Camtek Ltd (CAMT) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 13, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Mar 19, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CAMT SEC filings page.
Camtek Ltd (CAMT) reported $496.1M in revenue for fiscal year 2025, up 15.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Camtek’s operating growth remains profitable, but 2025’s earnings contraction below operating income and a more leveraged balance sheet change the picture.
In FY2025, operating income rose 18.6% while net income fell 57.2%. That pulled net margin from 27.6% to 10.2%; the supplied lines do not identify the below-operating-income item that caused the divergence.
Revenue increased 15.6% in FY2025, while gross margin reached 50.5%. Operating margin also edged up from 25.2% to 25.8%, so the higher sales base translated into more operating profit rather than dilution.
Operating cash flow reached
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Camtek Ltd's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Camtek Ltd has an operating margin of 25.8%, meaning the company retains $26 of operating profit per $100 of revenue. This strong profitability earns a score of 92/100, reflecting efficient cost management and pricing power. This is up from 25.2% the prior year.
Camtek Ltd's revenue surged 15.6% year-over-year to $496.1M, reflecting rapid business expansion. This strong growth earns a score of 87/100.
Camtek Ltd has a moderate D/E ratio of 1.04. This balance of debt and equity financing earns a leverage score of 46/100.
With a current ratio of 8.35, Camtek Ltd holds $8.35 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 97/100.
Camtek Ltd converts 25.7% of revenue into free cash flow ($127.5M). This strong cash generation earns a score of 91/100.
Camtek Ltd earns a strong 8.2% return on equity (ROE), meaning it generates $8 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 77/100. This is down from 21.6% the prior year.
Camtek Ltd scores 8.13, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($6.7B) relative to total liabilities ($642.8M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Camtek Ltd passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Camtek Ltd generates $2.80 in operating cash flow ($141.9M OCF vs $50.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q4 2025.
Cash & Balance Sheet
Camtek Ltd held $177.8M in cash as of Q4 2025; long-term debt is not reported for that period.
Not reported for Q4 2025.
Not reported for Q4 2025.
Margins & Returns
None of these metrics is reported for Q4 2025.
Capital Allocation
None of these metrics is reported for Q4 2025.
CAMT Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
CAMT Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2520-F | Q2'256-K | Q4'2420-F | Q2'2410-Q | Q4'2310-K | Q2'2310-Q | Q4'2210-K | Q2'2210-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.3B+41.2% | $974.7M+22.4% | $892.0M+13.3% | $796.2M+12.2% | $787.7M+16.3% | $709.7M+13.5% | $677.1M+16.0% | $625.2M+81.7% |
| Current Assets | $897.0M+44.7% | $702.9M+25.4% | $620.1M+13.4% | $560.5M-4.4% | $546.8M-1.8% | $586.5M+8.3% | $557.0M+7.1% | $541.7M+75.7% |
| Cash & Equivalents | $177.8M+40.9% | $192.0M+122.8% | $126.2M+5.2% | $86.2M-63.0% | $120.0M-19.0% | $232.8M+315.4% | $148.2M-38.8% | $56.0M-30.2% |
| Short-Term Investments | $78.9M+155.9% | $40.0M+69.2% | $30.8M+63.8% | $23.6M | $18.8M | $0 | $0 | $0 |
| Inventory | $112.2M+0.9% | $133.7M+34.8% | $111.2M+29.4% | $99.2M+62.1% | $85.9M+31.1% | $61.2M-12.7% | $65.5M+11.5% | $70.1M+28.9% |
| Long-Term Investments | $182.9M+110.0% | $87.9M+7.4% | $87.1M+18.4% | $81.8M | $73.6M | $0 | $0 | $0 |
| Goodwill | $74.3M0.0% | $74.3M0.0% | $74.3M0.0% | $74.3M | $74.3M | N/A | $0 | N/A |
| Total Liabilities | $642.8M+87.5% | $348.3M+8.6% | $342.8M+10.0% | $320.7M+13.2% | $311.5M+6.3% | $283.2M-1.8% | $293.0M+1.0% | $288.4M+239.3% |
| Current Liabilities | $107.4M-13.3% | $130.0M+20.9% | $123.9M+28.2% | $107.5M+40.1% | $96.7M+9.2% | $76.8M-11.0% | $88.5M-1.3% | $86.3M+6.1% |
| Non-Current Liabilities | $535.4M+144.6% | $218.3M+2.4% | $218.9M+1.9% | $213.2M+3.3% | $214.8M+5.1% | $206.5M+2.2% | $204.5M+2.0% | $202.1M+5428.0% |
| Total Equity | $617.0M+12.3% | $626.5M+31.8% | $549.2M+15.3% | $475.4M+11.5% | $476.1M+24.0% | $426.4M+26.6% | $384.1M+30.8% | $336.8M+29.9% |
| Retained Earnings | $386.5M+15.1% | $403.8M+49.5% | $335.8M+21.1% | $270.1M+15.2% | $277.4M+39.6% | $234.5M+50.0% | $198.7M+67.3% | $156.3M+78.7% |
Not reported in any period shown, so not listed: Accounts Receivable, Long-Term Debt.
CAMT Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
CAMT Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Camtek Ltd CAMT | FY2025 | $496.1M | $50.7M | 10.2% | $6.7B | 82/100 |
| IPG Photonics Corporation IPGP | FY2025 | $1.0B | $31.1M | 3.1% | $3.3B | 51/100 |
| Onto Innovation Inc. ONTO | FY2025 | $1.0B | $137K | 0.0% | $14.5B | 73/100 |
| Ambarella, Inc. AMBA | FY2026 | $390.7M | -$75.9M | -19.4% | $3.0B | 61/100 |
| Axcelis Technologies Inc ACLS | FY2025 | $839.0M | $120.2M | 14.3% | $4.2B | 67/100 |
| Amkor Technology Inc AMKR | FY2025 | $6.7B | $373.9M | 5.6% | $12.2B | 59/100 |
Where Camtek Ltd Ranks
Frequently Asked Questions
What is Camtek Ltd's annual revenue?
Camtek Ltd (CAMT) reported $496.1M in total revenue for fiscal year 2025. This represents a 15.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Camtek Ltd's revenue growing?
Camtek Ltd (CAMT) revenue grew by 15.6% year-over-year, from $429.2M to $496.1M in fiscal year 2025.
Is Camtek Ltd profitable?
Yes, Camtek Ltd (CAMT) reported a net income of $50.7M in fiscal year 2025, with a net profit margin of 10.2%.
What is Camtek Ltd's EBITDA?
Camtek Ltd (CAMT) had EBITDA of $140.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Camtek Ltd's gross margin?
Camtek Ltd (CAMT) had a gross margin of 50.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Camtek Ltd's operating margin?
Camtek Ltd (CAMT) had an operating margin of 25.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Camtek Ltd's net profit margin?
Camtek Ltd (CAMT) had a net profit margin of 10.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Camtek Ltd's return on equity (ROE)?
Camtek Ltd (CAMT) has a return on equity of 8.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Camtek Ltd's free cash flow?
Camtek Ltd (CAMT) generated $127.5M in free cash flow during fiscal year 2025. This represents a 13.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Camtek Ltd's operating cash flow?
Camtek Ltd (CAMT) generated $141.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Camtek Ltd's total assets?
Camtek Ltd (CAMT) had $1.3B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Camtek Ltd's capital expenditures?
Camtek Ltd (CAMT) invested $14.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Camtek Ltd spend on research and development?
Camtek Ltd (CAMT) invested $48.3M in research and development during fiscal year 2025.
What is Camtek Ltd's current ratio?
Camtek Ltd (CAMT) had a current ratio of 8.35 as of fiscal year 2025, which is generally considered healthy.
What is Camtek Ltd's debt-to-equity ratio?
Camtek Ltd (CAMT) had a debt-to-equity ratio of 1.04 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Camtek Ltd's return on assets (ROA)?
Camtek Ltd (CAMT) had a return on assets of 4.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Camtek Ltd's P/E ratio?
Camtek Ltd (CAMT) trades at 131x earnings, its market capitalization divided by net income of $50.7M net income, FY2025. The market capitalization is $6.7B as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Camtek Ltd's price-to-sales ratio?
Camtek Ltd (CAMT) trades at 13.4x sales, its market capitalization divided by revenue of $496.1M revenue, FY2025. The market capitalization is $6.7B as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Camtek Ltd's Altman Z-Score?
Camtek Ltd (CAMT) has an Altman Z-Score of 8.13, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Camtek Ltd's Piotroski F-Score?
Camtek Ltd (CAMT) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Camtek Ltd's earnings high quality?
Camtek Ltd (CAMT) has an earnings quality ratio of 2.80x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Camtek Ltd?
Camtek Ltd (CAMT) scores 82 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.