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 41 d ago 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 57.2× (Sep '26).
The price-to-sales ratio has risen from 1.7× (Mar '23) to 4.3× (Sep '26).
The dividend yield has fallen from 0.9% (Mar '23) to 0.3% (Sep '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?

As of Sep '26, MKS Instruments traded at a price-to-earnings ratio of about 57.2× (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.