Micron Technology, Inc. (MU) 10-Year Financial Performance & Capital Metrics

MU •

TechnologySemiconductorsMemory and Storage Semiconductors

AboutMicron Technology, Inc. designs, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit. It provides memory and storage technologies comprises DRAM products, which are dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; NAND products that are non-volatile and re-writeable semiconductor storage devices; and NOR memory products, which are non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels. The company offers memory products for the cloud server, enterprise, client, graphics, and networking markets, as well as for smartphone and other mobile-device markets; SSDs and component-level solutions for the enterprise and cloud, client, and consumer storage markets; other discrete storage products in component and wafers; and memory and storage products for the automotive, industrial, and consumer markets. It markets its products through its direct sales force, independent sales representatives, distributors, and retailers; and web-based customer direct sales channel, as well as through channel and distribution partners. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.Show more

Revenue $37.38B +48.9%
EBITDA $18.22B +102.4%
Net Income $8.54B +997.6%
EPS (Diluted) 7.59 +984.3%
Gross Margin 39.79% +78.0%
EBITDA Margin 48.75% +36.0%
Operating Margin 26.41% +408.5%
Net Margin 22.84% +637.4%
ROE 17.2% +886.5%
ROIC 13.23% +587.1%
Debt/Equity 0.28 -9.1%
Interest Coverage 20.69 +791.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 26.0%
✓Strong Piotroski F-Score: 7/9
✓Momentum leader: RS Rating 96 (top 4%)
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 11.8%

✗Weaknesses

✗Weak 3Y average ROE of 2.2%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y8.73%

5Y11.76%

3Y6.71%

TTM45.43%

Profit (Net Income) CAGR

10Y11.41%

5Y26.02%

3Y-0.57%

TTM206.77%

EPS CAGR

10Y11.88%

5Y26.21%

3Y-0.65%

TTM203.17%

ROCE

10Y Avg13.01%

5Y Avg7.51%

3Y Avg2.49%

Latest15.01%

Peer Comparison

Memory and Storage Semiconductors

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MRAMEverspin Technologies, Inc.	238.24M	10.80	306.82	-20.96%	-0.95%	-0.77%	1.7%	0.07
MUMicron Technology, Inc.	462.68B	412.37	54.33	48.85%	28.15%	20.25%	0.36%	0.28
SIMOSilicon Motion Technology Corporation	4.39B	129.23	8.85	10.21%	13.85%	14.76%	0.14%
GSITGSI Technology, Inc.	246.67M	8.16	-19.43	-5.73%	-48.54%	-30.25%		0.34

Profit & Loss

	Sep 2016	Aug 2017	Aug 2018	Aug 2019	Sep 2020	Sep 2021	Sep 2022	Aug 2023	Aug 2024	Aug 2025
Sales/Revenue+	12.4B	20.32B	30.39B	23.41B	21.43B	27.7B	30.76B	15.54B	25.11B	37.38B
Revenue Growth %	-23.43%	63.9%	49.55%	-22.98%	-8.42%	29.25%	11.02%	-49.48%	61.59%	48.85%
Cost of Goods Sold+	9.89B	11.89B	12.5B	12.7B	14.88B	17.28B	16.86B	16.96B	19.5B	22.5B
COGS % of Revenue	79.8%	58.49%	41.13%	54.28%	69.43%	62.38%	54.82%	109.11%	77.65%	60.21%
Gross Profit+	2.5B	8.44B	17.89B	10.7B	6.55B	10.42B	13.9B	-1.42B	5.61B	14.87B
Gross Margin %	20.2%	41.51%	58.87%	45.72%	30.57%	37.62%	45.18%	-9.11%	22.35%	39.79%
Gross Profit Growth %	-51.97%	236.77%	112.08%	-40.18%	-38.78%	59.08%	33.34%	-110.19%	496.4%	164.97%
Operating Expenses+	2.34B	2.57B	2.9B	3.33B	3.55B	4.19B	4.2B	4.33B	4.31B	5B
OpEx % of Revenue	18.85%	12.64%	9.53%	14.21%	16.56%	15.12%	13.64%	27.86%	17.16%	13.38%
Selling, General & Admin	656M	730M	813M	836M	881M	894M	1.07B	920M	1.13B	1.21B
SG&A % of Revenue	5.29%	3.59%	2.68%	3.57%	4.11%	3.23%	3.47%	5.92%	4.5%	3.22%
Research & Development	1.82B	2.04B	2.34B	2.44B	2.6B	2.66B	3.12B	3.11B	3.43B	3.8B
R&D % of Revenue	14.69%	10.02%	7.71%	10.43%	12.13%	9.61%	10.13%	20.04%	13.66%	10.16%
Other Operating Expenses	-141M	-199M	-258M	49M	68M	632M	14M	295M	-250M	0
Operating Income+	168M	5.87B	14.99B	7.38B	3B	6.28B	9.7B	-5.75B	1.3B	9.87B
Operating Margin %	1.35%	28.88%	49.34%	31.51%	14.01%	22.68%	31.54%	-36.97%	5.19%	26.41%
Operating Income Growth %	-94.4%	3392.86%	155.52%	-50.81%	-59.29%	109.22%	54.42%	-159.21%	122.7%	656.9%
EBITDA+	3.15B	9.73B	19.75B	12.8B	8.65B	12.41B	16.73B	1.93B	9B	18.22B
EBITDA Margin %	25.39%	47.87%	65%	54.69%	40.37%	44.81%	54.4%	12.39%	35.85%	48.75%
EBITDA Growth %	-44.43%	209.05%	103.03%	-35.2%	-32.4%	43.48%	34.78%	-88.5%	367.64%	102.42%
D&A (Non-Cash Add-back)	2.98B	3.86B	4.76B	5.42B	5.65B	6.13B	7.03B	7.67B	7.7B	8.35B
EBIT	234M	5.88B	14.93B	7.39B	3.06B	6.8B	9.71B	-5.46B	1.25B	10.14B
Net Interest Income+	-395M	-560M	-222M	77M	-80M	-146M	-93M	80M	-33M	19M
Interest Income	42M	41M	120M	205M	114M	37M	96M	468M	529M	496M
Interest Expense	437M	601M	342M	128M	194M	183M	189M	388M	562M	477M
Other Income/Expense	-424M	-664M	-688M	-325M	-13M	-28M	-127M	89M	-75M	-207M
Pretax Income+	-256M	5.2B	14.31B	7.05B	2.99B	6.25B	9.57B	-5.66B	1.23B	9.66B
Pretax Margin %	-2.06%	25.61%	47.07%	30.12%	13.95%	22.58%	31.13%	-36.4%	4.89%	25.85%
Income Tax+	19M	114M	168M	693M	280M	394M	888M	177M	451M	1.12B
Effective Tax Rate %	107.81%	97.79%	98.8%	89.53%	89.87%	93.7%	90.73%	103.13%	63.3%	88.37%
Net Income+	-276M	5.09B	14.13B	6.31B	2.69B	5.86B	8.69B	-5.83B	778M	8.54B
Net Margin %	-2.23%	25.04%	46.51%	26.97%	12.54%	21.15%	28.24%	-37.54%	3.1%	22.84%
Net Income Growth %	-109.52%	1943.84%	177.76%	-55.34%	-57.44%	118.12%	48.22%	-167.15%	113.34%	997.56%
Net Income (Continuing)	-275M	5.09B	14.14B	6.36B	2.71B	5.86B	8.69B	-5.83B	778M	8.54B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	848M	849M	870M	889M	0	0	0	0	0	0
EPS (Diluted)+	-0.27	4.41	11.50	5.52	2.37	5.14	7.74	-5.34	0.70	7.59
EPS Growth %	-110.93%	1733.33%	160.77%	-52%	-57.07%	116.88%	50.58%	-168.99%	113.11%	984.29%
EPS (Basic)	-0.27	4.67	11.51	5.67	2.42	5.23	7.81	-5.34	0.70	7.65
Diluted Shares Outstanding	1.04B	1.15B	1.23B	1.14B	1.13B	1.14B	1.12B	1.09B	1.12B	1.13B
Basic Shares Outstanding	1.02B	1.09B	1.23B	1.11B	1.11B	1.12B	1.11B	1.09B	1.1B	1.12B
Dividend Payout Ratio	-	-	-	-	-	-	5.31%	-	65.94%	6.11%

Balance Sheet

	Sep 2016	Aug 2017	Aug 2018	Aug 2019	Sep 2020	Sep 2021	Sep 2022	Aug 2023	Aug 2024	Aug 2025
Total Current Assets+	9.49B	12.46B	16.04B	16.5B	17.96B	19.91B	21.78B	21.24B	24.37B	28.84B
Cash & Short-Term Investments	4.4B	5.43B	6.8B	7.96B	8.14B	8.63B	9.33B	9.59B	8.11B	10.31B
Cash Only	4.14B	5.11B	6.51B	7.15B	7.62B	7.76B	8.26B	8.58B	7.04B	9.64B
Short-Term Investments	258M	319M	296M	803M	518M	870M	1.07B	1.02B	1.06B	665M
Accounts Receivable	2.07B	3.76B	5.48B	3.19B	3.91B	5.31B	5.13B	2.44B	6.62B	9.27B
Days Sales Outstanding	60.88	67.51	65.79	49.82	66.61	69.97	60.88	57.38	96.15	90.47
Inventory	2.89B	3.12B	3.6B	5.12B	5.61B	4.49B	6.66B	8.39B	8.88B	8.36B
Days Inventory Outstanding	106.58	95.9	104.97	147.05	137.51	94.77	144.25	180.54	166.14	135.51
Other Current Assets	140M	147M	164M	235M	304M	1.48B	657M	820M	776M	914M
Total Non-Current Assets+	18.05B	22.88B	27.34B	32.38B	35.71B	38.94B	44.5B	43.01B	45.04B	53.96B
Property, Plant & Equipment	14.69B	19.43B	23.67B	28.24B	31.61B	33.76B	39.23B	38.59B	40.39B	47.33B
Fixed Asset Turnover	0.84x	1.05x	1.28x	0.83x	0.68x	0.82x	0.78x	0.40x	0.62x	0.79x
Goodwill	104M	1.23B	1.23B	1.23B	1.23B	1.23B	1.23B	1.15B	1.15B	1.15B
Intangible Assets	464M	387M	331M	340M	334M	349M	421M	404M	416M	453M
Long-Term Investments	1.78B	633M	473M	1.16B	1.05B	1.76B	1.65B	844M	1.05B	1.63B
Other Non-Current Assets	356M	434M	611M	575M	781M	1.05B	1.28B	1.26B	1.52B	2.78B
Total Assets+	27.54B	35.34B	43.38B	48.89B	53.68B	58.85B	66.28B	64.25B	69.42B	82.8B
Asset Turnover	0.45x	0.58x	0.70x	0.48x	0.40x	0.47x	0.46x	0.24x	0.36x	0.45x
Asset Growth %	14.07%	28.31%	22.75%	12.71%	9.8%	9.63%	12.63%	-3.06%	8.03%	19.28%
Total Current Liabilities+	4.83B	5.33B	5.75B	6.39B	6.63B	6.42B	7.54B	4.76B	9.25B	11.45B
Accounts Payable	1.46B	1.33B	1.69B	1.68B	2.19B	1.74B	2.14B	1.73B	2.73B	3.13B
Days Payables Outstanding	53.82	40.93	49.41	48.18	53.73	36.83	46.37	37.13	51.03	50.8
Short-Term Debt	376M	905M	549M	1.09B	194M	1M	0	106M	106M	634M
Deferred Revenue (Current)	332M	605M	491M	0	0	0	0	0	0	26M
Other Current Liabilities	0	0	30M	454M	548M	943M	1.35B	529M	1.52B	5.92B
Current Ratio	1.96x	2.34x	2.79x	2.58x	2.71x	3.10x	2.89x	4.46x	2.64x	2.52x
Quick Ratio	1.37x	1.75x	2.16x	1.78x	1.86x	2.40x	2.01x	2.70x	1.68x	1.79x
Cash Conversion Cycle	113.63	122.48	121.36	148.69	150.39	127.9	158.75	200.79	211.26	175.18
Total Non-Current Liabilities+	9.78B	10.53B	4.46B	5.73B	8.05B	8.49B	8.84B	15.37B	15.04B	17.18B
Long-Term Debt	8.13B	9.06B	3.24B	4.17B	5.96B	5.97B	6.02B	11.94B	11.24B	14.02B
Capital Lease Obligations	1.03B	833M	536M	368M	943M	1.15B	1.39B	1.71B	2.34B	701M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	623M	639M	451M	550M	498M	559M	835M	987M	911M	1.44B
Total Liabilities	14.61B	15.87B	10.21B	12.12B	14.68B	14.92B	16.38B	20.13B	24.29B	28.63B
Total Debt+	9.91B	11.15B	4.64B	5.85B	7.18B	7.28B	7.52B	13.93B	14.01B	15.28B
Net Debt	5.77B	6.05B	-1.87B	-1.3B	-448M	-482M	-746M	5.36B	6.97B	5.64B
Debt / Equity	0.77x	0.57x	0.14x	0.16x	0.18x	0.17x	0.15x	0.32x	0.31x	0.28x
Debt / EBITDA	3.15x	1.15x	0.23x	0.46x	0.83x	0.59x	0.45x	7.24x	1.56x	0.84x
Net Debt / EBITDA	1.83x	0.62x	-0.09x	-0.10x	-0.05x	-0.04x	-0.04x	2.78x	0.77x	0.31x
Interest Coverage	0.38x	9.76x	43.84x	57.63x	15.48x	34.33x	51.33x	-14.81x	2.32x	20.69x
Total Equity+	12.93B	19.47B	33.16B	36.77B	39B	43.93B	49.91B	44.12B	45.13B	54.16B
Equity Growth %	-2.35%	50.6%	70.33%	10.87%	6.05%	12.66%	13.6%	-11.6%	2.29%	20.02%
Book Value per Share	12.48	16.87	26.98	32.17	34.48	38.50	44.48	40.37	40.37	48.15
Total Shareholders' Equity	12.08B	18.62B	32.29B	35.88B	39B	43.93B	49.91B	44.12B	45.13B	54.16B
Common Stock	109M	112M	117M	118M	119M	122M	123M	124M	125M	127M
Retained Earnings	5.3B	10.26B	24.39B	30.76B	33.38B	39.05B	47.27B	40.82B	40.88B	48.58B
Treasury Stock	-1.03B	-67M	-429M	-3.22B	-3.5B	-4.7B	-7.13B	-7.55B	-7.85B	-7.85B
Accumulated OCI	-35M	29M	10M	9M	71M	2M	-560M	-312M	-134M	-32M
Minority Interest	848M	849M	870M	889M	0	0	0	0	0	0

Cash Flow

	Sep 2016	Aug 2017	Aug 2018	Aug 2019	Sep 2020	Sep 2021	Sep 2022	Aug 2023	Aug 2024	Aug 2025
Cash from Operations+	3.17B	8.15B	17.4B	13.19B	8.31B	12.47B	15.18B	1.56B	8.51B	17.52B
Operating CF Margin %	25.55%	40.12%	57.25%	56.35%	38.75%	45%	49.36%	10.03%	33.88%	46.89%
Operating CF Growth %	-39.17%	157.35%	113.42%	-24.2%	-37.02%	50.11%	21.76%	-89.73%	445.67%	106.01%
Net Income	-275M	5.09B	14.14B	6.36B	2.71B	5.86B	8.69B	-5.83B	778M	8.54B
Depreciation & Amortization	3.11B	3.99B	4.86B	5.47B	5.65B	6.21B	7.12B	7.76B	7.78B	8.35B
Stock-Based Compensation	191M	215M	198M	243M	328M	378M	514M	596M	833M	972M
Deferred Taxes	-334M	-105M	284M	347M	-40M	1M	0	1.93B	0	0
Other Non-Cash Items	115M	125M	-164M	-111M	66M	434M	127M	4M	281M	0
Working Capital Changes	365M	-1.16B	-1.92B	879M	-408M	-420M	-1.26B	-2.9B	-1.17B	-338M
Change in Receivables	465M	-1.65B	-1.73B	2.43B	-723M	-1.45B	190M	2.76B	-3.58B	-1.78B
Change in Inventory	-549M	50M	-472M	-1.53B	-489M	866M	-2.18B	-3.56B	-488M	520M
Change in Payables	272M	564M	668M	-174M	725M	210M	744M	-2.1B	1.92B	862M
Cash from Investing+	-3.07B	-7.54B	-8.22B	-10.09B	-7.59B	-10.59B	-11.59B	-6.19B	-8.31B	-14.09B
Capital Expenditures	-5.86B	-5.25B	-9.09B	-9.86B	-8.22B	-10.03B	-12.07B	-7.68B	-8.39B	-15.86B
CapEx % of Revenue	47.29%	25.85%	29.89%	42.1%	38.36%	36.2%	39.23%	49.4%	33.4%	42.42%
Acquisitions	6M	-2.63B	-348M	1.1B	-744M	10.03B	888M	7.68B	0	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-58M	709M	1.07B	-155M	963M	-9.53B	-251M	-7.06B	282M	1.96B
Cash from Financing+	1.75B	349M	-7.78B	-2.44B	-317M	-1.78B	-2.98B	4.98B	-1.84B	-850M
Debt Issued (Net)	2.09B	753M	-9.19B	210M	634M	-332M	-32M	5.96B	-898M	-189M
Equity Issued (Net)	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	0
Dividends Paid	0	0	0	0	0	0	-461M	-504M	-513M	-522M
Share Repurchases	-148M	-36M	-71M	-2.73B	-176M	-1.2B	-2.43B	-425M	-300M	0
Other Financing	-201M	-368M	1.48B	81M	-775M	-155M	70M	-43M	-131M	-139M
Net Change in Cash	1.85B	953M	1.37B	692M	411M	139M	510M	317M	-1.6B	2.59B
Free Cash Flow+	-2.69B	2.9B	8.31B	3.33B	83M	2.44B	3.11B	-6.12B	121M	1.67B
FCF Margin %	-21.74%	14.27%	27.36%	14.24%	0.39%	8.8%	10.12%	-39.36%	0.48%	4.46%
FCF Growth %	-327.04%	207.61%	186.72%	-59.9%	-97.51%	2837.35%	27.73%	-296.44%	101.98%	1278.51%
FCF per Share	-2.60	2.51	6.77	2.92	0.07	2.14	2.78	-5.60	0.11	1.48
FCF Conversion (FCF/Net Income)	-11.48x	1.60x	1.23x	2.09x	3.09x	2.13x	1.75x	-0.27x	10.93x	2.05x
Interest Paid	267M	468M	312M	53M	165M	171M	154M	323M	503M	418M
Taxes Paid	90M	99M	226M	524M	167M	361M	493M	532M	338M	583M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-2.11%	31.42%	53.71%	18.05%	7.09%	14.13%	18.51%	-12.41%	1.74%	17.2%
Return on Invested Capital (ROIC)	0.68%	19.91%	39.59%	16.57%	6.09%	11.49%	15.71%	-8.74%	1.93%	13.23%
Gross Margin	20.2%	41.51%	58.87%	45.72%	30.57%	37.62%	45.18%	-9.11%	22.35%	39.79%
Net Margin	-2.23%	25.04%	46.51%	26.97%	12.54%	21.15%	28.24%	-37.54%	3.1%	22.84%
Debt / Equity	0.77x	0.57x	0.14x	0.16x	0.18x	0.17x	0.15x	0.32x	0.31x	0.28x
Interest Coverage	0.38x	9.76x	43.84x	57.63x	15.48x	34.33x	51.33x	-14.81x	2.32x	20.69x
FCF Conversion	-11.48x	1.60x	1.23x	2.09x	3.09x	2.13x	1.75x	-0.27x	10.93x	2.05x
Revenue Growth	-23.43%	63.9%	49.55%	-22.98%	-8.42%	29.25%	11.02%	-49.48%	61.59%	48.85%

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Micron Technology, Inc. (MU) 10-Year Financial Performance & Capital Metrics

MU •

TechnologySemiconductorsMemory and Storage Semiconductors

Revenue $37.38B +48.9%
EBITDA $18.22B +102.4%
Net Income $8.54B +997.6%
EPS (Diluted) 7.59 +984.3%
Gross Margin 39.79% +78.0%
EBITDA Margin 48.75% +36.0%
Operating Margin 26.41% +408.5%
Net Margin 22.84% +637.4%
ROE 17.2% +886.5%
ROIC 13.23% +587.1%
Debt/Equity 0.28 -9.1%
Interest Coverage 20.69 +791.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 26.0%
✓Strong Piotroski F-Score: 7/9
✓Momentum leader: RS Rating 96 (top 4%)
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 11.8%

✗Weaknesses

✗Weak 3Y average ROE of 2.2%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y8.73%

5Y11.76%

3Y6.71%

TTM45.43%

Profit (Net Income) CAGR

10Y11.41%

5Y26.02%

3Y-0.57%

TTM206.77%

EPS CAGR

10Y11.88%

5Y26.21%

3Y-0.65%

TTM203.17%

ROCE

10Y Avg13.01%

5Y Avg7.51%

3Y Avg2.49%

Latest15.01%

Peer Comparison

Memory and Storage Semiconductors

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MRAMEverspin Technologies, Inc.	238.24M	10.80	306.82	-20.96%	-0.95%	-0.77%	1.7%	0.07
MUMicron Technology, Inc.	462.68B	412.37	54.33	48.85%	28.15%	20.25%	0.36%	0.28
SIMOSilicon Motion Technology Corporation	4.39B	129.23	8.85	10.21%	13.85%	14.76%	0.14%
GSITGSI Technology, Inc.	246.67M	8.16	-19.43	-5.73%	-48.54%	-30.25%		0.34

Profit & Loss

	Sep 2016	Aug 2017	Aug 2018	Aug 2019	Sep 2020	Sep 2021	Sep 2022	Aug 2023	Aug 2024	Aug 2025
Sales/Revenue+	12.4B	20.32B	30.39B	23.41B	21.43B	27.7B	30.76B	15.54B	25.11B	37.38B
Revenue Growth %	-23.43%	63.9%	49.55%	-22.98%	-8.42%	29.25%	11.02%	-49.48%	61.59%	48.85%
Cost of Goods Sold+	9.89B	11.89B	12.5B	12.7B	14.88B	17.28B	16.86B	16.96B	19.5B	22.5B
COGS % of Revenue	79.8%	58.49%	41.13%	54.28%	69.43%	62.38%	54.82%	109.11%	77.65%	60.21%
Gross Profit+	2.5B	8.44B	17.89B	10.7B	6.55B	10.42B	13.9B	-1.42B	5.61B	14.87B
Gross Margin %	20.2%	41.51%	58.87%	45.72%	30.57%	37.62%	45.18%	-9.11%	22.35%	39.79%
Gross Profit Growth %	-51.97%	236.77%	112.08%	-40.18%	-38.78%	59.08%	33.34%	-110.19%	496.4%	164.97%
Operating Expenses+	2.34B	2.57B	2.9B	3.33B	3.55B	4.19B	4.2B	4.33B	4.31B	5B
OpEx % of Revenue	18.85%	12.64%	9.53%	14.21%	16.56%	15.12%	13.64%	27.86%	17.16%	13.38%
Selling, General & Admin	656M	730M	813M	836M	881M	894M	1.07B	920M	1.13B	1.21B
SG&A % of Revenue	5.29%	3.59%	2.68%	3.57%	4.11%	3.23%	3.47%	5.92%	4.5%	3.22%
Research & Development	1.82B	2.04B	2.34B	2.44B	2.6B	2.66B	3.12B	3.11B	3.43B	3.8B
R&D % of Revenue	14.69%	10.02%	7.71%	10.43%	12.13%	9.61%	10.13%	20.04%	13.66%	10.16%
Other Operating Expenses	-141M	-199M	-258M	49M	68M	632M	14M	295M	-250M	0
Operating Income+	168M	5.87B	14.99B	7.38B	3B	6.28B	9.7B	-5.75B	1.3B	9.87B
Operating Margin %	1.35%	28.88%	49.34%	31.51%	14.01%	22.68%	31.54%	-36.97%	5.19%	26.41%
Operating Income Growth %	-94.4%	3392.86%	155.52%	-50.81%	-59.29%	109.22%	54.42%	-159.21%	122.7%	656.9%
EBITDA+	3.15B	9.73B	19.75B	12.8B	8.65B	12.41B	16.73B	1.93B	9B	18.22B
EBITDA Margin %	25.39%	47.87%	65%	54.69%	40.37%	44.81%	54.4%	12.39%	35.85%	48.75%
EBITDA Growth %	-44.43%	209.05%	103.03%	-35.2%	-32.4%	43.48%	34.78%	-88.5%	367.64%	102.42%
D&A (Non-Cash Add-back)	2.98B	3.86B	4.76B	5.42B	5.65B	6.13B	7.03B	7.67B	7.7B	8.35B
EBIT	234M	5.88B	14.93B	7.39B	3.06B	6.8B	9.71B	-5.46B	1.25B	10.14B
Net Interest Income+	-395M	-560M	-222M	77M	-80M	-146M	-93M	80M	-33M	19M
Interest Income	42M	41M	120M	205M	114M	37M	96M	468M	529M	496M
Interest Expense	437M	601M	342M	128M	194M	183M	189M	388M	562M	477M
Other Income/Expense	-424M	-664M	-688M	-325M	-13M	-28M	-127M	89M	-75M	-207M
Pretax Income+	-256M	5.2B	14.31B	7.05B	2.99B	6.25B	9.57B	-5.66B	1.23B	9.66B
Pretax Margin %	-2.06%	25.61%	47.07%	30.12%	13.95%	22.58%	31.13%	-36.4%	4.89%	25.85%
Income Tax+	19M	114M	168M	693M	280M	394M	888M	177M	451M	1.12B
Effective Tax Rate %	107.81%	97.79%	98.8%	89.53%	89.87%	93.7%	90.73%	103.13%	63.3%	88.37%
Net Income+	-276M	5.09B	14.13B	6.31B	2.69B	5.86B	8.69B	-5.83B	778M	8.54B
Net Margin %	-2.23%	25.04%	46.51%	26.97%	12.54%	21.15%	28.24%	-37.54%	3.1%	22.84%
Net Income Growth %	-109.52%	1943.84%	177.76%	-55.34%	-57.44%	118.12%	48.22%	-167.15%	113.34%	997.56%
Net Income (Continuing)	-275M	5.09B	14.14B	6.36B	2.71B	5.86B	8.69B	-5.83B	778M	8.54B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	848M	849M	870M	889M	0	0	0	0	0	0
EPS (Diluted)+	-0.27	4.41	11.50	5.52	2.37	5.14	7.74	-5.34	0.70	7.59
EPS Growth %	-110.93%	1733.33%	160.77%	-52%	-57.07%	116.88%	50.58%	-168.99%	113.11%	984.29%
EPS (Basic)	-0.27	4.67	11.51	5.67	2.42	5.23	7.81	-5.34	0.70	7.65
Diluted Shares Outstanding	1.04B	1.15B	1.23B	1.14B	1.13B	1.14B	1.12B	1.09B	1.12B	1.13B
Basic Shares Outstanding	1.02B	1.09B	1.23B	1.11B	1.11B	1.12B	1.11B	1.09B	1.1B	1.12B
Dividend Payout Ratio	-	-	-	-	-	-	5.31%	-	65.94%	6.11%

Balance Sheet

	Sep 2016	Aug 2017	Aug 2018	Aug 2019	Sep 2020	Sep 2021	Sep 2022	Aug 2023	Aug 2024	Aug 2025
Total Current Assets+	9.49B	12.46B	16.04B	16.5B	17.96B	19.91B	21.78B	21.24B	24.37B	28.84B
Cash & Short-Term Investments	4.4B	5.43B	6.8B	7.96B	8.14B	8.63B	9.33B	9.59B	8.11B	10.31B
Cash Only	4.14B	5.11B	6.51B	7.15B	7.62B	7.76B	8.26B	8.58B	7.04B	9.64B
Short-Term Investments	258M	319M	296M	803M	518M	870M	1.07B	1.02B	1.06B	665M
Accounts Receivable	2.07B	3.76B	5.48B	3.19B	3.91B	5.31B	5.13B	2.44B	6.62B	9.27B
Days Sales Outstanding	60.88	67.51	65.79	49.82	66.61	69.97	60.88	57.38	96.15	90.47
Inventory	2.89B	3.12B	3.6B	5.12B	5.61B	4.49B	6.66B	8.39B	8.88B	8.36B
Days Inventory Outstanding	106.58	95.9	104.97	147.05	137.51	94.77	144.25	180.54	166.14	135.51
Other Current Assets	140M	147M	164M	235M	304M	1.48B	657M	820M	776M	914M
Total Non-Current Assets+	18.05B	22.88B	27.34B	32.38B	35.71B	38.94B	44.5B	43.01B	45.04B	53.96B
Property, Plant & Equipment	14.69B	19.43B	23.67B	28.24B	31.61B	33.76B	39.23B	38.59B	40.39B	47.33B
Fixed Asset Turnover	0.84x	1.05x	1.28x	0.83x	0.68x	0.82x	0.78x	0.40x	0.62x	0.79x
Goodwill	104M	1.23B	1.23B	1.23B	1.23B	1.23B	1.23B	1.15B	1.15B	1.15B
Intangible Assets	464M	387M	331M	340M	334M	349M	421M	404M	416M	453M
Long-Term Investments	1.78B	633M	473M	1.16B	1.05B	1.76B	1.65B	844M	1.05B	1.63B
Other Non-Current Assets	356M	434M	611M	575M	781M	1.05B	1.28B	1.26B	1.52B	2.78B
Total Assets+	27.54B	35.34B	43.38B	48.89B	53.68B	58.85B	66.28B	64.25B	69.42B	82.8B
Asset Turnover	0.45x	0.58x	0.70x	0.48x	0.40x	0.47x	0.46x	0.24x	0.36x	0.45x
Asset Growth %	14.07%	28.31%	22.75%	12.71%	9.8%	9.63%	12.63%	-3.06%	8.03%	19.28%
Total Current Liabilities+	4.83B	5.33B	5.75B	6.39B	6.63B	6.42B	7.54B	4.76B	9.25B	11.45B
Accounts Payable	1.46B	1.33B	1.69B	1.68B	2.19B	1.74B	2.14B	1.73B	2.73B	3.13B
Days Payables Outstanding	53.82	40.93	49.41	48.18	53.73	36.83	46.37	37.13	51.03	50.8
Short-Term Debt	376M	905M	549M	1.09B	194M	1M	0	106M	106M	634M
Deferred Revenue (Current)	332M	605M	491M	0	0	0	0	0	0	26M
Other Current Liabilities	0	0	30M	454M	548M	943M	1.35B	529M	1.52B	5.92B
Current Ratio	1.96x	2.34x	2.79x	2.58x	2.71x	3.10x	2.89x	4.46x	2.64x	2.52x
Quick Ratio	1.37x	1.75x	2.16x	1.78x	1.86x	2.40x	2.01x	2.70x	1.68x	1.79x
Cash Conversion Cycle	113.63	122.48	121.36	148.69	150.39	127.9	158.75	200.79	211.26	175.18
Total Non-Current Liabilities+	9.78B	10.53B	4.46B	5.73B	8.05B	8.49B	8.84B	15.37B	15.04B	17.18B
Long-Term Debt	8.13B	9.06B	3.24B	4.17B	5.96B	5.97B	6.02B	11.94B	11.24B	14.02B
Capital Lease Obligations	1.03B	833M	536M	368M	943M	1.15B	1.39B	1.71B	2.34B	701M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	623M	639M	451M	550M	498M	559M	835M	987M	911M	1.44B
Total Liabilities	14.61B	15.87B	10.21B	12.12B	14.68B	14.92B	16.38B	20.13B	24.29B	28.63B
Total Debt+	9.91B	11.15B	4.64B	5.85B	7.18B	7.28B	7.52B	13.93B	14.01B	15.28B
Net Debt	5.77B	6.05B	-1.87B	-1.3B	-448M	-482M	-746M	5.36B	6.97B	5.64B
Debt / Equity	0.77x	0.57x	0.14x	0.16x	0.18x	0.17x	0.15x	0.32x	0.31x	0.28x
Debt / EBITDA	3.15x	1.15x	0.23x	0.46x	0.83x	0.59x	0.45x	7.24x	1.56x	0.84x
Net Debt / EBITDA	1.83x	0.62x	-0.09x	-0.10x	-0.05x	-0.04x	-0.04x	2.78x	0.77x	0.31x
Interest Coverage	0.38x	9.76x	43.84x	57.63x	15.48x	34.33x	51.33x	-14.81x	2.32x	20.69x
Total Equity+	12.93B	19.47B	33.16B	36.77B	39B	43.93B	49.91B	44.12B	45.13B	54.16B
Equity Growth %	-2.35%	50.6%	70.33%	10.87%	6.05%	12.66%	13.6%	-11.6%	2.29%	20.02%
Book Value per Share	12.48	16.87	26.98	32.17	34.48	38.50	44.48	40.37	40.37	48.15
Total Shareholders' Equity	12.08B	18.62B	32.29B	35.88B	39B	43.93B	49.91B	44.12B	45.13B	54.16B
Common Stock	109M	112M	117M	118M	119M	122M	123M	124M	125M	127M
Retained Earnings	5.3B	10.26B	24.39B	30.76B	33.38B	39.05B	47.27B	40.82B	40.88B	48.58B
Treasury Stock	-1.03B	-67M	-429M	-3.22B	-3.5B	-4.7B	-7.13B	-7.55B	-7.85B	-7.85B
Accumulated OCI	-35M	29M	10M	9M	71M	2M	-560M	-312M	-134M	-32M
Minority Interest	848M	849M	870M	889M	0	0	0	0	0	0

Cash Flow

	Sep 2016	Aug 2017	Aug 2018	Aug 2019	Sep 2020	Sep 2021	Sep 2022	Aug 2023	Aug 2024	Aug 2025
Cash from Operations+	3.17B	8.15B	17.4B	13.19B	8.31B	12.47B	15.18B	1.56B	8.51B	17.52B
Operating CF Margin %	25.55%	40.12%	57.25%	56.35%	38.75%	45%	49.36%	10.03%	33.88%	46.89%
Operating CF Growth %	-39.17%	157.35%	113.42%	-24.2%	-37.02%	50.11%	21.76%	-89.73%	445.67%	106.01%
Net Income	-275M	5.09B	14.14B	6.36B	2.71B	5.86B	8.69B	-5.83B	778M	8.54B
Depreciation & Amortization	3.11B	3.99B	4.86B	5.47B	5.65B	6.21B	7.12B	7.76B	7.78B	8.35B
Stock-Based Compensation	191M	215M	198M	243M	328M	378M	514M	596M	833M	972M
Deferred Taxes	-334M	-105M	284M	347M	-40M	1M	0	1.93B	0	0
Other Non-Cash Items	115M	125M	-164M	-111M	66M	434M	127M	4M	281M	0
Working Capital Changes	365M	-1.16B	-1.92B	879M	-408M	-420M	-1.26B	-2.9B	-1.17B	-338M
Change in Receivables	465M	-1.65B	-1.73B	2.43B	-723M	-1.45B	190M	2.76B	-3.58B	-1.78B
Change in Inventory	-549M	50M	-472M	-1.53B	-489M	866M	-2.18B	-3.56B	-488M	520M
Change in Payables	272M	564M	668M	-174M	725M	210M	744M	-2.1B	1.92B	862M
Cash from Investing+	-3.07B	-7.54B	-8.22B	-10.09B	-7.59B	-10.59B	-11.59B	-6.19B	-8.31B	-14.09B
Capital Expenditures	-5.86B	-5.25B	-9.09B	-9.86B	-8.22B	-10.03B	-12.07B	-7.68B	-8.39B	-15.86B
CapEx % of Revenue	47.29%	25.85%	29.89%	42.1%	38.36%	36.2%	39.23%	49.4%	33.4%	42.42%
Acquisitions	6M	-2.63B	-348M	1.1B	-744M	10.03B	888M	7.68B	0	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-58M	709M	1.07B	-155M	963M	-9.53B	-251M	-7.06B	282M	1.96B
Cash from Financing+	1.75B	349M	-7.78B	-2.44B	-317M	-1.78B	-2.98B	4.98B	-1.84B	-850M
Debt Issued (Net)	2.09B	753M	-9.19B	210M	634M	-332M	-32M	5.96B	-898M	-189M
Equity Issued (Net)	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	0
Dividends Paid	0	0	0	0	0	0	-461M	-504M	-513M	-522M
Share Repurchases	-148M	-36M	-71M	-2.73B	-176M	-1.2B	-2.43B	-425M	-300M	0
Other Financing	-201M	-368M	1.48B	81M	-775M	-155M	70M	-43M	-131M	-139M
Net Change in Cash	1.85B	953M	1.37B	692M	411M	139M	510M	317M	-1.6B	2.59B
Free Cash Flow+	-2.69B	2.9B	8.31B	3.33B	83M	2.44B	3.11B	-6.12B	121M	1.67B
FCF Margin %	-21.74%	14.27%	27.36%	14.24%	0.39%	8.8%	10.12%	-39.36%	0.48%	4.46%
FCF Growth %	-327.04%	207.61%	186.72%	-59.9%	-97.51%	2837.35%	27.73%	-296.44%	101.98%	1278.51%
FCF per Share	-2.60	2.51	6.77	2.92	0.07	2.14	2.78	-5.60	0.11	1.48
FCF Conversion (FCF/Net Income)	-11.48x	1.60x	1.23x	2.09x	3.09x	2.13x	1.75x	-0.27x	10.93x	2.05x
Interest Paid	267M	468M	312M	53M	165M	171M	154M	323M	503M	418M
Taxes Paid	90M	99M	226M	524M	167M	361M	493M	532M	338M	583M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-2.11%	31.42%	53.71%	18.05%	7.09%	14.13%	18.51%	-12.41%	1.74%	17.2%
Return on Invested Capital (ROIC)	0.68%	19.91%	39.59%	16.57%	6.09%	11.49%	15.71%	-8.74%	1.93%	13.23%
Gross Margin	20.2%	41.51%	58.87%	45.72%	30.57%	37.62%	45.18%	-9.11%	22.35%	39.79%
Net Margin	-2.23%	25.04%	46.51%	26.97%	12.54%	21.15%	28.24%	-37.54%	3.1%	22.84%
Debt / Equity	0.77x	0.57x	0.14x	0.16x	0.18x	0.17x	0.15x	0.32x	0.31x	0.28x
Interest Coverage	0.38x	9.76x	43.84x	57.63x	15.48x	34.33x	51.33x	-14.81x	2.32x	20.69x
FCF Conversion	-11.48x	1.60x	1.23x	2.09x	3.09x	2.13x	1.75x	-0.27x	10.93x	2.05x
Revenue Growth	-23.43%	63.9%	49.55%	-22.98%	-8.42%	29.25%	11.02%	-49.48%	61.59%	48.85%

Micron Technology, Inc. (MU) 10-Year Financial Performance & Capital Metrics

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✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare MU vs Peers

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Revenue History

Financial Ratios

Micron Technology, Inc. (MU) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare MU vs Peers

vs SIMO

vs GSIT

Compare Top 4

Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios