MXL (MaxLinear) 3-Year ROIIC % : 257.57% (As of Dec. 2025) — 1311% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MXL MaxLinear Inc MXL
57 GF Score
Price $88.84
GF Value $17.90
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is MaxLinear 3-Year ROIIC %?

MaxLinear MXL -4.01% 57 3-Year ROIIC % is 257.57 as of Dec. 2025, which is 1311% above its 10-year median of 18.25. GuruFocus rates MXL with a GF Score™ of 57/100 and a GF Value™ of $17.90 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 996 Semiconductors companies, MaxLinear ranks better than 95.58% on this metric.

3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year. MaxLinear's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 257.57%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for MaxLinear's 3-Year ROIIC % or its related term are showing as below:

MXL's 3-Year ROIIC % is ranked better than
95.58% of 996 companies
in the Semiconductors industry
Industry Median: -0.075 vs MXL: 257.57

MaxLinear  (NAS:MXL) 3-Year ROIIC % Explanation

Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.

High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

Be Aware

It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.


MaxLinear 3-Year ROIIC % Related Terms


MaxLinear 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for MaxLinear's 3-Year ROIIC % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

MaxLinear 3-Year ROIIC % Chart

MaxLinear Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
3-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 40.55 95.36 -248.60 124.67 257.57

MaxLinear Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
3-Year ROIIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 257.57 0.00

MXL vs QRVO, VSH, CRUS: 3-Year ROIIC % Comparison

For the Semiconductors subindustry, MaxLinear's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


MaxLinear 3-Year ROIIC % vs Semiconductors Industry

For the Semiconductors industry and Technology sector, MaxLinear's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where MaxLinear's 3-Year ROIIC % falls into.


MXL
57GF Score
MaxLinear Inc MXL
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MaxLinear 3-Year ROIIC % Calculation

MaxLinear's 3-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:

3-Year ROIIC %=3-Year Incremental Net Operating Profit After Taxes (NOPAT)**/3-Year Incremental Invested Capital**
=( -99.3042865 (Dec. 2025) - 133.0219782 (Dec. 2022) )/( 623.425 (Dec. 2025) - 713.623 (Dec. 2022) )
=-232.3262647/-90.198
=257.57%***

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.

Frequently Asked Questions Learn more about 3-Year ROIIC % →
What does a 3-Year ROIIC % of 257.57 mean?
MaxLinear (MXL) has a 3-Year ROIIC % of 257.57 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on MaxLinear and its competitors. This is 1311% above median its historical median of 18.25. According to the industry distribution chart, MaxLinear ranks #44 out of 996 companies in the Semiconductors industry, placing it in the top 4.4%.
Is MaxLinear's 3-Year ROIIC % too high?
MaxLinear's current 3-Year ROIIC % of 257.57 is 1311% above median its 10-year median of 18.25. Based on the distribution chart, MaxLinear ranks #44 out of 996 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, MaxLinear has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MaxLinear's 3-Year ROIIC % compare to QRVO and VSH?
According to the Semiconductors industry distribution chart, MaxLinear ranks #44 out of 996 companies for 3-Year ROIIC %. This places MaxLinear in the top 4% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for a Semiconductors company?
A good 3-Year ROIIC % depends on the Semiconductors industry context. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on MaxLinear and its competitors. MaxLinear's current 3-Year ROIIC % is 257.57, which is 1311% above median its own 10-year median of 18.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MaxLinear stock overvalued right now?
Based on GuruFocus' analysis, MaxLinear (MXL) is currently considered Significantly Overvalued. The stock's GF Value™ is $17.90, compared to a current price of $88.84 — trading 396.3% above its estimated fair value. The current 3-Year ROIIC % is 257.57, which is 1311% above median its 10-year median of 18.25. MaxLinear's overall GF Score™ is 57/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For MaxLinear (MXL), the current 3-Year ROIIC % is 257.57 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is MaxLinear (MXL) Overvalued in 2026?

Based on GuruFocus' analysis, MaxLinear stock appears to be overvalued. The current stock price of $88.84 is trading 396.3% above its estimated GF Value™ of $17.90. GuruFocus considers MaxLinear to be Significantly Overvalued.

Key valuation signals for MXL:

  • 3-Year ROIIC %: 257.57 (1311% above median its 10-year median of 18.25)
  • GF Value™: $17.90 vs. price of $88.84 (396.3% above fair value)
  • GF Score™: 57/100 with 5 warning signs

No single metric tells the full story. See the MXL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MaxLinear Business Description

Other Exchanges MXL:MexicoJMX:Germany
Address 5966 La Place Court, Suite 100, Carlsbad, CA, USA, 92008
MaxLinear Inc is a provider of radio frequency and mixed-signal integrated circuits for cable and satellite broadband communications, the connected home, and for data center, metro, and long-haul fiber networks. The company's radio frequency receiver products capture and process digital and analog broadband signals to be decoded for various applications. Its product options include both radio frequency receivers and radio frequency receiver systems-on-chips. The company's products enable the distribution and display of broadband video and data content in a wide range of electronic devices.
57GF Score

Get the complete analysis for MXL

3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$88.84
Price
$17.90
GF Value