Where Does Micron Technology Stock Rank Among Competitors?
Micron‘s stock has surged over the past year, but how does it truly compare to peers like STX and WDC in the expanding AI and data-center landscape? As of 12/19/2025, a deeper look reveals leading revenue growth and a moderate valuation, supported by robust operating margins. However, its free cash flow margin is less competitive, and while Micron is “sold out” on 2026 HBM supply, the inherently cyclical memory market may still temper future upside.
- MU’s 32.5% operating margin is strong, reflecting tight memory supply/AI demand, though lower than TXN’s 34.8% from analog chip leadership.
- MU’s 45.4% revenue growth, outpacing peers, is driven by surging AI infrastructure memory demand and tight DRAM/NAND supply.
- MU gained 206.6% (PE 25.1), but STX/WDC saw stronger returns from soaring AI/cloud data storage demand and HDD tech advancements.
Here’s how Micron Technology stacks up across size, valuation, and profitability versus key peers.
| MU | TXN | ADI | STX | WDC | MCHP | |
|---|---|---|---|---|---|---|
| Market Cap ($ Bil) | 299.2 | 160.2 | 134.7 | 63.7 | 63.4 | 35.1 |
| Revenue ($ Bil) | 42.3 | 17.3 | 11.0 | 9.1 | 13.3 | 4.2 |
| PE Ratio | 25.1 | 31.8 | 59.4 | 43.4 | 33.9 | -189.4 |
| LTM Revenue Growth | 45.4% | 9.9% | 16.9% | 38.9% | 39.2% | -23.4% |
| LTM Operating Margin | 32.5% | 34.8% | 27.2% | 21.1% | 21.1% | 3.7% |
| LTM FCF Margin | 11.0% | 12.0% | 38.8% | 9.0% | 9.6% | 17.9% |
| 12M Market Return | 206.6% | -1.3% | 34.3% | 244.2% | 307.8% | 19.6% |
For more details on Micron Technology, read Buy or Sell MU Stock. Below we compare MU’s growth, margin, and valuation with peers across years
Revenue Growth Comparison
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| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| MU | 45.4% | 48.9% | 61.6% | -49.5% | |
| TXN | 9.9% | – | -10.7% | -12.5% | 9.2% |
| ADI | 16.9% | 16.9% | -23.4% | 2.4% | |
| STX | 38.9% | 38.9% | -11.3% | -36.7% | |
| WDC | 39.2% | 50.7% | 1.0% | -66.7% | |
| MCHP | -23.4% | -42.3% | -9.5% | 23.7% |
Operating Margin Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| MU | 32.5% | 26.2% | 5.2% | -34.8% | |
| TXN | 34.8% | – | 34.1% | 41.8% | 51.9% |
| ADI | 27.2% | 27.2% | 22.0% | 32.4% | |
| STX | 21.1% | 21.1% | 6.4% | 0.8% | |
| WDC | 21.1% | 22.4% | 1.5% | -6.4% | |
| MCHP | 3.7% | 8.5% | 33.5% | 36.9% |
PE Ratio Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| MU | 25.1 | 11.0 | 121.2 | -9.4 | |
| TXN | 31.8 | – | 35.6 | 23.8 | 17.3 |
| ADI | 59.4 | 46.3 | 60.2 | 24.9 | |
| STX | 43.4 | 12.5 | 53.3 | -20.6 | |
| WDC | 33.9 | 11.1 | -21.4 | -6.0 | |
| MCHP | -189.4 | -61628.3 | 25.6 | 17.3 |
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