Company financials

Micron Technology

Information Technology Semiconductors Boise, Idaho Last filing Oct 3, 2025 · FY2025

                    Revenue
                    FY2025
                
$37.4B
                    3y CAGR +6.7%
                    
                    P60
                    
                    +48.9%
                    
                    Net income
                    FY2025
                
$8.5B
                    Net margin +22.8%
                    
                    P74
                    
                    +997.6%
                    
                    Total assets
                    FY2025
                
$82.8B
                    ROA +10.3%
                    
                    P53
                    
                    +19.3%
                    
                    Operating cash flow
                    FY2025
                
$17.5B
                    FCF margin +4.5%
                    
                    P10
                    
                    +106.0%

17 yrs · FY2009–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Balance Sheet

Assets, liabilities, and equity

32 accounts · 5 years

Total assets $82.8B

Total liabilities $28.6B

Shareholders equity $54.2B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	$9.6B 36.9%	$7.0B -17.9%	$8.6B 3.8%	$8.3B 6.4%	$7.8B
Short Term Investments	$665.0M	—	—	—	—
Accounts Receivable	$7.2B 32.2%	$5.4B 164.6%	$2.0B -57.0%	$4.8B -3.2%	$4.9B
Inventory	$8.4B -5.9%	$8.9B 5.8%	$8.4B 25.9%	$6.7B 48.5%	$4.5B
Prepaid Expenses	$914.0M 17.8%	$776.0M -5.4%	$820.0M 24.8%	$657.0M 30.9%	$502.0M
Other Current Assets	$914.0M	—	—	—	—
Total Current Assets	$28.8B 18.3%	$24.4B 14.7%	$21.2B -2.5%	$21.8B 9.4%	$19.9B
Property,Plant and Equipment	$46.6B 17.2%	$39.7B 4.8%	$37.9B -1.6%	$38.5B 16.1%	$33.2B
Operating Lease Assets	$736.0M 14.1%	$645.0M -3.2%	$666.0M -1.8%	$678.0M 23.0%	$551.0M
Goodwill	$1.1B 0.0%	$1.1B 0.0%	$1.1B -6.4%	$1.2B 0.0%	$1.2B
Intangible Assets	$453.0M 8.9%	$416.0M 3.0%	$404.0M -4.0%	$421.0M 20.6%	$349.0M
Deferred Tax Assets	$616.0M	—	—	—	—
Other Noncurrent Assets	$2.8B 83.3%	$1.5B 20.3%	$1.3B -1.2%	$1.3B 21.2%	$1.1B
Total Assets	$82.8B 19.3%	$69.4B 8.0%	$64.3B -3.1%	$66.3B 12.6%	$58.8B
Liabilities
Accounts Payable	$9.6B	—	—	—	—
Accrued Liabilities	$1.1B -0.1%	$1.1B 204.4%	$367.0M -58.2%	$877.0M -10.9%	$984.0M
Current Portion of Long Term Debt	$560.0M	—	—	—	—
Operating Lease Liabilities	$74.0M 4.2%	$71.0M 7.6%	$66.0M 10.0%	$60.0M 9.1%	$55.0M
Other Current Liabilities	$1.2B	—	—	—	—
Total Current Liabilities	$11.5B 23.9%	$9.2B 94.1%	$4.8B -36.8%	$7.5B 17.4%	$6.4B
Long Term Debt	$0 -100.0%	$11.3B -5.9%	$12.0B 100.1%	$6.0B 0.9%	$6.0B
Operating Lease Liabilities Noncurrent	$701.0M 14.9%	$610.0M 1.2%	$603.0M -1.1%	$610.0M 21.0%	$504.0M
Deferred Tax Liabilities	$0 -100.0%	$416.0M 69.1%	$246.0M 26.8%	$194.0M -20.8%	$245.0M
Other Noncurrent Liabilities	$1.4B 58.4%	$911.0M -7.7%	$987.0M 18.2%	$835.0M 49.4%	$559.0M
Total Liabilities	$28.6B 17.9%	$24.3B 20.6%	$20.1B 22.9%	$16.4B 9.8%	$14.9B
Equity
Common Stock	$127.0M 1.6%	$125.0M 0.8%	$124.0M 0.8%	$123.0M 0.8%	$122.0M
Additional Paid In Capital	$13.3B 10.1%	$12.1B 9.8%	$11.0B 8.2%	$10.2B 7.9%	$9.5B
Retained Earnings	$48.6B 18.9%	$40.9B 0.1%	$40.8B -13.6%	$47.3B 21.1%	$39.1B
Treasury Stock	$7.9B 0.0%	$7.9B 4.0%	$7.6B 6.0%	$7.1B 51.8%	$4.7B
Accumulated Other Comprehensive Income	$-32.0M 76.1%	$-134.0M 57.1%	$-312.0M 44.3%	$-560.0M -28100.0%	$2.0M
Total Stockholders Equity	$54.2B 20.0%	$45.1B 2.3%	$44.1B -11.6%	$49.9B 13.6%	$43.9B
Total Liabilitiesand Equity	$82.8B 19.3%	$69.4B 8.0%	$64.3B -3.1%	$66.3B 12.6%	$58.8B

Income Statement

Revenue, expense, and profitability

21 accounts · 5 years

Revenue $37.4B

Operating income $9.8B

Net income $8.5B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	$37.4B 48.9%	$25.1B 61.6%	$15.5B -49.5%	$30.8B 11.0%	$27.7B
Expenses Cost of Revenue	$22.5B 15.4%	$19.5B 15.0%	$17.0B 0.6%	$16.9B -2.4%	$17.3B
Expenses Research and Development	$3.8B 10.7%	$3.4B 10.1%	$3.1B -0.1%	$3.1B 17.0%	$2.7B
Expenses Selling,General and Administrative	$1.2B 6.7%	$1.1B 22.7%	$920.0M -13.7%	$1.1B 19.2%	$894.0M
Expenses Depreciation and Amortization	$8.3B 7.5%	$7.7B 0.4%	$7.7B 9.1%	$7.0B 14.7%	$6.1B
Expenses Share Based Compensation	$972.0M 16.7%	$833.0M 39.8%	$596.0M 16.0%	$514.0M 36.0%	$378.0M
Expenses Restructuring and Asset Impairment	$39.0M	—	—	—	—
Expenses Operating Expenses	$4.0M	—	—	—	—
Other Income Expense Gross Profit	$14.9B 165.0%	$5.6B 496.4%	$-1.4B -110.2%	$13.9B 33.3%	$10.4B
Other Income Expense Operating Income	$9.8B 649.2%	$1.3B 122.7%	$-5.7B -159.2%	$9.7B 54.4%	$6.3B
Other Income Expense Interest Income	$496.0M	—	—	—	—
Other Income Expense Interest Expense	$477.0M	—	$388.0M 105.3%	$189.0M 3.3%	$183.0M
Other Income Expense Other Income/expense	$-135.0M -335.5%	$-31.0M -542.9%	$7.0M 118.4%	$-38.0M -146.9%	$81.0M
Other Income Expense Income Before Tax	$9.7B 678.5%	$1.2B 121.9%	$-5.7B -159.1%	$9.6B 53.9%	$6.2B
Income Tax Income Tax Expense	$1.1B 149.2%	$451.0M 154.8%	$177.0M -80.1%	$888.0M 125.4%	$394.0M
net Income net Income	$8.5B 997.6%	$778.0M 113.3%	$-5.8B -167.1%	$8.7B 48.2%	$5.9B
net Income Comprehensive Income	$8.6B 803.9%	$956.0M 117.1%	$-5.6B -168.7%	$8.1B 40.3%	$5.8B
Earnings Per Share Basic Eps	$8 992.9%	$1 113.1%	$-5 -168.4%	$8 49.3%	$5
Earnings Per Share Diluted Eps	$8 984.3%	$1 113.1%	$-5 -168.9%	$8 50.8%	$5
Earnings Per Share Weighted Average Shares Basic	$1.1B 1.0%	$1.1B 1.1%	$1.1B -1.7%	$1.1B -0.7%	$1.1B
Earnings Per Share Weighted Average Shares Diluted	$1.1B 0.6%	$1.1B 2.3%	$1.1B -2.6%	$1.1B -1.7%	$1.1B

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 5 years

Operating cash flow $17.5B

Investing cash flow $-14.1B

Financing cash flow $-850.0M

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	$8.5B 997.6%	$778.0M 113.3%	$-5.8B -167.1%	$8.7B 48.2%	$5.9B
Operating Activities Depreciation and Amortization	$71.0M -13.4%	$82.0M -4.7%	$86.0M 1.2%	$85.0M 3.7%	$82.0M
Operating Activities Stock Based Compensation	$972.0M	—	—	—	—
Operating Activities Deferred Income Taxes	$164.0M 368.6%	$35.0M 600.0%	$-7.0M -102.4%	$294.0M 1647.4%	$-19.0M
Operating Activities Changes In Operating Assets and Liabilities	$-520.0M -206.6%	$488.0M -86.3%	$3.6B 63.1%	$2.2B 351.6%	$-866.0M
Operating Activities Other Non Cash Items	$328.0M	—	—	—	—
Operating Activities net Cash From Operating Activities	$17.5B 106.0%	$8.5B 445.7%	$1.6B -89.7%	$15.2B 21.8%	$12.5B
Investing Activities Capital Expenditures	$15.9B 89.1%	$8.4B 9.2%	$7.7B -36.4%	$12.1B 20.3%	$10.0B
Investing Activities Purchases of Investments	$1.9B -5.5%	$2.0B 176.5%	$723.0M -59.2%	$1.8B -44.0%	$3.2B
Investing Activities Proceeds From Sale of Investments	$1.7B	—	$1.6B 18.5%	$1.3B 5.7%	$1.2B
Investing Activities Other Investing Activities	$43.0M	—	—	—	—
Investing Activities net Cash From Investing Activities	$-14.1B -69.5%	$-8.3B -34.2%	$-6.2B 46.6%	$-11.6B -9.4%	$-10.6B
Financing Activities Proceeds From Debt	$4.4B 343.4%	$999.0M -85.1%	$6.7B 235.8%	$2.0B 68.4%	$1.2B
Financing Activities Repurchase of Common Stock	$0 -100.0%	$300.0M -29.4%	$425.0M -82.5%	$2.4B 102.7%	$1.2B
Financing Activities Dividends Paid	$527.0M 1.7%	$518.0M 1.8%	$509.0M 44.6%	$352.0M 214.3%	$112.0M
Financing Activities Other Financing Activities	$-139.0M	—	—	—	—
Financing Activities net Cash From Financing Activities	$-850.0M 53.9%	$-1.8B -137.0%	$5.0B 267.2%	$-3.0B -67.3%	$-1.8B
Cash Reconciliation Effect of Exchange Rate On Cash	$6.0M	—	—	—	—
Cash Reconciliation net Change In Cash	$2.6B 261.7%	$-1.6B -606.0%	$317.0M -37.8%	$510.0M 266.9%	$139.0M
Cash Reconciliation Cash At Beginning of Period	$9.6B 37.0%	$7.0B -17.9%	$8.6B 3.8%	$8.3B 6.4%	$7.8B
Cash Reconciliation Cash At End of Period	$9.6B 37.0%	$7.0B -17.9%	$8.6B 3.8%	$8.3B 6.4%	$7.8B

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+39.8%	+22.4%	-9.1%	+45.2%	+37.6%
Operating margin	+26.1%	+5.2%	-37.0%	+31.5%	+22.7%
Net margin	+22.8%	+3.1%	-37.5%	+28.2%	+21.2%
FCF margin	+4.5%	+0.5%	-39.4%	+10.1%	+8.8%
Growth
Revenue CAGR (3y)	+6.7%	-3.2%	-10.2%	+9.5%	-3.0%
Returns
ROE	+15.8%	+1.7%	-13.2%	+17.4%	+13.3%
ROA	+10.3%	+1.1%	-9.1%	+13.1%	+10.0%
ROIC	+19.1%	+1.7%	-12.1%	+18.5%	+14.0%
Liquidity
Current ratio	2.52x	2.64x	4.46x	2.89x	3.10x
Quick ratio	1.47x	1.35x	2.23x	1.73x	1.97x
Leverage
D/E	0.53x	0.54x	0.46x	0.33x	0.34x
Interest coverage	20.48x	—	-14.81x	51.33x	34.33x
Efficiency
Asset turnover	0.45x	0.36x	0.24x	0.46x	0.47x
Cash conversion cycle	+49d	—	—	—	—

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Micron Technology

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