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Stocks · Technology · Semiconductors & Related Devices

PHOTRONICS INC

PLAB Clue Score63
United States Fiscal year ends October CIK 0000810136
$29.62 -0.30% Close, 9 Oct 2026
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Price $29.62 +120.88% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue483.5Operating income52.5Net income46.2EPS, diluted0.64Fiscal year 2017Revenue450.7 −6.8%Operating income31.9Net income13.1 −71.6%EPS, diluted0.19 −70.3%Fiscal year 2018Revenue535.3 +18.8%Operating income65.6Net income42.1 +220.3%EPS, diluted0.59 +210.5%Fiscal year 2019Revenue550.7 +2.9%Operating income52.1Net income29.8 −29.2%EPS, diluted0.44 −25.4%Fiscal year 2020Revenue609.7 +10.7%Operating income63.9Net income33.8 +13.5%EPS, diluted0.52 +18.2%Fiscal year 2021Revenue663.8 +8.9%Operating income94.6Net income55.4 +64.0%EPS, diluted0.89 +71.2%Fiscal year 2022Revenue824.5 +24.2%Operating income211.9Net income118.8 +114.2%EPS, diluted1.94 +118.0%Fiscal year 2023Revenue892.1 +8.2%Operating income253.1Net income125.5 +5.6%EPS, diluted2.03 +4.6%Fiscal year 2024Revenue866.9 −2.8%Operating income221.5Net income130.7 +4.1%EPS, diluted2.09 +3.0%Fiscal year 2025Revenue849.3 −2.0%Operating income208.2Net income136.4 +4.4%EPS, diluted2.28 +9.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 483.5 450.7 535.3 550.7 609.7 663.8 824.5 892.1 866.9 849.3
Growth −6.8% +18.8% +2.9% +10.7% +8.9% +24.2% +8.2% −2.8% −2.0%
Operating income 52.5 31.9 65.6 52.1 63.9 94.6 211.9 253.1 221.5 208.2
Net income 46.2 13.1 42.1 29.8 33.8 55.4 118.8 125.5 130.7 136.4
Growth −71.6% +220.3% −29.2% +13.5% +64.0% +114.2% +5.6% +4.1% +4.4%
EPS, diluted 0.64 0.19 0.59 0.44 0.52 0.89 1.94 2.03 2.09 2.28
Growth −70.3% +210.5% −25.4% +18.2% +71.2% +118.0% +4.6% +3.0% +9.1%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin24.6%Operating margin10.9%Net margin9.6%Free cash flow margin14.9%Fiscal year 2017Gross margin20.3%Operating margin7.1%Net margin2.9%Free cash flow margin1.1%Fiscal year 2018Gross margin24.6%Operating margin12.3%Net margin7.9%Free cash flow margin7.1%Fiscal year 2019Gross margin21.9%Operating margin9.5%Net margin5.4%Free cash flow margin−20.0%Fiscal year 2020Gross margin22.1%Operating margin10.5%Net margin5.5%Free cash flow margin11.8%Fiscal year 2021Gross margin25.2%Operating margin14.2%Net margin8.4%Free cash flow margin6.3%Fiscal year 2022Gross margin35.7%Operating margin25.7%Net margin14.4%Free cash flow margin19.8%Fiscal year 2023Gross margin37.7%Operating margin28.4%Net margin14.1%Free cash flow margin19.2%Fiscal year 2024Gross margin36.4%Operating margin25.6%Net margin15.1%Free cash flow margin15.1%Fiscal year 2025Gross margin35.3%Operating margin24.5%Net margin16.1%Free cash flow margin7.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 24.6% 20.3% 24.6% 21.9% 22.1% 25.2% 35.7% 37.7% 36.4% 35.3%
Operating margin 10.9% 7.1% 12.3% 9.5% 10.5% 14.2% 25.7% 28.4% 25.6% 24.5%
Net margin 9.6% 2.9% 7.9% 5.4% 5.5% 8.4% 14.4% 14.1% 15.1% 16.1%
Free cash flow margin 14.9% 1.1% 7.1% −20.0% 11.8% 6.3% 19.8% 19.2% 15.1% 7.0%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow122.1Capital expenditure−50.1Free cash flow72.0Buybacks0.0Fiscal year 2017Operating cash flow96.8Capital expenditure−92.0Free cash flow4.9 −93.2%Buybacks0.0Fiscal year 2018Operating cash flow130.6Capital expenditure−92.6Free cash flow38.0 +680.2%Buybacks−23.1Fiscal year 2019Operating cash flow68.4Capital expenditure−178.4Free cash flow−110.0 −389.6%Buybacks−21.7Fiscal year 2020Operating cash flow143.0Capital expenditure−70.8Free cash flow72.2Buybacks−34.4Fiscal year 2021Operating cash flow150.8Capital expenditure−109.1Free cash flow41.7 −42.3%Buybacks−48.2Fiscal year 2022Operating cash flow275.2Capital expenditure−112.3Free cash flow162.8 +290.8%Buybacks−2.5Fiscal year 2023Operating cash flow302.2Capital expenditure−131.3Free cash flow170.9 +4.9%Buybacks0.0Fiscal year 2024Operating cash flow261.4Capital expenditure−130.9Free cash flow130.5 −23.6%Buybacks0.0Fiscal year 2025Operating cash flow247.8Capital expenditure−188.1Free cash flow59.7 −54.3%Buybacks−97.4
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 122.1 96.8 130.6 68.4 143.0 150.8 275.2 302.2 261.4 247.8
Capital expenditure −50.1 −92.0 −92.6 −178.4 −70.8 −109.1 −112.3 −131.3 −130.9 −188.1
Free cash flow 72.0 4.9 38.0 −110.0 72.2 41.7 162.8 170.9 130.5 59.7
Growth −93.2% +680.2% −389.6% −42.3% +290.8% +4.9% −23.6% −54.3%
Buybacks 0.0 0.0 −23.1 −21.7 −34.4 −48.2 −2.5 0.0 0.0 −97.4

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash314.1Shareholders’ equity710.4Fiscal year 2017Cash308.0Shareholders’ equity744.6Fiscal year 2018Cash329.3Total debt57.5Net cash (debt)271.8Shareholders’ equity759.7Debt to equity0.08Fiscal year 2019Cash206.5Total debt44.0Net cash (debt)162.5Shareholders’ equity769.9Debt to equity0.06Fiscal year 2020Cash278.7Total debt64.0Net cash (debt)214.7Shareholders’ equity805.0Debt to equity0.08Fiscal year 2021Cash276.7Total debt111.7Net cash (debt)165.0Shareholders’ equity823.7Debt to equity0.14Fiscal year 2022Cash319.7Total debt42.3Net cash (debt)277.3Shareholders’ equity831.5Debt to equity0.05Fiscal year 2023Cash499.3Shareholders’ equity975.0Fiscal year 2024Cash598.5Shareholders’ equity1,120.9Fiscal year 2025Cash492.3Shareholders’ equity1,173.6
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 314.1 308.0 329.3 206.5 278.7 276.7 319.7 499.3 598.5 492.3
Total debt n/a n/a 57.5 44.0 64.0 111.7 42.3 n/a n/a n/a
Net cash (debt) n/a n/a 271.8 162.5 214.7 165.0 277.3 n/a n/a n/a
Shareholders’ equity 710.4 744.6 759.7 769.9 805.0 823.7 831.5 975.0 1,120.9 1,173.6
Debt to equity n/a n/a 0.08 0.06 0.08 0.14 0.05 n/a n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending October, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 30 Oct 2016 FY2017 29 Oct 2017 FY2018 31 Oct 2018 FY2019 31 Oct 2019 FY2020 31 Oct 2020 FY2021 31 Oct 2021 FY2022 31 Oct 2022 FY2023 31 Oct 2023 FY2024 31 Oct 2024 FY2025 31 Oct 2025
Revenue and profit
483.5 450.7 535.3 550.7 609.7 663.8 824.5 892.1 866.9 849.3
Growth −6.8% +18.8% +2.9% +10.7% +8.9% +24.2% +8.2% −2.8% −2.0%
364.8 359.4 403.8 429.8 475.0 496.7 530.3 555.9 551.0 549.5
118.7 91.3 131.5 120.8 134.7 167.0 294.2 336.2 315.9 299.8
Growth −23.1% +44.0% −8.1% +11.4% +24.1% +76.1% +14.3% −6.0% −5.1%
21.7 15.9 14.5 16.4 17.1 18.5 18.3 13.7 16.6 15.8
44.6 43.6 51.4 52.3 53.6 57.5 64.0 69.5 77.8 75.6
52.5 31.9 65.6 52.1 63.9 94.6 211.9 253.1 221.5 208.2
Growth −39.3% +105.9% −20.6% +22.7% +47.9% +124.1% +19.4% −12.5% −6.0%
60.5 26.6 68.6 50.7 61.6 102.0 239.0 269.9 247.4 221.8
4.8 5.3 7.3 10.2 21.3 23.2 59.8 70.3 63.6 31.6
46.2 13.1 42.1 29.8 33.8 55.4 118.8 125.5 130.7 136.4
Growth −71.6% +220.3% −29.2% +13.5% +64.0% +114.2% +5.6% +4.1% +4.4%
Per share
0.68 0.19 0.61 0.45 0.52 0.90 1.96 2.05 2.12 2.29
0.64 0.19 0.59 0.44 0.52 0.89 1.94 2.03 2.09 2.28
Growth −70.3% +210.5% −25.4% +18.2% +71.2% +118.0% +4.6% +3.0% +9.1%
67.5 68.4 68.8 66.3 64.9 61.4 60.6 61.1 61.7 59.6
76.4 69.3 74.8 69.2 65.5 62.0 61.2 61.8 62.4 59.9
Growth −9.3% +8.0% −7.6% −5.3% −5.3% −1.3% +0.9% +1.0% −4.0%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 6.9% a year over five years, and earnings per share grew 34.4% a year.
  • The diluted share count fell 8.5% in five years, so buybacks did some of the work per share.
  • Operating margin is up 14.0 points on five years ago, at 24.5%.
  • Profitable in every one of the 10 years on file.