Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $483M | $451M | $535M | $551M | $610M | $664M | $825M | $892M | $867M | $849M |
| Revenue growth | — | -6.8% | 18.8% | 2.9% | 10.7% | 8.9% | 24.2% | 8.2% | -2.8% | -2.0% |
| Gross profit | $119M | $91.3M | $132M | $121M | $135M | $167M | $294M | $336M | $316M | $300M |
| Gross margin | 24.6% | 20.3% | 24.6% | 21.9% | 22.1% | 25.2% | 35.7% | 37.7% | 36.4% | 35.3% |
| Operating income | $52.5M | $31.9M | $65.6M | $52.1M | $63.9M | $94.6M | $212M | $253M | $222M | $208M |
| Operating margin | 10.9% | 7.1% | 12.3% | 9.5% | 10.5% | 14.2% | 25.7% | 28.4% | 25.6% | 24.5% |
| Net income | $46.2M | $13.1M | $42.1M | $29.8M | $33.8M | $55.4M | $119M | $125M | $131M | $136M |
| Net margin | 9.6% | 2.9% | 7.9% | 5.4% | 5.5% | 8.4% | 14.4% | 14.1% | 15.1% | 16.1% |
| EPS (diluted) | $0.64 | $0.19 | $0.59 | $0.44 | $0.52 | $0.89 | $1.94 | $2.03 | $2.09 | $2.28 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $122M | $96.8M | $131M | $68.4M | $143M | $151M | $275M | $302M | $261M | $248M |
| Capital expenditures | $50.1M | $92.0M | $92.6M | $178M | $70.8M | $109M | $112M | $131M | $131M | $188M |
| Free cash flow | $72.0M | $4.87M | $38.0M | -$110M | $72.2M | $41.7M | $163M | $171M | $131M | $59.7M |
| Share buybacks | $0.00 | $0.00 | $23.1M | $21.7M | $34.4M | $48.2M | $2.52M | $0.00 | $0.00 | $97.4M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $314M | $308M | $329M | $207M | $279M | $277M | $320M | $499M | $598M | $492M |
| Total assets | $988M | $1.02B | $1.11B | $1.12B | $1.19B | $1.29B | $1.32B | $1.53B | $1.71B | $1.80B |
| Total liabilities | $163M | $155M | $205M | $208M | $226M | $294M | $254M | $251M | $231M | $207M |
| Long-term debt | — | — | $0.00 | $41.9M | $55.0M | $89.4M | $32.3M | — | — | — |
| Shareholders' equity | $710M | $745M | $760M | $770M | $805M | $824M | $832M | $975M | $1.12B | $1.17B |
| Retained earnings | $176M | $189M | $231M | $254M | $279M | $318M | $436M | $561M | $692M | $772M |
| Shares (wtd avg diluted) | 76.4M | 69.3M | 74.8M | 69.2M | 65.5M | 62.0M | 61.2M | 61.8M | 62.4M | 59.9M |
Every figure is extracted from PHOTRONICS INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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