ADT Inc Financials

ADT

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows ADT Inc (ADT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 57/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

ADT Inc has an operating margin of 25.5%, meaning the company retains $26 of operating profit per $100 of revenue. This strong profitability earns a score of 79/100, reflecting efficient cost management and pricing power. This is up from 24.7% the prior year.

Growth

ADT Inc's revenue grew a modest 4.7% year-over-year to $5.1B. This slow but positive growth earns a score of 41/100.

Leverage

ADT Inc has a moderate D/E ratio of 1.95. This balance of debt and equity financing earns a leverage score of 62/100.

Liquidity

ADT Inc's current ratio of 0.93 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 13/100, which could limit financial flexibility.

Cash Flow

100

ADT Inc converts 33.3% of revenue into free cash flow ($1.7B). This strong cash generation earns a score of 100/100.

Returns

ADT Inc's ROE of 15.8% shows moderate profitability relative to equity, earning a score of 46/100. This is up from 13.2% the prior year.

Altman Z-Score Distress

0.61

ADT Inc scores 0.61, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Strong

7/9

ADT Inc passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

3.16x

For every $1 of reported earnings, ADT Inc generates $3.16 in operating cash flow ($1.9B OCF vs $596.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

2.8x

ADT Inc earns $2.8 in operating income for every $1 of interest expense ($1.3B vs $470.0M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue

$5.1B

YoY+4.7%

5Y CAGR-0.7%

ADT Inc generated $5.1B in revenue in fiscal year 2025. This represents an increase of 4.7% from the prior year.

EBITDA

$2.7B

YoY+4.9%

5Y CAGR+6.5%

ADT Inc's EBITDA was $2.7B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 4.9% from the prior year.

Net Income

$596.0M

YoY+18.9%

ADT Inc reported $596.0M in net income in fiscal year 2025. This represents an increase of 18.9% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

$1.7B

YoY-0.7%

5Y CAGR+7.2%

ADT Inc generated $1.7B in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 0.7% from the prior year.

Cash & Debt

$80.8M

YoY-16.0%

5Y CAGR-17.0%

ADT Inc held $80.8M in cash against $7.4B in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.22

YoY+0.0%

ADT Inc paid $0.22 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Shares Outstanding

N/A

Margins & Returns

Gross Margin

N/A

Operating Margin

25.5%

YoY+0.9pp

5Y CAGR+24.8pp

ADT Inc's operating margin was 25.5% in fiscal year 2025, reflecting core business profitability. This is up 0.9 percentage points from the prior year.

Net Margin

11.6%

YoY+1.4pp

5Y CAGR+23.5pp

ADT Inc's net profit margin was 11.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.4 percentage points from the prior year.

Return on Equity

15.8%

YoY+2.6pp

5Y CAGR+36.6pp

ADT Inc's ROE was 15.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 2.6 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$606.8M

YoY+152.2%

5Y CAGR+986.9%

ADT Inc spent $606.8M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 152.2% from the prior year.

Capital Expenditures

$175.7M

YoY+7.3%

5Y CAGR+2.3%

ADT Inc invested $175.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 7.3% from the prior year.

ADT Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$5.1B+4.7%	$4.9B+5.3%	$4.7B+6.2%	$4.4B+4.3%	$4.2B-20.9%	$5.3B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.5B-2.1%	$1.5B+8.2%	$1.4B+2.8%	$1.3B-12.5%	$1.5B-10.6%	$1.7B
Operating Income	$1.3B+8.3%	$1.2B+2.5%	$1.2B+62.6%	$725.1M+7305.7%	$9.8M-75.9%	$40.6M
Interest Expense	$470.0M+4.2%	$451.0M-23.0%	$586.0M+111.6%	$277.0M-39.4%	$457.0M-35.6%	$710.0M
Income Tax	$233.3M+19.2%	$195.8M+21.9%	$160.6M+83.1%	$87.7M+166.6%	-$131.7M+10.3%	-$146.7M
Net Income	$596.0M+18.9%	$501.1M+8.2%	$463.0M+249.0%	$132.7M+138.9%	-$340.8M+46.1%	-$632.2M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$1.3B-1.7%	$1.3B+0.8%	$1.3B+1.5%	$1.3B+0.6%	$1.3B+1.3%	$1.2B+3.3%	$1.2B+1.3%	$1.2B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$360.4M-6.2%	$384.4M+7.9%	$356.1M-3.4%	$368.6M	N/A	$360.1M-7.7%	$390.3M+5.4%	$370.2M
Operating Income	$332.6M+5.6%	$315.1M-7.9%	$342.0M+7.1%	$319.3M+4.5%	$305.4M-6.4%	$326.4M+14.8%	$284.2M-2.7%	$292.1M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$68.4M+24.1%	$55.1M-6.2%	$58.7M+15.1%	$51.0M	N/A	$50.2M-16.1%	$59.8M+6.0%	$56.4M
Net Income	$145.4M+0.2%	$145.1M-12.1%	$165.2M+17.8%	$140.2M-26.2%	$190.0M+49.4%	$127.2M+37.6%	$92.4M+0.9%	$91.6M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

ADT Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$15.8B-1.4%	$16.1B+0.5%	$16.0B-10.4%	$17.8B+5.5%	$16.9B+4.8%	$16.1B
Current Assets	$945.6M-5.9%	$1.0B0.0%	$1.0B-41.7%	$1.7B+73.5%	$992.5M+2.6%	$967.4M
Cash & Equivalents	$80.8M-16.0%	$96.2M+558.0%	$14.6M-94.3%	$257.2M+951.9%	$24.5M-88.1%	$205.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$384.9M-2.2%	$393.5M+6.3%	$370.2M+10.7%	$334.6M-24.3%	$442.2M+31.6%	$336.0M
Goodwill	$4.9B-0.4%	$4.9B0.0%	$4.9B-9.7%	$5.4B-3.1%	$5.6B+7.0%	$5.2B
Total Liabilities	$12.0B-1.7%	$12.3B+0.6%	$12.2B-15.6%	$14.4B+5.7%	$13.6B+4.3%	$13.1B
Current Liabilities	$1.0B-19.8%	$1.3B-14.6%	$1.5B-44.4%	$2.7B+56.2%	$1.7B+31.4%	$1.3B
Long-Term Debt	$7.4B-1.8%	$7.5B0.0%	$7.5B-16.0%	$8.9B-6.6%	$9.6B+1.3%	$9.4B
Total Equity	$3.8B-0.6%	$3.8B+0.3%	$3.8B+11.7%	$3.4B+4.4%	$3.2B+6.9%	$3.0B
Retained Earnings	-$2.9B+12.4%	-$3.3B+8.3%	-$3.6B+8.4%	-$3.9B+0.1%	-$4.0B-13.2%	-$3.5B

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$15.8B-1.0%	$16.0B+0.1%	$16.0B+0.9%	$15.8B-1.4%	$16.1B-0.2%	$16.1B+0.6%	$16.0B+0.3%	$15.9B
Current Assets	$945.6M-4.3%	$988.0M+5.1%	$940.3M+9.6%	$857.5M-14.7%	$1.0B+0.2%	$1.0B+1.8%	$985.5M-1.5%	$1.0B
Cash & Equivalents	$80.8M+28.7%	$62.8M+39.0%	$45.2M+1107.1%	$3.7M-96.1%	$96.2M+0.9%	$95.3M+151.7%	$37.9M+837.5%	$4.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$384.9M-3.9%	$400.4M-1.5%	$406.6M+2.9%	$395.3M+0.4%	$393.5M-0.9%	$396.9M+2.7%	$386.5M-0.3%	$387.5M
Goodwill	$4.9B0.0%	$4.9B-0.4%	$4.9B0.0%	$4.9B0.0%	$4.9B0.0%	$4.9B0.0%	$4.9B0.0%	$4.9B
Total Liabilities	$12.0B-2.3%	$12.3B+0.1%	$12.3B+0.8%	$12.2B-0.3%	$12.3B+0.5%	$12.2B+0.1%	$12.2B-0.3%	$12.2B
Current Liabilities	$1.0B-31.4%	$1.5B-28.0%	$2.1B+83.7%	$1.1B-11.6%	$1.3B+1.5%	$1.2B-5.3%	$1.3B-6.7%	$1.4B
Long-Term Debt	$7.4B+1.3%	$7.3B+7.9%	$6.8B-11.3%	$7.6B+1.4%	$7.5B-0.2%	$7.5B-0.1%	$7.5B-0.5%	$7.6B
Total Equity	$3.8B+3.3%	$3.7B0.0%	$3.7B+1.2%	$3.6B-4.8%	$3.8B-2.5%	$3.9B+2.3%	$3.8B+1.9%	$3.7B
Retained Earnings	-$2.9B+3.3%	-$3.0B+3.2%	-$3.1B+3.7%	-$3.2B+2.8%	-$3.3B+4.1%	-$3.5B+2.2%	-$3.5B+1.2%	-$3.6B

ADT Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$1.9B0.0%	$1.9B+13.7%	$1.7B-12.2%	$1.9B+14.4%	$1.6B+20.7%	$1.4B
Capital Expenditures	$175.7M+7.3%	$163.8M-7.1%	$176.4M-0.2%	$176.7M+5.0%	$168.2M+7.0%	$157.2M
Free Cash Flow	$1.7B-0.7%	$1.7B+16.2%	$1.5B-13.4%	$1.7B+15.5%	$1.5B+22.5%	$1.2B
Investing Cash Flow	-$1.1B+13.7%	-$1.3B-634.2%	$242.5M+115.8%	-$1.5B+9.6%	-$1.7B-49.1%	-$1.1B
Financing Cash Flow	-$861.9M-67.2%	-$515.4M+76.0%	-$2.1B-14353.2%	-$14.8M+88.5%	-$128.4M-82.8%	-$70.3M
Dividends Paid	$186.8M+2.5%	$182.3M+41.7%	$128.6M+1.2%	$127.1M+9.3%	$116.3M+6.4%	$109.3M
Share Buybacks	$606.8M+152.2%	$240.6M	$0-100.0%	$1.2B	$0-100.0%	$4K

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$373.6M-22.2%	$480.1M-14.9%	$563.9M+20.8%	$466.6M+1.5%	$459.7M-7.7%	$498.2M-11.5%	$563.2M+54.8%	$363.8M
Capital Expenditures	$50.1M+17.4%	$42.6M+13.3%	$37.6M-17.1%	$45.4M+34.8%	$33.7M-21.1%	$42.7M-8.5%	$46.7M+14.8%	$40.7M
Free Cash Flow	$323.5M-26.0%	$437.4M-16.9%	$526.3M+24.9%	$421.2M-1.1%	$426.0M-6.5%	$455.5M-11.8%	$516.5M+59.9%	$323.1M
Investing Cash Flow	-$196.8M+34.1%	-$298.4M+18.1%	-$364.3M-41.1%	-$258.3M+1.1%	-$261.1M+35.0%	-$401.7M-20.8%	-$332.6M-10.8%	-$300.1M
Financing Cash Flow	-$239.3M-46.8%	-$163.0M-17.9%	-$138.3M+56.9%	-$321.2M-61.2%	-$199.3M-389.5%	-$40.7M+79.7%	-$200.4M-167.2%	-$75.0M
Dividends Paid	$45.0M-1.8%	$45.8M-2.7%	$47.1M-3.8%	$48.9M-2.3%	$50.1M0.0%	$50.0M+0.2%	$50.0M+55.1%	$32.2M
Share Buybacks	$0-100.0%	$111.7M+13.3%	$98.5M-75.1%	$396.6M+169.4%	$147.2M	$0	$0-100.0%	$93.4M

ADT Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	25.5%+0.9pp	24.7%-0.7pp	25.3%+8.8pp	16.6%+16.3pp	0.2%-0.5pp	0.8%
Net Margin	11.6%+1.4pp	10.2%+0.3pp	10.0%+6.9pp	3.0%+11.1pp	-8.1%+3.8pp	-11.9%
Return on Equity	15.8%+2.6pp	13.2%+1.0pp	12.2%+8.3pp	3.9%+14.4pp	-10.5%+10.3pp	-20.8%
Return on Assets	3.8%+0.6pp	3.1%+0.2pp	2.9%+2.2pp	0.7%+2.8pp	-2.0%+1.9pp	-3.9%
Current Ratio	0.93+0.1	0.80+0.1	0.68+0.0	0.65+0.1	0.58-0.2	0.75
Debt-to-Equity	1.95-0.0	1.980.0	1.98-0.7	2.64-0.3	2.95-0.2	3.11
FCF Margin	33.3%-1.8pp	35.1%+3.3pp	31.8%-7.2pp	39.1%+3.8pp	35.3%+12.5pp	22.8%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	26.1%+1.8pp	24.3%-2.3pp	26.6%+1.4pp	25.2%+1.0pp	24.2%-2.0pp	26.2%+2.7pp	23.6%-1.0pp	24.6%
Net Margin	11.4%+0.2pp	11.2%-1.7pp	12.8%+1.8pp	11.1%-4.0pp	15.1%+4.9pp	10.2%+2.5pp	7.7%-0.0pp	7.7%
Return on Equity	3.9%-0.1pp	4.0%-0.5pp	4.5%+0.6pp	3.9%-1.1pp	5.0%+1.7pp	3.3%+0.8pp	2.4%-0.0pp	2.5%
Return on Assets	0.9%0.0pp	0.9%-0.1pp	1.0%+0.1pp	0.9%-0.3pp	1.2%+0.4pp	0.8%+0.2pp	0.6%0.0pp	0.6%
Current Ratio	0.93+0.3	0.67+0.2	0.46-0.3	0.77-0.0	0.80-0.0	0.81+0.1	0.75+0.0	0.71
Debt-to-Equity	1.95-0.0	1.99+0.1	1.84-0.3	2.10+0.1	1.98+0.0	1.93-0.0	1.98-0.0	2.03
FCF Margin	25.4%-8.4pp	33.7%-7.2pp	40.9%+7.7pp	33.2%-0.6pp	33.8%-2.8pp	36.6%-6.3pp	42.9%+15.7pp	27.2%

Note: The current ratio is below 1.0 (0.93), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is ADT Inc's annual revenue?

ADT Inc (ADT) reported $5.1B in total revenue for fiscal year 2025. This represents a 4.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is ADT Inc's revenue growing?

ADT Inc (ADT) revenue grew by 4.7% year-over-year, from $4.9B to $5.1B in fiscal year 2025.

Is ADT Inc profitable?

Yes, ADT Inc (ADT) reported a net income of $596.0M in fiscal year 2025, with a net profit margin of 11.6%.

What is ADT Inc's EBITDA?

ADT Inc (ADT) had EBITDA of $2.7B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does ADT Inc have?

As of fiscal year 2025, ADT Inc (ADT) had $80.8M in cash and equivalents against $7.4B in long-term debt.

What is ADT Inc's operating margin?

ADT Inc (ADT) had an operating margin of 25.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is ADT Inc's net profit margin?

ADT Inc (ADT) had a net profit margin of 11.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does ADT Inc pay dividends?

Yes, ADT Inc (ADT) paid $0.22 per share in dividends during fiscal year 2025.

What is ADT Inc's return on equity (ROE)?

ADT Inc (ADT) has a return on equity of 15.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is ADT Inc's free cash flow?

ADT Inc (ADT) generated $1.7B in free cash flow during fiscal year 2025. This represents a -0.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is ADT Inc's operating cash flow?

ADT Inc (ADT) generated $1.9B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are ADT Inc's total assets?

ADT Inc (ADT) had $15.8B in total assets as of fiscal year 2025, including both current and long-term assets.

What are ADT Inc's capital expenditures?

ADT Inc (ADT) invested $175.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does ADT Inc buy back shares?

Yes, ADT Inc (ADT) spent $606.8M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

What is ADT Inc's current ratio?

ADT Inc (ADT) had a current ratio of 0.93 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is ADT Inc's debt-to-equity ratio?

ADT Inc (ADT) had a debt-to-equity ratio of 1.95 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is ADT Inc's return on assets (ROA)?

ADT Inc (ADT) had a return on assets of 3.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is ADT Inc's Altman Z-Score?

ADT Inc (ADT) has an Altman Z-Score of 0.61, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is ADT Inc's Piotroski F-Score?

ADT Inc (ADT) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are ADT Inc's earnings high quality?

ADT Inc (ADT) has an earnings quality ratio of 3.16x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can ADT Inc cover its interest payments?

ADT Inc (ADT) has an interest coverage ratio of 2.8x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is ADT Inc?

ADT Inc (ADT) scores 57 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.