Which has the lower trailing P/E, FLEX or MCHP?

FLEX has the lower trailing P/E: FLEX trades at 45.03 and MCHP at 112.95. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, FLEX or MCHP?

Over the past five years, FLEX grew revenue faster — FLEX at a 3.76% CAGR versus MCHP at -2.11%.

Does FLEX or MCHP pay a bigger dividend?

MCHP pays a dividend (2.32% yield), while FLEX has no payments in the available dividend history.

Is FLEX or MCHP more profitable?

MCHP runs the higher net margin — FLEX at 3.32% versus MCHP at 8.80%.

How have FLEX and MCHP total returns compared?

Over the past 10 years, FLEX delivered 23.54% and MCHP delivered 11.80% annualized total return. Past performance doesn't predict future results.

Flex Ltd. (FLEX) vs Microchip Technology Incorporated (MCHP)

A side-by-side comparison of Flex Ltd. and Microchip Technology Incorporated across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 2, 2026. Differences are shown without an overall score or investment verdict.

FLEX

Flex Ltd.

$43.08B

$116.63TechnologyDelayed quote: Oct 2, 2026, 3:55 PM EDT

MCHP

Microchip Technology Incorporated

$44.22B

$81.44TechnologyDelayed quote: Oct 2, 2026, 3:55 PM EDT

Total return — FLEX vs MCHP

growth of $100 · dividends reinvested · last 10y

FLEX +742.9% (+23.8%/yr)MCHP +209.1% (+11.9%/yr)FLEX compounded faster over this window

FLEX MCHP

FLEX vs MCHP: by the numbers

•MCHP is the larger company ($44.22B vs $43.08B market cap).
•FLEX trades at the lower trailing earnings multiple (45.03 vs 112.95 P/E), one valuation lens rather than an overall verdict.
•MCHP converts more revenue to profit (8.80% vs 3.32% net margin).
•FLEX grew revenue faster over the past five years (3.76% vs -2.11% CAGR).
•MCHP pays a dividend (2.32% yield), while FLEX has no payments in the available dividend history.

Metrics side by side

Valuation

Metric	FLEX	MCHP
P/E ratio	45.03	112.95
Forward P/E	24.81	N/A
PEG ratio	3.22	N/A
P/S ratio	1.47	8.63
P/B ratio	7.83	6.86
EV / EBITDA	23.59	33.58
FCF yield	2.48%	2.51%

Profitability

Metric	FLEX	MCHP
Gross margin	9.49%	60.19%
Operating margin	5.17%	15.52%
Net margin	3.32%	8.80%
ROE	17.69%	6.98%
ROIC	9.65%	5.01%

Dividends

Metric	FLEX	MCHP
Dividend yield	N/A	2.32%
Payout ratio	N/A	252.43%

Growth (annualized)

Metric	FLEX	MCHP
Revenue CAGR (5Y)	3.76%	-2.11%
EPS CAGR (5Y)	13.63%	N/A
FCF CAGR (5Y)	N/A	-9.94%
Total return CAGR (5Y)	43.98%	2.77%

Frequently asked

Which has the lower trailing P/E, FLEX or MCHP?: FLEX has the lower trailing P/E: FLEX trades at 45.03 and MCHP at 112.95. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, FLEX or MCHP?: Over the past five years, FLEX grew revenue faster — FLEX at a 3.76% CAGR versus MCHP at -2.11%.
Does FLEX or MCHP pay a bigger dividend?: MCHP pays a dividend (2.32% yield), while FLEX has no payments in the available dividend history.
Is FLEX or MCHP more profitable?: MCHP runs the higher net margin — FLEX at 3.32% versus MCHP at 8.80%.
How have FLEX and MCHP total returns compared?: Over the past 10 years, FLEX delivered 23.54% and MCHP delivered 11.80% annualized total return. Past performance doesn't predict future results.

Go deeper

Full FLEX analysis Full MCHP analysis Interactive comparison tool

Dig into the metrics

Flex P/E ratio Microchip Technology P/E ratio Microchip Technology dividend yield Flex ROE Microchip Technology ROE Flex operating margin Microchip Technology operating margin Flex revenue growth Microchip Technology revenue growth Flex free cash flow Microchip Technology free cash flow

Flex & Microchip Technology appear in these rankings

Highest Dividend Yield Stocks Highest 10-Year Total Return Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 2, 2026.