Micron Technology Financial Ratios
NASDAQ: MUTechnologySemiconductorsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Micron Technology ratio analysis
Micron Technology earned a net margin of 63.8% in FY 2026, up from 22.8% a year earlier. Gross margin was 80.7% compared with a median of 39.8% over the prior 9 years. Return on equity reached 61.4%, meaning Micron Technology generated 0.61 dollars of profit for every dollar of shareholders' equity, an unusually high figure that often reflects a small equity base after share buybacks.
Debt-to-equity stood at 0.04 versus 0.27 the year before, and the current ratio was 3.31. At the end of FY 2026, MU traded at 13.7 times earnings; across the 9 fiscal years shown, its year-end P/E ranged from 4.6 to 137.5, with a median of 13.7. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
Micron Technology financial ratios (annual)
| Ratio | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 13.68 | 15.68 | 137.49 | — | 7.27 | 14.36 | 19.61 | 8.22 | 4.56 | 7.39 |
| Price / sales | 8.60 | 3.55 | 4.24 | 4.95 | 2.04 | 2.98 | 2.41 | 2.15 | 1.99 | 1.75 |
| Price / book | 8.28 | 2.45 | 2.36 | 1.74 | 1.26 | 1.88 | 1.32 | 1.41 | 1.87 | 1.91 |
| Gross margin | 80.7% | 39.8% | 22.4% | -9.1% | 45.2% | 37.6% | 30.6% | 45.7% | 58.9% | 41.5% |
| Operating margin | 74.6% | 26.1% | 5.2% | -37.0% | 31.5% | 22.7% | 14.0% | 31.5% | 49.3% | 28.9% |
| Net margin | 63.8% | 22.8% | 3.1% | -37.5% | 28.2% | 21.2% | 12.5% | 27.0% | 46.5% | 25.0% |
| Free cash flow margin | 44.3% | 4.5% | 0.5% | -39.4% | 10.1% | 8.8% | 0.4% | 14.6% | 28.0% | 16.8% |
| Return on equity (ROE) | 61.4% | 15.8% | 1.7% | -13.2% | 17.4% | 13.3% | 6.9% | 17.6% | 43.8% | 27.3% |
| Return on assets (ROA) | 43.4% | 10.3% | 1.1% | -9.1% | 13.1% | 10.0% | 5.0% | 12.9% | 32.6% | 14.4% |
| Debt / equity | 0.04 | 0.27 | 0.30 | 0.30 | 0.14 | 0.15 | 0.17 | 0.16 | 0.14 | 0.60 |
| Current ratio | 3.31 | 2.52 | 2.64 | 4.46 | 2.89 | 3.10 | 2.71 | 2.58 | 2.79 | 2.34 |
| Revenue growth | 256.3% | 48.9% | 61.6% | -49.5% | 11.0% | 29.3% | -8.4% | -23.0% | 49.5% | 63.9% |
| EPS growth | 879.3% | 984.3% | — | -168.9% | 50.8% | 116.9% | -57.0% | -52.1% | 161.0% | — |