ASML: growth far beyond its economy.

1. It outgrew its own economy many times over. Revenue rose from €6.9 billion in 2016 to €32.7 billion in 2025: 4.8 times as much. Netherlands's economy, counted the same way in money terms, grew about 58%. Whatever drove it, the economy around it does not account for growth of that size.
2. Ahead of almost everyone like it. From 2016 to 2025, its revenue grew 385% in US dollars; the median among 181 large manufacturers grew 49%. It outgrew 96% of them.
3. Three decisions on record. Stratrix has verified three of ASML's big decisions, each with what happened next.
4. Profitable every year. ASML made money in each of its last ten fiscal years, from €1.6 billion (2016) to €9.6 billion (2025).

Financial results

As reported in its annual filings, in EUR. Losses in red.

Stratrix Decision Cases

• 2023ASML Was Told to Close the Door to China. So China Walked Through It While It Was Still Open.Stood
• 2012ASML's Supplier 'Orchestration' Came With Receipts: A €1.95bn Buyout and a €1bn StakeStood · shares +104 pts vs the S&P 500 over 3 years
• 2012ASML Won the Lithography War by Making Its Rivals Co-Own the Only Road ForwardStood