Cirrus Logic
CRUS · Semiconductors
$112.32
1.7%Semtech
SMTC · Semiconductors
$132.00
5.5%The short version
- Cirrus Logic is the larger business, with $2.0B of revenue in fiscal 2026 against $1.1B for Semtech, about 1.9 times as much.
- Semtech grew revenue faster (15.5%, against 5.3%).
- Cirrus Logic kept more of each dollar of sales as operating profit (23.1% operating margin, against 3.1% operating margin).
- Cirrus Logic turned more of its sales into free cash flow (31.9% FCF margin, against 16.3% FCF margin).
- Cirrus Logic earned a higher return on the capital invested in it (29.6%, against 2.9%).
| Latest fiscal year | CRUS · FY26 | SMTC · FY26 |
|---|---|---|
| Size | ||
| Market cap | $5.9B | $12.9B |
| Revenue | $2.0B | $1.1B |
| Free cash flow | $637M | $171M |
| Net income | $414M | −$40.4M |
| Growth | ||
| Revenue growth | 5.3% | 15.5% |
| 5-year growth | 7.8% | 12.0% |
| Share count change | −4.4% | 23.4% |
| Profitability | ||
| Gross margin | 52.8% | 51.6% |
| Operating margin | 23.1% | 3.1% |
| Net margin | 20.8% | −3.9% |
| FCF margin | 31.9% | 16.3% |
| Return on capital | 29.6% | 2.9% |
| Return on equity | 20.3% | −7.4% |
| Balance sheet | ||
| Net debt | −$888M | $296M |
| Net debt / EBITDA | −1.7x | 4.7x |
| Dividends and buybacks | $280M | $0.0M |
| Valuation & quality | ||
| P/E | 13.7x | — |
| Piotroski F-score | 8 | 7 |
FY17
CRUS $1.5B
SMTC $544M
FY18
CRUS $1.5B
SMTC $588M
FY19
CRUS $1.2B
SMTC $627M
FY20
CRUS $1.3B
SMTC $548M
FY21
CRUS $1.4B
SMTC $595M
FY22
CRUS $1.8B
SMTC $741M
FY23
CRUS $1.9B
SMTC $757M
FY24
CRUS $1.8B
SMTC $869M
FY25
CRUS $1.9B
SMTC $909M
FY26
CRUS $2.0B
SMTC $1.1B
CRUS
SMTC
FY17
CRUS 20.6%
SMTC 15.5%
FY18
CRUS 17.1%
SMTC 11.3%
FY19
CRUS 8.5%
SMTC 16.8%
FY20
CRUS 13.5%
SMTC 9.5%
FY21
CRUS 17.3%
SMTC 12.6%
FY22
CRUS 20.6%
SMTC 19.6%
FY23
CRUS 13.1%
SMTC 12.3%
FY24
CRUS 19.2%
SMTC −108.7%
FY25
CRUS 21.6%
SMTC 5.5%
FY26
CRUS 23.1%
SMTC 3.1%
CRUS
SMTC
FY17
CRUS $328M
SMTC $84.7M
FY18
CRUS $264M
SMTC $76.0M
FY19
CRUS $175M
SMTC $167M
FY20
CRUS $280M
SMTC $95.6M
FY21
CRUS $331M
SMTC $86.2M
FY22
CRUS $98.6M
SMTC $177M
FY23
CRUS $304M
SMTC $98.4M
FY24
CRUS $384M
SMTC −$123M
FY25
CRUS $422M
SMTC $50.1M
FY26
CRUS $637M
SMTC $171M
CRUS
SMTC
FY17
CRUS 33.9%
SMTC 11.2%
FY18
CRUS 19.3%
SMTC 7.1%
FY19
CRUS 11.0%
SMTC 18.0%
FY20
CRUS 17.3%
SMTC 6.4%
FY21
CRUS 23.3%
SMTC 11.9%
FY22
CRUS 30.7%
SMTC 21.0%
FY23
CRUS 14.4%
SMTC 5.9%
FY24
CRUS 21.0%
SMTC −53.9%
FY25
CRUS 23.1%
SMTC 4.3%
FY26
CRUS 29.6%
SMTC 2.9%
CRUS
SMTC
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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.