NASDAQ : SILC
Silicom Ltd. — Financial statements
Technology · Communication Equipment · Israel
Last price 33.54 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 192.77M
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Financial statements
Silicom Ltd. (SILC) reported revenue of 86.53M 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 | 86.53M | 61.93M | 58.11M | 124.13M | 150.58M | 128.46M |
| Cost of Revenue | 60.66M | 43.00M | 41.52M | 90.18M | 98.63M | 84.07M |
| Gross Profit | 25.87M | 18.93M | 16.60M | 33.95M | 51.96M | 44.39M |
| Selling, General & Admin | 12.75M | 11.13M | 10.37M | 11.16M | 11.47M | 11.24M |
| Research & Development | 21.58M | 20.05M | 19.51M | 20.64M | 20.56M | 20.09M |
| Operating Expenses | 34.33M | 31.19M | 29.88M | 31.80M | 32.03M | 31.33M |
| Operating Income | -8.46M | -12.26M | -13.28M | 2.15M | 19.93M | 13.06M |
| Interest & Investment Income | 2.48M | 2.62M | 2.60M | 1.25M | 230.00K | 927.00K |
| Currency Exchange Gain (Loss) | -918.00K | -918.00K | -625.00K | 163.00K | 2.31M | -1.03M |
| Other Non Operating Income (Expenses) | -49.00K | -49.00K | -11.00K | -45.00K | -74.00K | -48.00K |
| EBT Excluding Unusual Items | -6.95M | -10.61M | -11.32M | 3.52M | 22.39M | 12.90M |
| Impairment of Goodwill | -25.56M | |||||
| Asset Writedown | -5.26M | |||||
| Pretax Income | -6.95M | -10.61M | -11.32M | -27.30M | 22.39M | 12.90M |
| Income Tax Expense | 384.00K | 871.00K | 2.39M | -889.00K | 4.08M | 2.36M |
| Net Income | -7.33M | -11.48M | -13.71M | -26.41M | 18.31M | 10.54M |
| Net Income to Common | -7.33M | -11.48M | -13.71M | -26.41M | 18.31M | 10.54M |
| Shares Outstanding (Basic) | 5.73M | 5.71M | 6.02M | 6.70M | 6.70M | 6.83M |
| Shares Outstanding (Diluted) | 5.73M | 5.71M | 6.02M | 6.70M | 6.80M | 6.97M |
| EPS (Basic) | -1.28 | -2.01 | -2.28 | -3.94 | 2.73 | 1.54 |
| EPS (Diluted) | -1.28 | -2.01 | -2.28 | -3.94 | 2.69 | 1.51 |
| Free Cash Flow | -3.35M | 17.36M | 30.80M | -6.18M | -1.51M | |
| Free Cash Flow Per Share | -0.59 | 2.88 | 4.60 | -0.91 | -0.22 | |
| Gross Margin | 29.90% | 30.56% | 28.56% | 27.35% | 34.50% | 34.55% |
| Operating Margin | -9.78% | -19.80% | -22.85% | 1.73% | 13.23% | 10.16% |
| Profit Margin | -8.47% | -18.54% | -23.59% | -21.28% | 12.16% | 8.21% |
| Free Cash Flow Margin | -5.41% | 29.87% | 24.82% | -4.10% | -1.17% | |
| EBITDA | -7.34M | -10.67M | -11.07M | 4.65M | 22.34M | 15.49M |
| EBITDA Margin | -8.48% | -17.24% | -19.05% | 3.74% | 14.84% | 12.06% |
| D&A For EBITDA | 1.12M | 1.59M | 2.21M | 2.50M | 2.42M | 2.44M |
| EBIT | -8.46M | -12.26M | -13.28M | 2.15M | 19.93M | 13.06M |
| EBIT Margin | -9.78% | -19.80% | -22.85% | 1.73% | 13.23% | 10.16% |
| Effective Tax Rate | 18.24% | 18.32% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 13.74M | 35.16M | 51.28M | 46.97M | 30.73M | 29.29M |
| Short-Term Investments | 13.90M | 12.96M | 20.86M | 7.96M | 4.02M | 8.27M |
| Cash & Short-Term Investments | 27.64M | 48.11M | 72.14M | 54.93M | 34.75M | 37.55M |
| Accounts Receivable | 16.91M | 9.19M | 11.75M | 25.00M | 27.26M | 31.12M |
| Other Receivables | 4.78M | 1.83M | 3.52M | 2.72M | 2.26M | 3.59M |
| Receivables | 21.69M | 11.03M | 15.27M | 27.73M | 29.52M | 34.71M |
| Inventory | 72.79M | 52.65M | 41.06M | 51.51M | 87.98M | 75.75M |
| Prepaid Expenses | 912.00K | 1.13M | 829.00K | 936.00K | 768.00K | |
| Other Current Assets | 412.00K | 184.00K | 136.00K | 421.00K | 333.00K | |
| Total Current Assets | 122.12M | 113.11M | 129.79M | 135.13M | 153.62M | 149.12M |
| Property, Plant & Equipment | 9.72M | 9.29M | 10.00M | 10.02M | 12.93M | 13.34M |
| Long-Term Investments | 17.32M | 25.52M | 6.84M | 16.62M | 15.16M | 23.77M |
| Goodwill | 25.56M | 25.56M | ||||
| Other Intangible Assets | 5.06M | 2.57M | 2.30M | 2.25M | 6.71M | 4.31M |
| Long-Term Deferred Tax Assets | 175.00K | 2.36M | 502.00K | 1.62M | ||
| Other Long-Term Assets | 1.74M | 1.67M | 1.48M | 1.36M | 1.72M | 1.88M |
| Total Assets | 156.13M | 152.16M | 150.41M | 167.73M | 216.20M | 219.60M |
| Accounts Payable | 19.87M | 11.12M | 6.48M | 4.14M | 15.92M | 29.92M |
| Accrued Expenses | 9.93M | 5.99M | 6.20M | 8.96M | 15.80M | |
| Current Portion of Leases | 2.04M | 2.02M | 1.67M | 2.07M | 1.55M | 1.81M |
| Other Current Liabilities | 10.47M | 4.19M | 953.00K | 465.00K | 682.00K | 2.78M |
| Total Current Liabilities | 32.38M | 27.25M | 15.09M | 12.88M | 27.11M | 50.31M |
| Long-Term Leases | 3.96M | 4.25M | 4.80M | 3.88M | 6.29M | 7.38M |
| Pension & Post-Retirement Benefits | 3.24M | 3.05M | 2.65M | 2.67M | 3.42M | 3.44M |
| Long-Term Deferred Tax Liabilities | 116.00K | 32.00K | 46.00K | 74.00K | 10.00K | |
| Total Liabilities | 39.59M | 34.67M | 22.57M | 19.47M | 36.90M | 61.14M |
| Common Stock | 80.50M | 22.00K | 22.00K | 22.00K | 22.00K | 22.00K |
| Additional Paid-In Capital | 76.62M | 73.84M | 70.67M | 66.56M | 63.39M | |
| Retained Earnings | 91.22M | 96.01M | 107.49M | 121.20M | 147.61M | 130.05M |
| Treasury Stock | -55.17M | -55.17M | -53.51M | -43.63M | -34.90M | -34.99M |
| Shareholders' Equity | 116.55M | 117.49M | 127.84M | 148.26M | 179.29M | 158.46M |
| Total Liabilities & Equity | 156.13M | 152.16M | 150.41M | 167.73M | 216.20M | 219.60M |
| Total Debt | 6.00M | 6.27M | 6.47M | 5.95M | 7.84M | 9.19M |
| Net Cash (Debt) | 38.96M | 67.36M | 72.52M | 65.60M | 42.08M | 52.14M |
| Net Cash Per Share | 6.80 | 11.80 | 12.05 | 9.79 | 6.19 | 7.48 |
| Filing Date Shares Outstanding | 5.78M | 5.71M | 5.77M | 6.41M | 6.74M | 6.71M |
| Total Common Shares Outstanding | 5.78M | 5.71M | 5.77M | 6.41M | 6.74M | 6.71M |
| Working Capital | 89.74M | 85.86M | 114.70M | 122.25M | 126.50M | 98.81M |
| Book Value Per Share | 20.15 | 20.59 | 22.17 | 23.15 | 26.61 | 23.62 |
| Tangible Book Value | 111.49M | 114.92M | 125.54M | 146.01M | 147.02M | 128.59M |
| Tangible Book Value Per Share | 19.28 | 20.14 | 21.77 | 22.79 | 21.82 | 19.16 |
| Machinery | 12.15M | 11.94M | 21.69M | 20.49M | 18.43M | |
| Leasehold Improvements | 2.73M | 2.74M | 3.55M | 3.47M | 3.41M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -11.48M | -13.71M | -26.41M | 18.31M | 10.54M | |
| Depreciation & Amortization | 1.59M | 2.21M | 2.50M | 2.42M | 2.44M | |
| Asset Writedown & Restructuring Costs | 30.82M | |||||
| Loss (Gain) From Sale of Investments | -415.00K | -318.00K | -140.00K | -20.00K | 621.00K | |
| Stock-Based Compensation | 2.79M | 3.17M | 3.35M | 3.58M | 2.86M | |
| Other Operating Activities | 2.90M | 6.03M | 4.55M | 4.18M | 5.29M | |
| Change in Accounts Receivable | 2.55M | 13.26M | 2.24M | 3.69M | -9.47M | |
| Change in Inventory | -14.55M | 6.58M | 29.91M | -15.29M | -33.53M | |
| Change in Accounts Payable | 5.29M | 2.15M | -11.51M | -12.41M | 15.03M | |
| Change in Other Net Operating Assets | 9.17M | -1.07M | -3.38M | -8.54M | 7.29M | |
| Operating Cash Flow | -2.16M | 18.29M | 31.93M | -4.09M | 1.08M | |
| Capital Expenditures | -1.19M | -932.00K | -1.12M | -2.09M | -2.59M | |
| Sale (Purchase) of Intangibles | -607.00K | -365.00K | -1.09M | -2.60M | -3.57M | |
| Investment in Securities | -10.63M | -2.98M | -5.30M | 12.03M | 22.92M | |
| Other Investing Activities | 934.00K | |||||
| Investing Cash Flow | -12.42M | -4.28M | -7.52M | 8.27M | 16.77M | |
| Issuance of Common Stock | 1.35M | 2.38M | 4.51M | |||
| Repurchase of Common Stock | -1.66M | -9.88M | -9.32M | -3.43M | -14.29M | |
| Financing Cash Flow | -1.66M | -9.88M | -7.97M | -1.05M | -9.78M | |
| Foreign Exchange Rate Adjustments | 114.00K | 184.00K | -197.00K | -1.68M | 542.00K | |
| Net Cash Flow | -16.13M | 4.31M | 16.24M | 1.45M | 8.61M | |
| Free Cash Flow | -3.35M | 17.36M | 30.80M | -6.18M | -1.51M | |
| Free Cash Flow Margin | -5.41% | 29.87% | 24.82% | -4.10% | -1.17% | |
| Free Cash Flow Per Share | -0.59 | 2.88 | 4.60 | -0.91 | -0.22 | |
| Levered Free Cash Flow | -626.12K | 20.95M | 28.89M | -16.48M | -7.89M | |
| Unlevered Free Cash Flow | -626.12K | 20.95M | 28.89M | -16.48M | -7.89M | |
| Cash Income Tax Paid | 861.00K | 917.00K | 301.00K | -411.00K | 2.37M | |
| Change in Working Capital | 2.46M | 20.91M | 17.25M | -32.55M | -20.68M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 178.29M | 83.41M | 99.47M | 122.29M | 280.33M | 355.09M |
| Enterprise Value | 139.33M | 14.06M | 29.03M | 61.53M | 245.21M | 298.02M |
| Last Close Price | 31.02 | 14.70 | 16.31 | 18.10 | 42.15 | 51.60 |
| PE Ratio | 15.31 | 33.69 | ||||
| Forward PE | 110.79 | 62.84 | 62.84 | 12.39 | 13.17 | 22.63 |
| PS Ratio | 2.06 | 1.35 | 1.71 | 0.98 | 1.86 | 2.76 |
| PB Ratio | 1.54 | 0.71 | 0.78 | 0.82 | 1.56 | 2.24 |
| P/TBV Ratio | 1.60 | 0.73 | 0.79 | 0.84 | 1.91 | 2.76 |
| P/FCF Ratio | 5.73 | 3.97 | ||||
| P/OCF Ratio | 5.44 | 3.83 | 329.09 | |||
| PEG Ratio | 1.23 | 1.23 | 1.23 | 1.23 | 1.23 | |
| EV/Sales Ratio | 1.61 | 0.23 | 0.50 | 0.50 | 1.63 | 2.32 |
| EV/EBITDA Ratio | 13.24 | 10.98 | 19.23 | |||
| EV/EBIT Ratio | 28.61 | 12.31 | 22.82 | |||
| EV/FCF Ratio | 1.67 | 2.00 | ||||
| Debt / Equity Ratio | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 | 0.06 |
| Debt / EBITDA Ratio | 0.87 | 0.32 | 0.52 | |||
| Debt / FCF Ratio | 0.37 | 0.19 | ||||
| Net Debt / Equity Ratio | -0.33 | -0.57 | -0.57 | -0.44 | -0.23 | -0.33 |
| Net Debt / EBITDA Ratio | 5.31 | 6.31 | 6.55 | -14.11 | -1.88 | -3.37 |
| Net Debt / FCF Ratio | 20.11 | -4.18 | -2.13 | 6.81 | 34.60 | |
| Asset Turnover | 0.56 | 0.41 | 0.36 | 0.65 | 0.69 | 0.62 |
| Inventory Turnover | 1.03 | 0.92 | 0.90 | 1.29 | 1.21 | 1.36 |
| Quick Ratio | 1.52 | 2.17 | 5.79 | 6.42 | 2.37 | 1.44 |
| Current Ratio | 3.77 | 4.15 | 8.60 | 10.49 | 5.67 | 2.96 |
| Return on Equity (ROE) | -6.21% | -9.36% | -9.93% | -16.13% | 10.84% | 6.73% |
| Return on Assets (ROA) | -3.44% | -5.07% | -5.22% | 0.70% | 5.71% | 3.93% |
| Return on Invested Capital (ROIC) | -9.15% | -17.79% | -16.45% | 1.71% | 11.54% | 9.11% |
| Return on Capital Employed (ROCE) | -6.80% | -9.80% | -9.80% | 1.40% | 10.50% | 7.70% |
| Earnings Yield | -4.12% | -13.76% | -13.78% | -21.60% | 6.53% | 2.97% |
| FCF Yield | -12.89% | -4.01% | 17.45% | 25.19% | -2.20% | -0.42% |
| Buyback Yield / Dilution | 0.08% | 5.20% | 10.15% | 1.42% | 2.47% | 2.63% |
| Total Shareholder Return | 0.08% | 5.20% | 10.15% | 1.42% | 2.47% | 2.63% |