ASML Holding N.V. (ASML) 10-Year Financial Performance & Capital Metrics

ASML •

TechnologySemiconductorsSemiconductor Manufacturing Equipment

AboutASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies. In addition, it offers metrology and inspection systems, including YieldStar optical metrology systems to assess the quality of patterns on the wafers; and HMI electron beam solutions to locate and analyze individual chip defects. Further, the company provides computational lithography solutions, and lithography systems and control software solutions; and refurbishes and upgrades lithography systems, as well as offers customer support and related services. It operates in Japan, South Korea, Singapore, Taiwan, China, rest of Asia, the Netherlands, rest of Europe, the Middle East, Africa, and the United States. The company was formerly known as ASM Lithography Holding N.V. and changed its name to ASML Holding N.V. in 2001. ASML Holding N.V. was founded in 1984 and is headquartered in Veldhoven, the Netherlands.Show more

Revenue $31.38B +11.0%
EBITDA $11.84B +19.1%
Net Income $9.23B +21.9%
EPS (Diluted) 23.73 +23.3%
Gross Margin 52.83% +3.0%
EBITDA Margin 37.74% +7.3%
Operating Margin 34.6% +8.4%
Net Margin 29.42% +9.8%
ROE 48.48% +2.4%
ROIC 80.87% +32.0%
Debt/Equity 0.14 -48.9%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 55.4%
✓Strong 5Y profit CAGR of 21.0%
✓Strong Piotroski F-Score: 8/9
✓FCF machine: 33.9% free cash flow margin
✓Momentum leader: RS Rating 91 (top 9%)
✓High quality earnings: Operating CF exceeds net income

✗Weaknesses

✗Expensive at 24.4x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y17.44%

5Y17.55%

3Y14.01%

TTM11.02%

Profit (Net Income) CAGR

10Y20.87%

5Y21.03%

3Y17.95%

TTM21.9%

EPS CAGR

10Y21.96%

5Y24.64%

3Y19.8%

TTM22.32%

ROCE

10Y Avg27.54%

5Y Avg37.63%

3Y Avg39.07%

Latest39.6%

Peer Comparison

Semiconductor Manufacturing Equipment

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LRCXLam Research Corporation	292.64B	233.89	56.36	23.68%	30.22%	61.24%	1.85%	0.48
ASMLASML Holding N.V.	563.03B	1450.56	51.82	11.02%	29.42%	47.08%	2.23%	0.14
VECOVeeco Instruments Inc.	1.85B	30.56	51.80	-7.39%	5.33%	4%	2.48%	0.29
AMATApplied Materials, Inc.	295.23B	372.30	42.99	4.39%	24.67%	34.28%	1.93%	0.32
ACMRACM Research, Inc.	3.33B	55.68	36.39	40.23%	13.3%	6.21%	2.1%	0.17
ACLSAxcelis Technologies, Inc.	2.68B	82.61	21.74	-17.57%	14.33%	11.62%	4%	0.04
ASYSAmtech Systems, Inc.	187.79M	13.05	-6.16	-21.59%	-41.28%	-56.44%	3.69%	0.37

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Sales/Revenue+	6.88B	8.96B	10.94B	11.82B	13.98B	18.61B	21.17B	27.56B	28.26B	31.38B
Revenue Growth %	9.35%	30.36%	22.11%	8%	18.26%	33.14%	13.77%	30.16%	2.56%	11.02%
Cost of Goods Sold+	3.73B	4.94B	5.91B	6.54B	7.18B	8.8B	10.47B	13.42B	13.77B	14.8B
COGS % of Revenue	54.25%	55.15%	54.05%	55.33%	51.37%	47.29%	49.46%	48.71%	48.72%	47.17%
Gross Profit+	3.15B	4.02B	5.03B	5.28B	6.8B	9.81B	10.7B	14.14B	14.49B	16.58B
Gross Margin %	45.75%	44.85%	45.95%	44.67%	48.63%	52.71%	50.54%	51.29%	51.28%	52.83%
Gross Profit Growth %	8.62%	27.82%	25.1%	4.98%	28.74%	44.31%	9.08%	32.11%	2.52%	14.39%
Operating Expenses+	1.39B	1.58B	2.06B	2.49B	2.75B	3.06B	4.2B	5.09B	5.47B	5.72B
OpEx % of Revenue	20.17%	17.63%	18.86%	21.06%	19.64%	16.44%	19.83%	18.48%	19.35%	18.23%
Selling, General & Admin	374.8M	416.6M	488M	520.5M	544.9M	725.6M	945.9M	1.11B	1.17B	1.21B
SG&A % of Revenue	5.45%	4.65%	4.46%	4.4%	3.9%	3.9%	4.47%	4.04%	4.12%	3.85%
Research & Development	1.11B	1.26B	1.58B	1.97B	2.2B	2.55B	3.25B	3.98B	4.3B	4.51B
R&D % of Revenue	16.08%	14.05%	14.4%	16.65%	15.74%	13.69%	15.37%	14.44%	15.23%	14.38%
Other Operating Expenses	-93.8M	-95.8M	0	0	0	-213.7M	0	0	0	0
Operating Income+	1.76B	2.44B	2.97B	2.79B	4.05B	6.75B	6.5B	9.04B	9.02B	10.86B
Operating Margin %	25.58%	27.22%	27.1%	23.61%	28.98%	36.27%	30.7%	32.81%	31.92%	34.6%
Operating Income Growth %	12.36%	38.74%	21.54%	-5.88%	45.17%	66.61%	-3.69%	39.1%	-0.22%	20.31%
EBITDA+	2.12B	2.86B	3.39B	3.24B	4.54B	7.22B	7.08B	9.78B	9.94B	11.84B
EBITDA Margin %	30.77%	31.88%	30.96%	27.41%	32.49%	38.8%	33.46%	35.5%	35.17%	37.74%
EBITDA Growth %	13.61%	35.07%	18.58%	-4.39%	40.22%	58.97%	-1.89%	38.08%	1.63%	19.11%
D&A (Non-Cash Add-back)	356.9M	417.5M	422.7M	448.5M	490.8M	471M	583.6M	739.8M	918.6M	985.41M
EBIT	1.66B	2.34B	2.97B	2.8B	4.06B	6.76B	6.52B	9.24B	9.21B	10.96B
Net Interest Income+	-22.72M	-48.47M	-29.23M	-24.64M	-32.48M	-46.49M	-43.56M	41.06M	29.98M	100.57M
Interest Income	17.33M	6.94M	13.94M	11.44M	7.82M	10.42M	15.82M	190.49M	190.53M	100.57M
Interest Expense	40.06M	55.41M	43.17M	36.08M	40.29M	56.92M	59.38M	149.42M	160.55M	0
Other Income/Expense	33.7M	-67M	-22.1M	-6.8M	53.7M	154.5M	93.4M	232.5M	229.6M	308.72M
Pretax Income+	1.79B	2.37B	2.94B	2.78B	4.11B	6.9B	6.59B	9.27B	9.25B	11.16B
Pretax Margin %	26.07%	26.47%	26.89%	23.55%	29.37%	37.1%	31.14%	33.66%	32.74%	35.58%
Income Tax+	234.4M	306M	351.6M	191.7M	551.5M	1.02B	969.9M	1.44B	1.68B	1.93B
Effective Tax Rate %	86.92%	87.1%	88.05%	93.11%	86.57%	85.21%	85.29%	84.52%	81.84%	82.68%
Net Income+	1.56B	2.07B	2.59B	2.59B	3.55B	5.88B	5.62B	7.84B	7.57B	9.23B
Net Margin %	22.66%	23.06%	23.68%	21.93%	25.42%	31.61%	26.56%	28.44%	26.79%	29.42%
Net Income Growth %	12.3%	32.67%	25.4%	0.03%	37.09%	65.55%	-4.4%	39.38%	-3.41%	21.9%
Net Income (Continuing)	1.56B	2.07B	2.59B	2.59B	3.55B	5.88B	5.62B	7.84B	7.57B	9.23B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	3.63	4.61	6.28	6.06	7.89	14.94	13.80	19.54	19.24	23.73
EPS Growth %	11.35%	27%	36.23%	-3.5%	30.2%	89.35%	-7.63%	41.59%	-1.54%	23.34%
EPS (Basic)	3.65	4.63	6.30	6.07	7.91	14.97	13.81	19.56	19.25	23.76
Diluted Shares Outstanding	427.68M	431.6M	426.4M	421.6M	419.1M	410.4M	398M	394.1M	393.6M	388.9M
Basic Shares Outstanding	425.6M	429.8M	424.9M	420.8M	418.3M	409.8M	397.7M	393.8M	393.3M	388.5M
Dividend Payout Ratio	30.17%	24.09%	23.8%	50.41%	27.92%	24.25%	44.45%	29.43%	33.84%	26.54%

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Current Assets+	8.6B	9.12B	10.54B	11.99B	15.91B	18.24B	22.87B	24.49B	30.74B	30.6B
Cash & Short-Term Investments	4.08B	3.37B	4.04B	4.66B	7.34B	7.61B	7.32B	7.04B	12.74B	13.32B
Cash Only	2.92B	953.7M	779.15M	3.49B	4.5B	4.83B	7.21B	7.03B	12.74B	12.91B
Short-Term Investments	1.16B	2.42B	3.26B	1.17B	2.84B	2.78B	106.81M	5.42M	5.4M	405.73M
Accounts Receivable	1.23B	2.26B	2.4B	2.82B	3.33B	4.57B	6.99B	7.28B	5.44B	4.16B
Days Sales Outstanding	65.14	92.09	80.14	87.03	86.92	89.64	120.48	96.48	70.3	48.44
Inventory	2.87B	3.15B	3.67B	3.98B	4.83B	5.48B	7.62B	9.58B	11.71B	11.42B
Days Inventory Outstanding	280.59	232.36	226.7	222.05	245.45	227.41	265.43	260.48	310.3	281.73
Other Current Assets	236.17M	131.42M	126M	163.72M	131.44M	201.6M	281.36M	112.73M	289.89M	1.7B
Total Non-Current Assets+	8.69B	9.54B	9.61B	10.38B	11.32B	12.08B	13.13B	15.62B	17.85B	19.94B
Property, Plant & Equipment	1.7B	1.76B	1.73B	2.3B	2.81B	3.16B	4.1B	5.82B	7.23B	8.23B
Fixed Asset Turnover	4.05x	5.10x	6.33x	5.15x	4.97x	5.90x	5.16x	4.73x	3.91x	3.81x
Goodwill	4.9B	4.66B	4.54B	4.49B	4.62B	4.57B	4.52B	4.61B	4.59B	4.59B
Intangible Assets	1.33B	1.2B	1.1B	1.09B	1.05B	954.92M	835.46M	744.51M	621.29M	539.87M
Long-Term Investments	213.27M	1.35B	1.4B	1.41B	1.37B	1.33B	1.28B	1.93B	2.68B	3.81B
Other Non-Current Assets	519.97M	551.44M	596.19M	652.12M	804.1M	958.93M	733.71M	642.93M	790.79M	1.06B
Total Assets+	17.29B	18.66B	20.15B	22.37B	27.23B	30.32B	36B	40.11B	48.59B	50.55B
Asset Turnover	0.40x	0.48x	0.54x	0.53x	0.51x	0.61x	0.59x	0.69x	0.58x	0.62x
Asset Growth %	30.47%	7.91%	8%	11.01%	21.72%	11.34%	18.74%	11.41%	21.14%	4.03%
Total Current Liabilities+	3.3B	3.25B	3.8B	4.64B	6.6B	12.33B	17.84B	16.34B	20.05B	24.25B
Accounts Payable	596.21M	859.01M	964.8M	1.05B	1.38B	2.12B	2.54B	2.36B	3.5B	0
Days Payables Outstanding	58.34	63.44	59.54	58.61	69.95	88.02	88.66	64.07	92.78	-
Short-Term Debt	248.93M	59.5M	46.34M	54.97M	61.82M	554.44M	787.26M	46.98M	1.08B	0
Deferred Revenue (Current)	0	1.57B	1.73B	2.5B	3.95B	7.96B	12.38B	11.48B	12.57B	0
Other Current Liabilities	2.25B	608.07M	865.82M	973.14M	1.1B	1.4B	1.81B	2.14B	2.62B	24.25B
Current Ratio	2.61x	2.80x	2.78x	2.58x	2.41x	1.48x	1.28x	1.50x	1.53x	1.26x
Quick Ratio	1.74x	1.84x	1.81x	1.73x	1.68x	1.03x	0.86x	0.91x	0.95x	0.79x
Cash Conversion Cycle	287.39	261.01	247.3	250.47	262.42	229.02	297.25	292.88	287.82	-
Total Non-Current Liabilities+	4.13B	4.35B	4.71B	5.28B	6.79B	7.82B	9.43B	10.27B	10.06B	6.69B
Long-Term Debt	3.09B	3.08B	3.03B	3.06B	4.65B	4.08B	3.49B	4.65B	3.68B	2.71B
Capital Lease Obligations	0	83.1M	93.78M	161.45M	137.73M	120.66M	150.25M	181.89M	237.4M	0
Deferred Tax Liabilities	398.85M	349.94M	251.41M	231.74M	238M	241.31M	264.8M	373.61M	299.19M	182.92M
Other Non-Current Liabilities	639.48M	203.44M	108.09M	86.21M	127.54M	133.49M	300.9M	220.83M	222.1M	432.02M
Total Liabilities	7.42B	7.6B	8.5B	9.92B	13.39B	20.15B	27.26B	26.61B	30.11B	30.94B
Total Debt+	3.34B	3.22B	3.17B	3.28B	4.85B	4.76B	4.42B	4.88B	4.99B	2.71B
Net Debt	414.69M	2.27B	2.39B	-212.17M	349.96M	-74.52M	-2.79B	-2.15B	-7.74B	-10.2B
Debt / Equity	0.34x	0.29x	0.27x	0.26x	0.35x	0.47x	0.51x	0.36x	0.27x	0.14x
Debt / EBITDA	1.58x	1.13x	0.94x	1.01x	1.07x	0.66x	0.62x	0.50x	0.50x	0.23x
Net Debt / EBITDA	0.20x	0.79x	0.71x	-0.07x	0.08x	-0.01x	-0.39x	-0.22x	-0.78x	-0.86x
Interest Coverage	43.90x	44.03x	68.68x	77.35x	100.55x	118.59x	109.48x	60.51x	56.20x	-
Total Equity+	9.87B	11.06B	11.65B	12.45B	13.85B	10.17B	8.74B	13.5B	18.48B	19.6B
Equity Growth %	18.02%	12.01%	5.38%	6.86%	11.23%	-26.56%	-14.08%	54.53%	36.83%	6.1%
Book Value per Share	23.08	25.62	27.32	29.53	33.04	24.78	21.96	34.26	46.94	50.41
Total Shareholders' Equity	9.87B	11.06B	11.65B	12.45B	13.85B	10.17B	8.74B	13.5B	18.48B	19.6B
Common Stock	39.59M	39.81M	38.63M	37.77M	37.55M	36.61M	36M	36.14M	35.4M	0
Retained Earnings	6.31B	7.5B	9.21B	9.42B	10.72B	8.34B	8.97B	12.43B	14.41B	0
Treasury Stock	-800.21M	-572.37M	-1.62B	-1.01B	-862.12M	-2.43B	-4.6B	-3.32B	-475.99M	0
Accumulated OCI	604.22M	258.02M	285.24M	274.65M	179.18M	334.49M	424.77M	346.31M	454.09M	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	1.76B	1.75B	3.17B	3.23B	4.31B	11.31B	8.29B	5.35B	11.66B	12.16B
Operating CF Margin %	25.54%	19.55%	29%	27.33%	30.81%	60.75%	39.15%	19.4%	41.27%	38.75%
Operating CF Growth %	-14.82%	-0.21%	81.12%	1.77%	33.32%	162.56%	-26.69%	-35.48%	118.12%	4.24%
Net Income	1.55B	1.99B	2.68B	2.56B	3.31B	6.13B	5.49B	7.7B	7.91B	9.23B
Depreciation & Amortization	373.49M	398.67M	432.88M	434.44M	442.19M	473.9M	625.73M	772.37M	1.03B	985.41M
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	-611.37K	-8.09M	-246.34M	-233.44M	-196.62M	-437.42M	-551.02M	-131.25M	-151.26M	173.57M
Other Non-Cash Items	142.51M	224.54M	371.73M	363.37M	259.06M	36.69M	336.84M	604.57M	730.48M	783.79M
Working Capital Changes	-310.89M	-854.49M	-61.35M	110.02M	494.67M	5.1B	2.38B	-3.6B	2.14B	985.99M
Change in Receivables	32.98M	-866.73M	-478.94M	-345.33M	-574.98M	-1.26B	-2.08B	855.97M	938.88M	0
Change in Inventory	-46.02M	-273.78M	-532.65M	-398.95M	-657.61M	-503.72M	-2.03B	-1.62B	-1.94B	0
Change in Payables	53.67M	256.92M	101.12M	-11.93M	311.08M	749.11M	396.71M	-257.1M	1.18B	0
Cash from Investing+	-3.36B	-1.18B	-507.66M	-1.14B	-1.26B	-75.06M	-1B	-2.64B	-2.73B	-3.63B
Capital Expenditures	-342.29M	-345M	-629.54M	-873.32M	-931.28M	-980.23M	-1.29B	-2.16B	-2.18B	-1.57B
CapEx % of Revenue	4.98%	3.85%	5.75%	7.39%	6.66%	5.27%	6.09%	7.83%	7.7%	4.99%
Acquisitions	-2.78B	0	0	0	-207.32M	342.97M	0	-33.01M	0	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-7.83M	963.67K	4.54M	887.22K	-11.35M	-129.68M	-234.39M	-551.62M	-549.66M	-426M
Cash from Financing+	2.07B	-1.17B	-1.78B	-1.69B	-700.69M	-10.31B	-6.97B	-2.95B	-2.96B	-8.33B
Debt Issued (Net)	2.35B	-466.8M	-2.89M	-3.75M	1.38B	-12.61M	-20.12M	240.69M	-3.34M	-300.17M
Equity Issued (Net)	1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Dividends Paid	-469.98M	-497.93M	-616.73M	-1.31B	-992.32M	-1.43B	-2.5B	-2.31B	-2.56B	-2.45B
Share Repurchases	-421.64M	-481.84M	-1.18B	-404.18M	-1.12B	-8.92B	-4.53B	-982.41M	-522.29M	-5.72B
Other Financing	929.71K	232.63M	0	0	0	0	0	0	0	0
Net Change in Cash	376.5M	-1.67B	-198.14M	2.71B	1.26B	-26.08M	2.11B	-17.58M	5.26B	1.69B
Free Cash Flow+	1.42B	1.43B	2.58B	2.47B	3.41B	10.37B	7.04B	3.23B	9.5B	10.65B
FCF Margin %	20.69%	15.91%	23.58%	20.93%	24.4%	55.71%	33.23%	11.72%	33.63%	33.93%
FCF Growth %	-15.48%	0.22%	81.03%	-4.13%	37.86%	203.94%	-32.13%	-54.1%	194.27%	12.02%
FCF per Share	3.33	3.30	6.05	5.87	8.14	25.26	17.68	8.20	24.15	27.38
FCF Conversion (FCF/Net Income)	1.13x	0.85x	1.22x	1.25x	1.21x	1.92x	1.47x	0.68x	1.54x	1.32x
Interest Paid	0	0	0	0	0	0	0	0	160M	0
Taxes Paid	0	0	0	0	0	0	0	0	1.1B	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	17.09%	19.75%	22.83%	21.51%	27.03%	48.99%	59.49%	70.49%	47.35%	48.48%
Return on Invested Capital (ROIC)	15.23%	15.5%	16.26%	15.93%	22.99%	41.68%	60.76%	78.39%	61.28%	80.87%
Gross Margin	45.75%	44.85%	45.95%	44.67%	48.63%	52.71%	50.54%	51.29%	51.28%	52.83%
Net Margin	22.66%	23.06%	23.68%	21.93%	25.42%	31.61%	26.56%	28.44%	26.79%	29.42%
Debt / Equity	0.34x	0.29x	0.27x	0.26x	0.35x	0.47x	0.51x	0.36x	0.27x	0.14x
Interest Coverage	43.90x	44.03x	68.68x	77.35x	100.55x	118.59x	109.48x	60.51x	56.20x	-
FCF Conversion	1.13x	0.85x	1.22x	1.25x	1.21x	1.92x	1.47x	0.68x	1.54x	1.32x
Revenue Growth	9.35%	30.36%	22.11%	8%	18.26%	33.14%	13.77%	30.16%	2.56%	11.02%

US Stock Screener

...

ASML Holding N.V. (ASML) 10-Year Financial Performance & Capital Metrics

ASML •

TechnologySemiconductorsSemiconductor Manufacturing Equipment

Revenue $31.38B +11.0%
EBITDA $11.84B +19.1%
Net Income $9.23B +21.9%
EPS (Diluted) 23.73 +23.3%
Gross Margin 52.83% +3.0%
EBITDA Margin 37.74% +7.3%
Operating Margin 34.6% +8.4%
Net Margin 29.42% +9.8%
ROE 48.48% +2.4%
ROIC 80.87% +32.0%
Debt/Equity 0.14 -48.9%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 55.4%
✓Strong 5Y profit CAGR of 21.0%
✓Strong Piotroski F-Score: 8/9
✓FCF machine: 33.9% free cash flow margin
✓Momentum leader: RS Rating 91 (top 9%)
✓High quality earnings: Operating CF exceeds net income

✗Weaknesses

✗Expensive at 24.4x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y17.44%

5Y17.55%

3Y14.01%

TTM11.02%

Profit (Net Income) CAGR

10Y20.87%

5Y21.03%

3Y17.95%

TTM21.9%

EPS CAGR

10Y21.96%

5Y24.64%

3Y19.8%

TTM22.32%

ROCE

10Y Avg27.54%

5Y Avg37.63%

3Y Avg39.07%

Latest39.6%

Peer Comparison

Semiconductor Manufacturing Equipment

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LRCXLam Research Corporation	292.64B	233.89	56.36	23.68%	30.22%	61.24%	1.85%	0.48
ASMLASML Holding N.V.	563.03B	1450.56	51.82	11.02%	29.42%	47.08%	2.23%	0.14
VECOVeeco Instruments Inc.	1.85B	30.56	51.80	-7.39%	5.33%	4%	2.48%	0.29
AMATApplied Materials, Inc.	295.23B	372.30	42.99	4.39%	24.67%	34.28%	1.93%	0.32
ACMRACM Research, Inc.	3.33B	55.68	36.39	40.23%	13.3%	6.21%	2.1%	0.17
ACLSAxcelis Technologies, Inc.	2.68B	82.61	21.74	-17.57%	14.33%	11.62%	4%	0.04
ASYSAmtech Systems, Inc.	187.79M	13.05	-6.16	-21.59%	-41.28%	-56.44%	3.69%	0.37

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Sales/Revenue+	6.88B	8.96B	10.94B	11.82B	13.98B	18.61B	21.17B	27.56B	28.26B	31.38B
Revenue Growth %	9.35%	30.36%	22.11%	8%	18.26%	33.14%	13.77%	30.16%	2.56%	11.02%
Cost of Goods Sold+	3.73B	4.94B	5.91B	6.54B	7.18B	8.8B	10.47B	13.42B	13.77B	14.8B
COGS % of Revenue	54.25%	55.15%	54.05%	55.33%	51.37%	47.29%	49.46%	48.71%	48.72%	47.17%
Gross Profit+	3.15B	4.02B	5.03B	5.28B	6.8B	9.81B	10.7B	14.14B	14.49B	16.58B
Gross Margin %	45.75%	44.85%	45.95%	44.67%	48.63%	52.71%	50.54%	51.29%	51.28%	52.83%
Gross Profit Growth %	8.62%	27.82%	25.1%	4.98%	28.74%	44.31%	9.08%	32.11%	2.52%	14.39%
Operating Expenses+	1.39B	1.58B	2.06B	2.49B	2.75B	3.06B	4.2B	5.09B	5.47B	5.72B
OpEx % of Revenue	20.17%	17.63%	18.86%	21.06%	19.64%	16.44%	19.83%	18.48%	19.35%	18.23%
Selling, General & Admin	374.8M	416.6M	488M	520.5M	544.9M	725.6M	945.9M	1.11B	1.17B	1.21B
SG&A % of Revenue	5.45%	4.65%	4.46%	4.4%	3.9%	3.9%	4.47%	4.04%	4.12%	3.85%
Research & Development	1.11B	1.26B	1.58B	1.97B	2.2B	2.55B	3.25B	3.98B	4.3B	4.51B
R&D % of Revenue	16.08%	14.05%	14.4%	16.65%	15.74%	13.69%	15.37%	14.44%	15.23%	14.38%
Other Operating Expenses	-93.8M	-95.8M	0	0	0	-213.7M	0	0	0	0
Operating Income+	1.76B	2.44B	2.97B	2.79B	4.05B	6.75B	6.5B	9.04B	9.02B	10.86B
Operating Margin %	25.58%	27.22%	27.1%	23.61%	28.98%	36.27%	30.7%	32.81%	31.92%	34.6%
Operating Income Growth %	12.36%	38.74%	21.54%	-5.88%	45.17%	66.61%	-3.69%	39.1%	-0.22%	20.31%
EBITDA+	2.12B	2.86B	3.39B	3.24B	4.54B	7.22B	7.08B	9.78B	9.94B	11.84B
EBITDA Margin %	30.77%	31.88%	30.96%	27.41%	32.49%	38.8%	33.46%	35.5%	35.17%	37.74%
EBITDA Growth %	13.61%	35.07%	18.58%	-4.39%	40.22%	58.97%	-1.89%	38.08%	1.63%	19.11%
D&A (Non-Cash Add-back)	356.9M	417.5M	422.7M	448.5M	490.8M	471M	583.6M	739.8M	918.6M	985.41M
EBIT	1.66B	2.34B	2.97B	2.8B	4.06B	6.76B	6.52B	9.24B	9.21B	10.96B
Net Interest Income+	-22.72M	-48.47M	-29.23M	-24.64M	-32.48M	-46.49M	-43.56M	41.06M	29.98M	100.57M
Interest Income	17.33M	6.94M	13.94M	11.44M	7.82M	10.42M	15.82M	190.49M	190.53M	100.57M
Interest Expense	40.06M	55.41M	43.17M	36.08M	40.29M	56.92M	59.38M	149.42M	160.55M	0
Other Income/Expense	33.7M	-67M	-22.1M	-6.8M	53.7M	154.5M	93.4M	232.5M	229.6M	308.72M
Pretax Income+	1.79B	2.37B	2.94B	2.78B	4.11B	6.9B	6.59B	9.27B	9.25B	11.16B
Pretax Margin %	26.07%	26.47%	26.89%	23.55%	29.37%	37.1%	31.14%	33.66%	32.74%	35.58%
Income Tax+	234.4M	306M	351.6M	191.7M	551.5M	1.02B	969.9M	1.44B	1.68B	1.93B
Effective Tax Rate %	86.92%	87.1%	88.05%	93.11%	86.57%	85.21%	85.29%	84.52%	81.84%	82.68%
Net Income+	1.56B	2.07B	2.59B	2.59B	3.55B	5.88B	5.62B	7.84B	7.57B	9.23B
Net Margin %	22.66%	23.06%	23.68%	21.93%	25.42%	31.61%	26.56%	28.44%	26.79%	29.42%
Net Income Growth %	12.3%	32.67%	25.4%	0.03%	37.09%	65.55%	-4.4%	39.38%	-3.41%	21.9%
Net Income (Continuing)	1.56B	2.07B	2.59B	2.59B	3.55B	5.88B	5.62B	7.84B	7.57B	9.23B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	3.63	4.61	6.28	6.06	7.89	14.94	13.80	19.54	19.24	23.73
EPS Growth %	11.35%	27%	36.23%	-3.5%	30.2%	89.35%	-7.63%	41.59%	-1.54%	23.34%
EPS (Basic)	3.65	4.63	6.30	6.07	7.91	14.97	13.81	19.56	19.25	23.76
Diluted Shares Outstanding	427.68M	431.6M	426.4M	421.6M	419.1M	410.4M	398M	394.1M	393.6M	388.9M
Basic Shares Outstanding	425.6M	429.8M	424.9M	420.8M	418.3M	409.8M	397.7M	393.8M	393.3M	388.5M
Dividend Payout Ratio	30.17%	24.09%	23.8%	50.41%	27.92%	24.25%	44.45%	29.43%	33.84%	26.54%

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Current Assets+	8.6B	9.12B	10.54B	11.99B	15.91B	18.24B	22.87B	24.49B	30.74B	30.6B
Cash & Short-Term Investments	4.08B	3.37B	4.04B	4.66B	7.34B	7.61B	7.32B	7.04B	12.74B	13.32B
Cash Only	2.92B	953.7M	779.15M	3.49B	4.5B	4.83B	7.21B	7.03B	12.74B	12.91B
Short-Term Investments	1.16B	2.42B	3.26B	1.17B	2.84B	2.78B	106.81M	5.42M	5.4M	405.73M
Accounts Receivable	1.23B	2.26B	2.4B	2.82B	3.33B	4.57B	6.99B	7.28B	5.44B	4.16B
Days Sales Outstanding	65.14	92.09	80.14	87.03	86.92	89.64	120.48	96.48	70.3	48.44
Inventory	2.87B	3.15B	3.67B	3.98B	4.83B	5.48B	7.62B	9.58B	11.71B	11.42B
Days Inventory Outstanding	280.59	232.36	226.7	222.05	245.45	227.41	265.43	260.48	310.3	281.73
Other Current Assets	236.17M	131.42M	126M	163.72M	131.44M	201.6M	281.36M	112.73M	289.89M	1.7B
Total Non-Current Assets+	8.69B	9.54B	9.61B	10.38B	11.32B	12.08B	13.13B	15.62B	17.85B	19.94B
Property, Plant & Equipment	1.7B	1.76B	1.73B	2.3B	2.81B	3.16B	4.1B	5.82B	7.23B	8.23B
Fixed Asset Turnover	4.05x	5.10x	6.33x	5.15x	4.97x	5.90x	5.16x	4.73x	3.91x	3.81x
Goodwill	4.9B	4.66B	4.54B	4.49B	4.62B	4.57B	4.52B	4.61B	4.59B	4.59B
Intangible Assets	1.33B	1.2B	1.1B	1.09B	1.05B	954.92M	835.46M	744.51M	621.29M	539.87M
Long-Term Investments	213.27M	1.35B	1.4B	1.41B	1.37B	1.33B	1.28B	1.93B	2.68B	3.81B
Other Non-Current Assets	519.97M	551.44M	596.19M	652.12M	804.1M	958.93M	733.71M	642.93M	790.79M	1.06B
Total Assets+	17.29B	18.66B	20.15B	22.37B	27.23B	30.32B	36B	40.11B	48.59B	50.55B
Asset Turnover	0.40x	0.48x	0.54x	0.53x	0.51x	0.61x	0.59x	0.69x	0.58x	0.62x
Asset Growth %	30.47%	7.91%	8%	11.01%	21.72%	11.34%	18.74%	11.41%	21.14%	4.03%
Total Current Liabilities+	3.3B	3.25B	3.8B	4.64B	6.6B	12.33B	17.84B	16.34B	20.05B	24.25B
Accounts Payable	596.21M	859.01M	964.8M	1.05B	1.38B	2.12B	2.54B	2.36B	3.5B	0
Days Payables Outstanding	58.34	63.44	59.54	58.61	69.95	88.02	88.66	64.07	92.78	-
Short-Term Debt	248.93M	59.5M	46.34M	54.97M	61.82M	554.44M	787.26M	46.98M	1.08B	0
Deferred Revenue (Current)	0	1.57B	1.73B	2.5B	3.95B	7.96B	12.38B	11.48B	12.57B	0
Other Current Liabilities	2.25B	608.07M	865.82M	973.14M	1.1B	1.4B	1.81B	2.14B	2.62B	24.25B
Current Ratio	2.61x	2.80x	2.78x	2.58x	2.41x	1.48x	1.28x	1.50x	1.53x	1.26x
Quick Ratio	1.74x	1.84x	1.81x	1.73x	1.68x	1.03x	0.86x	0.91x	0.95x	0.79x
Cash Conversion Cycle	287.39	261.01	247.3	250.47	262.42	229.02	297.25	292.88	287.82	-
Total Non-Current Liabilities+	4.13B	4.35B	4.71B	5.28B	6.79B	7.82B	9.43B	10.27B	10.06B	6.69B
Long-Term Debt	3.09B	3.08B	3.03B	3.06B	4.65B	4.08B	3.49B	4.65B	3.68B	2.71B
Capital Lease Obligations	0	83.1M	93.78M	161.45M	137.73M	120.66M	150.25M	181.89M	237.4M	0
Deferred Tax Liabilities	398.85M	349.94M	251.41M	231.74M	238M	241.31M	264.8M	373.61M	299.19M	182.92M
Other Non-Current Liabilities	639.48M	203.44M	108.09M	86.21M	127.54M	133.49M	300.9M	220.83M	222.1M	432.02M
Total Liabilities	7.42B	7.6B	8.5B	9.92B	13.39B	20.15B	27.26B	26.61B	30.11B	30.94B
Total Debt+	3.34B	3.22B	3.17B	3.28B	4.85B	4.76B	4.42B	4.88B	4.99B	2.71B
Net Debt	414.69M	2.27B	2.39B	-212.17M	349.96M	-74.52M	-2.79B	-2.15B	-7.74B	-10.2B
Debt / Equity	0.34x	0.29x	0.27x	0.26x	0.35x	0.47x	0.51x	0.36x	0.27x	0.14x
Debt / EBITDA	1.58x	1.13x	0.94x	1.01x	1.07x	0.66x	0.62x	0.50x	0.50x	0.23x
Net Debt / EBITDA	0.20x	0.79x	0.71x	-0.07x	0.08x	-0.01x	-0.39x	-0.22x	-0.78x	-0.86x
Interest Coverage	43.90x	44.03x	68.68x	77.35x	100.55x	118.59x	109.48x	60.51x	56.20x	-
Total Equity+	9.87B	11.06B	11.65B	12.45B	13.85B	10.17B	8.74B	13.5B	18.48B	19.6B
Equity Growth %	18.02%	12.01%	5.38%	6.86%	11.23%	-26.56%	-14.08%	54.53%	36.83%	6.1%
Book Value per Share	23.08	25.62	27.32	29.53	33.04	24.78	21.96	34.26	46.94	50.41
Total Shareholders' Equity	9.87B	11.06B	11.65B	12.45B	13.85B	10.17B	8.74B	13.5B	18.48B	19.6B
Common Stock	39.59M	39.81M	38.63M	37.77M	37.55M	36.61M	36M	36.14M	35.4M	0
Retained Earnings	6.31B	7.5B	9.21B	9.42B	10.72B	8.34B	8.97B	12.43B	14.41B	0
Treasury Stock	-800.21M	-572.37M	-1.62B	-1.01B	-862.12M	-2.43B	-4.6B	-3.32B	-475.99M	0
Accumulated OCI	604.22M	258.02M	285.24M	274.65M	179.18M	334.49M	424.77M	346.31M	454.09M	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	1.76B	1.75B	3.17B	3.23B	4.31B	11.31B	8.29B	5.35B	11.66B	12.16B
Operating CF Margin %	25.54%	19.55%	29%	27.33%	30.81%	60.75%	39.15%	19.4%	41.27%	38.75%
Operating CF Growth %	-14.82%	-0.21%	81.12%	1.77%	33.32%	162.56%	-26.69%	-35.48%	118.12%	4.24%
Net Income	1.55B	1.99B	2.68B	2.56B	3.31B	6.13B	5.49B	7.7B	7.91B	9.23B
Depreciation & Amortization	373.49M	398.67M	432.88M	434.44M	442.19M	473.9M	625.73M	772.37M	1.03B	985.41M
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	-611.37K	-8.09M	-246.34M	-233.44M	-196.62M	-437.42M	-551.02M	-131.25M	-151.26M	173.57M
Other Non-Cash Items	142.51M	224.54M	371.73M	363.37M	259.06M	36.69M	336.84M	604.57M	730.48M	783.79M
Working Capital Changes	-310.89M	-854.49M	-61.35M	110.02M	494.67M	5.1B	2.38B	-3.6B	2.14B	985.99M
Change in Receivables	32.98M	-866.73M	-478.94M	-345.33M	-574.98M	-1.26B	-2.08B	855.97M	938.88M	0
Change in Inventory	-46.02M	-273.78M	-532.65M	-398.95M	-657.61M	-503.72M	-2.03B	-1.62B	-1.94B	0
Change in Payables	53.67M	256.92M	101.12M	-11.93M	311.08M	749.11M	396.71M	-257.1M	1.18B	0
Cash from Investing+	-3.36B	-1.18B	-507.66M	-1.14B	-1.26B	-75.06M	-1B	-2.64B	-2.73B	-3.63B
Capital Expenditures	-342.29M	-345M	-629.54M	-873.32M	-931.28M	-980.23M	-1.29B	-2.16B	-2.18B	-1.57B
CapEx % of Revenue	4.98%	3.85%	5.75%	7.39%	6.66%	5.27%	6.09%	7.83%	7.7%	4.99%
Acquisitions	-2.78B	0	0	0	-207.32M	342.97M	0	-33.01M	0	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-7.83M	963.67K	4.54M	887.22K	-11.35M	-129.68M	-234.39M	-551.62M	-549.66M	-426M
Cash from Financing+	2.07B	-1.17B	-1.78B	-1.69B	-700.69M	-10.31B	-6.97B	-2.95B	-2.96B	-8.33B
Debt Issued (Net)	2.35B	-466.8M	-2.89M	-3.75M	1.38B	-12.61M	-20.12M	240.69M	-3.34M	-300.17M
Equity Issued (Net)	1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Dividends Paid	-469.98M	-497.93M	-616.73M	-1.31B	-992.32M	-1.43B	-2.5B	-2.31B	-2.56B	-2.45B
Share Repurchases	-421.64M	-481.84M	-1.18B	-404.18M	-1.12B	-8.92B	-4.53B	-982.41M	-522.29M	-5.72B
Other Financing	929.71K	232.63M	0	0	0	0	0	0	0	0
Net Change in Cash	376.5M	-1.67B	-198.14M	2.71B	1.26B	-26.08M	2.11B	-17.58M	5.26B	1.69B
Free Cash Flow+	1.42B	1.43B	2.58B	2.47B	3.41B	10.37B	7.04B	3.23B	9.5B	10.65B
FCF Margin %	20.69%	15.91%	23.58%	20.93%	24.4%	55.71%	33.23%	11.72%	33.63%	33.93%
FCF Growth %	-15.48%	0.22%	81.03%	-4.13%	37.86%	203.94%	-32.13%	-54.1%	194.27%	12.02%
FCF per Share	3.33	3.30	6.05	5.87	8.14	25.26	17.68	8.20	24.15	27.38
FCF Conversion (FCF/Net Income)	1.13x	0.85x	1.22x	1.25x	1.21x	1.92x	1.47x	0.68x	1.54x	1.32x
Interest Paid	0	0	0	0	0	0	0	0	160M	0
Taxes Paid	0	0	0	0	0	0	0	0	1.1B	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	17.09%	19.75%	22.83%	21.51%	27.03%	48.99%	59.49%	70.49%	47.35%	48.48%
Return on Invested Capital (ROIC)	15.23%	15.5%	16.26%	15.93%	22.99%	41.68%	60.76%	78.39%	61.28%	80.87%
Gross Margin	45.75%	44.85%	45.95%	44.67%	48.63%	52.71%	50.54%	51.29%	51.28%	52.83%
Net Margin	22.66%	23.06%	23.68%	21.93%	25.42%	31.61%	26.56%	28.44%	26.79%	29.42%
Debt / Equity	0.34x	0.29x	0.27x	0.26x	0.35x	0.47x	0.51x	0.36x	0.27x	0.14x
Interest Coverage	43.90x	44.03x	68.68x	77.35x	100.55x	118.59x	109.48x	60.51x	56.20x	-
FCF Conversion	1.13x	0.85x	1.22x	1.25x	1.21x	1.92x	1.47x	0.68x	1.54x	1.32x
Revenue Growth	9.35%	30.36%	22.11%	8%	18.26%	33.14%	13.77%	30.16%	2.56%	11.02%

ASML Holding N.V. (ASML) 10-Year Financial Performance & Capital Metrics

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Growth Metrics

Revenue CAGR

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Dividend History

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Revenue History

Financial Ratios

ASML Holding N.V. (ASML) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare ASML vs Peers

vs AMAT

vs LRCX

Compare Top 5

Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios