MACOM Technology Solutions Holdings, Inc.
MTSI Technology Semiconductors
MACOM Technology Solutions Holdings, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $967.3 million, up 32.6% from fiscal 2024. In the quarter to June 2026, revenue grew 35.8%, EPS grew 169.4%, free cash flow grew 165.5% and total debt fell 28.3%, each against the same quarter a year earlier. Revenue growth for three consecutive years.
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MACOM Technology Solutions Holdings, Inc. (MTSI) Altman Z-score
MACOM Technology Solutions Holdings, Inc.'s Altman Z-score for fiscal 2025 is 8.12, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 8.12 | (0.46) |
| FY2024 | 8.58 | 1.93 |
| FY2023 | 6.65 | 2.74 |
| FY2022 | 3.91 | (0.34) |
| FY2021 | 4.26 | 2.80 |
| FY2020 | 1.46 | 1.72 |
| FY2019 | −0.26 | (1.29) |
| FY2018 | 1.03 | (1.35) |
| FY2017 | 2.38 | (0.39) |
| FY2016 | 2.77 | (0.07) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.42 | — | 0.50 | |
| Retained earnings / total assets | (0.11) | — | −0.16 | |
| EBIT / total assets | 0.06 | — | 0.20 | |
| Market value of equity / total liabilities | 11.87 | — | 7.12 | |
| Sales / total assets | 0.46 | — | 0.46 | |
| Altman Z-score | Safe zone | 8.12 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 4.58 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| CRDO Credo Technology Group Holding Ltd. compare | 82.7× |
| SITM SiTime Corporation compare | 38.8× |
| LSCC Lattice Semiconductor Corporation compare | 37.1× |
| TSEM Tower Semiconductor Ltd. compare | 20.5× |
| MTSI MACOM Technology Solutions Holdings, Inc. | 8.1× |
| SMTC Semtech Corporation compare | 5.6× |
| SWKS Skyworks Solutions, Inc. compare | 5.3× |
| ON ON Semiconductor Corporation compare | 4.6× |
| GFS GlobalFoundries Inc. compare | 2.1× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets