IDCC
InterDigital, Inc.
Next earnings Jul 29, 2026 · consensus $0.93 EPS, $146M rev
Last earnings -15.9% on 2026-04-30
$275.86
▲ +0.97%$275.86▲ +19.76%
over 1Y
L $219.58EODHDH $394.78
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+1.0%
1W-7.4%
1M+9.3%
3M-8.2%
YTD-15.1%
1Y+19.8%
Buy
Conviction
Horizon
Long (>12mo)
12-mo target
$•••
Street · 10 analysts
Strong Buy
InterDigital is a 55%-margin patent-licensing machine with 37% ROE and surging cash flow, reasonably priced at 25x.
Operating margin 55.3% · FY2025
The read
The fundamentals carry the rating, but the price is rich (~23% above our fair-value estimate) — a quality-at-a-price call. The case rests on the business, not the entry; patient buyers may wait for a pullback.
InterDigital is a pure-play patent-licensing business with one of the most attractive financial profiles in the market: a 55.3% operating margin, 48.8% net margin, and a 36.9% return on equity. These reflect the economics of a capital-light IP model — the company licenses its wireless, video and AI standard-essential patents to device makers and collects high-incremental-margin royalties against minimal capex ($15.9M). FY2025 net income grew 13.4% to $407M even as revenue dipped 4.0% to $834M, the dip reflecting the inherent lumpiness of catch-up payments and new-deal timing rather than business deterioration — the multi-year trajectory (revenue $425M in FY2021 to $834M now, net income $55M to $407M) is sharply higher.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $425M | $458M | $550M | $869M | $834M |
| Gross profit | — | — | — | — | — |
| Operating income | $71.2M | $151M | $222M | $440M | $461M |
| Net income | $55.3M | $93.7M | $214M | $359M | $407M |
| Diluted EPS | $1.77 | $3.07 | $7.62 | $12.07 | $11.80 |
| Net margin | 13.0% | 20.5% | 39.0% | 41.3% | 48.8% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$6.82B
EV / EBITDA12.7
EV / Sales8.2
EV / FCF12.9
P / FCF13.4
PEG (trailing)1.75
Earnings yield5.7%
FCF yield7.5%
Quality & risk
ROIC (est.)23.1%
Free cash flow$529M
Total debt$475M
Net cash$264M
Altman Z-Score7.36 safe
Piotroski F-Score6/8
Capital returns
Buyback yield1.4%
Dividend yield (est.)0.9%
Shareholder yield2.3%
Shares Δ YoY+0.0%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRoutine disclosure cadence — no material red flags in recent filings.
Recent filings
all on EDGAR ↗4Period ending 2026-06-222026-06-23open ↗144Filing2026-06-22open ↗4Period ending 2026-06-122026-06-16open ↗4Period ending 2026-06-122026-06-16open ↗4Period ending 2026-06-122026-06-16open ↗4Period ending 2026-06-122026-06-16open ↗8-KPeriod ending 2026-06-102026-06-15open ↗4Period ending 2026-06-102026-06-12open ↗4Period ending 2026-06-102026-06-12open ↗4Period ending 2026-06-102026-06-12open ↗4Period ending 2026-06-102026-06-12open ↗4Period ending 2026-06-102026-06-12open ↗
Frequently asked
- Is InterDigital, Inc. (IDCC) a buy?
- IDCC currently carries a Buy rating with 4/5 conviction, derived from its latest SEC filings. InterDigital is a 55%-margin patent-licensing machine with 37% ROE and surging cash flow, reasonably priced at 25x.
- What is IDCC's fair value?
- A Modified-Graham model based on IDCC's SEC fundamentals estimates a fair value of about $212.14. It is an estimate from reported earnings, not a price target.
- Is IDCC overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, IDCC currently appears overvalued relative to its SEC-grounded earnings power.
- What is InterDigital, Inc.'s quality score?
- IDCC scores 72.76470588235294/100 (grade B) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001405495, latest 10-Q filed 2026-04-30) · EODHD · analysis by claude-code · as of 6/21/2026, 8:51:08 PM.
Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.