ASML (ASML) Financials

$1,442.92 +56.71 (+4.09%)

Closing price 05/5/2026 04:00 PM Eastern

Extended Trading

$1,511.19 +68.27 (+4.73%)

As of 08:58 AM Eastern

Annual Income Statements for ASML

This table shows ASML's 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	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	1,507	1,639	2,483	2,966	2,897	4,341	6,659	6,017	8,672	7,837	11,278
Consolidated Net Income / (Loss)	1,507	1,639	2,483	2,966	2,897	4,341	6,659	6,017	8,672	7,837	11,278
Net Income / (Loss) Continuing Operations	1,507	1,639	2,483	2,966	2,876	4,341	6,659	6,017	8,672	7,837	11,278
Total Pre-Tax Income	1,683	1,885	2,870	3,361	3,021	4,907	7,589	6,907	10,048	9,360	13,386
Total Operating Income	1,701	1,850	2,931	3,394	3,049	4,949	7,640	6,954	10,003	9,339	13,263
Total Gross Profit	3,146	3,309	4,829	5,756	5,499	8,303	11,102	11,447	15,637	15,001	20,254
Total Revenue	6,832	7,233	10,766	12,526	13,265	17,076	21,064	22,651	30,485	29,255	38,338
Operating Revenue	6,832	7,233	10,766	12,526	13,265	17,076	21,064	22,651	30,485	29,255	38,338
Total Cost of Revenue	3,685	3,924	5,937	6,770	7,766	8,773	9,962	11,204	14,848	14,254	18,084
Operating Cost of Revenue	3,685	3,924	5,937	6,770	7,766	8,773	9,962	11,204	14,848	14,254	18,084
Total Operating Expenses	1,446	1,459	1,899	2,362	2,450	3,354	3,462	4,493	5,635	5,661	6,991
Selling, General & Admin Expense	376	394	500	559	584	666	821	1,012	1,231	1,207	1,476
Research & Development Expense	1,161	1,163	1,513	1,804	1,866	2,689	2,883	3,481	4,403	4,455	5,515
Total Other Income / (Expense), net	-18	35	-60	-32	-28	-43	-50	-48	46	20	123
Interest Expense	18	-35	60	32	-	43	50	48	-46	-20	-123
Income Tax Expense	175	247	368	402	145	674	1,156	1,038	1,588	1,740	2,363
Other Gains / (Losses), net	0.00	0.00	-20	7.10	-	108	225	148	212	217	254
Basic Earnings per Share	$3.22	$3.66	$4.81	$6.10	$6.13	$8.49	$14.36	$15.13	$22.02	$19.93	$29.02
Weighted Average Basic Shares Outstanding	430.60M	425.60M	429.80M	424.90M	420.80M	418.30M	409.80M	397.70M	393.80M	393.30M	388.50M
Diluted Earnings per Share	$3.21	$3.64	$4.79	$6.08	$6.12	$8.48	$14.34	$15.12	$22.00	$19.92	$29.00
Weighted Average Diluted Shares Outstanding	432.60M	427.70M	431.60M	426.40M	420.80M	419.10M	410.40M	398M	394.10M	393.60M	388.90M
Weighted Average Basic & Diluted Shares Outstanding	427.99M	429.94M	429.80M	424.90M	842.40M	418.30M	409.80M	394.59M	393.42M	393.28M	385.42M

No quarterly income statements for ASML are available.

This table details how cash moves in and out of ASML's 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	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	43	472	-778	987	461	3,081	998	339	-276	5,926	247
Net Cash From Operating Activities	2,201	1,753	2,184	3,517	4,102	5,653	12,275	9,079	6,021	11,558	14,856
Net Cash From Continuing Operating Activities	2,201	1,753	2,184	3,517	7,253	5,653	12,275	9,079	6,021	11,558	14,856
Net Income / (Loss) Continuing Operations	1,507	1,639	2,483	2,966	2,897	4,341	6,659	6,017	8,672	7,837	11,278
Consolidated Net Income / (Loss)	1,507	1,639	2,483	2,966	2,897	4,341	6,659	6,017	8,672	7,837	11,278
Depreciation Expense	323	375	502	484	930	600	533	624	818	951	1,204
Non-Cash Adjustments To Reconcile Net Income	352	154	256	122	715	63	21	-174	732	794	958
Changes in Operating Assets and Liabilities, net	19	-415	-1,056	-55	2,712	649	5,062	2,612	-4,200	1,975	1,417
Net Cash From Investing Activities	-1,260	-3,354	-1,476	-563	-1,642	-1,652	-81	-1,101	-2,975	-2,701	-4,434
Net Cash From Continuing Investing Activities	-1,260	-3,354	-1,476	-563	-1,644	-1,652	-81	-1,101	-2,975	-2,701	-4,434
Purchase of Property, Plant & Equipment	-404	-333	-407	-657	-860	-1,175	-1,019	-1,371	-2,385	-2,140	-1,847
Acquisitions	-1.20	-2,787	-1,248	-41	-	-320	-45	-40	-82	-16	-68
Purchase of Investments	-1,219	-2,667	-1,324	-1,054	-1,926	-1,802	-1,316	-358	-26	-861	-2,005
Sale and/or Maturity of Investments	364	2,441	1,502	1,184	1,144	1,660	2,067	925	139	316	6.22
Other Investing Activities, net	0.00	-7.78	1.20	5.04	-1.01	-15	-141	-257	-621	0.00	-520
Net Cash From Financing Activities	-906	2,066	-1,452	-1,973	-2,004	-920	-11,195	-7,637	-3,323	-2,932	-10,176
Net Cash From Continuing Financing Activities	-906	2,066	-1,452	-1,973	-2,004	-920	-11,195	-7,637	-3,323	-2,932	-10,176
Repayment of Debt	-3.91	-4.94	-292	-3.20	-86	-4.03	-14	-552	-833	-27	-1,252
Repurchase of Common Equity	-614	-421	-601	-1,312	-460	-1,475	-9,689	-4,964	-1,106	-518	-6,983
Payment of Dividends	-328	-469	-621	-683	-1,488	-1,303	-1,549	-2,738	-2,598	-2,539	-2,993
Issuance of Debt	0.00	2,347	-	0.00	0.00	1,816	0.00	530	1,104	23	885
Issuance of Common Equity	36	613	61	25	31	46	55	88	110	128	167
Cash Interest Paid	47	59	110	70	67	78	94	88	152	166	134
Cash Interest Received	-	-	-	43	44	39	41	45	211	175	236
Cash Income Taxes Paid	138	122	571	635	762	794	1,398	1,856	2,841	1,137	1,903

No quarterly cash flow statements for ASML are available.

This table presents ASML's 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	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	14,446	18,101	21,849	23,047	25,396	35,264	34,215	38,834	44,201	50,295	59,345
Total Current Assets	8,375	9,002	10,674	12,053	13,614	19,261	20,588	24,675	26,985	31,816	35,931
Cash & Equivalents	2,672	3,058	2,714	3,572	3,964	7,390	7,868	7,776	7,749	13,183	15,158
Short-Term Investments	1,032	1,210	1,236	1,045	1,331	1,638	723	115	5.97	5.59	476
Note & Lease Receivable	305	471	71	699	634	2,235	1,342	1,451	1,526	85	1,032
Accounts Receivable	873	737	2,091	1,715	2,005	1,601	3,427	5,695	4,794	4,635	3,548
Inventories, net	2,796	2,926	3,550	3,937	4,275	5,582	5,862	7,702	9,791	11,274	13,413
Prepaid Expenses	531	590	613	884	946	-	1,132	1,758	1,746	2,008	1,682
Current Deferred & Refundable Income Taxes	165	12	74	91	201	82	48	36	1,108	294	104
Other Current Assets	-	-	325	110	259	733	186	141	266	332	517
Plant, Property, & Equipment, net	1,761	1,775	1,923	1,819	2,244	3,018	3,376	4,220	6,077	7,087	9,264
Total Noncurrent Assets	4,310	7,323	9,252	9,174	9,538	12,985	10,252	9,940	11,140	11,392	14,150
Long-Term Investments	-	0.00	1,180	1,048	935	1,154	1,010	988	1,017	935	2,515
Noncurrent Note & Lease Receivables	135	123	191	315	606	489	574	390	1,095	1,836	1,957
Goodwill	2,852	5,127	5,455	5,197	5,096	5,681	5,156	4,874	5,076	4,750	5,385
Intangible Assets	802	1,392	1,401	1,264	1,239	3,242	1,078	901	820	643	634
Noncurrent Deferred & Refundable Income Taxes	32	37	38	270	500	986	1,244	1,790	2,071	2,009	2,018
Other Noncurrent Operating Assets	490	644	987	1,080	1,162	1,432	1,190	998	1,060	1,219	1,641
Total Liabilities & Shareholders' Equity	14,446	18,101	21,849	23,047	25,396	35,264	34,215	38,834	44,201	50,295	59,345
Total Liabilities	5,331	7,770	8,904	9,724	11,265	16,572	22,738	29,408	29,320	31,170	36,328
Total Current Liabilities	3,376	3,451	3,808	4,340	5,268	8,067	13,919	19,239	18,003	20,755	28,476
Short-Term Debt	4.58	261	30	0.00	0.00	43	576	798	0.11	1,046	1,974
Accounts Payable	574	624	1,006	1,103	1,192	1,683	2,395	2,744	2,597	3,623	4,133
Current Deferred & Payable Income Tax Liabilities	6.56	212	183	215	74	134	342	337	342	293	571
Other Current Liabilities	2,791	2,354	2,589	3,022	4,002	4,830	10,606	15,359	15,065	15,793	21,798
Total Noncurrent Liabilities	1,955	4,318	5,096	5,384	5,997	8,505	8,819	10,170	11,317	10,415	7,852
Long-Term Debt	1,223	3,232	3,604	3,464	3,488	5,696	4,612	3,759	5,123	3,806	3,179
Noncurrent Deferred & Payable Income Tax Liabilities	279	418	410	288	263	491	272	286	412	310	215
Other Noncurrent Operating Liabilities	450	648	1,083	1,632	2,245	2,318	3,935	6,124	5,782	6,298	4,458
Total Equity & Noncontrolling Interests	9,157	10,373	12,945	13,323	14,132	0.00	11,477	9,426	14,881	19,125	23,017
Total Preferred & Common Equity	9,157	10,373	12,945	13,323	14,132	18,692	11,477	9,426	14,881	19,125	23,017
Total Common Equity	9,115	10,331	12,945	13,323	14,132	0.00	11,477	9,426	14,881	19,125	23,017
Common Stock	3,378	3,927	4,530	4,326	4,276	-	4,428	4,255	4,463	4,228	4,861
Retained Earnings	5,742	6,609	8,783	10,527	10,688	-	9,414	9,678	13,694	14,920	20,640
Treasury Stock	-518	-838	-670	-1,856	-1,144	-	-2,742	-4,965	-3,657	-493	-2,644
Accumulated Other Comprehensive Income / (Loss)	513	632	302	326	312	-	377	458	382	470	159

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

Metric	Q4 2022	Q4 2023	Q4 2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Total Assets	38,834	44,201	50,295
Total Current Assets	24,675	26,985	31,816
Cash & Equivalents	7,776	7,749	13,183
Short-Term Investments	115	5.97	5.59
Note & Lease Receivable	1,451	1,526	85
Accounts Receivable	5,695	4,794	4,635
Inventories, net	7,702	9,791	11,274
Prepaid Expenses	1,758	1,746	2,008
Current Deferred & Refundable Income Taxes	36	1,108	294
Other Current Assets	141	266	332
Plant, Property, & Equipment, net	4,220	6,077	7,087
Total Noncurrent Assets	9,940	11,140	11,392
Long-Term Investments	988	1,017	935
Noncurrent Note & Lease Receivables	390	1,095	1,836
Goodwill	4,874	5,076	4,750
Intangible Assets	901	820	643
Noncurrent Deferred & Refundable Income Taxes	1,790	2,071	2,009
Other Noncurrent Operating Assets	998	1,060	1,219
Total Liabilities & Shareholders' Equity	38,834	44,201	50,295
Total Liabilities	29,408	29,320	31,170
Total Current Liabilities	19,239	18,003	20,755
Short-Term Debt	798	0.11	1,046
Accounts Payable	2,744	2,597	3,623
Current Deferred & Payable Income Tax Liabilities	337	342	293
Other Current Liabilities	15,359	15,065	15,793
Total Noncurrent Liabilities	10,170	11,317	10,415
Long-Term Debt	3,759	5,123	3,806
Noncurrent Deferred & Payable Income Tax Liabilities	286	412	310
Other Noncurrent Operating Liabilities	6,124	5,782	6,298
Total Equity & Noncontrolling Interests	9,426	14,881	19,125
Total Preferred & Common Equity	9,426	14,881	19,125
Total Common Equity	9,426	14,881	19,125
Common Stock	4,255	4,463	4,228
Retained Earnings	9,678	13,694	14,920
Treasury Stock	-4,965	-3,657	-493
Accumulated Other Comprehensive Income / (Loss)	458	382	470

This table displays calculated financial ratios and metrics derived from ASML's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-3.59%	5.87%	48.86%	16.34%	5.90%	28.73%	23.35%	7.54%	34.58%	-4.04%	31.05%
EBITDA Growth	8.80%	10.00%	54.23%	12.98%	1.54%	40.93%	47.29%	-7.27%	42.78%	-4.91%	40.59%
EBIT Growth	9.61%	8.78%	58.42%	15.80%	-11.38%	64.55%	54.36%	-8.97%	43.83%	-6.63%	42.02%
NOPAT Growth	4.50%	5.56%	58.92%	16.91%	-2.83%	47.08%	51.67%	-8.75%	42.50%	-9.71%	43.65%
Net Income Growth	4.10%	8.73%	51.49%	19.48%	-2.34%	49.87%	53.38%	-9.64%	44.12%	-9.62%	43.90%
EPS Growth	18.01%	13.40%	31.59%	26.93%	0.66%	38.56%	69.10%	5.41%	45.55%	-9.49%	45.62%
Operating Cash Flow Growth	77.42%	-20.37%	24.63%	61.01%	16.64%	37.81%	117.14%	-26.04%	-33.68%	91.95%	28.53%
Free Cash Flow Firm Growth	73.58%	-164.20%	150.53%	401.28%	-20.54%	-46.43%	868.06%	-42.39%	-70.86%	291.63%	19.75%
Invested Capital Growth	-7.20%	43.94%	19.82%	-2.86%	2.42%	25.10%	-50.42%	-27.74%	120.05%	-12.27%	1.68%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	46.06%	45.75%	44.85%	45.95%	41.46%	48.63%	52.71%	50.54%	51.29%	51.28%	52.83%
EBITDA Margin	29.61%	30.77%	31.88%	30.96%	29.68%	32.49%	38.80%	33.46%	35.50%	35.17%	37.74%
Operating Margin	24.89%	25.58%	27.22%	27.10%	22.98%	28.98%	36.27%	30.70%	32.81%	31.92%	34.60%
EBIT Margin	24.89%	25.58%	27.22%	27.10%	22.67%	28.98%	36.27%	30.70%	32.81%	31.92%	34.60%
Profit (Net Income) Margin	22.06%	22.66%	23.06%	23.68%	21.84%	25.42%	31.61%	26.56%	28.44%	26.79%	29.42%
Tax Burden Percent	89.58%	86.92%	86.49%	88.24%	95.89%	88.48%	87.74%	87.11%	86.30%	83.73%	84.25%
Interest Burden Percent	98.95%	101.92%	97.94%	99.05%	100.43%	99.14%	99.34%	99.31%	100.46%	100.22%	100.93%
Effective Tax Rate	10.42%	13.08%	12.81%	11.97%	4.79%	13.73%	15.23%	15.02%	15.81%	18.59%	17.65%
Return on Invested Capital (ROIC)	22.09%	19.86%	24.33%	26.47%	25.79%	33.31%	60.77%	97.12%	103.10%	72.12%	109.91%
ROIC Less NNEP Spread (ROIC-NNEP)	22.81%	18.01%	30.62%	27.63%	26.04%	34.55%	64.48%	94.67%	96.82%	68.50%	106.72%
Return on Net Nonoperating Assets (RNNOA)	-5.57%	-3.08%	-3.04%	-3.89%	-4.69%	28.13%	55.26%	-39.56%	-31.75%	-26.02%	-56.39%
Return on Equity (ROE)	16.52%	16.78%	21.29%	22.58%	21.10%	61.44%	116.03%	57.57%	71.35%	46.09%	53.52%
Cash Return on Invested Capital (CROIC)	29.56%	-16.16%	6.30%	29.38%	23.40%	11.01%	128.19%	129.34%	28.08%	85.19%	108.24%
Operating Return on Assets (OROA)	11.64%	11.37%	14.67%	15.12%	12.42%	16.32%	21.99%	19.04%	24.09%	19.77%	24.19%
Return on Assets (ROA)	10.32%	10.07%	12.43%	13.21%	11.96%	14.31%	19.17%	16.47%	20.89%	16.59%	20.57%
Return on Common Equity (ROCE)	16.48%	16.71%	21.26%	22.58%	21.10%	61.44%	116.03%	57.57%	71.35%	46.09%	53.52%
Return on Equity Simple (ROE_SIMPLE)	16.46%	15.80%	19.18%	22.26%	20.50%	23.23%	58.02%	63.83%	58.27%	40.98%	0.00%
Net Operating Profit after Tax (NOPAT)	1,523	1,608	2,555	2,988	2,903	4,270	6,476	5,910	8,422	7,604	10,922
NOPAT Margin	22.30%	22.23%	23.73%	23.85%	21.88%	25.00%	30.74%	26.09%	27.62%	25.99%	28.49%
Net Nonoperating Expense Percent (NNEP)	-0.72%	1.85%	-6.29%	-1.16%	-0.25%	-1.24%	-3.71%	2.45%	6.27%	3.62%	3.19%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	42.26%	42.10%	31.71%	38.77%
Cost of Revenue to Revenue	53.94%	54.25%	55.15%	54.05%	58.54%	51.37%	47.29%	49.46%	48.71%	48.72%	47.17%
SG&A Expenses to Revenue	5.50%	5.45%	4.65%	4.46%	4.40%	3.90%	3.90%	4.47%	4.04%	4.12%	3.85%
R&D to Revenue	16.99%	16.08%	14.05%	14.40%	14.07%	15.74%	13.69%	15.37%	14.44%	15.23%	14.38%
Operating Expenses to Revenue	21.16%	20.17%	17.63%	18.86%	18.47%	19.64%	16.44%	19.83%	18.48%	19.35%	18.23%
Earnings before Interest and Taxes (EBIT)	1,701	1,850	2,931	3,394	3,008	4,949	7,640	6,954	10,003	9,339	13,263
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,023	2,225	3,432	3,878	3,937	5,549	8,173	7,579	10,821	10,290	14,467
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.87	4.32	5.42	4.73	8.49	0.00	28.21	22.88	19.87	14.23	18.26
Price to Tangible Book Value (P/TBV)	6.46	11.72	11.53	9.18	15.38	0.00	61.75	59.06	32.91	19.81	24.72
Price to Revenue (P/Rev)	5.17	6.17	6.52	5.03	9.04	11.64	15.37	9.52	9.70	9.30	10.96
Price to Earnings (P/E)	23.42	27.25	28.27	21.24	41.41	45.80	48.62	35.84	34.10	34.72	37.26
Dividend Yield	0.93%	1.16%	0.80%	1.15%	1.23%	0.60%	0.51%	1.24%	0.86%	0.97%	0.69%
Earnings Yield	4.27%	3.67%	3.54%	4.71%	2.42%	2.18%	2.06%	2.79%	2.93%	2.88%	2.68%
Enterprise Value to Invested Capital (EV/IC)	4.94	4.59	6.00	5.47	10.29	13.64	45.21	41.39	26.00	26.67	40.64
Enterprise Value to Revenue (EV/Rev)	4.80	6.07	6.38	4.85	8.83	11.38	15.16	9.33	9.58	8.98	10.62
Enterprise Value to EBITDA (EV/EBITDA)	16.22	19.72	20.01	15.68	29.77	35.03	39.08	27.88	26.99	25.54	28.15
Enterprise Value to EBIT (EV/EBIT)	19.30	23.72	23.44	17.92	38.96	39.27	41.80	30.38	29.19	28.14	30.70
Enterprise Value to NOPAT (EV/NOPAT)	21.55	27.29	26.88	20.35	40.37	45.53	49.31	35.76	34.67	34.57	37.28
Enterprise Value to Operating Cash Flow (EV/OCF)	14.91	25.04	31.45	17.29	28.57	34.38	26.02	23.27	48.50	22.74	27.41
Enterprise Value to Free Cash Flow (EV/FCFF)	16.10	0.00	103.86	18.34	44.49	137.75	23.38	26.85	127.32	29.26	37.86
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.13	0.34	0.28	0.26	0.25	0.00	0.45	0.48	0.34	0.25	0.22
Long-Term Debt to Equity	0.13	0.31	0.28	0.26	0.25	0.00	0.40	0.40	0.34	0.20	0.14
Financial Leverage	-0.24	-0.17	-0.10	-0.14	-0.18	0.81	0.86	-0.42	-0.33	-0.38	-0.53
Leverage Ratio	1.60	1.67	1.71	1.71	1.76	4.29	6.05	3.49	3.42	2.78	2.60
Compound Leverage Factor	1.58	1.70	1.68	1.69	1.77	4.26	6.01	3.47	3.43	2.78	2.63
Debt to Total Capital	11.82%	25.19%	21.92%	20.63%	19.80%	100.00%	31.13%	32.59%	25.61%	20.24%	18.29%
Short-Term Debt to Total Capital	0.04%	1.88%	0.18%	0.00%	0.00%	0.75%	3.46%	5.71%	0.00%	4.36%	7.01%
Long-Term Debt to Total Capital	11.78%	23.31%	21.74%	20.63%	19.80%	99.25%	27.67%	26.89%	25.61%	15.87%	11.29%
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	87.77%	74.51%	78.08%	79.37%	80.20%	0.00%	68.87%	67.41%	74.39%	79.76%	81.71%
Debt to EBITDA	0.61	1.57	1.06	0.89	0.89	1.03	0.63	0.60	0.47	0.47	0.36
Net Debt to EBITDA	-1.22	-0.35	-0.44	-0.57	-0.70	-0.80	-0.54	-0.57	-0.34	-0.90	-0.90
Long-Term Debt to EBITDA	0.60	1.45	1.05	0.89	0.89	1.03	0.56	0.50	0.47	0.37	0.22
Debt to NOPAT	0.81	2.17	1.42	1.16	1.20	1.34	0.80	0.77	0.61	0.64	0.47
Net Debt to NOPAT	-1.63	-0.48	-0.59	-0.74	-0.94	-1.04	-0.68	-0.73	-0.43	-1.22	-1.19
Long-Term Debt to NOPAT	0.80	2.01	1.41	1.16	1.20	1.33	0.71	0.64	0.61	0.50	0.29
Altman Z-Score	5.81	5.06	6.60	5.96	8.29	8.53	10.52	6.09	8.16	7.11	8.96
Noncontrolling Interest Sharing Ratio	0.23%	0.43%	0.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.48	2.61	2.80	2.78	2.58	2.39	1.48	1.28	1.50	1.53	1.26
Quick Ratio	1.45	1.59	1.61	1.62	1.51	1.59	0.96	0.78	0.78	0.86	0.71
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	2,039	-1,309	661	3,315	2,634	1,411	13,660	7,870	2,293	8,982	10,756
Operating Cash Flow to CapEx	544.78%	526.68%	536.53%	535.31%	476.79%	481.04%	1,204.15%	662.10%	252.52%	540.16%	804.43%
Free Cash Flow to Firm to Interest Expense	113.71	0.00	10.95	102.36	0.00	33.10	270.62	164.94	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	122.76	0.00	36.15	108.58	0.00	132.60	243.18	190.29	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	100.22	0.00	29.41	88.29	0.00	105.03	222.98	161.55	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.47	0.44	0.54	0.56	0.55	0.56	0.61	0.62	0.73	0.62	0.70
Accounts Receivable Turnover	6.36	8.99	7.62	6.58	7.13	9.47	8.38	4.97	5.81	6.21	9.37
Inventory Turnover	1.25	1.37	1.83	1.81	1.89	1.78	1.74	1.65	1.70	1.35	1.47
Fixed Asset Turnover	3.89	4.09	5.82	6.69	6.53	6.49	6.59	5.96	5.92	4.44	4.69
Accounts Payable Turnover	6.28	6.55	7.29	6.42	6.77	6.10	4.88	4.36	5.56	4.58	4.66
Days Sales Outstanding (DSO)	57.35	40.62	47.92	55.44	51.18	38.54	43.56	73.50	62.80	58.82	38.95
Days Inventory Outstanding (DIO)	291.27	266.14	199.06	201.84	192.97	205.05	209.64	220.94	215.01	269.69	249.13
Days Payable Outstanding (DPO)	58.14	55.70	50.10	56.86	53.94	59.82	74.72	83.71	65.65	79.63	78.27
Cash Conversion Cycle (CCC)	290.48	251.06	196.88	200.42	190.21	183.77	178.49	210.72	212.16	248.88	209.81
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,639	9,555	11,449	11,122	11,390	14,249	7,065	5,105	11,233	9,854	10,020
Invested Capital Turnover	0.99	0.89	1.03	1.11	1.18	1.33	1.98	3.72	3.73	2.77	3.86
Increase / (Decrease) in Invested Capital	-515	2,917	1,894	-328	269	2,859	-7,184	-1,960	6,128	-1,378	166
Enterprise Value (EV)	32,820	43,881	68,693	60,809	117,196	194,381	319,360	211,304	292,014	262,821	407,208
Market Capitalization	35,297	44,657	70,188	63,011	119,938	198,824	323,773	215,625	295,663	272,092	420,204
Book Value per Share	$21.05	$24.14	$30.11	$31.17	$33.56	$0.00	$27.56	$23.70	$37.71	$48.61	$58.52
Tangible Book Value per Share	$12.61	$8.91	$14.16	$16.06	$18.51	($21.25)	$12.59	$9.18	$22.77	$34.91	$43.22
Total Capital	10,384	13,865	16,579	16,787	17,620	5,739	16,665	13,984	20,005	23,977	28,170
Total Debt	1,227	3,492	3,634	3,464	3,488	5,739	5,188	4,558	5,123	4,852	5,153
Total Long-Term Debt	1,223	3,232	3,604	3,464	3,488	5,696	4,612	3,759	5,123	3,806	3,179
Net Debt	-2,476	-776	-1,496	-2,202	-2,741	-4,443	-4,413	-4,321	-3,648	-9,271	-12,997
Capital Expenditures (CapEx)	404	333	407	657	860	1,175	1,019	1,371	2,385	2,140	1,847
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,300	1,544	2,946	3,096	3,051	2,209	-1,346	-1,657	1,227	-1,082	-6,206
Debt-free Net Working Capital (DFNWC)	5,003	5,812	6,896	7,713	8,346	11,237	7,245	6,234	8,982	12,107	9,429
Net Working Capital (NWC)	4,999	5,551	6,866	7,713	8,346	11,194	6,669	5,436	8,981	11,061	7,455
Net Nonoperating Expense (NNE)	16	-31	73	21	6.29	-71	-183	-107	-250	-234	-356
Net Nonoperating Obligations (NNO)	-2,518	-817	-1,496	-2,202	-2,741	14,249	-4,413	-4,321	-3,648	-9,271	-12,997
Total Depreciation and Amortization (D&A)	323	375	502	484	930	600	533	624	818	951	1,204
Debt-free, Cash-free Net Working Capital to Revenue	19.02%	21.35%	27.37%	24.72%	23.00%	12.94%	-6.39%	-7.31%	4.02%	-3.70%	-16.19%
Debt-free Net Working Capital to Revenue	73.24%	80.36%	64.05%	61.58%	62.92%	65.81%	34.40%	27.52%	29.46%	41.38%	24.59%
Net Working Capital to Revenue	73.17%	76.75%	63.77%	61.58%	62.92%	65.55%	31.66%	24.00%	29.46%	37.81%	19.45%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.22	$3.46	$4.93	$6.10	$6.16	$8.49	$0.00	$14.14	$19.91	$19.93	$29.02
Adjusted Weighted Average Basic Shares Outstanding	430.64M	425.60M	429.80M	424.90M	420.80M	418.30M	0.00	397.70M	393.80M	393.30M	388.50M
Adjusted Diluted Earnings per Share	$3.21	$3.44	$4.91	$6.08	$6.15	$8.48	$0.00	$14.13	$19.89	$19.92	$29.00
Adjusted Weighted Average Diluted Shares Outstanding	432.64M	427.68M	431.60M	426.40M	421.60M	419.10M	0.00	398M	394.10M	393.60M	388.90M
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	427.99M	429.94M	427.39M	421.10M	419.81M	416.51M	0.00	394.59M	393.42M	393.28M	385.42M
Normalized Net Operating Profit after Tax (NOPAT)	1,523	1,608	2,555	2,988	2,903	4,270	6,476	5,910	8,422	7,604	10,922
Normalized NOPAT Margin	22.30%	22.23%	23.73%	23.85%	21.88%	25.00%	30.74%	26.09%	27.62%	25.99%	28.49%
Pre Tax Income Margin	24.63%	26.07%	26.66%	26.84%	22.77%	28.73%	36.03%	30.49%	32.96%	31.99%	34.92%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	94.85	0.00	48.50	104.78	0.00	116.09	151.35	145.76	0.00	0.00	0.00
NOPAT to Interest Expense	84.97	0.00	42.29	92.24	0.00	100.15	128.29	123.86	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	72.32	0.00	41.77	84.50	0.00	88.52	131.15	117.02	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	62.44	0.00	35.55	71.95	0.00	72.58	108.10	95.12	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	21.79%	28.62%	25.00%	23.04%	51.36%	30.01%	23.26%	45.51%	29.96%	32.40%	26.54%
Augmented Payout Ratio	62.51%	54.30%	49.19%	67.27%	67.25%	63.99%	168.76%	128.01%	42.71%	39.00%	88.46%

No quarterly metrics and ratios for ASML are available.

Financials Breakdown Chart

Key Financial Trends

Here are the top balance sheet trends for ASML (NASDAQ: ASML) drawn from the last three reported years (2022–2024). The bullets are ordered with positives first, then neutral, then negatives.

Cash & Equivalents jumped to US$13,182,930,090 in FY2024, up from US$7,748,599,140 in FY2023 and US$7,775,627,340 in FY2022, boosting liquidity and financial flexibility.
Total equity rose to US$19,125,335,680 in FY2024, up from US$14,881,044,880 in FY2023 and US$9,425,793,840 in FY2022, reflecting stronger retained earnings and a stronger balance sheet.
Total assets expanded to US$50,295,094,960 in FY2024, up from US$44,200,986,500 in FY2023 and US$38,834,167,920 in FY2022, indicating scale growth.
Accounts receivable declined to US$4,634,660,250 in FY2024 from US$4,794,381,420 in FY2023 and US$5,695,401,240 in FY2022, suggesting improved collections or timing.
Inventories, net rose to US$11,273,791,650 in FY2024 from US$9,790,644,340 in FY2023 and US$7,702,239,060 in FY2022, signaling higher production or stock buildup.
Goodwill decreased to US$4,749,659,860 in FY2024 from US$5,075,909,320 in FY2023 (and US$4,873,580,880 in FY2022), a shift that could reflect impairment or disposals.
Current liabilities climbed to US$20,755,204,140 in FY2024 from US$18,003,073,140 in FY2023 and US$19,238,855,280 in FY2022, driven by higher short-term payables and other current liabilities.
Short-term debt remained elevated at US$1,045,761,530 in FY2024 (up from US$798,284,760 in FY2022), indicating higher near-term leverage.
Long-term debt edged up to US$3,806,373,230 in FY2023 (and remained at that level in FY2024) from US$3,759,491,160 in FY2022, contributing to higher overall leverage.
Total liabilities increased to US$31,169,759,280 in FY2024 from US$29,408,374,080 in FY2022, signaling higher leverage despite an expanding equity base.

05/06/26 08:18 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About ASML's Financials

When does ASML's fiscal year end?

According to the most recent income statement we have on file, ASML's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

How has ASML's net income changed over the last 10 years?

ASML's net income appears to be on an upward trend, with a most recent value of $11.28 billion in 2025, rising from $1.51 billion in 2015. The previous period was $7.84 billion in 2024. View ASML's forecast to see where analysts expect ASML to go next.

What is ASML's operating income?

ASML's total operating income in 2025 was $13.26 billion, based on the following breakdown:

Total Gross Profit: $20.25 billion
Total Operating Expenses: $6.99 billion

How has ASML's revenue changed over the last 10 years?

Over the last 10 years, ASML's total revenue changed from $6.83 billion in 2015 to $38.34 billion in 2025, a change of 461.2%.

How much debt does ASML have?

ASML's total liabilities were at $36.33 billion at the end of 2025, a 16.5% increase from 2024, and a 581.5% increase since 2015.

How much cash does ASML have?

In the past 10 years, ASML's cash and equivalents has ranged from $2.67 billion in 2015 to $15.16 billion in 2025, and is currently $15.16 billion as of their latest financial filing in 2025.

How has ASML's book value per share changed over the last 10 years?

Over the last 10 years, ASML's book value per share changed from 21.05 in 2015 to 58.52 in 2025, a change of 178.0%.

Related Companies

Financial statements for NASDAQ:ASML last updated on 2/27/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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ASML (ASML) Financials

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ASML (ASML) Financials

Annual Income Statements for ASML

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Quarterly Cash Flow Statements for ASML

Annual Balance Sheets for ASML

Quarterly Balance Sheets for ASML

Annual Metrics And Ratios for ASML

Quarterly Metrics And Ratios for ASML

Financials Breakdown Chart

Key Financial Trends

Frequently Asked Questions About ASML's Financials

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