What are Applied Materials's profit margins?

Applied Materials (AMAT) runs a 49.0% gross margin and a 28.6% operating margin, with a 29.3% net margin.

Where do Applied Materials's ratios come from?

Every ratio is computed from Applied Materials's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Applied Materials AMAT Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q2 '26	Q1 '26	Q4 '25	Q3 '25	Q2 '25
Profitability
Gross margin	49%+0.2pp	48.7%0.0pp	48.7%+0.2pp	48.5%+0.4pp	48.1%+0.4pp
Operating margin	28.6%+0.4pp	28.2%-1.1pp	29.2%-0.9pp	30.1%+0.5pp	29.7%+0.4pp
Net margin	29.3%+1.5pp	27.8%+3.1pp	24.7%+0.8pp	23.9%-0.2pp	24.1%+1.1pp
EBITDA margin	30.3%+0.5pp	29.8%-1.0pp	30.8%-0.9pp	31.6%+0.5pp	31.1%+0.4pp
Free cash flow margin	18.4%-3.5pp	22%+1.9pp	20.1%-0.3pp	20.4%-0.5pp	20.9%-0.6pp
Returns
Return on equity	39.7%+0.8pp	38.9%+3.4pp	35.5%-0.1pp	35.6%-0.7pp	36.4%+1.2pp
Return on assets	23%+0.9pp	22.1%+2.3pp	19.8%-0.3pp	20.1%-0.5pp	20.6%+1.1pp
Return on invested capital	25.2%-0.4pp	25.6%+0.8pp	24.9%-2.2pp	27%-1.9pp	28.9%+0.9pp
Efficiency
Asset turnover	0.8×0.0×	0.8×0.0×	0.8×0.0×	0.8×0.0×	0.9×0.0×
Inventory turnover	2.5×0.0×	2.5×-0.1×	2.6×0.0×	2.6×0.0×	2.6×0.0×
Liquidity
Current ratio	2.5×-0.2×	2.7×+0.1×	2.6×+0.1×	2.5×0.0×	2.5×-0.2×
Quick ratio	1.8×-0.1×	1.9×+0.1×	1.9×+0.1×	1.8×0.0×	1.8×-0.2×
Cash ratio	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×
Leverage
Debt-to-equity	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.4×0.0×
Debt-to-assets	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×
Net debt / EBITDA	0.7×0.0×	0.7×0.0×	0.6×+0.1×	0.6×0.0×	0.6×0.0×
Interest coverage	30.2×+1.2×	29×-1.8×	30.8×-1.8×	32.7×+0.7×	31.9×-0.1×
Per Share
Book value per share	$29.92+10.1%	$27.18+7.6%	$25.27+3.9%	$24.32+4.1%	$23.35+2.7%
Valuation
Market capitalization	$313.07B+22.4%	$255.83B+37.8%	$185.7B+28.5%	$144.5B+18.4%	$122B-18.6%
Enterprise value	$318.84B+21.9%	$261.48B+36.7%	$191.33B+27.7%	$149.82B+17.8%	$127.23B-18.0%
Price / earnings	36.8×+4.2×	32.6×+6.1×	26.5×+5.4×	21.2×+3.1×	18.1×-5.6×
Price / sales	10.8×+1.7×	9.1×+2.5×	6.5×+1.5×	5.1×+0.7×	4.3×-1.1×
Price / book	13.1×+1.3×	11.8×+2.7×	9.1×+1.7×	7.4×+1.0×	6.4×-1.6×
EV / EBITDA	36.3×+5.2×	31.1×+9.2×	21.9×+5.4×	16.5×+2.0×	14.5×-3.7×
EV / sales	11×+1.7×	9.3×+2.5×	6.7×+1.5×	5.2×+0.7×	4.5×-1.1×
Free cash flow yield	1.7%-0.7pp	2.4%-0.6pp	3.1%-1.0pp	4%-0.8pp	4.8%+0.8pp
Earnings yield	2.7%-0.3pp	3.1%-0.7pp	3.8%-1.0pp	4.7%-0.8pp	5.5%+1.3pp
Dividend yield	0.5%-0.1pp	0.6%-0.2pp	0.7%-0.2pp	0.9%-0.1pp	1.1%+0.2pp
PEG ratio	1.4×0.0×	1.4×—	——	——	——

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Ask your AI about Applied Materials.

Connect your AI assistant and get a quick read on the numbers, right in your chat.

Connect your AI

Claude

Questions, answered.

What are Applied Materials's profit margins?: Applied Materials (AMAT) runs a 49.0% gross margin and a 28.6% operating margin, with a 29.3% net margin.
Where do Applied Materials's ratios come from?: Every ratio is computed from Applied Materials's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.