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Silicon Motion Technology Corp Financials

SIMO
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

This page shows Silicon Motion Technology Corp (SIMO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 62 / 100
Financial Profile 62/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
47

Silicon Motion Technology Corp has an operating margin of 11.3%, meaning the company retains $11 of operating profit per $100 of revenue. This results in a moderate score of 47/100, indicating healthy but not exceptional operating efficiency. This is up from 6.2% the prior year.

Growth
76

Silicon Motion Technology Corp's revenue surged 25.7% year-over-year to $803.6M, reflecting rapid business expansion. This strong growth earns a score of 76/100.

Leverage
95

Silicon Motion Technology Corp carries a low D/E ratio of 0.34, meaning only $0.34 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 95/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
78

With a current ratio of 3.98, Silicon Motion Technology Corp holds $3.98 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 78/100.

Cash Flow
35

Silicon Motion Technology Corp has a free cash flow margin of 4.1%, earning a moderate score of 35/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
37

Silicon Motion Technology Corp's ROE of 11.6% shows moderate profitability relative to equity, earning a score of 37/100. This is up from 7.2% the prior year.

Altman Z-Score Safe
11.01

Silicon Motion Technology Corp scores 11.01, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($3.7B) relative to total liabilities ($259.1M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral
6/9

Silicon Motion Technology Corp passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed
0.86x

For every $1 of reported earnings, Silicon Motion Technology Corp generates $0.86 in operating cash flow ($77.1M OCF vs $89.2M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue
$803.6M
YoY+25.7%
5Y CAGR+11.9%
10Y CAGR+10.8%

Silicon Motion Technology Corp generated $803.6M in revenue in fiscal year 2024. This represents an increase of 25.7% from the prior year.

EBITDA
$116.2M
YoY+88.4%
5Y CAGR+12.5%
10Y CAGR+5.8%

Silicon Motion Technology Corp's EBITDA was $116.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 88.4% from the prior year.

Net Income
$89.2M
YoY+68.8%
5Y CAGR+6.7%
10Y CAGR+7.2%

Silicon Motion Technology Corp reported $89.2M in net income in fiscal year 2024. This represents an increase of 68.8% from the prior year.

EPS (Diluted)
$0.66
YoY+65.0%
5Y CAGR+7.5%
10Y CAGR+7.2%

Silicon Motion Technology Corp earned $0.66 per diluted share (EPS) in fiscal year 2024. This represents an increase of 65.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$32.7M
YoY-66.8%
5Y CAGR-13.3%
10Y CAGR-5.4%

Silicon Motion Technology Corp generated $32.7M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 66.8% from the prior year.

Cash & Debt
$276.1M
YoY-12.2%
5Y CAGR-3.1%
10Y CAGR+3.6%

Silicon Motion Technology Corp held $276.1M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share
$0.50
YoY+0.0%
5Y CAGR+7.4%
10Y CAGR+12.8%

Silicon Motion Technology Corp paid $0.50 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Shares Outstanding
135M
YoY+0.8%
5Y CAGR-0.6%
10Y CAGR-0.1%

Silicon Motion Technology Corp had 135M shares outstanding in fiscal year 2024. This represents an increase of 0.8% from the prior year.

Margins & Returns

Gross Margin
45.9%
YoY+3.6pp
5Y CAGR-2.7pp
10Y CAGR-5.8pp

Silicon Motion Technology Corp's gross margin was 45.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 3.6 percentage points from the prior year.

Operating Margin
11.3%
YoY+5.1pp
5Y CAGR-0.1pp
10Y CAGR-9.1pp

Silicon Motion Technology Corp's operating margin was 11.3% in fiscal year 2024, reflecting core business profitability. This is up 5.1 percentage points from the prior year.

Net Margin
11.1%
YoY+2.8pp
5Y CAGR-3.0pp
10Y CAGR-4.3pp

Silicon Motion Technology Corp's net profit margin was 11.1% in fiscal year 2024, showing the share of revenue converted to profit. This is up 2.8 percentage points from the prior year.

Return on Equity
11.6%
YoY+4.4pp
5Y CAGR-0.4pp
10Y CAGR-3.1pp

Silicon Motion Technology Corp's ROE was 11.6% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 4.4 percentage points from the prior year.

Capital Allocation

R&D Spending
$217.8M
YoY+24.9%
5Y CAGR+14.6%
10Y CAGR+13.6%

Silicon Motion Technology Corp invested $217.8M in research and development in fiscal year 2024. This represents an increase of 24.9% from the prior year.

Share Buybacks
$0

Silicon Motion Technology Corp spent $0 on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures
$44.4M
YoY-11.8%
5Y CAGR+32.1%
10Y CAGR+14.4%

Silicon Motion Technology Corp invested $44.4M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 11.8% from the prior year.

SIMO Income Statement

Metric Q4'24 Q4'23 Q4'22 Q4'21 Q4'20 Q4'19 Q4'18 Q4'17
Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses N/A N/A N/A N/A N/A N/A N/A N/A
Operating Income N/A N/A N/A N/A N/A N/A N/A N/A
Interest Expense N/A N/A N/A N/A N/A N/A N/A N/A
Income Tax N/A N/A N/A N/A N/A N/A N/A N/A
Net Income N/A N/A N/A N/A N/A N/A N/A N/A
EPS (Diluted) N/A N/A N/A N/A N/A N/A N/A N/A

SIMO Balance Sheet

Metric Q4'24 Q4'23 Q4'22 Q4'21 Q4'20 Q4'19 Q4'18 Q4'17
Total Assets $1.0B+2.3% $1.0B+4.9% $961.3M-1.0% $971.3M+30.9% $742.1M+6.4% $697.7M+3.7% $672.6M-3.0% $693.7M
Current Assets $794.9M+0.2% $793.2M+0.7% $787.9M-3.7% $818.1M+32.4% $618.1M+9.4% $565.2M+13.4% $498.5M-12.4% $568.8M
Cash & Equivalents $276.1M-12.2% $314.3M+35.4% $232.2M-35.5% $360.1M+5.0% $343.0M+6.1% $323.2M+13.4% $285.0M-20.7% $359.5M
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable N/A N/A N/A N/A N/A N/A N/A N/A
Goodwill N/A N/A N/A N/A $0-100.0% $17.5M-70.0% $58.3M-1.1% $59.0M
Total Liabilities $259.1M-5.2% $273.3M+19.5% $228.6M-27.1% $313.7M+70.2% $184.3M+14.5% $160.9M+14.7% $140.3M-29.7% $199.7M
Current Liabilities $199.5M-6.3% $212.8M+15.7% $183.9M-34.7% $281.5M+77.3% $158.7M+20.7% $131.5M+15.7% $113.7M-35.9% $177.2M
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A $108K
Total Equity $772.3M+5.1% $734.7M+0.3% $732.6M+11.4% $657.6M+17.9% $557.7M+3.9% $536.8M+0.8% $532.3M+7.7% $494.1M
Retained Earnings $432.6M+5.2% $411.2M-3.3% $425.1M+3.2% $412.1M+46.4% $281.6M+3.9% $271.0M-10.2% $301.9M+22.0% $247.5M

SIMO Cash Flow Statement

Metric Q4'24 Q4'23 Q4'22 Q4'21 Q4'20 Q4'19 Q4'18 Q4'17
Operating Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Capital Expenditures N/A N/A N/A N/A N/A N/A N/A N/A
Free Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Investing Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Financing Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

SIMO Financial Ratios

Metric Q4'24 Q4'23 Q4'22 Q4'21 Q4'20 Q4'19 Q4'18 Q4'17
Gross Margin N/A N/A N/A N/A N/A N/A N/A N/A
Operating Margin N/A N/A N/A N/A N/A N/A N/A N/A
Net Margin N/A N/A N/A N/A N/A N/A N/A N/A
Return on Equity N/A N/A N/A N/A N/A N/A N/A N/A
Return on Assets N/A N/A N/A N/A N/A N/A N/A N/A
Current Ratio 3.98+0.3 3.73-0.6 4.29+1.4 2.91-1.0 3.89-0.4 4.30-0.1 4.39+1.2 3.21
Debt-to-Equity 0.34-0.0 0.37+0.1 0.31-0.2 0.48+0.1 0.33+0.0 0.30+0.0 0.26+0.3 0.00
FCF Margin N/A N/A N/A N/A N/A N/A N/A N/A

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Frequently Asked Questions

Silicon Motion Technology Corp (SIMO) reported $803.6M in total revenue for fiscal year 2024. This represents a 25.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Silicon Motion Technology Corp (SIMO) revenue grew by 25.7% year-over-year, from $639.1M to $803.6M in fiscal year 2024.

Yes, Silicon Motion Technology Corp (SIMO) reported a net income of $89.2M in fiscal year 2024, with a net profit margin of 11.1%.

Silicon Motion Technology Corp (SIMO) reported diluted earnings per share of $0.66 for fiscal year 2024. This represents a 65.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Silicon Motion Technology Corp (SIMO) had EBITDA of $116.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

Silicon Motion Technology Corp (SIMO) had a gross margin of 45.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

Silicon Motion Technology Corp (SIMO) had an operating margin of 11.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

Silicon Motion Technology Corp (SIMO) had a net profit margin of 11.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Yes, Silicon Motion Technology Corp (SIMO) paid $0.50 per share in dividends during fiscal year 2024.

Silicon Motion Technology Corp (SIMO) has a return on equity of 11.6% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

Silicon Motion Technology Corp (SIMO) generated $32.7M in free cash flow during fiscal year 2024. This represents a -66.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Silicon Motion Technology Corp (SIMO) generated $77.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

Silicon Motion Technology Corp (SIMO) had $1.0B in total assets as of fiscal year 2024, including both current and long-term assets.

Silicon Motion Technology Corp (SIMO) invested $44.4M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Silicon Motion Technology Corp (SIMO) invested $217.8M in research and development during fiscal year 2024.

Silicon Motion Technology Corp (SIMO) had 135M shares outstanding as of fiscal year 2024.

Silicon Motion Technology Corp (SIMO) had a current ratio of 3.98 as of fiscal year 2024, which is generally considered healthy.

Silicon Motion Technology Corp (SIMO) had a debt-to-equity ratio of 0.34 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

Silicon Motion Technology Corp (SIMO) had a return on assets of 8.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

Silicon Motion Technology Corp (SIMO) has an Altman Z-Score of 11.01, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Silicon Motion Technology Corp (SIMO) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Silicon Motion Technology Corp (SIMO) has an earnings quality ratio of 0.86x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Silicon Motion Technology Corp (SIMO) scores 62 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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