MKS Inc.

Industrial Instruments For Measurement, Display, And Control

MKSIStrained7 of 11 basics passed

$265.00

+1.77%

Market cap $17.9B

$265.00

+1.77%

Market cap $17.9B

MKS Inc delivers foundational technology solutions for leading edge semiconductor manufacturing, electronics and packaging, and specialty industrial applications.

It is a $17.9B technology company. Revenue grew 16.2% over the last year, it keeps 10¢ of every dollar of sales as profit, and its net debt equals ~7.7 years of free cash flow. It trades at 40.6× earnings — in the most expensive third of its own history.

Website: mksinst.com
Location: Andover, MA
Employees: 10 300
Sector: Technology

Share price · 3 years

$83.73 → $265.00+216.5%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $4.35B
Profit: keeps 10¢ of every $1 sold; $439M
Free cash flow: cash left after running the business; $455M
Net debt: debt minus cash on hand; $3.53B
P/E: years of profit in the price; 40.6
EPS: earnings per share, TTM; $6.48
Dividend: pays out 14% of profit · 14% of FCF; 0.35%
Shares: up 25% since 2016 — dilution; 67.7M
Volatility: beta vs the market — under 1 swings less; 2.10

Revenue, last 10 years

52-week range

Low $121.26$265.00High $444.80

Today's price is 44% of the way from the year's low to its high.

P/E vs its history5y

40.6×median 25.0×

Higher than 74% of past days — in the most expensive third of its own history.

Valuation vs own history

P/E

40.6×

27%

P/S

4.1×

10%

EV/EBITDA

30.1×

17%

P/B

6.0×

10%

FCF yield

2.5%

13%

Share of the last ~5 years that was pricier than today (unusually expensive vs its own history). Based on the daily valuation record.

Insider activity · 90 days

-$3.23Mnet selling

Purchases$0

Sales$3.23M

Insiders trading, last 14d0 buy · 0 sell

Standing in Technology

Size$17.9Btop 61%
Revenue growth+3%top 75%
Net margin10%top 60%
Return on equity16%top 51%
P/E40.6×top 61%
Dividend yield0.35%top 78%

Ranked against 220 Technology companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Valuation, Growth and Health lag behind.

Valuation42

P/E vs own history74th pct · 5/25
FCF yield2.5% · 5/25
P/S4.1x · 20/25
EV/EBITDA23.1x · 12/25

Growth37

Revenue CAGR7.4% · 12/25
Net income CAGR-14.5% · 0/25
EPS CAGR ~5Y-7.2% · 0/25
Fwd implied growth154.2% · 25/25

Profitability65

ROIC7.4% · 5/25
ROE15.8% · 20/25
Net margin10.1% · 20/25
Operating margin15.4% · 20/25

Health27

Altman Zn/a · 0/25
Current ratio1.14 · 12/25
Interest coverage2.5x · 10/25
Net cash / debtD/A 40% · 5/25

Quality71

Piotroski F6/9 · 15/25
Beneish M-2.60 · 25/25
FCF conversion104% · 25/25
Margin stabilityσ 20.9% · 6/25

Moat51

ROIC >12% years4/10 yrs · 6/25
Median gross margin45.9% · 20/25
FCF-positive years10/10 yrs · 25/25
Worst-year net marginworst -50.8% · 0/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

FY2021Financial
Best year on record
$551M net income
FY2017Financial
Became debt-free
cash now exceeds total debt
FY2016Financial
First recorded profitable year
$105M net income
FY2016Financial
Revenue already above $1B
$1.30B in first reported year
FY2016Financial
Positive free cash flow every year since
10-year streak

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$17 128 today — price return only

$3.9B revenue in FY2025

Revenue up 16.2% year over year

Positive free cash flow 10 years in a row

10 300 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

High gross margin (47.0%)
Revenue growing 16.2% year over year

Watch-outs

Loss-making in 1 of the recent years
Net debt equals ~7.7 years of free cash flow

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

7 of 11 checks passed

Revenue growing — the company sells more than a year ago+16.2% YoY
Profitable — makes more than it spends$439M TTM
Profit growing — earnings are higher than last year-7.8% YoY
Generates cash — cash left after running and investing$455M TTM
Debt under control — could handle its obligations~7.7y of cash flow to repay
Established company — not a micro-cap — lower blow-up risk$17.9B market cap
Not printing shares — share count not ballooning — you keep your slice+22.4% shares over ~5y
Proven track record — years of profitability behind it9/10 profitable years
Financially stable — balance sheet not near distresshealth score 22/100
Pays a dividend — returns cash to shareholdersyield 0.35%
Valuation not extreme — price not wildly above earningsP/E 40.6

Peer comparisonMKS Inc. vs 6 largest technology peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
MKSI this company	$17.9B	40.6	+16.2%	10.1%	Strained
NVDA Nvidia Corp	$5.5T	28.6	+83.4%	63.7%	Mixed
AAPL Apple Inc.	$4.9T	38.1	+14.2%	27.6%	Strong
GOOGL Alphabet Inc.	$4.3T	17.6	+20.1%	54.8%	Mixed
MSFT Microsoft Corp	$4.0T	29.7	+17.8%	40.3%	Strong
SPCX Space Exploration Technologies Corp.	$2.1T	—	+33.2%	-34.0%	Strained
META Meta Platforms, Inc.	$1.8T	26.9	+27.7%	29.8%	Mixed

Head-to-head: MKSI vs NVDA · MKSI vs AAPL · MKSI vs GOOGL

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 4Buy 13Hold 2Sell 1

Appendix · Financial records

The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $4.35B · net income $439M (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

How FY2025 revenue flows to profit

RevenueNet income

Revenue (TTM)

$4.35B

YoY 16.2%

Net income (TTM)

$439M

Margin 10.1%

Gross margin

47.0%

Operating margin

15.4%

P/E ratio

40.6

Dividend yield

0.35%

Income statement — full detail

Figures in USD billions · EPS in USD

	2020	2021	2022	2023	2024	2025
Revenue	2.3	2.9	3.5	3.6	3.6	3.9
Gross profit	1.0	1.4	1.5	1.6	1.7	1.8
Operating income (EBIT)	0.5	0.7	0.6	0.4	0.5	0.5
Net income	0.4	0.6	0.3	-1.8	0.2	0.3
EPS (diluted)	6.33	9.90	5.56	-27.52	2.81	4.36

Cash flowFree cash flow $455M · operating cash flow $635M (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

$455M

Margin 10.5%

Operating cash flow (TTM)

$635M

FCF margin

10.5%

Cash flow statement — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Operating cash flow	0.5	0.6	0.5	0.3	0.5	0.6
Capital expenditure	-0.1	-0.1	-0.2	-0.1	-0.1	-0.1
Free cash flow	0.4	0.6	0.4	0.2	0.4	0.5
FCF margin	18.4%	18.7%	10.3%	6.4%	11.4%	12.6%

Balance sheetAssets $8.80B · net debt $3.53B (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $8.80B of assets is financed

69%

31%

Liabilities $6.08B — borrowed moneyEquity $2.72B — owners' stake

Cash vs debt

Total debt $4.20B − cash $675M = net debt $3.53B

Cash on hand covers 16% of debt.

Debt repayment

0.0 yrs

Years of free cash flow to clear net debt

Interest coverage

2.5x

EBIT ÷ interest expense

ROE

15.8%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Cash & equivalents	0.2	0.1	0.0	0.9	0.7	0.7
Total assets	3.9	4.5	11.5	9.1	8.6	8.8
Total liabilities	1.5	1.7	7.0	6.6	6.3	6.1
Total debt	0.8	0.8	4.9	5.0	4.5	4.2
Equity	2.4	2.9	4.5	2.5	2.3	2.7
Net debt	0.6	0.7	4.9	4.1	3.8	3.5

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of MKSI on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $265.00 · market cap $17.9B.