What is Photronics's cash ratio?

Photronics (PLAB) reported cash ratio of 2.8× in Q1 2026.

How has Photronics's cash ratio changed year-over-year?

Photronics's cash ratio decreased by 14.0% year-over-year, from 3.2× to 2.8×.

What is the long-term trend for Photronics's cash ratio?

Over 5 years (2020 to 2025), Photronics's cash ratio has grown at a 8.7% compound annual growth rate (CAGR), from 2× to 3×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

Photronics PLAB Cash ratio

Cash ratio at other companies

Amkor TechnologyAMKR

0.6×-0.1×

Lightwave Logic, Inc.LWLG

33.4×+17.1×

Veeco InstrumentsVECO

0.9×-0.1×

Axcelis TechnologiesACLS

0.7×-0.2×

Sanmina CorpSANM

0.4×0.0×

Applied MaterialsAMAT

0.2×0.0×

Other financials

Income statement

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Revenue$209.9M-0.5%

Gross profit$65.8M-15.6%

Operating income$42.2M-24.3%

Net income$31.4M+255%

EPS (diluted)$0.54+260%

Balance sheet

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Cash & equivalents$514.4M-3.6%

Total debt$3.9M+12,780%

Total equity$1.2B+12.7%

Total assets$1.9B+13.4%

Cash flow

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Operating cash flow$47.0M+49.5%

CapEx$45.8M-24.4%

Free cash flow$1.2M—

Valuation

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Market cap$1.87B+146%

Profitability

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Gross margin33.8%-2.5pp

Operating margin22.9%-2.3pp

Net margin18.5%+4.5pp

FCF margin11.2%—

Returns & leverage

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Return on equity13.6%+2.3pp

Debt / equity0×—

Current ratio5×-0.1×

Where this comes from

Calculated from Photronics’s reported figures.

cash and equivalents/total current liabilities=2.8×

Based on the most recent quarter.

The official record: Photronics’s 10-Q, filed June 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Photronics's cash ratio?: Photronics (PLAB) reported cash ratio of 2.8× in Q1 2026.
How has Photronics's cash ratio changed year-over-year?: Photronics's cash ratio decreased by 14.0% year-over-year, from 3.2× to 2.8×.
What is the long-term trend for Photronics's cash ratio?: Over 5 years (2020 to 2025), Photronics's cash ratio has grown at a 8.7% compound annual growth rate (CAGR), from 2× to 3×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.