Flagship explainer

How PHOTRONICS, INC. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$849M · 100%Cost of revenue$549M · 65%Gross profit$300M · 35%Operating income$208M · 25%Income before tax$222M · 26%Income tax$31.6M · 4%Net income$136M · 16%As of 2025-10-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$849M100%
Cost of revenue$549M65%
$300M35%
$208M25%
Income before tax$222M26%
Income tax$31.6M4%
$136M16%
Source: · event Oct 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
Embed this chart

View the full PHOTRONICS, INC. analysis at Buy Like Buffett