Applied Materials, Inc.

AMATNASDAQ

$376.64

Last price · USD

Market cap: $304.3B
P/E: 43.5x
EV / EBITDA: 30.5x
P/S: 10.7x
FCF yield: 1.9%
Div. yield: 0.45%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

Applied Materials, Inc. balance sheet

Annual · USD millions except per-share data · 46 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	7,241	8,022	6,132	1,995	4,995	+9.7%
Short-term investments	1,332	1,449	737	586	464	+30.2%
Cash & short-term investments	8,573	9,471	6,869	2,581	5,459	+11.9%
Net receivables	5,333	5,354	5,577	6,529	5,546	-1.0%
Accounts receivable	5,185	5,234	5,165	6,068	4,953	+1.2%
Other receivables	148	120	412	461	593	-29.3%
Inventory	5,915	5,421	5,725	5,932	4,309	+8.2%
Prepaids	0	0	0	461	593	—
Other current assets	1,060	974	976	422	200	+51.7%
Total current assets	20,881	21,220	19,147	15,925	16,107	+6.7%
Non-current assets
Property, plant & equipment (net)	5,119	3,714	3,201	2,696	2,228	+23.1%
Goodwill	3,707	3,732	3,732	3,700	3,479	+1.6%
Intangible assets	226	249	294	339	104	+21.4%
Goodwill & intangible assets	3,933	3,981	4,026	4,039	3,583	+2.4%
Long-term investments	4,327	2,787	2,281	1,980	2,055	+20.5%
Tax assets	1,233	2,393	1,729	1,395	1,623	-6.6%
Other non-current assets	806	314	345	691	229	+37.0%
Total non-current assets	15,418	13,189	11,582	10,801	9,718	+12.2%
Total assets	36,299	34,409	30,729	26,726	25,825	+8.9%
Current liabilities
Accounts payable	1,978	1,570	1,478	1,755	1,472	+7.7%
Other payables	745	535	549	569	972	-6.4%
Total payables	2,723	2,105	2,027	2,324	2,444	+2.7%
Short-term debt	100	800	100	0	0	—
Capital lease obligations (current)	91	87	186	85	73	+5.7%
Tax payables	0	535	282	349	758	—
Deferred revenue	2,566	2,849	2,975	3,142	2,076	+5.4%
Other current liabilities	1,386	1,439	1,024	905	924	+10.7%
Total current liabilities	7,999	8,468	7,372	7,379	6,344	+6.0%
Non-current liabilities
Long-term debt	6,455	5,460	5,461	5,457	5,452	+4.3%
Capital lease obligations (non-current)	404	259	252	287	228	+15.4%
Other non-current liabilities	1,026	1,221	1,295	1,409	1,554	-9.9%
Total non-current liabilities	7,885	6,940	7,008	7,153	7,234	+2.2%
Capital lease obligations	495	346	438	372	301	+13.2%
Total debt	7,050	6,605	5,999	5,829	5,753	+5.2%
Total liabilities	15,884	15,408	14,380	14,532	13,578	+4.0%
Stockholders' equity
Common stock	8	8	8	8	9	-2.9%
Retained earnings	55,227	49,651	43,726	37,892	32,246	+14.4%
Additional paid-in capital	10,333	9,660	9,131	8,593	8,247	+5.8%
Treasury stock	(45,043)	(40,150)	(36,299)	(34,097)	(27,995)	—
Accumulated other comprehensive income (loss)	(110)	(168)	(217)	(202)	(260)	—
Total stockholders' equity	20,415	19,001	16,349	12,194	12,247	+13.6%
Total equity	20,415	19,001	16,349	12,194	12,247	+13.6%
Total liabilities & equity	36,299	34,409	30,729	26,726	25,825	+8.9%
Additional fields
Accrued Expenses	1,133	1,188	1,060	923	827	+8.2%
Net Debt	(191)	(1,417)	(133)	3,834	758	—
Total Investments	5,659	4,236	3,018	2,566	2,519	+22.4%

Applied Materials, Inc.

AMATNASDAQ

$376.64

Last price · USD

Market cap: $304.3B
P/E: 43.5x
EV / EBITDA: 30.5x
P/S: 10.7x
FCF yield: 1.9%
Div. yield: 0.45%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

Applied Materials, Inc. balance sheet

Annual · USD millions except per-share data · 46 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	7,241	8,022	6,132	1,995	4,995	+9.7%
Short-term investments	1,332	1,449	737	586	464	+30.2%
Cash & short-term investments	8,573	9,471	6,869	2,581	5,459	+11.9%
Net receivables	5,333	5,354	5,577	6,529	5,546	-1.0%
Accounts receivable	5,185	5,234	5,165	6,068	4,953	+1.2%
Other receivables	148	120	412	461	593	-29.3%
Inventory	5,915	5,421	5,725	5,932	4,309	+8.2%
Prepaids	0	0	0	461	593	—
Other current assets	1,060	974	976	422	200	+51.7%
Total current assets	20,881	21,220	19,147	15,925	16,107	+6.7%
Non-current assets
Property, plant & equipment (net)	5,119	3,714	3,201	2,696	2,228	+23.1%
Goodwill	3,707	3,732	3,732	3,700	3,479	+1.6%
Intangible assets	226	249	294	339	104	+21.4%
Goodwill & intangible assets	3,933	3,981	4,026	4,039	3,583	+2.4%
Long-term investments	4,327	2,787	2,281	1,980	2,055	+20.5%
Tax assets	1,233	2,393	1,729	1,395	1,623	-6.6%
Other non-current assets	806	314	345	691	229	+37.0%
Total non-current assets	15,418	13,189	11,582	10,801	9,718	+12.2%
Total assets	36,299	34,409	30,729	26,726	25,825	+8.9%
Current liabilities
Accounts payable	1,978	1,570	1,478	1,755	1,472	+7.7%
Other payables	745	535	549	569	972	-6.4%
Total payables	2,723	2,105	2,027	2,324	2,444	+2.7%
Short-term debt	100	800	100	0	0	—
Capital lease obligations (current)	91	87	186	85	73	+5.7%
Tax payables	0	535	282	349	758	—
Deferred revenue	2,566	2,849	2,975	3,142	2,076	+5.4%
Other current liabilities	1,386	1,439	1,024	905	924	+10.7%
Total current liabilities	7,999	8,468	7,372	7,379	6,344	+6.0%
Non-current liabilities
Long-term debt	6,455	5,460	5,461	5,457	5,452	+4.3%
Capital lease obligations (non-current)	404	259	252	287	228	+15.4%
Other non-current liabilities	1,026	1,221	1,295	1,409	1,554	-9.9%
Total non-current liabilities	7,885	6,940	7,008	7,153	7,234	+2.2%
Capital lease obligations	495	346	438	372	301	+13.2%
Total debt	7,050	6,605	5,999	5,829	5,753	+5.2%
Total liabilities	15,884	15,408	14,380	14,532	13,578	+4.0%
Stockholders' equity
Common stock	8	8	8	8	9	-2.9%
Retained earnings	55,227	49,651	43,726	37,892	32,246	+14.4%
Additional paid-in capital	10,333	9,660	9,131	8,593	8,247	+5.8%
Treasury stock	(45,043)	(40,150)	(36,299)	(34,097)	(27,995)	—
Accumulated other comprehensive income (loss)	(110)	(168)	(217)	(202)	(260)	—
Total stockholders' equity	20,415	19,001	16,349	12,194	12,247	+13.6%
Total equity	20,415	19,001	16,349	12,194	12,247	+13.6%
Total liabilities & equity	36,299	34,409	30,729	26,726	25,825	+8.9%
Additional fields
Accrued Expenses	1,133	1,188	1,060	923	827	+8.2%
Net Debt	(191)	(1,417)	(133)	3,834	758	—
Total Investments	5,659	4,236	3,018	2,566	2,519	+22.4%