MKSINasdaqIndustrial Instruments For Measurement, Display, and ControlFiscal year ends December 31
MKS INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$215.41+0.58 (+0.27%)
Close on Oct 19, 2026
- Market cap
- $15.66B
- P/E (TTM)
- 34.4
- Dividend yield
- 0.41%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
46.7%+1.7 pts over 5 years
Operating margin
13.4%−6.1 pts over 5 years
Net margin
7.5%−7.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +9.6% | +3.5% | +11.0% | +17.1% | |
| Gross profit | +7.6% | +5.9% | +11.9% | +17.6% | |
| Operating income | +6.0% | -5.1% | +3.1% | +12.9% | |
| Net income | +55.3% | -4.0% | -3.4% | +9.2% | |
| EPS, diluted | +55.5% | -7.7% | -7.1% | +6.7% | |
| Free cash flow | +21.2% | +10.8% | +3.0% | +14.7% | |
| Dividend per share | 0.0% | 0.0% | +1.9% | +2.6% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 8.7% | 16.0% | 11.7% | |
| Return on assets | 6.0% | 9.6% | 3.4% | |
| Current ratio | 4.21 | 4.83 | 2.71 | |
| Debt to equity | – | – | – | |
| Net debt to EBITDA | – | – | – | |
| Interest coverage | 5.1× | 15.7× | 2.5× | |
| Inventory turnover | 3.4× | 2.7× | 2.3× | |
| Capex to revenue | 1.5% | 3.6% | 3.8% | |
| Diluted shares | 54M | 55M | 68M |
Where the cash went
Fiscal 2021 to 2025, five years combined
MKS generated $2.66B from operations and spent $925.00M on capital expenditure, dividends and share buybacks. 65% of that went back into the business.
Generated
$2.66B
Used
$925.00M
Capital expenditure$604.00M65%Dividends$276.00M30%Share buybacks$45.00M5%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin7.5%
×Asset turnover0.45×
×Equity multiplier3.45×
=Return on equity, FY202511.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 7.5% | 0.45× | 3.45× | 11.7% |
| FY2024 | 5.3% | 0.41× | 3.69× | 7.9% |
| FY2023 | -50.8% | 0.35× | 2.96× | -52.9% |
| FY2022 | 9.4% | 0.44× | 2.18× | 9.0% |
| FY2021 | 18.7% | 0.70× | 1.61× | 21.0% |
| FY2020 | 15.0% | 0.64× | 1.67× | 16.0% |
| FY2019 | 7.4% | 0.63× | 1.55× | 7.2% |
| FY2018 | 18.9% | 0.83× | 1.45× | 22.7% |
| FY2017 | 17.7% | 0.83× | 1.63× | 24.0% |
| FY2016 | 8.1% | 0.74× | 1.45× | 8.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$295.00M
- Cash generatingOperating cash flow above zero$645.00M
- Return on assets improvedROA up on the prior year2.1% → 3.4%
- Earnings backed by cashOperating cash flow above net income$645.00M vs $295.00M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose3.19 → 2.71
- No dilutionShare count did not rise68M → 68M
- Gross margin improvedGross margin up on the prior year47.63% → 46.73%
- More efficientAsset turnover rose0.39 → 0.46