Photronics Inc. | Small-cap | Technology
$21.82
-9.05%
| Photronics Stock Comparison:
Photronics vs Lam ResearchPhotronics vs Applied MaterialsPhotronics vs Veeco InstrumentsPhotronics vs Ultra CleanPhotronics vs Indie SemiconductorPhotronics vs S&P 500 | Market
TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Apr 2025

Income Metrics

Revenue 211.0M
Gross Profit 77.9M 36.92%
Operating Income 55.7M 26.41%
Net Income 24.2M 11.48%
EPS (Diluted) $0.15

Balance Sheet Metrics

Total Assets 1.7B
Total Liabilities 206.3M
Shareholders Equity 1.5B
Debt to Equity 0.14

Cash Flow Metrics

Operating Cash Flow 31.5M
Free Cash Flow -29.1M

Revenue & Profitability Trend

Photronics Income Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Revenue i 866.9M 892.1M 824.5M 663.8M 609.7M
Cost of Goods Sold i 551.0M 555.9M 530.3M 496.7M 475.0M
Gross Profit i 315.9M 336.2M 294.2M 167.0M 134.7M
Gross Margin % i 36.4% 37.7% 35.7% 25.2% 22.1%
Operating Expenses
Research & Development i 16.6M 13.7M 18.3M 18.5M 17.1M
Selling, General & Administrative i 77.8M 69.5M 64.0M 57.5M 53.6M
Other Operating Expenses i 92.0K - 17.0K -3.5M -
Total Operating Expenses i 94.4M 83.1M 82.3M 72.5M 70.7M
Operating Income i 221.5M 253.0M 211.9M 94.6M 63.9M
Operating Margin % i 25.6% 28.4% 25.7% 14.2% 10.5%
Non-Operating Items
Interest Income i 24.1M 14.9M 1.7M 1.2M 541.0K
Interest Expense i 334.0K 433.0K 1.9M 1.7M 2.4M
Other Non-Operating Income 2.2M 2.5M 27.3M 8.0M -501.0K
Pre-tax Income i 247.4M 269.9M 239.0M 102.0M 61.6M
Income Tax i 63.6M 70.3M 59.8M 23.2M 21.3M
Effective Tax Rate % i 25.7% 26.0% 25.0% 22.7% 34.5%
Net Income i 183.8M 199.6M 179.2M 78.8M 40.3M
Net Margin % i 21.2% 22.4% 21.7% 11.9% 6.6%
Key Metrics
EBITDA i 328.4M 348.7M 293.9M 186.1M 158.3M
EPS (Basic) i $2.12 $2.05 $1.96 $0.90 $0.52
EPS (Diluted) i $2.09 $2.03 $1.94 $0.89 $0.52
Basic Shares Outstanding i 61726000 61139000 60559000 61407000 64866000
Diluted Shares Outstanding i 61726000 61139000 60559000 61407000 64866000

Income Statement Trend

Photronics Balance Sheet From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Assets
Current Assets
Cash & Equivalents i 598.5M 499.3M 319.7M 276.7M 278.7M
Short-term Investments i 42.2M 12.9M 38.8M 0 -
Accounts Receivable i 200.8M 194.9M 198.1M 174.4M 134.5M
Inventory i 56.5M 50.0M 50.8M 55.2M 57.3M
Other Current Assets 6.2M 2.5M 814.0K 629.0K 608.0K
Total Current Assets i 931.1M 785.4M 644.7M 550.6M 500.1M
Non-Current Assets
Property, Plant & Equipment i 0 0 0 0 0
Goodwill i - - - 774.0K 3.4M
Intangible Assets i - - - 774.0K 3.4M
Long-term Investments - - - - -
Other Non-Current Assets 35.7M 31.5M 27.3M 47.0M 53.1M
Total Non-Current Assets i 781.0M 740.8M 671.2M 743.6M 688.0M
Total Assets i 1.7B 1.5B 1.3B 1.3B 1.2B
Liabilities
Current Liabilities
Accounts Payable i 78.7M 84.0M 79.6M 81.5M 75.4M
Short-term Debt i 19.9M 8.5M 11.4M 24.5M 15.9M
Current Portion of Long-term Debt - - - - -
Other Current Liabilities - - - - -
Total Current Liabilities i 183.8M 185.2M 193.8M 176.1M 142.9M
Non-Current Liabilities
Long-term Debt i 3.1M 22.2M 32.3M 89.4M 55.0M
Deferred Tax Liabilities i - - - - -
Other Non-Current Liabilities 18.2M 12.1M 27.6M 28.0M 28.0M
Total Non-Current Liabilities i 47.5M 65.4M 59.9M 117.5M 83.0M
Total Liabilities i 231.3M 250.6M 253.7M 293.6M 225.9M
Equity
Common Stock i 619.0K 613.0K 608.0K 600.0K 631.0K
Retained Earnings i 691.8M 561.1M 435.6M 317.8M 279.0M
Treasury Stock i - - - - -
Other Equity - - - - -
Total Shareholders Equity i 1.5B 1.3B 1.1B 1.0B 962.3M
Key Metrics
Total Debt i 23.0M 30.7M 43.7M 114.0M 70.8M
Working Capital i 747.3M 600.2M 450.9M 374.5M 357.2M

Balance Sheet Composition

Photronics Cash Flow Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Operating Activities
Net Income i 183.8M 199.6M 179.2M 78.8M 40.3M
Depreciation & Amortization i 82.8M 80.8M 80.3M 90.4M 93.8M
Stock-Based Compensation i 13.9M 8.0M 6.3M 5.3M 4.9M
Working Capital Changes i -17.7M 14.6M 8.5M -21.7M 4.4M
Operating Cash Flow i 261.4M 302.2M 275.2M 150.8M 143.0M
Investing Activities
Capital Expenditures i -130.9M -131.3M -112.3M -109.1M -70.8M
Acquisitions i - - - - -
Investment Purchases i -100.6M -20.2M -38.9M 0 0
Investment Sales i 72.8M 47.5M 0 0 -
Investing Cash Flow i -156.4M -101.4M -147.6M -103.3M -65.6M
Financing Activities
Share Repurchases i 0 0 -2.5M -48.2M -34.4M
Dividends Paid i - - - - -
Debt Issuance i - 0 0 20.9M 20.3M
Debt Repayment i -6.6M -18.4M -65.4M -20.4M -7.4M
Financing Cash Flow i -6.6M -18.4M -43.0M -57.3M -16.0M
Free Cash Flow i 130.4M 170.8M 162.6M 41.5M 72.1M
Net Change in Cash i 98.4M 182.3M 84.7M -9.9M 61.5M

Cash Flow Trend

Photronics Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 13.15
Forward P/E 10.58
Price to Book 1.19
Price to Sales 1.73
PEG Ratio -0.46

Profitability Ratios

Profit Margin 12.67%
Operating Margin 22.89%
Return on Equity 10.29%
Return on Assets 7.80%

Financial Health

Current Ratio 4.99
Debt to Equity 0.00
Beta 1.54

Per Share Data

EPS (TTM) $1.77
Book Value per Share $19.55
Revenue per Share $14.11

Peer Financial Comparison

Company Market Cap P/E Ratio P/B Ratio ROE Profit Margin Debt/Equity
plab 1.5B 13.15 1.19 10.29% 12.67% 0.00
Lam Research 191.0B 33.82 18.06 58.24% 29.07% 48.23
Applied Materials 168.5B 25.25 8.64 35.63% 23.88% 34.67
Veeco Instruments 1.9B 29.02 2.08 7.71% 8.65% 30.69
Ultra Clean 1.4B 39.89 1.73 -16.76% -7.15% 82.10
Indie Semiconductor 901.4M -5.97 2.23 -36.56% -71.59% 88.91

Financial data is updated regularly. All figures are in the company's reporting currency.