Applied Materials, Inc.
AMAT Technology Semiconductor Equipment & Materials
Applied Materials, Inc.’s revenue for fiscal 2025 (year ended October 2025) was $28.4 billion, up 4.39% from fiscal 2024. In the quarter to July 2026, revenue grew 24.8%, EPS grew 43.5%, free cash flow grew 13.7% and total debt rose 4.50%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; dividend growth for ten consecutive years, revenue growth for five.
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Applied Materials, Inc. (AMAT) Price to free cash flow
As of 16 October 2026, Applied Materials, Inc. (AMAT) trades at a price to free cash flow of 56.5×. Over the past ten years it has ranged from 8.9× (December 2018) to 105× (June 2026); the current reading is higher than 96% of that period. That is above the Semiconductor Equipment & Materials industry median of 48.2× and above the Technology sector median of 20.0×.
Price to free cash flow, daily
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Annual newest first
| Period | Price to free cash flow | Change |
|---|---|---|
| FY2025 | 32.0× | 62.24% |
| FY2024 | 19.7× | 36.97% |
| FY2023 | 14.4× | (11.30%) |
| FY2022 | 16.2× | (37.35%) |
| FY2021 | 25.9× | 64.43% |
| FY2020 | 15.8× | (9.17%) |
| FY2019 | 17.4× | 71.35% |
| FY2018 | 10.1× | (40.32%) |
| FY2017 | 17.0× | 28.45% |
| FY2016 | 13.2× | (30.98%) |
Quarterly newest first
| Period | Price to free cash flow | Change |
|---|---|---|
| Jul 2026 | 70.1× | 22.43% |
| Apr 2026 | 57.2× | 39.58% |
| Jan 2026 | 41.0× | 28.10% |
| Oct 2025 | 32.0× | 33.22% |
| 43 more quarters | Free account |
Against its own ten years
Price to free cash flow against peers
| Company | Price to free cash flow |
|---|---|
| AMKR Amkor Technology, Inc. compare | n/m |
| ASML ASML Holding N.V. compare | 26.3× |
| Q Qnity Electronics, Inc. compare | 29.1× |
| ENTG Entegris, Inc. compare | 36.9× |
| ONTO Onto Innovation Inc. compare | 43.2× |
| AMAT Applied Materials, Inc. | 56.5× |
| KLAC KLA Corporation compare | 57.9× |
| TER Teradyne, Inc. compare | 63.5× |
| LRCX Lam Research Corporation compare | 67.7× |
| Semiconductor Equipment & Materials industry median | 48.2× |
| Technology sector median | 20.0× |
| Market median | 14.2× |
What Price to free cash flow is
Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.
Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))
More on AMAT
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement