Micron Technology (MU) Financials

$96.25 -0.13 (-0.13%)

As of 11:20 AM Eastern

Annual Income Statements for Micron Technology

This table shows Micron Technology's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	8/29/2024	8/31/2023	9/1/2022	9/2/2021	9/3/2020	8/29/2019	8/30/2018	8/31/2017	9/1/2016	9/3/2015
Net Income / (Loss) Attributable to Common Shareholders	778	-5,833	8,687	5,861	2,687	6,313	14,135	5,089	-276	2,899
Consolidated Net Income / (Loss)	778	-5,833	8,687	5,861	2,710	6,358	14,138	5,090	-275	2,899
Net Income / (Loss) Continuing Operations	778	-5,833	8,687	5,861	2,710	6,358	14,138	5,090	-275	2,899
Total Pre-Tax Income	1,240	-5,658	9,571	6,218	2,983	7,048	14,307	5,196	-281	2,609
Total Operating Income	1,304	-5,745	9,702	6,283	3,003	7,376	14,994	5,868	168	2,998
Total Gross Profit	5,613	-1,416	13,898	10,423	6,552	10,702	17,891	8,436	2,505	5,215
Total Revenue	25,111	15,540	30,758	27,705	21,435	23,406	30,391	20,322	12,399	16,192
Operating Revenue	25,111	15,540	30,758	27,705	21,435	23,406	30,391	20,322	12,399	16,192
Total Cost of Revenue	19,498	16,956	16,860	17,282	14,883	12,704	12,500	11,886	9,894	10,977
Operating Cost of Revenue	19,498	16,956	16,860	17,282	14,883	12,704	12,500	11,886	9,894	10,977
Total Operating Expenses	4,309	4,329	4,196	4,140	3,549	3,326	2,897	2,568	2,337	2,217
Selling, General & Admin Expense	1,129	920	1,066	894	881	836	813	743	659	719
Research & Development Expense	3,430	3,114	3,116	2,663	2,600	2,441	2,141	1,824	1,617	1,540
Other Operating Expenses / (Income)	-251	124	-34	95	8.00	78	-57	1.00	61	-45
Restructuring Charge	1.00	171	48	488	60	-29	-	-	-	3.00
Total Other Income / (Expense), net	-64	87	-131	-65	-20	-328	-687	-672	-449	-389
Interest Expense	562	388	189	183	194	128	342	601	437	371
Interest & Investment Income	529	468	96	37	114	205	120	41	42	35
Other Income / (Expense), net	-31	7.00	-38	81	60	-405	-465	-112	-54	-53
Income Tax Expense	451	177	888	394	280	693	168	114	19	157
Other Gains / (Losses), net	-11	2.00	4.00	37	7.00	3.00	-1.00	8.00	25	447
Basic Earnings per Share	$0.70	($5.34)	$7.81	$5.23	$2.42	$5.67	$12.27	$4.67	($0.27)	$2.71
Weighted Average Basic Shares Outstanding	1.11B	1.09B	1.11B	1.12B	1.11B	1.11B	1.15B	1.09B	1.04B	1.07B
Diluted Earnings per Share	$0.70	($5.34)	$7.75	$5.14	$2.37	$5.51	$11.51	$4.41	($0.27)	$2.47
Weighted Average Diluted Shares Outstanding	1.12B	1.09B	1.12B	1.14B	1.13B	1.14B	1.23B	1.15B	1.04B	1.17B
Weighted Average Basic & Diluted Shares Outstanding	1.11B	1.10B	1.09B	1.12B	1.11B	1.11B	1.15B	1.09B	1.02B	1.07B
Cash Dividends to Common per Share	$0.46	$0.46	$0.32	$0.10	-	-	-	-	-	-

This table shows Micron Technology's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	2/27/2025	11/28/2024	8/29/2024	5/30/2024	2/29/2024	11/30/2023	8/31/2023	6/1/2023	3/2/2023	12/1/2022	9/1/2022
Net Income / (Loss) Attributable to Common Shareholders	1,583	1,870	887	332	793	-1,234	-1,430	-1,896	-2,312	-195	1,492
Consolidated Net Income / (Loss)	1,583	1,870	887	332	793	-1,234	-1,430	-1,896	-2,312	-195	1,492
Net Income / (Loss) Continuing Operations	1,583	1,870	887	332	793	-1,234	-1,430	-1,896	-2,312	-195	1,492
Total Pre-Tax Income	1,758	2,152	1,510	715	170	-1,155	-1,458	-1,753	-2,271	-176	1,553
Total Operating Income	1,773	2,174	1,522	719	191	-1,128	-1,472	-1,761	-2,303	-209	1,521
Total Gross Profit	2,963	3,348	2,737	1,832	1,079	-35	-435	-668	-1,206	893	2,622
Total Revenue	8,053	8,709	7,750	6,811	5,824	4,726	4,010	3,752	3,693	4,085	6,643
Operating Revenue	8,053	8,709	7,750	6,811	5,824	4,726	4,010	3,752	3,693	4,085	6,643
Total Cost of Revenue	5,090	5,361	5,013	4,979	4,745	4,761	4,445	4,420	4,899	3,192	4,021
Operating Cost of Revenue	5,090	5,361	5,013	4,979	4,745	4,761	4,445	4,420	4,899	3,192	4,021
Total Operating Expenses	1,190	1,174	1,215	1,113	888	1,093	1,037	1,093	1,097	1,102	1,101
Selling, General & Admin Expense	285	288	295	291	280	263	219	219	231	251	280
Research & Development Expense	898	888	903	850	832	845	719	758	788	849	839
Other Operating Expenses / (Income)	7.00	-2.00	16	-28	-224	-15	95	48	-8.00	-11	-23
Total Other Income / (Expense), net	-15	-22	-12	-4.00	-21	-27	14	8.00	32	33	32
Interest Expense	112	118	136	150	144	132	129	119	89	51	45
Interest & Investment Income	108	107	131	136	130	132	134	127	119	88	54
Other Income / (Expense), net	-11	-11	-7.00	10	-7.00	-27	9.00	0.00	2.00	-4.00	23
Income Tax Expense	177	283	623	377	-622	73	-24	139	54	8.00	56
Other Gains / (Losses), net	2.00	1.00	-	-6.00	1.00	-6.00	4.00	-4.00	13	-11	-5.00
Basic Earnings per Share	$1.42	$1.68	$0.80	$0.30	$0.72	($1.12)	($1.31)	($1.73)	($2.12)	($0.18)	$1.37
Weighted Average Basic Shares Outstanding	1.12B	1.11B	1.11B	1.11B	1.10B	1.10B	1.09B	1.09B	1.09B	1.09B	1.11B
Diluted Earnings per Share	$1.41	$1.67	$0.81	$0.30	$0.71	($1.12)	($1.31)	($1.73)	($2.12)	($0.18)	$1.37
Weighted Average Diluted Shares Outstanding	1.12B	1.12B	1.12B	1.12B	1.11B	1.10B	1.09B	1.09B	1.09B	1.09B	1.12B
Weighted Average Basic & Diluted Shares Outstanding	1.12B	1.11B	1.11B	1.11B	1.11B	1.10B	1.10B	1.10B	1.09B	1.09B	1.09B
Cash Dividends to Common per Share	$0.12	$0.12	-	$0.12	$0.12	$0.12	-	$0.12	$0.12	$0.12	-

This table details how cash moves in and out of Micron Technology's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	8/29/2024	8/31/2023	9/1/2022	9/2/2021	9/3/2020	8/29/2019	8/30/2018	8/31/2017	9/1/2016	9/3/2015
Net Change in Cash & Equivalents	-1,604	317	510	139	411	692	1,408	965	1,888	-1,859
Net Cash From Operating Activities	8,507	1,559	15,181	12,468	8,306	13,189	17,400	8,153	3,168	5,208
Net Cash From Continuing Operating Activities	8,507	1,559	15,181	12,468	8,306	13,189	17,400	8,153	3,168	5,208
Net Income / (Loss) Continuing Operations	778	-5,833	8,687	5,861	2,710	6,358	14,138	5,090	-275	2,899
Consolidated Net Income / (Loss)	778	-5,833	8,687	5,861	2,710	6,358	14,138	5,090	-275	2,899
Depreciation Expense	7,780	7,756	7,116	6,214	5,650	5,424	4,759	3,861	2,980	2,667
Non-Cash Adjustments To Reconcile Net Income	833	2,528	514	833	328	542	583	-118	195	-230
Changes in Operating Assets and Liabilities, net	-884	-2,892	-1,136	-440	-382	816	-2,181	-805	142	-266
Net Cash From Investing Activities	-8,309	-6,191	-11,585	-10,589	-7,589	-10,085	-8,216	-7,537	-3,044	-6,216
Net Cash From Continuing Investing Activities	-8,309	-6,191	-11,585	-10,589	-7,589	-10,085	-8,216	-7,537	-3,044	-6,216
Purchase of Property, Plant & Equipment	-8,386	-7,676	-12,067	-10,030	-8,223	-9,780	-8,879	-4,734	-5,817	-4,021
Purchase of Investments	-1,999	-723	-1,770	-3,163	-1,857	-4,218	-760	-1,239	-1,178	-4,524
Sale of Property, Plant & Equipment	0.00	0.00	888	0.00	0.00	-	-	-	-	-
Sale and/or Maturity of Investments	1,794	1,591	1,615	2,106	2,272	3,045	924	970	3,690	2,248
Other Investing Activities, net	282	617	-251	498	219	868	499	100	261	81
Net Cash From Financing Activities	-1,842	4,983	-2,980	-1,781	-317	-2,438	-7,776	349	1,745	-718
Net Cash From Continuing Financing Activities	-1,842	4,983	-2,980	-1,781	-317	-2,438	-7,776	349	1,745	-718
Repayment of Debt	-1,879	-666	-1,946	-1,474	-4,259	-3,340	-10,194	-2,558	-1,221	-2,316
Repurchase of Common Equity	-300	-425	-2,432	-1,200	-176	-2,729	-71	-36	-	-884
Payment of Dividends	-513	-504	-461	0.00	-744	0.00	0.00	-	-	-
Issuance of Debt	999	6,716	2,000	1,188	5,000	3,706	1,040	3,320	2,199	2,212
Other Financing Activities, net	-149	-138	-141	-295	-138	-75	-206	-519	719	270
Other Net Changes in Cash	40	-	-	-	-	-	-	-	-	-
Cash Interest Paid	503	323	154	171	165	53	312	468	267	226
Cash Income Taxes Paid	338	532	493	361	167	524	226	99	90	63

This table details how cash moves in and out of Micron Technology's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	2/27/2025	11/28/2024	8/29/2024	5/30/2024	2/29/2024	11/30/2023	8/31/2023	6/1/2023	3/2/2023	12/1/2022	9/1/2022
Net Change in Cash & Equivalents	866	-355	-612	-437	-45	-510	-714	-517	245	1,303	-922
Net Cash From Operating Activities	3,942	3,244	3,405	2,482	1,219	1,401	249	24	343	943	3,777
Net Cash From Continuing Operating Activities	3,942	3,244	3,405	2,482	1,219	1,401	249	24	343	943	3,777
Net Income / (Loss) Continuing Operations	1,583	1,870	887	332	793	-1,234	-1,430	-1,896	-2,312	-195	1,492
Consolidated Net Income / (Loss)	1,583	1,870	887	332	793	-1,234	-1,430	-1,896	-2,312	-195	1,492
Depreciation Expense	2,079	2,030	1,986	1,955	1,924	1,915	1,937	1,956	1,942	1,921	1,882
Non-Cash Adjustments To Reconcile Net Income	249	220	213	219	213	188	249	546	1,587	146	53
Changes in Operating Assets and Liabilities, net	31	-876	319	-24	-1,711	532	-507	-582	-874	-929	350
Net Cash From Investing Activities	-3,152	-3,148	-3,598	-2,002	-1,151	-1,558	-830	-1,180	-1,915	-2,266	-3,824
Net Cash From Continuing Investing Activities	-3,152	-3,148	-3,598	-2,002	-1,151	-1,558	-830	-1,180	-1,915	-2,266	-3,824
Purchase of Property, Plant & Equipment	-4,055	-3,206	-3,120	-2,086	-1,384	-1,796	-1,461	-1,561	-2,205	-2,449	-3,613
Purchase of Investments	-439	-377	-889	-645	-266	-199	-227	-203	-203	-90	-411
Sale and/or Maturity of Investments	446	428	361	707	352	374	399	419	411	362	393
Other Investing Activities, net	896	7.00	50	22	147	63	459	165	82	-89	-193
Net Cash From Financing Activities	96	-422	-474	-910	-106	-352	-112	661	1,802	2,632	-840
Net Cash From Continuing Financing Activities	96	-422	-474	-910	-106	-352	-112	661	1,802	2,632	-840
Repayment of Debt	-2,456	-291	-23	-737	-952	-167	40	-672	85	-119	79
Payment of Dividends	-130	-131	-129	-128	-127	-129	-126	-126	-126	-126	-126
Effect of Exchange Rate Changes	-20	-29	-	-7.00	-7.00	-1.00	-21	-22	15	-6.00	-35

This table presents Micron Technology's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	8/29/2024	8/31/2023	9/1/2022	9/2/2021	9/3/2020	8/29/2019	8/30/2018	8/31/2017	9/1/2016	9/3/2015
Total Assets	69,416	64,254	66,283	58,849	53,678	48,887	43,376	35,336	27,540	24,143
Total Current Assets	24,372	21,244	21,781	19,907	17,965	16,503	16,039	12,457	9,495	8,596
Cash & Equivalents	7,041	8,577	8,262	7,763	7,624	7,152	6,506	5,109	4,140	2,287
Short-Term Investments	1,065	1,017	1,069	870	518	803	296	319	258	1,234
Accounts Receivable	6,615	2,443	5,130	5,311	3,912	3,195	5,478	3,759	2,068	2,507
Inventories, net	8,875	8,387	6,663	4,487	5,373	5,118	3,595	3,123	2,889	2,340
Other Current Assets	776	820	657	502	538	235	164	147	140	228
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	23,672	19,431	14,686	10,554
Total Noncurrent Assets	45,044	43,010	44,502	38,942	35,713	32,384	3,665	3,448	3,359	4,993
Long-Term Investments	1,046	844	1,647	1,765	1,048	1,164	473	617	1,778	3,492
Goodwill	1,150	1,150	1,228	1,228	1,228	1,228	1,228	1,228	104	-
Intangible Assets	416	404	421	349	334	340	331	387	464	449
Noncurrent Deferred & Refundable Income Taxes	520	756	702	782	707	837	1,022	766	657	597
Other Noncurrent Operating Assets	41,912	39,856	40,504	34,818	32,396	28,815	611	450	356	455
Total Liabilities & Shareholders' Equity	69,416	64,254	66,283	58,849	53,678	48,887	43,376	35,336	27,540	24,143
Total Liabilities	24,285	20,134	16,376	14,916	14,682	12,019	10,112	15,845	14,612	10,855
Total Current Liabilities	9,248	4,765	7,539	6,424	6,635	6,390	5,754	5,334	4,835	3,905
Short-Term Debt	431	278	103	155	270	1,310	859	1,262	756	1,089
Accounts Payable	7,299	3,958	6,090	5,325	5,817	4,626	4,374	3,664	3,879	2,611
Other Current Liabilities	1,518	529	1,346	944	548	454	521	-	-	-
Total Noncurrent Liabilities	15,037	15,369	8,837	8,492	8,047	5,629	4,358	10,511	9,777	6,950
Long-Term Debt	12,966	13,052	6,803	6,621	6,373	4,541	3,777	9,872	9,154	6,252
Other Noncurrent Operating Liabilities	2,071	2,317	2,034	1,871	1,674	1,088	581	639	623	698
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	45,131	44,120	49,907	43,933	38,996	36,770	33,164	19,470	12,928	13,239
Total Preferred & Common Equity	45,131	44,120	49,907	43,933	38,996	35,881	32,294	18,621	12,080	12,302
Total Common Equity	45,131	44,120	49,907	43,933	38,996	35,881	32,294	18,621	12,080	12,302
Common Stock	12,240	11,160	10,320	9,575	9,036	8,332	8,318	8,399	7,845	7,582
Retained Earnings	40,877	40,824	47,274	39,051	33,384	30,761	24,395	10,260	5,299	5,588
Treasury Stock	-7,852	-7,552	-	-4,695	-3,495	-3,221	-429	-67	-1,029	-881
Accumulated Other Comprehensive Income / (Loss)	-134	-312	-560	2.00	71	9.00	10	29	-35	13

This table presents Micron Technology's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	2/27/2025	11/28/2024	8/29/2024	5/30/2024	2/29/2024	11/30/2023	8/31/2023	6/1/2023	3/2/2023	12/1/2022	9/1/2022
Total Assets	73,053	71,461	69,416	66,255	65,718	63,776	64,254	65,680	66,520	67,874	66,283
Total Current Assets	24,689	24,493	24,372	23,319	23,435	21,058	21,244	21,734	21,898	22,921	21,781
Cash & Equivalents	7,552	6,693	7,041	7,594	8,016	8,075	8,577	9,298	9,798	9,574	8,262
Short-Term Investments	663	895	1,065	785	990	973	1,017	1,054	1,020	1,007	1,069
Accounts Receivable	6,504	7,423	6,615	5,131	4,296	2,943	2,443	2,429	2,278	3,318	5,130
Inventories, net	9,007	8,705	8,875	8,512	8,443	8,276	8,387	8,238	8,129	8,359	6,663
Other Current Assets	963	777	776	1,297	1,690	791	820	715	673	663	657
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	48,364	46,968	45,044	42,936	42,283	42,718	43,010	43,946	44,622	44,953	44,502
Long-Term Investments	1,375	1,156	1,046	775	627	720	844	973	1,212	1,426	1,647
Goodwill	1,150	1,150	1,150	1,150	1,150	1,150	1,150	1,252	1,228	1,228	1,228
Intangible Assets	423	419	416	413	414	416	404	410	410	428	421
Noncurrent Deferred & Refundable Income Taxes	552	474	520	597	664	781	756	708	697	672	702
Other Noncurrent Operating Assets	44,864	43,769	41,912	40,001	39,428	39,651	39,856	40,603	41,075	41,199	40,504
Total Liabilities & Shareholders' Equity	73,053	71,461	69,416	66,255	65,718	63,776	64,254	65,680	66,520	67,874	66,283
Total Liabilities	24,420	24,664	24,285	22,030	21,848	20,891	20,134	20,275	19,263	18,568	16,376
Total Current Liabilities	7,877	9,015	9,248	6,840	6,259	5,962	4,765	5,104	5,255	6,525	7,539
Short-Term Debt	504	533	431	398	344	908	278	259	237	171	103
Accounts Payable	6,176	7,126	7,299	5,145	4,680	3,946	3,958	4,177	4,310	5,438	6,090
Other Current Liabilities	1,197	1,356	1,518	1,297	1,235	1,108	529	668	708	916	1,346
Total Noncurrent Liabilities	16,543	15,649	15,037	15,190	15,589	14,929	15,369	15,171	14,008	12,043	8,837
Long-Term Debt	13,851	13,252	12,966	12,860	13,378	12,597	13,052	12,986	12,037	10,094	6,803
Other Noncurrent Operating Liabilities	2,692	2,397	2,071	2,330	2,211	2,332	2,317	2,185	1,971	1,949	2,034
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	48,633	46,797	45,131	44,225	43,870	42,885	44,120	45,405	47,257	49,306	49,907
Total Preferred & Common Equity	48,633	46,797	45,131	44,225	43,870	42,885	44,120	45,405	47,257	49,306	49,907
Total Common Equity	48,633	46,797	45,131	44,225	43,870	42,885	44,120	45,405	47,257	49,306	49,907
Common Stock	12,837	12,443	12,240	11,919	11,689	11,341	11,160	10,906	10,756	10,458	10,320
Retained Earnings	43,839	42,427	40,877	40,169	39,997	39,356	40,824	42,391	44,426	46,873	47,274
Treasury Stock	-7,852	-7,852	-7,852	-7,552	-7,552	-7,552	-7,552	-7,552	-	-7,552	-
Accumulated Other Comprehensive Income / (Loss)	-191	-221	-134	-311	-264	-260	-312	-340	-373	-473	-560

This table displays calculated financial ratios and metrics derived from Micron Technology's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	8/29/2024	8/31/2023	9/1/2022	9/2/2021	9/3/2020	8/29/2019	8/30/2018	8/31/2017	9/1/2016	9/3/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	61.59%	-49.48%	11.02%	29.25%	-8.42%	-22.98%	49.55%	63.90%	-23.43%	-1.01%
EBITDA Growth	348.61%	-87.97%	33.41%	44.36%	-29.98%	-35.82%	99.02%	202.55%	-44.00%	7.84%
EBIT Growth	122.19%	-159.38%	51.85%	107.77%	-56.06%	-52.02%	152.41%	4,949.12%	-96.13%	-3.82%
NOPAT Growth	120.63%	-145.69%	49.57%	116.27%	-59.09%	-55.12%	158.19%	4,780.32%	-95.83%	-4.24%
Net Income Growth	113.34%	-167.15%	48.22%	116.27%	-57.38%	-55.03%	177.76%	1,950.91%	-109.49%	-5.85%
EPS Growth	113.11%	-168.90%	50.78%	116.88%	-56.99%	-52.13%	161.00%	1,733.33%	-110.93%	-2.76%
Operating Cash Flow Growth	445.67%	-89.73%	21.76%	50.11%	-37.02%	-24.20%	113.42%	157.35%	-39.17%	-7.74%
Free Cash Flow Firm Growth	70.49%	-325.64%	-23.13%	2,443.56%	-103.48%	-58.10%	502.66%	25.60%	-387.50%	-61.07%
Invested Capital Growth	5.03%	2.57%	16.52%	7.92%	8.48%	9.71%	24.59%	47.52%	22.37%	15.22%
Revenue Q/Q Growth	17.50%	-14.49%	-5.04%	8.70%	5.86%	-13.23%	8.20%	16.79%	-3.00%	-3.73%
EBITDA Q/Q Growth	50.23%	-59.40%	-6.51%	17.42%	8.01%	-22.47%	12.27%	41.29%	435.77%	63.07%
EBIT Q/Q Growth	174.66%	-110.11%	-12.89%	39.81%	20.69%	-34.83%	15.13%	76.51%	-81.03%	-16.48%
NOPAT Q/Q Growth	170.14%	-108.76%	-12.47%	40.80%	19.22%	-36.29%	13.89%	83.24%	-84.61%	-13.34%
Net Income Q/Q Growth	150.55%	-100.38%	-12.39%	41.88%	17.52%	-37.04%	16.07%	99.53%	-175.14%	-19.00%
EPS Q/Q Growth	149.30%	-100.75%	-11.53%	41.60%	16.18%	-35.33%	14.64%	103.23%	-184.38%	-17.39%
Operating Cash Flow Q/Q Growth	58.98%	-69.35%	-0.70%	14.86%	0.46%	-18.14%	12.64%	39.46%	-57.14%	232.57%
Free Cash Flow Firm Q/Q Growth	29.85%	-6.19%	-53.23%	828.72%	-150.06%	-42.62%	15.80%	57.20%	-13.17%	-44.29%
Invested Capital Q/Q Growth	2.17%	-0.66%	3.33%	0.28%	3.05%	0.77%	4.49%	2.96%	6.45%	10.70%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	22.35%	-9.11%	45.19%	37.62%	30.57%	45.72%	58.87%	41.51%	20.20%	32.21%
EBITDA Margin	36.05%	12.99%	54.55%	45.40%	40.65%	53.17%	63.80%	47.94%	25.97%	35.51%
Operating Margin	5.19%	-36.97%	31.54%	22.68%	14.01%	31.51%	49.34%	28.88%	1.35%	18.52%
EBIT Margin	5.07%	-36.92%	31.42%	22.97%	14.29%	29.78%	47.81%	28.32%	0.92%	18.19%
Profit (Net Income) Margin	3.10%	-37.54%	28.24%	21.16%	12.64%	27.16%	46.52%	25.05%	-2.22%	17.90%
Tax Burden Percent	62.74%	103.09%	90.76%	94.26%	90.85%	90.21%	98.82%	97.96%	97.86%	111.12%
Interest Burden Percent	97.41%	98.61%	99.04%	97.71%	97.39%	101.10%	98.47%	90.27%	-246.49%	88.59%
Effective Tax Rate	36.37%	0.00%	9.28%	6.34%	9.39%	9.83%	1.17%	2.19%	0.00%	6.02%
Return on Invested Capital (ROIC)	1.72%	-8.66%	20.67%	15.53%	7.77%	20.71%	53.68%	27.83%	0.78%	22.16%
ROIC Less NNEP Spread (ROIC-NNEP)	0.27%	298.37%	23.32%	16.20%	8.15%	30.62%	-1.82%	13.11%	-18.55%	53.77%
Return on Net Nonoperating Assets (RNNOA)	0.02%	-3.74%	-2.15%	-1.40%	-0.62%	-2.58%	-0.08%	3.57%	-2.87%	1.11%
Return on Equity (ROE)	1.74%	-12.41%	18.51%	14.14%	7.14%	18.13%	53.60%	31.40%	-2.10%	23.27%
Cash Return on Invested Capital (CROIC)	-3.18%	-11.20%	5.41%	7.91%	-0.37%	11.45%	31.78%	-10.57%	-19.34%	8.01%
Operating Return on Assets (OROA)	1.90%	-8.79%	15.45%	11.31%	5.97%	15.11%	36.92%	18.31%	0.44%	12.65%
Return on Assets (ROA)	1.16%	-8.94%	13.88%	10.42%	5.28%	13.78%	35.92%	16.19%	-1.06%	12.45%
Return on Common Equity (ROCE)	1.74%	-12.41%	18.51%	14.14%	7.05%	17.63%	51.73%	29.74%	-1.95%	21.54%
Return on Equity Simple (ROE_SIMPLE)	1.72%	-13.22%	17.41%	13.34%	6.95%	17.72%	43.78%	27.33%	-2.28%	23.57%
Net Operating Profit after Tax (NOPAT)	830	-4,022	8,802	5,885	2,721	6,651	14,818	5,739	118	2,818
NOPAT Margin	3.30%	-25.88%	28.62%	21.24%	12.69%	28.41%	48.76%	28.24%	0.95%	17.40%
Net Nonoperating Expense Percent (NNEP)	1.45%	-307.03%	-2.65%	-0.67%	-0.38%	-9.91%	55.50%	14.72%	19.33%	-31.62%
Cost of Revenue to Revenue	77.65%	109.11%	54.82%	62.38%	69.43%	54.28%	41.13%	58.49%	79.80%	67.79%
SG&A Expenses to Revenue	4.50%	5.92%	3.47%	3.23%	4.11%	3.57%	2.68%	3.66%	5.31%	4.44%
R&D to Revenue	13.66%	20.04%	10.13%	9.61%	12.13%	10.43%	7.04%	8.98%	13.04%	9.51%
Operating Expenses to Revenue	17.16%	27.86%	13.64%	14.94%	16.56%	14.21%	9.53%	12.64%	18.85%	13.69%
Earnings before Interest and Taxes (EBIT)	1,273	-5,738	9,664	6,364	3,063	6,971	14,529	5,756	114	2,945
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	9,053	2,018	16,780	12,578	8,713	12,444	19,389	9,742	3,220	5,750
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.35	1.73	1.25	1.86	1.30	1.35	1.86	1.88	1.40	1.43
Price to Tangible Book Value (P/TBV)	2.43	1.79	1.29	1.93	1.35	1.41	1.95	2.06	1.47	1.49
Price to Revenue (P/Rev)	4.22	4.91	2.03	2.95	2.36	2.07	1.98	1.72	1.37	1.09
Price to Earnings (P/E)	136.21	0.00	7.18	13.95	18.80	7.66	4.25	6.87	0.00	6.08
Dividend Yield	0.48%	0.66%	0.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.73%	0.00%	13.92%	7.17%	5.32%	13.05%	23.54%	14.56%	0.00%	16.44%
Enterprise Value to Invested Capital (EV/IC)	2.23	1.68	1.27	1.99	1.32	1.37	1.91	1.66	1.29	1.39
Enterprise Value to Revenue (EV/Rev)	4.39	5.09	1.90	2.82	2.24	1.97	1.92	2.01	1.74	1.17
Enterprise Value to EBITDA (EV/EBITDA)	12.17	39.21	3.48	6.21	5.50	3.70	3.01	4.20	6.69	3.30
Enterprise Value to EBIT (EV/EBIT)	86.58	0.00	6.04	12.27	15.66	6.61	4.02	7.11	188.92	6.44
Enterprise Value to NOPAT (EV/NOPAT)	132.84	0.00	6.63	13.27	17.63	6.93	3.94	7.13	183.14	6.73
Enterprise Value to Operating Cash Flow (EV/OCF)	12.96	50.76	3.84	6.27	5.77	3.50	3.36	5.02	6.80	3.64
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	25.32	26.06	0.00	12.54	6.65	0.00	0.00	18.61
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.30	0.30	0.14	0.15	0.17	0.16	0.14	0.57	0.77	0.55
Long-Term Debt to Equity	0.29	0.30	0.14	0.15	0.16	0.12	0.11	0.51	0.71	0.47
Financial Leverage	0.08	-0.01	-0.09	-0.09	-0.08	-0.08	0.05	0.27	0.15	0.02
Leverage Ratio	1.50	1.39	1.33	1.36	1.35	1.32	1.49	1.94	1.97	1.87
Compound Leverage Factor	1.46	1.37	1.32	1.33	1.32	1.33	1.47	1.75	-4.86	1.66
Debt to Total Capital	22.89%	23.20%	12.16%	13.36%	14.56%	13.70%	12.23%	36.36%	43.39%	35.59%
Short-Term Debt to Total Capital	0.74%	0.48%	0.18%	0.31%	0.59%	3.07%	2.27%	4.12%	3.31%	5.28%
Long-Term Debt to Total Capital	22.15%	22.72%	11.97%	13.06%	13.96%	10.63%	9.97%	32.24%	40.08%	30.31%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	2.31%	2.56%	2.84%	3.71%	4.78%
Common Equity to Total Capital	77.11%	76.80%	87.84%	86.64%	85.44%	83.99%	85.21%	60.80%	52.89%	59.63%
Debt to EBITDA	1.48	6.61	0.41	0.54	0.76	0.47	0.24	1.14	3.08	1.28
Net Debt to EBITDA	0.47	1.43	-0.24	-0.29	-0.29	-0.26	-0.14	0.52	1.16	0.06
Long-Term Debt to EBITDA	1.43	6.47	0.41	0.53	0.73	0.36	0.19	1.01	2.84	1.09
Debt to NOPAT	16.15	-3.31	0.78	1.15	2.44	0.88	0.31	1.94	84.27	2.61
Net Debt to NOPAT	5.12	-0.72	-0.46	-0.62	-0.94	-0.49	-0.18	0.89	31.75	0.12
Long-Term Debt to NOPAT	15.63	-3.25	0.77	1.13	2.34	0.68	0.25	1.72	77.84	2.22
Altman Z-Score	4.13	3.42	4.49	5.32	3.78	4.49	6.44	3.08	1.63	2.61
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	1.30%	2.79%	3.49%	5.30%	7.00%	7.45%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.64	4.46	2.89	3.10	2.71	2.58	2.79	2.34	1.96	2.20
Quick Ratio	1.59	2.53	1.92	2.17	1.82	1.74	2.13	1.72	1.34	1.54
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,534	-5,199	2,304	2,997	-128	3,676	8,773	-2,179	-2,928	1,019
Operating Cash Flow to CapEx	101.44%	20.31%	135.80%	124.31%	101.01%	134.86%	195.97%	172.22%	54.46%	129.52%
Free Cash Flow to Firm to Interest Expense	-2.73	-13.40	12.19	16.38	-0.66	28.72	25.65	-3.63	-6.70	2.75
Operating Cash Flow to Interest Expense	15.14	4.02	80.32	68.13	42.81	103.04	50.88	13.57	7.25	14.04
Operating Cash Flow Less CapEx to Interest Expense	0.22	-15.77	21.17	13.32	0.43	26.63	24.92	5.69	-6.06	3.20
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.38	0.24	0.49	0.49	0.42	0.51	0.77	0.65	0.48	0.70
Accounts Receivable Turnover	5.54	4.10	5.89	6.01	6.03	5.40	6.58	6.98	5.42	5.98
Inventory Turnover	2.26	2.25	3.02	3.51	2.84	2.92	3.72	3.95	3.78	4.58
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	1.41	1.19	0.98	1.68
Accounts Payable Turnover	3.46	3.38	2.95	3.10	2.85	2.82	3.11	3.15	3.05	4.01
Days Sales Outstanding (DSO)	65.83	88.94	61.95	60.75	60.51	67.62	55.47	52.33	67.34	61.01
Days Inventory Outstanding (DIO)	161.57	161.99	120.69	104.12	128.64	125.17	98.08	92.31	96.45	79.72
Days Payable Outstanding (DPO)	105.36	108.15	123.56	117.66	128.06	129.29	117.35	115.82	119.71	91.03
Cash Conversion Cycle (CCC)	122.04	142.77	59.08	47.22	61.10	63.50	36.20	28.82	44.08	49.70
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	49,376	47,012	45,835	39,337	36,449	33,600	30,625	24,580	16,662	13,616
Invested Capital Turnover	0.52	0.33	0.72	0.73	0.61	0.73	1.10	0.99	0.82	1.27
Increase / (Decrease) in Invested Capital	2,364	1,177	6,498	2,888	2,849	2,975	6,045	7,918	3,046	1,799
Enterprise Value (EV)	110,217	79,127	58,325	78,112	47,961	46,102	58,376	40,909	21,537	18,952
Market Capitalization	105,972	76,235	62,397	81,734	50,508	48,383	60,045	34,950	16,955	17,638
Book Value per Share	$40.70	$40.28	$45.24	$39.03	$35.10	$32.51	$27.84	$16.71	$11.63	$11.35
Tangible Book Value per Share	$39.29	$38.86	$43.75	$37.62	$33.69	$31.09	$26.50	$15.26	$11.09	$10.94
Total Capital	58,528	57,450	56,813	50,709	45,639	42,719	37,900	30,625	22,838	20,629
Total Debt	13,397	13,330	6,906	6,776	6,643	5,851	4,636	11,134	9,910	7,341
Total Long-Term Debt	12,966	13,052	6,803	6,621	6,373	4,541	3,777	9,872	9,154	6,252
Net Debt	4,245	2,892	-4,072	-3,622	-2,547	-3,268	-2,639	5,089	3,734	328
Capital Expenditures (CapEx)	8,386	7,676	11,179	10,030	8,223	9,780	8,879	4,734	5,817	4,021
Debt-free, Cash-free Net Working Capital (DFCFNWC)	7,449	7,163	5,014	5,005	3,458	3,468	4,342	2,957	1,018	2,259
Debt-free Net Working Capital (DFNWC)	15,555	16,757	14,345	13,638	11,600	11,423	11,144	8,385	5,416	5,780
Net Working Capital (NWC)	15,124	16,479	14,242	13,483	11,330	10,113	10,285	7,123	4,660	4,691
Net Nonoperating Expense (NNE)	52	1,812	115	24	11	293	680	649	393	-81
Net Nonoperating Obligations (NNO)	4,245	2,892	-4,072	-4,596	-2,547	-3,268	-2,639	5,089	3,734	328
Total Depreciation and Amortization (D&A)	7,780	7,756	7,116	6,214	5,650	5,473	4,860	3,986	3,106	2,805
Debt-free, Cash-free Net Working Capital to Revenue	29.66%	46.09%	16.30%	18.07%	16.13%	14.82%	14.29%	14.55%	8.21%	13.95%
Debt-free Net Working Capital to Revenue	61.95%	107.83%	46.64%	49.23%	54.12%	48.80%	36.67%	41.26%	43.68%	35.70%
Net Working Capital to Revenue	60.23%	106.04%	46.30%	48.67%	52.86%	43.21%	33.84%	35.05%	37.58%	28.97%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.70	($5.34)	$7.81	$5.23	$2.42	$5.67	$12.27	$4.67	($0.27)	$2.71
Adjusted Weighted Average Basic Shares Outstanding	1.11B	1.09B	1.11B	1.12B	1.11B	1.11B	1.15B	1.09B	1.04B	1.07B
Adjusted Diluted Earnings per Share	$0.70	($5.34)	$7.75	$5.14	$2.37	$5.51	$11.51	$4.41	($0.27)	$2.47
Adjusted Weighted Average Diluted Shares Outstanding	1.12B	1.09B	1.12B	1.14B	1.13B	1.14B	1.23B	1.15B	1.04B	1.17B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.11B	1.10B	1.09B	1.12B	1.11B	1.11B	1.13B	1.15B	1.04B	1.09B
Normalized Net Operating Profit after Tax (NOPAT)	830	-3,902	8,845	6,342	2,775	6,625	14,818	5,739	118	2,820
Normalized NOPAT Margin	3.31%	-25.11%	28.76%	22.89%	12.95%	28.30%	48.76%	28.24%	0.95%	17.42%
Pre Tax Income Margin	4.94%	-36.41%	31.12%	22.44%	13.92%	30.11%	47.08%	25.57%	-2.27%	16.11%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.27	-14.79	51.13	34.78	15.79	54.46	42.48	9.58	0.26	7.94
NOPAT to Interest Expense	1.48	-10.36	46.57	32.16	14.03	51.96	43.33	9.55	0.27	7.59
EBIT Less CapEx to Interest Expense	-12.66	-34.57	-8.02	-20.03	-26.60	-21.95	16.52	1.70	-13.05	-2.90
NOPAT Less CapEx to Interest Expense	-13.45	-30.15	-12.58	-22.65	-28.36	-24.45	17.37	1.67	-13.04	-3.24
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	65.94%	-8.64%	5.31%	0.00%	27.45%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	104.50%	-15.93%	33.30%	20.47%	33.95%	42.92%	0.50%	0.71%	0.00%	30.49%

This table displays calculated financial ratios and metrics derived from Micron Technology's official financial filings.

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	2/27/2025	11/28/2024	8/29/2024	5/30/2024	2/29/2024	11/30/2023	8/31/2023	6/1/2023	3/2/2023	12/1/2022	9/1/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	38.27%	84.28%	93.27%	81.53%	57.70%	15.69%	-39.64%	-56.58%	-52.57%	-46.86%	-19.71%
EBITDA Growth	82.21%	451.71%	638.61%	1,276.41%	687.19%	-55.50%	-86.16%	-95.97%	-108.36%	-59.59%	-25.44%
EBIT Growth	857.61%	287.27%	203.55%	141.40%	108.00%	-442.25%	-194.75%	-158.47%	-190.16%	-108.33%	-48.08%
NOPAT Growth	79.19%	339.12%	186.77%	127.57%	155.20%	-439.71%	-170.28%	-146.62%	-170.48%	-106.09%	-46.17%
Net Income Growth	99.62%	251.54%	162.03%	117.51%	134.30%	-532.82%	-195.84%	-172.20%	-202.17%	-108.46%	-45.15%
EPS Growth	98.59%	249.11%	161.83%	117.34%	133.49%	-522.22%	-195.62%	-173.93%	-206.00%	-108.82%	-42.44%
Operating Cash Flow Growth	223.38%	131.55%	1,267.47%	10,241.67%	255.39%	48.57%	-93.41%	-99.37%	-90.55%	-76.05%	-2.75%
Free Cash Flow Firm Growth	-990.27%	-2,283.66%	33.41%	84.19%	107.14%	102.46%	56.13%	-69.02%	-202.54%	-605.40%	-2,959.09%
Invested Capital Growth	11.34%	11.19%	5.03%	2.12%	0.96%	-1.98%	2.57%	6.69%	10.29%	14.56%	16.52%
Revenue Q/Q Growth	-7.53%	12.37%	13.79%	16.95%	23.23%	17.86%	6.88%	1.60%	-9.60%	-38.51%	-23.13%
EBITDA Q/Q Growth	-8.39%	19.77%	30.44%	27.32%	177.37%	60.34%	143.08%	154.32%	-121.02%	-50.15%	-29.11%
EBIT Q/Q Growth	-18.54%	42.77%	107.82%	296.20%	115.93%	21.05%	16.92%	23.47%	-980.28%	-113.80%	-48.74%
NOPAT Q/Q Growth	-15.55%	111.19%	163.04%	-61.80%	212.69%	23.37%	16.41%	23.53%	-1,001.91%	-109.98%	-44.55%
Net Income Q/Q Growth	-15.35%	110.82%	167.17%	-58.13%	164.26%	13.71%	24.58%	17.99%	-1,085.64%	-113.07%	-43.18%
EPS Q/Q Growth	-15.57%	106.17%	170.00%	-57.75%	163.39%	14.50%	24.28%	18.40%	-1,077.78%	-113.14%	-41.45%
Operating Cash Flow Q/Q Growth	21.52%	-4.73%	37.19%	103.61%	-12.99%	462.65%	937.50%	-93.00%	-63.63%	-75.03%	-1.59%
Free Cash Flow Firm Q/Q Growth	-15.52%	-126.39%	-121.34%	-253.79%	183.36%	106.90%	47.46%	30.48%	2.36%	-23.02%	-102.41%
Invested Capital Q/Q Growth	3.01%	4.99%	2.17%	0.77%	2.87%	-0.83%	-0.66%	-0.37%	-0.13%	3.77%	3.33%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	36.79%	38.44%	35.32%	26.90%	18.53%	-0.74%	-10.85%	-17.80%	-32.66%	21.86%	39.47%
EBITDA Margin	47.70%	48.15%	45.17%	39.41%	36.20%	16.08%	11.82%	5.20%	-9.72%	41.81%	51.57%
Operating Margin	22.02%	24.96%	19.64%	10.56%	3.28%	-23.87%	-36.71%	-46.94%	-62.36%	-5.12%	22.90%
EBIT Margin	21.88%	24.84%	19.55%	10.70%	3.16%	-24.44%	-36.48%	-46.94%	-62.31%	-5.21%	23.24%
Profit (Net Income) Margin	19.66%	21.47%	11.45%	4.87%	13.62%	-26.11%	-35.66%	-50.53%	-62.60%	-4.77%	22.46%
Tax Burden Percent	90.05%	86.90%	58.74%	46.43%	466.47%	106.84%	98.08%	108.16%	101.81%	110.80%	96.07%
Interest Burden Percent	99.77%	99.49%	99.67%	98.08%	92.39%	100.00%	99.66%	99.55%	98.70%	82.63%	100.58%
Effective Tax Rate	10.07%	13.15%	41.26%	52.73%	-365.88%	0.00%	0.00%	0.00%	0.00%	0.00%	3.61%
Return on Invested Capital (ROIC)	12.24%	12.81%	6.01%	2.23%	5.86%	-5.74%	-8.60%	-13.02%	-22.23%	-2.18%	15.94%
ROIC Less NNEP Spread (ROIC-NNEP)	11.98%	12.40%	5.81%	1.97%	1.39%	-50.29%	59.13%	31.12%	8.66%	-0.59%	15.34%
Return on Net Nonoperating Assets (RNNOA)	1.15%	1.21%	0.46%	0.13%	0.07%	-1.09%	-0.74%	-0.99%	-0.41%	0.04%	-1.42%
Return on Equity (ROE)	13.38%	14.03%	6.48%	2.36%	5.93%	-6.83%	-9.34%	-14.01%	-22.64%	-2.15%	14.52%
Cash Return on Invested Capital (CROIC)	-1.43%	-2.60%	-3.18%	-4.57%	-7.08%	-7.91%	-11.20%	-10.68%	-6.35%	0.32%	5.41%
Operating Return on Assets (OROA)	9.88%	10.69%	7.34%	3.47%	0.88%	-6.01%	-8.69%	-13.02%	-22.07%	-2.19%	11.43%
Return on Assets (ROA)	8.87%	9.24%	4.30%	1.58%	3.77%	-6.42%	-8.49%	-14.02%	-22.18%	-2.01%	11.04%
Return on Common Equity (ROCE)	13.38%	14.03%	6.48%	2.36%	5.93%	-6.83%	-9.34%	-14.01%	-22.64%	-2.15%	14.52%
Return on Equity Simple (ROE_SIMPLE)	9.61%	8.30%	0.00%	-3.48%	-8.59%	-16.02%	0.00%	-6.41%	3.41%	12.55%	0.00%
Net Operating Profit after Tax (NOPAT)	1,594	1,888	894	340	890	-790	-1,030	-1,233	-1,612	-146	1,466
NOPAT Margin	19.80%	21.68%	11.54%	4.99%	15.28%	-16.71%	-25.70%	-32.85%	-43.65%	-3.58%	22.07%
Net Nonoperating Expense Percent (NNEP)	0.26%	0.41%	0.20%	0.26%	4.47%	44.55%	-67.73%	-44.15%	-30.89%	-1.59%	0.60%
Return On Investment Capital (ROIC_SIMPLE)	2.53%	3.12%	-	-	1.55%	-1.40%	-	-	-	-	-
Cost of Revenue to Revenue	63.21%	61.56%	64.68%	73.10%	81.47%	100.74%	110.85%	117.80%	132.66%	78.14%	60.53%
SG&A Expenses to Revenue	3.54%	3.31%	3.81%	4.27%	4.81%	5.57%	5.46%	5.84%	6.26%	6.14%	4.22%
R&D to Revenue	11.15%	10.20%	11.65%	12.48%	14.29%	17.88%	17.93%	20.20%	21.34%	20.78%	12.63%
Operating Expenses to Revenue	14.78%	13.48%	15.68%	16.34%	15.25%	23.13%	25.86%	29.13%	29.70%	26.98%	16.57%
Earnings before Interest and Taxes (EBIT)	1,762	2,163	1,515	729	184	-1,155	-1,463	-1,761	-2,301	-213	1,544
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	3,841	4,193	3,501	2,684	2,108	760	474	195	-359	1,708	3,426
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.10	2.33	2.35	3.16	2.27	1.94	1.73	1.65	1.29	1.21	1.25
Price to Tangible Book Value (P/TBV)	2.17	2.41	2.43	3.28	2.35	2.01	1.79	1.72	1.34	1.25	1.29
Price to Revenue (P/Rev)	3.27	3.74	4.22	6.54	5.44	5.14	4.91	4.13	2.65	2.20	2.03
Price to Earnings (P/E)	21.90	28.05	136.21	0.00	0.00	0.00	0.00	0.00	37.89	9.65	7.18
Dividend Yield	0.50%	0.47%	0.48%	0.46%	0.51%	0.61%	0.66%	0.67%	0.80%	0.78%	0.73%
Earnings Yield	4.57%	3.57%	0.73%	0.00%	0.00%	0.00%	0.00%	0.00%	2.64%	10.37%	13.92%
Enterprise Value to Invested Capital (EV/IC)	2.01	2.20	2.23	2.98	2.16	1.87	1.68	1.63	1.29	1.22	1.27
Enterprise Value to Revenue (EV/Rev)	3.42	3.92	4.39	6.73	5.66	5.37	5.09	4.24	2.66	2.13	1.90
Enterprise Value to EBITDA (EV/EBITDA)	7.53	9.12	12.17	23.87	29.32	81.27	39.21	15.50	6.38	4.06	3.48
Enterprise Value to EBIT (EV/EBIT)	17.36	24.81	86.58	0.00	0.00	0.00	0.00	0.00	30.01	8.40	6.04
Enterprise Value to NOPAT (EV/NOPAT)	22.71	28.94	132.84	0.00	0.00	0.00	0.00	0.00	39.40	9.36	6.63
Enterprise Value to Operating Cash Flow (EV/OCF)	8.19	11.01	12.96	26.88	35.84	43.11	50.76	15.14	6.89	4.75	3.84
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	407.39	25.32
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.30	0.29	0.30	0.30	0.31	0.31	0.30	0.29	0.26	0.21	0.14
Long-Term Debt to Equity	0.28	0.28	0.29	0.29	0.30	0.29	0.30	0.29	0.25	0.20	0.14
Financial Leverage	0.10	0.10	0.08	0.07	0.05	0.02	-0.01	-0.03	-0.05	-0.06	-0.09
Leverage Ratio	1.50	1.51	1.50	1.47	1.45	1.43	1.39	1.38	1.37	1.36	1.33
Compound Leverage Factor	1.50	1.50	1.49	1.44	1.34	1.43	1.38	1.38	1.35	1.12	1.34
Debt to Total Capital	22.79%	22.75%	22.89%	23.06%	23.83%	23.95%	23.20%	22.58%	20.62%	17.23%	12.16%
Short-Term Debt to Total Capital	0.80%	0.88%	0.74%	0.69%	0.60%	1.61%	0.48%	0.44%	0.40%	0.29%	0.18%
Long-Term Debt to Total Capital	21.99%	21.87%	22.15%	22.37%	23.23%	22.34%	22.72%	22.14%	20.22%	16.94%	11.97%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	77.21%	77.25%	77.11%	76.94%	76.17%	76.05%	76.80%	77.42%	79.38%	82.77%	87.84%
Debt to EBITDA	1.01	1.10	1.48	2.20	3.88	12.62	6.61	2.67	1.28	0.72	0.41
Net Debt to EBITDA	0.34	0.40	0.47	0.68	1.16	3.49	1.43	0.39	0.03	-0.12	-0.24
Long-Term Debt to EBITDA	0.97	1.06	1.43	2.13	3.78	11.77	6.47	2.61	1.25	0.71	0.41
Debt to NOPAT	3.04	3.50	16.15	-11.21	-4.70	-2.90	-3.31	-6.88	7.89	1.66	0.78
Net Debt to NOPAT	1.01	1.28	5.12	-3.47	-1.40	-0.80	-0.72	-1.00	0.16	-0.28	-0.46
Long-Term Debt to NOPAT	2.94	3.37	15.63	-10.87	-4.58	-2.70	-3.25	-6.74	7.74	1.63	0.77
Altman Z-Score	4.14	4.25	4.14	5.31	4.19	3.73	3.64	3.62	3.37	3.57	4.08
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.13	2.72	2.64	3.41	3.74	3.53	4.46	4.26	4.17	3.51	2.89
Quick Ratio	1.87	1.67	1.59	1.98	2.13	2.01	2.53	2.50	2.49	2.13	1.92
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-3,845	-3,328	-1,470	-664	432	152	-2,207	-4,202	-6,044	-6,190	-5,032
Operating Cash Flow to CapEx	97.21%	101.19%	109.13%	118.98%	88.08%	78.01%	17.04%	1.54%	15.56%	38.51%	104.54%
Free Cash Flow to Firm to Interest Expense	-34.33	-28.20	-10.81	-4.43	3.00	1.15	-17.11	-35.31	-67.91	-121.38	-111.82
Operating Cash Flow to Interest Expense	35.20	27.49	25.04	16.55	8.47	10.61	1.93	0.20	3.85	18.49	83.93
Operating Cash Flow Less CapEx to Interest Expense	-1.01	0.32	2.10	2.64	-1.15	-2.99	-9.40	-12.92	-20.92	-29.53	3.64
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.45	0.43	0.38	0.32	0.28	0.25	0.24	0.28	0.35	0.42	0.49
Accounts Receivable Turnover	5.80	5.61	5.54	5.65	5.57	5.17	4.10	4.20	6.02	6.34	5.89
Inventory Turnover	2.34	2.37	2.26	2.26	2.22	2.23	2.25	2.38	2.47	2.42	3.02
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	3.77	3.63	3.46	4.06	4.09	3.95	3.38	3.32	3.36	2.92	2.95
Days Sales Outstanding (DSO)	62.93	65.02	65.83	64.56	65.52	70.62	88.94	86.95	60.63	57.58	61.95
Days Inventory Outstanding (DIO)	155.78	154.20	161.57	161.48	164.63	163.88	161.99	153.08	147.49	151.06	120.69
Days Payable Outstanding (DPO)	96.91	100.54	105.36	89.87	89.31	92.45	108.15	110.01	108.72	124.97	123.56
Cash Conversion Cycle (CCC)	121.79	118.68	122.04	136.17	140.84	142.05	142.77	130.02	99.40	83.68	59.08
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	53,398	51,838	49,376	48,329	47,959	46,622	47,012	47,325	47,501	47,564	45,835
Invested Capital Turnover	0.62	0.59	0.52	0.45	0.38	0.34	0.33	0.40	0.51	0.61	0.72
Increase / (Decrease) in Invested Capital	5,439	5,216	2,364	1,004	458	-942	1,177	2,969	4,432	6,044	6,498
Enterprise Value (EV)	107,068	113,920	110,217	143,831	103,689	86,961	79,127	77,025	61,283	57,924	58,325
Market Capitalization	102,303	108,879	105,972	139,727	99,600	83,224	76,235	75,105	61,039	59,666	62,397
Book Value per Share	$43.65	$42.21	$40.70	$39.94	$39.74	$39.06	$40.28	$41.49	$43.31	$45.35	$45.24
Tangible Book Value per Share	$42.24	$40.79	$39.29	$38.53	$38.32	$37.63	$38.86	$39.97	$41.81	$43.83	$43.75
Total Capital	62,988	60,582	58,528	57,483	57,592	56,390	57,450	58,650	59,531	59,571	56,813
Total Debt	14,355	13,785	13,397	13,258	13,722	13,505	13,330	13,245	12,274	10,265	6,906
Total Long-Term Debt	13,851	13,252	12,966	12,860	13,378	12,597	13,052	12,986	12,037	10,094	6,803
Net Debt	4,765	5,041	4,245	4,104	4,089	3,737	2,892	1,920	244	-1,742	-4,072
Capital Expenditures (CapEx)	4,055	3,206	3,120	2,086	1,384	1,796	1,461	1,561	2,205	2,449	3,613
Debt-free, Cash-free Net Working Capital (DFCFNWC)	9,101	8,423	7,449	8,498	8,514	6,956	7,163	6,537	6,062	5,986	5,014
Debt-free Net Working Capital (DFNWC)	17,316	16,011	15,555	16,877	17,520	16,004	16,757	16,889	16,880	16,567	14,345
Net Working Capital (NWC)	16,812	15,478	15,124	16,479	17,176	15,096	16,479	16,630	16,643	16,396	14,242
Net Nonoperating Expense (NNE)	11	18	7.05	7.89	97	444	400	663	700	49	-26
Net Nonoperating Obligations (NNO)	4,765	5,041	4,245	4,104	4,089	3,737	2,892	1,920	244	-1,742	-4,072
Total Depreciation and Amortization (D&A)	2,079	2,030	1,986	1,955	1,924	1,915	1,937	1,956	1,942	1,921	1,882
Debt-free, Cash-free Net Working Capital to Revenue	29.06%	28.95%	29.66%	39.76%	46.49%	42.99%	46.09%	35.97%	26.28%	22.04%	16.30%
Debt-free Net Working Capital to Revenue	55.28%	55.03%	61.95%	78.97%	95.68%	98.91%	107.83%	92.93%	73.19%	61.01%	46.64%
Net Working Capital to Revenue	53.67%	53.20%	60.23%	77.11%	93.80%	93.29%	106.04%	91.51%	72.16%	60.38%	46.30%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.42	$1.68	$0.80	$0.30	$0.72	($1.12)	($1.31)	($1.73)	($2.12)	($0.18)	$1.37
Adjusted Weighted Average Basic Shares Outstanding	1.12B	1.11B	1.11B	1.11B	1.10B	1.10B	1.09B	1.09B	1.09B	1.09B	1.11B
Adjusted Diluted Earnings per Share	$1.41	$1.67	$0.81	$0.30	$0.71	($1.12)	($1.31)	($1.73)	($2.12)	($0.18)	$1.37
Adjusted Weighted Average Diluted Shares Outstanding	1.12B	1.12B	1.12B	1.12B	1.11B	1.10B	1.09B	1.09B	1.09B	1.09B	1.12B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.12B	1.11B	1.11B	1.11B	1.11B	1.10B	1.10B	1.10B	1.09B	1.09B	1.09B
Normalized Net Operating Profit after Tax (NOPAT)	1,594	1,888	895	503	134	-790	-1,028	-1,185	-1,552	-137	1,471
Normalized NOPAT Margin	19.80%	21.68%	11.54%	7.39%	2.30%	-16.71%	-25.63%	-31.59%	-42.02%	-3.36%	22.14%
Pre Tax Income Margin	21.83%	24.71%	19.48%	10.50%	2.92%	-24.44%	-36.36%	-46.72%	-61.49%	-4.31%	23.38%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	15.73	18.33	11.14	4.86	1.28	-8.75	-11.34	-14.80	-25.85	-4.18	34.31
NOPAT to Interest Expense	14.24	16.00	6.57	2.27	6.18	-5.98	-7.99	-10.36	-18.11	-2.87	32.58
EBIT Less CapEx to Interest Expense	-20.47	-8.84	-11.80	-9.05	-8.33	-22.36	-22.67	-27.92	-50.63	-52.20	-45.98
NOPAT Less CapEx to Interest Expense	-21.97	-11.17	-16.37	-11.64	-3.43	-19.59	-19.31	-23.48	-42.89	-50.89	-47.71
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	11.09%	13.27%	65.94%	-33.14%	-13.49%	-7.38%	-8.64%	-17.31%	30.35%	7.68%	5.31%
Augmented Payout Ratio	11.09%	13.27%	104.50%	-33.14%	-13.49%	-7.38%	-15.93%	-58.85%	166.29%	49.68%	33.30%

Frequently Asked Questions About Micron Technology's Financials

When does Micron Technology's fiscal year end?

According to the most recent income statement we have on file, Micron Technology's financial year ends in August. Their financial year 2024 ended on August 29, 2024.

How has Micron Technology's net income changed over the last 9 years?

Micron Technology's net income appears to be on a downward trend, with a most recent value of $778 million in 2024, falling from $2.90 billion in 2015. The previous period was -$5.83 billion in 2023. View Micron Technology's forecast to see where analysts expect Micron Technology to go next.

What is Micron Technology's operating income?

Micron Technology's total operating income in 2024 was $1.30 billion, based on the following breakdown:

Total Gross Profit: $5.61 billion
Total Operating Expenses: $4.31 billion

How has Micron Technology revenue changed over the last 9 years?

Over the last 9 years, Micron Technology's total revenue changed from $16.19 billion in 2015 to $25.11 billion in 2024, a change of 55.1%.

How much debt does Micron Technology have?

Micron Technology's total liabilities were at $24.29 billion at the end of 2024, a 20.6% increase from 2023, and a 123.7% increase since 2015.

How much cash does Micron Technology have?

In the past 9 years, Micron Technology's cash and equivalents has ranged from $2.29 billion in 2015 to $8.58 billion in 2023, and is currently $7.04 billion as of their latest financial filing in 2024.

How has Micron Technology's book value per share changed over the last 9 years?

Over the last 9 years, Micron Technology's book value per share changed from 11.35 in 2015 to 40.70 in 2024, a change of 258.5%.

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This page (NASDAQ:MU) was last updated on 5/28/2025 by MarketBeat.com Staff

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Micron Technology (MU) Financials

Frequently Asked Questions About Micron Technology's Financials

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Micron Technology (MU) Financials

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