Allegro MicroSystems vs Synaptics
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The short version
- Synaptics is the larger business, with $1.2B of revenue in fiscal 2026 against $890M for Allegro MicroSystems.
- Allegro MicroSystems grew revenue faster (22.8%, against 11.4%).
- Allegro MicroSystems kept more of each dollar of sales as operating profit (2.1% operating margin, against −5.6%).
- Allegro MicroSystems turned more of its sales into free cash flow (14.0% FCF margin, against 8.5%).
- Allegro MicroSystems earned a higher return on the capital invested in it (1.3%, against −3.4%).
| Latest fiscal year | ALGM · FY26 | SYNA · FY26 |
|---|---|---|
| Size | ||
| Market cap | $5.9B | $4.6B |
| Revenue | $890M | $1.2B |
| Free cash flow | $125M | $101M |
| Net income | −$14.9M | −$491M |
| Growth | ||
| Revenue growth | 22.8% | 11.4% |
| 5-year growth | 8.5% | −2.2% |
| Share count change | −1.4% | −1.0% |
| Profitability | ||
| Gross margin | 46.3% | 44.7% |
| Operating margin | 2.1% | −5.6% |
| Net margin | −1.7% | −41.0% |
| FCF margin | 14.0% | 8.5% |
| Return on capital | 1.3% | −3.4% |
| Return on equity | −1.6% | −42.2% |
| Balance sheet | ||
| Net debt | $119M | $395M |
| Net debt / EBITDA | 1.4x | — |
| Dividends and buybacks | $0.0M | $92.7M |
| Valuation & quality | ||
| P/E | — | — |
| Piotroski F-score | 7 | 5 |
Revenue
FY17
ALGM —
SYNA $1.7B
FY18
ALGM —
SYNA $1.6B
FY19
ALGM —
SYNA $1.5B
FY20
ALGM $650M
SYNA $1.3B
FY21
ALGM $591M
SYNA $1.3B
FY22
ALGM $769M
SYNA $1.7B
FY23
ALGM $974M
SYNA $1.4B
FY24
ALGM $1.0B
SYNA $959M
FY25
ALGM $725M
SYNA $1.1B
FY26
ALGM $890M
SYNA $1.2B
ALGM
SYNA
Operating margin
FY17
ALGM —
SYNA 3.8%
FY18
ALGM —
SYNA −3.8%
FY19
ALGM —
SYNA −0.4%
FY20
ALGM 8.1%
SYNA 5.2%
FY21
ALGM 2.1%
SYNA 11.0%
FY22
ALGM 17.8%
SYNA 20.1%
FY23
ALGM 20.9%
SYNA 11.4%
FY24
ALGM 18.7%
SYNA −10.6%
FY25
ALGM −2.7%
SYNA −8.8%
FY26
ALGM 2.1%
SYNA −5.6%
ALGM
SYNA
Free cash flow
FY17
ALGM —
SYNA $122M
FY18
ALGM —
SYNA $111M
FY19
ALGM —
SYNA $131M
FY20
ALGM $35.8M
SYNA $206M
FY21
ALGM $79.9M
SYNA $298M
FY22
ALGM $86.2M
SYNA $432M
FY23
ALGM $113M
SYNA $297M
FY24
ALGM $56.9M
SYNA $102M
FY25
ALGM $22.0M
SYNA $116M
FY26
ALGM $125M
SYNA $101M
ALGM
SYNA
Return on capital
FY17
ALGM —
SYNA 8.8%
FY18
ALGM —
SYNA −6.7%
FY19
ALGM —
SYNA −0.6%
FY20
ALGM —
SYNA 11.0%
FY21
ALGM 2.2%
SYNA 31.9%
FY22
ALGM 26.0%
SYNA 29.3%
FY23
ALGM 32.3%
SYNA 6.7%
FY24
ALGM 17.0%
SYNA −5.6%
FY25
ALGM −1.3%
SYNA −4.5%
FY26
ALGM 1.3%
SYNA −3.4%
ALGM
SYNA
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.