Quality Investor

Cirrus Logic, Inc.

Rank #124Capital ReturnWatchlistCompare with other stocks

CRUS · Nasdaq · Technology

Cirrus Logic, Inc. (CRUS) — Rank #124 by gross profitability (GP/assets 0.41) · ROE 18.9% · Piotroski F-Score 7 / 9.

As-of 2026-10-30 · CIK 0000772406 · all metrics point-in-time as of the filing date.

About

Cirrus Logic, Inc., a fabless semiconductor company, develops mixed-signal processing solutions and audio products in China, the United States, and internationally.

Show more

The company offers audio products, including amplifiers; codecs components that integrate analog-to-digital converters (ADCs) and digital-to-analog converters (DACs) into a single integrated circuit (IC); smart codecs, a codec with integrated digital signal processing; standalone digital signal processors; and SoundClear technology for use in smartphones, PCs, tablets, AR/VR headsets, wearables, home theatre systems, automotive entertainment systems, and professional audio systems. It also provides camera controllers, haptic and sensing solutions, and battery and power ICs for smartphones, as well as products for automotive, industrial, and imaging applications. The company markets and sells its products through direct sales force, external sales representatives, and distributors. Cirrus Logic, Inc.

was incorporated in 1984 and is headquartered in Austin, Texas.

Industry
Semiconductors
Sector
Technology
State
DE
Filer Category
Large accelerated filer
Fiscal Year End
March 27
Website
cirrus.com

Company Snapshot

P/E and reverse DCF are the primary valuation lenses at this stage.

Market Cap

—

P/E (annual)

—

P/S (annual)

—

P/B

—

P/OCF (annual)

—

Shareholder Yield

—

Employees

1,651

Industry

Semiconductors

Exchange

Nasdaq

12/12

Flags passed

CRUS passes 12/12 quality flags

  • PASS
    Gross margin holding
  • PASS
    Dilution within 2%
  • PASS
    FCF not negative from investment
  • PASS
    Disclosure consistent
  • PASS
    Revenue not declining
  • PASS
    Operating margin holding
  • PASS
    Free cash flow intact
  • PASS
    Passes safety gate
  • PASS
    Balance sheet stable
  • PASS
    No competitive retreat
  • PASS
    SBC not compressing margin
  • PASS
    No valuation convergence

Strengths Operating leverage expanding · Sequential beat (rev + EPS)

A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.

Quality Profile

Profitability

1/1 pass
GP / assets
0.41
Return on equity
18.9%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.17
Current ratio
7.58×
Net cash
$810.67M

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
4.1%

Growth

2/2 pass
Revenue growth
5.3%
Piotroski F-Score
7 / 9
Share dilution
-4.4%

FCF yield, shareholder yield, and buyback activity are the primary reads at this stage.

Profitability

Does it make money well?

No warning flags · GP/assets 85th percentile of 21 SIC 3674 peers

Gross profitability (GP / assets)

0.41

Primary signal (Novy-Marx).

85th pctl of 21 SIC 3674 peers

Return on equity

18.9%

Gross margin

52.8%

45th pctl of 21 SIC 3674 peers

Revenue growth (YoY)

5.3%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2023202420252026
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

1.7%

Revenue CAGR (5Y)

7.8%

Earnings CAGR (3Y)

32.9%

FCF CAGR (3Y)

27.9%

Cash Flow Health

Is the cash real?

No warning flags · FCF 54% above net income

Free cash flow

$636.61M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF vs net income

53.6%

(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.

FCF not below net income

Fails when free cash flow is below net income (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

4.1%

Stock-based comp intensity.

Balance Sheet Strength

Can it survive a storm?

No warning flags · net cash $810.67M, F-Score 7/9

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.17

89th pctl of 20 SIC 3674 peers (best = lowest)

Current ratio

7.58×

90th pctl of 21 SIC 3674 peers

Quick ratio

5.48×

Net cash

$810.67M

Cash & equivalents minus total debt.

Piotroski F-Score

7 / 9

Fundamental-strength score (0-9).

Valuation

Is the price reasonable?

No warning flags

Capital allocation quality

Composite score

4.0 / 5

Strong
Share count trend(net buybacks)
-4.4%4/5 Strong
Buyback timing
N/AN/A
Dividend growth consistency(non-payer or broken streak)
0 yr3/5 Good
Net debt trajectory(deleveraging)
10.5%5/5 Strong

Lifecycle Phase History

20212026
Value
Hypergrowth
Capital Return

Price History

CRUS+36.1% · +6.3% CAGRSPY+82.9% · +12.8% CAGR