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Provider of residential and small-business security, smart-home and monitoring services across the United States.
Provider of residential and small-business security, smart-home and monitoring services across the United States.
Sells equipment and installation, then bills customers a monthly fee to monitor the system, and that base of subscribers, held in place by multi-year contracts, is what carries the business. Costs are mostly the commissions and installation needed to add each new customer. Google invested in 2020 to bring its Nest devices into ADT systems.
Moat: narrow (brand, installed base, switching costs). Long-established security brand and installed monitored-customer base create recurring, sticky subscription revenue.
Headquarters: Boca Raton, Florida · Founded: 1874 · Employees: 12,200
Size ADT (ADT) is a United States Consumer Discretionary company (Miscellaneous Commercial Services) with a market value of $6.66B, the 986th largest of 3,117 United States companies the cockpit tracks. Shares closed at $9.86 on 6 Nov 2026.
Performance Over six months the shares gained 43.5%, against -8.4% for the median peer and -1.1% for the United States market (cap-weighted) — highest of 6 in its peer set.
Growth Revenue grew 2.0% over the last twelve months (peer median +7.0%); the operating margin is 24.9% (peer median 16.4%).
Valuation It trades at 10.3× forward earnings against a peer median of 9.8× (3rd most expensive of 6).
Price implies For today's price to make sense, revenue must grow about -3% a year for seven years (Req g). Recent delivered growth is -1%, so the hurdle is -2 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.7 points above its cost of capital (7.4% WACC).
Backlog Backlog (remaining performance obligations) was $3.71B at 30 Sep 2026, down 0% on a year earlier — 0.7 years of trailing revenue. Backlog detail →
Credit ADT has 3 bonds outstanding ($2.73B), rated BB by the agencies and trading like BB at a weighted spread of 172 bp.
Short interest Short interest is 3.6% of the free float (15 Oct 2026).
Next results Next results expected around 2 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $5.22B | $5.13B | $4.90B | $4.65B | $5.17B |
| Revenue growth | — | +5% | +5% | -10% | — |
| Gross profit | $2.52B | $2.53B | $2.48B | $2.38B | $2.20B |
| EBITDA | $2.95B | $2.95B | $2.80B | $2.74B | $2.46B |
| Net income | $618M | $596M | $501M | -$167M | $133M |
| Free cash flow | $1.60B | $1.31B | $1.20B | $851M | $977M |
| Capital expenditure | $514M | $572M | $687M | $807M | $911M |
| Total debt | $7.88B | $7.79B | $7.80B | $7.92B | $9.91B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| ADT ADT | $6.66B | +44% | +2% | 25% | 10.3× | -2.9% |
| NRG Energy NRG | $18.6B | -36% | +13% | 5% | 9.0× | 15.4% |
| Amazon AMZN | $2.80T | -5% | +15% | 13% | 26.3× | n/a |
| Comcast CMCSA | $86.6B | -3% | 0% | 15% | 7.2× | -6.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ADT | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +51.7% | -18.8% | highest of 6 |
| 6-month return | +43.5% | -8.4% | highest of 6 |
| Distance from 52-week high | -1.4% | -35.4% | highest of 6 |
| Revenue growth (TTM) | +2.0% | +7.0% | 2nd lowest of 6 |
| Operating margin | 24.9% | 16.4% | 3rd highest of 6 |
| Forward P/E | 10.3× | 9.8× | 3rd most expensive of 6 |
| Growth the price implies (Req g, 7 yrs) | -2.9% | -6.1% | 2nd most demanding of 5 |
| Growth delivered (Del g) | -0.7% | +8.1% | lowest of 5 |
| Hurdle (Req g minus delivered) | -2.2 pp | -11.0 pp | most demanding of 5 |
| ROIC minus cost of capital | +1.7 pp | +15.2 pp | 2nd lowest of 6 |
| EV / EBITDA | 4.8× | 8.2× | cheapest of 5 |
| Net debt / EBITDA | 2.6× | 2.0× | 3rd least indebted of 5 |
| Bond spread | 172 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| ADT ADT | United States | $6.66B | +44% | +2% | 25% | 10.3× | -2.9% | -0.7% |
| TAL Education Group Sponsored ADR TAL | United States | $4.77B | -8% | +26% | 16% | 9.8× | n/a | n/a |
| Laureate Education LAUR | United States | $4.56B | +2% | +21% | 26% | 14.5× | -6.7% | +10.7% |
| Grand Canyon Education LOPE | United States | $3.07B | -29% | +7% | 28% | 11.1× | -7.3% | +5.6% |
| Bright Horizons Family Solutions BFAM | United States | $2.57B | -24% | +7% | 10% | 9.8× | 5.0% | +14.1% |
| McGraw Hill MH | United States | $2.08B | -8% | 0% | 16% | 5.6× | -5.6% | +2.6% |
ADT has 3 bonds outstanding with $2.73B face value. The agencies rate it BB; its bonds trade like BB. Weighted yield 6.36%, a spread of 172 bp over government bonds.
ADT reported $3.71B of remaining performance obligations at 30 Sep 2026, down 0% from a year earlier and up 1% from the previous quarter. That is 0.7 years of trailing revenue already under contract. Book-to-bill last quarter: 1.01.