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US company that licenses wireless (3G/4G/5G) and video-compression patents to smartphone, device and consumer electronics makers.
US company that licenses wireless (3G/4G/5G) and video-compression patents to smartphone, device and consumer electronics makers.
Gets paid by licensees either a fixed fee spread over a multi-year licence or a per-unit royalty, so revenue jumps around licence renewals, which sometimes end in arbitration or lawsuits. Apple and Samsung are among the largest licensees. It does not sell devices, and it now also licenses video-compression patents.
Moat: wide (IP / patents). Deep, essential wireless-standard patent portfolio makes licensing effectively mandatory for compliant devices.
Headquarters: Wilmington, Delaware, US · Founded: 1972 · Employees: 460
Size InterDigital (IDCC) is a United States Information Technology company (Packaged Software) with a market value of $7.35B, the 937th largest of 3,117 United States companies the cockpit tracks. Shares closed at $285.28 on 6 Nov 2026.
Performance Over six months the shares gained 2.0%, against +20.2% for the median peer and -1.1% for the United States market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue fell 12.0% over the last twelve months (peer median +18.2%); the operating margin is 45.1% (peer median 10.9%).
Valuation It trades at 41.4× forward earnings against a peer median of 53.4× (9th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about 13% a year for seven years (Req g). Recent delivered growth is +18%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 54.7 points above its cost of capital (12.0% WACC).
Backlog Backlog (remaining performance obligations) was $2.00B at 30 Sep 2026, up 5% on a year earlier — 2.4 years of trailing revenue. Backlog detail →
Credit InterDigital has 1 bond outstanding ($296M).
Short interest Short interest is 10.6% of the free float (15 Oct 2026).
Next results Next results expected around 18 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $817M | $834M | $869M | $550M | $458M |
| Revenue growth | — | -4% | +58% | +20% | — |
| Gross profit | $635M | $670M | $633M | $397M | $201M |
| EBITDA | $446M | $538M | $509M | $301M | $232M |
| Net income | $315M | $407M | $359M | $214M | $93.7M |
| Free cash flow | $309M | $529M | $266M | $209M | $283M |
| Capital expenditure | $69.2M | $79.3M | $63.0M | $44.6M | $42.8M |
| Total debt | $318M | $492M | $491M | $628M | $630M |
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 |
|---|---|---|---|---|---|---|
| InterDigital IDCC | $7.35B | +2% | -12% | 45% | 41.4× | 13.4% |
| Qualcomm QCOM | $177B | -24% | +2% | 24% | 17.0× | 15.9% |
| Nokia NOKIA.HE | $44.3B | -37% | +4% | 14% | 19.2× | 17.4% |
| Dolby Laboratories DLB | $6.07B | +11% | +1% | 19% | 14.3× | 10.0% |
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 | IDCC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -13.1% | +1.3% | 3rd lowest of 21 |
| 6-month return | +2.0% | +20.2% | 5th lowest of 21 |
| Distance from 52-week high | -26.3% | -19.2% | 9th lowest of 21 |
| Revenue growth (TTM) | -12.0% | +18.2% | 2nd lowest of 21 |
| Operating margin | 45.1% | 10.9% | 2nd highest of 21 |
| Forward P/E | 41.4× | 53.4× | 9th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | 13.4% | 19.5% | 6th least demanding of 17 |
| Growth delivered (Del g) | +18.4% | +16.8% | 8th highest of 17 |
| Hurdle (Req g minus delivered) | -4.9 pp | -6.8 pp | 8th most demanding of 17 |
| ROIC minus cost of capital | +54.7 pp | +4.1 pp | 5th highest of 19 |
| EV / EBITDA | 14.6× | 26.9× | 4th cheapest of 13 |
| Net debt / EBITDA | -1.8× | -1.3× | 5th least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| InterDigital IDCC | United States | $7.35B | +2% | -12% | 45% | 41.4× | 13.4% | +18.4% |
| Kunlun Tech 300418.SZ | China | $7.33B | -21% | +48% | -21% | 1,291.3× | n/a | n/a |
| Technology One TNE.AX | Australia | $7.40B | +15% | +14% | 29% | 56.7× | 33.3% | +14.9% |
| Duolingo DUOL | United States | $7.51B | +49% | +23% | 12% | 52.6× | 19.8% | +45.0% |
| Dropbox DBX | United States | $7.54B | +20% | 0% | 26% | 11.1× | -5.0% | +5.7% |
| Clear Secure YOU | United States | $7.55B | -2% | +23% | 26% | 24.2× | 15.8% | +31.3% |
| SentinelOne S | United States | $7.58B | +31% | +21% | -26% | 54.7× | 53.7% | +60.8% |
| Horizon Robotics 9660.HK | Hong Kong | $7.61B | -48% | +46% | -101% | 159.5× | n/a | n/a |
| Square Enix 9684.T | Japan | $7.02B | +25% | +1% | 20% | 26.9× | -5.4% | -2.1% |
| Empyrean Technology 301269.SZ | China | $7.70B | +5% | +15% | -10% | 357.4× | n/a | n/a |
| MiniMax 0100.HK | Hong Kong | $7.00B | -81% | +159% | -407% | n/a | n/a | n/a |
| Oracle Corporation Japan 4716.T | Japan | $7.73B | +10% | +10% | 32% | 17.0× | -6.9% | +6.5% |
| Zeta Global ZETA | United States | $7.79B | +81% | +36% | 3% | 28.2× | 49.7% | +28.8% |
| Sangfor Technologies 300454.SZ | China | $7.84B | +5% | +21% | 2% | 71.4× | 46.1% | +6.9% |
| ServiceTitan TTAN | United States | $7.89B | +36% | +23% | -13% | 55.6× | 20.7% | +27.1% |
| CD PROJEKT RED Spolka Akcyjna CDR.WA | Poland | $6.80B | +4% | -14% | 54% | 53.4× | 35.0% | -16.5% |
| UiPath PATH | United States | $6.78B | +20% | +15% | 9% | 15.2× | 19.2% | +21.5% |
| Gitlab GTLB | United States | $8.01B | +85% | +23% | -8% | 55.0× | 18.8% | +44.4% |
| Descartes Systems DSG.TO | Canada | $8.10B | +32% | +12% | 33% | 37.9× | 4.4% | +16.8% |
| Qualys QLYS | United States | $6.59B | +102% | +11% | 35% | 23.7× | 4.7% | +13.1% |
| Sectra SECT-B.ST | Sweden | $6.53B | +27% | +14% | 20% | 85.0× | 29.0% | +16.8% |
InterDigital has 1 bond outstanding with $296M face value.
InterDigital reported $2.00B of remaining performance obligations at 30 Sep 2026, up 5% from a year earlier and down 5% from the previous quarter. That is 2.4 years of trailing revenue already under contract. Book-to-bill last quarter: 0.42.