Valuation, from the filing
| Public float | $121.32B | Market value of stock held by non-affiliates, as stated on the cover page for 2025-04-27 |
|---|---|---|
| Float per share | $153.00 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / net income | 17.3× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / revenue | 4.3× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 5.9× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-04-27, not today, and each multiple below it uses the figures for the fiscal year ending 2025-10-26 — the year that filing covered.
Valuation over time
17.3× earnings today, against a median of 15.0× across 10 years on record. Above its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2025-04-27 | $121.32B | 17.3× | |
| 2024-04-28 | $167.93B | 23.4× | |
| 2023-04-30 | $94.69B | 13.8× | |
| 2022-05-01 | $95.73B | 14.7× | |
| 2021-05-02 | $120.89B | 20.5× | |
| 2020-04-26 | $47.23B | 13.1× | |
| 2019-04-28 | $41.68B | 15.4× | |
| 2018-04-29 | $49.67B | 16.4× | |
| 2017-04-28 | $43.55B | 12.4× | |
| 2016-05-01 | $22.25B | 12.9× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
How this compares in its industry
Percentile among the Semiconductors & Related Devices filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.
| Measure | Reported | Percentile | |
|---|---|---|---|
| Operating margin | 29.2% | 91th | |
| Net margin | 24.7% | 88th | |
| FCF margin | 20.1% | 83th | |
| SBC / revenue | 2.4% | 19th | |
| Effective tax rate | 24.5% | 78th | |
| R&D / revenue | 12.6% | 31th | |
| CapEx / revenue | 8.0% | 68th | |
| Revenue YoY growth | 4.4% | 33th | |
| Gross margin | 48.7% | 60th | |
| Current ratio | 2.61x | 44th | |
| Long-term debt / equity | 0.32x | 55th |
APPLIED MATERIALS INC /DE (AMAT) reported revenue of $30.84B and net income of $9.27B for the fiscal year ended 2026-07-26. This page shows 1 annual period of income statement, balance sheet and cash flow figures normalized from APPLIED MATERIALS INC /DE’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Semiconductors & Related Devices.
Income
| Metric | 2026-07-26 |
|---|---|
| Revenue | $30.84B |
| Cost of revenue | $15.60B |
| Gross profit | $15.23B |
| Operating income | $9.14B |
| Net income | $9.27B |
| Research & development | $3.97B |
| Weighted-average diluted shares | Unavailable |
| Pretax income | $10.73B |
| Income tax expense | $1.46B |
| Diluted EPS | Unavailable |
| Selling, general & administrative | $1.67B |
| General & administrative | $758.00M |
| Selling & marketing | $916.00M |
Balance
| Metric | 2026-07-26 |
|---|---|
| Cash & equivalents | $7.04B |
| Total assets | $43.52B |
| Current assets | $25.10B |
| Total liabilities | $17.90B |
| Current liabilities | $10.36B |
| Total equity incl. NCI | $25.63B |
| Temporary (mezzanine) equity | Unavailable |
| Inventory | $6.56B |
| Accounts receivable | $7.69B |
| Goodwill | $3.87B |
| Long-term debt | $5.24B |
| Accounts payable | $2.39B |
Cash flow
| Metric | 2026-07-26 |
|---|---|
| Operating cash flow | $8.40B |
| Capital expenditures | $2.77B |
| Investing cash flow | -$3.29B |
| Financing cash flow | -$3.46B |
| Net change in cash | $1.64B |
| Stock-based compensation | $701.00M |
| Common dividends paid | $1.52B |
| Common share repurchases | $2.03B |
| Depreciation & amortization | $527.00M |
Derived
| Metric | 2026-07-26 |
|---|---|
| Free cash flow | $5.62B |
| Gross margin | 49.4% |
| Operating margin | 29.6% |
| FCF margin | 18.2% |
| SBC / revenue | 2.3% |
| Current ratio | 2.42x |
| Revenue YoY growth | 7.8% |
| Net margin | 30.1% |
| R&D / revenue | 12.9% |
| CapEx / revenue | 9.0% |
| Long-term debt / equity | 0.20x |
| Effective tax rate | 13.6% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open AMAT in the interactive workspace to inspect any figure back to its filing.
Source filings
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.