Comparison

APPLIED MATERIALS INC /DE (AMAT) vs ASML HOLDING NV (ASML)

The same filed metrics for both companies, side by side.

What each names as a risk in its own annual report, how each is priced against its own history, and the tracked managers whose latest 13F reports a position in both.

Financials

AMAT

APPLIED MATERIALS INC /DE

Semiconductor Equipment & Materials

Revenue, FY25: $28.37B
Net income: $7B
Operating cash flow: $7.96B
Free cash flow: $5.7B
Net margin: 24.67%
Operating margin: 29.22%
Gross margin: 48.67%

ASML

ASML HOLDING NV

Semiconductor Equipment & Materials

Revenue, FY25: $32.67B
Net income: $9.61B
Operating cash flow: $12.66B
Free cash flow: $11.08B
Net margin: 29.42%
Operating margin: 34.60%
Gross margin: 52.83%

Head-to-head

Filed growth, quality and valuation, read against each company’s own history rather than against the other side.

Metric	AMAT	ASML
Revenue growth, latest filed year	+4.39%	+15.58%
Piotroski F-score	6 of 9	8 of 9
P/E against its own history	91.35% above	-

What each says it is exposed to

From Item 1A of each company’s most recent 10-K.

AMAT

Semiconductor supply
Tax
China
Cybersecurity
Supply chain
Tariffs

And 17 more.

ASML

No 10-K read yet.

Tracked managers holding both

Stephen Mandel Lone Pine Capital 5.34% · 6.92%
Philippe Laffont Coatue Management 6.26% · 1.21%
Joel Greenblatt Gotham Asset Management 0.23% · 0.00%

Updated Aug 27, 2026 · the newer of the two companies' filings