IDCC
InterDigital, Inc.
Real Estate • CIK: 0001405495
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Market Cap
$8.21B
P/E (TTM)
20.2x
Rev Growth (TTM)
-4.0%
Net Margin (TTM)
48.8%
FCF Yield (TTM)
6.4%
FCF Margin (TTM)
63.4%
Cash Flow Health
Free Cash Flow6/8 positive
TTM$529M
Q4 '25
$63M-84%
Q3 '25
$395M+278%
FCF Margin
TTM63.4%
Q4 '2539.9%-83%
Sector: 13.8%Top 25%
OCF Margin65.3%
OCF/NI1.34x
CapEx Coverage34.3x
FCF Yield6.4%
FCF Growth (2Y)+23%
Cash Conversion Cycle
108 days
DSO: 108+DIO: –−DPO: –
Capital Allocation & Returns
Balanced
Total Shareholder YieldTTM
TTM2.1%
Div Yield0.8%
+Buyback (TTM)1.2%
Balancing returns with reinvestment
Dividend & Payout Metrics
Dividend Yield (TTM)0.8%
FCF Payout Ratio12.7%
Free Cash Flow (TTM)$528.6M
Stock Repurchases (TTM)$102.3M
Capital Return / FCF30.8%
Est. Dividends Paid (TTM)$67.1M
Shows how management rewards shareholders
Operational Efficiency & Returns
Return on Invested CapitalTTM
–
P25MedianP75
(med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
–
Asset Turnover
0.42x
8Q: 0.49x
Leverage (1+D/E)
1.43x
D/E: 0.43x
Asset & CapEx Efficiency
Fixed Asset Turn
33.32x
8Q:46.01x
-6583.3%
CapEx/Depreciation
0.20x
Depreciation Rate Trend
⚠ Declining -84.9%
Asset-based ROIC formula
QUARTERLY TRENDS
Last 8 quarters + TTM
| Metric | TTM | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | $834.0M | $158.2M↓3.9% | $164.7M↓45.2% | $300.6M↑42.8% | $210.5M↓16.7% | $252.8M↑96.5% | $128.7M↓42.4% | $223.5M↓15.2% | $263.5M |
Operating Income | $460.9M | $47.8M↓37.0% | $75.8M↓63.1% | $205.4M↑55.8% | $131.8M↓18.9% | $162.5M↑313.1% | $39.3M↓70.6% | $133.9M↑29.1% | $103.7M |
Net Income | $406.6M | $43.0M↓36.3% | $67.5M↓62.6% | $180.6M↑56.2% | $115.6M↓13.2% | $133.1M↑289.3% | $34.2M↓68.8% | $109.7M↑34.3% | $81.7M |
Operating Cash Flow | $544.5M | $63.4M↓84.0% | $395.9M↑276.7% | $105.1M↑625.9% | $-20.0M↓110.4% | $192.0M↑147.4% | $77.6M↑258.7% | $-48.9M↓196.3% | $50.8M |
Free Cash Flow | $528.6M | $63.2M↓84.0% | $395.3M↑278.2% | $104.5M↑403.1% | $-34.5M↓118.3% | $188.1M↑145.2% | $76.7M↑255.1% | $-49.5M↓198.3% | $50.3M |
Total Equity | N/A |
Valuation Analysis
Fair Value
Price-to-EarningsTTM
20.2x
Volatile
8Q: 41.5x+11764%
Valuation Lenses
Earnings
20.2x
vs – sector
Cash Flow
14.4x
EV/FCF vs –
Growth-Adj
–PEG
N/A
Quality-Adj
–P/E per %ROIC
ROIC: –
Shareholder Returns
Dividend
0.8%
Buyback
1.2%
Total Yield
2.1%
Market Cap$8.21B
EV$7.63B
Multi-angle valuation analysis with sector context
Business Quality & Moat
Overall Quality Score
100/100
Exceptional
Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)
Returns on Capital
Return on Equity (ROE)Top 10%
39.6%
8Q:–
Return on Invested Capital (ROIC)
–
8Q:–
vs Sector:0.1%
Earnings Quality
Cash Conversion
1.34x
OCF / Net Income ✓
FCF Consistency
–
Positive quarters
Competitive Moat Indicators
Pricing Power
Gross Margin–
Capital Efficiency
Invested Capital Turnover–
Working Capital
Cash Conversion Cycle108 days
Growth Quality & Momentum
Moderate Growth
Growth Quality Score
56/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%
Growth Rates
Revenue Growth YoY
-4.0%
OpInc Growth YoY
-70.6%
EPS Growth YoY
-2.7%
FCF 3Y CAGR
23.2%
Growth Quality Analysis
✓Efficient Growth: Free cash flow growing faster than revenue
Margin Quality & Sustainability
Low Quality
Profitability Cascade
Gross
—
Operating
—
Net
48.8%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
—
FCF vs Net Gap
+14.6 pts
FCF: 63.4% | Net: 48.8%
Quality = stability + cash conversion + low dilution
Balance Sheet & Solvency
Fortress
Net Debt / EBITDA
Net Cash
(0.0x)Net Cash: $783.80M
Interest Coverage
–
+Net cash position: $783.80M
Leverage Metrics
Debt-to-Equity
0.43x
Balance sheet risk & solvency analysis