Photronics, Inc.

PLABNASDAQTechnology● Active

$29.96

+$0.81(+2.78%)

Market Cap$1.8B

P/E Ratio—

52W High$56

52W Low$17.57

Avg Volume1.2M

Open$30.57

Beta1.37

Free Cash Flow Financials Revenue

Photronics, Inc. (PLAB) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

PLAB · free cash flow · updated Jun 8, 2026

Core FCF metrics

PLAB · FCF · TTM · margin & CAGR

Free cash flow was $59.7M for FY2025 (fiscal year ending 2025-10-31), down 54.3% year-over-year The FCF margin was 7.0%. Five-year CAGR stands at -3.7%.

FY2025 Free Cash Flow$59.7M▼ -54.3% YoY

Trailing 12M (TTM)$96.2Mtrailing 4 quarters sum

FCF Margin7.0%$59.7M ÷ revenue

3-Year CAGR-28.4%FY2022 → FY2025

5-Year CAGR-3.7%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

PLAB · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$247.8M(188M)$59.7M▼ 54.3%7.0%

FY2024$261.4M(131M)$130.5M▼ 23.6%15.1%

FY2023$302.2M(131M)$170.9M▲ +4.9%19.2%

FY2022$275.2M(112M)$162.8M▲ +292.4%19.8%

FY2021$150.8M(109M)$41.5M▼ 42.4%6.3%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

PLAB · P/FCF · FCF yield · FCF per share

Photronics, Inc. (PLAB) trades at a FCF yield of 5.44% and a price-to-free-cash-flow ratio of 18.6x. FCF per share stands at $1.61, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

5.44%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.61

TTM FCF ÷ Shares Outstanding

Price / FCF

x18.6

Share Price ÷ FCF per Share

EV / FCF (TTM)

x13.1

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-10-31

Cash flow statement summary

PLAB · cash flow statement · operating / investing / financing

For FY2025, Photronics, Inc. generated $247.8M in operating cash flow and spent 188M in capital expenditures, yielding $59.7M in free cash flow.

Operating Activities

+$247.8M

Cash from core business operations

2025-10-31

Investing Activities

−$238.9M

CapEx, acquisitions & investments

2025-10-31

Financing Activities

−$115.3M

Buybacks, dividends & debt

2025-10-31

FCF FormulaOperating CF ($247.8M) − |CapEx| (188M) = FCF ($59.7M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

PLAB vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Photronics, Inc.YOU

PLAB

$59.7M-54.3%7.0%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Photronics, Inc. (PLAB) reported free cash flow of $59.7M for FY2025 (fiscal year ending 2025-10-31), down 54.3% year-over-year. The FCF margin was 7.0%.

Based on available data, Photronics, Inc. has maintained positive free cash flow for at least 14 fiscal year(s). FCF peaked at $170.9M in FY2023. The 5-year CAGR stands at -3.7%.

Photronics, Inc.'s FCF yield is 5.44% and price-to-FCF ratio is 18.6x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

PLAB free cash flow · 8 questions

Photronics, Inc. free cash flow was $59.7M for FY2025, down 54.3% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $96.2M.

PLAB free cash flowPLAB FCFPLAB FCF 2025PLAB free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Photronics, Inc. · Photronics, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026