MACOM Technology Solutions Holdings, Inc. (MTSI) Key Metrics
MTSI valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $20.03B
- Enterprise value
- $20.78B
- P/E (TTM)
- 83.5 10-yr median 85.1
- Forward P/E
- 32.3
- PEG ratio
- 2.05
- Price / sales
- 17.2 10-yr median 4.9
- Price / book
- 13.7 10-yr median 5.5
- EV / EBITDA
- 58.2 10-yr median 36.9
- Dividend yield
- —
- Beta
- 1.76
MTSI key metrics, FY2016–FY2025
Fiscal year ended September 30, 2025 · U.S. dollarsMTSI valuation Price multiples at each fiscal year-end price.
MTSI returns How much profit the business earns on the capital it uses.
MTSI per-share figures Results divided by the shares outstanding at year-end.
MTSI financial health Debt, liquidity and how easily interest is covered.
MTSI efficiency & capital use Working capital cycle and where the cash goes.
MTSI valuation history
MTSI returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
MTSI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
MTSI cash returned to shareholders
MTSI price vs earnings per share
MTSI key metrics
FY2016–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $9.21B | $8.19B | $5.83B | $3.69B | $4.57B | $2.27B | $1.41B | $1.35B | $2.71B | $2.26B |
| Enterprise value | $8.96B | $8.09B | $5.81B | $3.70B | $4.76B | $2.63B | $1.93B | $1.85B | $3.18B | $2.49B |
| P/E ratio | — | 106.5 | 63.7 | 8.4 | 120.4 | — | — | — | — | — |
| Price / sales | 9.5 | 11.2 | 9.0 | 5.5 | 7.5 | 4.3 | 2.8 | 2.4 | 3.9 | 4.2 |
| Price / book | 6.9 | 7.3 | 6.2 | 4.4 | 9.7 | 7.5 | 4.5 | 2.0 | 3.5 | 4.9 |
| Price / free cash flow | 60.1 | 58.4 | 41.0 | 24.5 | 35.0 | 14.7 | — | — | 95.9 | 47.9 |
| Price / operating cash flow | 39.1 | 50.3 | 34.9 | 20.8 | 30.8 | 13.2 | 68.2 | 37.1 | 44.4 | 28.5 |
| EV / sales | 9.3 | 11.1 | 9.0 | 5.5 | 7.8 | 5.0 | 3.9 | 3.2 | 4.6 | 4.6 |
| EV / EBITDA | 225.3 | 49.4 | 32.3 | 12.1 | 35.6 | 40.7 | — | — | — | 36.9 |
| EV / free cash flow | 58.5 | 57.7 | 40.8 | 24.6 | 36.5 | 17.1 | — | — | 112.6 | 52.8 |
| Earnings yield | −0.6% | 0.9% | 1.6% | 11.9% | 0.8% | −2.0% | −27.2% | −10.4% | −6.3% | 0.1% |
| Free cash flow yield | 1.7% | 1.7% | 2.4% | 4.1% | 2.9% | 6.8% | −1.2% | −1.2% | 1.0% | 2.1% |
| Dividend yield | — | — | 0.1% | 0.2% | 0.0% | 0.2% | 0.5% | 0.0% | 13.3% | 0.0% |
| Shareholder yield (dividends + buybacks) | 0.5% | 0.2% | 0.7% | 1.2% | 0.5% | 0.5% | 0.8% | 0.5% | 14.0% | 0.4% |
| Share price at fiscal year-end | $124.49 | $111.26 | $81.58 | $51.79 | $64.87 | $34.01 | $21.50 | $20.60 | $44.61 | $42.34 |
| Per share | ||||||||||
| Revenue per share | $13.07 | $9.92 | $9.07 | $9.49 | $8.61 | $7.96 | $7.61 | $8.73 | $11.51 | $10.20 |
| Earnings per share | −$0.73 | $1.04 | $1.28 | $6.18 | $0.54 | −$0.69 | −$5.84 | −$2.14 | −$2.79 | $0.03 |
| Operating cash flow per share | $3.18 | $2.21 | $2.33 | $2.49 | $2.11 | $2.57 | $0.32 | $0.56 | $1.01 | $1.48 |
| Free cash flow per share | $2.07 | $1.91 | $1.99 | $2.11 | $1.85 | $2.31 | −$0.26 | −$0.26 | $0.47 | $0.88 |
| Cash per share | $10.62 | $7.91 | $7.20 | $8.24 | $4.89 | $5.00 | $2.69 | $2.95 | $3.53 | $6.69 |
| Book value per share | $17.94 | $15.31 | $13.25 | $11.84 | $6.69 | $4.51 | $4.74 | $10.24 | $12.81 | $8.67 |
| Tangible book value per share | $12.33 | $9.76 | $7.79 | $6.75 | $1.03 | −$2.19 | −$2.81 | −$2.42 | −$2.59 | $1.56 |
| Dividends per share | — | — | $0.08 | $0.11 | $0.01 | $0.07 | $0.11 | $0.00 | $5.93 | $0.00 |
| Capex per share | $1.11 | $0.30 | $0.35 | $0.37 | $0.25 | $0.26 | $0.58 | $0.81 | $0.54 | $0.60 |
| Debt per share | $7.27 | $6.63 | $6.82 | $8.44 | $7.50 | $10.46 | $10.55 | $10.64 | $11.31 | $10.94 |
| Shares outstanding | 74.0M | 73.6M | 71.5M | 71.2M | 70.5M | 66.6M | 65.7M | 65.3M | 60.7M | 53.4M |
| Change in shares outstanding | +0.6% | +2.9% | +0.5% | +1.0% | +5.8% | +1.4% | +0.6% | +7.6% | +13.8% | +4.3% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −4.4% | 7.4% | 10.2% | 66.9% | 9.8% | −15.1% | −78.3% | −19.4% | −27.3% | 0.3% |
| Return on invested capital (ROIC) | 9.7% | 7.2% | 10.4% | 17.5% | 10.9% | 0.5% | −7.6% | −5.9% | −1.3% | 4.6% |
| Return on assets (ROA) | −2.8% | 4.6% | 5.9% | 32.5% | 3.3% | −4.1% | −29.7% | −9.0% | −12.0% | 0.1% |
| Return on tangible assets | −3.2% | 5.7% | 7.9% | 36.4% | 5.2% | −6.6% | −63.2% | −21.3% | −24.1% | 0.2% |
| Free cash flow margin | 15.8% | 19.2% | 21.9% | 22.3% | 21.5% | 29.0% | −3.5% | −2.9% | 4.0% | 8.7% |
| Income quality (OCF / net income) | — | 2.12 | 1.82 | 0.40 | 3.91 | — | — | — | — | 55.25 |
| Financial health | ||||||||||
| Total debt | $538.0M | $487.8M | $487.3M | $600.4M | $528.5M | $697.0M | $692.7M | $694.7M | $686.4M | $583.5M |
| Cash & short-term investments | $786.0M | $581.9M | $514.5M | $586.5M | $344.9M | $333.2M | $176.7M | $192.9M | $214.2M | $356.8M |
| Net debt | −$248.0M | −$94.1M | −$27.2M | $13.9M | $183.6M | $363.9M | $516.0M | $501.9M | $472.2M | $226.8M |
| Debt / equity | 0.41 | 0.43 | 0.51 | 0.71 | 1.12 | 2.32 | 2.22 | 1.04 | 0.88 | 1.26 |
| Debt / assets | 0.26 | 0.28 | 0.31 | 0.38 | 0.47 | 0.61 | 0.63 | 0.47 | 0.42 | 0.49 |
| Net debt / EBITDA | −6.23 | −0.57 | −0.15 | 0.05 | 1.38 | 5.63 | — | — | — | 3.36 |
| Current ratio | 3.71 | 8.35 | 9.11 | 8.36 | 5.61 | 5.07 | 5.33 | 4.29 | 4.81 | 6.65 |
| Quick ratio | 2.98 | 6.55 | 7.48 | 7.18 | 4.72 | 4.11 | 3.88 | 3.14 | 3.64 | 5.40 |
| Interest coverage | 23.5 | 16.3 | 9.4 | 15.5 | 3.7 | 0.2 | -2.7 | -2.9 | -0.6 | 2.0 |
| Working capital | $880.0M | $794.9M | $677.7M | $715.9M | $428.5M | $386.6M | $323.7M | $351.9M | $445.8M | $520.8M |
| Invested capital | $1.08B | $1.03B | $920.4M | $856.6M | $655.4M | $664.0M | $827.5M | $1.17B | $1.25B | $689.6M |
| Tangible asset value | $912.2M | $718.1M | $557.2M | $480.1M | $72.8M | −$145.8M | −$184.5M | −$158.2M | −$157.5M | $83.2M |
| Net current asset value | $428.8M | $273.8M | $155.5M | $84.0M | −$140.9M | −$364.8M | −$393.1M | −$355.0M | −$296.9M | −$112.8M |
| Graham number | — | $18.97 | $19.54 | $40.59 | $9.01 | — | — | — | — | $2.29 |
| Graham net-net per share | $3.25 | $1.75 | $0.64 | −$0.12 | −$3.02 | −$6.50 | −$7.55 | −$7.25 | −$7.60 | −$4.01 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | $5.6M | $8.1M | $1.0M | $4.6M | $7.2M | $0 | $360.2M | $0 |
| Share buybacks (net) | $43.1M | $14.2M | $32.6M | $36.0M | $23.4M | $6.7M | $4.1M | $6.8M | $18.5M | $10.0M |
| Dividend payout ratio | — | — | 6.1% | 1.8% | 2.7% | — | — | — | — | 0.0% |
| Dividends + buybacks / free cash flow | 28.2% | 10.1% | 26.9% | 29.3% | 18.8% | 7.3% | — | — | — | 21.2% |
| Capex / revenue | 8.5% | 3.1% | 3.8% | 3.9% | 3.0% | 3.3% | 7.6% | 9.3% | 4.7% | 5.9% |
| Capex / operating cash flow | 34.9% | 13.8% | 14.8% | 15.0% | 12.1% | 10.3% | 183.4% | 146.2% | 53.7% | 40.5% |
| Capex / depreciation | 1.30 | 0.33 | 0.47 | 0.46 | 0.26 | 0.22 | 0.36 | 0.47 | 0.35 | 0.45 |
| Stock-based compensation / revenue | 8.9% | 6.3% | 5.9% | 6.1% | 5.8% | 6.7% | 4.8% | 5.6% | 5.2% | 5.0% |
| R&D / revenue | 25.3% | 24.3% | 22.9% | 22.0% | 22.9% | 26.7% | 32.7% | 31.2% | 21.2% | 19.8% |
| SG&A / revenue | 16.0% | 18.9% | 20.0% | 18.6% | 20.1% | 23.5% | 21.7% | 19.3% | 21.5% | 26.7% |
| Efficiency | ||||||||||
| Days sales outstanding | 48.0 | 49.3 | 54.3 | 50.3 | 39.2 | 45.6 | 73.6 | 86.2 | 74.3 | 71.7 |
| Days of inventory on hand | 181.0 | 168.5 | 160.1 | 122.5 | 107.5 | 124.4 | 130.0 | 126.8 | 123.2 | 125.7 |
| Days payables outstanding | 46.4 | 34.7 | 35.5 | 36.8 | 31.9 | 29.8 | 37.6 | 73.1 | 67.7 | 38.6 |
| Cash conversion cycle (days) | 182.6 | 183.1 | 178.9 | 135.9 | 114.8 | 140.1 | 165.9 | 139.9 | 129.8 | 158.8 |
| Receivables turnover | 7.61 | 7.41 | 6.73 | 7.26 | 9.30 | 8.01 | 4.96 | 4.23 | 4.91 | 5.09 |
| Payables turnover | 7.87 | 10.51 | 10.28 | 9.91 | 11.44 | 12.23 | 9.70 | 5.00 | 5.40 | 9.45 |
| Inventory turnover | 2.02 | 2.17 | 2.28 | 2.98 | 3.40 | 2.94 | 2.81 | 2.88 | 2.96 | 2.90 |
| Asset turnover | 0.50 | 0.44 | 0.41 | 0.50 | 0.53 | 0.47 | 0.39 | 0.37 | 0.49 | 0.53 |
| Average receivables | $127.2M | $98.5M | $96.4M | $93.1M | $65.2M | $66.2M | $100.7M | $134.8M | $142.3M | $106.9M |
| Average payables | $55.4M | $34.1M | $27.8M | $29.7M | $25.9M | $23.9M | $33.4M | $74.6M | $68.9M | $29.9M |
| Average inventory | $216.2M | $165.4M | $125.6M | $98.8M | $87.1M | $99.7M | $115.4M | $129.5M | $125.5M | $97.4M |
| Intangibles / total assets | 19.7% | 23.3% | 25.1% | 23.1% | 35.2% | 38.9% | 45.0% | 55.8% | 57.1% | 31.9% |
Computed from MTSI's annual financial statements (latest annual report filed November 14, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
MTSI valuation and financial ratios
Based on the latest twelve months, the trailing P/E is 83.5 and the forward P/E is 32.3. MACOM Technology Solutions earned a return on equity of −4.4% and a return on invested capital of 9.7% in fiscal 2025. It ended the year with $538.0 million of debt and $786.0 million in cash and short-term investments, a net cash position of $248.0 million. It returned $43.1 million to shareholders: $0 in dividends and $43.1 million in share buybacks, 28% of free cash flow. The share count rose 38.6% from 53.4M to 74.0M over 9 years.
See the MTSI income statement, the MTSI chart for price history, or the MTSI stock overview for the latest quote and news.
MTSI key metrics FAQ
What is MACOM Technology Solutions's P/E ratio?
MACOM Technology Solutions's trailing P/E ratio is 83.5 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 32.3. At the end of fiscal 2025 it was —, compared with a 10-year median of 85.1.
What is MACOM Technology Solutions's EV/EBITDA?
MACOM Technology Solutions's enterprise value was 225.3 times EBITDA at the end of fiscal 2025 (enterprise value $9.0 billion, EBITDA $39.8 million); the current EV/EBITDA is 58.2.
What is MACOM Technology Solutions's return on equity?
MACOM Technology Solutions's return on equity (ROE) was −4.4% in fiscal 2025: net income of -$54.2 million on average shareholders' equity of $1.2 billion.
What is MACOM Technology Solutions's ROIC?
MACOM Technology Solutions's return on invested capital was 9.7% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does MACOM Technology Solutions have?
MACOM Technology Solutions had total debt of $538.0 million at the end of fiscal 2025, a debt-to-equity ratio of 0.41 and more cash than debt.
Does MACOM Technology Solutions buy back its shares?
Yes. MACOM Technology Solutions spent $43.1 million on net share repurchases in fiscal 2025 Shares outstanding changed +0.6% over the year, to 74.0M..
What is MACOM Technology Solutions's free cash flow yield?
MACOM Technology Solutions generated $153.2 million of free cash flow in fiscal 2025, a free cash flow yield of 1.7% on its market value at year-end ($9.2 billion).
What is MACOM Technology Solutions's current ratio?
MACOM Technology Solutions's current ratio was 3.71 at the end of fiscal 2025: current assets were 3.71 times current liabilities.