MKS Instruments, Inc. (MKSI) Income Statement
MKSI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsMKSI revenue and net income
Where MKSI's revenue goes
2025Each bar shows an amount and its share of revenue. MKSI kept 7.5% of revenue as net income.
MKSI profit margins
MKSI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +9.6% | +3.5% | +11.0% | +17.1% |
| Gross profit | −6.9% | +0.9% | +8.7% | +15.9% |
| Operating income | +13.5% | −2.9% | +4.5% | +13.7% |
| Net income | +55.3% | −4.0% | −3.4% | +9.2% |
| EPS (diluted) | +19.8% | −7.8% | +1.2% | +13.6% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MKSI quarterly EPS vs estimates
MKS Instruments beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 4, 2026 (estimate $3.64).
MKSI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.93B | $3.59B | $3.62B | $3.55B | $2.95B | $2.33B | $1.90B | $2.08B | $1.92B | $1.30B |
| Cost of revenue | $2.34B | $1.88B | $1.98B | $2.00B | $1.57B | $1.28B | $1.07B | $1.10B | $1.02B | $729.7M |
| Gross profit | $1.59B | $1.71B | $1.64B | $1.55B | $1.38B | $1.05B | $830.4M | $979.5M | $891.5M | $565.6M |
| Research & development | $299.0M | $271.0M | $288.0M | $241.0M | $200.0M | $173.0M | $164.1M | $135.7M | $132.6M | $110.6M |
| Sales, general & admin | $724.0M | $674.0M | $683.0M | $488.0M | $385.1M | $353.1M | $330.3M | $298.1M | $290.5M | $229.2M |
| Total operating expenses | $1.02B | $1.21B | $963.0M | $930.0M | $681.0M | $595.0M | $610.6M | $485.4M | $484.8M | $408.4M |
| Operating income | $565.0M | $498.0M | −$1.55B | $617.0M | $699.0M | $454.0M | $219.8M | $494.1M | $406.6M | $157.3M |
| Interest income | $31.0M | $79.0M | $12.0M | $4.0M | $600,000 | $1.4M | $5.5M | $5.8M | $3.0M | $2.6M |
| Interest expense | $212.0M | $345.0M | $356.0M | $177.0M | $25.0M | $29.0M | $50.8M | $17.3M | $31.5M | $30.6M |
| Income before taxes | $304.0M | $180.0M | −$1.93B | $433.0M | $665.0M | $423.0M | $177.8M | $480.9M | $447.6M | $128.0M |
| Income taxes | $9.0M | −$10.0M | −$87.0M | $100.0M | $114.0M | $73.0M | $37.4M | $88.1M | $108.5M | $23.2M |
| Net income | $295.0M | $190.0M | −$1.84B | $333.0M | $551.0M | $350.0M | $140.4M | $392.9M | $339.1M | $104.8M |
| EBITDA | $860.0M | $870.0M | −$1.55B | $832.0M | $794.0M | $551.0M | $331.9M | $578.1M | $561.7M | $224.5M |
| EPS (diluted) | $7.88 | $6.58 | $4.43 | $10.04 | $11.39 | $7.43 | $4.53 | $7.82 | $5.95 | $3.03 |
| Gross margin | 40.4% | 47.6% | 45.3% | 43.6% | 46.8% | 45.0% | 43.7% | 47.2% | 46.5% | 43.7% |
| Operating margin | 14.4% | 13.9% | −42.9% | 17.4% | 23.7% | 19.5% | 11.6% | 23.8% | 21.2% | 12.1% |
| Net margin | 7.5% | 5.3% | −50.8% | 9.4% | 18.7% | 15.0% | 7.4% | 18.9% | 17.7% | 8.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.25B | $1.08B | $1.03B | $988.0M | $973.0M | $936.0M | $934.0M | $896.0M | $887.0M | $868.0M | $892.0M | $932.0M |
| Cost of revenue | $653.0M | $634.0M | $615.0M | $527.0M | $520.0M | $492.0M | $493.0M | $464.0M | $468.0M | $453.0M | $481.0M | $506.0M |
| Gross profit | $595.0M | $444.0M | $418.0M | $461.0M | $453.0M | $444.0M | $441.0M | $432.0M | $419.0M | $415.0M | $411.0M | $426.0M |
| Research & development | $76.0M | $81.0M | $78.0M | $76.0M | $76.0M | $70.0M | $65.0M | $70.0M | $66.0M | $70.0M | $70.0M | $71.0M |
| Sales, general & admin | $200.0M | $190.0M | $185.0M | $180.0M | $175.0M | $185.0M | $176.0M | $167.0M | $161.0M | $170.0M | $161.0M | $167.0M |
| Total operating expenses | $344.0M | $271.0M | $263.0M | $323.0M | $318.0M | $333.0M | $305.0M | $304.0M | $292.0M | $309.0M | $387.0M | $308.0M |
| Operating income | $251.0M | $173.0M | $155.0M | $138.0M | $135.0M | $111.0M | $136.0M | $128.0M | $127.0M | $106.0M | $24.0M | $118.0M |
| Interest income | $2.0M | $2.0M | $7.0M | $6.0M | $7.0M | $9.0M | $19.0M | $20.0M | $18.0M | $6.0M | $7.0M | $4.0M |
| Interest expense | $42.0M | $45.0M | $51.0M | $53.0M | $55.0M | $53.0M | $66.0M | $64.0M | $92.0M | $103.0M | $90.0M | $93.0M |
| Income before taxes | $213.0M | $102.0M | $89.0M | $84.0M | $72.0M | $59.0M | $80.0M | $60.0M | $22.0M | $19.0M | −$80.0M | $22.0M |
| Income taxes | $38.0M | $18.0M | −$18.0M | $10.0M | $10.0M | $7.0M | −$11.0M | −$2.0M | −$1.0M | $4.0M | −$11.0M | −$17.0M |
| Net income | $175.0M | $84.0M | $107.0M | $74.0M | $62.0M | $52.0M | $91.0M | $62.0M | $23.0M | $15.0M | −$69.0M | $39.0M |
| EBITDA | $255.0M | $232.0M | $226.0M | $223.0M | $217.0M | $203.0M | $235.0M | $225.0M | $201.0M | $210.0M | $106.0M | $213.0M |
| EPS (diluted) | $3.30 | $2.30 | $2.47 | $1.93 | $1.77 | $1.71 | $2.15 | $1.72 | $1.53 | $1.18 | $1.17 | $1.46 |
| Gross margin | 47.7% | 41.2% | 40.5% | 46.7% | 46.6% | 47.4% | 47.2% | 48.2% | 47.2% | 47.8% | 46.1% | 45.7% |
| Operating margin | 20.1% | 16.0% | 15.0% | 14.0% | 13.9% | 11.9% | 14.6% | 14.3% | 14.3% | 12.2% | 2.7% | 12.7% |
| Net margin | 14.0% | 7.8% | 10.4% | 7.5% | 6.4% | 5.6% | 9.7% | 6.9% | 2.6% | 1.7% | −7.7% | 4.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MKSI's financial statements (latest annual report filed February 24, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MKSI financial results
In fiscal year 2025 (ended December 31, 2025), MKS Instruments reported revenue of $3.9 billion, up 9.6% from the year before. It had net income of $295.0 million (up 55.3%), a net profit margin of 7.5%. Diluted earnings per share came to $7.88. Over five years revenue grew at an average rate of 11.0% a year.
See the MKSI stock overview for the latest quote and news, or the MKSI chart for price history and technical indicators.
MKSI income statement FAQ
What is MKS Instruments's annual revenue?
MKS Instruments reported total revenue of $3.9 billion for fiscal year 2025, which ended on December 31, 2025. That was up 9.6% from $3.6 billion the previous year.
Is MKS Instruments profitable?
Yes. MKS Instruments reported net income of $295.0 million in fiscal 2025, a net profit margin of 7.5%; its operating margin was 14.4%.
What is MKS Instruments's gross margin?
MKS Instruments's gross margin was 40.4% in fiscal 2025: for every $100 of revenue, MKS Instruments kept $40 after the direct cost of its products and services.
How much does MKS Instruments spend on research and development?
MKS Instruments spent $299.0 million on research and development in fiscal 2025, 7.6% of revenue.
How fast is MKS Instruments growing?
Revenue grew 11.0% a year on average over the last five fiscal years, from $2.3 billion to $3.9 billion.
What are MKS Instruments's earnings per share?
MKS Instruments earned $7.88 per diluted share in fiscal 2025, compared with $6.58 a year earlier.
When will MKS Instruments report its next earnings?
MKS Instruments is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does MKS Instruments's fiscal year end?
MKS Instruments's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 24, 2026.