ENTEGRIS INC ENTG
Entegris, Inc. ("Entegris", "the Company", "us", "we", or "our") is a leading supplier of critical advanced materials and process solutions for the semiconductor and other high-technology industries. We leverage our unique breadth of capabilities to provide customers with innovative, science-based solutions to their toughest technology challenges, helping improve productivity and product performance in the most advanced manufacturing environments.
Semiconductors, or integrated circuits, are key components in electronic devices that continue to transform how we live, communicate and work. Many products and emerging applications—including artificial intelligence ("AI"), high-performance and cloud computing, smartphones, wearable technology, electric and autonomous vehicles, the Internet of Things, gaming, virtual/augmented reality, and smart healthcare— are expected to drive long-term secular demand for semiconductor and require faster, more powerful, more compact and more energy efficient semiconductors. Industry forecasts project semiconductor sales reaching approximately $1.6 trillion by 2030, which we believe will create significant opportunities for our products.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.20B | $3.24B | $3.52B | $3.28B | $2.30B | $1.86B | $1.59B | $1.55B | $1.34B | $1.18B |
| Cost of revenue | $1.78B | $1.75B | $2.03B | $1.89B | $1.24B | $1.01B | $879.4M | $830.7M | $733.5M | $666.6M |
| Gross profit | $1.42B | $1.49B | $1.50B | $1.40B | $1.06B | $849.7M | $711.7M | $719.8M | $609.0M | $508.7M |
| R&D | $329.0M | $316.1M | $277.3M | $229.0M | $167.6M | $136.1M | $121.1M | $118.5M | $107.0M | $107.0M |
| SG&A | $450.6M | $446.6M | $576.2M | $543.5M | $292.4M | $265.1M | $284.8M | $246.5M | $216.2M | $201.9M |
| Total operating expenses | $716.9M | $704.4M | $669.8M | $582.0M | — | — | — | — | — | — |
| Operating income | $455.9M | $533.9M | $499.2M | $480.0M | $551.8M | $395.4M | $239.3M | $292.7M | $241.8M | $155.5M |
| Interest expense | $199.8M | $215.2M | $312.4M | $212.7M | $41.2M | $48.6M | $47.0M | $34.1M | $32.3M | $36.8M |
| Pre-tax income | $254.6M | $322.0M | $172.7M | $247.1M | $479.1M | $354.3M | $318.0M | $254.4M | $184.7M | $120.0M |
| Income tax | $18.0M | $28.3M | $8.4M | $38.2M | $70.0M | $59.3M | $63.2M | $13.7M | $99.7M | $22.9M |
| Net income | $235.6M | $292.8M | $180.7M | $208.9M | $409.1M | $295.0M | $254.9M | $240.8M | $85.1M | $97.1M |
| EPS, basic | 1.55 | 1.94 | 1.21 | 1.47 | 3.02 | 2.19 | 1.89 | 1.71 | 0.60 | 0.69 |
| EPS, diluted | 1.55 | 1.93 | 1.20 | 1.46 | 3.00 | 2.16 | 1.87 | 1.69 | 0.59 | 0.68 |
| Shares, diluted (wtd. avg.) | $152.2M | $151.8M | $150.9M | $143.1M | $136.6M | $136.3M | $136.6M | $142.6M | $143.5M | $142.1M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $360.4M | $329.2M | $456.9M | $563.4M | $402.6M | $580.9M | $351.9M | $482.1M | $625.4M | $406.4M |
| Short-term investments | — | — | — | — | — | — | — | — | — | $0 |
| Inventory | $643.2M | $638.1M | $607.1M | $812.8M | $475.2M | $323.9M | $287.1M | $268.1M | $198.1M | $183.5M |
| Total current assets | $1.64B | $1.62B | $1.98B | $2.34B | $1.31B | $1.23B | $932.4M | $1.03B | $1.06B | $800.1M |
| Property, plant and equipment | $1.64B | $1.62B | $1.47B | $1.39B | $654.1M | $525.4M | $479.5M | $419.5M | $359.5M | $321.6M |
| Goodwill | $3.95B | $3.94B | $3.95B | $4.41B | $793.7M | $748.0M | $695.0M | $550.2M | $359.7M | $345.3M |
| Other intangibles | $906.9M | $1.09B | $1.28B | $1.84B | $335.1M | $337.6M | $334.0M | $295.7M | $182.4M | $217.5M |
| Total assets | $8.35B | $8.39B | $8.81B | $10.14B | $3.19B | $2.92B | $2.52B | $2.32B | $1.98B | $1.70B |
| Accounts payable | $171.5M | $193.3M | $134.2M | $172.5M | $130.7M | $81.6M | $84.2M | $93.1M | $68.8M | $61.6M |
| Short-term debt | — | $0 | $0 | $152.0M | $0 | $0 | $4.0M | $4.0M | $100.0M | $100.0M |
| Total current liabilities | $488.6M | $525.2M | $514.0M | $761.9M | $379.0M | $302.6M | $264.4M | $269.7M | $291.0M | $261.6M |
| Long-term debt | $3.70B | $3.98B | $4.58B | $5.63B | $937.0M | $1.09B | $932.5M | $934.9M | $574.4M | $484.7M |
| Retained earnings | $1.56B | $1.38B | $1.15B | $1.03B | $879.8M | $577.8M | $366.1M | $213.8M | $147.4M | $92.3M |
| Total equity | $3.95B | $3.69B | $3.41B | $3.22B | $1.71B | $1.38B | $1.17B | $1.01B | $993.0M | $899.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $695.4M | $631.7M | $644.5M | $363.1M | $400.5M | $446.7M | $382.3M | $312.6M | $293.4M | $207.6M |
| Depreciation and amortisation | $205.3M | $188.1M | $172.7M | $135.4M | $138.2M | $136.5M | $141.4M | $127.3M | $102.2M | $99.9M |
| Stock-based compensation | $69.3M | $65.9M | $61.4M | $66.6M | $29.9M | $22.9M | $19.6M | $17.1M | $15.3M | $13.4M |
| Capital expenditure | $299.2M | $315.6M | $456.8M | $466.2M | $210.6M | $131.8M | $112.4M | $110.2M | $93.6M | $65.3M |
| Investing cash flow | -$300.8M | -$67.1M | $553.1M | -$4.95B | -$298.1M | -$243.3M | -$385.8M | -$485.9M | -$112.5M | -$66.7M |
| Financing cash flow | -$366.9M | -$688.9M | -$1.30B | $4.76B | -$276.5M | $22.1M | -$126.8M | $34.4M | $27.3M | -$81.7M |
| Dividends paid | $60.8M | $60.6M | $60.2M | $57.3M | $43.5M | $43.2M | $40.6M | $39.6M | $9.9M | $0 |
| Buybacks | — | — | $0 | $0 | $67.1M | $44.6M | $80.3M | $173.8M | $28.0M | $7.6M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001101302-26-000012.
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