Microchip Technology Incorporated (MCHP) 10-Year Financial Performance & Capital Metrics

MCHP • • Industrial / General

TechnologySemiconductorsDigital & Computing SemiconductorsProcessors & Microcontrollers

AboutMicrochip Technology Incorporated develops, manufactures, and sells smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. The company offers general purpose 8-bit, 16-bit, and 32-bit microcontrollers; 32-bit embedded microprocessors markets; and specialized microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity applications. It also provides development tools that enable system designers to program microcontroller and microprocessor products for specific applications; field-programmable gate array (FPGA) products; and analog, interface, mixed signal, and timing products comprising power management, linear, mixed-signal, high-voltage, thermal management, discrete diodes and metal oxide semiconductor field effect transistors (MOSFETS), radio frequency (RF), drivers, safety, security, timing, USB, Ethernet, wireless, and other interface products. In addition, the company offers memory products consisting of serial electrically erasable programmable read-only memory, serial flash memories, parallel flash memories, serial static random access memories, and serial electrically erasable random access memories for the production of very small footprint devices; and licenses its SuperFlash embedded flash and NVM technologies to foundries, integrated device manufacturers, and design partners for use in the manufacture of microcontroller products, gate array, RF, analog, and neuromorphic compute products that require embedded non-volatile memory, as well as provides engineering services. Further, it offers wafer foundry and assembly, and test subcontracting manufacturing services; and timing systems products, application specific integrated circuits, and aerospace products. Microchip Technology Incorporated was incorporated in 1989 and is headquartered in Chandler, Arizona.Show more

Revenue $4.4B -42.3%
EBITDA $1.05B -69.7%
Net Income -$500K -100.0%
EPS (Diluted) -0.01 -100.1%
Gross Margin 56.07% -14.3%
EBITDA Margin 23.77% -47.4%
Operating Margin 6.73% -80.0%
Net Margin -0.01% -100.0%
ROE -0.01% -100.0%
ROIC 1.83% -88.0%
Debt/Equity 0.80 -11.7%
Interest Coverage 1.18 -90.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 21.7%
✓FCF machine: 17.5% free cash flow margin
✓Healthy dividend yield of 2.4%
✓Healthy 5Y average net margin of 15.4%
✓Trading near 52-week high

✗Weaknesses

✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y7.44%

5Y-3.55%

3Y-13.58%

TTM-23.36%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-123.68%

EPS CAGR

10Y-

5Y-

3Y-

TTM-133.27%

ROCE

10Y Avg9.98%

5Y Avg12.64%

3Y Avg14.56%

Latest2.15%

Peer Comparison

Processors & Microcontrollers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AMDAdvanced Micro Devices, Inc.	371.06B	227.92	227.92	13.69%	10.32%	5.44%	0.65%	0.04
LSCCLattice Semiconductor Corporation	11.66B	85.23	193.70	-30.9%	5.5%	3.86%	1.03%	0.02
NVDANVIDIA Corporation	4.55T	187.05	63.62	114.2%	53.01%	83.43%	1.34%	0.13
ICGIntchains Group Limited	57.43M	2.00	1.16	242.68%	6.51%	1.97%		0.00
PXLWPixelworks, Inc.	43.49M	6.91	-1.18	-27.6%	-73.56%	-90.71%		0.09
NANano Labs Ltd	75.56M	3.73	-2.23	-48.18%	-261.01%	-10.18%		0.85
WKEYWISeKey International Holding AG	74.69M	9.28	-3.50	-61.59%	-108.66%	-28.31%		0.10
LAESSEALSQ Corp	824.91M	4.65	-6.84	-63.47%	-141.28%	-42.3%		0.11

Profit & Loss

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales/Revenue+	2.17B	3.41B	3.98B	5.35B	5.27B	5.44B	6.82B	8.44B	7.63B	4.4B
Revenue Growth %	0.01%	0.57%	0.17%	0.34%	-0.01%	0.03%	0.25%	0.24%	-0.1%	-0.42%
Cost of Goods Sold+	967.8M	1.65B	1.56B	2.42B	2.03B	2.06B	2.37B	2.74B	2.64B	1.93B
COGS % of Revenue	0.45%	0.48%	0.39%	0.45%	0.39%	0.38%	0.35%	0.32%	0.35%	0.44%
Gross Profit+	1.21B	1.76B	2.42B	2.93B	3.24B	3.38B	4.45B	5.7B	5B	2.47B
Gross Margin %	0.55%	0.52%	0.61%	0.55%	0.61%	0.62%	0.65%	0.68%	0.65%	0.56%
Gross Profit Growth %	-0.02%	0.46%	0.38%	0.21%	0.11%	0.04%	0.32%	0.28%	-0.12%	-0.51%
Operating Expenses+	853.2M	1.48B	1.48B	2.22B	2.6B	2.38B	2.6B	2.58B	2.42B	2.17B
OpEx % of Revenue	0.39%	0.43%	0.37%	0.41%	0.49%	0.44%	0.38%	0.31%	0.32%	0.49%
Selling, General & Admin	301.67M	499.81M	452.1M	682.9M	676.6M	610.3M	718.9M	797.7M	734.2M	617.7M
SG&A % of Revenue	0.14%	0.15%	0.11%	0.13%	0.13%	0.11%	0.11%	0.09%	0.1%	0.14%
Research & Development	372.6M	545.29M	529.3M	826.3M	877.8M	836.4M	989.1M	1.12B	1.1B	983.8M
R&D % of Revenue	0.17%	0.16%	0.13%	0.15%	0.17%	0.15%	0.15%	0.13%	0.14%	0.22%
Other Operating Expenses	178.9M	436.3M	503M	707.8M	1.04B	934M	892M	665.9M	593.1M	570.1M
Operating Income+	352.3M	275.8M	936.3M	714.3M	647.1M	998.1M	1.85B	3.12B	2.57B	296.3M
Operating Margin %	0.16%	0.08%	0.24%	0.13%	0.12%	0.18%	0.27%	0.37%	0.34%	0.07%
Operating Income Growth %	-0.17%	-0.22%	2.39%	-0.24%	-0.09%	0.54%	0.85%	0.68%	-0.17%	-0.88%
EBITDA+	635.5M	745.01M	1.55B	1.59B	1.86B	2.15B	2.99B	4.11B	3.45B	1.05B
EBITDA Margin %	0.29%	0.22%	0.39%	0.3%	0.35%	0.4%	0.44%	0.49%	0.45%	0.24%
EBITDA Growth %	-0.1%	0.17%	1.08%	0.02%	0.17%	0.15%	0.39%	0.37%	-0.16%	-0.7%
D&A (Non-Cash Add-back)	283.2M	469.21M	615.9M	876.4M	1.22B	1.15B	1.14B	998.4M	879.5M	750.1M
EBIT	385.3M	236.1M	936.3M	690.9M	630.6M	679.3M	1.73B	3.1B	2.56B	290.3M
Net Interest Income+	-79.6M	-143.2M	-177M	-494.8M	-494.5M	-355.2M	-256.5M	-201.8M	-190.7M	-242.2M
Interest Income	24.4M	3.08M	22M	8.1M	2.8M	1.7M	500K	2.1M	7.6M	9.2M
Interest Expense	104M	146.35M	199M	502.9M	497.3M	356.9M	257M	203.9M	198.3M	251.4M
Other Income/Expense	-71M	-186M	-199M	-509.8M	-496.7M	-658.6M	-367.1M	-206.3M	-205.1M	-257.4M
Pretax Income+	281.29M	89.79M	737.3M	204.5M	150.4M	339.5M	1.48B	2.91B	2.37B	38.9M
Pretax Margin %	0.13%	0.03%	0.19%	0.04%	0.03%	0.06%	0.22%	0.34%	0.31%	0.01%
Income Tax+	-42.63M	-80.81M	481.9M	-151.4M	-420.2M	-9.9M	197M	672M	459M	39.4M
Effective Tax Rate %	1.15%	1.83%	0.35%	1.74%	3.79%	1.03%	0.87%	0.77%	0.81%	-0.01%
Net Income+	324.13M	164.64M	255.4M	355.9M	570.6M	349.4M	1.29B	2.24B	1.91B	-500K
Net Margin %	0.15%	0.05%	0.06%	0.07%	0.11%	0.06%	0.19%	0.27%	0.25%	-0%
Net Income Growth %	-0.12%	-0.49%	0.55%	0.39%	0.6%	-0.39%	2.68%	0.74%	-0.15%	-1%
Net Income (Continuing)	323.93M	170.6M	255.4M	355.9M	570.6M	349.4M	1.29B	2.24B	1.91B	-500K
Discontinued Operations	0	-6M	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.75	0.36	0.51	0.71	1.11	0.65	2.27	4.02	3.48	-0.01
EPS Growth %	-0.1%	-0.52%	0.42%	0.39%	0.56%	-0.41%	2.49%	0.77%	-0.13%	-1%
EPS (Basic)	0.80	0.38	0.55	0.76	1.19	0.67	2.33	4.07	3.52	-0.01
Diluted Shares Outstanding	434.78M	469.61M	497.8M	499.8M	512.4M	541.2M	565.9M	557.3M	548M	537.3M
Basic Shares Outstanding	406.77M	434.39M	465.8M	472.4M	477.8M	519.2M	552.3M	550.4M	542M	537.3M
Dividend Payout Ratio	0.9%	1.92%	1.32%	0.97%	0.61%	1.11%	0.39%	0.31%	0.48%	-

Balance Sheet

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Current Assets+	3.1B	2.31B	3.36B	2.21B	2.22B	2.15B	2.45B	3.07B	3.01B	2.99B
Cash & Short-Term Investments	2.45B	1.3B	2.2B	430.9M	403M	282M	319.4M	234M	319.7M	771.7M
Cash Only	2.09B	908.68M	901.3M	428.6M	401M	280M	317.4M	234M	319.7M	771.7M
Short-Term Investments	353.28M	394.09M	1.3B	2.3M	2M	2M	2M	0	0	0
Accounts Receivable	290.18M	478.37M	563.7M	880.6M	934M	997.7M	1.07B	1.31B	1.14B	689.7M
Days Sales Outstanding	48.73	51.24	51.69	60.08	64.64	66.96	57.4	56.46	54.68	57.19
Inventory	306.81M	417.2M	476.2M	711.7M	685.7M	665M	854.4M	1.32B	1.32B	1.29B
Days Inventory Outstanding	115.71	92.26	111.41	107.42	123.16	117.85	131.51	176.44	182.04	244.16
Other Current Assets	11.69M	65.34M	119.8M	191.6M	194.5M	200.5M	206.2M	205.1M	233.6M	236.4M
Total Non-Current Assets+	2.44B	5.37B	4.9B	16.14B	15.21B	14.33B	13.75B	13.3B	12.86B	12.38B
Property, Plant & Equipment	609.4M	683.34M	767.9M	996.7M	876.1M	854.7M	967.9M	1.18B	1.19B	1.18B
Fixed Asset Turnover	3.57x	4.99x	5.18x	5.37x	6.02x	6.36x	7.05x	7.16x	6.39x	3.72x
Goodwill	1.01B	2.3B	2.3B	6.66B	6.66B	6.67B	6.67B	6.67B	6.68B	6.68B
Intangible Assets	606.35M	2.15B	1.66B	6.69B	5.7B	4.79B	4.04B	3.37B	2.78B	2.39B
Long-Term Investments	118.55M	107.46M	0	0	0	0	0	0	0	0
Other Non-Current Assets	0	66.77M	71.8M	111.8M	217.2M	264.3M	265.2M	457.2M	611.9M	397.7M
Total Assets+	5.54B	7.68B	8.26B	18.35B	17.43B	16.48B	16.2B	16.37B	15.87B	15.37B
Asset Turnover	0.39x	0.44x	0.48x	0.29x	0.30x	0.33x	0.42x	0.52x	0.48x	0.29x
Asset Growth %	0.16%	0.39%	0.08%	1.22%	-0.05%	-0.05%	-0.02%	0.01%	-0.03%	-0.03%
Total Current Liabilities+	382.01M	704.45M	2.02B	2.37B	1.64B	2.41B	1.4B	3.12B	2.52B	1.16B
Accounts Payable	79.31M	149.23M	144.1M	226.4M	246.8M	292.4M	344.7M	396.9M	213M	160.6M
Days Payables Outstanding	29.91	33	33.71	34.17	44.33	51.82	53.06	52.86	29.46	30.31
Short-Term Debt	0	50M	1.31B	1.36B	608.8M	1.32B	0	1.4B	999.4M	0
Deferred Revenue (Current)	1000K	1000K	1000K	0	0	0	1000K	1000K	1000K	1000K
Other Current Liabilities	0	0	87.6M	500.1M	490.5M	517.4M	548.6M	729.6M	698.4M	437.8M
Current Ratio	8.11x	3.27x	1.66x	0.93x	1.35x	0.89x	1.75x	0.98x	1.20x	2.59x
Quick Ratio	7.30x	2.68x	1.43x	0.63x	0.94x	0.61x	1.14x	0.56x	0.67x	1.47x
Cash Conversion Cycle	134.54	110.49	129.38	133.33	143.47	132.99	135.85	180.04	207.25	271.04
Total Non-Current Liabilities+	3B	3.7B	2.96B	10.69B	10.2B	8.73B	8.91B	6.74B	6.7B	7.14B
Long-Term Debt	2.45B	2.9B	1.76B	8.95B	8.87B	7.58B	7.69B	5.04B	5B	5.63B
Capital Lease Obligations	0	0	0	0	94.7M	125.4M	128.6M	128.6M	0	0
Deferred Tax Liabilities	399.22M	409.05M	205.8M	706.1M	318.5M	43.9M	39.8M	42.7M	28.8M	33.8M
Other Non-Current Liabilities	152.33M	402.1M	995.8M	1.04B	916.6M	981.6M	1.05B	1.53B	1.67B	1.48B
Total Liabilities	3.39B	4.41B	4.98B	13.06B	11.84B	11.14B	10.3B	9.86B	9.22B	8.3B
Total Debt+	2.45B	2.95B	3.07B	10.31B	9.62B	9.07B	7.85B	6.6B	6.03B	5.67B
Net Debt	360.65M	2.04B	2.17B	9.88B	9.22B	8.79B	7.53B	6.37B	5.71B	4.89B
Debt / Equity	1.14x	0.90x	0.94x	1.95x	1.72x	1.70x	1.33x	1.01x	0.91x	0.80x
Debt / EBITDA	3.86x	3.96x	1.98x	6.48x	5.17x	4.22x	2.62x	1.60x	1.75x	5.41x
Net Debt / EBITDA	0.57x	2.74x	1.40x	6.21x	4.95x	4.09x	2.52x	1.55x	1.66x	4.68x
Interest Coverage	3.39x	1.88x	4.71x	1.42x	1.30x	2.80x	7.20x	15.28x	12.97x	1.18x
Total Equity+	2.15B	3.27B	3.28B	5.29B	5.59B	5.34B	5.89B	6.51B	6.66B	7.08B
Equity Growth %	0.04%	0.52%	0%	0.61%	0.06%	-0.04%	0.1%	0.1%	0.02%	0.06%
Book Value per Share	4.95	6.96	6.59	10.58	10.90	9.86	10.42	11.69	12.15	13.17
Total Shareholders' Equity	2.15B	3.27B	3.28B	5.29B	5.59B	5.34B	5.89B	6.51B	6.66B	7.08B
Common Stock	204K	229K	200K	200K	200K	500K	600K	500K	500K	600K
Retained Earnings	1.58B	1.48B	1.4B	3.21B	3.43B	3.39B	4.18B	5.76B	6.76B	5.78B
Treasury Stock	-820.07M	-731.9M	-662.6M	-582.2M	-500.6M	-433.8M	-796.3M	-1.66B	-2.58B	-2.61B
Accumulated OCI	-3.36M	-14.38M	-17.6M	-20.7M	-21.6M	-26.2M	-20.6M	-4.1M	-3.5M	-1.7M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations+	744.48M	1.06B	1.42B	1.67B	1.54B	1.92B	2.84B	3.62B	2.89B	898.1M
Operating CF Margin %	0.34%	0.31%	0.36%	0.31%	0.29%	0.35%	0.42%	0.43%	0.38%	0.2%
Operating CF Growth %	0.03%	0.42%	0.34%	0.18%	-0.08%	0.24%	0.48%	0.27%	-0.2%	-0.69%
Net Income	323.93M	164.64M	255.4M	355.9M	570.6M	349.4M	1.29B	2.24B	1.91B	-500K
Depreciation & Amortization	283.17M	469.21M	615.9M	876.4M	1.22B	1.15B	1.14B	998.4M	879.5M	750.1M
Stock-Based Compensation	71.42M	128.16M	93.2M	166.4M	170.2M	198.3M	210.2M	170.4M	177.5M	180.4M
Deferred Taxes	-60.42M	-126.89M	51.2M	-62.2M	-490.3M	-138.9M	7.9M	205.5M	-27.2M	-143.3M
Other Non-Cash Items	47.51M	129.52M	139.4M	153.6M	144.4M	381.4M	161.4M	25M	32.7M	11.3M
Working Capital Changes	78.88M	294.82M	264.5M	184.7M	-66.7M	-27M	34.2M	-16M	-76.7M	100.1M
Change in Receivables	-2.15M	-46.83M	-85.3M	238.8M	-53.3M	-63.7M	-74.9M	-232.7M	161.6M	454M
Change in Inventory	48.24M	223.71M	-59.2M	341.6M	28.8M	18.4M	-177.8M	-483.2M	12.8M	31.6M
Change in Payables	-20.84M	-16.07M	-13.9M	-180.7M	11.4M	17.6M	192.7M	323.4M	-148.4M	-345.6M
Cash from Investing+	800.4M	-2.84B	-1.01B	-6.81B	-133.2M	-173.3M	-477.7M	-599.5M	-392.1M	-287.8M
Capital Expenditures	-97.89M	-75.31M	-206.8M	-228.9M	-67.6M	-92.6M	-370.1M	-486.2M	-285.1M	-126M
CapEx % of Revenue	0.05%	0.02%	0.05%	0.04%	0.01%	0.02%	0.05%	0.06%	0.04%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	7.2M	12.8M	3.2M	-18.4M	-68.3M	-80.7M	-107.6M	-113.3M	-107M	-161.8M
Cash from Financing+	-59.94M	595.5M	-415.3M	4.66B	-1.44B	-1.86B	-2.33B	-3.1B	-2.41B	-158.3M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-291.09M	-315.4M	-337.5M	-344.4M	-350.1M	-388.3M	-503.8M	-695.3M	-911.5M	-975.7M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-20.96M	-58.4M	-44.4M	-71.8M	-68.1M	-64.6M	-84.2M	-75.8M	-61.1M	-223.3M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	646.59M	984.14M	1.21B	1.45B	1.48B	1.82B	2.47B	3.13B	2.61B	772.1M
FCF Margin %	0.3%	0.29%	0.3%	0.27%	0.28%	0.34%	0.36%	0.37%	0.34%	0.18%
FCF Growth %	0.13%	0.52%	0.23%	0.19%	0.02%	0.24%	0.36%	0.27%	-0.17%	-0.7%
FCF per Share	1.49	2.10	2.44	2.89	2.88	3.37	4.37	5.62	4.76	1.44
FCF Conversion (FCF/Net Income)	2.30x	6.44x	5.56x	4.71x	2.71x	5.49x	2.21x	1.62x	1.52x	-1796.20x
Interest Paid	0	0	85.3M	347.9M	355.2M	265.4M	207.8M	181.5M	191.2M	236.2M
Taxes Paid	0	0	25.9M	77.6M	101.3M	87.3M	141.4M	482.6M	517.1M	175.2M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	15.39%	6.07%	7.8%	8.31%	10.5%	6.4%	22.89%	36.07%	28.96%	-0.01%
Return on Invested Capital (ROIC)	9.12%	5.29%	13.05%	5.2%	3.24%	5.17%	10.07%	17.77%	15.27%	1.83%
Gross Margin	55.47%	51.56%	60.81%	54.8%	61.47%	62.13%	65.23%	67.52%	65.44%	56.07%
Net Margin	14.91%	4.83%	6.42%	6.65%	10.82%	6.42%	18.85%	26.52%	24.98%	-0.01%
Debt / Equity	1.14x	0.90x	0.94x	1.95x	1.72x	1.70x	1.33x	1.01x	0.91x	0.80x
Interest Coverage	3.39x	1.88x	4.71x	1.42x	1.30x	2.80x	7.20x	15.28x	12.97x	1.18x
FCF Conversion	2.30x	6.44x	5.56x	4.71x	2.71x	5.49x	2.21x	1.62x	1.52x	-1796.20x
Revenue Growth	1.22%	56.8%	16.81%	34.38%	-1.41%	3.11%	25.42%	23.72%	-9.53%	-42.35%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Semiconductor Products Member	2.08B	3.32B	3.88B	-	5.18B	5.34B	6.7B	8.28B	7.53B	4.27B
Semiconductor Products Member Growth	-	59.13%	16.86%	-	-	3.06%	25.55%	23.57%	-9.02%	-43.30%
Technology Licensing Member	89.12M	91.16M	104.8M	132.4M	96.9M	102.9M	122M	161M	103.3M	131.1M
Technology Licensing Member Growth	-	2.28%	14.97%	26.34%	-26.81%	6.19%	18.56%	31.97%	-35.84%	26.91%

Frequently Asked Questions

Growth & Financials

Microchip Technology Incorporated (MCHP) reported $4.21B in revenue for fiscal year 2025. This represents a 205% increase from $1.38B in 2012.

Microchip Technology Incorporated (MCHP) saw revenue decline by 42.3% over the past year.

Microchip Technology Incorporated (MCHP) reported a net loss of $185.1M for fiscal year 2025.

Dividend & Returns

Yes, Microchip Technology Incorporated (MCHP) pays a dividend with a yield of 2.44%. This makes it attractive for income-focused investors.

Microchip Technology Incorporated (MCHP) has a return on equity (ROE) of -0.0%. Negative ROE indicates the company is unprofitable.

Microchip Technology Incorporated (MCHP) generated $754.4M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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Microchip Technology Incorporated (MCHP) 10-Year Financial Performance & Capital Metrics

MCHP • • Industrial / General

TechnologySemiconductorsDigital & Computing SemiconductorsProcessors & Microcontrollers

Revenue $4.4B -42.3%
EBITDA $1.05B -69.7%
Net Income -$500K -100.0%
EPS (Diluted) -0.01 -100.1%
Gross Margin 56.07% -14.3%
EBITDA Margin 23.77% -47.4%
Operating Margin 6.73% -80.0%
Net Margin -0.01% -100.0%
ROE -0.01% -100.0%
ROIC 1.83% -88.0%
Debt/Equity 0.80 -11.7%
Interest Coverage 1.18 -90.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 21.7%
✓FCF machine: 17.5% free cash flow margin
✓Healthy dividend yield of 2.4%
✓Healthy 5Y average net margin of 15.4%
✓Trading near 52-week high

✗Weaknesses

✗Low asset turnover indicates capital-intensive operations

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y7.44%

5Y-3.55%

3Y-13.58%

TTM-23.36%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-123.68%

EPS CAGR

10Y-

5Y-

3Y-

TTM-133.27%

ROCE

10Y Avg9.98%

5Y Avg12.64%

3Y Avg14.56%

Latest2.15%

Peer Comparison

Processors & Microcontrollers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AMDAdvanced Micro Devices, Inc.	371.06B	227.92	227.92	13.69%	10.32%	5.44%	0.65%	0.04
LSCCLattice Semiconductor Corporation	11.66B	85.23	193.70	-30.9%	5.5%	3.86%	1.03%	0.02
NVDANVIDIA Corporation	4.55T	187.05	63.62	114.2%	53.01%	83.43%	1.34%	0.13
ICGIntchains Group Limited	57.43M	2.00	1.16	242.68%	6.51%	1.97%		0.00
PXLWPixelworks, Inc.	43.49M	6.91	-1.18	-27.6%	-73.56%	-90.71%		0.09
NANano Labs Ltd	75.56M	3.73	-2.23	-48.18%	-261.01%	-10.18%		0.85
WKEYWISeKey International Holding AG	74.69M	9.28	-3.50	-61.59%	-108.66%	-28.31%		0.10
LAESSEALSQ Corp	824.91M	4.65	-6.84	-63.47%	-141.28%	-42.3%		0.11

Profit & Loss

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales/Revenue+	2.17B	3.41B	3.98B	5.35B	5.27B	5.44B	6.82B	8.44B	7.63B	4.4B
Revenue Growth %	0.01%	0.57%	0.17%	0.34%	-0.01%	0.03%	0.25%	0.24%	-0.1%	-0.42%
Cost of Goods Sold+	967.8M	1.65B	1.56B	2.42B	2.03B	2.06B	2.37B	2.74B	2.64B	1.93B
COGS % of Revenue	0.45%	0.48%	0.39%	0.45%	0.39%	0.38%	0.35%	0.32%	0.35%	0.44%
Gross Profit+	1.21B	1.76B	2.42B	2.93B	3.24B	3.38B	4.45B	5.7B	5B	2.47B
Gross Margin %	0.55%	0.52%	0.61%	0.55%	0.61%	0.62%	0.65%	0.68%	0.65%	0.56%
Gross Profit Growth %	-0.02%	0.46%	0.38%	0.21%	0.11%	0.04%	0.32%	0.28%	-0.12%	-0.51%
Operating Expenses+	853.2M	1.48B	1.48B	2.22B	2.6B	2.38B	2.6B	2.58B	2.42B	2.17B
OpEx % of Revenue	0.39%	0.43%	0.37%	0.41%	0.49%	0.44%	0.38%	0.31%	0.32%	0.49%
Selling, General & Admin	301.67M	499.81M	452.1M	682.9M	676.6M	610.3M	718.9M	797.7M	734.2M	617.7M
SG&A % of Revenue	0.14%	0.15%	0.11%	0.13%	0.13%	0.11%	0.11%	0.09%	0.1%	0.14%
Research & Development	372.6M	545.29M	529.3M	826.3M	877.8M	836.4M	989.1M	1.12B	1.1B	983.8M
R&D % of Revenue	0.17%	0.16%	0.13%	0.15%	0.17%	0.15%	0.15%	0.13%	0.14%	0.22%
Other Operating Expenses	178.9M	436.3M	503M	707.8M	1.04B	934M	892M	665.9M	593.1M	570.1M
Operating Income+	352.3M	275.8M	936.3M	714.3M	647.1M	998.1M	1.85B	3.12B	2.57B	296.3M
Operating Margin %	0.16%	0.08%	0.24%	0.13%	0.12%	0.18%	0.27%	0.37%	0.34%	0.07%
Operating Income Growth %	-0.17%	-0.22%	2.39%	-0.24%	-0.09%	0.54%	0.85%	0.68%	-0.17%	-0.88%
EBITDA+	635.5M	745.01M	1.55B	1.59B	1.86B	2.15B	2.99B	4.11B	3.45B	1.05B
EBITDA Margin %	0.29%	0.22%	0.39%	0.3%	0.35%	0.4%	0.44%	0.49%	0.45%	0.24%
EBITDA Growth %	-0.1%	0.17%	1.08%	0.02%	0.17%	0.15%	0.39%	0.37%	-0.16%	-0.7%
D&A (Non-Cash Add-back)	283.2M	469.21M	615.9M	876.4M	1.22B	1.15B	1.14B	998.4M	879.5M	750.1M
EBIT	385.3M	236.1M	936.3M	690.9M	630.6M	679.3M	1.73B	3.1B	2.56B	290.3M
Net Interest Income+	-79.6M	-143.2M	-177M	-494.8M	-494.5M	-355.2M	-256.5M	-201.8M	-190.7M	-242.2M
Interest Income	24.4M	3.08M	22M	8.1M	2.8M	1.7M	500K	2.1M	7.6M	9.2M
Interest Expense	104M	146.35M	199M	502.9M	497.3M	356.9M	257M	203.9M	198.3M	251.4M
Other Income/Expense	-71M	-186M	-199M	-509.8M	-496.7M	-658.6M	-367.1M	-206.3M	-205.1M	-257.4M
Pretax Income+	281.29M	89.79M	737.3M	204.5M	150.4M	339.5M	1.48B	2.91B	2.37B	38.9M
Pretax Margin %	0.13%	0.03%	0.19%	0.04%	0.03%	0.06%	0.22%	0.34%	0.31%	0.01%
Income Tax+	-42.63M	-80.81M	481.9M	-151.4M	-420.2M	-9.9M	197M	672M	459M	39.4M
Effective Tax Rate %	1.15%	1.83%	0.35%	1.74%	3.79%	1.03%	0.87%	0.77%	0.81%	-0.01%
Net Income+	324.13M	164.64M	255.4M	355.9M	570.6M	349.4M	1.29B	2.24B	1.91B	-500K
Net Margin %	0.15%	0.05%	0.06%	0.07%	0.11%	0.06%	0.19%	0.27%	0.25%	-0%
Net Income Growth %	-0.12%	-0.49%	0.55%	0.39%	0.6%	-0.39%	2.68%	0.74%	-0.15%	-1%
Net Income (Continuing)	323.93M	170.6M	255.4M	355.9M	570.6M	349.4M	1.29B	2.24B	1.91B	-500K
Discontinued Operations	0	-6M	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.75	0.36	0.51	0.71	1.11	0.65	2.27	4.02	3.48	-0.01
EPS Growth %	-0.1%	-0.52%	0.42%	0.39%	0.56%	-0.41%	2.49%	0.77%	-0.13%	-1%
EPS (Basic)	0.80	0.38	0.55	0.76	1.19	0.67	2.33	4.07	3.52	-0.01
Diluted Shares Outstanding	434.78M	469.61M	497.8M	499.8M	512.4M	541.2M	565.9M	557.3M	548M	537.3M
Basic Shares Outstanding	406.77M	434.39M	465.8M	472.4M	477.8M	519.2M	552.3M	550.4M	542M	537.3M
Dividend Payout Ratio	0.9%	1.92%	1.32%	0.97%	0.61%	1.11%	0.39%	0.31%	0.48%	-

Balance Sheet

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Current Assets+	3.1B	2.31B	3.36B	2.21B	2.22B	2.15B	2.45B	3.07B	3.01B	2.99B
Cash & Short-Term Investments	2.45B	1.3B	2.2B	430.9M	403M	282M	319.4M	234M	319.7M	771.7M
Cash Only	2.09B	908.68M	901.3M	428.6M	401M	280M	317.4M	234M	319.7M	771.7M
Short-Term Investments	353.28M	394.09M	1.3B	2.3M	2M	2M	2M	0	0	0
Accounts Receivable	290.18M	478.37M	563.7M	880.6M	934M	997.7M	1.07B	1.31B	1.14B	689.7M
Days Sales Outstanding	48.73	51.24	51.69	60.08	64.64	66.96	57.4	56.46	54.68	57.19
Inventory	306.81M	417.2M	476.2M	711.7M	685.7M	665M	854.4M	1.32B	1.32B	1.29B
Days Inventory Outstanding	115.71	92.26	111.41	107.42	123.16	117.85	131.51	176.44	182.04	244.16
Other Current Assets	11.69M	65.34M	119.8M	191.6M	194.5M	200.5M	206.2M	205.1M	233.6M	236.4M
Total Non-Current Assets+	2.44B	5.37B	4.9B	16.14B	15.21B	14.33B	13.75B	13.3B	12.86B	12.38B
Property, Plant & Equipment	609.4M	683.34M	767.9M	996.7M	876.1M	854.7M	967.9M	1.18B	1.19B	1.18B
Fixed Asset Turnover	3.57x	4.99x	5.18x	5.37x	6.02x	6.36x	7.05x	7.16x	6.39x	3.72x
Goodwill	1.01B	2.3B	2.3B	6.66B	6.66B	6.67B	6.67B	6.67B	6.68B	6.68B
Intangible Assets	606.35M	2.15B	1.66B	6.69B	5.7B	4.79B	4.04B	3.37B	2.78B	2.39B
Long-Term Investments	118.55M	107.46M	0	0	0	0	0	0	0	0
Other Non-Current Assets	0	66.77M	71.8M	111.8M	217.2M	264.3M	265.2M	457.2M	611.9M	397.7M
Total Assets+	5.54B	7.68B	8.26B	18.35B	17.43B	16.48B	16.2B	16.37B	15.87B	15.37B
Asset Turnover	0.39x	0.44x	0.48x	0.29x	0.30x	0.33x	0.42x	0.52x	0.48x	0.29x
Asset Growth %	0.16%	0.39%	0.08%	1.22%	-0.05%	-0.05%	-0.02%	0.01%	-0.03%	-0.03%
Total Current Liabilities+	382.01M	704.45M	2.02B	2.37B	1.64B	2.41B	1.4B	3.12B	2.52B	1.16B
Accounts Payable	79.31M	149.23M	144.1M	226.4M	246.8M	292.4M	344.7M	396.9M	213M	160.6M
Days Payables Outstanding	29.91	33	33.71	34.17	44.33	51.82	53.06	52.86	29.46	30.31
Short-Term Debt	0	50M	1.31B	1.36B	608.8M	1.32B	0	1.4B	999.4M	0
Deferred Revenue (Current)	1000K	1000K	1000K	0	0	0	1000K	1000K	1000K	1000K
Other Current Liabilities	0	0	87.6M	500.1M	490.5M	517.4M	548.6M	729.6M	698.4M	437.8M
Current Ratio	8.11x	3.27x	1.66x	0.93x	1.35x	0.89x	1.75x	0.98x	1.20x	2.59x
Quick Ratio	7.30x	2.68x	1.43x	0.63x	0.94x	0.61x	1.14x	0.56x	0.67x	1.47x
Cash Conversion Cycle	134.54	110.49	129.38	133.33	143.47	132.99	135.85	180.04	207.25	271.04
Total Non-Current Liabilities+	3B	3.7B	2.96B	10.69B	10.2B	8.73B	8.91B	6.74B	6.7B	7.14B
Long-Term Debt	2.45B	2.9B	1.76B	8.95B	8.87B	7.58B	7.69B	5.04B	5B	5.63B
Capital Lease Obligations	0	0	0	0	94.7M	125.4M	128.6M	128.6M	0	0
Deferred Tax Liabilities	399.22M	409.05M	205.8M	706.1M	318.5M	43.9M	39.8M	42.7M	28.8M	33.8M
Other Non-Current Liabilities	152.33M	402.1M	995.8M	1.04B	916.6M	981.6M	1.05B	1.53B	1.67B	1.48B
Total Liabilities	3.39B	4.41B	4.98B	13.06B	11.84B	11.14B	10.3B	9.86B	9.22B	8.3B
Total Debt+	2.45B	2.95B	3.07B	10.31B	9.62B	9.07B	7.85B	6.6B	6.03B	5.67B
Net Debt	360.65M	2.04B	2.17B	9.88B	9.22B	8.79B	7.53B	6.37B	5.71B	4.89B
Debt / Equity	1.14x	0.90x	0.94x	1.95x	1.72x	1.70x	1.33x	1.01x	0.91x	0.80x
Debt / EBITDA	3.86x	3.96x	1.98x	6.48x	5.17x	4.22x	2.62x	1.60x	1.75x	5.41x
Net Debt / EBITDA	0.57x	2.74x	1.40x	6.21x	4.95x	4.09x	2.52x	1.55x	1.66x	4.68x
Interest Coverage	3.39x	1.88x	4.71x	1.42x	1.30x	2.80x	7.20x	15.28x	12.97x	1.18x
Total Equity+	2.15B	3.27B	3.28B	5.29B	5.59B	5.34B	5.89B	6.51B	6.66B	7.08B
Equity Growth %	0.04%	0.52%	0%	0.61%	0.06%	-0.04%	0.1%	0.1%	0.02%	0.06%
Book Value per Share	4.95	6.96	6.59	10.58	10.90	9.86	10.42	11.69	12.15	13.17
Total Shareholders' Equity	2.15B	3.27B	3.28B	5.29B	5.59B	5.34B	5.89B	6.51B	6.66B	7.08B
Common Stock	204K	229K	200K	200K	200K	500K	600K	500K	500K	600K
Retained Earnings	1.58B	1.48B	1.4B	3.21B	3.43B	3.39B	4.18B	5.76B	6.76B	5.78B
Treasury Stock	-820.07M	-731.9M	-662.6M	-582.2M	-500.6M	-433.8M	-796.3M	-1.66B	-2.58B	-2.61B
Accumulated OCI	-3.36M	-14.38M	-17.6M	-20.7M	-21.6M	-26.2M	-20.6M	-4.1M	-3.5M	-1.7M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations+	744.48M	1.06B	1.42B	1.67B	1.54B	1.92B	2.84B	3.62B	2.89B	898.1M
Operating CF Margin %	0.34%	0.31%	0.36%	0.31%	0.29%	0.35%	0.42%	0.43%	0.38%	0.2%
Operating CF Growth %	0.03%	0.42%	0.34%	0.18%	-0.08%	0.24%	0.48%	0.27%	-0.2%	-0.69%
Net Income	323.93M	164.64M	255.4M	355.9M	570.6M	349.4M	1.29B	2.24B	1.91B	-500K
Depreciation & Amortization	283.17M	469.21M	615.9M	876.4M	1.22B	1.15B	1.14B	998.4M	879.5M	750.1M
Stock-Based Compensation	71.42M	128.16M	93.2M	166.4M	170.2M	198.3M	210.2M	170.4M	177.5M	180.4M
Deferred Taxes	-60.42M	-126.89M	51.2M	-62.2M	-490.3M	-138.9M	7.9M	205.5M	-27.2M	-143.3M
Other Non-Cash Items	47.51M	129.52M	139.4M	153.6M	144.4M	381.4M	161.4M	25M	32.7M	11.3M
Working Capital Changes	78.88M	294.82M	264.5M	184.7M	-66.7M	-27M	34.2M	-16M	-76.7M	100.1M
Change in Receivables	-2.15M	-46.83M	-85.3M	238.8M	-53.3M	-63.7M	-74.9M	-232.7M	161.6M	454M
Change in Inventory	48.24M	223.71M	-59.2M	341.6M	28.8M	18.4M	-177.8M	-483.2M	12.8M	31.6M
Change in Payables	-20.84M	-16.07M	-13.9M	-180.7M	11.4M	17.6M	192.7M	323.4M	-148.4M	-345.6M
Cash from Investing+	800.4M	-2.84B	-1.01B	-6.81B	-133.2M	-173.3M	-477.7M	-599.5M	-392.1M	-287.8M
Capital Expenditures	-97.89M	-75.31M	-206.8M	-228.9M	-67.6M	-92.6M	-370.1M	-486.2M	-285.1M	-126M
CapEx % of Revenue	0.05%	0.02%	0.05%	0.04%	0.01%	0.02%	0.05%	0.06%	0.04%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	7.2M	12.8M	3.2M	-18.4M	-68.3M	-80.7M	-107.6M	-113.3M	-107M	-161.8M
Cash from Financing+	-59.94M	595.5M	-415.3M	4.66B	-1.44B	-1.86B	-2.33B	-3.1B	-2.41B	-158.3M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-291.09M	-315.4M	-337.5M	-344.4M	-350.1M	-388.3M	-503.8M	-695.3M	-911.5M	-975.7M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-20.96M	-58.4M	-44.4M	-71.8M	-68.1M	-64.6M	-84.2M	-75.8M	-61.1M	-223.3M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	646.59M	984.14M	1.21B	1.45B	1.48B	1.82B	2.47B	3.13B	2.61B	772.1M
FCF Margin %	0.3%	0.29%	0.3%	0.27%	0.28%	0.34%	0.36%	0.37%	0.34%	0.18%
FCF Growth %	0.13%	0.52%	0.23%	0.19%	0.02%	0.24%	0.36%	0.27%	-0.17%	-0.7%
FCF per Share	1.49	2.10	2.44	2.89	2.88	3.37	4.37	5.62	4.76	1.44
FCF Conversion (FCF/Net Income)	2.30x	6.44x	5.56x	4.71x	2.71x	5.49x	2.21x	1.62x	1.52x	-1796.20x
Interest Paid	0	0	85.3M	347.9M	355.2M	265.4M	207.8M	181.5M	191.2M	236.2M
Taxes Paid	0	0	25.9M	77.6M	101.3M	87.3M	141.4M	482.6M	517.1M	175.2M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	15.39%	6.07%	7.8%	8.31%	10.5%	6.4%	22.89%	36.07%	28.96%	-0.01%
Return on Invested Capital (ROIC)	9.12%	5.29%	13.05%	5.2%	3.24%	5.17%	10.07%	17.77%	15.27%	1.83%
Gross Margin	55.47%	51.56%	60.81%	54.8%	61.47%	62.13%	65.23%	67.52%	65.44%	56.07%
Net Margin	14.91%	4.83%	6.42%	6.65%	10.82%	6.42%	18.85%	26.52%	24.98%	-0.01%
Debt / Equity	1.14x	0.90x	0.94x	1.95x	1.72x	1.70x	1.33x	1.01x	0.91x	0.80x
Interest Coverage	3.39x	1.88x	4.71x	1.42x	1.30x	2.80x	7.20x	15.28x	12.97x	1.18x
FCF Conversion	2.30x	6.44x	5.56x	4.71x	2.71x	5.49x	2.21x	1.62x	1.52x	-1796.20x
Revenue Growth	1.22%	56.8%	16.81%	34.38%	-1.41%	3.11%	25.42%	23.72%	-9.53%	-42.35%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Semiconductor Products Member	2.08B	3.32B	3.88B	-	5.18B	5.34B	6.7B	8.28B	7.53B	4.27B
Semiconductor Products Member Growth	-	59.13%	16.86%	-	-	3.06%	25.55%	23.57%	-9.02%	-43.30%
Technology Licensing Member	89.12M	91.16M	104.8M	132.4M	96.9M	102.9M	122M	161M	103.3M	131.1M
Technology Licensing Member Growth	-	2.28%	14.97%	26.34%	-26.81%	6.19%	18.56%	31.97%	-35.84%	26.91%

Frequently Asked Questions

Growth & Financials

Microchip Technology Incorporated (MCHP) reported $4.21B in revenue for fiscal year 2025. This represents a 205% increase from $1.38B in 2012.

Microchip Technology Incorporated (MCHP) saw revenue decline by 42.3% over the past year.

Microchip Technology Incorporated (MCHP) reported a net loss of $185.1M for fiscal year 2025.

Dividend & Returns

Yes, Microchip Technology Incorporated (MCHP) pays a dividend with a yield of 2.44%. This makes it attractive for income-focused investors.

Microchip Technology Incorporated (MCHP) has a return on equity (ROE) of -0.0%. Negative ROE indicates the company is unprofitable.

Microchip Technology Incorporated (MCHP) generated $754.4M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.