MACOM Technology Solutions
MTSI · Semiconductors
$236.24
2.8%Synaptics
SYNA · Semiconductors
$117.26
0.2%The short version
- Synaptics is the larger business, with $1.2B of revenue in fiscal 2026 against $967M for MACOM Technology Solutions.
- MACOM Technology Solutions grew revenue faster (32.6%, against 11.4%).
- MACOM Technology Solutions kept more of each dollar of sales as operating profit (13.4% operating margin, against −5.6% operating margin).
- MACOM Technology Solutions turned more of its sales into free cash flow (19.9% FCF margin, against 8.5% FCF margin).
- MACOM Technology Solutions earned a higher return on the capital invested in it (9.8%, against −3.4%).
| Latest fiscal year | MTSI · FY25 | SYNA · FY26 |
|---|---|---|
| Size | ||
| Market cap | $18.5B | $4.6B |
| Revenue | $967M | $1.2B |
| Free cash flow | $193M | $101M |
| Net income | −$54.2M | −$491M |
| Growth | ||
| Revenue growth | 32.6% | 11.4% |
| 5-year growth | 12.8% | −2.2% |
| Share count change | 0.6% | −1.0% |
| Profitability | ||
| Gross margin | 54.7% | 44.7% |
| Operating margin | 13.4% | −5.6% |
| Net margin | −5.6% | −41.0% |
| FCF margin | 19.9% | 8.5% |
| Return on capital | 9.8% | −3.4% |
| Return on equity | −4.4% | −42.2% |
| Balance sheet | ||
| Net debt | −$254M | $395M |
| Net debt / EBITDA | −1.3x | — |
| Dividends and buybacks | $43.1M | $92.7M |
| Valuation & quality | ||
| P/E | 75.2x | — |
| Piotroski F-score | 5 | 5 |
FY17
MTSI $699M
SYNA $1.7B
FY18
MTSI $570M
SYNA $1.6B
FY19
MTSI $500M
SYNA $1.5B
FY20
MTSI $530M
SYNA $1.3B
FY21
MTSI $607M
SYNA $1.3B
FY22
MTSI $675M
SYNA $1.7B
FY23
MTSI $648M
SYNA $1.4B
FY24
MTSI $730M
SYNA $959M
FY25
MTSI $967M
SYNA $1.1B
FY26
MTSI —
SYNA $1.2B
MTSI
SYNA
FY17
MTSI −2.3%
SYNA 3.8%
FY18
MTSI −18.7%
SYNA −3.8%
FY19
MTSI −76.1%
SYNA −0.4%
FY20
MTSI 0.6%
SYNA 5.2%
FY21
MTSI 13.4%
SYNA 11.0%
FY22
MTSI 19.7%
SYNA 20.1%
FY23
MTSI 16.6%
SYNA 11.4%
FY24
MTSI 10.1%
SYNA −10.6%
FY25
MTSI 13.4%
SYNA −8.8%
FY26
MTSI —
SYNA −5.6%
MTSI
SYNA
FY17
MTSI $28.3M
SYNA $122M
FY18
MTSI −$16.8M
SYNA $111M
FY19
MTSI −$17.3M
SYNA $131M
FY20
MTSI $154M
SYNA $206M
FY21
MTSI $130M
SYNA $298M
FY22
MTSI $150M
SYNA $432M
FY23
MTSI $142M
SYNA $297M
FY24
MTSI $140M
SYNA $102M
FY25
MTSI $193M
SYNA $116M
FY26
MTSI —
SYNA $101M
MTSI
SYNA
FY17
MTSI −1.3%
SYNA 8.8%
FY18
MTSI −7.1%
SYNA −6.7%
FY19
MTSI −30.5%
SYNA −0.6%
FY20
MTSI 0.4%
SYNA 11.0%
FY21
MTSI 11.0%
SYNA 31.9%
FY22
MTSI 17.7%
SYNA 29.3%
FY23
MTSI 9.7%
SYNA 6.7%
FY24
MTSI 6.4%
SYNA −5.6%
FY25
MTSI 9.8%
SYNA −4.5%
FY26
MTSI —
SYNA −3.4%
MTSI
SYNA
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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.