HIGHBuilt-inGeographic
81%
international revenues
“10-K Item 1: 'For 2025, 2024, and 2023, international net revenues accounted for approximately 81%, 78%, and 75%, respectively, of our total net revenues.'”
MKSI · Concentration risk · 10-K extracted
MKS (MKSI) concentration risks
Updated
The most significant concentration MKS discloses is international revenues at 81%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: MKS’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH2
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHOutside partySupplier
sole or limited source suppliers
“10-K Item 1: 'we have sole or limited source supply arrangements for certain materials, parts and components, such as certain metals and electronic components.'”
MEDIUMOutside partyCustomer
35%
top ten customers
“10-K Item 1: 'Our top ten customers accounted for 35%, 32% and 30% of net revenues for 2025, 2024 and 2023, respectively.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's disclosed concentration profile combines a high-share geographic exposure, a high-share supply-side dependency, and a moderate customer exposure. International net revenues accounted for approximately 81% of total net revenues in 2025 — a high share by disclosed size with structural character, reflecting where the company's end markets are located globally rather than dependence on any single country or buyer. This makes broad international macro and foreign exchange dynamics the dominant structural backdrop for the business. Compounding the geographic tilt is a supply-side vulnerability: the company has sole or limited source supply arrangements for certain materials, parts, and components, including certain metals and electronic components. This is a high-share dependency by disclosed size, meaning a disruption to one of these sole-source relationships could affect production without easy near-term substitution. On the customer side, the top ten customers accounted for 35% of net revenues in 2025 — a moderate share by disclosed size and a dependency character, indicating that while no single buyer dominates, the customer base is not widely diversified either. Together, these three exposures paint a picture of a company whose revenue is broadly international and structurally dependent on that footprint, while facing meaningful supply-chain pinch points on the component side. The sole-source supply risk is the idiosyncratic variable most likely to affect near-term operational continuity.
For the engine’s reasoning on MKSI’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Scientific & Technical Instruments
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| MKSI● | MKS Inc. | 2 | 1 | 0 | 3 |
| BMI | Badger Meter, Inc. | 2 | 0 | 0 | 2 |
| ESE | ESCO Technologies Inc. | 1 | 1 | 2 | 4 |
| COHR | Coherent Corp. | 1 | 1 | 0 | 2 |
| FTV | Fortive Corporation | 1 | 0 | 0 | 1 |
| CGNX | Cognex Corporation | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.