/
InterDigital, Inc. ("InterDigital") is a global research and development company focused primarily on wireless, video, artificial intelligence ("AI"), and related technologies. We design and develop foundational technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services.
$264.79
+$0.94 (+0.36%)
Price from 15 days ago
Margins and capital returns are both well above average: 55.26% operating margin, ROIC at 27.06%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue declined 4.0% YoY. The question is whether this is cyclical or a structural shift.
At 25x earnings, the current multiple leaves limited room for execution misses or growth deceleration.
25.2x earnings, 16.2x FCF. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$829M
▼ -4.0% YoY
Net Income (TTM)
$366M
▲ +13.4% YoY
Op. Margin
49.62%
▲ +4.7pp YoY
ROIC
23.04%
▼ -1.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$578M
▲ +98.9% YoY
Op. Cash Flow (TTM)
$581M
▲ +100.5% YoY
Net Debt
-$680M
Net Cash Position
Cash & Equiv.
$1.08B
5Y CAGR: +18.4%
5Y CAGR: +28.4%
Continue Research