MKS Instruments, Inc. (MKSI) Balance Sheet
MKSI balance sheet, 2025
December 31, 2025 · U.S. dollars$8.80B assets = $6.08B liabilities + $2.72B equity
Both columns are drawn to the same scale: what MKSI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
MKSI financial health
Descriptive bands, not a rating. Fiscal 2025.
MKSI balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.21B2016 | $8.80B2025 | +16.6%/yr | |
| Total liabilities | $970.5M2016 | $6.08B2025 | +22.6%/yr | |
| Shareholders’ equity | $1.24B2016 | $2.72B2025 | +9.1%/yr | |
| Cash & short-term investments | $418.1M2016 | $675.0M2025 | +5.5%/yr | |
| Total debt | $612.2M2016 | $4.69B2025 | +25.4%/yr | |
| Net cash (debt) | −$194.1M2016 | −$4.02B2025 | −$3.8B | |
| Working capital | $761.5M2016 | $1.58B2025 | +$821.5M | |
| Book value per share | $22.972016 | $40.162025 | +6.4%/yr | |
| Current ratio | 4.212016 | 2.712025 | −1.50 | |
| Debt / equity | 0.492016 | 1.732025 | +1.23 | |
| Shares outstanding | 54.1M2016 | 67.7M2025 | +2.5%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
MKSI assets
MKSI liabilities and equity
MKSI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
MKSI balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $675.0M | $714.0M | $875.0M | $910.0M | $1.04B | $836.0M | $524.0M | $718.2M | $543.3M | $418.1M |
| Cash & equivalents | $675.0M | $714.0M | $875.0M | $909.0M | $966.0M | $608.3M | $414.6M | $644.3M | $333.9M | $228.6M |
| Short-term investments | — | — | $0 | $1.0M | $76.0M | $227.7M | $109.4M | $73.8M | $209.4M | $189.5M |
| Receivables | $651.0M | $615.0M | $603.0M | $720.0M | $443.0M | $392.7M | $341.1M | $295.5M | $300.3M | $248.8M |
| Inventory | $921.0M | $893.0M | $991.0M | $977.0M | $577.0M | $501.4M | $462.1M | $384.7M | $339.1M | $275.9M |
| Other current assets | $263.0M | $252.0M | $227.0M | $187.0M | $85.0M | $74.3M | $106.3M | $65.8M | $53.5M | $56.1M |
| Total current assets | $2.51B | $2.47B | $2.70B | $2.79B | $2.15B | $1.80B | $1.43B | $1.46B | $1.24B | $998.8M |
| Property, plant & equipment (net) | $1.08B | $1.01B | $1.01B | $1.03B | $510.0M | $468.7M | $306.4M | $194.4M | $171.8M | $174.6M |
| Goodwill & intangible assets | $4.71B | $4.75B | $5.17B | $7.48B | $1.80B | $1.58B | $1.62B | $906.8M | $957.4M | $996.6M |
| Long-term investments | $0 | $0 | $0 | $0 | $6.2M | $6.5M | $5.9M | $10.3M | $10.7M | $9.9M |
| Other non-current assets | $492.0M | $356.0M | $240.0M | $186.0M | $72.8M | $45.6M | $47.4M | $38.7M | $37.9M | $32.5M |
| Total assets | $8.80B | $8.59B | $9.12B | $11.49B | $4.54B | $3.90B | $3.42B | $2.61B | $2.41B | $2.21B |
| Liabilities | ||||||||||
| Accounts payable | $407.0M | $341.0M | $327.0M | $426.0M | $168.0M | $110.6M | $88.4M | $83.8M | $82.5M | $69.3M |
| Short-term debt | $51.0M | $81.0M | $123.0M | $119.0M | $27.0M | $30.3M | $32.7M | $4.0M | $3.0M | $11.0M |
| Deferred revenue | — | $71.0M | $77.0M | $94.0M | $37.0M | $31.2M | $21.5M | $14.2M | $12.8M | $14.5M |
| Total current liabilities | $927.0M | $775.0M | $848.0M | $952.0M | $460.0M | $373.9M | $317.7M | $263.3M | $289.8M | $237.3M |
| Long-term debt | $4.15B | $4.49B | $4.70B | $4.83B | $807.9M | $815.0M | $871.7M | $343.8M | $390.0M | $601.2M |
| Lease obligations | $246.0M | $242.0M | $235.0M | $241.0M | $210.6M | $197.9M | $65.4M | — | — | — |
| Other long-term liabilities | $1.00B | $1.00B | $1.10B | $1.23B | $385.1M | $354.0M | $203.6M | $133.9M | $145.3M | $131.9M |
| Total liabilities | $6.08B | $6.27B | $6.65B | $7.01B | $1.65B | $1.54B | $1.39B | $741.1M | $825.1M | $970.5M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | — | — | — | — | $100,000 | $100,000 | $100,000 | $113,000 | $113,000 | $113,000 |
| Retained earnings (deficit) | $711.0M | $503.0M | $373.0M | $2.27B | $1.99B | $1.49B | $1.18B | $1.08B | $795.7M | $494.7M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | −$93.0M | −$248.0M | −$96.0M | $69.0M | −$11.0M | $300,000 | −$22.3M | −$5.7M | $3.5M | −$30.5M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $2.72B | $2.32B | $2.47B | $4.48B | $2.89B | $2.36B | $2.02B | $1.87B | $1.59B | $1.24B |
| Key figures | ||||||||||
| Total debt | $4.69B | $4.78B | $5.02B | $5.17B | $1.03B | $1.03B | $949.2M | $347.8M | $393.0M | $612.2M |
| Net cash (debt) | −$4.02B | −$4.07B | −$4.15B | −$4.26B | $14.0M | −$196.7M | −$425.2M | $370.3M | $150.4M | −$194.1M |
| Working capital | $1.58B | $1.70B | $1.85B | $1.84B | $1.69B | $1.43B | $1.12B | $1.20B | $946.4M | $761.5M |
| Tangible book value | −$2.00B | −$2.43B | −$2.70B | −$3.00B | $1.08B | $782.3M | $400.2M | $966.4M | $631.5M | $245.2M |
| Book value per share | $40.16 | $34.35 | $37.01 | $74.84 | $51.83 | $42.69 | $36.71 | $34.06 | $28.85 | $22.97 |
| Shares outstanding | 67.7M | 67.6M | 66.8M | 59.9M | 55.7M | 55.3M | 55.1M | 55.0M | 55.1M | 54.1M |
| Current ratio | 2.71 | 3.19 | 3.18 | 2.93 | 4.67 | 4.83 | 4.51 | 5.56 | 4.27 | 4.21 |
| Quick ratio | 1.43 | 1.71 | 1.74 | 1.71 | 3.23 | 3.29 | 2.72 | 3.85 | 2.91 | 2.81 |
| Debt / equity | 1.73 | 2.06 | 2.03 | 1.15 | 0.36 | 0.44 | 0.47 | 0.19 | 0.25 | 0.49 |
| Equity / assets | 30.9% | 27.0% | 27.1% | 39.0% | 63.6% | 60.5% | 59.2% | 71.7% | 65.8% | 56.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $611.0M | $569.0M | $675.0M | $697.0M | $674.0M | $655.0M | $714.0M | $861.0M | $851.0M | $846.0M | $875.0M | $860.0M |
| Cash & equivalents | $611.0M | $569.0M | $675.0M | $697.0M | $674.0M | $655.0M | $714.0M | $861.0M | $850.0M | $845.0M | $875.0M | $859.0M |
| Short-term investments | — | — | — | — | — | — | — | — | $1.0M | $1.0M | $0 | $1.0M |
| Receivables | $830.0M | $775.0M | $651.0M | $611.0M | $649.0M | $639.0M | $615.0M | $609.0M | $597.0M | $576.0M | $603.0M | $618.0M |
| Inventory | $1.03B | $949.0M | $921.0M | $934.0M | $918.0M | $894.0M | $893.0M | $940.0M | $938.0M | $971.0M | $991.0M | $1.01B |
| Other current assets | $300.0M | $252.0M | $263.0M | $294.0M | $243.0M | $238.0M | $252.0M | $258.0M | $262.0M | $268.0M | $227.0M | $288.0M |
| Total current assets | $2.77B | $2.54B | $2.51B | $2.54B | $2.48B | $2.43B | $2.47B | $2.67B | $2.65B | $2.66B | $2.70B | $2.77B |
| Property, plant & equipment (net) | $1.06B | $1.06B | $1.08B | $1.04B | $1.08B | $1.01B | $1.01B | $1.02B | $988.0M | $993.0M | $1.01B | $988.0M |
| Goodwill & intangible assets | $4.59B | $4.63B | $4.71B | $4.76B | $4.84B | $4.73B | $4.75B | $5.01B | $4.91B | $5.01B | $5.17B | $5.15B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $509.0M | $491.0M | $492.0M | $438.0M | $421.0M | $383.0M | $356.0M | $328.0M | $314.0M | $265.0M | $240.0M | $223.0M |
| Total assets | $8.94B | $8.73B | $8.80B | $8.78B | $8.83B | $8.56B | $8.59B | $9.02B | $8.86B | $8.93B | $9.12B | $9.14B |
| Liabilities | ||||||||||||
| Accounts payable | $534.0M | $448.0M | $407.0M | $382.0M | $355.0M | $323.0M | $341.0M | $306.0M | $291.0M | $290.0M | $327.0M | $309.0M |
| Short-term debt | $1.40B | $1.40B | $51.0M | $82.0M | $82.0M | $81.0M | $81.0M | $85.0M | $87.0M | $79.0M | $123.0M | $115.0M |
| Deferred revenue | $109.0M | $101.0M | $79.0M | $77.0M | $78.0M | $70.0M | $71.0M | $70.0M | $65.0M | $68.0M | $77.0M | $80.0M |
| Total current liabilities | $2.42B | $2.29B | $927.0M | $886.0M | $832.0M | $781.0M | $775.0M | $781.0M | $740.0M | $721.0M | $848.0M | $838.0M |
| Long-term debt | $2.54B | $2.65B | $4.15B | $4.25B | $4.36B | $4.41B | $4.49B | $4.76B | $4.83B | $4.69B | $4.70B | $4.79B |
| Lease obligations | $243.0M | $244.0M | $246.0M | $281.0M | $289.0M | $242.0M | $242.0M | $251.0M | $239.0M | $239.0M | $235.0M | $208.0M |
| Other long-term liabilities | $985.0M | $976.0M | $1.00B | $1.04B | $1.08B | $1.01B | $1.00B | $1.09B | $1.06B | $1.09B | $1.10B | $1.04B |
| Total liabilities | $5.95B | $5.92B | $6.08B | $6.18B | $6.27B | $6.20B | $6.27B | $6.62B | $6.63B | $6.51B | $6.65B | $6.66B |
| Shareholders' equity | ||||||||||||
| Retained earnings (deficit) | $936.0M | $778.0M | $711.0M | $618.0M | $559.0M | $512.0M | $503.0M | $428.0M | $381.0M | $373.0M | $373.0M | $455.0M |
| Accumulated other comprehensive income | −$41.0M | −$71.0M | −$93.0M | −$108.0M | −$84.0M | −$225.0M | −$248.0M | −$83.0M | −$190.0M | −$150.0M | −$96.0M | −$159.0M |
| Total shareholders' equity | $2.99B | $2.81B | $2.72B | $2.60B | $2.55B | $2.35B | $2.32B | $2.40B | $2.23B | $2.42B | $2.47B | $2.48B |
| Key figures | ||||||||||||
| Total debt | $4.19B | $4.29B | $4.45B | $4.58B | $4.70B | $4.70B | $4.78B | $5.06B | $5.12B | $4.98B | $5.02B | $5.11B |
| Net cash (debt) | −$3.58B | −$3.72B | −$3.77B | −$3.89B | −$4.02B | −$4.05B | −$4.07B | −$4.20B | −$4.27B | −$4.13B | −$4.15B | −$4.25B |
| Working capital | $350.0M | $254.0M | $1.58B | $1.65B | $1.65B | $1.65B | $1.70B | $1.89B | $1.91B | $1.94B | $1.85B | $1.94B |
| Tangible book value | −$1.61B | −$1.82B | −$2.00B | −$2.16B | −$2.28B | −$2.38B | −$2.43B | −$2.61B | −$2.68B | −$2.59B | −$2.70B | −$2.68B |
| Book value per share | $41.10 | $39.54 | $39.99 | $38.46 | $37.88 | $34.77 | $34.30 | $35.47 | $33.08 | $35.96 | $36.84 | $36.90 |
| Shares outstanding | 72.7M | 71.1M | 68.0M | 67.6M | 67.4M | 67.7M | 67.7M | 67.6M | 67.5M | 67.4M | 67.1M | 67.1M |
| Current ratio | 1.14 | 1.11 | 2.71 | 2.86 | 2.99 | 3.11 | 3.19 | 3.42 | 3.58 | 3.69 | 3.18 | 3.31 |
| Quick ratio | 0.59 | 0.59 | 1.43 | 1.48 | 1.59 | 1.66 | 1.71 | 1.88 | 1.96 | 1.97 | 1.74 | 1.76 |
| Debt / equity | 1.40 | 1.53 | 1.64 | 1.76 | 1.84 | 2.00 | 2.06 | 2.11 | 2.29 | 2.05 | 2.03 | 2.06 |
| Equity / assets | 33.4% | 32.2% | 30.9% | 29.6% | 28.9% | 27.5% | 27.0% | 26.6% | 25.2% | 27.1% | 27.1% | 27.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 24, 2026); data from EODHD.
MKSI financial position
At the end of fiscal 2025 (December 31, 2025), MKS Instruments had total assets of $8.8 billion (up 2.4% from a year earlier), total liabilities of $6.1 billion and shareholders' equity of $2.7 billion. It held $675.0 million in cash and short-term investments against $4.7 billion of debt, net debt of $4.0 billion. Its current ratio was 2.71. In the latest quarter (ended June 30, 2026) total assets were $8.9 billion and equity $3.0 billion.
Related: MKSI income statement, MKSI cash flow statement, MKSI key metrics. See the MKSI stock overview for the latest quote and news.
MKSI balance sheet FAQ
What are MKS Instruments's total assets?
MKS Instruments reported total assets of $8.8 billion at the end of fiscal 2025 (December 31, 2025), compared with $8.6 billion a year earlier.
How much debt does MKS Instruments have?
MKS Instruments had $4.7 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.73.
How much cash does MKS Instruments have?
MKS Instruments held $675.0 million in cash and short-term investments at the end of fiscal 2025; with $4.7 billion of debt that is net debt of $4.0 billion.
What is MKS Instruments's book value?
MKS Instruments's shareholders' equity (book value) was $2.7 billion at the end of fiscal 2025, or $40.16 per share.
What is MKS Instruments's current ratio?
MKS Instruments had current assets of $2.5 billion and current liabilities of $927.0 million, a current ratio of 2.71 (it can cover its short-term obligations).
How much goodwill does MKS Instruments have?
MKS Instruments carried $4.7 billion of goodwill and intangible assets, 53.6% of total assets, at the end of fiscal 2025.