NASDAQ : CAMT
Camtek Ltd. — Financial statements
Technology · Semiconductor Equipment & Materials · Israel
Last price 126.67 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 5.91B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Camtek Ltd. (CAMT) reported revenue of 509.02M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 509.02M | 496.07M | 429.23M | 315.38M | 320.91M | 269.66M |
| Cost of Revenue | 250.54M | 242.05M | 214.95M | 167.74M | 161.05M | 132.31M |
| Gross Profit | 258.48M | 254.02M | 214.29M | 147.63M | 159.86M | 137.34M |
| Selling, General & Admin | 79.23M | 73.77M | 63.59M | 50.75M | 49.50M | 42.97M |
| Research & Development | 57.52M | 48.34M | 38.29M | 31.47M | 28.86M | 23.47M |
| Operating Expenses | 136.75M | 122.11M | 101.88M | 82.22M | 78.36M | 66.45M |
| Operating Income | 121.72M | 131.91M | 112.41M | 65.41M | 81.50M | 70.90M |
| Interest Expense | -2.87M | -2.87M | -1.71M | -1.75M | -1.61M | -436.00K |
| Interest & Investment Income | 29.04M | 29.04M | 24.84M | 24.05M | 8.65M | 1.41M |
| Currency Exchange Gain (Loss) | -1.10M | -1.10M | 37.00K | -78.00K | -351.00K | 58.00K |
| Other Non Operating Income (Expenses) | 4.75M | |||||
| EBT Excluding Unusual Items | 151.54M | 156.97M | 135.57M | 87.63M | 88.19M | 71.93M |
| Asset Writedown | -3.70M | -3.70M | -4.34M | |||
| Other Unusual Items | -100.93M | -100.93M | ||||
| Pretax Income | 46.91M | 52.34M | 131.24M | 87.63M | 88.19M | 71.93M |
| Income Tax Expense | 9.24M | 1.61M | 12.72M | 9.00M | 8.24M | 11.65M |
| Earnings From Continuing Operations | 37.67M | 50.72M | 118.52M | 78.63M | 79.95M | 60.28M |
| Net Income | 37.67M | 50.72M | 118.52M | 78.63M | 79.95M | 60.28M |
| Net Income to Common | 37.67M | 50.72M | 118.52M | 78.63M | 79.95M | 60.28M |
| Shares Outstanding (Basic) | 46.14M | 45.70M | 45.28M | 44.73M | 44.16M | 43.64M |
| Shares Outstanding (Diluted) | 51.03M | 49.97M | 49.37M | 48.86M | 48.23M | 45.03M |
| EPS (Basic) | 0.82 | 1.11 | 2.62 | 1.76 | 1.81 | 1.38 |
| EPS (Diluted) | 0.78 | 1.05 | 2.42 | 1.63 | 1.68 | 1.34 |
| Free Cash Flow | 127.47M | 112.14M | 71.23M | 49.60M | 56.89M | |
| Free Cash Flow Per Share | 2.55 | 2.27 | 1.46 | 1.03 | 1.26 | |
| Dividend Per Share | 1.33 | |||||
| Gross Margin | 50.78% | 51.21% | 49.92% | 46.81% | 49.81% | 50.93% |
| Operating Margin | 23.91% | 26.59% | 26.19% | 20.74% | 25.40% | 26.29% |
| Profit Margin | 7.40% | 10.22% | 27.61% | 24.93% | 24.91% | 22.35% |
| Free Cash Flow Margin | 25.70% | 26.12% | 22.59% | 15.46% | 21.10% | |
| EBITDA | 133.64M | 143.69M | 123.07M | 71.20M | 85.59M | 73.71M |
| EBITDA Margin | 26.25% | 28.97% | 28.67% | 22.57% | 26.67% | 27.33% |
| D&A For EBITDA | 11.92M | 11.78M | 10.67M | 5.78M | 4.09M | 2.81M |
| EBIT | 121.72M | 131.91M | 112.41M | 65.41M | 81.50M | 70.90M |
| EBIT Margin | 23.91% | 26.59% | 26.19% | 20.74% | 25.40% | 26.29% |
| Effective Tax Rate | 19.70% | 3.08% | 9.70% | 10.27% | 9.34% | 16.20% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 215.23M | 177.85M | 126.22M | 119.97M | 148.16M | 241.94M |
| Short-Term Investments | 415.13M | 490.31M | 261.81M | 234.07M | 251.50M | 156.00M |
| Cash & Short-Term Investments | 630.36M | 668.16M | 388.04M | 354.03M | 399.66M | 397.94M |
| Accounts Receivable | 153.92M | 90.83M | 99.47M | 87.30M | 80.61M | 57.83M |
| Other Receivables | 21.41M | 14.73M | 12.08M | 6.58M | 3.09M | |
| Receivables | 153.92M | 112.23M | 114.20M | 99.38M | 87.19M | 60.91M |
| Inventory | 99.82M | 112.20M | 111.20M | 85.91M | 65.54M | 58.76M |
| Prepaid Expenses | 3.41M | 5.50M | 5.16M | 3.83M | 2.02M | |
| Other Current Assets | 40.32M | 990.00K | 1.12M | 2.31M | 747.00K | 542.00K |
| Total Current Assets | 924.42M | 897.00M | 620.06M | 546.79M | 556.96M | 520.18M |
| Property, Plant & Equipment | 69.33M | 65.11M | 54.20M | 41.99M | 33.14M | 25.40M |
| Long-Term Investments | 185.47M | 182.94M | 87.11M | 73.58M | 79.00M | |
| Goodwill | 112.74M | 74.34M | 74.34M | 74.34M | ||
| Other Intangible Assets | 16.65M | 10.06M | 13.36M | 16.94M | 597.00K | 610.00K |
| Long-Term Deferred Tax Assets | 11.66M | 12.93M | 3.09M | 2.64M | 1.00M | 227.00K |
| Other Long-Term Assets | 18.78M | 17.45M | 39.88M | 31.39M | 6.38M | 37.34M |
| Total Assets | 1.34B | 1.26B | 892.04M | 787.67M | 677.09M | 583.76M |
| Accounts Payable | 48.40M | 33.68M | 46.63M | 42.19M | 31.67M | 33.55M |
| Accrued Expenses | 48.92M | 41.52M | 34.70M | 39.55M | 41.02M | |
| Current Portion of Leases | 2.12M | 2.49M | 1.69M | 1.30M | 1.02M | |
| Current Unearned Revenue | 4.25M | |||||
| Other Current Liabilities | 76.94M | 22.71M | 33.27M | 18.10M | 15.99M | 9.86M |
| Total Current Liabilities | 125.34M | 107.42M | 123.91M | 96.67M | 88.50M | 89.69M |
| Long-Term Debt | 488.50M | 519.83M | 197.93M | 196.83M | 195.74M | 194.64M |
| Long-Term Leases | 8.84M | 6.66M | 2.63M | 2.40M | 1.91M | |
| Long-Term Unearned Revenue | 3.63M | 7.30M | 6.26M | 5.06M | 2.62M | |
| Long-Term Deferred Tax Liabilities | 1.26M | 5.61M | 7.54M | |||
| Other Long-Term Liabilities | 15.05M | 1.84M | 1.40M | 1.58M | 1.28M | 1.27M |
| Total Liabilities | 628.89M | 642.83M | 342.81M | 311.52M | 292.99M | 290.13M |
| Common Stock | 181.00K | 178.00K | 177.00K | 176.00K | 175.00K | 172.00K |
| Additional Paid-In Capital | 272.74M | 231.89M | 214.93M | 200.39M | 187.10M | 176.58M |
| Retained Earnings | 441.49M | 386.54M | 335.82M | 277.35M | 198.72M | 118.77M |
| Treasury Stock | -1.90M | -1.90M | -1.90M | -1.90M | -1.90M | -1.90M |
| Comprehensive Income & Other | -2.35M | 287.00K | 203.00K | 129.00K | ||
| Shareholders' Equity | 710.16M | 617.00M | 549.24M | 476.15M | 384.10M | 293.63M |
| Total Liabilities & Equity | 1.34B | 1.26B | 892.04M | 787.67M | 677.09M | 583.76M |
| Total Debt | 488.50M | 530.79M | 207.07M | 201.15M | 199.44M | 197.57M |
| Net Cash (Debt) | 327.34M | 320.31M | 268.08M | 226.46M | 200.22M | 200.37M |
| Net Cash Per Share | 6.41 | 6.41 | 5.43 | 4.63 | 4.15 | 4.45 |
| Filing Date Shares Outstanding | 46.67M | 46.55M | 45.59M | 45.13M | 44.56M | 43.85M |
| Total Common Shares Outstanding | 46.67M | 45.83M | 45.45M | 44.90M | 44.41M | 43.85M |
| Working Capital | 799.08M | 789.57M | 496.15M | 450.11M | 468.46M | 430.49M |
| Book Value Per Share | 15.22 | 13.46 | 12.08 | 10.60 | 8.65 | 6.70 |
| Tangible Book Value | 580.77M | 532.60M | 461.53M | 384.87M | 383.50M | 293.02M |
| Tangible Book Value Per Share | 12.44 | 11.62 | 10.15 | 8.57 | 8.63 | 6.68 |
| Land | 1.42M | 1.40M | 1.40M | 863.00K | 863.00K | |
| Buildings | 29.54M | 23.44M | 20.73M | 18.49M | 15.21M | |
| Machinery | 54.96M | 42.23M | 35.65M | 26.71M | 20.65M | |
| Leasehold Improvements | 4.74M | 3.51M | 2.10M | 1.89M | 1.64M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 50.72M | 118.52M | 78.63M | 79.95M | 60.28M | |
| Depreciation & Amortization | 11.78M | 10.67M | 5.78M | 4.09M | 2.81M | |
| Other Amortization | 1.66M | 1.09M | 1.09M | 1.09M | 113.00K | |
| Loss (Gain) From Sale of Assets | 4.00K | |||||
| Loss (Gain) From Sale of Investments | -1.62M | |||||
| Stock-Based Compensation | 16.89M | 14.50M | 12.60M | 10.52M | 5.82M | |
| Provision & Write-off of Bad Debts | -47.00K | 34.00K | 100.00K | -7.00K | -32.00K | |
| Other Operating Activities | 86.58M | -1.59M | -1.25M | -777.00K | 255.00K | |
| Change in Accounts Receivable | 7.60M | -12.18M | -1.89M | -21.98M | -17.34M | |
| Change in Inventory | -8.29M | -32.15M | -13.69M | -9.52M | -21.70M | |
| Change in Accounts Payable | -13.20M | 4.28M | 10.12M | -2.11M | 6.19M | |
| Change in Other Net Operating Assets | -10.21M | 19.08M | -12.18M | -3.46M | 24.56M | |
| Operating Cash Flow | 141.87M | 122.24M | 79.32M | 57.80M | 60.96M | |
| Capital Expenditures | -14.40M | -10.10M | -8.10M | -8.20M | -4.07M | |
| Cash Acquisitions | 1.29M | -101.78M | ||||
| Sale (Purchase) of Intangibles | -403.00K | -261.00K | -173.00K | -97.00K | -111.00K | |
| Investment in Securities | -321.53M | -41.84M | -55.40M | -95.50M | -84.00M | |
| Other Investing Activities | 26.00M | -5.00M | 58.00M | -47.00M | -32.00M | |
| Investing Cash Flow | -310.32M | -55.91M | -107.45M | -150.79M | -120.18M | |
| Long-Term Debt Issued | 500.00M | 194.53M | ||||
| Long-Term Debt Repaid | -267.28M | -42.00K | ||||
| Net Debt Issued (Repaid) | 232.72M | -42.00K | 194.53M | |||
| Issuance of Common Stock | 42.00K | 182.00K | 3.00K | 271.00K | ||
| Common Dividends Paid | -60.05M | |||||
| Other Financing Activities | -13.73M | |||||
| Financing Cash Flow | 218.99M | -60.05M | 182.00K | 3.00K | 194.80M | |
| Foreign Exchange Rate Adjustments | 1.09M | -26.00K | -241.00K | -795.00K | 546.00K | |
| Net Cash Flow | 51.62M | 6.26M | -28.19M | -93.79M | 136.13M | |
| Free Cash Flow | 127.47M | 112.14M | 71.23M | 49.60M | 56.89M | |
| Free Cash Flow Margin | 25.70% | 26.12% | 22.59% | 15.46% | 21.10% | |
| Free Cash Flow Per Share | 2.55 | 2.27 | 1.46 | 1.03 | 1.26 | |
| Levered Free Cash Flow | 83.25M | 72.25M | 23.33M | 20.81M | 42.49M | |
| Unlevered Free Cash Flow | 83.38M | 72.22M | 23.33M | 20.72M | 42.65M | |
| Cash Income Tax Paid | 14.49M | 10.45M | 13.81M | 11.84M | 558.00K | |
| Change in Working Capital | -24.09M | -20.98M | -17.64M | -37.08M | -8.29M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.30B | 4.87B | 3.67B | 3.11B | 974.68M | 2.02B |
| Enterprise Value | 4.97B | 4.61B | 3.38B | 2.85B | 777.88M | 1.81B |
| Last Close Price | 116.68 | 106.34 | 80.77 | 68.26 | 21.60 | 45.30 |
| PE Ratio | 145.84 | 95.95 | 30.93 | 39.60 | 12.19 | 33.49 |
| Forward PE | 24.43 | 33.56 | 26.22 | 31.04 | 13.12 | 27.26 |
| PS Ratio | 10.69 | 9.81 | 8.54 | 9.87 | 3.04 | 7.49 |
| PB Ratio | 7.67 | 7.89 | 6.67 | 6.54 | 2.54 | 6.87 |
| P/TBV Ratio | 9.37 | 9.14 | 7.94 | 8.09 | 2.54 | 6.89 |
| P/FCF Ratio | 42.71 | 38.18 | 32.69 | 43.72 | 19.65 | 35.48 |
| P/OCF Ratio | 34.31 | 29.99 | 39.25 | 16.86 | 33.11 | |
| PEG Ratio | 1.02 | 2.15 | 1.20 | 2.12 | 2.20 | |
| EV/Sales Ratio | 10.05 | 9.30 | 7.88 | 9.03 | 2.42 | 6.73 |
| EV/EBITDA Ratio | 38.28 | 32.10 | 27.47 | 39.99 | 9.09 | 24.61 |
| EV/EBIT Ratio | 42.03 | 34.97 | 30.08 | 43.53 | 9.54 | 25.59 |
| EV/FCF Ratio | 40.14 | 36.18 | 30.15 | 39.97 | 15.68 | 31.89 |
| Debt / Equity Ratio | 0.69 | 0.86 | 0.38 | 0.42 | 0.52 | 0.67 |
| Debt / EBITDA Ratio | 3.61 | 3.63 | 1.65 | 2.75 | 2.29 | 2.64 |
| Debt / FCF Ratio | 4.16 | 1.85 | 2.82 | 4.02 | 3.47 | |
| Net Debt / Equity Ratio | -0.46 | -0.52 | -0.49 | -0.48 | -0.52 | -0.68 |
| Net Debt / EBITDA Ratio | -2.45 | -2.23 | -2.18 | -3.18 | -2.34 | -2.72 |
| Net Debt / FCF Ratio | -2.51 | -2.39 | -3.18 | -4.04 | -3.52 | |
| Asset Turnover | 0.44 | 0.46 | 0.51 | 0.43 | 0.51 | 0.62 |
| Inventory Turnover | 2.15 | 2.17 | 2.18 | 2.21 | 2.59 | 2.69 |
| Quick Ratio | 6.26 | 7.26 | 4.05 | 4.69 | 5.50 | 5.12 |
| Current Ratio | 7.38 | 8.35 | 5.00 | 5.66 | 6.29 | 5.80 |
| Return on Equity (ROE) | 5.64% | 8.70% | 23.12% | 18.28% | 23.59% | 23.14% |
| Return on Assets (ROA) | 6.58% | 7.66% | 8.37% | 5.58% | 8.08% | 10.17% |
| Return on Invested Capital (ROIC) | 18.30% | 30.15% | 29.36% | 23.15% | 53.32% | 82.45% |
| Return on Capital Employed (ROCE) | 10.00% | 11.40% | 14.60% | 9.50% | 13.80% | 14.30% |
| Earnings Yield | 0.69% | 1.04% | 3.23% | 2.53% | 8.20% | 2.99% |
| FCF Yield | 2.34% | 2.62% | 3.06% | 2.29% | 5.09% | 2.82% |
| Dividend Yield | 1.65% | |||||
| Payout Ratio | 50.66% | |||||
| Buyback Yield / Dilution | -3.35% | -1.22% | -1.04% | -1.31% | -7.09% | -11.55% |
| Total Shareholder Return | -3.35% | -1.22% | 0.61% | -1.31% | -7.09% | -11.55% |