Entegris, Inc.ENTG
NasdaqGS•Technology•Semiconductor Equipment & Materials
Entegris, Inc. provides advanced materials and process solutions for the semiconductor and other high-technology industries in North America, Taiwan, South Korea, Japan, China, Europe, and Southeast Asia. It operates in two segments, 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 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 for the semiconductor manufacturing processes, semiconductor ecosystem, and other high-technology industries. The company's customers include logic and memory semiconductor device manufacturers, semiconductor equipment makers, gas and chemical manufacturing companies, and wafer grower companies; and outsourced semiconductor assembly and test facilities, flat panel display equipment makers, and manufacturers of hard disk drive components and devices. It serves manufacturers and suppliers in the solar and life science industries, electrical discharge machining customers, glass manufacturers, aerospace manufacturers, and manufacturers of biomedical implantation devices. Entegris, Inc. was founded in 1966 and is headquartered in Billerica, Massachusetts.
Entegris, Inc. (ENTG) reported trailing twelve months revenue of $3.24B as of March 2026, a 0.2% decline year-over-year. Quarterly revenue reached $811.90M, reflecting a contraction in sales.
Entegris, Inc. generated $264.70M in TTM net income, with quarterly EBITDA of $175.70M. The operating margin expanded from 15.8% to 17.4%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (17.4%) and net margin (11.3%) indicates moderate non-operating costs. Net margin has improved from 8.1% a year ago, signaling stronger bottom-line efficiency.
ENTG trades at a P/E of 65.4x (a premium multiple) and a P/S of 5.3x. The price-to-book ratio of 4.3x reflects a moderate premium to book value.
The company generated $141.50M in free cash flow over the trailing twelve months, a 336.7% increase year-over-year, indicating cash generation ability. The balance sheet shows $8.48B in total assets with $3.65B in long-term debt against $4.05B in stockholders equity for a debt-to-equity ratio of 0.9. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~15.6% on average, but show some variability — pricing power may be sensitive to market conditions.
ROE is positive at ~6.9% on average, adequate but below the threshold typically associated with wide moats.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.
Data-driven red flags and warnings across 21 quarters
Operating margins declined 11.4% — watch for continued compression, which may signal competitive or cost pressure.
FCF covers net income by 1.4x on average — earnings are well-supported by cash generation.
D/E ratio is 0.9 — conservative capital structure with low financial risk.
Revenue has softened, declining in 4 quarters. Monitor for further erosion.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Share count is stable — no significant dilution or buyback activity.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation