MKSI Financials MKS Instruments

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 Aug 9, 2026, 10:19 UTC Overview →

Growth & profitability

Revenue has grown 11.0% per year over the past 5 years.
Net income has grown slower than revenue (-3.4% vs 11.0% per year).
Operating margin has contracted, at 13.4% in the latest year.
Free cash flow has grown 3.0% per year over the past 5 years.

Financial health

Total debt ($4.2B) exceeds cash ($418M); net debt is $3.8B.
Total debt has grown faster than revenue (38.3% vs 11.0% per year).
Operating income covered interest expense 2.5× in the latest year, down from 16× 5 years ago.
Total debt is 4.8× EBITDA.

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 20.0% of earnings and 11.9% of free cash flow.
The dividend has grown 6.0% per year over the past 5 years.

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	$3.9B	$295M	46.7%	13.4%	10.8%	3.4%	$497M	$4.2B	$418M
2024	$3.6B	$190M	47.6%	13.9%	8.2%	2.2%	$410M	$4.5B	$420M
2023	$3.6B	-$1.8B	45.3%	-42.9%	-74.5%	-20.2%	$232M	$4.8B	$507M
2022	$3.5B	$333M	43.6%	17.4%	7.4%	2.9%	$365M	$4.9B	—
2021	$3.0B	$551M	46.8%	23.7%	19.1%	12.1%	$553M	$817M	—
2020	$2.3B	$350M	45.0%	19.5%	14.8%	9.0%	$428M	$830M	—
2019	$1.9B	$140M	43.7%	11.6%	6.9%	4.1%	$181M	$884M	—
2018	$2.1B	$393M	47.2%	23.8%	21.0%	15.0%	$351M	$348M	$644M
2017	$1.9B	$339M	46.5%	21.2%	21.3%	14.0%	$324M	$393M	$334M
2016	$1.3B	$105M	43.7%	12.1%	8.4%	4.7%	$161M	$612M	$229M
2015	—	$122M	—	—	10.5%	9.6%	—	—	$228M
2014	—	$116M	—	—	10.7%	9.5%	—	—	$305M
2013	—	$36M	—	—	3.5%	2.9%	$64M	—	$289M
2012	—	$48M	—	—	4.7%	4.2%	$119M	—	$288M
2011	—	$130M	—	—	13.1%	11.4%	$140M	—	$313M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
Jun '26	$1.2B	$175M	47.7%	20.1%	5.9%	2.0%	$189M	$3.9B	$454M
Mar '26	$1.1B	$84M	47.0%	13.8%	3.0%	1.0%	$28M	$4.0B	$463M
Dec '25	$1.0B	$107M	46.4%	13.8%	3.9%	1.2%	$92M	$4.2B	$418M
Sep '25	$988M	$74M	46.7%	14.0%	2.8%	0.8%	$146M	$4.3B	$413M
Jun '25	$973M	$62M	46.6%	13.9%	2.4%	0.7%	$136M	$4.4B	$498M
Mar '25	$936M	$52M	47.4%	11.9%	2.2%	0.6%	$123M	$4.5B	$407M
Dec '24	$934M	$91M	47.2%	14.6%	3.9%	1.1%	$125M	$4.5B	$420M
Sep '24	$896M	$62M	48.2%	14.3%	2.6%	0.7%	$141M	$4.8B	$439M
Jun '24	$887M	$23M	47.2%	14.3%	1.0%	0.3%	$95M	$4.9B	$505M
Mar '24	$868M	$15M	47.8%	12.2%	0.6%	0.2%	$49M	$4.7B	—
Dec '23	$892M	-$69M	46.1%	2.7%	-2.8%	-0.8%	$147M	$4.8B	$507M
Sep '23	$932M	$39M	45.7%	12.7%	1.6%	0.4%	$142M	$4.9B	—
Jun '23	$1.0B	-$1.8B	46.9%	-169.1%	-70.9%	-19.2%	-$77M	$4.9B	—
Mar '23	$794M	-$42M	42.2%	0.1%	-0.9%	-0.4%	$20M	$4.9B	—
Dec '22	$1.1B	$54M	44.7%	15.0%	1.2%	0.5%	$129M	$4.9B	—
Sep '22	$954M	$6M	40.9%	12.4%	0.1%	0.1%	$173M	$5.0B	—
Jun '22	$765M	$130M	44.2%	21.4%	4.2%	2.7%	$41M	$815M	—
Mar '22	$742M	$143M	45.0%	23.2%	4.7%	3.1%	$22M	$818M	—
Dec '21	$764M	$150M	46.3%	23.8%	5.2%	3.3%	$171M	$817M	—
Sep '21	$742M	$132M	46.9%	23.6%	4.8%	3.0%	$133M	$819M	—

Valuation over time

How the market has priced MKSI 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 18.0× (Mar '23) to 45.0× (Nov '26).
The price-to-sales ratio has risen from 1.7× (Mar '23) to 3.4× (Nov '26).
The dividend yield has fallen from 0.9% (Mar '23) to 0.4% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is MKSI growing its revenue and profit?

Over the past 5 years, MKS Instruments's revenue has grown 11.0% per year, and net income declined 3.4% per year. These are computed facts, not advice.

How much debt does MKSI have?

As of FY2025, MKS Instruments reported $4.2B of total debt against $418M of cash; operating income covered interest expense 2.5×.

What is MKSI's profit margin?

In FY2025, gross margin was 46.7%, operating margin 13.4%, and net margin 7.5%.

What is MKSI's P/E ratio?

MKS Instruments's P/E (TTM) is 30.19 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 MKSI stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 45.0× 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 — 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), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.