FLYW
Flywire Corporation
FLYW's outlook is improving, though it still trails on the overall score.
MU
Micron Technology, Inc.
MU has the edge over FLYW overall, supported by stronger modeled upside and stronger valuation.
FLYW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Healthy |
FLYW's revenue, profitability, cash flow and balance sheet are all currently healthy.
MU Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
MU's revenue, profitability, cash flow and balance sheet are all currently strong.
FLYW PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 34x | $21.47 | — |
| Current | 35x | $21.47 | — |
| Cheap | 68x | $41.45 | +93% |
| Fair | 120x | $73.41 | +242% |
| Expensive | 276x | $168 | +683% |
Historical ranges are pointers, not guarantees.
FLYW has the edge over MU in the historical PE scenario, which offers more potential upside but is not a forecast.
MU PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 4.6x | $798 | — |
| Cheap | 10x | $777 | -2.7% |
| Current | 11x | $798 | — |
| Fair | 22x | $1,646 | +106% |
| Expensive | 32x | $2,404 | +201% |
Historical ranges are pointers, not guarantees.
MU's PE is in its cheap range at 11x. If earnings grow as analysts expect, today's price would be 4.6x next year's earnings.
FLYW Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect strong earnings and revenue growth for FLYW, with profitability improving.
MU Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Broad | |
| Moderate |
MU has the edge over FLYW on the outlook, with more favorable valuation expectations.
FLYW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.64 | +4.4% |
| Q3 2026 | $0.61 | +$0.63 |
| Q2 2026 | $0.27 | +440% |
| Q1 2026 | $0.24 | +500% |
| Q4 2025 | $0.11 | +450% |
| Q3 2025 | -$0.02 | -112% |
| Q2 2025 | $0.05 | +$0.10 |
| Q1 2025 | $0.04 | +$0.13 |
| Q4 2024 | $0.02 | +$0.09 |
FLYW has returned to profit: it earned $0.61 per share over the past year, after losing money the year before.
MU Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $174.95 | +135% |
| Q3 2026 | $74.33 | +879% |
| Q2 2026 | $44.17 | +693% |
| Q1 2026 | $21.18 | +405% |
| Q4 2025 | $10.52 | +201% |
| Q3 2025 | $7.59 | +984% |
| Q2 2025 | $5.57 | +$6.99 |
| Q1 2025 | $4.19 | +$7.64 |
| Q4 2024 | $3.49 | +$9.77 |
MU has the edge over FLYW on earnings, with more consistent year-over-year improvement.
FLYW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $250.3M | +25% |
| Q2 2026 | $167.7M | +27% |
| Q1 2026 | $188.1M | +41% |
| Q4 2025 | $157.5M | +34% |
| Q3 2025 | $200.1M | +28% |
| Q2 2025 | $131.9M | +27% |
| Q1 2025 | $133.5M | +17% |
| Q4 2024 | $117.6M | +17% |
FLYW's revenue has grown year over year every quarter since early 2021: $250M last quarter, up 25% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 21% | +5 points |
| Q2 2026 | -1.6% | +5.2 points |
| Q1 2026 | 5.7% | +14 points |
| Q4 2025 | -0.6% | +4.3 points |
| Q3 2025 | 16% | +3.2 points |
| Q2 2025 | -6.8% | +8.4 points |
| Q1 2025 | -8.2% | -3 points |
| Q4 2024 | -4.9% | +5.1 points |
FLYW's operating margin was 21% last quarter, up 5 points from the same quarter a year ago, near the top of its range since 2020.
MU Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $54.2B | +379% |
| Q2 2026 | $41.5B | +346% |
| Q1 2026 | $23.9B | +196% |
| Q4 2025 | $13.6B | +57% |
| Q3 2025 | $11.3B | +46% |
| Q2 2025 | $9.3B | +37% |
| Q1 2025 | $8.1B | +38% |
| Q4 2024 | $8.7B | +84% |
MU has the edge over FLYW on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 81% | +48 points |
| Q2 2026 | 80% | +57 points |
| Q1 2026 | 68% | +46 points |
| Q4 2025 | 45% | +20 points |
| Q3 2025 | 32% | +13 points |
| Q2 2025 | 23% | +13 points |
| Q1 2025 | 22% | +19 points |
| Q4 2024 | 25% | +49 points |
MU has the edge over FLYW on profitability, with a higher operating margin.
FLYW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $125M | -17% |
| Q2 2026 | $20.8M | -11% |
| Q1 2026 | -$16M | +$63.1M |
| Q4 2025 | $4.5M | +$46.1M |
| Q3 2025 | $149.9M | -21% |
| Q2 2025 | $23.5M | +$43.2M |
| Q1 2025 | -$79.1M | -$40.7M |
| Q4 2024 | -$41.6M | -170% |
FLYW generated $134M in free cash flow over the past year, up 154% from the year before.
MU Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $32.9B | +45543% |
| Q2 2026 | $17.6B | +951% |
| Q1 2026 | $5.5B | +$5.6B |
| Q4 2025 | $3B | +7853% |
| Q3 2025 | $72M | -75% |
| Q2 2025 | $1.7B | +322% |
| Q1 2025 | -$113M | +$52M |
| Q4 2024 | $38M | +$433M |
MU has the edge over FLYW on cash flow, with more consistent year-over-year improvement.
FLYW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +6% | +7.3M shares |
| 1 year | +1.6% | +2M shares |
| 3 years | +3.4% | +4.2M shares |
| 5 years | +147% | +77.2M shares |
| Available history | +46% | +40.6M shares |
FLYW has 130M diluted shares, up 1.6% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $20.5M |
| Q1 2026 | $10M |
| Q3 2025 | $10M |
| Q2 2025 | $5M |
| Q1 2025 | $49.3M |
| Q1 2021 | — |
| Q4 2020 | — |
MU Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -2M shares |
| 1 year | +1.6% | +18M shares |
| 3 years | +4.6% | +50M shares |
| 5 years | +0.2% | +2M shares |
| Available history | +1.2% | +14M shares |
MU has 1.1B diluted shares, up 1.6% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $350M |
| Q4 2025 | $300M |
| Q3 2024 | $300M |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
MU has spent almost nothing on buybacks in the past year.
FLYW Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -4.9x | Net Cash |
| Q1 2026 | -6.1x | Net Cash |
| Q4 2025 | -12.3x | Net Cash |
| Q3 2025 | -17.3x | Net Cash |
| Q2 2025 | -26.1x | Net Cash |
| Q1 2025 | -741.5x | Net Cash |
| Q4 2024 | -125.1x | Net Cash |
FLYW has the edge over MU on leverage, with a lower net debt burden relative to earnings.
MU Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.3x | Net Cash |
| Q2 2026 | -0.3x | Net Cash |
| Q1 2026 | -0.1x | Net Cash |
| Q4 2025 | 0.1x | Very low |
| Q3 2025 | 0.3x | Very low |
| Q2 2025 | 0.3x | Very low |
| Q1 2025 | 0.5x | Very low |
| Q4 2024 | 0.6x | Very low |
MU has more cash than debt.
FLYW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 68.5 | Neutral |
| Stochastic | 89.5 | Overbought |
FLYW's weekly RSI is 68 (neutral) and its Stochastic is 90 (overbought).
MU Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.1 | Neutral |
| Stochastic | 26.9 | Neutral |
MU's weekly RSI is 47 (neutral) and its Stochastic is 27 (neutral).
FLYW PE vs Technology Sector
| Metric | FLYW | Sector median | Relative |
|---|---|---|---|
| PE | 35x | 28x | 26% above |
| PE % | 0 | 43 | 43 pts below |
FLYW is trading at 35x earnings, a 26% premium to the Technology sector's median of 28x.
MU PE vs Technology Sector
| Metric | MU | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 28x | 61% below |
| PE % | 18 | 35 | 17 pts below |
MU has the edge over FLYW on valuation relative to its sector.
FLYW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $19.3 | 11% above |
| 20 week MA | $18.5 | 16% above |
| 50 week MA | $15.7 | 37% above |
| 100 week MA | $14.4 | 49% above |
| 200 week MA | $19.3 | 11% above |
FLYW has the edge over MU on trend strength, trading above more of its moving averages.
MU Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $914.5 | 13% below |
| 20 week MA | $931.0 | 14% below |
| 50 week MA | $685.9 | 16% above |
| 100 week MA | $405.4 | 97% above |
| 200 week MA | $246.0 | 225% above |
MU has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 225% above its 200-week average.
FLYW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $34.3 | $36.5 | +6.4% |
| 2022 | $36.5 | $21.9 | -40% |
| 2023 | $21.9 | $23.2 | +5.7% |
| 2024 | $23.2 | $20.3 | -13% |
| 2025 | $20.3 | $14.5 | -29% |
| 2026 YTD | $14.5 | $21.5 | +49% |
FLYW is up 49% so far in 2026, after finishing lower in three of the previous five years.
MU Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $54.0 | $70.6 | +31% |
| 2021 | $70.6 | $94.4 | +34% |
| 2022 | $94.4 | $50.2 | -47% |
| 2023 | $50.2 | $85.3 | +70% |
| 2024 | $85.3 | $88.6 | +3.9% |
| 2025 | $88.6 | $284.8 | +221% |
| 2026 YTD | $284.8 | $798.4 | +180% |
MU has the edge over FLYW on returns for 2026, with the stronger performance.