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%+4.1pp	194%+4.3pp	193%+4.0pp	191.8%+3.6pp	190.7%+3.5pp
Operating margin	116.1%-0.7pp	117.2%+1.1pp	118.2%+2.5pp	118%+2.3pp	116.8%+1.3pp
Net margin	105.6%+4.5pp	100.4%-4.3pp	95.6%-13.2pp	97.3%-10.9pp	101.2%-3.6pp
EBITDA margin	122.5%-0.3pp	123.3%+1.1pp	124.2%+2.0pp	123.9%+1.2pp	122.8%-0.2pp
Free cash flow margin	80.8%-13.5pp	83.3%-15.9pp	82.8%-24.0pp	90.2%-17.6pp	94.3%-15.4pp
Returns
Return on equity	149.7%-6.4pp	146.4%-18.5pp	142.7%-33.4pp	147.8%-35.8pp	156.1%-31.0pp
Return on assets	85%-0.4pp	82.6%-6.2pp	80.1%-13.2pp	82.3%-12.8pp	85.5%-9.2pp
Return on invested capital	102.7%-16.0pp	106.4%-16.0pp	108.7%-19.3pp	114.5%-19.0pp	118.8%-19.6pp
Efficiency
Asset turnover	3.2×-0.2×	3.3×-0.1×	3.4×-0.1×	3.4×-0.1×	3.4×-0.2×
Inventory turnover	10.1×-0.1×	10.2×+0.2×	10.3×+0.5×	10.3×+0.6×	10.2×+0.5×
Liquidity
Current ratio	10.3×-0.2×	10.3×-0.5×	10.3×-0.6×	10.1×-0.8×	10.5×+0.1×
Quick ratio	7.4×-0.3×	7.3×-0.6×	7.4×-0.5×	7.4×-0.4×	7.7×+0.4×
Cash ratio	0.7×0.0×	0.7×0.0×	0.7×0.0×	0.7×-0.1×	0.7×-0.1×
Leverage
Debt-to-equity	1.3×-0.1×	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	2.6×0.0×	2.5×0.0×	2.5×0.0×	2.5×+0.1×	2.5×+0.2×
Interest coverage	122.7×-5.8×	124.4×-4.5×	127.4×-1.6×	128.5×-0.9×	128.4×-0.7×
Per Share
Book value per share	$106.69+16.6%	$100.12+11.4%	$95.68+8.7%	$93.19+10.2%	$91.49+14.6%
Valuation
Market capitalization	$899.1B+50.5%	$708.03B+10.6%	$602.05B-4.0%	$566.05B-3.8%	$597.25B+10.6%
Enterprise value	$921.47B+49.0%	$729.87B+10.4%	$623.53B-3.6%	$587.19B-3.3%	$618.41B+10.8%
Price / earnings	117.1×+31.0×	98.4×+7.7×	89.4×+3.2×	83.7×+2.3×	86.1×+8.5×
Price / sales	31.5×+9.6×	25×+1.3×	21.4×-2.1×	20.3×-1.8×	21.8×+1.5×
Price / book	41.4×+9.7×	34.7×+0.4×	31×-3.1×	29.8×-3.2×	31.7×-0.4×
EV / EBITDA	105.9×+32.2×	84.1×+4.1×	71.3×-7.8×	68.2×-6.3×	73.7×+5.1×
EV / sales	32.2×+9.6×	25.8×+1.3×	22.1×-2.1×	21.1×-1.7×	22.6×+1.5×
Free cash flow yield	11.2%-6.3pp	14.3%-2.5pp	15.9%-2.6pp	17.8%-2.6pp	17.5%-4.6pp
Earnings yield	14.3%-4.5pp	17.1%-0.6pp	18.3%-0.4pp	19.3%-0.8pp	18.8%-2.1pp
Dividend yield	2.7%-0.6pp	3.3%+0.4pp	3.6%+0.8pp	3.6%+0.7pp	3.4%+0.3pp

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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.