--- title: "Applied Materials: Metrics Guide" description: "Applied Materials revenue, margins, cash flow and balance sheet figures by fiscal year, taken from its SEC filings, with the ratios computed and explained." canonical: https://www.getswoopr.com/stocks/companies/applied-materials/metrics/ source: "Swoopr Investment: https://www.getswoopr.com" --- # Applied Materials: Financial & Operating Metrics Guide ## Direct Answer Applied Materials reported revenue of $28.4 billion for the fiscal year ended October 26, 2025, with an operating margin of 29.2% and net income of $7.0 billion, according to its SEC filings. Revenue grew 4.4% from the prior year. ## What Are Applied Materials's Key Financial Figures? | Fiscal year | FY2025ended October 26, 2025 | FY2024ended October 27, 2024 | FY2023ended October 29, 2023 | FY2022ended October 30, 2022 | | --- | --- | --- | --- | --- | | Revenue | $28.4 billion | $27.2 billion | $26.5 billion | $25.8 billion | | Operating income | $8.3 billion | $7.9 billion | $7.7 billion | $7.8 billion | | Operating margin | 29.2% | 28.9% | 28.9% | 30.2% | | Net income | $7.0 billion | $7.2 billion | $6.9 billion | $6.5 billion | | Net margin | 24.7% | 26.4% | 25.9% | 25.3% | | Operating cash flow | $8.0 billion | $8.7 billion | $8.7 billion | $5.4 billion | | Capital expenditures | $2.3 billion | $1.2 billion | $1.1 billion | $787 million | | Free cash flow | $5.7 billion | $7.5 billion | $7.6 billion | $4.6 billion | Operating margin held roughly steady between fiscal 2024 and 2025, which separates pricing and cost discipline from revenue growth alone. Free cash flow (operating cash flow minus capital expenditures) was $5.7 billion against net income of $7.0 billion; cash generation fell short of reported earnings, which is worth reconciling in the cash flow statement. ![Bar chart of Applied Materials revenue, operating income, net income for fiscal 2022 to 2025. In fiscal 2025, revenue was $28.4 billion, operating income $8.3 billion and net income $7.0 billion.](https://www.getswoopr.com/images/charts/applied-materials-metrics-revenue-profit.webp) *Applied Materials revenue, operating income and net income by fiscal year, from the figures in the table above. Select the chart to open it full size.* ![Line chart of Applied Materials operating margin and net margin for fiscal 2022 to 2025. In fiscal 2025, operating margin was 29.2% and net margin was 24.7%.](https://www.getswoopr.com/images/charts/applied-materials-metrics-margins.webp) *Applied Materials operating margin and net margin by fiscal year: operating income and net income as a share of revenue. Select the chart to open it full size.* ![Bar chart of Applied Materials operating cash flow, capital expenditures, free cash flow for fiscal 2022 to 2025. In fiscal 2025, operating cash flow was $8.0 billion, capital expenditures was $2.3 billion, free cash flow was $5.7 billion.](https://www.getswoopr.com/images/charts/applied-materials-metrics-cash-flow.webp) *Applied Materials operating cash flow, capital expenditures and free cash flow by fiscal year. Select the chart to open it full size.* ## What Does Applied Materials's Balance Sheet Show? | Cash and cash equivalents | $7.2 billion | | --- | --- | | Long-term debt | $6.5 billion | | Total assets | $36.3 billion | | Total liabilities | $15.9 billion | | Shareholders' equity | $20.4 billion | | Current ratio | 2.6x | Balance sheet values are as of the end of fiscal 2025. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions. ## Where These Numbers Come From Every figure on this page is a value Applied Materials reported in its own SEC filings, read from the SEC's XBRL data (accession 0001628280-25-056742 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 7, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary. Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation. ## Frequently Asked Questions ### What was Applied Materials's revenue in fiscal 2025? Applied Materials reported revenue of $28.4 billion for the fiscal year ended October 26, 2025, according to its SEC filings. ### What is Applied Materials's operating margin? Applied Materials's operating margin was 29.2% in fiscal 2025: operating income of $8.3 billion on revenue of $28.4 billion. ### How much free cash flow did Applied Materials generate? Operating cash flow of $8.0 billion less capital expenditures of $2.3 billion gives free cash flow of $5.7 billion for fiscal 2025. ## References - [SEC EDGAR: APPLIED MATERIALS INC /DE Form 10-K filed December 12, 2025](https://www.sec.gov/Archives/edgar/data/6951/000162828025056742/amat-20251026.htm) - [SEC EDGAR: APPLIED MATERIALS INC /DE annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=6951&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) ## Related Pages - [Applied Materials company dossier](https://www.getswoopr.com/stocks/companies/applied-materials/) - [Applied Materials financial metrics](https://www.getswoopr.com/stocks/companies/applied-materials/metrics/) - [Applied Materials financial risk indicators](https://www.getswoopr.com/stocks/companies/applied-materials/risks/) - [Applied Materials peer comparison](https://www.getswoopr.com/stocks/companies/applied-materials/competitors/) - [Applied Materials business model and revenue mix](https://www.getswoopr.com/stocks/companies/applied-materials/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) **[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)** Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. 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