Applied Materials (AMAT) Financials

$155.11 -4.37 (-2.74%)

Closing price 04:00 PM Eastern

Extended Trading

$156.35 +1.24 (+0.80%)

As of 07:58 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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	10/27/2024	10/29/2023	10/30/2022	10/31/2021	10/25/2020	10/27/2019	10/28/2018	10/29/2017	10/30/2016	10/25/2015
Net Income / (Loss) Attributable to Common Shareholders	7,177	6,856	6,525	5,888	3,619	2,706	3,038	3,519	1,721	1,377
Consolidated Net Income / (Loss)	7,177	6,856	6,525	5,888	3,619	2,706	3,038	3,519	1,721	1,377
Net Income / (Loss) Continuing Operations	7,177	6,856	6,525	5,888	3,619	2,706	3,038	3,519	1,721	1,377
Total Pre-Tax Income	8,152	7,716	7,599	6,771	4,166	3,269	4,396	3,816	2,013	1,598
Total Operating Income	7,867	7,654	7,788	6,889	4,365	3,350	4,491	3,936	2,152	1,693
Total Gross Profit	12,897	12,384	11,993	10,914	7,692	6,386	7,517	6,612	4,511	3,952
Total Revenue	27,176	26,517	25,785	23,063	17,202	14,608	16,705	14,698	10,825	9,659
Operating Revenue	27,176	26,517	25,785	23,063	17,202	14,608	16,705	14,698	10,825	9,659
Total Cost of Revenue	14,279	14,133	13,792	12,149	9,510	8,222	9,188	8,086	6,314	5,707
Operating Cost of Revenue	14,279	14,133	13,792	12,149	9,510	8,222	9,188	8,086	6,314	5,707
Total Operating Expenses	5,030	4,730	4,205	4,025	3,327	3,036	3,026	2,676	2,359	2,259
Selling, General & Admin Expense	961	852	735	620	567	461	483	438	390	469
Marketing Expense	836	776	703	609	526	521	521	457	429	428
Research & Development Expense	3,233	3,102	2,771	2,485	2,234	2,054	2,022	1,781	1,540	1,451
Restructuring Charge	0.00	0.00	-4.00	157	0.00	0.00	-	-	-	-
Total Other Income / (Expense), net	285	62	-189	-118	-199	-81	-95	-120	-139	-95
Interest Expense	247	238	228	236	240	237	234	198	155	103
Other Income / (Expense), net	532	300	39	118	41	156	139	78	16	8.00
Income Tax Expense	975	860	1,074	883	547	563	1,358	297	292	221
Basic Earnings per Share	$8.68	$8.16	$7.49	$6.47	$3.95	$2.89	$3.00	$3.28	$1.56	$1.13
Weighted Average Basic Shares Outstanding	827M	840M	871M	910M	916M	937M	1.01B	1.07B	1.11B	1.21B
Diluted Earnings per Share	$8.61	$8.11	$7.44	$6.40	$3.92	$2.86	$2.96	$3.25	$1.54	$1.12
Weighted Average Diluted Shares Outstanding	834M	845M	877M	919M	923M	945M	1.03B	1.08B	1.12B	1.23B
Weighted Average Basic & Diluted Shares Outstanding	813.68M	831.07M	844.14M	888.51M	914.34M	915.30M	1.01B	1.07B	1.10B	1.22B
Cash Dividends to Common per Share	$1.52	$1.22	$1.02	$0.94	$0.87	$0.83	$0.70	$0.40	$0.40	$0.10

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	1/26/2025	10/27/2024	7/28/2024	4/28/2024	1/28/2024	10/29/2023	7/30/2023	4/30/2023	1/29/2023	10/30/2022	7/31/2022
Net Income / (Loss) Attributable to Common Shareholders	1,185	1,731	1,705	1,722	2,019	2,004	1,560	1,575	1,717	1,591	1,606
Consolidated Net Income / (Loss)	1,185	1,731	1,705	1,722	2,019	2,004	1,560	1,575	1,717	1,591	1,606
Net Income / (Loss) Continuing Operations	1,185	1,731	1,705	1,722	2,019	2,004	1,560	1,575	1,717	1,591	1,606
Total Pre-Tax Income	2,119	1,895	1,960	1,994	2,303	2,172	1,806	1,777	1,961	1,949	1,861
Total Operating Income	2,175	2,046	1,942	1,912	1,967	1,971	1,802	1,911	1,970	1,994	1,924
Total Gross Profit	3,496	3,335	3,205	3,153	3,204	3,169	2,976	3,094	3,145	3,101	3,006
Total Revenue	7,166	7,045	6,778	6,646	6,707	6,723	6,425	6,630	6,739	6,749	6,520
Operating Revenue	7,166	7,045	6,778	6,646	6,707	6,723	6,425	6,630	6,739	6,749	6,520
Total Cost of Revenue	3,670	3,710	3,573	3,493	3,503	3,554	3,449	3,536	3,594	3,648	3,514
Operating Cost of Revenue	3,670	3,710	3,573	3,493	3,503	3,554	3,449	3,536	3,594	3,648	3,514
Total Operating Expenses	1,321	1,289	1,263	1,241	1,237	1,198	1,174	1,183	1,175	1,107	1,082
Selling, General & Admin Expense	256	216	222	247	276	217	214	214	207	198	197
Marketing Expense	206	215	205	209	207	192	193	194	197	183	180
Research & Development Expense	859	858	836	785	754	789	767	775	771	726	705
Total Other Income / (Expense), net	-56	-151	18	82	336	201	4.00	-134	-9.00	-45	-63
Interest Expense	64	66	63	59	59	58	60	61	59	57	56
Other Income / (Expense), net	8.00	-85	81	141	395	259	64	-73	50	12	-7.00
Income Tax Expense	934	164	255	272	284	168	246	202	244	358	255
Basic Earnings per Share	$1.46	$2.11	$2.06	$2.08	$2.43	$2.40	$1.86	$1.87	$2.03	$1.86	$1.86
Weighted Average Basic Shares Outstanding	814M	827M	826M	830M	831M	840M	838M	843M	845M	871M	864M
Diluted Earnings per Share	$1.45	$2.09	$2.05	$2.06	$2.41	$2.38	$1.85	$1.86	$2.02	$1.85	$1.85
Weighted Average Diluted Shares Outstanding	819M	834M	833M	836M	837M	845M	843M	847M	849M	877M	869M
Weighted Average Basic & Diluted Shares Outstanding	812.44M	813.68M	824.40M	827.97M	830.90M	831.07M	836.53M	839.75M	845.12M	844.14M	860.31M
Cash Dividends to Common per Share	$0.40	-	$0.40	$0.40	$0.32	-	$0.32	$0.32	$0.26	-	$0.26

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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	10/27/2024	10/29/2023	10/30/2022	10/31/2021	10/25/2020	10/27/2019	10/28/2018	10/29/2017	10/30/2016	10/25/2015
Net Change in Cash & Equivalents	1,880	4,133	-3,001	-365	2,337	-311	-1,570	1,604	-1,391	1,795
Net Cash From Operating Activities	8,677	8,700	5,399	5,442	3,804	3,247	3,787	3,789	2,566	1,163
Net Cash From Continuing Operating Activities	8,677	8,700	5,399	5,442	3,804	3,247	3,787	3,789	2,566	1,163
Net Income / (Loss) Continuing Operations	7,177	6,856	6,525	5,888	3,619	2,706	3,038	3,519	1,721	1,377
Consolidated Net Income / (Loss)	7,177	6,856	6,525	5,888	3,619	2,706	3,038	3,519	1,721	1,377
Depreciation Expense	392	515	444	394	376	363	457	407	389	371
Non-Cash Adjustments To Reconcile Net Income	451	323	409	494	291	263	258	353	201	131
Changes in Operating Assets and Liabilities, net	657	1,006	-1,979	-1,334	-482	-93	34	-490	255	-716
Net Cash From Investing Activities	-2,327	-1,535	-1,357	-1,216	-130	-443	571	-2,526	-425	-281
Net Cash From Continuing Investing Activities	-2,327	-1,535	-1,357	-1,216	-130	-443	571	-2,526	-425	-281
Purchase of Property, Plant & Equipment	-1,190	-1,106	-787	-668	-422	-441	-622	-345	-253	-215
Acquisitions	0.00	-25	-441	-12	-107	-28	-6.00	-68	-16	-4.00
Purchase of Investments	-3,588	-1,672	-1,492	-2,007	-1,355	-1,914	-2,077	-4,856	-1,390	-1,162
Sale and/or Maturity of Investments	2,451	1,268	1,363	1,471	1,754	1,940	3,276	2,743	1,234	1,100
Net Cash From Financing Activities	-4,470	-3,032	-7,043	-4,591	-1,337	-3,115	-5,928	341	-3,532	913
Net Cash From Continuing Financing Activities	-4,470	-3,032	-7,043	-4,591	-1,337	-3,115	-5,928	341	-3,532	913
Repayment of Debt	-502	-907	0.00	0.00	-2,882	0.00	0.00	-205	-1,207	0.00
Repurchase of Common Equity	-3,823	-2,189	-6,103	-3,750	-649	-2,403	-5,283	-1,172	-1,892	-1,325
Payment of Dividends	-1,192	-975	-873	-838	-787	-771	-605	-430	-444	-487
Issuance of Debt	1,095	991	0.00	0.00	2,979	0.00	0.00	2,176	0.00	2,581
Issuance of Common Equity	243	227	199	175	174	145	124	97	88	88
Other Financing Activities, net	-291	-179	-266	-178	-172	-86	-164	-125	-77	56
Cash Interest Paid	205	205	205	205	219	219	219	186	151	92
Cash Income Taxes Paid	957	1,006	1,869	851	542	522	300	194	157	407

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	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	1/26/2025	10/27/2024	7/28/2024	4/28/2024	1/28/2024	10/29/2023	7/30/2023	4/30/2023	1/29/2023	10/30/2022	7/31/2022
Net Change in Cash & Equivalents	-1,758	-265	1,203	221	721	100	1,438	1,042	1,553	-960	-375
Net Cash From Operating Activities	925	2,575	2,385	1,392	2,325	1,555	2,583	2,292	2,270	857	1,469
Net Cash From Continuing Operating Activities	925	2,575	2,385	1,392	2,325	1,555	2,583	2,292	2,270	857	1,469
Net Income / (Loss) Continuing Operations	1,185	1,731	1,705	1,722	2,019	2,004	1,560	1,575	1,717	1,591	1,606
Consolidated Net Income / (Loss)	1,185	1,731	1,705	1,722	2,019	2,004	1,560	1,575	1,717	1,591	1,606
Depreciation Expense	105	110	95	96	91	130	136	129	120	123	108
Non-Cash Adjustments To Reconcile Net Income	195	15	132	134	170	-52	114	113	148	99	95
Changes in Operating Assets and Liabilities, net	-560	719	453	-560	45	-527	773	475	285	-956	-340
Net Cash From Investing Activities	-897	-1,071	-660	-149	-447	-489	-425	-322	-299	-190	-616
Net Cash From Continuing Investing Activities	-897	-1,071	-660	-149	-447	-489	-425	-322	-299	-190	-616
Purchase of Property, Plant & Equipment	-381	-407	-297	-257	-229	-309	-255	-255	-287	-223	-210
Acquisitions	-28	-	-	-	0.00	-	-7.00	2.00	-20	-	-441
Purchase of Investments	-1,711	-1,620	-745	-474	-749	-477	-465	-324	-406	-317	-339
Sale and/or Maturity of Investments	1,223	956	382	582	531	297	302	255	414	350	374
Net Cash From Financing Activities	-1,786	-1,769	-522	-1,022	-1,157	-966	-720	-928	-418	-1,627	-1,228
Net Cash From Continuing Financing Activities	-1,786	-1,769	-522	-1,022	-1,157	-966	-720	-928	-418	-1,627	-1,228
Repayment of Debt	-200	-190	-99	-114	-99	-199	-299	-299	-110	-	-
Repurchase of Common Equity	-1,318	-1,442	-861	-820	-700	-700	-439	-800	-250	-1,500	-1,000
Payment of Dividends	-326	-329	-331	-266	-266	-268	-268	-219	-220	-223	-225
Issuance of Debt	200	101	794	100	100	99	297	297	298	-	-
Other Financing Activities, net	-142	-33	-25	-41	-192	-14	-11	-18	-136	-7.00	-3.00
Cash Interest Paid	52	68	35	68	34	68	35	68	34	68	35
Cash Income Taxes Paid	70	138	213	467	139	588	197	152	69	246	592

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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	10/27/2024	10/29/2023	10/30/2022	10/31/2021	10/25/2020	10/27/2019	10/28/2018	10/29/2017	10/30/2016	10/25/2015
Total Assets	34,409	30,729	26,726	25,825	22,353	19,024	17,633	19,419	14,570	15,308
Total Current Assets	21,220	19,147	15,925	16,107	13,369	10,206	10,604	12,918	8,353	9,261
Cash & Equivalents	8,022	6,132	1,995	4,995	5,351	3,129	3,440	5,010	3,406	4,797
Short-Term Investments	1,449	737	586	464	387	489	590	2,266	343	168
Accounts Receivable	5,234	5,165	6,068	4,953	2,963	2,533	2,323	2,338	2,279	1,739
Inventories, net	5,421	5,725	5,932	4,309	3,904	3,474	3,721	2,930	2,050	1,833
Other Current Assets	1,094	1,388	1,344	1,386	764	581	530	374	275	-
Plant, Property, & Equipment, net	3,339	2,723	2,307	1,934	1,604	1,529	1,407	1,066	937	892
Total Noncurrent Assets	9,850	8,859	8,494	7,784	7,380	7,289	5,622	5,435	5,280	5,155
Long-Term Investments	2,787	2,281	1,980	2,055	1,538	1,703	1,568	1,143	929	946
Goodwill	3,732	3,732	3,700	3,479	3,466	3,399	3,368	3,368	3,316	3,302
Intangible Assets	249	294	339	104	153	156	213	412	575	762
Noncurrent Deferred & Refundable Income Taxes	3,082	2,552	2,475	2,146	2,223	2,031	473	512	460	145
Total Liabilities & Shareholders' Equity	34,409	30,729	26,726	25,825	22,353	19,024	17,633	19,419	14,570	15,308
Total Liabilities	15,408	14,380	14,532	13,578	11,775	10,810	10,788	10,070	7,353	7,695
Total Current Liabilities	8,468	7,372	7,379	6,344	4,459	4,447	3,922	4,115	3,632	3,798
Short-Term Debt	799	100	0.00	-	-	600	0.00	-	-	1,200
Accounts Payable	4,820	4,297	4,237	4,268	3,138	2,511	2,721	2,450	2,256	1,833
Other Current Liabilities	2,849	2,975	3,142	2,076	1,321	1,336	1,201	-	-	-
Total Noncurrent Liabilities	6,940	7,008	7,153	7,234	7,316	6,363	6,866	5,955	3,721	3,897
Long-Term Debt	5,460	5,461	5,457	5,452	5,448	4,713	5,612	5,563	3,721	3,897
Noncurrent Deferred Revenue	670	833	964	1,090	1,206	1,275	1,254	-	-	-
Other Noncurrent Operating Liabilities	810	714	732	692	662	375	-	392	-	-
Total Equity & Noncontrolling Interests	19,001	16,349	12,194	12,247	10,578	8,214	6,845	9,349	7,217	7,613
Total Preferred & Common Equity	19,001	16,349	12,194	12,247	10,578	8,214	6,845	9,349	7,217	7,613
Total Common Equity	19,001	16,349	12,194	12,247	10,578	8,214	6,845	9,349	7,217	7,613
Common Stock	9,668	9,139	8,601	8,256	7,913	7,604	7,284	7,067	6,820	6,586
Retained Earnings	49,651	43,726	37,892	32,246	27,209	24,386	20,880	18,258	15,252	13,967
Accumulated Other Comprehensive Income / (Loss)	-168	-217	-202	-260	-299	-180	-125	-64	-115	-92
Other Equity Adjustments	-40,150	-	-34,097	-	-	-	-	-	-	-

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	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	1/26/2025	10/27/2024	7/28/2024	4/28/2024	1/28/2024	10/29/2023	7/30/2023	4/30/2023	1/29/2023	10/30/2022	7/31/2022
Total Assets	33,338	34,409	33,647	31,949	31,540	30,729	30,410	29,092	27,959	26,726	26,161
Total Current Assets	20,694	21,220	20,671	19,265	19,182	19,147	18,879	17,773	16,715	15,925	15,434
Cash & Equivalents	6,264	8,022	8,288	7,085	6,854	6,132	6,025	4,588	3,547	1,995	2,956
Short-Term Investments	1,949	1,449	815	472	638	737	510	510	500	586	592
Accounts Receivable	5,998	5,234	4,970	4,778	4,700	5,165	5,230	5,516	5,385	6,068	4,956
Inventories, net	5,501	5,421	5,568	5,691	5,646	5,725	5,809	5,940	6,054	5,932	5,506
Other Current Assets	982	1,094	1,030	1,239	1,344	1,388	1,305	1,219	1,229	1,344	1,424
Plant, Property, & Equipment, net	3,563	3,339	3,100	2,958	2,826	2,723	2,604	2,559	2,494	2,307	2,194
Total Noncurrent Assets	9,081	9,850	9,876	9,726	9,532	8,859	8,927	8,760	8,750	8,494	8,533
Long-Term Investments	2,686	2,787	2,981	2,983	2,910	2,281	2,177	2,024	2,088	1,980	2,047
Goodwill	3,768	3,732	3,732	3,732	3,732	3,732	3,732	3,711	3,718	3,700	3,713
Intangible Assets	237	249	262	273	283	294	305	328	332	339	337
Noncurrent Deferred & Refundable Income Taxes	2,390	3,082	2,901	2,738	2,607	2,552	2,713	2,697	2,612	2,475	2,436
Total Liabilities & Shareholders' Equity	33,338	34,409	33,647	31,949	31,540	30,729	30,410	29,092	27,959	26,726	26,161
Total Liabilities	14,713	15,408	14,807	13,750	14,111	14,380	15,317	14,963	14,539	14,532	14,091
Total Current Liabilities	7,736	8,468	7,228	6,884	7,076	7,372	8,224	7,871	7,250	7,379	6,833
Short-Term Debt	799	799	99	99	100	100	199	199	199	0.00	-
Accounts Payable	4,485	4,820	4,387	4,174	3,829	4,297	4,528	4,299	3,969	4,237	4,005
Current Deferred Revenue	2,452	-	-	-	-	-	-	-	-	-	-
Total Noncurrent Liabilities	6,977	6,940	7,579	6,866	7,035	7,008	7,093	7,092	7,289	7,153	7,258
Long-Term Debt	5,461	5,460	6,158	5,463	5,462	5,461	5,460	5,459	5,458	5,457	5,456
Noncurrent Deferred Revenue	684	670	671	656	850	833	818	822	975	964	955
Other Noncurrent Operating Liabilities	832	810	750	747	723	714	815	811	856	732	847
Total Equity & Noncontrolling Interests	18,625	19,001	18,840	18,199	17,429	16,349	15,093	14,129	13,420	12,194	12,070
Total Preferred & Common Equity	18,625	19,001	18,840	18,199	17,429	16,349	15,093	14,129	13,420	12,194	12,070
Total Common Equity	18,625	19,001	18,840	18,199	17,429	16,349	15,093	14,129	13,420	12,194	12,070
Common Stock	9,721	9,668	9,436	9,329	9,117	9,139	8,922	8,819	8,613	8,601	8,407
Retained Earnings	50,511	49,651	48,247	46,871	45,480	43,726	41,988	40,696	39,389	37,892	36,520
Treasury Stock	-41,464	-	-	-	-	-36,299	-35,594	-35,151	-34,347	-	-32,598
Accumulated Other Comprehensive Income / (Loss)	-143	-168	-146	-172	-166	-217	-223	-235	-235	-202	-259

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	10/27/2024	10/29/2023	10/30/2022	10/31/2021	10/25/2020	10/27/2019	10/28/2018	10/29/2017	10/30/2016	10/25/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.49%	2.84%	11.80%	34.07%	17.76%	-12.55%	13.65%	35.78%	12.07%	6.47%
EBITDA Growth	3.80%	2.39%	11.76%	54.77%	23.60%	-23.94%	15.06%	72.90%	23.41%	8.03%
EBIT Growth	5.59%	1.62%	11.70%	59.03%	25.67%	-24.28%	15.35%	85.15%	27.45%	10.24%
NOPAT Growth	1.84%	1.70%	11.63%	57.99%	36.74%	-10.65%	-14.49%	97.28%	26.11%	29.64%
Net Income Growth	4.68%	5.07%	10.82%	62.70%	33.74%	-10.93%	-13.67%	104.47%	24.98%	28.45%
EPS Growth	6.17%	9.01%	16.25%	63.27%	37.06%	-3.38%	-8.92%	111.04%	37.50%	28.74%
Operating Cash Flow Growth	-0.26%	61.14%	-0.79%	43.06%	17.15%	-14.26%	-0.05%	47.66%	120.64%	-35.39%
Free Cash Flow Firm Growth	-6.27%	88.53%	-16.98%	40.26%	127.75%	-47.91%	-19.40%	42.79%	160.31%	-41.99%
Invested Capital Growth	1.90%	-2.52%	28.52%	16.40%	6.63%	19.64%	5.64%	3.72%	-7.93%	8.71%
Revenue Q/Q Growth	1.20%	-0.10%	2.49%	6.63%	5.74%	-0.03%	-2.17%	6.01%	9.39%	1.09%
EBITDA Q/Q Growth	-3.18%	2.80%	-0.47%	11.60%	9.33%	-1.63%	-4.97%	11.14%	16.02%	0.49%
EBIT Q/Q Growth	-3.10%	2.90%	-0.72%	12.18%	10.07%	-1.02%	-5.72%	12.25%	19.19%	0.47%
NOPAT Q/Q Growth	0.57%	3.03%	-1.34%	10.13%	13.50%	-1.88%	-8.97%	13.53%	18.10%	6.93%
Net Income Q/Q Growth	-3.66%	6.41%	-1.82%	10.95%	13.59%	-2.13%	-9.26%	14.92%	18.94%	6.17%
EPS Q/Q Growth	-3.26%	6.99%	-0.40%	11.30%	13.95%	0.35%	-7.79%	16.07%	20.31%	6.67%
Operating Cash Flow Q/Q Growth	13.32%	8.72%	-5.11%	-2.98%	14.75%	-7.18%	10.76%	-4.73%	19.91%	5.82%
Free Cash Flow Firm Q/Q Growth	13.02%	9.84%	-9.73%	-5.46%	2.30%	31.30%	-9.06%	3.27%	60.63%	-23.87%
Invested Capital Q/Q Growth	-0.08%	5.98%	9.71%	9.01%	0.32%	-4.09%	0.63%	1.18%	-3.83%	5.71%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	47.46%	46.70%	46.51%	47.32%	44.72%	43.72%	45.00%	44.99%	41.67%	40.92%
EBITDA Margin	32.35%	31.94%	32.08%	32.09%	27.80%	26.49%	30.45%	30.08%	23.62%	21.45%
Operating Margin	28.95%	28.86%	30.20%	29.87%	25.38%	22.93%	26.88%	26.78%	19.88%	17.53%
EBIT Margin	30.91%	30.00%	30.35%	30.38%	25.61%	24.00%	27.72%	27.31%	20.03%	17.61%
Profit (Net Income) Margin	26.41%	25.86%	25.31%	25.53%	21.04%	18.52%	18.19%	23.94%	15.90%	14.26%
Tax Burden Percent	88.04%	88.85%	85.87%	86.96%	86.87%	82.78%	69.11%	92.22%	85.49%	86.17%
Interest Burden Percent	97.06%	97.01%	97.09%	96.63%	94.55%	93.24%	94.95%	95.07%	92.85%	93.94%
Effective Tax Rate	11.96%	11.15%	14.13%	13.04%	13.13%	17.22%	30.89%	7.78%	14.51%	13.83%
Return on Invested Capital (ROIC)	53.77%	52.62%	57.46%	63.28%	44.73%	36.81%	46.49%	56.92%	28.18%	22.35%
ROIC Less NNEP Spread (ROIC-NNEP)	48.54%	48.53%	85.30%	68.55%	63.56%	-2,198.18%	51.11%	62.73%	41.60%	29.10%
Return on Net Nonoperating Assets (RNNOA)	-13.16%	-4.58%	-4.07%	-11.68%	-6.21%	-0.88%	-8.97%	-14.44%	-4.97%	-4.56%
Return on Equity (ROE)	40.61%	48.04%	53.39%	51.59%	38.52%	35.94%	37.52%	42.48%	23.21%	17.79%
Cash Return on Invested Capital (CROIC)	51.89%	55.17%	32.50%	48.12%	38.31%	18.93%	41.01%	53.27%	36.43%	14.00%
Operating Return on Assets (OROA)	25.79%	27.69%	29.79%	29.09%	21.30%	19.13%	24.99%	23.62%	14.51%	11.94%
Return on Assets (ROA)	22.04%	23.87%	24.83%	24.44%	17.49%	14.76%	16.40%	20.71%	11.52%	9.67%
Return on Common Equity (ROCE)	40.61%	48.04%	53.39%	51.59%	38.52%	35.94%	37.52%	42.48%	23.21%	17.79%
Return on Equity Simple (ROE_SIMPLE)	37.77%	41.94%	53.51%	48.08%	34.21%	32.94%	44.38%	37.64%	23.85%	18.09%
Net Operating Profit after Tax (NOPAT)	6,926	6,801	6,687	5,991	3,792	2,773	3,104	3,630	1,840	1,459
NOPAT Margin	25.49%	25.65%	25.93%	25.98%	22.04%	18.98%	18.58%	24.69%	17.00%	15.10%
Net Nonoperating Expense Percent (NNEP)	5.23%	4.09%	-27.84%	-5.28%	-18.83%	2,235.00%	-4.62%	-5.80%	-13.42%	-6.74%
Return On Investment Capital (ROIC_SIMPLE)	27.42%	31.04%	37.89%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	52.54%	53.30%	53.49%	52.68%	55.28%	56.28%	55.00%	55.01%	58.33%	59.08%
SG&A Expenses to Revenue	3.54%	3.21%	2.85%	2.69%	3.30%	3.16%	2.89%	2.98%	3.60%	4.86%
R&D to Revenue	11.90%	11.70%	10.75%	10.77%	12.99%	14.06%	12.10%	12.12%	14.23%	15.02%
Operating Expenses to Revenue	18.51%	17.84%	16.31%	17.45%	19.34%	20.78%	18.11%	18.21%	21.79%	23.39%
Earnings before Interest and Taxes (EBIT)	8,399	7,954	7,827	7,007	4,406	3,506	4,630	4,014	2,168	1,701
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	8,791	8,469	8,271	7,401	4,782	3,869	5,087	4,421	2,557	2,072
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	8.07	6.65	6.21	9.82	5.09	5.97	4.34	5.97	3.92	2.32
Price to Tangible Book Value (P/TBV)	10.21	8.83	9.28	13.88	7.73	10.53	9.10	10.02	8.51	4.98
Price to Revenue (P/Rev)	5.64	4.10	2.94	5.22	3.13	3.36	1.78	3.80	2.61	1.83
Price to Earnings (P/E)	21.37	15.86	11.60	20.43	14.87	18.13	9.78	15.86	16.44	12.85
Dividend Yield	0.77%	0.89%	1.14%	0.69%	1.46%	1.54%	1.98%	0.76%	1.53%	2.72%
Earnings Yield	4.68%	6.30%	8.62%	4.90%	6.73%	5.51%	10.22%	6.31%	6.08%	7.79%
Enterprise Value to Invested Capital (EV/IC)	11.34	8.24	5.85	11.61	5.94	5.98	4.33	8.15	4.37	2.48
Enterprise Value to Revenue (EV/Rev)	5.42	3.97	2.97	5.13	3.02	3.36	1.78	3.60	2.52	1.75
Enterprise Value to EBITDA (EV/EBITDA)	16.77	12.42	9.26	15.97	10.87	12.68	5.84	11.98	10.69	8.14
Enterprise Value to EBIT (EV/EBIT)	17.55	13.22	9.79	16.87	11.80	13.99	6.42	13.19	12.61	9.92
Enterprise Value to NOPAT (EV/NOPAT)	21.28	15.46	11.45	19.73	13.71	17.69	9.58	14.59	14.86	11.57
Enterprise Value to Operating Cash Flow (EV/OCF)	16.99	12.09	14.19	21.72	13.66	15.11	7.85	13.97	10.65	14.51
Enterprise Value to Free Cash Flow (EV/FCFF)	22.05	14.75	20.25	25.95	16.00	34.40	10.86	15.59	11.49	18.46
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.33	0.34	0.45	0.45	0.52	0.65	0.82	0.60	0.52	0.67
Long-Term Debt to Equity	0.29	0.33	0.45	0.45	0.52	0.57	0.82	0.60	0.52	0.51
Financial Leverage	-0.27	-0.09	-0.05	-0.17	-0.10	0.00	-0.18	-0.23	-0.12	-0.16
Leverage Ratio	1.84	2.01	2.15	2.11	2.20	2.43	2.29	2.05	2.01	1.84
Compound Leverage Factor	1.79	1.95	2.09	2.04	2.08	2.27	2.17	1.95	1.87	1.73
Debt to Total Capital	24.78%	25.38%	30.92%	30.80%	33.99%	39.28%	45.05%	37.31%	34.02%	40.10%
Short-Term Debt to Total Capital	3.16%	0.46%	0.00%	0.00%	0.00%	4.44%	0.00%	0.00%	0.00%	9.44%
Long-Term Debt to Total Capital	21.62%	24.92%	30.92%	30.80%	33.99%	34.84%	45.05%	37.31%	34.02%	30.66%
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	75.22%	74.62%	69.08%	69.20%	66.01%	60.72%	54.95%	62.69%	65.98%	59.90%
Debt to EBITDA	0.71	0.66	0.66	0.74	1.14	1.37	1.10	1.26	1.46	2.46
Net Debt to EBITDA	-0.68	-0.42	0.11	-0.28	-0.38	0.00	0.00	-0.65	-0.37	-0.39
Long-Term Debt to EBITDA	0.62	0.64	0.66	0.74	1.14	1.22	1.10	1.26	1.46	1.88
Debt to NOPAT	0.90	0.82	0.82	0.91	1.44	1.92	1.81	1.53	2.02	3.49
Net Debt to NOPAT	-0.87	-0.53	0.13	-0.34	-0.48	0.00	0.00	-0.79	-0.52	-0.56
Long-Term Debt to NOPAT	0.79	0.80	0.82	0.91	1.44	1.70	1.81	1.53	2.02	2.67
Altman Z-Score	10.03	8.71	7.43	9.31	6.34	6.26	5.58	6.62	5.40	4.08
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	2.51	2.60	2.16	2.54	3.00	2.30	2.70	3.14	2.30	2.44
Quick Ratio	1.74	1.63	1.17	1.64	1.95	1.38	1.62	2.34	1.66	1.77
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	6,684	7,131	3,782	4,556	3,248	1,426	2,738	3,397	2,379	914
Operating Cash Flow to CapEx	729.16%	786.62%	686.02%	814.67%	901.42%	736.28%	608.84%	1,098.26%	1,014.23%	540.93%
Free Cash Flow to Firm to Interest Expense	27.06	29.96	16.59	19.30	13.53	6.02	11.70	17.15	15.35	8.87
Operating Cash Flow to Interest Expense	35.13	36.55	23.68	23.06	15.85	13.70	16.18	19.14	16.55	11.29
Operating Cash Flow Less CapEx to Interest Expense	30.31	31.91	20.23	20.23	14.09	11.84	13.53	17.39	14.92	9.20
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.83	0.92	0.98	0.96	0.83	0.80	0.90	0.86	0.72	0.68
Accounts Receivable Turnover	5.23	4.72	4.68	5.83	6.26	6.02	7.17	6.37	5.39	5.67
Inventory Turnover	2.56	2.42	2.69	2.96	2.58	2.29	2.76	3.25	3.25	3.36
Fixed Asset Turnover	8.97	10.54	12.16	13.04	10.98	9.95	13.51	14.68	11.84	11.02
Accounts Payable Turnover	3.13	3.31	3.24	3.28	3.37	3.14	3.55	3.44	3.09	3.07
Days Sales Outstanding (DSO)	69.83	77.31	78.00	62.64	58.31	60.67	50.92	57.33	67.74	64.41
Days Inventory Outstanding (DIO)	142.46	150.53	135.51	123.37	141.59	159.70	132.11	112.40	112.23	108.73
Days Payable Outstanding (DPO)	116.52	110.20	112.54	111.25	108.41	116.13	102.71	106.21	118.19	118.83
Cash Conversion Cycle (CCC)	95.77	117.64	100.98	74.76	91.49	104.24	80.32	63.51	61.79	54.31
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	13,002	12,760	13,090	10,185	8,750	8,206	6,859	6,493	6,260	6,799
Invested Capital Turnover	2.11	2.05	2.22	2.44	2.03	1.94	2.50	2.31	1.66	1.48
Increase / (Decrease) in Invested Capital	242	-330	2,905	1,435	544	1,347	366	233	-539	545
Enterprise Value (EV)	147,408	105,163	76,597	118,217	51,980	49,060	29,728	52,942	27,332	16,874
Market Capitalization	153,407	108,752	75,701	120,279	53,808	49,068	29,714	55,798	28,289	17,688
Book Value per Share	$23.05	$19.54	$14.17	$13.56	$11.58	$8.89	$6.96	$8.77	$6.68	$6.34
Tangible Book Value per Share	$18.22	$14.73	$9.48	$9.60	$7.62	$5.04	$3.32	$5.22	$3.08	$2.96
Total Capital	25,260	21,910	17,651	17,699	16,026	13,527	12,457	14,912	10,938	12,710
Total Debt	6,259	5,561	5,457	5,452	5,448	5,313	5,612	5,563	3,721	5,097
Total Long-Term Debt	5,460	5,461	5,457	5,452	5,448	4,713	5,612	5,563	3,721	3,897
Net Debt	-5,999	-3,589	896	-2,062	-1,828	-8.00	14	-2,856	-957	-814
Capital Expenditures (CapEx)	1,190	1,106	787	668	422	441	622	345	253	215
Debt-free, Cash-free Net Working Capital (DFCFNWC)	4,080	5,006	5,965	4,304	3,172	2,741	2,652	1,527	972	1,698
Debt-free Net Working Capital (DFNWC)	13,551	11,875	8,546	9,763	8,910	6,359	6,682	8,803	4,721	6,663
Net Working Capital (NWC)	12,752	11,775	8,546	9,763	8,910	5,759	6,682	8,803	4,721	5,463
Net Nonoperating Expense (NNE)	-251	-55	162	103	173	67	66	111	119	82
Net Nonoperating Obligations (NNO)	-5,999	-3,589	896	-2,062	-1,828	-8.00	14	-2,856	-957	-814
Total Depreciation and Amortization (D&A)	392	515	444	394	376	363	457	407	389	371
Debt-free, Cash-free Net Working Capital to Revenue	15.01%	18.88%	23.13%	18.66%	18.44%	18.76%	15.88%	10.39%	8.98%	17.58%
Debt-free Net Working Capital to Revenue	49.86%	44.78%	33.14%	42.33%	51.80%	43.53%	40.00%	59.89%	43.61%	68.98%
Net Working Capital to Revenue	46.92%	44.41%	33.14%	42.33%	51.80%	39.42%	40.00%	59.89%	43.61%	56.56%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$8.68	$8.16	$7.49	$6.47	$3.95	$2.89	$3.27	$3.20	$1.56	$1.13
Adjusted Weighted Average Basic Shares Outstanding	827M	840M	871M	910M	916M	937M	1.01B	1.07B	1.11B	1.21B
Adjusted Diluted Earnings per Share	$8.61	$8.11	$7.44	$6.40	$3.92	$2.86	$3.23	$3.17	$1.54	$1.12
Adjusted Weighted Average Diluted Shares Outstanding	834M	845M	877M	919M	923M	945M	1.03B	1.08B	1.12B	1.23B
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	813.68M	831.07M	844.14M	888.51M	914.34M	915.30M	958.61M	1.06B	1.08B	1.15B
Normalized Net Operating Profit after Tax (NOPAT)	6,926	6,801	6,684	6,261	3,792	2,773	3,104	3,630	1,840	1,459
Normalized NOPAT Margin	25.49%	25.65%	25.92%	27.15%	22.04%	18.98%	18.58%	24.69%	17.00%	15.10%
Pre Tax Income Margin	30.00%	29.10%	29.47%	29.36%	24.22%	22.38%	26.32%	25.96%	18.60%	16.54%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	34.00	33.42	34.33	29.69	18.36	14.79	19.79	20.27	13.99	16.51
NOPAT to Interest Expense	28.04	28.58	29.33	25.38	15.80	11.70	13.26	18.33	11.87	14.16
EBIT Less CapEx to Interest Expense	29.19	28.77	30.88	26.86	16.60	12.93	17.13	18.53	12.35	14.43
NOPAT Less CapEx to Interest Expense	23.22	23.93	25.88	22.55	14.04	9.84	10.61	16.59	10.24	12.08
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	16.61%	14.22%	13.38%	14.23%	21.75%	28.49%	19.91%	12.22%	25.80%	35.37%
Augmented Payout Ratio	69.88%	46.15%	106.91%	77.92%	39.68%	117.29%	193.81%	45.52%	135.74%	131.59%

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	1/26/2025	10/27/2024	7/28/2024	4/28/2024	1/28/2024	10/29/2023	7/30/2023	4/30/2023	1/29/2023	10/30/2022	7/31/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.84%	4.79%	5.49%	0.24%	-0.47%	-0.39%	-1.46%	6.16%	7.46%	10.22%	5.23%
EBITDA Growth	-6.73%	-12.25%	5.79%	9.25%	14.63%	10.85%	-1.14%	-3.25%	2.69%	-1.80%	-5.15%
EBIT Growth	-7.58%	-12.06%	8.41%	11.70%	16.93%	11.17%	-2.66%	-4.37%	1.92%	-2.76%	-5.89%
NOPAT Growth	-29.47%	2.77%	8.53%	-2.51%	-0.03%	11.72%	-6.25%	8.52%	-6.23%	-5.30%	-4.83%
Net Income Growth	-41.31%	-13.62%	9.29%	9.33%	17.59%	25.96%	-2.86%	2.54%	-4.19%	-7.07%	-6.41%
EPS Growth	-39.83%	-12.18%	10.81%	10.75%	19.31%	28.65%	0.00%	6.90%	1.00%	-1.60%	-1.07%
Operating Cash Flow Growth	-60.22%	65.59%	-7.67%	-39.27%	2.42%	81.45%	75.83%	452.29%	-14.60%	-25.35%	-12.87%
Free Cash Flow Firm Growth	-108.70%	-24.28%	-50.51%	2,725.00%	226.97%	268.21%	256.05%	111.39%	-271.06%	-550.01%	-182.56%
Invested Capital Growth	11.10%	1.90%	8.08%	4.39%	-2.73%	-2.52%	0.91%	15.03%	35.08%	28.52%	27.70%
Revenue Q/Q Growth	1.72%	3.94%	1.99%	-0.91%	-0.24%	4.64%	-3.09%	-1.62%	-0.15%	3.51%	4.40%
EBITDA Q/Q Growth	10.48%	-2.22%	-1.44%	-12.39%	3.94%	17.88%	1.78%	-8.08%	0.52%	5.14%	-0.39%
EBIT Q/Q Growth	11.32%	-3.06%	-1.46%	-13.08%	5.92%	19.51%	1.52%	-9.01%	0.70%	4.64%	-0.26%
NOPAT Q/Q Growth	-34.92%	10.63%	2.31%	-4.25%	-5.18%	16.83%	-8.10%	-1.80%	5.97%	-1.97%	6.38%
Net Income Q/Q Growth	-31.54%	1.52%	-0.99%	-14.71%	0.75%	28.46%	-0.95%	-8.27%	7.92%	-0.93%	4.56%
EPS Q/Q Growth	-30.62%	1.95%	-0.49%	-14.52%	1.26%	28.65%	-0.54%	-7.92%	9.19%	0.00%	6.32%
Operating Cash Flow Q/Q Growth	-64.08%	7.97%	71.34%	-40.13%	49.52%	-39.80%	12.70%	0.97%	164.88%	-41.66%	253.98%
Free Cash Flow Firm Q/Q Growth	-111.11%	127.12%	-34.59%	-47.28%	-3.31%	48.43%	3,633.91%	102.37%	-28.10%	-37.69%	-172.61%
Invested Capital Q/Q Growth	7.57%	-0.08%	-1.57%	5.02%	-1.34%	5.98%	-4.93%	-2.14%	-1.13%	9.71%	8.37%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	48.79%	47.34%	47.29%	47.44%	47.77%	47.14%	46.32%	46.67%	46.67%	45.95%	46.10%
EBITDA Margin	31.93%	29.40%	31.25%	32.34%	36.57%	35.10%	31.16%	29.67%	31.76%	31.55%	31.06%
Operating Margin	30.35%	29.04%	28.65%	28.77%	29.33%	29.32%	28.05%	28.82%	29.23%	29.55%	29.51%
EBIT Margin	30.46%	27.84%	29.85%	30.89%	35.22%	33.17%	29.04%	27.72%	29.97%	29.72%	29.40%
Profit (Net Income) Margin	16.54%	24.57%	25.15%	25.91%	30.10%	29.81%	24.28%	23.76%	25.48%	23.57%	24.63%
Tax Burden Percent	55.92%	91.35%	86.99%	86.36%	87.67%	92.27%	86.38%	88.63%	87.56%	81.63%	86.30%
Interest Burden Percent	97.07%	96.63%	96.89%	97.13%	97.50%	97.40%	96.78%	96.68%	97.08%	97.16%	97.08%
Effective Tax Rate	44.08%	8.65%	13.01%	13.64%	12.33%	7.73%	13.62%	11.37%	12.44%	18.37%	13.70%
Return on Invested Capital (ROIC)	35.30%	55.97%	53.43%	50.87%	53.34%	55.50%	53.65%	57.49%	59.67%	53.44%	60.23%
ROIC Less NNEP Spread (ROIC-NNEP)	35.96%	58.85%	53.08%	48.67%	42.27%	41.72%	53.44%	69.17%	60.23%	59.74%	64.04%
Return on Net Nonoperating Assets (RNNOA)	-9.45%	-15.96%	-13.89%	-9.70%	-7.29%	-3.94%	-6.28%	-5.47%	-6.63%	-2.85%	-7.58%
Return on Equity (ROE)	25.85%	40.01%	39.54%	41.17%	46.06%	51.56%	47.37%	52.02%	53.04%	50.59%	52.65%
Cash Return on Invested Capital (CROIC)	37.86%	51.89%	47.21%	47.89%	56.01%	55.17%	54.17%	42.66%	28.53%	32.50%	39.39%
Operating Return on Assets (OROA)	25.95%	23.23%	25.02%	26.82%	31.35%	30.62%	27.25%	27.07%	29.48%	29.17%	29.21%
Return on Assets (ROA)	14.09%	20.50%	21.09%	22.50%	26.80%	27.51%	22.78%	23.20%	25.06%	23.13%	24.48%
Return on Common Equity (ROCE)	25.85%	40.01%	39.54%	41.17%	46.06%	51.56%	47.37%	52.02%	53.04%	50.59%	52.65%
Return on Equity Simple (ROE_SIMPLE)	34.06%	0.00%	39.54%	40.14%	41.07%	0.00%	42.69%	45.93%	48.06%	0.00%	55.06%
Net Operating Profit after Tax (NOPAT)	1,216	1,869	1,689	1,651	1,724	1,819	1,557	1,694	1,725	1,628	1,660
NOPAT Margin	16.97%	26.53%	24.92%	24.84%	25.71%	27.05%	24.23%	25.55%	25.60%	24.12%	25.47%
Net Nonoperating Expense Percent (NNEP)	-0.66%	-2.88%	0.35%	2.20%	11.08%	13.77%	0.22%	-11.68%	-0.57%	-6.30%	-3.81%
Return On Investment Capital (ROIC_SIMPLE)	4.89%	7.40%	-	-	7.50%	8.30%	-	-	-	9.22%	-
Cost of Revenue to Revenue	51.21%	52.66%	52.71%	52.56%	52.23%	52.86%	53.68%	53.33%	53.33%	54.05%	53.90%
SG&A Expenses to Revenue	3.57%	3.07%	3.28%	3.72%	4.12%	3.23%	3.33%	3.23%	3.07%	2.93%	3.02%
R&D to Revenue	11.99%	12.18%	12.33%	11.81%	11.24%	11.74%	11.94%	11.69%	11.44%	10.76%	10.81%
Operating Expenses to Revenue	18.43%	18.30%	18.63%	18.67%	18.44%	17.82%	18.27%	17.84%	17.44%	16.40%	16.60%
Earnings before Interest and Taxes (EBIT)	2,183	1,961	2,023	2,053	2,362	2,230	1,866	1,838	2,020	2,006	1,917
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,288	2,071	2,118	2,149	2,453	2,360	2,002	1,967	2,140	2,129	2,025
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	8.14	8.07	9.06	9.25	7.93	6.65	8.37	6.68	6.97	6.21	7.49
Price to Tangible Book Value (P/TBV)	10.37	10.21	11.49	11.86	10.30	8.83	11.43	9.35	9.99	9.28	11.27
Price to Revenue (P/Rev)	5.49	5.64	6.35	6.35	5.22	4.10	4.76	3.54	3.56	2.94	3.59
Price to Earnings (P/E)	23.90	21.37	22.90	23.05	19.31	15.86	19.61	14.54	14.51	11.60	13.60
Dividend Yield	0.82%	0.77%	0.66%	0.63%	0.74%	0.89%	0.73%	0.93%	0.92%	1.14%	0.94%
Earnings Yield	4.18%	4.68%	4.37%	4.34%	5.18%	6.30%	5.10%	6.88%	6.89%	8.62%	7.35%
Enterprise Value to Invested Capital (EV/IC)	10.51	11.34	12.66	12.36	10.59	8.24	10.24	7.33	7.19	5.85	7.57
Enterprise Value to Revenue (EV/Rev)	5.32	5.42	6.14	6.17	5.04	3.97	4.65	3.49	3.55	2.97	3.59
Enterprise Value to EBITDA (EV/EBITDA)	17.04	16.77	18.15	18.23	15.19	12.42	14.97	11.24	11.18	9.26	10.86
Enterprise Value to EBIT (EV/EBIT)	17.88	17.55	19.01	19.20	16.08	13.22	15.95	11.94	11.84	9.79	11.45
Enterprise Value to NOPAT (EV/NOPAT)	22.86	21.28	23.93	24.19	19.62	15.46	18.68	13.85	14.16	11.45	13.32
Enterprise Value to Operating Cash Flow (EV/OCF)	20.20	16.99	21.52	20.80	15.23	12.09	15.41	13.49	18.58	14.19	15.86
Enterprise Value to Free Cash Flow (EV/FCFF)	29.21	22.05	27.87	26.36	18.66	14.75	18.99	18.39	28.98	20.25	21.54
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.34	0.33	0.33	0.31	0.32	0.34	0.37	0.40	0.42	0.45	0.45
Long-Term Debt to Equity	0.29	0.29	0.33	0.30	0.31	0.33	0.36	0.39	0.41	0.45	0.45
Financial Leverage	-0.26	-0.27	-0.26	-0.20	-0.17	-0.09	-0.12	-0.08	-0.11	-0.05	-0.12
Leverage Ratio	1.80	1.84	1.89	1.89	1.93	2.01	2.08	2.12	2.11	2.15	2.10
Compound Leverage Factor	1.75	1.78	1.83	1.83	1.88	1.96	2.02	2.05	2.05	2.09	2.04
Debt to Total Capital	25.16%	24.78%	24.93%	23.41%	24.19%	25.38%	27.27%	28.59%	29.65%	30.92%	31.13%
Short-Term Debt to Total Capital	3.21%	3.16%	0.39%	0.42%	0.44%	0.46%	0.96%	1.01%	1.04%	0.00%	0.00%
Long-Term Debt to Total Capital	21.94%	21.62%	24.54%	22.99%	23.76%	24.92%	26.31%	27.59%	28.61%	30.92%	31.13%
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	74.84%	75.22%	75.07%	76.59%	75.81%	74.62%	72.73%	71.41%	70.35%	69.08%	68.87%
Debt to EBITDA	0.73	0.71	0.69	0.62	0.63	0.66	0.69	0.68	0.68	0.66	0.66
Net Debt to EBITDA	-0.54	-0.68	-0.64	-0.56	-0.55	-0.42	-0.37	-0.18	-0.06	0.11	-0.02
Long-Term Debt to EBITDA	0.63	0.62	0.68	0.61	0.62	0.64	0.66	0.66	0.66	0.66	0.66
Debt to NOPAT	0.97	0.90	0.91	0.82	0.82	0.82	0.86	0.84	0.86	0.82	0.81
Net Debt to NOPAT	-0.72	-0.87	-0.85	-0.74	-0.71	-0.53	-0.46	-0.22	-0.07	0.13	-0.02
Long-Term Debt to NOPAT	0.85	0.79	0.89	0.81	0.80	0.80	0.83	0.81	0.83	0.82	0.81
Altman Z-Score	9.82	9.42	10.40	10.91	9.44	8.09	8.38	7.27	7.42	6.71	7.40
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	2.68	2.51	2.86	2.80	2.71	2.60	2.30	2.26	2.31	2.16	2.26
Quick Ratio	1.84	1.74	1.95	1.79	1.72	1.63	1.43	1.35	1.30	1.17	1.24
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-181	1,627	716	1,095	2,077	2,149	1,448	39	-1,636	-1,277	-928
Operating Cash Flow to CapEx	242.78%	632.68%	803.03%	541.63%	1,015.28%	503.24%	1,012.94%	898.82%	790.94%	384.30%	699.52%
Free Cash Flow to Firm to Interest Expense	-2.82	24.65	11.37	18.56	35.21	37.04	24.13	0.64	-27.73	-22.41	-16.56
Operating Cash Flow to Interest Expense	14.45	39.02	37.86	23.59	39.41	26.81	43.05	37.57	38.47	15.04	26.23
Operating Cash Flow Less CapEx to Interest Expense	8.50	32.85	33.14	19.24	35.53	21.48	38.80	33.39	33.61	11.12	22.48
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.85	0.83	0.84	0.87	0.89	0.92	0.94	0.98	0.98	0.98	0.99
Accounts Receivable Turnover	5.17	5.23	5.27	5.15	5.25	4.72	5.21	5.12	5.36	4.68	5.73
Inventory Turnover	2.59	2.56	2.48	2.41	2.40	2.42	2.51	2.61	2.66	2.69	2.77
Fixed Asset Turnover	8.65	8.97	9.42	9.61	9.96	10.54	11.06	11.51	11.75	12.16	12.55
Accounts Payable Turnover	3.48	3.13	3.17	3.30	3.60	3.31	3.33	3.42	3.59	3.24	3.58
Days Sales Outstanding (DSO)	70.65	69.83	69.32	70.89	69.49	77.31	70.04	71.24	68.06	78.00	63.67
Days Inventory Outstanding (DIO)	140.82	142.46	147.02	151.63	152.06	150.53	145.15	139.81	137.19	135.51	131.83
Days Payable Outstanding (DPO)	105.03	116.52	115.20	110.46	101.35	110.20	109.46	106.74	101.61	112.54	101.95
Cash Conversion Cycle (CCC)	106.44	95.77	101.13	112.06	120.21	117.64	105.72	104.32	103.64	100.98	93.55
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	13,986	13,002	13,013	13,221	12,589	12,760	12,040	12,665	12,942	13,090	11,931
Invested Capital Turnover	2.08	2.11	2.14	2.05	2.07	2.05	2.21	2.25	2.33	2.22	2.37
Increase / (Decrease) in Invested Capital	1,397	242	973	556	-353	-330	109	1,655	3,361	2,905	2,588
Enterprise Value (EV)	146,967	147,408	164,798	163,380	133,377	105,163	123,293	92,890	93,106	76,597	90,265
Market Capitalization	151,606	153,407	170,625	168,358	138,217	108,752	126,346	94,354	93,584	75,701	90,404
Book Value per Share	$22.89	$23.05	$22.75	$21.90	$20.97	$19.54	$17.97	$16.72	$15.90	$14.17	$13.87
Tangible Book Value per Share	$17.97	$18.22	$17.93	$17.08	$16.14	$14.73	$13.17	$11.94	$11.10	$9.48	$9.22
Total Capital	24,885	25,260	25,097	23,761	22,991	21,910	20,752	19,787	19,077	17,651	17,526
Total Debt	6,260	6,259	6,257	5,562	5,562	5,561	5,659	5,658	5,657	5,457	5,456
Total Long-Term Debt	5,461	5,460	6,158	5,463	5,462	5,461	5,460	5,459	5,458	5,457	5,456
Net Debt	-4,639	-5,999	-5,827	-4,978	-4,840	-3,589	-3,053	-1,464	-478	896	-139
Capital Expenditures (CapEx)	381	407	297	257	229	309	255	255	287	223	210
Debt-free, Cash-free Net Working Capital (DFCFNWC)	5,544	4,080	4,439	4,923	4,714	5,006	4,319	5,003	5,617	5,965	5,053
Debt-free Net Working Capital (DFNWC)	13,757	13,551	13,542	12,480	12,206	11,875	10,854	10,101	9,664	8,546	8,601
Net Working Capital (NWC)	12,958	12,752	13,443	12,381	12,106	11,775	10,655	9,902	9,465	8,546	8,601
Net Nonoperating Expense (NNE)	31	138	-16	-71	-295	-185	-3.46	119	7.88	37	54
Net Nonoperating Obligations (NNO)	-4,639	-5,999	-5,827	-4,978	-4,840	-3,589	-3,053	-1,464	-478	896	-139
Total Depreciation and Amortization (D&A)	105	110	95	96	91	130	136	129	120	123	108
Debt-free, Cash-free Net Working Capital to Revenue	20.06%	15.01%	16.53%	18.58%	17.80%	18.88%	16.27%	18.78%	21.40%	23.13%	20.08%
Debt-free Net Working Capital to Revenue	49.78%	49.86%	50.43%	47.09%	46.09%	44.78%	40.89%	37.92%	36.81%	33.14%	34.19%
Net Working Capital to Revenue	46.89%	46.92%	50.06%	46.72%	45.71%	44.41%	40.14%	37.17%	36.05%	33.14%	34.19%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.46	$2.11	$2.06	$2.08	$2.43	$2.40	$1.86	$1.87	$2.03	$1.86	$1.86
Adjusted Weighted Average Basic Shares Outstanding	814M	827M	826M	830M	831M	840M	838M	843M	845M	871M	864M
Adjusted Diluted Earnings per Share	$1.45	$2.09	$2.05	$2.06	$2.41	$2.38	$1.85	$1.86	$2.02	$1.85	$1.85
Adjusted Weighted Average Diluted Shares Outstanding	819M	834M	833M	836M	837M	845M	843M	847M	849M	877M	869M
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	812.44M	813.68M	824.40M	827.97M	830.90M	831.07M	836.53M	839.75M	845.12M	844.14M	860.31M
Normalized Net Operating Profit after Tax (NOPAT)	1,216	1,869	1,689	1,651	1,724	1,819	1,557	1,694	1,725	1,628	1,660
Normalized NOPAT Margin	16.97%	26.53%	24.92%	24.84%	25.71%	27.05%	24.23%	25.55%	25.60%	24.12%	25.47%
Pre Tax Income Margin	29.57%	26.90%	28.92%	30.00%	34.34%	32.31%	28.11%	26.80%	29.10%	28.88%	28.54%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	34.11	29.71	32.11	34.80	40.03	38.45	31.10	30.13	34.24	35.19	34.23
NOPAT to Interest Expense	19.00	28.32	26.81	27.99	29.23	31.35	25.94	27.77	29.24	28.56	29.65
EBIT Less CapEx to Interest Expense	28.16	23.55	27.40	30.44	36.15	33.12	26.85	25.95	29.37	31.28	30.48
NOPAT Less CapEx to Interest Expense	13.05	22.15	22.10	23.63	25.35	26.03	21.69	23.59	24.37	24.64	25.90
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	19.74%	16.61%	15.18%	14.62%	14.26%	14.22%	14.43%	13.67%	13.63%	13.38%	13.03%
Augmented Payout Ratio	89.75%	69.88%	56.54%	51.02%	51.13%	46.15%	60.83%	68.38%	84.17%	106.91%	104.86%

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. View Applied Materials' forecast to see where analysts expect Applied Materials to go next.

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 5/30/2025 by MarketBeat.com Staff

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Applied Materials (AMAT) Financials

Frequently Asked Questions About Applied Materials' Financials

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Applied Materials (AMAT) Financials

Annual Income Statements for Applied Materials

Quarterly Income Statements for Applied Materials

Annual Cash Flow Statements for Applied Materials

Quarterly Cash Flow Statements for Applied Materials

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Quarterly Balance Sheets for Applied Materials

Annual Metrics And Ratios for Applied Materials

Quarterly Metrics And Ratios for Applied Materials

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