Photronics, Inc. logo PLAB - Photronics, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 7
HOLD 2
SELL 2
STRONG
SELL
0
| PRICE TARGET: $49.33 DETAILS
HIGH: $55.00
LOW: $45.00
MEDIAN: $48.00
CONSENSUS: $49.33
DOWNSIDE: 4.14%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Revenue
Revenue 849.3 866.9 892.1 824.5 663.8 609.7 550.7 535.3 450.7 483.5 524.2 455.5 422.2 450.4 512.0 425.6 361.4 422.5 421.5 454.9 440.8 395.5 348.9 386.9 378.0 331.2 223.7 222.6 197.5 160.1 125.3 80.7 48.4
Cost of Revenue 549.5 551 555.9 530.3 496.7 475.0 429.8 403.8 359.4 364.8 381.1 355.2 322.5 338.5 375.8 333.7 304.3 349.8 322.0 307.9 295.6 260.2 250.7 276.5 254.3 163.8 115.6 107.6 100.6 85.1 67 43.2 26.4
Gross Profit 299.8 315.9 336.2 294.2 167.0 134.7 120.8 131.5 91.3 118.7 143.1 100.3 99.6 111.9 136.2 91.8 57.1 72.7 99.5 147.0 145.1 135.3 98.2 110.4 123.7 167.4 108.1 115 96.9 75 58.3 37.5 22
Operating Expenses
R&D Expenses 15.8 16.6 13.7 18.3 18.5 17.1 16.4 14.5 15.9 21.7 21.9 21.9 20.8 19.4 15.5 14.9 15.4 17.5 17.3 27.3 32.2 30.5 30.0 30.2 24.9 20.7 15.5 12.9 10.6 8.5 7.9 4.7 0
SG&A Expenses 75.6 77.8 69.5 64.0 57.5 53.6 52.3 51.4 43.6 44.6 49.0 49.6 48.2 46.7 45.2 42.4 41.2 55.2 61.5 62.2 54.3 53.5 56.2 58.0 53.8 46.1 31.1 28.8 24.9 21.1 17.1 10.5 9.3
Other Expenses 0 0.1 0 0.0 (3.5) 0 0 0 0 0 0 0 0 0 0 0 0 205.4 0 15.6 0 0 0 0 0 56.9 40.7 34 20.9 13.2 9.7 8 5.6
Operating Expenses 91.4 94.4 83.1 82.3 72.5 70.7 68.7 65.9 59.4 66.2 70.9 71.6 69.0 66.1 60.7 52.3 54.6 278.1 78.8 105.2 86.4 84.0 86.1 88.1 78.6 123.7 87.3 75.7 56.4 42.8 34.7 23.2 14.9
Operating Income
Operating Income 208.2 221.5 253.1 211.9 94.6 63.9 52.1 65.6 31.9 52.5 72.2 28.8 30.7 44.4 75.5 39.5 (12.5) (205.9) 23.0 41.8 58.7 51.3 (29.9) 7.8 7.0 43.8 20.8 39.3 40.5 32.2 23.6 14.3 7.1
Interest Expense 0.1 0.3 0.4 1.9 1.7 2.4 1.4 2.3 5.3 3.4 5.0 7.2 7.8 7.5 7.3 9.5 22.4 11.9 0 0 0 14.7 0 0 0 0 0 0 0 0 0 0 0
Interest Income 22.0 24.1 14.9 1.7 1.2 0.5 1.3 4.8 0 2.4 2.8 3.4 3.9 3.7 2.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 299.4 330.6 351.2 321.2 194.1 157.8 136.0 155.2 118.4 146.7 154.6 127.2 106.1 131.8 136.6 132.3 78.0 (104.4) 127.8 132.7 58.7 51.3 99.4 105.5 118.1 100.6 75 87 61.4 45.4 33.3 22.3 12.7
EBIT 221.8 247.7 270.4 240.9 103.7 64.0 52.1 70.8 31.9 63.8 75.0 48.6 34.6 48.1 43.2 42.0 (14.7) (200.3) 20.7 41.8 66.2 55.8 12.1 22.3 45.1 43.8 27.2 48.8 40.5 32.2 23.6 14.3 7.1
Income Before Tax 221.8 247.4 269.9 239.0 102.0 61.6 50.7 68.6 26.6 60.5 70.0 41.3 26.8 40.6 35.9 32.6 (37.1) (212.2) 23.9 45.4 55.3 41.0 (41.7) (5.5) (2.3) 14.9 17 33.1 41.4 33.9 29.8 15.3 7.4
Income Tax Expense 31.6 63.6 70.3 59.8 23.2 21.3 10.2 7.3 5.3 4.8 13.2 9.3 7.2 10.8 15.7 7.5 4.3 (2.8) (3.2) 10.5 10.1 5.8 0.9 (7.0) (3) 4.7 6.3 12.6 15.8 12.9 11.2 5.2 2.5
Net Income 136.4 130.7 125.5 118.8 55.4 33.8 40.5 42.1 13.1 46.2 44.6 26.0 18.0 27.9 16.2 23.9 (41.9) (210.8) 24.5 29.3 38.7 24.5 (48.2) (4.9) (4.0) 10.2 10.7 20.5 25.6 21 18.6 10.3 4.9
Per Share Data
EPS (Basic) 2.29 2.12 2.05 1.96 0.90 0.52 0.61 0.59 0.19 0.68 0.67 0.42 0.30 0.46 0.28 0.45 -0.97 -5.06 0.59 0.71 1.09 0.75 -1.50 -0.16 -0.13 0.35 0.52 0.95 1.07 0.87 0.83 0.55 0.30
EPS (Diluted) 2.28 2.09 2.03 1.94 0.89 0.52 0.59 0.56 0.19 0.64 0.63 0.41 0.29 0.44 0.28 0.43 -0.97 -5.06 0.56 0.66 0.95 0.68 -1.50 -0.16 -0.13 0.34 0.51 0.92 1.03 0.87 0.83 0.53 0.30
Shares Outstanding 59.6 61.7 61.1 60.6 61.4 64.9 66.3 71.4 68.4 67.5 66.3 61.8 60.6 60.1 57.0 53.4 43.2 41.7 41.5 41.4 35.5 32.6 32.1 31.3 29.9 28.8 27.8 28.1 23.9 24.2 22.4 18.7 16.3
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Current Assets
Cash & Cash Equivalents 492.3 598.5 499.3 319.7 276.7 278.7 206.5 329.3 308.0 314.1 88.5 83.8 142.3 214.8 113.9 34.7 38.2 16.3 23.8 57.8 18.8 35.6 25.1 8.2
Short-Term Investments 95.9 42.2 12.9 38.8 0 0 0 0 0 0 0 1.3 84.6 17.0 15.1 0 0 0 0 0 0 0 0 0
Net Receivables 211.7 215.0 208.2 216.6 208.5 157.3 142.1 120.5 105.3 92.6 66.9 68.1 68.7 59.6 62.5 70.7 64.0 41.3 31.5 34.6 24.8 17.9 10.2 9.8
Inventory 61.8 56.5 50.0 50.8 55.2 57.3 48.2 29.2 23.7 22.1 14.8 17.5 16.1 14.3 19.9 21.5 18.5 13.9 14.1 11.3 8 6.4 2.5 2.9
Other Current Assets 15.5 18.8 2.5 9.1 8.6 6.8 5.2 23.8 12.1 12.8 9.7 11.7 34.0 34.2 37.5 24.5 17.9 14.7 18 35.2 14 19.6 4.7 4.7
Total Current Assets 890.1 931.1 785.5 644.7 550.6 500.1 438.8 502.7 449.1 441.6 180.0 182.5 345.7 339.9 249.1 151.4 138.6 86.2 87.4 138.9 65.6 79.5 42.5 25.6
Non-Current Assets
Property, Plant & Equipment 854.4 745.3 715.4 643.9 696.6 631.5 621.2 571.8 535.2 506.4 347.9 436.5 396.5 388.0 443.9 402.8 395.3 282.2 253.8 203.8 123.7 72.1 36.9 40.2
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 0 0 0 0 0.8 3.4 7.9 12.4 17.1 19.9 55.1 62.4 115.9 118.9 121.2 93.2 59.3 28.4 20.1 8.2 9.3 10.3 5.5 5.8
Long-Term Investments 0 0 0 0 (24.4) 2.9 (20.8) (18.1) (15.5) (16.3) 60.9 (2.8) 0 (27.5) (21.3) 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 19.8 12.7 1.5 7.5 46.3 28.2 50.8 23.1 19.4 20.4 16.5 76.6 14.8 18.8 18.3 13.3 16.4 13.6 10.2 14.3 13.3 12.3 13.4 2.8
Total Non-Current Assets 914.5 781.0 740.8 671.2 743.6 688.0 679.9 607.3 571.7 546.7 483.7 575.5 527.1 525.7 583.4 522.1 471.0 324.2 284.1 226.3 146.3 94.7 55.8 48.8
Total Assets 1,804.5 1,712.1 1,526.2 1,315.8 1,294.2 1,188.2 1,118.7 1,110.0 1,020.8 988.3 663.7 758.0 872.9 865.5 832.4 673.5 609.6 410.4 371.5 365.2 211.9 174.2 98.3 74.4
Current Liabilities
Account Payables 84.2 78.7 84.0 79.6 81.5 58.5 70.4 55.5 42.5 48.9 59.2 69.8 57.7 44.0 57.4 37.1 37.9 51.7 31.4 34.2 34.2 17.9 5.1 5.5
Short-Term Debt 0.0 18.0 6.6 3.5 15.0 13.7 10.9 57.5 4.6 5.4 10.3 20.6 3.0 5.5 10.6 33.9 0.8 0.3 2.1 0.3 0 0 0.5 0.6
Deferred Revenue 9.5 12.4 10.0 18.9 14.7 8.0 11.5 7.8 5.7 26.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 26.3 (3.4) 14.8 13.3 3.3 30.8 28.1 40.9 9.0 0.0 16.2 19.7 22.1 0 0 0 12.8 5.0 17 23 9.8 11.9 4.5 1.9
Total Current Liabilities 165.9 183.8 185.2 193.8 176.1 142.9 152.0 191.1 81.8 81.3 90.5 116.1 90.7 81.4 107.0 102.7 51.6 57 50.5 57.5 44 29.8 10.1 8
Non-Current Liabilities
Long-Term Debt 4.0 0.0 4.2 7.7 58.4 55.0 41.9 0 57.3 57.2 112.1 203.0 315.9 368.3 296.8 188.0 202.8 116.7 104.3 106.2 2 1.8 0.5 1.1
Deferred Tax Liabilities 11.4 14.7 8.9 5.6 3.8 2 1.9 0.6 2.0 1.5 1.5 1.8 43.9 42.4 33.3 38.2 30.9 19.9 11.2 10.5 7.5 8.3 7.1 2.6
Other Non-Current Liabilities 17.0 17.8 17.6 15.1 24.8 23.0 13.7 13.7 14.3 17.8 9.9 4.7 8.2 12.3 11.2 12.5 3.2 9.1 5.1 5 2 0.3 0.2 0.1
Total Non-Current Liabilities 41.4 47.5 65.4 59.9 117.5 83.0 55.6 14.4 73.7 81.5 123.5 209.5 368.0 423.0 341.3 238.7 236.9 145.7 120.6 121.7 11.5 10.4 7.8 3.8
Total Liabilities 207.2 231.3 250.6 253.7 293.6 225.9 207.6 205.4 155.5 162.8 214.0 325.6 458.7 504.4 448.4 341.4 288.5 202.7 171.1 179.2 55.5 40.2 17.9 11.8
Stockholders' Equity
Common Stock 0.6 0.6 0.6 0.6 0.6 0.6 0.7 0.7 0.7 0.7 0.5 0.4 0.3 0.3 0.3 0.3 0.3 0.2 0 0 0 0 0 0
Retained Earnings 772.2 691.8 561.1 435.6 317.8 279.0 253.9 231.4 189.4 176.3 (26.5) 15.4 134.7 110.2 158.4 163.2 167.2 130.8 120.1 99.6 74 53 34.3 24
Accumulated Other Comprehensive Income (86.1) (86.3) (88.7) (98.5) 20.6 18.0 (9.0) (5.0) 6.9 (7.7) (6.4) (17.5) 12.2 (1.7) (15.2) (22.7) (10.0) (3.6) 0 0 0 0 0 0
Total Stockholders' Equity 1,173.6 1,120.9 975.0 831.5 823.7 805.0 769.9 759.7 744.6 710.4 399.8 382.8 349.5 308.3 339.1 287.2 294.0 207.7 200.4 186 156.4 134 80.4 62.6
Total Liabilities & Equity 1,804.5 1,712.1 1,526.2 1,315.8 1,294.2 1,188.2 1,118.7 1,110.0 1,020.8 988.3 663.7 758.0 872.9 865.5 832.4 673.5 609.6 410.4 371.5 365.2 211.9 174.2 98.3 74.4
Debt Metrics
Total Debt 6.0 23.0 26.5 45.6 117.2 70.8 52.8 57.5 62.0 67.6 122.4 223.6 318.9 373.8 307.4 221.9 203.6 117 106.4 106.5 2 1.8 1 1.7
Net Debt (486.3) (575.5) (472.8) (277.3) (165.0) (207.8) (153.8) (271.8) (246.0) (246.5) 33.9 139.8 176.6 159.0 193.5 187.3 165.5 100.7 82.6 48.7 (16.8) (33.8) (24.1) (6.5)
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Operating Activities
Net Income 136.4 183.8 199.6 179.2 78.8 40.3 40.5 61.2 21.3 55.7 38.7 24.5 3.1 (4.9) (4.0) 10.2 10.7 20.5 25.6 21 18.6 10.3 4.9
Depreciation & Amortization 77.6 82.8 80.8 80.3 90.4 93.8 83.9 84.3 86.6 82.8 87.8 88.1 87.4 83.2 73.0 56.9 40.7 34 20.9 13.2 9.7 8 5.6
Stock-Based Compensation 13.4 13.9 8.0 6.3 5.3 4.9 3.7 3.2 3.6 3.8 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (16.3) (17.7) 14.6 8.5 (23.8) 4.4 (56.2) (15.0) (16.3) (7.4) 9.8 11.5 4.7 45.7 13.2 (32.2) (4.2) (9.2) 0.2 2.8 9.3 1.8 (0.7)
Other Non-Cash Items 53.8 0 0 0 2.1 0 3.7 (2.9) 0 (9.0) 1.7 1.2 (9.3) 13.3 37.5 13.5 0 (0.5) (1.2) 0.6 (3.2) 0.1 0.4
Operating Cash Flow 247.8 261.4 302.2 275.2 150.8 143.0 71.8 130.6 96.8 122.1 142.6 126.2 83.2 136.4 113.6 49.6 55.3 45.1 46.5 38.6 33.6 21 10.5
Investing Activities
Capital Expenditure (188.1) (130.9) (131.3) (112.3) (109.3) (71.0) (177.2) (92.6) (92.0) (50.1) (121.4) (80.1) (47.0) (126.5) (48.7) (43.6) (72.4) (98.9) (96.3) (55.8) (35.5) (6.2) (15.5)
Acquisitions 0 0 0 25.0 0 17.6 29.4 18.0 (5.4) (1.0) 0 0 0 (0.7) (48.9) (37.3) 0 0 0 0 0.1 0 0
Purchases of Investments (129.6) (100.6) (20.2) (38.9) 0 0 0 0 0 0 (94.5) (92.4) (0.9) (15) 0 0 0 0 (20.3) 0 (13.7) 0 0
Sales/Maturities of Investments 76.8 72.8 47.5 (25.0) 0 0 0 0 0.2 101.9 88.6 24.9 (0.9) 0.7 0 6.7 1.6 21.6 1.9 8.3 5.8 1.7 3.5
Other Investing Activities 2.1 2.2 2.4 3.4 5.8 (12.3) (7.1) 1.9 (0.9) 0.6 (58.2) 0 0.9 0.7 (1.0) (0.1) (0.3) 2.2 1.1 (10.7) (10.6) (0.4) 0.4
Investing Cash Flow (238.9) (156.5) (101.5) (147.8) (103.5) (65.7) (154.9) (90.7) (98.1) 52.3 (185.5) (147.6) (48.0) (140.7) (98.6) (74.3) (71.1) (75.1) (113.6) (58.2) (53.9) (4.9) (11.6)
Financing Activities
Net Debt Issuance (18.0) (6.6) (18.4) (65.4) 0.5 12.9 (6.7) (4.6) (5.4) (57.6) (72.1) (55.3) 58.6 78.1 (24.8) 10.4 27.9 (0.3) 99.5 0 (0.5) (0.7) (0.6)
Stock Repurchased (97.4) 0 0 (2.5) (48.2) (34.4) (21.7) (23.1) 0 0 0 0 0 0 0 0 (6.9) (6.8) 0 0 0 0 0
Dividends Paid 0 0 0 0 0 (16.2) (45.0) (8.2) (8.3) (11.9) 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (2.1) (3.0) (1.3) 29.3 (6.2) 21.6 31.4 17.5 (0.0) (1.0) 0 0 0 0 0.1 0 (17.9) 0 0 (0.1) 0 (0.1) 0
Financing Cash Flow (115.3) (7.7) (18.5) (38.7) (53.9) (16.0) (42.1) (13.8) (10.9) (67.0) 98.5 (53.3) 64.1 82.7 (17.0) 42.8 8.2 (3) 105.6 2.7 30.9 0.7 (0.3)
Cash Position
Net Change in Cash (106.1) 99.4 179.5 42.7 (1.9) 72.3 (122.7) 21.3 (6.1) 108.2 53.7 (72.5) 100.8 79.3 (3.5) 18.5 (7.5) (34) 39 (35.6) (25.1) (8.2) (9.7)
Cash at Beginning 601.2 501.9 322.4 279.7 281.6 209.3 332.0 308.0 314.1 205.9 142.3 214.8 113.9 34.7 38.2 19.6 23.8 57.8 18.8 35.6 25.1 8.2 9.7
Cash at End 495.1 601.2 501.9 322.4 279.7 281.6 209.3 329.3 308.0 314.1 196.0 142.3 214.8 113.9 34.7 38.2 16.3 23.8 57.8 0 0 0 0
Free Cash Flow 59.7 130.5 170.9 162.8 41.5 72.1 (105.4) 38.0 4.9 72.0 21.2 46.1 36.2 9.9 64.9 6.0 (17.1) (53.8) (49.8) (17.2) (1.9) 14.8 (5)
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Income Statement
Revenue 849.3 866.9 892.1 824.5 663.8 609.7 550.7 535.3 450.7 483.5 524.2 455.5 422.2 450.4 512.0 425.6 361.4 422.5 421.5 454.9 440.8 395.5 348.9 386.9 378.0 331.2 223.7 222.6 197.5 160.1 125.3 80.7 48.4
Gross Profit 299.8 315.9 336.2 294.2 167.0 134.7 120.8 131.5 91.3 118.7 143.1 100.3 99.6 111.9 136.2 91.8 57.1 72.7 99.5 147.0 145.1 135.3 98.2 110.4 123.7 167.4 108.1 115 96.9 75 58.3 37.5 22
Operating Income 208.2 221.5 253.1 211.9 94.6 63.9 52.1 65.6 31.9 52.5 72.2 28.8 30.7 44.4 75.5 39.5 (12.5) (205.9) 23.0 41.8 58.7 51.3 (29.9) 7.8 7.0 43.8 20.8 39.3 40.5 32.2 23.6 14.3 7.1
Net Income 136.4 130.7 125.5 118.8 55.4 33.8 40.5 42.1 13.1 46.2 44.6 26.0 18.0 27.9 16.2 23.9 (41.9) (210.8) 24.5 29.3 38.7 24.5 (48.2) (4.9) (4.0) 10.2 10.7 20.5 25.6 21 18.6 10.3 4.9
EPS (Diluted) 2.28 2.09 2.03 1.94 0.89 0.52 0.59 0.56 0.19 0.64 0.63 0.41 0.29 0.44 0.28 0.43 -0.97 -5.06 0.56 0.66 0.95 0.68 -1.50 -0.16 -0.13 0.34 0.51 0.92 1.03 0.87 0.83 0.53 0.30
Balance Sheet
Cash & Equivalents 492.3 598.5 499.3 319.7 276.7 278.7 206.5 329.3 308.0 314.1 88.5 83.8 142.3 214.8 113.9 34.7 38.2 16.3 23.8 57.8 18.8 35.6 25.1 8.2
Total Assets 1,804.5 1,712.1 1,526.2 1,315.8 1,294.2 1,188.2 1,118.7 1,110.0 1,020.8 988.3 663.7 758.0 872.9 865.5 832.4 673.5 609.6 410.4 371.5 365.2 211.9 174.2 98.3 74.4
Total Debt 6.0 23.0 26.5 45.6 117.2 70.8 52.8 57.5 62.0 67.6 122.4 223.6 318.9 373.8 307.4 221.9 203.6 117 106.4 106.5 2 1.8 1 1.7
Stockholders' Equity 1,173.6 1,120.9 975.0 831.5 823.7 805.0 769.9 759.7 744.6 710.4 399.8 382.8 349.5 308.3 339.1 287.2 294.0 207.7 200.4 186 156.4 134 80.4 62.6
Cash Flow
Operating Cash Flow 247.8 261.4 302.2 275.2 150.8 143.0 71.8 130.6 96.8 122.1 142.6 126.2 83.2 136.4 113.6 49.6 55.3 45.1 46.5 38.6 33.6 21 10.5
Capital Expenditure (188.1) (130.9) (131.3) (112.3) (109.3) (71.0) (177.2) (92.6) (92.0) (50.1) (121.4) (80.1) (47.0) (126.5) (48.7) (43.6) (72.4) (98.9) (96.3) (55.8) (35.5) (6.2) (15.5)
Free Cash Flow 59.7 130.5 170.9 162.8 41.5 72.1 (105.4) 38.0 4.9 72.0 21.2 46.1 36.2 9.9 64.9 6.0 (17.1) (53.8) (49.8) (17.2) (1.9) 14.8 (5)