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Micron Technology MU Free cash flow margin

Free cash flow margin at other companies

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22.9%+13.0pp
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46.5%+7.9pp

Other financials

Income statement

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Revenue$23.9B+196%
Gross profit$17.8B+499%
Operating income$16.1B+810%
Net income$13.8B+771%
EPS (diluted)$12.07+756%

Balance sheet

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Cash & equivalents$13.9B+84.2%
Total debt$13.6B-23.8%
Total equity$72.5B+49.0%
Total assets$101.51B+39.0%

Cash flow

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Operating cash flow$11.9B+202%
CapEx$6.4B+57.5%
Free cash flow$5.5B+4,981%

Valuation

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Market cap$1.18T+292%
Enterprise value$1.18T+254%
P/E48.8×-15.4×
P/S20.2×+10.7×

Profitability

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Gross margin58.4%+23.7pp
Operating margin48.3%+28.6pp
Net margin41.5%+26.6pp

Returns & leverage

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Return on equity39.8%+29.7pp
Debt / equity0.2×-0.2×
Current ratio2.9×-0.2×

Where this comes from

Calculated from Micron Technology’s reported figures.

Based on trailing twelve months.

The official record: Micron Technology’s 10-Q, filed March 19, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Micron Technology's free cash flow margin?
Micron Technology (MU) reported free cash flow margin of 17.7% in Q1 2026.
How has Micron Technology's free cash flow margin changed year-over-year?
Micron Technology's free cash flow margin increased by 814.3% year-over-year, from 1.9% to 17.7%.
What is the long-term trend for Micron Technology's free cash flow margin?
Over 3 years (2022 to 2025), Micron Technology's free cash flow margin has grown at a -36.3% compound annual growth rate (CAGR), from 53.7% to 13.9%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.