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

Show all line items

Columns are period end dates · fundamentals updated 2 Nov 2026

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