GOOGL vs MU: Alphabet and Micron Technology compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Alphabet is the larger company, worth $4.20T, about 4.0 times Micron Technology.
- Micron Technology grew revenue faster over the last year (+379.3% vs +24.2%).
- Micron Technology keeps more of each dollar of revenue as operating profit (74.6% vs 33.1%).
- On earnings, Alphabet is the cheaper stock (26.5x vs 44.3x).
- Alphabet's price assumes faster free cash flow growth: about 19% a year, against 4% for Micron Technology (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | GOOGL | MU |
|---|---|---|
| Market cap | $4.20T | $1.06T |
| Share price | $351.66 | $1,029.00 |
| Revenue (last fiscal year) | $402.8B | $133.2B |
| Free cash flow (last fiscal year) | $73.3B | $59.0B |
| Revenue growth, last year | +24.2% | +379.3% |
| Revenue growth per year, last 5 fiscal years | +11.8% | +44.3% |
| Operating margin | 33.1% | 74.6% |
| Net margin | 54.8% | 63.8% |
| Return on equity | 38.1% | 61.4% |
| P/E (trailing) | 26.5x | 44.3x |
| Price / free cash flow | 57.3x | 633.7x |
| EV / EBITDA | 12.8x | 9.29x |
| FCF growth the price implies | 18.8% | 3.6% |
| Dividend yield | 0.24% | 0.05% |
| Debt / equity | 0.44x | 0.42x |
| Fundamental grade | B | A |
| Superinvestors holding it | 36 | 15 |
| Insider purchases, last 12 months | 6 | 10 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Alphabet
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $257.6B | $67.0B | 30.6% |
| 2022 | $282.8B | $60.0B | 26.5% |
| 2023 | $307.4B | $69.5B | 27.4% |
| 2024 | $350.0B | $72.8B | 32.1% |
| 2025 | $402.8B | $73.3B | 32.0% |
Micron Technology
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2022 | $30.8B | $3.1B | 31.5% |
| 2023 | $15.5B | -$6.1B | -37.0% |
| 2024 | $25.1B | $121M | 5.2% |
| 2025 | $37.4B | $1.7B | 26.1% |
| 2026 | $133.2B | $59.0B | 74.6% |
Where the revenue comes from
Alphabet · by segments, 2025
Google Services$342.7B85%
Google Cloud$58.7B15%
Other Bets$1.5B0%
Micron Technology · by segments, 2025
CMBU$13.5B36%
MCBU$11.9B32%
CDBU$7.2B19%
AEBU$4.8B13%
All other$13M0%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open GOOGL in InvestinglyQuestions
Which is bigger, Alphabet or Micron Technology?
Alphabet (GOOGL), at $4.20T against $1.06T.
Is GOOGL or MU cheaper?
By trailing P/E, Alphabet (26.5x) is cheaper than Micron Technology (44.3x). A lower multiple can also mean the market expects less growth.
Which grows faster, GOOGL or MU?
Micron Technology: revenue grew +379.3% over the last year, against +24.2%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.