Saturday 17 October 2026 Export PLAB’s income statement to Excel — free account

Photronics, Inc.

PLAB Technology Semiconductor Equipment & Materials

Photronics, Inc.’s revenue for fiscal 2025 (year ended October 2025) was $849.3 million, down 2.04% from fiscal 2024. In the quarter to July 2026, revenue grew 2.69%, EPS grew 25.0%, free cash flow grew 56.1% and total debt rose 14,318.5%, each against the same quarter a year earlier.

27.52 1.01 −3.54%

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Market cap: $1.7B
P/E: 9.7×
Fwd P/E: 14.0×
Dividend yield: —
F-score: 6/9
Altman Z: 6.06
Beneish M: −2.32
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 24.17

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	6	10	—	3	18	—	—	—	—	4	—

Insider Ownership 2.53%

Capital & Financial Ratios $m

Market Cap 1,680.00

Revenue 866.82

Net Income 225.93

Free Cash Flow 110.48

Net Debt (668.92)

Current Ratio 4.94

Debt/Equity 0.00

P/E ratio 9.66

Fwd P/E 14.00

P/S ratio 1.85

P/B ratio 0.92

Past 5Y EPS Growth 34.40%

This Y EPS Growth 0.00%

Next Y EPS Growth 1.99%

Next Y revenue growth 2.20%

Next 5Y EPS Growth 2.82%

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

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 10.91%

10-year low 10-year high

P/S against its own 10 years 86.55%

10-year low 10-year high

P/B against its own 10 years 61.85%

10-year low 10-year high

EV/Sales against its own 10 years 67.01%

10-year low 10-year high

EV/FCF against its own 10 years 55.19%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	512	641	588	673
Receivables	195	201	196	188
Inventory	50	57	62	65
Other	28	33	44	50
	785	931	890	975

	2023	2024	2025	Q'26
Payables	84	79	84	117
ST’ Debt	7	18	0	4
Other	—	—	—	—
	185	184	166	197

Compound Annual Growth %

	10y	5y	3y
Sales	4.94%	6.85%	0.99%
Cash Flow	6.40%	11.62%	(3.43%)
Earnings	11.82%	32.17%	4.72%
Book Value	7.68%	10.67%	14.57%

Revenue $m

	Jan	Apr	Jul	Oct	Year
’26	225	210	216	—	—
’25	212	211	210	216	849
’24	216	217	211	223	867
’23	211	229	224	227	892
’22	190	205	220	210	825
’21	152	160	171	181	664
’20	160	143	158	149	610

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Jan	Apr	Jul	Oct	Year
’26	97	47	76	—	—
’25	78	31	50	88	248
’24	42	76	75	68	261
’23	28	82	86	107	302
’22	59	44	93	79	275
’21	26	32	55	38	151
’20	31	31	17	65	143

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Jan	Apr	Jul	Oct	Year
’26	50	1	39	—	—
’25	43	(29)	25	20	60
’24	(2)	56	51	25	130
’23	(3)	55	65	54	171
’22	40	29	81	13	163
’21	9	(24)	36	21	42
’20	17	14	10	31	72

Fiscal quarters ending in the months shown.

EPS $

	Jan	Apr	Jul	Oct	Year
’26	0.74	0.54	0.49	—	—
’25	0.68	0.15	0.39	1.07	2.28
’24	0.42	0.58	0.55	0.54	2.09
’23	0.23	0.65	0.44	0.72	2.03
’22	0.38	0.49	0.51	0.60	1.94
’21	0.13	0.17	0.28	0.33	0.89
’20	0.16	0.10	0.17	0.10	0.52

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	8.20	7.55	7.20	7.95	8.31	10.89	13.87	13.86	20.25	16.46	Analyst estimates 2026–2028 Powerpack
	High	12.40	11.95	11.00	16.75	16.01	19.40	25.81	32.60	34.16	39.80
People
People	Employees	1,530	1,475	1,575	1,775	1,728	1,728	1,828	1,885	1,878	1,908
	Revenue/emp, $m	0.32	0.31	0.34	0.31	0.35	0.38	0.45	0.47	0.46	0.45
Income, $m
Income, $m	Revenue	483	451	535	551	610	664	825	892	867	849
	Gross margin, %	24.55	20.26	24.57	21.94	22.09	25.17	35.68	37.68	36.44	35.30
	EBT	60	27	69	51	62	102	239	270	247	222
	EBT margin, %	12.51	5.89	12.81	9.21	10.10	15.37	28.99	30.26	28.54	26.11
	Net income	56	21	61	40	40	79	179	200	184	190
	Depreciation	83	87	84	84	94	90	80	81	83	78
Per share, $
Per share, $	Revenue	7.16	6.59	7.78	8.30	9.40	10.81	13.62	14.59	14.05	14.25
	Earnings	0.68	0.19	0.61	0.45	0.52	0.90	1.96	2.05	2.12	2.29
	Cash flow	1.81	1.41	1.90	1.03	2.21	2.46	4.54	4.94	4.24	4.16
	Capex	(0.74)	(1.36)	(1.35)	(2.69)	(1.09)	(1.78)	(1.86)	(2.15)	(2.12)	(3.16)
	Free cash flow	1.07	0.06	0.55	(1.66)	1.11	0.68	2.69	2.79	2.11	1.00
	Book value	12.22	12.64	13.14	13.73	14.83	16.29	17.54	20.86	23.99	26.80
	Shares, m	68	68	69	66	65	61	61	61	62	60
Valuation, ×
Valuation, ×	P/E	14.06	48.50	15.97	25.65	19.11	14.92	8.15	8.96	10.70	10.35
	P/S	1.36	1.47	1.25	1.42	1.08	1.26	1.19	1.26	1.62	1.68
	P/B	0.79	0.77	0.74	0.86	0.68	0.83	0.92	0.88	0.95	0.89
	EV/Sales	0.84	0.93	0.85	1.14	0.73	1.01	0.81	0.71	0.91	0.98
	EV/FCF	5.95	144.76	12.61	(5.66)	6.23	16.25	4.10	3.73	6.04	14.14
Cash, $m
Cash, $m	Operating cash flow	122	97	131	68	143	151	275	302	261	248
	Capex	(50)	(93)	(93)	(178)	(71)	(109)	(113)	(131)	(131)	(188)
	Free cash flow	72	4	38	(110)	72	42	163	171	130	60
Balance, $m
Balance, $m	Working capital	360	367	312	276	357	374	451	600	747	724
	Total debt	67	62	57	53	69	112	42	25	18	0
	Net debt	(247)	(246)	(272)	(154)	(210)	(165)	(316)	(488)	(623)	(588)
	Shareholders’ equity	825	865	905	911	962	1,001	1,062	1,276	1,481	1,597
Returns, %
Returns, %	ROA	4.55	1.31	3.95	2.67	2.93	4.47	9.10	8.83	8.07	7.76
	ROIC	5.67	3.22	6.48	4.30	5.31	7.07	17.75	20.07	16.13	12.89
	ROE	5.82	1.55	4.75	3.28	3.61	5.65	11.52	10.74	9.48	8.86

Negative figures in brackets.

All 10 years →

Fiscal years to Oct 2025 · latest quarter Jul 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	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
IPGP IPG Photonics Corporation	$3.1B	108×	82.3×	+11.11% (above 0%: growing)	−25.00% (below 0%: shrinking)	+200.46% (above 0%: growing)	40.39%	1.63%	Compare
AMBA Ambarella, Inc.	$2.8B	— (loss-making)	— (loss-making)	+13.21% (above 0%: growing)	n/m	−612.08% (below 0%: shrinking)	57.73%	(7.53%)	Compare
VECO Veeco Instruments Inc.	$2.8B	113×	57.6×	+16.48% (above 0%: growing)	−5.00% (below 0%: shrinking)	+776.15% (above 0%: growing)	38.68%	6.13%	Compare
COHU Cohu, Inc.	$2.6B	— (loss-making)	— (loss-making)	+38.37% (above 0%: growing)	n/m	−39.36% (below 0%: shrinking)	45.36%	0.20%	Compare
UCTT Ultra Clean Holdings, Inc.	$2.5B	— (loss-making)	98.9×	+24.31% (above 0%: growing)	n/m	−558.40% (below 0%: shrinking)	16.08%	4.57%	Compare
AEHR Aehr Test Systems	$2.3B	— (loss-making)	— (loss-making)	+33.69% (above 0%: growing)	n/m	+133.16% (above 0%: growing)	42.57%	(6.40%)	Compare
ICHR Ichor Holdings, Ltd.	$1.8B	— (loss-making)	93.0×	+22.68% (above 0%: growing)	n/m	−59.76% (below 0%: shrinking)	13.90%	2.44%	Compare
PLAB Photronics, Inc.	$1.7B	9.7×	14.0×	+2.69% (above 0%: growing)	+25.00% (above 0%: growing)	+56.06% (above 0%: growing)	33.20%	21.06%
Median of peers	$2.7B	108×	82.3×	+19.58%	−23.23%	−49.56%	41.39%	2.04%

All 29 Semiconductor Equipment & Materials stocks →

Photronics, Inc. (PLAB) key facts

Concern: Photronics, Inc.’s revenue for fiscal 2025 (year ended October 2025) was $849.3 million, down 2.04% from fiscal 2024.
Strength: Net income was $190.2 million, or $2.29 per share (basic), a net margin of 16.1%.
Photronics, Inc. (PLAB) is a Semiconductor Equipment & Materials company in the Technology sector, listed on Nasdaq.
As of October 16, 2026, PLAB traded at $27.52, a market capitalization of $1.7 billion.
At that price the stock trades at 9.7× trailing-twelve-month earnings and 1.8× sales; its P/E is higher than 11% of its own readings over the past ten years.
Return on equity was 8.86% and debt-to-equity 0.00.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 6.06 (safe zone) for fiscal 2025.