CAMT CAMTEK LTD

Overview and Growth

Fiscal 2025 results for CAMTEK LTD combined $496.07M of revenue with net income of $50.72M and an operating cash inflow of $141.87M. Revenue of $496.07M sets the scale for evaluating how effectively sales translated into profit and cash during the year. Compared with $429.23M in fiscal 2024, revenue recorded a 15.6% year-over-year increase. Diluted earnings per share were $1.04, translating the period’s attributable earnings into the amount reported for each diluted share. The per-share result recorded a 57.0% decrease from fiscal 2024 diluted EPS of $2.42. Asset turnover was 0.39x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

After reported cost of revenue, the company retained $250.32M as gross profit before recognizing operating expenses and other items. The gross-profit relationship equaled 50.5% of revenue, quantifying the portion retained before operating expenses were recognized. Operations produced $128.20M of income after the reported operating expense base, before the remaining non-operating and tax effects. Relative to revenue, operating income represented 25.8%, showing how efficiently sales converted into operating profit. After all reported below-operating-line items, the company recorded net income of $50.72M for the fiscal year. Net margin was 10.2%, meaning that this portion of revenue remained as net income after all recognized expenses. The earnings statement records $52.34M of pretax income, the profit base against which the reported tax provision can be assessed. The pretax margin was 10.5%, relating income before taxes directly to revenue. The reported income-tax provision was $1.61M, the amount recognized between pretax income and the final net-income result. Relative to pretax income, the tax provision measured 3.1%, quantifying the portion of pre-tax earnings paid in income tax. Net income equaled 8.2% of period-end equity, showing the earnings generated on shareholders’ book capital. Net income represented 4.0% of period-end assets, placing the company’s bottom-line result against the total resource base employed.

Liquidity and Capital Structure

At period end, the $1.26B asset base was financed through $642.83M of liabilities and $617.00M of equity. Current assets were $897.00M against $107.42M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. The current ratio was 8.35x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. Cash and equivalents totaled $177.85M, identifying the most liquid reported component available within the broader current-asset balance. The cash balance equaled 165.6% of current liabilities, showing how much near-term coverage came from cash alone. The liabilities-to-assets relationship was 51.0%, placing reported obligations against the full positive asset balance. Cash and equivalents equaled 14.1% of total assets, showing the liquid cash component within the company’s broader resource base. Compared with $892.04M in fiscal 2024, the current asset base moved 41.2% and finished higher.

Cash Flow and Earnings Quality

Cash flow from operations was $141.87M, a reported cash inflow that can be compared directly with net income and capital spending. Against net income, operating cash flow measured 2.8x, showing the relationship between accrual earnings and operating cash. Capital expenditures used $14.40M, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Relative to operating cash flow, capital expenditures measured 10.1%, connecting investment intensity with the company’s cash-generation base. The combination of operating cash flow and capital spending produced $127.47M of positive free cash flow for the period. The free-cash-flow margin was 25.7%, measuring cash remaining after capital spending against revenue. Free cash flow equaled 10.1% of total assets, relating post-investment cash generation to the company’s resource base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.