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Peer comparison: six semiconductor companies side by side for fiscal 2025, from their Forms 10-K

Tool	Peer Comparison
Source	Annual figures of Applied Materials, Analog Devices, Broadcom, Micron Technology, NVIDIA and Texas Instruments as filed with the U.S. Securities and Exchange Commission in their Forms 10-K for fiscal 2025 (XBRL company facts, read from the site's own tables on 13 November 2026). No published worked example is reproduced.
Level	Undergraduate

Problem

Six semiconductor companies (SIC code 3674) are compared for fiscal 2025 on size, profitability, growth, financial strength and cash, each ratio written out for the first company, Applied Materials (AMAT), with the median of the group. In millions of dollars AMAT reported revenue 28,368, gross profit 13,808, operating income 8,289, net income 6,998, shareholders' equity 19,001 and 20,415 at the start and end of the year, total debt 6,555, cash and short-term investments 8,573, cash from operations 7,958 and capital expenditures 2,260.

Inputs to Enter

Tickers AMAT, ADI, AVGO, MU, NVDA, TXN (alphabetical); fiscal year 2025; no share prices; charts of operating margin, 5-year revenue growth and free cash flow margin

Open the Peer Comparison tool (loaded with this example)

Answers

AMAT margins: gross 13,808 / 28,368 = 48.67 %, operating 8,289 / 28,368 = 29.22 %, net 6,998 / 28,368 = 24.67 %
AMAT ROE 6,998 / ((19,001 + 20,415) / 2) = 35.51 %; ROA 19.79 %; ROIC = 8,289 × (1 − 0.2452) / ((16,489 + 18,397) / 2) = 35.87 %
AMAT growth a year: revenue (28,368 / 25,785)^(1/3) − 1 = 3.23 % over 3 years and 10.52 % over 5; diluted EPS 5.19 % and 17.18 %
AMAT debt to equity 0.32; net debt −2,018, EBITDA 8,724, net debt to EBITDA −0.23; interest cover 30.81; current ratio 2.61
AMAT free cash flow 7,958 − 2,260 = 5,698, margin 20.09 %; capital spending 7.97 % of revenue; dividend payout 19.78 %; dividends and buybacks 89.73 % of net income
Group medians: revenue 32,873 million, operating margin 31.6 %, ROE 30.6 %, 5-year revenue growth 13.1 %, free cash flow margin 29.5 %
Fiscal 2025 ends between 26 January 2025 (NVDA) and 31 December 2025 (TXN), 339 days apart; no cell is blank: NVIDIA (4-for-1 in 2021, 10-for-1 in 2024) and Broadcom (10-for-1 in 2024) split their shares, and their EPS growth is computed on per-share figures adjusted to today's share basis

Notes

The tool's default inputs are this case; press Submit. The figures are as filed and standardised by tag, so the Form 10-K linked on the page is the authority; they change if a company restates. The page ranks nothing: columns stay in the typed order. Every ratio was checked by hand from the stored values and against an independent numpy implementation (test_peer_comparison.php). A calculator for education and analysis, not investment advice.