MKS Inc income statement
In fiscal 2025, MKS Inc reported revenue of $3.93bn, up 9.6% on the year before, operating income of $528m (a 13.4% margin) and net income of $295m, or $4.37 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 393 | 853 | 823 | 644 | 669 | 781 | 814 | 1,295 | 1,916 | 2,075 | 1,900 | 2,330 | 2,950 | 3,547 | 3,622 | 3,586 | 3,931 | 4,347 |
| Cost of revenue | 262 | 474 | 448 | 374 | 403 | 443 | 451 | 730 | 1,025 | 1,096 | 1,069 | 1,281 | 1,570 | 2,000 | — | — | — | — |
| Gross profit | 130 | 379 | 375 | 269 | 267 | 338 | 363 | 566 | 891 | 980 | 830 | 1,049 | 1,380 | 1,547 | 1,642 | 1,708 | 1,837 | 2,042 |
| Research and development | 50 | 63 | 61 | 60 | 64 | 63 | 68 | 111 | 133 | 136 | 164 | 173 | 200 | 241 | 288 | 271 | 299 | 310 |
| Selling, general and administrative | 100 | 120 | 128 | 127 | 142 | 132 | 129 | 228 | 290 | 298 | 330 | 353 | 385 | 488 | 675 | 674 | 724 | 755 |
| Operating income | −172 | 196 | 185 | 74 | 58 | 135 | 157 | 157 | 407 | 494 | 220 | 454 | 699 | 617 | −1,554 | 498 | 528 | 681 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31 | 31 | 17 | 44 | 29 | 25 | 177 | 356 | 284 | 212 | 186 |
| Net interest income | — | — | — | — | 1 | 1 | 3 | — | — | — | — | — | — | — | — | — | — | — |
| Income before tax | −170 | 196 | 186 | 75 | 59 | 136 | 159 | 128 | 448 | 481 | 178 | 423 | 665 | 433 | −1,928 | 180 | 304 | 488 |
| Income tax | −21 | 64 | 56 | 27 | 24 | 21 | 37 | 23 | 108 | 88 | 37 | 73 | 114 | 100 | −87 | −10 | 9 | 48 |
| Net income | −213 | 143 | 130 | 48 | 36 | 116 | 122 | 105 | 339 | 393 | 140 | 350 | 551 | 333 | −1,841 | 190 | 295 | 440 |
| Diluted EPS | −$4.31 | $2.80 | $2.45 | $0.90 | $0.67 | $2.16 | $2.28 | $1.94 | $6.16 | $7.14 | $2.55 | $6.33 | $9.90 | $5.56 | −$27.54 | $2.81 | $4.37 | $6.30 |
| Diluted shares (average) | 49m | 51m | 53m | 53m | 53m | 54m | 54m | 54m | 55m | 55m | 55m | 55m | 56m | 60m | 67m | 68m | 68m | 70m |
| EBITDA | −153 | 209 | 198 | 89 | 75 | 156 | 179 | 223 | 489 | 574 | 330 | 553 | 803 | 833 | −1,157 | 846 | 872 | 1,022 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 896 | 934 | 936 | 973 | 988 | 1,033 | 1,078 | 1,248 |
| Gross profit | 432 | 441 | 444 | 453 | 461 | 479 | 507 | 595 |
| Research and development | 70 | 65 | 70 | 76 | 76 | 77 | 81 | 76 |
| Selling, general and administrative | 167 | 176 | 185 | 175 | 180 | 185 | 190 | 200 |
| Operating income | 128 | 136 | 111 | 135 | 138 | 143 | 149 | 251 |
| Interest expense | 64 | 54 | 53 | 55 | 53 | 50 | 45 | 38 |
| Income before tax | 60 | 80 | 59 | 72 | 84 | 89 | 102 | 213 |
| Income tax | −2 | −11 | 7 | 10 | 10 | −18 | 18 | 38 |
| Net income | 62 | 91 | 52 | 62 | 74 | 107 | 84 | 175 |
| Diluted EPS | $0.92 | $1.34 | $0.77 | $0.92 | $1.10 | $1.59 | $1.18 | $2.41 |
| EBITDA | 215 | 222 | 196 | 222 | 223 | 229 | 234 | 336 |
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