MKS Instruments, Inc. (MKSI) financial statements: income statement, balance sheet and cash flow
MKS Instruments, Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), MKS Instruments, Inc. reported revenue of $3.9B (+9.6% year on year) and net income of $295.0M (+55.3% year on year).
Income statement
MKS Instruments, Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net revenues
$3.9B
$3.6B
$3.6B
$3.5B
Cost of revenues
$2.1B
$1.9B
$2.0B
$2.0B
Gross profit
$1.8B
$1.7B
$1.6B
$1.5B
Research and development
$299.0M
$271.0M
$288.0M
$241.0M
Selling, general and administrative
$724.0M
$674.0M
$675.0M
$488.0M
Acquisition and integration costs
$0
$9.0M
$16.0M
$52.0M
Restructuring and other
$37.0M
$6.0M
$20.0M
$10.0M
Fees and expenses related to amendments to the Term Loan Facility
$2.0M
—
—
—
Amortization of intangible assets
$247.0M
$245.0M
$295.0M
$146.0M
Goodwill and intangible asset impairments
$0
$0
$1.9B
—
Gain on sale of long-lived assets
$0
$0
($2.0M)
($7.0M)
Income (loss) from operations
$528.0M
$498.0M
($1.6B)
$617.0M
Interest income
($14.0M)
($21.0M)
($17.0M)
($4.0M)
Interest expense
$212.0M
$284.0M
$356.0M
$177.0M
Loss on extinguishment of debt
($10.0M)
$57.0M
$8.0M
—
Other expense (income), net
$16.0M
($2.0M)
$27.0M
$11.0M
Income (loss) before income taxes
$304.0M
$180.0M
($1.9B)
$433.0M
(Benefit) provision for income taxes
$9.0M
($10.0M)
($87.0M)
$100.0M
Net income (loss)
$295.0M
$190.0M
($1.8B)
$333.0M
Changes in value of financial instruments designated as cash flow hedges
($29.0M)
($1.0M)
($24.0M)
$50.0M
Foreign currency translation adjustments
$237.0M
($213.0M)
($83.0M)
$18.0M
Change in net investment hedge
($63.0M)
$36.0M
($25.0M)
—
Unrecognized pension gain (loss)
$10.0M
$3.0M
($9.0M)
$12.0M
Unrealized gain (loss) on investments
$0
$23.0M
($23.0M)
—
Total comprehensive income (loss)
$450.0M
$38.0M
($2.0B)
$413.0M
Basic
$4.39
$2.82
-$27.54
$5.57
Diluted
$4.37
$2.81
-$27.54
$5.56
Basic
67.3M
67.3M
66.8M
59.7M
Diluted
67.7M
67.6M
66.8M
59.9M
MKS Instruments, Inc. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Net revenues
$1.2B
$1.1B
$988.0M
$973.0M
Cost of revenues
$653.0M
$571.0M
$527.0M
$520.0M
Gross profit
$595.0M
$507.0M
$461.0M
$453.0M
Research and development
$76.0M
$81.0M
$76.0M
$76.0M
Selling, general and administrative
$200.0M
$190.0M
$180.0M
$175.0M
Restructuring and other
$6.0M
$3.0M
$4.0M
$5.0M
Legal settlement
$0
$3.0M
—
—
Fees and expenses related to debt activities
$0
$18.0M
—
—
Amortization of intangible assets
$62.0M
$63.0M
$63.0M
$62.0M
Income from operations
$251.0M
$149.0M
$138.0M
$135.0M
Interest income
($2.0M)
($2.0M)
($3.0M)
($4.0M)
Interest expense
$38.0M
$45.0M
$53.0M
$55.0M
Loss on extinguishment of debt
$4.0M
$5.0M
$2.0M
$2.0M
Other (income) expense, net
($2.0M)
($1.0M)
$2.0M
$10.0M
Income before income taxes
$213.0M
$102.0M
$84.0M
$72.0M
Provision for income taxes
$38.0M
$18.0M
$10.0M
$10.0M
Net income
$175.0M
$84.0M
$74.0M
$62.0M
Changes in value of financial instruments designated as cash flow hedges
$2.0M
$4.0M
($2.0M)
($9.0M)
Foreign currency translation adjustments
$25.0M
($34.0M)
($23.0M)
$190.0M
Change in net investment hedges
$6.0M
$49.0M
$0
($40.0M)
Unrecognized pension (loss) gain
($3.0M)
$3.0M
$0
$0
Total comprehensive income
$205.0M
$106.0M
$49.0M
$203.0M
Basic
$2.59
$1.24
$1.10
$0.92
Diluted
$2.41
$1.18
$1.10
$0.92
Basic
67.6M
67.4M
67.3M
67.2M
Diluted
72.7M
71.1M
67.6M
67.4M
Balance sheet
MKS Instruments, Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$675.0M
$714.0M
$875.0M
$909.0M
Trade accounts receivable, net of allowance for doubtful accounts of $5 at both December 31, 2025 and 2024
$651.0M
$615.0M
$603.0M
$720.0M
Inventories
$921.0M
$893.0M
$991.0M
$977.0M
Other current assets
$263.0M
$252.0M
$227.0M
$187.0M
Total current assets
$2.5B
$2.5B
$2.7B
$2.8B
Property, plant and equipment, net
$810.0M
$771.0M
$784.0M
$800.0M
Right-of-use assets
$270.0M
$238.0M
$225.0M
$234.0M
Goodwill
$2.6B
$2.5B
$2.6B
$4.3B
Intangible assets, net
$2.1B
$2.3B
$2.6B
$3.2B
Other assets
$492.0M
$356.0M
$240.0M
$186.0M
Total assets
$8.8B
$8.6B
$9.1B
$11.5B
Short-term debt
$51.0M
$50.0M
$93.0M
$93.0M
Accounts payable
$407.0M
$341.0M
$327.0M
$426.0M
Other current liabilities
$469.0M
$384.0M
$428.0M
$161.0M
Total current liabilities
$927.0M
$775.0M
$848.0M
$952.0M
Long-term debt, net
$4.2B
$4.5B
$4.7B
$4.8B
Non-current deferred taxes
$474.0M
$504.0M
$640.0M
$783.0M
Non-current accrued compensation
$149.0M
$141.0M
$151.0M
$138.0M
Non-current lease liabilities
$246.0M
$211.0M
$205.0M
$215.0M
Other non-current liabilities
$131.0M
$149.0M
$106.0M
$90.0M
Total liabilities
$6.1B
$6.3B
$6.6B
$7.0B
Common stock, no par value, 200 shares authorized; 67.2 and 67.4 shares issued and outstanding at December 31, 2025 and 2024, respectively
0
0
0
0
Additional paid-in capital
$2.1B
$2.1B
$2.2B
$2.1B
Retained earnings
$711.0M
$503.0M
$373.0M
$2.3B
Accumulated other comprehensive loss
($93.0M)
($248.0M)
($96.0M)
$69.0M
Total stockholders’ equity
$2.7B
$2.3B
$2.5B
$4.5B
Total liabilities and stockholders' equity
$8.8B
$8.6B
$9.1B
$11.5B
MKS Instruments, Inc. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$611.0M
$569.0M
$697.0M
$674.0M
Trade accounts receivable, net of allowance for doubtful accounts of $6 and $5 at June 30, 2026 and December 31, 2025, respectively
$830.0M
$775.0M
$611.0M
$649.0M
Inventories
$1.0B
$949.0M
$934.0M
$918.0M
Other current assets
$300.0M
$252.0M
$294.0M
$243.0M
Total current assets
$2.8B
$2.5B
$2.5B
$2.5B
Property, plant and equipment, net
$798.0M
$795.0M
$769.0M
$801.0M
Right-of-use assets
$265.0M
$267.0M
$275.0M
$283.0M
Goodwill
$2.6B
$2.6B
$2.6B
$2.6B
Intangible assets, net
$2.0B
$2.1B
$2.2B
$2.3B
Other assets
$509.0M
$491.0M
$438.0M
$421.0M
Total assets
$8.9B
$8.7B
$8.8B
$8.8B
Short-term debt
$1.4B
$1.4B
$51.0M
$51.0M
Accounts payable
$534.0M
$448.0M
$382.0M
$355.0M
Other current liabilities
$491.0M
$445.0M
$453.0M
$426.0M
Total current liabilities
$2.4B
$2.3B
$886.0M
$832.0M
Long-term debt, net
$2.5B
$2.6B
$4.3B
$4.4B
Non-current deferred taxes
$438.0M
$450.0M
$483.0M
$504.0M
Non-current accrued compensation
$147.0M
$146.0M
$154.0M
$152.0M
Non-current lease liabilities
$243.0M
$244.0M
$250.0M
$258.0M
Other non-current liabilities
$157.0M
$136.0M
$151.0M
$170.0M
Total liabilities
$6.0B
$5.9B
$6.2B
$6.3B
Common stock, no par value, 200 shares authorized; 67.6 and 67.2 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively
0
0
0
0
Additional paid-in capital
$2.1B
$2.1B
$2.1B
$2.1B
Retained earnings
$936.0M
$778.0M
$618.0M
$559.0M
Accumulated other comprehensive loss
($41.0M)
($71.0M)
($108.0M)
($84.0M)
Total stockholders’ equity
$3.0B
$2.8B
$2.6B
$2.6B
Total liabilities and stockholders’ equity
$8.9B
$8.7B
$8.8B
$8.8B
Cash flow statement
MKS Instruments, Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income (loss)
$295.0M
$190.0M
($1.8B)
$333.0M
Depreciation and amortization
$344.0M
$348.0M
$397.0M
$216.0M
Goodwill and intangible asset impairments
$0
$0
$1.9B
—
Unrealized (gain) loss on foreign currency and derivative instruments
($9.0M)
$13.0M
$32.0M
$13.0M
Amortization of debt issuance costs and original issue discount
$26.0M
$30.0M
$33.0M
$56.0M
Loss on extinguishment of debt
$10.0M
$57.0M
$8.0M
—
Gain on sale of long-lived assets
$0
$0
($2.0M)
($7.0M)
Stock-based compensation
$55.0M
$48.0M
$54.0M
$45.0M
Provision for excess and obsolete inventory
$45.0M
$56.0M
$64.0M
$21.0M
Deferred income taxes
($196.0M)
($226.0M)
($234.0M)
($46.0M)
Other
$0
$8.0M
$5.0M
$3.0M
Trade accounts receivable
($16.0M)
($36.0M)
$114.0M
($4.0M)
Inventories
($50.0M)
$20.0M
($76.0M)
($236.0M)
Other current and non-current assets
$14.0M
$25.0M
$50.0M
$28.0M
Accounts payable
$55.0M
$21.0M
($99.0M)
$61.0M
Current and non-current accrued compensation
$83.0M
($32.0M)
($5.0M)
($31.0M)
Income taxes payable
$21.0M
$49.0M
($64.0M)
$19.0M
Other current and non-current liabilities
($32.0M)
($43.0M)
($19.0M)
$6.0M
Net cash provided by operating activities
$645.0M
$528.0M
$319.0M
$529.0M
Proceeds from sale of long-lived assets
$3.0M
$1.0M
$3.0M
$9.0M
Purchases of property, plant and equipment
($148.0M)
($118.0M)
($87.0M)
($164.0M)
Net cash used in investing activities
($145.0M)
($117.0M)
($84.0M)
($4.6B)
Repurchase of common stock
($45.0M)
—
—
—
Proceeds from borrowing
$0
$2.2B
$216.0M
$5.0B
Payments of borrowings
($451.0M)
($2.4B)
($403.0M)
($962.0M)
Purchase of capped calls related to Convertible Notes
$0
($167.0M)
—
—
Payments of deferred financing fees
$0
($33.0M)
($9.0M)
—
Dividend payments
($59.0M)
($59.0M)
($59.0M)
($52.0M)
Net payments related to employee stock awards
($4.0M)
($9.0M)
($1.0M)
($1.0M)
Other financing activities
($3.0M)
($15.0M)
($3.0M)
—
Net cash used in financing activities
($562.0M)
($549.0M)
($259.0M)
$4.0B
Effect of exchange rate changes on cash and cash equivalents
$23.0M
($23.0M)
($10.0M)
($5.0M)
Decrease in cash and cash equivalents
($39.0M)
($161.0M)
($34.0M)
($57.0M)
Cash and cash equivalents at beginning of period
$714.0M
$875.0M
$909.0M
$966.0M
Cash and cash equivalents at end of period
$675.0M
$714.0M
$875.0M
$909.0M
Interest
$190.0M
$268.0M
$305.0M
$110.0M
Right of use assets obtained in exchange for new finance lease liabilities
$46.0M
—
—
—
MKS Instruments, Inc. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$258.0M
$84.0M
$188.0M
$114.0M
Depreciation and amortization
$171.0M
$85.0M
$258.0M
$172.0M
Unrealized (gain) loss on foreign currency and derivative instruments
($2.0M)
$0
($4.0M)
$4.0M
Amortization of debt issuance costs and original issue discount
$8.0M
$4.0M
$20.0M
$13.0M
Loss on extinguishment of debt
$9.0M
$5.0M
$8.0M
$5.0M
Stock-based compensation
$34.0M
$19.0M
$46.0M
$34.0M
Provision for excess and obsolete inventory
$17.0M
$13.0M
$37.0M
$27.0M
Deferred income taxes
($44.0M)
($24.0M)
($125.0M)
($80.0M)
Other
($4.0M)
$1.0M
$0
$0
Trade accounts receivable
($184.0M)
($129.0M)
$24.0M
($10.0M)
Inventories
($139.0M)
($49.0M)
($54.0M)
($24.0M)
Other current and non-current assets
($6.0M)
$21.0M
$12.0M
$11.0M
Accounts payable
$146.0M
$45.0M
$31.0M
$4.0M
Current and non-current accrued compensation
($23.0M)
($68.0M)
$55.0M
$31.0M
Income taxes payable
$19.0M
$10.0M
$21.0M
$19.0M
Other current and non-current liabilities
$36.0M
$36.0M
($14.0M)
($14.0M)
Net cash provided by operating activities
$296.0M
$53.0M
$503.0M
$306.0M
Purchases of investments
($1.0M)
—
($1.0M)
—
Proceeds from sale of long-lived assets
$0
—
$3.0M
$2.0M
Purchases of property, plant and equipment
($79.0M)
($25.0M)
($98.0M)
($47.0M)
Net cash used in investing activities
($80.0M)
($25.0M)
($96.0M)
($45.0M)
Repurchase of common stock
$0
$0
($45.0M)
($45.0M)
Proceeds from borrowings
$1.2B
$1.2B
$0
$0
Payments of borrowings
($1.4B)
($1.3B)
($338.0M)
($225.0M)
Payments of deferred financing fees
($22.0M)
($22.0M)
$0
$0
Dividend payments
($34.0M)
($17.0M)
($44.0M)
($30.0M)
Net payments related to employee stock awards
($42.0M)
($16.0M)
($6.0M)
($5.0M)
Other financing activities
($1.0M)
$0
($4.0M)
($4.0M)
Net cash used in financing activities
($285.0M)
($137.0M)
($437.0M)
($309.0M)
Effect of exchange rate changes on cash and cash equivalents
$5.0M
$3.0M
$13.0M
$8.0M
Decrease in cash and cash equivalents
($64.0M)
($106.0M)
($17.0M)
($40.0M)
Cash and cash equivalents at beginning of period
$675.0M
$675.0M
$714.0M
$714.0M
Cash and cash equivalents at end of period
$611.0M
$569.0M
$697.0M
$674.0M
Right-of-use assets obtained in exchange for finance lease liabilities