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Camtek Ltd.

CAMT Technology Semiconductor Equipment & Materials

Camtek Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $496.1 million, up 15.6% from fiscal 2024.

Revenue
+12.3%
EPS
−33.3%
Free cash flow
+952.4%
Total debt
+146.1%

Quarter to June 2026, against a year earlier

95.60 3.68 +4.00%
Market cap
$4.3B
P/E
122×
Fwd P/E
37.8×
Dividend yield
0.00%
F-score
5/9
Altman Z
6.45
Beneish M
−3.01
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 5.10
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — 7 — — —
Insider Ownership 38.02%

Capital & Financial Ratios $m

Size
Market Cap 4,290.00
Revenue ttm 504.21
Net income ttm (68.01)
Free cash flow ttm 231.59
Net debt Q (141.87)
Valuation
P/E 121.83 (above 35: high)
Forward P/E 37.80 (above 35: high)
Price / sales 8.57
Forward P/S Powerpack
Price / FCF 18.65
Price / book 6.08 (above 6: high)
Financial health
Current ratio Q 7.38 (at or above 1.5: strong)
Debt / equity Q 0.69
Interest coverage Q —
Growth
Revenue growth Q +12.31% (above 0%: growing)
Operating income growth Q −16.74% (below 0%: shrinking)
EPS, this year +10.47%
EPS, next year A +42.44% (at or above 15%: strong)
Revenue, next year A +20.02% (at or above 10%: strong)
EPS, past 5 yrs +14.01%
EPS, next 5 yrs A +22.93% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 8.3×, against a ten-year median of 3.6×; over the ten years it ranged from 0.2× in 2016 to 17.8× in 2026.
P/E against its own 10 years 91.52%
10-year low 10-year high
P/S against its own 10 years 75.87%
10-year low 10-year high
P/B against its own 10 years 70.77%
10-year low 10-year high
EV/Sales against its own 10 years 78.11%
10-year low 10-year high
EV/FCF against its own 10 years 54.22%
10-year low 10-year high

Dividends

Yield
0.00%
Annual rate
0.00
Payout ratio
0.00%
Growth, 2018–24
−100.0%/yr
  1. 0.14 ’18
  2. 0.00 ’19 −100
  3. 0.00 ’20
  4. 0.00 ’21
  5. 0.00 ’22
  6. 0.00 ’23
  7. 0.00 ’24
paid change on the year, %

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 354 388 668 630
Receivables 87 99 91 154
Inventory 86 111 112 100
Other 20 21 26 40
547 620 897 924
2023 2024 2025 Q'26
Payables 42 47 34 48
ST’ Debt — — — —
Other 54 77 74 77
97 124 107 125

Compound Annual Growth %

10y 5y 3y
Sales 17.45% 26.06% 15.63%
Cash Flow 57.31% 40.67% 34.89%
Earnings 0.00% 18.42% (14.07%)
Book Value 24.64% 22.11% 17.12%

Earnings Trends EPS, adjusted, against the consensus

Sep 2026 Estimate 0.98 Actual 0.99

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Dec 2025 0.83 0.81 Miss by 0.02
Mar 2026 0.69 0.70 Beat by 0.01
Jun 2026 0.76 0.78 Beat by 0.02
Sep 2026 0.98 0.99 Beat by 0.01
Dec 2026 1.16 — Reports 17 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.63 0.46 — — —
’25 0.70 0.69 (1.16) — 1.04
’24 0.51 0.57 0.67 0.67 2.42
’23 0.36 0.38 0.46 0.42 1.61
’22 0.39 0.40 0.43 0.45 1.66
’21 0.30 0.35 0.41 0.28 1.34
’20 0.07 0.13 0.15 0.18 0.54
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 122 133 — — —
’25 119 123 126 — 496
’24 97 103 112 117 429
’23 72 74 80 89 315
’22 77 80 82 82 321
’21 57 67 71 74 270
’20 30 37 40 49 156
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 — 47 — — 142
’24 — 70 — 122 122
’23 — — — — 79
’22 — — — — 58
’21 — 23 17 22 61
’20 — 12 5 8 26
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 — 41 — — 127
’24 — 65 — 112 112
’23 — (5) — (8) 71
’22 — (4) — (8) 50
’21 — 21 15 20 57
’20 — 12 4 7 23
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 79 93 123 134 156 270 321 315 429 496 504 +22.6% 595 801 910 +22.4%
Gross margin, % 41.01 48.69 49.36 48.34 46.99 50.93 49.81 46.81 48.91 50.46 50.23 +9.5 pt
EBT 1 (3) 21 23 23 72 88 88 131 52 44 +52.5%
EBT margin, % 1.48 (3.41) 16.86 16.99 15.01 26.67 27.48 27.79 30.57 10.55 8.72 +9.1 pt
Net income 5 14 19 22 22 60 80 79 119 51 (68) +30.1%
Per share, $
Per share, $ Revenue 2.24 2.64 3.40 3.56 3.96 6.85 7.27 7.05 9.48 10.85 10.81 +19.2%
Earnings 0.13 0.39 0.52 0.57 0.55 1.38 1.81 1.76 2.62 1.11 0.76 +26.9%
Cash flow (0.49) 0.05 0.46 0.65 0.65 1.55 1.31 1.77 2.70 3.10 0.00 n/m
Capex (0.04) (0.09) (0.06) (0.04) (0.07) (0.11) (0.19) (0.18) (0.23) (0.32) 0.00 +25.5%
Free cash flow (0.53) (0.04) 0.40 0.62 0.59 1.44 1.12 1.59 2.47 2.78 0.00 n/m
Book value 2.08 2.38 2.80 3.62 5.77 7.46 8.70 10.65 12.13 13.50 15.23 +23.1%
Shares, m 35 35 36 38 39 39 44 45 45 46 46 +2.9%
Valuation, ×
Valuation, × P/E 28.84 14.74 13.02 18.36 39.84 33.36 12.29 38.33 30.95 100.33 121.83 33.0
P/S 1.48 2.18 1.99 3.04 5.54 6.72 3.08 9.57 8.52 10.03 8.57 5.2
P/B 1.60 2.42 2.42 2.99 3.80 6.18 2.57 6.34 6.66 7.89 6.08 4.3
EV/Sales 1.23 1.74 1.57 2.39 4.42 5.98 2.45 9.08 8.08 9.73 8.29 4.7
EV/FCF (8.63) (12.32) 8.86 8.49 23.39 25.17 8.36 18.17 17.18 20.38 18.05 10.9
Cash, $m
Cash, $m Operating cash flow (17) 2 17 25 26 61 58 79 122 142 261 n/m
Capex (1) (3) (2) (1) (3) (4) (8) (8) (10) (15) (30) +29.2%
Free cash flow (19) (2) 15 23 23 57 50 71 112 127 232 n/m
Balance, $m
Balance, $m Working capital 54 64 81 116 205 430 468 450 496 790 799 +34.7%
Net debt (20) (44) (55) (89) (177) (203) (204) (157) (190) (148) (142) +25.1%
Shareholders’ equity 73 84 101 136 227 294 384 476 549 617 710 +26.7%
Returns, %
Returns, % ROA 4.27 12.77 14.72 14.10 9.50 13.83 12.68 10.74 14.11 4.71 3.07 +0.4 pt
ROIC 2.35 (4.68) 26.94 28.89 28.21 49.06 28.27 12.82 18.81 17.10 13.01 +14.8 pt
ROE 6.69 17.71 20.17 18.50 11.98 23.14 23.59 18.28 23.12 8.70 5.31 +2.0 pt
People
People Employees 498 274 295 322 356 404 446 565 284 315 — (5.0%)
Revenue/emp, $m 0.16 0.34 0.42 0.42 0.44 0.67 0.72 0.56 1.51 1.57 — +29.0%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Camtek Ltd. vs peers in Semiconductor Equipment & Materials (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
AMKR Amkor Technology, Inc. $7.6B 12.4× 15.8× +0.18% (above 0%: growing) +50.94% (above 0%: growing) +20.66% (above 0%: growing) 18.26% 11.29% Compare
FORM FormFactor, Inc. $5.6B 32.8× 31.9× +38.42% (above 0%: growing) +370.00% (above 0%: growing) +233.17% (above 0%: growing) 54.68% 29.08% Compare
CAMT Camtek Ltd. $4.3B 122× 37.8× +12.31% (above 0%: growing) −33.33% (below 0%: shrinking) +952.40% (above 0%: growing) 50.06% 20.43%
KLIC Kulicke and Soffa Industries, Inc. $3.1B 27.4× 22.1× +122.63% (above 0%: growing) n/m +856.72% (above 0%: growing) 47.80% 20.66% Compare
ACLS Axcelis Technologies, Inc. $2.8B 26.6× 35.3× +11.31% (above 0%: growing) +46.99% (above 0%: growing) −12.96% (below 0%: shrinking) 40.97% 11.50% Compare
ACMR ACM Research, Inc. $2.7B 17.8× 16.8× +36.01% (above 0%: growing) +178.72% (above 0%: growing) −19.43% (below 0%: shrinking) 45.96% 16.98% Compare
IPGP IPG Photonics Corporation $2.6B 65.0× 65.8× +14.64% (above 0%: growing) +164.83% (above 0%: growing) +105.15% (above 0%: growing) 40.71% 7.23% Compare
AMBA Ambarella, Inc. $2.4B — (loss-making) — (loss-making) +13.21% (above 0%: growing) n/m −612.08% (below 0%: shrinking) 57.73% (7.53%) Compare
AXTI AXT Inc $2.4B 70.3× 49.2× +162.60% (above 0%: growing) n/m +173.29% (above 0%: growing) 55.98% 38.72% Compare
Median of peers $2.8B 27.4× 31.9× +25.33% +164.83% +62.91% 46.88% 14.24%

All 30 Semiconductor Equipment & Materials stocks →

Camtek Ltd. (CAMT) Latest News

4 Nov

Impact 4 · · Moby
Impact 4 · · The Motley Fool transcript
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Impact 4 · · PR Newswire
Impact 3 · · Associated Press

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Impact 4 · · Simply Wall St.

14 Oct

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13 Oct

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7 Oct

Impact 3 · · PR Newswire

6 Oct

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5 Oct

Impact 3 · · Zacks
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29 Sep

Impact 4 · · The Motley Fool

28 Sep

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22 Sep

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17 Sep

Impact 3 ·

17 Aug

Impact 4 · · The Motley Fool transcript

11 Aug

Impact 4 · transcript

CAMT metrics, ten years each

stockrow.com/CAMT · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com