ASML Holding N.V. (ASML) stock analysis
Company overview and business model
Source fact: ASML Holding N.V. provides lithography solutions for the development, production, marketing, sales, upgrading, and servicing of advanced semiconductor equipment systems. The company offers lithography, metrology, and inspection systems. It also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography systems solutions to manufacture various range of semiconductor nodes and technologies. In addition, the company offers metrology and inspection systems, including YieldStar optical metrology systems, a diffraction-based wafer metrology platform to assess the quality of patterns on the wafers; and HMI electron beam solutions to locate and analyze individual chip defects. Further, it provides computational lithography solutions, and lithography systems and control software solutions; and refurbishes and upgrades lithography systems, as well as offers customer support and related services. Additionally, the company offers hardware, software, and services to chipmakers to produce the patterns of integrated circuits. It operates in Japan, South Korea, Singapore, Taiwan, China, rest of Asia, the Netherlands, rest of Europe, the Middle East, Africa, and the United States. The company was formerly known as ASM Lithography Holding N.V. and changed its name to ASML Holding N.V. in 2001. ASML Holding N.V. was founded in 1984 and is headquartered in Veldhoven, the Netherlands.
Classification: NASDAQ · Technology · Semiconductor Equipment & Materials
Revenue and growth
Source fact: Revenue was EUR 32.67 billion for the period ending 2025-12-31.
Caverian calculation: Revenue changed +15.6% (FY2025 vs FY2024).
Profitability
Source fact: Net income was EUR 9.61 billion in the latest reported period.
Source metric: Reported net margin was 29.4%.
Balance sheet and liquidity
Source fact: Cash and equivalents were EUR 12.92 billion.
Source fact: Total debt was EUR 4.39 billion.
Source metric: Current ratio was 1.26x.
Cash-flow analysis
Source fact: Free cash flow was EUR 11.03 billion.
Valuation
Source metrics: Trailing P/E 61.36x; Forward P/E 34.06x.
Caverian model output: Value score was 27/100.
Competitive position
Classification: Peer context: Semiconductor Equipment & Materials within Technology.
Caverian model output: Quality score was 83/100.
Caverian model output: Growth score was 79/100.
Material risks
Caverian calculation: Altman Z-score was 15.08 (safe zone).
Data sources and freshness
Freshness: This report uses a stored upstream snapshot; statement periods are shown alongside the figures.
Methodology and limitations
Facts reproduce stored upstream fields. Calculations derive only from the displayed stored statements. Model outputs are Caverian interpretations, not investment advice or a buy/sell recommendation.
How Caverian approaches valuation · Sources and product principles