MACOM Technology Solutions Holdings, Inc. (MTSI) Financial Ratios
17 years of historical data (2009–2025) · Technology · Semiconductors
EV/EBITDA
↑
120.23
↑+202% vs avg
5yr avg: 39.75
30Y Low3.4·High86.8
P/FCF
↑
118.10
↑+184% vs avg
5yr avg: 41.59
30Y Low14.7·High95.9
P/B Ratio
↓
16.92
↑+145% vs avg
5yr avg: 6.92
30Y Low1.6·High9.7
ROE
↓
-4.4%
↑-125% vs avg
5yr avg: 18.0%
30Y Low-78%·High67%
Debt/EBITDA
↓
2.79
↓-10% vs avg
5yr avg: 3.11
30Y Low0.9·High31.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
MTSI Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
MACOM Technology Solutions Holdings, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 118.1x P/FCF, 184% above the 5-year average of 41.6x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $22.8B | $9.4B | $8.2B | $5.8B | $3.7B | $4.6B | $2.3B | $1.4B | $1.3B | $2.7B | $2.3B |
| Enterprise Value | $23.2B | $9.9B | $8.5B | $6.1B | $4.2B | $4.9B | $2.8B | $2.0B | $1.9B | $3.3B | $2.5B |
| P/E Ratio → | -415.85 | — | 107.23 | 63.73 | 8.38 | 120.13 | — | — | — | — | 1411.33 |
| P/S Ratio | 23.54 | 9.75 | 11.25 | 9.00 | 5.46 | 7.53 | 4.27 | 2.83 | 2.36 | 3.88 | 4.15 |
| P/B Ratio | 16.92 | 7.10 | 7.28 | 6.16 | 4.37 | 9.69 | 7.55 | 4.53 | 2.01 | 3.48 | 4.88 |
| P/FCF | 118.10 | 48.89 | 58.52 | 41.02 | 24.49 | 35.04 | 14.73 | — | — | 95.87 | 47.94 |
| P/OCF | 96.75 | 40.05 | 50.45 | 34.95 | 20.83 | 30.80 | 13.22 | 68.21 | 37.07 | 44.36 | 28.52 |
P/E links to full P/E history page with 30-year chart
MTSI EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
MACOM Technology Solutions Holdings, Inc.'s enterprise value stands at 120.2x EBITDA, 202% above its 5-year average of 39.7x. The Technology sector median is 17.5x, placing the stock at a 588% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 10.19 | 11.71 | 9.48 | 6.17 | 8.15 | 5.34 | 4.06 | 3.41 | 4.67 | 4.61 |
| EV / EBITDA | 120.23 | 51.06 | 56.55 | 36.45 | 21.94 | 32.75 | 33.99 | 236.75 | 86.84 | 23.21 | 23.25 |
| EV / EBIT | 178.92 | — | 88.41 | 48.19 | 16.84 | 77.81 | — | — | — | — | — |
| EV / FCF | — | 51.10 | 60.96 | 43.22 | 27.69 | 37.89 | 18.42 | — | — | 115.57 | 53.26 |
MTSI Profitability
Margins and return-on-capital ratios measuring operating efficiency
MACOM Technology Solutions Holdings, Inc. earns an operating margin of 13.4%. Operating margins have compressed from 18.0% to 13.4% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -4.4% indicates the company is currently destroying shareholder equity. ROIC of 6.0% represents adequate returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 54.9% | 54.9% | 50.9% | 55.8% | 56.4% | 51.2% | 44.8% | 35.2% | 34.6% | 47.9% | 48.0% |
| Operating Margin | 13.4% | 13.4% | 11.5% | 18.0% | 19.7% | 13.3% | 0.9% | -19.2% | -15.8% | 6.8% | 6.9% |
| Net Profit Margin | -5.6% | -5.6% | 10.5% | 14.1% | 65.2% | 6.3% | -8.7% | -76.8% | -24.5% | -24.3% | 0.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -4.4% | -4.4% | 7.4% | 10.2% | 66.9% | 9.8% | -15.1% | -78.3% | -19.4% | -27.3% | 0.3% |
| ROA | -2.8% | -2.8% | 4.6% | 5.9% | 32.5% | 3.3% | -4.1% | -29.7% | -9.0% | -12.0% | 0.1% |
| ROIC | 6.0% | 6.0% | 4.6% | 6.8% | 9.2% | 7.1% | 0.4% | -6.5% | -5.2% | 3.5% | 4.1% |
| ROCE | 7.6% | 7.6% | 5.4% | 7.9% | 10.5% | 7.7% | 0.4% | -8.0% | -6.2% | 3.6% | 4.0% |
MTSI Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
MACOM Technology Solutions Holdings, Inc. carries a Debt/EBITDA ratio of 2.8x, which is moderately leveraged (roughly in line with the sector average of 2.9x). Net debt stands at $426M ($538M total debt minus $112M cash). Interest coverage of 23.5x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.41 | 0.41 | 0.43 | 0.51 | 0.71 | 1.12 | 2.32 | 2.22 | 1.04 | 0.88 | 1.26 |
| Debt / EBITDA | 2.79 | 2.79 | 3.23 | 2.89 | 3.16 | 3.50 | 8.36 | 80.82 | 31.01 | 4.88 | 5.40 |
| Net Debt / Equity | — | 0.32 | 0.30 | 0.33 | 0.57 | 0.79 | 1.89 | 1.98 | 0.90 | 0.72 | 0.54 |
| Net Debt / EBITDA | 2.21 | 2.21 | 2.26 | 1.86 | 2.53 | 2.46 | 6.81 | 72.01 | 26.79 | 3.96 | 2.32 |
| Debt / FCF | — | 2.21 | 2.43 | 2.20 | 3.19 | 2.85 | 3.69 | — | — | 19.70 | 5.32 |
| Interest Coverage | 23.50 | 23.50 | 16.33 | 9.41 | 15.52 | 3.67 | 0.17 | -2.68 | -2.87 | 1.65 | 2.03 |
MTSI Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
MACOM Technology Solutions Holdings, Inc.'s current ratio of 3.71x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 2.98x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 9.11x to 3.71x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.71 | 3.71 | 8.35 | 9.11 | 8.36 | 5.61 | 5.07 | 5.33 | 4.29 | 4.81 | 6.65 |
| Quick Ratio | 2.98 | 2.98 | 6.55 | 7.48 | 7.18 | 4.72 | 4.11 | 3.88 | 3.14 | 3.64 | 5.40 |
| Cash Ratio | 2.42 | 2.42 | 5.38 | 6.16 | 6.03 | 3.71 | 3.51 | 2.36 | 1.80 | 1.83 | 3.87 |
| Asset Turnover | — | 0.46 | 0.42 | 0.42 | 0.43 | 0.54 | 0.46 | 0.45 | 0.38 | 0.43 | 0.46 |
| Inventory Turnover | 1.83 | 1.83 | 1.84 | 2.10 | 2.56 | 3.58 | 3.20 | 3.00 | 3.03 | 2.68 | 2.46 |
| Days Sales Outstanding | — | 56.09 | 52.88 | 51.37 | 54.90 | 50.86 | 31.60 | 63.15 | 73.57 | 80.75 | 87.13 |
MTSI Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
MACOM Technology Solutions Holdings, Inc. returns 0.2% to shareholders annually primarily through share buybacks.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 0.9% | 1.6% | 11.9% | 0.8% | — | — | — | — | 0.1% |
| FCF Yield | 0.8% | 2.0% | 1.7% | 2.4% | 4.1% | 2.9% | 6.8% | — | — | 1.0% | 2.1% |
| Buyback Yield | 0.2% | 0.5% | 0.2% | 0.6% | 1.0% | 0.5% | 0.3% | 0.3% | 0.5% | 0.7% | 0.4% |
| Total Shareholder Yield | 0.2% | 0.5% | 0.2% | 0.6% | 1.0% | 0.5% | 0.3% | 0.3% | 0.5% | 0.7% | 0.4% |
| Shares Outstanding | — | $74M | $74M | $72M | $71M | $70M | $67M | $66M | $65M | $61M | $53M |
Peer Comparison
Compare MTSI with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 MTSIYou | $23B | -415.8 | 120.2 | 118.1 | 54.9% | 13.4% | -4.4% | 6.0% | 2.8 |
 LITE | $71B | 2688.0 | 954.3 | — | 28.0% | -10.9% | 2.5% | -4.3% | 34.0 |
 COHU | $2B | -30.5 | — | 212.1 | 34.5% | -13.3% | -9.0% | -5.7% | — |
 QRVO | $9B | 26.6 | 22.5 | 13.1 | 45.9% | 11.2% | 10.1% | 8.1% | 3.8 |
 SWKS | $11B | 23.6 | 11.4 | 9.9 | 41.2% | 12.2% | 7.9% | 6.3% | 1.2 |
 SLAB | $7B | -110.2 | — | 109.3 | 58.2% | -9.0% | -6.0% | -6.9% | — |
 ALGM | $9B | -127.4 | 211.4 | 419.1 | 44.3% | -2.7% | -7.1% | -1.3% | 8.2 |
 ADI | $198B | 88.8 | 41.3 | 46.2 | 61.5% | 26.6% | 6.6% | 5.4% | 1.8 |
 MPWR | $78B | 124.6 | 98.7 | 117.1 | 55.2% | 26.1% | 18.4% | 22.2% | 0.0 |
 AEHR | $3B | -701.5 | — | — | 40.6% | -7.3% | -3.2% | -3.0% | — |
 CRUS | $9B | 28.5 | 18.5 | 21.5 | 52.5% | 21.6% | 17.6% | 20.4% | 0.3 |
| Technology Median | — | 26.7 | 17.5 | 19.5 | 48.9% | -0.6% | 2.5% | 3.0% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonMTSI — Frequently Asked Questions
Quick answers to the most common questions about buying MTSI stock.
What is MACOM Technology Solutions Holdings, Inc.'s P/E ratio?
MACOM Technology Solutions Holdings, Inc.'s current P/E ratio is -415.8x. The historical average is 59.8x.
What is MACOM Technology Solutions Holdings, Inc.'s EV/EBITDA?
MACOM Technology Solutions Holdings, Inc.'s current EV/EBITDA is 120.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 33.4x.
What is MACOM Technology Solutions Holdings, Inc.'s ROE?
MACOM Technology Solutions Holdings, Inc.'s return on equity (ROE) is -4.4%. The historical average is -0.3%.
Is MTSI stock overvalued?
Based on historical data, MACOM Technology Solutions Holdings, Inc. is trading at a P/E of -415.8x. Compare with industry peers and growth rates for a complete picture.
What are MACOM Technology Solutions Holdings, Inc.'s profit margins?
MACOM Technology Solutions Holdings, Inc. has 54.9% gross margin and 13.4% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does MACOM Technology Solutions Holdings, Inc. have?
MACOM Technology Solutions Holdings, Inc.'s Debt/EBITDA ratio is 2.8x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.