Monday 9 November 2026 Export ASML’s income statement to Excel — free account

ASML Holding N.V.

ASML

Technology Semiconductor Equipment & Materials

ASML Holding N.V.’s revenue for fiscal 2025 (year ended December 2025) was $37.0 billion, up 20.8% from fiscal 2024.

Revenue: +52.8%
EPS: +132.1%
Free cash flow: +4,578.0%
Total debt: −28.5%

Quarter to September 2026, against a year earlier

1,511.84 87.09 +6.11%

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Market cap: $549.1B
P/E: 37.2×
Fwd P/E: 34.0×
Dividend yield: 0.62%
F-score: 8/9
ROIC: 84.9%
Net debt / EBITDA: −0.7×
Dividend safety: 80/100

Overview

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
Piotroski F-Score Full definition →	5	7	9	5	7	8	5	7	6	8
P/E ratio Full definition →	28.99	32.31	21.70	43.02	49.67	46.97	37.27	33.28	33.31	38.23
P/S ratio Full definition →	6.25	7.47	5.12	9.41	12.78	14.82	9.80	9.47	8.91	11.25
Altman Z-Score Full definition →	5.10	7.15	6.02	8.56	9.96	10.21	6.19	8.35	6.89	9.14
Altman Z″-Score (non-manufacturers) Full definition →	5.25	5.75	6.11	5.67	5.61	4.21	3.27	4.40	4.30	4.13
P/FCF ratio Full definition →	31.67	46.91	22.73	46.51	49.24	27.84	28.94	80.33	27.73	33.31
Beneish M-Score Full definition →	(2.39)	(1.86)	(2.42)	(2.56)	(2.53)	(3.02)	(2.56)	(2.16)	(3.03)	(2.87)
P/Operating CF Full definition →	35.71	67.15	33.88	31.01	38.23	42.88	37.80	81.92	26.46	32.31
P/B ratio Full definition →	4.33	6.33	4.81	8.83	12.88	27.19	23.54	19.39	13.63	18.73
Dividend Safety Score Full definition →	—	—	—	—	—	—	—	—	—	80
Price to Tangible BV Full definition →	11.72	13.60	9.34	16.01	21.81	59.52	60.78	32.12	18.99	25.36
EV/Sales Full definition →	6.14	7.44	5.03	9.27	12.59	14.66	9.65	9.38	8.63	10.97
EV/EBITDA Full definition →	20.72	23.10	16.24	33.84	38.73	37.77	28.84	26.42	24.53	29.08
EV/Operating CF Full definition →	25.06	37.43	17.90	33.45	38.02	25.15	24.08	47.48	21.84	28.32
EV/FCF Full definition →	31.12	46.73	22.33	45.85	48.51	27.54	28.51	79.60	26.85	32.50
Quick Ratio Full definition →	1.59	1.53	1.62	1.51	1.57	0.96	0.78	0.78	0.86	0.70
Current Ratio Full definition →	2.61	2.70	2.78	2.58	2.41	1.48	1.28	1.50	1.53	1.26
Net Debt/EBITDA Full definition →	(0.37)	(0.09)	(0.28)	(0.48)	(0.59)	(0.42)	(0.44)	(0.24)	(0.81)	(0.72)
Debt/Assets Full definition →	19.29%	16.63%	15.25%	13.98%	17.16%	15.16%	11.74%	11.59%	9.65%	8.68%
Debt/Equity Full definition →	0.34	0.28	0.26	0.25	0.34	0.45	0.48	0.34	0.25	0.22
Asset Turnover Full definition →	0.44	0.52	0.58	0.54	0.57	0.66	0.60	0.73	0.64	0.67
Operating CF/Net income Full definition →	1.13	0.85	1.19	1.26	1.30	1.84	1.51	0.69	1.47	1.32
Capex/Depreciation Full definition →	(0.91)	(0.86)	(1.44)	(1.98)	(2.04)	(2.00)	(2.26)	(2.97)	(2.27)	(1.59)
Interest Coverage Full definition →	(49.27)	49.63	104.78	111.63	116.09	151.35	145.76	—	—	—
ROE Full definition →	16.14%	20.88%	23.71%	20.85%	27.12%	50.01%	55.69%	71.17%	47.42%	51.55%
ROA Full definition →	9.64%	12.09%	13.80%	11.82%	14.37%	20.80%	16.01%	20.82%	17.10%	19.81%
ROIC Full definition →	11.41%	14.98%	17.36%	15.80%	22.62%	59.13%	71.34%	51.03%	54.10%	66.13%
Return on Tangible Assets Full definition →	21.14%	29.16%	31.12%	27.47%	30.12%	66.29%	62.31%	57.59%	43.19%	67.45%
Average Days of Receivables Full definition →	61.65	73.84	70.35	72.61	78.88	82.64	115.16	75.67	58.89	40.63
Research and Development Expense of Revenue Full definition →	16.27%	13.92%	14.40%	16.65%	15.74%	13.69%	15.37%	14.44%	15.23%	14.38%
Selling, General and Administrative Expense of Revenue Full definition →	5.52%	4.60%	4.46%	4.40%	3.90%	3.90%	4.47%	4.04%	4.12%	3.85%
Intangible Assets out of Total Assets Full definition →	0.36	0.31	0.28	0.25	0.21	0.18	0.15	0.13	0.11	0.10
Share Based Compensation of Revenue Full definition →	0.70%	0.59%	0.42%	0.63%	0.39%	0.63%	0.33%	0.49%	0.61%	0.62%
Graham Net Nets Full definition →	0.03	0.02	0.04	0.02	0.01	(0.01)	(0.02)	(0.01)	0.00	0.00
Graham Number Full definition →	46.79	58.94	72.25	72.02	91.47	105.67	88.00	133.86	154.28	189.65
Earnings Yield Full definition →	3.45%	3.09%	4.61%	2.32%	2.01%	2.13%	2.68%	3.00%	3.00%	2.62%
Free Cash Flow Yield Full definition →	3.16%	2.13%	4.40%	2.15%	2.03%	3.59%	3.46%	1.24%	3.61%	3.00%
Revenue per Share Full definition →	17.67	23.81	30.42	31.46	38.17	53.73	56.09	75.74	77.76	95.13
Operating CF per Share Full definition →	4.33	4.73	8.54	8.72	12.64	31.31	22.48	14.96	30.72	36.86
Capex per Share Full definition →	(0.84)	(0.94)	(1.69)	(2.36)	(2.73)	(2.71)	(3.50)	(6.04)	(5.73)	(4.75)
Free Cash Flow per Share Full definition →	3.49	3.79	6.85	6.36	9.90	28.60	18.99	8.92	24.99	32.11
Cash per Share Full definition →	10.55	8.65	11.21	12.56	20.08	21.91	19.54	19.27	35.06	38.80
Shareholders Equity per Share Full definition →	25.53	28.08	32.36	33.52	37.86	29.28	23.34	36.97	50.84	57.12
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	25.53	28.08	32.36	33.52	37.86	29.28	23.34	36.97	50.84	57.12
Free Cash Flow Full definition →	1,484.15	1,628.31	2,909.04	2,677.36	4,142.89	11,719.20	7,551.68	3,514.44	9,828.83	12,476.29
Working Capital Full definition →	5,839.34	6,403.26	7,959.35	8,329.44	10,653.66	6,971.07	5,353.66	8,787.41	11,563.32	7,186.87
Capital Expenditures Full definition →	(359.34)	(404.65)	(719.82)	(992.21)	(1,143.21)	(1,112.47)	(1,390.01)	(2,376.95)	(2,254.12)	(1,845.54)
Net Current Asset Value Full definition →	1,296.88	1,680.53	2,403.92	2,344.94	2,887.74	(2,248.12)	(4,661.86)	(2,284.95)	675.88	(382.76)
EV/EBIT Full definition →	25.18	26.97	18.55	39.27	43.42	40.41	31.43	28.59	27.03	31.72
Capex to Sales Full definition →	0.05	0.04	0.06	0.07	0.07	0.05	0.06	0.08	0.07	0.05
Price to Operating Income Full definition →	25.62	27.07	18.88	39.84	44.08	40.85	31.91	28.85	27.92	32.51
Other line items
Depreciation/Fixed assets Full definition →	0.21	0.26	0.27	0.22	0.20	0.16	0.15	0.13	0.13	0.13
Cash ROIC Full definition →	7.80%	8.48%	13.14%	11.68%	14.01%	44.39%	35.05%	12.94%	25.30%	29.54%
Accounts Receivable Turnover Full definition →	6.08	6.13	5.67	5.17	5.25	5.22	3.71	4.51	5.50	8.17
Accounts Payable Turnover Full definition →	7.40	7.02	6.70	6.29	5.94	5.11	4.24	5.54	4.71	4.49
Inventory Turnover Full definition →	1.40	1.75	1.89	1.76	1.73	1.84	1.61	1.69	1.40	1.41
Average Days of Payables Full definition →	57.73	61.42	59.49	59.28	70.03	87.76	89.40	63.83	92.78	83.42
Days of Inventory on Hand Full definition →	270.65	217.00	212.25	212.59	232.25	214.77	250.91	240.68	288.68	270.73
Average Receivables Full definition →	1,236.92	1,669.98	2,280.56	2,562.27	3,042.06	4,217.89	6,011.84	6,611.04	5,558.99	4,524.41
Average Payables Full definition →	560.79	801.42	1,042.44	1,164.07	1,381.82	2,038.88	2,603.24	2,621.59	3,164.13	3,886.17
Average Inventory Full definition →	2,967.60	3,210.60	3,702.97	4,164.18	4,742.96	5,673.57	6,856.56	8,582.36	10,682.40	12,358.40
Average Assets Full definition →	16,901.46	19,803.76	22,174.54	24,563.42	28,246.35	33,456.93	37,006.20	40,746.05	47,912.40	54,894.93
Average Common Equity Full definition →	10,091.15	11,467.33	12,907.67	13,925.64	14,970.86	13,917.90	10,640.20	11,921.30	17,276.64	21,091.49

Show all line items

Columns are period end dates · fundamentals updated 2 Nov 2026

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