Friday 6 November 2026
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Entegris, Inc.
ENTG Technology Semiconductor Equipment & Materials
Entegris, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.2 billion, down 1.38% from fiscal 2024.
- Revenue
- +24.6%
- EPS
- +124.1%
- Free cash flow
- +22.3%
- Total debt
- −15.2%
Quarter to September 2026, against a year earlier
127.58
2.83
+2.27%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 1,175 | 1,343 | 1,550 | 1,591 | 1,859 | 2,299 | 3,282 | 3,524 | 3,241 | 3,197 | 3,525 | +11.8% | 3,716 | 4,246 | 4,822 | +14.7% | |
| Gross margin, % | 43.28 | 45.36 | 46.43 | 44.73 | 45.70 | 46.09 | 42.55 | 42.50 | 45.87 | 44.42 | 47.14 | +1.1 pt | ||||||
| EBT | 120 | 185 | 254 | 318 | 354 | 479 | 247 | 173 | 322 | 255 | 445 | +8.7% | ||||||
| EBT margin, % | 10.21 | 13.76 | 16.41 | 19.99 | 19.05 | 20.84 | 7.53 | 4.90 | 9.93 | 7.96 | 12.62 | (2.2) pt | ||||||
| Net income | 97 | 85 | 241 | 255 | 295 | 409 | 209 | 181 | 293 | 236 | 393 | +10.3% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 8.33 | 9.48 | 10.99 | 11.77 | 13.79 | 16.98 | 23.07 | 23.51 | 21.48 | 21.07 | 23.02 | +10.9% | |||||
| Earnings | 0.69 | 0.60 | 1.71 | 1.89 | 2.19 | 3.02 | 1.47 | 1.21 | 1.94 | 1.55 | 2.57 | +9.4% | ||||||
| Cash flow | 1.47 | 2.07 | 2.22 | 2.83 | 3.31 | 2.96 | 2.55 | 4.30 | 4.19 | 4.58 | 5.21 | +13.5% | ||||||
| Capex | (0.46) | (0.66) | (0.78) | (0.83) | (0.98) | (1.56) | (3.28) | (3.05) | (2.09) | (1.97) | (1.19) | +17.5% | ||||||
| Free cash flow | 1.01 | 1.41 | 1.44 | 2.00 | 2.34 | 1.40 | (0.72) | 1.25 | 2.09 | 2.61 | 4.02 | +11.2% | ||||||
| Book value | 6.37 | 7.02 | 7.18 | 8.63 | 10.23 | 12.66 | 22.62 | 22.74 | 24.46 | 26.06 | 28.30 | +16.9% | ||||||
| Shares, m | 141 | 142 | 141 | 135 | 135 | 135 | 142 | 150 | 151 | 152 | 152 | +0.8% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 26.23 | 52.75 | 16.32 | 26.50 | 43.88 | 45.74 | 41.37 | 95.03 | 51.06 | 54.01 | 49.56 | 45.3 | |||||
| P/S | 2.17 | 3.34 | 2.54 | 4.25 | 6.97 | 8.16 | 2.78 | 4.85 | 4.61 | 4.00 | 5.53 | 4.4 | ||||||
| P/B | 2.84 | 4.51 | 3.89 | 5.81 | 9.39 | 10.95 | 2.84 | 5.02 | 4.05 | 3.23 | 4.50 | 5.3 | ||||||
| EV/Sales | 2.32 | 3.37 | 2.83 | 4.62 | 7.25 | 8.40 | 4.38 | 6.07 | 5.76 | 5.06 | 6.37 | 5.0 | ||||||
| EV/FCF | 19.20 | 22.67 | 21.69 | 27.24 | 42.78 | 101.73 | (139.33) | 113.97 | 59.11 | 40.81 | 36.46 | 31.0 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 208 | 293 | 313 | 382 | 447 | 400 | 363 | 645 | 632 | 695 | 798 | +14.4% | |||||
| Capex | (65) | (94) | (110) | (112) | (132) | (211) | (466) | (457) | (316) | (299) | (182) | +18.4% | ||||||
| Free cash flow | 142 | 200 | 202 | 270 | 315 | 190 | (103) | 188 | 316 | 396 | 616 | +12.1% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 539 | 767 | 760 | 668 | 932 | 934 | 1,573 | 1,463 | 1,091 | 1,150 | 1,199 | +8.8% | |||||
| Net debt | 178 | 49 | 457 | 585 | 515 | 545 | 5,234 | 4,139 | 3,670 | 3,354 | 2,904 | +38.6% | ||||||
| Shareholders’ equity | 899 | 993 | 1,012 | 1,166 | 1,379 | 1,714 | 3,218 | 3,409 | 3,692 | 3,953 | 4,333 | +17.9% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 5.81 | 4.63 | 11.21 | 10.55 | 10.86 | 13.39 | 3.13 | 1.91 | 3.40 | 2.81 | 4.64 | (3.0) pt | |||||
| ROIC | 9.02 | 14.50 | 12.45 | 8.54 | 13.05 | 15.26 | 3.55 | 4.13 | 4.53 | 3.90 | 5.54 | (5.1) pt | ||||||
| ROE | 11.41 | 8.99 | 24.01 | 23.40 | 23.18 | 26.45 | 8.47 | 5.45 | 8.25 | 6.16 | 9.55 | (5.2) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 3,727 | 3,900 | 4,900 | 5,300 | 5,800 | 6,850 | 10,000 | 8,000 | 8,200 | 7,700 | — | +8.4% | |||||
| Revenue/emp, $m | 0.32 | 0.34 | 0.32 | 0.30 | 0.32 | 0.34 | 0.33 | 0.44 | 0.40 | 0.42 | — | +3.1% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026
Business profile
Where the money comes from and where it goes Fiscal 2025
| APS | 1,799 | 56.28% |
|---|---|---|
| MS | 1,407 | 44.01% |
| Gross margin | 44.42% | |
| Operating margin | 14.26% | |
| Pre-tax margin | 7.96% |
Entegris, Inc. vs peers in Semiconductor Equipment & Materials (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| TER Teradyne, Inc. | $33.2B | 24.8× | 29.6× | +69.78% (above 0%: growing) | +192.00% (above 0%: growing) | +9,539.10% (above 0%: growing) | 59.06% | 30.78% | Compare |
| Q Qnity Electronics, Inc. | $23.0B | 40.6× | 32.1× | +21.94% (above 0%: growing) | −7.33% (below 0%: shrinking) | −19.92% (below 0%: shrinking) | 47.75% | 21.53% | Compare |
| ENTG Entegris, Inc. | $19.1B | 49.6× | 46.0× | +24.61% (above 0%: growing) | +124.07% (above 0%: growing) | +22.32% (above 0%: growing) | 49.74% | 22.93% | |
| NVMI Nova Ltd. | $8.9B | 32.4× | 32.9× | +15.90% (above 0%: growing) | +1.72% (above 0%: growing) | −10.48% (below 0%: shrinking) | 56.54% | 29.88% | Compare |
| ONTO Onto Innovation Inc. | $7.7B | 58.7× | 33.2× | +35.30% (above 0%: growing) | +76.81% (above 0%: growing) | +30.97% (above 0%: growing) | 53.41% | 18.52% | Compare |
| AMKR Amkor Technology, Inc. | $7.6B | 12.4× | 15.8× | +0.18% (above 0%: growing) | +50.94% (above 0%: growing) | +20.66% (above 0%: growing) | 18.26% | 11.29% | Compare |
| FORM FormFactor, Inc. | $5.6B | 32.8× | 31.9× | +38.42% (above 0%: growing) | +370.00% (above 0%: growing) | +233.17% (above 0%: growing) | 54.68% | 29.08% | Compare |
| CAMT Camtek Ltd. | $4.3B | 122× | 37.8× | +12.31% (above 0%: growing) | −33.33% (below 0%: shrinking) | +952.40% (above 0%: growing) | 50.06% | 20.43% | Compare |
| KLIC Kulicke and Soffa Industries, Inc. | $3.1B | 27.4× | 22.1× | +122.63% (above 0%: growing) | n/m | +856.72% (above 0%: growing) | 47.80% | 20.66% | Compare |
| Median of peers | $7.6B | 32.6× | 32.0× | +28.62% | +50.94% | +132.07% | 51.74% | 21.10% |
From the latest earnings call
- CEO Dave Reeder said bookings strengthened across capital-spending-oriented businesses, while Entegris was expanding capacity to meet demand from semiconductor customers.
- Reeder said the company’s guidance did not contemplate material pricing, and he expected most of the benefit from increased fab construction to accrue in 2027.
Largest institutional holders 13F, quarter to 30 June 2026
Held by institutions
108.21%
Held by the ten largest
58.37%
| Holder | Shares | Stake | Change |
|---|---|---|---|
| BlackRock | 20.48m | 13.41% | +1.07m |
| Vanguard | 15.87m | 10.39% | +131.20k |
| T. Rowe Price | 12.82m | 8.40% | −659.36k |
| Capital Group | 11.21m | 7.34% | −162.46k |
| Principal Financial | 5.96m | 3.91% | +70.61k |
| Invesco | 5.63m | 3.68% | +964.58k |
| State Street | 5.52m | 3.62% | +252.13k |
| JPMorgan Chase | 5.52m | 3.62% | +2.45m |
| PRIMECAP Management | 3.13m | 2.05% | −17.40k |
| Geode Capital Management | 3.00m | 1.96% | +22.87k |
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.
Pay and ownership Proxy statement filed 23 March 2026
Ownership
Directors and executive officers, together
less than 1%
BlackRock, Inc.
11.60%
T. Rowe Price Associates, Inc.1307 Point Street Baltimore, MD
10.00%
Vanguard Group Inc.
9.90%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement
Entegris, Inc. (ENTG) Latest News
29 Oct
28 Oct
10 Oct
20 Aug
ENTG metrics, ten years each
- 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
- Price to free cash flow
- 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
Entegris supplies materials and process solutions used to manufacture semiconductors and other high-technology products. Founded in 1966 and headquartered in Billerica, the company is led by President and Chief Executive Officer David Reeder. Its customers include chip manufacturers, equipment makers, chemical suppliers and wafer producers.
Making a chip involves repeatedly applying, removing and polishing materials on a silicon wafer. Each step must be controlled: unwanted particles or chemical contamination can damage devices and reduce the number of usable chips produced from a wafer. Entegris sells materials used in those steps as well as products designed to keep the materials, equipment and wafers clean.