Financials · CAMT

Camtek Ltd. (CAMT) financials

For fiscal 2025 (ended Dec 31, 2025), Camtek Ltd. reported $496.07M of revenue and $50.72M of net income.

Revenue, FY2025
$496.07M
Revenue growth, YoY
+15.6%
Net income, FY2025
$50.72M
Net income growth, YoY
-57.2%
Net margin
10.2%
Free cash flow, FY2025
$127.47M
EPS, diluted, FY2025
$1.04
EPS growth, YoY
-57.0%
Cash
$177.85M
P/E
89.06
P/S
9.11
Market cap
$4.52B
Annual revenue$496.07M
FY2016FY2025
Annual net income$50.72M
FY2016FY2025
Annual free cash flow$127.47M
FY2016FY2025

CAMT revenue and earnings growth

CAMT revenueFY2025$496.07M

FY YoY
+15.6%
5Y CAGR
+26.1%
10Y CAGR
+21.7%

CAMT revenue was $496.07M for fiscal 2025 (ended Dec 31, 2025), up 15.6% from fiscal 2024. Compound annual growth was +26.1% over 5 years and +21.7% over 10 years. It rose in 9 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

CAMT net incomeFY2025$50.72M

FY YoY
-57.2%
5Y CAGR
+18.4%

CAMT net income was $50.72M for fiscal 2025 (ended Dec 31, 2025), down 57.2% from fiscal 2024. Compound annual growth was +18.4% over 5 years. It rose in 6 of the last 9 fiscal years.

CAMT EPSFY2025$1.04

FY YoY
-57.0%
5Y CAGR
+14.0%

CAMT diluted EPS was $1.04 for fiscal 2025 (ended Dec 31, 2025), down 57.0% from fiscal 2024. Compound annual growth was +14.0% over 5 years.

CAMT free cash flowFY2025$127.47M

FY YoY
+13.7%
5Y CAGR
+40.4%

CAMT free cash flow was $127.47M for fiscal 2025 (ended Dec 31, 2025), up 13.7% from fiscal 2024. Compound annual growth was +40.4% over 5 years. It rose in 5 of the last 7 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue$496.07M$429.23M$315.38M$320.91M$269.66M$155.86M$134.02M$123.17M$93.48M$79.23M
Cost of revenue$245.75M$219.28M$167.74M$161.05M$132.31M$82.63M$69.23M$62.38M$47.97M$46.74M
Gross profit$250.32M$209.95M$147.63M$159.86M$137.34M$73.23M$64.78M$60.80M$45.52M$32.49M
Research and development$48.34M$38.29M$31.47M$28.86M$23.47M$19.57M$16.33M$14.58M$13.53M$12.63M
Selling, general and admin$73.77M$63.59M$50.75M$49.50M$42.97M$31.03M$26.48M$26.18M$22.02M$21.90M
Operating income$128.20M$108.07M$65.41M$81.50M$70.90M$22.62M$21.97M$20.03M-$3.04M$2.02M
Interest expense--------$13.0K$246.0K
Pre-tax income$52.34M$131.24M$87.63M$88.19M$71.93M$23.40M$22.77M$20.76M-$3.19M$1.17M
Income tax$1.61M$12.72M$9.00M$8.24M$11.65M$1.62M$1.95M$2.03M-$4.88M$303.0K
Net income$50.72M$118.52M$78.63M$79.95M$60.28M$21.78M$21.99M$18.73M$13.96M$4.73M
EPS, basic$1.11$2.62$1.76$1.81$1.38$0.55$0.58$0.52$0.40$0.13
EPS, diluted$1.04$2.42$1.63$1.68$1.34$0.54$0.57$0.51$0.39$0.13
Diluted shares49,97049,36948,86348,22945,03540,37238,43236.7M36.0M35.4M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$177.85M$126.22M$119.97M$148.16M$241.94M$105.81M$38.05M$54.94M$43.74M$19.74M
Short-term investments$78.86M$30.81M$18.82M$0------
Receivables$90.83M$99.47M$87.30M$80.61M$57.83M$41.00M$31.44M$31.64M$23.15M$22.07M
Inventory$112.20M$111.20M$85.91M$65.54M$58.76M$39.74M$23.80M$30.11M$21.34M$16.65M
Current assets$897.00M$620.06M$546.79M$556.96M$520.18M$261.92M$147.70M$119.30M$91.45M$85.63M
Goodwill$74.34M$74.34M$74.34M$0------
Total assets$1.26B$892.04M$787.67M$677.09M$583.76M$287.91M$170.37M$141.55M$113.04M$105.56M
Current liabilities$107.42M$123.91M$96.67M$88.50M$89.69M$57.38M$31.61M$38.72M$27.90M$31.53M
Total liabilities$642.83M$342.81M$311.52M$292.99M$290.13M$60.64M$34.07M$40.14M$28.73M$32.19M
Shareholders' equity$617.00M$549.24M$476.15M$384.10M$293.63M$227.26M$136.30M$101.41M$84.30M$73.36M

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow$141.87M$122.24M$79.32M$57.80M$60.96M$25.75M$24.63M$16.79M$1.64M-$17.35M
Capital expenditures$14.40M$10.10M$8.10M$8.20M$4.07M$2.41M$1.26M$2.24M$3.14M$1.29M
Free cash flow$127.47M$112.14M$71.23M$49.60M$56.89M$23.34M$23.37M$14.55M-$1.50M-$18.64M
Investing cash flow-$310.32M-$55.91M-$107.45M-$150.79M-$120.18M-$23.13M-$51.60M-$2.26M$26.63M$6.24M
Financing cash flow$218.99M-$60.05M$182.0K$3.0K$194.80M$64.92M$10.02M-$3.31M-$3.66M-$4.0K
Depreciation and amortization$11.78M$10.67M$5.78M$4.09M$2.81M$2.23M$2.13M$1.97M$2.12M$1.96M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY15.6%36.1%-1.7%19.0%73.0%16.3%8.8%31.8%18.0%14.2%
Net income growth, YoY-57.2%50.7%-1.6%32.6%176.8%-0.9%17.4%34.2%194.9%-
EPS growth, YoY-57.0%48.5%-3.0%25.4%148.1%-5.3%-30.8%200.0%-
Gross margin50.5%48.9%46.8%49.8%50.9%47.0%48.3%49.4%48.7%41.0%
Operating margin25.8%25.2%20.7%25.4%26.3%14.5%16.4%16.3%-3.2%2.5%
Net margin10.2%27.6%24.9%24.9%22.4%14.0%16.4%15.2%14.9%6.0%
Free cash flow margin25.7%26.1%22.6%15.5%21.1%15.0%17.4%11.8%-1.6%-23.5%
Return on equity8.2%21.6%16.5%20.8%20.5%9.6%16.1%18.5%16.6%6.5%
Return on assets4.0%13.3%10.0%11.8%10.3%7.6%12.9%13.2%12.4%4.5%
Current ratio8.355.005.666.295.804.564.673.083.282.72

Source: XBRL data Camtek Ltd. files with the SEC, latest filing dated Mar 19, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.

CAMT peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
CAMT$496.07M+15.6%$50.72M10.2%$4.52B
KLAC$14.51B+15.8%$5.26B36.2%$180.45B
SNDK$28.97B+272.4%$19.42B67.0%$118.82B
STX$13.80B+44.4%$4.40B31.9%$105.83B
WDC$14.48B+43.0%$10.02B69.2%$98.74B
TEL$19.32B+16.5%$3.02B15.6%$59.93B
COHR$7.91B+30.8%$960.42M12.1%$37.97B
NTAP$7.39B+12.2%$1.42B19.2%$33.23B
P$4.26B+27.2%$253.28M5.9%$32.24B

CAMT FAQ

9 questions
  • What is CAMT revenue?
    Camtek Ltd. (CAMT) reported $496.07M of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 15.6% from the year before.
  • Is CAMT profitable?
    Yes. Camtek Ltd. earned $50.72M in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 10.2%.
  • How much cash and debt does CAMT have?
    Camtek Ltd. reported $177.85M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is CAMT revenue growing?
    Camtek Ltd.'s revenue changed +15.6% in fiscal 2025, to $496.07M. Its compound annual growth rate was +26.1% over 5 years and +21.7% over 10 years.
  • What is CAMT gross margin?
    Camtek Ltd.'s gross profit was $250.32M on $496.07M of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 50.5%.
  • What is CAMT free cash flow?
    Camtek Ltd. generated $127.47M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of $141.87M less capital expenditures.
  • What is CAMT earnings per share?
    Diluted earnings per share were $1.04 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.
  • When did CAMT last report financial results?
    The latest statements here come from Camtek Ltd.'s 20-F filed on Mar 19, 2026, covering the period ended Dec 31, 2025.
  • Where does this CAMT financial data come from?
    Quantisnow builds these statements from the structured XBRL data Camtek Ltd. files with the SEC. It is provided for information only and is not investment advice.