15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 6.9% per year over the past 5 years.
Net income has grown faster than revenue (32.2% vs 6.9% per year).
Operating margin has expanded, at 24.5% in the latest year.
Free cash flow has declined 3.8% per year over the past 5 years.
Financial health
Total debt has grown slower than revenue (-7.4% vs 6.9% per year).
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$849M
$136M
35.3%
24.5%
$60M
—
$492M
2024
$867M
$131M
36.4%
25.6%
$131M
—
$598M
2023
$892M
$125M
37.7%
28.4%
$171M
—
$499M
2022
$825M
$119M
35.7%
25.7%
$163M
$42M
$320M
2021
$664M
$55M
25.2%
14.2%
$42M
$112M
$277M
2020
$610M
$34M
22.1%
10.5%
$72M
$69M
$279M
2019
$551M
$30M
21.9%
9.5%
-$110M
$53M
$207M
2018
$535M
$42M
24.6%
12.3%
$38M
$57M
$329M
2017
$451M
$13M
20.3%
7.1%
$5M
—
$308M
2016
—
$46M
—
—
$72M
—
$314M
2015
—
$45M
—
—
$29M
—
$206M
2014
—
$26M
—
—
—
—
$193M
2013
—
$18M
—
—
$36M
—
$216M
2012
—
$28M
—
—
$36M
—
$218M
2011
—
$16M
—
—
$54M
—
$190M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
May '26
$210M
$31M
31.3%
20.1%
$1M
—
$511M
Feb '26
$225M
$43M
35.0%
24.4%
$50M
—
$544M
Oct '25
$216M
$62M
35.0%
24.1%
$20M
—
$492M
Aug '25
$210M
$23M
33.7%
22.9%
$25M
—
$480M
May '25
$211M
$9M
36.9%
26.4%
-$29M
—
$531M
Feb '25
$212M
$43M
35.6%
24.6%
$43M
—
$642M
Oct '24
$223M
$34M
37.0%
25.1%
$25M
—
$598M
Jul '24
$211M
$34M
35.6%
24.7%
$51M
—
$537M
Apr '24
$217M
$36M
36.5%
25.8%
$56M
—
$494M
Jan '24
$216M
$26M
36.6%
26.6%
-$2M
—
$509M
Oct '23
$227M
$45M
37.3%
28.5%
$54M
—
$499M
Jul '23
$224M
$27M
38.7%
29.1%
$65M
$27M
$448M
Apr '23
$229M
$40M
38.6%
29.2%
$55M
$28M
$367M
Jan '23
$211M
$14M
36.0%
26.5%
-$3M
$34M
$335M
Oct '22
$210M
$37M
38.2%
28.8%
$13M
$42M
$320M
Jul '22
$220M
$31M
38.1%
29.0%
$81M
$57M
$381M
May '22
$205M
$27M
34.3%
24.2%
$29M
$83M
$329M
Jan '22
$190M
$23M
31.5%
20.1%
$40M
$97M
$314M
Oct '21
$181M
$20M
28.7%
18.5%
$21M
$112M
$277M
Aug '21
$171M
$17M
26.6%
16.7%
$36M
$118M
$283M
Valuation over time
How the market has priced PLAB against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 8.3× (Mar '23) to 14.2× (Jun '26).
The price-to-sales ratio has risen from 1.2× (Mar '23) to 2.3× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is PLAB growing its revenue and profit?
Over the past 5 years, Photronics Inc's revenue has grown 6.9% per year, and net income grown 32.2% per year. These are computed facts, not advice.
How much debt does PLAB have?
As of FY2025, Photronics Inc reported — of total debt against $492M of cash.
What is PLAB's profit margin?
In FY2025, gross margin was 35.3%, operating margin 24.5%, and net margin 16.1%.
What is PLAB's P/E ratio?
As of Jun '26, Photronics Inc traded at a price-to-earnings ratio of about 14.2× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.