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
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ASML Holding N.V. (ASML) Price to free cash flow
As of 5 November 2026, ASML Holding N.V. (ASML) trades at a price to free cash flow of 21.9×. Over the past ten years it has ranged from 15.5× (June 2022) to 173× (December 2019); the current reading is higher than 7% of that period. That is below the Semiconductor Equipment & Materials industry median of 31.5× and above the Technology sector median of 18.7×.
Price to free cash flow, daily
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Annual newest first
| Period | Price to free cash flow | Change |
|---|---|---|
| FY2025 | 33.3× | 20.12% |
| FY2024 | 27.7× | (65.48%) |
| FY2023 | 80.3× | 177.56% |
| FY2022 | 28.9× | 3.96% |
| FY2021 | 27.8× | (43.47%) |
| FY2020 | 49.2× | 5.87% |
| FY2019 | 46.5× | 104.63% |
| FY2018 | 22.7× | (51.55%) |
| FY2017 | 46.9× | 48.12% |
| FY2016 | 31.7× | 52.05% |
Quarterly newest first
| Period | Price to free cash flow | Change |
|---|---|---|
| Sep 2026 | 29.0× | (57.75%) |
| Jun 2026 | 68.6× | 33.72% |
| Mar 2026 | 51.3× | 53.96% |
| Dec 2025 | 33.3× | (14.14%) |
| 43 more quarters | Free account |
Against its own ten years
Price to free cash flow against peers
| Company | Price to free cash flow |
|---|---|
| ASML ASML Holding N.V. | 21.9× |
| Q Qnity Electronics, Inc. compare | 29.6× |
| ONTO Onto Innovation Inc. compare | 30.9× |
| ENTG Entegris, Inc. compare | 31.7× |
| TER Teradyne, Inc. compare | 33.1× |
| LRCX Lam Research Corporation compare | 36.0× |
| KLAC KLA Corporation compare | 42.6× |
| AMAT Applied Materials, Inc. compare | 44.6× |
| NVMI Nova Ltd. compare | 47.2× |
| Semiconductor Equipment & Materials industry median | 31.5× |
| Technology sector median | 18.7× |
| Market median | 14.1× |
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 ASML
- 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