Applied Materials Inc (AMAT) - Net Assets
Based on the latest financial reports, Applied Materials Inc (AMAT) has net assets worth $21.72 Billion USD as of January 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($37.64 Billion) and total liabilities ($15.93 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check AMAT asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $21.72 Billion |
| % of Total Assets | 57.69% |
| Annual Growth Rate | 14.64% |
| 5-Year Change | 66.69% |
| 10-Year Change | 183.54% |
| Growth Volatility | 23.78 |
Applied Materials Inc - Net Assets Trend (1985–2025)
This chart illustrates how Applied Materials Inc's net assets have evolved over time, based on quarterly financial data. Also explore Applied Materials Inc (AMAT) total assets for the complete picture of this company's asset base.
Annual Net Assets for Applied Materials Inc (1985–2025)
The table below shows the annual net assets of Applied Materials Inc from 1985 to 2025. For live valuation and market cap data, see AMAT market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-10-31 | $20.41 Billion | +7.44% |
| 2024-10-31 | $19.00 Billion | +16.22% |
| 2023-10-31 | $16.35 Billion | +34.07% |
| 2022-10-31 | $12.19 Billion | -0.43% |
| 2021-10-31 | $12.25 Billion | +15.78% |
| 2020-10-31 | $10.58 Billion | +28.61% |
| 2019-10-31 | $8.22 Billion | +20.27% |
| 2018-10-31 | $6.84 Billion | -26.85% |
| 2017-10-31 | $9.35 Billion | +29.85% |
| 2016-10-31 | $7.20 Billion | -5.42% |
| 2015-10-31 | $7.61 Billion | -3.66% |
| 2014-10-31 | $7.90 Billion | +11.48% |
| 2013-10-31 | $7.09 Billion | -2.03% |
| 2012-10-31 | $7.24 Billion | -17.78% |
| 2011-10-31 | $8.80 Billion | +16.77% |
| 2010-10-31 | $7.54 Billion | +6.22% |
| 2009-10-31 | $7.09 Billion | -4.76% |
| 2008-10-31 | $7.45 Billion | -4.76% |
| 2007-10-31 | $7.82 Billion | +17.59% |
| 2006-10-31 | $6.65 Billion | -25.50% |
| 2005-10-31 | $8.93 Billion | -4.19% |
| 2004-10-31 | $9.32 Billion | +15.50% |
| 2003-10-31 | $8.07 Billion | +0.60% |
| 2002-10-31 | $8.02 Billion | +5.43% |
| 2001-10-31 | $7.61 Billion | +7.07% |
| 2000-10-31 | $7.10 Billion | +63.82% |
| 1999-10-31 | $4.34 Billion | +38.97% |
| 1998-10-31 | $3.12 Billion | +6.06% |
| 1997-10-31 | $2.94 Billion | +24.12% |
| 1996-10-31 | $2.37 Billion | +32.91% |
| 1995-10-31 | $1.78 Billion | +84.57% |
| 1994-10-31 | $966.30 Million | +61.37% |
| 1993-10-31 | $598.80 Million | +26.30% |
| 1992-10-31 | $474.10 Million | +45.65% |
| 1991-10-31 | $325.50 Million | +8.39% |
| 1990-10-31 | $300.30 Million | +18.04% |
| 1989-10-31 | $254.40 Million | +26.69% |
| 1988-10-31 | $200.80 Million | +30.73% |
| 1987-10-31 | $153.60 Million | +65.52% |
| 1986-10-31 | $92.80 Million | +7.41% |
| 1985-10-31 | $86.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Applied Materials Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 174117.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (October 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $55.23 Billion | 270.52% |
| Common Stock | $8.00 Million | 0.04% |
| Other Comprehensive Income | $-110.00 Million | -0.54% |
| Total Equity | $20.41 Billion | 100.00% |
Applied Materials Inc Competitors by Market Cap
The table below lists competitors of Applied Materials Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cisco Systems Inc
NASDAQ:CSCO
|
$309.49 Billion |
|
The Coca-Cola Company
NYSE:KO
|
$312.49 Billion |
|
The Home Depot Inc
NYSE:HD
|
$322.43 Billion |
|
Agricultural Bank of China Ltd Class A
SHG:601288
|
$323.27 Billion |
|
GE Aerospace
NYSE:GE
|
$300.50 Billion |
|
Industrial and Commercial Bank of China Ltd
SHG:601398
|
$293.92 Billion |
|
Morgan Stanley
SA:MSBR34
|
$293.89 Billion |
|
AstraZeneca PLC
MX:AZNN
|
$290.50 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Applied Materials Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 19,001,000,000 to 20,415,000,000, a change of 1,414,000,000 (7.4%).
- Net income of 6,998,000,000 contributed positively to equity growth.
- Dividend payments of 1,384,000,000 reduced retained earnings.
- Share repurchases of 4,895,000,000 reduced equity.
- New share issuances of 261,000,000 increased equity.
- Other comprehensive income increased equity by 58,000,000.
- Other factors increased equity by 376,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $7.00 Billion | +34.28% |
| Dividends Paid | $1.38 Billion | -6.78% |
| Share Repurchases | $4.89 Billion | -23.98% |
| Share Issuances | $261.00 Million | +1.28% |
| Other Comprehensive Income | $58.00 Million | +0.28% |
| Other Changes | $376.00 Million | +1.84% |
| Total Change | $- | 7.44% |
Book Value vs Market Value Analysis
This analysis compares Applied Materials Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 15.40x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 2792.01x to 15.40x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-10-31 | $0.14 | $389.08 | x |
| 1986-10-31 | $0.11 | $389.08 | x |
| 1987-10-31 | $0.16 | $389.08 | x |
| 1988-10-31 | $0.20 | $389.08 | x |
| 1989-10-31 | $0.25 | $389.08 | x |
| 1990-10-31 | $0.31 | $389.08 | x |
| 1991-10-31 | $0.31 | $389.08 | x |
| 1992-10-31 | $0.42 | $389.08 | x |
| 1993-10-31 | $0.48 | $389.08 | x |
| 1994-10-31 | $0.71 | $389.08 | x |
| 1995-10-31 | $1.23 | $389.08 | x |
| 1996-10-31 | $1.62 | $389.08 | x |
| 1997-10-31 | $1.93 | $389.08 | x |
| 1998-10-31 | $2.06 | $389.08 | x |
| 1999-10-31 | $2.64 | $389.08 | x |
| 2000-10-31 | $4.13 | $389.08 | x |
| 2001-10-31 | $4.49 | $389.08 | x |
| 2002-10-31 | $4.71 | $389.08 | x |
| 2003-10-31 | $4.87 | $389.08 | x |
| 2004-10-31 | $5.41 | $389.08 | x |
| 2005-10-31 | $5.39 | $389.08 | x |
| 2006-10-31 | $4.25 | $389.08 | x |
| 2007-10-31 | $5.48 | $389.08 | x |
| 2008-10-31 | $5.42 | $389.08 | x |
| 2009-10-31 | $5.32 | $389.08 | x |
| 2010-10-31 | $5.59 | $389.08 | x |
| 2011-10-31 | $6.62 | $389.08 | x |
| 2012-10-31 | $5.67 | $389.08 | x |
| 2013-10-31 | $5.81 | $389.08 | x |
| 2014-10-31 | $6.42 | $389.08 | x |
| 2015-10-31 | $6.21 | $389.08 | x |
| 2016-10-31 | $6.45 | $389.08 | x |
| 2017-10-31 | $8.62 | $389.08 | x |
| 2018-10-31 | $6.67 | $389.08 | x |
| 2019-10-31 | $8.70 | $389.08 | x |
| 2020-10-31 | $11.46 | $389.08 | x |
| 2021-10-31 | $13.33 | $389.08 | x |
| 2022-10-31 | $13.90 | $389.08 | x |
| 2023-10-31 | $19.35 | $389.08 | x |
| 2024-10-31 | $22.78 | $389.08 | x |
| 2025-10-31 | $25.27 | $389.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Applied Materials Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 34.28%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 24.67%
- • Asset Turnover: 0.78x
- • Equity Multiplier: 1.78x
- Recent ROE (34.28%) is above the historical average (19.38%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 10.76% | 5.33% | 1.17x | 1.73x | $660.00K |
| 1986 | 1.29% | 0.80% | 0.97x | 1.66x | $-8.08 Million |
| 1987 | 0.20% | 0.17% | 0.75x | 1.51x | $-15.06 Million |
| 1988 | 19.92% | 11.03% | 1.07x | 1.69x | $19.92 Million |
| 1989 | 20.24% | 10.26% | 1.16x | 1.71x | $26.06 Million |
| 1990 | 11.36% | 6.01% | 1.02x | 1.86x | $4.07 Million |
| 1991 | 8.05% | 4.10% | 0.97x | 2.03x | $-6.35 Million |
| 1992 | 8.33% | 5.26% | 0.88x | 1.80x | $-7.91 Million |
| 1993 | 16.65% | 9.23% | 0.96x | 1.87x | $39.82 Million |
| 1994 | 22.84% | 13.30% | 0.97x | 1.76x | $124.07 Million |
| 1995 | 25.46% | 14.83% | 1.03x | 1.66x | $275.75 Million |
| 1996 | 25.30% | 14.47% | 1.14x | 1.53x | $362.56 Million |
| 1997 | 16.94% | 12.24% | 0.80x | 1.72x | $204.28 Million |
| 1998 | 8.90% | 6.87% | 0.82x | 1.58x | $-34.39 Million |
| 1999 | 16.46% | 14.69% | 0.72x | 1.55x | $280.22 Million |
| 2000 | 29.05% | 21.58% | 0.91x | 1.48x | $1.35 Billion |
| 2001 | 10.19% | 10.56% | 0.75x | 1.29x | $14.55 Million |
| 2002 | 3.35% | 5.31% | 0.50x | 1.27x | $-532.96 Million |
| 2003 | -1.85% | -3.33% | 0.43x | 1.28x | $-955.95 Million |
| 2004 | 14.50% | 16.86% | 0.66x | 1.30x | $419.45 Million |
| 2005 | 13.55% | 17.30% | 0.62x | 1.26x | $317.05 Million |
| 2006 | 22.80% | 16.54% | 0.97x | 1.43x | $851.52 Million |
| 2007 | 21.87% | 17.57% | 0.91x | 1.36x | $928.06 Million |
| 2008 | 12.90% | 11.82% | 0.75x | 1.46x | $215.85 Million |
| 2009 | -4.30% | -6.09% | 0.52x | 1.35x | $-1.01 Billion |
| 2010 | 12.44% | 9.82% | 0.87x | 1.45x | $184.25 Million |
| 2011 | 21.89% | 18.31% | 0.76x | 1.58x | $1.05 Billion |
| 2012 | 1.51% | 1.25% | 0.72x | 1.67x | $-614.50 Million |
| 2013 | 3.61% | 3.41% | 0.62x | 1.70x | $-452.80 Million |
| 2014 | 13.57% | 11.82% | 0.69x | 1.67x | $281.80 Million |
| 2015 | 18.09% | 14.26% | 0.63x | 2.01x | $615.70 Million |
| 2016 | 23.90% | 15.90% | 0.74x | 2.02x | $1.00 Billion |
| 2017 | 37.64% | 23.94% | 0.76x | 2.08x | $2.58 Billion |
| 2018 | 44.42% | 18.19% | 0.94x | 2.60x | $2.35 Billion |
| 2019 | 32.90% | 18.52% | 0.77x | 2.31x | $1.88 Billion |
| 2020 | 34.21% | 21.04% | 0.77x | 2.11x | $2.56 Billion |
| 2021 | 48.08% | 25.53% | 0.89x | 2.11x | $4.66 Billion |
| 2022 | 53.51% | 25.31% | 0.96x | 2.19x | $5.31 Billion |
| 2023 | 41.94% | 25.86% | 0.86x | 1.88x | $5.22 Billion |
| 2024 | 37.77% | 26.41% | 0.79x | 1.81x | $5.28 Billion |
| 2025 | 34.28% | 24.67% | 0.78x | 1.78x | $4.96 Billion |
Industry Comparison
This section compares Applied Materials Inc's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $321,238,601
- Average return on equity (ROE) among peers: -18.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Applied Materials Inc (AMAT) | $21.72 Billion | 10.76% | 0.73x | $308.78 Billion |
| Axcelis Technologies Inc (ACLS) | $353.61 Million | 35.90% | 0.38x | $2.81 Billion |
| Acm Research Inc (ACMR) | $926.16 Million | 8.35% | 0.61x | $3.12 Billion |
| Aehr Test Systems (AEHR) | $7.03 Million | 6.00% | 0.74x | $2.17 Billion |
| Ambarella Inc (AMBA) | $156.36 Million | 16.41% | 0.17x | $2.88 Billion |
| Amkor Technology Inc (AMKR) | $243.16 Million | -187.81% | 8.80x | $14.36 Billion |
| ASML Holding NV ADR (ASML) | $1.09 Billion | 31.74% | 1.20x | $546.45 Billion |
| Amtech Systems Inc (ASYS) | $6.40 Million | -9.38% | 0.45x | $201.11 Million |
| Atomera Inc (ATOM) | $16.86 Million | -77.52% | 0.06x | $197.35 Million |
| AXT Inc (AXTI) | $93.25 Million | 5.67% | 0.21x | $2.62 Billion |
About Applied Materials Inc
Applied Materials, Inc. provides materials engineering solutions, equipment, services, and software to the semiconductor and related industries in the United States, China, Korea, Taiwan, Japan, Southeast Asia, Europe, and internationally. The company operates through Semiconductor Systems and Applied Global Services (AGS) segments. The Semiconductor Systems segment includes semiconductor capital… Read more