Qorvo, Inc. (QRVO) vs Silicon Laboratories, Inc. (SLAB)

Qorvo, Inc. and Silicon Laboratories, Inc. are both Semiconductors companies. Qorvo, Inc. is the larger, with a market value of $10.3B against $7.4B — 1.4× the size. Silicon Laboratories, Inc. has negative trailing earnings, so its P/E is not meaningful; Qorvo, Inc. trades at 27.1×. Silicon Laboratories, Inc. grew revenue faster over the last twelve months: 21.7% against −0.18%. Qorvo, Inc. has the higher net margin (11.0% vs −4.57%) and the higher return on invested capital (8.09% vs −3.88%). Across the 19 metrics below, Qorvo, Inc. leads on 13 and Silicon Laboratories, Inc. on 6.

Valuation

Metric QRVO SLAB Semiconductors median
P/E 27.12 n/m 49.41
P/S 2.85 8.58 8.58
P/B 2.99 6.71 5.49
Price to free cash flow 14.81 n/m 47.02
EV/EBITDA 13.68 n/m 30.78
EV/Sales 3.02 8.79 8.79
Earnings yield 3.69% (0.53%) 0.62%
Free cash flow yield 6.75% (0.07%) 0.59%

Profitability

Metric QRVO SLAB Semiconductors median
Gross margin 48.22% 60.61% 52.25%
Operating margin 13.12% (5.06%) 4.85%
Net margin 10.95% (4.57%) 4.77%
Free cash flow margin 19.24% (0.63%) 8.65%
Return on equity 11.56% (3.63%) 3.11%
Return on assets 6.69% (3.16%) 1.91%
Return on invested capital 8.09% (3.88%) 2.46%

Growth

Metric QRVO SLAB Semiconductors median
Revenue growth (TTM) (0.18%) 21.71% 16.66%
EPS growth (last fiscal year) 524.14% 66.61% —
Revenue growth, 5-year CAGR (1.74%) 8.96% 5.60%
Net income growth, 5-year CAGR (14.31%) 0.00% 0.00%

Health

Metric QRVO SLAB Semiconductors median
Debt to equity 0.45 0.00 0.05
Current ratio 3.54 5.41 3.35
Net debt to EBITDA 0.44 13.67 0.58

Dividend

Metric QRVO SLAB Semiconductors median
Dividend yield — — 1.93%
Payout ratio 0.00 0.00 0.00

Size

Metric QRVO SLAB Semiconductors median
Market cap 10.26b 7.39b 5.67b

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