Photronics Inc (PLAB) Financial Statements
Industry: Semiconductors & Related Devices
In fiscal 2025, Photronics reported revenue of $849.3M, down 2.0% from $866.9M the year before. Net income was $136.4M (a 16.1% net margin), or $2.28 per diluted share. Gross margin was 35.3% and operating margin was 24.5%. Operating activities generated $247.8M of cash, leaving $59.7M of free cash flow. At fiscal year end, Photronics held $1.60B in total assets against $207.2M in total liabilities, including $492.3M of cash and equivalents.
Open the full interactive Photronics financials → Quarterly statements, key ratios, valuation history and price charts.
Photronics Key Stats
| Share Price | $29.12 |
|---|---|
| Market Cap | $1.71B |
| P/E Ratio | 12.8 |
| Revenue YoY Growth | -2.0% |
| 52-Week Range | $20.28 – $54.96 |
| Shares Outstanding | 58.2 million (basic, 2026 Q3) |
Photronics Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $609.7M | $663.8M | $824.5M | $892.1M | $866.9M | $849.3M |
| Cost of Goods Sold | $475.0M | $496.7M | $530.3M | $555.9M | $551.0M | $549.5M |
| Gross Profit | $134.7M | $167.0M | $294.2M | $336.2M | $315.9M | $299.8M |
| Operating Income | $63.9M | $94.6M | $211.9M | $253.1M | $221.5M | $208.2M |
| Pre-Tax Income | $61.6M | $102.0M | $239.0M | $269.9M | $247.4M | $221.8M |
| Income Tax | $21.3M | $23.2M | $59.8M | $70.3M | $63.6M | $31.6M |
| Net Income | $33.8M | $55.4M | $118.8M | $125.5M | $130.7M | $136.4M |
| Diluted EPS | $0.52 | $0.89 | $1.94 | $2.03 | $2.09 | $2.28 |
Photronics Quarterly Results
| 2025 Q4 | 2026 Q1 | 2026 Q2 | 2026 Q3 | |
|---|---|---|---|---|
| Revenue | $215.8M | $225.1M | $209.9M | $216.0M |
| Net Income | $61.8M | $42.9M | $31.4M | $28.9M |
| Diluted EPS | $1.03 | $0.74 | $0.54 | $0.49 |
Photronics Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $278.7M | $276.7M | $319.7M | $499.3M | $598.5M | $492.3M |
| Current Assets | $500.1M | $550.6M | $644.7M | $785.5M | $931.1M | $890.1M |
| Total Assets | $1.19B | $1.00B | $1.06B | $1.28B | $1.48B | $1.60B |
| Current Liabilities | $142.9M | $176.1M | $193.8M | $185.2M | $183.8M | $165.9M |
| Total Long-Term Debt | $64.0M | $111.7M | $42.3M | $24.6M | $18.0M | $24,000 |
| Total Liabilities | $225.9M | $293.6M | $253.7M | $250.6M | $231.3M | $207.2M |
| Shareholders' Equity | $805.0M | $823.7M | $831.5M | $975.0M | $1.12B | $1.17B |
Photronics Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $143.0M | $150.8M | $275.2M | $302.2M | $261.4M | $247.8M |
| Cash From Investing | -$65.7M | -$103.5M | -$147.8M | -$101.5M | -$156.5M | -$238.9M |
| Cash From Financing | -$16.0M | -$53.9M | -$38.7M | -$18.5M | -$7.7M | -$115.3M |
| Free Cash Flow | $72.2M | $41.7M | $162.8M | $170.9M | $130.5M | $59.7M |
Figures from Photronics' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Photronics financials page for every line item.
Photronics Company Profile
| Ticker | PLAB |
|---|---|
| Exchange | Nasdaq |
| Industry | Semiconductors & Related Devices |
| Headquarters | Brookfield, Connecticut |
| Incorporated in | Connecticut |
| Fiscal Year End | October 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000810136 |
Frequently Asked Questions
What was Photronics' revenue in fiscal 2025?
Photronics (PLAB) reported revenue of $849.3M for fiscal 2025.
What is Photronics' annual revenue history?
Photronics' annual revenue by fiscal year: 2020: $609.7M; 2021: $663.8M; 2022: $824.5M; 2023: $892.1M; 2024: $866.9M; 2025: $849.3M.
What was Photronics' net income in fiscal 2025?
Photronics reported net income of $136.4M for fiscal 2025.
What was Photronics' earnings per share (EPS) in fiscal 2025?
Photronics' diluted EPS was $2.28 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Photronics generate in fiscal 2025?
Photronics generated $59.7M of free cash flow in fiscal 2025.
What was Photronics' revenue last quarter?
In its most recent reported quarter (2026 Q3), Photronics reported revenue of $216.0M.
How much debt does Photronics have?
Photronics reported $24,000 of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Photronics are outstanding?
Photronics reported a weighted average of 58.2 million basic shares outstanding in 2026 Q3.
What is Photronics' market cap?
Based on its latest closing price, Photronics (PLAB) has a market capitalization of about $1.71B.
When does Photronics' fiscal year end?
Photronics' fiscal year end, as registered with the SEC, is October 31.
Where is Photronics headquartered?
Photronics lists its business address in Brookfield, Connecticut in its SEC filings.