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ASML HOLDING NV ASML

Nasdaq · stock · Special Industry Machinery, NEC · website · IPO 1995-02-01

ASML HOLDING NV statistics & valuation

Profitability & efficiency

Net margin (%)
22.70% 22.80% 23.70% 21.90% 25.40% 31.60% 26.60% 28.40% 26.80% 29.40% 2016201720182019202020212022202320242025
Gross margin (%)
45.70% 44.40% 46.00% 44.70% 48.60% 52.70% 50.50% 51.30% 51.30% 52.80% 2016201720182019202020212022202320242025
Operating margin (%)
25.60% 26.90% 27.10% 23.60% 29.00% 36.30% 30.70% 32.80% 31.90% 34.60% 2016201720182019202020212022202320242025
Return on equity (%)
15.60% 19.30% 22.30% 20.60% 25.60% 58.00% 63.80% 58.30% 41.00% 49.00% 2016201720182019202020212022202320242025
Shares outstanding
429.9M 431.6M 426.4M 421.6M 419.1M 410.4M 398.0M 394.1M 393.6M 388.9M 2016201720182019202020212022202320242025
Net debt ($)
$370.9M $776.6M -$94.6M -$424.0M -$1.39B -$2.88B -$3.75B -$2.37B -$9.06B -$10.21B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
9.10% 11.40% 12.90% 11.50% 13.00% 19.50% 15.50% 19.60% 15.60% 19.00% 2016201720182019202020212022202320242025
Free cash flow margin (%)
19.60% 16.30% 22.80% 21.20% 26.20% 53.40% 34.00% 11.90% 32.20% 33.90% 2016201720182019202020212022202320242025
Debt / equity (×)
0.33× 0.28× 0.26× 0.25× 0.34× 0.40× 0.40× 0.34× 0.20× 0.14× 2016201720182019202020212022202320242025
EPS ($)
$3.64 $4.79 $6.08 $6.15 $8.48 $14.34 $14.13 $19.89 $19.24 $24.71 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

ASML HOLDING NV trades at about 73.3× earnings — above its 10-year norm (10-year range 28.8×–63×, median 45.6×).

28.8× 73.3×

Shaded band = 10-year range (28.8×–63×); dot = today's 73.3×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin52.8%51.3%51.3%50.5%52.7%48.6%44.7%46.0%44.4%45.7%
Operating margin34.6%31.9%32.8%30.7%36.3%29.0%23.6%27.1%26.9%25.6%
Net margin29.4%26.8%28.4%26.6%31.6%25.4%21.9%23.7%22.8%22.7%
FCF margin33.9%32.2%11.9%34.0%53.4%26.2%21.2%22.8%16.3%19.6%
Return on assets19.0%15.6%19.6%15.5%19.5%13.0%11.5%12.9%11.4%9.1%
Return on equity49.0%41.0%58.3%63.8%58.0%25.6%20.6%22.3%19.3%15.6%
Debt / equity0.14×0.20×0.34×0.40×0.40×0.34×0.25×0.26×0.28×0.33×
Current ratio1.261.531.501.281.482.412.582.782.802.61

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.