Income StatementBalance SheetCash FlowSegments
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MKS Instruments Cash Flow Statement

Operating, investing, and financing cash movements

MKS Instruments generated $557.0M in operating cash flow over the trailing twelve months. After $155.0M in capital expenditures, free cash flow was $402.0M. Free cash flow decreased 0.2% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$557.0MNet Cash From Investing (TTM)-$152.0MNet Cash From Financing (TTM)-$519.0MCapital Expenditures (TTM)$155.0MDepreciation And Amortization Cf (TTM)$343.0MNet Change In Cash (TTM)$251.0M
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$20.0B
P/E Ratio61.08
ROE12.66%

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other non-cash income (expense)-$3.0M-$1.0M$1.0M$0.0$0.0-$1.0M
Inventory write-down$15.0M$17.0M$10.0M$10.0M$8.0M$13.0M
Amortization of debt issuance costs$7.0M$6.0M$7.0M$7.0M$6.0M$4.0M
Other non-cash income (expense)-$3.0M-$1.0M$1.0M$0.0$0.0-$1.0M
Change in accounts payable$42.0M-$20.0M$24.0M$27.0M$24.0M$45.0M
Change in accounts receivable$29.0M$19.0M—-$34.0M$40.0M$129.0M
Change in income taxes payable/receivable$0.0$12.0M$7.0M$2.0M$0.0$10.0M
Change in inventories-$9.0M$12.0M$12.0M$30.0M$0.0$49.0M
Change in other assets-$8.0M-$17.0M—-$1.0M-$2.0M-$21.0M
Change in other liabilities-$15.0M-$5.0M-$9.0M$0.0-$18.0M$36.0M
Other working capital changes-$3.0M-$1.0M$1.0M$0.0$0.0-$1.0M
Deferred income taxes-$58.0M-$37.0M-$43.0M-$45.0M-$71.0M-$24.0M
Depreciation and amortization$86.0M$85.0M$87.0M$85.0M$86.0M$85.0M
Other Non-Cash Income (Expense)-$3.0M-$1.0M$1.0M$0.0$0.0-$1.0M
Loss on extinguishment of debt-$5.0M-$3.0M-$2.0M-$2.0M-$2.0M-$5.0M
Other Non-cash Income (Expense)-$3.0M-$1.0M$1.0M$0.0$0.0-$1.0M
Other Non-cash Income (Expense)-$3.0M-$1.0M$1.0M$0.0$0.0-$1.0M
Net cash from operating activities$176.0M$141.0M$165.0M$197.0M$142.0M$53.0M
Net income$91.0M$52.0M$62.0M$74.0M$107.0M$84.0M
Other non-cash income (expense)-$3.0M-$1.0M$1.0M$0.0$0.0-$1.0M
Non-cash interest expense$7.0M$6.0M$7.0M$7.0M$6.0M$4.0M
Increase Decrease Current And Non Current Accrued Compensation$6.0M-$17.0M-$14.0M-$24.0M-$28.0M$68.0M
Accounts payable$42.0M-$20.0M$24.0M$27.0M$24.0M$45.0M
Increase (Decrease) in Income Taxes Payable, Net of Income Taxes Receivable$0.0$12.0M$7.0M$2.0M$0.0$10.0M
Increase (Decrease) in Other Operating Assets-$8.0M-$17.0M—-$1.0M-$2.0M-$21.0M
Inventory write-downs$15.0M$17.0M$10.0M$10.0M$8.0M$13.0M
Other Noncash Income (Expense)-$3.0M-$1.0M$1.0M$0.0$0.0-$1.0M
Gain (loss) on mark-to-market of Escrowed Shares-$11.0M-$2.0M-$2.0M$8.0M$5.0M-$0.0
Other Non-cash Income and Expense-$3.0M-$1.0M$1.0M$0.0$0.0-$1.0M
Other Non-Cash Adjustments-$3.0M-$1.0M$1.0M$0.0$0.0-$1.0M
Other Non-Cash Income and Expense-$3.0M-$1.0M$1.0M$0.0$0.0-$1.0M
Stock-based compensation$11.0M$22.0M$12.0M$12.0M$9.0M$19.0M
Inventory and Purchase Commitments Write-downs$15.0M$17.0M$10.0M$10.0M$8.0M$13.0M
Unrealized Gain (Loss) on Derivatives-$11.0M-$2.0M-$2.0M$8.0M$5.0M-$0.0

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures$51.0M$18.0M$29.0M$51.0M$50.0M$25.0M
Net cash from investing activities-$51.0M-$18.0M-$27.0M-$51.0M-$49.0M-$25.0M
Proceeds from sale of property, plant and equipment$250.0K——$1.0M——
Purchases of investments$0.0—————

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from issuance of debt—$0.0$0.0$0.0$0.0$1.2B
Repayments of debt$229.0M$113.0M$112.0M$113.0M$113.0M$1.3B
Dividends paid$15.0M$15.0M$15.0M$14.0M$15.0M$17.0M
Proceeds From Bank Debt—$0.0$0.0$0.0$0.0$1.2B
Proceeds From Payments For Employee Stock Awards—-$5.0M—-$1.0M—-$16.0M
Other, net-$5.0M-$2.0M-$2.0M——-$0.0
Repayments of Debt$229.0M$113.0M$112.0M$113.0M$113.0M$1.3B
Payment of Deferred Purchase Consideration-$5.0M-$2.0M-$2.0M——-$0.0
Noncontrolling interest transactions and other-$5.0M-$2.0M-$2.0M——-$0.0
Net cash from financing activities-$246.0M-$180.0M-$129.0M-$128.0M-$125.0M-$137.0M
Other financing activities-$5.0M-$2.0M-$2.0M——-$0.0
Payment of debt issuance costs—$0.0$0.0$0.0$0.0$22.0M
Noncontrolling Interests Activity and Other-$5.0M-$2.0M-$2.0M——-$0.0
Repurchases of common stock$0.0$45.0M———$0.0
Payments of consent fees related to long-term debt—$0.0$0.0$0.0$0.0$22.0M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$125.0M$123.0M$136.0M$146.0M$92.0M$28.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$26.0M-$2.0M$10.0M$5.0M$10.0M$3.0M
Net increase (decrease) in cash-$147.0M-$59.0M——-$22.0M-$106.0M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income taxes paid$36.3M—————
Interest paid$67.0M$47.5M$47.5M$47.5M$47.5M—