How do Applied Materials and Gartner compare by revenue?

Applied Materials reported revenue of $6.8B in Q4 2025, while Gartner reported $1.8B in Q4 2025. Applied Materials is 3.9× larger by last-quarter revenue.

Which is growing revenue faster, Applied Materials or Gartner?

Applied Materials's latest revenue grew -3.5% year-over-year, versus 2.2% for Gartner. Gartner is growing faster on a YoY basis.

Which has a higher gross margin, Applied Materials or Gartner?

Applied Materials's gross margin is 48.0% vs Gartner's 67.8%. Gartner converts more of each revenue dollar into gross profit.

Which has a higher net margin, Applied Materials or Gartner?

Applied Materials's net margin is 27.9% vs Gartner's 13.8%. Applied Materials has the higher bottom-line margin.

Which generates more free cash flow, Applied Materials or Gartner?

Applied Materials generated $2.0B of free cash flow last quarter, versus $270.7M for Gartner. Free cash flow is operating cash flow minus capital expenditure — what's actually left for dividends, buybacks and debt repayment.

What is the 2-year revenue CAGR for Applied Materials vs Gartner?

Over the trailing 8 quarters, Applied Materials compounded revenue at roughly 0.7% per year, versus 9.1% for Gartner. Gartner has the faster medium-term growth trajectory.

Where does this AMAT vs IT data come from?

All figures are parsed directly from SEC EDGAR 10-Q / 10-K / 20-F / 6-K filings (for US-listed issuers) or EDINET filings (for Japanese issuers), then normalised into a common schema. Numbers update automatically as new filings are released.

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Side-by-side financial comparison of Applied Materials (AMAT) and Gartner (IT), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.

Applied Materials is the larger business by last-quarter revenue ($6.8B vs $1.8B, roughly 3.9× Gartner). Applied Materials runs the higher net margin — 27.9% vs 13.8%, a 14.1% gap on every dollar of revenue. On growth, Gartner posted the faster year-over-year revenue change (2.2% vs -3.5%). Applied Materials produced more free cash flow last quarter ($2.0B vs $270.7M). Over the past eight quarters, Gartner's revenue compounded faster (9.1% CAGR vs 0.7%).

Applied MaterialsAMATEarnings & Financial Report

Nasdaq · Information Technology · Semiconductor Materials & Equipment

Applied Materials, Inc. is an American corporation that supplies equipment, services and software for the manufacture of semiconductor chips for electronics, flat panel displays for computers, smartphones, televisions, and solar products. The company also supplies equipment to produce coatings for flexible electronics, packaging and other applications. The company is headquartered in Santa Clara, California, and is the second largest supplier of semiconductor equipment in the world based on r...

GartnerITEarnings & Financial Report

NYSE · Information Technology · market research

Gartner, Inc. is an American research and advisory firm focusing on business and technology topics. Gartner provides its products and services through research reports, conferences, and consulting. Its clients include large corporations, government agencies, technology companies, and investment firms.

AMAT vs IT — Head-to-Head

Bigger by revenue

AMAT

3.9× larger

$6.8B

$1.8B

Growing faster (revenue YoY)

+5.7% gap

2.2%

-3.5%

Higher net margin

AMAT

14.1% more per $

27.9%

13.8%

More free cash flow

AMAT

$1.8B more FCF

$2.0B

$270.7M

Faster 2-yr revenue CAGR

Annualised

9.1%

0.7%

Income Statement — Q4 2025 vs Q4 2025

Metric	AMAT	IT
Revenue	$6.8B	$1.8B
Net Profit	$1.9B	$242.2M
Gross Margin	48.0%	67.8%
Operating Margin	25.2%	19.1%
Net Margin	27.9%	13.8%
Revenue YoY	-3.5%	2.2%
Net Profit YoY	9.6%	-39.2%
EPS (diluted)	$2.36	$3.36

Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.

Revenue

AMAT

Q4 25	$6.8B	$1.8B
Q3 25	$7.3B	$1.5B
Q2 25	$7.1B	$1.7B
Q1 25	$7.2B	$1.5B
Q4 24	$7.0B	$1.7B
Q3 24	$6.8B	$1.5B
Q2 24	$6.6B	$1.6B
Q1 24	$6.7B	$1.5B

Net Profit

AMAT

Q4 25	$1.9B	$242.2M
Q3 25	$1.8B	$35.4M
Q2 25	$2.1B	$240.8M
Q1 25	$1.2B	$210.9M
Q4 24	$1.7B	$398.6M
Q3 24	$1.7B	$415.0M
Q2 24	$1.7B	$229.5M
Q1 24	$2.0B	$210.5M

Gross Margin

AMAT

Q4 25	48.0%	67.8%
Q3 25	48.8%	69.3%
Q2 25	49.1%	68.6%
Q1 25	48.8%	69.4%
Q4 24	47.3%	66.8%
Q3 24	47.3%	68.4%
Q2 24	47.4%	68.6%
Q1 24	47.8%	69.4%

Operating Margin

AMAT

Q4 25	25.2%	19.1%
Q3 25	30.6%	5.7%
Q2 25	30.5%	19.4%
Q1 25	30.4%	18.1%
Q4 24	29.0%	18.5%
Q3 24	28.7%	16.6%
Q2 24	28.8%	20.0%
Q1 24	29.3%	18.6%

Net Margin

AMAT

Q4 25	27.9%	13.8%
Q3 25	24.4%	2.3%
Q2 25	30.1%	14.3%
Q1 25	16.5%	13.7%
Q4 24	24.6%	23.2%
Q3 24	25.2%	28.0%
Q2 24	25.9%	14.4%
Q1 24	30.1%	14.3%

EPS (diluted)

AMAT

Q4 25	$2.36	$3.36
Q3 25	$2.22	$0.47
Q2 25	$2.63	$3.11
Q1 25	$1.45	$2.71
Q4 24	$2.09	$5.08
Q3 24	$2.05	$5.32
Q2 24	$2.06	$2.93
Q1 24	$2.41	$2.67

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.

Metric	AMAT	IT
Cash + ST InvestmentsLiquidity on hand	$8.6B	$1.7B
Total DebtLower is stronger	—	—
Stockholders' EquityBook value	$20.4B	$319.9M
Total Assets	$36.3B	$8.1B
Debt / EquityLower = less leverage	—	—

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Cash + ST Investments

AMAT

Q4 25	$8.6B	$1.7B
Q3 25	$7.0B	$1.4B
Q2 25	$6.7B	$2.2B
Q1 25	$8.2B	$2.1B
Q4 24	$9.5B	$1.9B
Q3 24	$9.1B	$1.8B
Q2 24	$7.6B	$1.2B
Q1 24	$7.5B	$1.2B

Stockholders' Equity

AMAT

Q4 25	$20.4B	$319.9M
Q3 25	$19.5B	$556.6M
Q2 25	$19.0B	$1.5B
Q1 25	$18.6B	$1.5B
Q4 24	$19.0B	$1.4B
Q3 24	$18.8B	$1.1B
Q2 24	$18.2B	$646.7M
Q1 24	$17.4B	$718.2M

Total Assets

AMAT

Q4 25	$36.3B	$8.1B
Q3 25	$34.2B	$7.2B
Q2 25	$33.6B	$8.3B
Q1 25	$33.3B	$8.5B
Q4 24	$34.4B	$8.5B
Q3 24	$33.6B	$7.8B
Q2 24	$31.9B	$7.4B
Q1 24	$31.5B	$7.7B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.

Metric	AMAT	IT
Operating Cash FlowLast quarter	$2.8B	$294.5M
Free Cash FlowOCF − Capex	$2.0B	$270.7M
FCF MarginFCF / Revenue	30.0%	15.4%
Capex IntensityCapex / Revenue; lower = less reinvestment burden	11.5%	1.4%
Cash ConversionOCF / Net Profit; >1× = earnings back up with cash	1.49×	1.22×
TTM Free Cash FlowTrailing 4 quarters	$5.7B	$1.2B

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Operating Cash Flow

AMAT

Q4 25	$2.8B	$294.5M
Q3 25	$2.6B	$298.7M
Q2 25	$1.6B	$383.6M
Q1 25	$925.0M	$313.5M
Q4 24	$2.6B	$335.4M
Q3 24	$2.4B	$590.8M
Q2 24	$1.4B	$370.0M
Q1 24	$2.3B	$188.8M

Free Cash Flow

AMAT

Q4 25	$2.0B	$270.7M
Q3 25	$2.0B	$269.3M
Q2 25	$1.1B	$347.3M
Q1 25	$544.0M	$287.9M
Q4 24	$2.2B	$311.4M
Q3 24	$2.1B	$565.0M
Q2 24	$1.1B	$340.6M
Q1 24	$2.1B	$166.2M

FCF Margin

AMAT

Q4 25	30.0%	15.4%
Q3 25	28.1%	17.7%
Q2 25	14.9%	20.6%
Q1 25	7.6%	18.8%
Q4 24	30.8%	18.2%
Q3 24	30.8%	38.1%
Q2 24	17.1%	21.4%
Q1 24	31.3%	11.3%

Capex Intensity

AMAT

Q4 25	11.5%	1.4%
Q3 25	8.0%	1.9%
Q2 25	7.2%	2.1%
Q1 25	5.3%	1.7%
Q4 24	5.8%	1.4%
Q3 24	4.4%	1.7%
Q2 24	3.9%	1.8%
Q1 24	3.4%	1.5%

Cash Conversion

AMAT

Q4 25	1.49×	1.22×
Q3 25	1.48×	8.45×
Q2 25	0.74×	1.59×
Q1 25	0.78×	1.49×
Q4 24	1.49×	0.84×
Q3 24	1.40×	1.42×
Q2 24	0.81×	1.61×
Q1 24	1.15×	0.90×

Financial Flow Comparison

Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.