MTSI vs TSM vs ADI Stock Comparison

MACOM Technology Solutions Holdings, Taiwan Semiconductor Manufacturing and Analog Devices Prices as of Oct 27, 2026 Peers: Industry group
ADI Analog Devices Inc
$425.35 +8.1% 1M +75.0% 1Y
Market cap
$206.71B
P/E
50.0x
Revenue (TTM)
$13.88B
Div. yield
0.01%
Semiconductor Manufacturing Technology
2 wins

Head to Head

11 decided of 12

Taiwan Semiconductor Manufacturing leads on 8 of the 12 questions below (Taiwan Semiconductor Manufacturing 8, Analog Devices 2, MACOM Technology Solutions Holdings 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionMTSITSMADILeader
Larger companyMarket capitalisation $19.59B $2.27T $206.71B TSM
Cheaper on earningsLower P/E, profitable companies only 81.3x 28.9x 50.0x TSM
Cheaper on forward earningsLower price / next fiscal year consensus EPS 44.9x 26.0x 34.5x TSM
Faster revenue growthRevenue growth, trailing twelve months +28.4% +34.4% +33.6% TSM
More profitableNet margin, trailing twelve months 20.7% 55.0% 29.8% TSM
Better return on capitalReturn on invested capital 9.8% 33.4% 10.2% TSM
Less leveragedLower net debt / EBITDA -1.2x -1.0x 1.0x MTSI
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.01% –
Better 1-year returnPrice return, last 12 months +74.7% +46.5% +75.0% ADI
Better 5-year returnAnnualised price return, 5 years +29.7%/yr +30.4%/yr +19.8%/yr TSM
Less volatileAnnualised volatility, 1 year 66.2% 39.2% 36.6% ADI
Higher overall scoreMean of the five percentile scores vs peers 58/100 74/100 62/100 TSM

Percentile Scorecard

MTSITSMADI

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisMTSITSMADI
Valuation 30 #66 of 94 67 #32 of 94 50 #48 of 94
Growth 81 #18 of 92 87 #13 of 92 80 #19 of 92
Profitability 69 #29 of 90 92 #8 of 90 82 #17 of 90
Financial Health 52 #48 of 99 68 #32 of 99 31 #69 of 99
Shareholder Returns 57 #32 of 73 56 #33 of 73 69 #23 of 73
Overall 58 74 62
  • MTSI ranked among 103 companies in Semiconductors
  • TSM ranked among 103 companies in Semiconductors
  • ADI ranked among 103 companies in Semiconductors

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodMTSITSMADISPY
1 month -10.5%-3.0%+8.1% -0.2%
3 months +2.6%+11.4%+16.3% +3.9%
6 months -3.7%+11.4%+11.0% +8.2%
Year to date +49.3%+43.8%+56.8% +12.9%
1 year +74.7%+46.5%+75.0% +12.3%
3 years +255.1%+408.1%+164.9% +87.4%
3 years, per year +52.6%+72.0%+38.4% +23.3%
5 years +267.2%+276.6%+146.6% +67.9%
5 years, per year +29.7%+30.4%+19.8% +10.9%
10 years +600.1%+1,319.8%+572.3% +261.1%
10 years, per year +21.5%+30.4%+21.0% +13.7%

Risk

MeasureMTSITSMADISPY
Volatility, 1Y 66.2%39.2%36.6% 12.7%
Downside volatility, 1Y 76.0%39.1%36.5% 12.7%
Beta vs S&P 500, 1Y 2.382.141.73 1.00
Return / volatility, 1Y 1.131.182.05 0.97
Max drawdown, 5Y -44.9%-57.1%-32.5% -25.4%
From 52-week high -37.6%-10.1%-4.5% -1.2%
52-week high $409.68$485.91$445.48 $779.14
52-week low $144.13$275.06$225.20 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleMTSITSMADI
P/E now vs peer median 81.0xmedian 45.6x 28.8xmedian 45.6x 50.0xmedian 45.6x
P/S now vs peer median 16.8xmedian 7.7x 15.9xmedian 7.7x 14.8xmedian 7.7x
EV/EBITDA now vs peer median 69.8xmedian 29.0x 21.3xmedian 29.0x 30.8xmedian 29.0x
P/FCF now vs peer median 95.7xmedian 40.6x 26.8xmedian 40.6x 41.7xmedian 40.6x
P/B now vs peer median 12.7xmedian 4.6x 11.2xmedian 4.6x 6.1xmedian 4.6x
PEG now vs peer median -7.69median 2.28 0.81median 2.28 11.59median 2.28

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsMTSITSMADI
Revenue $1.16B $142.94B $13.88B
Gross profit $658.07M $91.71B $9.13B
Operating income $210.84M $80.08B $4.93B
Net income $240.93M $74.55B $4.14B
Free cash flow $204.08M $84.59B $4.94B
R&D $272.63M $8.68B $1.98B
EPS (diluted) $3.07 $15.16 $8.46
Cash & equivalents $89.60M $98.36B $2.17B
Total debt $1.68B $22.36B $9.12B
Shares (diluted) 78.41M 5.19B 488.84M
Enterprise value $16.70B $1.90T $193.25B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricMTSITSMADI
P/E 81.0x 28.8x 50.0x
P/FCF 95.7x 26.8x 41.7x
P/Operating cash flow 72.0x 26.8x 37.2x
P/S 16.8x 15.9x 14.8x
P/B 12.7x 11.2x 6.1x
P/Tangible book 13.2x 11.2x 7.9x
EV/EBITDA 69.8x 21.3x 30.8x
EV/EBIT 91.1x 27.1x 43.1x
EV/Revenue 16.5x 15.2x 15.3x
EV/FCF 94.1x 25.6x 43.1x
EV/Operating cash flow 70.8x 25.6x 38.4x
PEG (3Y EPS CAGR) -7.69 0.81 11.59

Growth

14 metrics
MetricMTSITSMADI
Revenue growth (1Y) 28.4% 34.4% 33.6%
Revenue CAGR (3Y) 19.8% 25.3% 2.6%
Gross profit growth (1Y) 32.5% 47.2% 46.2%
Gross profit CAGR (3Y) 17.3% 29.2% 2.9%
Operating income growth (1Y) 79.3% 52.1% 93.0%
Operating income CAGR (3Y) 17.8% 32.0% 4.8%
Net income growth (1Y) 444.6% 57.8% 111.2%
Net income CAGR (3Y) -7.7% 33.5% 3.3%
EPS growth (1Y) 433.4% 80.8% 114.6%
EPS CAGR (3Y) -10.5% 35.6% 4.3%
Operating cash flow growth (1Y) 18.9% 27.1% 33.2%
Operating cash flow CAGR (3Y) 15.4% 21.4% 5.1%
Free cash flow growth (1Y) 1.8% 27.1% 34.2%
Free cash flow CAGR (3Y) 10.8% 21.4% 10.2%

Profitability

14 metrics
MetricMTSITSMADI
Gross margin 56.5% 64.2% 65.8%
EBITDA margin 23.6% 71.4% 49.8%
Operating margin 18.1% 56.0% 35.5%
Pretax margin 24.6% 60.0% 33.9%
Net margin 20.7% 55.0% 29.8%
FCF margin 17.5% 59.2% 35.6%
Operating cash flow margin 23.3% 59.2% 39.9%
Return on equity 16.3% 37.3% 12.3%
Return on assets 11.6% 7.1% 8.6%
Return on invested capital 9.8% 33.4% 10.2%
Return on capital employed 13.4% 8.4% 11.6%
Asset turnover 0.6x 0.1x 0.3x
Cash conversion (OCF / net income) 1.1x 1.1x 1.3x
Stock comp / revenue 7.2% 0.0% 2.5%

Financial Health

11 metrics
MetricMTSITSMADI
Debt / assets 15.9% 2.3% 18.8%
Debt / equity 0.2x 0.0x 0.3x
Net debt / EBITDA -1.2x -1.0x 1.0x
Debt / FCF 1.7x 0.1x 1.8x
Liabilities / assets 28.2% 31.4% 30.7%
Equity / assets 71.8% 68.6% 69.3%
Interest coverage – 191.8x 14.1x
Current ratio 2.3x 2.5x 1.3x
Quick ratio 1.7x 2.0x 0.8x
Cash ratio 1.3x 1.8x 0.4x
Altman Z-score 20.55 17.85 9.33

Shareholder Returns

7 metrics
MetricMTSITSMADI
Dividend yield – 0.9% 1.0%
Net buyback yield 0.2% – 1.5%
Shareholder yield 0.2% 0.9% 2.5%
Payout ratio (earnings) – – 49.4%
Payout ratio (FCF) – – 41.4%
Dividend growth (1Y) – – 7.8%
Dividend CAGR (3Y) – – 7.6%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusMTSITSMADI
Forward P/E 44.9xFY2026 26.0xFY2026 34.5xFY2026
EPS, next fiscal year $5.69FY2026 $16.82FY2026 $12.33FY2026
EPS growth, next FY +64.0%FY2026 +60.3%FY2026 +58.3%FY2026
EPS growth, the year after +42.9% +40.1% +27.0%
Revenue, next fiscal year $1.35BFY2026 $178.59BFY2026 $15.85BFY2026
Revenue growth, next FY +39.4%FY2026 +48.0%FY2026 +43.8%FY2026
Revenue growth, the year after +42.5% +41.0% +19.8%
MTSI estimates →TSM estimates →ADI estimates →

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersMTSITSMADI
Held by institutions 95.8% 14.8% 90.9%
Institutions holding 652 3,569 2,288
Change in shares held, QoQ -1.3% -0.6% +4.5%
Institutions buying 396 1,903 1,182
Institutions selling 189 1,292 820
Buyers to sellers 2.10 1.47 1.44
MTSI holders →TSM holders →ADI holders →

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

MTSITSMADI
MTSI 1.00 0.61 0.58
TSM 0.61 1.00 0.56
ADI 0.58 0.56 1.00

Add a Peer

Largest companies in the same industry
MTSI · Semiconductor Manufacturing
+MUMicron Technology +INTCIntel +TXNTexas Instruments +NXPINXP Semiconductors +UMCUnited Microelectronics +STMSTMicroelectronics +MCHPMicrochip Technology +ONOn Semiconductor
Plot all 25 Semiconductor Manufacturing stocks →

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Frequently Asked Questions

Which is bigger, MTSI, TSM and ADI?

Taiwan Semiconductor Manufacturing (TSM) is the largest by market capitalisation: MACOM Technology Solutions Holdings (MTSI) $19.59B, Taiwan Semiconductor Manufacturing (TSM) $2.27T, Analog Devices (ADI) $206.71B.

Which stock is cheaper, MTSI, TSM and ADI?

Taiwan Semiconductor Manufacturing (TSM) trades on the lowest price-to-earnings ratio (MACOM Technology Solutions Holdings (MTSI) 81.3x, Taiwan Semiconductor Manufacturing (TSM) 28.9x, Analog Devices (ADI) 50.0x). On next year's consensus earnings, Taiwan Semiconductor Manufacturing (TSM) is cheapest (MACOM Technology Solutions Holdings (MTSI) 44.9x, Taiwan Semiconductor Manufacturing (TSM) 26.0x, Analog Devices (ADI) 34.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Taiwan Semiconductor Manufacturing (TSM) grew revenue fastest over the trailing twelve months: MACOM Technology Solutions Holdings (MTSI) +28.4%, Taiwan Semiconductor Manufacturing (TSM) +34.4%, Analog Devices (ADI) +33.6%.

Which company is more profitable?

Taiwan Semiconductor Manufacturing (TSM) has the highest net margin (MACOM Technology Solutions Holdings (MTSI) 20.7%, Taiwan Semiconductor Manufacturing (TSM) 55.0%, Analog Devices (ADI) 29.8%). On return on invested capital, Taiwan Semiconductor Manufacturing (TSM) leads (MACOM Technology Solutions Holdings (MTSI) 9.8%, Taiwan Semiconductor Manufacturing (TSM) 33.4%, Analog Devices (ADI) 10.2%).

Which stock has performed better?

Over the past year Analog Devices (ADI) returned the most: MACOM Technology Solutions Holdings (MTSI) +74.7%, Taiwan Semiconductor Manufacturing (TSM) +46.5%, Analog Devices (ADI) +75.0%. Over five years, Taiwan Semiconductor Manufacturing (TSM) compounded fastest (MACOM Technology Solutions Holdings (MTSI) +29.7%/yr, Taiwan Semiconductor Manufacturing (TSM) +30.4%/yr, Analog Devices (ADI) +19.8%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: MACOM Technology Solutions Holdings (MTSI) 0.00%, Taiwan Semiconductor Manufacturing (TSM) 0.00%, Analog Devices (ADI) 0.01%. MACOM Technology Solutions Holdings (MTSI) and Taiwan Semiconductor Manufacturing (TSM) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Analog Devices (ADI) has been the steadiest (MACOM Technology Solutions Holdings (MTSI) 66.2%, Taiwan Semiconductor Manufacturing (TSM) 39.2%, Analog Devices (ADI) 36.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, MTSI, TSM and ADI?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Taiwan Semiconductor Manufacturing (TSM) leads on 8. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.