Analog Devices, Inc. (ADI)
Analog Devices designs high-performance analog, mixed-signal, and power-management chips for industrial, communications, and automotive markets.
ADI vs JBL: how the two businesses compare
- Bigger business: JBL, with $29.8B of yearly revenue, about 2.7× ADI's $11.0B.
- More profitable: ADI keeps 21 cents of each sales dollar as profit, against 2 cents at JBL.
- More cash from each sale: ADI turns 44 cents of each sales dollar into operating cash flow, against 6 cents at JBL.
From each company's latest annual SEC filing. Fiscal years can end on different dates.
Jabil (JBL) is the larger business by reported revenue: $29.8B in its fiscal year ended Aug 2025, about 2.7× ADI's $11.0B (fiscal year ended Nov 2025). ADI's net margin was 20.6% and JBL's 2.2%. The SEC places them in related industries (Semiconductors & Related Devices; Printed Circuit Boards), and both map to the Tariffs & trade research theme.
Figures come from each company's own SEC filings. This page compares the businesses; it is not a price target or a verdict.
- Information Technology
- Different
- Separate classifications
- Different
- ADI October 31 · JBL August 31
- Oct 23, 2026
ADI vs JBL: quick comparison
| Company fact | ADI | JBL |
|---|---|---|
| Company | Analog Devices, Inc. | Jabil Inc. |
| Exchange | NASDAQ | NYSE |
| SEC industry | Semiconductors & Related Devices | Printed Circuit Boards |
| Fiscal year-end | October 31 | August 31 |
| Latest annual filing | 10-K · 2025-11-25 | 10-K · 2026-10-23 |
ADI vs JBL: audited financials
- Scale: JBL's $29.8B of revenue is about 2.7× ADI's $11.0B.
- Net margin: ADI kept 20.6% of revenue as net income versus 2.2% at JBL.
- Cash conversion: operating cash flow equalled ADI 43.7% of revenue, or 2.12× net income; JBL 5.5% of revenue, or 2.50× net income. A ratio well above 1× usually reflects non-cash charges or working-capital release; well below 1× can reflect working-capital build or non-cash gains.
- Periods: the fiscal years end about 2 months apart (2025-11-01 for ADI, 2025-08-31 for JBL), so each figure reflects somewhat different demand and cost conditions.
| Metric | ADI | JBL |
|---|---|---|
| Revenue | $11.0B2024-11-03 to 2025-11-01 · SEC filing | $29.8B2024-09-01 to 2025-08-31 · SEC filing |
| Net income | $2.3B2024-11-03 to 2025-11-01 · SEC filing | $657M2024-09-01 to 2025-08-31 · SEC filing |
| Operating cash flow | $4.8B2024-11-03 to 2025-11-01 · SEC filing | $1.6B2024-09-01 to 2025-08-31 · SEC filing |
| Diluted EPS | $4.562024-11-03 to 2025-11-01 · SEC filing | $5.922024-09-01 to 2025-08-31 · SEC filing |
| Net margin | 20.6%2024-11-03 to 2025-11-01 · SEC filing | 2.2%2024-09-01 to 2025-08-31 · SEC filing |
ADI: FY ending 2025-11-01 · JBL: FY ending 2025-08-31. Figures as tagged in each issuer's SEC XBRL filing; fiscal calendars may not align.
Where ADI and JBL overlap, and where they don't
Overlap
- Related SEC industries: both sit in SIC major group 36.
- Shared research theme: Tariffs & trade.
Differences
- Different four-digit SIC codes: ADI is 3674 (Semiconductors & Related Devices); JBL is 3672 (Printed Circuit Boards).
- Offset fiscal calendars: ADI's year ends October 31 and JBL's August 31, about 2 months apart.
- Scale: JBL reported about 2.7× the annual revenue of ADI.
- Profitability: net margin of 20.6% for ADI versus 2.2% for JBL.
Overlap is drawn from SEC classifications and Yield Theory research themes. It is not evidence that the companies sell to the same customers or compete product for product.
Jabil Inc. (JBL)
Jabil provides contract electronics manufacturing and supply-chain services for a broad range of hardware makers.
What moves each company
Company-specific drivers maintained by Yield Theory. Use them to decide which filing deserves deeper work; they are not predictions.
What moves ADI
We have not yet published a company-specific driver list for ADI. The primary source is Item 1 (Business) and Item 1A (Risk Factors) of its 10-K filed 2025-11-25.
What moves JBL
We have not yet published a company-specific driver list for JBL. The primary source is Item 1 (Business) and Item 1A (Risk Factors) of its 10-K filed 2026-10-23.
The investment question
You now know JBL reports about 2.7× ADI's revenue, and ADI keeps more of each dollar as net income. Those are the facts. The investment question is what each share price already assumes about their exposure to tariffs & trade, and which evidence in the next filings would prove that assumption wrong.
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Read the full researchSEC filing comparison and disclosure evidence
Start with primary filings because fiscal calendars and accounting presentation can make superficially similar quarters incomparable. ADI's fiscal year ends October 31, while JBL's ends August 31. Normalize the reporting periods before comparing growth, margins, capital intensity, or guidance.
The current verified House and Senate snapshot contains 27 matched transaction rows for ADI and 0 matched transaction rows for JBL. These delayed, range-based disclosures can identify a filing to inspect; they do not establish motive, conviction, or a real-time trading signal.
ADI primary filings
JBL primary filings
What this comparison cannot tell you
This page does not contain licensed live prices, a valuation model, earnings estimates, portfolio constraints, or a forecast of future returns. SEC classifications can be broad, company descriptions can lag strategic change, and the latest annual filing may predate a material acquisition or divestiture. Read subsequent quarterly and current reports before making a decision.
A stronger business is not automatically the better stock. Starting valuation, expectations, capital structure, cyclicality, dilution, and the probability of each thesis determine the investment outcome. Use this comparison to frame the work, then verify the numbers in the linked filings and current company disclosures.
ADI vs JBL FAQs
Are ADI and JBL direct competitors?
Not necessarily. Analog Devices files as Semiconductors & Related Devices and Jabil as Printed Circuit Boards. The pair is compared because both map to the Tariffs & trade research theme, not because the filings show head-to-head competition.
Is ADI or JBL the bigger company by revenue?
Jabil (JBL) is the larger business by reported revenue: $29.8B in its fiscal year ended Aug 2025, about 2.7× ADI's $11.0B (fiscal year ended Nov 2025). ADI's net margin was 20.6% and JBL's 2.2%. The SEC places them in related industries (Semiconductors & Related Devices; Printed Circuit Boards), and both map to the Tariffs & trade research theme. Each figure is the annual amount tagged in the company's own SEC XBRL filing; market value depends on live prices, which this page does not publish.
Which is better, ADI or JBL?
There is no context-free winner. Compare the operating exposures, filing evidence, valuation, balance sheet, and risks against the specific thesis you are testing. This page deliberately does not turn a static profile into a buy or sell recommendation.
Does this ADI vs JBL comparison include live prices?
No. Yield Theory does not republish unlicensed real-time market data. The financial figures on this page are the audited annual numbers Analog Devices, Inc. and Jabil Inc. tagged in their SEC XBRL filings. Use a regulated broker or licensed quote provider for current prices and valuation multiples.
Where does the company information come from?
Company classifications, fiscal year-ends, and filing links come from the SEC EDGAR submissions API snapshot refreshed 2026-11-09. Business summaries and research themes are maintained by Yield Theory.
Data snapshot: SEC EDGAR submissions API, refreshed 2026-11-09. Independent educational research; not investment advice.
Which business differences matter to the investment thesis?
ADI vs JBL compares reported results. The reports below show how we connect operating evidence to an investment thesis, its assumptions, catalysts, and risks. $39/month or $249/year.
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