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PLAB · Nasdaq · United States · Semiconductors & Related Devices
In shortPHOTRONICS INC is profitable, generates cash and holds more cash than debt, with revenue shrinking (−2.0% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 24.5% | 98/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 16.1% | 84/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 11.9% | 59/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 15.2% | 100/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 5.37× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.00× | 100/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | – | n/a |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 10.75 | 100/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 7.0% | 48/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.44× | 17/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 2 of 5 | 33/100 |
| Revenue growth volatility | 10.9% | 71/100 |
| Operating margin volatility | 5.5% | 59/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 1.0% | 22/100 |
|---|---|---|
| EPS growth, 3-year average | 5.5% | 53/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 664 | 825 | 892 | 867 | 849 |
| Cost of revenue | 497 | 530 | 556 | 551 | 549 |
| Gross profit | 167 | 294 | 336 | 316 | 300 |
| Research & development | 18 | 18 | 14 | 17 | 16 |
| Selling, general & admin | 58 | 64 | 69 | 78 | 76 |
| Operating income | 95 | 212 | 253 | 222 | 208 |
| Pre-tax income | 102 | 239 | 270 | 247 | 222 |
| Income tax | 23 | 60 | 70 | 64 | 32 |
| Net income | 55 | 119 | 125 | 131 | 136 |
| Diluted EPS | $0.89 | $1.94 | $2.03 | $2.09 | $2.28 |
| Diluted shares (millions) | 62 | 61 | 62 | 62 | 60 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 8 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.
The last 8 quarters of PHOTRONICS INC are included in the Investor plan. Try free for 7 days →
10.75 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Aug 2, 2026 · Data updated Sep 10, 2026