Comprehensive Stock Comparison
Compare Everspin Technologies, Inc. (MRAM) vs Micron Technology, Inc. (MU) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | MU | 48.9% revenue growth vs MRAM's -21.0% |
| Value | MU | Lower P/E (12.2x vs 144.0x) |
| Quality / Margins | MU | 28.1% net margin vs MRAM's -0.9% |
| Stability / Safety | MRAM | Beta 1.41 vs MU's 2.16, lower leverage |
| Dividends | MU | 0.1% yield; 1-year raise streak; MRAM pays no meaningful dividend |
| Momentum (1Y) | MU | +340.9% vs MRAM's +91.5% |
| Efficiency (ROA) | MU | 13.9% ROA vs MRAM's -0.6%, ROIC 13.2% vs -22.3% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
Everspin Technologies is a semiconductor company that designs and manufactures magnetoresistive random access memory (MRAM) chips for data storage applications. It generates revenue primarily from selling MRAM products — including Toggle MRAM and spin-transfer torque MRAM — to industrial, automotive, and data center customers, with additional income from foundry services for embedded MRAM. The company's key advantage is its leadership in MRAM technology — a non-volatile memory that combines the speed of SRAM with the data retention of flash memory — giving it first-mover status in a specialized niche.
Micron Technology is a leading semiconductor company that designs and manufactures memory and storage chips used in computers, smartphones, data centers, and automotive systems. It generates revenue primarily from DRAM products (~70% of sales) and NAND flash memory (~25%), with the remainder from NOR flash and other storage solutions. The company's competitive advantage lies in its advanced manufacturing scale and R&D capabilities in memory technology—one of only three major DRAM producers globally—which creates significant barriers to entry.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
MU leads in 3 of 6 categories (Financial Metrics, Profitability & Efficiency). MRAM leads in 1 (Valuation Metrics). 1 tied.
Financial Metrics (TTM)
MU is the larger business by revenue, generating $42.3B annually — 788.8x MRAM's $54M. MU is the more profitable business, keeping 28.1% of every revenue dollar as net income compared to MRAM's -0.9%. On growth, MU holds the edge at +56.7% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | MRAMEverspin Technolo… | MUMicron Technology… |
|---|---|---|
| RevenueTrailing 12 months | $54M | $42.3B |
| EBITDAEarnings before interest/tax | -$4M | $22.4B |
| Net IncomeAfter-tax profit | -$508,000 | $11.9B |
| Free Cash FlowCash after capex | $4M | $11.9B |
| Gross MarginGross profit ÷ Revenue | +51.3% | +45.3% |
| Operating MarginEBIT ÷ Revenue | -13.0% | +32.7% |
| Net MarginNet income ÷ Revenue | -0.9% | +28.1% |
| FCF MarginFCF ÷ Revenue | +7.7% | +28.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | +16.3% | +56.7% |
| EPS Growth (YoY)Latest quarter vs prior year | -97.7% | +175.4% |
Valuation Metrics
At 54.3x trailing earnings, MU trades at a 82% valuation discount to MRAM's 306.8x P/E.
| Metric | MRAMEverspin Technolo… | MUMicron Technology… |
|---|---|---|
| Market CapShares × price | $238M | $462.7B |
| Enterprise ValueMkt cap + debt − cash | $201M | $468.3B |
| Trailing P/EPrice ÷ TTM EPS | 306.82x | 54.33x |
| Forward P/EPrice ÷ next-FY EPS est. | 144.00x | 12.22x |
| PEG RatioP/E ÷ EPS growth rate | — | 2.07x |
| EV / EBITDAEnterprise value multiple | — | 25.70x |
| Price / SalesMarket cap ÷ Revenue | 4.73x | 12.38x |
| Price / BookPrice ÷ Book value/share | 3.82x | 8.56x |
| Price / FCFMarket cap ÷ FCF | 58.83x | 277.39x |
Profitability & Efficiency
MU delivers a 20.3% return on equity — every $100 of shareholder capital generates $20 in annual profit, vs $-1 for MRAM. MRAM carries lower financial leverage with a 0.07x debt-to-equity ratio, signaling a more conservative balance sheet compared to MU's 0.28x. On the Piotroski fundamental quality scale (0–9), MU scores 7/9 vs MRAM's 4/9, reflecting strong financial health.
| Metric | MRAMEverspin Technolo… | MUMicron Technology… |
|---|---|---|
| ROE (TTM)Return on equity | -0.8% | +20.3% |
| ROA (TTM)Return on assets | -0.6% | +13.9% |
| ROICReturn on invested capital | -22.3% | +13.2% |
| ROCEReturn on capital employed | -11.2% | +15.0% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 7 |
| Debt / EquityFinancial leverage | 0.07x | 0.28x |
| Net DebtTotal debt minus cash | -$37M | $5.6B |
| Cash & Equiv.Liquid assets | $42M | $9.6B |
| Total DebtShort + long-term debt | $5M | $15.3B |
| Interest CoverageEBIT ÷ Interest expense | — | 32.11x |
Total Returns (with DRIP)
A $10,000 investment in MU five years ago would be worth $43,731 today (with dividends reinvested), compared to $17,970 for MRAM. Over the past 12 months, MU leads with a +340.9% total return vs MRAM's +91.5%. The 3-year compound annual growth rate (CAGR) favors MU at 92.7% vs MRAM's 16.1% — a key indicator of consistent wealth creation.
| Metric | MRAMEverspin Technolo… | MUMicron Technology… |
|---|---|---|
| YTD ReturnYear-to-date | +7.4% | +30.7% |
| 1-Year ReturnPast 12 months | +91.5% | +340.9% |
| 3-Year ReturnCumulative with dividends | +56.5% | +615.6% |
| 5-Year ReturnCumulative with dividends | +79.7% | +337.3% |
| 10-Year ReturnCumulative with dividends | +34.7% | +3798.4% |
| CAGR (3Y)Annualised 3-year return | +16.1% | +92.7% |
Risk & Volatility
MRAM is the less volatile stock with a 1.41 beta — it tends to amplify market swings less than MU's 2.16 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. MU currently trades 90.5% from its 52-week high vs MRAM's 62.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | MRAMEverspin Technolo… | MUMicron Technology… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.41x | 2.16x |
| 52-Week HighHighest price in past year | $17.24 | $455.50 |
| 52-Week LowLowest price in past year | $4.34 | $61.54 |
| % of 52W HighCurrent price vs 52-week peak | +62.6% | +90.5% |
| RSI (14)Momentum oscillator 0–100 | 48.3 | 55.9 |
| Avg Volume (50D)Average daily shares traded | 742K | 29.8M |
Analyst Outlook
Wall Street rates MRAM as "Buy" and MU as "Buy". Consensus price targets imply -12.0% upside for MU (target: $363) vs -16.7% for MRAM (target: $9). MU is the only dividend payer here at 0.11% yield — a key consideration for income-focused portfolios.
| Metric | MRAMEverspin Technolo… | MUMicron Technology… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $9.00 | $363.00 |
| # AnalystsCovering analysts | 5 | 68 |
| Dividend YieldAnnual dividend ÷ price | — | +0.1% |
| Dividend StreakConsecutive years of raises | — | 1 |
| Dividend / ShareAnnual DPS | — | $0.46 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Feb 20 | Feb 26 | Change |
|---|---|---|---|
| Everspin Technologi… (MRAM) | 100 | 357.84 | +257.8% |
| Micron Technology, … (MU) | 100 | 832.95 | +733.0% |
Micron Technology, … (MU) returned +337% over 5 years vs Everspin Technologi… (MRAM)'s +80%. A $10,000 investment in MU 5 years ago would be worth $43,731 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Everspin Technologi… (MRAM) | $27M | $50M | +86.0% |
| Micron Technology, … (MU) | $12.4B | $37.4B | +201.5% |
Micron Technology, Inc.'s revenue grew from $12.4B (2016) to $37.4B (2025) — a 13.0% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Everspin Technologi… (MRAM) | -61.6% | 1.5% | +102.5% |
| Micron Technology, … (MU) | -2.2% | 22.8% | +1126.3% |
Micron Technology, Inc.'s net margin went from -2% (2016) to 23% (2025).
Chart 4P/E Ratio History — 9 Years
| Stock | 2017 | 2025 | Change |
|---|---|---|---|
| Everspin Technologi… (MRAM) | 51.4 | 181.5 | +253.1% |
| Micron Technology, … (MU) | 9.3 | 37.6 | +304.3% |
Everspin Technologies, Inc. has traded in a 19x–182x P/E range over 4 years; current trailing P/E is ~307x. Micron Technology, Inc. has traded in a 3x–120x P/E range over 8 years; current trailing P/E is ~54x.
Chart 5EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Everspin Technologi… (MRAM) | -1.36 | 0.04 | +102.6% |
| Micron Technology, … (MU) | -0.27 | 7.59 | +2911.1% |
Micron Technology, Inc.'s EPS grew from $-0.27 (2016) to $7.59 (2025).
Chart 6Free Cash Flow — 5 Years
Everspin Technologies, Inc. generated $4M FCF in 2024 (-51% vs 2021). Micron Technology, Inc. generated $2B FCF in 2025 (-32% vs 2021).
MRAM vs MU: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is MRAM or MU a better buy right now?
Micron Technology, Inc. (MU) offers the better valuation at 54.3x trailing P/E (12.2x forward), making it the more compelling value choice. Analysts rate Everspin Technologies, Inc. (MRAM) a "Buy" — based on 5 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 — MRAM or MU?
On trailing P/E, Micron Technology, Inc. (MU) is the cheapest at 54.3x versus Everspin Technologies, Inc. at 306.8x. On forward P/E, Micron Technology, Inc. is actually cheaper at 12.2x.
03Which is the better long-term investment — MRAM or MU?
Over the past 5 years, Micron Technology, Inc. (MU) delivered a total return of +337.3%, compared to +79.7% for Everspin Technologies, Inc. (MRAM). A $10,000 investment in MU five years ago would be worth approximately $44K today (assuming dividends reinvested). Over 10 years, the gap is even starker: MU returned +38.0% versus MRAM's +34.7%. 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 — MRAM or MU?
By beta (market sensitivity over 5 years), Everspin Technologies, Inc. (MRAM) is the lower-risk stock at 1.41β versus Micron Technology, Inc.'s 2.16β — meaning MU is approximately 53% more volatile than MRAM relative to the S&P 500. On balance sheet safety, Everspin Technologies, Inc. (MRAM) carries a lower debt/equity ratio of 7% versus 28% for Micron Technology, Inc. — giving it more financial flexibility in a downturn.
05Which has better profit margins — MRAM or MU?
Micron Technology, Inc. (MU) is the more profitable company, earning 22.8% net margin versus 1.5% for Everspin Technologies, Inc. — meaning it keeps 22.8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: MU leads at 26.4% versus -14.1% for MRAM. At the gross margin level — before operating expenses — MRAM leads at 51.8%, 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.
06Is MRAM or MU more undervalued right now?
On forward earnings alone, Micron Technology, Inc. (MU) trades at 12.2x forward P/E versus 144.0x for Everspin Technologies, Inc. — 131.8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for MU: -12.0% to $363.00.
07Which pays a better dividend — MRAM or MU?
In this comparison, MU (0.1% yield) pays a dividend. MRAM does not pay a meaningful dividend and should not be held primarily for income.
08Is MRAM or MU better for a retirement portfolio?
For long-horizon retirement investors, Everspin Technologies, Inc. (MRAM) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding. Micron Technology, Inc. (MU) carries a higher beta of 2.16 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (MRAM: +34.7%, MU: +38.0%), 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.
09What are the main differences between MRAM and MU?
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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