AMD
AMD · Semiconductors
$516.79
1.7%Broadcom
AVGO · Semiconductors
$321.68
0.5%The short version
- Broadcom is the larger business, with $63.9B of revenue in fiscal 2025 against $34.6B for AMD, about 1.8 times as much.
- AMD grew revenue faster (34.3%, against 23.9%).
- Broadcom kept more of each dollar of sales as operating profit (39.9% operating margin, against 10.7% operating margin).
- Broadcom turned more of its sales into free cash flow (42.1% FCF margin, against 19.4% FCF margin).
- Broadcom earned a higher return on the capital invested in it (19.9%, against 6.7%).
- Investors pay more for each dollar of AMD’s earnings: a P/E of 132.9x against 41.0x for Broadcom.
| Latest fiscal year | AMD · FY25 | AVGO · FY25 |
|---|---|---|
| Size | ||
| Market cap | $857.4B | $1.57T |
| Revenue | $34.6B | $63.9B |
| Free cash flow | $6.7B | $26.9B |
| Net income | $4.3B | $23.1B |
| Growth | ||
| Revenue growth | 34.3% | 23.9% |
| 5-year growth | 28.8% | 21.7% |
| Share count change | −0.1% | 1.6% |
| Profitability | ||
| Gross margin | 49.5% | 67.8% |
| Operating margin | 10.7% | 39.9% |
| Net margin | 12.5% | 36.2% |
| FCF margin | 19.4% | 42.1% |
| Return on capital | 6.7% | 19.9% |
| Return on equity | 7.2% | 31.1% |
| Balance sheet | ||
| Net debt | −$6.5B | $49.0B |
| Net debt / EBITDA | −1.0x | 1.4x |
| Dividends and buybacks | $1.3B | $13.6B |
| Valuation & quality | ||
| P/E | 132.9x | 41.0x |
| Piotroski F-score | 8 | 7 |
FY16
AMD $4.3B
AVGO $13.2B
FY17
AMD $5.3B
AVGO $17.6B
FY18
AMD $6.5B
AVGO $20.8B
FY19
AMD $6.7B
AVGO $22.6B
FY20
AMD $9.8B
AVGO $23.9B
FY21
AMD $16.4B
AVGO $27.5B
FY22
AMD $23.6B
AVGO $33.2B
FY23
AMD $22.7B
AVGO $35.8B
FY24
AMD $25.8B
AVGO $51.6B
FY25
AMD $34.6B
AVGO $63.9B
AMD
AVGO
FY16
AMD −8.6%
AVGO −3.1%
FY17
AMD 2.4%
AVGO 13.4%
FY18
AMD 7.0%
AVGO 24.6%
FY19
AMD 9.4%
AVGO 15.2%
FY20
AMD 14.0%
AVGO 16.8%
FY21
AMD 22.2%
AVGO 31.0%
FY22
AMD 5.4%
AVGO 42.8%
FY23
AMD 1.8%
AVGO 45.3%
FY24
AMD 7.4%
AVGO 26.1%
FY25
AMD 10.7%
AVGO 39.9%
AMD
AVGO
FY16
AMD $4.0M
AVGO $2.7B
FY17
AMD −$101M
AVGO $5.5B
FY18
AMD −$129M
AVGO $8.2B
FY19
AMD $276M
AVGO $9.3B
FY20
AMD $777M
AVGO $11.6B
FY21
AMD $3.2B
AVGO $13.3B
FY22
AMD $3.1B
AVGO $16.3B
FY23
AMD $1.1B
AVGO $17.6B
FY24
AMD $2.4B
AVGO $19.4B
FY25
AMD $6.7B
AVGO $26.9B
AMD
AVGO
FY16
AMD —
AVGO —
FY17
AMD —
AVGO —
FY18
AMD 41.6%
AVGO 14.8%
FY19
AMD 36.5%
AVGO 7.4%
FY20
AMD 48.1%
AVGO 7.3%
FY21
AMD 77.7%
AVGO 15.4%
FY22
AMD 4.6%
AVGO 25.7%
FY23
AMD 0.8%
AVGO 30.6%
FY24
AMD 2.9%
AVGO 9.6%
FY25
AMD 6.7%
AVGO 19.9%
AMD
AVGO
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.