Applied Materials

Information Technology Semiconductor Materials & Equipment Santa Clara, California Last filing Dec 12, 2025 · FY2025

                    Revenue
                    FY2025
                
$28.4B
                    3y CAGR +3.2%
                    
                    P38
                    
                    +4.4%
                    
                    Net income
                    FY2025
                
$7.0B
                    Net margin +24.7%
                    
                    P76
                    
                    -2.5%
                    
                    Total assets
                    FY2025
                
$36.3B
                    ROA +19.3%
                    
                    P89
                    
                    +5.5%
                    
                    Operating cash flow
                    FY2025
                
$8.0B
                    FCF margin +20.1%
                    
                    P50
                    
                    -8.3%

20 yrs · FY2006–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

35 accounts · 3 years

Total assets $36.3B

Total liabilities $15.9B

Shareholders equity $20.4B

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	19.9%	23.3%	20.0%
Short Term Investments	3.7%	—	—
Accounts Receivable	14.3%	15.2%	16.8%
Inventory	16.3%	15.8%	18.6%
Prepaid Expenses	2.9%	2.8%	3.2%
Other Current Assets	3.3%	—	—
Total Current Assets	57.5%	61.7%	62.3%
Property,Plant and Equipment	12.7%	9.7%	8.9%
Operating Lease Assets	1.4%	1.1%	1.2%
Goodwill	10.2%	10.8%	12.1%
Intangible Assets	0.6%	0.7%	1.0%
Long Term Investments	11.9%	—	—
Deferred Tax Assets	3.4%	—	—
Other Noncurrent Assets	2.2%	0.9%	1.1%
Total Assets	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	5.4%	4.6%	4.8%
Accrued Liabilities	2.2%	2.2%	2.4%
Deferred Revenue	7.1%	—	—
Current Portion of Long Term Debt	0.0%	2.0%	0.0%
Operating Lease Liabilities	0.3%	0.3%	0.3%
Other Current Liabilities	3.0%	—	—
Total Current Liabilities	22.0%	24.6%	24.0%
Long Term Debt	17.8%	15.9%	17.8%
Operating Lease Liabilities Noncurrent	1.1%	0.8%	0.8%
Deferred Tax Liabilities	0.0%	0.2%	0.3%
Other Noncurrent Liabilities	3.0%	2.4%	2.3%
Total Liabilities	43.8%	44.8%	46.8%
Equity
Preferred Stock	0.0%	0.0%	0.0%
Common Stock	0.0%	9.6%	10.8%
Additional Paid In Capital	28.5%	28.1%	29.7%
Retained Earnings	152.1%	144.3%	142.3%
Treasury Stock	124.1%	11.2%	7.2%
Accumulated Other Comprehensive Income	-0.3%	-0.5%	-0.7%
Total Stockholders Equity	56.2%	55.2%	53.2%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

20 accounts · 3 years

Revenue $28.4B

Operating income $8.3B

Net income $7.0B

Account	2025	2024	2023
IncomeStatement
Revenues Total Revenue	78.2%	79.0%	86.3%
Expenses Cost of Revenue	40.1%	41.5%	46.0%
Expenses Research and Development	9.8%	9.4%	10.1%
Expenses Selling,General and Administrative	4.9%	5.2%	5.3%
Expenses Depreciation and Amortization	1.2%	1.1%	1.7%
Expenses Share Based Compensation	1.8%	1.7%	1.6%
Expenses Restructuring and Asset Impairment	0.5%	—	—
Expenses Operating Expenses	15.2%	—	—
Other Income Expense Gross Profit	38.0%	37.5%	40.3%
Other Income Expense Operating Income	22.8%	22.9%	24.9%
Other Income Expense Interest Income	1.1%	—	—
Other Income Expense Other Income/expense	3.4%	1.5%	1.0%
Other Income Expense Income Before Tax	25.5%	23.7%	25.1%
Income Tax Income Tax Expense	6.3%	2.8%	2.8%
net Income net Income	19.3%	20.9%	22.3%
net Income Comprehensive Income	19.4%	21.0%	22.3%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	2.2%	2.4%	2.7%
Earnings Per Share Weighted Average Shares Diluted	2.2%	2.4%	2.7%

Cash Flow Statement

Operating, investing, and financing flows

22 accounts · 3 years

Operating cash flow $8.0B

Investing cash flow $-2.8B

Financing cash flow $-6.0B

Account	2025	2024	2023
CashFlow
Operating Activities net Income	19.3%	20.9%	22.3%
Operating Activities Depreciation and Amortization	1.2%	1.1%	1.7%
Operating Activities Stock Based Compensation	1.8%	—	—
Operating Activities Deferred Income Taxes	3.2%	-2.0%	-1.2%
Operating Activities Changes In Operating Assets and Liabilities	0.4%	-1.0%	-4.2%
Operating Activities Other Non Cash Items	0.1%	—	—
Operating Activities net Cash From Operating Activities	21.9%	25.2%	28.3%
Investing Activities Capital Expenditures	6.2%	3.5%	3.6%
Investing Activities Business Acquisitions	0.1%	0.0%	0.1%
Investing Activities Purchases of Investments	16.7%	10.4%	5.4%
Investing Activities net Cash From Investing Activities	-7.7%	-6.8%	-5.0%
Financing Activities Proceeds From Debt	2.7%	2.0%	0.0%
Financing Activities Repayment of Debt	1.9%	—	—
Financing Activities Repurchase of Common Stock	13.5%	11.1%	7.1%
Financing Activities Dividends Paid	3.8%	3.5%	3.2%
Financing Activities Proceeds From Stock Issuance	0.7%	0.7%	0.7%
Financing Activities Tax Withholding On Stock Based Compensation	0.7%	0.8%	0.6%
Financing Activities net Cash From Financing Activities	-16.5%	-13.0%	-9.9%
Cash Reconciliation Effect of Exchange Rate On Cash	20.1%	—	—
Cash Reconciliation net Change In Cash	-2.2%	5.5%	13.4%
Cash Reconciliation Cash At Beginning of Period	20.1%	23.3%	20.0%
Cash Reconciliation Cash At End of Period	20.1%	23.3%	20.0%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2025	2024	2023
Profitability
Gross margin	+48.7%	+47.5%	+46.7%
Operating margin	+29.2%	+28.9%	+28.9%
Net margin	+24.7%	+26.4%	+25.9%
FCF margin	+20.1%	+27.6%	+28.6%
Growth
Revenue CAGR (3y)	+3.2%	+5.6%	+15.5%
Returns
ROE	+34.3%	+37.8%	+41.9%
ROA	+19.3%	+20.9%	+22.3%
ROIC	+31.9%	+40.4%	+43.4%
Liquidity
Current ratio	2.61x	2.51x	2.60x
Quick ratio	1.55x	1.57x	1.53x
Leverage
D/E	0.78x	0.81x	0.88x
Interest coverage	—	—	32.16x
Efficiency
Asset turnover	0.78x	0.79x	0.86x
Cash conversion cycle	+165d	+169d	+181d

Valuation

Price against fundamentals

FY2025 fundamentals · no price

No price data cached, so there is nothing to multiply. Load prices from the Stock Data tab and this panel reprices itself.

Notes

Your annotations

Not watched

Applied Materials

Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

Price against fundamentals

Your annotations

One-year price and volume history

Price data unavailable

Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

Price against fundamentals

Your annotations

One-year price and volume history

Price data unavailable

Recent price history