Company Analysis

ASML Holding N.V. (ASML)

Nasdaq: ASML · Special Industry Machinery, NEC · Dr Veldhoven, NL · filing with the SEC since 1995
Grade7.2
◀ Past 7.8● Present 6.6▶ Future 7.4
1 est.

The grade of ASML Holding N.V.

Nine metrics read from its own filings, by tense
Headline grade
7.2/10
◀ Past7.830% of the headline
● Present6.640% of the headline
▶ Future7.430% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

7.8/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
8.5/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 33% of this tense · 85th percentile among 13 sector filers · read for itself

From the record

ASML Holding N.V.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
8.5/10

What has it actually done, year after year?

+18.9% a year over 10 filed years; profitable in 10 of 10.

weight 45% of this tense · 85th percentile among 13 sector filers · read for its customers

From the record

ASML Holding N.V.'s 10 filed years say what it did: revenue went from EUR 6.9 billion in fiscal 2016 to EUR 33 billion in fiscal 2025, up 18.9% a year; it rose in 9 of 9 years; it never fell from a peak; net income was positive in 10 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span18.9%top 19% of its family
  • the share of years revenue rosetop 8% of its family
  • the share of filed years with a profittop 27% of its family
  • the deepest fall from a revenue peak0.0%top 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
5.4/10

How has it treated the people who own it?

Share count shrank 0.8% a year. 25% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 22% of this tense · 54th percentile among 11 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, ASML Holding N.V.'s diluted share count shrank about 0.8% a year, and dividends and buybacks returned about 25% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 42% of its family
  • cash returned against operating cash flowtop 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

6.6/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
5.6/10

Is it financially healthy right now?

ROE 49%: 49¢ of profit per shareholder dollar. Leverage 61%: owes 61¢ per asset dollar.

weight 45% of this tense · 56th percentile among 13 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, ASML Holding N.V. earned about 49 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 34 cents per dollar of everything the company owns. Leverage: it owed about 61 cents per dollar of assets, and net share issuance: its share count shrank 1.2% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 12% of its family
  • return on equitytop 12% of its family
  • gross profit against assetstop 35% of its family
  • the share count against the year beforetop 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
8.8/10

How strong is its position in its industry?

top 12% of 13 in its family; net margin 29.4%.

weight 33% of this tense · 88th percentile among 13 sector filers · read for its customers

From the record

ASML Holding N.V.'s standing among 13 graded names in its industry family: revenue of EUR 33 billion in fiscal 2025 is not ranked by size, since the family reports in another currency; a net margin of 29.4% ranks in the top 12%; revenue growth of 15.5% a year over the last 3 filed years ranks in the top 12% (its annual reports).

What it rests on

  • net margin29.4%top 12% of its family
  • three-year revenue growth15.5%top 12% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.1/10

What are the people in charge doing?

SI estimate 5.1/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 12 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 12 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read.
How it was reasoned
family median, 12 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: ASML Holding N.V.'s leadership is put at 5.1 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 12 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

7.4/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
7.6/10

How much room does it have to grow?

top 24% of 13 in its family for room to expand.

weight 45% of this tense · 76th percentile among 13 sector filers · read for itself

From the record

ASML Holding N.V.'s room to grow, from the newest filed statements (fiscal 2025): cash of EUR 13 billion against debt of EUR 2.7 billion leaves 20.2% of its assets as net cash, top 42% of its family; cash from operations less capital spending is 33.9% of revenue (top 4%); a gross margin of 52.8% (top 19%); research spending of 14.4% of revenue (top 29%) (its annual report).

What it rests on

  • cash less debt against assets20.2%top 42% of its family
  • cash from operations less capital spending against revenue33.9%top 4% of its family
  • gross margin52.8%top 19% of its family
  • research spending against revenue14.4%top 29% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
7.5/10

What could actually drive growth from here?

top 25% of 13 in its family for growth drivers.

weight 33% of this tense · 75th percentile among 13 sector filers · read for its customers

From the record

ASML Holding N.V.'s growth drivers, from the filed years to fiscal 2025: revenue grew 15.5% a year over the last three filed years against 18.9% over all 10, slowing (top 42% of its family); the newest year grew 15.6% (top 19%); research spending grew 13% a year (top 27%); capital spending grew 7.1% a year (top 12%) (its annual reports). ASML Holding N.V. reported 8 product lines in fiscal 2025: NXE at EUR 10 billion (32%), Arf Immersion at EUR 10 billion (32%), Service and Field Options at EUR 8.2 billion (25%), and 5 more; 5 of 8 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-3.4 points a yeartop 42% of its family
  • the newest year's revenue growth15.6%top 19% of its family
  • three-year growth of research spending13.0%top 27% of its family
  • three-year growth of capital spending7.1%top 12% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
6.8/10

Did its newest year beat what its own record pointed to?

top 32% of 13 in its family for expectations against reality.

weight 22% of this tense · 68th percentile among 13 sector filers · read for its shareholders

From the record

ASML Holding N.V.'s newest year against its own record: revenue of EUR 33 billion in fiscal 2025 came in 0.1% above the EUR 33 billion its prior three years' pace pointed to (top 42% of its family); net income of EUR 9.6 billion against a prior three-year average of EUR 7.0 billion (top 19%); a net margin of 29.4% against 27.3% before (top 35%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace0.1%top 42% of its family
  • net income against the prior three years' average+37%top 19% of its family
  • net margin against its prior average+2.2 pointstop 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton ASML · research, not advice