Forensic Analysis · Professional & Commercial Services · as of Nov 9, 2026

ADT Inc. (ADT)

A forensic read on ADT Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

D · Weak — demands caution

Forensic grade

Distress

Financial health

0.3

Distress distance

Clean

Earnings quality

Forensic signals

15.7%

ROE

4.7%

Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

ADT Inc. earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads 0.3, placing it in the Distress zone. 2 forensic signals were flagged in its latest SEC filings, led by return on invested capital.

What the filings flag

6.3%

FY2025

Return on invested capital. Return on invested capital is 6.3% in the latest fiscal year and steady across FY2023–FY2025, inside a 0.4-point range. After-tax operating profit was $866M in FY2023 and $943M in FY2025, with operating income at 25.3% of revenue in FY2023, 24.7% in FY2024 and 25.5% in FY2025. The capital base behind it went from $14.8B in FY2023 to $15.0B in FY2025 (+1%), while the revenue it carried went from $4.7B to $5.1B. FY2023's operating profit carried a $511M goodwill write-off that alone took about 2.5 points off that year's return, so more than the whole 0.4-point rise across FY2023–FY2025 is that charge leaving the base year rather than the capital earning more. A non-cash write-down lowers the reported return in the year it lands.

$511M

FY2023

Goodwill impairments. Took $511M of goodwill writedowns across 1 year (FY2023 ($511M)) — about 110% of net income over the span. A large writedown means an acquisition turned out worth far less than was paid — a real mark against M&A discipline.

Key fundamentals

Latest Revenue$5.13B

Revenue Growth YoY+4.7%

Revenue CAGR (2yr)+5.0%

Net Margin11.6%

Free Cash Flow$1.71B

Return on Equity15.7%

Debt / Equity2.04x

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Data from SEC EDGAR public filings · metrics as of Nov 9, 2026. Forensic signals flag probability, not certainty.

See a wrong number? Report an error with the filing it should match.