ASML Financials ASML Holding

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings, in EUR as reported — with a computed, factual read of the trend. Updated Oct 16, 2026, 09:45 UTC Overview →

Growth & profitability

Revenue has grown 18.5% per year over the past 5 years.
Net income has grown faster than revenue (22.0% vs 18.5% per year).
Operating margin has expanded, at 34.6% in the latest year.
Free cash flow has grown 24.8% per year over the past 5 years.

Financial health

The company holds more cash (€12.9B) than total debt (€4.4B).
Total debt has grown slower than revenue (-1.3% vs 18.5% per year).
Operating income covered interest expense 96× in the latest year.
Total debt is 0.4× EBITDA.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
2025	€32.7B	€9.6B	52.8%	34.6%	49.0%	19.0%	€11.1B	€4.4B	€12.9B
2024	€28.3B	€7.6B	51.3%	31.9%	41.0%	15.6%	€9.1B	€4.7B	€12.7B
2023	€27.6B	€7.8B	51.3%	32.8%	58.3%	19.6%	€3.3B	€4.6B	€7.0B
2022	€21.2B	€5.6B	50.5%	30.7%	63.8%	15.5%	€7.2B	€4.3B	€7.3B
2021	€18.6B	€5.9B	52.7%	36.3%	58.0%	19.5%	€9.9B	€4.6B	€7.0B
2020	€14.0B	€3.6B	48.6%	29.0%	25.6%	13.0%	€3.7B	€4.7B	€6.0B
2019	€11.8B	€2.6B	44.7%	23.6%	20.6%	11.5%	€2.5B	€3.1B	€3.5B
2018	€10.9B	€2.6B	46.0%	27.1%	22.3%	12.9%	€2.5B	€3.0B	€3.1B
2017	€9.0B	€2.1B	44.9%	27.2%	19.3%	11.4%	€1.5B	€3.0B	€2.3B
2016	€6.9B	€1.6B	45.7%	25.6%	15.6%	9.1%	—	€3.3B	€2.9B
2015	—	€1.4B	—	—	16.4%	10.4%	—	€1.0B	€2.5B
2014	—	€1.2B	—	—	15.9%	9.8%	—	€1.0B	€2.4B
2013	—	€1.0B	—	—	14.7%	8.8%	€843M	€1.0B	€2.3B
2012	—	€1.1B	—	—	28.2%	15.5%	€532M	€759M	€1.8B
2011	—	€1.5B	—	—	42.6%	20.2%	€1.8B	€736M	€2.7B

Valuation over time

How the market has priced ASML 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 42.9× (Mar '23) to 55.1× (Nov '26).
The price-to-sales ratio has risen from 11.4× (Mar '23) to 16.2× (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Frequently asked questions

Is ASML growing its revenue and profit?

Over the past 5 years, ASML Holding's revenue has grown 18.5% per year, and net income grown 22.0% per year. These are computed facts, not advice.

How much debt does ASML have?

As of FY2025, ASML Holding reported €4.4B of total debt against €12.9B of cash; operating income covered interest expense 96×.

What is ASML's profit margin?

In FY2025, gross margin was 52.8%, operating margin 34.6%, and net margin 29.4%.

What is ASML's P/E ratio?

ASML Holding's P/E (TTM) is 55.05 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the ASML stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 55.1× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — its annual and interim reports, in EUR as reported (valuation multiples convert at the Federal Reserve H.10 rate of each date, via FRED) (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 (annual and interim filings, reported in EUR) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · FX: Federal Reserve H.10 via FRED (DEXUSEU; 1 EUR = 1.1163 USD on 2026-10-30), the rate of each date for the valuation history · This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis. · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.