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

	TTM Q2 '26	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25
Profitability
Gross margin	194.9%+0.8pp	194%+1.0pp	193%+1.2pp	191.8%+1.1pp	190.7%+1.0pp
Operating margin	116.1%-1.1pp	117.2%-1.1pp	118.2%+0.3pp	118%+1.1pp	116.8%+0.8pp
Net margin	105.6%+5.3pp	100.4%+4.8pp	95.6%-1.7pp	97.3%-3.9pp	101.2%-3.5pp
EBITDA margin	122.5%-0.9pp	123.3%-0.9pp	124.2%+0.4pp	123.9%+1.1pp	122.8%+0.5pp
Free cash flow margin	80.8%-2.5pp	83.3%+0.5pp	82.8%-7.5pp	90.2%-4.1pp	94.3%-4.8pp
Returns
Return on equity	149.7%+3.3pp	146.4%+3.7pp	142.7%-5.1pp	147.8%-8.3pp	156.1%-8.8pp
Return on assets	85%+2.4pp	82.6%+2.5pp	80.1%-2.2pp	82.3%-3.1pp	85.5%-3.3pp
Return on invested capital	102.7%-3.6pp	106.4%-2.3pp	108.7%-5.8pp	114.5%-4.3pp	118.8%-3.6pp
Efficiency
Asset turnover	3.2×-0.1×	3.3×-0.1×	3.4×0.0×	3.4×0.0×	3.4×0.0×
Inventory turnover	10.1×-0.1×	10.2×-0.1×	10.3×0.0×	10.3×+0.1×	10.2×+0.2×
Liquidity
Current ratio	10.3×0.0×	10.3×0.0×	10.3×+0.1×	10.1×-0.4×	10.5×-0.3×
Quick ratio	7.4×0.0×	7.3×0.0×	7.4×0.0×	7.4×-0.3×	7.7×-0.2×
Cash ratio	0.7×0.0×	0.7×0.0×	0.7×0.0×	0.7×0.0×	0.7×0.0×
Leverage
Debt-to-equity	1.3×0.0×	1.4×0.0×	1.4×0.0×	1.4×0.0×	1.4×0.0×
Debt-to-assets	0.8×0.0×	0.8×0.0×	0.8×0.0×	0.8×0.0×	0.8×0.0×
Net debt / EBITDA	2.6×+0.1×	2.5×0.0×	2.5×0.0×	2.5×-0.1×	2.5×0.0×
Interest coverage	122.7×-1.7×	124.4×-3.0×	127.4×-1.0×	128.5×+0.1×	128.4×-0.5×
Per Share
Book value per share	$106.69+6.6%	$100.12+4.6%	$95.68+2.7%	$93.19+1.9%	$91.49+1.8%
Valuation
Market capitalization	$899.1B+27.0%	$708.03B+17.6%	$602.05B+6.4%	$566.05B-5.2%	$597.25B-6.7%
Enterprise value	$921.47B+26.3%	$729.87B+17.1%	$623.53B+6.2%	$587.19B-5.0%	$618.41B-6.4%
Price / earnings	117.1×+18.7×	98.4×+9.0×	89.4×+5.7×	83.7×-2.4×	86.1×-4.5×
Price / sales	31.5×+6.4×	25×+3.6×	21.4×+1.0×	20.3×-1.5×	21.8×-1.9×
Price / book	41.4×+6.7×	34.7×+3.7×	31×+1.2×	29.8×-1.9×	31.7×-2.6×
EV / EBITDA	105.9×+21.7×	84.1×+12.8×	71.3×+3.2×	68.2×-5.5×	73.7×-6.4×
EV / sales	32.2×+6.5×	25.8×+3.7×	22.1×+1.0×	21.1×-1.5×	22.6×-1.9×
Free cash flow yield	11.2%-3.1pp	14.3%-1.5pp	15.9%-1.9pp	17.8%+0.3pp	17.5%+0.7pp
Earnings yield	14.3%-2.8pp	17.1%-1.2pp	18.3%-1.0pp	19.3%+0.5pp	18.8%+1.1pp
Dividend yield	2.7%-0.6pp	3.3%-0.3pp	3.6%-0.1pp	3.6%+0.3pp	3.4%+0.4pp

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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.