MaxLinear, Inc. (MXL) 10-Year Financial Performance & Capital Metrics

MXL • • Industrial / General

TechnologySemiconductorsConnectivity & Communication SemiconductorsNetworking & Interface

AboutMaxLinear, Inc. provides radiofrequency (RF), high-performance analog, and mixed-signal communications systems-on-chip solutions (SoCs) for the connected home, wired and wireless infrastructure, and industrial and multi-market applications worldwide. Its products integrate various portions of a high-speed communication system, including RF, high-performance analog, mixed-signal, digital signal processing, security engines, data compression, networking layers, and power management. The company offers broadband radio transceiver front ends, data converters, embedded systems and software architecture, and architecture and system design for highly integrated end-to-end communication platform solutions. Its products are used in various electronic devices, such as cable data over cable service interface specifications (DOCSIS), fiber and DSL broadband modems and gateways; Wi-Fi and wireline routers for home networking; radio transceivers and modems for 4G/5G base-station and backhaul infrastructure; and fiber-optic modules for data center, metro, and long-haul transport networks, as well as power management and interface products. It serves electronics distributors, module makers, original equipment manufacturers (OEMs), and original design manufacturers (ODMs) through a direct sales force, third-party sales representatives, and a network of distributors. The company was incorporated in 2003 and is headquartered in Carlsbad, California.Show more

Revenue $361M -48.0%
EBITDA -$123M -362.8%
Net Income -$245M -235.2%
EPS (Diluted) -2.93 -222.0%
Gross Margin 53.37% -3.3%
EBITDA Margin -34% -605.4%
Operating Margin -46.8% -1928.3%
Net Margin -68.01% -544.6%
ROE -40.78% -279.8%
ROIC -21.06% -1040.4%
Debt/Equity 0.29 +25.9%
Interest Coverage -15.52 -938.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 82 (top 18%)

✗Weaknesses

✗Weak Piotroski F-Score: 1/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow

Price & Volume

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Growth Metrics

Revenue CAGR

10Y10.48%

5Y2.6%

3Y-26.07%

TTM7.53%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM20.47%

EPS CAGR

10Y-

5Y-

3Y-

TTM23.16%

ROCE

10Y Avg1.19%

5Y Avg-1%

3Y Avg-0.59%

Latest-21.82%

Peer Comparison

Networking & Interface

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AVGOBroadcom Inc.	1.68T	354.61	288.30	43.98%	31.59%	25.84%	1.15%	1.00
MXLMaxLinear, Inc.	1.6B	18.34	-6.26	-48%	-42.43%	-38.65%		0.29
VLNValens Semiconductor Ltd.	239.54M	2.34	-6.88	-31.25%	-44.38%	-27.68%		0.05
MRVLMarvell Technology, Inc.	70.43B	83.05	-81.42	4.71%	31.75%	17.6%	1.97%	0.32
ALABAstera Labs, Inc. Common Stock	30.5B	180.56	-282.13	242.24%	27.5%	15.64%	0.34%	0.00

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	300.36M	387.83M	420.32M	385M	317.18M	478.6M	892.4M	1.12B	693.26M	360.53M
Revenue Growth %	1.26%	0.29%	0.08%	-0.08%	-0.18%	0.51%	0.86%	0.26%	-0.38%	-0.48%
Cost of Goods Sold+	144.94M	157.84M	241.73M	208.35M	172.58M	289.33M	420.19M	482.44M	310.48M	168.11M
COGS % of Revenue	0.48%	0.41%	0.58%	0.54%	0.54%	0.6%	0.47%	0.43%	0.45%	0.47%
Gross Profit+	155.42M	229.99M	178.59M	176.65M	144.6M	189.26M	472.2M	637.81M	382.78M	192.42M
Gross Margin %	0.52%	0.59%	0.42%	0.46%	0.46%	0.4%	0.53%	0.57%	0.55%	0.53%
Gross Profit Growth %	0.9%	0.48%	-0.22%	-0.01%	-0.18%	0.31%	1.49%	0.35%	-0.4%	-0.5%
Operating Expenses+	157.76M	156.48M	178.73M	189.71M	164.02M	272.24M	404.75M	452.49M	398.78M	361.15M
OpEx % of Revenue	0.53%	0.4%	0.43%	0.49%	0.52%	0.57%	0.45%	0.4%	0.58%	1%
Selling, General & Admin	72.35M	58.73M	67M	69.81M	65.73M	92.25M	126.32M	156.05M	129.28M	135.96M
SG&A % of Revenue	0.24%	0.15%	0.16%	0.18%	0.21%	0.19%	0.14%	0.14%	0.19%	0.38%
Research & Development	85.41M	97.75M	111.73M	119.9M	98.3M	179.99M	278.44M	296.44M	269.5M	225.19M
R&D % of Revenue	0.28%	0.25%	0.27%	0.31%	0.31%	0.38%	0.31%	0.26%	0.39%	0.62%
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	-2.33M	73.51M	-147K	-13.06M	-19.42M	-82.98M	67.45M	185.32M	-16M	-168.74M
Operating Margin %	-0.01%	0.19%	-0%	-0.03%	-0.06%	-0.17%	0.08%	0.17%	-0.02%	-0.47%
Operating Income Growth %	0.73%	32.51%	-1%	-87.85%	-0.49%	-3.27%	1.81%	1.75%	-1.09%	-9.55%
EBITDA+	38.31M	100.21M	66.59M	65.97M	44.89M	-10.36M	151.86M	257.22M	46.64M	-122.58M
EBITDA Margin %	0.13%	0.26%	0.16%	0.17%	0.14%	-0.02%	0.17%	0.23%	0.07%	-0.34%
EBITDA Growth %	12.1%	1.62%	-0.34%	-0.01%	-0.32%	-1.23%	15.66%	0.69%	-0.82%	-3.63%
D&A (Non-Cash Add-back)	40.64M	26.7M	66.74M	79.03M	64.31M	72.62M	84.41M	71.9M	62.63M	46.15M
EBIT	-42.81M	63.79M	-23.62M	-18.6M	-21.35M	-101.9M	60.87M	183.97M	-53.11M	-227.84M
Net Interest Income+	175K	468K	-10.1M	-14.18M	-10.36M	-12.54M	-12.92M	-9.52M	-4.65M	-4.49M
Interest Income	275K	572K	274K	78K	775K	409K	78K	245K	6.05M	6.39M
Interest Expense	100K	104K	10.38M	14.26M	11.13M	12.95M	13M	9.77M	10.7M	10.87M
Other Income/Expense	-40.57M	-9.82M	-33.85M	-19.79M	-13.06M	-31.88M	-19.58M	-11.12M	-47.81M	-69.98M
Pretax Income+	-42.91M	63.69M	-34M	-32.85M	-32.48M	-114.85M	47.87M	174.2M	-63.81M	-238.72M
Pretax Margin %	-0.14%	0.16%	-0.08%	-0.09%	-0.1%	-0.24%	0.05%	0.16%	-0.09%	-0.66%
Income Tax+	-575K	2.4M	-24.81M	-6.65M	-12.59M	-16.26M	5.9M	49.16M	9.34M	6.48M
Effective Tax Rate %	0.99%	0.96%	0.27%	0.8%	0.61%	0.86%	0.88%	0.72%	1.15%	1.03%
Net Income+	-42.33M	61.29M	-9.19M	-26.2M	-19.9M	-98.59M	41.97M	125.04M	-73.15M	-245.2M
Net Margin %	-0.14%	0.16%	-0.02%	-0.07%	-0.06%	-0.21%	0.05%	0.11%	-0.11%	-0.68%
Net Income Growth %	-5.01%	2.45%	-1.15%	-1.85%	0.24%	-3.95%	1.43%	1.98%	-1.58%	-2.35%
Net Income (Continuing)	-42.33M	61.29M	-9.19M	-26.2M	-19.9M	-98.59M	41.97M	125.04M	-73.15M	-245.2M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.79	0.91	-0.14	-0.38	-0.28	-1.35	0.53	1.55	-0.91	-2.93
EPS Growth %	-3.16%	2.15%	-1.15%	-1.71%	0.26%	-3.82%	1.39%	1.92%	-1.59%	-2.22%
EPS (Basic)	-0.79	0.96	-0.14	-0.38	-0.28	-1.35	0.55	1.60	-0.91	-2.93
Diluted Shares Outstanding	53.38M	67.65M	66.25M	68.49M	71M	73.13M	79.68M	80.85M	80.72M	83.6M
Basic Shares Outstanding	53.38M	63.78M	66.25M	68.49M	71M	73.13M	76.04M	78.04M	80.72M	83.6M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	190M	214.04M	201.3M	180.61M	181.77M	361.72M	404.1M	563.12M	488.02M	323.44M
Cash & Short-Term Investments	111.26M	130.81M	73.35M	73.79M	93.06M	149.02M	130.68M	206.86M	188.34M	119.58M
Cash Only	67.96M	82.9M	73.35M	73.79M	93.06M	149.02M	130.68M	188.34M	188.34M	119.58M
Short-Term Investments	43.3M	47.92M	0	0	0	0	0	18.53M	0	0
Accounts Receivable	42.4M	50.49M	66.1M	59.49M	50.41M	67.44M	119.72M	170.97M	170.62M	85.46M
Days Sales Outstanding	51.52	47.51	57.4	56.4	58.01	51.43	48.97	55.71	89.83	86.52
Inventory	32.44M	26.58M	53.43M	41.74M	31.51M	97.84M	131.7M	160.54M	99.91M	90.34M
Days Inventory Outstanding	81.7	61.47	80.68	73.12	66.64	123.43	114.4	121.46	117.45	196.15
Other Current Assets	3.9M	6.16M	8.42M	10.36M	6.79M	47.42M	9.81M	24.75M	29.16M	28.06M
Total Non-Current Assets+	144.5M	208.61M	661.75M	580.44M	539.38M	670.91M	648.36M	623.03M	596.04M	543.44M
Property, Plant & Equipment	21.86M	20.55M	22.66M	18.4M	27.59M	61.36M	88.19M	107.53M	97.69M	77.48M
Fixed Asset Turnover	13.74x	18.87x	18.55x	20.92x	11.50x	7.80x	10.12x	10.42x	7.10x	4.65x
Goodwill	49.78M	76.02M	237.99M	238.33M	238.33M	302.83M	306.67M	306.74M	318.59M	318.59M
Intangible Assets	51.35M	104.26M	315.05M	244.9M	187.97M	207.27M	152.54M	109.32M	73.63M	55.01M
Long-Term Investments	19.24M	5.99M	1.06M	404K	60K	1.02M	6.06M	11.82M	11.82M	25K
Other Non-Current Assets	2.27M	1.79M	6.92M	4.66M	2.79M	2.19M	3.65M	15M	21.01M	21.43M
Total Assets+	334.5M	422.65M	863.06M	765.82M	721.15M	1.03B	1.05B	1.19B	1.08B	866.88M
Asset Turnover	0.90x	0.92x	0.49x	0.50x	0.44x	0.46x	0.85x	0.94x	0.64x	0.42x
Asset Growth %	1.46%	0.26%	1.04%	-0.11%	-0.06%	0.43%	0.02%	0.13%	-0.09%	-0.2%
Total Current Liabilities+	55.83M	54.54M	76.39M	70.57M	66.56M	233.66M	207.4M	341.09M	222.13M	182.28M
Accounts Payable	6.39M	6.76M	16.94M	15.59M	13.44M	32.75M	52.98M	68.58M	21.55M	31.38M
Days Payables Outstanding	16.09	15.63	25.58	27.31	28.43	41.32	46.02	51.88	25.34	68.13
Short-Term Debt	0	0	0	1.21M	4.81M	8.14M	8.89M	10.49M	9.13M	9.41M
Deferred Revenue (Current)	1000K	1000K	1000K	0	0	0	1000K	1000K	1000K	114K
Other Current Liabilities	35.39M	31.53M	41.88M	42.74M	38.85M	144.27M	80.74M	192.97M	158.9M	120.54M
Current Ratio	3.40x	3.92x	2.64x	2.56x	2.73x	1.55x	1.95x	1.65x	2.20x	1.77x
Quick Ratio	2.82x	3.44x	1.94x	1.97x	2.26x	1.13x	1.31x	1.18x	1.75x	1.28x
Cash Conversion Cycle	117.14	93.36	112.5	102.21	96.22	133.54	117.35	125.29	181.95	214.55
Total Non-Current Liabilities+	15.75M	15.68M	399.25M	290.55M	239.66M	407.85M	355.87M	168.69M	175.67M	168.32M
Long-Term Debt	0	0	347.61M	255.76M	206.91M	363.59M	306.15M	121.76M	122.38M	123M
Capital Lease Obligations	0	0	0	4.1M	9.34M	20.86M	24.64M	23.35M	26.24M	16.95M
Deferred Tax Liabilities	0	0	38.19M	22.22M	15.36M	10.19M	2.08M	6.13M	3.81M	2.25M
Other Non-Current Liabilities	4.32M	6.03M	8.56M	8.47M	8.06M	13.21M	23M	17.44M	23.25M	26.12M
Total Liabilities	71.58M	70.23M	475.63M	365.88M	306.23M	641.51M	563.26M	509.77M	397.8M	350.6M
Total Debt+	0	0	347.61M	261.07M	221.05M	392.6M	339.68M	155.6M	157.75M	149.36M
Net Debt	-67.96M	-82.9M	274.26M	187.28M	128M	243.58M	209M	-32.74M	-30.59M	29.78M
Debt / Equity	-	-	0.90x	0.65x	0.53x	1.00x	0.69x	0.23x	0.23x	0.29x
Debt / EBITDA	-	-	5.22x	3.96x	4.92x	-	2.24x	0.60x	3.38x	-
Net Debt / EBITDA	-1.77x	-0.83x	4.12x	2.84x	2.85x	-	1.38x	-0.13x	-0.66x	-
Interest Coverage	-23.33x	706.84x	-0.01x	-0.92x	-1.74x	-6.41x	5.19x	18.97x	-1.49x	-15.52x
Total Equity+	262.92M	352.42M	387.42M	399.94M	414.92M	391.12M	489.2M	676.38M	686.26M	516.28M
Equity Growth %	1.65%	0.34%	0.1%	0.03%	0.04%	-0.06%	0.25%	0.38%	0.01%	-0.25%
Book Value per Share	4.93	5.21	5.85	5.84	5.84	5.35	6.14	8.37	8.50	6.18
Total Shareholders' Equity	262.92M	352.42M	387.42M	399.94M	414.92M	391.12M	489.2M	676.38M	686.26M	516.28M
Common Stock	6K	7K	7K	7K	7K	7K	8K	8K	8K	8K
Retained Earnings	-121.22M	-59.93M	-69.12M	-93.63M	-113.8M	-212.39M	-170.42M	-45.38M	-118.53M	-363.73M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-822K	-1.56M	1.04M	272K	-887K	1.44M	2.13M	-1.02M	-3.79M	-6.82M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	55.04M	117.32M	75.06M	102.69M	78.35M	73.59M	168.23M	388.73M	25.05M	-45.3M
Operating CF Margin %	0.18%	0.3%	0.18%	0.27%	0.25%	0.15%	0.19%	0.35%	0.04%	-0.13%
Operating CF Growth %	3.5%	1.13%	-0.36%	0.37%	-0.24%	-0.06%	1.29%	1.31%	-0.94%	-2.81%
Net Income	-42.33M	61.29M	-9.19M	-26.2M	-19.9M	-98.59M	41.97M	125.04M	-73.15M	-245.2M
Depreciation & Amortization	40.64M	26.7M	66.74M	79.03M	64.31M	72.62M	84.41M	71.9M	62.63M	46.15M
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	-1.91M	101K	-31.77M	-12.14M	-15.69M	-18.49M	-3.23M	23.45M	-4.45M	826K
Other Non-Cash Items	64.37M	21.38M	54.86M	33.4M	32.71M	89.16M	69.37M	82.31M	55.33M	99.85M
Working Capital Changes	-5.73M	7.84M	-5.58M	28.61M	16.91M	28.89M	-24.28M	86.03M	-15.32M	53.08M
Change in Receivables	5.16M	-8.18M	-4.38M	6.59M	9.09M	-16.86M	-51.69M	-50.88M	1.41M	85.16M
Change in Inventory	-6.4M	9.85M	-1.79M	11.7M	10.2M	-31.84M	-33.69M	-28.84M	60.64M	9.56M
Change in Payables	-21.9M	3.25M	-1.92M	5.92M	1.26M	57.09M	12.77M	65.81M	-29.43M	-4.57M
Cash from Investing+	-11.06M	-101.31M	-432.15M	-7.83M	-6.97M	-175.29M	-91.76M	-91.76M	-15.94M	-23.45M
Capital Expenditures	-3.1M	-8.9M	-12.85M	-7.83M	-6.97M	-15.29M	-46.76M	-52.44M	-19.81M	-23.45M
CapEx % of Revenue	0.01%	0.02%	0.03%	0.02%	0.02%	0.03%	0.05%	0.05%	0.03%	0.07%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	0	0	0	0	-10M	0	0
Cash from Financing+	4M	-670K	347.02M	-93.78M	-53.38M	159.65M	-91.9M	-240.4M	-8.03M	1.29M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-5.14M	-7.32M	-11.54M	-7.62M	-11.99M	-3.54M	-13.15M	-28.9M	-12.59M	-2.81M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	52.05M	108.81M	67.6M	94.86M	71.46M	61.11M	129.06M	347.47M	11.59M	-62.98M
FCF Margin %	0.17%	0.28%	0.16%	0.25%	0.23%	0.13%	0.14%	0.31%	0.02%	-0.17%
FCF Growth %	14.16%	1.09%	-0.38%	0.4%	-0.25%	-0.14%	1.11%	1.69%	-0.97%	-6.43%
FCF per Share	0.98	1.61	1.02	1.39	1.01	0.84	1.62	4.30	0.14	-0.75
FCF Conversion (FCF/Net Income)	-1.30x	1.91x	-8.17x	-3.92x	-3.94x	-0.75x	4.01x	3.11x	-0.34x	0.18x
Interest Paid	0	0	8.84M	13.96M	11.26M	11.08M	11.03M	9.08M	9.48M	9.74M
Taxes Paid	41K	1.58M	9.44M	5.43M	4.42M	2.82M	3.84M	23.83M	28.64M	8.19M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-23.39%	19.92%	-2.48%	-6.65%	-4.88%	-24.46%	9.54%	21.46%	-10.74%	-40.78%
Return on Invested Capital (ROIC)	-1.28%	23.74%	-0.02%	-1.57%	-2.58%	-10.57%	7.59%	20.72%	-1.85%	-21.06%
Gross Margin	51.75%	59.3%	42.49%	45.88%	45.59%	39.55%	52.91%	56.93%	55.21%	53.37%
Net Margin	-14.09%	15.8%	-2.19%	-6.8%	-6.27%	-20.6%	4.7%	11.16%	-10.55%	-68.01%
Debt / Equity	-	-	0.90x	0.65x	0.53x	1.00x	0.69x	0.23x	0.23x	0.29x
Interest Coverage	-23.33x	706.84x	-0.01x	-0.92x	-1.74x	-6.41x	5.19x	18.97x	-1.49x	-15.52x
FCF Conversion	-1.30x	1.91x	-8.17x	-3.92x	-3.94x	-0.75x	4.01x	3.11x	-0.34x	0.18x
Revenue Growth	125.64%	29.12%	8.38%	-8.4%	-17.61%	50.89%	86.46%	25.53%	-38.12%	-48%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024
Broadband	-	-	-	-	244.42M	492.48M	493.23M	203.52M	116.82M
Broadband Growth	-	-	-	-	-	101.49%	0.15%	-58.74%	-42.60%
Infrastructure	-	-	82.39M	85.37M	76.17M	119.42M	136.27M	177.08M	113.91M
Infrastructure Growth	-	-	-	3.62%	-10.78%	56.79%	14.11%	29.95%	-35.68%
Industrial and multi-market	-	-	95.27M	79.14M	87.27M	131.21M	186.82M	174.43M	74.03M
Industrial and multi-market Growth	-	-	-	-16.94%	10.27%	50.35%	42.38%	-6.63%	-57.56%
Connectivity	-	-	-	-	70.74M	149.28M	303.93M	138.23M	55.77M
Connectivity Growth	-	-	-	-	-	111.04%	103.59%	-54.52%	-59.65%
Connected Home	-	-	207.34M	152.67M	-	-	-	-	-
Connected Home Growth	-	-	-	-26.36%	-	-	-	-	-

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024
Asia	360.32M	372.1M	312.88M	-	-	-	-	-	-
Asia Growth	-	3.27%	-15.92%	-	-	-	-	-	-
World	18.33M	37.39M	54.06M	-	-	-	-	-	-
World Growth	-	104.01%	44.60%	-	-	-	-	-	-
UNITED STATES	9.18M	10.83M	18.06M	-	-	-	-	-	-
UNITED STATES Growth	-	17.95%	66.77%	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

MaxLinear, Inc. (MXL) reported $423.4M in revenue for fiscal year 2024. This represents a 489% increase from $71.9M in 2011.

MaxLinear, Inc. (MXL) saw revenue decline by 48.0% over the past year.

MaxLinear, Inc. (MXL) reported a net loss of $179.6M for fiscal year 2024.

Dividend & Returns

MaxLinear, Inc. (MXL) has a return on equity (ROE) of -40.8%. Negative ROE indicates the company is unprofitable.

MaxLinear, Inc. (MXL) had negative free cash flow of $29.7M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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MaxLinear, Inc. (MXL) 10-Year Financial Performance & Capital Metrics

MXL • • Industrial / General

TechnologySemiconductorsConnectivity & Communication SemiconductorsNetworking & Interface

Revenue $361M -48.0%
EBITDA -$123M -362.8%
Net Income -$245M -235.2%
EPS (Diluted) -2.93 -222.0%
Gross Margin 53.37% -3.3%
EBITDA Margin -34% -605.4%
Operating Margin -46.8% -1928.3%
Net Margin -68.01% -544.6%
ROE -40.78% -279.8%
ROIC -21.06% -1040.4%
Debt/Equity 0.29 +25.9%
Interest Coverage -15.52 -938.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 82 (top 18%)

✗Weaknesses

✗Weak Piotroski F-Score: 1/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y10.48%

5Y2.6%

3Y-26.07%

TTM7.53%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM20.47%

EPS CAGR

10Y-

5Y-

3Y-

TTM23.16%

ROCE

10Y Avg1.19%

5Y Avg-1%

3Y Avg-0.59%

Latest-21.82%

Peer Comparison

Networking & Interface

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AVGOBroadcom Inc.	1.68T	354.61	288.30	43.98%	31.59%	25.84%	1.15%	1.00
MXLMaxLinear, Inc.	1.6B	18.34	-6.26	-48%	-42.43%	-38.65%		0.29
VLNValens Semiconductor Ltd.	239.54M	2.34	-6.88	-31.25%	-44.38%	-27.68%		0.05
MRVLMarvell Technology, Inc.	70.43B	83.05	-81.42	4.71%	31.75%	17.6%	1.97%	0.32
ALABAstera Labs, Inc. Common Stock	30.5B	180.56	-282.13	242.24%	27.5%	15.64%	0.34%	0.00

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	300.36M	387.83M	420.32M	385M	317.18M	478.6M	892.4M	1.12B	693.26M	360.53M
Revenue Growth %	1.26%	0.29%	0.08%	-0.08%	-0.18%	0.51%	0.86%	0.26%	-0.38%	-0.48%
Cost of Goods Sold+	144.94M	157.84M	241.73M	208.35M	172.58M	289.33M	420.19M	482.44M	310.48M	168.11M
COGS % of Revenue	0.48%	0.41%	0.58%	0.54%	0.54%	0.6%	0.47%	0.43%	0.45%	0.47%
Gross Profit+	155.42M	229.99M	178.59M	176.65M	144.6M	189.26M	472.2M	637.81M	382.78M	192.42M
Gross Margin %	0.52%	0.59%	0.42%	0.46%	0.46%	0.4%	0.53%	0.57%	0.55%	0.53%
Gross Profit Growth %	0.9%	0.48%	-0.22%	-0.01%	-0.18%	0.31%	1.49%	0.35%	-0.4%	-0.5%
Operating Expenses+	157.76M	156.48M	178.73M	189.71M	164.02M	272.24M	404.75M	452.49M	398.78M	361.15M
OpEx % of Revenue	0.53%	0.4%	0.43%	0.49%	0.52%	0.57%	0.45%	0.4%	0.58%	1%
Selling, General & Admin	72.35M	58.73M	67M	69.81M	65.73M	92.25M	126.32M	156.05M	129.28M	135.96M
SG&A % of Revenue	0.24%	0.15%	0.16%	0.18%	0.21%	0.19%	0.14%	0.14%	0.19%	0.38%
Research & Development	85.41M	97.75M	111.73M	119.9M	98.3M	179.99M	278.44M	296.44M	269.5M	225.19M
R&D % of Revenue	0.28%	0.25%	0.27%	0.31%	0.31%	0.38%	0.31%	0.26%	0.39%	0.62%
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	-2.33M	73.51M	-147K	-13.06M	-19.42M	-82.98M	67.45M	185.32M	-16M	-168.74M
Operating Margin %	-0.01%	0.19%	-0%	-0.03%	-0.06%	-0.17%	0.08%	0.17%	-0.02%	-0.47%
Operating Income Growth %	0.73%	32.51%	-1%	-87.85%	-0.49%	-3.27%	1.81%	1.75%	-1.09%	-9.55%
EBITDA+	38.31M	100.21M	66.59M	65.97M	44.89M	-10.36M	151.86M	257.22M	46.64M	-122.58M
EBITDA Margin %	0.13%	0.26%	0.16%	0.17%	0.14%	-0.02%	0.17%	0.23%	0.07%	-0.34%
EBITDA Growth %	12.1%	1.62%	-0.34%	-0.01%	-0.32%	-1.23%	15.66%	0.69%	-0.82%	-3.63%
D&A (Non-Cash Add-back)	40.64M	26.7M	66.74M	79.03M	64.31M	72.62M	84.41M	71.9M	62.63M	46.15M
EBIT	-42.81M	63.79M	-23.62M	-18.6M	-21.35M	-101.9M	60.87M	183.97M	-53.11M	-227.84M
Net Interest Income+	175K	468K	-10.1M	-14.18M	-10.36M	-12.54M	-12.92M	-9.52M	-4.65M	-4.49M
Interest Income	275K	572K	274K	78K	775K	409K	78K	245K	6.05M	6.39M
Interest Expense	100K	104K	10.38M	14.26M	11.13M	12.95M	13M	9.77M	10.7M	10.87M
Other Income/Expense	-40.57M	-9.82M	-33.85M	-19.79M	-13.06M	-31.88M	-19.58M	-11.12M	-47.81M	-69.98M
Pretax Income+	-42.91M	63.69M	-34M	-32.85M	-32.48M	-114.85M	47.87M	174.2M	-63.81M	-238.72M
Pretax Margin %	-0.14%	0.16%	-0.08%	-0.09%	-0.1%	-0.24%	0.05%	0.16%	-0.09%	-0.66%
Income Tax+	-575K	2.4M	-24.81M	-6.65M	-12.59M	-16.26M	5.9M	49.16M	9.34M	6.48M
Effective Tax Rate %	0.99%	0.96%	0.27%	0.8%	0.61%	0.86%	0.88%	0.72%	1.15%	1.03%
Net Income+	-42.33M	61.29M	-9.19M	-26.2M	-19.9M	-98.59M	41.97M	125.04M	-73.15M	-245.2M
Net Margin %	-0.14%	0.16%	-0.02%	-0.07%	-0.06%	-0.21%	0.05%	0.11%	-0.11%	-0.68%
Net Income Growth %	-5.01%	2.45%	-1.15%	-1.85%	0.24%	-3.95%	1.43%	1.98%	-1.58%	-2.35%
Net Income (Continuing)	-42.33M	61.29M	-9.19M	-26.2M	-19.9M	-98.59M	41.97M	125.04M	-73.15M	-245.2M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.79	0.91	-0.14	-0.38	-0.28	-1.35	0.53	1.55	-0.91	-2.93
EPS Growth %	-3.16%	2.15%	-1.15%	-1.71%	0.26%	-3.82%	1.39%	1.92%	-1.59%	-2.22%
EPS (Basic)	-0.79	0.96	-0.14	-0.38	-0.28	-1.35	0.55	1.60	-0.91	-2.93
Diluted Shares Outstanding	53.38M	67.65M	66.25M	68.49M	71M	73.13M	79.68M	80.85M	80.72M	83.6M
Basic Shares Outstanding	53.38M	63.78M	66.25M	68.49M	71M	73.13M	76.04M	78.04M	80.72M	83.6M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	190M	214.04M	201.3M	180.61M	181.77M	361.72M	404.1M	563.12M	488.02M	323.44M
Cash & Short-Term Investments	111.26M	130.81M	73.35M	73.79M	93.06M	149.02M	130.68M	206.86M	188.34M	119.58M
Cash Only	67.96M	82.9M	73.35M	73.79M	93.06M	149.02M	130.68M	188.34M	188.34M	119.58M
Short-Term Investments	43.3M	47.92M	0	0	0	0	0	18.53M	0	0
Accounts Receivable	42.4M	50.49M	66.1M	59.49M	50.41M	67.44M	119.72M	170.97M	170.62M	85.46M
Days Sales Outstanding	51.52	47.51	57.4	56.4	58.01	51.43	48.97	55.71	89.83	86.52
Inventory	32.44M	26.58M	53.43M	41.74M	31.51M	97.84M	131.7M	160.54M	99.91M	90.34M
Days Inventory Outstanding	81.7	61.47	80.68	73.12	66.64	123.43	114.4	121.46	117.45	196.15
Other Current Assets	3.9M	6.16M	8.42M	10.36M	6.79M	47.42M	9.81M	24.75M	29.16M	28.06M
Total Non-Current Assets+	144.5M	208.61M	661.75M	580.44M	539.38M	670.91M	648.36M	623.03M	596.04M	543.44M
Property, Plant & Equipment	21.86M	20.55M	22.66M	18.4M	27.59M	61.36M	88.19M	107.53M	97.69M	77.48M
Fixed Asset Turnover	13.74x	18.87x	18.55x	20.92x	11.50x	7.80x	10.12x	10.42x	7.10x	4.65x
Goodwill	49.78M	76.02M	237.99M	238.33M	238.33M	302.83M	306.67M	306.74M	318.59M	318.59M
Intangible Assets	51.35M	104.26M	315.05M	244.9M	187.97M	207.27M	152.54M	109.32M	73.63M	55.01M
Long-Term Investments	19.24M	5.99M	1.06M	404K	60K	1.02M	6.06M	11.82M	11.82M	25K
Other Non-Current Assets	2.27M	1.79M	6.92M	4.66M	2.79M	2.19M	3.65M	15M	21.01M	21.43M
Total Assets+	334.5M	422.65M	863.06M	765.82M	721.15M	1.03B	1.05B	1.19B	1.08B	866.88M
Asset Turnover	0.90x	0.92x	0.49x	0.50x	0.44x	0.46x	0.85x	0.94x	0.64x	0.42x
Asset Growth %	1.46%	0.26%	1.04%	-0.11%	-0.06%	0.43%	0.02%	0.13%	-0.09%	-0.2%
Total Current Liabilities+	55.83M	54.54M	76.39M	70.57M	66.56M	233.66M	207.4M	341.09M	222.13M	182.28M
Accounts Payable	6.39M	6.76M	16.94M	15.59M	13.44M	32.75M	52.98M	68.58M	21.55M	31.38M
Days Payables Outstanding	16.09	15.63	25.58	27.31	28.43	41.32	46.02	51.88	25.34	68.13
Short-Term Debt	0	0	0	1.21M	4.81M	8.14M	8.89M	10.49M	9.13M	9.41M
Deferred Revenue (Current)	1000K	1000K	1000K	0	0	0	1000K	1000K	1000K	114K
Other Current Liabilities	35.39M	31.53M	41.88M	42.74M	38.85M	144.27M	80.74M	192.97M	158.9M	120.54M
Current Ratio	3.40x	3.92x	2.64x	2.56x	2.73x	1.55x	1.95x	1.65x	2.20x	1.77x
Quick Ratio	2.82x	3.44x	1.94x	1.97x	2.26x	1.13x	1.31x	1.18x	1.75x	1.28x
Cash Conversion Cycle	117.14	93.36	112.5	102.21	96.22	133.54	117.35	125.29	181.95	214.55
Total Non-Current Liabilities+	15.75M	15.68M	399.25M	290.55M	239.66M	407.85M	355.87M	168.69M	175.67M	168.32M
Long-Term Debt	0	0	347.61M	255.76M	206.91M	363.59M	306.15M	121.76M	122.38M	123M
Capital Lease Obligations	0	0	0	4.1M	9.34M	20.86M	24.64M	23.35M	26.24M	16.95M
Deferred Tax Liabilities	0	0	38.19M	22.22M	15.36M	10.19M	2.08M	6.13M	3.81M	2.25M
Other Non-Current Liabilities	4.32M	6.03M	8.56M	8.47M	8.06M	13.21M	23M	17.44M	23.25M	26.12M
Total Liabilities	71.58M	70.23M	475.63M	365.88M	306.23M	641.51M	563.26M	509.77M	397.8M	350.6M
Total Debt+	0	0	347.61M	261.07M	221.05M	392.6M	339.68M	155.6M	157.75M	149.36M
Net Debt	-67.96M	-82.9M	274.26M	187.28M	128M	243.58M	209M	-32.74M	-30.59M	29.78M
Debt / Equity	-	-	0.90x	0.65x	0.53x	1.00x	0.69x	0.23x	0.23x	0.29x
Debt / EBITDA	-	-	5.22x	3.96x	4.92x	-	2.24x	0.60x	3.38x	-
Net Debt / EBITDA	-1.77x	-0.83x	4.12x	2.84x	2.85x	-	1.38x	-0.13x	-0.66x	-
Interest Coverage	-23.33x	706.84x	-0.01x	-0.92x	-1.74x	-6.41x	5.19x	18.97x	-1.49x	-15.52x
Total Equity+	262.92M	352.42M	387.42M	399.94M	414.92M	391.12M	489.2M	676.38M	686.26M	516.28M
Equity Growth %	1.65%	0.34%	0.1%	0.03%	0.04%	-0.06%	0.25%	0.38%	0.01%	-0.25%
Book Value per Share	4.93	5.21	5.85	5.84	5.84	5.35	6.14	8.37	8.50	6.18
Total Shareholders' Equity	262.92M	352.42M	387.42M	399.94M	414.92M	391.12M	489.2M	676.38M	686.26M	516.28M
Common Stock	6K	7K	7K	7K	7K	7K	8K	8K	8K	8K
Retained Earnings	-121.22M	-59.93M	-69.12M	-93.63M	-113.8M	-212.39M	-170.42M	-45.38M	-118.53M	-363.73M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-822K	-1.56M	1.04M	272K	-887K	1.44M	2.13M	-1.02M	-3.79M	-6.82M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	55.04M	117.32M	75.06M	102.69M	78.35M	73.59M	168.23M	388.73M	25.05M	-45.3M
Operating CF Margin %	0.18%	0.3%	0.18%	0.27%	0.25%	0.15%	0.19%	0.35%	0.04%	-0.13%
Operating CF Growth %	3.5%	1.13%	-0.36%	0.37%	-0.24%	-0.06%	1.29%	1.31%	-0.94%	-2.81%
Net Income	-42.33M	61.29M	-9.19M	-26.2M	-19.9M	-98.59M	41.97M	125.04M	-73.15M	-245.2M
Depreciation & Amortization	40.64M	26.7M	66.74M	79.03M	64.31M	72.62M	84.41M	71.9M	62.63M	46.15M
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	-1.91M	101K	-31.77M	-12.14M	-15.69M	-18.49M	-3.23M	23.45M	-4.45M	826K
Other Non-Cash Items	64.37M	21.38M	54.86M	33.4M	32.71M	89.16M	69.37M	82.31M	55.33M	99.85M
Working Capital Changes	-5.73M	7.84M	-5.58M	28.61M	16.91M	28.89M	-24.28M	86.03M	-15.32M	53.08M
Change in Receivables	5.16M	-8.18M	-4.38M	6.59M	9.09M	-16.86M	-51.69M	-50.88M	1.41M	85.16M
Change in Inventory	-6.4M	9.85M	-1.79M	11.7M	10.2M	-31.84M	-33.69M	-28.84M	60.64M	9.56M
Change in Payables	-21.9M	3.25M	-1.92M	5.92M	1.26M	57.09M	12.77M	65.81M	-29.43M	-4.57M
Cash from Investing+	-11.06M	-101.31M	-432.15M	-7.83M	-6.97M	-175.29M	-91.76M	-91.76M	-15.94M	-23.45M
Capital Expenditures	-3.1M	-8.9M	-12.85M	-7.83M	-6.97M	-15.29M	-46.76M	-52.44M	-19.81M	-23.45M
CapEx % of Revenue	0.01%	0.02%	0.03%	0.02%	0.02%	0.03%	0.05%	0.05%	0.03%	0.07%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	0	0	0	0	-10M	0	0
Cash from Financing+	4M	-670K	347.02M	-93.78M	-53.38M	159.65M	-91.9M	-240.4M	-8.03M	1.29M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-5.14M	-7.32M	-11.54M	-7.62M	-11.99M	-3.54M	-13.15M	-28.9M	-12.59M	-2.81M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	52.05M	108.81M	67.6M	94.86M	71.46M	61.11M	129.06M	347.47M	11.59M	-62.98M
FCF Margin %	0.17%	0.28%	0.16%	0.25%	0.23%	0.13%	0.14%	0.31%	0.02%	-0.17%
FCF Growth %	14.16%	1.09%	-0.38%	0.4%	-0.25%	-0.14%	1.11%	1.69%	-0.97%	-6.43%
FCF per Share	0.98	1.61	1.02	1.39	1.01	0.84	1.62	4.30	0.14	-0.75
FCF Conversion (FCF/Net Income)	-1.30x	1.91x	-8.17x	-3.92x	-3.94x	-0.75x	4.01x	3.11x	-0.34x	0.18x
Interest Paid	0	0	8.84M	13.96M	11.26M	11.08M	11.03M	9.08M	9.48M	9.74M
Taxes Paid	41K	1.58M	9.44M	5.43M	4.42M	2.82M	3.84M	23.83M	28.64M	8.19M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-23.39%	19.92%	-2.48%	-6.65%	-4.88%	-24.46%	9.54%	21.46%	-10.74%	-40.78%
Return on Invested Capital (ROIC)	-1.28%	23.74%	-0.02%	-1.57%	-2.58%	-10.57%	7.59%	20.72%	-1.85%	-21.06%
Gross Margin	51.75%	59.3%	42.49%	45.88%	45.59%	39.55%	52.91%	56.93%	55.21%	53.37%
Net Margin	-14.09%	15.8%	-2.19%	-6.8%	-6.27%	-20.6%	4.7%	11.16%	-10.55%	-68.01%
Debt / Equity	-	-	0.90x	0.65x	0.53x	1.00x	0.69x	0.23x	0.23x	0.29x
Interest Coverage	-23.33x	706.84x	-0.01x	-0.92x	-1.74x	-6.41x	5.19x	18.97x	-1.49x	-15.52x
FCF Conversion	-1.30x	1.91x	-8.17x	-3.92x	-3.94x	-0.75x	4.01x	3.11x	-0.34x	0.18x
Revenue Growth	125.64%	29.12%	8.38%	-8.4%	-17.61%	50.89%	86.46%	25.53%	-38.12%	-48%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024
Broadband	-	-	-	-	244.42M	492.48M	493.23M	203.52M	116.82M
Broadband Growth	-	-	-	-	-	101.49%	0.15%	-58.74%	-42.60%
Infrastructure	-	-	82.39M	85.37M	76.17M	119.42M	136.27M	177.08M	113.91M
Infrastructure Growth	-	-	-	3.62%	-10.78%	56.79%	14.11%	29.95%	-35.68%
Industrial and multi-market	-	-	95.27M	79.14M	87.27M	131.21M	186.82M	174.43M	74.03M
Industrial and multi-market Growth	-	-	-	-16.94%	10.27%	50.35%	42.38%	-6.63%	-57.56%
Connectivity	-	-	-	-	70.74M	149.28M	303.93M	138.23M	55.77M
Connectivity Growth	-	-	-	-	-	111.04%	103.59%	-54.52%	-59.65%
Connected Home	-	-	207.34M	152.67M	-	-	-	-	-
Connected Home Growth	-	-	-	-26.36%	-	-	-	-	-

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024
Asia	360.32M	372.1M	312.88M	-	-	-	-	-	-
Asia Growth	-	3.27%	-15.92%	-	-	-	-	-	-
World	18.33M	37.39M	54.06M	-	-	-	-	-	-
World Growth	-	104.01%	44.60%	-	-	-	-	-	-
UNITED STATES	9.18M	10.83M	18.06M	-	-	-	-	-	-
UNITED STATES Growth	-	17.95%	66.77%	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

MaxLinear, Inc. (MXL) reported $423.4M in revenue for fiscal year 2024. This represents a 489% increase from $71.9M in 2011.

MaxLinear, Inc. (MXL) saw revenue decline by 48.0% over the past year.

MaxLinear, Inc. (MXL) reported a net loss of $179.6M for fiscal year 2024.

Dividend & Returns

MaxLinear, Inc. (MXL) has a return on equity (ROE) of -40.8%. Negative ROE indicates the company is unprofitable.

MaxLinear, Inc. (MXL) had negative free cash flow of $29.7M in fiscal year 2024, likely due to heavy capital investments.