Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.8B | $14.7B | $16.7B | $14.6B | $17.2B | $23.1B | $25.8B | $26.5B | $27.2B | $28.4B |
| Revenue growth | — | 35.8% | 13.7% | -12.6% | 17.8% | 34.1% | 11.8% | 2.8% | 2.5% | 4.4% |
| Gross profit | $4.51B | $6.61B | $7.52B | $6.39B | $7.69B | $10.9B | $12.0B | $12.4B | $12.9B | $13.8B |
| Gross margin | 41.7% | 45.0% | 45.0% | 43.7% | 44.7% | 47.3% | 46.5% | 46.7% | 47.5% | 48.7% |
| Operating income | $2.15B | $3.94B | $4.49B | $3.35B | $4.37B | $6.89B | $7.79B | $7.65B | $7.87B | $8.29B |
| Operating margin | 19.9% | 26.8% | 26.9% | 22.9% | 25.4% | 29.9% | 30.2% | 28.9% | 28.9% | 29.2% |
| Net income | $1.72B | $3.52B | $3.04B | $2.71B | $3.62B | $5.89B | $6.53B | $6.86B | $7.18B | $7.00B |
| Net margin | 15.9% | 23.9% | 18.2% | 18.5% | 21.0% | 25.5% | 25.3% | 25.9% | 26.4% | 24.7% |
| EPS (diluted) | $1.54 | $3.25 | $2.96 | $2.86 | $3.92 | $6.40 | $7.44 | $8.11 | $8.61 | $8.66 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.57B | $3.79B | $3.79B | $3.25B | $3.80B | $5.44B | $5.40B | $8.70B | $8.68B | $7.96B |
| Capital expenditures | $253M | $345M | $622M | $441M | $422M | $668M | $787M | $1.11B | $1.19B | $2.26B |
| Free cash flow | $2.31B | $3.44B | $3.17B | $2.81B | $3.38B | $4.77B | $4.61B | $7.59B | $7.49B | $5.70B |
| Share buybacks | $1.89B | $1.17B | $5.28B | $2.40B | $649M | $3.75B | $6.10B | $2.19B | $3.82B | $4.89B |
| Dividends paid | $444M | $430M | $605M | $771M | $787M | $838M | $873M | $975M | $1.19B | $1.38B |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $3.41B | $5.01B | $3.44B | $3.13B | $5.35B | $5.00B | $2.00B | $6.13B | $8.02B | $7.24B |
| Total assets | $14.6B | $19.4B | $17.6B | $19.0B | $22.4B | $25.8B | $26.7B | $30.7B | $34.4B | $36.3B |
| Total liabilities | $7.35B | $10.1B | $10.8B | $10.8B | $11.8B | $13.6B | $14.5B | $14.4B | $15.4B | $15.9B |
| Long-term debt | $3.13B | $5.30B | $5.31B | $4.71B | $5.45B | $5.45B | $5.46B | $5.46B | $5.46B | $6.46B |
| Shareholders' equity | $7.41B | $9.63B | $6.84B | $8.21B | $10.6B | $12.2B | $12.2B | $16.3B | $19.0B | $20.4B |
| Retained earnings | $15.3B | $18.3B | $20.9B | $24.4B | $27.2B | $32.2B | $37.9B | $43.7B | $49.7B | $55.2B |
| Shares (wtd avg diluted) | 1.12B | 1.08B | 1.03B | 945M | 923M | 919M | 877M | 845M | 834M | 808M |
Every figure is extracted from APPLIED MATERIALS INC /DE’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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