PHOTRONICS INC PLAB

Technology SIC 3674 - Semiconductors & Related Devices NAICS Manufacturing › Computer and Electronic Product Manufacturing › Semiconductor and Other Electronic Component Manufacturing › Semiconductor and Related Device Manufacturing derived Nasdaq

Specific industry and technical terms used in this section are defined in the subsection entitled "Glossary of Terms and Acronyms," found below the Table of Contents.

Photronics, Inc. (and its subsidiaries, collectively referred to herein as "Photronics", the "Company", "we", "our", or "us") is one of the world's leading manufacturers of photomasks, which are high precision

photographic quartz or glass plates containing microscopic images of electronic circuits. Photomasks are a key element in the manufacture of ICs and FPDs and are used as masters to transfer circuit patterns onto semiconductor wafers and FPD

substrates during the fabrication of ICs, a variety of FPDs and, to a lesser extent, other types of electrical and optical components. We have eleven manufacturing facilities, which are located in Taiwan (3), China (2), South Korea (1), the United

Last close 28.15 2026-10-23
Market cap $1.66B 2026-05-03 share count
52-week range 20.05 - 56.00

Valuation FY2025 figures against the last close

P/S2.0x
P/E12.3x
P/FCF27.8x
EV/EBITDA5.8x
Dividend yield—
Diluted EPS2.28

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $849.3M$866.9M$892.1M$824.5M$663.8M$609.7M$550.7M$535.3M$450.7M$483.5M
Cost of revenue $549.5M$551.0M$555.9M$530.3M$496.7M$475.0M$429.8M$403.8M$359.4M$364.8M
Gross profit $299.8M$315.9M$336.2M$294.2M$167.0M$134.7M$120.8M$131.5M$91.3M$118.7M
R&D $15.8M$16.6M$13.7M$18.3M$18.5M$17.1M$16.4M$14.5M$15.9M$21.7M
SG&A $75.6M$77.8M$69.5M$64.0M$57.5M$53.6M$52.3M$51.4M$43.6M$44.6M
Total operating expenses $91.4M$94.3M$83.1M$82.3M$76.0M$70.7M$68.7M$65.9M$59.4M$66.2M
Operating income $208.2M$221.5M$253.1M$211.9M$94.6M$63.9M$52.1M$65.6M$31.9M$52.5M
Pre-tax income $221.8M$247.4M$269.9M$239.0M$102.0M$61.6M$50.7M$68.6M$26.6M$60.5M
Income tax $31.6M$63.6M$70.3M$59.8M$23.2M$21.3M$10.2M$7.3M$5.3M$4.8M
Net income $136.4M$130.7M$125.5M$118.8M$55.4M$33.8M$29.8M$42.1M$13.1M$46.2M
EPS, basic 2.292.122.051.960.900.520.450.610.190.68
EPS, diluted 2.282.092.031.940.890.520.440.590.190.64
Shares, diluted (wtd. avg.) 59.9M62.4M61.8M61.2M62.0M65.5M69.2M74.8M69.3M76.4M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $492.3M$598.5M$499.3M$322.4M$279.7M$281.6M$209.3M$332.0M$310.9M$316.8M
Short-term investments $95.9M$42.2M$12.9M$38.8M$0—————
Receivables $195.9M$200.8M$194.9M$198.1M$174.4M$134.5M$134.5M$120.5M$105.3M$92.6M
Inventory $61.8M$56.5M$50.0M$50.8M$55.2M$57.3M$48.2M$29.2M$23.7M$22.1M
Total current assets $890.1M$931.1M$785.5M$644.7M$550.6M$500.1M$427.5M$502.7M$449.1M$441.6M
Property, plant and equipment $854.4M$745.3M$709.2M$643.9M$696.6M$631.5M$632.4M$571.8M$535.2M$506.4M
Other intangibles ————$774.0K$3.4M$7.9M$12.4M$17.1M$19.9M
Total assets $1.80B$1.71B$1.53B$1.32B$1.29B$1.19B$1.12B$1.11B$1.02B$988.0M
Accounts payable $84.2M$78.7M$84.0M$79.6M$81.5M$75.4M$91.4M$89.1M$50.8M$48.9M
Short-term debt ———$10.0M$22.2M$9.0M$2.1M$57.5M——
Total current liabilities $165.9M$183.8M$185.2M$193.8M$176.1M$142.9M$152.0M$191.1M$81.8M$81.3M
Long-term debt ———$32.3M$89.4M$55.0M$41.9M$0——
Total liabilities $207.2M$231.3M$250.6M$253.7M$293.6M$225.9M$207.6M$205.4M$155.5M$162.5M
Retained earnings $772.2M$691.8M$561.1M$435.6M$317.8M$279.0M$253.9M$231.4M$189.4M$176.3M
Total equity $1.17B$1.12B$1.28B$1.06B$1.00B$962.3M$911.1M$904.6M$865.3M$825.5M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $247.8M$261.4M$302.2M$275.2M$150.8M$143.0M$68.4M$130.6M$96.8M$122.1M
Depreciation and amortisation $77.3M$82.4M$80.5M$80.0M$87.5M$89.2M$79.2M$79.5M$81.7M$77.6M
Stock-based compensation $13.4M$13.9M$8.0M$6.3M$5.3M$4.9M$3.7M$3.2M$3.6M$3.8M
Capital expenditure $188.1M$130.9M$131.3M$112.3M$109.1M$70.8M$178.4M$92.6M$92.0M$50.1M
Investing cash flow -$238.9M-$156.5M-$101.5M-$147.8M-$103.5M-$65.7M-$151.4M-$90.9M-$98.0M$52.3M
Financing cash flow -$115.3M-$7.7M-$18.5M-$38.7M-$53.9M-$16.0M-$42.1M-$13.8M-$10.9M-$67.0M
Buybacks $97.4M$0$0$2.5M$48.2M$34.4M$21.7M$23.1M$0$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-25-045801.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 250M 500M 750M 1B Revenue, FY2016: 483.5M Gross profit, FY2016: 118.7M Net income, FY2016: 46.2M Revenue, FY2017: 450.7M Gross profit, FY2017: 91.3M Net income, FY2017: 13.1M Revenue, FY2018: 535.3M Gross profit, FY2018: 131.5M Net income, FY2018: 42.1M Revenue, FY2019: 550.7M Gross profit, FY2019: 120.8M Net income, FY2019: 29.8M Revenue, FY2020: 609.7M Gross profit, FY2020: 134.7M Net income, FY2020: 33.8M Revenue, FY2021: 663.8M Gross profit, FY2021: 167M Net income, FY2021: 55.4M Revenue, FY2022: 824.5M Gross profit, FY2022: 294.2M Net income, FY2022: 118.8M Revenue, FY2023: 892.1M Gross profit, FY2023: 336.2M Net income, FY2023: 125.5M Revenue, FY2024: 866.9M Gross profit, FY2024: 315.9M Net income, FY2024: 130.7M Revenue, FY2025: 849.3M Gross profit, FY2025: 299.8M Net income, FY2025: 136.4M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $483.5M $450.7M $535.3M $550.7M $609.7M $663.8M $824.5M $892.1M $866.9M $849.3M
Gross profit $118.7M $91.3M $131.5M $120.8M $134.7M $167.0M $294.2M $336.2M $315.9M $299.8M
Net income $46.2M $13.1M $42.1M $29.8M $33.8M $55.4M $118.8M $125.5M $130.7M $136.4M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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