Is the business good?
How good a business is SITM?
SiTime Corporation earns −6.1% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
−6.1%
Return on invested capital · cost of capital 9.0% · 15 points below what the capital costs: growth destroys value
- Operating margin
- −13%
Operating margin · Semiconductors median 8.5% · 12 months to Q1 2026
- Share count, year on year
- +11%
Share count, year on year · shareholders own a smaller slice than a year ago
- R&D as % of revenue
- 32%
R&D as % of revenue
| Year | Operating margin |
|---|---|
| FY2020 | −7.4% |
| FY2021 | 15% |
| FY2022 | 5.7% |
| FY2023 | −74% |
| FY2024 | −57% |
| FY2025 | −21% |
Details›
- Gross margin12 months to Q1 2026
- 56%
- Operating margin12 months to Q1 2026
- −13%
- Net margin12 months to Q1 2026
- −6.4%
- Free cash flow margin
- 14%
- R&D as % of revenue
- 32%
- Revenue, trailing twelve months
- $380M
- Free cash flow, trailing twelve months
- $54M
- Net income, trailing twelve months
- −$24M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- −6.1%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.