Reading the tape
NASDAQ: MKSI
MKS Inc.
Technology · Hardware, Equipment & Parts
Market Cap
$19.63B
52w High
$294.05
52w Low
$71.49
P/E
66.51
Volume
1.90M
Outstanding Shares
67.32M
Price vs Fundamentals
Why The Stock Is Moving
Optimism is getting priced inModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 291.47%Revenue (TTM): 9.62%FCF (TTM): 31.56%P/FCF: 100th pct
What changed
The stock rose 291.47% over the last year. Revenue grew 9.62% over the trailing twelve months. Operating margin moved from 13.86% to 13.72%. Free cash flow grew 31.56% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (100th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 13.72% — continued expansion would be needed to justify the premium. Revenue growth of 9.62% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
MKS Inc. provides instruments, systems, subsystems, and process control solutions that measure, monitor, deliver, analyze, power, and control critical parameters of manufacturing processes worldwide.
CEOJohn T. C. Lee
SectorTechnology
IndustryHardware, Equipment & Parts
Employees10,200
IPO dateMar 30, 1999
Valuation
Forward P/E—
EV/EBITDA17.18
Enterprise value$14.77B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth10.6%
Gross margin45.19%▼15.08%vs FY2024
Operating margin13.72%▲3.50%vs FY2024
ROE10.85%▲32.59%vs FY2024
Analyst consensus
RatingBuy
Target price$272.86▼6.40%
24
Buy
3
Hold
2
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 6, 2026
Q2 FY26 · EPS est $2.00 · Revenue est $1.05B
View
Dividends
$0.91/shareQuarterlyDividend Achiever · 14yrSafeMKSI pays a dividend with a 0.31% dividend yield, 14 consecutive years of growth, growing at 2.61% annually, covered 8.4× by free cash flow.
Dividend Yield
0.31%
Annual Div / Share
$0.91
5yr CAGR
+2.61%
Doubles every ~26.9yr
Payout Ratio
20%
Safe
Dividend Growth Rate
3yr CAGR
+1.12%
5yr CAGR
+2.61%
10yr CAGR
+3.03%
Dividend Safety
10/10Safe
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2025$0.91+3.4%
2024$0.88+0.0%
2023$0.88+0.0%
2022$0.88+0.0%
2021$0.88+10.0%
2020$0.80+0.0%
2019$0.80+0.0%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$3/yr
$0/mo
In 5 yrs
$4/yr+14%
$0/mo
In 10 yrs
$4/yr+29%
$0/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$3/yr $0/mo | $4/yr+14% $0/mo | $4/yr+29% $0/mo |
Yield-on-cost grows from 0.31% → 0.4% over 10yr
Analysis
Dividend Strengths
Dividend Achiever
MKSI has raised its dividend for 14 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.
Well-covered by free cash flow
The dividend is covered 8.4× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Risks to Watch
No strong risk signal stands out from the latest period pair.