MKSI financial statements

The full income statement, balance sheet, and cash-flow statement for MKS Inc. (MKSI), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-06 67.3M2024-09 67.3M2024-12 67.4M2025-03 67.1M2025-06 67.2M2025-09 67.2M2025-12 67.2M2026-03 67.5M2026-06 67.6M+0.5% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	3.93B YoY+9.6%	3.59B YoY-1.0%	3.62B YoY+2.1%	3.55B YoY+20.2%	2.95B YoY+26.6%
	1.84B YoY+7.6%	1.71B YoY+4.0%	1.64B YoY+6.1%	1.55B YoY+12.1%	1.38B YoY+31.6%
Cost of revenue	—	—	—	2.00B YoY+27.4%	1.57B YoY+22.6%
Research & development	299M YoY+10.3%	271M YoY-5.9%	288M YoY+19.5%	241M YoY+20.5%	200M YoY+15.6%
Selling, general & administrative	724M YoY+7.4%	674M YoY-0.1%	675M YoY+38.3%	488M YoY+26.8%	385M YoY+9.1%
Restructuring	37.0M YoY+516.7%	6.00M YoY-70.0%	20.0M YoY+100.0%	10.0M YoY-9.1%	11.0M YoY+307.4%
Amortization of intangibles	247M YoY+0.8%	245M YoY-16.9%	295M YoY+102.1%	146M YoY+165.5%	55.0M YoY+0.0%
Operating income	528M YoY+6.0%	498M YoY+132.0%	-1.55B YoY-351.9%	617M YoY-11.7%	699M YoY+54.0%
Interest expense	212M YoY-25.4%	284M YoY-20.2%	356M YoY+101.1%	177M YoY+608.0%	25.0M YoY-13.8%
Other non-operating income	-16.0M YoY-900.0%	2.00M YoY+107.4%	-27.0M YoY-145.5%	-11.0M YoY-22.2%	-9.00M YoY-200.0%
Pre-tax income	304M YoY+68.9%	180M YoY+109.3%	-1.93B YoY-545.3%	433M YoY-34.9%	665M YoY+57.2%
Income tax	9.00M YoY+190.0%	-10.0M YoY+88.5%	-87.0M YoY-187.0%	100M YoY-12.3%	114M YoY+56.2%
Net income	295M YoY+55.3%	190M YoY+110.3%	-1.84B YoY-652.9%	333M YoY-39.6%	551M YoY+57.4%
	$4.37 YoY+55.5%	$2.81 YoY+110.2%	-$27.54 YoY-595.3%	$5.56 YoY-43.8%	$9.90 YoY+56.4%
EPS (basic)	$4.39 YoY+55.7%	$2.82 YoY+110.2%	-$27.54 YoY-594.4%	$5.57 YoY-44.0%	$9.95 YoY+56.4%
	67.3M YoY+0.0%	67.3M YoY+0.7%	66.8M YoY+11.9%	59.7M YoY+7.8%	55.4M YoY+0.5%
	67.7M YoY+0.1%	67.6M YoY+1.2%	66.8M YoY+11.5%	59.9M YoY+7.5%	55.7M YoY+0.7%
Dividends per share	$0.88 YoY+0.0%	$0.88 YoY+0.0%	$0.88 YoY+0.0%	$0.88 YoY+2.3%	$0.86 YoY+7.5%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	2.51B YoY+1.5%	2.47B YoY-8.2%	2.70B YoY-3.5%	2.79B YoY+30.1%	2.15B YoY+19.0%
Cash & equivalents	418M YoY-0.5%	420M YoY-17.2%	507M YoY-44.2%	909M YoY-5.9%	966M YoY+58.8%
Short-term investments	—	—	0.00 YoY-100.0%	1.00M YoY-98.7%	76.0M YoY-66.6%
Accounts receivable	651M YoY+5.9%	615M YoY+2.0%	603M YoY-16.3%	720M YoY+62.5%	443M YoY+12.8%
Inventory	921M YoY+3.1%	893M YoY-9.9%	991M YoY+1.4%	977M YoY+69.3%	577M YoY+15.1%
Other current assets	263M YoY+4.4%	252M YoY+11.0%	227M YoY+21.4%	187M YoY+120.0%	85.0M YoY+14.4%
	8.80B YoY+2.4%	8.59B YoY-5.8%	9.12B YoY-20.7%	11.5B YoY+153.2%	4.54B YoY+16.3%
Property, plant & equipment	810M YoY+5.1%	771M YoY-1.7%	784M YoY-2.0%	800M YoY+145.4%	326M YoY+14.7%
Operating lease right-of-use	270M YoY+13.4%	238M YoY+5.8%	225M YoY-3.8%	234M YoY+27.2%	184M YoY-0.2%
Goodwill	2.57B YoY+3.8%	2.48B YoY-2.9%	2.55B YoY-40.7%	4.31B YoY+250.8%	1.23B YoY+15.2%
Intangible assets	2.14B YoY-5.8%	2.27B YoY-13.2%	2.62B YoY-17.5%	3.17B YoY+450.9%	576M YoY+12.5%
Long-term investments	—	—	—	—	6.20M YoY-4.6%
Other non-current assets	492M YoY+38.2%	356M YoY+48.3%	240M YoY+29.0%	186M YoY+135.4%	79.0M YoY+73.2%
	927M YoY+19.6%	775M YoY-8.6%	848M YoY-10.9%	952M YoY+107.0%	460M YoY+23.0%
Accounts payable	407M YoY+19.4%	341M YoY+4.3%	327M YoY-23.2%	426M YoY+153.6%	168M YoY+51.9%
Accrued liabilities	78.0M YoY+25.8%	62.0M	—	—	—
Deferred revenue	79.0M YoY+11.3%	71.0M YoY-7.8%	77.0M YoY-18.1%	94.0M YoY+154.1%	37.0M YoY+18.6%
Short-term & current debt	51.0M YoY+2.0%	50.0M YoY-46.2%	93.0M YoY+0.0%	93.0M YoY+933.3%	9.00M YoY-37.9%
Current lease liability	—	31.0M YoY+3.3%	30.0M YoY+15.4%	26.0M YoY+44.4%	18.0M YoY+13.9%
Other current liabilities	469M YoY+22.1%	384M YoY-10.3%	428M YoY-1.2%	433M YoY+509.9%	71.0M YoY+8.2%
	6.08B YoY-3.0%	6.27B YoY-5.7%	6.65B YoY-5.2%	7.01B YoY+324.2%	1.65B YoY+7.1%
Long-term debt	4.15B YoY-7.5%	4.49B YoY-9.4%	4.95B YoY-3.3%	5.12B YoY+520.8%	825M YoY+1.2%
Deferred revenue (non-current)	4.00M YoY+100.0%	2.00M YoY+0.0%	2.00M YoY+0.0%	2.00M YoY-33.3%	3.00M YoY-46.4%
Non-current lease liability	—	—	—	—	193M YoY+3.0%
Operating lease liability (total)	202M YoY-5.2%	213M YoY+6.0%	201M YoY-1.5%	204M YoY-3.1%	211M YoY+3.6%
Finance lease liability (total)	75.0M YoY+158.6%	29.0M YoY-14.7%	34.0M YoY-8.1%	37.0M	—
Deferred tax liabilities	474M YoY-6.0%	504M YoY-21.3%	640M YoY-18.3%	783M YoY+690.9%	99.0M YoY+67.2%
Other non-current liabilities	131M YoY-12.1%	149M YoY+40.6%	106M YoY+17.8%	90.0M YoY+104.5%	44.0M YoY-24.0%
	2.72B YoY+17.1%	2.32B YoY-6.1%	2.47B YoY-44.9%	4.48B YoY+55.3%	2.89B YoY+22.3%
Preferred stock	—	—	0.00	0.00	0.00
Common stock	0.00	0.00	0.00	0.00	0.00 YoY-100.0%
Additional paid-in capital	2.10B YoY+1.6%	2.07B YoY-5.8%	2.19B YoY+2.5%	2.14B YoY+136.2%	907M YoY+3.9%
Retained earnings	711M YoY+41.4%	503M YoY+34.9%	373M YoY-83.6%	2.27B YoY+14.1%	1.99B YoY+33.9%
Accumulated other comprehensive income	-93.0M YoY+62.5%	-248M YoY-158.3%	-96.0M YoY-239.1%	69.0M YoY+727.3%	-11.0M YoY-3766.7%
Total liabilities & equity	8.80B YoY+2.4%	8.59B YoY-5.8%	9.12B YoY-20.7%	11.5B YoY+153.2%	4.54B YoY+16.3%
	67.2M YoY-0.3%	67.4M YoY+0.7%	66.9M YoY+0.5%	66.6M YoY+20.0%	55.5M YoY+0.5%
	67.2M YoY-0.3%	67.4M YoY+0.7%	66.9M YoY+0.5%	66.6M YoY+20.0%	55.5M YoY+0.5%
	67.2M YoY-0.2%	67.4M YoY+0.5%	67.1M YoY+0.6%	66.7M YoY+20.1%	55.5M YoY+0.5%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	645M YoY+22.2%	528M YoY+65.5%	319M YoY-39.7%	529M YoY-17.3%	640M YoY+24.8%
Depreciation & amortization	344M YoY-1.1%	348M YoY-12.3%	397M YoY+83.8%	216M YoY+107.7%	104M YoY+5.1%
Intangible amortization	247M YoY+0.8%	245M YoY-16.9%	295M YoY+102.1%	146M YoY+165.5%	55.0M YoY+0.0%
Share-based compensation	55.0M YoY+14.6%	48.0M YoY-11.1%	54.0M YoY+20.0%	45.0M YoY+21.6%	37.0M YoY+23.3%
Deferred income taxes	-196M YoY+13.3%	-226M YoY+3.4%	-234M YoY-408.7%	-46.0M YoY-2400.0%	2.00M YoY+128.6%
Change in receivables	16.0M YoY-55.6%	36.0M YoY+131.6%	-114M YoY-2950.0%	4.00M YoY-92.5%	53.0M YoY+17.8%
Change in inventory	50.0M YoY+350.0%	-20.0M YoY-126.3%	76.0M YoY-67.8%	236M YoY+156.5%	92.0M YoY+76.9%
	-145M YoY-23.9%	-117M YoY-39.3%	-84.0M YoY+98.2%	-4.55B YoY-2120.5%	-205M YoY-1.5%
Capital expenditure	148M YoY+25.4%	118M YoY+35.6%	87.0M YoY-47.0%	164M YoY+88.5%	87.0M YoY+2.4%
Free cash flow	497M YoY+21.2%	410M YoY+76.7%	232M YoY-36.4%	365M YoY-34.0%	553M YoY+29.2%
Acquisitions	0.00	0.00	0.00 YoY-100.0%	4.47B YoY+1569.0%	268M
Sales/maturities of investments	—	0.00	0.00 YoY-100.0%	77.0M YoY-83.9%	478M YoY+44.0%
Proceeds from sale of PP&E	3.00M YoY+200.0%	1.00M YoY-66.7%	3.00M YoY-66.7%	9.00M	0.00
	-562M YoY-2.4%	-549M YoY-112.0%	-259M YoY-106.5%	3.97B YoY+6209.2%	-65.0M YoY+46.7%
Long-term debt issued	0.00	0.00	0.00	0.00	0.00
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00 YoY-100.0%
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	45.0M	0.00	0.00	0.00	0.00
Dividends paid	59.0M YoY+0.0%	59.0M YoY+0.0%	59.0M YoY+13.5%	52.0M YoY+10.6%	47.0M YoY+6.8%
Other financing activities	-3.00M YoY+80.0%	-15.0M YoY-400.0%	-3.00M YoY-50.0%	-2.00M	0.00
Net change in cash	-39.0M YoY+75.8%	-161M YoY-373.5%	-34.0M YoY+40.4%	-57.0M YoY-115.9%	358M YoY+85.5%
Interest paid	190M YoY-29.1%	268M YoY-12.1%	305M YoY+177.3%	110M YoY+378.3%	23.0M YoY-11.5%
Income taxes paid	178M YoY+22.8%	145M YoY-19.4%	180M YoY+35.3%	133M YoY+20.9%	110M YoY+66.7%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	10.7B YoY+52.8%	7.03B YoY+2.2%	6.88B YoY+22.1%	5.64B YoY-41.7%	9.67B YoY+16.4%
P/E	36.4× YoY-1.6%	37.0×	—	13.1× YoY-25.1%	17.5× YoY-26.1%
P/S	2.7× YoY+39.4%	2.0× YoY+8.8%	1.8× YoY+3.2%	1.7× YoY-46.7%	3.3× YoY-8.1%
P/B	4.0× YoY+30.5%	3.0× YoY+9.0%	2.8× YoY+104.6%	1.4× YoY-59.4%	3.3× YoY-4.9%
P/FCF	21.6× YoY+26.0%	17.2× YoY-46.6%	32.1× YoY+132.2%	13.8× YoY-20.8%	17.5× YoY-9.9%
	2.7% YoY+1.6%	2.7%	—	7.6% YoY+33.6%	5.7% YoY+35.3%
	4.6% YoY-20.7%	5.8% YoY+87.4%	3.1% YoY-56.9%	7.2% YoY+26.3%	5.7% YoY+11.0%
	0.55% YoY-34.7%	0.84% YoY-1.5%	0.86% YoY-17.6%	1.0% YoY+110.3%	0.49% YoY-7.1%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: MKSI's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all MKSI filings on SEC EDGAR → Not investment advice.