Camtek LTD income statement
In fiscal 2025, Camtek LTD reported revenue of $496m, up 15.6% on the year before, operating income of $128m (a 25.8% margin) and net income of $50.7m, or $1.04 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 54 | 88 | 107 | 85 | 85 | 88 | 69 | 79 | 93 | 123 | 134 | 156 | 270 | 321 | 315 | 429 | 496 |
| Cost of revenue | 36 | 49 | 60 | 47 | 51 | 47 | 38 | 47 | 48 | 62 | 69 | 83 | 132 | 161 | 168 | 219 | 246 |
| Gross profit | 17 | 38 | 47 | 37 | 34 | 41 | 32 | 32 | 46 | 61 | 65 | 73 | 137 | 160 | 148 | 210 | 250 |
| Research and development | 10 | 13 | 14 | 13 | 14 | 14 | 11 | 13 | 14 | 15 | 16 | 20 | 23 | 29 | 31 | 38 | 48 |
| Selling, general and administrative | 18 | 21 | 24 | 21 | 22 | 21 | 19 | 22 | 22 | 26 | 26 | 31 | 43 | 49 | 51 | 64 | 74 |
| Operating income | −11 | 5 | 9 | −0 | 1 | 5 | −14 | 2 | −3 | 20 | 22 | 23 | 71 | 81 | 65 | 108 | 128 |
| Interest expense | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | — | — | — | — | — | — | — |
| Provision for credit losses | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income before tax | −11 | 3 | 6 | 0 | −1 | 4 | −15 | 1 | −3 | 21 | 23 | 23 | 72 | 88 | 88 | 131 | 52 |
| Income tax | 0 | 1 | 1 | 0 | −1 | 1 | −2 | 0 | −5 | 2 | 2 | 2 | 12 | 8 | 9 | 13 | 2 |
| Net income | −12 | 3 | 5 | 0 | 0 | 3 | −10 | 5 | 14 | 19 | 22 | 22 | 60 | 80 | 79 | 119 | 51 |
| Diluted EPS | −$0.40 | $0.09 | $0.18 | $0.00 | $0.00 | $0.11 | −$0.30 | $0.13 | $0.39 | $0.51 | $0.57 | $0.54 | $1.34 | $1.68 | $1.63 | $2.42 | $1.04 |
| Diluted shares (average) | 29m | 30m | 30m | 30m | 30m | 31m | 33m | 35m | 36m | 37m | 38m | 40m | 45m | 48m | 49m | 49m | 50m |
| EBITDA | −8 | 7 | 11 | 2 | 4 | 7 | −12 | 4 | −1 | 22 | 24 | 25 | 74 | 86 | 71 | 119 | 140 |
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