Is Micron Technology Stock Outperforming Its Rivals?
With Micron Technology surging 21% in a Month, it makes sense to re-evaluate vs its peers. Consistently assessing alternatives is core to a sound investment approach. Here is how Micron Technology (MU) stock stacks up against its peers in size, valuation, growth and margin.
- MU’s operating margin of 26.2% is high, higher than most peers though lower than TXN (34.8%).
- MU’s revenue growth of 48.9% in the last 12 months is strong, outpacing TXN, ADI, STX, WDC, MCHP.
- MU’s stock gained 114.0% over the past year and trades at a PE of 31.3, though peers like STX, WDC delivered stronger returns.
As a quick background, Micron Technology provides memory and storage products, including DRAM semiconductor devices, through segments focused on compute, networking, mobile, storage, and embedded business units.
A single stock can be risky, but there is a huge value to a broader, diversified approach. Quiz time: Over the last 5 years, which index do you think the Trefis High Quality Portfolio outperformed — the S&P 500, the S&P 1500 Equal Weighted, or both? The answer might surprise you. See how our advisory framework helps stack the odds in your favor.
| MU | TXN | ADI | STX | WDC | MCHP | |
|---|---|---|---|---|---|---|
| Market Cap ($ Bil) | 267.4 | 146.7 | 115.1 | 59.9 | 57.3 | 32.0 |
| Revenue ($ Bil) | 37.4 | 17.3 | 10.4 | 9.1 | 13.3 | 4.2 |
| PE Ratio | 31.3 | 29.1 | 58.8 | 40.8 | 30.7 | -215.6 |
| LTM Revenue Growth | 48.9% | 9.9% | 7.1% | 38.9% | 39.2% | -35.7% |
| LTM Operating Margin | 26.2% | 34.8% | 25.3% | 21.1% | 21.1% | 4.9% |
| LTM FCF Margin | 4.5% | 12.0% | 35.4% | 9.0% | 9.6% | 17.1% |
| 12M Market Return | 114.0% | -22.5% | 4.7% | 177.0% | 213.9% | -17.2% |
Why does this matter? MU just went up 21.3% in a month – peer comparison puts stock performance, valuation, and financials in context – highlighting whether it is truly outperforming, lagging behind, and above all – can this continue? Read Buy or Sell MU Stock to see if Micron Technology holds up as a quality investment. Furthermore, there is always a risk of fall after a strong rally – see how the stock has dipped and recovered in the past through MU Dip Buyer Analysis lens.
Revenue Growth Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| MU | 48.9% | 48.9% | 61.6% | -49.5% | |
| TXN | 9.9% | – | -10.7% | -12.5% | 9.2% |
| ADI | 7.1% | – | -23.4% | 2.4% | 64.2% |
| STX | 38.9% | 38.9% | -11.3% | -36.7% | |
| WDC | 39.2% | 50.7% | 1.0% | -66.7% | |
| MCHP | -35.7% | -42.3% | -9.5% | 23.7% |
Operating Margin Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| MU | 26.2% | 26.2% | 5.2% | -34.8% | |
| TXN | 34.8% | – | 34.1% | 41.8% | 51.9% |
| ADI | 25.3% | – | 22.0% | 32.4% | 29.6% |
| STX | 21.1% | 21.1% | 6.4% | 0.8% | |
| WDC | 21.1% | 22.4% | 1.5% | -6.4% | |
| MCHP | 4.9% | 8.5% | 33.5% | 36.9% |
PE Ratio Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| MU | 31.3 | 11.0 | 121.2 | -9.4 | |
| TXN | 29.1 | – | 35.6 | 23.8 | 17.3 |
| ADI | 58.8 | – | 64.5 | 30.1 | 31.0 |
| STX | 40.8 | 12.5 | 53.3 | -20.6 | |
| WDC | 30.7 | 11.1 | -21.4 | -6.0 | |
| MCHP | -215.6 | -61628.3 | 25.6 | 17.3 |
While peer comparison is critical, the Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 — the S&P 500, S&P mid-cap, and Russell 2000 indices. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.