ASML Holding N.V.

ASMLNASDAQTechnology● Active

$1,641.74

$-115.73(-6.59%)

Market Cap$632.8B

P/E Ratio—

52W High$1743.27

52W Low$683.48

Avg Volume1.7M

Open$1,685.44

Beta1.40

Overview

ASML Holding N.V. (ASML) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

ASML · free cash flow · updated Jun 8, 2026

Core FCF metrics

ASML · FCF · TTM · margin & CAGR

Free cash flow was $10.65B for FY2025 (fiscal year ending 2025-12-31), up 12.0% year-over-year The FCF margin was 32.6%. Five-year CAGR stands at +25.6%.

FY2025 Free Cash Flow$10.65B▲ +12.0% YoY

Trailing 12M (TTM)$8.58Btrailing 4 quarters sum

FCF Margin32.6%$10.65B ÷ revenue

3-Year CAGR+14.8%FY2022 → FY2025

5-Year CAGR+25.6%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

ASML · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$12.16B(1.51B)$10.65B▲ +12.0%32.6%

FY2024$11.66B(2.16B)$9.50B▲ +194.3%33.6%

FY2023$5.35B(2.12B)$3.23B▼ 54.1%11.7%

FY2022$8.29B(1.25B)$7.04B▼ 32.1%33.2%

FY2021$11.31B(939M)$10.37B▲ +203.9%55.7%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

ASML · P/FCF · FCF yield · FCF per share

ASML Holding N.V. (ASML) trades at a FCF yield of 1.61% and a price-to-free-cash-flow ratio of 74.3x. FCF per share stands at $22.09, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

1.61%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$22.09

TTM FCF ÷ Shares Outstanding

Price / FCF

x74.3

Share Price ÷ FCF per Share

EV / FCF (TTM)

x61.6

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

ASML · cash flow statement · operating / investing / financing

For FY2025, ASML Holding N.V. generated $12.16B in operating cash flow and spent 1.51B in capital expenditures, yielding $10.65B in free cash flow.

Operating Activities

+$12.16B

Cash from core business operations

2025-12-31

Investing Activities

−$3.63B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$8.33B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($12.16B) − |CapEx| (1.51B) = FCF ($10.65B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

ASML vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

ASML Holding N.V.YOU

ASML

$10.65B+12.0%32.6%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

ASML Holding N.V. (ASML) reported free cash flow of $10.65B for FY2025 (fiscal year ending 2025-12-31), up 12.0% year-over-year. The FCF margin was 32.6%.

Based on available data, ASML Holding N.V. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $10.65B in FY2025. The 5-year CAGR stands at +25.6%.

ASML Holding N.V.'s FCF yield is 1.61% and price-to-FCF ratio is 74.3x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

ASML free cash flow · 8 questions

ASML Holding N.V. free cash flow was $10.65B for FY2025, up 12.0% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $8.58B.

ASML free cash flowASML FCFASML FCF 2025ASML free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · ASML Holding N.V. · ASML Holding N.V. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026