NASDAQ : SIMO
Silicon Motion Technology Corporation — Financial statements
Technology · Semiconductors · Hong Kong
Last price 227.75 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 7.72B
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Financial statements
Silicon Motion Technology Corporation (SIMO) reported revenue of 1.63B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.63B | 885.63M | 803.55M | 639.14M | 945.92M | 922.10M |
| Cost of Revenue | 807.12M | 458.12M | 434.79M | 368.75M | 480.09M | 461.31M |
| Gross Profit | 824.66M | 427.51M | 368.76M | 270.39M | 465.83M | 460.80M |
| Selling, General & Admin | 90.29M | 71.75M | 58.80M | 54.84M | 62.98M | 50.63M |
| Research & Development | 386.79M | 262.72M | 217.82M | 174.36M | 188.53M | 164.29M |
| Operating Expenses | 477.08M | 334.47M | 276.63M | 229.20M | 251.52M | 214.93M |
| Operating Income | 347.58M | 93.04M | 92.14M | 41.19M | 214.31M | 245.87M |
| Interest Expense | -71.00K | |||||
| Interest & Investment Income | 26.19M | 28.06M | 15.07M | 20.25M | 3.60M | 1.28M |
| Currency Exchange Gain (Loss) | -140.00K | -2.07M | 1.39M | 914.00K | -4.88M | 193.00K |
| Other Non Operating Income (Expenses) | 17.00K | 18.00K | 8.00K | 1.00K | -77.00K | |
| EBT Excluding Unusual Items | 373.65M | 119.05M | 108.60M | 62.36M | 212.97M | 247.26M |
| Gain (Loss) on Sale of Investments | 24.34M | 21.08M | 58.00K | |||
| Legal Settlements | -1.25M | -1.31M | -390.00K | |||
| Pretax Income | 397.99M | 140.13M | 107.41M | 61.05M | 212.58M | 247.26M |
| Income Tax Expense | 82.03M | 17.49M | 18.16M | 8.18M | 40.07M | 47.26M |
| Net Income | 315.97M | 122.64M | 89.25M | 52.87M | 172.51M | 200.00M |
| Net Income to Common | 315.97M | 122.64M | 89.25M | 52.87M | 172.51M | 200.00M |
| Shares Outstanding (Basic) | 33.76M | 33.58M | 33.64M | 33.35M | 33.26M | 34.85M |
| Shares Outstanding (Diluted) | 33.98M | 33.68M | 33.72M | 33.47M | 33.39M | 34.99M |
| EPS (Basic) | 9.36 | 3.65 | 2.65 | 1.59 | 5.19 | 5.74 |
| EPS (Diluted) | 9.29 | 3.64 | 2.64 | 1.59 | 5.16 | 5.72 |
| Free Cash Flow | -406.28M | 6.29M | 32.74M | 98.77M | 50.95M | 150.04M |
| Free Cash Flow Per Share | -11.96 | 0.19 | 0.97 | 2.95 | 1.53 | 4.29 |
| Dividend Per Share | 2.00 | 2.00 | 2.00 | 0.50 | 1.50 | 1.55 |
| Gross Margin | 50.54% | 48.27% | 45.89% | 42.30% | 49.25% | 49.97% |
| Operating Margin | 21.30% | 10.51% | 11.47% | 6.44% | 22.66% | 26.66% |
| Profit Margin | 19.36% | 13.85% | 11.11% | 8.27% | 18.24% | 21.69% |
| Free Cash Flow Margin | -24.90% | 0.71% | 4.08% | 15.45% | 5.39% | 16.27% |
| EBITDA | 382.85M | 123.21M | 117.47M | 63.00M | 233.25M | 263.03M |
| EBITDA Margin | 23.46% | 13.91% | 14.62% | 9.86% | 24.66% | 28.52% |
| D&A For EBITDA | 35.27M | 30.17M | 25.33M | 21.81M | 18.93M | 17.16M |
| EBIT | 347.58M | 93.04M | 92.14M | 41.19M | 214.31M | 245.87M |
| EBIT Margin | 21.30% | 10.51% | 11.47% | 6.44% | 22.66% | 26.66% |
| Effective Tax Rate | 20.61% | 12.48% | 16.91% | 13.39% | 18.85% | 19.11% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 845.93M | 201.84M | 276.07M | 314.30M | 232.18M | 360.08M |
| Cash & Short-Term Investments | 845.93M | 201.84M | 276.07M | 314.30M | 232.18M | 360.08M |
| Receivables | 443.47M | 211.55M | 233.74M | 194.70M | 206.10M | 208.57M |
| Inventory | 870.92M | 421.80M | 199.23M | 216.95M | 287.96M | 163.10M |
| Prepaid Expenses | 169.40M | 36.88M | 31.19M | 17.64M | 12.18M | 37.85M |
| Restricted Cash | 103.92M | 71.30M | 54.65M | 49.66M | 49.49M | 48.51M |
| Total Current Assets | 2.43B | 943.37M | 794.87M | 793.25M | 787.92M | 818.11M |
| Property, Plant & Equipment | 236.32M | 226.70M | 195.90M | 176.95M | 143.75M | 123.62M |
| Long-Term Investments | 49.49M | 29.68M | 17.33M | 17.12M | 9.27M | 8.54M |
| Other Intangible Assets | 5.46M | 7.17M | 4.60M | 3.83M | 6.48M | |
| Long-Term Deferred Tax Assets | 9.05M | 8.88M | 8.46M | 8.88M | 6.36M | |
| Other Long-Term Assets | 34.90M | 8.46M | 7.19M | 7.59M | 7.59M | 8.22M |
| Total Assets | 2.75B | 1.22B | 1.03B | 1.01B | 961.25M | 971.33M |
| Accounts Payable | 63.45M | 34.74M | 17.77M | 55.59M | 36.02M | 80.77M |
| Accrued Expenses | 293.68M | 100.00M | 77.27M | 72.14M | 74.47M | 72.69M |
| Current Portion of Leases | 2.59M | 2.53M | 2.34M | 3.20M | 2.90M | |
| Current Income Taxes Payable | 71.12M | 22.43M | 13.11M | 7.54M | 42.11M | 44.20M |
| Current Unearned Revenue | 82.12M | 5.03M | 3.66M | 6.91M | 2.40M | |
| Other Current Liabilities | 97.65M | 83.80M | 71.54M | 21.14M | 78.57M | |
| Total Current Liabilities | 428.25M | 339.52M | 199.50M | 212.81M | 183.87M | 281.52M |
| Long-Term Leases | 11.46M | 12.41M | 12.70M | 4.91M | 2.99M | |
| Other Long-Term Liabilities | 68.82M | 40.99M | 47.13M | 47.76M | 39.87M | 29.19M |
| Total Liabilities | 1.62B | 391.98M | 259.05M | 273.26M | 228.65M | 313.70M |
| Common Stock | 1.13B | 1.34M | 1.35M | 1.34M | 1.32M | 1.40M |
| Additional Paid-In Capital | 359.93M | 337.98M | 321.05M | 303.56M | 294.66M | |
| Retained Earnings | 468.13M | 432.62M | 411.16M | 425.12M | 412.13M | |
| Treasury Stock | -50.01M | |||||
| Comprehensive Income & Other | 1.34M | 338.00K | 1.15M | 2.60M | -540.00K | |
| Shareholders' Equity | 1.13B | 830.74M | 772.28M | 734.70M | 732.60M | 657.63M |
| Total Liabilities & Equity | 2.75B | 1.22B | 1.03B | 1.01B | 961.25M | 971.33M |
| Total Debt | 1.13B | 14.05M | 14.94M | 15.04M | 8.11M | 5.89M |
| Net Cash (Debt) | -231.10M | 217.47M | 271.95M | 309.88M | 226.83M | 354.20M |
| Net Cash Per Share | -6.80 | 6.46 | 8.06 | 9.26 | 6.79 | 10.12 |
| Filing Date Shares Outstanding | 33.91M | 33.91M | 33.98M | 33.68M | 33.41M | 34.44M |
| Total Common Shares Outstanding | 33.91M | 33.56M | 33.69M | 33.42M | 33.05M | 34.38M |
| Working Capital | 2.01B | 603.85M | 595.37M | 580.43M | 604.05M | 536.59M |
| Book Value Per Share | 33.35 | 24.75 | 22.92 | 21.98 | 22.16 | 19.13 |
| Tangible Book Value | 1.13B | 825.28M | 765.11M | 730.10M | 728.77M | 651.15M |
| Tangible Book Value Per Share | 33.35 | 24.59 | 22.71 | 21.85 | 22.05 | 18.94 |
| Land | 67.64M | 67.64M | 67.64M | 68.24M | 68.24M | |
| Buildings | 95.48M | 28.51M | 28.67M | 29.31M | 30.01M | |
| Machinery | 98.56M | 84.83M | 71.10M | 65.73M | 52.38M | |
| Construction In Progress | 761.00K | 63.25M | 48.06M | 19.92M | 6.27M | |
| Leasehold Improvements | 33.71M | 9.59M | 8.36M | 9.06M | 8.68M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 315.97M | 122.64M | 89.25M | 52.87M | 172.51M | 200.00M |
| Depreciation & Amortization | 35.27M | 30.17M | 25.33M | 21.81M | 18.93M | 17.16M |
| Loss (Gain) From Sale of Assets | 108.00K | 108.00K | 7.00K | -215.00K | 7.00K | 208.00K |
| Loss (Gain) From Sale of Investments | -42.73M | -39.48M | -601.00K | -8.00M | -896.00K | |
| Stock-Based Compensation | 44.92M | 26.28M | 16.96M | 17.55M | 26.66M | 19.55M |
| Other Operating Activities | -173.00K | -173.00K | -422.00K | 658.00K | -2.37M | -1.74M |
| Change in Accounts Receivable | 22.20M | 22.20M | -39.04M | 11.40M | 2.47M | -92.75M |
| Change in Inventory | -215.18M | -215.18M | 4.87M | 72.13M | -102.85M | -78.09M |
| Change in Accounts Payable | 16.97M | 16.97M | -37.81M | 19.56M | -44.74M | 36.23M |
| Change in Income Taxes | 9.32M | 9.32M | 5.56M | -34.57M | -2.09M | 37.31M |
| Change in Other Net Operating Assets | -536.91M | 88.50M | 13.00M | -4.11M | 16.26M | 36.82M |
| Operating Cash Flow | -349.63M | 61.36M | 77.09M | 149.08M | 83.89M | 174.70M |
| Capital Expenditures | -56.65M | -55.06M | -44.35M | -50.31M | -32.94M | -24.66M |
| Sale of Property, Plant & Equipment | 174.00K | 87.00K | 3.00K | 1.23M | ||
| Investment in Securities | 28.54M | 27.57M | 259.00K | -3.51M | ||
| Other Investing Activities | -86.00K | |||||
| Investing Cash Flow | -28.02M | -27.40M | -44.09M | -49.09M | -32.94M | -28.16M |
| Short-Term Debt Issued | 40.00M | |||||
| Total Debt Issued | 1.13B | 40.00M | ||||
| Short-Term Debt Repaid | -40.00M | |||||
| Total Debt Repaid | -40.00M | |||||
| Net Debt Issued (Repaid) | 1.13B | |||||
| Repurchase of Common Stock | -24.31M | -133.16M | -45.70M | |||
| Common Dividends Paid | -67.51M | -67.20M | -67.25M | -16.69M | -49.94M | -54.04M |
| Financing Cash Flow | 1.06B | -91.51M | -67.25M | -16.69M | -183.10M | -99.73M |
| Foreign Exchange Rate Adjustments | 450.00K | 303.00K | -408.00K | -1.37M | 3.68M | -487.00K |
| Net Cash Flow | 681.20M | -57.25M | -34.66M | 81.94M | -128.47M | 46.31M |
| Free Cash Flow | -406.28M | 6.29M | 32.74M | 98.77M | 50.95M | 150.04M |
| Free Cash Flow Margin | -24.90% | 0.71% | 4.08% | 15.45% | 5.39% | 16.27% |
| Free Cash Flow Per Share | -11.96 | 0.19 | 0.97 | 2.95 | 1.53 | 4.29 |
| Levered Free Cash Flow | -502.98M | -23.22M | 2.17M | 121.39M | -49.12M | 105.75M |
| Unlevered Free Cash Flow | -503.58M | -23.22M | 2.17M | 121.39M | -49.07M | 105.75M |
| Cash Interest Paid | 71.00K | |||||
| Cash Income Tax Paid | 16.71M | 16.71M | 10.11M | 36.32M | 33.98M | 3.52M |
| Change in Working Capital | -703.60M | -78.19M | -53.42M | 64.41M | -130.95M | -60.47M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 7.07B | 3.15B | 1.82B | 2.05B | 2.24B | 3.32B |
| Enterprise Value | 7.31B | 2.95B | 1.51B | 1.75B | 2.04B | 2.95B |
| Last Close Price | 208.65 | 91.98 | 52.00 | 57.11 | 60.07 | 86.28 |
| PE Ratio | 22.47 | 25.69 | 20.40 | 38.71 | 12.97 | 16.59 |
| Forward PE | 10.24 | 19.63 | 15.03 | 21.31 | 10.77 | 13.72 |
| PS Ratio | 4.34 | 3.56 | 2.27 | 3.20 | 2.37 | 3.60 |
| PB Ratio | 6.26 | 3.79 | 2.36 | 2.79 | 3.06 | 5.05 |
| P/TBV Ratio | 6.26 | 3.82 | 2.38 | 2.80 | 3.07 | 5.10 |
| P/FCF Ratio | 500.44 | 55.60 | 20.72 | 43.93 | 22.12 | |
| P/OCF Ratio | 51.34 | 23.61 | 13.73 | 26.68 | 19.00 | |
| PEG Ratio | 0.19 | 0.93 | 0.88 | 1.58 | 0.54 | 0.95 |
| EV/Sales Ratio | 4.48 | 3.33 | 1.88 | 2.74 | 2.15 | 3.20 |
| EV/EBITDA Ratio | 19.08 | 23.96 | 12.82 | 27.80 | 8.74 | 11.23 |
| EV/EBIT Ratio | 21.02 | 31.73 | 16.35 | 42.52 | 9.51 | 12.02 |
| EV/FCF Ratio | 468.90 | 46.01 | 17.73 | 40.02 | 19.69 | |
| Debt / Equity Ratio | 1.00 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 |
| Debt / EBITDA Ratio | 2.91 | 0.11 | 0.12 | 0.22 | 0.03 | 0.02 |
| Debt / FCF Ratio | 2.23 | 0.46 | 0.15 | 0.16 | 0.04 | |
| Net Debt / Equity Ratio | 0.20 | -0.26 | -0.35 | -0.42 | -0.31 | -0.54 |
| Net Debt / EBITDA Ratio | 0.60 | -1.76 | -2.31 | -4.92 | -0.97 | -1.35 |
| Net Debt / FCF Ratio | -0.57 | -34.55 | -8.30 | -3.14 | -4.45 | -2.36 |
| Asset Turnover | 0.84 | 0.79 | 0.79 | 0.65 | 0.98 | 1.08 |
| Inventory Turnover | 1.33 | 1.48 | 2.09 | 1.46 | 2.13 | 3.38 |
| Quick Ratio | 3.01 | 1.22 | 2.56 | 2.39 | 2.38 | 2.02 |
| Current Ratio | 5.68 | 2.78 | 3.98 | 3.73 | 4.29 | 2.91 |
| Return on Equity (ROE) | 32.17% | 15.30% | 11.85% | 7.21% | 24.82% | 32.91% |
| Return on Assets (ROA) | 11.16% | 5.16% | 5.65% | 2.61% | 13.86% | 17.94% |
| Return on Invested Capital (ROIC) | 22.47% | 14.11% | 16.18% | 7.56% | 42.84% | 75.74% |
| Return on Capital Employed (ROCE) | 14.90% | 10.50% | 11.10% | 5.20% | 27.60% | 35.60% |
| Earnings Yield | 4.45% | 3.89% | 4.90% | 2.58% | 7.71% | 6.03% |
| FCF Yield | -5.74% | 0.20% | 1.80% | 4.83% | 2.28% | 4.52% |
| Dividend Yield | 1.10% | 2.13% | 3.70% | 0.82% | 2.21% | 1.61% |
| Payout Ratio | 24.77% | 54.80% | 75.36% | 31.57% | 28.95% | 27.02% |
| Buyback Yield / Dilution | -0.85% | 0.13% | -0.75% | -0.24% | 4.58% | -0.04% |
| Total Shareholder Return | 0.25% | 2.26% | 2.95% | 0.57% | 6.80% | 1.57% |