Cash flow Photronics, Inc.

Stocks

PLAB

US7194051022

Semiconductor Equipment & Testing

Market Closed - Nasdaq Other stock markets 00:00:00 08/08/2026 +04			5-day change	1st Jan Change
32.65 ^USD	+2.35%		+7.79%	+2.03%

06-30	Photronics, Inc.(NasdaqGS:PLAB) added to Russell Small Cap Comp Growth Benchmark	CI
06-29	Photronics, Inc.(NasdaqGS:PLAB) added to Russell 2500 Growth Benchmark	CI

20824ef1a4c379db.78I4xhFGvh5m2IVg4ZeWTLzvsfccnlJfNuW6Pq8PBk0.sKtS9UJ3y3ENitEqrqajE-vC064qs2tnf5P2UNl8Uh-n-w2uJA_OJ1_usQ

Published financial data: PHOTRONICS, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: October	2021	2022	2023	2024	2025
Revenues	664M	825M	892M	867M	849M
Total Revenues	664M	825M	892M	867M	849M
Cost of Goods Sold, Total	497M	530M	556M	551M	549M
Gross Profit	167M	294M	336M	316M	300M
Selling General & Admin Expenses, Total	57.52M	63.99M	69.46M	77.76M	75.62M
R&D Expenses	18.49M	18.34M	13.65M	16.58M	15.8M
Other Operating Expenses	-	-	-	92K	240K
Other Operating Expenses, Total	76.02M	82.33M	83.11M	94.43M	91.67M
Operating Income	91.03M	212M	253M	222M	208M
Interest Expense, Total	-1.68M	-1.86M	-433K	-334K	-55K
Interest And Investment Income	1.16M	1.68M	14.86M	24.06M	21.98M
Net Interest Expenses	-520K	-177K	14.43M	23.73M	21.92M
Income (Loss) On Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	7.97M	27.34M	2.47M	2.17M	-8.31M
EBT, Excl. Unusual Items	98.48M	239M	270M	247M	222M
Gain (Loss) On Sale Of Investments	-	-	-	-	9K
Gain (Loss) On Sale Of Assets	3.52M	-17K	-	-	-
EBT, Incl. Unusual Items	102M	239M	270M	247M	222M
Income Tax Expense	23.19M	59.79M	70.31M	63.57M	31.55M
Earnings From Continuing Operations	78.82M	179M	200M	184M	190M
Net Income to Company	78.82M	179M	200M	184M	190M
Minority Interest	-23.37M	-60.46M	-74.15M	-53.16M	-53.83M
Net Income - (IS)	55.45M	119M	125M	131M	136M
Net Income to Common Incl Extra Items	55.45M	119M	125M	131M	136M
Net Income to Common Excl. Extra Items	55.45M	119M	125M	131M	136M
Per Share Items
Net EPS - Basic	0.9	1.96	2.05	2.12	2.29
Basic EPS - Continuing Operations	0.9	1.96	2.05	2.12	2.29
Basic Weighted Average Shares Outstanding	61.41M	60.56M	61.14M	61.73M	59.61M
Net EPS - Diluted	0.89	1.94	2.03	2.09	2.28
Diluted EPS - Continuing Operations	0.89	1.94	2.03	2.09	2.28
Diluted Weighted Average Shares Outstanding	62M	61.19M	61.76M	62.39M	59.92M
Normalized Basic EPS	0.62	1.47	1.55	1.64	1.42
Normalized Diluted EPS	0.62	1.45	1.53	1.63	1.41
Supplemental Items
EBITDA	181M	292M	334M	304M	286M
EBITA	93.89M	212M	253M	222M	209M
EBIT	91.03M	212M	253M	222M	208M
EBITDAR	185M	296M	337M	308M	290M
Effective Tax Rate - (Ratio)	22.73	25.01	26.05	25.69	14.23
Current Domestic Taxes	4K	1K	14K	95K	60K
Current Foreign Taxes	25.3M	58.98M	71.22M	64.86M	48.66M
Total Current Taxes	25.3M	58.98M	71.24M	64.96M	48.72M
Deferred Domestic Taxes	103K	10K	12K	13K	-15.05M
Deferred Foreign Taxes	-2.21M	799K	-939K	-1.4M	-2.12M
Total Deferred Taxes	-2.11M	809K	-927K	-1.39M	-17.17M
Normalized Net Income	38.18M	88.95M	94.57M	101M	84.78M
Interest Capitalized	100K	2.8M	500K	-	-
Interest on Long-Term Debt	510K	522K	426K	330K	2K
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	18.49M	18.34M	13.65M	16.58M	15.8M
Net Rental Expense, Total	3.63M	3.32M	3.4M	4.12M	4.23M
Imputed Operating Lease Interest Expense	538K	1.52M	664K	410K	129K
Imputed Operating Lease Depreciation	3.1M	1.8M	2.73M	3.71M	4.1M
Stock-Based Comp., COGS (Total)	446K	868K	1.26M	2.7M	3.23M
Stock-Based Comp., R&D Exp. (Total)	456K	637K	780K	1.06M	1.2M
Stock-Based Comp., SG&A Exp. (Total)	4.45M	4.8M	5.96M	10.12M	8.95M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	5.35M	6.31M	8M	13.89M	13.39M

Fiscal Period: October	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	277M	320M	499M	598M	492M
Short Term Investments	-	38.82M	12.92M	42.18M	95.91M
Total Cash And Short Term Investments	277M	358M	512M	641M	588M
Accounts Receivable, Total	184M	214M	206M	212M	209M
Other Receivables	24.21M	2.71M	2.31M	7.68M	14M
Total Receivables	209M	217M	208M	220M	223M
Inventory	55.25M	50.75M	49.96M	56.53M	61.77M
Prepaid Expenses	8M	8.26M	10.03M	5.77M	8.5M
Other Current Assets, Total	2.18M	10.52M	5.03M	8.05M	9.02M
Total Current Assets	551M	645M	785M	931M	890M
Gross Property Plant And Equipment	2.23B	2.08B	2.22B	2.32B	2.5B
Accumulated Depreciation	-1.53B	-1.43B	-1.5B	-1.57B	-1.63B
Net Property Plant And Equipment	702M	647M	715M	750M	860M
Other Intangibles, Total	774K	-	-	-	-
Deferred Tax Assets Long-Term	24.35M	19.82M	21.3M	23.06M	40.21M
Other Long-Term Assets, Total	16.32M	4.15M	4.04M	7.67M	13.86M
Total Assets	1.29B	1.32B	1.53B	1.71B	1.8B
Liabilities
Accounts Payable, Total	81.53M	79.57M	84.02M	78.72M	84.21M
Accrued Expenses, Total	36.45M	43.4M	52M	45.95M	41.8M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	14.96M	3.51M	-	-	-
Current Portion of Leases	9.56M	7.87M	8.53M	19.9M	1.99M
Current Income Taxes Payable	15.6M	37.6M	24.08M	24.2M	21.09M
Unearned Revenue Current, Total	14.72M	18.87M	9.96M	12.38M	9.49M
Other Current Liabilities	3.33M	2.99M	6.62M	2.67M	7.29M
Total Current Liabilities	176M	194M	185M	184M	166M
Long-Term Debt	58.36M	7.74M	-	-	-
Long-Term Leases	34.33M	26.5M	22.22M	3.06M	3.97M
Unearned Revenue Non Current	5.2M	4.99M	12.45M	8.91M	5.04M
Pension & Other Post Retirement Benefits	-	-	-	12.99M	13.22M
Deferred Tax Liability Non Current	-	247K	235K	-	-
Other Non Current Liabilities	19.6M	20.47M	30.48M	22.52M	19.12M
Total Liabilities	294M	254M	251M	231M	207M
Common Stock, Total	600K	608K	613K	619K	576K
Additional Paid In Capital	485M	494M	502M	515M	487M
Retained Earnings	318M	436M	561M	692M	772M
Treasury Stock	-	-	-	-	-
Comprehensive Income and Other	20.57M	-98.46M	-88.73M	-86.32M	-86.12M
Total Common Equity	824M	832M	975M	1.12B	1.17B
Minority Interest	177M	231M	301M	360M	424M
Total Equity	1B	1.06B	1.28B	1.48B	1.6B
Total Liabilities And Equity	1.29B	1.32B	1.53B	1.71B	1.8B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	60.9M	61.74M	62.6M	63.34M	59.06M
ECS Total Common Shares Outstanding	60.02M	60.79M	61.31M	61.95M	57.63M
Book Value / Share	13.72	13.68	15.9	18.09	20.36
Tangible Book Value	823M	832M	975M	1.12B	1.17B
Tangible Book Value Per Share	13.71	13.68	15.9	18.09	20.36
Total Debt	117M	45.62M	30.75M	22.96M	5.96M
Net Debt	-159M	-313M	-481M	-618M	-582M
Debt Equivalent Oper. Leases	29.07M	26.6M	27.17M	32.98M	33.82M
Minority Interest, Total (Incl. Fin. Div)	177M	231M	301M	360M	424M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	54.02M	49.33M	48.95M	56.13M	60.15M
Inventories - Work In Process, Total	1.12M	1.41M	1.01M	398K	1.62M
Inventories - Finished Goods, Total	109K	19K	5K	1K	1K
Land - (BS)	12.44M	11.13M	11.38M	11.42M	12.24M
Buildings, Total	182M	168M	186M	189M	193M
Machinery, Total	1.93B	1.74B	1.9B	1.97B	2.13B
Full Time Employees	1.73K	1.83K	1.88K	1.88K	1.91K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	1.22M	1M	1.1M	1.13M	1.17M

Fiscal Period: October	2021	2022	2023	2024	2025
Net Income	55.45M	119M	125M	131M	136M
Depreciation & Amortization - CF	87.54M	79.97M	80.47M	82.43M	77.26M
Amortization of Goodwill and Intangible Assets - (CF)	2.86M	359K	362K	372K	347K
Depreciation & Amortization, Total	90.4M	80.33M	80.84M	82.8M	77.6M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	5.35M	6.31M	8M	13.89M	13.39M
Other Operating Activities, Total	21.26M	61.26M	73.22M	51.77M	36.66M
Change In Accounts Receivable	-36.62M	-51.23M	4.03M	-2.54M	6.31M
Change In Inventories	2.99M	-2.04M	1.24M	-6.15M	-4.94M
Change In Accounts Payable	25.43M	60.57M	-294K	-9.64M	-12.91M
Change in Other Net Operating Assets	-13.47M	1.2M	9.66M	628K	-4.72M
Cash from Operations	151M	275M	302M	261M	248M
Capital Expenditure	-109M	-112M	-131M	-131M	-188M
Cash Acquisitions	-	-	-	-	-
Sale (Purchase) of Intangible assets	-170K	-205K	-117K	-89K	-94K
Investment in Marketable and Equity Securities, Total	-	-38.85M	27.34M	-27.72M	-52.83M
Other Investing Activities, Total	5.78M	3.64M	2.52M	2.29M	2.16M
Cash from Investing	-103M	-148M	-102M	-156M	-239M
Long-Term Debt Issued, Total	20.86M	-	-	-	-
Total Debt Issued	20.86M	-	-	-	-
Long-Term Debt Repaid, Total	-20.35M	-65.44M	-18.44M	-6.62M	-17.97M
Total Debt Repaid	-20.35M	-65.44M	-18.44M	-6.62M	-17.97M
Issuance of Common Stock	3.87M	5.75M	1.25M	1.92M	2.23M
Repurchase of Common Stock	-48.25M	-2.52M	-	-	-97.42M
Other Financing Activities, Total	-10.03M	23.52M	-1.3M	-3.02M	-2.09M
Cash from Financing	-53.9M	-38.69M	-18.49M	-7.73M	-115M
Foreign Exchange Rate Adjustments	4.7M	-46.01M	-2.68M	2.13M	228K
Net Change in Cash	-1.92M	42.73M	179M	99.38M	-106M
Supplemental Items
Cash Interest Paid	3.7M	2.8M	500K	300K	100K
Cash Income Tax Paid (Refund)	22M	37.38M	69.88M	60M	60.02M
Levered Free Cash Flow	14.38M	124M	122M	73.98M	21.31M
Unlevered Free Cash Flow	15.44M	125M	123M	74.19M	21.34M
Change In Net Working Capital	27.93M	-18.59M	-7.18M	29.93M	11.52M
Net Debt Issued / Repaid	506K	-65.44M	-18.44M	-6.62M	-17.97M

Fiscal Period: October	2021	2022	2023	2024	2025
Profitability
Return on Assets	4.58	10.15	11.13	8.55	7.4
Return on Total Capital	5.28	11.9	13.1	9.85	8.37
Return On Equity %	8.03	17.38	17.08	13.34	12.36
Return on Common Equity	6.81	14.35	13.89	12.47	11.89
Margin Analysis
Gross Profit Margin %	25.17	35.68	37.68	36.44	35.3
SG&A Margin	8.67	7.76	7.79	8.97	8.9
EBITDA Margin %	27.33	35.44	37.43	35.1	33.65
EBITA Margin %	14.15	25.74	28.41	25.59	24.55
EBIT Margin %	13.71	25.7	28.37	25.55	24.51
Income From Continuing Operations Margin %	11.87	21.74	22.38	21.21	22.4
Net Income Margin %	8.35	14.41	14.07	15.07	16.06
Net Avail. For Common Margin %	8.35	14.41	14.07	15.07	16.06
Normalized Net Income Margin	5.75	10.79	10.6	11.7	9.98
Levered Free Cash Flow Margin	2.17	15.03	13.73	8.53	2.51
Unlevered Free Cash Flow Margin	2.33	15.17	13.76	8.56	2.51
Asset Turnover
Asset Turnover	0.53	0.63	0.63	0.54	0.48
Fixed Assets Turnover	0.99	1.22	1.31	1.18	1.05
Receivables Turnover (Average Receivables)	4.08	4.14	4.25	4.15	4.04
Inventory Turnover (Average Inventory)	8.83	10.01	11.04	10.35	9.29
Short Term Liquidity
Current Ratio	3.13	3.33	4.24	5.07	5.37
Quick Ratio	2.75	2.97	3.89	4.68	4.89
Operating Cash Flow to Current Liabilities	0.86	1.42	1.63	1.42	1.49
Days Sales Outstanding (Average Receivables)	89.38	88.14	85.88	88.29	90.46
Days Outstanding Inventory (Average Inventory)	41.34	36.48	33.06	35.37	39.29
Average Days Payable Outstanding	57.89	55.91	53.78	53.41	53.6
Cash Conversion Cycle (Average Days)	72.84	68.7	65.17	70.25	76.14
Long Term Solvency
Total Debt/Equity	11.71	4.29	2.41	1.55	0.37
Total Debt / Total Capital	10.49	4.12	2.35	1.53	0.37
LT Debt/Equity	9.26	3.22	1.74	0.21	0.25
Long-Term Debt / Total Capital	8.29	3.09	1.7	0.2	0.25
Total Liabilities / Total Assets	22.69	19.28	16.42	13.51	11.48
EBIT / Interest Expense	54.02	114.1	584.41	663.23	3.78K
EBITDA / Interest Expense	109.83	159.15	778.94	923.49	5.27K
(EBITDA - Capex) / Interest Expense	45.08	98.65	475.72	531.45	1.85K
Total Debt / EBITDA	0.63	0.15	0.09	0.07	0.02
Net Debt / EBITDA	-0.86	-1.06	-1.43	-2	-2.01
Total Debt / (EBITDA - Capex)	1.54	0.25	0.15	0.13	0.06
Net Debt / (EBITDA - Capex)	-2.1	-1.71	-2.34	-3.48	-5.72
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	8.87	24.22	8.19	-2.82	-2.04
Gross Profit, 1 Yr. Growth %	24.05	76.13	14.26	-6.01	-5.1
EBITDA, 1 Yr. Growth %	15.01	61.07	14.27	-8.85	-6.1
EBITA, 1 Yr. Growth %	36.92	126.05	19.41	-12.44	-6.03
EBIT, 1 Yr. Growth %	42.39	132.76	19.44	-12.46	-6.03
Earnings From Cont. Operations, 1 Yr. Growth %	95.36	127.42	11.38	-7.91	3.47
Net Income, 1 Yr. Growth %	63.95	114.23	5.64	4.15	4.37
Normalized Net Income, 1 Yr. Growth %	19.41	132.95	6.33	7.31	-16.45
Diluted EPS Before Extra, 1 Yr. Growth %	71.15	117.98	4.64	2.96	9.09
Accounts Receivable, 1 Yr. Growth %	30.91	16.06	-3.73	3.13	-1.78
Inventory, 1 Yr. Growth %	-3.53	-8.14	-1.56	13.14	9.27
Net Property, Plant and Equip., 1 Yr. Growth %	9.85	-7.82	10.54	4.87	14.68
Total Assets, 1 Yr. Growth %	8.92	1.67	15.99	12.18	5.4
Tangible Book Value, 1 Yr. Growth %	2.67	0.95	17.26	14.96	4.7
Common Equity, 1 Yr. Growth %	2.33	0.95	17.26	14.96	4.7
Cash From Operations, 1 Yr. Growth %	5.4	82.52	9.81	-13.48	-5.22
Capital Expenditures, 1 Yr. Growth %	54.06	2.97	16.87	-0.27	43.68
Levered Free Cash Flow, 1 Yr. Growth %	-72.22	761.7	-1.17	-39.6	-71.2
Unlevered Free Cash Flow, 1 Yr. Growth %	-71.01	710.44	-1.87	-39.57	-71.23
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	9.79	16.29	15.93	2.54	-2.43
Gross Profit, 2 Yr. CAGR %	17.57	47.82	41.86	3.63	-5.56
EBITDA, 2 Yr. CAGR %	15.5	36.11	34.36	2.05	-7.49
EBITA, 2 Yr. CAGR %	28.61	75.93	61.29	2.25	-9.29
EBIT, 2 Yr. CAGR %	32.15	82.05	63.59	2.25	-9.3
Earnings From Cont. Operations, 2 Yr. CAGR %	39.52	110.78	59.15	1.28	-2.38
Net Income, 2 Yr. CAGR %	36.42	87.41	50.44	4.89	4.26
Normalized Net Income, 2 Yr. CAGR %	34.87	66.78	53.02	6.81	-5.32
Diluted EPS Before Extra, 2 Yr. CAGR %	41.73	93.15	51.03	3.79	5.98
Accounts Receivable, 2 Yr. CAGR %	13.91	23.26	5.7	-0.36	0.65
Inventory, 2 Yr. CAGR %	7.11	-5.86	-4.9	5.54	11.19
Net Property, Plant and Equip., 2 Yr. CAGR %	5.37	0.63	0.94	7.67	9.67
Total Assets, 2 Yr. CAGR %	7.56	5.23	8.59	14.07	8.74
Tangible Book Value, 2 Yr. CAGR %	3.92	1.85	8.8	16.1	9.71
Common Equity, 2 Yr. CAGR %	3.44	1.64	8.8	16.1	9.71
Cash From Operations, 2 Yr. CAGR %	48.48	38.7	41.57	-2.53	-9.44
Capital Expenditures, 2 Yr. CAGR %	-21.79	25.95	9.7	7.96	19.71
Levered Free Cash Flow, 2 Yr. CAGR %	-61.94	54.73	171.75	-22.74	-58.29
Unlevered Free Cash Flow, 2 Yr. CAGR %	-60.4	53.28	163.8	-22.99	-58.3
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	7.43	14.4	13.53	9.31	0.99
Gross Profit, 3 Yr. CAGR %	8.3	34.53	35.66	23.67	0.63
EBITDA, 3 Yr. CAGR %	6.56	29.04	28.4	18.06	-0.74
EBITA, 3 Yr. CAGR %	10.06	55.21	54.61	31.57	-0.59
EBIT, 3 Yr. CAGR %	11.52	59.6	58.19	32.81	-0.59
Earnings From Cont. Operations, 3 Yr. CAGR %	8.78	64.2	70.41	32.62	2
Net Income, 3 Yr. CAGR %	9.65	58.57	54.81	33.08	4.72
Normalized Net Income, 3 Yr. CAGR %	17.27	61.82	43.54	35.95	-1.58
Diluted EPS Before Extra, 3 Yr. CAGR %	14.76	63.6	57.46	32.92	5.53
Accounts Receivable, 3 Yr. CAGR %	15.21	14.62	13.51	4.84	-0.83
Inventory, 3 Yr. CAGR %	23.71	1.77	-4.45	0.77	6.77
Net Property, Plant and Equip., 3 Yr. CAGR %	7.09	0.77	3.83	2.23	9.96
Total Assets, 3 Yr. CAGR %	5.25	5.56	8.7	9.78	11.1
Tangible Book Value, 3 Yr. CAGR %	3.26	2.95	6.75	10.81	12.17
Common Equity, 3 Yr. CAGR %	2.73	2.6	6.6	10.81	12.17
Cash From Operations, 3 Yr. CAGR %	4.91	59.06	28.31	20.14	-3.43
Capital Expenditures, 3 Yr. CAGR %	5.62	-14.28	22.85	6.27	18.75
Levered Free Cash Flow, 3 Yr. CAGR %	-37.33	7.67	33.25	64.61	-44.4
Unlevered Free Cash Flow, 3 Yr. CAGR %	-36.35	8.33	32.1	61.41	-44.54
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	6.54	12.84	10.76	9.5	6.85
Gross Profit, 5 Yr. CAGR %	7.07	26.36	20.65	21.19	17.36
EBITDA, 5 Yr. CAGR %	6.11	19.8	17.36	17.48	12.62
EBITA, 5 Yr. CAGR %	10.39	42.01	29.19	31.35	24.91
EBIT, 5 Yr. CAGR %	11.65	46.07	30.99	33.56	26.63
Earnings From Cont. Operations, 5 Yr. CAGR %	7.2	53.13	26.66	35.34	36.37
Net Income, 5 Yr. CAGR %	3.72	55.35	24.44	34.41	32.17
Normalized Net Income, 5 Yr. CAGR %	10.93	60.15	31.91	37.05	21.53
Diluted EPS Before Extra, 5 Yr. CAGR %	6.7	59.24	28.09	36.38	34.4
Accounts Receivable, 5 Yr. CAGR %	14.75	15.22	11.31	8.37	8.18
Inventory, 5 Yr. CAGR %	20.13	16.45	11.36	3.26	1.52
Net Property, Plant and Equip., 5 Yr. CAGR %	6.75	3.87	4.58	3.48	6.12
Total Assets, 5 Yr. CAGR %	5.55	5.21	6.58	8.88	8.72
Tangible Book Value, 5 Yr. CAGR %	3.57	2.71	5.46	8.02	7.92
Common Equity, 5 Yr. CAGR %	3	2.23	5.12	7.8	7.83
Cash From Operations, 5 Yr. CAGR %	4.3	23.23	18.27	30.76	11.62
Capital Expenditures, 5 Yr. CAGR %	16.82	4.08	7.24	-6	21.58
Levered Free Cash Flow, 5 Yr. CAGR %	-19.77	103.19	15.95	-5.72	-16.27
Unlevered Free Cash Flow, 5 Yr. CAGR %	-19.25	90.59	15.45	-5.5	-16.71