Applied Materials +

Applied Materials

Company

Ticker

AMAT

NVDA

AVGO

AMD

Headquarter

Santa Clara ,CA

Palo Alto ,CA

Santa Clara ,CA

CEO

Gary E. Dickerson

Jen-Hsun Huang

Hock E. Tan

Lisa T. Su

Industry

Semiconductors

Stock Price

Market Cap

$242.87 B

$4.52 T

$1.67 T

$358.64 B

Employees

Years

2023
2024
2025

2023
2024
2025

2023
2024
2025

2023
2024
2025

Employees

34.00 K
35.70 K
36.50 K

26.20 K
29.60 K
36.00 K

20.00 K
37.00 K
33.00 K

25.00 K
26.00 K
28.00 K

Y/Y

3.03%

2.24%

16.57%

12.99%

21.62%

85%

10.81%

61.29%

7.69%

Income Statement

Revenue

Years

2023
2024
2025

2023
2024
2025

2023
2024
2025

2022
2023
2024

Revenue

$26.52 B
$27.18 B
$28.37 B

$26.97 B
$60.92 B
$130.50 B

$35.82 B
$51.57 B
$63.89 B

$23.60 B
$22.68 B
$25.79 B

Y/Y

2.84%

2.49%

4.39%

0.22%

125.85%

114.2%

7.88%

43.99%

23.87%

43.61%

3.9%

13.69%

Revenue by Products / Services

Years

2024

2025

2025

2024

Revenue by Geography

Years

2024

2025

2025

2024

Research and Development

Years

2023
2024
2025

2023
2024
2025

2023
2024
2025

2022
2023
2024

Research and Development

$3.10 B
$3.23 B
$3.57 B

$7.34 B
$8.68 B
$12.91 B

$5.25 B
$9.31 B
$10.98 B

$5.01 B
$5.87 B
$6.46 B

Y/Y

11.95%

4.22%

10.42%

39.31%

18.2%

48.86%

6.79%

77.23%

17.91%

75.92%

17.32%

9.95%

Operating Income

Years

2023
2024
2025

2023
2024
2025

2023
2024
2025

2022
2023
2024

Operating Income

$7.65 B
$7.87 B
$8.29 B

$4.22 B
$32.97 B
$81.45 B

$16.21 B
$13.46 B
$25.48 B

$1.61 B
$625.00 M
$2.22 B

Y/Y

1.72%

2.78%

5.36%

57.93%

680.59%

147.04%

13.93%

16.93%

89.29%

56.12%

61.28%

255.84%

Tax Rate (%)

Years

2023
2024
2025

2023
2024
2025

2023
2024
2025

2022
2023
2024

Tax Rate (%)

11.15%
11.96%
24.52%

-4.47%
12.00%
13.26%

6.72%
37.80%
-1.75%

-10.18%
-68.11%
18.84%

Y/Y

21.14%

7.31%

104.99%

335.25%

368.29%

10.55%

10.97%

462.2%

104.62%

172.95%

568.82%

127.67%

Net Income

Years

2023
2024
2025

2023
2024
2025

2023
2024
2025

2022
2023
2024

Net Income

$6.86 B
$7.18 B
$7.00 B

$4.37 B
$29.76 B
$72.88 B

$14.08 B
$5.90 B
$23.13 B

$1.32 B
$854.00 M
$1.64 B

Y/Y

5.07%

4.68%

2.49%

55.21%

581.32%

144.89%

22.51%

58.14%

292.3%

58.25%

35.3%

92.15%

Revenue Per Employee

Years

2023
2024
2025

2023
2024
2025

2023
2024
2025

2023
2024
2025

Revenue Per Employee

$779.91 K
$761.23 K
$777.21 K

$1.03 M
$2.06 M
$3.62 M

$1.79 M
$1.39 M
$1.94 M

$907.20 K
$991.73 K
-

Y/Y

0.19%

2.4%

2.1%

14.02%

99.88%

76.12%

7.88%

22.17%

38.89%

40.42%

9.32%

100%

Net Income Per Employee

Years

2023
2024
2025

2023
2024
2025

2023
2024
2025

2023
2024
2025

Net Income Per Employee

$201.65 K
$201.04 K
$191.73 K

$166.74 K
$1.01 M
$2.02 M

$704.10 K
$159.32 K
$700.79 K

$34.16 K
$63.12 K
-

Y/Y

1.98%

0.3%

4.63%

61.57%

502.97%

101.36%

22.51%

77.37%

339.85%

59.89%

84.76%

100%

Assets & Liabilities | Cash Flow

Total Assets

Years

2023
2024
2025

2023
2024
2025

2023
2024
2025

2022
2023
2024

Total Assets

$30.73 B
$34.41 B
$36.30 B

$41.18 B
$65.73 B
$111.60 B

$72.86 B
$165.65 B
$171.09 B

$67.58 B
$67.89 B
$69.23 B

Y/Y

14.98%

11.98%

5.49%

6.8%

59.6%

69.79%

0.53%

127.34%

3.29%

444.17%

0.45%

1.98%

Total Liabilities

Years

2023
2024
2025

2023
2024
2025

2023
2024
2025

2022
2023
2024

Total Liabilities

$14.38 B
$15.41 B
$15.88 B

$19.08 B
$22.75 B
$32.27 B

$48.87 B
$97.97 B
$89.80 B

$12.83 B
$11.99 B
$11.66 B

Y/Y

1.05%

7.15%

3.09%

8.57%

19.23%

41.86%

3.3%

100.45%

8.34%

160.67%

6.52%

2.79%

Capital Expenditures (Capex)

Years

2023
2024
2025

2023
2024
2025

2023
2024
2025

2022
2023
2024

Capital Expenditures (Capex)

-$1.11 B
-$1.19 B
-$2.26 B

-$1.83 B
-$1.07 B
-$3.24 B

-$452.00 M
-$548.00 M
-$623.00 M

-$450.00 M
-$546.00 M
-$636.00 M

Y/Y

40.53%

7.59%

89.92%

87.81%

41.68%

202.71%

6.6%

21.24%

13.69%

49.5%

21.33%

16.48%

Profitability

Operating Income Margin (%)

Years

2023
2024
2025

2023
2024
2025

2023
2024
2025

2022
2023
2024

Operating Income Margin (%)

28.86%
28.95%
29.22%

15.66%
54.12%
62.42%

45.25%
26.10%
39.89%

5.36%
1.77%
7.37%

Y/Y

4.43%

0.29%

0.94%

58.03%

245.61%

15.33%

5.61%

42.31%

52.81%

75.87%

66.99%

316.76%

Net Income Margin (%)

Years

2023
2024
2025

2023
2024
2025

2023
2024
2025

2022
2023
2024

Net Income Margin (%)

25.86%
26.41%
24.67%

16.19%
48.85%
55.85%

39.31%
11.43%
36.20%

5.59%
3.77%
6.36%

Y/Y

2.17%

2.14%

6.59%

55.31%

201.66%

14.33%

13.56%

70.93%

216.69%

70.93%

32.68%

69.02%

EBITDA

2022	8258000000.00
2023	8456000000.00
2024	8791000000.00
2025	8399000000.00

2022	11351000000.00
2023	5987000000.00
2024	35583000000.00
2025	86137000000.00

2022	19155000000.00
2023	20554000000.00
2024	23879000000.00
2025	35494000000.00

2021	4166000000.00
2022	5534000000.00
2023	4149000000.00
2024	5258000000.00

Years

2023
2024
2025

2023
2024
2025

2023
2024
2025

2022
2023
2024

EBITDA

$8.46 B
$8.79 B
$8.40 B

$5.99 B
$35.58 B
$86.14 B

$20.55 B
$23.88 B
$35.49 B

$5.53 B
$4.15 B
$5.26 B

Y/Y

2.4%

3.96%

4.46%

47.26%

494.34%

142.07%

7.3%

16.18%

48.64%

32.84%

25.03%

26.73%

Free Cash Flow (FCF)

2022	4612000000.00
2023	7594000000.00
2024	7487000000.00
2025	5698000000.00

2022	8132000000.00
2023	3808000000.00
2024	27021000000.00
2025	60853000000.00

2022	16312000000.00
2023	17633000000.00
2024	19414000000.00
2025	26914000000.00

2021	3220000000.00
2022	3115000000.00
2023	1121000000.00
2024	2405000000.00

Years

2023
2024
2025

2023
2024
2025

2023
2024
2025

2022
2023
2024

Free Cash Flow (FCF)

$7.59 B
$7.49 B
$5.70 B

$3.81 B
$27.02 B
$60.85 B

$17.63 B
$19.41 B
$26.91 B

$3.12 B
$1.12 B
$2.41 B

Y/Y

64.66%

1.41%

23.89%

53.17%

609.59%

125.21%

8.1%

10.1%

38.63%

3.26%

64.01%

114.54%

Ratios

Return on Equity (ROE)

Years

2023
2024
2025

2023
2024
2025

2023
2024
2025

2022
2023
2024

Return on Equity (ROE)

41.94%
37.77%
0.00%

19.76%
69.24%
91.87%

58.70%
8.71%
28.45%

2.41%
1.53%
2.85%

Y/Y

21.63%

9.93%

100%

46.07%

250.36%

32.68%

15.97%

85.16%

226.6%

94.28%

36.62%

86.56%

Return on Assets (ROA)

Years

2023
2024
2025

2023
2024
2025

2023
2024
2025

2022
2023
2024

Return on Assets (ROA)

22.31%
20.86%
0.00%

10.61%
45.28%
65.30%

19.33%
3.56%
13.52%

1.95%
1.26%
2.37%

Y/Y

8.61%

6.51%

100%

51.94%

326.88%

44.23%

23.16%

81.59%

279.81%

92.33%

35.59%

88.43%

Debt to Equity

Years

2023
2024
2025

2023
2024
2025

2023
2024
2025

2022
2023
2024

Debt to Equity

36.69%
34.76%
34.53%

54.44%
25.72%
12.95%

165.28%
99.83%
80.13%

5.23%
5.37%
3.84%

Y/Y

23.24%

5.27%

0.66%

22.45%

52.74%

49.67%

6.11%

39.6%

19.74%

40.69%

2.75%

28.48%

Valuation

Enterprise Value

Years

2023
2024
2025

2023
2024
2025

2023
2024
2025

2022
2023
2024

Enterprise value

$109.93 B
$151.86 B
$0.00

$494.60 B
$1.52 T
$2.95 T

$374.60 B
$837.59 B
$1.76 T

$99.39 B
$237.30 B
$201.45 B

Y/Y

36.16%

38.14%

100%

20.37%

207.91%

93.7%

70.4%

123.6%

109.8%

43.36%

138.77%

15.11%

Enterprise value to Revenue

Years

2023
2024
2025

2023
2024
2025

2023
2024
2025

2022
2023
2024

Enterprise value to Revenue

4.15
5.59
0.00

18.34
25.00
22.61

10.46
16.24
27.51

4.21
10.46
7.81

Y/Y

32.41%

34.79%

100%

20.55%

36.33%

9.57%

57.96%

55.29%

69.37%

60.56%

148.46%

25.33%

Enterprise value to EBITDA

Years

2023
2024
2025

2023
2024
2025

2023
2024
2025

2022
2023
2024

Enterprise value to EBITDA

13.00
17.27
0.00

82.61
42.80
34.25

18.23
35.08
49.51

17.96
57.19
38.31

Y/Y

32.98%

32.87%

100%

50.98%

48.19%

19.98%

58.8%

92.46%

41.15%

57.36%

218.47%

33.01%

Applied Materials Competitors & Alternatives

Income Statement

Assets & Liabilities | Cash Flow

Profitability

Ratios

Valuation

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