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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. In the quarter to June 2026, revenue grew 12.3%, EPS fell 33.3%, free cash flow grew 952.4% and total debt rose 146.1%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years.

129.47 1.91 −1.45%
Market cap
$6.1B
P/E
170×
Fwd P/E
52.5×
Dividend yield
0.00%
F-score
5/9
Altman Z
6.45
Beneish M
−3.01
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 5.10
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — 7 — —
Insider Ownership 37.98%

Capital & Financial Ratios $m

Market Cap 6,130.00
Revenue 504.21
Net Income (68.01)
Free Cash Flow 231.59
Net Debt (141.87)
Current Ratio 7.38 (at or above 1.5: strong)
Debt/Equity 0.69
P/E ratio 170.36 (above 35: high)
Fwd P/E 52.50 (above 35: high)
P/S ratio 11.98 (above 10: high)
P/B ratio 8.50 (above 6: high)
Past 5Y EPS Growth 14.01%
This Y EPS Growth 11.99%
Next Y EPS Growth 39.41% (at or above 15%: strong)
Next Y revenue growth 19.58% (at or above 10%: strong)
Next 5Y EPS Growth 22.70% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 11.7×, against a ten-year median of 3.5×; over the ten years it ranged from 0.2× in 2016 to 17.8× in 2026.
P/E against its own 10 years 95.53%
10-year low 10-year high
P/S against its own 10 years 90.34%
10-year low 10-year high
P/B against its own 10 years 88.06%
10-year low 10-year high
EV/Sales against its own 10 years 90.60%
10-year low 10-year high
EV/FCF against its own 10 years 71.75%
10-year low 10-year high

Dividends

Payout Ratio 0.00
Annual Dividend Rate 0.00
Annual Dividend Yield 0.00%
total individual payouts
2024 0.00
1.33
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 0.00
0.17
2018 0.14
0.14
2017 0.00
0.14
special payouts not included in total or ratios

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%

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.

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.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 1.58 3.00 5.72 6.56 6.27 20.53 20.83 21.63 65.18 47.41

Analyst estimates 2026–2028

Powerpack
High 3.33 7.96 11.11 11.36 22.66 49.60 48.60 71.59 140.50 129.41
People
People Employees 498 274 295 322 356 404 446 565 284 315
Revenue/emp, $m 0.16 0.34 0.42 0.42 0.44 0.67 0.72 0.56 1.51 1.57
Income, $m
Income, $m Revenue 79 93 123 134 156 270 321 315 429 496
Gross margin, % 41.01 48.69 49.36 48.34 46.99 50.93 49.81 46.81 48.91 50.46
EBT 1 (3) 21 23 23 72 88 88 131 52
EBT margin, % 1.48 (3.41) 16.86 16.99 15.01 26.67 27.48 27.79 30.57 10.55
Net income 5 14 19 22 22 60 80 79 119 51
Depreciation 2 2 2 2 2 3 5 7 12 12
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
Earnings 0.13 0.39 0.52 0.57 0.55 1.38 1.81 1.76 2.62 1.11
Cash flow (0.49) 0.05 0.46 0.65 0.65 1.55 1.31 1.77 2.70 3.10
Capex (0.04) (0.09) (0.06) (0.04) (0.07) (0.11) (0.19) (0.18) (0.23) (0.32)
Free cash flow (0.53) (0.04) 0.40 0.62 0.59 1.44 1.12 1.59 2.47 2.78
Book value 2.08 2.38 2.80 3.62 5.77 7.46 8.70 10.65 12.13 13.50
Shares, m 35 35 36 38 39 39 44 45 45 46
Valuation, ×
Valuation, × P/E 28.84 14.74 13.02 18.36 39.84 33.36 12.29 38.33 30.95 100.33
P/S 1.48 2.18 1.99 3.04 5.54 6.72 3.08 9.57 8.52 10.03
P/B 1.60 2.42 2.42 2.99 3.80 6.18 2.57 6.34 6.66 7.89
EV/Sales 1.23 1.74 1.57 2.39 4.42 5.98 2.45 9.08 8.08 9.73
EV/FCF (8.63) (12.32) 8.86 8.49 23.39 25.17 8.36 18.17 17.18 20.38
Cash, $m
Cash, $m Operating cash flow (17) 2 17 25 26 61 58 79 122 142
Capex (1) (3) (2) (1) (3) (4) (8) (8) (10) (15)
Free cash flow (19) (2) 15 23 23 57 50 71 112 127
Balance, $m
Balance, $m Working capital 54 64 81 116 205 430 468 450 496 790
Total debt — — — 1 1 195 196 197 198 520
Net debt (20) (44) (55) (89) (177) (203) (204) (157) (190) (148)
Shareholders’ equity 73 84 101 136 227 294 384 476 549 617
Returns, %
Returns, % ROA 4.27 12.77 14.72 14.10 9.50 13.83 12.68 10.74 14.11 4.71
ROIC 2.35 (4.68) 26.94 28.89 28.21 49.06 28.27 12.82 18.81 17.10
ROE 6.69 17.71 20.17 18.50 11.98 23.14 23.59 18.28 23.12 8.70
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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
ONTO Onto Innovation Inc. $11.4B 82.0× 48.8× +35.30% (above 0%: growing) +76.81% (above 0%: growing) +30.97% (above 0%: growing) 53.41% 18.52% Compare
AMKR Amkor Technology, Inc. $10.9B 18.7× 31.1× +25.58% (above 0%: growing) +218.18% (above 0%: growing) −276.02% (below 0%: shrinking) 16.79% 10.53% Compare
NVMI Nova Ltd. $10.5B 37.0× 50.8× +15.90% (above 0%: growing) +1.72% (above 0%: growing) −10.48% (below 0%: shrinking) 56.54% 29.88% Compare
FORM FormFactor, Inc. $8.9B 71.0× 64.7× +31.89% (above 0%: growing) +500.00% (above 0%: growing) +211.52% (above 0%: growing) 50.70% 22.38% Compare
CAMT Camtek Ltd. $6.1B 170× 52.5× +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. $4.4B 35.6× 34.7× +122.63% (above 0%: growing) n/m +856.72% (above 0%: growing) 47.80% 20.66% Compare
ACMR ACM Research, Inc. $4.1B 23.6× 36.3× +36.01% (above 0%: growing) +178.72% (above 0%: growing) −19.43% (below 0%: shrinking) 45.96% 16.98% Compare
AXTI AXT Inc $3.8B 1,716× 379× +164.77% (above 0%: growing) n/m +173.29% (above 0%: growing) 44.90% 21.90% Compare
ACLS Axcelis Technologies, Inc. $3.6B 36.1× 59.9× +10.60% (above 0%: growing) −23.23% (below 0%: shrinking) −60.74% (below 0%: shrinking) 42.38% 9.43% Compare
Median of peers $6.6B 36.6× 49.8× +33.59% +127.77% +10.24% 46.88% 19.59%

All 29 Semiconductor Equipment & Materials stocks →

Camtek Ltd. (CAMT) key facts

  • Strength: Camtek Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $496.1 million, up 15.6% from fiscal 2024.
  • Camtek Ltd. (CAMT) is a Semiconductor Equipment & Materials company in the Technology sector, listed on Nasdaq.
  • As of October 16, 2026, CAMT traded at $129.47, a market capitalization of $6.1 billion.
  • Camtek Ltd. does not currently pay a dividend.
  • Return on equity was 8.70% and debt-to-equity 0.69.
  • Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 6.45 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Camtek Ltd. (CAMT) Latest News

18 Feb

Impact 5 ·
stockrow.com/CAMT · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com