Mks Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Mks Inc (MKSI) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Mks Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 4,348M vs 1,069M combined for tracked competitors (80.3% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+14.8% annualized vs trailing 12 months), vs accelerating (+4.2%) for its tracked peer group.
- Growth: Mks Inc generated 28.3% revenue growth year over year in Q2 2026, vs 11.2% for its tracked competitors combined.
- Profitability: Its 14.0% net margin compares with 1.9% for the peer group.
- Scale: Mks Inc ranks #10 of 71 companies by market capitalization in the IT Infrastructure industry, holding 2.1% of industry market cap.
- Peer revenue share: Mks Inc accounted for 81.8% of combined revenue among its tracked peer group, up from 79.5% a year earlier.
- Peer differentiation: Revenue per employee of $0.43M compares with $0.14M for the peer group (3.1x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
MKSI Sales vs. its Competitors, Q2 2026
Mks Inc reported revenue growth of 28.26 % year on year in Q2 2026, above its competitors' combined revenue growth of 11.18 %.
With a net margin of 14.02 %, Mks Inc achieved higher profitability than its competitors (1.88 %).
Mks Inc generated 81.75 % of the combined sales of its peer group, up from 79.52 % a year earlier.
Mks Inc vs. its Competitors, Q2 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Mks Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Mks Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (1) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (6) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (6) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Mks Inc's competitor groups requires a Commercial License.
For context: the IT Infrastructure industry grew revenue 21.0% year over year, combined, vs 28.3% for Mks Inc. Mks Inc's share of combined industry revenue moved from 1.78% to 1.89%, a gain of 0.11 percentage points.
Mks Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Mks Inc | Yes | Yes | Yes | - |
| Competitors combined (2) | ||||
| High-Confidence Competitors (1) | ||||
| Similar-Size Competitors (10) | ||||
| Similar Growth & Profitability (8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 0.00 % (0 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
MKSI Stock Performance relative to its Competitors
MKSI Stock Performance relative to High-Confidence Competitors
MKSI Stock Performance relative to Similar-Size Competitors
MKSI Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Coherent Corp | 282.9% | Outperformed |
| 2 | Ipg Photonics Corp | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Mks Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Mks Inc's Comment on Competition and Industry Peers
historical customer relationships;
product quality, performance and price;
breadth of product line;
manufacturing capabilities; and
customer service and support.
Although we believe that we compete favorably with respect to these factors,
there can be no assurance that we will continue to do so.
We encounter substantial competition in most of our product lines, although
no single competitor competes with us across all product lines. Certain of our
competitors may have greater financial and other resources than we do. In some
cases, competitors are smaller than we are, but are well established in specific
product niches. Hitachi Ltd. and Horiba Ltd. offer materials delivery products
that compete with our product line of mass flow controllers. Nor-Cal Products,
Inc. and VAT, Inc. offer products that compete with our vacuum components. Inficon,
Inc. offers products that compete with our vacuum measurement and gas analysis
products and our vacuum gauging products. Advanced Energy Industries, Inc. offers
products that compete with our power delivery and reactive gas generator products.
Publicly Traded Peers of Mks Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Mks Inc | 18,784.23 | 4,348.00 |
| Coherent Corp | 55,463.86 | 6,602.08 |
| Ipg Photonics Corp | 3,314.17 | 1,069.16 |
| SUBTOTAL | 77,562.25 | 12,019.24 |
Sources: Mks Inc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Mks Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Mks Inc's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Brooks Instrument | Named by the company | 85% |
| Inficon, Inc. | Named by the company | 85% |
| Hitachi Ltd. | Named by the company | 85% |
| Advanced Energy Industries, Inc. | Named by the company | 85% |
| VAT, Inc. | Named by the company | 85% |
| Horiba Ltd. | Named by the company | 85% |
| Ipg Photonics Corp | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Mks Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Mks Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Mks Inc | Vacuum Solutions Division 39.42 % |
| Coherent Corp | Datacenter and Communications 64.63 % |
| Ipg Photonics Corp | Reportable 100.00 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Mks Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Mks Inc | 18,784 | 426,275 | 43,137 |
| Coherent Corp | 55,464 | 129,453 | 8,874 |
| Ipg Photonics Corp | 3,314 | 220,900 | 5,694 |
| PEERS TOTAL | 58,778 | 137,379 | 8,598 |
Mks Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Mks Inc | CN 23.38 % |
| Coherent Corp | North America 61.36 % |
| Ipg Photonics Corp | China 34.36 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Mks Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 66 companies in Mks Inc's industry classification, broader than the peer set above. Market cap in millions of $.Mks Inc ranks #10 of 66 companies by market capitalization in its industry, holding 2.11 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 1,231, indicating a unconcentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Amphenol Corporation | 217,810 | 24.51 % |
| 2 | Danaher Corporation | 158,640 | 17.85 % |
| 3 | Vertiv Holdings Co | 97,926 | 11.02 % |
| 4 | Keysight Technologies inc | 62,400 | 7.02 % |
| 5 | Teradyne Inc | 1,234 | 5.2% |
| 6 | Ametek Inc | 1,234 | 5.2% |
| 7 | Roper Technologies Inc | 1,234 | 5.2% |
| 8 | Hubbell Inc | 1,234 | 5.2% |
| 9 | Veralto Corporation | 1,234 | 5.2% |
| 10 | Mks Inc | 18,724 | 2.11 % |
Market cap and industry share for the rest of Mks Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-28.
Mks Inc's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 5 | Teradyne Inc | 62,104 | 196.40 % |
| 6 | Ametek Inc | 57,735 | 36.22 % |
| 7 | Roper Technologies Inc | 35,401 | -28.91 % |
| 8 | Hubbell Inc | 24,846 | 5.60 % |
| 9 | Veralto Corporation | 1,234 | 12.3% |
| 10 | Mks Inc | 18,724 | 110.67 % |
| 11 | Fortive Corporation | 1,234 | 12.3% |
| 12 | Ul Solutions Inc | 1,234 | 12.3% |
| 13 | Vicor Corporation | 1,234 | 12.3% |
| 14 | Advanced Energy Industries inc | 1,234 | 12.3% |
| 15 | Cognex Corp | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Mks Inc's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-28. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Mks Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the IT Infrastructure industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (79 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 46.96 % | 39.24 % (avg) | +7.7 pp |
| Operating Margin | 15.69 % | industry median | +12.3 pp |
| EBITDA Margin | 25.69 % | 5.24 % (avg) | +20.5 pp |
| Capital Intensity (Capex / Revenue) | 4.14 % | 3.72 % (avg) | +0.4 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Mks Inc's Valuation vs Competitive Position
Valuation multiples vs the IT Infrastructure industry average (79 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 53.8x | 39.9x | +13.9x |
| EV / EBITDA | 25.5x | 20.9x | +4.6x |
| P/B | 8.8x | 4.7x | +4.1x |
| Return on Equity | 15.83 % | industry aggregate | 2.18 % |
| Return on Invested Capital | 6.54 % | -0.81 % (avg) | 7.35 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Mks Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 47.91 % | 8.31 % | -8.45 % | 22.65 % | 26.59 % | 2.11 % | -0.99 % | 9.62 % |
| Operating Margin | 21.22 % | 23.81 % | 11.57 % | 19.48 % | 23.69 % | -42.90 % | 13.89 % | 13.43 % |
| Return on Invested Capital | 11.49 % | 12.11 % | 4.35 % | 8.13 % | 10.56 % | -12.44 % | 4.52 % | 4.83 % |
| P/E | 16.3x | 10.0x | 43.0x | 23.6x | 16.5x | - | 39.7x | 39.1x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Mks Inc's Strategic Group Map
Every company in Mks Inc's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Mks Inc is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Mks Inc's BCG Growth-Share Matrix
Relative market share (vs Mks Inc's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Mks Inc falls in the Dog quadrant: relative market share of 0.09x vs its largest competitor, in an industry growing revenue 8.6% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Mks Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 1,231 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Moderate, in line with the industry | Capital intensity (capex / revenue) of 4.14 % vs industry average 3.72 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Mks Inc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Mks Inc's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Mks Inc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Mks Inc falls in the Low attractiveness / Medium strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Mks Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Operating margin 12.3 points above the industry median.
- Latest-quarter revenue run-rate is accelerating (+14.8% annualized vs trailing 12 months).
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Low relative market share vs the industry leader (0.09x).
Opportunities
No rule matched.
Threats
No rule matched.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Mks Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Mks Inc | 0.07 | 1.59 | 1.48 |
| Coherent Corp | 0.57 | 2.47 | 0.48 |
| Ipg Photonics Corp | 1.75 | 6.18 | - |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Mks Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Mks Inc | Q2 2026 | +28.3 % | +182.3 % |
| Coherent Corp | Q1 2026 | +20.5 % | +10,193.1 % |
| Ipg Photonics Corp | Q2 2026 | +11.2 % | -20.6 % |
| PEERS TOTAL | +22.4 % | +414.3 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Mks Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Mks Inc | Q2 2026 | +25.6 % | +86.2 % |
| Coherent Corp | Q1 2026 | +16.0 % | - |
| Ipg Photonics Corp | Q2 2026 | +5.8 % | +34.9 % |
Mks Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Mks Inc | 4.99% | 5.75% | 15.83% |
| Coherent Corp | 2.93% | 3.52% | 6.20% |
| Ipg Photonics Corp | 1.14% | 1.27% | 1.30% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Mks Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Mks Inc | 41.21 | 4.32 |
| Coherent Corp | 135.14 | 8.40 |
| Ipg Photonics Corp | 118.82 | 3.10 |
| PEERS AVERAGE | 84.29 | 6.45 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.