MSFT
Microsoft Corporation
MSFT has lower modeled downside risk, despite its lower overall score.
TTMI
TTM Technologies, Inc.
TTMI has a slight edge over MSFT overall, supported by stronger modeled upside and stronger fundamentals.
MSFT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Healthy | |
| Strong |
MSFT's revenue, profitability, cash flow and balance sheet are all currently healthy.
TTMI Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Under pressure | |
| Healthy |
TTMI's revenue, profitability and balance sheet are currently healthy, but its cash flow is under pressure.
MSFT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 25x | $523 | — |
| Cheap | 27x | $525 | +0.4% |
| Current | 27x | $523 | — |
| Fair | 34x | $652 | +25% |
| Expensive | 37x | $711 | +36% |
Historical ranges are pointers, not guarantees.
MSFT has the edge over TTMI in the historical PE scenario, which offers more potential upside but is not a forecast.
TTMI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 9.8x | $76.28 | — |
| Cheap | 13x | $32.17 | -58% |
| Fair | 27x | $67.33 | -12% |
| Current | 31x | $76.28 | — |
| Expensive | 62x | $155 | +103% |
Historical ranges are pointers, not guarantees.
TTMI's PE is in its fair range at 31x. If earnings grow as analysts expect, today's price would be 9.8x next year's earnings, in its cheap range.
MSFT Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Strong growth | |
| Stable | |
| Moderate | |
| High |
Analysts expect strong earnings and revenue growth for MSFT, with profitability holding steady.
TTMI Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
TTMI has the edge over MSFT on the outlook, with more favorable profitability expectations.
MSFT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $20.79 | +8.6% |
| Q3 2026 | $19.15 | +36% |
| Q2 2026 | $17.95 | +32% |
| Q1 2026 | $16.80 | +30% |
| Q4 2025 | $15.99 | +29% |
| Q3 2025 | $14.06 | +16% |
| Q2 2025 | $13.64 | +16% |
| Q1 2025 | $12.93 | +12% |
| Q4 2024 | $12.41 | +12% |
MSFT's earnings per share have climbed steadily: $19.15 over the past year, up 36% from the year before, and higher year over year for 14 quarters in a row.
TTMI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $7.79 | +211% |
| Q3 2026 | $2.50 | +98% |
| Q2 2026 | $2.21 | +146% |
| Q1 2026 | $1.84 | +145% |
| Q4 2025 | $1.68 | +211% |
| Q3 2025 | $1.26 | +91% |
| Q2 2025 | $0.90 | +463% |
| Q1 2025 | $0.75 | +$0.77 |
| Q4 2024 | $0.54 | +$0.72 |
TTMI's earnings per share have climbed steadily: $2.50 over the past year, up 98% from the year before, and higher year over year for nine quarters in a row.
MSFT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $92.3B | +19% |
| Q2 2026 | $90B | +18% |
| Q1 2026 | $82.9B | +18% |
| Q4 2025 | $81.3B | +17% |
| Q3 2025 | $77.7B | +18% |
| Q2 2025 | $76.4B | +18% |
| Q1 2025 | $70.1B | +13% |
| Q4 2024 | $69.6B | +12% |
MSFT's revenue has grown year over year every quarter since late 2020: $92.3B last quarter, up 19% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 50% | +0.9 points |
| Q2 2026 | 45% | +0.2 points |
| Q1 2026 | 46% | +0.7 points |
| Q4 2025 | 47% | +1.6 points |
| Q3 2025 | 49% | +2.3 points |
| Q2 2025 | 45% | +1.8 points |
| Q1 2025 | 46% | +1.1 points |
| Q4 2024 | 45% | +1.9 points |
MSFT has the edge over TTMI on profitability, with a higher operating margin.
TTMI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.2B | +60% |
| Q2 2026 | $1B | +37% |
| Q1 2026 | $846M | +30% |
| Q4 2025 | $774.3M | +19% |
| Q3 2025 | $752.7M | +22% |
| Q2 2025 | $730.6M | +21% |
| Q1 2025 | $648.7M | +14% |
| Q4 2024 | $651M | +14% |
TTMI has the edge over MSFT on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 13% | +3.9 points |
| Q2 2026 | 11% | +2.4 points |
| Q1 2026 | 8.6% | +0.8 points |
| Q4 2025 | 10% | +9 points |
| Q3 2025 | 9.6% | +1.3 points |
| Q2 2025 | 8.4% | +2 points |
| Q1 2025 | 7.8% | +4.8 points |
| Q4 2024 | 1.4% | -4.7 points |
TTMI's operating margin was 13% last quarter, up 3.9 points from the same quarter a year ago, near the top of its range since 2019.
MSFT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $18.6B | -27% |
| Q2 2026 | $19.6B | -23% |
| Q1 2026 | $15.8B | -22% |
| Q4 2025 | $5.9B | -9.3% |
| Q3 2025 | $25.7B | +33% |
| Q2 2025 | $25.6B | +9.6% |
| Q1 2025 | $20.3B | -3.2% |
| Q4 2024 | $6.5B | -29% |
MSFT's free cash flow has been positive every quarter for seven years: $60B over the past year, down 23% from the year before.
TTMI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $72.3M | +71% |
| Q2 2026 | $34.1M | -8.9% |
| Q1 2026 | -$85.1M | -$11.1M |
| Q4 2025 | -$6.5M | -122% |
| Q3 2025 | $42.4M | +75% |
| Q2 2025 | $37.4M | +1467% |
| Q1 2025 | -$74M | -$68.5M |
| Q4 2024 | $30M | +2052% |
TTMI has the edge over MSFT on cash flow, with more consistent year-over-year improvement.
MSFT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -7M shares |
| 1 year | -0.3% | -20M shares |
| 3 years | -0.2% | -16M shares |
| 5 years | -1.6% | -121M shares |
| Available history | -3.2% | -245M shares |
MSFT has the edge over TTMI on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $4.4B |
| Q2 2026 | $4.6B |
| Q1 2026 | $4.6B |
| Q4 2025 | $7.4B |
| Q3 2025 | $5.7B |
| Q2 2025 | $4.5B |
| Q1 2025 | $4.8B |
| Q4 2024 | $5B |
MSFT spent $21B buying back its own shares over the past year, up 5.2% from the year before.
TTMI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +116K shares |
| 1 year | +1.8% | +1.9M shares |
| 3 years | +4% | +4.2M shares |
| 5 years | -0.6% | -646K shares |
| Available history | +1.3% | +1.4M shares |
TTMI has 108M diluted shares, up 1.8% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | $17.9M |
| Q4 2024 | — |
TTMI hasn't bought back shares in the past year.
MSFT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.1x | Very low |
| Q2 2026 | 0.1x | Very low |
MSFT has the edge over TTMI on leverage, with a lower net debt burden relative to earnings.
TTMI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.3x | Healthy |
| Q2 2026 | 1.0x | Very low |
| Q1 2026 | 1.2x | Healthy |
| Q4 2025 | 1.0x | Healthy |
| Q3 2025 | 1.3x | Healthy |
| Q2 2025 | 1.5x | Healthy |
| Q1 2025 | 1.8x | Healthy |
| Q4 2024 | 1.6x | Healthy |
TTMI's net debt is about 1.3 years of its operating earnings (EBITDA), about the same as a year ago.
MSFT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.1 | Neutral |
| Stochastic | 68.0 | Neutral |
MSFT's weekly RSI is 62 (neutral) and its Stochastic is 68 (neutral).
TTMI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 37.7 | Neutral |
| Stochastic | 14.2 | Oversold |
TTMI's weekly RSI is 38 (neutral) and its Stochastic is 14 (oversold).
MSFT PE vs Technology Sector
| Metric | MSFT | Sector median | Relative |
|---|---|---|---|
| PE | 27x | 28x | 2% below |
| PE % | 16 | 35 | 19 pts below |
MSFT has the edge over TTMI on valuation relative to its sector.
TTMI PE vs Technology Sector
| Metric | TTMI | Sector median | Relative |
|---|---|---|---|
| PE | 31x | 28x | 9.5% above |
| PE % | 59 | 35 | 24 pts above |
TTMI is trading at 31x earnings, in line with the Technology sector's median of 28x.
MSFT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $524.7 | 0.3% below |
| 20 week MA | $484.8 | 7.9% above |
| 50 week MA | $446.9 | 17% above |
| 100 week MA | $453.8 | 15% above |
| 200 week MA | $411.5 | 27% above |
MSFT has the edge over TTMI on trend strength, trading above more of its moving averages.
TTMI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $97.7 | 22% below |
| 20 week MA | $117.0 | 35% below |
| 50 week MA | $118.9 | 36% below |
| 100 week MA | $78.3 | 2.6% below |
| 200 week MA | $47.2 | 62% above |
TTMI has fallen below most of its moving averages, though it's still 62% above its 200-week average.
MSFT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $159.0 | $222.8 | +40% |
| 2021 | $222.8 | $334.7 | +50% |
| 2022 | $334.7 | $238.7 | -29% |
| 2023 | $238.7 | $376.0 | +58% |
| 2024 | $376.0 | $430.5 | +14% |
| 2025 | $430.5 | $487.7 | +13% |
| 2026 YTD | $487.7 | $523.0 | +7.2% |
MSFT has the edge over TTMI on returns for 2026, with the stronger performance.
TTMI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $15.0 | $13.7 | -8.4% |
| 2021 | $13.7 | $14.5 | +5.6% |
| 2022 | $14.5 | $15.0 | +3.3% |
| 2023 | $15.0 | $15.8 | +5.7% |
| 2024 | $15.8 | $25.0 | +58% |
| 2025 | $25.0 | $71.7 | +186% |
| 2026 YTD | $71.7 | $76.3 | +6.4% |
TTMI has finished higher in five of the last six years, two of them by more than 50%. It's up 6.4% so far in 2026.