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Camtek vs MultiSensor AI: revenue, profit, margins and growth compared

Camtek brought in $496.1M of revenue in fiscal 2025, MultiSensor AI $5.6M in fiscal 2025. Revenue changed by +15.6% at Camtek and -25.0% at MultiSensor AI on the year before, so Camtek grew faster. Camtek kept 10.2% of its revenue as net profit, MultiSensor AI -211.0%. Free cash flow was $127.5M at Camtek and -$9.7M at MultiSensor AI.

Side by side, latest fiscal year

CAMTMSAI
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$496.1M$5.6M
Revenue growth+15.6%-25.0%
Net income$50.7M-$11.7M
Net margin10.2%-211.0%
Free cash flow$127.5M-$9.7M
Free cash flow margin25.7%-173.9%
Earnings per share (diluted)$1.04-$0.31
Cash$177.8M$24.4M
Debtn/an/a
Price to earningsn/an/a
Market value$6.8B$10.6M
Dividend yieldn/an/a
Rank by revenue in sector#308 of 638 · Technology#568 of 638 · Technology

Over the years

Revenue
CAMT FY2018: $123.2MCAMT FY2019: $134MCAMT FY2020: $155.9MCAMT FY2021: $269.7MCAMT FY2022: $320.9MCAMT FY2023: $315.4MCAMT FY2024: $429.2MCAMT FY2025: $496.1MMSAI FY2022: $7.3MMSAI FY2023: $5.4MMSAI FY2024: $7.4MMSAI FY2025: $5.6MFY18FY19FY20FY21FY22FY23FY24FY25
CAMT $496.1MMSAI $5.6M
Net income
CAMT FY2018: $18.7MCAMT FY2019: $22MCAMT FY2020: $21.8MCAMT FY2021: $60.3MCAMT FY2022: $79.9MCAMT FY2023: $78.6MCAMT FY2024: $118.5MCAMT FY2025: $50.7MMSAI FY2022: -$13.3MMSAI FY2023: -$22.3MMSAI FY2024: -$21.5MMSAI FY2025: -$11.7MFY18FY19FY20FY21FY22FY23FY24FY25
CAMT $50.7MMSAI -$11.7M
Net margin
CAMT FY2018: 15.2%CAMT FY2019: 16.4%CAMT FY2020: 14.0%CAMT FY2021: 22.4%CAMT FY2022: 24.9%CAMT FY2023: 24.9%CAMT FY2024: 27.6%CAMT FY2025: 10.2%MSAI FY2022: -182.9%MSAI FY2023: -410.1%MSAI FY2024: -290.4%MSAI FY2025: -211.0%FY18FY19FY20FY21FY22FY23FY24FY25
CAMT 10.2%MSAI -211.0%
Revenue growth
CAMT FY2019: +8.8%CAMT FY2020: +16.3%CAMT FY2021: +73.0%CAMT FY2022: +19.0%CAMT FY2023: -1.7%CAMT FY2024: +36.1%CAMT FY2025: +15.6%MSAI FY2023: -25.3%MSAI FY2024: +36.3%MSAI FY2025: -25.0%FY19FY20FY21FY22FY23FY24FY25
CAMT +15.6%MSAI -25.0%
Free cash flow
CAMT FY2018: $14.5MCAMT FY2019: $23.4MCAMT FY2020: $23.3MCAMT FY2021: $56.9MCAMT FY2022: $49.6MCAMT FY2023: $71.2MCAMT FY2024: $112.1MCAMT FY2025: $127.5MMSAI FY2022: -$4.8MMSAI FY2023: -$6.1MMSAI FY2024: -$18.2MMSAI FY2025: -$9.7MFY18FY19FY20FY21FY22FY23FY24FY25
CAMT $127.5MMSAI -$9.7M

Fiscal years as each company reports them; the two may end in different months.

Questions about Camtek and MultiSensor AI

Which is bigger by revenue, Camtek or MultiSensor AI?

Camtek is bigger by revenue: $496.1M in fiscal 2025, against $5.6M for MultiSensor AI in fiscal 2025.

Which keeps more of its revenue as profit, Camtek or MultiSensor AI?

Camtek had a net margin of 10.2% in fiscal 2025; MultiSensor AI had -211.0% in fiscal 2025.

Which grew revenue faster, Camtek or MultiSensor AI?

In their latest fiscal years revenue changed by +15.6% at Camtek and -25.0% at MultiSensor AI.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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