Qorvo (QRVO) stock price, revenue, and financials

Qorvo market cap is $17.2 b, and annual revenue was $4.02 b in FY 2021

$17.2 B

QRVO Mkt cap, 31-Dec-2021

$1.1 B

Qorvo Revenue Q1, 2022
Qorvo Gross profit (Q1, 2022)546.2 M
Qorvo Gross profit margin (Q1, 2022), %49.2%
Qorvo Net income (Q1, 2022)285.6 M
Qorvo EBIT (Q1, 2022)297.1 M
Qorvo Cash, 03-Jul-20211.2 B
Qorvo EV17.7 B
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Qorvo Revenue

Qorvo revenue was $4.02 b in FY, 2021 which is a 24% year over year increase from the previous period.

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Qorvo Revenue Breakdown

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Qorvo revenue breakdown by business segment: 28.9% from Infrastructure and Defense Products and 71.1% from Mobile Products

Qorvo revenue breakdown by geographic segment: 6.2% from Taiwan, 39.3% from China, 40.6% from United States, 9.1% from Other Asia and 4.8% from Other

Qorvo Income Statement

Annual

USDFY, 2019FY, 2020FY, 2021

Revenue

3.1b3.2b4.0b

Revenue growth, %

4%5%24%

Cost of goods sold

1.9b1.9b2.1b

Gross profit

1.2b1.3b1.9b

Gross profit Margin, %

39%41%47%

R&D expense

450.5m484.4m570.4m

General and administrative expense

476.1m343.6m367.2m

Operating expense total

978.7m898.5m976.9m

EBIT

216.5m423.2m906.6m

EBIT margin, %

7%13%23%

Interest expense

44.0m60.4m75.2m

Interest income

11.0m12.1m

Pre tax profit

91.8m395.1m807.4m

Income tax expense

(41.3m)60.8m73.8m

Net Income

133.1m334.3m733.6m

EPS

1.12.86.3

Qorvo Balance Sheet

Annual

USDFY, 2019FY, 2020FY, 2021

Cash

711.0m714.9m1.4b

Accounts Receivable

378.2m367.2m457.4m

Prepaid Expenses

25.8m37.9m41.6m

Inventories

511.8m517.2m507.8m

Current Assets

1.7b1.7b2.5b

PP&E

1.4b1.3b1.3b

Goodwill

2.2b2.6b2.6b

Total Assets

5.8b6.6b7.2b

Accounts Payable

233.3m247.0m313.9m

Short-term debt

6.9m5.1m

Current Liabilities

435.6m539.0m681.6m

Long-term debt

919.3m1.6b1.7b

Total Debt

919.3m1.6b1.7b

Total Liabilities

1.4b2.3b2.6b

Common Stock

4.7b4.3b4.2b

Retained Earnings

(321.2m)355.0m

Total Equity

4.4b4.3b4.6b

Debt to Equity Ratio

0.2 x0.4 x0.4 x

Debt to Assets Ratio

0.2 x0.2 x0.2 x

Financial Leverage

1.3 x1.5 x1.6 x

Qorvo Cash Flow

Annual

USDFY, 2019FY, 2020FY, 2021

Net Income

133.1m334.3m733.6m

Depreciation and Amortization

663.1m468.9m456.1m

Accounts Receivable

(32.1m)21.0m(91.3m)

Inventories

(39.6m)10.3m9.4m

Accounts Payable

15.2m15.4m34.2m

Cash From Operating Activities

810.4m945.6m1.3b

Purchases of PP&E

(220.9m)(164.1m)(187.0m)

Cash From Investing Activities

(247.6m)(1.1b)(218.7m)

Long-term Borrowings

(1.1b)(1.1b)

Cash From Financing Activities

(776.7m)165.6m(401.9m)

Net Change in Cash

(215.0m)4.2m682.7m

Interest Paid

64.9m54.4m81.2m

Income Taxes Paid

69.5m55.5m53.2m

Qorvo Ratios

USDFY, 2019

EV/EBIT

41.7 x

EV/CFO

11.1 x

Revenue/Employee

381.5k

Debt/Equity

0.2 x

Debt/Assets

0.2 x

Financial Leverage

1.3 x

P/E Ratio

68.3

Qorvo Operating Metrics

FY, 2018FY, 2019FY, 2020FY, 2021Sep, 2021

Patents Issued

1.3 k1.4 k1.97 k2.18 k

Products

2 k

Products Shipped (BAW Filters)

9 b

Qorvo Employee Rating

3.7334 votes
Culture & Values
3.7
Work/Life Balance
3.8
Senior Management
3.3
Salary & Benefits
3.7
Career Opportunities
3.4
Source