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

1,418.90 62.25 +4.59%
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) Price to free cash flow

Alert me on 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

Against its own ten years

Low 15.5× High 173×
Ten-year median 42.3×
Current reading's percentile 7

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)))

The full definition of Price to free cash flow →

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