Quality Investor

SiTime Corporation

Rank #458Hypergrowth

SITM · Nasdaq · Technology

SiTime Corporation (SITM) — Rank #458 by gross profitability (GP/assets 0.07) · ROE -4.2% · Piotroski F-Score 6 / 9.

As-of 2026-09-15 · CIK 0001451809 · all metrics point-in-time as of the filing date.

About

SiTime Corporation engages in the design, development, and sale of silicon timing systems solutions in Hong Kong, Taiwan, the United States, Singapore, and internationally.

Show more

It offers various types of oscillators, as well as clock integrated circuits, resonators, and synchronization software for use in artificial intelligence systems, data center, communications, enterprise, automotive, industrial, aerospace, defense, mobile, Internet of Things, and consumer markets.

The company was incorporated in 2003 and is based in Santa Clara, California.

Industry
Semiconductors
Sector
Technology
Filer Category
Large accelerated filer
Fiscal Year End
December 31
Website
sitime.com

Price History

SITM+183.0% · +23.1% CAGRSPY+80.5% · +12.5% CAGR

Company Snapshot

P/S is the primary valuation lens — earnings are reinvested, not available for P/E.

Market Cap

$16.35B

P/E (annual)

P/S (annual)

50.0

P/B

15.9

P/OCF (annual)

187.6

Shareholder Yield

-8.0%

Employees

441

Industry

Semiconductors

Exchange

Nasdaq

Signal Flags

2 green1 yellow
Revenue growth acceleratingGrowth rate increasing year over year
Sequential beat (rev + EPS)Both revenue and EPS exceeded prior quarter — 1-quarter streak
Dilution above 2%Annual share count increase exceeds 2%. May be acceptable for high-growth companies funding talent via stock compensation

Quality Profile

Profitability

1/1 pass
GP / assets
0.07
Return on equity
-4.2%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
1.44
Current ratio
19.45×
Net cash
$1.92B

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
31.7%

Growth

1/2 pass
Revenue growth
61.2%
Piotroski F-Score
6 / 9
Share dilution
8.0%

Terry Smith quality gate

Passes 1/5 Terry Smith thresholds

2 of 5 thresholds not computable from filed data.

What Growth Is Priced In

Implied revenue growth (10Y)

50.1%

stretched

The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).

Dilution drag: 8.0% — per-share value needs a total required return of 58.1% once share-count change is priced in.

vs. own 6-year median revenue growth: 39.5%

within its own history

Cost-of-equity sensitivity (implied growth at different discount rates)

r = 8%

43.5%

r = 10% (base)

50.1%

r = 12%

55.8%

Net debt / market cap: -14.2%

Base FCF: $35.1M3Y mean FCF: $7.1M

Valuation History

Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.

P / S

Price / revenue per share

33.3xExpensive
2.9xmed 17.2x33.3x

P / B

Price / book value per share

9.4xFair
3.0xmed 6.4x23.2x

P / GP

Price / gross profit per share

62.2xExpensive
6.8xmed 28.4x62.2x

P / FCF

Price / free cash flow per share

310.1xExpensive
62.0xmed 242.4x338.8x

Revenue growth and the path to profitability (margin trend) are the primary reads at this stage.

Profitability

Gross profitability (GP / assets)

0.07

Primary signal (Novy-Marx).

17th of 17 SIC 3674 peers

Return on equity

-4.2%

Gross margin

53.6%

8th of 17 SIC 3674 peers

Revenue growth (YoY)

61.2%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2022202320242025
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

4.8%

Revenue CAGR (5Y)

23.0%

Earnings CAGR (3Y)

FCF CAGR (3Y)

64.0%

Anti-fragile safety

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

1.44

15th of 16 SIC 3674 peers (best = lowest)

Current ratio

19.45×

1st of 17 SIC 3674 peers

Quick ratio

18.32×

Net cash

$1.92B

Cash & equivalents minus total debt.

Cash-flow health

Free cash flow

$35.13M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF / net income

1.82

Cash-backing of earnings.

FCF/NI divergence

Unfavorable divergence (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

31.7%

Stock-based comp intensity.

Piotroski F-Score

F-Score

6 / 9

Fundamental-strength score (0-9).

Lifecycle Phase History

20202025
Hypergrowth
Decline