Demonstrações financeiras detalhadas de Photronics, Inc. (PLAB): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
Photronics, Inc. registou receitas de $849.3M no último exercício, com um CAGR de 5 anos de 6.9%. O lucro líquido atingiu $136.4M, com CAGR de 5 anos de 32.2%.
Margens dos últimos 12 meses: margem bruta 33.7%, margem operacional 22.5%, margem líquida 19.0%. O fluxo de caixa livre cresceu a CAGR de -3.7% em 5 anos.
Ao preço atual de $27.85, PLAB negocia a um P/L de 10.12 e um ROE de 11.62%. A capitalização de mercado é de $1.6B.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $483.5M | $450.7M | $535.3M | $550.7M | $609.7M | $663.8M | $824.5M | $892.1M | $866.9M | $849.3M |
| Custo da Receita | $364.8M | $359.4M | $403.8M | $429.8M | $475.0M | $496.7M | $530.3M | $555.9M | $551.0M | $549.5M |
| Lucro Bruto | $118.7M | $91.3M | $131.5M | $120.8M | $134.7M | $167.0M | $294.2M | $336.2M | $315.9M | $299.8M |
| P&D | $21.7M | $15.9M | $14.5M | $16.4M | $17.1M | $18.5M | $18.3M | $13.7M | $16.6M | $15.8M |
| Despesas Gerais e Administrativas | $44.6M | $43.6M | $51.4M | $52.3M | $53.6M | $57.5M | $64.0M | $69.5M | $77.8M | $75.6M |
| Despesas Operacionais | $66.2M | $59.4M | $65.9M | $68.7M | $70.7M | $72.5M | $82.3M | $83.1M | $94.4M | $91.4M |
| Lucro Operacional | $52.5M | $31.9M | $65.6M | $52.1M | $63.9M | $94.6M | $211.9M | $253.1M | $221.5M | $208.4M |
| EBITDA | $146.7M | $118.4M | $155.2M | $136.0M | $157.8M | $194.1M | $321.2M | $351.2M | $330.6M | $299.4M |
| Despesas com Juros | $3.4M | $5.3M | $2.3M | $1.4M | $2.4M | $1.7M | $1.9M | $433000 | $334000 | $55000 |
| Lucro Antes de Impostos | $60.5M | $26.6M | $68.6M | $50.7M | $61.6M | $102.0M | $239.0M | $269.9M | $247.4M | $221.8M |
| Imposto | $4.8M | $5.3M | $7.3M | $10.2M | $21.3M | $23.2M | $59.8M | $70.3M | $63.6M | $31.6M |
| Lucro Líquido | $46.2M | $13.1M | $42.1M | $40.5M | $33.8M | $55.4M | $118.8M | $125.5M | $130.7M | $136.4M |
| LPA | $0.68 | $0.19 | $0.59 | $0.61 | $0.52 | $0.90 | $1.96 | $2.05 | $2.12 | $2.29 |
| LPA Diluído | $0.64 | $0.19 | $0.56 | $0.59 | $0.52 | $0.89 | $1.94 | $2.03 | $2.09 | $2.28 |
| Ações em Circulação (Diluídas) | $76.4M | $69.3M | $74.8M | $69.2M | $65.5M | $62.0M | $61.2M | $61.8M | $62.4M | $59.9M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q4 | 2026-Q1 | 2026-Q2 | 2026-Q3 |
|---|
| Receita | $215.8M | $225.1M | $209.9M | $216.0M |
| Lucro Bruto | $75.5M | $78.7M | $65.8M | $71.7M |
| Lucro Operacional | $52.3M | $54.8M | $42.2M | $45.5M |
| EBITDA | $94.3M | $94.3M | $73.9M | $75.9M |
| Lucro Líquido | $61.8M | $42.9M | $31.4M | $28.9M |
| LPA | $1.07 | $0.74 | $0.54 | $0.50 |
| LPA Diluído | $1.07 | $0.74 | $0.54 | $0.49 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $314.1M | $308.0M | $329.3M | $206.5M | $278.7M | $276.7M | $319.7M | $499.3M | $598.5M | $492.3M |
| Investimentos de Curto Prazo | 0 | 0 | 0 | 0 | 0 | 0 | $38.8M | $12.9M | $42.2M | $95.9M |
| Contas a Receber | $92.6M | $105.3M | $120.5M | $142.1M | $157.3M | $208.5M | $216.6M | $208.2M | $215.0M | $222.6M |
| Estoque | $22.1M | $23.7M | $29.2M | $48.2M | $57.3M | $55.2M | $50.8M | $50.0M | $56.5M | $61.8M |
| Ativos Circulantes | $441.6M | $449.1M | $502.7M | $438.8M | $500.1M | $550.6M | $644.7M | $785.5M | $931.1M | $890.1M |
| Imobilizado | $506.4M | $535.2M | $571.8M | $621.2M | $631.5M | $696.6M | $643.9M | $715.4M | $745.3M | $854.4M |
| Ágio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Intangíveis | $19.9M | $17.1M | $12.4M | $7.9M | $3.4M | $774000 | 0 | 0 | 0 | 0 |
| Ativos Totais | $988.3M | $1.02B | $1.11B | $1.12B | $1.19B | $1.29B | $1.32B | $1.53B | $1.71B | $1.80B |
| Contas a Pagar | $48.9M | $42.5M | $55.5M | $70.4M | $58.5M | $81.5M | $79.6M | $84.0M | $78.7M | $84.2M |
| Dívida de Curto Prazo | $5.4M | 0 | $57.5M | $10.9M | $13.7M | $15.0M | $3.5M | $6.6M | $18.0M | 0 |
| Passivos Circulantes | $81.3M | $81.8M | $191.1M | $152.0M | $142.9M | $176.1M | $193.8M | $185.2M | $183.8M | $165.9M |
| Dívida de Longo Prazo | $57.2M | $57.3M | 0 | $41.9M | $55.0M | $58.4M | $7.7M | $4.2M | $25000 | 0 |
| Passivos Totais | $162.8M | $155.5M | $205.4M | $207.6M | $225.9M | $293.6M | $253.7M | $250.6M | $231.3M | $207.2M |
| Reservas | $176.3M | $189.4M | $231.4M | $253.9M | $279.0M | $317.8M | $435.6M | $561.1M | $691.8M | $772.2M |
| Patrimônio Líquido | $710.4M | $744.6M | $759.7M | $769.9M | $805.0M | $823.7M | $831.5M | $975.0M | $1.12B | $1.17B |
| Dívida Total | $67.6M | $59.9M | $57.5M | $52.8M | $70.8M | $117.2M | $45.6M | $26.5M | $23.0M | $6.0M |
| Dívida Líquida | -$246.5M | -$248.1M | -$271.8M | -$153.8M | -$207.8M | -$159.5M | -$312.9M | -$485.7M | -$617.7M | -$582.2M |
| Capital de Giro | $360.3M | $367.3M | $311.7M | $286.8M | $357.2M | $374.5M | $450.9M | $600.2M | $747.3M | $724.2M |
Balanço (Trimestral)
| Ano | 2025-Q4 | 2026-Q1 | 2026-Q2 | 2026-Q3 |
|---|
| Caixa e Equivalentes | $492.3M | $544.1M | $511.5M | $549.5M |
| Ativos Totais | $1.80B | $1.90B | $1.93B | $1.99B |
| Passivos Totais | $207.2M | $251.5M | $237.4M | $247.0M |
| Patrimônio Líquido | $1.17B | $1.21B | $1.24B | $1.28B |
| Dívida Total | $6.0M | $21000 | $3.9M | $3.9M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | $55.7M | $21.3M | $61.2M | $40.5M | $40.3M | $78.8M | $118.8M | $125.5M | $130.7M | $136.4M |
| Depreciação e Amortização | $82.8M | $86.6M | $84.3M | $83.9M | $93.8M | $90.4M | $80.3M | $80.8M | $82.8M | $77.6M |
| Compensação em Ações | $3.8M | $3.6M | $3.2M | $3.7M | $4.9M | $5.3M | $6.3M | $8.0M | $13.9M | $13.4M |
| Variação Capital de Giro | -$7.4M | -$16.3M | -$15.0M | -$56.2M | $4.4M | -$23.8M | $8.5M | $14.6M | -$17.7M | -$16.3M |
| Fluxo de Caixa Operacional | $122.1M | $96.8M | $130.6M | $71.8M | $143.0M | $150.8M | $275.2M | $302.2M | $261.4M | $247.8M |
| CapEx | -$50.1M | -$92.0M | -$92.6M | -$177.2M | -$71.0M | -$109.3M | -$112.3M | -$131.3M | -$130.9M | -$188.1M |
| Aquisições | -$966000 | -$5.4M | $18.0M | $29.4M | $17.6M | 0 | $25.0M | 0 | 0 | 0 |
| Recompra de Ações | 0 | 0 | -$23.1M | -$21.7M | -$34.4M | -$48.2M | -$2.5M | 0 | 0 | -$97.4M |
| Dividendos Pagos | -$11.9M | -$8.3M | -$8.2M | -$45.0M | -$16.2M | 0 | 0 | 0 | 0 | 0 |
| Fluxo de Caixa Livre | $72.0M | $4.9M | $38.0M | -$105.4M | $72.1M | $41.5M | $162.8M | $170.9M | $130.5M | $59.7M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q4 | 2026-Q1 | 2026-Q2 | 2026-Q3 |
|---|
| Fluxo de Caixa Operacional | $87.8M | $97.3M | $47.0M | $76.3M |
| CapEx | -$67.6M | -$47.6M | -$45.8M | -$37.0M |
| Fluxo de Caixa Livre | $20.2M | $49.6M | $1.2M | $39.4M |
| Dividendos Pagos | 0 | 0 | 0 | 0 |
| Compensação em Ações | $3.4M | $2.9M | $3.7M | $3.9M |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | -6.8% | +18.8% | +2.9% | +10.7% | +8.9% | +24.2% | +8.2% | -2.8% | -2.0% |
| Crescimento Lucro Líquido (anual) | | -71.6% | +220.3% | -3.7% | -16.5% | +64.0% | +114.2% | +5.6% | +4.1% | +4.4% |
| Crescimento LPA (anual) | | -72.1% | +210.5% | +3.4% | -14.8% | +73.1% | +117.8% | +4.6% | +3.4% | +8.0% |
| Variação de Ações (anual) | | -9.3% | +8.0% | -7.6% | -5.3% | -5.3% | -1.3% | +0.9% | +1.0% | -4.0% |
| Crescimento FCF (anual) | | -93.2% | +680.2% | -377.4% | +168.4% | -42.4% | +292.4% | +4.9% | -23.6% | -54.3% |
| Margem Bruta | 24.6% | 20.3% | 24.6% | 21.9% | 22.1% | 25.2% | 35.7% | 37.7% | 36.4% | 35.3% |
| Margem Operacional | 10.9% | 7.1% | 12.3% | 9.5% | 10.5% | 14.2% | 25.7% | 28.4% | 25.6% | 24.5% |
| Margem EBITDA | 30.3% | 26.3% | 29.0% | 24.7% | 25.9% | 29.2% | 39.0% | 39.4% | 38.1% | 35.3% |
| Margem Líquida | 9.6% | 2.9% | 7.9% | 7.4% | 5.5% | 8.4% | 14.4% | 14.1% | 15.1% | 16.1% |
| Margem FCF | 14.9% | 1.1% | 7.1% | -19.1% | 11.8% | 6.3% | 19.8% | 19.2% | 15.1% | 7.0% |
| Taxa Efetiva de Imposto | 7.9% | 19.9% | 10.7% | 20.1% | 34.5% | 22.7% | 25.0% | 26.0% | 25.7% | 14.2% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $0.94 | $0.07 | $0.51 | $-1.52 | $1.10 | $0.67 | $2.66 | $2.77 | $2.09 | $1.00 |
| Dividendo por Ação | $0.16 | $0.12 | $0.11 | $0.65 | $0.25 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Ações em Circulação (Básicas) | $67.5M | $68.4M | $71.4M | $66.3M | $64.9M | $61.4M | $60.6M | $61.1M | $61.7M | $59.6M |
O que olhar em empresas de Technology
- Crescimento de receita 3a (≥15%/ano) — Valida tração sustentada, não um ano pontual.
- Margem bruta (Depende do sub-setor) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Receita (≥20%) — Caixa real gerada. Muitas tech maquilham lucros não-GAAP.
- ROIC (≥15%) — Eficiência do capital reinvestido — a primeira métrica de Buffett.
- SBC / Receita (<10% saudável) — Stock-based compensation. Diluição silenciosa: >20% destrói valor.
- Dívida Líquida / EBITDA (≤2x (1,5x SaaS)) — Resistência em recessões e subidas de juros.
Rentabilidade
| Retorno sobre patrimônio | 11.62% |
| Retorno sobre capital investido | 10.90% |
| Retorno sobre ativos | 7.56% |
| Margem bruta | 33.65% |
| Margem operacional | 22.48% |
| Margem líquida | 19.04% |
Saúde financeira
| Dívida / Patrimônio | 0.00 |
| Liquidez corrente | 4.94 |
| Piotroski F-Score | 7 |
| Altman Z-Score | 6.06 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | 14.26 | 51.05 | 16.51 | 19.34 | 18.75 | 15.09 | 8.28 | 8.96 | 10.75 | 10.44 |
| P/VP | 0.92 | 0.89 | 0.92 | 1.02 | 0.79 | 1.01 | 1.18 | 1.15 | 1.26 | 1.21 |
| P/V | 1.36 | 1.47 | 1.30 | 1.42 | 1.04 | 1.26 | 1.19 | 1.26 | 1.62 | 1.68 |
| Margem Bruta | 24.6% | 20.3% | 24.6% | 21.9% | 22.1% | 25.2% | 35.7% | 37.7% | 36.4% | 35.3% |
| Margem Operacional | 10.9% | 7.1% | 12.3% | 9.5% | 10.5% | 14.2% | 25.7% | 28.4% | 25.6% | 24.5% |
| Margem Líquida | 9.6% | 2.9% | 7.9% | 7.4% | 5.5% | 8.4% | 14.4% | 14.1% | 15.1% | 16.1% |