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Supplies specialty chemicals, materials and filtration products that keep chip-fab manufacturing environments ultra-clean.
Supplies specialty chemicals, materials and filtration products that keep chip-fab manufacturing environments ultra-clean.
Sales are largely consumables used up or replaced during chip production, such as filters, process chemicals and wafer carriers, so revenue tracks how many wafers fabs run as well as new fab spending. The 2022 purchase of CMC Materials added polishing slurries and pads.
Moat: narrow (process know-how, customer qualification, switching costs). Materials are qualified into customers' process recipes; requalifying a new supplier is slow and risky.
Headquarters: Billerica, Massachusetts, US · Founded: 1966 · Employees: 7,700
Size Entegris (ENTG) is a United States Information Technology company (Industrial Machinery) with a market value of $19.6B, the 502nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $127.98 on 6 Nov 2026.
Performance Over six months the shares fell 14.2%, against -35.6% for the median peer and -1.1% for the United States market (cap-weighted) — highest of 7 in its peer set.
Growth Revenue grew 9.4% over the last twelve months (peer median +9.5%); the operating margin is 19.2% (peer median 18.6%).
Valuation It trades at 23.7× forward earnings against a peer median of 15.1× (2nd most expensive of 7).
Price implies For today's price to make sense, revenue must grow about 26% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is +15 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 3.6 points below its cost of capital (10.9% WACC).
Credit Entegris has 3 bonds outstanding ($2.89B), rated BB by the agencies and trading like BBB- at a weighted spread of 123 bp.
Short interest Short interest is 5.6% of the free float (15 Oct 2026).
Next results Next results expected around 16 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $3.52B | $3.20B | $3.24B | $3.52B | $3.28B |
| Revenue growth | — | -1% | -8% | +7% | — |
| Gross profit | $1.47B | $1.24B | $1.30B | $1.28B | $1.25B |
| EBITDA | $1.02B | $886M | $932M | $790M | $759M |
| Net income | $393M | $236M | $293M | $181M | $209M |
| Free cash flow | $614M | $396M | $316M | $173M | -$114M |
| Capital expenditure | $182M | $299M | $316M | $457M | $466M |
| Total debt | $3.36B | $3.81B | $4.07B | $4.66B | $5.88B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Entegris ENTG | $19.6B | -14% | +9% | 19% | 23.7× | 26.3% |
| Merck KGaA MRK.DE | $72.5B | +23% | 0% | 20% | 17.5× | 7.7% |
| Air Products APD | $67.9B | +4% | +5% | 24% | 21.2× | n/a |
| DuPont DD | $19.4B | -1% | -43% | 14% | 18.3× | 14.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ENTG | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -21.1% | -33.0% | 2nd highest of 7 |
| 6-month return | -14.2% | -35.6% | highest of 7 |
| Distance from 52-week high | -31.5% | -56.2% | highest of 7 |
| Revenue growth (TTM) | +9.4% | +9.5% | 4th highest of 7 |
| Operating margin | 19.2% | 18.6% | 4th highest of 7 |
| Forward P/E | 23.7× | 15.1× | 2nd most expensive of 7 |
| Growth the price implies (Req g, 7 yrs) | 26.3% | 20.6% | 2nd most demanding of 7 |
| Growth delivered (Del g) | +11.4% | +12.3% | 4th highest of 7 |
| Hurdle (Req g minus delivered) | +14.8 pp | +7.5 pp | 2nd most demanding of 7 |
| ROIC minus cost of capital | -3.6 pp | +12.8 pp | 3rd lowest of 7 |
| EV / EBITDA | 22.2× | 13.0× | 2nd most expensive of 7 |
| Net debt / EBITDA | 3.0× | 0.0× | 2nd most indebted of 7 |
| Bond spread | 123 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Entegris ENTG | United States | $19.6B | -14% | +9% | 19% | 23.7× | 26.3% | +11.4% |
| Jabil JBL | United States | $24.6B | -33% | +21% | 5% | 13.5× | 8.3% | +4.2% |
| Disco 6146.T | Japan | $28.1B | -45% | +22% | 44% | 23.2× | 25.4% | +19.0% |
| MKS MKSI | United States | $13.0B | -39% | +16% | 17% | 11.5× | 24.0% | +11.0% |
| HANMISemi 042700.KS | South Korea | $11.3B | -56% | -20% | 42% | 54.4× | 41.7% | +17.5% |
| Screen 7735.T | Japan | $9.20B | -24% | +3% | 20% | 12.4× | 17.3% | +13.6% |
| Omron 6645.T | Japan | $5.79B | -17% | -2% | 9% | 16.7× | 11.7% | +3.2% |
Entegris has 3 bonds outstanding with $2.89B face value. The agencies rate it BB; its bonds trade like BBB-. Weighted yield 5.77%, a spread of 123 bp over government bonds.