Applied Materials AMAT Ratios & Valuation
| 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 | |
| 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 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× | |
| Liquidity | ||||||
| Current ratio | 10.3×0.0× | 10.3×0.0× | 10.3×+0.1× | 10.1×-0.4× | 10.5×-0.3× | |
| Leverage | ||||||
| Debt-to-equity | 1.3×0.0× | 1.4×0.0× | 1.4×0.0× | 1.4×0.0× | 1.4×0.0× | |
| Net debt / EBITDA | 2.6×+0.1× | 2.5×0.0× | 2.5×0.0× | 2.5×-0.1× | 2.5×0.0× | |
| 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% | |
| 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× | |
| Dividend yield | 2.7%-0.6pp | 3.3%-0.3pp | 3.6%-0.1pp | 3.6%+0.3pp | 3.4%+0.4pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →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.
