ADI vs. MTSI: Analog Devices vs. MACOM Stock Comparison

November 11, 2026

How do Analog Devices (ADI) and MACOM (MTSI) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Analog Devices (ADI) and MACOM (MTSI) are both classified in the Semiconductors sub-industry within the broader Semiconductors & Semiconductor Equipment industry, placing them in the closest GICS peer bucket.

Company profile comparison for Analog Devices (ADI) and MACOM (MTSI)
Profile Item	ADI	MTSI
Name	Analog Devices, Inc.	MACOM Technology Solutions Holdings, Inc.
Country/Region	United States	United States
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Semiconductors & Semiconductor Equipment	Semiconductors & Semiconductor Equipment
GICS Industry	Semiconductors & Semiconductor Equipment	Semiconductors & Semiconductor Equipment
GICS Sub-Industry	Semiconductors	Semiconductors
Market Capitalization	176.17 billion USD	16.11 billion USD
Currency	USD	USD
Exchange	Nasdaq	Nasdaq
Listing Date	March 17, 1980	March 15, 2012
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

ADI

MTSI

GSPC

Analog Devices (ADI) vs. MACOM (MTSI), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Analog Devices (ADI) and MACOM (MTSI). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Analog Devices (ADI) and MACOM (MTSI). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Analog Devices (ADI) and MACOM (MTSI)
Metric	ADI	MTSI
Total Return (1Y)	71.72%	33.29%
Total Return (3Y, Annualized)	34.43%	46.28%
Total Return (5Y, Annualized)	17.89%	25.03%

Risk Profile

Drawdown History

ADI

MTSI

GSPC

Analog Devices (ADI) vs. MACOM (MTSI), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Analog Devices (ADI) and MACOM (MTSI). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Analog Devices (ADI) and MACOM (MTSI)
Metric	ADI	MTSI
Volatility (1Y, Annualized)	38.89%	68.69%
Beta (5Y)	1.26	1.83
Max Drawdown (5Y)	-32.20%	-53.54%
Avg. Volume (3M)	3.74M	1.51M

Risk-Adjusted Performance

Risk-Return Positioning

ADI and MTSI are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Analog Devices (ADI) and MACOM (MTSI)
Metric	ADI	MTSI
Sharpe Ratio (1Y)	1.73	0.42
Sortino Ratio (1Y)	2.56	0.58

Profitability

ROE (TTM)

Both Analog Devices (ADI) at 12.23% and MACOM (MTSI) at 22.17% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

ADI

Semiconductors & Semiconductor Equipment industry group

12.23%

Max: 52.82%
Q3: 22.26%
ADI: 12.23%
Median: 10.58%
Q1: 1.29%
Min: -16.89%

MTSI

Semiconductors & Semiconductor Equipment industry group

22.17%

Max: 52.82%
Q3: 22.26%
MTSI: 22.17%
Median: 10.58%
Q1: 1.29%
Min: -16.89%

Analog Devices (ADI) vs. MACOM (MTSI): A comparison of their ROE against the Semiconductors & Semiconductor Equipment industry group benchmark.

Net Margin (TTM)

Analog Devices (ADI) at 29.79% retains a top-quartile share of revenue as profit, ahead of MACOM (MTSI) at 25.25%, which keeps about the industry-typical share.

ADI

Semiconductors & Semiconductor Equipment industry group

29.79%

Max: 63.80%
ADI: 29.79%
Q3: 28.36%
Median: 11.44%
Q1: 0.90%
Min: -37.77%

MTSI

Semiconductors & Semiconductor Equipment industry group

25.25%

Max: 63.80%
Q3: 28.36%
MTSI: 25.25%
Median: 11.44%
Q1: 0.90%
Min: -37.77%

Analog Devices (ADI) vs. MACOM (MTSI): A comparison of their net margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Operating Margin (TTM)

Both Analog Devices (ADI) at 39.50% and MACOM (MTSI) at 31.66% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

ADI

Semiconductors & Semiconductor Equipment industry group

39.50%

Max: 58.66%
ADI: 39.50%
Q3: 30.23%
Median: 15.91%
Q1: 7.54%
Min: -25.74%

MTSI

Semiconductors & Semiconductor Equipment industry group

31.66%

Max: 58.66%
MTSI: 31.66%
Q3: 30.23%
Median: 15.91%
Q1: 7.54%
Min: -25.74%

Analog Devices (ADI) vs. MACOM (MTSI): A comparison of their operating margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for Analog Devices (ADI) and MACOM (MTSI)
Metric	ADI	MTSI
ROE (TTM)	12.23%	22.17%
ROA (TTM)	6.41%	8.66%
Net Margin (TTM)	29.79%	25.25%
Operating Margin (TTM)	39.50%	31.66%
Gross Margin (TTM)	65.80%	58.11%

Growth

Revenue Growth

Only one side can be read here: Analog Devices (ADI) reports revenue growth of 16.89%, ranked against its industry; MACOM (MTSI) has no revenue growth figure this period.

Analog Devices (ADI) vs. MACOM (MTSI): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Analog Devices (ADI) reports EPS growth of 39.02%, ranked against its industry; MACOM (MTSI) has no EPS growth figure this period.

Analog Devices (ADI) vs. MACOM (MTSI): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Analog Devices (ADI) and MACOM (MTSI)
Metric	ADI	MTSI
Revenue Growth (YoY)	16.89%	--
Revenue Growth (3Y CAGR)	-2.84%	--
EPS Growth (YoY)	39.02%	--
EPS Growth (3Y CAGR)	-4.59%	49.88%

Financial Strength

Current Ratio (MRQ)

MACOM (MTSI) at 2.54 keeps current ratio within its industry’s typical mid-range, while Analog Devices (ADI) at 1.25 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for ADI.

ADI

Semiconductors & Semiconductor Equipment industry group

1.25

Max: 10.33
Q3: 5.62
Median: 3.33
Q1: 2.35
ADI: 1.25
Min: 1.03

MTSI

Semiconductors & Semiconductor Equipment industry group

2.54

Max: 10.33
Q3: 5.62
Median: 3.33
MTSI: 2.54
Q1: 2.35
Min: 1.03

Analog Devices (ADI) vs. MACOM (MTSI): A comparison of their current ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Debt / Equity (MRQ)

Both Analog Devices (ADI) at 0.27 and MACOM (MTSI) at 0.24 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

ADI

Semiconductors & Semiconductor Equipment industry group

0.27

Max: 1.46
Q3: 0.65
ADI: 0.27
Median: 0.27
Q1: 0.04
Min: 0.00

MTSI

Semiconductors & Semiconductor Equipment industry group

0.24

Max: 1.46
Q3: 0.65
Median: 0.27
MTSI: 0.24
Q1: 0.04
Min: 0.00

Analog Devices (ADI) vs. MACOM (MTSI): A comparison of their debt-to-equity ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Analog Devices (ADI) and MACOM (MTSI)
Metric	ADI	MTSI
Current Ratio (MRQ)	1.25	2.54
Debt / Equity (MRQ)	0.27	0.24
Net Debt / EBITDA	0.99	-1.04

Dividends

Dividend Yield (TTM)

MACOM (MTSI) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Analog Devices (ADI) reports a yield of 1.19%, ranking against industry peers normally.

ADI

Semiconductors & Semiconductor Equipment industry group

1.19%

Max: 1.37%
ADI: 1.19%
Q3: 0.65%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

MTSI

Semiconductors & Semiconductor Equipment industry group

0.00%

Max: 1.37%
Q3: 0.65%
MTSI: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Analog Devices (ADI) vs. MACOM (MTSI): A comparison of their dividend yield against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Payout Ratio (TTM)

MACOM (MTSI) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Analog Devices (ADI) reports a payout of 49.64%, ranking against industry peers normally.

ADI

Semiconductors & Semiconductor Equipment industry group

49.64%

ADI: 49.64%
Max: 49.64%
Q3: 21.71%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

MTSI

Semiconductors & Semiconductor Equipment industry group

0.00%

Max: 49.64%
Q3: 21.71%
MTSI: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Analog Devices (ADI) vs. MACOM (MTSI): A comparison of their payout ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for Analog Devices (ADI) and MACOM (MTSI)
Metric	ADI	MTSI
Dividend Yield (TTM)	1.19%	0.00%
Dividend Payout Ratio (TTM)	49.64%	0.00%

Valuation

P/E Ratio (TTM)

Both Analog Devices (ADI) at 43.18 and MACOM (MTSI) at 48.95 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

ADI

Semiconductors & Semiconductor Equipment industry group

43.18

Max: 110.34
Q3: 66.81
ADI: 43.18
Median: 37.02
Q1: 23.96
Min: 8.12

MTSI

Semiconductors & Semiconductor Equipment industry group

48.95

Max: 110.34
Q3: 66.81
MTSI: 48.95
Median: 37.02
Q1: 23.96
Min: 8.12

Analog Devices (ADI) vs. MACOM (MTSI): A comparison of their P/E ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/S Ratio (TTM)

MACOM (MTSI) at 12.14 is priced about in line with its industry on P/S ratio, while Analog Devices (ADI) at 12.69 sits in the pricier quartile — ADI costs more per dollar of sales.

ADI

Semiconductors & Semiconductor Equipment industry group

12.69

Max: 21.42
ADI: 12.69
Q3: 12.27
Median: 5.76
Q1: 2.73
Min: 0.00

MTSI

Semiconductors & Semiconductor Equipment industry group

12.14

Max: 21.42
Q3: 12.27
MTSI: 12.14
Median: 5.76
Q1: 2.73
Min: 0.00

Analog Devices (ADI) vs. MACOM (MTSI): A comparison of their P/S ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/B Ratio (MRQ)

Analog Devices (ADI) at 5.25 is valued about in line with its industry on P/B ratio, while MACOM (MTSI) at 9.50 carries an above-peer premium to book — MTSI is pricier on assets.

ADI

Semiconductors & Semiconductor Equipment industry group

5.25

Max: 14.06
Q3: 7.44
ADI: 5.25
Median: 4.29
Q1: 2.30
Min: 0.20

MTSI

Semiconductors & Semiconductor Equipment industry group

9.50

Max: 14.06
MTSI: 9.50
Q3: 7.44
Median: 4.29
Q1: 2.30
Min: 0.20

Analog Devices (ADI) vs. MACOM (MTSI): A comparison of their P/B ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for Analog Devices (ADI) and MACOM (MTSI)
Metric	ADI	MTSI
P/E Ratio (TTM)	43.18	48.95
P/S Ratio (TTM)	12.69	12.14
P/B Ratio (MRQ)	5.25	9.50
Free Cash Flow Yield (TTM)	2.35%	1.15%