Is the business good?
How good a business is SYNA?
Synaptics Incorporated earns −3.3% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
−3.3%
Return on invested capital · cost of capital 9.0% · 12 points below what the capital costs: growth destroys value
- Operating margin
- −6.4%
Operating margin · Semiconductors median 8.5% · 12 months to Q3 2026
- Share count, year on year
- −0.51%
Share count, year on year · flat: no meaningful dilution
- R&D as % of revenue
- 32%
R&D as % of revenue
| Year | Operating margin |
|---|---|
| FY2020 | 5.2% |
| FY2021 | 11% |
| FY2022 | 20% |
| FY2023 | 11% |
| FY2024 | −11% |
| FY2025 | −8.8% |
Details›
- Gross margin12 months to Q3 2026
- 44%
- Operating margin12 months to Q3 2026
- −6.4%
- Net margin12 months to Q3 2026
- −4.1%
- Free cash flow margin
- 8.3%
- R&D as % of revenue
- 32%
- Revenue, trailing twelve months
- $1.17B
- Free cash flow, trailing twelve months
- $97M
- Net income, trailing twelve months
- −$48M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- −3.3%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.