MACOM Technology Solutions Holdings, Inc

Semiconductors & Related Devices

MTSIMixed6 of 10 basics passed

$331.06

+2.75%

Market cap $25.3B

$331.06

+2.75%

Market cap $25.3B

MACOM Technology Solutions Holdings Inc is a provider of analog, digital, and mixed-signal semiconductor solutions to original equipment manufacturers and distributors. These solutions are found in systems for industrial, medical, scientific, and test and measurement markets.

It is a $25.3B technology company. Revenue grew 28.4% over the last year, it keeps 21¢ of every dollar of sales as profit, and it holds more cash than debt. It trades at 104.6× earnings — around the middle of its own history.

Website: macom.com
Location: Lowell, MA
Employees: 2 000
Sector: Technology

Share price · 3 years

$82.71 → $331.06+300.3%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $1.16B
Profit: keeps 21¢ of every $1 sold; $241M
Free cash flow: cash left after running the business; $204M
Net cash: more cash than debt; $446M
P/E: years of profit in the price; 104.6
EPS: earnings per share, TTM; $3.26
Shares: up 39% since 2016 — dilution; 74.0M
Volatility: beta vs the market — under 1 swings less; 1.82

Revenue, last 10 years

52-week range

Low $122.18$331.06High $409.68

Today's price is 73% of the way from the year's low to its high.

P/E vs its history5y

104.6×median 105.8×

Higher than 49% of past days — around the middle of its own history.

Valuation vs own history

P/E

104.6×

50%

P/S

21.7×

EV/EBITDA

116.8×

21%

P/B

16.4×

FCF yield

0.8%

Share of the last ~5 years that was pricier than today (unusually expensive vs its own history). Based on the daily valuation record.

Insider activity · 90 days

-$2.67Mnet selling

Purchases$0

Sales$2.67M

Insiders trading, last 14d0 buy · 1 sell

Standing in Technology

Size$25.3Btop 53%
Revenue growth+13%top 44%
Net margin21%top 31%
Return on equity17%top 48%
P/E104.6×top 87%

Ranked against 220 Technology companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Strong health; Valuation, Growth and Moat lag behind.

Valuation17

P/E vs own history49th pct · 12/25
FCF yield0.8% · 5/25
P/S21.7x · 0/25
EV/EBITDA111.7x · 0/25

Growth45

Revenue CAGR12.4% · 20/25
Net income CAGRn/a · 0/25
EPS CAGR ~5Yn/a · 0/25
Fwd implied growth208.0% · 25/25

Profitability65

ROIC-6.2% · 0/25
ROE17.1% · 20/25
Net margin20.7% · 25/25
Operating margin18.1% · 20/25

Health75

Altman Zn/a · 0/25
Current ratio2.34 · 25/25
Interest coverage33.0x · 25/25
Net cash / debtNet cash · 25/25

Quality68

Piotroski F5/9 · 15/25
Beneish M-2.78 · 25/25
FCF conversion85% · 22/25
Margin stabilityσ 22.6% · 6/25

Moat38

ROIC >12% years0/10 yrs · 0/25
Median gross margin52.9% · 20/25
FCF-positive years8/10 yrs · 18/25
Worst-year net marginworst -76.8% · 0/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

FY2023Financial
Became debt-free
cash now exceeds total debt
2023Acquisition
It was announced MACOM had entered into a definitive agreement to acquire the RF business of Wolfspeed
FY2022Financial
Best year on record
$440M net income
FY2020Financial
Positive free cash flow every year since
6-year streak
2017Acquisition
MACOM acquired Applied Micro Circuits Corporation
FY2016Financial
First recorded profitable year
$1.43M net income
2015Acquisition
MACOM acquired Aeroflex's diode business, Aeroflex Metelics from Cobham for $38 million in cash
2014Acquisition
The company's acquisition of BinOptics in 2014 allows it to use self-aligning etched facet technology to ensure an…
2011Acquisition
MACOM acquired Optomai Inc., a semiconductor company that developed integrated circuits and modules for…
2010Acquisition
MACOM acquired Mimix Broadband, a fabless supplier of GaAs semiconductors
Mar 30, 2009Acquisition
The company acquired all of the outstanding stock of M/A-COM Technology Solutions Inc., the…
2003Acquisition
XMA Corporation, located in Manchester, New Hampshire, purchased from MACOM the Omni Spectra line of…
2001Acquisition
Tyco acquired Com-Net Ericsson and placed the company under the administration of MACOM
1999Acquisition
AMP itself was acquired by Tyco Electronics

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$48 981 today — price return only

$967.3M revenue in FY2025

Revenue up 28.4% year over year

Positive free cash flow 6 years in a row

2 000 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

High gross margin (56.5%)
Strongly profitable — 20.7% net margin
Revenue growing 28.4% year over year
Strong cash conversion — FCF is 17.5% of revenue
Net cash position after subtracting debt from cash

Watch-outs

Loss-making in 5 of the recent years

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

6 of 10 checks passed

Revenue growing — the company sells more than a year ago+28.4% YoY
Profitable — makes more than it spends$241M TTM
Profit growing — earnings are higher than last year-170.5% YoY
Generates cash — cash left after running and investing$204M TTM
Debt under control — could handle its obligationsmore cash than debt
Established company — not a micro-cap — lower blow-up risk$25.3B market cap
Not printing shares — share count not ballooning — you keep your slice+11.1% shares over ~5y
Proven track record — years of profitability behind it5/10 profitable years
Financially stable — balance sheet not near distresshealth score 50/100
Pays a dividend — returns cash to shareholdersno data
Valuation not extreme — price not wildly above earningsP/E 104.6

Peer comparisonMACOM Technology Solutions Holdings, Inc vs 6 largest technology peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
MTSI this company	$25.3B	104.6	+28.4%	20.7%	Mixed
NVDA Nvidia Corp	$5.5T	28.6	+83.4%	63.7%	Mixed
AAPL Apple Inc.	$4.9T	38.1	+14.2%	27.6%	Strong
GOOGL Alphabet Inc.	$4.3T	17.6	+20.1%	54.8%	Mixed
MSFT Microsoft Corp	$4.0T	29.7	+17.8%	40.3%	Strong
SPCX Space Exploration Technologies Corp.	$2.1T	—	+33.2%	-34.0%	Strained
META Meta Platforms, Inc.	$1.8T	26.9	+27.7%	29.8%	Mixed

Head-to-head: MTSI vs NVDA · MTSI vs AAPL · MTSI vs GOOGL

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 5Buy 14Hold 5

Appendix · Financial records

The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $1.16B · net income $241M (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

How FY2025 revenue flows to profit

RevenueNet income

Revenue (TTM)

$1.16B

YoY 28.4%

Net income (TTM)

$241M

Margin 20.7%

Gross margin

56.5%

Operating margin

18.1%

P/E ratio

104.6

Income statement — full detail

Figures in USD billions · EPS in USD

	2020	2021	2022	2023	2024	2025
Revenue	0.5	0.6	0.7	0.6	0.7	1.0
Gross profit	0.3	0.3	0.4	0.4	0.4	0.5
Operating income (EBIT)	0.0	0.1	0.1	0.1	0.1	0.1
Net income	-0.0	0.0	0.4	0.1	0.1	-0.1
EPS (diluted)	-0.69	0.54	6.29	1.28	1.04	-0.73

Cash flowFree cash flow $204M · operating cash flow $271M (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

$204M

Margin 17.5%

Operating cash flow (TTM)

$271M

FCF margin

17.5%

Cash flow statement — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Operating cash flow	0.2	0.1	0.2	0.2	0.2	0.2
Capital expenditure	-0.0	-0.0	-0.0	-0.0	-0.0	-0.0
Free cash flow	0.2	0.1	0.2	0.1	0.1	0.2
FCF margin	29.0%	21.5%	22.3%	21.9%	19.2%	19.9%

Balance sheetAssets $2.10B · net cash $446M (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $2.10B of assets is financed

37%

63%

Liabilities $776M — borrowed moneyEquity $1.33B — owners' stake

Cash vs debt

Total debt $340M − cash $786M = net cash $446M

Cash on hand covers all debt.

Debt repayment

Not needed

Cash already covers all debt

Interest coverage

33.0x

EBIT ÷ interest expense

ROE

17.1%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Cash & equivalents	0.3	0.3	0.6	0.5	0.6	0.8
Total assets	1.1	1.1	1.6	1.6	1.8	2.1
Total liabilities	0.8	0.7	0.7	0.6	0.6	0.8
Total debt	0.7	0.5	0.6	0.4	0.4	0.3
Equity	0.3	0.5	0.8	0.9	1.1	1.3
Net debt	0.3	0.1	0.0	-0.1	-0.1	-0.4

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of MTSI on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $331.06 · market cap $25.3B.