MACOM Technology Solutions Holdings MTSI · USD
Information Technology · US listing · 🇺🇸 United States
230.00
+9.02%
Close of 9 Nov 2026, in USD
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At a glance
Figures in USD, from our data supplier.
Revenue
$967.3m
FY2016FY2025
Net income
−$54.2m
FY2016FY2025
Free cash flow
$153.2m
FY2016FY2025
Shareholders' equity
$1.33bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $967.3m | $729.6m | $648.4m | $675.2m | $606.9m | $530.0m | $499.7m | $570.4m | $698.8m | $544.3m |
| Gross profit | $531.4m | $371.4m | $362.1m | $380.6m | $310.9m | $237.3m | $175.8m | $197.6m | $326.9m | $261.5m |
| Research and development | $244.5m | $177.4m | $148.5m | $148.2m | $138.8m | $141.3m | $163.5m | $177.7m | $148.0m | $107.7m |
| Operating income | $129.7m | $83.9m | $116.5m | $137.0m | $81.0m | $4.5m | −$95.8m | −$90.0m | −$20.6m | $37.4m |
| Net income | −$54.2m | $76.9m | $91.6m | $440.0m | $38.0m | −$46.1m | −$383.8m | −$140.0m | −$169.5m | $1.4m |
| Diluted earnings per share | -0.71 | 1.06 | 1.27 | 6.16 | 0.53 | -0.68 | -5.79 | -2.14 | -2.60 | 0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $2.10bn | $1.76bn | $1.55bn | $1.57bn | $1.13bn | $1.15bn | $1.10bn | $1.48bn | $1.64bn | $1.19bn |
| Cash and short-term investments | $786.0m | $581.9m | $514.5m | $586.5m | $344.9m | $333.2m | $176.7m | $192.9m | $214.2m | $356.8m |
| Total liabilities | $776.3m | $629.3m | $605.6m | $729.1m | $662.4m | $846.3m | $791.7m | $813.8m | $859.7m | $725.8m |
| Debt | $507.5m | $456.7m | $455.6m | $603.5m | $500.5m | $697.0m | $692.7m | $694.7m | $686.4m | $583.5m |
| Shareholders' equity | $1.33bn | $1.13bn | $947.6m | $842.7m | $471.7m | $300.1m | $311.5m | $668.7m | $777.4m | $462.8m |
| Shares outstanding | 77m | 73m | 72m | 71m | 71m | 68m | 66m | 65m | 65m | 54m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $235.4m | $162.6m | $166.9m | $177.0m | $148.4m | $171.4m | $20.7m | $36.3m | $61.0m | $79.2m |
| Capital spending | −$82.2m | −$22.4m | −$24.7m | −$26.5m | −$18.0m | −$17.6m | −$38.0m | −$53.0m | −$32.8m | −$32.1m |
| Free cash flow | $153.2m | $140.2m | $142.2m | $150.5m | $130.5m | $153.8m | −$17.3m | −$16.8m | $28.2m | $47.1m |
| Dividends paid | — | — | −$5.6m | −$8.1m | −$1.0m | −$4.6m | −$7.2m | — | −$360.2m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $342.2m | $289.0m | $271.6m | $261.2m | $252.1m | $235.9m | $218.1m | $200.7m |
| Gross profit | $199.6m | $164.4m | $151.8m | $142.6m | $135.4m | $126.1m | $111.8m | $109.8m |
| Operating income | $77.1m | $50.8m | $43.3m | $39.6m | $37.7m | $34.9m | $24.7m | $27.5m |
| Net income | $100.7m | $46.3m | $48.8m | $45.1m | $36.5m | $31.7m | −$167.5m | $29.4m |
| Diluted earnings per share | 1.28 | 0.59 | 0.64 | 0.59 | 0.48 | 0.41 | -2.30 | 0.39 |
| Cash from operations | $5.0m | $78.0m | $42.0m | $69.0m | $60.0m | $38.0m | $66.0m | $62.0m |
| Capital spending | −$16.0m | −$13.0m | −$17.0m | −$31.0m | −$37.0m | −$8.0m | −$5.0m | −$5.0m |
| Free cash flow | −$11.0m | $65.0m | $25.0m | $38.0m | $23.0m | $30.0m | $61.0m | $57.0m |
| Total assets | $2.15bn | $2.01bn | $2.11bn | $2.10bn | $2.00bn | $1.92bn | $1.84bn | $1.76bn |
| Cash and short-term investments | $663.0m | $664.9m | $768.5m | $786.0m | $735.2m | $681.5m | $656.5m | $581.9m |
| Debt | $353.9m | $347.2m | $507.7m | $507.5m | $568.0m | $539.5m | $539.3m | $488.4m |
| Shareholders' equity | $1.54bn | $1.42bn | $1.35bn | $1.33bn | $1.26bn | $1.20bn | $1.15bn | $1.13bn |
Financial ratios
Data as of 28 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 54.9% | 50.9% | 55.8% | 56.4% | 51.2% | 44.8% |
| Operating margin | 13.4% | 11.5% | 18.0% | 20.3% | 13.3% | 0.9% |
| Net margin | -5.6% | 10.5% | 14.1% | 65.2% | 6.3% | -8.7% |
| Return on equity | -4.1% | 6.8% | 9.7% | 52.2% | 8.0% | -15.4% |
| Return on assets | -2.6% | 4.4% | 5.9% | 28.0% | 3.3% | -4.0% |
| Free cash flow yield | 1.5% | 0.9% | 0.9% | 1.0% | 0.8% | 1.0% |
| Revenue growth | 32.6% | 12.5% | -4.0% | 11.2% | 14.5% | 6.1% |
| Earnings growth | -170.5% | -16.1% | -79.2% | 1058.6% | -182.4% | -88.0% |
| Current ratio | 3.71x | 8.35x | 9.11x | 8.36x | 5.61x | 5.07x |
| Debt to equity | 0.38x | 0.41x | 0.48x | 0.68x | 1.06x | 2.23x |
| Equity ratio | 63.1% | 64.2% | 61.0% | 53.6% | 41.6% | 26.2% |
| Interest coverage | 23.50x | 16.33x | 9.41x | 16.02x | 3.67x | 0.17x |
| R&D as a share of sales | 25.3% | 24.3% | 22.9% | 22.0% | 22.9% | 26.7% |
| Buybacks as a share of market value | -5.4% | -0.7% | -1.3% | -0.2% | -5.1% | -2.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 12.7% | 12.8% | 8.7% |
| Operating income | -1.8% | 95.6% | 18.7% |
| Net income | — | 3.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 53.2% | 54.5% | 52.8% | 48.7% |
| Operating margin | 12.6% | 15.5% | 13.3% | 5.9% |
| Net margin | 1.3% | 18.3% | 13.1% | -1.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -242.4 | 123.0 | 73.4 | 10.2 | 146.9 | -80.9 | -4.6 | -6.8 | -7.9 | — |
| Price to sales | 13.6 | 13.0 | 10.4 | 6.7 | 9.2 | 7.0 | 3.5 | 1.7 | 1.9 | 2.9 |
Market value over time
31 Oct 2016 to 25 Sept 2026, in USD
$2.03bn$22.39bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 29% | 41% | 48% | -13% | 41% | 94% | 84% | -31% | -32% | 25% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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