ENTEGRIS INC

Listed Company

ENTGCIK 0001101302NasdaqLarge AcceleratedPlastics Products, NecDelawareFY ends Dec 31

Period

FY 2025

Revenue

$3.20B

Net Income

$235.60M

Total Assets

$8.35B

Equity

$3.95B

Shares Out

152.50M

Op. Cash Flow

$695.40M

Business

ENTEGRIS INC is a supplier of advanced materials and process solutions for the semiconductor and other high-technology industries that improve manufacturing yield, performance and productivity. It offers materials such as deposition precursors, CMP slurries and pads, specialty gases, formulated etch and clean chemistries, filtration and purification products, high‑purity packaging and fluid‑handling systems, wafer and reticle carriers, and process monitoring and dispense equipment. The company operates through two segments: Materials Solutions (MS) and Advanced Purity Solutions (APS). It sells worldwide to semiconductor manufacturers, OEMs, chemical suppliers and distributors via a direct sales force and strategic independent distributors.

Summary from filing dated 2025-02-12

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	3,197	3,241	3,524	3,282	2,299
Cost of sales	1,777	1,755	2,026	1,886	1,239
Gross profit	1,420	1,487	1,498	1,396	1,060
Selling, general and administrative expenses	451	447	576	543	292
Engineering, research and development expenses	329	316	277	229	168
Amortization of intangible assets	184	190	215	144	48
Goodwill impairment	0	0	115	0	0
Gain on termination of alliance agreement	0	0	−185	0	—
Operating income	456	534	499	480	552
Interest expense	200	215	312	—	—
Interest income	−8	−7	−11	−4	−243,000
Other expense, net	9	4	25	24	32
Income before income tax expense (benefit)	255	322	173	247	479
Income tax expense (benefit)	18	28	−8	38	70
Equity in net loss of affiliates	1	900,000	400,000	0	0
Net income	236	293	181	209	409
Basic net income per common share (in dollars per share)	1.55	1.94	1.21	1.47	3.02
Diluted net income per common share (in dollars per share)	1.55	1.93	1.2	1.46	3
Basic (in shares)	152	151	150	142	135
Diluted (in shares)	152	152	151	143	137

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	360	329	457	563	403
Trade accounts and notes receivable, net	459	495	457	535	347
Inventories, net	643	638	607	813	475
Deferred tax charges and refundable income taxes	35	40	—	—	—
Assets held-for-sale	0	6	279	—	—
Other current assets	141	109	114	129	53
Total current assets	1,638	1,616	1,977	2,335	1,313
Property, plant and equipment, net	1,636	1,623	1,468	1,393	654
Right-of-use assets - Operating lease	90	63	58	79	67
Right-of-use assets - Finance lease	19	21	22	16	—
Goodwill	3,947	3,944	3,946	4,408	794
Intangible assets, net	907	1,092	1,282	1,842	335
Deferred tax assets and other noncurrent tax assets	92	13	—	—	—
Other noncurrent assets	22	24	28	36	11
Total assets	8,351	8,395	8,813	10,139	3,192
Accounts payable	172	193	134	172	131
Accrued payroll and related benefits	97	115	110	142	109
Accrued interest payable	24	24	25	26	6
Liabilities held-for-sale	0	1	19	11	0
Other accrued liabilities	114	111	149	161	84
Income taxes payable	82	81	77	98	49
Total current liabilities	489	525	514	762	379
Long-term debt	3,698	3,981	4,577	5,633	937
Pension benefit obligations and other liabilities	72	55	54	54	38
Deferred tax liabilities and other noncurrent tax liabilities	41	70	190	391	64
Long term lease liability - Operating lease	82	54	50	68	60
Long term lease liability - Finance lease	17	18	19	13	—
Preferred stock, par value $.01; 5.0 shares authorized; none issued and outstanding as of December 31, 2025 and December 31, 2024	0	0	0	0	0
Common stock, par value $.01; 400.0 shares authorized; issued and outstanding shares as of December 31, 2025: 152.1 and 151.9, respectively; issued and outstanding shares as of December 31, 2024: 151.3 and 151.1, respectively	2	2	2	1	1
Treasury stock, common, at cost: 0.2 shares held as of December 31, 2025 and December 31, 2024	−7	−7	−7	−7	−7
Additional paid-in capital	2,472	2,385	2,305	2,205	880
Retained earnings	1,558	1,384	1,152	1,031	880
Accumulated other comprehensive loss	−71	−72	−43	−13	−40
Total equity	3,953	3,692	3,409	3,218	1,714
Total liabilities and equity	8,351	8,395	8,813	10,139	3,192

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation	205	188	173	135	90
Share-based compensation expense	69	66	61	67	30
Provision for deferred income taxes	−87	−79	−146	−103	−18
Impairment of goodwill	0	0	115	0	0
Loss on extinguishment of debt	3	13	28	3	23
Loss (gain) from sale of businesses and held-for-sale assets, net	11	−4	24	0	0
Impairment on long-lived assets	12	13	31	0	0
Charge for excess and obsolete inventory	39	40	38	29	17
Amortization of debt issuance costs and original issuance discounts	14	15	21	16	—
Other	17	6	23	29	−4
Trade accounts receivable and notes receivable	40	−49	600,000	−60	−87
Inventories	−43	−77	103	−203	−168
Accounts payable and other accrued liabilities	12	9	−15	15	54
Other current assets	−10	−5	−12	−14	3
Income taxes payable and refundable income taxes	−8	8	−10	22	−3
Other	1	5	−1	12	5
Net cash provided by operating activities	695	632	645	363	400
Acquisition of property and equipment	−299	−316	−457	−466	−211
Proceeds from government incentives	8	0	0	—	—
(Payment) proceeds from sale of businesses, net	−7	—	—	—	—
(Payment) proceeds from sale of businesses, net	—	251	815	—	—
Proceeds from termination of alliance agreement	0	0	191	0	0
Other	−3	−2	4	−5	4
Net cash (used in) provided by investing activities	−301	−67	553	−4,946	−298
Proceeds from revolving credit facility and short-term debt	567	140	0	476	101
Payments of revolving credit facility and short-term debt	−567	−140	−135	−341	−101
Proceeds from long-term debt	0	225	217	4,941	400
Payments of long-term debt	−300	−848	−1,339	—	—
Payments for debt issuance costs	0	0	−4	−99	−5
Payments for dividends	−61	−61	−60	−57	−44
Issuance of common stock from employee stock plans	7	14	36	5	25
Taxes paid related to net share settlement of equity awards	−11	−17	−12	−23	−16
Other	−2	−2	−1	−1	−348,000
Net cash used in financing activities	−367	−689	−1,298	4,755	−276
Effect of exchange rate changes on cash, cash equivalents and restricted cash	4	−3	−7	—	—
Increase (decrease) in cash, cash equivalents and restricted cash	31	−128	−107	161	−178
Share issuance in exchange for extinguishment of Employee Stock Purchase Plan liability	22	17	15	—	—
Equipment purchases in accounts payable	24	58	21	28	29
Interest paid, net of capitalized interest	185	199	288	164	47
Income taxes paid, net of refunds received	113	104	139	114	88

Filings

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