Applied Materials (AMAT) Financials

$143.58 +5.28 (+3.82%)

Closing price 04/23/2025 03:59 PM Eastern

Extended Trading

$145.01 +1.43 (+1.00%)

As of 04/23/2025 07:59 PM Eastern

Annual Income Statements for Applied Materials

This table shows Applied Materials' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	1,377	1,721	3,519	3,038	2,706	3,619	5,888	6,525	6,856	7,177
Consolidated Net Income / (Loss)	1,377	1,721	3,519	3,038	2,706	3,619	5,888	6,525	6,856	7,177
Net Income / (Loss) Continuing Operations	1,377	1,721	3,519	3,038	2,706	3,619	5,888	6,525	6,856	7,177
Total Pre-Tax Income	1,598	2,013	3,816	4,396	3,269	4,166	6,771	7,599	7,716	8,152
Total Operating Income	1,693	2,152	3,936	4,491	3,350	4,365	6,889	7,788	7,654	7,867
Total Gross Profit	3,952	4,511	6,612	7,517	6,386	7,692	10,914	11,993	12,384	12,897
Total Revenue	9,659	10,825	14,698	16,705	14,608	17,202	23,063	25,785	26,517	27,176
Operating Revenue	9,659	10,825	14,698	16,705	14,608	17,202	23,063	25,785	26,517	27,176
Total Cost of Revenue	5,707	6,314	8,086	9,188	8,222	9,510	12,149	13,792	14,133	14,279
Operating Cost of Revenue	5,707	6,314	8,086	9,188	8,222	9,510	12,149	13,792	14,133	14,279
Total Operating Expenses	2,259	2,359	2,676	3,026	3,036	3,327	4,025	4,205	4,730	5,030
Selling, General & Admin Expense	469	390	438	483	461	567	620	735	852	961
Marketing Expense	428	429	457	521	521	526	609	703	776	836
Research & Development Expense	1,451	1,540	1,781	2,022	2,054	2,234	2,485	2,771	3,102	3,233
Restructuring Charge	-	-	-	-	0.00	0.00	157	-4.00	0.00	0.00
Total Other Income / (Expense), net	-95	-139	-120	-95	-81	-199	-118	-189	62	285
Interest Expense	103	155	198	234	237	240	236	228	238	247
Other Income / (Expense), net	8.00	16	78	139	156	41	118	39	300	532
Income Tax Expense	221	292	297	1,358	563	547	883	1,074	860	975
Basic Earnings per Share	$1.13	$1.56	$3.28	$3.00	$2.89	$3.95	$6.47	$7.49	$8.16	$8.68
Weighted Average Basic Shares Outstanding	1.21B	1.11B	1.07B	1.01B	937M	916M	910M	871M	840M	827M
Diluted Earnings per Share	$1.12	$1.54	$3.25	$2.96	$2.86	$3.92	$6.40	$7.44	$8.11	$8.61
Weighted Average Diluted Shares Outstanding	1.23B	1.12B	1.08B	1.03B	945M	923M	919M	877M	845M	834M
Weighted Average Basic & Diluted Shares Outstanding	1.22B	1.10B	1.07B	1.01B	915.30M	914.34M	888.51M	844.14M	831.07M	813.68M
Cash Dividends to Common per Share	$0.10	$0.40	$0.40	$0.70	$0.83	$0.87	$0.94	$1.02	$1.22	$1.52

This table shows Applied Materials' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Net Income / (Loss) Attributable to Common Shareholders	1,606	1,591	1,717	1,575	1,560	2,004	2,019	1,722	1,705	1,731	1,185
Consolidated Net Income / (Loss)	1,606	1,591	1,717	1,575	1,560	2,004	2,019	1,722	1,705	1,731	1,185
Net Income / (Loss) Continuing Operations	1,606	1,591	1,717	1,575	1,560	2,004	2,019	1,722	1,705	1,731	1,185
Total Pre-Tax Income	1,861	1,949	1,961	1,777	1,806	2,172	2,303	1,994	1,960	1,895	2,119
Total Operating Income	1,924	1,994	1,970	1,911	1,802	1,971	1,967	1,912	1,942	2,046	2,175
Total Gross Profit	3,006	3,101	3,145	3,094	2,976	3,169	3,204	3,153	3,205	3,335	3,496
Total Revenue	6,520	6,749	6,739	6,630	6,425	6,723	6,707	6,646	6,778	7,045	7,166
Operating Revenue	6,520	6,749	6,739	6,630	6,425	6,723	6,707	6,646	6,778	7,045	7,166
Total Cost of Revenue	3,514	3,648	3,594	3,536	3,449	3,554	3,503	3,493	3,573	3,710	3,670
Operating Cost of Revenue	3,514	3,648	3,594	3,536	3,449	3,554	3,503	3,493	3,573	3,710	3,670
Total Operating Expenses	1,082	1,107	1,175	1,183	1,174	1,198	1,237	1,241	1,263	1,289	1,321
Selling, General & Admin Expense	197	198	207	214	214	217	276	247	222	216	256
Marketing Expense	180	183	197	194	193	192	207	209	205	215	206
Research & Development Expense	705	726	771	775	767	789	754	785	836	858	859
Total Other Income / (Expense), net	-63	-45	-9.00	-134	4.00	201	336	82	18	-151	-56
Interest Expense	56	57	59	61	60	58	59	59	63	66	64
Other Income / (Expense), net	-7.00	12	50	-73	64	259	395	141	81	-85	8.00
Income Tax Expense	255	358	244	202	246	168	284	272	255	164	934
Basic Earnings per Share	$1.86	$1.86	$2.03	$1.87	$1.86	$2.40	$2.43	$2.08	$2.06	$2.11	$1.46
Weighted Average Basic Shares Outstanding	864M	871M	845M	843M	838M	840M	831M	830M	826M	827M	814M
Diluted Earnings per Share	$1.85	$1.85	$2.02	$1.86	$1.85	$2.38	$2.41	$2.06	$2.05	$2.09	$1.45
Weighted Average Diluted Shares Outstanding	869M	877M	849M	847M	843M	845M	837M	836M	833M	834M	819M
Weighted Average Basic & Diluted Shares Outstanding	860.31M	844.14M	845.12M	839.75M	836.53M	831.07M	830.90M	827.97M	824.40M	813.68M	812.44M
Cash Dividends to Common per Share	$0.26	-	$0.26	$0.32	$0.32	-	$0.32	$0.40	$0.40	-	$0.40

This table details how cash moves in and out of Applied Materials' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	1,795	-1,391	1,604	-1,570	-311	2,337	-365	-3,001	4,133	1,880
Net Cash From Operating Activities	1,163	2,566	3,789	3,787	3,247	3,804	5,442	5,399	8,700	8,677
Net Cash From Continuing Operating Activities	1,163	2,566	3,789	3,787	3,247	3,804	5,442	5,399	8,700	8,677
Net Income / (Loss) Continuing Operations	1,377	1,721	3,519	3,038	2,706	3,619	5,888	6,525	6,856	7,177
Consolidated Net Income / (Loss)	1,377	1,721	3,519	3,038	2,706	3,619	5,888	6,525	6,856	7,177
Depreciation Expense	371	389	407	457	363	376	394	444	515	392
Non-Cash Adjustments To Reconcile Net Income	131	201	353	258	263	291	494	409	323	451
Changes in Operating Assets and Liabilities, net	-716	255	-490	34	-93	-482	-1,334	-1,979	1,006	657
Net Cash From Investing Activities	-281	-425	-2,526	571	-443	-130	-1,216	-1,357	-1,535	-2,327
Net Cash From Continuing Investing Activities	-281	-425	-2,526	571	-443	-130	-1,216	-1,357	-1,535	-2,327
Purchase of Property, Plant & Equipment	-215	-253	-345	-622	-441	-422	-668	-787	-1,106	-1,190
Acquisitions	-4.00	-16	-68	-6.00	-28	-107	-12	-441	-25	0.00
Purchase of Investments	-1,162	-1,390	-4,856	-2,077	-1,914	-1,355	-2,007	-1,492	-1,672	-3,588
Sale and/or Maturity of Investments	1,100	1,234	2,743	3,276	1,940	1,754	1,471	1,363	1,268	2,451
Net Cash From Financing Activities	913	-3,532	341	-5,928	-3,115	-1,337	-4,591	-7,043	-3,032	-4,470
Net Cash From Continuing Financing Activities	913	-3,532	341	-5,928	-3,115	-1,337	-4,591	-7,043	-3,032	-4,470
Repayment of Debt	0.00	-1,207	-205	0.00	0.00	-2,882	0.00	0.00	-907	-502
Repurchase of Common Equity	-1,325	-1,892	-1,172	-5,283	-2,403	-649	-3,750	-6,103	-2,189	-3,823
Payment of Dividends	-487	-444	-430	-605	-771	-787	-838	-873	-975	-1,192
Issuance of Debt	2,581	0.00	2,176	0.00	0.00	2,979	0.00	0.00	991	1,095
Issuance of Common Equity	88	88	97	124	145	174	175	199	227	243
Other Financing Activities, net	56	-77	-125	-164	-86	-172	-178	-266	-179	-291
Cash Interest Paid	92	151	186	219	219	219	205	205	205	205
Cash Income Taxes Paid	407	157	194	300	522	542	851	1,869	1,006	957

This table details how cash moves in and out of Applied Materials' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Net Change in Cash & Equivalents	-375	-960	1,553	1,042	1,438	100	721	221	1,203	-265	-1,758
Net Cash From Operating Activities	1,469	857	2,270	2,292	2,583	1,555	2,325	1,392	2,385	2,575	925
Net Cash From Continuing Operating Activities	1,469	857	2,270	2,292	2,583	1,555	2,325	1,392	2,385	2,575	925
Net Income / (Loss) Continuing Operations	1,606	1,591	1,717	1,575	1,560	2,004	2,019	1,722	1,705	1,731	1,185
Consolidated Net Income / (Loss)	1,606	1,591	1,717	1,575	1,560	2,004	2,019	1,722	1,705	1,731	1,185
Depreciation Expense	108	123	120	129	136	130	91	96	95	110	105
Non-Cash Adjustments To Reconcile Net Income	95	99	148	113	114	-52	170	134	132	15	195
Changes in Operating Assets and Liabilities, net	-340	-956	285	475	773	-527	45	-560	453	719	-560
Net Cash From Investing Activities	-616	-190	-299	-322	-425	-489	-447	-149	-660	-1,071	-897
Net Cash From Continuing Investing Activities	-616	-190	-299	-322	-425	-489	-447	-149	-660	-1,071	-897
Purchase of Property, Plant & Equipment	-210	-223	-287	-255	-255	-309	-229	-257	-297	-407	-381
Acquisitions	-441	-	-20	2.00	-7.00	-	0.00	-	-	-	-28
Purchase of Investments	-339	-317	-406	-324	-465	-477	-749	-474	-745	-1,620	-1,711
Sale and/or Maturity of Investments	374	350	414	255	302	297	531	582	382	956	1,223
Net Cash From Financing Activities	-1,228	-1,627	-418	-928	-720	-966	-1,157	-1,022	-522	-1,769	-1,786
Net Cash From Continuing Financing Activities	-1,228	-1,627	-418	-928	-720	-966	-1,157	-1,022	-522	-1,769	-1,786
Repayment of Debt	-	-	-110	-299	-299	-199	-99	-114	-99	-190	-200
Repurchase of Common Equity	-1,000	-1,500	-250	-800	-439	-700	-700	-820	-861	-1,442	-1,318
Payment of Dividends	-225	-223	-220	-219	-268	-268	-266	-266	-331	-329	-326
Issuance of Debt	-	-	298	297	297	99	100	100	794	101	200
Other Financing Activities, net	-3.00	-7.00	-136	-18	-11	-14	-192	-41	-25	-33	-142
Cash Interest Paid	35	68	34	68	35	68	34	68	35	68	52
Cash Income Taxes Paid	592	246	69	152	197	588	139	467	213	138	70

This table presents Applied Materials' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	15,308	14,570	19,419	17,633	19,024	22,353	25,825	26,726	30,729	34,409
Total Current Assets	9,261	8,353	12,918	10,604	10,206	13,369	16,107	15,925	19,147	21,220
Cash & Equivalents	4,797	3,406	5,010	3,440	3,129	5,351	4,995	1,995	6,132	8,022
Short-Term Investments	168	343	2,266	590	489	387	464	586	737	1,449
Accounts Receivable	1,739	2,279	2,338	2,323	2,533	2,963	4,953	6,068	5,165	5,234
Inventories, net	1,833	2,050	2,930	3,721	3,474	3,904	4,309	5,932	5,725	5,421
Other Current Assets	-	275	374	530	581	764	1,386	1,344	1,388	1,094
Plant, Property, & Equipment, net	892	937	1,066	1,407	1,529	1,604	1,934	2,307	2,723	3,339
Total Noncurrent Assets	5,155	5,280	5,435	5,622	7,289	7,380	7,784	8,494	8,859	9,850
Long-Term Investments	946	929	1,143	1,568	1,703	1,538	2,055	1,980	2,281	2,787
Goodwill	3,302	3,316	3,368	3,368	3,399	3,466	3,479	3,700	3,732	3,732
Intangible Assets	762	575	412	213	156	153	104	339	294	249
Noncurrent Deferred & Refundable Income Taxes	145	460	512	473	2,031	2,223	2,146	2,475	2,552	3,082
Total Liabilities & Shareholders' Equity	15,308	14,570	19,419	17,633	19,024	22,353	25,825	26,726	30,729	34,409
Total Liabilities	7,695	7,353	10,070	10,788	10,810	11,775	13,578	14,532	14,380	15,408
Total Current Liabilities	3,798	3,632	4,115	3,922	4,447	4,459	6,344	7,379	7,372	8,468
Short-Term Debt	1,200	-	-	0.00	600	-	-	0.00	100	799
Accounts Payable	1,833	2,256	2,450	2,721	2,511	3,138	4,268	4,237	4,297	4,820
Other Current Liabilities	-	-	-	1,201	1,336	1,321	2,076	3,142	2,975	2,849
Total Noncurrent Liabilities	3,897	3,721	5,955	6,866	6,363	7,316	7,234	7,153	7,008	6,940
Long-Term Debt	3,897	3,721	5,563	5,612	4,713	5,448	5,452	5,457	5,461	5,460
Noncurrent Deferred Revenue	-	-	-	1,254	1,275	1,206	1,090	964	833	670
Other Noncurrent Operating Liabilities	-	-	392	-	375	662	692	732	714	810
Total Equity & Noncontrolling Interests	7,613	7,217	9,349	6,845	8,214	10,578	12,247	12,194	16,349	19,001
Total Preferred & Common Equity	7,613	7,217	9,349	6,845	8,214	10,578	12,247	12,194	16,349	19,001
Total Common Equity	7,613	7,217	9,349	6,845	8,214	10,578	12,247	12,194	16,349	19,001
Common Stock	6,586	6,820	7,067	7,284	7,604	7,913	8,256	8,601	9,139	9,668
Retained Earnings	13,967	15,252	18,258	20,880	24,386	27,209	32,246	37,892	43,726	49,651
Accumulated Other Comprehensive Income / (Loss)	-92	-115	-64	-125	-180	-299	-260	-202	-217	-168
Other Equity Adjustments	-	-	-	-	-	-	-	-34,097	-	-40,150

This table presents Applied Materials' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Total Assets	26,161	26,726	27,959	29,092	30,410	30,729	31,540	31,949	33,647	34,409	33,338
Total Current Assets	15,434	15,925	16,715	17,773	18,879	19,147	19,182	19,265	20,671	21,220	20,694
Cash & Equivalents	2,956	1,995	3,547	4,588	6,025	6,132	6,854	7,085	8,288	8,022	6,264
Short-Term Investments	592	586	500	510	510	737	638	472	815	1,449	1,949
Accounts Receivable	4,956	6,068	5,385	5,516	5,230	5,165	4,700	4,778	4,970	5,234	5,998
Inventories, net	5,506	5,932	6,054	5,940	5,809	5,725	5,646	5,691	5,568	5,421	5,501
Other Current Assets	1,424	1,344	1,229	1,219	1,305	1,388	1,344	1,239	1,030	1,094	982
Plant, Property, & Equipment, net	2,194	2,307	2,494	2,559	2,604	2,723	2,826	2,958	3,100	3,339	3,563
Total Noncurrent Assets	8,533	8,494	8,750	8,760	8,927	8,859	9,532	9,726	9,876	9,850	9,081
Long-Term Investments	2,047	1,980	2,088	2,024	2,177	2,281	2,910	2,983	2,981	2,787	2,686
Goodwill	3,713	3,700	3,718	3,711	3,732	3,732	3,732	3,732	3,732	3,732	3,768
Intangible Assets	337	339	332	328	305	294	283	273	262	249	237
Noncurrent Deferred & Refundable Income Taxes	2,436	2,475	2,612	2,697	2,713	2,552	2,607	2,738	2,901	3,082	2,390
Total Liabilities & Shareholders' Equity	26,161	26,726	27,959	29,092	30,410	30,729	31,540	31,949	33,647	34,409	33,338
Total Liabilities	14,091	14,532	14,539	14,963	15,317	14,380	14,111	13,750	14,807	15,408	14,713
Total Current Liabilities	6,833	7,379	7,250	7,871	8,224	7,372	7,076	6,884	7,228	8,468	7,736
Short-Term Debt	-	0.00	199	199	199	100	100	99	99	799	799
Accounts Payable	4,005	4,237	3,969	4,299	4,528	4,297	3,829	4,174	4,387	4,820	4,485
Current Deferred Revenue	-	-	-	-	-	-	-	-	-	-	2,452
Total Noncurrent Liabilities	7,258	7,153	7,289	7,092	7,093	7,008	7,035	6,866	7,579	6,940	6,977
Long-Term Debt	5,456	5,457	5,458	5,459	5,460	5,461	5,462	5,463	6,158	5,460	5,461
Noncurrent Deferred Revenue	955	964	975	822	818	833	850	656	671	670	684
Other Noncurrent Operating Liabilities	847	732	856	811	815	714	723	747	750	810	832
Total Equity & Noncontrolling Interests	12,070	12,194	13,420	14,129	15,093	16,349	17,429	18,199	18,840	19,001	18,625
Total Preferred & Common Equity	12,070	12,194	13,420	14,129	15,093	16,349	17,429	18,199	18,840	19,001	18,625
Total Common Equity	12,070	12,194	13,420	14,129	15,093	16,349	17,429	18,199	18,840	19,001	18,625
Common Stock	8,407	8,601	8,613	8,819	8,922	9,139	9,117	9,329	9,436	9,668	9,721
Retained Earnings	36,520	37,892	39,389	40,696	41,988	43,726	45,480	46,871	48,247	49,651	50,511
Treasury Stock	-32,598	-	-34,347	-35,151	-35,594	-36,299	-	-	-	-	-41,464
Accumulated Other Comprehensive Income / (Loss)	-259	-202	-235	-235	-223	-217	-166	-172	-146	-168	-143

This table displays calculated financial ratios and metrics derived from Applied Materials' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.47%	12.07%	35.78%	13.65%	-12.55%	17.76%	34.07%	11.80%	2.84%	2.49%
EBITDA Growth	8.03%	23.41%	72.90%	15.06%	-23.94%	23.60%	54.77%	11.76%	2.39%	3.80%
EBIT Growth	10.24%	27.45%	85.15%	15.35%	-24.28%	25.67%	59.03%	11.70%	1.62%	5.59%
NOPAT Growth	29.64%	26.11%	97.28%	-14.49%	-10.65%	36.74%	57.99%	11.63%	1.70%	1.84%
Net Income Growth	28.45%	24.98%	104.47%	-13.67%	-10.93%	33.74%	62.70%	10.82%	5.07%	4.68%
EPS Growth	28.74%	37.50%	111.04%	-8.92%	-3.38%	37.06%	63.27%	16.25%	9.01%	6.17%
Operating Cash Flow Growth	-35.39%	120.64%	47.66%	-0.05%	-14.26%	17.15%	43.06%	-0.79%	61.14%	-0.26%
Free Cash Flow Firm Growth	-41.99%	160.31%	42.79%	-19.40%	-47.91%	127.75%	40.26%	-16.98%	88.53%	-6.27%
Invested Capital Growth	8.71%	-7.93%	3.72%	5.64%	19.64%	6.63%	16.40%	28.52%	-2.52%	1.90%
Revenue Q/Q Growth	1.09%	9.39%	6.01%	-2.17%	-0.03%	5.74%	6.63%	2.49%	-0.10%	1.20%
EBITDA Q/Q Growth	0.49%	16.02%	11.14%	-4.97%	-1.63%	9.33%	11.60%	-0.47%	2.80%	-3.18%
EBIT Q/Q Growth	0.47%	19.19%	12.25%	-5.72%	-1.02%	10.07%	12.18%	-0.72%	2.90%	-3.10%
NOPAT Q/Q Growth	6.93%	18.10%	13.53%	-8.97%	-1.88%	13.50%	10.13%	-1.34%	3.03%	0.57%
Net Income Q/Q Growth	6.17%	18.94%	14.92%	-9.26%	-2.13%	13.59%	10.95%	-1.82%	6.41%	-3.66%
EPS Q/Q Growth	6.67%	20.31%	16.07%	-7.79%	0.35%	13.95%	11.30%	-0.40%	6.99%	-3.26%
Operating Cash Flow Q/Q Growth	5.82%	19.91%	-4.73%	10.76%	-7.18%	14.75%	-2.98%	-5.11%	8.72%	13.32%
Free Cash Flow Firm Q/Q Growth	-23.87%	60.63%	3.27%	-9.06%	31.30%	2.30%	-5.46%	-9.73%	9.84%	13.02%
Invested Capital Q/Q Growth	5.71%	-3.83%	1.18%	0.63%	-4.09%	0.32%	9.01%	9.71%	5.98%	-0.08%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	40.92%	41.67%	44.99%	45.00%	43.72%	44.72%	47.32%	46.51%	46.70%	47.46%
EBITDA Margin	21.45%	23.62%	30.08%	30.45%	26.49%	27.80%	32.09%	32.08%	31.94%	32.35%
Operating Margin	17.53%	19.88%	26.78%	26.88%	22.93%	25.38%	29.87%	30.20%	28.86%	28.95%
EBIT Margin	17.61%	20.03%	27.31%	27.72%	24.00%	25.61%	30.38%	30.35%	30.00%	30.91%
Profit (Net Income) Margin	14.26%	15.90%	23.94%	18.19%	18.52%	21.04%	25.53%	25.31%	25.86%	26.41%
Tax Burden Percent	86.17%	85.49%	92.22%	69.11%	82.78%	86.87%	86.96%	85.87%	88.85%	88.04%
Interest Burden Percent	93.94%	92.85%	95.07%	94.95%	93.24%	94.55%	96.63%	97.09%	97.01%	97.06%
Effective Tax Rate	13.83%	14.51%	7.78%	30.89%	17.22%	13.13%	13.04%	14.13%	11.15%	11.96%
Return on Invested Capital (ROIC)	22.35%	28.18%	56.92%	46.49%	36.81%	44.73%	63.28%	57.46%	52.62%	53.77%
ROIC Less NNEP Spread (ROIC-NNEP)	29.10%	41.60%	62.73%	51.11%	-2,198.18%	63.56%	68.55%	85.30%	48.53%	48.54%
Return on Net Nonoperating Assets (RNNOA)	-4.56%	-4.97%	-14.44%	-8.97%	-0.88%	-6.21%	-11.68%	-4.07%	-4.58%	-13.16%
Return on Equity (ROE)	17.79%	23.21%	42.48%	37.52%	35.94%	38.52%	51.59%	53.39%	48.04%	40.61%
Cash Return on Invested Capital (CROIC)	14.00%	36.43%	53.27%	41.01%	18.93%	38.31%	48.12%	32.50%	55.17%	51.89%
Operating Return on Assets (OROA)	11.94%	14.51%	23.62%	24.99%	19.13%	21.30%	29.09%	29.79%	27.69%	25.79%
Return on Assets (ROA)	9.67%	11.52%	20.71%	16.40%	14.76%	17.49%	24.44%	24.83%	23.87%	22.04%
Return on Common Equity (ROCE)	17.79%	23.21%	42.48%	37.52%	35.94%	38.52%	51.59%	53.39%	48.04%	40.61%
Return on Equity Simple (ROE_SIMPLE)	18.09%	23.85%	37.64%	44.38%	32.94%	34.21%	48.08%	53.51%	41.94%	37.77%
Net Operating Profit after Tax (NOPAT)	1,459	1,840	3,630	3,104	2,773	3,792	5,991	6,687	6,801	6,926
NOPAT Margin	15.10%	17.00%	24.69%	18.58%	18.98%	22.04%	25.98%	25.93%	25.65%	25.49%
Net Nonoperating Expense Percent (NNEP)	-6.74%	-13.42%	-5.80%	-4.62%	2,235.00%	-18.83%	-5.28%	-27.84%	4.09%	5.23%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	37.89%	31.04%	27.42%
Cost of Revenue to Revenue	59.08%	58.33%	55.01%	55.00%	56.28%	55.28%	52.68%	53.49%	53.30%	52.54%
SG&A Expenses to Revenue	4.86%	3.60%	2.98%	2.89%	3.16%	3.30%	2.69%	2.85%	3.21%	3.54%
R&D to Revenue	15.02%	14.23%	12.12%	12.10%	14.06%	12.99%	10.77%	10.75%	11.70%	11.90%
Operating Expenses to Revenue	23.39%	21.79%	18.21%	18.11%	20.78%	19.34%	17.45%	16.31%	17.84%	18.51%
Earnings before Interest and Taxes (EBIT)	1,701	2,168	4,014	4,630	3,506	4,406	7,007	7,827	7,954	8,399
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,072	2,557	4,421	5,087	3,869	4,782	7,401	8,271	8,469	8,791
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.32	3.92	5.97	4.34	5.97	5.09	9.82	6.21	6.65	8.07
Price to Tangible Book Value (P/TBV)	4.98	8.51	10.02	9.10	10.53	7.73	13.88	9.28	8.83	10.21
Price to Revenue (P/Rev)	1.83	2.61	3.80	1.78	3.36	3.13	5.22	2.94	4.10	5.64
Price to Earnings (P/E)	12.85	16.44	15.86	9.78	18.13	14.87	20.43	11.60	15.86	21.37
Dividend Yield	2.72%	1.53%	0.76%	1.98%	1.54%	1.46%	0.69%	1.14%	0.89%	0.77%
Earnings Yield	7.79%	6.08%	6.31%	10.22%	5.51%	6.73%	4.90%	8.62%	6.30%	4.68%
Enterprise Value to Invested Capital (EV/IC)	2.48	4.37	8.15	4.33	5.98	5.94	11.61	5.85	8.24	11.34
Enterprise Value to Revenue (EV/Rev)	1.75	2.52	3.60	1.78	3.36	3.02	5.13	2.97	3.97	5.42
Enterprise Value to EBITDA (EV/EBITDA)	8.14	10.69	11.98	5.84	12.68	10.87	15.97	9.26	12.42	16.77
Enterprise Value to EBIT (EV/EBIT)	9.92	12.61	13.19	6.42	13.99	11.80	16.87	9.79	13.22	17.55
Enterprise Value to NOPAT (EV/NOPAT)	11.57	14.86	14.59	9.58	17.69	13.71	19.73	11.45	15.46	21.28
Enterprise Value to Operating Cash Flow (EV/OCF)	14.51	10.65	13.97	7.85	15.11	13.66	21.72	14.19	12.09	16.99
Enterprise Value to Free Cash Flow (EV/FCFF)	18.46	11.49	15.59	10.86	34.40	16.00	25.95	20.25	14.75	22.05
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.67	0.52	0.60	0.82	0.65	0.52	0.45	0.45	0.34	0.33
Long-Term Debt to Equity	0.51	0.52	0.60	0.82	0.57	0.52	0.45	0.45	0.33	0.29
Financial Leverage	-0.16	-0.12	-0.23	-0.18	0.00	-0.10	-0.17	-0.05	-0.09	-0.27
Leverage Ratio	1.84	2.01	2.05	2.29	2.43	2.20	2.11	2.15	2.01	1.84
Compound Leverage Factor	1.73	1.87	1.95	2.17	2.27	2.08	2.04	2.09	1.95	1.79
Debt to Total Capital	40.10%	34.02%	37.31%	45.05%	39.28%	33.99%	30.80%	30.92%	25.38%	24.78%
Short-Term Debt to Total Capital	9.44%	0.00%	0.00%	0.00%	4.44%	0.00%	0.00%	0.00%	0.46%	3.16%
Long-Term Debt to Total Capital	30.66%	34.02%	37.31%	45.05%	34.84%	33.99%	30.80%	30.92%	24.92%	21.62%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	59.90%	65.98%	62.69%	54.95%	60.72%	66.01%	69.20%	69.08%	74.62%	75.22%
Debt to EBITDA	2.46	1.46	1.26	1.10	1.37	1.14	0.74	0.66	0.66	0.71
Net Debt to EBITDA	-0.39	-0.37	-0.65	0.00	0.00	-0.38	-0.28	0.11	-0.42	-0.68
Long-Term Debt to EBITDA	1.88	1.46	1.26	1.10	1.22	1.14	0.74	0.66	0.64	0.62
Debt to NOPAT	3.49	2.02	1.53	1.81	1.92	1.44	0.91	0.82	0.82	0.90
Net Debt to NOPAT	-0.56	-0.52	-0.79	0.00	0.00	-0.48	-0.34	0.13	-0.53	-0.87
Long-Term Debt to NOPAT	2.67	2.02	1.53	1.81	1.70	1.44	0.91	0.82	0.80	0.79
Altman Z-Score	4.08	5.40	6.62	5.58	6.26	6.34	9.31	7.43	8.71	10.03
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.44	2.30	3.14	2.70	2.30	3.00	2.54	2.16	2.60	2.51
Quick Ratio	1.77	1.66	2.34	1.62	1.38	1.95	1.64	1.17	1.63	1.74
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	914	2,379	3,397	2,738	1,426	3,248	4,556	3,782	7,131	6,684
Operating Cash Flow to CapEx	540.93%	1,014.23%	1,098.26%	608.84%	736.28%	901.42%	814.67%	686.02%	786.62%	729.16%
Free Cash Flow to Firm to Interest Expense	8.87	15.35	17.15	11.70	6.02	13.53	19.30	16.59	29.96	27.06
Operating Cash Flow to Interest Expense	11.29	16.55	19.14	16.18	13.70	15.85	23.06	23.68	36.55	35.13
Operating Cash Flow Less CapEx to Interest Expense	9.20	14.92	17.39	13.53	11.84	14.09	20.23	20.23	31.91	30.31
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.68	0.72	0.86	0.90	0.80	0.83	0.96	0.98	0.92	0.83
Accounts Receivable Turnover	5.67	5.39	6.37	7.17	6.02	6.26	5.83	4.68	4.72	5.23
Inventory Turnover	3.36	3.25	3.25	2.76	2.29	2.58	2.96	2.69	2.42	2.56
Fixed Asset Turnover	11.02	11.84	14.68	13.51	9.95	10.98	13.04	12.16	10.54	8.97
Accounts Payable Turnover	3.07	3.09	3.44	3.55	3.14	3.37	3.28	3.24	3.31	3.13
Days Sales Outstanding (DSO)	64.41	67.74	57.33	50.92	60.67	58.31	62.64	78.00	77.31	69.83
Days Inventory Outstanding (DIO)	108.73	112.23	112.40	132.11	159.70	141.59	123.37	135.51	150.53	142.46
Days Payable Outstanding (DPO)	118.83	118.19	106.21	102.71	116.13	108.41	111.25	112.54	110.20	116.52
Cash Conversion Cycle (CCC)	54.31	61.79	63.51	80.32	104.24	91.49	74.76	100.98	117.64	95.77
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,799	6,260	6,493	6,859	8,206	8,750	10,185	13,090	12,760	13,002
Invested Capital Turnover	1.48	1.66	2.31	2.50	1.94	2.03	2.44	2.22	2.05	2.11
Increase / (Decrease) in Invested Capital	545	-539	233	366	1,347	544	1,435	2,905	-330	242
Enterprise Value (EV)	16,874	27,332	52,942	29,728	49,060	51,980	118,217	76,597	105,163	147,408
Market Capitalization	17,688	28,289	55,798	29,714	49,068	53,808	120,279	75,701	108,752	153,407
Book Value per Share	$6.34	$6.68	$8.77	$6.96	$8.89	$11.58	$13.56	$14.17	$19.54	$23.05
Tangible Book Value per Share	$2.96	$3.08	$5.22	$3.32	$5.04	$7.62	$9.60	$9.48	$14.73	$18.22
Total Capital	12,710	10,938	14,912	12,457	13,527	16,026	17,699	17,651	21,910	25,260
Total Debt	5,097	3,721	5,563	5,612	5,313	5,448	5,452	5,457	5,561	6,259
Total Long-Term Debt	3,897	3,721	5,563	5,612	4,713	5,448	5,452	5,457	5,461	5,460
Net Debt	-814	-957	-2,856	14	-8.00	-1,828	-2,062	896	-3,589	-5,999
Capital Expenditures (CapEx)	215	253	345	622	441	422	668	787	1,106	1,190
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,698	972	1,527	2,652	2,741	3,172	4,304	5,965	5,006	4,080
Debt-free Net Working Capital (DFNWC)	6,663	4,721	8,803	6,682	6,359	8,910	9,763	8,546	11,875	13,551
Net Working Capital (NWC)	5,463	4,721	8,803	6,682	5,759	8,910	9,763	8,546	11,775	12,752
Net Nonoperating Expense (NNE)	82	119	111	66	67	173	103	162	-55	-251
Net Nonoperating Obligations (NNO)	-814	-957	-2,856	14	-8.00	-1,828	-2,062	896	-3,589	-5,999
Total Depreciation and Amortization (D&A)	371	389	407	457	363	376	394	444	515	392
Debt-free, Cash-free Net Working Capital to Revenue	17.58%	8.98%	10.39%	15.88%	18.76%	18.44%	18.66%	23.13%	18.88%	15.01%
Debt-free Net Working Capital to Revenue	68.98%	43.61%	59.89%	40.00%	43.53%	51.80%	42.33%	33.14%	44.78%	49.86%
Net Working Capital to Revenue	56.56%	43.61%	59.89%	40.00%	39.42%	51.80%	42.33%	33.14%	44.41%	46.92%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.13	$1.56	$3.20	$3.27	$2.89	$3.95	$6.47	$7.49	$8.16	$8.68
Adjusted Weighted Average Basic Shares Outstanding	1.21B	1.11B	1.07B	1.01B	937M	916M	910M	871M	840M	827M
Adjusted Diluted Earnings per Share	$1.12	$1.54	$3.17	$3.23	$2.86	$3.92	$6.40	$7.44	$8.11	$8.61
Adjusted Weighted Average Diluted Shares Outstanding	1.23B	1.12B	1.08B	1.03B	945M	923M	919M	877M	845M	834M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.15B	1.08B	1.06B	958.61M	915.30M	914.34M	888.51M	844.14M	831.07M	813.68M
Normalized Net Operating Profit after Tax (NOPAT)	1,459	1,840	3,630	3,104	2,773	3,792	6,261	6,684	6,801	6,926
Normalized NOPAT Margin	15.10%	17.00%	24.69%	18.58%	18.98%	22.04%	27.15%	25.92%	25.65%	25.49%
Pre Tax Income Margin	16.54%	18.60%	25.96%	26.32%	22.38%	24.22%	29.36%	29.47%	29.10%	30.00%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	16.51	13.99	20.27	19.79	14.79	18.36	29.69	34.33	33.42	34.00
NOPAT to Interest Expense	14.16	11.87	18.33	13.26	11.70	15.80	25.38	29.33	28.58	28.04
EBIT Less CapEx to Interest Expense	14.43	12.35	18.53	17.13	12.93	16.60	26.86	30.88	28.77	29.19
NOPAT Less CapEx to Interest Expense	12.08	10.24	16.59	10.61	9.84	14.04	22.55	25.88	23.93	23.22
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	35.37%	25.80%	12.22%	19.91%	28.49%	21.75%	14.23%	13.38%	14.22%	16.61%
Augmented Payout Ratio	131.59%	135.74%	45.52%	193.81%	117.29%	39.68%	77.92%	106.91%	46.15%	69.88%

This table displays calculated financial ratios and metrics derived from Applied Materials' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.23%	10.22%	7.46%	6.16%	-1.46%	-0.39%	-0.47%	0.24%	5.49%	4.79%	6.84%
EBITDA Growth	-5.15%	-1.80%	2.69%	-3.25%	-1.14%	10.85%	14.63%	9.25%	5.79%	-12.25%	-6.73%
EBIT Growth	-5.89%	-2.76%	1.92%	-4.37%	-2.66%	11.17%	16.93%	11.70%	8.41%	-12.06%	-7.58%
NOPAT Growth	-4.83%	-5.30%	-6.23%	8.52%	-6.25%	11.72%	-0.03%	-2.51%	8.53%	2.77%	-29.47%
Net Income Growth	-6.41%	-7.07%	-4.19%	2.54%	-2.86%	25.96%	17.59%	9.33%	9.29%	-13.62%	-41.31%
EPS Growth	-1.07%	-1.60%	1.00%	6.90%	0.00%	28.65%	19.31%	10.75%	10.81%	-12.18%	-39.83%
Operating Cash Flow Growth	-12.87%	-25.35%	-14.60%	452.29%	75.83%	81.45%	2.42%	-39.27%	-7.67%	65.59%	-60.22%
Free Cash Flow Firm Growth	-182.56%	-550.01%	-271.06%	111.39%	256.05%	268.21%	226.97%	2,725.00%	-50.51%	-24.28%	-108.70%
Invested Capital Growth	27.70%	28.52%	35.08%	15.03%	0.91%	-2.52%	-2.73%	4.39%	8.08%	1.90%	11.10%
Revenue Q/Q Growth	4.40%	3.51%	-0.15%	-1.62%	-3.09%	4.64%	-0.24%	-0.91%	1.99%	3.94%	1.72%
EBITDA Q/Q Growth	-0.39%	5.14%	0.52%	-8.08%	1.78%	17.88%	3.94%	-12.39%	-1.44%	-2.22%	10.48%
EBIT Q/Q Growth	-0.26%	4.64%	0.70%	-9.01%	1.52%	19.51%	5.92%	-13.08%	-1.46%	-3.06%	11.32%
NOPAT Q/Q Growth	6.38%	-1.97%	5.97%	-1.80%	-8.10%	16.83%	-5.18%	-4.25%	2.31%	10.63%	-34.92%
Net Income Q/Q Growth	4.56%	-0.93%	7.92%	-8.27%	-0.95%	28.46%	0.75%	-14.71%	-0.99%	1.52%	-31.54%
EPS Q/Q Growth	6.32%	0.00%	9.19%	-7.92%	-0.54%	28.65%	1.26%	-14.52%	-0.49%	1.95%	-30.62%
Operating Cash Flow Q/Q Growth	253.98%	-41.66%	164.88%	0.97%	12.70%	-39.80%	49.52%	-40.13%	71.34%	7.97%	-64.08%
Free Cash Flow Firm Q/Q Growth	-172.61%	-37.69%	-28.10%	102.37%	3,633.91%	48.43%	-3.31%	-47.28%	-34.59%	127.12%	-111.11%
Invested Capital Q/Q Growth	8.37%	9.71%	-1.13%	-2.14%	-4.93%	5.98%	-1.34%	5.02%	-1.57%	-0.08%	7.57%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	46.10%	45.95%	46.67%	46.67%	46.32%	47.14%	47.77%	47.44%	47.29%	47.34%	48.79%
EBITDA Margin	31.06%	31.55%	31.76%	29.67%	31.16%	35.10%	36.57%	32.34%	31.25%	29.40%	31.93%
Operating Margin	29.51%	29.55%	29.23%	28.82%	28.05%	29.32%	29.33%	28.77%	28.65%	29.04%	30.35%
EBIT Margin	29.40%	29.72%	29.97%	27.72%	29.04%	33.17%	35.22%	30.89%	29.85%	27.84%	30.46%
Profit (Net Income) Margin	24.63%	23.57%	25.48%	23.76%	24.28%	29.81%	30.10%	25.91%	25.15%	24.57%	16.54%
Tax Burden Percent	86.30%	81.63%	87.56%	88.63%	86.38%	92.27%	87.67%	86.36%	86.99%	91.35%	55.92%
Interest Burden Percent	97.08%	97.16%	97.08%	96.68%	96.78%	97.40%	97.50%	97.13%	96.89%	96.63%	97.07%
Effective Tax Rate	13.70%	18.37%	12.44%	11.37%	13.62%	7.73%	12.33%	13.64%	13.01%	8.65%	44.08%
Return on Invested Capital (ROIC)	60.23%	53.44%	59.67%	57.49%	53.65%	55.50%	53.34%	50.87%	53.43%	55.97%	35.30%
ROIC Less NNEP Spread (ROIC-NNEP)	64.04%	59.74%	60.23%	69.17%	53.44%	41.72%	42.27%	48.67%	53.08%	58.85%	35.96%
Return on Net Nonoperating Assets (RNNOA)	-7.58%	-2.85%	-6.63%	-5.47%	-6.28%	-3.94%	-7.29%	-9.70%	-13.89%	-15.96%	-9.45%
Return on Equity (ROE)	52.65%	50.59%	53.04%	52.02%	47.37%	51.56%	46.06%	41.17%	39.54%	40.01%	25.85%
Cash Return on Invested Capital (CROIC)	39.39%	32.50%	28.53%	42.66%	54.17%	55.17%	56.01%	47.89%	47.21%	51.89%	37.86%
Operating Return on Assets (OROA)	29.21%	29.17%	29.48%	27.07%	27.25%	30.62%	31.35%	26.82%	25.02%	23.23%	25.95%
Return on Assets (ROA)	24.48%	23.13%	25.06%	23.20%	22.78%	27.51%	26.80%	22.50%	21.09%	20.50%	14.09%
Return on Common Equity (ROCE)	52.65%	50.59%	53.04%	52.02%	47.37%	51.56%	46.06%	41.17%	39.54%	40.01%	25.85%
Return on Equity Simple (ROE_SIMPLE)	55.06%	0.00%	48.06%	45.93%	42.69%	0.00%	41.07%	40.14%	39.54%	0.00%	34.06%
Net Operating Profit after Tax (NOPAT)	1,660	1,628	1,725	1,694	1,557	1,819	1,724	1,651	1,689	1,869	1,216
NOPAT Margin	25.47%	24.12%	25.60%	25.55%	24.23%	27.05%	25.71%	24.84%	24.92%	26.53%	16.97%
Net Nonoperating Expense Percent (NNEP)	-3.81%	-6.30%	-0.57%	-11.68%	0.22%	13.77%	11.08%	2.20%	0.35%	-2.88%	-0.66%
Return On Investment Capital (ROIC_SIMPLE)	-	9.22%	-	-	-	8.30%	7.50%	-	-	7.40%	4.89%
Cost of Revenue to Revenue	53.90%	54.05%	53.33%	53.33%	53.68%	52.86%	52.23%	52.56%	52.71%	52.66%	51.21%
SG&A Expenses to Revenue	3.02%	2.93%	3.07%	3.23%	3.33%	3.23%	4.12%	3.72%	3.28%	3.07%	3.57%
R&D to Revenue	10.81%	10.76%	11.44%	11.69%	11.94%	11.74%	11.24%	11.81%	12.33%	12.18%	11.99%
Operating Expenses to Revenue	16.60%	16.40%	17.44%	17.84%	18.27%	17.82%	18.44%	18.67%	18.63%	18.30%	18.43%
Earnings before Interest and Taxes (EBIT)	1,917	2,006	2,020	1,838	1,866	2,230	2,362	2,053	2,023	1,961	2,183
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,025	2,129	2,140	1,967	2,002	2,360	2,453	2,149	2,118	2,071	2,288
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	7.49	6.21	6.97	6.68	8.37	6.65	7.93	9.25	9.06	8.07	8.14
Price to Tangible Book Value (P/TBV)	11.27	9.28	9.99	9.35	11.43	8.83	10.30	11.86	11.49	10.21	10.37
Price to Revenue (P/Rev)	3.59	2.94	3.56	3.54	4.76	4.10	5.22	6.35	6.35	5.64	5.49
Price to Earnings (P/E)	13.60	11.60	14.51	14.54	19.61	15.86	19.31	23.05	22.90	21.37	23.90
Dividend Yield	0.94%	1.14%	0.92%	0.93%	0.73%	0.89%	0.74%	0.63%	0.66%	0.77%	0.82%
Earnings Yield	7.35%	8.62%	6.89%	6.88%	5.10%	6.30%	5.18%	4.34%	4.37%	4.68%	4.18%
Enterprise Value to Invested Capital (EV/IC)	7.57	5.85	7.19	7.33	10.24	8.24	10.59	12.36	12.66	11.34	10.51
Enterprise Value to Revenue (EV/Rev)	3.59	2.97	3.55	3.49	4.65	3.97	5.04	6.17	6.14	5.42	5.32
Enterprise Value to EBITDA (EV/EBITDA)	10.86	9.26	11.18	11.24	14.97	12.42	15.19	18.23	18.15	16.77	17.04
Enterprise Value to EBIT (EV/EBIT)	11.45	9.79	11.84	11.94	15.95	13.22	16.08	19.20	19.01	17.55	17.88
Enterprise Value to NOPAT (EV/NOPAT)	13.32	11.45	14.16	13.85	18.68	15.46	19.62	24.19	23.93	21.28	22.86
Enterprise Value to Operating Cash Flow (EV/OCF)	15.86	14.19	18.58	13.49	15.41	12.09	15.23	20.80	21.52	16.99	20.20
Enterprise Value to Free Cash Flow (EV/FCFF)	21.54	20.25	28.98	18.39	18.99	14.75	18.66	26.36	27.87	22.05	29.21
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.45	0.45	0.42	0.40	0.37	0.34	0.32	0.31	0.33	0.33	0.34
Long-Term Debt to Equity	0.45	0.45	0.41	0.39	0.36	0.33	0.31	0.30	0.33	0.29	0.29
Financial Leverage	-0.12	-0.05	-0.11	-0.08	-0.12	-0.09	-0.17	-0.20	-0.26	-0.27	-0.26
Leverage Ratio	2.10	2.15	2.11	2.12	2.08	2.01	1.93	1.89	1.89	1.84	1.80
Compound Leverage Factor	2.04	2.09	2.05	2.05	2.02	1.96	1.88	1.83	1.83	1.78	1.75
Debt to Total Capital	31.13%	30.92%	29.65%	28.59%	27.27%	25.38%	24.19%	23.41%	24.93%	24.78%	25.16%
Short-Term Debt to Total Capital	0.00%	0.00%	1.04%	1.01%	0.96%	0.46%	0.44%	0.42%	0.39%	3.16%	3.21%
Long-Term Debt to Total Capital	31.13%	30.92%	28.61%	27.59%	26.31%	24.92%	23.76%	22.99%	24.54%	21.62%	21.94%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	68.87%	69.08%	70.35%	71.41%	72.73%	74.62%	75.81%	76.59%	75.07%	75.22%	74.84%
Debt to EBITDA	0.66	0.66	0.68	0.68	0.69	0.66	0.63	0.62	0.69	0.71	0.73
Net Debt to EBITDA	-0.02	0.11	-0.06	-0.18	-0.37	-0.42	-0.55	-0.56	-0.64	-0.68	-0.54
Long-Term Debt to EBITDA	0.66	0.66	0.66	0.66	0.66	0.64	0.62	0.61	0.68	0.62	0.63
Debt to NOPAT	0.81	0.82	0.86	0.84	0.86	0.82	0.82	0.82	0.91	0.90	0.97
Net Debt to NOPAT	-0.02	0.13	-0.07	-0.22	-0.46	-0.53	-0.71	-0.74	-0.85	-0.87	-0.72
Long-Term Debt to NOPAT	0.81	0.82	0.83	0.81	0.83	0.80	0.80	0.81	0.89	0.79	0.85
Altman Z-Score	7.40	6.71	7.42	7.27	8.38	8.09	9.44	10.91	10.40	9.42	9.82
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.26	2.16	2.31	2.26	2.30	2.60	2.71	2.80	2.86	2.51	2.68
Quick Ratio	1.24	1.17	1.30	1.35	1.43	1.63	1.72	1.79	1.95	1.74	1.84
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-928	-1,277	-1,636	39	1,448	2,149	2,077	1,095	716	1,627	-181
Operating Cash Flow to CapEx	699.52%	384.30%	790.94%	898.82%	1,012.94%	503.24%	1,015.28%	541.63%	803.03%	632.68%	242.78%
Free Cash Flow to Firm to Interest Expense	-16.56	-22.41	-27.73	0.64	24.13	37.04	35.21	18.56	11.37	24.65	-2.82
Operating Cash Flow to Interest Expense	26.23	15.04	38.47	37.57	43.05	26.81	39.41	23.59	37.86	39.02	14.45
Operating Cash Flow Less CapEx to Interest Expense	22.48	11.12	33.61	33.39	38.80	21.48	35.53	19.24	33.14	32.85	8.50
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.99	0.98	0.98	0.98	0.94	0.92	0.89	0.87	0.84	0.83	0.85
Accounts Receivable Turnover	5.73	4.68	5.36	5.12	5.21	4.72	5.25	5.15	5.27	5.23	5.17
Inventory Turnover	2.77	2.69	2.66	2.61	2.51	2.42	2.40	2.41	2.48	2.56	2.59
Fixed Asset Turnover	12.55	12.16	11.75	11.51	11.06	10.54	9.96	9.61	9.42	8.97	8.65
Accounts Payable Turnover	3.58	3.24	3.59	3.42	3.33	3.31	3.60	3.30	3.17	3.13	3.48
Days Sales Outstanding (DSO)	63.67	78.00	68.06	71.24	70.04	77.31	69.49	70.89	69.32	69.83	70.65
Days Inventory Outstanding (DIO)	131.83	135.51	137.19	139.81	145.15	150.53	152.06	151.63	147.02	142.46	140.82
Days Payable Outstanding (DPO)	101.95	112.54	101.61	106.74	109.46	110.20	101.35	110.46	115.20	116.52	105.03
Cash Conversion Cycle (CCC)	93.55	100.98	103.64	104.32	105.72	117.64	120.21	112.06	101.13	95.77	106.44
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	11,931	13,090	12,942	12,665	12,040	12,760	12,589	13,221	13,013	13,002	13,986
Invested Capital Turnover	2.37	2.22	2.33	2.25	2.21	2.05	2.07	2.05	2.14	2.11	2.08
Increase / (Decrease) in Invested Capital	2,588	2,905	3,361	1,655	109	-330	-353	556	973	242	1,397
Enterprise Value (EV)	90,265	76,597	93,106	92,890	123,293	105,163	133,377	163,380	164,798	147,408	146,967
Market Capitalization	90,404	75,701	93,584	94,354	126,346	108,752	138,217	168,358	170,625	153,407	151,606
Book Value per Share	$13.87	$14.17	$15.90	$16.72	$17.97	$19.54	$20.97	$21.90	$22.75	$23.05	$22.89
Tangible Book Value per Share	$9.22	$9.48	$11.10	$11.94	$13.17	$14.73	$16.14	$17.08	$17.93	$18.22	$17.97
Total Capital	17,526	17,651	19,077	19,787	20,752	21,910	22,991	23,761	25,097	25,260	24,885
Total Debt	5,456	5,457	5,657	5,658	5,659	5,561	5,562	5,562	6,257	6,259	6,260
Total Long-Term Debt	5,456	5,457	5,458	5,459	5,460	5,461	5,462	5,463	6,158	5,460	5,461
Net Debt	-139	896	-478	-1,464	-3,053	-3,589	-4,840	-4,978	-5,827	-5,999	-4,639
Capital Expenditures (CapEx)	210	223	287	255	255	309	229	257	297	407	381
Debt-free, Cash-free Net Working Capital (DFCFNWC)	5,053	5,965	5,617	5,003	4,319	5,006	4,714	4,923	4,439	4,080	5,544
Debt-free Net Working Capital (DFNWC)	8,601	8,546	9,664	10,101	10,854	11,875	12,206	12,480	13,542	13,551	13,757
Net Working Capital (NWC)	8,601	8,546	9,465	9,902	10,655	11,775	12,106	12,381	13,443	12,752	12,958
Net Nonoperating Expense (NNE)	54	37	7.88	119	-3.46	-185	-295	-71	-16	138	31
Net Nonoperating Obligations (NNO)	-139	896	-478	-1,464	-3,053	-3,589	-4,840	-4,978	-5,827	-5,999	-4,639
Total Depreciation and Amortization (D&A)	108	123	120	129	136	130	91	96	95	110	105
Debt-free, Cash-free Net Working Capital to Revenue	20.08%	23.13%	21.40%	18.78%	16.27%	18.88%	17.80%	18.58%	16.53%	15.01%	20.06%
Debt-free Net Working Capital to Revenue	34.19%	33.14%	36.81%	37.92%	40.89%	44.78%	46.09%	47.09%	50.43%	49.86%	49.78%
Net Working Capital to Revenue	34.19%	33.14%	36.05%	37.17%	40.14%	44.41%	45.71%	46.72%	50.06%	46.92%	46.89%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.86	$1.86	$2.03	$1.87	$1.86	$2.40	$2.43	$2.08	$2.06	$2.11	$1.46
Adjusted Weighted Average Basic Shares Outstanding	864M	871M	845M	843M	838M	840M	831M	830M	826M	827M	814M
Adjusted Diluted Earnings per Share	$1.85	$1.85	$2.02	$1.86	$1.85	$2.38	$2.41	$2.06	$2.05	$2.09	$1.45
Adjusted Weighted Average Diluted Shares Outstanding	869M	877M	849M	847M	843M	845M	837M	836M	833M	834M	819M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	860.31M	844.14M	845.12M	839.75M	836.53M	831.07M	830.90M	827.97M	824.40M	813.68M	812.44M
Normalized Net Operating Profit after Tax (NOPAT)	1,660	1,628	1,725	1,694	1,557	1,819	1,724	1,651	1,689	1,869	1,216
Normalized NOPAT Margin	25.47%	24.12%	25.60%	25.55%	24.23%	27.05%	25.71%	24.84%	24.92%	26.53%	16.97%
Pre Tax Income Margin	28.54%	28.88%	29.10%	26.80%	28.11%	32.31%	34.34%	30.00%	28.92%	26.90%	29.57%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	34.23	35.19	34.24	30.13	31.10	38.45	40.03	34.80	32.11	29.71	34.11
NOPAT to Interest Expense	29.65	28.56	29.24	27.77	25.94	31.35	29.23	27.99	26.81	28.32	19.00
EBIT Less CapEx to Interest Expense	30.48	31.28	29.37	25.95	26.85	33.12	36.15	30.44	27.40	23.55	28.16
NOPAT Less CapEx to Interest Expense	25.90	24.64	24.37	23.59	21.69	26.03	25.35	23.63	22.10	22.15	13.05
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	13.03%	13.38%	13.63%	13.67%	14.43%	14.22%	14.26%	14.62%	15.18%	16.61%	19.74%
Augmented Payout Ratio	104.86%	106.91%	84.17%	68.38%	60.83%	46.15%	51.13%	51.02%	56.54%	69.88%	89.75%

Frequently Asked Questions About Applied Materials' Financials

When does Applied Materials's financial year end?

According to the most recent income statement we have on file, Applied Materials' fiscal year ends in October. Their fiscal year 2024 ended on October 27, 2024.

How has Applied Materials' net income changed over the last 9 years?

Applied Materials' net income appears to be on an upward trend, with a most recent value of $7.18 billion in 2024, rising from $1.38 billion in 2015. The previous period was $6.86 billion in 2023.

What is Applied Materials's operating income?

Applied Materials's total operating income in 2024 was $7.87 billion, based on the following breakdown:

Total Gross Profit: $12.90 billion
Total Operating Expenses: $5.03 billion

How has Applied Materials revenue changed over the last 9 years?

Over the last 9 years, Applied Materials' total revenue changed from $9.66 billion in 2015 to $27.18 billion in 2024, a change of 181.4%.

How much debt does Applied Materials have?

Applied Materials' total liabilities were at $15.41 billion at the end of 2024, a 7.1% increase from 2023, and a 100.2% increase since 2015.

How much cash does Applied Materials have?

In the past 9 years, Applied Materials' cash and equivalents has ranged from $2.00 billion in 2022 to $8.02 billion in 2024, and is currently $8.02 billion as of their latest financial filing in 2024.

How has Applied Materials' book value per share changed over the last 9 years?

Over the last 9 years, Applied Materials' book value per share changed from 6.34 in 2015 to 23.05 in 2024, a change of 263.5%.

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This page (NASDAQ:AMAT) was last updated on 4/24/2025 by MarketBeat.com Staff

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Applied Materials (AMAT) Financials

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Applied Materials (AMAT) Financials

Annual Income Statements for Applied Materials

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