A

APPLIED MATERIALS INC /DE

AMAT · CIK 0000006951

19 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$28.37B4.4%
FY2025
Net income (FY)
$7.00B2.5%
FY2025
Free cash flow (FY)
$5.70B23.9%
FY2025
Diluted EPS (FY)
$8.660.6%
FY2025
The story, charted

The shape of the business

FY2007–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$10B$20B$30BFY2007 · Revenue $9.73B · Net income $1.71B · 0000950123-09-070205 · filed 2009-12-11FY07Revenue $9.73BNet income $1.71B0000950123-09-070205 · filed 2009-12-11FY2008 · Revenue $8.13B · Net income $960.7M · 0000950123-10-112754 · filed 2010-12-10FY08Revenue $8.13BNet income $960.7M0000950123-10-112754 · filed 2010-12-10FY2009 · Revenue $5.01B · Net income −$305.0M · 0001193125-11-332050 · filed 2011-12-06FY09Revenue $5.01BNet income −$305.0M0001193125-11-332050 · filed 2011-12-06FY2010 · Revenue $9.55B · Net income $938.0M · 0000006951-12-000018 · filed 2012-12-05FY10Revenue $9.55BNet income $938.0M0000006951-12-000018 · filed 2012-12-05FY2011 · Revenue $10.52B · Net income $1.93B · 0000006951-13-000044 · filed 2013-12-04FY11Revenue $10.52BNet income $1.93B0000006951-13-000044 · filed 2013-12-04FY2012 · Revenue $8.72B · Net income $109.0M · 0000006951-14-000037 · filed 2014-12-17FY12Revenue $8.72BNet income $109.0M0000006951-14-000037 · filed 2014-12-17FY2013 · Revenue $7.51B · Net income $256.0M · 0000006951-15-000034 · filed 2015-12-09FY13Revenue $7.51BNet income $256.0M0000006951-15-000034 · filed 2015-12-09FY2014 · Revenue $9.07B · Net income $1.07B · 0000006951-16-000068 · filed 2016-12-15FY14Revenue $9.07BNet income $1.07B0000006951-16-000068 · filed 2016-12-15FY2015 · Revenue $9.66B · Net income $1.38B · 0000006951-17-000038 · filed 2017-12-15FY15Revenue $9.66BNet income $1.38B0000006951-17-000038 · filed 2017-12-15FY2016 · Revenue $10.82B · Net income $1.72B · 0000006951-18-000041 · filed 2018-12-13FY16Revenue $10.82BNet income $1.72B0000006951-18-000041 · filed 2018-12-13FY2017 · Revenue $14.70B · Net income $3.52B · 0000006951-19-000046 · filed 2019-12-13FY17Revenue $14.70BNet income $3.52B0000006951-19-000046 · filed 2019-12-13FY2018 · Revenue $16.70B · Net income $3.04B · 0000006951-20-000048 · filed 2020-12-11FY18Revenue $16.70BNet income $3.04B0000006951-20-000048 · filed 2020-12-11FY2019 · Revenue $14.61B · Net income $2.71B · 0000006951-21-000043 · filed 2021-12-17FY19Revenue $14.61BNet income $2.71B0000006951-21-000043 · filed 2021-12-17FY2020 · Revenue $17.20B · Net income $3.62B · 0000006951-22-000043 · filed 2022-12-16FY20Revenue $17.20BNet income $3.62B0000006951-22-000043 · filed 2022-12-16FY2021 · Revenue $23.06B · Net income $5.89B · 0000006951-23-000041 · filed 2023-12-15FY21Revenue $23.06BNet income $5.89B0000006951-23-000041 · filed 2023-12-15FY2022 · Revenue $25.79B · Net income $6.53B · 0000006951-24-000044 · filed 2024-12-13FY22Revenue $25.79BNet income $6.53B0000006951-24-000044 · filed 2024-12-13FY2023 · Revenue $26.52B · Net income $6.86B · 0001628280-25-056742 · filed 2025-12-12FY23Revenue $26.52BNet income $6.86B0001628280-25-056742 · filed 2025-12-12FY2024 · Revenue $27.18B · Net income $7.18B · 0001628280-25-056742 · filed 2025-12-12FY24Revenue $27.18BNet income $7.18B0001628280-25-056742 · filed 2025-12-12FY2025 · Revenue $28.37B · Net income $7.00B · 0001628280-25-056742 · filed 2025-12-12FY25Revenue $28.37BNet income $7.00B0001628280-25-056742 · filed 2025-12-12FY25Revenue $28.37BNet income $7.00B0001628280-25-056742 · filed 2025-12-12FY07FY10FY13FY16FY19FY22FY25

revenue 2.9× since FY2007 · net margin 17.6% → 24.7%

MarginsNet marginFCF margin
0%10%20%30%FY2007 · Net margin 17.6% · FCF margin 20.0%FY07Net margin 17.6%FCF margin 20.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2008 · Net margin 11.8% · FCF margin 17.5%FY08Net margin 11.8%FCF margin 17.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2009 · Net margin -6.1% · FCF margin 1.7%FY09Net margin -6.1%FCF margin 1.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · Net margin 9.8% · FCF margin 16.3%FY10Net margin 9.8%FCF margin 16.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin 18.3% · FCF margin 21.1%FY11Net margin 18.3%FCF margin 21.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin 1.3% · FCF margin 19.4%FY12Net margin 1.3%FCF margin 19.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 3.4% · FCF margin 5.7%FY13Net margin 3.4%FCF margin 5.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 11.8% · FCF margin 17.2%FY14Net margin 11.8%FCF margin 17.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin 14.3% · FCF margin 9.8%FY15Net margin 14.3%FCF margin 9.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 15.9% · FCF margin 21.4%FY16Net margin 15.9%FCF margin 21.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 23.9% · FCF margin 23.4%FY17Net margin 23.9%FCF margin 23.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 18.2% · FCF margin 18.9%FY18Net margin 18.2%FCF margin 18.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 18.5% · FCF margin 19.2%FY19Net margin 18.5%FCF margin 19.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin 21.0% · FCF margin 19.7%FY20Net margin 21.0%FCF margin 19.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 25.5% · FCF margin 20.7%FY21Net margin 25.5%FCF margin 20.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 25.3% · FCF margin 17.9%FY22Net margin 25.3%FCF margin 17.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 25.9% · FCF margin 28.6%FY23Net margin 25.9%FCF margin 28.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 26.4% · FCF margin 27.6%FY24Net margin 26.4%FCF margin 27.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 24.7% · FCF margin 20.1%FY25Net margin 24.7%FCF margin 20.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 24.7%FCF margin 20.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’09’13’17’21’25

FY2025: net 24.7% · free cash flow 20.1% of revenue

Cash engineOperating cash flowFree cash flow
$0$5BFY2007 · OCF $2.21B · FCF $1.94B · 0000950123-09-070205 · filed 2009-12-11FY07OCF $2.21BFCF $1.94B0000950123-09-070205 · filed 2009-12-11FY2008 · OCF $1.71B · FCF $1.42B · 0000950123-10-112754 · filed 2010-12-10FY08OCF $1.71BFCF $1.42B0000950123-10-112754 · filed 2010-12-10FY2009 · OCF $333.0M · FCF $84.0M · 0001193125-11-332050 · filed 2011-12-06FY09OCF $333.0MFCF $84.0M0001193125-11-332050 · filed 2011-12-06FY2010 · OCF $1.72B · FCF $1.55B · 0000006951-12-000018 · filed 2012-12-05FY10OCF $1.72BFCF $1.55B0000006951-12-000018 · filed 2012-12-05FY2011 · OCF $2.43B · FCF $2.22B · 0000006951-13-000044 · filed 2013-12-04FY11OCF $2.43BFCF $2.22B0000006951-13-000044 · filed 2013-12-04FY2012 · OCF $1.85B · FCF $1.69B · 0000006951-14-000037 · filed 2014-12-17FY12OCF $1.85BFCF $1.69B0000006951-14-000037 · filed 2014-12-17FY2013 · OCF $623.0M · FCF $426.0M · 0000006951-15-000034 · filed 2015-12-09FY13OCF $623.0MFCF $426.0M0000006951-15-000034 · filed 2015-12-09FY2014 · OCF $1.80B · FCF $1.56B · 0000006951-16-000068 · filed 2016-12-15FY14OCF $1.80BFCF $1.56B0000006951-16-000068 · filed 2016-12-15FY2015 · OCF $1.16B · FCF $948.0M · 0000006951-17-000038 · filed 2017-12-15FY15OCF $1.16BFCF $948.0M0000006951-17-000038 · filed 2017-12-15FY2016 · OCF $2.57B · FCF $2.31B · 0000006951-18-000041 · filed 2018-12-13FY16OCF $2.57BFCF $2.31B0000006951-18-000041 · filed 2018-12-13FY2017 · OCF $3.79B · FCF $3.44B · 0000006951-19-000046 · filed 2019-12-13FY17OCF $3.79BFCF $3.44B0000006951-19-000046 · filed 2019-12-13FY2018 · OCF $3.79B · FCF $3.17B · 0000006951-20-000048 · filed 2020-12-11FY18OCF $3.79BFCF $3.17B0000006951-20-000048 · filed 2020-12-11FY2019 · OCF $3.25B · FCF $2.81B · 0000006951-21-000043 · filed 2021-12-17FY19OCF $3.25BFCF $2.81B0000006951-21-000043 · filed 2021-12-17FY2020 · OCF $3.80B · FCF $3.38B · 0000006951-22-000043 · filed 2022-12-16FY20OCF $3.80BFCF $3.38B0000006951-22-000043 · filed 2022-12-16FY2021 · OCF $5.44B · FCF $4.77B · 0000006951-23-000041 · filed 2023-12-15FY21OCF $5.44BFCF $4.77B0000006951-23-000041 · filed 2023-12-15FY2022 · OCF $5.40B · FCF $4.61B · 0000006951-24-000044 · filed 2024-12-13FY22OCF $5.40BFCF $4.61B0000006951-24-000044 · filed 2024-12-13FY2023 · OCF $8.70B · FCF $7.59B · 0001628280-25-056742 · filed 2025-12-12FY23OCF $8.70BFCF $7.59B0001628280-25-056742 · filed 2025-12-12FY2024 · OCF $8.68B · FCF $7.49B · 0001628280-25-056742 · filed 2025-12-12FY24OCF $8.68BFCF $7.49B0001628280-25-056742 · filed 2025-12-12FY2025 · OCF $7.96B · FCF $5.70B · 0001628280-25-056742 · filed 2025-12-12FY25OCF $7.96BFCF $5.70B0001628280-25-056742 · filed 2025-12-12FY25OCF $7.96BFCF $5.70B0001628280-25-056742 · filed 2025-12-12’09’13’17’21’25

FY2025: $7.96B operating cash − $2.26B capex = $5.70B free cash flow

Returns on capitalReturn on equityReturn on assets
0%20%40%FY2008 · ROE 12.7% · ROA 8.7%FY08ROE 12.7%ROA 8.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2009 · ROE -4.3% · ROA -3.2%FY09ROE -4.3%ROA -3.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2010 · ROE 12.4% · ROA 8.6%FY10ROE 12.4%ROA 8.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE 21.9% · ROA 13.9%FY11ROE 21.9%ROA 13.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE 1.5% · ROA 0.9%FY12ROE 1.5%ROA 0.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE 3.6% · ROA 2.1%FY13ROE 3.6%ROA 2.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 13.6% · ROA 8.1%FY14ROE 13.6%ROA 8.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE 18.1% · ROA 9.0%FY15ROE 18.1%ROA 9.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE 23.8% · ROA 11.8%FY16ROE 23.8%ROA 11.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 37.6% · ROA 18.1%FY17ROE 37.6%ROA 18.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 44.4% · ROA 17.2%FY18ROE 44.4%ROA 17.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 32.9% · ROA 14.2%FY19ROE 32.9%ROA 14.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE 34.2% · ROA 16.2%FY20ROE 34.2%ROA 16.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 48.1% · ROA 22.8%FY21ROE 48.1%ROA 22.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 53.5% · ROA 24.4%FY22ROE 53.5%ROA 24.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 41.9% · ROA 22.3%FY23ROE 41.9%ROA 22.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 37.8% · ROA 20.9%FY24ROE 37.8%ROA 20.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 34.3% · ROA 19.3%FY25ROE 34.3%ROA 19.3%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 34.3%ROA 19.3%derived: net income ÷ equity · derived: net income ÷ assets’09’13’17’21’25

return on equity 13% (FY2008) → 34% (FY2025) · on assets 19.3%

Balance sheetLiabilitiesEquity
$0$10B$20B$30BFY2008 · Liabilities $3.46B · Equity $7.55BFY08Liabilities $3.46BEquity $7.55B0000950123-09-070205 · filed 2009-12-11FY2009 · Liabilities $2.48B · Equity $7.09BFY09Liabilities $2.48BEquity $7.09B0000950123-10-112754 · filed 2010-12-10FY2010 · Liabilities $3.41B · Equity $7.54BFY10Liabilities $3.41BEquity $7.54B0001193125-11-332050 · filed 2011-12-06FY2011 · Liabilities $5.06B · Equity $8.80BFY11Liabilities $5.06BEquity $8.80B0000006951-12-000018 · filed 2012-12-05FY2012 · Liabilities $4.87B · Equity $7.24BFY12Liabilities $4.87BEquity $7.24B0000006951-13-000044 · filed 2013-12-04FY2013 · Liabilities $4.96B · Equity $7.09BFY13Liabilities $4.96BEquity $7.09B0000006951-14-000037 · filed 2014-12-17FY2014 · Liabilities $5.31B · Equity $7.87BFY14Liabilities $5.31BEquity $7.87B0000006951-15-000034 · filed 2015-12-09FY2015 · Liabilities $7.70B · Equity $7.61BFY15Liabilities $7.70BEquity $7.61B0000006951-16-000068 · filed 2016-12-15FY2016 · Liabilities $7.35B · Equity $7.22BFY16Liabilities $7.35BEquity $7.22B0000006951-17-000038 · filed 2017-12-15FY2017 · Liabilities $10.07B · Equity $9.35BFY17Liabilities $10.07BEquity $9.35B0000006951-18-000041 · filed 2018-12-13FY2018 · Liabilities $10.79B · Equity $6.84BFY18Liabilities $10.79BEquity $6.84B0000006951-19-000046 · filed 2019-12-13FY2019 · Liabilities $10.81B · Equity $8.21BFY19Liabilities $10.81BEquity $8.21B0000006951-20-000048 · filed 2020-12-11FY2020 · Liabilities $11.78B · Equity $10.58BFY20Liabilities $11.78BEquity $10.58B0000006951-21-000043 · filed 2021-12-17FY2021 · Liabilities $13.58B · Equity $12.25BFY21Liabilities $13.58BEquity $12.25B0000006951-22-000043 · filed 2022-12-16FY2022 · Liabilities $14.53B · Equity $12.19BFY22Liabilities $14.53BEquity $12.19B0000006951-23-000041 · filed 2023-12-15FY2023 · Liabilities $14.38B · Equity $16.35BFY23Liabilities $14.38BEquity $16.35B0000006951-24-000044 · filed 2024-12-13FY2024 · Liabilities $15.41B · Equity $19.00BFY24Liabilities $15.41BEquity $19.00B0001628280-25-056742 · filed 2025-12-12FY2025 · Liabilities $15.88B · Equity $20.41BFY25Liabilities $15.88BEquity $20.41B0001628280-25-056742 · filed 2025-12-12FY25Liabilities $15.88BEquity $20.41B0001628280-25-056742 · filed 2025-12-12’09’13’17’21’25

FY2025: $36.30B assets · $15.88B liabilities · $20.41B equity

The receipts