MTSINasdaqSemiconductors & Related DevicesFiscal year ends October 3
MACOM Technology Solutions Holdings, Inc.
Financials through Q3 FY2026, quarter ended Jul 3, 2026Last filing: 10-Q on Aug 6, 2026
$265.79+3.55 (+1.35%)
Close on Oct 19, 2026
- Market cap
- $20.84B
- P/E (TTM)
- 84.9
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
54.7%+3.7 pts over 5 years
Operating margin
13.4%+12.8 pts over 5 years
Net margin
-5.6%+3.1 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +32.6% | +12.7% | +12.8% | +8.7% | |
| Gross profit | +34.3% | +9.2% | +14.4% | +10.0% | |
| Operating income | +76.0% | -0.8% | +107.3% | +29.1% | |
| Free cash flow | +37.5% | +8.6% | +4.6% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 0.3% | -15.0% | -4.4% | |
| Return on assets | 0.1% | -4.1% | -2.8% | |
| Current ratio | 6.65 | 5.07 | 3.71 | |
| Debt to equity | 1.25 | 2.20 | 0.38 | |
| Net debt to EBITDA | 2.95× | 6.44× | 2.01× | |
| Interest coverage | 0.7× | 0.1× | 23.5× | |
| Inventory turnover | 2.7× | 2.6× | 2.0× | |
| Capex to revenue | 5.8% | 3.3% | 4.4% | |
| Diluted shares | 53M | 67M | 74M |
Where the cash went
Fiscal 2021 to 2025, five years combined
MACOM Technology Solutions generated $890.32M from operations and spent $283.57M on capital expenditure, dividends and share buybacks. 47% of that went back into the business.
Generated
$890.32M
Used
$283.57M
Capital expenditure$134.16M47%Dividends$00%Share buybacks$149.41M53%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-5.6%
×Asset turnover0.50×
×Equity multiplier1.57×
=Return on equity, FY2025-4.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -5.6% | 0.50× | 1.57× | -4.4% |
| FY2024 | 10.5% | 0.44× | 1.60× | 7.4% |
| FY2023 | 14.1% | 0.41× | 1.75× | 10.2% |
| FY2022 | 65.2% | 0.50× | 2.06× | 66.9% |
| FY2021 | 6.3% | 0.53× | 2.95× | 9.8% |
| FY2020 | -8.7% | 0.47× | 3.67× | -15.0% |
| FY2019 | -76.8% | 0.39× | 2.63× | -78.1% |
| FY2018 | -24.5% | 0.37× | 2.16× | -19.4% |
| FY2017 | -24.3% | 0.49× | 2.28× | -27.3% |
| FY2016 | 0.3% | 0.53× | 2.31× | 0.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$54.21M
- Cash generatingOperating cash flow above zero$235.37M
- Return on assets improvedROA up on the prior year4.9% → -3.1%
- Earnings backed by cashOperating cash flow above net income$235.37M vs -$54.21M
- Less leverageLong-term debt to assets fell25.5% → 16.1%
- Better liquidityCurrent ratio rose8.35 → 3.71
- No dilutionShare count did not rise74M → 74M
- Gross margin improvedGross margin up on the prior year53.97% → 54.69%
- More efficientAsset turnover rose0.47 → 0.55