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%+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 | |
| 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 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× | |
| Liquidity | ||||||
| Current ratio | 10.3×-0.2× | 10.3×-0.5× | 10.3×-0.6× | 10.1×-0.8× | 10.5×+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× | |
| Net debt / EBITDA | 2.6×0.0× | 2.5×0.0× | 2.5×0.0× | 2.5×+0.1× | 2.5×+0.2× | |
| 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% | |
| 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× | |
| Dividend yield | 2.7%-0.6pp | 3.3%+0.4pp | 3.6%+0.8pp | 3.6%+0.7pp | 3.4%+0.3pp |
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.
