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Materials·PLAB

Photronics, Inc.

NASDAQ · US

Merchant photomask manufacturer serving IC and display customers.

AI relevance

Photomasks are direct consumables for semiconductor lithography.

Materials Masks / Litho

Price

$33.63

Change

+2.62 (+8.45%)

Market cap

$2.0B

52w range

$18–$56

Exchange

NASDAQ

Country

Jason's Chips

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Price chart

PLAB market performance

Daily close for Photronics, Inc.

Latest close: $33.63
Range move: +$15.36 (+84.1%)
Range high: $54.96
Range low: $18.21
Latest volume: 2.3M
Source: FMP EOD

Downloads

Exports

Download statements, ratios, chart data, and transcript indexes.

CSV

Income statement

12 annual rows

Revenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.

Annual

Balance sheet

12 annual rows

Cash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.

Annual

Cash flow

12 annual rows

Operating cash flow, capital expenditures, and free cash flow.

Annual

Key metrics

12 annual rows

Enterprise value, valuation multiples, returns, yields, and cash conversion.

Annual

Ratios

12 annual rows

Margins, liquidity ratios, valuation ratios, leverage, and per-share metrics.

Annual

Chart data

1255 rows

Five years of daily close and volume data powering the company chart.

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Transcript list

61 rows

Available earnings-call transcript dates by fiscal year and quarter.

Download

StreetBuy

Analyst expectations

Consensus target

$51.50

+53.1%

Target range

$48.00 - $55.00

Rating mix

Buy

11 ratings

Next FY revenue

$859.2M

2026-10-31

Next FY EPS

$1.84

$1.84 - $1.85

Rating consensus11 ratings

Strong buy

Buy

Hold

Sell

Strong sell

Annual estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-10-31	$859.2M	$857.9M - $860.4M	$1.84	$1.84 - $1.85	$346.8M	$300.9M	$110.6M	$72.3M	1 rev / 1 EPS
2027-10-31	$896.4M	$895.1M - $897.7M	$2.02	$2.02 - $2.03	$361.8M	$313.9M	$121.3M	$75.5M	1 rev / 1 EPS

Quarterly estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-08-03	$209.0M	$208.3M - $209.7M	$0.40	$0.39 - $0.40	$84.4M	$73.2M	$23.1M	$17.6M	1 rev / 1 EPS
2026-11-03	$215.2M	$214.5M - $215.8M	$0.42	$0.42 - $0.42	$86.8M	$75.4M	$24.6M	$18.1M	1 rev / 1 EPS
2027-02-03	$234.1M	$233.3M - $234.8M	$0.55	$0.55 - $0.55	$94.5M	$82.0M	$32.2M	$19.7M	1 rev / 1 EPS
2027-05-03	$218.3M	$217.6M - $219.0M	$0.51	$0.51 - $0.51	$88.1M	$76.5M	$29.9M	$18.4M	1 rev / 1 EPS
2027-08-03	$215.3M	$214.6M - $216.0M	$0.50	$0.50 - $0.50	$86.9M	$75.4M	$29.3M	$18.1M	1 rev / 1 EPS
2027-11-03	$224.7M	$224.0M - $225.4M	$0.52	$0.52 - $0.52	$90.7M	$78.7M	$30.5M	$18.9M	1 rev / 1 EPS
2028-02-03	$225.0M	$224.3M - $225.7M	$0.51	$0.51 - $0.51	$90.8M	$78.8M	$29.9M	$18.9M	1 rev / 1 EPS

Price target history

Window	Targets	Average target
Last month	0	$0.00
Last quarter	1	$55.00
Last year	4	$47.50
All time	6	$40.17

Sources: TheFly, StreetInsider, Benzinga, Pulse 2.0

Latest grade actions

Date	Firm	Action	Previous	New
2025-12-11	Craig-Hallum	Maintain	Buy	Buy
2025-12-11	DA Davidson	Maintain	Buy	Buy
2025-05-29	DA Davidson	Maintain	Buy	Buy
2024-12-12	DA Davidson	Maintain	Buy	Buy
2023-05-25	Northland Capital Markets	Maintain	Market Perform	Market Perform
2023-05-22	Northland Capital Markets	Downgrade	Outperform	Market Perform
2023-04-17	Northland Capital Markets	Maintain	Outperform	Outperform
2022-08-31	DA Davidson	Maintain	Buy	Buy

Historical rating snapshots

Date	Strong buy	Buy	Hold	Sell	Strong sell
2026-06-01	0	2	0	0	0
2026-05-01	0	2	0	0	0
2026-04-01	0	2	0	0	0
2026-03-01	0	2	0	0	0
2026-02-01	0	2	0	0	0
2026-01-01	0	2	0	0	0
2025-12-01	0	2	0	0	0
2025-11-01	0	2	0	0	0

FinancialsFY 2025

Financials

Revenue

$849.3M

Gross margin

35.3%

Operating income

$208.4M

Free cash flow

$59.7M

Cash + ST investments

$588.2M

Net debt

-$486.3M

ROE

11.6%

ROIC

10.9%

EV / sales

1.1x

EV / EBITDA

3.1x

R&D / revenue

1.9%

Current ratio

5.4x

Income statement annual

Period	Revenue	Gross profit	Gross margin	R&D	Operating income	EBITDA	Net income	EPS
FY 2025	$849.3M	$299.8M	35.3%	$15.8M	$208.4M	$299.4M	$136.4M	$2.29
FY 2024	$866.9M	$315.9M	36.4%	$16.6M	$221.5M	$330.6M	$130.7M	$2.12
FY 2023	$892.1M	$336.2M	37.7%	$13.7M	$253.1M	$351.2M	$125.5M	$2.05
FY 2022	$824.5M	$294.2M	35.7%	$18.3M	$211.9M	$321.2M	$118.8M	$1.96
FY 2021	$663.8M	$167.0M	25.2%	$18.5M	$94.6M	$194.1M	$55.4M	$0.90
FY 2020	$609.7M	$134.7M	22.1%	$17.1M	$63.9M	$157.8M	$33.8M	$0.52
FY 2019	$550.7M	$120.8M	21.9%	$16.4M	$52.1M	$136.0M	$40.5M	$0.61
FY 2018	$535.3M	$131.5M	24.6%	$14.5M	$65.6M	$155.2M	$42.1M	$0.59
FY 2017	$450.7M	$91.3M	20.3%	$15.9M	$31.9M	$118.4M	$13.1M	$0.19
FY 2016	$483.5M	$118.7M	24.6%	$21.7M	$52.5M	$146.7M	$46.2M	$0.68
FY 2015	$524.2M	$143.1M	27.3%	$21.9M	$72.2M	$154.6M	$44.6M	$0.67
FY 2014	$455.5M	$100.3M	22.0%	$21.9M	$28.8M	$127.2M	$26.0M	$0.42

Cash flow annual

Period	Operating cash flow	Capex	Free cash flow
FY 2025	$247.8M	$188.1M	$59.7M
FY 2024	$261.4M	$130.9M	$130.5M
FY 2023	$302.2M	$131.3M	$170.9M
FY 2022	$275.2M	$112.3M	$162.8M
FY 2021	$150.8M	$109.3M	$41.5M
FY 2020	$143.0M	$71.0M	$72.1M
FY 2019	$71.8M	$177.2M	-$105.4M
FY 2018	$130.6M	$92.6M	$38.0M
FY 2017	$96.8M	$92.0M	$4.9M
FY 2016	$122.1M	$50.1M	$72.0M
FY 2015	$133.2M	$104.0M	$29.2M
FY 2014	$96.4M	$91.1M	$5.3M

Balance sheet annual

Period	Cash + ST inv.	Receivables	Inventory	PP&E	Assets	Debt	Net debt	Liabilities	Equity
FY 2025	$588.2M	$211.7M	$61.8M	$854.4M	$1.80B	$6.0M	-$486.3M	$207.2M	$1.17B
FY 2024	$640.7M	$215.0M	$56.5M	$745.3M	$1.71B	$23.0M	-$575.5M	$231.3M	$1.12B
FY 2023	$512.2M	$208.2M	$50.0M	$715.4M	$1.53B	$26.5M	-$472.8M	$250.6M	$975.0M
FY 2022	$358.5M	$216.6M	$50.8M	$643.9M	$1.32B	$45.6M	-$277.3M	$253.7M	$831.5M
FY 2021	$276.7M	$208.5M	$55.2M	$696.6M	$1.29B	$117.2M	-$165.0M	$293.6M	$823.7M
FY 2020	$278.7M	$157.3M	$57.3M	$631.5M	$1.19B	$70.8M	-$207.8M	$225.9M	$805.0M
FY 2019	$206.5M	$142.1M	$48.2M	$621.2M	$1.12B	$52.8M	-$153.8M	$207.6M	$769.9M
FY 2018	$329.3M	$120.5M	$29.2M	$571.8M	$1.11B	$57.5M	-$271.8M	$205.4M	$759.7M
FY 2017	$308.0M	$105.3M	$23.7M	$535.2M	$1.02B	$62.0M	-$246.0M	$155.5M	$744.6M
FY 2016	$314.1M	$92.6M	$22.1M	$506.4M	$988.3M	$67.6M	-$246.5M	$162.8M	$710.4M
FY 2015	$205.9M	$110.1M	$24.2M	$547.3M	$1.05B	$132.6M	-$73.3M	$283.5M	$646.6M
FY 2014	$192.9M	$94.5M	$22.5M	$550.1M	$1.03B	$142.2M	-$50.7M	$289.7M	$628.0M

Annual ratios and key metrics

Period	Gross margin	Op margin	Net margin	Current	Quick	ROE	ROIC	EV / sales	EV / EBITDA	FCF yield	R&D / rev.	Cash cycle
FY 2025	35.3%	24.5%	16.1%	5.4x	5.0x	11.6%	10.9%	1.1x	3.1x	4.2%	1.9%	76d
FY 2024	36.4%	25.6%	15.1%	5.1x	4.8x	11.7%	10.5%	1.0x	2.5x	9.3%	1.9%	76d
FY 2023	37.7%	28.4%	14.1%	4.2x	4.0x	12.9%	13.8%	0.7x	1.9x	15.2%	1.5%	63d
FY 2022	35.7%	25.7%	14.4%	3.3x	3.1x	14.3%	14.0%	0.9x	2.2x	16.6%	2.2%	76d
FY 2021	25.2%	14.2%	8.4%	3.1x	2.8x	6.7%	6.4%	1.0x	3.5x	5.0%	2.8%	95d
FY 2020	22.1%	10.5%	5.5%	3.5x	3.1x	4.2%	3.9%	0.7x	2.7x	11.4%	2.8%	93d
FY 2019	21.9%	9.5%	7.4%	2.9x	2.6x	5.3%	4.3%	1.1x	4.6x	-13.5%	3.0%	75d
FY 2018	24.6%	12.3%	7.9%	2.6x	2.5x	5.5%	6.0%	0.8x	2.7x	5.5%	2.7%	58d
FY 2017	20.3%	7.1%	2.9%	5.5x	5.2x	1.8%	2.7%	0.9x	3.5x	0.7%	3.5%	66d
FY 2016	24.6%	10.9%	9.6%	5.4x	5.2x	6.5%	5.3%	0.8x	2.8x	11.0%	4.5%	43d
FY 2015	27.3%	13.8%	8.5%	1.9x	1.8x	6.9%	6.4%	1.1x	3.6x	4.6%	4.2%	24d
FY 2014	22.0%	6.3%	5.7%	2.4x	2.3x	4.1%	2.5%	1.1x	4.0x	0.9%	4.8%	19d

Annual growth

Period	Revenue	Gross profit	R&D	Op income	Net income	EPS	FCF	Capex	Cash + ST inv.	Inventory	Assets	Debt
FY 2025	-2.0%	-5.1%	-4.7%	-5.9%	+4.4%	+8.0%	-54.3%	-43.7%	-8.2%	+9.3%	+5.4%	-74.0%
FY 2024	-2.8%	-6.0%	+21.4%	-12.5%	+4.1%	+3.4%	-23.6%	+0.3%	+25.1%	+13.1%	+12.2%	-13.5%
FY 2023	+8.2%	+14.3%	-25.6%	+19.4%	+5.6%	+4.6%	+4.9%	-16.9%	+42.9%	-1.6%	+16.0%	-41.8%
FY 2022	+24.2%	+76.1%	-0.8%	+124.1%	+114.2%	+117.8%	+292.4%	-2.8%	+29.6%	-8.1%	+1.7%	-61.1%
FY 2021	+8.9%	+24.1%	+7.9%	+47.9%	+64.0%	+73.1%	-42.4%	-54.0%	-0.7%	-3.5%	+8.9%	+65.5%
FY 2020	+10.7%	+11.4%	+4.6%	+22.7%	-16.5%	-14.8%	+168.4%	+59.9%	+34.9%	+18.9%	+6.2%	+34.3%
FY 2019	+2.9%	-8.1%	+13.2%	-20.6%	-3.7%	+3.4%	-377.4%	-91.4%	-37.3%	+65.0%	+0.8%	-8.2%
FY 2018	+18.8%	+44.0%	-8.7%	+105.9%	+220.3%	+210.5%	+680.2%	-0.7%	+6.9%	+23.1%	+8.7%	-7.3%
FY 2017	-6.8%	-23.1%	-26.7%	-39.3%	-71.6%	-72.1%	-93.2%	-83.4%	-1.9%	+7.3%	+3.3%	-8.3%
FY 2016	-7.8%	-17.1%	-1.2%	-27.4%	+3.5%	+1.5%	+146.9%	+51.8%	+52.6%	-8.6%	-5.5%	-49.1%
FY 2015	+15.1%	+42.6%	+0.0%	+150.9%	+71.7%	+59.5%	+452.7%	-14.2%	+6.7%	+7.5%	+1.6%	-6.7%
FY 2014	+7.9%	+0.7%	+5.6%	-6.1%	+44.7%	+40.0%	-85.2%	-42.8%	-10.5%	+19.3%	+16.2%	-26.7%

SegmentsFY 2024

Revenue Mix

Period	Total	Mainstream Integrated Circuits	Integrated Circuits	High-end Integrated Circuits	High-end Flat Panel Displays	Flat Panel Displays	Mainstream Flat Panel Displays
FY 2024	$866.9M	$409.7M	--	$228.5M	$195.4M	--	$33.4M
FY 2023	$892.1M	$456.3M	--	$194.9M	$200.8M	--	$40.0M
FY 2022	$824.5M	$397.7M	--	$195.3M	$187.0M	--	$44.5M
FY 2021	$663.8M	$297.2M	--	$163.0M	$155.7M	--	$47.9M
FY 2020	$609.7M	$262.3M	--	$156.1M	$139.6M	--	$51.7M
FY 2019	$550.7M	$249.8M	--	$156.4M	$98.8M	--	$45.6M
FY 2018	$535.3M	--	$416.1M	--	--	$119.2M	--
FY 2017	$450.7M	--	$350.3M	--	--	$100.4M	--
FY 2016	$483.5M	--	$364.5M	--	--	$118.9M	--
FY 2015	$524.2M	--	$420.8M	--	--	$103.4M	--

Period	Total	Taiwan	Korea	United States	China	Europe	All Other Asia	Other	All Other
FY 2024	$866.9M	$288.3M	$158.0M	$146.7M	$232.9M	$39.2M	--	$1.8M	--
FY 2023	$892.1M	$316.9M	$162.2M	$128.9M	$245.4M	$36.6M	--	$2.1M	--
FY 2022	$824.5M	$291.3M	$156.1M	$126.2M	$212.6M	$36.4M	--	$1.9M	--
FY 2021	$663.8M	$248.6M	$156.4M	$105.0M	$115.7M	$36.2M	--	$1.8M	--
FY 2020	$609.7M	$239.1M	$153.1M	$104.9M	$79.4M	$31.5M	$1.7M	--	--
FY 2019	$550.7M	$244.4M	$147.7M	$105.0M	$19.0M	$32.6M	$1.9M	--	--
FY 2018	$535.3M	$237.0M	$147.1M	$112.6M	--	$35.5M	$3.0M	--	--
FY 2017	$450.7M	$187.8M	$122.2M	$102.0M	--	$36.1M	$2.6M	--	--
FY 2016	$483.5M	$193.2M	$141.0M	$113.7M	--	$33.4M	$2.2M	--	--
FY 2015	$524.2M	$205.1M	$147.9M	$132.8M	--	$35.8M	$2.6M	--	--
FY 2014	$455.5M	$167.1M	$140.4M	$106.7M	--	$38.7M	--	--	$2.6M
FY 2013	$422.2M	$117.4M	$134.3M	$127.1M	--	$41.1M	--	--	$2.3M

Transcripts

Events

Next earnings

2026-08-26EPS est $0.40

Recent filings

10-Q2026-06-11
SD2026-06-02
8-K2026-05-28

Latest news

Photronics, Inc. (PLAB) Scrutinized After $1.1 Billion Market Cap Wipeout Amid Operational Reality Surprise - HBSS
GuruFocus · 2026-06-19
Photronics, Inc. (PLAB) Scrutinized After $1.1 Billion Market Cap Wipeout Amid Operational Reality Surprise - HBSS
PRNewsWire · 2026-06-19

Analyst expectations

Consensus target

$51.50

+53.1%

Target range

$48.00 - $55.00

Rating mix

Buy

11 ratings

Next FY revenue

$859.2M

2026-10-31

Next FY EPS

$1.84

$1.84 - $1.85

Rating consensus11 ratings

Strong buy

Buy

Hold

Sell

Strong sell

Annual estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-10-31	$859.2M	$857.9M - $860.4M	$1.84	$1.84 - $1.85	$346.8M	$300.9M	$110.6M	$72.3M	1 rev / 1 EPS
2027-10-31	$896.4M	$895.1M - $897.7M	$2.02	$2.02 - $2.03	$361.8M	$313.9M	$121.3M	$75.5M	1 rev / 1 EPS

Quarterly estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-08-03	$209.0M	$208.3M - $209.7M	$0.40	$0.39 - $0.40	$84.4M	$73.2M	$23.1M	$17.6M	1 rev / 1 EPS
2026-11-03	$215.2M	$214.5M - $215.8M	$0.42	$0.42 - $0.42	$86.8M	$75.4M	$24.6M	$18.1M	1 rev / 1 EPS
2027-02-03	$234.1M	$233.3M - $234.8M	$0.55	$0.55 - $0.55	$94.5M	$82.0M	$32.2M	$19.7M	1 rev / 1 EPS
2027-05-03	$218.3M	$217.6M - $219.0M	$0.51	$0.51 - $0.51	$88.1M	$76.5M	$29.9M	$18.4M	1 rev / 1 EPS
2027-08-03	$215.3M	$214.6M - $216.0M	$0.50	$0.50 - $0.50	$86.9M	$75.4M	$29.3M	$18.1M	1 rev / 1 EPS
2027-11-03	$224.7M	$224.0M - $225.4M	$0.52	$0.52 - $0.52	$90.7M	$78.7M	$30.5M	$18.9M	1 rev / 1 EPS
2028-02-03	$225.0M	$224.3M - $225.7M	$0.51	$0.51 - $0.51	$90.8M	$78.8M	$29.9M	$18.9M	1 rev / 1 EPS

Price target history

Window	Targets	Average target
Last month	0	$0.00
Last quarter	1	$55.00
Last year	4	$47.50
All time	6	$40.17

Sources: TheFly, StreetInsider, Benzinga, Pulse 2.0

Latest grade actions

Date	Firm	Action	Previous	New
2025-12-11	Craig-Hallum	Maintain	Buy	Buy
2025-12-11	DA Davidson	Maintain	Buy	Buy
2025-05-29	DA Davidson	Maintain	Buy	Buy
2024-12-12	DA Davidson	Maintain	Buy	Buy
2023-05-25	Northland Capital Markets	Maintain	Market Perform	Market Perform
2023-05-22	Northland Capital Markets	Downgrade	Outperform	Market Perform
2023-04-17	Northland Capital Markets	Maintain	Outperform	Outperform
2022-08-31	DA Davidson	Maintain	Buy	Buy

Historical rating snapshots

Date	Strong buy	Buy	Hold	Sell	Strong sell
2026-06-01	0	2	0	0	0
2026-05-01	0	2	0	0	0
2026-04-01	0	2	0	0	0
2026-03-01	0	2	0	0	0
2026-02-01	0	2	0	0	0
2026-01-01	0	2	0	0	0
2025-12-01	0	2	0	0	0
2025-11-01	0	2	0	0	0

Financials

Revenue

$849.3M

Gross margin

35.3%

Operating income

$208.4M

Free cash flow

$59.7M

Cash + ST investments

$588.2M

Net debt

-$486.3M

ROE

11.6%

ROIC

10.9%

EV / sales

1.1x

EV / EBITDA

3.1x

R&D / revenue

1.9%

Current ratio

5.4x

Income statement annual

Period	Revenue	Gross profit	Gross margin	R&D	Operating income	EBITDA	Net income	EPS
FY 2025	$849.3M	$299.8M	35.3%	$15.8M	$208.4M	$299.4M	$136.4M	$2.29
FY 2024	$866.9M	$315.9M	36.4%	$16.6M	$221.5M	$330.6M	$130.7M	$2.12
FY 2023	$892.1M	$336.2M	37.7%	$13.7M	$253.1M	$351.2M	$125.5M	$2.05
FY 2022	$824.5M	$294.2M	35.7%	$18.3M	$211.9M	$321.2M	$118.8M	$1.96
FY 2021	$663.8M	$167.0M	25.2%	$18.5M	$94.6M	$194.1M	$55.4M	$0.90
FY 2020	$609.7M	$134.7M	22.1%	$17.1M	$63.9M	$157.8M	$33.8M	$0.52
FY 2019	$550.7M	$120.8M	21.9%	$16.4M	$52.1M	$136.0M	$40.5M	$0.61
FY 2018	$535.3M	$131.5M	24.6%	$14.5M	$65.6M	$155.2M	$42.1M	$0.59
FY 2017	$450.7M	$91.3M	20.3%	$15.9M	$31.9M	$118.4M	$13.1M	$0.19
FY 2016	$483.5M	$118.7M	24.6%	$21.7M	$52.5M	$146.7M	$46.2M	$0.68
FY 2015	$524.2M	$143.1M	27.3%	$21.9M	$72.2M	$154.6M	$44.6M	$0.67
FY 2014	$455.5M	$100.3M	22.0%	$21.9M	$28.8M	$127.2M	$26.0M	$0.42

Cash flow annual

Period	Operating cash flow	Capex	Free cash flow
FY 2025	$247.8M	$188.1M	$59.7M
FY 2024	$261.4M	$130.9M	$130.5M
FY 2023	$302.2M	$131.3M	$170.9M
FY 2022	$275.2M	$112.3M	$162.8M
FY 2021	$150.8M	$109.3M	$41.5M
FY 2020	$143.0M	$71.0M	$72.1M
FY 2019	$71.8M	$177.2M	-$105.4M
FY 2018	$130.6M	$92.6M	$38.0M
FY 2017	$96.8M	$92.0M	$4.9M
FY 2016	$122.1M	$50.1M	$72.0M
FY 2015	$133.2M	$104.0M	$29.2M
FY 2014	$96.4M	$91.1M	$5.3M

Balance sheet annual

Period	Cash + ST inv.	Receivables	Inventory	PP&E	Assets	Debt	Net debt	Liabilities	Equity
FY 2025	$588.2M	$211.7M	$61.8M	$854.4M	$1.80B	$6.0M	-$486.3M	$207.2M	$1.17B
FY 2024	$640.7M	$215.0M	$56.5M	$745.3M	$1.71B	$23.0M	-$575.5M	$231.3M	$1.12B
FY 2023	$512.2M	$208.2M	$50.0M	$715.4M	$1.53B	$26.5M	-$472.8M	$250.6M	$975.0M
FY 2022	$358.5M	$216.6M	$50.8M	$643.9M	$1.32B	$45.6M	-$277.3M	$253.7M	$831.5M
FY 2021	$276.7M	$208.5M	$55.2M	$696.6M	$1.29B	$117.2M	-$165.0M	$293.6M	$823.7M
FY 2020	$278.7M	$157.3M	$57.3M	$631.5M	$1.19B	$70.8M	-$207.8M	$225.9M	$805.0M
FY 2019	$206.5M	$142.1M	$48.2M	$621.2M	$1.12B	$52.8M	-$153.8M	$207.6M	$769.9M
FY 2018	$329.3M	$120.5M	$29.2M	$571.8M	$1.11B	$57.5M	-$271.8M	$205.4M	$759.7M
FY 2017	$308.0M	$105.3M	$23.7M	$535.2M	$1.02B	$62.0M	-$246.0M	$155.5M	$744.6M
FY 2016	$314.1M	$92.6M	$22.1M	$506.4M	$988.3M	$67.6M	-$246.5M	$162.8M	$710.4M
FY 2015	$205.9M	$110.1M	$24.2M	$547.3M	$1.05B	$132.6M	-$73.3M	$283.5M	$646.6M
FY 2014	$192.9M	$94.5M	$22.5M	$550.1M	$1.03B	$142.2M	-$50.7M	$289.7M	$628.0M

Annual ratios and key metrics

Period	Gross margin	Op margin	Net margin	Current	Quick	ROE	ROIC	EV / sales	EV / EBITDA	FCF yield	R&D / rev.	Cash cycle
FY 2025	35.3%	24.5%	16.1%	5.4x	5.0x	11.6%	10.9%	1.1x	3.1x	4.2%	1.9%	76d
FY 2024	36.4%	25.6%	15.1%	5.1x	4.8x	11.7%	10.5%	1.0x	2.5x	9.3%	1.9%	76d
FY 2023	37.7%	28.4%	14.1%	4.2x	4.0x	12.9%	13.8%	0.7x	1.9x	15.2%	1.5%	63d
FY 2022	35.7%	25.7%	14.4%	3.3x	3.1x	14.3%	14.0%	0.9x	2.2x	16.6%	2.2%	76d
FY 2021	25.2%	14.2%	8.4%	3.1x	2.8x	6.7%	6.4%	1.0x	3.5x	5.0%	2.8%	95d
FY 2020	22.1%	10.5%	5.5%	3.5x	3.1x	4.2%	3.9%	0.7x	2.7x	11.4%	2.8%	93d
FY 2019	21.9%	9.5%	7.4%	2.9x	2.6x	5.3%	4.3%	1.1x	4.6x	-13.5%	3.0%	75d
FY 2018	24.6%	12.3%	7.9%	2.6x	2.5x	5.5%	6.0%	0.8x	2.7x	5.5%	2.7%	58d
FY 2017	20.3%	7.1%	2.9%	5.5x	5.2x	1.8%	2.7%	0.9x	3.5x	0.7%	3.5%	66d
FY 2016	24.6%	10.9%	9.6%	5.4x	5.2x	6.5%	5.3%	0.8x	2.8x	11.0%	4.5%	43d
FY 2015	27.3%	13.8%	8.5%	1.9x	1.8x	6.9%	6.4%	1.1x	3.6x	4.6%	4.2%	24d
FY 2014	22.0%	6.3%	5.7%	2.4x	2.3x	4.1%	2.5%	1.1x	4.0x	0.9%	4.8%	19d

Annual growth

Period	Revenue	Gross profit	R&D	Op income	Net income	EPS	FCF	Capex	Cash + ST inv.	Inventory	Assets	Debt
FY 2025	-2.0%	-5.1%	-4.7%	-5.9%	+4.4%	+8.0%	-54.3%	-43.7%	-8.2%	+9.3%	+5.4%	-74.0%
FY 2024	-2.8%	-6.0%	+21.4%	-12.5%	+4.1%	+3.4%	-23.6%	+0.3%	+25.1%	+13.1%	+12.2%	-13.5%
FY 2023	+8.2%	+14.3%	-25.6%	+19.4%	+5.6%	+4.6%	+4.9%	-16.9%	+42.9%	-1.6%	+16.0%	-41.8%
FY 2022	+24.2%	+76.1%	-0.8%	+124.1%	+114.2%	+117.8%	+292.4%	-2.8%	+29.6%	-8.1%	+1.7%	-61.1%
FY 2021	+8.9%	+24.1%	+7.9%	+47.9%	+64.0%	+73.1%	-42.4%	-54.0%	-0.7%	-3.5%	+8.9%	+65.5%
FY 2020	+10.7%	+11.4%	+4.6%	+22.7%	-16.5%	-14.8%	+168.4%	+59.9%	+34.9%	+18.9%	+6.2%	+34.3%
FY 2019	+2.9%	-8.1%	+13.2%	-20.6%	-3.7%	+3.4%	-377.4%	-91.4%	-37.3%	+65.0%	+0.8%	-8.2%
FY 2018	+18.8%	+44.0%	-8.7%	+105.9%	+220.3%	+210.5%	+680.2%	-0.7%	+6.9%	+23.1%	+8.7%	-7.3%
FY 2017	-6.8%	-23.1%	-26.7%	-39.3%	-71.6%	-72.1%	-93.2%	-83.4%	-1.9%	+7.3%	+3.3%	-8.3%
FY 2016	-7.8%	-17.1%	-1.2%	-27.4%	+3.5%	+1.5%	+146.9%	+51.8%	+52.6%	-8.6%	-5.5%	-49.1%
FY 2015	+15.1%	+42.6%	+0.0%	+150.9%	+71.7%	+59.5%	+452.7%	-14.2%	+6.7%	+7.5%	+1.6%	-6.7%
FY 2014	+7.9%	+0.7%	+5.6%	-6.1%	+44.7%	+40.0%	-85.2%	-42.8%	-10.5%	+19.3%	+16.2%	-26.7%

Revenue Mix