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.

409.29 20.72 −4.82%
Market cap
$341.3B
P/E
35.1×
Fwd P/E
12.4×
Dividend yield
0.00%
F-score
6/9
Altman Z
11.17
Beneish M
−2.57
Dividend safety
96/100

Applied Materials, Inc. (AMAT) Price to free cash flow

Alert me on 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

Against its own ten years

Low 8.9× High 105×
Ten-year median 18.9×
Current reading's percentile 96

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)))

The full definition of Price to free cash flow →

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