AMD vs Intel
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The short version
- Intel is the larger business, with $52.9B of revenue in fiscal 2025 against $34.6B for AMD, about 1.5 times as much.
- AMD grew revenue faster (34.3%, against −0.5%).
- AMD kept more of each dollar of sales as operating profit (10.7% operating margin, against −4.2%).
- AMD turned more of its sales into free cash flow (19.4% FCF margin, against −9.4%).
- AMD earned a higher return on the capital invested in it (6.7%, against −0.8%).
| Latest fiscal year | AMD · FY25 | INTC · FY25 |
|---|---|---|
| Size | ||
| Market cap | $857.4B | $443.8B |
| Revenue | $34.6B | $52.9B |
| Free cash flow | $6.7B | −$4.9B |
| Net income | $4.3B | −$267M |
| Growth | ||
| Revenue growth | 34.3% | −0.5% |
| 5-year growth | 28.8% | −7.5% |
| Share count change | −0.1% | 5.8% |
| Profitability | ||
| Gross margin | 49.5% | 34.8% |
| Operating margin | 10.7% | −4.2% |
| Net margin | 12.5% | −0.5% |
| FCF margin | 19.4% | −9.4% |
| Return on capital | 6.7% | −0.8% |
| Return on equity | 7.2% | −0.3% |
| Balance sheet | ||
| Net debt | −$6.5B | $9.2B |
| Net debt / EBITDA | −1.0x | 1.0x |
| Dividends and buybacks | $1.3B | $0.0M |
| Valuation & quality | ||
| P/E | 132.9x | — |
| Piotroski F-score | 8 | 6 |
Revenue
FY16
AMD $4.3B
INTC $59.4B
FY17
AMD $5.3B
INTC $62.8B
FY18
AMD $6.5B
INTC $70.8B
FY19
AMD $6.7B
INTC $72.0B
FY20
AMD $9.8B
INTC $77.9B
FY21
AMD $16.4B
INTC $79.0B
FY22
AMD $23.6B
INTC $63.1B
FY23
AMD $22.7B
INTC $54.2B
FY24
AMD $25.8B
INTC $53.1B
FY25
AMD $34.6B
INTC $52.9B
AMD
INTC
Operating margin
FY16
AMD −8.6%
INTC 22.1%
FY17
AMD 2.4%
INTC 28.8%
FY18
AMD 7.0%
INTC 32.9%
FY19
AMD 9.4%
INTC 30.6%
FY20
AMD 14.0%
INTC 30.4%
FY21
AMD 22.2%
INTC 24.6%
FY22
AMD 5.4%
INTC 3.7%
FY23
AMD 1.8%
INTC 0.2%
FY24
AMD 7.4%
INTC −22.0%
FY25
AMD 10.7%
INTC −4.2%
AMD
INTC
Free cash flow
FY16
AMD $4.0M
INTC $12.2B
FY17
AMD −$101M
INTC $10.3B
FY18
AMD −$129M
INTC $14.3B
FY19
AMD $276M
INTC $16.9B
FY20
AMD $777M
INTC $21.6B
FY21
AMD $3.2B
INTC $10.7B
FY22
AMD $3.1B
INTC −$9.4B
FY23
AMD $1.1B
INTC −$14.3B
FY24
AMD $2.4B
INTC −$15.7B
FY25
AMD $6.7B
INTC −$4.9B
AMD
INTC
Return on capital
FY16
AMD —
INTC 14.1%
FY17
AMD —
INTC 10.4%
FY18
AMD 41.6%
INTC 22.7%
FY19
AMD 36.5%
INTC 19.7%
FY20
AMD 48.1%
INTC 18.8%
FY21
AMD 77.7%
INTC 16.7%
FY22
AMD 4.6%
INTC 2.1%
FY23
AMD 0.8%
INTC 0.1%
FY24
AMD 2.9%
INTC −6.9%
FY25
AMD 6.7%
INTC −0.8%
AMD
INTC
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.