Photronics, Inc. (PLAB) 10-Year Financial Performance & Capital Metrics

PLAB • • Industrial / General

TechnologySemiconductorsSemiconductor Materials & SubstratesWafer & Substrate Materials

AboutPhotronics, Inc., together with its subsidiaries, engages in the manufacture and sale of photomask products and services in the United States, Taiwan, Korea, Europe, China, and internationally. The company offers photomasks that are used in the manufacture of integrated circuits and flat panel displays (FPDs); and to transfer circuit patterns onto semiconductor wafers, FDP substrates, and other types of electrical and optical components. It sells its products to semiconductor and FPD manufacturers, designers, and foundries, as well as to other high-performance electronics manufacturers through its sales personnel and customer service representatives. The company was formerly known as Photronic Labs, Inc. and changed its name to Photronics, Inc. in 1990. Photronics, Inc. was incorporated in 1969 and is based in Brookfield, Connecticut.Show more

Revenue $867M -2.8%
EBITDA $304M -8.9%
Net Income $131M +4.1%
EPS (Diluted) 2.09 +3.0%
Gross Margin 36.44% -3.3%
EBITDA Margin 35.1% -6.2%
Operating Margin 25.55% -9.9%
Net Margin 15.07% +7.2%
ROE 9.48% -11.7%
ROIC 19.45% -18.6%
Debt/Equity 0.02 -25.5%
Interest Coverage 663.23 +13.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong 5Y profit CAGR of 26.4%
✓FCF machine: 15.1% free cash flow margin
✓Momentum leader: RS Rating 90 (top 10%)
✓High quality earnings: Operating CF exceeds net income
✓Healthy 5Y average net margin of 13.7%

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y6.65%

5Y9.5%

3Y9.31%

TTM-1.79%

Profit (Net Income) CAGR

10Y17.53%

5Y26.41%

3Y18.36%

TTM-23.3%

EPS CAGR

10Y17.69%

5Y28.78%

3Y18.06%

TTM-22.03%

ROCE

10Y Avg9.1%

5Y Avg12.14%

3Y Avg18.3%

Latest15.44%

Peer Comparison

Wafer & Substrate Materials

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PLABPhotronics, Inc.	2.02B	34.22	16.37	-2.82%	12.67%	7.05%	6.46%	0.02
WOLFWolfspeed, Inc.	515.78M	19.92	-1.75	-6.14%	-259.39%	-7.4%
DQDaqo New Energy Corp.	1.72B	25.59	-4.92	-55.41%	-53.73%	-5.88%		0.00
AXTIAXT, Inc.	1.39B	25.72	-95.26	31.09%	-25.22%	-9.48%		0.20

Profit & Loss

	Oct 2015	Oct 2016	Oct 2017	Oct 2018	Oct 2019	Oct 2020	Oct 2021	Oct 2022	Oct 2023	Oct 2024
Sales/Revenue+	524.21M	483.46M	450.68M	535.28M	550.66M	609.69M	663.76M	824.55M	892.08M	866.95M
Revenue Growth %	0.15%	-0.08%	-0.07%	0.19%	0.03%	0.11%	0.09%	0.24%	0.08%	-0.03%
Cost of Goods Sold+	381.07M	364.75M	359.36M	403.77M	429.82M	475.04M	496.72M	530.34M	555.91M	551M
COGS % of Revenue	0.73%	0.75%	0.8%	0.75%	0.78%	0.78%	0.75%	0.64%	0.62%	0.64%
Gross Profit+	143.14M	118.71M	91.31M	131.5M	120.84M	134.65M	167.04M	294.21M	336.16M	315.95M
Gross Margin %	0.27%	0.25%	0.2%	0.25%	0.22%	0.22%	0.25%	0.36%	0.38%	0.36%
Gross Profit Growth %	0.43%	-0.17%	-0.23%	0.44%	-0.08%	0.11%	0.24%	0.76%	0.14%	-0.06%
Operating Expenses+	70.9M	66.23M	59.45M	65.88M	68.72M	70.73M	72.49M	82.35M	83.11M	94.43M
OpEx % of Revenue	0.14%	0.14%	0.13%	0.12%	0.12%	0.12%	0.11%	0.1%	0.09%	0.11%
Selling, General & Admin	48.98M	44.58M	43.59M	51.4M	52.33M	53.58M	57.52M	63.99M	69.46M	77.76M
SG&A % of Revenue	0.09%	0.09%	0.1%	0.1%	0.1%	0.09%	0.09%	0.08%	0.08%	0.09%
Research & Development	21.92M	21.65M	15.86M	14.48M	16.39M	17.14M	18.49M	18.34M	13.65M	16.58M
R&D % of Revenue	0.04%	0.04%	0.04%	0.03%	0.03%	0.03%	0.03%	0.02%	0.02%	0.02%
Other Operating Expenses	0	0	0	0	0	0	-3.52M	17K	0	92K
Operating Income+	72.23M	52.48M	31.87M	65.63M	52.12M	-29.89M	94.55M	211.87M	253.05M	221.52M
Operating Margin %	0.14%	0.11%	0.07%	0.12%	0.09%	-0.05%	0.14%	0.26%	0.28%	0.26%
Operating Income Growth %	1.51%	-0.27%	-0.39%	1.06%	-0.21%	-1.57%	4.16%	1.24%	0.19%	-0.12%
EBITDA+	154.65M	135.32M	118.44M	149.96M	136M	63.93M	184.95M	292.2M	333.88M	304.32M
EBITDA Margin %	0.3%	0.28%	0.26%	0.28%	0.25%	0.1%	0.28%	0.35%	0.37%	0.35%
EBITDA Growth %	0.42%	-0.12%	-0.12%	0.27%	-0.09%	-0.53%	1.89%	0.58%	0.14%	-0.09%
D&A (Non-Cash Add-back)	82.41M	82.84M	86.57M	84.33M	83.88M	93.81M	90.4M	80.33M	80.83M	82.81M
EBIT	75.03M	63.84M	31.87M	70.83M	52.13M	63.97M	103.69M	240.89M	270.38M	247.75M
Net Interest Income+	-2.19M	-941K	-5.3M	2.57M	-154K	-1.83M	-520K	-177K	14.43M	23.73M
Interest Income	2.8M	2.42M	0	4.83M	1.27M	541K	1.17M	1.68M	14.86M	24.06M
Interest Expense	4.99M	3.37M	5.3M	2.26M	1.43M	2.37M	1.69M	1.86M	433K	334K
Other Income/Expense	-2.19M	8M	-5.3M	2.94M	-1.42M	-2.33M	7.45M	27.17M	16.9M	25.9M
Pretax Income+	70.04M	60.47M	26.57M	68.57M	50.7M	61.6M	102.01M	239.03M	269.95M	247.41M
Pretax Margin %	0.13%	0.13%	0.06%	0.13%	0.09%	0.1%	0.15%	0.29%	0.3%	0.29%
Income Tax+	13.18M	4.8M	5.28M	7.33M	10.21M	21.26M	23.19M	59.79M	70.31M	63.57M
Effective Tax Rate %	0.64%	0.76%	0.49%	0.61%	0.8%	0.55%	0.77%	0.75%	0.46%	0.53%
Net Income+	44.63M	46.2M	13.13M	42.05M	40.49M	33.82M	78.82M	179.24M	125.48M	130.69M
Net Margin %	0.09%	0.1%	0.03%	0.08%	0.07%	0.06%	0.12%	0.22%	0.14%	0.15%
Net Income Growth %	0.72%	0.04%	-0.72%	2.2%	-0.04%	-0.16%	1.33%	1.27%	-0.3%	0.04%
Net Income (Continuing)	56.86M	55.68M	21.29M	61.24M	40.49M	40.34M	78.82M	179.24M	199.63M	183.85M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	115.51M	115.11M	120.73M	144.9M	141.2M	157.3M	176.87M	230.56M	300.6M	359.89M
EPS (Diluted)+	0.63	0.64	0.19	0.56	0.59	0.52	1.27	2.93	2.03	2.09
EPS Growth %	0.54%	0.02%	-0.7%	1.95%	0.05%	-0.12%	1.44%	1.31%	-0.31%	0.03%
EPS (Basic)	0.67	0.68	0.19	0.59	0.61	0.52	1.28	2.96	2.05	2.12
Diluted Shares Outstanding	78.38M	76.35M	69.29M	74.82M	69.16M	65.47M	62M	61.19M	61.76M	62.39M
Basic Shares Outstanding	66.33M	67.54M	68.44M	71.43M	66.35M	64.87M	61.41M	60.56M	61.14M	61.73M
Dividend Payout Ratio	-	-	-	-	-	0.48%	-	-	-	-

Balance Sheet

	Oct 2015	Oct 2016	Oct 2017	Oct 2018	Oct 2019	Oct 2020	Oct 2021	Oct 2022	Oct 2023	Oct 2024
Total Current Assets+	364.11M	441.59M	449.12M	502.73M	438.77M	500.14M	550.62M	644.65M	785.45M	931.06M
Cash & Short-Term Investments	205.87M	314.07M	308.02M	329.28M	206.53M	278.67M	276.67M	358.5M	512.21M	640.67M
Cash Only	205.87M	314.07M	308.02M	329.28M	206.53M	278.67M	276.67M	319.68M	499.29M	598.49M
Short-Term Investments	0	0	0	0	0	0	0	38.82M	12.91M	42.18M
Accounts Receivable	110.06M	92.64M	105.32M	120.52M	142.05M	163.47M	208.52M	216.61M	208.22M	215.05M
Days Sales Outstanding	76.63	69.94	85.3	82.18	94.16	97.87	114.66	95.89	85.2	90.54
Inventory	24.16M	22.08M	23.7M	29.18M	48.16M	57.27M	55.25M	50.75M	49.96M	56.53M
Days Inventory Outstanding	23.14	22.1	24.07	26.38	40.89	44	40.6	34.93	32.8	37.45
Other Current Assets	24.03M	12.79M	12.08M	23.76M	5.15M	608K	629K	814K	2.54M	18.82M
Total Non-Current Assets+	681.44M	546.68M	571.67M	607.28M	679.89M	688.04M	743.59M	671.18M	740.77M	781M
Property, Plant & Equipment	547.28M	506.43M	535.2M	571.78M	621.2M	631.48M	696.55M	643.87M	715.43M	745.26M
Fixed Asset Turnover	0.96x	0.95x	0.84x	0.94x	0.89x	0.97x	0.95x	1.28x	1.25x	1.16x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	24.62M	19.85M	17.12M	12.37M	7.87M	3.44M	774K	0	0	0
Long-Term Investments	93.02M	-16.32M	-15.48M	-18.11M	-20.78M	2.9M	-24.35M	2.73M	0	0
Other Non-Current Assets	4.61M	20.39M	19.35M	23.13M	50.83M	28.16M	46.26M	7.49M	4.04M	12.68M
Total Assets+	1.05B	988.27M	1.02B	1.11B	1.12B	1.19B	1.29B	1.32B	1.53B	1.71B
Asset Turnover	0.50x	0.49x	0.44x	0.48x	0.49x	0.51x	0.51x	0.63x	0.58x	0.51x
Asset Growth %	0.02%	-0.05%	0.03%	0.09%	0.01%	0.06%	0.09%	0.02%	0.16%	0.12%
Total Current Liabilities+	192.69M	81.32M	81.78M	191.08M	151.95M	142.94M	176.15M	193.8M	185.22M	183.81M
Accounts Payable	79.14M	48.91M	42.47M	55.47M	70.42M	58.45M	81.53M	79.57M	84.02M	78.72M
Days Payables Outstanding	75.81	48.94	43.13	50.14	59.8	44.91	59.91	54.76	55.17	52.14
Short-Term Debt	65.5M	5.43M	4.64M	57.45M	10.87M	13.68M	14.96M	3.51M	0	0
Deferred Revenue (Current)	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	14K	40K	19.37M	40.91M	28.12M	30.85M	17.15M	13.32M	21.4M	26.87M
Current Ratio	1.89x	5.43x	5.49x	2.63x	2.89x	3.50x	3.13x	3.33x	4.24x	5.07x
Quick Ratio	1.76x	5.16x	5.20x	2.48x	2.57x	3.10x	2.81x	3.06x	3.97x	4.76x
Cash Conversion Cycle	23.96	43.09	66.24	58.42	75.25	96.96	95.35	76.06	62.83	75.84
Total Non-Current Liabilities+	90.8M	81.48M	73.72M	14.36M	55.62M	82.98M	117.49M	59.94M	65.39M	47.49M
Long-Term Debt	67.12M	61.86M	57.34M	0	41.89M	54.98M	58.36M	7.74M	0	0
Capital Lease Obligations	0	0	0	0	0	0	31.08M	24.57M	18M	3.06M
Deferred Tax Liabilities	4.39M	1.49M	2.05M	643K	1.9M	2M	3.8M	5.6M	0	0
Other Non-Current Liabilities	23.68M	17.85M	14.34M	13.72M	13.73M	28M	28.05M	27.63M	47.39M	35.52M
Total Liabilities	283.49M	162.79M	155.5M	205.44M	207.57M	225.92M	293.64M	253.74M	250.61M	231.3M
Total Debt+	132.62M	67.57M	61.98M	57.45M	52.76M	70.83M	111.69M	42.33M	26.53M	22.96M
Net Debt	-73.25M	-246.51M	-246.04M	-271.82M	-153.77M	-207.83M	-164.98M	-277.35M	-472.76M	-575.53M
Debt / Equity	0.17x	0.08x	0.07x	0.06x	0.06x	0.07x	0.11x	0.04x	0.02x	0.02x
Debt / EBITDA	0.86x	0.50x	0.52x	0.38x	0.39x	1.11x	0.60x	0.14x	0.08x	0.08x
Net Debt / EBITDA	-0.47x	-1.82x	-2.08x	-1.81x	-1.13x	-3.25x	-0.89x	-0.95x	-1.42x	-1.89x
Interest Coverage	14.48x	15.59x	6.01x	29.01x	36.58x	-12.63x	56.12x	114.09x	584.41x	663.23x
Total Equity+	762.07M	825.47M	865.29M	904.57M	911.09M	962.27M	1B	1.06B	1.28B	1.48B
Equity Growth %	0.03%	0.08%	0.05%	0.05%	0.01%	0.06%	0.04%	0.06%	0.2%	0.16%
Book Value per Share	9.72	10.81	12.49	12.09	13.17	14.70	16.14	17.36	20.66	23.73
Total Shareholders' Equity	646.55M	710.36M	744.56M	759.67M	769.89M	804.96M	823.69M	831.53M	975.01M	1.12B
Common Stock	666K	681K	687K	697K	656K	631K	600K	608K	613K	619K
Retained Earnings	130.06M	176.26M	189.39M	231.44M	253.92M	279.04M	317.85M	435.63M	561.12M	691.81M
Treasury Stock	0	0	0	-23.11M	0	0	0	0	0	0
Accumulated OCI	-10.57M	-7.67M	6.89M	-4.97M	-9.01M	17.96M	20.57M	-98.46M	-88.73M	-86.32M
Minority Interest	115.51M	115.11M	120.73M	144.9M	141.2M	157.3M	176.87M	230.56M	300.6M	359.89M

Cash Flow

	Oct 2015	Oct 2016	Oct 2017	Oct 2018	Oct 2019	Oct 2020	Oct 2021	Oct 2022	Oct 2023	Oct 2024
Cash from Operations+	133.19M	122.14M	96.83M	130.57M	71.84M	143.05M	150.77M	275.19M	302.18M	261.44M
Operating CF Margin %	0.25%	0.25%	0.21%	0.24%	0.13%	0.23%	0.23%	0.33%	0.34%	0.3%
Operating CF Growth %	0.38%	-0.08%	-0.21%	0.35%	-0.45%	0.99%	0.05%	0.83%	0.1%	-0.13%
Net Income	56.86M	55.68M	21.29M	61.24M	40.49M	40.34M	78.82M	179.24M	199.63M	183.85M
Depreciation & Amortization	82.41M	82.84M	86.57M	84.33M	83.88M	93.81M	90.4M	80.33M	80.83M	82.81M
Stock-Based Compensation	3.69M	3.83M	3.63M	3.18M	3.68M	4.93M	5.35M	6.31M	8M	13.89M
Deferred Taxes	3.4M	-3.82M	1.63M	-273K	-3.66M	-445K	-2.11M	809K	-927K	-1.39M
Other Non-Cash Items	-7.09M	-8.95M	-5.26M	-2.91M	3.66M	202.52M	2.11M	-809K	0	0
Working Capital Changes	-6.08M	-7.44M	-11.03M	-15M	-56.21M	4.41M	-23.79M	9.31M	14.63M	-17.71M
Change in Receivables	-21.82M	18.81M	-9.63M	-18.55M	-12.32M	6.99M	-36.62M	-51.23M	4.03M	-2.54M
Change in Inventory	-2.89M	2.27M	-602K	-6.16M	-23.09M	-6.94M	2.99M	-2.04M	1.24M	-6.15M
Change in Payables	14.1M	-36.46M	-7.19M	18.54M	-11.96M	-3.49M	25.43M	60.57M	-294K	-9.64M
Cash from Investing+	-104.31M	52.29M	-98.07M	-90.73M	-154.86M	-65.71M	-103.49M	-147.76M	-101.55M	-156.47M
Capital Expenditures	-104.03M	-50.15M	-91.97M	-92.58M	-177.19M	-70.97M	-109.27M	-112.34M	-131.29M	-130.94M
CapEx % of Revenue	0.2%	0.1%	0.2%	0.17%	0.32%	0.12%	0.16%	0.14%	0.15%	0.15%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-272K	584K	-868K	1.86M	-7.06M	-12.33M	5.78M	3.44M	2.4M	2.2M
Cash from Financing+	-7.1M	-67.02M	-10.93M	-13.8M	-42.06M	-16.01M	-53.9M	-38.69M	-18.49M	-7.73M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	-11.89M	-8.3M	-8.17M	-45.05M	-16.15M	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	2.47M	-9.41M	-5.5M	9.31M	-13.68M	5.44M	-6.16M	29.27M	-54K	-3.02M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	29.16M	71.99M	4.87M	37.98M	-105.35M	72.07M	41.5M	162.85M	170.88M	130.5M
FCF Margin %	0.06%	0.15%	0.01%	0.07%	-0.19%	0.12%	0.06%	0.2%	0.19%	0.15%
FCF Growth %	4.53%	1.47%	-0.93%	6.8%	-3.77%	1.68%	-0.42%	2.92%	0.05%	-0.24%
FCF per Share	0.37	0.94	0.07	0.51	-1.52	1.10	0.67	2.66	2.77	2.09
FCF Conversion (FCF/Net Income)	2.98x	2.64x	7.37x	3.10x	1.77x	4.23x	1.91x	1.54x	2.41x	2.00x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	5.94%	5.82%	1.55%	4.75%	4.46%	3.61%	8.03%	17.38%	10.74%	9.48%
Return on Invested Capital (ROIC)	7.87%	6.21%	3.99%	7.86%	5.62%	-2.97%	8.92%	19.61%	23.91%	19.45%
Gross Margin	27.31%	24.55%	20.26%	24.57%	21.94%	22.09%	25.17%	35.68%	37.68%	36.44%
Net Margin	8.51%	9.56%	2.91%	7.86%	7.35%	5.55%	11.87%	21.74%	14.07%	15.07%
Debt / Equity	0.17x	0.08x	0.07x	0.06x	0.06x	0.07x	0.11x	0.04x	0.02x	0.02x
Interest Coverage	14.48x	15.59x	6.01x	29.01x	36.58x	-12.63x	56.12x	114.09x	584.41x	663.23x
FCF Conversion	2.98x	2.64x	7.37x	3.10x	1.77x	4.23x	1.91x	1.54x	2.41x	2.00x
Revenue Growth	15.08%	-7.77%	-6.78%	18.77%	2.87%	10.72%	8.87%	24.22%	8.19%	-2.82%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Mainstream Integrated Circuits	-	-	-	-	249.77M	262.28M	297.2M	397.69M	456.34M	409.68M
Mainstream Integrated Circuits Growth	-	-	-	-	-	5.01%	13.31%	33.81%	14.75%	-10.22%
High-end Integrated Circuits	-	-	-	-	156.42M	156.13M	162.97M	195.33M	194.94M	228.47M
High-end Integrated Circuits Growth	-	-	-	-	-	-0.18%	4.38%	19.86%	-0.20%	17.20%
High-end Flat Panel Displays	-	-	-	-	98.83M	139.56M	155.67M	186.99M	200.84M	195.37M
High-end Flat Panel Displays Growth	-	-	-	-	-	41.21%	11.55%	20.12%	7.41%	-2.73%
Mainstream Flat Panel Displays	-	-	-	-	45.64M	51.72M	47.92M	44.53M	39.95M	33.43M
Mainstream Flat Panel Displays Growth	-	-	-	-	-	13.34%	-7.35%	-7.06%	-10.28%	-16.33%
Integrated Circuits	420.83M	364.53M	350.26M	416.06M	-	-	-	-	-	-
Integrated Circuits Growth	-	-13.38%	-3.91%	18.79%	-	-	-	-	-	-
Flat Panel Displays	103.37M	118.92M	100.42M	119.21M	-	-	-	-	-	-
Flat Panel Displays Growth	-	15.04%	-15.56%	18.72%	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Taiwan	205.14M	193.22M	187.82M	237.04M	244.38M	239.1M	248.6M	291.34M	316.89M	288.27M
Taiwan Growth	-	-5.81%	-2.79%	26.21%	3.10%	-2.16%	3.97%	17.19%	8.77%	-9.03%
China	-	-	-	-	19.01M	79.37M	115.73M	212.6M	245.38M	232.94M
China Growth	-	-	-	-	-	317.54%	45.81%	83.70%	15.42%	-5.07%
Korea	147.92M	141.02M	122.17M	147.07M	147.73M	153.05M	156.39M	156.14M	162.24M	158.02M
Korea Growth	-	-4.67%	-13.37%	20.38%	0.45%	3.60%	2.18%	-0.16%	3.90%	-2.60%
United States	132.79M	113.67M	102.04M	112.65M	105.05M	104.95M	105.02M	126.2M	128.88M	146.65M
United States Growth	-	-14.40%	-10.23%	10.40%	-6.75%	-0.09%	0.07%	20.17%	2.12%	13.79%
Europe	35.79M	33.38M	36.08M	35.54M	32.59M	31.5M	36.24M	36.4M	36.58M	39.24M
Europe Growth	-	-6.73%	8.08%	-1.50%	-8.31%	-3.33%	15.05%	0.44%	0.49%	7.29%
Other	-	-	-	-	-	-	1.78M	1.86M	2.12M	1.82M
Other Growth	-	-	-	-	-	-	-	4.90%	13.58%	-14.13%
All Other Asia	2.56M	2.17M	2.57M	2.98M	1.91M	1.71M	-	-	-	-
All Other Asia Growth	-	-15.27%	18.67%	15.89%	-36.00%	-10.21%	-	-	-	-

Frequently Asked Questions

Valuation & Price

Photronics, Inc. (PLAB) has a price-to-earnings (P/E) ratio of 16.4x. This is roughly in line with market averages.

Growth & Financials

Photronics, Inc. (PLAB) reported $856.2M in revenue for fiscal year 2024. This represents a 67% increase from $512.0M in 2011.

Photronics, Inc. (PLAB) saw revenue decline by 2.8% over the past year.

Yes, Photronics, Inc. (PLAB) is profitable, generating $108.5M in net income for fiscal year 2024 (15.1% net margin).

Dividend & Returns

Photronics, Inc. (PLAB) has a return on equity (ROE) of 9.5%. This is below average, suggesting room for improvement.

Photronics, Inc. (PLAB) generated $64.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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