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

1,418.99 62.34 +4.60%
Market cap
$522.9B
P/E
33.7×
Fwd P/E
34.0×
Dividend yield
0.68%
F-score
8/9
Altman Z
9.14
Beneish M
−2.87
Dividend safety
80/100

ASML Holding N.V. (ASML) Free cash flow margin

Alert me on Free cash flow margin

ASML Holding N.V.'s free cash flow margin over the twelve months to 30 September 2026 was 52.3%, up 18.5 percentage points from fiscal 2025 (33.8%). Over the past ten years it has ranged from 11.8% (fiscal 2023) to 53.2% (fiscal 2021); the current reading is higher than 82% of that period. That is above the Semiconductor Equipment & Materials industry median of 6.73% and above the Technology sector median of 0.67%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 33.8% 1.62
FY2024 32.1% 20.36
FY2023 11.8% (22.07)
FY2022 33.9% (19.37)
FY2021 53.2% 27.27
FY2020 26.0% 5.73
FY2019 20.2% (2.29)
FY2018 22.5% 6.60
FY2017 15.9% (3.83)
FY2016 19.7% (6.55)

Against its own ten years

Low 11.8% High 53.2%
Ten-year median 26.0%
Current reading's percentile 82

Free cash flow margin against peers

Company Free cash flow margin
ASML ASML Holding N.V. 52.3%
KLAC KLA Corporation compare 27.8%
LRCX Lam Research Corporation compare 25.0%
ONTO Onto Innovation Inc. compare 22.5%
TER Teradyne, Inc. compare 20.5%
NVMI Nova Ltd. compare 20.2%
AMAT Applied Materials, Inc. compare 18.3%
ENTG Entegris, Inc. compare 17.5%
Q Qnity Electronics, Inc. compare 14.3%
Semiconductor Equipment & Materials industry median 6.73%
Technology sector median 0.67%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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