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Entegris

ENTG on Nasdaq. Entegris sells materials and process solutions to semiconductor manufacturers. Market value $25.5bn.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.

Should I look at this?

Good business, but not cheap right now

Why it could be worth it

What to watch out for

See cheaper Technology stocks on the list

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
past 12 months to June 2026
2.3%low

For every $100 of what the whole company costs, it produced $2.26 of spare cash in the past 12 months. A savings account pays about $4.

Price to profit
past 12 months to June 2026
53.6×full

You pay 53.6 years of operating profit for the business. The average large US company costs around 18.

Return on capital
five annual reports to December 2025
5.2%five-year median

Each dollar kept in the business earns 5 cents a year. Above 10 is good.

Quality score: 82 of 100. Price score: 19 of 100. Our list needs 70 on quality and 60 on price.

$166.89 a share, 146% above its 1-year low

Over the past year the price has ranged from $67.97 to $186.94.

Dividend: 0.2% a year

Paid every year for at least 5 years

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

0.2
-0.1
0.2
0.3
0.4
0.6
2021202220232024202512 monthsto Jun '26

Spare cash swings from quarter to quarter here: $575 million in the past 12 months, $396 million in the year to December 2025.

Revenue
$2.3bn$3.3bn$3.5bn$3.2bn$3.2bn
Operating margin
24.0%14.6%14.2%16.5%14.3%
Debt to equity
0.551.801.351.080.94
Shares outstanding
0.15bn0.15bn0.15bn0.15bn0.15bn

Health checks

  • Free cash flow positive4 of 5 years
  • Accounting looks honest (Beneish)Nothing unusual
  • Financial strength (Piotroski)6 of 9
  • Profit backed by cash (accruals)Yes
  • Debt0.94× equity
  • Revenue growth, five yearsStrong, 11.4% a year
  • Buying back its own sharesRoughly flat

The quarter to June 2026

How the business did, compared with the same quarter a year earlier.

  • Sales: $883 million last quarter, up 11% on a year ago.
  • Profit: $94 million, up 77% on a year ago.
  • It keeps 16 cents of each $1 of sales as operating profit, about the same as a year earlier.
  • Spare cash over the past 12 months: $575 million, up from $263 million.
  • 1% more shares than a year ago. Each share owns a bit less of the company.
  • Debt is $3.1 billion more than cash, down from $3.6 billion a year ago.
  • Sales grew on a year ago in 2 of the last 4 quarters.
Sales by quarter
Sales by quarter
Quarter toAmount
September 2024$808m
December 2024$850m
March 2025$773m
June 2025$792m
September 2025$807m
December 2025$824m
March 2026$812m
June 2026$883m
Profit by quarter
Profit by quarter
Quarter toAmount
September 2024$78m
December 2024$102m
March 2025$63m
June 2025$53m
September 2025$71m
December 2025$49m
March 2026$92m
June 2026$94m

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
n/a
Last annual report (10-K)
11 February 2026
Next quarterly (estimated, 10-Q)
3 November 2026

Who owns it

11 long-term investors we follow own it, unchanged from 11 last quarter. 744 funds in all.

Jun '25
Dec '25
Jun '26
Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

6 investors own more than 5%.

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

No insider bought shares on the open market in the last 12 months. 8 sold $51m, $40m of it under preset trading plans.

  • Blachier Olivier
    President, Materials Solutions
    Sold
    under a preset trading plan
    Date
    14 August 2026
    Shares
    2,000
    Price
    $160.66
    Value
    $321,320
  • Colella Joseph
    SVP and General Counsel
    Sold
    Date
    13 August 2026
    Shares
    3,916
    Price
    $164.48
    Value
    $644,104
  • Rice Susan G.
    SVP, Global Human Resources
    Sold
    Date
    11 August 2026
    Shares
    2,062
    Price
    $149.52
    Value
    $308,310
  • LEDERER JAMES P
    Director
    Sold
    Date
    3 June 2026
    Shares
    3,569
    Price
    $143.59
    Value
    $512,473
  • Haris Clinton M.
    SVP & President, APS Division
    Sold
    under a preset trading plan
    Date
    27 May 2026
    Shares
    6,848
    Price
    $149.23
    Value
    $1m
  • Rice Susan G.
    SVP, Global Human Resources
    Sold
    Date
    15 May 2026
    Shares
    19,893
    Price
    $132.84
    Value
    $3m
  • Blachier Olivier
    SVP, Chief Strategy Officer
    Sold
    Date
    14 May 2026
    Shares
    2,000
    Price
    $140.04
    Value
    $280,080
  • Colella Joseph
    SVP and General Counsel
    Sold
    Date
    14 May 2026
    Shares
    6,326
    Price
    $140.17
    Value
    $886,715
  • Haris Clinton M.
    SVP & President, APS Division
    Sold
    under a preset trading plan
    Date
    14 May 2026
    Shares
    5,830
    Price
    $144.57
    Value
    $842,843
  • LOY BERTRAND
    Executive Chair, Director
    Sold
    under a preset trading plan
    Date
    17 April 2026
    Shares
    44,138
    Price
    $144.41
    Value
    $6m

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

None of the warning signs we check for were found.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 11 Feb 2026, plus the 10-Q filed 4 Aug 2026 and 9 later 8-Ks.

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

  • It isn't cheap on profits: 53.6× operating profit.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.