Macom Technology Solutions Holdings, Inc.

$MTSI Market Cap: $10.31 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$729.6M

TTM

Gross Margin

54.02%

TTM

Net Earnings

$76.86M

TTM

Current Assets

$903.1M

Q3 2024

Current Liabilities

$108.2M

Q3 2024

Current Ratio

834.76%

Q3 2024

Total Assets

$1.756B

Q3 2024

Total Liabilities

$629.3M

Q3 2024

Book Value

$1.126B

Q3 2024

Cash

$146.8M

Q3 2024

P/E

134.2

Nov 29, 2024 EST

Free Cash Flow

$140.2M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue	$729.6M	$648.4M	$675.2M	$606.9M	$530.0M	$499.7M	$570.4M	$698.8M	$544.3M	$420.6M	$339.2M	$242.7M	$302.2M	$310.3M	$260.3M	$102.7M	$25.40M
YoY Change	12.52%	-3.96%	11.25%	14.51%	6.07%	-12.39%	-18.37%	28.37%	29.42%	24.0%	39.75%	-19.69%	-2.61%	19.21%	153.45%	304.33%	15.45%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue	$729.6M	$648.4M	$675.2M	$606.9M	$530.0M	$499.7M	$570.4M	$698.8M	$544.3M	$420.6M	$339.2M	$242.7M	$302.2M	$310.3M	$260.3M	$102.7M	$25.40M
Cost Of Revenue	$335.8M	$262.6M	$269.0M	$265.1M	$259.9M	$279.0M	$324.7M	$371.9M	$262.7M	$217.0M	$198.2M	$133.5M	$169.2M	$178.4M	$166.6M	$77.20M	$17.20M
Gross Profit	$393.8M	$385.8M	$406.2M	$341.9M	$270.2M	$220.7M	$245.7M	$326.9M	$281.6M	$203.6M	$140.9M	$109.2M	$134.1M	$131.9M	$93.74M	$25.50M	$8.200M
Gross Profit Margin	53.97%	59.5%	60.16%	56.33%	50.97%	44.17%	43.08%	46.78%	51.73%	48.4%	41.55%	44.99%	44.38%	42.5%	36.01%	24.83%	32.28%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Selling, General & Admin	$137.9M	$129.9M	$125.3M	$122.0M	$124.3M	$153.3M	$161.7M	$187.9M	$145.4M	$110.0M	$82.59M	$57.93M	$45.69M	$48.10M	$45.86M	$25.00M	$6.000M
YoY Change	6.24%	3.65%	2.68%	-1.85%	-18.91%	-5.19%	-13.95%	29.19%	32.18%	33.22%	42.57%	26.79%	-5.02%	4.89%	83.44%	316.67%	-11.76%
% of Gross Profit	35.03%	33.66%	30.84%	35.69%	46.01%	69.45%	65.8%	57.48%	51.64%	54.04%	58.6%	53.05%	34.06%	36.48%	48.92%	98.04%	73.17%
Research & Development	$182.2M	$148.5M	$148.2M	$138.8M	$141.3M	$163.5M	$177.7M	$148.0M	$107.7M	$82.19M	$71.35M	$42.51M	$36.75M	$36.12M	$25.80M	$13.60M	$6.700M
YoY Change	22.63%	0.21%	6.76%	-1.76%	-13.54%	-8.02%	20.09%	37.41%	31.04%	15.19%	67.86%	15.65%	1.75%	40.03%	89.67%	102.99%	1.52%
% of Gross Profit	46.26%	38.5%	36.49%	40.61%	52.31%	74.07%	72.33%	45.27%	38.24%	40.37%	50.63%	38.92%	27.4%	27.39%	27.52%	53.33%	81.71%
Depreciation & Amortization	$67.25M	$52.15M	$57.23M	$69.95M	$78.83M	$104.4M	$112.4M	$93.00M	$70.59M	$54.71M	$34.62M	$14.82M	$12.59M	$10.41M	$11.42M	$6.400M
YoY Change	28.95%	-8.87%	-18.19%	-11.26%	-24.51%	-7.09%	20.84%	31.74%	29.03%	58.03%	133.56%	17.71%	20.96%	-8.81%	78.38%
% of Gross Profit	17.08%	13.52%	14.09%	20.46%	29.18%	47.31%	45.74%	28.45%	25.07%	26.87%	24.56%	13.57%	9.39%	7.89%	12.18%	25.1%
Operating Expenses	$320.1M	$278.4M	$273.5M	$260.9M	$266.8M	$601.1M	$352.2M	$343.0M	$268.4M	$193.5M	$168.8M	$101.5M	$80.38M	$85.93M	$75.89M	$39.20M	$12.80M
YoY Change	14.98%	1.79%	4.85%	-2.22%	-55.62%	70.65%	2.7%	27.8%	38.69%	14.65%	66.28%	26.27%	-6.46%	13.24%	93.59%	206.25%	-4.48%
Operating Profit	$73.67M	$107.4M	$132.7M	$81.00M	$3.388M	-$380.4M	-$106.5M	-$16.08M	$13.25M	$10.09M	-$27.83M	$7.703M	$53.74M	$45.93M	$17.85M	-$13.70M	-$4.600M
YoY Change	-31.41%	-19.05%	63.79%	2290.85%	-100.89%	257.09%	562.27%	-221.41%	31.27%	-136.27%	-461.25%	-85.67%	17.02%	157.24%	-230.32%	197.83%	9.52%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Interest Expense	$5.136M	$12.38M	-$4.300M	$20.59M	$27.38M	$35.80M	$31.34M	$28.86M	$18.43M	$18.38M	$12.36M	$817.0K	$695.0K	$1.561M	$2.323M	-$1.700M	-$1.000M
YoY Change	-58.53%	-388.0%	-120.88%	-24.79%	-23.53%	14.25%	8.61%	56.59%	0.28%	48.65%	1413.1%	17.55%	-55.48%	-32.8%	-236.65%	70.0%	900.0%
% of Operating Profit	6.97%	11.53%	-3.24%	25.42%	808.15%				139.09%	182.08%		10.61%	1.29%	3.4%	13.01%
Other Income/Expense, Net	$17.86M	$7.758M	$114.7M	-$38.06M	-$44.95M	-$42.78M	-$48.72M	-$33.42M	-$34.82M	-$25.49M	-$13.07M	-$4.757M	-$41.45M	-$46.38M	-$2.323M	$0.00	$0.00
YoY Change	130.21%	-93.24%	-401.51%	-15.33%	5.08%	-12.19%	45.76%	-4.02%	36.59%	95.0%	174.82%	-88.52%	-10.62%	1896.47%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Pretax Income	$91.50M	$115.2M	$243.1M	$42.90M	-$41.60M	-$423.2M	-$155.2M	-$49.50M	-$21.60M	-$15.40M	-$40.90M	$2.946M	$12.29M	-$451.0K	$15.53M	$3.900M	-$5.600M
YoY Change	-20.57%	-52.62%	466.71%	-203.13%	-90.17%	172.68%	213.54%	129.17%	40.26%	-62.35%	-1488.32%	-76.03%	-2824.83%	-102.9%	298.23%	-169.64%	30.23%
Income Tax	$14.67M	$23.58M	-$196.8M	$4.972M	$4.516M	-$39.36M	-$21.47M	$100.9M	-$17.98M	-$9.858M	-$16.09M	$283.0K	$15.95M	$1.319M	$8.996M	-$100.0K	$0.00
% Of Pretax Income	16.03%	20.47%	-80.96%	11.59%								9.61%	129.82%		57.92%	-2.56%
Net Earnings	$76.86M	$91.58M	$440.0M	$37.97M	-$46.08M	-$383.8M	-$140.0M	-$169.5M	$1.434M	$48.59M	-$15.32M	$18.20M	-$3.664M	-$1.016M	$7.029M	$4.200M	-$5.600M
YoY Change	-16.07%	-79.18%	1058.6%	-182.41%	-87.99%	174.19%	-17.41%	-11919.6%	-97.05%	-417.1%	-184.21%	-596.62%	260.63%	-114.45%	67.36%	-175.0%	30.23%
Net Earnings / Revenue	10.53%	14.12%	65.16%	6.26%	-8.69%	-76.8%	-24.54%	-24.26%	0.26%	11.55%	-4.52%	7.5%	-1.21%	-0.33%	2.7%	4.09%	-22.05%
Basic Earnings Per Share	$1.07	$1.29	$6.30	$0.55	-$0.69	-$5.84	-$2.16	-$2.79	$0.03	$0.95	-$0.33	$0.40	-$0.25	-$51.62	$0.05
Diluted Earnings Per Share	$1.04	$1.28	$6.182M	$0.54	-$0.69	-$5.84	-$2.57	-$2.79	$0.03	$0.95	-$0.33	$0.39	-$0.25	-$51.62	$0.04	$92.72K	-$123.6K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Cash & Short-Term Investments	$581.9M	$514.5M	$586.5M	$344.9M	$333.2M	$176.7M	$192.9M	$214.2M	$356.8M	$161.9M	$173.9M	$110.5M	$84.50M	$45.70M	$23.90M
YoY Change	13.1%	-12.28%	70.06%	3.51%	88.57%	-8.4%	-9.94%	-39.97%	120.38%	-6.9%	57.38%	30.77%	84.9%	91.21%
Cash & Equivalents	$146.8M	$174.0M	$120.0M	$156.5M	$129.4M	$75.50M	$94.70M	$130.1M	$333.0M	$122.3M	$173.9M	$110.5M	$84.50M	$45.70M	$23.90M
Short-Term Investments	$435.1M	$340.6M	$466.6M	$188.4M	$203.7M	$101.2M	$98.20M	$84.10M	$23.80M	$39.60M
Other Short-Term Assets	$21.00M	$19.10M	$10.04M	$9.365M	$9.700M	$27.50M	$28.10M	$58.00M	$11.30M	$42.60M	$50.70M	$17.50M	$12.00M	$12.20M	$5.400M
YoY Change	9.95%	90.24%	7.21%	-3.45%	-64.73%	-2.14%	-51.55%	413.27%	-73.47%	-15.98%	189.71%	45.83%	-1.64%	125.93%
Inventory	$194.5M	$136.3M	$115.0M	$82.70M	$91.60M	$107.9M	$122.8M	$136.1M	$114.9M	$79.90M	$73.60M	$54.90M	$57.50M	$52.50M	$45.30M
Prepaid Expenses
Receivables	$105.7M	$91.30M	$101.6M	$84.57M	$45.90M	$69.80M	$97.40M	$136.1M	$108.3M	$84.00M	$75.20M	$63.50M	$54.20M	$46.20M	$45.50M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$1.200M	$16.70M	$17.60M	$18.50M	$21.60M	$15.80M	$0.00	$0.00	$4.900M	$0.00	$0.00
Total Short-Term Assets	$903.1M	$761.2M	$813.1M	$521.5M	$481.5M	$398.6M	$458.9M	$562.9M	$612.9M	$384.2M	$373.3M	$246.4M	$213.0M	$156.5M	$120.1M
YoY Change	18.64%	-6.38%	55.9%	8.31%	20.8%	-13.14%	-18.48%	-8.16%	59.53%	2.92%	51.5%	15.68%	36.1%	30.31%
Property, Plant & Equipment	$205.3M	$175.1M	$123.7M	$150.5M	$152.2M	$132.6M	$149.9M	$131.0M	$99.20M	$83.80M	$50.40M	$32.70M	$30.20M	$25.40M	$21.10M
YoY Change	17.25%	41.55%	-17.79%	-1.14%	14.78%	-11.54%	14.43%	32.06%	18.38%	66.27%	54.13%	8.28%	18.9%	20.38%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments		$2.500M	$2.500M	$15.34M	$17.70M	$23.60M	$31.10M
YoY Change		0.0%	-83.7%	-13.32%	-25.0%	-24.12%
Other Assets	$239.0M	$224.1M	$272.4M	$47.87M	$49.10M	$54.80M	$15.80M	$8.400M	$96.80M	$55.80M	$105.1M	$5.900M	$2.100M	$3.300M	$3.000M
YoY Change	6.64%	-17.72%	468.96%	-2.51%	-10.4%	246.84%	88.1%	-91.32%	73.48%	-46.91%	1681.36%	180.95%	-36.36%	10.0%
Total Long-Term Assets	$852.6M	$792.0M	$758.7M	$612.6M	$664.9M	$707.0M	$1.024B	$1.074B	$575.7M	$476.6M	$308.9M	$70.20M	$55.10M	$54.80M	$44.70M
YoY Change	7.65%	4.38%	23.85%	-7.86%	-5.95%	-30.93%	-4.71%	86.59%	20.79%	54.29%	340.03%	27.4%	0.55%	22.6%
Total Assets	$1.756B	$1.553B	$1.572B	$1.134B	$1.146B	$1.106B	$1.483B	$1.637B	$1.189B	$860.8M	$682.2M	$316.6M	$268.1M	$211.3M	$164.8M
YoY Change
Accounts Payable	$43.20M	$25.00M	$30.73M	$28.71M	$23.00M	$24.80M	$42.00M	$47.00M	$30.60M	$29.30M	$29.80M	$26.00M	$27.00M	$20.50M	$17.70M
YoY Change	72.81%	-18.65%	7.04%	24.83%	-7.26%	-40.95%	-10.64%	53.59%	4.44%	-1.68%	14.62%	-3.7%	31.71%	15.82%
Accrued Expenses	$59.06M	$54.60M	$65.47M	$61.47M	$56.60M	$38.70M	$49.50M	$53.10M	$54.40M	$38.10M	$34.20M	$16.90M	$13.90M	$16.00M	$21.00M
YoY Change	8.16%	-16.61%	6.52%	8.6%	46.25%	-21.82%	-6.78%	-2.39%	42.78%	11.4%	102.37%	21.58%	-13.13%	-23.81%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$646.0K	$1.200M	$1.006M	$958.0K	$8.300M	$8.000M	$7.400M	$7.700M	$7.200M	$4.100M	$3.500M	$0.00		$0.00	$800.0K
YoY Change	-46.17%	19.28%	5.01%	-88.46%	3.75%	8.11%	-3.9%	6.94%	75.61%	17.14%				-100.0%
Total Short-Term Liabilities	$108.2M	$83.50M	$97.21M	$93.04M	$95.00M	$74.80M	$107.0M	$117.1M	$92.20M	$71.50M	$85.60M	$52.20M	$55.70M	$67.10M	$63.20M
YoY Change	29.56%	-14.11%	4.48%	-2.06%	27.01%	-30.09%	-8.63%	27.01%	28.95%	-16.47%	63.98%	-6.28%	-16.99%	6.17%
Long-Term Debt	$488.4M	$488.2M	$602.5M	$528.9M	$681.2M	$684.8M	$687.4M	$678.7M	$576.3M	$335.1M	$343.2M	$0.00	$0.00	$0.00	$30.70M
YoY Change	0.04%	-18.97%	13.92%	-22.36%	-0.53%	-0.38%	1.28%	17.77%	71.98%	-2.36%				-100.0%
Other Long-Term Liabilities	$32.70M	$33.90M	$29.36M	$40.51M	$70.20M	$31.40M	$19.00M	$48.70M	$45.50M	$29.70M	$24.80M	$15.40M	$8.800M	$104.5M	$22.60M
YoY Change	-3.55%	15.47%	-27.53%	-42.29%	123.57%	65.26%	-60.99%	7.03%	53.2%	19.76%	61.04%	75.0%	-91.58%	362.39%
Total Long-Term Liabilities	$521.1M	$522.1M	$631.9M	$569.4M	$751.4M	$716.2M	$706.4M	$727.4M	$621.8M	$364.8M	$368.0M	$15.40M	$8.800M	$104.5M	$53.30M
YoY Change	-0.19%	-17.37%	10.98%	-24.23%	4.91%	1.39%	-2.89%	16.98%	70.45%	-0.87%	2289.61%	75.0%	-91.58%	96.06%
Total Liabilities	$629.3M	$605.6M	$729.1M	$662.4M	$846.3M	$791.7M	$813.8M	$859.7M	$725.8M	$436.3M	$453.7M	$69.50M	$68.60M	$174.1M	$120.2M
YoY Change	3.91%	-16.94%	10.06%	-21.73%	6.9%	-2.72%	-5.34%	18.45%	66.35%	-3.84%	552.81%	1.31%	-60.6%	44.84%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	71.96M shares	70.80M shares	69.78M shares	68.45M shares	66.61M shares	65.69M shares	64.74M shares	60.70M shares	53.36M shares	51.15M shares	47.01M shares	45.92M shares	24.76M shares	1.505M shares	11.88M shares
Diluted Shares Outstanding	73.58M shares	71.50M shares	71.17M shares	70.47M shares	66.61M shares	65.69M shares	65.31M shares	60.70M shares	53.36M shares	51.15M shares	47.01M shares	47.14M shares	24.76M shares	1.505M shares	12.59M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $10.314 Billion

About MACOM Technology Solutions Holdings, Inc.

MACOM Technology Solutions Holdings, Inc. engages in designing, developing, manufacturing, and marketing semiconductors and modules. The company is headquartered in Lowell, Massachusetts and currently employs 1,700 full-time employees. The company went IPO on 2012-03-15. The firm is specialized in application, analog and mixed signal circuit design, compound semiconductor fabrication (including gallium arsenide (GaAs), gallium nitride (GaN), indium phosphide (InP) and specialized silicon), packaging and back-end assembly and test. The company manufactures compound semiconductors, including GaAs, GaN and InP. The company offers a product portfolio that incorporates radio frequency (RF), microwave, analog and mixed signal and optical semiconductor technologies. The firm's products are electronic components that its customers generally incorporate into electronic systems, such as wireless base stations, optical networks, data center networks, radar, medical systems and test and measurement applications. The company operates facilities across the United States, Europe, Asia.

Industry: Semiconductors & Related Devices Peers: NVIDIA CORP ALLEGRO MICROSYSTEMS, INC. AMBARELLA INC CIRRUS LOGIC, INC. DIODES INC /DEL/ MAXLINEAR, INC POWER INTEGRATIONS INC RAMBUS INC SILICON LABORATORIES INC. SYNAPTICS Inc