MTSI
MACOM Technology Solutions Holdings, Inc.
Semiconductors
Market Cap$27.00B
5Y Perf.+1033.5%
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Stock Comparison
MTSI vs LITE
Revenue, margins, valuation, and 5-year total return — side by side.
LITE
Lumentum Holdings Inc.
Communication Equipment
Market Cap$64.50B
5Y Perf.+1132.2%
MTSI vs LITE — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | MTSI | LITE |
|---|---|---|
| Industry | Semiconductors | Communication Equipment |
| Market Cap | $27.00B | $64.50B |
| Revenue (TTM) | $1.07B | $2.49B |
| Net Income (TTM) | $177M | $440M |
| Gross Margin | 55.3% | 37.7% |
| Operating Margin | 16.0% | 9.5% |
| Forward P/E | 73.3x | 110.1x |
| Total Debt | $538M | $2.61B |
| Cash & Equiv. | $112M | $521M |
MTSI vs LITE — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
MTSI
LITE
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| MACOM Technology So… (MTSI) | 100 | 1133.5 | +1033.5% |
| Lumentum Holdings I… (LITE) | 100 | 1232.2 | +1132.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: MTSI vs LITE
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: MTSI leads in 4 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. Lumentum Holdings Inc. is the stronger pick specifically for profitability and margin quality and recent price momentum and sentiment. As sector peers, any of these can serve as alternatives in the same allocation.
MTSI
MACOM Technology Solutions Holdings, Inc.
The Income Pick
MTSI carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 0 yrs, beta 1.69
- Rev growth 32.6%, EPS growth -170.2%, 3Y rev CAGR 12.7%
- Lower volatility, beta 1.69, Low D/E 40.5%, current ratio 3.71x
Best for: income & stability and growth exposure
LITE
Lumentum Holdings Inc.
The Long-Run Compounder
LITE is the clearest fit if your priority is long-term compounding.
- 36.8% 10Y total return vs MTSI's 8.4%
- 17.7% margin vs MTSI's 16.5%
- +12.8% vs MTSI's +200.8%
Best for: long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | MTSI | 32.6% revenue growth vs LITE's 21.0% |
| Value | MTSI | Lower P/E (73.3x vs 110.1x) |
| Quality / Margins | LITE | 17.7% margin vs MTSI's 16.5% |
| Stability / Safety | MTSI | Beta 1.69 vs LITE's 2.66, lower leverage |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | LITE | +12.8% vs MTSI's +200.8% |
| Efficiency (ROA) | MTSI | 8.6% ROA vs LITE's 8.5%, ROIC 6.0% vs -4.3% |
MTSI vs LITE — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
FY 2023
MTSI vs LITE — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLMTSILAGGINGLITE
LITELumentum Holdings Inc.
2leads
MTSIMACOM Technology Solu…
3leads
6 Total Categories
CATEGORYLEADERvs LITEMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
LITE4/6
Valuation MetricsMultiples, price ratios, and targets
MTSI5/5
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
MTSI7/9
Total Returns1Y, 3Y, 5Y total returns with dividends
LITE6/6
Risk & VolatilityBeta, volatility, and downside exposure
MTSI2/2
Analyst OutlookRatings, price targets, and dividends
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—
Income & Cash Flow (Last 12 Months)
LITE leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
LITE is the larger business by revenue, generating $2.5B annually — 2.3x MTSI's $1.1B. Profitability is closely matched — net margins range from 17.7% (LITE) to 16.5% (MTSI). On growth, LITE holds the edge at +90.1% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | MTSIMACOM Technology … | LITELumentum Holdings… |
|---|---|---|
| RevenueTrailing 12 months | $1.1B | $2.5B |
| EBITDAEarnings before interest/tax | $223M | $425M |
| Net IncomeAfter-tax profit | $177M | $440M |
| Free Cash FlowCash after capex | $168M | $399M |
| Gross MarginGross profit ÷ Revenue | +55.3% | +37.7% |
| Operating MarginEBIT ÷ Revenue | +16.0% | +9.5% |
| Net MarginNet income ÷ Revenue | +16.5% | +17.7% |
| FCF MarginFCF ÷ Revenue | +15.6% | +16.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | +22.5% | +90.1% |
| EPS Growth (YoY)Latest quarter vs prior year | +42.9% | +3.3% |
LITE leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
MTSI leads this category, winning 5 of 5 comparable metrics.
Valuation Metrics
On an enterprise value basis, MTSI's 142.1x EV/EBITDA is more attractive than LITE's 869.4x.
| Metric | MTSIMACOM Technology … | LITELumentum Holdings… |
|---|---|---|
| Market CapShares × price | $27.0B | $64.5B |
| Enterprise ValueMkt cap + debt − cash | $27.4B | $66.6B |
| Trailing P/EPrice ÷ TTM EPS | -492.99x | 2441.70x |
| Forward P/EPrice ÷ next-FY EPS est. | 73.25x | 110.06x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 142.12x | 869.35x |
| Price / SalesMarket cap ÷ Revenue | 27.91x | 39.21x |
| Price / BookPrice ÷ Book value/share | 20.06x | 55.41x |
| Price / FCFMarket cap ÷ FCF | 140.00x | — |
MTSI leads this category, winning 5 of 5 comparable metrics.
Profitability & Efficiency
MTSI leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
LITE delivers a 30.7% return on equity — every $100 of shareholder capital generates $31 in annual profit, vs $13 for MTSI. MTSI carries lower financial leverage with a 0.41x debt-to-equity ratio, signaling a more conservative balance sheet compared to LITE's 2.30x. On the Piotroski fundamental quality scale (0–9), LITE scores 7/9 vs MTSI's 5/9, reflecting strong financial health.
| Metric | MTSIMACOM Technology … | LITELumentum Holdings… |
|---|---|---|
| ROE (TTM)Return on equity | +13.2% | +30.7% |
| ROA (TTM)Return on assets | +8.6% | +8.5% |
| ROICReturn on invested capital | +6.0% | -4.3% |
| ROCEReturn on capital employed | +7.6% | -4.8% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 7 |
| Debt / EquityFinancial leverage | 0.41x | 2.30x |
| Net DebtTotal debt minus cash | $426M | $2.1B |
| Cash & Equiv.Liquid assets | $112M | $521M |
| Total DebtShort + long-term debt | $538M | $2.6B |
| Interest CoverageEBIT ÷ Interest expense | 32.37x | 9.62x |
MTSI leads this category, winning 7 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
LITE leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in LITE five years ago would be worth $111,852 today (with dividends reinvested), compared to $67,774 for MTSI. Over the past 12 months, LITE leads with a +1275.9% total return vs MTSI's +200.8%. The 3-year compound annual growth rate (CAGR) favors LITE at 166.2% vs MTSI's 87.1% — a key indicator of consistent wealth creation.
| Metric | MTSIMACOM Technology … | LITELumentum Holdings… |
|---|---|---|
| YTD ReturnYear-to-date | +105.7% | +134.0% |
| 1-Year ReturnPast 12 months | +200.8% | +1275.9% |
| 3-Year ReturnCumulative with dividends | +554.9% | +1786.5% |
| 5-Year ReturnCumulative with dividends | +577.7% | +1018.5% |
| 10-Year ReturnCumulative with dividends | +836.0% | +3680.0% |
| CAGR (3Y)Annualised 3-year return | +87.1% | +166.2% |
LITE leads this category, winning 6 of 6 comparable metrics.
Risk & Volatility
MTSI leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
MTSI is the less volatile stock with a 1.69 beta — it tends to amplify market swings less than LITE's 2.66 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. MTSI currently trades 98.9% from its 52-week high vs LITE's 88.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | MTSIMACOM Technology … | LITELumentum Holdings… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.69x | 2.66x |
| 52-Week HighHighest price in past year | $364.00 | $1021.00 |
| 52-Week LowLowest price in past year | $117.05 | $63.98 |
| % of 52W HighCurrent price vs 52-week peak | +98.9% | +88.5% |
| RSI (14)Momentum oscillator 0–100 | 79.1 | 53.3 |
| Avg Volume (50D)Average daily shares traded | 1.1M | 6.5M |
MTSI leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates MTSI as "Buy" and LITE as "Buy". Consensus price targets imply 1.7% upside for LITE (target: $919) vs -7.7% for MTSI (target: $332).
| Metric | MTSIMACOM Technology … | LITELumentum Holdings… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $332.00 | $918.67 |
| # AnalystsCovering analysts | 23 | 25 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | 0 | 0 |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | +0.2% | +0.1% |
Insufficient data to determine a leader in this category.
Key Takeaway
MTSI leads in 3 of 6 categories (Valuation Metrics, Profitability & Efficiency). LITE leads in 2 (Income & Cash Flow, Total Returns).
Best OverallMACOM Technology Solutions … (MTSI)Leads 3 of 6 categories
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MTSI vs LITE: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is MTSI or LITE a better buy right now?
For growth investors, MACOM Technology Solutions Holdings, Inc.
(MTSI) is the stronger pick with 32. 6% revenue growth year-over-year, versus 21. 0% for Lumentum Holdings Inc. (LITE). Lumentum Holdings Inc. (LITE) offers the better valuation at 2441. 7x trailing P/E (110. 1x forward), making it the more compelling value choice. Analysts rate MACOM Technology Solutions Holdings, Inc. (MTSI) a "Buy" — based on 23 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — MTSI or LITE?
On forward P/E, MACOM Technology Solutions Holdings, Inc.
is actually cheaper at 73. 3x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — MTSI or LITE?
Over the past 5 years, Lumentum Holdings Inc.
(LITE) delivered a total return of +1019%, compared to +577. 7% for MACOM Technology Solutions Holdings, Inc. (MTSI). Over 10 years, the gap is even starker: LITE returned +36. 8% versus MTSI's +836. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — MTSI or LITE?
By beta (market sensitivity over 5 years), MACOM Technology Solutions Holdings, Inc.
(MTSI) is the lower-risk stock at 1. 69β versus Lumentum Holdings Inc. 's 2. 66β — meaning LITE is approximately 58% more volatile than MTSI relative to the S&P 500. On balance sheet safety, MACOM Technology Solutions Holdings, Inc. (MTSI) carries a lower debt/equity ratio of 41% versus 2% for Lumentum Holdings Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — MTSI or LITE?
By revenue growth (latest reported year), MACOM Technology Solutions Holdings, Inc.
(MTSI) is pulling ahead at 32. 6% versus 21. 0% for Lumentum Holdings Inc. (LITE). On earnings-per-share growth, the picture is similar: Lumentum Holdings Inc. grew EPS 104. 6% year-over-year, compared to -170. 2% for MACOM Technology Solutions Holdings, Inc.. Over a 3-year CAGR, MTSI leads at 12. 7% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — MTSI or LITE?
Lumentum Holdings Inc.
(LITE) is the more profitable company, earning 1. 6% net margin versus -5. 6% for MACOM Technology Solutions Holdings, Inc. — meaning it keeps 1. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: MTSI leads at 13. 4% versus -10. 9% for LITE. At the gross margin level — before operating expenses — MTSI leads at 54. 9%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is MTSI or LITE more undervalued right now?
On forward earnings alone, MACOM Technology Solutions Holdings, Inc.
(MTSI) trades at 73. 3x forward P/E versus 110. 1x for Lumentum Holdings Inc. — 36. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for LITE: 1. 7% to $918. 67.
08Which pays a better dividend — MTSI or LITE?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
09Is MTSI or LITE better for a retirement portfolio?
For long-horizon retirement investors, MACOM Technology Solutions Holdings, Inc.
(MTSI) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (+836. 0% 10Y return). Lumentum Holdings Inc. (LITE) carries a higher beta of 2. 66 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (MTSI: +836. 0%, LITE: +36. 8%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between MTSI and LITE?
Both stocks operate in the Technology sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(MTSI: 22.5% · LITE: 90.1%)Net Margin>
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