ASML Holding N.V.

ASMLNL

ASML Holding N.V. provides lithography solutions for the development, production, marketing, sales, upgrading, and servicing of advanced semiconductor equipment systems. The company offers lithography, metrology, and inspection systems. It also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography systems solutions to manufacture various range of semiconductor nodes and technologies. In addition, the company offers metrology and inspection systems, including YieldStar optical metrology systems, a diffraction-based wafer metrology platform to assess the quality of patterns on the wafers; and HMI electron beam solutions to locate and analyze individual chip defects. Further, it provides computational lithography solutions, and lithography systems and control software solutions; and refurbishes and upgrades lithography systems, as well as offers customer support and related services. Additionally, the company offers hardware, software, and services to chipmakers to produce the patterns of integrated circuits. It operates in Japan, South Korea, Singapore, Taiwan, China, rest of Asia, the Netherlands, rest of Europe, the Middle East, Africa, and the United States. The company was formerly known as ASM Lithography Holding N.V. and changed its name to ASML Holding N.V. in 2001. ASML Holding N.V. was founded in 1984 and is headquartered in Veldhoven, the Netherlands.

Founded1984IPO year1995As of2026-08-04
Market Cap
$654.82B
Enterprise Value
$649.22B
EV / LTM Revenue
19.9x
EV / NTM Revenue
12.9x
Trading multiples

Enterprise value over trailing (LTM) vs. forward (NTM) fundamentals. Click an LTM cell to chart it.

LTM
trailing
NTM
forward
Revenue
12.9x
Gross Profit
24.5x
EBITDA
33.1x
Classification
Sector
Semiconductors
Sub-sector
Semiconductor Equipment
Listing
ASML
Country
NL
Historical valuation & fundamentals

EV / LTM Revenue

Annual financials & analyst forecasts

$MCY2021CY2022CY2023CY2024CY2025CY2026ECY2027E
Revenue YoY14%30%3%16%32%27%
Revenue$18.61B$21.17B$27.56B$28.26B$32.67B$43.24B$55.01B
Gross Profit$9.81B$10.70B$14.14B$14.49B$17.26B
Gross Profit Margin52.7%50.5%51.3%51.3%52.8%
EBITDA$7.12B$7.19B$10.17B$10.30B$12.84B$16.89B$21.48B
EBITDA Margin38.3%33.9%36.9%36.5%39.3%39.1%39.1%
EBIT$6.75B$6.50B$9.04B$9.02B$11.30B$14.57B$18.53B
Net Income$5.88B$5.62B$7.84B$7.57B$9.61B$12.79B$20.55B
Free Cash Flow$10.23B$7.15B$3.24B$9.53B$10.71B
FCF Margin54.9%33.8%11.7%33.7%32.8%
Short-Term Debt$0M$0M$0M$1.08B$0M
Long-Term Debt$4.08B$3.49B$4.65B$3.68B$2.71B
Cash & Cash Equivalents$4.83B$7.21B$7.03B$12.74B$12.91B
Net Debt($750M)($3.72B)($2.38B)($7.98B)($10.20B)
Net Debt / EBITDA-0.1x-0.5x-0.2x-0.8x-0.8x
Rule of 4047.6%41.9%36.3%48.4%
Figures in $M. True calendar years (Jan–Dec) built from quarterly data — income & cash-flow lines summed across the four quarters, balance sheet as of year-end. E columns are calendarized analyst consensus — gross profit, cash flow and balance-sheet lines are not estimated. Net debt = short-term debt + long-term debt − cash & cash equivalents; Rule of 40 = YoY revenue growth + FCF margin.