
Photronics Income Statement 2025-2008 | PLAB
Brief overview of profit and loss at Photronics
The comparison covers a five-year financial horizon. Revenue reported by Photronics was 610 million dollars at the beginning of the period and 849 million dollars at the end. Overall revenue changed by +39.3%, equal to an annualized rate of about 6.9%. Revenue advanced gradually over the five-year period.
Gross profit changed from 135 million dollars to 300 million dollars (+122.7%). Cost of revenue developed more favorably than sales, supporting gross profitability. Gross profit as a share of revenue changed from 22.1% to 35.3%. The business retained more gross profit from each unit of revenue.
The operating result measured by EBITDA moved from $153 million to $285 million, or +86.4%. The operating result outpaced sales and points to improving efficiency. At the operating-margin level, the figure shifted from 25.1% to 33.6%. The business generated more EBITDA from each unit of revenue.
The net result moved from 33.8 million dollars to 136 million dollars, or +303.3%. The period finished with its strongest net-income result.
Financial takeaway
The financial trajectory looks strong and well balanced. The financial profile benefits from net-income growth, a stronger gross margin and an improving EBITDA margin. The key question is whether sales can be converted into sustainable profit.
Annual Income Statement Photronics
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
- | - | - | 1.04 B | 1.11 B | 714 M | 780 M | 668 M | 648 M | 771 M | 867 M | 599 M | 517 M | 383 M | 315 M | - | - | - |
Shares |
59.6 M | 61.7 M | 61.1 M | 60.6 M | 61.4 M | 64.9 M | 66.3 M | 68.8 M | 69.3 M | 76.4 M | 78.4 M | 66.7 M | 61.6 M | 76.5 M | 58.5 M | 53.4 M | 43.2 M | - |
Historical Prices |
- | - | - | 17.2 | 18.4 | 11.9 | 12.4 | 9.81 | 7.8 | 10.7 | 10.2 | 8.31 | 8.7 | 6.64 | 7.01 | - | - | - |
Net Income |
136 M | 131 M | 125 M | 119 M | 55.4 M | 33.8 M | 29.8 M | 42.1 M | 13.1 M | 46.2 M | 44.6 M | 26 M | 18 M | 27.9 M | 16.2 M | 23.9 M | -41.9 M | - |
Revenue |
849 M | 867 M | 892 M | 825 M | 664 M | 610 M | 551 M | 535 M | 451 M | 483 M | 524 M | 456 M | 422 M | 450 M | 512 M | - | - | - |
Cost of Revenue |
549 M | 551 M | 556 M | 530 M | 497 M | 475 M | 430 M | 404 M | 359 M | 365 M | - | - | - | - | - | - | - | - |
Gross Profit |
300 M | 316 M | 336 M | 294 M | 167 M | 135 M | 121 M | 132 M | 91.3 M | 119 M | 143 M | 100 M | 99.6 M | 112 M | 136 M | - | - | - |
Operating Income |
208 M | 222 M | 253 M | 212 M | 94.6 M | 63.9 M | 52.1 M | 65.6 M | 31.9 M | 52.5 M | 72.2 M | 28.8 M | 30.7 M | 44.4 M | 75.5 M | 39.5 M | -12.5 M | - |
Interest Expense |
22 M | 24.1 M | 14.9 M | 1.68 M | 1.16 M | 541 K | 1.27 M | 4.83 M | -3.07 M | 2.42 M | 2.8 M | 3.41 M | 3.89 M | 3.72 M | 2.95 M | 2.55 M | -2.21 M | - |
EBITDA |
285 M | 304 M | 334 M | 292 M | 182 M | 153 M | 136 M | 150 M | 114 M | 139 M | 148 M | 118 M | 96.7 M | 123 M | 127 M | 121 M | 64 M | - |
Operating Expenses |
91.4 M | 94.3 M | 83.1 M | 82.3 M | 76 M | 70.7 M | 68.7 M | 65.9 M | 59.4 M | 57.3 M | 70.9 M | 55.2 M | 69 M | 67.5 M | 96 M | - | - | - |
General and Administrative Expenses |
75.6 M | 77.8 M | 69.5 M | 64 M | 57.5 M | 53.6 M | 52.3 M | 51.4 M | 43.6 M | 44.6 M | 49 M | 49.6 M | 48.2 M | 46.7 M | 45.2 M | 42.4 M | 41.2 M | - |
All numbers in USD currency
Quarterly Income Statement Photronics
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
58.1 M | 57.8 M | 57.8 M | 57.6 M | 57.9 M | 60.8 M | 62.1 M | 61.9 M | 61.8 M | 61.8 M | 61.5 M | 61.3 M | 61.1 M | 60.9 M | 60.9 M | 60.5 M | 60.7 M | 60.6 M | 62.5 M | 61.8 M | 60.9 M | 62.1 M | 65.6 M | 65.1 M | 64.8 M | 64.9 M | 66.6 M | 66.4 M | 66.3 M | 66.3 M | 68.8 M | 69.1 M | 69.4 M | 69.3 M | 68.2 M | 68.4 M | 68.5 M | 68.4 M | 66.8 M | 67.4 M | 68 M | 67.4 M | 66.1 M | 66.2 M | 66.5 M | 66.2 M | 61.2 M | 61.3 M | 61.4 M | 61.4 M | 60.3 M | 60.5 M | 60.7 M | 60.5 M | 59.8 M | 60 M | 60.1 M | 60.1 M | 53.8 M | 59 M | 59 M | 55.7 M |
Net Income |
31.4 M | 42.9 M | 42.9 M | - | 22.9 M | 8.86 M | 42.9 M | - | 34.4 M | 36.3 M | 26.2 M | - | 39.9 M | 14 M | 14 M | 81.7 M | 31.2 M | 27.4 M | 8.04 M | 35.6 M | 17.1 M | 10.5 M | 10.3 M | 6.46 M | 10.8 M | 6.28 M | 5.27 M | 9.7 M | 6.35 M | 8.48 M | 5.9 M | 12.5 M | 13 M | 10.7 M | 1.95 M | 5.39 M | 4 M | 1.8 M | 21 M | 5.26 M | 8.09 M | 11.9 M | 3.84 M | 18.6 M | 12.1 M | 10.1 M | 1.99 M | 4.28 M | 4.19 M | 15.5 M | 2.32 M | 4.84 M | 5.94 M | 4.86 M | 4.27 M | 3.83 M | 11 M | 8.82 M | 12.1 M | 9.29 M | 11.3 M | -16.4 M |
Revenue |
210 M | 225 M | 225 M | - | 210 M | 211 M | 212 M | - | 211 M | 217 M | 216 M | - | 229 M | 211 M | 211 M | 60.8 M | 220 M | 205 M | 190 M | 482 M | 171 M | 160 M | 160 M | 149 M | 158 M | 143 M | 125 M | 156 M | 138 M | 132 M | 123 M | 145 M | 136 M | 131 M | 110 M | 121 M | 112 M | 108 M | - | - | - | - | - | - | - | 100 K | - | - | 100 K | - | -200 K | -200 K | - | - | - | - | - | - | - | 600 K | - | - |
Cost of Revenue |
144 M | 146 M | 146 M | - | 140 M | 133 M | 137 M | - | 136 M | 138 M | 137 M | - | 141 M | 135 M | 135 M | 400 M | 136 M | 134 M | 122 M | 367 M | 125 M | 121 M | 125 M | 358 M | 120 M | 112 M | 98.6 M | 312 M | 108 M | 106 M | 95.8 M | 295 M | 101 M | 98 M | - | 265 M | 89.9 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
65.8 M | 78.7 M | 78.7 M | - | 70.9 M | 77.9 M | 75.5 M | - | 75.1 M | 79.3 M | 79.3 M | - | 88.4 M | 76.1 M | 76.1 M | 214 M | 83.9 M | 70.2 M | 30.5 M | 115 M | 45.3 M | 39.2 M | 34.6 M | 31.9 M | 37.7 M | 30.4 M | 26.1 M | 38.2 M | 30.6 M | 26 M | 27.7 M | 35.4 M | 35.6 M | 32.8 M | 23 M | 26.4 M | 21.7 M | 20.2 M | 35.4 M | 20.5 M | 31.4 M | 31.3 M | 28.2 M | 44.6 M | 37.2 M | 33.1 M | 22.9 M | 26.6 M | 28.6 M | 22.2 M | 21.1 M | 26.7 M | 27.1 M | 24.8 M | 25.5 M | 24.3 M | 32.3 M | 29.9 M | 30.6 M | 30.9 M | 38.2 M | 36.5 M |
Operating Income |
42.2 M | 54.9 M | 54.9 M | - | 48.2 M | 55.7 M | 52.2 M | - | 52.1 M | 56.1 M | 57.5 M | - | 67 M | 56 M | 56 M | 151 M | 63.7 M | 49.4 M | 11.8 M | 61 M | 28.5 M | 20.8 M | 16.3 M | 48.9 M | 19.9 M | 12.7 M | 8.05 M | 30.6 M | 13.4 M | 9.2 M | 11.8 M | 47.6 M | 20.4 M | 15.4 M | 8.64 M | 19.4 M | 5.27 M | 5.54 M | 17.5 M | 47.2 M | 14.8 M | 14.8 M | 11.6 M | 45 M | 18.6 M | 14.9 M | 5.63 M | 19.5 M | 11.1 M | 2.83 M | 5.19 M | 23.3 M | 10 M | 8.08 M | 8.57 M | 37 M | 15.3 M | 13.2 M | 16.1 M | 22.9 M | 22.9 M | 21.1 M |
Interest Expense |
3.81 M | 6.81 M | 6.81 M | - | 4.83 M | 5.33 M | 6.58 M | - | 6.14 M | 5.88 M | 5.25 M | - | 2.99 M | 65 K | 2.58 M | 898 K | 401 K | 162 K | 121 K | 653 K | 494 K | 37 K | 759 K | 480 K | 16 K | -293 K | 1.64 M | 979 K | 105 K | 325 K | -3.53 M | 2.32 M | 1.97 M | 3.88 M | -1.52 M | -4.18 M | 415 K | -3.07 M | 2.05 M | 1.88 M | 1.85 M | -2.02 M | 87 K | 1.31 M | 1.45 M | -224 K | 1.11 M | 2.35 M | 641 K | 594 K | 1.3 M | 3.23 M | 937 K | 993 K | 1.37 M | 3.44 M | 1.24 M | 827 K | 2.67 M | 1.52 M | 1.52 M | -704 K |
EBITDA |
82 M | 74.7 M | 74.7 M | - | - | - | 73 M | - | - | - | 78.2 M | - | 106 M | 75.1 M | 75.1 M | 213 M | 63.7 M | 49.4 M | 35.5 M | 130 M | 75.6 M | 20.8 M | 40.9 M | 120 M | 67.8 M | 12.7 M | 26.8 M | 91 M | 51.9 M | 9.2 M | 34.2 M | 112 M | 64.9 M | 15.4 M | 29.5 M | 83.5 M | 47.5 M | 5.54 M | 38.2 M | 107 M | 55.7 M | 14.8 M | 32.4 M | 106 M | 58.9 M | 14.9 M | 23.5 M | 77.9 M | 47.8 M | 2.83 M | 24.3 M | 78.4 M | 47.5 M | 8.08 M | 31.2 M | 102 M | 59.4 M | 13.2 M | 39.3 M | 93 M | 69.3 M | 21.1 M |
Operating Expenses |
23.6 M | 23.9 M | 23.9 M | - | 22.7 M | 22.2 M | 23.4 M | - | 23 M | 23.3 M | 21.8 M | - | 21.4 M | 20.1 M | 20.1 M | 62.6 M | 20.1 M | 20.8 M | 18.8 M | 57.6 M | 20.4 M | 18.4 M | 18.3 M | 53.8 M | 17.8 M | 17.7 M | 18.1 M | 52 M | 17.2 M | 16.8 M | 15.9 M | 48.5 M | 15.2 M | 17.5 M | 14.4 M | 45.4 M | 16.5 M | 14.6 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
General and Administrative Expenses |
20.8 M | 21.3 M | 21.3 M | - | 18.4 M | 18.1 M | 19.1 M | - | 19.4 M | 19 M | 18.3 M | - | 17.9 M | 16.8 M | 16.8 M | 48.3 M | 16 M | 16.6 M | 14.1 M | 43.2 M | 15.1 M | 14.1 M | 14.2 M | 40.8 M | 13.3 M | 13.3 M | 13.8 M | 40.2 M | 13.1 M | 13.3 M | 11.8 M | 37.9 M | 12.5 M | 13.6 M | 10.9 M | 33.4 M | 11.6 M | 10.9 M | 12.2 M | 34.4 M | 11.2 M | 11 M | 11.9 M | 36.8 M | 12.4 M | 12.4 M | 12.3 M | 38.1 M | 12.4 M | 13.4 M | 11.1 M | 35.3 M | 12.1 M | 12.2 M | 11.3 M | 35.3 M | 11.8 M | 12.2 M | 10.7 M | 11.8 M | 11.8 M | 11.4 M |
All numbers in USD currency
The income statement is one of the three key financial reports of a company Photronics (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.