MU Financials Micron Technology

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 28 h ago Overview →

Growth & profitability

Revenue has grown 11.8% per year over the past 5 years.
Net income has grown faster than revenue (26.0% vs 11.8% per year).
Operating margin has expanded, at 26.1% in the latest year.
Free cash flow has grown 82.2% per year over the past 5 years.

Financial health

Total debt ($11.5B) exceeds cash ($9.6B); net debt is $1.9B.
Total debt has grown in line with revenue (13.4% vs 11.8% per year).
Operating income covered interest expense 20× in the latest year.
Total debt is 0.6× EBITDA.

Shareholder returns

Dividends have been paid for 4 consecutive years, consuming 6.1% of earnings and 31.3% of free cash flow.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
2025	$37.4B	$8.5B	39.8%	26.1%	$1.7B	$11.5B	$9.6B
2024	$25.1B	$778M	22.4%	5.2%	$121M	$11.3B	$7.0B
2023	$15.5B	-$5.8B	-9.1%	-37.0%	-$6.1B	$12.0B	$8.6B
2022	$30.8B	$8.7B	45.2%	31.5%	$3.1B	$6.0B	$8.3B
2021	$27.7B	$5.9B	37.6%	22.7%	$2.4B	$6.0B	$7.8B
2020	$21.4B	$2.7B	30.6%	14.0%	$83M	$6.2B	$7.6B
2019	$23.4B	$6.3B	45.7%	31.5%	$3.4B	—	$7.2B
2018	$30.4B	$14.1B	58.9%	49.3%	$8.5B	—	$6.5B
2017	$20.3B	$5.1B	41.5%	28.9%	$3.4B	—	$5.1B
2016	—	-$276M	—	—	-$2.6B	—	$4.1B
2015	—	$2.9B	—	—	$1.2B	—	$2.3B
2014	—	$3.0B	—	—	—	—	$4.2B
2013	—	$1.2B	—	—	—	—	$2.9B
2012	—	-$1.0B	—	—	$415M	$3.3B	$2.5B
2011	—	$167M	—	—	-$66M	$2.0B	$2.2B

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
May '26	$41.5B	$28.2B	84.6%	80.4%	$17.6B	—	$25.0B
Feb '26	$23.9B	$13.8B	74.4%	67.6%	$5.5B	—	$13.9B
Nov '25	$13.6B	$5.2B	56.0%	45.0%	$3.0B	$8.8B	$9.7B
Aug '25	$11.3B	$3.2B	44.7%	32.3%	$72M	$11.5B	$9.6B
May '25	$9.3B	$1.9B	37.7%	23.3%	$1.7B	$12.4B	$10.2B
Feb '25	$8.1B	$1.6B	36.8%	22.0%	-$113M	$11.5B	$7.6B
Nov '24	$8.7B	$1.9B	38.4%	25.0%	$38M	$11.3B	$6.7B
Aug '24	$7.8B	$887M	35.3%	19.6%	$285M	$11.3B	$7.0B
May '24	$6.8B	$332M	26.9%	10.6%	$396M	$11.3B	$7.6B
Feb '24	$5.8B	$793M	18.5%	3.3%	-$165M	$12.0B	$8.0B
Nov '23	$4.7B	-$1.2B	-0.7%	-23.9%	-$395M	$12.0B	$8.1B
Aug '23	$4.0B	-$1.4B	-10.8%	-36.7%	-$1.2B	$12.0B	$8.6B
Jun '23	$3.8B	-$1.9B	-17.8%	-46.9%	-$1.5B	$12.1B	$9.3B
Mar '23	$3.7B	-$2.3B	-32.7%	-62.4%	-$1.9B	$11.2B	$9.8B
Dec '22	$4.1B	-$195M	21.9%	-5.1%	-$1.5B	$9.4B	$9.6B
Sep '22	$6.6B	$1.5B	39.5%	22.9%	$164M	$6.0B	$8.3B
Jun '22	$8.6B	$2.6B	46.7%	34.8%	$1.3B	$6.0B	$9.2B
Mar '22	$7.8B	$2.3B	47.2%	32.7%	$1.0B	$6.1B	$9.1B
Dec '21	$7.7B	$2.3B	46.4%	34.2%	$673M	$6.1B	$8.7B
Sep '21	$8.3B	$2.7B	47.3%	35.7%	$1.9B	$6.0B	$7.8B

Valuation over time

How the market has priced MU against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 7.8× (Mar '23) to 156.7× (Jun '26).
The price-to-sales ratio has risen from 2.2× (Mar '23) to 35.8× (Jun '26).
The dividend yield has fallen from 0.7% (Mar '23) to 0.0% (Jun '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is MU growing its revenue and profit?

Over the past 5 years, Micron Technology's revenue has grown 11.8% per year, and net income grown 26.0% per year. These are computed facts, not advice.

How much debt does MU have?

As of FY2025, Micron Technology reported $11.5B of total debt against $9.6B of cash; operating income covered interest expense 20×.

What is MU's profit margin?

In FY2025, gross margin was 39.8%, operating margin 26.1%, and net margin 22.8%.

What is MU's P/E ratio?

As of Jun '26, Micron Technology traded at a price-to-earnings ratio of about 156.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.