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Applied Materials vs Broadcom: revenue, profit, margins and growth compared

Applied Materials brought in $28.4B of revenue in fiscal 2025, Broadcom $63.9B in fiscal 2025. Revenue changed by +4.4% at Applied Materials and +23.9% at Broadcom on the year before, so Broadcom grew faster. Applied Materials kept 24.7% of its revenue as net profit, Broadcom 36.2%. Free cash flow was $5.7B at Applied Materials and $26.9B at Broadcom.

Side by side, latest fiscal year

AMATAVGO
Fiscal year endedFY2025 (October 26, 2025)FY2025 (November 2, 2025)
Revenue$28.4B$63.9B
Revenue growth+4.4%+23.9%
Net income$7B$23.1B
Net margin24.7%36.2%
Free cash flow$5.7B$26.9B
Free cash flow margin20.1%42.1%
Earnings per share (diluted)$8.66$4.77
Cash$7.2B$16.2B
Debt$6.5B$65.1B
Price to earnings56.074.0
Market value$385.1B$1.68T
Dividend yield0.37%0.67%
Rank by revenue in sector#26 of 530 · Technology#11 of 530 · Technology

Over the years

Revenue
AMAT FY2018: $16.7BAMAT FY2019: $14.6BAMAT FY2020: $17.2BAMAT FY2021: $23.1BAMAT FY2022: $25.8BAMAT FY2023: $26.5BAMAT FY2024: $27.2BAMAT FY2025: $28.4BAVGO FY2018: $20.8BAVGO FY2019: $22.6BAVGO FY2020: $23.9BAVGO FY2021: $27.5BAVGO FY2022: $33.2BAVGO FY2023: $35.8BAVGO FY2024: $51.6BAVGO FY2025: $63.9BFY18FY19FY20FY21FY22FY23FY24FY25
AMAT $28.4BAVGO $63.9B
Net income
AMAT FY2018: $3BAMAT FY2019: $2.7BAMAT FY2020: $3.6BAMAT FY2021: $5.9BAMAT FY2022: $6.5BAMAT FY2023: $6.9BAMAT FY2024: $7.2BAMAT FY2025: $7BAVGO FY2018: $12.3BAVGO FY2019: $2.7BAVGO FY2020: $2.7BAVGO FY2021: $6.4BAVGO FY2022: $11.5BAVGO FY2023: $14.1BAVGO FY2024: $5.9BAVGO FY2025: $23.1BFY18FY19FY20FY21FY22FY23FY24FY25
AMAT $7BAVGO $23.1B
Net margin
AMAT FY2018: 18.2%AMAT FY2019: 18.5%AMAT FY2020: 21.0%AMAT FY2021: 25.5%AMAT FY2022: 25.3%AMAT FY2023: 25.9%AMAT FY2024: 26.4%AMAT FY2025: 24.7%AVGO FY2018: 58.8%AVGO FY2019: 11.9%AVGO FY2020: 11.1%AVGO FY2021: 23.4%AVGO FY2022: 34.6%AVGO FY2023: 39.3%AVGO FY2024: 11.4%AVGO FY2025: 36.2%FY18FY19FY20FY21FY22FY23FY24FY25
AMAT 24.7%AVGO 36.2%
Revenue growth
AMAT FY2019: -12.6%AMAT FY2020: +17.8%AMAT FY2021: +34.1%AMAT FY2022: +11.8%AMAT FY2023: +2.8%AMAT FY2024: +2.5%AMAT FY2025: +4.4%AVGO FY2019: +8.4%AVGO FY2020: +5.7%AVGO FY2021: +14.9%AVGO FY2022: +21.0%AVGO FY2023: +7.9%AVGO FY2024: +44.0%AVGO FY2025: +23.9%FY19FY20FY21FY22FY23FY24FY25
AMAT +4.4%AVGO +23.9%
Free cash flow
AMAT FY2018: $3.2BAMAT FY2019: $2.8BAMAT FY2020: $3.4BAMAT FY2021: $4.8BAMAT FY2022: $4.6BAMAT FY2023: $7.6BAMAT FY2024: $7.5BAMAT FY2025: $5.7BAVGO FY2018: $8.2BAVGO FY2019: $9.3BAVGO FY2020: $11.6BAVGO FY2021: $13.3BAVGO FY2022: $16.3BAVGO FY2023: $17.6BAVGO FY2024: $19.4BAVGO FY2025: $26.9BFY18FY19FY20FY21FY22FY23FY24FY25
AMAT $5.7BAVGO $26.9B

Fiscal years as each company reports them; the two may end in different months.

Questions about Applied Materials and Broadcom

Which is bigger by revenue, Applied Materials or Broadcom?

Broadcom is bigger by revenue: $63.9B in fiscal 2025, against $28.4B for Applied Materials in fiscal 2025.

Which keeps more of its revenue as profit, Applied Materials or Broadcom?

Applied Materials had a net margin of 24.7% in fiscal 2025; Broadcom had 36.2% in fiscal 2025.

Which grew revenue faster, Applied Materials or Broadcom?

In their latest fiscal years revenue changed by +4.4% at Applied Materials and +23.9% at Broadcom.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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