Is the business good?
How good a business is ENTG?
Entegris, Inc. earns 5.2% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
5.2%
Return on invested capital · cost of capital 9.0% · 3.8 points below what the capital costs: growth destroys value
- Operating margin
- 15%
Operating margin · Semiconductor Equipment & Materials median 8.4% · 12 months to Q1 2026
- Cash conversion
- 1.91×
Cash conversion · 0.86× a year ago · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- +0.79%
Share count, year on year · flat: no meaningful dilution
| Year | Operating margin |
|---|---|
| FY2020 | 21% |
| FY2021 | 24% |
| FY2022 | 15% |
| FY2023 | 14% |
| FY2024 | 16% |
| FY2025 | 14% |
Details›
- Gross margin12 months to Q1 2026
- 45%
- Operating margin12 months to Q1 2026
- 15%
- Net margin12 months to Q1 2026
- 8.2%
- Free cash flow margin
- 16%
- R&D as % of revenue
- 9.9%
- Revenue, trailing twelve months
- $3.24B
- Free cash flow, trailing twelve months
- $505M
- Net income, trailing twelve months
- $265M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 5.2%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Semiconductor Equipment & Materials
Ranks #17 of 22 by Smart Score