.38

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ADI
ADI
VIK
VIK
Cash + ST InvestmentsLiquidity on hand
$2.9B
$3.0B
Total DebtLower is stronger
Stockholders' EquityBook value
$33.8B
$803.5M
Total Assets
$48.0B
$11.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADI
ADI
VIK
VIK
Q1 26
$2.9B
Q4 25
$3.7B
Q3 25
$2.3B
$3.0B
Q2 25
$2.4B
$2.6B
Q1 25
$2.3B
$2.8B
Q4 24
$2.4B
Q3 24
$2.1B
$2.4B
Q2 24
$2.4B
$1.8B
Stockholders' Equity
ADI
ADI
VIK
VIK
Q1 26
$33.8B
Q4 25
$33.8B
Q3 25
$34.1B
$803.5M
Q2 25
$35.0B
$278.3M
Q1 25
$35.1B
$-267.5M
Q4 24
$35.2B
Q3 24
$35.2B
$-688.9M
Q2 24
$35.2B
$-1.1B
Total Assets
ADI
ADI
VIK
VIK
Q1 26
$48.0B
Q4 25
$48.0B
Q3 25
$48.2B
$11.5B
Q2 25
$47.3B
$11.1B
Q1 25
$48.0B
$10.7B
Q4 24
$48.2B
Q3 24
$48.6B
Q2 24
$48.9B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ADI
ADI
VIK
VIK
Operating Cash FlowLast quarter
$1.4B
$663.9M
Free Cash FlowOCF − Capex
$1.3B
FCF MarginFCF / Revenue
39.8%
Capex IntensityCapex / Revenue
3.5%
Cash ConversionOCF / Net Profit
1.65×
1.29×
TTM Free Cash FlowTrailing 4 quarters
$4.6B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADI
ADI
VIK
VIK
Q1 26
$1.4B
Q4 25
$1.7B
Q3 25
$1.2B
$663.9M
Q2 25
$819.5M
$470.7M
Q1 25
$1.1B
$587.9M
Q4 24
$1.1B
Q3 24
$855.0M
$828.7M
Q2 24
$807.9M
$419.8M
Free Cash Flow
ADI
ADI
VIK
VIK
Q1 26
$1.3B
Q4 25
$1.5B
Q3 25
$1.1B
Q2 25
$729.2M
Q1 25
$977.8M
Q4 24
$885.4M
Q3 24
$701.1M
Q2 24
$619.7M
FCF Margin
ADI
ADI
VIK
VIK
Q1 26
39.8%
Q4 25
48.3%
Q3 25
37.7%
Q2 25
27.6%
Q1 25
40.4%
Q4 24
36.2%
Q3 24
30.3%
Q2 24
28.7%
Capex Intensity
ADI
ADI
VIK
VIK
Q1 26
3.5%
Q4 25
7.0%
Q3 25
2.7%
Q2 25
3.4%
Q1 25
6.1%
Q4 24
6.8%
Q3 24
6.7%
Q2 24
8.7%
Cash Conversion
ADI
ADI
VIK
VIK
Q1 26
1.65×
Q4 25
2.16×
Q3 25
2.25×
1.29×
Q2 25
1.44×
1.07×
Q1 25
2.88×
Q4 24
2.20×
Q3 24
2.18×
2.18×
Q2 24
2.67×
2.63×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ADI
ADI

Sales Channel Directly To Consumer$1.4B44%
Automotive$794.4M25%
Communications$476.8M15%
Consumer$399.8M13%
Other$71.3M2%
Sales Channel Other$40.8M1%

VIK
VIK

Segment breakdown not available.

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