AMAT Financials Applied Materials

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 29 h ago Overview →

Growth & profitability

Revenue has grown 10.5% per year over the past 5 years.
Net income has grown faster than revenue (14.1% vs 10.5% per year).
Operating margin has expanded, at 29.2% in the latest year.
Free cash flow has grown 11.0% per year over the past 5 years.

Financial health

The company holds more cash ($7.2B) than total debt ($6.6B).
Total debt has grown slower than revenue (3.8% vs 10.5% per year).
Operating income covered interest expense 31× in the latest year.
Total debt is 0.8× EBITDA.

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 19.8% of earnings and 24.3% of free cash flow.
The dividend has grown 12.0% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
2025	$28.4B	$7.0B	48.7%	29.2%	$5.7B	$6.6B	$7.2B
2024	$27.2B	$7.2B	47.5%	28.9%	$7.5B	$7.0B	$8.0B
2023	$26.5B	$6.9B	46.7%	28.9%	$7.6B	$5.6B	$6.1B
2022	$25.8B	$6.5B	46.5%	30.2%	$4.6B	$5.5B	$2.0B
2021	$23.1B	$5.9B	47.3%	29.9%	$4.8B	$5.5B	$5.0B
2020	$17.2B	$3.6B	44.7%	25.4%	$3.4B	$5.4B	$5.4B
2019	$14.6B	$2.7B	43.7%	22.9%	$2.8B	$5.3B	$3.1B
2018	$16.7B	$3.0B	45.0%	26.9%	$3.2B	$5.3B	$3.4B
2017	—	$3.5B	—	—	$3.4B	$5.3B	$5.0B
2016	—	$1.7B	—	—	$2.3B	$3.3B	$3.4B
2015	—	$1.4B	—	—	$948M	$4.5B	$4.8B
2014	—	$1.1B	—	—	$1.6B	$1.9B	$3.0B
2013	—	$256M	—	—	$426M	$1.9B	$1.7B
2012	—	$109M	—	—	$1.7B	$1.9B	$1.4B
2011	—	$1.9B	—	—	$2.2B	$1.9B	$6.0B

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
Apr '26	$7.9B	$2.8B	49.9%	31.9%	$210M	$7.7B	$6.3B
Jan '26	$7.0B	$2.0B	49.0%	26.1%	$1.0B	$6.6B	$7.2B
Oct '25	$6.8B	$1.9B	48.0%	25.2%	$2.0B	$6.6B	$7.2B
Jul '25	$7.3B	$1.8B	48.8%	30.6%	$2.0B	$7.0B	$5.4B
Apr '25	$7.1B	$2.1B	49.1%	30.5%	$1.1B	$7.0B	$6.2B
Jan '25	$7.2B	$1.2B	48.8%	30.4%	$544M	$7.0B	$6.3B
Oct '24	$7.0B	$1.7B	47.3%	29.0%	$2.2B	$7.0B	$8.0B
Jul '24	$6.8B	$1.7B	47.3%	28.7%	$2.1B	$6.3B	$8.3B
Apr '24	$6.6B	$1.7B	47.4%	28.8%	$1.1B	$5.6B	$7.1B
Jan '24	$6.7B	$2.0B	47.8%	29.3%	$2.1B	$5.6B	$6.9B
Oct '23	$6.7B	$2.0B	47.1%	29.3%	$1.2B	$5.6B	$6.1B
Jul '23	$6.4B	$1.6B	46.3%	28.0%	$2.3B	$5.7B	$6.0B
Apr '23	$6.6B	$1.6B	46.7%	28.8%	$2.0B	$5.7B	$4.6B
Jan '23	$6.7B	$1.7B	46.7%	29.2%	$2.0B	$5.7B	$3.5B
Oct '22	$6.7B	$1.6B	45.9%	29.5%	$634M	$5.5B	$2.0B
Jul '22	$6.5B	$1.6B	46.1%	29.5%	$1.3B	$5.5B	$3.0B
May '22	$6.2B	$1.5B	46.9%	30.3%	$205M	$5.5B	$3.3B
Jan '22	$6.3B	$1.8B	47.2%	31.5%	$2.5B	$5.5B	$5.3B
Oct '21	$6.1B	$1.7B	48.1%	32.9%	$942M	$5.5B	$5.0B
Aug '21	$6.2B	$1.7B	47.9%	32.5%	$1.5B	$5.5B	$6.1B

Valuation over time

How the market has priced AMAT against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 14.9× (Mar '23) to 75.8× (Jun '26).
The price-to-sales ratio has risen from 3.8× (Mar '23) to 18.7× (Jun '26).
The dividend yield has fallen from 0.9% (Mar '23) to 0.3% (Jun '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is AMAT growing its revenue and profit?

Over the past 5 years, Applied Materials's revenue has grown 10.5% per year, and net income grown 14.1% per year. These are computed facts, not advice.

How much debt does AMAT have?

As of FY2025, Applied Materials reported $6.6B of total debt against $7.2B of cash; operating income covered interest expense 31×.

What is AMAT's profit margin?

In FY2025, gross margin was 48.7%, operating margin 29.2%, and net margin 24.7%.

What is AMAT's P/E ratio?

As of Jun '26, Applied Materials traded at a price-to-earnings ratio of about 75.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.