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 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
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
$32.7B
$9.6B
52.8%
34.6%
$11.1B
$4.4B
$12.9B
2024
$28.3B
$7.6B
51.3%
31.9%
$9.1B
$4.7B
$12.7B
2023
$27.6B
$7.8B
51.3%
32.8%
$3.3B
$4.6B
$7.0B
2022
$21.2B
$5.6B
50.5%
30.7%
$7.2B
$4.3B
$7.3B
2021
$18.6B
$5.9B
52.7%
36.3%
$9.9B
$4.6B
$7.0B
2020
$14.0B
$3.6B
48.6%
29.0%
$3.7B
$4.7B
$6.0B
2019
$11.8B
$2.6B
44.7%
23.6%
$2.5B
$3.1B
$3.5B
2018
$10.9B
$2.6B
46.0%
27.1%
$2.5B
$3.0B
$3.1B
2017
$9.0B
$2.1B
44.9%
27.2%
$1.5B
$3.0B
$2.3B
2016
$6.9B
$1.6B
45.7%
25.6%
—
$3.3B
$2.9B
2015
—
$1.4B
—
—
—
$1.0B
$2.5B
2014
—
$1.2B
—
—
—
$1.0B
$2.4B
2013
—
$1.0B
—
—
$843M
$1.0B
$2.3B
2012
—
$1.1B
—
—
$532M
$759M
$1.8B
2011
—
$1.5B
—
—
$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 47.1× (Mar '23) to 74.6× (Jun '26).
The price-to-sales ratio has risen from 12.5× (Mar '23) to 21.9× (Jun '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?
As of Jun '26, ASML Holding traded at a price-to-earnings ratio of about 74.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S 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.