MKS INC MKSI

Technology SIC 3823 - Industrial Instruments For Measurement, Display, and Control NAICS Manufacturing › Computer and Electronic Product Manufacturing › Navigational, Measuring, Electromedical, and Control Instruments Manufacturing › Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables derived Nasdaq

MKS Inc., formerly known as MKS Instruments, Inc. ("MKS," the "Company," "our," or "we"), was founded in 1961 as a Massachusetts corporation. We enable technologies that transform our world. We deliver foundational technology solutions to leading edge semiconductor manufacturing, electronics and packaging, and specialty industrial applications. We apply our broad science and engineering capabilities to create instruments, subsystems, systems, process control solutions and specialty chemicals technology that improve process performance, optimize productivity and enable unique innovations for many of the world's leading technology and industrial companies. Our solutions are critical to addressing the challenges of miniaturization and complexity in advanced device manufacturing by enabling increased power, speed, feature enhancement and optimized connectivity. Our solutions are also critical to addressing ever-increasing performance requirements across a wide array of specialty industrial applications.

Last close 196.55 2026-10-23
Market cap $13.29B 2026-06-30 share count
52-week range 134.74 - 447.62

Valuation FY2025 figures against the last close

P/S3.4x
P/E45.0x
P/FCF26.7x
EV/EBITDA27.3x
Dividend yield0.4%
Diluted EPS4.37

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • Other
  • China
  • United States
  • South Korea
  • Singapore
  • Taiwan
  • Japan
Revenue by geography, 7 categories over 3 years. The same figures are in the table below. FY2025 Other, FY2025: 1B (26.3%) 26% Other China, FY2025: 931M (23.7%) 24% China United States, FY2025: 760M (19.3%) 19% United States South Korea, FY2025: 440M (11.2%) 11% South Korea Singapore, FY2025: 265M (6.7%) 7% Singapore Taiwan, FY2025: 260M (6.6%) 7% Taiwan Japan, FY2025: 240M (6.1%) 6% Japan FY2024 Other, FY2024: 936M (26.1%) 26% China, FY2024: 775M (21.6%) 22% United States, FY2024: 804M (22.4%) 22% South Korea, FY2024: 358M (10.0%) 10% Singapore, FY2024: 229M (6.4%) 6% Taiwan, FY2024: 234M (6.5%) 7% Japan, FY2024: 250M (7.0%) 7% FY2023 Other, FY2023: 858M (23.7%) 24% China, FY2023: 745M (20.6%) 21% United States, FY2023: 893M (24.7%) 25% South Korea, FY2023: 359M (9.9%) 10% Singapore, FY2023: 239M (6.6%) 7% Taiwan, FY2023: 248M (6.8%) 7% Japan, FY2023: 280M (7.7%) 8%
Region FY2025FY2024FY2023
Other $1.03B $936.0M $858.0M
China $931.0M $775.0M $745.0M
United States $760.0M $804.0M $893.0M
South Korea $440.0M $358.0M $359.0M
Singapore $265.0M $229.0M $239.0M
Taiwan $260.0M $234.0M $248.0M
Japan $240.0M $250.0M $280.0M

As the company reported it, from the “Business Segment, Geographic Area, Product Information and Significant Customer Information - Schedule of Net Revenues and Long-Lived Assets by Geographic Regions (Detail)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $3.93B$3.59B$3.62B$3.55B$2.95B$2.33B$1.90B$2.08B$1.92B$1.30B
Cost of revenue ———$2.00B$1.57B$1.28B$1.07B$1.10B$1.02B$729.7M
Gross profit $1.84B$1.71B$1.64B$1.55B$1.38B$1.05B$830.4M$979.5M$891.5M$565.6M
R&D $299.0M$271.0M$288.0M$241.0M$200.0M$173.0M$164.1M$135.7M$132.6M$110.6M
SG&A $724.0M$674.0M$675.0M$488.0M$385.0M$353.0M$330.3M$298.1M$290.1M$227.9M
Operating income $528.0M$498.0M-$1.55B$617.0M$699.0M$454.0M$219.8M$494.1M$406.6M$157.3M
Interest expense $212.0M$284.0M$356.0M$177.0M$25.0M$29.0M$44.1M$16.9M$31.0M$30.6M
Pre-tax income $304.0M$180.0M-$1.93B$433.0M$665.0M$423.0M$177.8M$481.0M$447.6M$128.0M
Income tax $9.0M$10.0M$87.0M$100.0M$114.0M$73.0M$37.4M$88.1M$108.5M$23.2M
Net income $295.0M$190.0M-$1.84B$333.0M$551.0M$350.0M$140.4M$392.9M$339.1M$104.8M
EPS, basic 4.392.82-27.545.579.956.362.577.226.261.96
EPS, diluted 4.372.81-27.545.569.906.332.557.146.161.94
Shares, diluted (wtd. avg.) 67.7M67.6M66.8M59.9M55.7M55.3M55.1M55.0M55.1M54.1M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $418.0M$420.0M$507.0M$909.0M$966.0M$608.3M$414.6M$644.3M$333.9M$233.9M
Short-term investments ——$0$1.0M$76.0M$227.7M$109.4M$73.8M$209.4M$189.5M
Receivables $651.0M$615.0M$603.0M$720.0M$443.0M$392.7M$341.1M$295.5M$300.3M$248.8M
Inventory $921.0M$893.0M$991.0M$977.0M$577.0M$501.4M$462.1M$384.7M$339.1M$275.9M
Total current assets $2.51B$2.47B$2.70B$2.79B$2.15B$1.80B$1.43B$1.46B$1.24B$998.8M
Property, plant and equipment $810.0M$771.0M$784.0M$800.0M$326.0M$284.3M$241.9M$194.4M$171.8M$174.6M
Goodwill $2.57B$2.48B$2.55B$4.31B$1.23B$1.07B$1.06B$587.0M$591.0M$588.6M
Other intangibles $2.14B$2.27B$2.62B$3.17B$576.0M$512.2M$564.6M$319.8M$366.4M$408.0M
Total assets $8.80B$8.59B$9.12B$11.49B$4.54B$3.90B$3.42B$2.61B$2.41B$2.21B
Accounts payable $407.0M$341.0M$327.0M$426.0M$168.0M$110.6M$88.4M$83.8M$82.5M$69.3M
Short-term debt $51.0M$50.0M$93.0M$93.0M$9.0M$14.5M$12.1M$4.0M$3.0M$11.0M
Total current liabilities $927.0M$775.0M$848.0M$952.0M$460.0M$373.9M$317.7M$263.3M$289.8M$237.3M
Long-term debt $4.15B$4.49B$4.70B$5.12B$825.0M$815.0M$871.7M$343.8M$390.0M$601.2M
Total liabilities $6.08B$6.27B$6.65B$7.01B$1.65B$1.54B$1.39B$741.1M$825.1M$970.5M
Retained earnings $711.0M$503.0M$373.0M$2.27B$1.99B$1.49B$1.18B$1.08B$795.7M$494.7M
Total equity $2.72B$2.32B$2.47B$4.48B$2.89B$2.36B$2.02B$1.87B$1.59B$1.24B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $645.0M$528.0M$319.0M$529.0M$640.0M$513.0M$244.5M$413.8M$355.2M$180.1M
Depreciation and amortisation $97.0M$103.0M$102.0M$70.0M$49.0M$44.0M$42.6M$36.3M$36.8M$30.2M
Stock-based compensation $55.0M$48.0M$54.0M$45.0M$37.0M$30.0M$49.2M$27.3M$24.4M$25.2M
Capital expenditure $148.0M$118.0M$87.0M$164.0M$87.0M$85.0M$63.9M$62.9M$31.3M$19.1M
Investing cash flow -$145.0M-$117.0M-$84.0M-$4.55B-$205.0M-$202.0M-$947.2M$72.7M$22.6M-$727.0M
Financing cash flow -$562.0M-$549.0M-$259.0M$3.97B-$65.0M-$122.0M$476.2M-$178.0M-$279.7M$560.1M
Dividends paid $59.0M$59.0M$59.0M$52.0M$47.0M$44.0M$43.5M$42.4M$38.2M$36.4M
Buybacks $45.0M$0$0————$75.0M—$1.5M

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 0001193125-26-066820.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -2B 0 2B 4B Revenue, FY2016: 1.3B Gross profit, FY2016: 565.6M Net income, FY2016: 104.8M Revenue, FY2017: 1.9B Gross profit, FY2017: 891.5M Net income, FY2017: 339.1M Revenue, FY2018: 2.1B Gross profit, FY2018: 979.5M Net income, FY2018: 392.9M Revenue, FY2019: 1.9B Gross profit, FY2019: 830.4M Net income, FY2019: 140.4M Revenue, FY2020: 2.3B Gross profit, FY2020: 1B Net income, FY2020: 350M Revenue, FY2021: 3B Gross profit, FY2021: 1.4B Net income, FY2021: 551M Revenue, FY2022: 3.5B Gross profit, FY2022: 1.5B Net income, FY2022: 333M Revenue, FY2023: 3.6B Gross profit, FY2023: 1.6B Net income, FY2023: -1.8B Revenue, FY2024: 3.6B Gross profit, FY2024: 1.7B Net income, FY2024: 190M Revenue, FY2025: 3.9B Gross profit, FY2025: 1.8B Net income, FY2025: 295M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.30B $1.92B $2.08B $1.90B $2.33B $2.95B $3.55B $3.62B $3.59B $3.93B
Gross profit $565.6M $891.5M $979.5M $830.4M $1.05B $1.38B $1.55B $1.64B $1.71B $1.84B
Net income $104.8M $339.1M $392.9M $140.4M $350.0M $551.0M $333.0M -$1.84B $190.0M $295.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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