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Micron Technology MU Return on invested capital

Return on invested capital at other companies

Broadcom Inc. logo
Broadcom Inc.AVGO
23.5%+8.3pp
Western Digital logo
Western DigitalWDC
38.5%+26.3pp
Seagate Technology Holdings PLC logo
Seagate Technology Holdings PLCSTX
75.4%+30.7pp
Applied Materials logo
Applied MaterialsAMAT
25.2%-3.6pp
Monolithic Power Systems logo
Monolithic Power SystemsMPWR
25%-3.4pp
Advanced Micro Devices logo
Advanced Micro DevicesAMD
7.3%+3.5pp

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 return on invested capital?
Micron Technology (MU) reported return on invested capital of 36.9% in Q1 2026.
How has Micron Technology's return on invested capital changed year-over-year?
Micron Technology's return on invested capital increased by 334.3% year-over-year, from 8.5% to 36.9%.
What is the long-term trend for Micron Technology's return on invested capital?
Over 4 years (2021 to 2025), Micron Technology's return on invested capital has grown at a 0.6% compound annual growth rate (CAGR), from 40.8% to 41.8%.
What does return on invested capital mean?
The after-tax return the business earns on all the capital — debt and equity — invested in it.
How do you interpret return on invested capital?
The cleanest measure of business quality: ROIC sustained above the cost of capital creates value, below it destroys value. Compare against WACC, not against zero.
How does return on invested capital compare across companies?
Highly comparable across companies as a quality screen. Sector-sensitive definitions of invested capital mean banks/insurers are best excluded.