Photronics Income Statement

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

Millions USD. Fiscal year is Nov - Oct.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 1, 2026	Oct '25 Oct 31, 2025	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022	Oct '21 Oct 31, 2021
Revenue	862.22	849.29	866.95	892.08	824.55	663.76
Revenue Growth (YoY)	-0.06%	-2.04%	-2.82%	8.19%	24.22%	8.87%
Cost of Revenue	559.23	549.46	551	555.91	530.34	496.72
Gross Profit	303	299.83	315.95	336.16	294.21	167.04
Selling, General & Admin	77.84	75.63	77.76	69.46	63.99	57.53
Research & Development	14.14	15.8	16.58	13.65	18.34	18.49
Other Operating Expenses	0.18	0.24	0.09	-	0.02	-3.53
Operating Expenses	92.15	91.67	94.43	83.11	82.35	72.49
Operating Income	210.84	208.16	221.52	253.05	211.87	94.55
Interest Expense	-0.06	-0.06	-0.33	-0.43	-1.86	-1.69
Interest & Investment Income	21.98	21.98	24.06	14.86	1.68	1.17
Currency Exchange Gain (Loss)	-8.31	-8.31	2.17	2.47	27.34	7.97
EBT Excluding Unusual Items	219.15	221.78	247.42	269.95	239.03	102.01
Gain (Loss) on Sale of Investments	0.01	0.01	-	-	-	-
Pretax Income	219.16	221.78	247.42	269.95	239.03	102.01
Income Tax Expense	27	31.55	63.57	70.31	59.79	23.19
Earnings From Continuing Operations	192.15	190.23	183.85	199.63	179.24	78.82
Minority Interest in Earnings	-55.66	-53.83	-53.16	-74.15	-60.46	-23.37
Net Income	136.49	136.41	130.69	125.49	118.79	55.45
Net Income to Common	136.49	136.41	130.69	125.49	118.79	55.45
Net Income Growth	-7.37%	4.38%	4.15%	5.64%	114.23%	63.95%
Shares Outstanding (Basic)	59	60	62	61	61	61
Shares Outstanding (Diluted)	59	60	62	62	61	62
Shares Change (YoY)	-5.82%	-3.96%	1.03%	0.92%	-1.31%	-5.30%
EPS (Basic)	2.33	2.29	2.12	2.05	1.96	0.90
EPS (Diluted)	2.33	2.28	2.09	2.03	1.94	0.89
EPS Growth	-0.79%	9.09%	2.96%	4.64%	117.98%	71.15%
Free Cash Flow	66.01	59.66	130.5	170.88	162.85	41.67
Free Cash Flow Per Share	1.12	1.00	2.09	2.77	2.66	0.67
Gross Margin	35.14%	35.30%	36.44%	37.68%	35.68%	25.17%
Operating Margin	24.45%	24.51%	25.55%	28.37%	25.70%	14.24%
Profit Margin	15.83%	16.06%	15.07%	14.07%	14.41%	8.35%
Free Cash Flow Margin	7.66%	7.03%	15.05%	19.16%	19.75%	6.28%
EBITDA	287.46	285.77	304.32	333.89	292.2	184.95
EBITDA Margin	33.34%	33.65%	35.10%	37.43%	35.44%	27.86%
D&A For EBITDA	76.62	77.61	82.81	80.84	80.33	90.4
EBIT	210.84	208.16	221.52	253.05	211.87	94.55
EBIT Margin	24.45%	24.51%	25.55%	28.37%	25.70%	14.24%
Effective Tax Rate	12.32%	14.23%	25.69%	26.05%	25.01%	22.73%

Updated Feb 1, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q