MKS Inc. (MKSI) Financial Statements

Executive TeamFinancials
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MKS financial statements at a glance

MKS reported revenue of $3.93 billion for fiscal year 2025 (ended December 31, 2025), up 9.5% from fiscal year 2024. Net income was $295.00 million, a net margin of 7.5%, and diluted earnings per share were $4.37.

At the end of fiscal year 2025 it had total assets of $8.80 billion, total liabilities of $6.08 billion and shareholders' equity of $2.72 billion, with cash and short-term investments of $675.00 million and total debt of $4.45 billion.

Its operations brought in $645.00 million of cash; capital spending was $148.00 million, leaving free cash flow of $497.00 million.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2025.

MKSI logo

MKS Inc.

MKSIUnited States
Technology
USD (Local)

Income Statement

Annual • USD

Total Revenue
3.93B
Prev Year: 3.59B
YoY: +9.5%
Operating Revenue
3.93B
Prev Year: 3.59B
YoY: +9.5%
Tax Effect of Unusual Items
-1.39M
Prev Year: -15.12M
YoY: +90.8%
Total Unusual Items
-47.00M
Prev Year: -72.00M
YoY: +34.7%
Total Unusual Items Excluding Goodwill
-47.00M
Prev Year: -72.00M
YoY: +34.7%
Interest Expense
229.00M
Prev Year: 342.00M
YoY: -33.0%
Other Income Expense
-63.00M
Prev Year: -70.00M
YoY: +10.0%
Other Non-operating Income (expense)
-16.00M
Prev Year: 2.00M
YoY: -900.0%
Special Income Charges
-47.00M
Prev Year: -72.00M
YoY: +34.7%
Other Special Charges
10.00M
Prev Year: 57.00M
YoY: -82.5%
Restructuring and Mergers Acquisition
37.00M
Prev Year: 15.00M
YoY: +146.7%
Total Other Finance Cost
2.00M
Prev Year: 5.00M
YoY: -60.0%
Non-operating Interest Expense
229.00M
Prev Year: 342.00M
YoY: -33.0%
Depreciation Amortization Depletion
247.00M
Prev Year: 245.00M
YoY: +0.8%
Depreciation and amortization
247.00M
Prev Year: 245.00M
YoY: +0.8%
Amortization
247.00M
Prev Year: 245.00M
YoY: +0.8%
Amortization of Intangibles
247.00M
Prev Year: 245.00M
YoY: +0.8%
Research and Development
299.00M
Prev Year: 271.00M
YoY: +10.3%
Selling General and Administrative
724.00M
Prev Year: 674.00M
YoY: +7.4%
Cost of Revenue
2.09B
Prev Year: 1.88B
YoY: +11.4%
Gross Profit
1.84B
Prev Year: 1.71B
YoY: +7.4%
Operating Expense
1.27B
Prev Year: 1.19B
YoY: +6.7%
Operating Income
567.00M
Prev Year: 518.00M
YoY: +9.5%
Net Non Operating Interest Income Expense
-200.00M
Prev Year: -268.00M
YoY: +25.4%
Non-operating Interest Income
31.00M
Prev Year: 79.00M
YoY: -60.8%
Pre-tax Income
304.00M
Prev Year: 180.00M
YoY: +68.9%
Provision for Income Taxes
9.00M
Prev Year: -10.00M
YoY: +190.0%
Net Income Common Stockholders
295.00M
Prev Year: 190.00M
YoY: +55.3%
Net Income
295.00M
Prev Year: 190.00M
YoY: +55.3%
Net Income Including Non-Controlling Interests
295.00M
Prev Year: 190.00M
YoY: +55.3%
Net Income from Continuing Operations
295.00M
Prev Year: 190.00M
YoY: +55.3%
Diluted NI Available to Com Stockholders
295.00M
Prev Year: 190.00M
YoY: +55.3%
Diluted EPS
4.37
Weighted Average Shares (basic)
67.30M
Basic EPS
-
Weighted Average Shares (diluted)
67.70M
Total Operating Income as Reported
528.00M
Prev Year: 498.00M
YoY: +6.0%
Total Expenses
3.36B
Prev Year: 3.07B
YoY: +9.6%
Net Income from Continuing and Discontinued Operation
295.00M
Prev Year: 190.00M
YoY: +55.3%
Normalized Income
340.61M
Prev Year: 246.88M
YoY: +38.0%
Interest Income
31.00M
Prev Year: 79.00M
YoY: -60.8%
Net Interest Income
-200.00M
Prev Year: -268.00M
YoY: +25.4%
EBIT
533.00M
Prev Year: 522.00M
YoY: +2.1%
EBITDA
877.00M
Prev Year: 870.00M
YoY: +0.8%
Reconciled Cost of Revenue
2.00B
Prev Year: 1.77B
YoY: +12.8%
Reconciled Depreciation
344.00M
Prev Year: 348.00M
YoY: -1.1%
Net Income from Continuing Operation Net Minority Interest
295.00M
Prev Year: 190.00M
YoY: +55.3%
Normalized EBITDA
924.00M
Prev Year: 942.00M
YoY: -1.9%
Tax Rate for Calcs
0.03
Prev Year: 0.21
YoY: -85.9%
Values in USD

MKS key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue$3.9B$3.6B$3.6B$3.6B$3.0B
Gross profit$1.8B$1.7B$1.6B$1.6B$1.4B
Operating income$567.0M$518.0M$384.0M$672.0M$740.0M
Net income$295.0M$190.0M-$1.8B$333.0M$551.0M
Diluted EPS$4.37–-$27.54$5.56$9.90
Total assets$8.8B$8.6B$9.1B$11.5B$4.5B
Total liabilities$6.1B$6.3B$6.7B$7.0B$1.7B
Shareholders' equity$2.7B$2.3B$2.5B$4.5B$2.9B
Cash and short-term investments$675.0M$714.0M$875.0M$910.0M$1.0B
Total debt$4.4B$4.8B$5.0B$5.2B$1.0B
Operating cash flow$645.0M$528.0M$319.0M$529.0M$640.0M
Capital spending$148.0M$118.0M$87.0M$164.0M$87.0M
Free cash flow$497.0M$410.0M$232.0M$365.0M$553.0M

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2014.

Questions and answers

What was MKS's revenue in fiscal year 2025?

$3.93 billion, up 9.5% from $3.59 billion in fiscal year 2024.

How much profit does MKS make?

MKS reported net income of $295.00 million for fiscal year 2025 (7.5% of revenue); operating income was $567.00 million.

How much cash and debt does MKS have?

At the end of fiscal year 2025: cash and short-term investments of $675.00 million and total debt of $4.45 billion.

What is MKS's free cash flow?

$497.00 million in fiscal year 2025 (operating cash flow of $645.00 million minus capital spending of $148.00 million).

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Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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