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Israeli maker of optical inspection and metrology tools used to catch defects in advanced chip packaging.
Israeli maker of optical inspection and metrology tools used to catch defects in advanced chip packaging.
Sells inspection machines to packaging lines in orders tied to customers' capacity plans, earning recurring revenue from service contracts and upgrades afterwards. Growth has come from packaging steps for AI chips, where defects are costly because each stacked chip is expensive.
In one line: A small, packaging-focused KLA.
Moat: narrow (process know-how, customer qualification, installed base). Tool-of-record status at packaging lines is sticky; requalifying a new inspection tool is slow.
Headquarters: Migdal HaEmek, Israel · Founded: 1987 · Employees: 709
Size Camtek (CAMT) is a United States Information Technology company (Electronic Components) with a market value of $4.53B, the 1255th largest of 3,117 United States companies the cockpit tracks. Shares closed at $97.05 on 6 Nov 2026.
Performance Over six months the shares fell 52.8%, against -12.2% for the median peer and -1.1% for the United States market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue grew 12.2% over the last twelve months (peer median +18.6%); the operating margin is 23.1% (peer median 9.5%).
Valuation It trades at 19.6× forward earnings against a peer median of 30.7× (7th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about 30% a year for seven years (Req g). Recent delivered growth is +26%, so the hurdle is +4 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 3.0 points above its cost of capital (12.6% WACC).
Credit Camtek has 1 bond outstanding ($500M).
Short interest Short interest is 7.2% of the free float (15 Oct 2026).
Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $544M | $496M | $429M | $315M | $321M |
| Revenue growth | — | +16% | +36% | -2% | — |
| Gross profit | $272M | $250M | $210M | $148M | $160M |
| EBITDA | n/a | $140M | $119M | $72.6M | $86.9M |
| Net income | $134M | $50.7M | $119M | $78.6M | $79.9M |
| Free cash flow | n/a | $127M | $112M | $71.2M | $49.6M |
| Capital expenditure | n/a | $14.8M | $10.4M | $8.27M | $8.29M |
| Total debt | $489M | $531M | $207M | $201M | $199M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Camtek CAMT | $4.53B | -53% | +12% | 23% | 19.6× | 29.7% |
| KLA KLAC | $180B | -26% | +16% | 43% | 22.3× | 23.5% |
| ONTO ONTO | $8.50B | -39% | +8% | 20% | 16.9× | 29.4% |
| NVMI NVMI | $9.96B | -40% | +16% | 29% | 25.0× | 32.8% |
| Asmpt 0522.HK | $5.02B | -47% | +21% | 9% | 20.4× | 12.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CAMT | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -35.5% | -27.2% | 4th lowest of 21 |
| 6-month return | -52.8% | -12.2% | lowest of 21 |
| Distance from 52-week high | -55.1% | -45.9% | 8th lowest of 21 |
| Revenue growth (TTM) | +12.2% | +18.6% | 6th lowest of 21 |
| Operating margin | 23.1% | 9.5% | 3rd highest of 21 |
| Forward P/E | 19.6× | 30.7× | 7th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | 29.7% | 23.2% | 4th most demanding of 10 |
| Growth delivered (Del g) | +26.1% | +9.6% | highest of 10 |
| Hurdle (Req g minus delivered) | +3.6 pp | +7.3 pp | 5th least demanding of 10 |
| ROIC minus cost of capital | +3.0 pp | -2.3 pp | 5th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Camtek CAMT | United States | $4.53B | -53% | +12% | 23% | 19.6× | 29.7% | +26.1% |
| Silergy 6415.TW | Taiwan | $4.58B | -11% | +13% | 12% | 30.5× | n/a | n/a |
| Delton Technology (Guangzhou) 001389.SZ | China | $4.43B | -48% | +77% | 25% | 18.6× | n/a | n/a |
| Guangdong Kingshine Electronic Technology 300903.SZ | China | $4.69B | +45% | +36% | 4% | 276.3× | n/a | n/a |
| Nantong Jianghai Capacitor 002484.SZ | China | $4.28B | -15% | +17% | 14% | 27.6× | 23.2% | +15.9% |
| Wuhan Jingce Electronic 300567.SZ | China | $4.80B | -14% | +31% | 0% | 119.3× | n/a | n/a |
| Hirose Electric 6806.T | Japan | $4.23B | -4% | +21% | 22% | 17.5× | 8.4% | +9.6% |
| Sichuan Huafeng Technology 688629.SS | China | $4.85B | -49% | +46% | 9% | 87.5× | n/a | n/a |
| Optics Technology 300489.SZ | China | $4.07B | +101% | +40% | 11% | 125.0× | n/a | n/a |
| Shenzhen Jpt Opto-Electronics 688025.SS | China | $3.97B | -22% | +69% | 18% | 43.3× | 44.7% | +19.4% |
| Dynamic Electronics 603175.SS | China | $5.37B | -15% | +15% | 5% | n/a | n/a | n/a |
| Lotes 3533.TW | Taiwan | $5.39B | -36% | +13% | 28% | 17.6× | 1.9% | +14.3% |
| Walsin Technology 2492.TW | Taiwan | $3.79B | +74% | +8% | 8% | 37.6× | 36.0% | +0.5% |
| ITEQ 6213.TW | Taiwan | $5.45B | +75% | +16% | 9% | 16.6× | n/a | n/a |
| Caihong Display Devices 600707.SS | China | $3.70B | -15% | -3% | 4% | 11.6× | 2.9% | +1.7% |
| Hamamatsu Photonics K.K 6965.T | Japan | $3.69B | -7% | +10% | 9% | 30.9× | 27.8% | +8.6% |
| Taiyo Yuden 6976.T | Japan | $5.63B | +4% | +6% | 6% | 28.8× | 47.0% | +3.4% |
| Suntak Technology 002815.SZ | China | $3.61B | +2% | +31% | 10% | n/a | n/a | n/a |
| Founder Technology 600601.SS | China | $5.70B | -27% | +73% | 19% | 47.6× | n/a | n/a |
| Xiamen Faratronic 600563.SS | China | $3.58B | -10% | +10% | 23% | 18.4× | 8.0% | +23.1% |
| Guizhou Space Appliance 002025.SZ | China | $3.56B | -29% | +22% | 3% | 63.7× | n/a | n/a |
Camtek has 1 bond outstanding with $500M face value.