Is the business good?
How good a business is SWKS?
Skyworks Solutions earns 6.0% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
6.0%
Return on invested capital · cost of capital 9.0% · 3.0 points below what the capital costs: growth destroys value
- Operating margin
- 9.1%
Operating margin · Semiconductors median 8.5% · 12 months to Q2 2026
- Cash conversion
- 1.95×
Cash conversion · 3.28× a year ago · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- −5.2%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | 27% |
| FY2021 | 32% |
| FY2022 | 28% |
| FY2023 | 24% |
| FY2024 | 15% |
| FY2025 | 12% |
Details›
- Gross margin12 months to Q2 2026
- 41%
- Operating margin12 months to Q2 2026
- 9.1%
- Net margin12 months to Q2 2026
- 8.9%
- Free cash flow margin
- 17%
- R&D as % of revenue
- 21%
- Revenue, trailing twelve months
- $4.04B
- Free cash flow, trailing twelve months
- $704M
- Net income, trailing twelve months
- $361M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 6.0%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.