Arteris, Inc. (AIP) vs Ambiq Micro, Inc. (AMBQ)

Arteris, Inc. and Ambiq Micro, Inc. are both Semiconductors companies. Ambiq Micro, Inc. is the larger, with a market value of $1.7B against $1.2B — 1.4× the size. Arteris, Inc. grew revenue faster over the last twelve months: 33.8% against 32.0%. Ambiq Micro, Inc. has the higher net margin (−37.8% vs −46.7%) and the lower return on invested capital (−70.0% vs 0.00%). Across the 17 metrics below, Ambiq Micro, Inc. leads on 10 and Arteris, Inc. on 7.

Valuation

Metric AIP AMBQ Semiconductors median
P/E n/m n/m 49.41
P/S 13.35 15.50 8.58
P/B 16.69 3.75 5.49
Price to free cash flow 166.93 n/m 47.02
EV/EBITDA n/m n/m 30.78
EV/Sales 11.95 11.76 8.79
Earnings yield (3.64%) (3.04%) 0.62%
Free cash flow yield 0.60% (2.64%) 0.59%

Profitability

Metric AIP AMBQ Semiconductors median
Gross margin 87.61% 43.62% 52.25%
Operating margin (47.73%) (43.34%) 4.85%
Net margin (46.70%) (37.77%) 4.77%
Free cash flow margin 8.00% (40.89%) 8.65%
Return on equity (131.41%) (75.94%) 3.11%
Return on assets (23.84%) (14.09%) 1.91%
Return on invested capital 0.00% (69.96%) 2.46%

Growth

Metric AIP AMBQ Semiconductors median
Revenue growth (TTM) 33.81% 32.04% 16.66%
EPS growth (last fiscal year) 4.65% 95.98% —
Revenue growth, 5-year CAGR 17.28% — 5.60%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric AIP AMBQ Semiconductors median
Debt to equity 0.05 0.00 0.05
Current ratio 1.57 15.95 3.35
Net debt to EBITDA 1.71 4.34 0.58

Dividend

Metric AIP AMBQ Semiconductors median
Dividend yield — — 1.93%
Payout ratio 0.00 — 0.00

Size

Metric AIP AMBQ Semiconductors median
Market cap 1.20b 1.68b 5.67b

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