Photronics, Inc. (PLAB) Income Statement
PLAB FY2025 at a glance
Fiscal year ended October 31, 2025 · U.S. dollarsPLAB revenue and net income
Where PLAB's revenue goes
FY2025Each bar shows an amount and its share of revenue. PLAB kept 16.1% of revenue as net income.
PLAB profit margins
PLAB growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −2.0% | +1.0% | +6.9% | +4.9% |
| Gross profit | −5.1% | +0.6% | +17.4% | +7.7% |
| Operating income | −5.9% | −0.5% | +26.7% | +11.2% |
| Net income | +4.4% | +4.7% | +32.2% | +11.8% |
| EPS (diluted) | −0.5% | +0.8% | +30.8% | +12.4% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PLAB quarterly EPS vs estimates
Photronics beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: December 9, 2026 (estimate $0.44).
PLAB income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $849.3M | $866.9M | $892.1M | $824.5M | $663.8M | $609.7M | $550.7M | $535.3M | $450.7M | $483.5M |
| Cost of revenue | $549.5M | $551.0M | $555.9M | $530.3M | $496.7M | $475.0M | $429.8M | $403.8M | $359.4M | $364.8M |
| Gross profit | $299.8M | $315.9M | $336.2M | $294.2M | $167.0M | $134.7M | $120.8M | $131.5M | $91.3M | $118.7M |
| Research & development | $15.8M | $16.6M | $13.7M | $18.3M | $18.5M | $17.1M | $16.4M | $14.5M | $15.9M | $21.7M |
| Sales, general & admin | $75.6M | $77.8M | $69.5M | $64.0M | $57.5M | $53.6M | $52.3M | $51.4M | $43.6M | $44.6M |
| Total operating expenses | $91.4M | $94.4M | $83.1M | $82.3M | $72.5M | $70.7M | $68.7M | $65.9M | $59.4M | $66.2M |
| Operating income | $208.4M | $221.5M | $253.1M | $211.9M | $94.6M | $63.9M | $52.1M | $65.6M | $31.9M | $52.5M |
| Interest income | $22.0M | $24.1M | $14.9M | $1.7M | $1.2M | $541,000 | $5,000 | $5.2M | $3.1M | $2.4M |
| Interest expense | $55,000 | $334,000 | $433,000 | $1.9M | $1.7M | $2.4M | $1.4M | $2.3M | $5.3M | $3.4M |
| Income before taxes | $221.8M | $247.4M | $269.9M | $239.0M | $102.0M | $61.6M | $50.7M | $68.6M | $26.6M | $60.5M |
| Income taxes | $31.6M | $63.6M | $70.3M | $59.8M | $23.2M | $21.3M | $10.2M | $7.3M | $5.3M | $4.8M |
| Net income | $136.4M | $130.7M | $125.5M | $118.8M | $55.4M | $33.8M | $40.5M | $42.1M | $13.1M | $46.2M |
| EBITDA | $299.4M | $330.6M | $351.2M | $321.2M | $194.1M | $157.8M | $136.0M | $155.2M | $118.4M | $146.7M |
| EPS (diluted) | $2.03 | $2.04 | $2.00 | $1.98 | $0.91 | $0.53 | $0.46 | $0.59 | $0.20 | $0.47 |
| Gross margin | 35.3% | 36.4% | 37.7% | 35.7% | 25.2% | 22.1% | 21.9% | 24.6% | 20.3% | 24.6% |
| Operating margin | 24.5% | 25.6% | 28.4% | 25.7% | 14.2% | 10.5% | 9.5% | 12.3% | 7.1% | 10.9% |
| Net margin | 16.1% | 15.1% | 14.1% | 14.4% | 8.4% | 5.5% | 7.4% | 7.9% | 2.9% | 9.6% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $216.0M | $209.9M | $225.1M | $215.8M | $210.4M | $211.0M | $212.1M | $222.6M | $211.0M | $217.0M | $216.3M | $227.5M |
| Cost of revenue | $144.3M | $144.2M | $146.4M | $140.2M | $139.5M | $133.1M | $136.6M | $140.3M | $135.8M | $137.7M | $137.1M | $142.6M |
| Gross profit | $71.7M | $65.8M | $78.7M | $75.5M | $70.9M | $77.9M | $75.5M | $82.3M | $75.1M | $79.3M | $79.3M | $84.9M |
| Research & development | $3.7M | $2.8M | $2.6M | $3.2M | $4.3M | $4.1M | $4.3M | $5.3M | $3.6M | $4.3M | $3.4M | $3.4M |
| Sales, general & admin | $22.5M | $20.8M | $21.3M | $20.0M | $18.4M | $18.1M | $19.1M | $21.0M | $19.4M | $19.0M | $18.3M | $16.7M |
| Total operating expenses | $26.2M | $23.6M | $23.9M | $23.2M | $22.7M | $22.2M | $23.4M | $26.5M | $23.0M | $23.3M | $21.8M | $20.1M |
| Operating income | $45.5M | $42.2M | $54.8M | $52.3M | $48.2M | $55.7M | $52.2M | $55.8M | $52.1M | $56.0M | $57.5M | $64.8M |
| Interest income | $4.6M | $3.8M | $6.8M | $5.2M | $4.8M | $5.3M | $6.6M | $6.8M | $6.1M | $5.9M | $5.3M | $5.5M |
| Interest expense | $2,000 | $1,000 | $1,000 | $3,000 | $51,000 | $4,000 | $47,000 | $76,000 | $58,000 | $110,000 | $90,000 | $109,000 |
| Income before taxes | $54.9M | $53.9M | $74.5M | $76.0M | $38.7M | $29.9M | $77.2M | $54.8M | $62.3M | $76.6M | $53.7M | $83.4M |
| Income taxes | $11.0M | $10.6M | $14.4M | −$2.7M | $9.6M | $5.7M | $18.9M | $14.6M | $14.1M | $20.2M | $14.7M | $20.3M |
| Net income | $28.9M | $31.4M | $42.9M | $61.8M | $22.9M | $8.9M | $42.9M | $33.9M | $34.4M | $36.3M | $26.2M | $44.6M |
| EBITDA | $75.9M | $73.9M | $94.3M | $94.3M | $57.6M | $49.5M | $98.0M | $76.1M | $82.5M | $97.5M | $74.5M | $104.9M |
| EPS (diluted) | $0.50 | $0.42 | $0.61 | $0.60 | $0.51 | $0.40 | $0.52 | $0.59 | $0.51 | $0.46 | $0.48 | $0.72 |
| Gross margin | 33.2% | 31.3% | 35.0% | 35.0% | 33.7% | 36.9% | 35.6% | 37.0% | 35.6% | 36.5% | 36.6% | 37.3% |
| Operating margin | 21.1% | 20.1% | 24.3% | 24.3% | 22.9% | 26.4% | 24.6% | 25.1% | 24.7% | 25.8% | 26.6% | 28.5% |
| Net margin | 13.4% | 15.0% | 19.1% | 28.6% | 10.9% | 4.2% | 20.2% | 15.2% | 16.3% | 16.7% | 12.1% | 19.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PLAB's financial statements (latest annual report filed December 17, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PLAB financial results
In fiscal year 2025 (ended October 31, 2025), Photronics reported revenue of $849.3 million, down 2.0% from the year before. It had net income of $136.4 million (up 4.4%), a net profit margin of 16.1%. Diluted earnings per share came to $2.03. Over five years revenue grew at an average rate of 6.9% a year.
See the PLAB stock overview for the latest quote and news, or the PLAB chart for price history and technical indicators.
PLAB income statement FAQ
What is Photronics's annual revenue?
Photronics reported total revenue of $849.3 million for fiscal year 2025, which ended on October 31, 2025. That was down 2.0% from $866.9 million the previous year.
Is Photronics profitable?
Yes. Photronics reported net income of $136.4 million in fiscal 2025, a net profit margin of 16.1%; its operating margin was 24.5%.
What is Photronics's gross margin?
Photronics's gross margin was 35.3% in fiscal 2025: for every $100 of revenue, Photronics kept $35 after the direct cost of its products and services.
How much does Photronics spend on research and development?
Photronics spent $15.8 million on research and development in fiscal 2025, 1.9% of revenue.
How fast is Photronics growing?
Revenue grew 6.9% a year on average over the last five fiscal years, from $609.7 million to $849.3 million.
What are Photronics's earnings per share?
Photronics earned $2.03 per diluted share in fiscal 2025, compared with $2.04 a year earlier.
When will Photronics report its next earnings?
Photronics is expected to report results for the quarter ending October 31, 2026 on December 9, 2026 before the market opens.
When does Photronics's fiscal year end?
Photronics's fiscal year ends in October. The latest annual report covers the year ended October 31, 2025 and was filed on December 17, 2025.