Entegris Inc ENTG

Information TechnologySemiconductors & Semiconductor EquipmentUnited States of America

Last close 152.76 USD on Nov 3, 2026, +81.9% year to date

Quant rating

Quant rating B Rank 59 of 389 in Information Technology

Growth C 177 of 389
Valuation C 218 of 389
Quality C 215 of 389
Revisions A 12 of 389
Momentum A 56 of 389

Wall Street consensus Buy (2.06)Average target 188.89 USD +23.7%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 23.3B
Enterprise value: 26.3B
52-week range: 67.97 – 186.79
3-year range: 62.92 – 186.79
Dividend yield: 0.26%
Beta (5 years): 1.39
Shares outstanding: 153M
Next earnings: Feb 8, 2027

About the company

Entegris, Inc. is a supplier of critical advanced materials and process solutions for semiconductors and other high-technology industries. Its segments include Materials Solutions (MS) and Advanced Purity Solutions (APS). The MS segment provides materials-based solutions, such as chemical vapor and atomic layer deposition materials, chemical mechanical planarization (CMP) slurries and pads, ion implantation specialty gases, formulated etch and clean materials, and other specialty materials. The APS segment offers filtration, purification and contamination-control solutions that improve customers’ yield and device reliability by ensuring the purity of critical liquid chemistries and gases and the cleanliness of wafers and other substrates used throughout semiconductor manufacturing processes, the semiconductor ecosystem and other high-technology industries. It has manufacturing, customer service and/or research facilities in the United States, Canada, China, Germany and others.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	3,197	3,241	3,524	3,282	2,299	–
Revenue growth	−1.4%	−8.0%	7.4%	42.8%	23.6%	11.4%
EPS (basic, normalized)	2.75	3.00	2.64	3.73	3.44	–
EPS growth	−8.3%	13.6%	−29.2%	8.4%	–	–
Gross margin	44.6%	45.9%	42.5%	42.5%	46.1%	44.3%
Net margin	7.4%	9.0%	5.1%	6.4%	17.8%	9.1%
ROE	6.2%	8.2%	5.5%	8.5%	26.5%	11.0%

Balance sheet, last quarter
Cash & short-term investments (mil)	356
Current ratio	2.66x
Long-term debt (mil)	3,361
Net debt (mil)	3,004
Total equity (mil)	4,333
Net debt / equity	0.69x
Net debt / EBITDA	3.39x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	3,197	−1.4%	8.2x	886	−5.5%	29.7x	2.75	−8.3%	55.5x
2026	3,695	+15.6%	7.1x	1,083	+22.3%	24.3x	4.32	+56.9%	35.4x
2027	4,192	+13.4%	6.3x	1,296	+19.6%	20.3x	5.59	+29.5%	27.3x
2028	4,657	+11.1%	5.7x	1,522	+17.5%	17.3x	6.95	+24.4%	22.0x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	3,695	+3.4%	+4.1%	+7.4%	4.32	+9.9%	+10.1%	+18.7%
2027	4,192	+4.7%	+5.3%	+9.5%	5.59	+11.3%	+11.4%	+21.3%
2028	4,657	+5.1%	+6.3%	+13.4%	6.95	+13.6%	+14.3%	+32.7%

Earnings surprises EPS beat in 3 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	771	813	808	850	773	792	807	824	812	883
Sales mean (mil)	769	802	832	823	790	758	804	811	809	835
Surprise	+0.2%	+1.3%	−3.0%	+3.2%	−2.1%	+4.5%	+0.4%	+1.6%	+0.4%	+5.7%
EPS reported	0.68	0.71	0.77	0.84	0.67	0.66	0.72	0.70	0.86	0.93
EPS mean	0.62	0.71	0.78	0.78	0.68	0.63	0.73	0.67	0.75	0.82
Surprise	+10.2%	+0.5%	−1.5%	+7.8%	−2.0%	+4.2%	−0.7%	+5.2%	+15.4%	+13.4%

Peer comparison Semiconductors & Semiconductor Equipment

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
ENTG Entegris Inc	23.3B	3.39x	7.4%	5.39x	35.4x	27.3x	24.3x	20.3x
MU Micron Technology, Inc.	967.5B	−0.35x	63.8%	6.99x	4.9x	4.2x	3.8x	3.2x
LRCX Lam Research Corporation	288.2B	–	31.3%	20.72x	23.8x	18.7x	19.2x	15.8x
AMAT Applied Materials Inc	303.1B	−0.30x	24.7%	11.83x	29.8x	20.4x	25.2x	17.1x
ARM ARM Holdings PLC	216.3B	−1.64x	18.4%	25.06x	90.8x	66.3x	71.3x	53.2x
KLAC KLA Corporation	203.5B	0.17x	35.6%	31.21x	27.1x	21.9x	22.3x	18.5x
Mean		0.25x	30.2%	16.86x	35.3x	26.5x	27.7x	21.4x
Median		−0.30x	28.0%	16.27x	28.5x	21.1x	23.3x	17.8x

Technical analysis

1M−8.2%
3M+22.1%
1Y+67.7%
3Y+67.4%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Entegris Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	3,197	3,241	3,524	3,282	2,299	1,859
Cost of revenue	1,772	1,754	2,026	1,886	1,239	1,010
Gross profit	1,424	1,487	1,498	1,396	1,060	850
Selling, general & administrative expenses	428	457	584	548	296	266
Research & development	315	306	269	224	164	134
Depreciation/amortization	184	190	214	144	47.9	53.1
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	43.8	−5.7	−50.5	3.3	23.5	4.1
Other operating expenses	0	0	0	0	0	0
Operating income	453	540	480	477	528	393
Net interest income (expense)	−199	−216	−307	−232	−48.9	−38.1
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0.9	−2.0	−0.6	2.4	−0.5	−0.7
Net income before taxes	255	322	173	247	479	354
Provision for taxes	18.0	28.3	−8.4	38.2	70.0	59.3
Minority interest	–	–	–	–	–	–
Equity in affiliates	−1.0	−0.9	−0.4	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	236	293	181	209	409	295
Extraordinary items	–	–	–	–	–	–
Net income	236	293	181	209	409	295
EBIT, normalized	496	550	555	632	561	408
EBITDA, normalized	889	930	944	911	700	544
Basic EPS, normalized	2.75	3.00	2.64	3.73	3.44	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Entegris Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	360	329	457	562	403	581
Receivables	459	495	457	535	347	264
Total inventory	643	638	607	813	475	324
Prepaid expenses	–	–	–	–	–	–
Other current assets	176	154	456	425	88.2	65.0
Total current assets	1,638	1,616	1,977	2,335	1,313	1,234
Property, plant & equipment	1,745	1,706	1,548	1,488	721	571
Goodwill	3,947	3,944	3,946	4,408	794	748
Intangibles	907	1,092	1,282	1,842	335	338
Long-term investments	–	–	–	–	–	–
Note receivable	–	–	–	–	–	–
Other long-term assets	114	36.6	59.0	65.1	29.1	26.5
Total assets	8,350	8,395	8,813	10,139	3,192	2,918
Liabilities
Accounts payable	172	193	134	172	131	81.6
Payable/accrued	–	–	–	–	–	–
Accrued expenses	183	248	281	268	176	163
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	2.0	1.9	1.9	152	–	0
Other current liabilities	132	81.7	96.6	169	72.2	57.8
Total current liabilities	489	525	514	762	379	303
Long-term debt	3,715	4,000	4,596	5,633	937	1,086
Minority interest	–	–	–	–	–	–
Other liabilities	194	178	294	526	162	150
Total liabilities	4,397	4,703	5,404	6,921	1,478	1,538
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	1.5	1.5	1.5	1.5	1.4	1.4
Additional paid-in capital	2,472	2,385	2,305	2,205	880	845
Retained earnings (accumulated deficit)	1,558	1,384	1,152	1,031	880	578
Treasury stock	−7.1	−7.1	−7.1	−7.1	−7.1	−7.1
Other equity	−71.4	−72.1	−42.9	−13.1	−40.1	−37.4
Total equity	3,953	3,692	3,409	3,218	1,714	1,379
Total liabilities & shareholders' equity	8,350	8,395	8,813	10,139	3,192	2,918

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Entegris Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	236	293	181	209	409	295
Depreciation, depletion & amortization	390	378	387	279	138	137
Deferred taxes	–	–	–	–	–	–
Non-cash items	77.4	69.7	11.2	102	51.9	34.5
Changes in working capital	−7.3	−109	50.6	−238	−199	−19.3
Cash from operations	695	632	630	352	400	447
Investing activities
Capital expenditures	−299	−316	−457	−466	−211	−132
Other investing cash flows	−1.6	249	1,010	−4,480	−87.5	−112
Cash from investing	−301	−67.1	553	−4,946	−298	−243
Financing activities
Financing cash flow items	−12.8	−18.7	−17.0	−123	−21.5	−47.8
Cash dividends paid	−60.8	−60.6	−60.2	−57.3	−43.5	−43.2
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−293	−610	−1,205	4,947	−211	113
Cash from financing	−367	−689	−1,283	4,766	−276	22.1
Foreign exchange effects	3.5	−3.4	−6.5	−11.9	−4.2	3.5
Net change in cash	31.2	−128	−107	161	−178	229
Free cash flow	396	316	173	−114	190	315

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 3, 2026 after market close.