Micron Technology, Inc. vs TEXAS INSTRUMENTS INCORPORATED, two Semiconductors stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
One number carries the whole comparison: 80.4%, Micron's operating margin at the top of a memory shortage, more than double Texas Instruments' 37.5% earned the ordinary analog way. The market pays for them in reverse order, 48.8 times TI's earnings against 25.6 times Micron's, nearly two multiple turns of distrust for every point of Micron's margin advantage. TI's compensations are the steady kind, a 1.9% dividend and a 4.5 current ratio; Micron's are the urgent kind, a debt-free sheet built for the next downturn. Both convert little of their price into free cash while capex runs hot. Priced per dollar of this year's profit, the cyclical is the bargain; priced per dollar of a normal year's, the market has already done that math.
Comparison updated 2026-07-10.
| Metric | MU | TXN |
|---|---|---|
| Price | $1129.73 | $285.42 |
| Market cap | $1.29T | $260.9B |
| Sector | Semiconductors | Semiconductors |
| Stage | Growth | Growth |
| Implied growth (priced in) | +35.4% | — |
| P/E | 25.6 | 48.8 |
| P/B | 12.84 | 15.55 |
| P/S | 14.33 | 14.15 |
| EV/EBITDA | 18.6 | 38.7 |
| Revenue growth | +161.2% | +14.9% |
| Gross margin | 84.6% | 58.0% |
| Operating margin | 80.4% | 37.5% |
| Net margin | 55.9% | 29.1% |
| Return on equity | 50.1% | 32.0% |
| Return on assets | 37.6% | 15.6% |
| Return on invested capital | 46.2% | 18.3% |
| FCF yield | 2.0% | 1.4% |
| Dividend yield | 0.0% | 1.9% |
| Debt / equity | 0.01 | 0.91 |
| Current ratio | 3.42 | 4.46 |
| Altman Z (solvency) | 8.90 | 9.22 |
| Piotroski F (quality) | 7 / 9 | 6 / 9 |
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.