PLAB · Photronics Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $225.07M | - | $210.39M | $210.99M | $212.14M | - | $210.98M | $217.00M | $216.33M | - |
| Cost of Revenue | $146.36M | - | $139.54M | $133.09M | $136.60M | - | $135.85M | $137.75M | $137.08M | - |
| Gross Profit | $78.70M | - | $70.86M | $77.91M | $75.53M | - | $75.14M | $79.25M | $79.25M | - |
| R&D | $2.59M | - | $4.27M | $4.09M | $4.26M | - | $3.56M | $4.29M | $3.44M | - |
| SG&A | $21.31M | - | $18.42M | $18.10M | $19.10M | - | $19.44M | $19.00M | $18.32M | - |
| Total Operating Expenses | $23.90M | - | $22.69M | $22.19M | $23.36M | - | $22.99M | $23.29M | $21.77M | - |
| D&A | $19.80M | - | - | - | $20.79M | - | - | - | $20.70M | - |
| Operating Income | $54.86M | - | $48.16M | $55.72M | $52.18M | - | $52.15M | $56.05M | $57.49M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $14.36M | - | $9.59M | $5.71M | $18.90M | - | $14.12M | $20.21M | $14.66M | - |
| Net Income | $42.94M | - | $22.89M | $8.86M | $42.85M | - | $34.39M | $36.25M | $26.18M | - |
| EPS - Basic | $0.74 | - | $0.40 | $0.15 | $0.69 | - | $0.56 | $0.59 | $0.43 | - |
| EPS - Diluted | $0.74 | - | $0.39 | $0.15 | $0.68 | - | $0.55 | $0.58 | $0.42 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $544.13M | $492.26M | $479.52M | $530.71M | $642.20M | $598.49M | $537.33M | $493.90M | $508.52M | $499.29M |
| Accounts Receivable | $199.49M | $195.92M | $190.88M | $195.98M | $188.44M | $200.83M | $199.93M | $197.52M | $203.61M | $194.93M |
| Inventory | $62.65M | $61.77M | $63.49M | $61.20M | $57.58M | $56.53M | $55.47M | $54.26M | $50.68M | $49.96M |
| Accounts Payable | $111.65M | $84.21M | $100.35M | $89.48M | $85.94M | $78.72M | $89.01M | $94.75M | $86.92M | $84.02M |
| Current Assets | $946.25M | $890.05M | $872.24M | $855.81M | $920.83M | $931.06M | $892.64M | $844.13M | $807.68M | $785.45M |
| Total Assets | $1.90B | $1.80B | $1.75B | $1.70B | $1.70B | $1.71B | $1.65B | $1.60B | $1.58B | $1.53B |
| Current Liabilities | $206.65M | $165.87M | $174.93M | $166.78M | $162.64M | $183.81M | $191.13M | $195.57M | $185.29M | $185.22M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $251.50M | $207.23M | $214.76M | $206.26M | $210.46M | $231.30M | $231.67M | $235.42M | $235.78M | $250.61M |
| Stockholders' Equity | $1.21B | $1.17B | $1.13B | $1.10B | $1.13B | $1.12B | $1.07B | $1.03B | $1.02B | $975.01M |
| Retained Earnings | $814.32M | $772.20M | $710.40M | $698.42M | $731.71M | $691.81M | $657.94M | $623.55M | $587.30M | $561.12M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $97.25M | - | - | - | $78.47M | - | - | - | $41.51M | - |
| Investing Cash Flow | ($40.28M) | - | - | - | $6.84M | - | - | - | ($42.22M) | - |
| Financing Cash Flow | $749.0K | - | - | - | ($20.48M) | - | - | - | ($2.87M) | - |
| CapEx | $47.63M | - | - | - | $35.20M | - | - | - | $43.31M | - |
| Free Cash Flow | $49.62M | - | - | - | $43.27M | - | - | - | ($1.81M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 35.0% | - | 33.7% | 36.9% | 35.6% | - | 35.6% | 36.5% | 36.6% | - |
| Operating margin | 24.4% | - | 22.9% | 26.4% | 24.6% | - | 24.7% | 25.8% | 26.6% | - |
| EBITDA margin | 33.2% | - | - | - | 34.4% | - | - | - | 36.1% | - |
| Net margin | 19.1% | - | 10.9% | 4.2% | 20.2% | - | 16.3% | 16.7% | 12.1% | - |
| Free cash flow margin | 22.0% | - | - | - | 20.4% | - | - | - | -0.8% | - |
| FCF / Net income | 1.16 | - | - | - | 1.01 | - | - | - | -0.07 | - |
| R&D / Revenue | 1.1% | - | 2.0% | 1.9% | 2.0% | - | 1.7% | 2.0% | 1.6% | - |
| SG&A / Revenue | 9.5% | - | 8.8% | 8.6% | 9.0% | - | 9.2% | 8.8% | 8.5% | - |
| Effective tax rate | 25.1% | - | 29.5% | 39.2% | 30.6% | - | 29.1% | 35.8% | 35.9% | - |
| Return on assets | 2.3% | - | 1.3% | 0.5% | 2.5% | - | 2.1% | 2.3% | 1.7% | - |
| Return on equity | 3.5% | - | 2.0% | 0.8% | 3.8% | - | 3.2% | 3.5% | 2.6% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 4.58 | 5.37 | 4.99 | 5.13 | 5.66 | 5.07 | 4.67 | 4.32 | 4.36 | 4.24 |
| Quick ratio | 4.28 | 4.99 | 4.62 | 4.76 | 5.31 | 4.76 | 4.38 | 4.04 | 4.09 | 3.97 |
| Cash ratio | 2.63 | 2.97 | 2.74 | 3.18 | 3.95 | 3.26 | 2.81 | 2.53 | 2.74 | 2.70 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.57 | 1.54 | 1.56 | 1.55 | 1.51 | 1.53 | 1.54 | 1.55 | 1.55 | 1.57 |
| Liabilities / Assets | 0.13 | 0.11 | 0.12 | 0.12 | 0.12 | 0.14 | 0.14 | 0.15 | 0.15 | 0.16 |
| Efficiency | ||||||||||
| Asset turnover | 0.12 | - | 0.12 | 0.12 | 0.12 | - | 0.13 | 0.14 | 0.14 | - |
| Inventory turnover | 2.34 | - | 2.20 | 2.17 | 2.37 | - | 2.45 | 2.54 | 2.70 | - |
| Days sales outstanding | 324d | - | 331d | 339d | 324d | - | 346d | 332d | 344d | - |
| Days inventory outstanding | 156d | - | 166d | 168d | 154d | - | 149d | 144d | 135d | - |
| Days payable outstanding | 278d | - | 262d | 245d | 230d | - | 239d | 251d | 231d | - |
| Cash conversion cycle | 201d | - | 235d | 261d | 248d | - | 256d | 225d | 247d | - |
| Valuation | ||||||||||
| P / E | 46.7x | - | 50.7x | 128.1x | 33.8x | - | 46.6x | 48.8x | 71.8x | - |
| P / B | 1.7x | - | 1.0x | 1.1x | 1.3x | - | 1.5x | 1.7x | 1.8x | - |
| P / S | 9.0x | - | 5.5x | 5.6x | 6.8x | - | 7.6x | 8.1x | 8.7x | - |
| EV / EBITDA | 19.7x | - | - | - | 10.9x | - | - | - | 17.5x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 6.1% | - | -0.3% | -2.8% | -1.9% | - | -5.9% | -5.4% | 2.5% | - |
| Revenue CAGR (3y) | 2.2% | - | -1.5% | 1.0% | 3.8% | - | 7.3% | 10.7% | 12.5% | - |
| Revenue CAGR (5y) | 8.2% | - | 5.9% | 8.1% | 5.8% | - | 8.8% | 10.7% | 11.9% | - |
| Gross profit growth (YoY) | 4.2% | - | -5.7% | -1.7% | -4.7% | - | -13.4% | -10.4% | 4.2% | - |
| Operating income growth (YoY) | 5.1% | - | -7.6% | -0.6% | -9.2% | - | -20.1% | -16.4% | 2.7% | - |
| Net income growth (YoY) | 0.2% | - | -33.4% | -75.6% | 63.7% | - | 27.6% | -9.2% | 87.2% | - |
| EPS growth (YoY) | 8.8% | - | -29.1% | -74.1% | 61.9% | - | 25.0% | -10.8% | 82.6% | - |
| EPS CAGR (3y) | 47.6% | - | -8.6% | -30.7% | 21.4% | - | 25.2% | 50.5% | 47.8% | - |
| EPS CAGR (5y) | 41.6% | - | 18.1% | 8.4% | 33.6% | - | 40.6% | 34.9% | 39.3% | - |
| FCF growth (YoY) | 14.7% | - | - | - | - | - | - | - | 47.1% | - |
| FCF CAGR (5y) | 41.5% | - | - | - | 20.6% | - | - | - | - | - |
| Book value growth (YoY) | 7.4% | 4.7% | 5.4% | 6.4% | 10.2% | 15.0% | 11.1% | 11.5% | 11.1% | 17.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-10-31.
Product / service
$1.70B totalIntegrated Circuits$615.10M · 36.2%
Mainstream Integrated Circuits$376.24M · 22.2%
High End Integrated Circuits$238.87M · 14.1%
Flat Panel Displays$234.19M · 13.8%
High End Flat Panel Displays$195.52M · 11.5%
Mainstream Flat Panel Displays$38.67M · 2.3%
Geographic
$849.29M totalTW$283.84M · 33.4%
CN$221.00M · 26.0%
KR$158.52M · 18.7%
US$148.91M · 17.5%
Europe$34.08M · 4.0%
Other$2.93M · 0.3%
Peer comparison
Same SIC group: Semiconductors & Related Devices
Comparing PHOTRONICS INC against the 5 most active filers in the same SIC group.