Photronics, Inc. (FRA:PQ2)

Photronics Income Statement

Financials in millions USD. Fiscal year is November - October.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021
Revenue	849.29	866.95	892.08	824.55	663.76
Revenue Growth (YoY)	-2.04%	-2.82%	8.19%	24.22%	8.87%
Cost of Revenue	549.46	551	555.91	530.34	496.72
Gross Profit	299.83	315.95	336.16	294.21	167.04
Selling, General & Admin	75.63	77.76	69.46	63.99	57.53
Research & Development	15.8	16.58	13.65	18.34	18.49
Other Operating Expenses	0.24	0.09	-	0.02	-3.53
Operating Expenses	91.67	94.43	83.11	82.35	72.49
Operating Income	208.16	221.52	253.05	211.87	94.55
Interest Expense	-0.06	-0.33	-0.43	-1.86	-1.69
Interest & Investment Income	21.98	24.06	14.86	1.68	1.17
Currency Exchange Gain (Loss)	-8.31	2.17	2.47	27.34	7.97
EBT Excluding Unusual Items	221.78	247.42	269.95	239.03	102.01
Gain (Loss) on Sale of Investments	0.01	-	-	-	-
Pretax Income	221.78	247.42	269.95	239.03	102.01
Income Tax Expense	31.55	63.57	70.31	59.79	23.19
Earnings From Continuing Operations	190.23	183.85	199.63	179.24	78.82
Minority Interest in Earnings	-53.83	-53.16	-74.15	-60.46	-23.37
Net Income	136.41	130.69	125.49	118.79	55.45
Net Income to Common	136.41	130.69	125.49	118.79	55.45
Net Income Growth	4.38%	4.15%	5.64%	114.23%	63.95%
Shares Outstanding (Basic)	60	62	61	61	61
Shares Outstanding (Diluted)	60	62	62	61	62
Shares Change (YoY)	-3.96%	1.03%	0.92%	-1.31%	-5.30%
EPS (Basic)	2.29	2.12	2.05	1.96	0.90
EPS (Diluted)	2.28	2.09	2.03	1.94	0.89
EPS Growth	9.09%	2.96%	4.64%	117.98%	71.15%
Free Cash Flow	59.66	130.5	170.88	162.85	41.67
Free Cash Flow Per Share	1.00	2.09	2.77	2.66	0.67
Gross Margin	35.30%	36.44%	37.68%	35.68%	25.17%
Operating Margin	24.51%	25.55%	28.37%	25.70%	14.24%
Profit Margin	16.06%	15.07%	14.07%	14.41%	8.35%
Free Cash Flow Margin	7.03%	15.05%	19.16%	19.75%	6.28%
EBITDA	285.77	304.32	333.89	292.2	184.95
EBITDA Margin	33.65%	35.10%	37.43%	35.44%	27.86%
D&A For EBITDA	77.61	82.81	80.84	80.33	90.4
EBIT	208.16	221.52	253.05	211.87	94.55
EBIT Margin	24.51%	25.55%	28.37%	25.70%	14.24%
Effective Tax Rate	14.23%	25.69%	26.05%	25.01%	22.73%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.