M

Micron Technology, Inc.

MU · CIK 0000723125

17 fiscal years · 66 SEC filings · every number carries its receipt

Revenue (FY)
$37.38B48.9%
FY2025
Net income (FY)
$8.54B997.6%
FY2025
Free cash flow (FY)
$1.67B1,278.5%
FY2025
Diluted EPS (FY)
$7.59984.3%
FY2025
The story, charted

The shape of the business

FY2009–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$20B$40BFY2009 · Revenue $4.80B · Net income −$1.88B · 0000723125-11-000189 · filed 2011-10-25FY09Revenue $4.80BNet income −$1.88B0000723125-11-000189 · filed 2011-10-25FY2010 · Revenue $8.48B · Net income $1.85B · 0000723125-12-000156 · filed 2012-10-29FY10Revenue $8.48BNet income $1.85B0000723125-12-000156 · filed 2012-10-29FY2011 · Revenue $8.79B · Net income $167.0M · 0000723125-13-000228 · filed 2013-10-28FY11Revenue $8.79BNet income $167.0M0000723125-13-000228 · filed 2013-10-28FY2012 · Revenue $8.23B · Net income −$1.03B · 0000723125-14-000195 · filed 2014-10-27FY12Revenue $8.23BNet income −$1.03B0000723125-14-000195 · filed 2014-10-27FY2013 · Revenue $9.07B · Net income $1.19B · 0000723125-15-000112 · filed 2015-10-27FY13Revenue $9.07BNet income $1.19B0000723125-15-000112 · filed 2015-10-27FY2014 · Revenue $16.36B · Net income $3.04B · 0000723125-16-000269 · filed 2016-10-28FY14Revenue $16.36BNet income $3.04B0000723125-16-000269 · filed 2016-10-28FY2015 · Revenue $16.19B · Net income $2.90B · 0000723125-17-000131 · filed 2017-10-26FY15Revenue $16.19BNet income $2.90B0000723125-17-000131 · filed 2017-10-26FY2016 · Revenue $12.40B · Net income −$276.0M · 0000723125-18-000092 · filed 2018-10-15FY16Revenue $12.40BNet income −$276.0M0000723125-18-000092 · filed 2018-10-15FY2017 · Revenue $20.32B · Net income $5.09B · 0000723125-19-000094 · filed 2019-10-17FY17Revenue $20.32BNet income $5.09B0000723125-19-000094 · filed 2019-10-17FY2018 · Revenue $30.39B · Net income $14.13B · 0000723125-20-000082 · filed 2020-10-19FY18Revenue $30.39BNet income $14.13B0000723125-20-000082 · filed 2020-10-19FY2019 · Revenue $23.41B · Net income $6.31B · 0000723125-21-000065 · filed 2021-10-08FY19Revenue $23.41BNet income $6.31B0000723125-21-000065 · filed 2021-10-08FY2020 · Revenue $21.43B · Net income $2.69B · 0000723125-22-000048 · filed 2022-10-07FY20Revenue $21.43BNet income $2.69B0000723125-22-000048 · filed 2022-10-07FY2021 · Revenue $27.70B · Net income $5.86B · 0000723125-23-000054 · filed 2023-10-06FY21Revenue $27.70BNet income $5.86B0000723125-23-000054 · filed 2023-10-06FY2022 · Revenue $30.76B · Net income $8.69B · 0000723125-24-000027 · filed 2024-10-04FY22Revenue $30.76BNet income $8.69B0000723125-24-000027 · filed 2024-10-04FY2023 · Revenue $15.54B · Net income −$5.83B · 0000723125-25-000028 · filed 2025-10-03FY23Revenue $15.54BNet income −$5.83B0000723125-25-000028 · filed 2025-10-03FY2024 · Revenue $25.11B · Net income $778.0M · 0000723125-25-000028 · filed 2025-10-03FY24Revenue $25.11BNet income $778.0M0000723125-25-000028 · filed 2025-10-03FY2025 · Revenue $37.38B · Net income $8.54B · 0000723125-25-000028 · filed 2025-10-03FY25Revenue $37.38BNet income $8.54B0000723125-25-000028 · filed 2025-10-03FY25Revenue $37.38BNet income $8.54B0000723125-25-000028 · filed 2025-10-03FY09FY11FY13FY15FY17FY19FY21FY23FY25

revenue 7.8× since FY2009 · net margin -39.2% → 22.8%

MarginsNet marginFCF margin
0%50%FY2009 · Net margin -39.2% · FCF margin 14.9%FY09Net margin -39.2%FCF margin 14.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · Net margin 21.8% · FCF margin 29.2%FY10Net margin 21.8%FCF margin 29.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin 1.9% · FCF margin -0.8%FY11Net margin 1.9%FCF margin -0.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin -12.5% · FCF margin 5.0%FY12Net margin -12.5%FCF margin 5.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 13.1% · FCF margin 4.1%FY13Net margin 13.1%FCF margin 4.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 18.6% · FCF margin 15.8%FY14Net margin 18.6%FCF margin 15.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin 17.9% · FCF margin 7.3%FY15Net margin 17.9%FCF margin 7.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin -2.2% · FCF margin -21.4%FY16Net margin -2.2%FCF margin -21.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 25.0% · FCF margin 16.8%FY17Net margin 25.0%FCF margin 16.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 46.5% · FCF margin 28.0%FY18Net margin 46.5%FCF margin 28.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 27.0% · FCF margin 14.6%FY19Net margin 27.0%FCF margin 14.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin 12.5% · FCF margin 0.4%FY20Net margin 12.5%FCF margin 0.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 21.2% · FCF margin 8.8%FY21Net margin 21.2%FCF margin 8.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 28.2% · FCF margin 10.1%FY22Net margin 28.2%FCF margin 10.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin -37.5% · FCF margin -39.4%FY23Net margin -37.5%FCF margin -39.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 3.1% · FCF margin 0.5%FY24Net margin 3.1%FCF margin 0.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 22.8% · FCF margin 4.5%FY25Net margin 22.8%FCF margin 4.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 22.8%FCF margin 4.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’09’13’17’21’25

FY2025: net 22.8% · free cash flow 4.5% of revenue

Cash engineOperating cash flowFree cash flow
$0$10BFY2009 · OCF $1.21B · FCF $718.0M · 0000723125-11-000189 · filed 2011-10-25FY09OCF $1.21BFCF $718.0M0000723125-11-000189 · filed 2011-10-25FY2010 · OCF $3.10B · FCF $2.48B · 0000723125-12-000156 · filed 2012-10-29FY10OCF $3.10BFCF $2.48B0000723125-12-000156 · filed 2012-10-29FY2011 · OCF $2.48B · FCF −$66.0M · 0000723125-12-000156 · filed 2012-10-29FY11OCF $2.48BFCF −$66.0M0000723125-12-000156 · filed 2012-10-29FY2012 · OCF $2.11B · FCF $415.0M · 0000723125-12-000156 · filed 2012-10-29FY12OCF $2.11BFCF $415.0M0000723125-12-000156 · filed 2012-10-29FY2013 · OCF $1.81B · FCF $369.0M · 0000723125-15-000112 · filed 2015-10-27FY13OCF $1.81BFCF $369.0M0000723125-15-000112 · filed 2015-10-27FY2014 · OCF $5.70B · FCF $2.59B · 0000723125-16-000269 · filed 2016-10-28FY14OCF $5.70BFCF $2.59B0000723125-16-000269 · filed 2016-10-28FY2015 · OCF $5.21B · FCF $1.19B · 0000723125-17-000131 · filed 2017-10-26FY15OCF $5.21BFCF $1.19B0000723125-17-000131 · filed 2017-10-26FY2016 · OCF $3.17B · FCF −$2.65B · 0000723125-18-000092 · filed 2018-10-15FY16OCF $3.17BFCF −$2.65B0000723125-18-000092 · filed 2018-10-15FY2017 · OCF $8.15B · FCF $3.42B · 0000723125-19-000094 · filed 2019-10-17FY17OCF $8.15BFCF $3.42B0000723125-19-000094 · filed 2019-10-17FY2018 · OCF $17.40B · FCF $8.52B · 0000723125-20-000082 · filed 2020-10-19FY18OCF $17.40BFCF $8.52B0000723125-20-000082 · filed 2020-10-19FY2019 · OCF $13.19B · FCF $3.41B · 0000723125-21-000065 · filed 2021-10-08FY19OCF $13.19BFCF $3.41B0000723125-21-000065 · filed 2021-10-08FY2020 · OCF $8.31B · FCF $83.0M · 0000723125-22-000048 · filed 2022-10-07FY20OCF $8.31BFCF $83.0M0000723125-22-000048 · filed 2022-10-07FY2021 · OCF $12.47B · FCF $2.44B · 0000723125-23-000054 · filed 2023-10-06FY21OCF $12.47BFCF $2.44B0000723125-23-000054 · filed 2023-10-06FY2022 · OCF $15.18B · FCF $3.11B · 0000723125-24-000027 · filed 2024-10-04FY22OCF $15.18BFCF $3.11B0000723125-24-000027 · filed 2024-10-04FY2023 · OCF $1.56B · FCF −$6.12B · 0000723125-25-000028 · filed 2025-10-03FY23OCF $1.56BFCF −$6.12B0000723125-25-000028 · filed 2025-10-03FY2024 · OCF $8.51B · FCF $121.0M · 0000723125-25-000028 · filed 2025-10-03FY24OCF $8.51BFCF $121.0M0000723125-25-000028 · filed 2025-10-03FY2025 · OCF $17.52B · FCF $1.67B · 0000723125-25-000028 · filed 2025-10-03FY25OCF $17.52BFCF $1.67B0000723125-25-000028 · filed 2025-10-03FY25OCF $17.52BFCF $1.67B0000723125-25-000028 · filed 2025-10-03’09’13’17’21’25

FY2025: $17.52B operating cash − $15.86B capex = $1.67B free cash flow

Returns on capitalReturn on equityReturn on assets
0%20%40%FY2010 · ROE 23.1% · ROA 12.6%FY10ROE 23.1%ROA 12.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE 2.0% · ROA 1.1%FY11ROE 2.0%ROA 1.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE -13.4% · ROA -7.2%FY12ROE -13.4%ROA -7.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE 13.0% · ROA 6.2%FY13ROE 13.0%ROA 6.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 28.3% · ROA 13.6%FY14ROE 28.3%ROA 13.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE 23.6% · ROA 12.0%FY15ROE 23.6%ROA 12.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE -2.3% · ROA -1.0%FY16ROE -2.3%ROA -1.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 27.3% · ROA 14.4%FY17ROE 27.3%ROA 14.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 43.8% · ROA 32.6%FY18ROE 43.8%ROA 32.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 17.6% · ROA 12.9%FY19ROE 17.6%ROA 12.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE 6.9% · ROA 5.0%FY20ROE 6.9%ROA 5.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 13.3% · ROA 10.0%FY21ROE 13.3%ROA 10.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 17.4% · ROA 13.1%FY22ROE 17.4%ROA 13.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE -13.2% · ROA -9.1%FY23ROE -13.2%ROA -9.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 1.7% · ROA 1.1%FY24ROE 1.7%ROA 1.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 15.8% · ROA 10.3%FY25ROE 15.8%ROA 10.3%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 15.8%ROA 10.3%derived: net income ÷ equity · derived: net income ÷ assets’13’17’21’25

return on equity 23% (FY2010) → 16% (FY2025) · on assets 10.3%

Balance sheetLiabilitiesEquity
$0$50BFY2010 · Liabilities $4.88B · Equity $8.02BFY10Liabilities $4.88BEquity $8.02B0000723125-11-000189 · filed 2011-10-25FY2011 · Liabilities $4.90B · Equity $8.47BFY11Liabilities $4.90BEquity $8.47B0000723125-12-000156 · filed 2012-10-29FY2012 · Liabilities $5.91B · Equity $7.70BFY12Liabilities $5.91BEquity $7.70B0000723125-13-000228 · filed 2013-10-28FY2013 · Liabilities $9.11B · Equity $9.14BFY13Liabilities $9.11BEquity $9.14B0000723125-14-000195 · filed 2014-10-27FY2014 · Liabilities $10.79B · Equity $10.76BFY14Liabilities $10.79BEquity $10.76B0000723125-15-000112 · filed 2015-10-27FY2015 · Liabilities $10.86B · Equity $12.30BFY15Liabilities $10.86BEquity $12.30B0000723125-16-000269 · filed 2016-10-28FY2016 · Liabilities $14.61B · Equity $12.08BFY16Liabilities $14.61BEquity $12.08B0000723125-17-000131 · filed 2017-10-26FY2017 · Liabilities $15.85B · Equity $18.62BFY17Liabilities $15.85BEquity $18.62B0000723125-18-000092 · filed 2018-10-15FY2018 · Liabilities $10.11B · Equity $32.29BFY18Liabilities $10.11BEquity $32.29B0000723125-19-000094 · filed 2019-10-17FY2019 · Liabilities $12.02B · Equity $35.88BFY19Liabilities $12.02BEquity $35.88B0000723125-20-000082 · filed 2020-10-19FY2020 · Liabilities $14.68B · Equity $39.00BFY20Liabilities $14.68BEquity $39.00B0000723125-21-000065 · filed 2021-10-08FY2021 · Liabilities $14.92B · Equity $43.93BFY21Liabilities $14.92BEquity $43.93B0000723125-22-000048 · filed 2022-10-07FY2022 · Liabilities $16.38B · Equity $49.91BFY22Liabilities $16.38BEquity $49.91B0000723125-23-000054 · filed 2023-10-06FY2023 · Liabilities $20.13B · Equity $44.12BFY23Liabilities $20.13BEquity $44.12B0000723125-24-000027 · filed 2024-10-04FY2024 · Liabilities $24.29B · Equity $45.13BFY24Liabilities $24.29BEquity $45.13B0000723125-25-000028 · filed 2025-10-03FY2025 · Liabilities $28.63B · Equity $54.16BFY25Liabilities $28.63BEquity $54.16B0000723125-25-000028 · filed 2025-10-03FY25Liabilities $28.63BEquity $54.16B0000723125-25-000028 · filed 2025-10-03’13’17’21’25

FY2025: $82.80B assets · $28.63B liabilities · $54.16B equity

The receipts

Financial statements

USD in millions except per-share and share counts. Every value links to the filing it came from — hover for the us-gaap tag, click for the 10-K/10-Q on sec.gov.

Figures as reported in SEC filings, normalized by stonks with the tag mapping shown on hover; missing tags render as “—”, never as zero. Free cash flow is derived (operating cash flow − capex) with both parents recorded in its lineage. See methodology.