Applied Materials, Inc. (AMAT) vs Alphabet Inc. (GOOGL)
A side-by-side comparison of Applied Materials, Inc. and Alphabet Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 28, 2026. Differences are shown without an overall score or investment verdict.
Different business models: AMAT is classified in Technology; GOOGL is classified in Communication Services. Margin, capital intensity, and valuation differences should be interpreted in that sector context.
AMAT
Applied Materials, Inc.
$476.46TechnologyDelayed quote: Jul 28, 2026, 4:00 PM EDT
GOOGL
Alphabet Inc.
$333.71Communication ServicesDelayed quote: Jul 28, 2026, 4:00 PM EDT
Total return — AMAT vs GOOGL
growth of $100 · dividends reinvested · last 22yAMAT +4326.7%GOOGL +13026.4%GOOGL compounded faster
AMAT GOOGL
AMAT vs GOOGL: by the numbers
- •GOOGL is the larger company ($4.04T vs $378.29B market cap).
- •GOOGL trades at the lower trailing earnings multiple (16.40 vs 48.58 P/E), one valuation lens rather than an overall verdict.
- •GOOGL converts more revenue to profit (54.76% vs 29.31% net margin).
- •GOOGL grew revenue faster over the past five years (15.15% vs 9.33% CAGR).
- •AMAT pays the higher dividend yield (0.37% vs 0.26%).
Metrics side by side
Valuation
| Metric | AMAT | GOOGL |
|---|---|---|
| P/E ratio | 48.58 | 16.40 |
| Forward P/E | 42.09 | 16.71 |
| P/S ratio | 14.23 | 9.01 |
| P/B ratio | 17.27 | 6.28 |
| PEG ratio | 76.84 | 0.84 |
| EV / EBITDA | 45.66 | 23.57 |
| FCF yield | 1.44% | 1.05% |
Profitability
| Metric | AMAT | GOOGL |
|---|---|---|
| Gross margin | 48.96% | 60.90% |
| Operating margin | 29.51% | 33.12% |
| Net margin | 29.31% | 54.76% |
| ROE | 35.58% | 38.13% |
| ROIC | 21.96% | 21.82% |
Dividends
| Metric | AMAT | GOOGL |
|---|---|---|
| Dividend yield | 0.37% | 0.26% |
| Payout ratio | 21.93% | 7.79% |
Growth (annualized)
| Metric | AMAT | GOOGL |
|---|---|---|
| Revenue CAGR (5Y) | 9.33% | 15.15% |
| EPS CAGR (5Y) | 17.13% | 29.81% |
| FCF CAGR (5Y) | 9.02% | 11.33% |
| Total return CAGR (5Y) | 31.94% | 20.10% |
Frequently asked
- Which has the lower trailing P/E, AMAT or GOOGL?
- GOOGL has the lower trailing P/E: AMAT trades at 48.58 and GOOGL at 16.40. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, AMAT or GOOGL?
- Over the past five years, GOOGL grew revenue faster — AMAT at a 9.33% CAGR versus GOOGL at 15.15%.
- Does AMAT or GOOGL pay a bigger dividend?
- AMAT yields 0.37% and GOOGL yields 0.26% based on trailing dividends and the latest price.
- Is AMAT or GOOGL more profitable?
- GOOGL runs the higher net margin — AMAT at 29.31% versus GOOGL at 54.76%.
- How have AMAT and GOOGL total returns compared?
- Over the past 10 years, AMAT delivered 35.87% and GOOGL delivered 24.08% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Applied Materials P/E ratioAlphabet P/E ratioApplied Materials dividend yieldAlphabet dividend yieldApplied Materials ROEAlphabet ROEApplied Materials operating marginAlphabet operating marginApplied Materials revenue growthAlphabet revenue growthApplied Materials free cash flowAlphabet free cash flow
Applied Materials & Alphabet appear in these rankings
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Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified July 28, 2026.