Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Micron Technology Inc. (NASDAQ:MU)

Analysis of Profitability Ratios

Beginner level

Profitability Ratios (Summary)

Micron Technology Inc., profitability ratios

Microsoft Excel LibreOffice Calc
Sep 3, 2020 Aug 29, 2019 Aug 30, 2018 Aug 31, 2017 Sep 1, 2016 Sep 3, 2015
Return on Sales
Gross profit margin 30.57% 45.72% 58.87% 41.51% 20.20% 32.21%
Operating profit margin 14.01% 31.51% 49.34% 28.88% 1.35% 18.52%
Net profit margin 12.54% 26.97% 46.51% 25.04% -2.23% 17.90%
Return on Investment
Return on equity (ROE) 6.89% 17.59% 43.77% 27.33% -2.28% 23.57%
Return on assets (ROA) 5.01% 12.91% 32.59% 14.40% -1.00% 12.01%

Based on: 10-K (filing date: 2020-10-19), 10-K (filing date: 2019-10-17), 10-K (filing date: 2018-10-15), 10-K (filing date: 2017-10-26), 10-K (filing date: 2016-10-28), 10-K (filing date: 2015-10-27).

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Micron Technology Inc.’s gross profit margin ratio deteriorated from 2018 to 2019 and from 2019 to 2020.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Micron Technology Inc.’s operating profit margin ratio deteriorated from 2018 to 2019 and from 2019 to 2020.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Micron Technology Inc.’s net profit margin ratio deteriorated from 2018 to 2019 and from 2019 to 2020.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Micron Technology Inc.’s ROE deteriorated from 2018 to 2019 and from 2019 to 2020.
ROA A profitability ratio calculated as net income divided by total assets. Micron Technology Inc.’s ROA deteriorated from 2018 to 2019 and from 2019 to 2020.

Gross Profit Margin

Micron Technology Inc., gross profit margin calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Sep 3, 2020 Aug 29, 2019 Aug 30, 2018 Aug 31, 2017 Sep 1, 2016 Sep 3, 2015
Selected Financial Data (US$ in millions)
Gross margin 6,552  10,702  17,891  8,436  2,505  5,215 
Revenue 21,435  23,406  30,391  20,322  12,399  16,192 
Profitability Ratio
Gross profit margin1 30.57% 45.72% 58.87% 41.51% 20.20% 32.21%
Benchmarks
Gross Profit Margin, Competitors2
Advanced Micro Devices Inc. 42.61% 37.79% 34.21% 23.36% 27.06%
Analog Devices Inc. 65.87% 67.00% 68.27% 59.94% 65.10% 65.77%
Apple Inc. 38.23% 37.82% 38.34% 38.47% 39.08% 40.06%
Applied Materials Inc. 44.72% 43.72% 45.31% 44.93% 41.67% 40.92%
Broadcom Inc. 56.58% 55.24% 51.48% 48.25% 44.86% 52.07%
Cisco Systems Inc. 64.26% 62.94% 62.04% 62.96% 62.87% 60.38%
Intel Corp. 58.56% 61.73% 62.25% 60.94% 62.65%
Lam Research Corp. 45.88% 45.15% 46.63% 44.97% 44.49% 43.43%
NVIDIA Corp. 61.99% 61.21% 59.93% 58.80% 56.11% 55.53%
Qualcomm Inc. 60.67% 64.57% 54.94% 56.07% 58.61% 58.95%
Texas Instruments Inc. 63.71% 65.11% 64.26% 61.63% 58.15%

Based on: 10-K (filing date: 2020-10-19), 10-K (filing date: 2019-10-17), 10-K (filing date: 2018-10-15), 10-K (filing date: 2017-10-26), 10-K (filing date: 2016-10-28), 10-K (filing date: 2015-10-27).

1 2020 Calculation
Gross profit margin = 100 × Gross margin ÷ Revenue
= 100 × 6,552 ÷ 21,435 = 30.57%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Micron Technology Inc.’s gross profit margin ratio deteriorated from 2018 to 2019 and from 2019 to 2020.

Operating Profit Margin

Micron Technology Inc., operating profit margin calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Sep 3, 2020 Aug 29, 2019 Aug 30, 2018 Aug 31, 2017 Sep 1, 2016 Sep 3, 2015
Selected Financial Data (US$ in millions)
Operating income 3,003  7,376  14,994  5,868  168  2,998 
Revenue 21,435  23,406  30,391  20,322  12,399  16,192 
Profitability Ratio
Operating profit margin1 14.01% 31.51% 49.34% 28.88% 1.35% 18.52%
Benchmarks
Operating Profit Margin, Competitors2
Advanced Micro Devices Inc. 9.37% 6.97% 3.83% -8.71% -12.05%
Analog Devices Inc. 26.74% 28.55% 30.35% 20.66% 30.05% 24.19%
Apple Inc. 24.15% 24.57% 26.69% 26.76% 27.84% 30.48%
Applied Materials Inc. 25.37% 22.93% 27.80% 26.61% 19.88% 17.53%
Broadcom Inc. 16.80% 15.24% 24.63% 13.51% -3.09% 23.92%
Cisco Systems Inc. 27.63% 27.39% 24.95% 24.94% 25.71% 21.91%
Intel Corp. 30.62% 32.91% 28.58% 21.68% 25.29%
Lam Research Corp. 26.62% 25.53% 29.01% 23.74% 18.25% 14.98%
NVIDIA Corp. 26.07% 32.47% 33.05% 27.99% 14.91% 16.21%
Qualcomm Inc. 26.58% 31.59% 3.26% 11.73% 27.57% 22.85%
Texas Instruments Inc. 39.79% 42.53% 40.66% 35.89% 32.88%
Operating Profit Margin, Sector
Technology Hardware & Equipment 26.35% 28.06% 25.74% 24.32% 26.79%
Operating Profit Margin, Industry
Technology 25.96% 27.06% 25.45% 24.51% 25.17%

Based on: 10-K (filing date: 2020-10-19), 10-K (filing date: 2019-10-17), 10-K (filing date: 2018-10-15), 10-K (filing date: 2017-10-26), 10-K (filing date: 2016-10-28), 10-K (filing date: 2015-10-27).

1 2020 Calculation
Operating profit margin = 100 × Operating income ÷ Revenue
= 100 × 3,003 ÷ 21,435 = 14.01%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Micron Technology Inc.’s operating profit margin ratio deteriorated from 2018 to 2019 and from 2019 to 2020.

Net Profit Margin

Micron Technology Inc., net profit margin calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Sep 3, 2020 Aug 29, 2019 Aug 30, 2018 Aug 31, 2017 Sep 1, 2016 Sep 3, 2015
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Micron 2,687  6,313  14,135  5,089  (276) 2,899 
Revenue 21,435  23,406  30,391  20,322  12,399  16,192 
Profitability Ratio
Net profit margin1 12.54% 26.97% 46.51% 25.04% -2.23% 17.90%
Benchmarks
Net Profit Margin, Competitors2
Advanced Micro Devices Inc. 5.07% 5.20% 0.81% -11.63% -16.54%
Analog Devices Inc. 21.79% 22.75% 24.12% 14.24% 25.18% 20.29%
Apple Inc. 20.91% 21.24% 22.41% 21.09% 21.19% 22.85%
Applied Materials Inc. 21.04% 18.52% 19.20% 23.62% 15.90% 14.26%
Broadcom Inc. 12.39% 12.05% 58.80% 9.59% -13.13% 19.99%
Cisco Systems Inc. 22.75% 22.39% 0.22% 20.02% 21.81% 18.27%
Intel Corp. 29.25% 29.72% 15.30% 17.37% 20.63%
Lam Research Corp. 22.42% 22.70% 21.49% 21.19% 15.53% 12.47%
NVIDIA Corp. 25.61% 35.34% 31.37% 24.11% 12.26% 13.47%
Qualcomm Inc. 22.09% 18.07% -21.40% 11.06% 24.22% 20.85%
Texas Instruments Inc. 34.88% 35.35% 24.61% 26.89% 22.97%
Net Profit Margin, Sector
Technology Hardware & Equipment 22.63% 22.49% 19.35% 18.65% 20.87%
Net Profit Margin, Industry
Technology 22.90% 20.81% 18.50% 19.30% 19.31%

Based on: 10-K (filing date: 2020-10-19), 10-K (filing date: 2019-10-17), 10-K (filing date: 2018-10-15), 10-K (filing date: 2017-10-26), 10-K (filing date: 2016-10-28), 10-K (filing date: 2015-10-27).

1 2020 Calculation
Net profit margin = 100 × Net income (loss) attributable to Micron ÷ Revenue
= 100 × 2,687 ÷ 21,435 = 12.54%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Micron Technology Inc.’s net profit margin ratio deteriorated from 2018 to 2019 and from 2019 to 2020.

Return on Equity (ROE)

Micron Technology Inc., ROE calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Sep 3, 2020 Aug 29, 2019 Aug 30, 2018 Aug 31, 2017 Sep 1, 2016 Sep 3, 2015
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Micron 2,687  6,313  14,135  5,089  (276) 2,899 
Total Micron shareholders’ equity 38,996  35,881  32,294  18,621  12,080  12,302 
Profitability Ratio
ROE1 6.89% 17.59% 43.77% 27.33% -2.28% 23.57%
Benchmarks
ROE, Competitors2
Advanced Micro Devices Inc. 12.06% 26.62% 7.04% -119.47%
Analog Devices Inc. 10.17% 11.64% 13.61% 7.16% 16.68% 13.74%
Apple Inc. 87.87% 61.06% 55.56% 36.07% 35.62% 44.74%
Applied Materials Inc. 34.21% 32.94% 48.44% 36.73% 23.85% 18.09%
Broadcom Inc. 12.40% 10.92% 45.99% 8.34% -9.20% 28.94%
Cisco Systems Inc. 29.57% 34.62% 0.25% 14.53% 16.89% 15.04%
Intel Corp. 27.16% 28.24% 13.91% 15.58% 18.70%
Lam Research Corp. 43.53% 46.89% 36.62% 24.90% 15.51% 12.85%
NVIDIA Corp. 22.91% 44.33% 40.78% 28.91% 13.74% 14.27%
Qualcomm Inc. 85.54% 89.35% -524.14% 8.02% 17.95% 16.78%
Texas Instruments Inc. 56.33% 62.04% 35.62% 34.33% 30.02%
ROE, Sector
Technology Hardware & Equipment 37.42% 36.22% 23.06% 21.90% 27.79%
ROE, Industry
Technology 29.77% 26.95% 20.11% 20.72% 22.51%

Based on: 10-K (filing date: 2020-10-19), 10-K (filing date: 2019-10-17), 10-K (filing date: 2018-10-15), 10-K (filing date: 2017-10-26), 10-K (filing date: 2016-10-28), 10-K (filing date: 2015-10-27).

1 2020 Calculation
ROE = 100 × Net income (loss) attributable to Micron ÷ Total Micron shareholders’ equity
= 100 × 2,687 ÷ 38,996 = 6.89%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Micron Technology Inc.’s ROE deteriorated from 2018 to 2019 and from 2019 to 2020.

Return on Assets (ROA)

Micron Technology Inc., ROA calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Sep 3, 2020 Aug 29, 2019 Aug 30, 2018 Aug 31, 2017 Sep 1, 2016 Sep 3, 2015
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Micron 2,687  6,313  14,135  5,089  (276) 2,899 
Total assets 53,678  48,887  43,376  35,336  27,540  24,143 
Profitability Ratio
ROA1 5.01% 12.91% 32.59% 14.40% -1.00% 12.01%
Benchmarks
ROA, Competitors2
Advanced Micro Devices Inc. 5.66% 7.40% 1.21% -14.97% -21.23%
Analog Devices Inc. 5.69% 6.37% 7.31% 3.44% 10.81% 9.87%
Apple Inc. 17.73% 16.32% 16.28% 12.88% 14.20% 18.38%
Applied Materials Inc. 16.19% 14.22% 18.64% 17.68% 11.80% 9.00%
Broadcom Inc. 3.90% 4.04% 24.46% 3.11% -3.48% 12.88%
Cisco Systems Inc. 11.82% 11.88% 0.10% 7.40% 8.83% 7.91%
Intel Corp. 15.42% 16.45% 7.79% 9.10% 11.08%
Lam Research Corp. 15.47% 18.26% 19.08% 14.00% 7.45% 7.00%
NVIDIA Corp. 16.15% 31.15% 27.11% 16.93% 8.33% 8.76%
Qualcomm Inc. 14.60% 13.31% -14.88% 3.77% 10.90% 10.38%
Texas Instruments Inc. 27.84% 32.56% 20.87% 21.88% 18.40%
ROA, Sector
Technology Hardware & Equipment 14.42% 14.57% 10.15% 10.37% 13.68%
ROA, Industry
Technology 12.84% 11.88% 9.15% 10.14% 11.33%

Based on: 10-K (filing date: 2020-10-19), 10-K (filing date: 2019-10-17), 10-K (filing date: 2018-10-15), 10-K (filing date: 2017-10-26), 10-K (filing date: 2016-10-28), 10-K (filing date: 2015-10-27).

1 2020 Calculation
ROA = 100 × Net income (loss) attributable to Micron ÷ Total assets
= 100 × 2,687 ÷ 53,678 = 5.01%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets. Micron Technology Inc.’s ROA deteriorated from 2018 to 2019 and from 2019 to 2020.