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MKS

MKSI
54
Hardware, Equipment & Parts · Technology
Price
$324.69
-7.31 (-2.20%)
Market Cap
$21.93B
Exchange
NASDAQ
Winston Score
54
Winston is curious
Mixed quality — meaningful strengths and weaknesses.

Share count rising — dilution

+21.5% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 55.7M (2021) → 67.7M (2025)

MKS Inc. provides instruments, systems, subsystems, and process control solutions that measure, monitor, deliver, analyze, power, and control critical parameters of manufacturing processes worldwide. Its Vacuum & Analysis segment offers pressure and vacuum control solutions, including direct and indirect pressure measurement; materials delivery solutions comprising flow and valve technologies, as well as integrated pressure measurement and control subsystems, which provide customers with precise

Winston Score History

Politician Trades

4 trades / 12mo

2 Congressional buys and 2 sells on MKSI in the last 12 months.

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Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+15.2% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+62.3% YoY

YoY Growth Rate

Strong earnings growth

R&D Spend

$299M/ year

Rising (+10% vs prior year)

7.6% of revenue

Below sector average (15%)

R&D investment increasing — building for the future

Insider Activity

0.6%ownership

Flat

Insiders holding steady — not selling despite ability to

Cash Position

Cash flow positive

$569M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

MKS is a rare growth stock that's already generating positive cash flow while growing at 15%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin
41.2%
Healthy — 41.2% gross margin
Operating Margin
16.0%
Healthy — 16.0% operating margin
ROCE
3.9%
Weak — 3.9% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales YoY
+11.5%
Steady sales growth (11.5% YoY)
EPS YoY
+44.5%
Earnings growing fast (44.5% YoY)

Earnings growing 25%+ a year. The compounder zone.

EPS Consistency
8/8 quarters
Every recent quarter grew earnings vs last year

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Cash Flow

Cash Conversion
170%
Turns 170% of profit into real cash
FCF Margin
9.8%
Modest free cash flow (9.8%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

Debt / Equity
0.58
Conservative — low debt load (0.58)
Interest Cover
2.95x
Tight — interest eats into profit (2.9x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

P/E Ratio (TTM)
66.7x
Expensive — P/E 66.7

P/E over 35. The market is pricing in heavy, sustained growth.

P/E vs Forward
+35.3
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (66.7 → 31.4)

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Dividends

Dividend Yield
0.26%
Small dividend — 0.26% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend Growth
+6.8%
Dividend growing modestly (6.8% YoY)

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