InterDigital, Inc. (IDCC) intrinsic value & 10-year financials
InterDigital, Inc. (IDCC) has a Graham intrinsic value of $154.54 per share. At $319.30 on Oct 17, 2026, the stock trades 107% above that value. Over the last 10 fiscal years revenue grew 2.5% a year to $834.0M, with an average return on invested capital of 25.3%.
- Graham intrinsic value
- $154.54
- Share price (Oct 17, 2026)
- $319.30
- Price vs Graham value
- 107% above
- Market cap
- $11.0B
- Revenue (FY2025)
- $834.0M
- Revenue growth (10-yr CAGR)
- 2.5%
- ROIC (10-yr avg)
- 25.3%
- Free cash flow (FY2025)
- $528.6M
IDCC 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $834.0M | $406.6M | $11.80 | $528.6M | 55.3% | 47.9% |
| FY2024 | $868.5M | $358.6M | $12.07 | $265.7M | 50.6% | 46.3% |
| FY2023 | $549.6M | $214.1M | $7.62 | $209.5M | 40.3% | 28.0% |
| FY2022 | $457.8M | $93.7M | $3.07 | $282.9M | 32.9% | 20.8% |
| FY2021 | $425.4M | $55.3M | $1.77 | $127.9M | 16.7% | 9.5% |
| FY2020 | $359.0M | $44.8M | $1.44 | $151.7M | 15.4% | 9.4% |
| FY2019 | $318.9M | $20.9M | $0.66 | $84.9M | 11.9% | 4.0% |
| FY2018 | $307.4M | $63.9M | $1.81 | $144.2M | 20.4% | 8.6% |
| FY2017 | $532.9M | $170.7M | $4.87 | $313.7M | 56.6% | 26.8% |
| FY2016 | $665.9M | $305.5M | $8.78 | $424.9M | 65.7% | 52.1% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
InterDigital, Inc. has demonstrated mature, steady growth, with revenue compounding at 2.5% annually over the past decade.
InterDigital, Inc. has earned high returns on invested capital, averaging 25.3% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
InterDigital, Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, InterDigital, Inc. is modeled at 3.3% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $154.54 per share.