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Mks vs Ralliant: revenue, profit, margins and growth compared

Mks brought in $3.9B of revenue in fiscal 2025, Ralliant $2.1B in fiscal 2025. Revenue changed by +9.6% at Mks and -4.0% at Ralliant on the year before, so Mks grew faster. Mks kept 7.5% of its revenue as net profit, Ralliant -59.1%. Free cash flow was $497M at Mks and $358.4M at Ralliant.

Side by side, latest fiscal year

MKSIRAL
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$3.9B$2.1B
Revenue growth+9.6%-4.0%
Net income$295M-$1.2B
Net margin7.5%-59.1%
Free cash flow$497M$358.4M
Free cash flow margin12.6%17.3%
Earnings per share (diluted)$4.37-$10.84
Cash$418M$318.8M
Debt$4.2B$1.1B
Price to earnings59.7n/a
Market value$17.6B$7.7B
Dividend yield0.34%0.14%
Rank by revenue in sector#144 of 451 · Industrials#217 of 451 · Industrials

Over the years

Revenue
MKSI FY2018: $2.1BMKSI FY2019: $1.9BMKSI FY2020: $2.3BMKSI FY2021: $3BMKSI FY2022: $3.5BMKSI FY2023: $3.6BMKSI FY2024: $3.6BMKSI FY2025: $3.9BRAL FY2023: $2.2BRAL FY2025: $2.2BRAL FY2025: $2.1BFY18FY19FY20FY21FY22FY23FY24FY25
MKSI $3.9BRAL $2.1B
Net income
MKSI FY2018: $392.9MMKSI FY2019: $140.4MMKSI FY2020: $350MMKSI FY2021: $551MMKSI FY2022: $333MMKSI FY2023: -$1.8BMKSI FY2024: $190MMKSI FY2025: $295MRAL FY2023: $416.8MRAL FY2025: $354.6MRAL FY2025: -$1.2BFY18FY19FY20FY21FY22FY23FY24FY25
MKSI $295MRAL -$1.2B
Net margin
MKSI FY2018: 18.9%MKSI FY2019: 7.4%MKSI FY2020: 15.0%MKSI FY2021: 18.7%MKSI FY2022: 9.4%MKSI FY2023: -50.8%MKSI FY2024: 5.3%MKSI FY2025: 7.5%RAL FY2023: 19.3%RAL FY2025: 16.5%RAL FY2025: -59.1%FY18FY19FY20FY21FY22FY23FY24FY25
MKSI 7.5%RAL -59.1%
Revenue growth
MKSI FY2019: -8.4%MKSI FY2020: +22.6%MKSI FY2021: +26.6%MKSI FY2022: +20.2%MKSI FY2023: +2.1%MKSI FY2024: -1.0%MKSI FY2025: +9.6%RAL FY2025: -0.0%RAL FY2025: -4.0%FY19FY20FY21FY22FY23FY24FY25
MKSI +9.6%RAL -4.0%
Free cash flow
MKSI FY2018: $350.9MMKSI FY2019: $180.6MMKSI FY2020: $428MMKSI FY2021: $553MMKSI FY2022: $365MMKSI FY2023: $232MMKSI FY2024: $410MMKSI FY2025: $497MRAL FY2023: $432.6MRAL FY2025: $420.2MRAL FY2025: $358.4MFY18FY19FY20FY21FY22FY23FY24FY25
MKSI $497MRAL $358.4M

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

Questions about Mks and Ralliant

Which is bigger by revenue, Mks or Ralliant?

Mks is bigger by revenue: $3.9B in fiscal 2025, against $2.1B for Ralliant in fiscal 2025.

Which keeps more of its revenue as profit, Mks or Ralliant?

Mks had a net margin of 7.5% in fiscal 2025; Ralliant had -59.1% in fiscal 2025.

Which grew revenue faster, Mks or Ralliant?

In their latest fiscal years revenue changed by +9.6% at Mks and -4.0% at Ralliant.

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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