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MKS Inc. (MKSI)

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MKS Inc. (MKSI) reported revenue of $1.2 billion for Q2 FY2026, the quarter ended 30 June 2026, up 28.3% on the same quarter a year earlier. Net income was $175 million, up 182.3% on the year, and diluted earnings per share $2.41. The figures are the company's own, from the 10-Q it filed with the SEC on 6 August 2026.

Revenue$1.2 billionup 28.3%
Net income$175 millionup 182.3%
Diluted EPS$2.41
QuarterQ2 FY2026ended 30 June 2026

MKS (MKSI) in brief

MKS (MKSI) reported revenue of $3.9 billion for fiscal 2025, the year ended 31 December 2025, up 9.6% on the year before.
Read moreNet income was $295 million and diluted earnings per share $4.37. Revenue was $3.6 billion in fiscal 2024, $3.6 billion in fiscal 2023, $3.5 billion in fiscal 2022 and $2.9 billion in fiscal 2021. Net income in the same years was $190 million, a loss of $1.8 billion, $333 million and $551 million. Over the twelve months to 30 June 2026, MKS reported revenue of $4.3 billion and net income of $440 million. Revenue grew 11.0% a year, compounded, over the five years to fiscal 2025. MKS declared $0.94 a share in dividends over the last four quarters and had 68 million shares outstanding at the latest filed count. At 30 June 2026 it carried $2.5 billion of debt and $454 million of cash. At the close of 8 October 2026 the market cap of MKS was $17.6 billion, 41.5 times its earnings over the last twelve months.

Ratios

From the filings

ROE14.7%
ROCE12.3%
Operating margin15.7%
Net margin10.1%
FCF margin10.5%
Interest cover3.65
Debt to equity0.85
Cash conversion1.44
Share count, 1 year0.6%
Sales CAGR, 3 years3.5%
Profit CAGR, 3 years-4.0%
EPS, TTM$6.27

At the close of 8 October 2026

Price$260.38
Market cap$17.6 billion
Stock P/E41.53
Price to book5.89
EV / EBITDA19.23
Dividend yield0.4%
Market cap / sales4.05
52-week high$444.80
52-week low$121.26
Price, 1 year95.8%
Price CAGR, 3 years46.6%
Price CAGR, 5 years12.8%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Debt to equity here stands on long-term debt as MKS Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
MKSIgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on MKSI

Filings19 in twelve months: 9 current reports (8-K), about 5 results of operations; 2 officer or director change; 2 regulation fd disclosure; 1 shareholder vote; 1 material agreement
Planned insider sales33 Form 144 notices in twelve months, $43.2 million; latest 1 September 2026
Options tapeput/call 0.47 by open interest at the 8 October 2026 close; the straddle prices a 6.7% move to 16 October 2026
13F holders10 of the followed funds hold it; largest Point72 Asset Management; 11 Schedule 13D or 13G filings in twelve months
Insider trading46 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest6.1 million shares short, 4.57 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 5 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue9328938688878969359369739881,0341,0781,248
Cost of revenue506482453468464493492520527555571653
Gross profit426411415419432442444453461479507595
Gross margin46%46%48%47%48%47%47%47%47%46%47%48%
R&D71.070.070.066.070.065.070.076.076.077.081.076.0
SG&A167162170161167176185175180184190200
Operating income11823.0106127128137111135138144149251
Operating margin13%3%12%14%14%15%12%14%14%14%14%20%
Interest expense93.090.087.079.064.054.053.055.053.051.045.038.0
Pre-tax income22.0-80.019.022.060.079.059.072.084.089.0102213
Tax rate-77%n/a21%-5%-3%-14%12%14%12%-20%18%18%
Net income39.0-69.015.023.062.090.052.062.074.010784.0175
Net margin4%-8%2%3%7%10%6%6%7%10%8%14%
Diluted EPS$0.58-$1.02$0.22$0.33$0.92$1.33$0.77$0.92$1.10$1.58$1.18$2.41
Operating cash flow16018167.012216317614116519714253.0243
Capital expenditure18.034.018.027.022.051.018.029.051.050.025.054.0
Free cash flow14214749.095.014112512313614692.028.0189
Buybacksn/an/a0.00.00.00.045.00.00.00.00.00.0
Dividends paid15.015.015.015.014.015.015.015.014.015.017.017.0
Shares outstanding67m67m67m67m67m67m67m67m67m67m67m68m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014 †FY2015FY2016 †FY2017FY2018 †FY2019 †FY2020 †FY2021 †FY2022FY2023FY2024FY2025TTM
Revenue7818141,2951,9162,0751,9002,3302,9503,5473,6223,5863,9314,348
Cost of revenue4434517301,0251,0961,0691,2801,5692,0001,9801,8782,0942,306
Gross profit3383635668919798301,0501,3801,5471,6421,7081,8372,042
Gross margin43.3%44.6%43.7%46.5%47.2%43.7%45.0%46.8%43.6%45.3%47.6%46.7%47.0%
Research and development62.968.3111133136164173200241288271299310
Selling, general and administrative132129228291298330353385488675674724754
Operating income135157157407494220454699617-1,554498528682
Operating margin17.3%19.3%12.1%21.2%23.8%11.6%19.5%23.7%17.4%-42.9%13.9%13.4%15.7%
Interest expense0.10.130.631.016.944.129.025.0177356284212187
Pre-tax income136159128448481178423666433-1,928180304488
Income tax20.637.223.210888.137.572.9114100-87.0-10.09.048.0
Effective tax rate15.1%23.3%18.1%24.2%18.3%21.1%17.2%17.1%23.1%n/a-5.6%3.0%9.8%
Net income116122105339393140350551333-1,841190295440
Net margin14.8%15.0%8.1%17.7%18.9%7.4%15.0%18.7%9.4%-50.8%5.3%7.5%10.1%
Diluted EPS$2.16$2.28$1.94$6.16$7.14$2.55$6.33$9.90$5.56-$27.54$2.81$4.37$6.27
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment

FY2023FY2024FY2025Share
latest year
VSD1,4401,3841,57940.2%
MSD1,2061,1811,32333.7%
PSD9761,0211,02926.2%
VSDMSDPSD
3,622FY20233,586FY20243,931FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by product or service

FY2023FY2024FY2025Share
latest year
Semiconductor1,4791,4981,69643.1%
Specialty Industrial1,2271,1661,12428.6%
Electronics and Packaging9169221,11128.3%
SemiconductorSpecialty IndustrialElectronics and Packaging
3,622FY20233,586FY20243,931FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region

FY2023FY2024FY2025Share
latest year
Other countries8589361,03526.3%
China74577593123.7%
United States89380476019.3%
South Korea35935844011.2%
Singapore2392292656.7%
Taiwan2482342606.6%
Japan2802502406.1%
Other countriesChinaUnited StatesSouth KoreaSingaporeTaiwanJapan
3,622FY20233,586FY20243,931FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014 †FY2015FY2016 †FY2017FY2018 †FY2019 †FY2020 †FY2021 †FY2022FY2023FY2024FY2025TTM
Operating cash flow102138180355414245513640529319528645635
Capital expenditure13.212.419.131.362.963.984.987.016487.0118148180
Free cash flow88.7126161324351181428552365232410497455
Free cash flow margin11.4%15.5%12.4%16.9%16.9%9.5%18.4%18.7%10.3%6.4%11.4%12.6%10.5%
Cash from investingn/an/a-72722.672.8-947-202-205-4,552-84.0-117-145-180
Cash from financingn/an/a560-280-178476-122-65.13,971-259-549-562-538
Depreciation and amortisation20.522.165.982.679.911099.0104216397348344342
Share-based compensation11.313.025.224.427.349.230.037.045.054.048.055.055.0
Buybacks20.813.31.5n/a75.0n/an/an/an/a0.00.045.00.0
Dividends paid34.936.036.438.242.443.544.047.052.059.059.059.063.0
Dividend per share$0.66$0.68$0.68$0.71$0.78$0.80$0.80$0.86$0.88$0.88$0.88$0.88$0.94
Diluted shares, weighted54m54m54m55m55m55m55m56m60m67m68m68m73m
Shares outstanding at period end53m53m54m54m54m55m55m56m67m67m67m67m68m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 †FY2015FY2016 †FY2017FY2018 †FY2019 †FY2020 †FY2021 †FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity1,0821,1611,2421,5891,8732,0232,3612,8874,4832,4722,3222,7192,988
Short-term borrowingsn/an/a11.03.04.012.114.59.093.093.050.051.01,399
Debtn/an/a6013903448728158084,8344,6964,4884,1502,544
Operating lease liabilitiesn/an/an/an/an/a44.8187193n/an/an/an/an/a
Other liabilities1421123584323934645266442,0851,8571,7301,8762,010
Total liabilities and equity1,2241,2732,2122,4142,6143,4163,9044,54011,4959,1188,5908,7968,941
Owned
Fixed assets72.868.9175172194242284326800784771810798
Goodwill1922005895915871,0581,0661,2284,3082,5542,4792,5742,580
Intangible assets46.444.04083663205655125763,1732,6192,2722,1402,015
Investments44443119922084.111523482.21.00.0n/an/an/a
Cash and equivalents305228229334644415608966909507420418454
Receivables106102249300295341393443720603615651830
Inventory1551532763393854625015779779918939211,033
Other assetsn/a48.088.591.51042183043426071,0601,1401,2821,231
Total assets1,2241,2732,2122,4142,6143,4163,9044,54011,4959,1188,5908,7968,941
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded17.1%11.0%3.5%16.3%
Profit growth, compounded9.2%-3.4%-4.0%65.4%
Return on equity, average4.4%-5.8%-18.5%10.8%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Measuring and Control Equipment

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Danaher Corp. DHR$152.9 billion38.637.6%20.4%4.6%0.51n/a
Keysight Technologies, Inc. KEYS$63.8 billion51.3219.2%20.3%25.5%0.38n/a
AMETEK Inc/ AME$56.7 billion36.1914.0%25.9%12.7%0.090.2%
Roper Technologies Inc. ROP$36.0 billion15.0913.4%28.0%10.9%0.570.9%
Veralto Corp. VLTO$23.4 billion24.1731.9%22.7%6.2%1.09n/a
MKS Inc. MKSI$17.6 billion41.5314.7%15.7%16.3%0.850.4%
Revvity, Inc. RVTY$17.1 billion73.143.3%12.3%4.1%0.450.2%
Fortive Corp. FTV$17.1 billion33.388.8%18.2%5.6%0.580.5%
Onto Innovation Inc. ONTO$14.9 billion96.948.1%13.8%8.0%0.00n/a
Trimble Inc. TRMB$14.0 billionn/a-2.0%17.0%5.8%0.29n/a
Cognex Corp. CGNX$10.2 billion59.1410.7%21.9%17.1%0.000.6%
Sensata Technologies Holding plc ST$6.1 billion70.383.0%7.5%0.8%0.820.8%
All 26 in Measuring and Control Equipment
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
KLA Corp. KLAC$257.1 billion53.6576.1%n/a11.7%0.930.4%
Thermo Fisher Scientific Inc. TMO$241.1 billion35.0713.2%17.6%7.2%0.800.3%
Danaher Corp. DHR$152.9 billion38.637.6%20.4%4.6%0.51n/a
Trane Technologies plc TT$103.4 billion35.6034.2%17.9%7.0%0.460.8%
Keysight Technologies, Inc. KEYS$63.8 billion51.3219.2%20.3%25.5%0.38n/a
Teradyne, Inc. TER$62.4 billion54.6933.5%30.2%57.9%0.000.1%
Coherent Corp. COHR$59.2 billion73.567.4%11.9%22.5%0.30n/a
AMETEK Inc/ AME$56.7 billion36.1914.0%25.9%12.7%0.090.2%
Rockwell Automation, Inc. ROK$48.2 billion40.6934.4%22.7%11.3%0.741.2%
Agilent Technologies, Inc. A$47.4 billion33.1019.6%22.2%8.6%0.490.6%
Waters Corp. WAT$42.2 billion107.021.1%7.1%52.5%0.32n/a
Illumina, Inc. ILMN$40.0 billion49.3629.1%19.7%4.9%0.53n/a
Roper Technologies Inc. ROP$36.0 billion15.0913.4%28.0%10.9%0.570.9%
Mettler Toledo International Inc/ MTD$33.2 billion34.427,062.4%n/a6.9%164.70n/a
Veralto Corp. VLTO$23.4 billion24.1731.9%22.7%6.2%1.09n/a
MKS Inc. MKSI$17.6 billion41.5314.7%15.7%16.3%0.850.4%
Revvity, Inc. RVTY$17.1 billion73.143.3%12.3%4.1%0.450.2%
Fortive Corp. FTV$17.1 billion33.388.8%18.2%5.6%0.580.5%
Onto Innovation Inc. ONTO$14.9 billion96.948.1%13.8%8.0%0.00n/a
Trimble Inc. TRMB$14.0 billionn/a-2.0%17.0%5.8%0.29n/a
Avantor, Inc. AVTR$10.5 billionn/a-10.3%-4.6%-1.6%0.66n/a
Cognex Corp. CGNX$10.2 billion59.1410.7%21.9%17.1%0.000.6%
Bio-Rad Laboratories, Inc. BIO$9.7 billion43.683.1%2.1%1.4%0.17n/a
Bruker Corp. BRKR$8.8 billionn/a-3.0%-0.9%1.6%0.760.3%
Sensata Technologies Holding plc ST$6.1 billion70.383.0%7.5%0.8%0.820.8%
Vontier Corp. VNT$4.4 billion13.3629.2%18.8%0.9%1.340.3%
7 companies share its SEC industry code (Industrial Instruments For Measurement, Display, And Control); the rest are the names nearest in size in its wider industry, Measuring and Control Equipment, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20266 August 2026EDGAR
10-Q31 March 20267 May 2026EDGAR
10-K31 December 202524 February 2026EDGAR
10-Q30 September 20256 November 2025EDGAR
10-Q30 June 20257 August 2025EDGAR
10-Q31 March 20258 May 2025EDGAR
10-K31 December 202425 February 2025EDGAR
10-Q30 September 20247 November 2024EDGAR
10-Q30 June 20248 August 2024EDGAR
10-Q31 March 20249 May 2024EDGAR

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