Micron technology income and profitably vs NVIDIA
6/26/2024 12:18am
Micron Technology (MU) and NVIDIA (NVDA) have different financial profiles, with MU facing challenges while NVDA demonstrates strong profitability and financial health:
1. **Net Profit Margins**:
- Micron Technology's net profit margin was 21.16% in 2021, which decreased to -37.54% in 2023.
- NVIDIA's net profit margin was 36.23% in 2022, which improved to 48.85% in 2024.
|Ticker|Name|Net Profit Margin|Date|code|market_code|
|---|---|---|---|---|---|
|MU.O|Micron Technology|21.155|2021 Q4|MU|185|
|MU.O|Micron Technology|28.2431|2022 Q4|MU|185|
|MU.O|Micron Technology|-37.5354|2023 Q4|MU|185|
|Ticker|Name|Net Profit Margin|Date|code|market_code|
|---|---|---|---|---|---|
|NVDA.O|Nvidia|36.2339|2022 Q4|NVDA|185|
|NVDA.O|Nvidia|16.1934|2023 Q4|NVDA|185|
|NVDA.O|Nvidia|48.8493|2024 Q4|NVDA|185|
2. **Return on Equity (ROE)**:
- Micron's ROE was 14.14% in 2021, which increased to 18.51% in 2022 before decreasing to -12.41% in 2023.
- NVIDIA's ROE was 44.83% in 2022, which decreased to 17.93% in 2023 before jumping to 91.46% in 2024.
|Ticker|Name|ROE(Average)|Date|code|market_code|
|---|---|---|---|---|---|
|MU.O|Micron Technology|14.135|2021 Q4|MU|185|
|MU.O|Micron Technology|18.5145|2022 Q4|MU|185|
|MU.O|Micron Technology|-12.4071|2023 Q4|MU|185|
|Ticker|Name|ROE(Average)|Date|code|market_code|
|---|---|---|---|---|---|
|NVDA.O|Nvidia|44.8316|2022 Q4|NVDA|185|
|NVDA.O|Nvidia|17.9336|2023 Q4|NVDA|185|
|NVDA.O|Nvidia|91.4581|2024 Q4|NVDA|185|
3. **Return on Assets (ROA)**:
- Micron's ROA was 11.38% in 2021, which increased to 15.45% in 2022 before decreasing to -8.79% in 2023.
- NVIDIA's ROA was 27.81% in 2022, which decreased to 9.78% in 2023 before surging to 62.13% in 2024.
|Ticker|Name|ROA|Date|code|market_code|
|---|---|---|---|---|---|
|MU.O|Micron Technology|11.3768|20211231|MU|185|
|MU.O|Micron Technology|15.4525|20221231|MU|185|
|MU.O|Micron Technology|-8.7883|20231231|MU|185|
|Ticker|Name|ROA|Date|code|market_code|
|---|---|---|---|---|---|
|NVDA.O|Nvidia|27.8111|20221231|NVDA|185|
|NVDA.O|Nvidia|9.7834|20231231|NVDA|185|
|NVDA.O|Nvidia|62.1252|20241231|NVDA|185|
4. **Free Cash Flow**:
- Micron's free cash flow was $58.8 million in 2021, which increased to $3.06 billion in 2022 before turning negative at -$8.07 billion in 2023.
- NVIDIA's free cash flow was -$2.21 billion in 2021, which improved to $12.06 billion in 2022 and further increased to $12.46 billion in 2023.
|Ticker|Name|Free Cash Flow|Date|code|market_code|
|---|---|---|---|---|---|
|MU.O|Micron Technology|5.880101E7|2021 Q4|MU|185|
|MU.O|Micron Technology|3.061370344E9|2022 Q4|MU|185|
|MU.O|Micron Technology|-8.072502384E9|2023 Q4|MU|185|
|Ticker|Name|Free Cash Flow|Date|code|market_code|
|---|---|---|---|---|---|
|NVDA.O|Nvidia|-2.210933776E9|2022 Q4|NVDA|185|
|NVDA.O|Nvidia|1.2057775776E10|2023 Q4|NVDA|185|
|NVDA.O|Nvidia|1.2459086045E10|2024 Q4|NVDA|185|
5. **Stock Performance**: Micron's stock has seen significant volatility, with a 65.6% increase since the beginning of 2024 and a 108% increase over the last 12 months. NVIDIA's stock has also performed well, with a 44% revenue growth expected in 2025.
6. **Market Capitalization**: As of the latest data, Micron's market capitalization is $143.3 billion, while NVIDIA's is $446.3 billion.
In summary, NVIDIA demonstrates stronger profitability and financial health, with higher net profit margins, ROE, ROA, and positive free cash flow. Micron, while showing potential in AI-related applications, faces challenges in its profitability and financial health, with negative profit margins, negative ROE and ROA, and negative free cash flow. NVIDIA's financial performance and market capitalization indicate a stronger position in the market compared to Micron.