Camtek Ltd. (CAMT) Income Statement
CAMT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCAMT revenue and net income
Where CAMT's revenue goes
2025Each bar shows an amount and its share of revenue. CAMT kept 10.2% of revenue as net income.
CAMT profit margins
CAMT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +15.6% | +15.6% | +26.1% | +17.5% |
| Gross profit | +19.2% | +16.1% | +27.9% | +19.2% |
| Operating income | +18.6% | +16.3% | +41.5% | — |
| Net income | −57.2% | −14.1% | +18.4% | — |
| EPS (diluted) | +14.7% | +18.4% | +37.3% | +35.5% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CAMT quarterly EPS vs estimates
Camtek beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 9, 2026 (estimate $0.89).
CAMT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $496.1M | $429.2M | $315.4M | $320.9M | $269.7M | $155.9M | $134.0M | $123.2M | $93.5M | $109.5M |
| Cost of revenue | $245.8M | $219.3M | $167.7M | $161.1M | $132.3M | $82.6M | $69.2M | $62.4M | $48.0M | $60.6M |
| Gross profit | $250.3M | $210.0M | $147.6M | $159.9M | $137.3M | $73.2M | $64.8M | $60.8M | $45.5M | $48.9M |
| Research & development | $48.3M | $38.3M | $31.5M | $28.9M | $23.5M | $19.6M | $16.3M | $14.6M | $13.5M | $15.9M |
| Sales, general & admin | $73.8M | $63.6M | $50.8M | $49.5M | $43.0M | $31.0M | $26.5M | $26.2M | $22.0M | $25.5M |
| Total operating expenses | $122.1M | $101.9M | $82.2M | $78.4M | $66.4M | $50.6M | $42.8M | $40.8M | $48.6M | $41.4M |
| Operating income | $128.2M | $108.1M | $65.4M | $81.5M | $70.9M | $22.6M | $22.0M | $20.0M | −$3.0M | $6.6M |
| Interest income | $29.0M | $24.8M | $22.3M | $6.7M | $1.4M | $1.3M | $1.4M | $594,000 | $77,000 | $74,000 |
| Interest expense | $1.7M | $1.1M | $1.8M | $1.6M | $3.8M | $3.0M | $4.1M | $728,000 | $150,000 | $994,000 |
| Income before taxes | $52.3M | $131.2M | $87.6M | $88.2M | $71.9M | $23.4M | $22.8M | $20.8M | −$3.2M | $5.6M |
| Income taxes | $1.6M | $12.7M | $9.0M | $8.2M | $11.7M | $1.6M | $1.9M | $2.0M | −$4.9M | $888,000 |
| Net income | $50.7M | $118.5M | $78.6M | $79.9M | $60.3M | $21.8M | $22.0M | $18.7M | $14.0M | $4.7M |
| EBITDA | $64.1M | $143.0M | $94.5M | $85.6M | $73.7M | $24.9M | $24.1M | $22.0M | −$915,000 | $4.9M |
| EPS (diluted) | $3.12 | $2.72 | $1.95 | $1.88 | $1.59 | $0.64 | $0.63 | $0.58 | $0.39 | $0.16 |
| Gross margin | 50.5% | 48.9% | 46.8% | 49.8% | 50.9% | 47.0% | 48.3% | 49.4% | 48.7% | 44.6% |
| Operating margin | 25.8% | 25.2% | 20.7% | 25.4% | 26.3% | 14.5% | 16.4% | 16.3% | −3.2% | 6.0% |
| Net margin | 10.2% | 27.6% | 24.9% | 24.9% | 22.4% | 14.0% | 16.4% | 15.2% | 14.9% | 4.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $133.2M | $121.7M | $128.1M | $126.0M | $123.3M | $118.6M | $117.3M | $112.3M | $102.6M | $97.0M | $88.7M | $80.5M |
| Cost of revenue | $66.5M | $60.7M | $64.0M | $63.0M | $60.7M | $58.1M | $59.2M | $56.5M | $51.4M | $52.3M | $48.9M | $41.5M |
| Gross profit | $66.7M | $60.9M | $64.1M | $63.0M | $62.6M | $60.6M | $58.1M | $55.9M | $51.2M | $44.7M | $39.8M | $39.0M |
| Research & development | $16.7M | $14.3M | $13.1M | $13.5M | $11.5M | $10.4M | $10.4M | $9.8M | $9.2M | $8.9M | $8.0M | $7.8M |
| Sales, general & admin | $22.8M | $19.3M | $19.4M | $17.7M | $19.2M | $17.5M | $16.5M | $16.4M | $16.1M | $14.6M | $14.5M | $12.2M |
| Total operating expenses | $39.5M | $33.7M | $32.4M | $31.2M | $30.6M | $27.9M | $26.8M | $26.2M | $25.4M | $23.5M | $22.6M | $19.9M |
| Operating income | $27.2M | $27.3M | $31.7M | $31.8M | $32.0M | $32.7M | $31.3M | $29.6M | $25.9M | $21.2M | $17.2M | $19.1M |
| Interest income | $7.0M | $8.1M | $12.1M | $6.5M | $4.9M | $5.4M | $7.8M | $6.4M | $5.0M | $5.6M | $7.5M | $5.7M |
| Interest expense | — | — | — | — | — | — | $37,000 | — | — | — | $78,000 | — |
| Income before taxes | $34.2M | $35.4M | $39.8M | −$62.6M | $36.9M | $38.1M | $37.5M | $36.0M | $30.9M | $26.8M | $22.9M | $24.7M |
| Income taxes | $10.9M | $3.8M | $4.0M | −$9.4M | $3.2M | $3.8M | $4.5M | $3.3M | $2.9M | $2.0M | $2.1M | $2.7M |
| Net income | $23.3M | $31.6M | $35.9M | −$53.2M | $33.7M | $34.3M | $33.0M | $32.7M | $28.0M | $24.8M | $20.8M | $22.1M |
| EBITDA | $30.2M | $35.4M | $26.7M | −$62.6M | $36.9M | $38.1M | $55.6M | $36.0M | $33.4M | $28.3M | $41.2M | $25.8M |
| EPS (diluted) | $0.78 | $0.70 | $0.72 | $0.82 | $0.79 | $0.79 | $0.77 | $0.66 | $0.66 | $0.63 | $0.57 | $0.51 |
| Gross margin | 50.1% | 50.1% | 50.0% | 50.0% | 50.8% | 51.0% | 49.6% | 49.7% | 49.9% | 46.1% | 44.9% | 48.5% |
| Operating margin | 20.4% | 22.4% | 24.7% | 25.3% | 25.9% | 27.6% | 26.7% | 26.4% | 25.2% | 21.9% | 19.4% | 23.7% |
| Net margin | 17.5% | 26.0% | 28.0% | −42.2% | 27.3% | 28.9% | 28.1% | 29.1% | 27.3% | 25.6% | 23.4% | 27.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CAMT's financial statements (latest annual report filed March 19, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CAMT financial results
In fiscal year 2025 (ended December 31, 2025), Camtek reported revenue of $496.1 million, up 15.6% from the year before. It had net income of $50.7 million (down 57.2%), a net profit margin of 10.2%. Diluted earnings per share came to $3.12. Over five years revenue grew at an average rate of 26.1% a year.
See the CAMT stock overview for the latest quote and news, or the CAMT chart for price history and technical indicators.
CAMT income statement FAQ
What is Camtek's annual revenue?
Camtek reported total revenue of $496.1 million for fiscal year 2025, which ended on December 31, 2025. That was up 15.6% from $429.2 million the previous year.
Is Camtek profitable?
Yes. Camtek reported net income of $50.7 million in fiscal 2025, a net profit margin of 10.2%; its operating margin was 25.8%.
What is Camtek's gross margin?
Camtek's gross margin was 50.5% in fiscal 2025: for every $100 of revenue, Camtek kept $50 after the direct cost of its products and services.
How much does Camtek spend on research and development?
Camtek spent $48.3 million on research and development in fiscal 2025, 9.7% of revenue.
How fast is Camtek growing?
Revenue grew 26.1% a year on average over the last five fiscal years, from $155.9 million to $496.1 million.
What are Camtek's earnings per share?
Camtek earned $3.12 per diluted share in fiscal 2025, compared with $2.72 a year earlier.
When will Camtek report its next earnings?
Camtek is expected to report results for the quarter ending September 30, 2026 on November 9, 2026 before the market opens.
When does Camtek's fiscal year end?
Camtek's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 19, 2026.