Comprehensive Stock Comparison
Compare Micron Technology, Inc. (MU) vs Everspin Technologies, Inc. (MRAM) 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
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.
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.
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 | MUMicron Technology… | MRAMEverspin Technolo… |
|---|---|---|
| RevenueTrailing 12 months | $42.3B | $54M |
| EBITDAEarnings before interest/tax | $22.4B | -$4M |
| Net IncomeAfter-tax profit | $11.9B | -$508,000 |
| Free Cash FlowCash after capex | $11.9B | $4M |
| Gross MarginGross profit ÷ Revenue | +45.3% | +51.3% |
| Operating MarginEBIT ÷ Revenue | +32.7% | -13.0% |
| Net MarginNet income ÷ Revenue | +28.1% | -0.9% |
| FCF MarginFCF ÷ Revenue | +28.2% | +7.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | +56.7% | +16.3% |
| EPS Growth (YoY)Latest quarter vs prior year | +175.4% | -97.7% |
Valuation Metrics
At 54.3x trailing earnings, MU trades at a 82% valuation discount to MRAM's 306.8x P/E.
| Metric | MUMicron Technology… | MRAMEverspin Technolo… |
|---|---|---|
| Market CapShares × price | $462.7B | $238M |
| Enterprise ValueMkt cap + debt − cash | $468.3B | $201M |
| Trailing P/EPrice ÷ TTM EPS | 54.33x | 306.82x |
| Forward P/EPrice ÷ next-FY EPS est. | 12.22x | 144.00x |
| PEG RatioP/E ÷ EPS growth rate | 2.07x | — |
| EV / EBITDAEnterprise value multiple | 25.70x | — |
| Price / SalesMarket cap ÷ Revenue | 12.38x | 4.73x |
| Price / BookPrice ÷ Book value/share | 8.56x | 3.82x |
| Price / FCFMarket cap ÷ FCF | 277.39x | 58.83x |
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 | MUMicron Technology… | MRAMEverspin Technolo… |
|---|---|---|
| ROE (TTM)Return on equity | +20.3% | -0.8% |
| ROA (TTM)Return on assets | +13.9% | -0.6% |
| ROICReturn on invested capital | +13.2% | -22.3% |
| ROCEReturn on capital employed | +15.0% | -11.2% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 4 |
| Debt / EquityFinancial leverage | 0.28x | 0.07x |
| Net DebtTotal debt minus cash | $5.6B | -$37M |
| Cash & Equiv.Liquid assets | $9.6B | $42M |
| Total DebtShort + long-term debt | $15.3B | $5M |
| 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 | MUMicron Technology… | MRAMEverspin Technolo… |
|---|---|---|
| YTD ReturnYear-to-date | +30.7% | +7.4% |
| 1-Year ReturnPast 12 months | +340.9% | +91.5% |
| 3-Year ReturnCumulative with dividends | +615.6% | +56.5% |
| 5-Year ReturnCumulative with dividends | +337.3% | +79.7% |
| 10-Year ReturnCumulative with dividends | +3798.4% | +34.7% |
| CAGR (3Y)Annualised 3-year return | +92.7% | +16.1% |
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 | MUMicron Technology… | MRAMEverspin Technolo… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 2.16x | 1.41x |
| 52-Week HighHighest price in past year | $455.50 | $17.24 |
| 52-Week LowLowest price in past year | $61.54 | $4.34 |
| % of 52W HighCurrent price vs 52-week peak | +90.5% | +62.6% |
| RSI (14)Momentum oscillator 0–100 | 55.9 | 48.3 |
| Avg Volume (50D)Average daily shares traded | 29.8M | 742K |
Analyst Outlook
Wall Street rates MU as "Buy" and MRAM 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 | MUMicron Technology… | MRAMEverspin Technolo… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $363.00 | $9.00 |
| # AnalystsCovering analysts | 68 | 5 |
| 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 |
|---|---|---|---|
| Micron Technology, … (MU) | 100 | 832.95 | +733.0% |
| Everspin Technologi… (MRAM) | 100 | 357.84 | +257.8% |
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 |
|---|---|---|---|
| Micron Technology, … (MU) | $12.4B | $37.4B | +201.5% |
| Everspin Technologi… (MRAM) | $27M | $50M | +86.0% |
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 |
|---|---|---|---|
| Micron Technology, … (MU) | -2.2% | 22.8% | +1126.3% |
| Everspin Technologi… (MRAM) | -61.6% | 1.5% | +102.5% |
Micron Technology, Inc.'s net margin went from -2% (2016) to 23% (2025).
Chart 4P/E Ratio History — 9 Years
| Stock | 2017 | 2025 | Change |
|---|---|---|---|
| Micron Technology, … (MU) | 9.3 | 37.6 | +304.3% |
| Everspin Technologi… (MRAM) | 51.4 | 181.5 | +253.1% |
Micron Technology, Inc. has traded in a 3x–120x P/E range over 8 years; current trailing P/E is ~54x. Everspin Technologies, Inc. has traded in a 19x–182x P/E range over 4 years; current trailing P/E is ~307x.
Chart 5EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Micron Technology, … (MU) | -0.27 | 7.59 | +2911.1% |
| Everspin Technologi… (MRAM) | -1.36 | 0.04 | +102.6% |
Micron Technology, Inc.'s EPS grew from $-0.27 (2016) to $7.59 (2025).
Chart 6Free Cash Flow — 5 Years
Micron Technology, Inc. generated $2B FCF in 2025 (-32% vs 2021). Everspin Technologies, Inc. generated $4M FCF in 2024 (-51% vs 2021).
MU vs MRAM: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is MU or MRAM 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 Micron Technology, Inc. (MU) a "Buy" — based on 68 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 — MU or MRAM?
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 — MU or MRAM?
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 — MU or MRAM?
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 — MU or MRAM?
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 MU or MRAM 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 — MU or MRAM?
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 MU or MRAM 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 MU and MRAM?
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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