Business Description
MKS Inc. (MKSI) functions as a worldwide supplier of sophisticated instruments, integrated systems, specialized components, and advanced process control solutions. The company's products are engineered to precisely measure, observe, deliver, evaluate, energize, and regulate essential operational factors within diverse manufacturing environments across the globe. Its offerings are categorized into three primary divisions: 1. Vacuum & Analysis: This segment provides cutting-edge solutions for managing pressure and vacuum, featuring both direct and indirect pressure sensing devices. It also offers material handling technologies, including flow and valve systems, alongside integrated pressure measurement and control subsystems designed for meticulous process regulation. Furthermore, it supplies power delivery apparatus such as microwave, radio frequency matching networks, and metrology tools, which are crucial for supplying energy to etching, stripping, and deposition procedures. Plasma and reactive gas products also fall under this division. 2. Light & Motion: Concentrating on light-based technologies, this unit features a broad spectrum of laser products, encompassing continuous wave, pulsed nanosecond, diode, diode-pumped solid-state, and fiber lasers. Its photonics portfolio includes motion control systems, optical tables with vibration isolation platforms, a variety of photonic instruments, precision optics and optical assemblies, opto-mechanical parts, temperature sensing devices vital for wafer fabrication, and laser/LED measurement equipment like power/energy meters, beam profilers, and optical/photonic subsystems. 3. Equipment & Solutions: This division specializes in laser-driven systems for printed circuit board (PCB) manufacturing. Its offerings cover flexible interconnect PCB processing and high-density interconnect solutions for rigid PCB production and substrate preparation. Additionally, it provides test systems for multi-layer ceramic capacitors. MKS Inc. serves a wide array of sectors, including semiconductor manufacturing, industrial technologies, life and health sciences, academic research, and defense. The company distributes its products and services through its internal sales team, independent distributors, sales representatives, and directly via its online platforms and product catalogs. Founded in 1961, MKS Inc. maintains its corporate headquarters in Andover, Massachusetts.
Business History
Price Overview
Last updated: Jun 27, 2026 10:06am (just now)Price History (1 Year)
Revenue & Net Income Trend
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
EPS (Diluted): 4.39
Total Equity: $2.72B
Shares: 67,700,000
Total Debt: $4.45B
Cash: $675.00M
EBITDA: $860.00M
Total Debt: $4.45B
Cash: $675.00M
Revenue: $3.93B
Revenue: $3.93B
Revenue: $3.93B
Total Equity: $2.72B
Tax Rate: 3.0%
Equity: $2.72B
Total Debt: $4.45B
Cash: $675.00M
Current Liabilities: $927.00M
Long-Term Debt: $4.40B
Total Debt: $4.45B
Total Equity: $2.72B
Shares: 67,700,000
Shares: 67,700,000
CapEx: -$148.00M
Shares: 67,700,000
Stock Price: $388.61
Net Income: $295.00M
Industry Benchmarks
Deep Analysis
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Income Statement (Annual)
Last updated: Jun 21, 2026 7:21pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $3.0B | $3.5B | $3.6B | $3.6B | $3.9B |
| Cost of Revenue | $1.6B | $2.0B | $2.0B | $1.9B | $2.3B |
| Gross Profit | $1.4B | $1.5B | $1.6B | $1.7B | $1.6B |
| Operating Expenses | $681.0M | $930.0M | $3.2B | $1.2B | $1.0B |
| Operating Income | $699.0M | $617.0M | -$1.6B | $498.0M | $565.0M |
| Net Income | $551.0M | $333.0M | -$1.8B | $190.0M | $295.0M |
| EBITDA | $794.0M | $832.0M | -$1.1B | $870.0M | $860.0M |
| EPS | $9.95 | $5.58 | $-27.56 | $2.82 | $4.39 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 7:21pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $966.0M | $909.0M | $875.0M | $714.0M | $675.0M |
| Total Current Assets | $2.1B | $2.8B | $2.7B | $2.5B | $2.5B |
| Total Assets | $4.5B | $11.5B | $9.1B | $8.6B | $8.8B |
| Current Liabilities | $460.0M | $952.0M | $848.0M | $775.0M | $927.0M |
| Long-Term Debt | $808.0M | $4.8B | $4.7B | $4.5B | $4.4B |
| Total Liabilities | $1.7B | $7.0B | $6.6B | $6.3B | $6.1B |
| Total Equity | $2.9B | $4.5B | $2.5B | $2.3B | $2.7B |
| Retained Earnings | $2.0B | $2.3B | $373.0M | $503.0M | $711.0M |
Cash Flow (Annual)
Last updated: Jun 21, 2026 7:21pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $639.5M | $529.0M | $319.0M | $528.0M | $645.0M |
| Capital Expenditure | -$86.7M | -$164.0M | -$87.0M | -$118.0M | -$148.0M |
| Free Cash Flow | $552.8M | $365.0M | $232.0M | $410.0M | $497.0M |
| Acquisitions (net) | -$268.4M | -$4.5B | $0 | $0 | $3.0M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | -$45.0M |
| Net Change in Cash | $358.0M | -$57.0M | -$34.0M | -$161.0M | -$39.0M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 10:06am (just now)| Metric | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Revenue |
$3.9B $3.9B – $3.9B
|
$4.8B $4.7B – $4.9B
|
$5.5B $5.3B – $5.7B
|
$6.0B $6.0B – $6.0B
|
| EBITDA |
$516.5M $512.6M – $517.8M
|
$633.2M $621.4M – $647.6M
|
$728.8M $693.9M – $753.4M
|
$789.8M $789.8M – $789.8M
|
| Net Income |
$534.2M $528.5M – $539.9M
|
$784.9M $759.6M – $810.2M
|
$1.0B $918.7M – $1.1B
|
$1.1B $1.1B – $1.2B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 7:21pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +20.2% | +2.1% | -1.0% | +9.6% |
| Gross Profit Growth | +12.1% | +6.1% | +4.0% | -6.9% |
| Operating Income Growth | -11.7% | -351.9% | +132.0% | +13.5% |
| Net Income Growth | -39.6% | -652.9% | +110.3% | +55.3% |
| EBITDA Growth | +4.8% | -233.3% | +178.4% | -1.1% |
Dividend History (Last 20)
Last updated: Jun 21, 2026 7:21pm (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-06-03 | $0.25 | 2026-05-11 | 2026-06-03 | 2026-06-12 |
| 2026-02-23 | $0.25 | 2026-02-09 | 2026-02-23 | 2026-03-06 |
| 2025-11-24 | $0.22 | 2025-11-03 | 2025-11-24 | 2025-12-05 |
| 2025-08-25 | $0.22 | 2025-08-04 | 2025-08-25 | 2025-09-05 |
| 2025-05-27 | $0.22 | 2025-05-12 | 2025-05-27 | 2025-06-06 |
| 2025-02-24 | $0.22 | 2025-02-11 | 2025-02-24 | 2025-03-07 |
| 2024-11-25 | $0.22 | 2024-11-05 | 2024-11-25 | 2024-12-06 |
| 2024-08-26 | $0.22 | 2024-08-06 | 2024-08-26 | 2024-09-06 |
| 2024-05-24 | $0.22 | 2024-05-08 | 2024-05-28 | 2024-06-07 |
| 2024-02-23 | $0.22 | 2024-02-05 | 2024-02-26 | 2024-03-08 |
| 2023-11-24 | $0.22 | 2023-11-07 | 2023-11-27 | 2023-12-08 |
| 2023-08-25 | $0.22 | 2023-08-08 | 2023-08-28 | 2023-09-08 |
| 2023-05-26 | $0.22 | 2023-05-17 | 2023-05-30 | 2023-06-09 |
| 2023-02-24 | $0.22 | 2023-02-07 | 2023-02-27 | 2023-03-10 |
| 2022-11-25 | $0.22 | 2022-10-25 | 2022-11-28 | 2022-12-09 |
| 2022-08-05 | $0.22 | 2022-07-26 | 2022-08-08 | 2022-09-09 |
| 2022-05-26 | $0.22 | 2022-05-11 | 2022-05-30 | 2022-06-10 |
| 2022-02-25 | $0.22 | 2022-02-08 | 2022-02-28 | 2022-03-11 |
| 2021-11-26 | $0.22 | 2021-10-26 | 2021-11-29 | 2021-12-10 |
| 2021-08-27 | $0.22 | 2021-07-27 | 2021-08-30 | 2021-09-10 |
Narrative Economics
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